The Minister of Finance, Budget and National Planning, Zainab Ahmed, had last week passed the request of President Muhammadu Buhari to the National Assembly for the extension of the capital implementation of the 2020 Budget till March 2021.
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The approval for extension was at the heel of a request to the National Assembly by the Minister of Finance, Budget and National Planning, Zainab Ahmed, to that effect, which necessitated the speedy consideration and passage of the 2020 Appropriation Act (Amendment) Bill, 2020 introduced on the floor during plenary on Wednesday.
The resolution was made following a voice vote conducted by the Speaker of the House, Mudashiru Obasa, during plenary in Ikeja on Tuesday.
Buhari had last week requested for $5.513 billion loan to finance the 2020 Budget.
The Senate’s decision was sequel to the report of the Senate Committee on Finance, chaired by Senator Solomon Olamilekan Adeola, mandated to work on the revised MTEF/FSP documents by the Executive, which was presented on the floor.
The Kwara State Government on Friday held a stakeholders’ meeting with various civil society organisations on budget processes and implementation as part of the ongoing review of the 2020 appropriation law to cope with the global economic crisis.
Due to the urgency of budget, both Chamber ignored their procedures of official acknowledgement f communications from the Presidency in their Hallowed Chambers before any consideration or deliberation at the committee level.
The Ekiti State Government on Saturday announced a reduction in its 2020 Budget from N124.5 billion to N91.128 billion in accordance with the current economic realities due to the Coronavirus pandemic.
The Federal Executive Council, presided over by President Muhammadu Buhari, on Wednesday in Abuja approved the amendment of the Medium Term Expenditure Framework of 2020 to 2022 as well as amendment to the 2020 budget.
The Nigeria Football Federation has started the review of its budget for the year in line with the realities posed by the Coronavirus pandemic, which has grounded economic and sporting activities, including football, to a halt across the globe.
The Ekiti State Executive Council on Thursday approved a downward review of the state’s 2020 Budget in the face of dwindling revenue occasioned by the fall in global oil prices and the raging COVID-19 pandemic.
Zainab Ahmed, the Minister of Finance, Budget and National Planning, says the Federal Government would prioritise its expenditures to favour major capital expenditures with greater impact in the 2020 budget.
President Muhammadu Buhari on Monday constituted a committee to assess the impact of the Corona virus outbreak on Nigeria’s economy with a view to cut down the size of the 2020 budget and reduce the $57 oil benchmark.
The budget, which was tagged: “Budget of Reflection and Progress,” was aimed at ensuring continuation of the restoration agenda and policies of the administration.
The State Commissioner for Science and Technology, Alhaji Bilyaminu Shinkafi, told newsmen on Thursday in Gusau that the fund would be used for total renovation and expansion of science and technical schools across the state.
The state Commissioner of Religious Affairs, Sheikh Tukur Jangebe, disclosed this while defending the 2020 budget proposal of his ministry at the state House of Assembly in Gusau on Tuesday.
Lagos State Governor, Babajide Sanwo-Olu, on Tuesday signed the 2020 Appropriation Bill of N1.168 trillion into law.
The News Agency of Nigeria reports that the budget was increased from N130.66 billion to N130.82 billion by Gombe State House of Assembly, reflecting an increase of N160 million.
The Speaker of the Assembly, Alhaji Ibrahim Balarabe-Abdullahi, announced the passage of the 2020 budget during plenary on Monday in Lafia.
Performing the function at the Executive Council chambers, Government House, Abakaliki on Friday, the Governor explained that the main focus of the Budget was on Infrastructure, Education and Economic Empowerment.