President Buhari

Sep

2020

0 Comments

JUST IN: FEC approves N13.08trn 2021 budget estimate

NewsNigeria, Nigeria Budget, President Buhari

The Federal Executive Council has approved a budget estimate of N13.08trn for the 2021 fiscal year. The fiscal document was approved at a meeting of the council on Wednesday presided over by the President, Muhammadu Buhari. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this to State House correspondents at the end of the meeting. The minister said the budget proposal is predicated on N379 per dollar exchange rate; oil benchmark of $40 barrel per day; and oil production volume of 1.86 million per day.

Sep

2020

0 Comments

By Thewhisperer

Ahead of governorship poll, President Buhari seeks approval for #7bn refund to Ondo State

NewsNational Assembly, Ondo State election, President Buhari

With less than two weeks to the governorship election in Ondo State, President Muhammadu Buhari has asked the National Assembly to approve the refund of N148 billion to Ondo, Bayelsa, Cross River, Osun and Rivers States for federal road projects the five states executed. The president made this known in a letter on Tuesday sent to the speaker of the House of Representatives, Femi Gbajabiamila, and read on the floor of the house. From the breakdown, Ondo State, where the governorship election will hold next week, is to receive N7 billion. The Senate had last year approved N10 billion to…