BREAKING: Senate Passes 2020 Budget

The Senate on Thursday passed the 2020 appropriation bill (budget). In passing the budget, the lawmakers increased the total sum from 10.330,416,607 to 10.594,362,364. The Senate also increased the benchmark price of crude from 55$ to 57$, however, the exchange rate at N305 to 1$ was retained. President of the Senate, Ahmad Lawan had announced on Wednesday that the 2020 Appropriation bill before the parliament will be passed today the 5th of December. He informed lawmakers at plenary shortly after the Public Procurement Act 2007 amendment bills were passed, which he believes, will complement the 2020 budget. According to Lawan,

By |December 5th, 2019|Categories: News|Tags: , |0 Comments

Buhari imposes travel ban on ministers, head of agencies pending budget defence

President Muhammadu Buhari on Friday barred all ministers and heads of federal agencies from travelling abroad pending their defence of the 2020 budget before the National Assembly. A statement issued in Abuja by Mr Willie Bassey, Director Information, Office of Secretary to the Government of the Federation, said the order was with immediate effect. “The suspension of such travels will enable functionaries and agencies of the Executive Arm to provide the required cooperation with the Legislature in order to ensure timely passage of the Appropriation Bill,” the statement said. It however said that ministers who had already secured approval to

By |October 11th, 2019|Categories: News|Tags: , |0 Comments

2020 budget will take us out of Sodom and safely land us in Gomorrah — Shehu Sani

Senator Shehu Sani, a former lawmaker representing Kaduna Central senatorial district, has lambasted the 2020 appropriation bill presented to a joint session of the National Assembly by President Muhammadu Buhari on Tuesday. The President presented N10.7trillion for the year 2020 budget estimates. Buhari also said that N125 billion was allocated to the National Assembly, while N110 billion was allocated to the Judiciary. But reacting in a tweet on Wednesday to the submission of the budget, Sani said “The Budget will take Nigeria out of Sodom and safely land in Gomorrah.” Recall that Starnews had reported on Wednesday that the

By |October 11th, 2019|Categories: News|Tags: , |0 Comments
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