The Federal Government on Thursday proposed a smaller budget size of N8.6tn for the 2019 fiscal year in contrast to N9.1tn for 2018. It also projected a total revenue of N7.9tn as well as reductions in both borrowing and deficit financing, according to details of the 2019-2021 Medium Term Expenditure Framework/Fiscal Strategy Paper unveiled in […]Read More
The Federal Executive Council on Wednesday Endorses the issuance of $2.9bn and other securities in Euro bond from the international capital market. The Minister of Finance, Zainab Ahmed, disclosed this to State House correspondents at the end of the weekly meeting of the council presided over by President Muhammadu Buhari at the Presidential Villa, Abuja. […]Read More
Four hundred and sixty billion naira has been released for the 2018 budget, the Minister of Budget and National Planning, Udoma Udo Udoma, has disclosed. A statement by Mr. Paul Ella Abechi, the Special Adviser on Media and Communications to the Minister of Finance, Hajia Zainab Ahmed, quoted her to have confirmed that in Egypt. […]Read More
The leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has faulted the N11.5 billion infrastructure vote cut in the 2018 budget by the National Assembly. The oil workers argued that the action portends a negative socio-economic impact on national and regional road projects like the Lagos-Ibadan expressway, the second Niger Bridge, […]Read More
The presidency yesterday explained that today’s Federal Executive Council (FEC) meeting was cancelled because the Eid-el-Fitr holidays of last Friday and Monday affected the preparation of council memoranda. Giving the explanation in an abrupt statement, the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, added that President Muhammadu Buhari would today […]Read More
…Targets N897bn Revenue …Assents Consolidated Transport Sector, Teaching Service Commission Bills Lagos State Governor, Mr Akinwunmi Ambode on Monday signed the 2018 Appropriation Bill of the State into law with a total budget size of N1,046,121,181,680.00. The total budget size comprises of N347, 038, 938, 872.00 to be funded from the Consolidated Revenue Fund, and […]Read More
© 2020, LTV. All rights reserved