Tag: 2020 Budget
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FG opens up on performance of year 2020 budget
The federal government (FG) has opened up on the performance of the budget for the year 2020, saying it recorded 89 per cent release to Ministries Departments and Agencies (MDAs). The Minister of Finance, Budget and National Planning, Zainab Ahmed made this known on Monday at an interactive session with the leadership of National Assembly…
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Unspent N4bn in our 2020 budget meant for recruitment – EFCC
The Economic and Financial Crime Commission (EFCC) on Wednesday said that the N4 billion unspent in the 2020 budget was meant for recruitment of staff. TheNewsGuru.com, (TNG) reports the recruitment was stopped due to COVID-19 pandemic that ravaged the entire world at the beginning of the year. Mr Mohammed Umar, the Acting chairman of the…
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Buhari opens up on provision for fuel subsidy in revised 2020 budget
President Muhammadu Buhari has said there is no provision for fuel subsidy in the revised 2020 budget. He said this is simply because the federal government cannot afford it, if reasonable provisions must be made for health, education and other social services. Buhari made this known in his address at the first year ministerial performance…
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NASS members resume on Thursday to consider revised 2020 budget
The National Assembly members will tomorrow (Thursday) resume from their Eid-el-Fitri break to consider President Muhammadu Buhari’s Appropriation (Amendment) Bill 2020. Both Chambers of the National Assembly had on May 20 adjourned plenary till 2 June 2020. But on Tuesday, the Clerk of the National Assembly, Mohammed Sani-Omolori, in a statement in Abuja, said all…
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Lagos reduces 2020 budget size by 21%
Lagos State Executive Council has approved a reduction of the State’s 2020 Budget to N920.5 billion to help mitigate the economic and social headwinds precipitated by the coronavirus pandemic on the State. According to the State’s Commissioner for Economic Planning and Budget, Mr. Sam Egube, the review proposal aims to reduce the Budget to N920.5…
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FG slashes 2020 budget by N71.5b, approves N47.9b for projects
The Federal Executive Council (FEC) has approved a revision of the 2020 Budget from N10.594 trillion to N10.523 trillion, reflecting a N71.5billion downward review. Minister of Finance Budget and National Planning, Mrs Zainab Ahmed, who stated this while briefing State House correspondents after the virtual FEC meeting at the State House yesterday, also said an…
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NFF to revise 2020 budget, cut down on competitions to attend
The Executive Committee of Nigeria Football Federation (NFF) on Friday met via video conferencing to deliberate on important issues in Nigerian football, according to a statement from the football body. The NFF Executive Committee, according to the meeting’s eight-point communique, resolved that the Federation should revise its budget for the year, among other stringent measures.…
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COVID-19 Pandemic: Sokoto waives fees on water supply, reduces 2020 Budget by 25%
The Sokoto State Government has cut its 2020 financial appropriations from N202 billion to 153 billion and waived fees on water supply to the residents for two months to cushion the effects of the Coronavirus pandemic. The Commissioner for Finance, Alhaji Abdussamad Dasuki, who made the disclosure on Friday, said the decisions were reached at…
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COVID-19: Lagos mulls re-ordering of 2020 Budget
The Lagos State Government has reeled out strategies being put in place to cushion the effects of COVID-19 as the pandemic takes its toll on the economy and residents across the State. Speaking at an Inter-ministerial Briefing to update the media about palliatives by the government, the Commissioner for Economic Planning and Budget, Mr. Sam…