FG Still Consulting On Revised Budget — Finance Minister   The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday met with the leaders of some key committees of the National Assembly to get their input for the revised 2020 budget. The budget is still...

Lagos Govt Cuts 2020 Budget By 21% To N920.5bn     The Lagos State government has revised downwards by 21 per cent its year 2020 Budget, the Commissioner for Economic Planning and Budget, Sam Egube, has said. Egube, who stated this yesterday at press briefing with his Information...

FG Adjusts 2020 Budget To N10.52trn, Adopts $25 Oil Benchmark   The Federal Government on Wednesday adjusted the 2020 budget downward from the original N10.59tn to N10.52tn. The budget deficit is in excess of N5.3tn. The approval was made in Abuja by the Federal Executive Council meeting...

N850bn Loan Will Enhance 2020 Budget Fiscal Efficiency, Says DMO   The Debt Management Office (DMO) has said that the N850 billion loan approved by the Senate on Tuesday is not a new borrowing but a mere fiscal step of converting external borrowing to domestic alternative...

Kwara State Govt To Review 2020 Budget     The Kwara State government at the weekend disclosed that it will soon constitute a committee to review its 2020 budget in view of the current economic realities occasioned by the COVID-19 pandemic. The State Governor, Alhaji Abdulrahman Abdulrasaq, dropped...

Budget: FG Slashes Oil Benchmark To $30 Per Barrel   The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57 to $30 per barrel. The Minister of Finance, Zainab Ahmed, announced this after a meeting between the...