Nigeria has recorded zero collection in luxury taxes for the second year running.
The federal government is proposing to cut the nation’s basic healthcare funding by 43% from its original 2020 budget to N25.6 billion.
Minister of State for Petroleum, Timipre Sylva said the Organization of OPEC and non-OPEC countries would meet over production cut.
FG has announced plans to review the 2020 budget as oil revenue comes under severe pressure following the impact of the coronavirus on oil price.
As global crude oil prices continue to decline, there are growing concerns that the development could negatively affect the Nigerian Government's economic plans.
the nation is targeting a tighter fiscal plan for the economy by projecting a budget of N8.6 trillion in the next fiscal year -2019.
By 2050, about 152 million Nigerians will be extremely poor.