Budget: Power, Finance Projects Get Lion’s Shares Of N1.16trn Loans   The Ministry of Finance, Budget and National Planning will get the lion’s share, in terms of projects costs, of the N1.16tn multilateral and bilateral loans that the Federal Government is planning to get to part...

Buhari Proposes N16.3trn Budget For 2022   President Muhammadu Buhari has presented N16.39 trillion as the 2022 budget proposal before a joint session of the National Assembly. The oil benchmark for the 2022 appropriation is $57 per barrel, while the exchange rate is N410.5 per dollar in...

MDAs Must Generate N1trn Annually To Fund Budget - Lawan   Senate President Ahmad Lawan, yesterday, said the National Assembly would henceforth mount more pressure on revenue-generating agencies to ensure that they remit N1trillion yearly to enable the Federal Government fund its budget. Lawan stated this after...

'Ministry To Spend 70% Budget On East-West Road'         The Permanent Secretary of the Ministry of Niger Delta Affairs, Dr Babayo Ado, has disclosed that the Federal Government is working to ensure the completion of the East-West Road. He said the ministry would spend 70 per cent...

Oil Rally Pushes Nigeria’s Revenue Above Budget Estimate       The upturn in the price of the international oil benchmark, Brent crude, has pushed Nigeria’s oil revenue above the estimate in the 2021 budget. Brent, against which the country’s crude oil is priced, has been trading more than...

National Assembly Passes N13.58trn Budget For 2021         The National Assembly, Monday passed the 2021 Appropriation Bill to the tune of N13, 588, 027,886, 175 trillion as an aggregate expenditure. The approval was done during an emergency session convened for the purpose of passing the budget. The approved...