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FG Spent N3.3trn In Six Months, Minister Says

FG Spent N3.3trn In Six Months, Minister Says     The Federal Government has spent the sum of N3.39tn within the first six months of this year to finance the 2019 budget. She gave the indication in Abuja on Monday during a public presentation of the 2020 budget,...

DMO Offers Multiple Bonds At 11% And 12% Interest Rates

DMO Offers Multiple Bonds At 11% And 12% Interest Rates     As part of capital raising for the 2019 Budget, the Debt Management Office (DMO) is offering two and three years savings bonds for the month of September at 11 percent and 12 percent interest rates...

FG Will Roll 60% 2019 Budget Into 2020 Fiscal Year

FG Will Roll 60% 2019 Budget Into 2020 Fiscal Year The Minister of Labour and Employment, Dr Chris Ngige, on Thursday said that lack of aggressive implementation of the 2019 budget meant that 60 per cent of the budget had to be rolled into the...

How Campaign Against Waste Saved N46b In 2019 Budget

How Campaign Against Waste Saved N46b In 2019 Budget A joint campaign against wasteful and frivolous items and appropriations that have become routine in the national budget, led by Centre for Social Justice (CSJ), succeeded in eliminating up to N45.93 billion, out of the N74.18...

FG To Borrow More To Close N102.8bn Funding Gap For 2019 Budget

FG To Borrow More To Close N102.8bn Funding Gap For 2019 Budget The Federal Government may increase the level of borrowing this year to address the N102.8bn funding gap that has been created as a result of the National Assembly’s tinkering with the 2019 budget. The...

2019 Budget Unsupportive Of Economic Growth, Experts Say

2019 Budget Unsupportive Of Economic Growth, Experts Say   As Nigerians continue to relish last week’s passage of the 2019 Appropriation Bill into law by the Senate, some financial analysts have said the budget may not support the growth of economy as expected. The Senate had passed...