Budget: Fed Govt To Spend N12.657trn In 2021
The federal government is to spend the sum of N12. 658 trillion in 2021, going by the 2021 budget which is being prepared by the Federal Ministry of Finance.
According to the Budget Call Circular referenced HMFBNP/2000/EXP/S.800/1/3/35 by...
$70 Oil Price Required To Sustain Budget – Fed Govt
The Minister of State for Petroleum Resources, Timipre Sylva, has said the country needs an oil price of $70 per barrel and a production of two million barrels per day to sustain its budget.
Sylva said...
Senate Okays N168.8bn Budget For FIRS
The Senate, on Wednesday, approved N168.8 billion budget for the Federal Inland Revenue Service (FIRS) for the 2020 fiscal year.
The upper chamber also approved a one-off N100bn special-purpose intervention fund for the agency’s key capital projects.
Specifically, the fund is...
Why Budget Increased Despite Dropping Revenues – Presidency
The Senior Special Assistant to the President on National Assembly Matters (House of Representatives), Umar El-Yakub, has said the decision of the Presidency to increase the budget despite drop in revenue was meant to mitigate the impact...
Lawmakers Approve N168.809bn Budget For FIRS
The House of Representatives has approved the sum of N168.809 billion for the Federal Inland Revenue Service for the 2020 fiscal year.
This followed the receipt and adoption of a report by the House Committee on Finance during plenary on...
Oil Revenue May Drop Further To 25% Of Budget
With Nigeria’s revenue from oil and gas dropping by N425.52billion in the first quarter (Q1) of 2020 to N940.91billion, according to the Minister of Finance, Budget and National Planning, Zainab Ahmed, operators have noted revenue from...
