The Federal Government has projected an aggregate expenditure of N11.86 trillion for 2021. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this while virtually presenting 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) held on Friday. Ahmed said the aggregate projected revenue from available sources for 2021 would be N6.98 trillion while the fiscal deficit was expected to be N5.16 trillion. “The 2021-2023 MTEF&FSP is the pre budget statement...

President Muhammadu Buhari will on Friday sign into law the revised 2020 budget passed by the National Assembly in June. The Personal Assistant on New Media to the President, Bashr Ahmad, confirmed this on his twitter handle in Abuja on Thursday. The News Agency of Nigeria (NAN) reports that the two chambers of the National Assembly, Senate and House of Representatives, had on June 10 and June 11 respectively passed the revised 2020 budget of N10,805,544,664,642....

The Minister of Finance, Budget and Planning, Mrs. Zainab Ahmed, has said the challenges posed by the COVID-19 pandemic and the drop in the oil price at the international market has made it inevitable for Nigeria to keep borrowing from external bodies. The minister adds that Nigeria has been grappling with low revenue before the global health and economic challenges, saying that the challenges has put the country in a difficult situation. She says it...