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Debates on revenue collections from Stamp Duties between Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST) was brought to a close as FIRS submitted that it was backed by law to collect stamp duties.

FIRS: Stamp Duties collection backed by law

Responsibility of stamp duties collection between FIRS and NIPOST was raised at an interactive session on the 2021-2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) organised by Joint Senate Committees on Finance and National Planning in Abuja on Thursday.
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 1

Nigerian government facing scarcity of funds – Senate president

Speaking yesterday in Abuja while declaring open a-five-day interactive session organised by the Senator Olamilekan Adeola, All Progressives Congress, APC, Lagos West led Senate Joint Committee on Finance and National Planning Stakeholders on the details of the 2021 and 2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) forwarded last month by President Muhammadu Buhari, the President of the Senate called for Public-Private Partnership, PPP to build critical infrastructure in the country.
The Comptroller-General Nigeria Immigration Service (NIS) Muhammad Babande appeared before the committee during the interactive session.

Senate to probe alleged increase of residence permit for foreigners to $2,000

The Senate will probe the hike in the annual residence permit for foreigners from 1,000 dollars to 2,000 dollars by Continental Transfert Technique Ltd (CONTEC).
President Muhammadu Buhari is currently presiding over the Emergency National Executive Council, NEC, meeting of the All Progressives Congress, APC, at the Council Chamber, Presidential Villa, Abuja.

President Buhari submits 2021-2023 MTEF/FSP to Senate

President Muhammadu Buhari on Tuesday submitted the 2021-2023 Medium Term Expenditure Frame Work (MTEF) and Fiscal Strategy Paper (FSP) to the Senate.
President Muhammadu Buhari is currently presiding over the eighth virtual meeting of the Federal Executive Council (FEC) holding inside the Council Chambers of the State House, Abuja.

FEC approves 2021-2023 MTEF, projects N12.6trn budget for each year

The Federal Executive Council (FEC), on Wednesday, approved the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) with N12.66 trillion budget projection for each of the three fiscal years.
Zainab Ahmed

Nigeria proposes N11.9 trillion total expenditure in 2021 budget

The federal government, on Friday, announced total projected expenditure of about N11.9 trillion for the 2021 fiscal year.
President Muhammadu Buhari shortly after his nationwide broadcast, signed Proclamation Order on the General Management of Covid-19 in Lagos, Ogun, Kano, the Federal Capital Territory and other States in Nigeria.

President Buhari urges speedy passage of revised 2020-2022 MTEF/FSP, budget

The Presidency on Thursday urged the House of Representatives to speedily pass the 2020-2022 Medium Term Expenditure Framework (MTEF), and Fiscal Strategy Paper (FSP) and the revised Appropriation Bill, 2020 for the fiscal year.
The requests contained in three separate letters read at the beginning of plenary on Tuesday by the Senate President, Ahmad Lawan. 2

PDP kicks as Senate okays President Buhari’s bid to borrow N850 billion

The upper chamber of the Nation­al Assembly on Tuesday approved President Muhammadu Buhari’s request to borrow the sum of N850 billion from the domestic capital market to finance projects in the 2020 budget.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Nigeria cuts down 2020 budget by N317.5 billion

To reflect the present harsh economic realities occasioned by the coronavirus pandemic, the Federal Government has adjusted the 2020 budget, slashing the figures by N317.5 billion.
Former Governor of Imo State, Senator Rochas Okorocha, on Monday lamented that the immediate past Minister of Power, Works and Housing, Babatunde Fashola is now having gray hair because the work of heading three ministries was to big for him.

Senator Okorocha wants number of lawmakers reduced to save cost

Sen. Rochas Okorocha, (APC-Imo West) has called for a reduction in the number of legislators.
President of the Senate, Ahmad Lawan, presiding over the plenary in the upper chamber on Thursday, 3rd October, 2019.

Senate receives President Buhari’s request to present 2020 Budget 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.
President of the Senate, Ahmad Ibrahim Lawan, said on Tuesday that all standing committees of the upper chamber will be inaugurated on Wednesday.2

Senate approves 2020-2022 MTEF/FSP, raises federal government’s expenditure estimates to N10.7 trillion

The Senate on Thursday, approved the 2020 to 2022 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategy Paper (FSP).
Senate President Ahmed Lawan

Senate receives MTEF/FSP report

The Senate on Thursday received the report of its Committee on Finance and National Planning on the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP).
Retired Col. Hameed Ali, Comptroller-General of Nigeria Customs Service (NCS), on Thursday said the closure of Nigeria’s borders by Federal Government was undertaken to strengthen the nation’s security and protect its economic interests.

Hameed Ali: Nigeria Customs revenue increased during border closure

The Comptroller General of the Nigeria Customs Service, Hameed Ali, has said that the agency’s revenue has increased during the closure of Nigeria’s borders.
Buhari Media Organisation (BMO)

BMO lauds President Buhari’s move for inclusive budget with GoEs

President Muhammadu Buhari’s directive that budgets of government owned enterprises (GoEs) are captured in the nation’s annual budget is novel but a most welcome idea.
Senate President Ahmed Lawan

Senate seeks merger of federal government agencies

The Senate Thursday vowed to ensure the merger of some of the over 700 federal agencies in the country believed to be draining the nation’s scarce resources.
President of the Senate, Ahmad Lawan (left) discussing with Senate Minority Whip, Senator Philip Aduda (APC Lagos East), during the plenary on Thursday, 26 September, 2019

Senate refers MTEF/FSP to finance committee

The Senate on Thursday referred the 2020-2022 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) documents to its Committee on Finance.
Senate President Ahmed Lawan

Senate receives MTEF, FSP documents from President Buhari

The Senate on Wednesday announced formally the receipt of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) from President Muhammadu Buhari.

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