FG’s personnel and pension costs to increase by 58.7% in 2025 due to minimum wage hike
The Federal Government projects a sharp rise in personnel and pension costs in 2025, attributed to the implementation of the ...
Tag: Medium Term Expenditure Framework
Fuel and electricity subsidy payment to increase Nigeria’s budget deficit in 2024 – IMF
The International Monetary Fund (IMF) has stated that Nigeria’s budget deficit would increase beyond the projected figure for 2024 due ...
Senate approves daily crude production of 1.69 million for 2023, passes Medium Term Expenditure Framework (MTEF)
Zainab Ahmed says the federal government’s 2023 budget proposal is N19.76 trillion, with a deficit of N11.3 trillion.
Explained: Why Nigeria is not yet broke
We explain why Nigeria is not broke.
New economic plan incorporates aspects of the National Poverty Reduction with Growth Strategy – Buhari
President Muhammadu Buhari has said that the Federal government's new economic plan incorporates aspects of the National Poverty Reduction with ...
Senate orders all MDAs to remit 100% of IGR to Consolidated Revenue Fund
The Nigerian Senate has called on all Federal Government funded Ministries, Departments and Agencies (MDAs) to remit 100% of the ...
National Assembly approves Federal Government’s plan to borrow $11 billion in 2021
FG's plan to borrow as much as $11billion to fund next year's expenditure has been approved by the Senate.
President submits 2021-2023 MTEF to National Assembly
Media reports quoted that the proposal for 2021 targets Non-debt recurrent expenditure of N5.75tn.
FEC approves N727 billion budget increment
The additional N727 billion included into the N10.2 trillion MTEF proposal by the National Assembly has been approved by the ...
FG, States, LGs allocation to drop by N2.01 trillion in 2020
Federal Government, the allocation of the three tiers of government from the federation account would drop by N2.01 trillion.
