Nigerian Govt Proposes U.S.$27 Billion Budget for 2020
The proposed 2020 budget is lower compared to the 2019 budget of U.S.$29 billion. Finance Minister Zainab Ahmed has disclosed that the 2020 budget is predicated on certain key assumptions, including oil production of 2.18 million barrels per day, a benchmark oil price of U.S.$55 per barrel, an exchange rate of N305 per dollar, and a projected revenue of N7.6 trillion.
(file photo).
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Nigeria:
Nigerian Govt to Deduct N614bn Bailout Loans From States' September Allocations
Premium Times, 10 September 2019
The federal government will in the next two weeks begin the deduction of the N614 billion Budget Support Facility it gave to 35 sates, the Minister of Finance, Budget and National… Read more »
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Nigeria:
Govt Proposes U.S.$27 Billion Budget for 2020
Premium Times, 10 September 2019
The Federal Government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget, the Minister of Finance, Budget and National Planning,… Read more »
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Nigeria:
Buhari Submits 2020 Budget Month-End
This Day, 5 September 2019
Barring any hitch, President Muhammadu Buhari will present the 2020 Appropriation bill to the National Assembly by month-end. Read more »
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Nigeria:
60% of 2019 Budget to Be Rolled Into 2020 - Minister
Premium Times, 23 August 2019
The Minister of Labour and Employment, Chris Ngige, Thursday said less than half of the 2019 budget will be implemented this year. Read more »
InFocus
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The National Assembly had passed the budget into law after increasing its size from U.S.$25 billion after boosting expenditure on security to help the government fight militancy ... Read more »
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The Senate has increased the 2019 budget to U.S.$29 billion after boosting its expenditure on security to help the government combat rising militancy and kidnapping. President ... Read more »