Tag: BUDGET

FG plans N13.98tr budget for 2022 – Finance Minister

Aminu Imam

…To spend N900bn on subsidy in 2022 The Federal Government has projected to spend N13.98 trillion in the 2022 fiscal year. The Minister of Finance Budget and National Planning, Zainab Ahmed, made this disclosure yesterday, during the presentation of the Medium Term Expenditure Framework/Fiscal Strategy Paper for 2022-2024, in Abuja. She also disclosed that the Federal Government will slash capital expenditure to N3.61 trillion in 2022, from the N4.37 trillion approved for 2021; the figure is N758 billion lower than the N4.37 trillion spent on capital expenditure this year. The…

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Senate assures farmers in northwest of increased security budget

Abdul-Azeez Ahmed Kadir

Senate Committee on Nigerian Army, has lauded the military over its commitment in ensuring restoration of farming activities in the northwest, and pledged increased security budget to effectively tackle challenges. The Committee leader, Senator Ali Ndume, made the commendation during an oversight visit to the 8th Division of the Nigerian Army, Sokoto. Ndume described the current budgetary allocation to the Nigerian Army as grossly inadequate, considering the huge security challenges bedeviling the country. He said the military was always on the warfront executing different operations, aimed at safeguarding the country…

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