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President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Senator Lawan: NDIC Act will receive accelerated action

Senate President Ahmad Lawan has assured that the bill to amend the Nigeria Deposit Insurance Corporation (NDIC) Act will receive an accelerated hearing to ensure efficiency in the banking system.

Federal government urged to consider sale of public enterprises to fund 2020 budget

The Director General of the Bureau of Public Enterprises (BPE), Mr. Alex Okoh, has advised the federal government to consider the privatisation of federal government-owned enterprises to fund the N10.33 trillion 2020 budget, which has a total deficit of N2.28 trillion.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Revenue generation not behind border closure – minister

The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said the temporary closure of Nigeria’s land borders with her neigbours is not to induce revenue generation.
Marcel Ifejiofor, the commissioner for Works in Anambra State, has said that the condition of roads in the state was not the worst in the country.

2020 Budget: Anambra lawmakers, commissioner, lament low budgetary allocation to road infrastructure

Some Anambra lawmakers and the State Ministry of Works on Wednesday decried the low budgetary allocated to road infrastructure in the state.
Governor of Lagos State, Mr. Babajide Sanwo-Olu, has promised the support of his administration for creative industry with a view to making the sector achieve a sustainable economic status. 4

Lagos governor seeks re-ordering of 2019 budget, laments inadequate revenue

Lagos State Governor, Babajide Sanwo-Olu, has written to the state House of Assembly, seeking for the re-ordering of the 2019 budget.
Governor of Lagos State, Mr. Babajide Sanwo-Olu, has promised the support of his administration for creative industry with a view to making the sector achieve a sustainable economic status. 2

Lagos governor seeks assembly’s approval for N250 billion loan

Lagos Governor, Babajide Sanwo-Olu, has re-ordered the 2019 Budget of the state with a letter to the state Assembly seeking a loan of N250bn.

Lagos speaker inaugurates 36 standing committees

The Speaker of the Lagos State House of Assembly, Mudashiru Obasa, on Monday inaugurated 36 standing committees for effective operation of the oversight function of the House.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Oil benchmark lowered over expected crude glut – minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the federal government adopted a lower oil benchmark price of $57 per barrel for the 2020 budget as against the $60 per barrel in the 2019 budget because of the expected oil glut in 2020, as well as the need to cushion against unexpected price shock.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Fuel subsidy to gulp N450 billion in 2020 – minister

Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, has said under-recovery of premium motor spirit (PMS), popularly referred to as fuel subsidy, will gulp N450 billion in 2020.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

We will not reach 80% revenue performance for 2019 – minister

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.
Anti-Brexit activists hold placards and wave Union and EU flags as they demonstrate near the Houses of Parliament in central London on January 28, 2019. – Despite the humiliating rejection of Prime Minister Theresa May’s Brexit deal, Britain is no closer to knowing the end result of its vote to leave the European Union. A raft of amendments to be voted on by MPs on Tuesday threaten to further muddy the waters as the clock ticks down to Britain’s scheduled departure from the EU on March 29. (Photo by Tolga AKMEN / AFP)

Britain, EU enter make-or-break Brexit week

Britain and the European Union on Monday entered a pivotal week that will determine if they are still on course to reach amicable divorce terms — and when Brexit might finally occur.
Timothy Olawale - Nigeria Employers’ Consultative Association (NECA)

NECA express reservations concerning 2020 Budget

Nigeria Employers Consultative Association, NECA, yesterday critically appraised the 2020 national budget presented before the Joint session of the National Assembly, on October 8, and expressed reservations over its intentions.
Mr Ben Akabueze, the Director General Budget Office, says the 2020 budget presented by President Muhammadu Buhari tagged the “Budget of Growth and Job Creation” clearly defines its objectives.

Budget: Federal government urged harmonise development plan with states

Reacting to the 2020 budget of Federal Government and its national development plan proposal, Ayobami Oyalowo, an economic analyst, has suggested that the national planning document be made simple and also beharmony with the states.
President Muhammadu Buhari on Tuesday proposed a capital expenditure of N46 billion for the Ministry of Health in the 2020 appropriation bill he submitted to the National Assembly.

Senators: 2020 budget projections unrealistic

Some senators, yesterday, dismissed projections of President Muhammadu Buhari’s N10.33 trillion 2020 budget proposal as unrealistic.
President Muhammadu Buhari on Tuesday proposed a capital expenditure of N46 billion for the Ministry of Health in the 2020 appropriation bill he submitted to the National Assembly.

2020 Budget: Finance bill is to increase VAT – President Buhari

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.
Mr Ben Akabueze, the Director General Budget Office, says the 2020 budget presented by President Muhammadu Buhari tagged the “Budget of Growth and Job Creation” clearly defines its objectives.

Senators Akpabio, Ndume speak on 2020 budget estimate

Mr Ben Akabueze, the Director General Budget Office, says the 2020 budget presented by President Muhammadu Buhari tagged the “Budget of Growth and Job Creation” clearly defines its objectives.
President Muhammadu Buhari on Tuesday has said that he is suffering from cold.

2020 Budget: Federal government to service debt with N2.45 trillion – President Buhari

President Muhammadu Buhari has said debt servicing in the 2020 budget will gulp N2.45trn, out of which local debts would take N296bn.
President Muhammadu Buhari on Tuesday has said that he is suffering from cold.

President Buhari: 2020 budget based on new 7.5% VAT

President Muhammadu Buhari has said the 2020 budget has been based on a new Value Added Tax of 7.5 per cent.

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