• 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

Senate to pass 2020 budget on November 28, breaks eleven-year jinx

Fakoyejo Olalekan by Fakoyejo Olalekan
November 13, 2019
in Budget, Business News, Politics
Stamp duty, Senate to probe PPPRA over non-remittance, blame systemic corruption for bad roads, Senate invites Bigi and Pepsi manufacturers, as stiff competition continues , Senate orders investigation of banks over withholding tax remittances
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Senate has disclosed the time they hope to pass 2020 Budget, as all the committees concerned are through with their defence sessions. The budget would be passed earlier than the 2019 Budget which was passed four months into this year.

Though the National Assembly has a history of passing budget late, according to a statement by Senate President, Ahmed Lawan, the budget will be passed by November 28, 2019, a Punch report stated.

President Muhammadu Buhari presented the 2020 Budget to the Senate in October 2019. The 2020 budget was set at N10.33 trillion before the Senate increased it to N10.7 trillion after approving the Federal Government’s request to borrow N1.5 trillion.

RelatedStories

Valentine's day business ideas

Businesses that will profit from today’s Valentine’s Day celebrations

February 14, 2023
Ahmed Lawan

Yobe North: Senate president loses again as Appeal Court affirms Machina as APC senatorial candidate

November 28, 2022

Senate urges FG to diversify from crude oil to natural gas production , Senate seeks textile importation ban 

Why the early passage? Lawan stated that since all the budget committees rounded off their work early, the only task left is for the Appropriation Committee to produce the complete report by November 26, 2019.

He added that he hoped the members of the House of Representatives would follow in the steps of the Senate to ensure the passage of the 2020 appropriation bill by the end of November.

[READ MORE: Senate seeks textile importation ban]

“All the committees have done their works so well within the defined parameters. Therefore, we expect the appropriation committee to galvanise into action.

“They should produce the report to be laid here on the 26th of November, which is the next two weeks, before the Senate.

 “I believe this will be the same thing in our sister chamber, the House of Representatives so that we would be able to pass the 2020 appropriation bill on the 28th of November.”

Senate to break 11-year jinx: The last time the Senate passed a budget before January was in 2008. But in recent years, the Senate has gradually reduced the timeframe. The passage of the 2017 and 2018 budget took six months each, while the 2019 budget was passed five months after President Buhari presented the appropriation bill in December 2018.

Now the Senate has announced that it plans to pass the 2020 Budget one month after it was presented by President Buhari.

A trend on the rise? The increase in the 2020 budget by the National Assembly appears to have now become a trend as the National Assembly also increased the 2019 budget before the final approval. As published on Nairametrics, the 2019 budget was raised from N8.906 trillion to N8.916 ‎trillion.


Follow us for Breaking News and Market Intelligence.
Tags: 2020 budgetAhmed LawanOn the MoneyThe Nigerian Senate
Fakoyejo Olalekan

Fakoyejo Olalekan

Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ). In the era of media convergence, Olalekan is a valuable asset, with ability to curate and broadcast news. His zeal to write was developed out of passion to shape people’s thought and opinion; serving as a guideline for their daily lives. Contact for tips: fakoyejo.olalekan@nairametrics.com.

Related Posts

Valentine's day business ideas
Financial Literacy

Businesses that will profit from today’s Valentine’s Day celebrations

February 14, 2023
Ahmed Lawan
Politics

Yobe North: Senate president loses again as Appeal Court affirms Machina as APC senatorial candidate

November 28, 2022
Nigeria’s Minister of Finance, Zainab-Ahmed
Budget

Senate summons finance minister over N206 billion increased humanitarian budget

November 22, 2022
Despite erratic power supply, Senate introduces bill to stop use of generators in Nigeria, Senate considers petrol subsidy removal and naira devaluation,Senate considers petrol subsidy removal, naira devaluation,Nigerian Senate to review investment laws in supporting Nigeria’s capital market
Business News

2023 Budget to be passed in December – Senate

October 12, 2022
How to grow your customer base, keep your business in demand (Part 1) 
Financial Literacy

How to grow your customer base, keep your business in demand (Part 1) 

October 10, 2022
From reading to vending: The story of Chike Nwafor who makes a decent living from peddling books 
Business

From reading to vending: The story of Chike Nwafor who makes a decent living from peddling books 

October 2, 2022
Next Post
Nigerians react as finance expert rates home ownership a bad investment

Nigerians react as finance expert rates home ownership a bad investment

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

  • Gold Market: May 2025 overview and June 2025 outlook
  • AI-driven ID fraud surges in Africa as traditional scams decline – Report   
  • Latest Israel-Iran attacks could trigger fuel price increase in Nigeria – Analysts warn 

Follow us on social media:

Recent News

Gold Market: May 2025 overview and June 2025 outlook

Gold Market: May 2025 overview and June 2025 outlook

June 13, 2025
Banking Fraud

AI-driven ID fraud surges in Africa as traditional scams decline – Report   

June 13, 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