President Muhammadu Buhari may present the 2019 Appropriation Bill to the National Assembly later this month, Correspondent has learnt. Our correspondent learnt on Sunday that work on the fiscal document had reached an advanced stage with the conclusion of defence by Ministries, Departments and Agencies on Saturday. It was further learnt that what was left […]
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The Federal Executive Council, FEC, on Wednesday approved the 2019-2021 Medium Term Expenditure Framework, MTEF, and Fiscal Strategic Paper, FSP now to be sent to the National Assembly for its consideration and approval. FEC also approved a budget proposal of ₦8.73 trillion for the 2019 fiscal year which is about N400 billion lower than that […]
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The House of Representatives on Tuesday fixed November 28 to begin the debate on the 2018 budget. The debate will last till Thursday. The Deputy Speaker of the House, Mr. Yussuff Lasun, who gave the dates during plenary in Abuja, said on December 4, a public hearing would be held on the budget to gather […]
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In line with the Economic Recovery and Growth Plan (ERGP) and Medium Term Expenditure Framework (MTEF), Nigeria’s government has articulated and identified 10 key prioritized projects set to double productivity and improve access to export markets in a sustainable manner. Minister of Agriculture and Rural Development, Chief Audu Ogbeh, who disclosed this at Nigeria’s Agricultural […]
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The Nigerian Federal Government, yesterday, approved a $45 per barrel oil price budget benchmark and predicated oil production at 2.3 million barrels per day for 2018. Minister of Budget and National Planning, Mr. Udo Udoma, said the approval is contained in the 2018-2020 Medium Term Expenditure Framework (MTEF) and the Fiscal Strategic Paper (FSP) with […]
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The Federal Executive Council (FEC) presided over by Acting President, Yemi Osinbajo, has approved plans to issue $3 billion (about ₦900 billion) worth of bonds to refinance maturing government treasury bills. The plan, which will soon go to the National Assembly for approval is meant to cut cost and extend debts maturity as well as […]
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Acting Chairman, Fiscal Responsibility Commission, (FRC,), Mr Victor Muruakor has said that the Federal Government’s revenue projections contained in the 2018-2020 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) are feasible and achievable. Speaking to newsmen on Tuesday in Abuja, the FRC chair said the projections were in line with the realities on […]
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The Senate and the House of Representatives yesterday continued their Executive bashing. The Senate threw out President Muhammadu Buhari’s 2017 to 2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). It described the fiscal document which is a prelude to the presentation of the 2017 budget as “completely empty”, not worthy of its […]
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