FG To Spend N2.45trn On Debt Servicing In 2020   The Federal Government plans to devote N2.45trn (about 24.5 per cent) of its N10.002trn 2020 budget estimates on debt servicing, according to the Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to the National...

Budget: Buhari Seeks NASS Approval For $2.78bn Euro Bonds   President Muhammadu Buhari has requested a National Assembly resolution to raise 2.78 billion dollars from the International Capital Market for part-funding of the 2018 budget. Buhari’s request came in a letter dated July 23, and read by...

Zainab Ahmed Resumes as Supervising Finance Minister ….vows to work for Nigeria’s economic stability The Supervising Minister of Finance, Hajiya Zainab Ahmed, has vowed to work assiduously to ensure that the country attains greater economic stability. The Minister stated this on Monday after she assumed duties in...

$1.3bn Abuja Light Rail Debuts President Muhammdu Buhari on Thursday commissioned the $1.3bn first Abuja Light Rail system in demonstration of the commitment to address dearth of critical infrastructure. Buhari said at the commissioning that the project was borne out of the ideal of the Change...

External Debt Grew By 114% Under Buhari   The Federal Government and the 36 states of the federation as well as the Federal Capital Territory grew the country’s external loan commitments from $10.32bn in June 2015 to $22.07bn in March 2018, investigation has shown. This reflects an...

N13.1bn ministries’ projects removed from 2018 budget About 132 projects valued at N13.16bn were removed from the 2018 budget proposals submitted by President Muhammadu Buhari to the National Assembly. An analysis of the budget document conducted by the Budget Office of the Federation showed that 13...