• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy Budget

FG to roll over 60% of 2019 budget

Bamidele Samuel Adesoji by Bamidele Samuel Adesoji
August 23, 2019
in Budget, Business News, Politics, Spotlight
FG signs N8.91 trillion 2019 Budget into law
Share on FacebookShare on TwitterShare on Linkedin

The Federal Government (FG) has disclosed that 60% (N5.35 trillion) of the 2019 Budget would be rolled over to the 2020 Budget due to slow implementation. 

The Minister of Labour and Employment, Dr Chris Ngige, reportedly disclosed this on Thursday at his inaugural meeting with representatives of various departments and agencies of the ministry after his reappointment by President Muhammadu Buhari. 

[READ MORE: FG, States, LGs shared N769.5 billion allocation in July]

RelatedStories

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 

May 16, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June

FAAC: FG, States, LGs share lower February revenue of N1.678 trillion 

March 22, 2025
FG New Minimum Wage, Egypt megaproject, German Chancellor Angela Merkel, President Buhari and Angela Merkel meeting, President Buhari to sign deal with Siemens, Siemens
President Muhammadu Buhari

Partial implementation: According to a statement credited to Ngige, the 2019 Budget lacks aggressive implementation, and this means that 60% of the budget would be rolled into the 2020 Budget.

Ngige said, “The 2019 budget has not been aggressively executed and 60% of it will have to be rolled into the 2020 budget. We knew this during the presidential retreat that was organised for ministers-designate at the Presidential Villa.” 

The 2020 Budget: Ngige added that all ministries had begun to prepare their 2020 budgets after the assurance from the National Assembly that if budget is submitted in September, it will be returned in December for implementation.  

“We have been told to submit our budget to the National Assembly in September so that we can get it back by December. Senate President Ahmed Lawan is a man of his words that we can work with. 

“There is budget padding because parastatals invited NASS members (during its planning) and this must stop henceforth. Any parastatal that does that will be sanctioned. We must live according to our means. Once the budget stays too long at the NASS, it will be difficult for the executive arm to execute it because it will suspect that the figures had been tampered with.” 

The Bottomline: The slow budget approval and implementation which has characterised the current administration of President Buhari is a recurring decimal and this largely affects the economy. 

Apparently, the change in the cycle of Nigeria’s annual budget has been a source of concern, as this largely affects national projects. Analysts have called for the reversal of the January to December budget.  

Meanwhile, the President recently gave a directive to all ministries to submit their respective 2020 budgets in order to restart the January-December budget cycle to aid full implementation.  

[READ ALSO: Electricity: Nigerians to pay more as FG introduces new tariff]

 


Follow us for Breaking News and Market Intelligence.
Tags: Chris NgigeFGNigeria's 2019 budgetOn the Money
Bamidele Samuel Adesoji

Bamidele Samuel Adesoji

Samuel is an Analyst with over 5 years experience. Connect with him via his twitter handle

Related Posts

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 
Corporate deals

FG, Borno sign MoU for takeover and transformation of National Orthopaedic Hospital, Azare 

May 16, 2025
FG, States and LGAs share N1.35 trillion as FAAC allocation in June
Economy

FAAC: FG, States, LGs share lower February revenue of N1.678 trillion 

March 22, 2025
FG, ICPC sign MoU to strengthen transparency, accountability in health sector
Health

FG, ICPC sign MoU to strengthen transparency, accountability in health sector

March 17, 2025
David Umahi,
Real Estate and Construction

FG, China Exim Bank disagree on number of Lanes for Akwanga-Gombe Road 

February 24, 2025
FG, ILO launch National Child Labour Website and reporting app to combat child exploitation in Nigeria 
Sectors

FG, ILO launch National Child Labour Website and reporting app to combat child exploitation in Nigeria 

February 14, 2025
NERC adopts new tariff tool for mini-grid regulation  
Energy

FG transfers electricity market regulatory oversight in Lagos to LASERC 

December 19, 2024
Next Post
Mele Kyari, NNPC, NNPC spends estimated N33.60/litre on petrol subsidy, NNPC vows to be transparent, set to publish details of petroleum product supplies , OML 119: NNPC record 14 bids for development of oil well, This NNPC initiative aims to solve the problem of tanker explosions , Fluctuations of oil price threatening Nigerian content development — NNPC , Lagos pipeline leak contains water, not petrol- NNPC, NNPC gives condition for relocation of tank farms and depots from residential areas , NNPC to cultivate 2,675 hectares of cassava for Ethanol production, Key performance highlights of NNPC for 2019 FY

FG sets target for revamping of ailing refineries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Bamboo opens remittance app to send funds to 15 African countries and virtual USD cards
  • LemFi acquires fintech pillar to launch Credit Cards for immigrants
  • SystemSpecs: The giant powering Africa’s digital future 

Follow us on social media:

Recent News

Bamboo opens remittance app to send funds to 15 African countries and virtual USD cards

Bamboo opens remittance app to send funds to 15 African countries and virtual USD cards

June 16, 2025
LemFi acquires fintech pillar to launch Credit Cards for immigrants

LemFi acquires fintech pillar to launch Credit Cards for immigrants

June 16, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics