FG To Finance 2019 Budget Deficit With New Taxes, Concessions   The Federal Government plans to finance Nigeria’s N1.859tn budget deficit in 2019 by introducing new taxes and adopting a concessionary financing system under its privatisation programme. The government also stated that the projected deficit, at 1.33...

Again, MTEF Suffers Another Setback In 2019 Budget   The passage of the 2019-2021 Medium-Term Expenditure Framework and Fiscal Strategy Paper suffered another setback at the House of Representatives as the presentation of the committee’s report on it was stood down till another legislative day. The presentation...

FG Allays Concerns About Oil Price Volatility In 2019 Budget Notwithstanding the volatility recorded by crude oil price since December last year, the federal government has reiterated that there was no cause for alarm about the benchmark price for crude oil in the 2019 Appropriation...

2019 Budget Not Likely To Meet Target - ICAN Boss   The President, Institute of Chartered Accountants of Nigeria (ICAN), Alhaji Rasaq Jaiyeola, has said that the recently unveiled federal budget for the 2019 fiscal year is likely not going to meet its target. Jaiyeola, who spoke...

Budget: Delayed Passage Threatens Foreign Investment - NECA   The Nigeria Employers’ Consultative Association has decried the recurring delay in the passage of the national budget, saying this does not help economic growth and threatens foreign direct investment. This was contained in a statement made available to...

Fiscal Discipline: Only 22 States Have Presented 2019 Budgets Only 22 states have presented 2019 budgets …to spend N273bn higher than 2018 As at December 23, 2018, a data analysis by Daily Trust has revealed that only 22 states of the federation have so far presented their...