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...

2022 Budget Speech By President Buhari Budget of Economic Growth and Sustainability Delivered By: His Excellency, President Muhammadu Buhari President, Federal Republic of Nigeria At the Joint Session of the National Assembly, Abuja Thursday, October 7, 2021 PROTOCOLS 1. It is my great pleasure to be here once again to present the...

FEC, N/Assembly Approve N16.39trn Proposed 2022 Budget     The Federal Executive Council (FEC) and the National Assembly have approved President Muhammadu Buhari’s revised 2022-2024 Medium Term Expenditure Framework of N16.39 trillion. The government will also borrow N6.258tr to fund the proposed budget deficit. President Buhari will be presenting...

House Of Reps Receives MTEF Report           The House of Representatives on Wednesday recieved the report of its Committee on Finance on the Medium Term Expenditure Framework and Fiscal Strategy Paper(MTEF) for 2022 to 2024. The MTEF/FSP is the template on which the annual budget preparation is...

Buhari Writes Senate, Seeks Amendments To PIA           President Muhammadu Buhari has asked the Senate to amend certain provisions of the controversial Petroleum Industry Act. The joint National Assembly committees that worked on the PIB had proposed a five per cent equity share for the development of...

Ogun State Govt Introduces VAT Bill, Scales First, Second Reading At Assembly             Ogun State has introduced the Value Added Tax Bill, 2021 at the State House of Assembly in the wake of the raging controversy over the administration of VAT between the Federal Inland Revenue...