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Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the nation will not be able to reach 80 per cent revenue performance for 2019.
The Senate has adjourned debates on the 2020 Appropriation Bill until Tuesday, October 15.
The senator representing Abia-South Senatorial District of Abia State in the Senate, Enyinnaya Abaribe, has described the 2020 budget as “nothing but a budget of taxation.”
President Muhammadu Buhari has said that the Finance Bill 2019 he forwarded to the National Assembly when passed into law, will permit the government to raise the country’s Value Added Tax from 5 to 7.5 per cent.
President of the Senate, Ahmad Lawan, has assured that the 2020 budget presented by President Muhammadu Buhari will be passed before the end of 2019.
Some economic experts have expressed concern over the Federal Government’s decision to base the estimated revenue from Value Added Tax in 2020 by 7.5 per cent instead of five per cent.
The comment attracted loud laughter and applause from all those inside the chamber, including the President of the Senate, Ahmad Lawan; Speaker of the House of Representatives, Femi Gbajabiamila, federal lawmakers, state governors, members of the Federal Executive Council and leaders of the ruling All Progressives Congress, among others.
Security operatives have taken over the National Assembly in preparation for the presentation of the 2020 appropriation bill by President Muhammadu Buhari to a joint seating of the legislature.
The Presidency says President Muhammadu Buhari is set to present the 2020 Appropriation Bill to a joint session of the National Assembly on Tuesday.
The Senate has received a written request from President Muhammadu Buhari to present the 2020 Appropriation Bill before a joint session of the National Assembly on Tuesday.
The Senate on Tuesday urged the Federal Government to halt kidnappings and killings by armed bandits in some communities in Katsina State.
Speaker of the House of Representatives, Femi Gbajabiamila, on Friday disclosed that President Muhammadu Buhari may present the 2020 budget to the National Assembly by the end of September 2019.
Nigeria is set to establish a government-driven national donor coordination mechanism to ensure that external financing is maximised for the good of the country, Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said on Wednesday.
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Wednesday revealed that the government was set to establish a government-driven national donor coordination mechanism to ensure that external financing is maximised for the good of the country.
The Federal Government, 36 states and the Federal Capital Territory and 774 local government areas shared N693.529 billion as of September allocation disbursed by the Federation Account Allocation Committee (FAAC).
Bayern Munich forward Thomas Muller wants Manchester United as the German offers himself to the Red Devils.
The absence of the Ondo State Governor, Mr Rotimi Akeredolu, from office in the recent time has been generating reactions from various quarters as some were saying the governor had been in the hospital, treating food poisoning.
The Police Command in Benue have exhumed an unknown decomposed body in a rice farm in Ukum Local Government Area of the state.
Nigeria international midfielder Sunday Mba is keen to find a route back into football following an inactive two years.
The hierarchy of Nigeria Professional Football League side, Heartland, have confirmed an indefinite suspension slammed on the General Manager of the club, Chief Chukwudi Ifeanyi.
Gernot Rohr has reacted to Super Eagles performance in Sunday’s 1-1 friendly draw against five-time world champions, Brazil.
The Bayelsa Resident Electoral Commissioner (REC), Mr Monday Tom, says INEC is satisfied with the percentage rate of Permanent Voter Card (PVC) collection, promising that the body is adequately prepared to conduct the Nov. 16 governorship election in the state.
Former governor of Jigawa State, Sule Lamido, has urged former President Goodluck Jonathan to prevail on President Muhammadu Buhari to release former National Security Adviser Sambo Dasuki from detention.
The Minister of Information and Culture, Lai Mohammed, on Tuesday, said that the Federal Government does not play politics with the security and welfare of Nigerians.