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2020 BUDGET
The House of Reps has called on the FG to ensure the implementation of capital projects contained in the 2020 budget.
Nigeria should be mindful that demand does not necessarily translate to sales at the headline futures contract price. The market is still recovering from the super-contango it faced a month ago.
FG intends financing the N5.36 trillion budget deficit through domestic, foreign loans and proceeds from privatisations.
The Nigerian Economic Summit Group said the Government needs to develop some short-term reforms and take actions to reduce the impact of the Coronavirus pandemic on the Nigerian economy.
The Federal Government has slashed the 2020 budget by N318 billion and sent to the National Assembly.
FG, in response to the economic woes caused by COVID-19, has announced that it has cut its revenue target from privatisation by 50%.
Mrs. Zainab Ahmed disclosed that the Federal Government has plans to reduce N1.5trn from the N10.59trn 2020 Appropriation Act.
The Presidential Economic Advisory Council has warned that Nigeria could slip into another recession following the impact of coronavirus on global economy.
The Nigerian Senate has expressed its willingness to consider the removal of subsidy on petrol and devaluation of the Naira.
Why did Nigeria get a “Keke Marwa” when she wanted a car? Well, Nigeria never planned for a car; she just had a vision for a car.
Driven by fears of naira being weakened at the fallout in last week's plunge in oil price, foreign portfolios investors ramped up their exit from the fixed income market.
With oil prices falling amid concerns over a price war between Russia and Saudi Arabia, and the coronavirus outbreak obliterating stock markets, Nigeria is in a fragile position.