Tag: 2020 Budget

2023 Budget: FG plans N1.25 trillion war chest against BHaram, terrorists

Aminu Imam

The Federal Government has allocated N1.35 trillion to fund the on-going anti-insurgency war in the country, as the fight against insecurity continues. This was included in the N20.51 trillion 2023 Budget plan that President Muhammadu Buhari presented to the National Assembly on Friday. The Budget estimates revealed that the Ministry of Defence and the Armed Forces had been allotted more than N1.248 trillion to fight Boko Haram, bandits, and other anti-insurgency campaigns in the 2023 Appropriation Bill. Out of this amount, labour expenses would consume almost N1 trillion; overhead costs will…

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Senate passes N13.082 trillion 2021 Budget

Aminu Imam

ؠExtends 2020 Budget by one quarter ؠPasses N453.2 bn NDDC 2020 budget The Nigerian Senate has agreed to pass the Appropriation Bill of N13.588 trillion for the 2021 Budget, which is N505 billion higher than the proposed N13.082 trillion President Muhammadu Buhari presented to the Senate in October. This was disclosed by the Nigerian Senate, in a statement during plenary session yesterday. Senator Barau Jibrin moved that the Senate receive and consider the report of the Committee on Appropriations of the 2021 Appropriation Bill, which was seconded by Senator Stella…

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Gov. Bello presents N151.2bn budget to Niger Assembly

Abdul-Azeez Ahmed Kadir

Governor Abubakar Bello of Niger on Thursday presented a budget of N151.2 billion for the 2021 fiscal year to the State House of Assembly. The budget christened Budget of Reality was presented by the Deputy Governor, Alhaji Ahmed Ketso, on behalf of the executive arm. The budget was 2.71 per cent lower than the N155. 4 billion for the current year. A breakdown of the budget shows that N72. 5billion (47. 94 per cent) was allocated to recurrent expenditure, while N78. 7 billion (52.06 per cent) was earmarked for capital…

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Senate passes 2020 budget for second reading

Ishaku Yohanna

The Senate, Thursday, passed for second reading the N13.08trillion 2021 budget estimates presented to the joint session of the National Assembly for approval by President Muhamnadu Buhari last week Thursday. This is as the joint committees on Appropriation from both chambers fixed December 3, 2020 for final passage of the budget estimates. In meeting up with the time, the Senate while passing the budget for second reading, warned all heads of Ministries, Departments and Agencies (MDAs), not to exceed November 6, 2020 for defence of budgetary  allocations proposed for their…

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President Buhari signs revised N10.8trn 2020 Budget into law

Ishaku Yohanna

President Muhammadu Buhari has signed the revised 2020 budget into law. According to Tolu Ogunlesi, his Special Assistant on Digital/New Media, the President signed the revised budget into law around 11:04am on Friday. He also assured that Ministries, Department and Agencies will be given 15 percent of their capital allocation by the end of July. Nigeria had to revise its budget estimates and assumptions after a drop in crude oil prices and the COVID-19 pandemic affected global supply chains. Zainab Ahmed, the Minister of Finance, Budget and National Planning, told…

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