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FG Committed N1.80Trn To Capital Projects In 2020 Fiscal Year – Ahmed

The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Tuesday said that the Federal Government spent a total of N1.80 trillion on capital projects in the 2020 fiscal year, The Minister, who made this disclosure on during the public presentation of the 2021 approved budget at the virtual presentation said the amount spent […]

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Accurate, Timely Data Key To Nigeria’s Economic Growth – Statistician General

Nigeria’s efforts towards achieving broad-based and cross-sectoral development on sustainable basis will not translate to remarkable success unless adequate commitment is given to accurate and timely statistical data production covering all facets of national development, the Statistician General of the Federation, Dr. Yemi Kale, has stressed. Dr Kale, who made this remark at the opening […]

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Kwara Targets 21,623 Traders For Interest-Free Loans

Kwara State Government on Tuesday announced that about 21,623 petty traders in the state would benefit from the state’s interest free micro-finance loans under the Kwara State Social Investment Programme (KWASSIP). To ensure that the loans get to the beneficiaries promptly, the state governor, Alhaji AbdulRahman AbdulRazaq had approved the immediate disbursement. The Chief Press […]

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Revenue: Lagos Records 81% Revenue Performance In H1 2020

The Lagos State Government on Thursday reported that 81 per cent of its projected revenue for the first half of 2020, totaling N432.6 billion, was recorded in spite the scourge of COVID-19 pandemic on economic activities. The Commissioner for Budget and Economic Planning, Mr. Sam Egube, disclosed this at the 2019/2020 Annual Press Conference Week […]

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Revenue Constraints Hamper Attainment Of ERGP Targets – CDD

The Centre for Democracy and Development (CDD), one of Nigeria’s leading civil advocacy group on good governance, has identified revenue shortfalls as one of the constraints that undermined the Federal Government’s efforts to meet the broad economic development targets as outlined it the Economic Recovery and Growth Plan (ERGP). The civil society group made this […]

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Senate Raises Budget 2020 Proposal By N727Bn

The Senate today passed the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) submitted to it by President Muhammadu Buhari last week, raising the 2020 budgetary proposal by N727 billion and the oil benchmark by $2 per barrel. The approval was sequel to the presentation and consideration of the Senate Committee on Finance […]

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BudgIT Asks FG To Publish Beneficiaries Of N1.4tn Fuel Subsidy

BudgIT, a frontline civil society group committed to public finance transparency in the country, has charged that Federal Government to publicise the real beneficiaries of the yearly N1.4 trillion subsidy payments with a view to ensuring that the expenditures judiciously utilized. The civil society organization lamented that despite the startling disclosures by the Minister of […]