Kano North
National Assembly raises 2021 budget by N580 billion, approves N13.588 trillion
The two chambers of the National Assembly yesterday passed the 2021 Appropriation Bill, increasing the budget size from N13.08 trillion presented to them by President Muhamnadu Buhari 11 weeks ago to N13.588 trillion. The passage of the 2021 budget followed consideration and adoption of harmonised reports separately submitted to them by their Committees on Appropriation. The two chambers increased the 2021 budget by about N580 billion and pegged daily crude oil production at 1.86 million barrels per day, while oil benchmark price was fixed at $40 per barrel. They approved N379 to dollar as the official exchange rate while GDP growth rate was pegged at 3 per cent. Highlights of the report approved by the Senate showed aggregate expenditure to be N13,588,027,886,175, statutory transfer of N4...
Minister, others shun senate over 2020 budget performance
Minister of Finance, Budget and National Planning, Zainab Ahmed, Thursday shunned the Senate when summoned to brief lawmakers of 2020 Budget Performance. The Minister’s refusal to appear before the Senator Barau Jibrin, All Progressives Congress, APC, Kano North led Senate Committee on Appropriations was the second time in two weeks. Also invited but shunned the meeting with the Senate were the Accountant-General of the Federation, Idris Ahmed, and the Director-General of the Budget Office, Ben Akabueze. Briefing Journalists in Abuja Thursday, the Chairman of the Senate Committee on Appropriations, Senator Jibrin expressed disappointment at the absence of Nigeria’s key economic and budget planners at the crucial meeting. The Senator who noted that the meeting was originally scheduled to ho...
