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Sokoto Lawmaker Rolls Out Animal Feed As Constituency Empowerment Material

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A member of the Sokoto State House of Assembly, Honourable Buhari Haliru (PDP-Sokoto North I), on Thursday empowered no fewer than 200 constituents with animal feeds to become self-reliant. Haliru, while flagging-up the distribution at his constituency office, said that the aim is to engage the beneficiaries into small businesses in order to support their living standard. “We are confident that...

BREAKING: Senate Passes N13.5trn 2021 Budget

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The Senate at a special plenary on Monday passed the 2021 budget totalling N13.5trn. The fiscal document is predicated on oil benchmark $40 per barrel, N3.324trn for debt servicing, N4.1trn for capital expenditure, N5.6 trillion for recurrent, N496 bn for statutory transfer. It has an increment of N505bn. The President, Muhammadu Buhari, presented N13.082trn to National Assembly on October 8. Also, the House...

National Assembly To Raise 2021 Budget By N500bn

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The National Assembly is billed to pass the 2021 Appropriation Bill today, raising the total estimated from the proposed N13.08tn to N13,588,027,886,175, an increase of over N500bn. This has been made known in the report by the House of Representatives Committee on Appropriations on the national budget. Both the Senate and the House of Representatives are holding special sessions today mainly...

Food Prices Increasing, Household Incomes Not Steady – NBS

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The National Bureau of Statistics (NBS) says prices of most food items increased in November 2020, while income remains unsteady for many households across Nigeria. According to NBS report, titled: ‘Selected food prices watch (November 2020)’, average prices of one dozen of agric eggs (medium size) increased year-on-year (YoY) by 6.64 per cent and month-on-month (MoM) by 1.42 per cent...

FEC Approves Reopening Of 4 Land Borders

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President Muhammadu Buhari has approved the reopening of four land borders with immediate effect, while others will be reopened subsequently. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed this to State House Correspondents after the week’s virtual Federal Executive Council (FEC) meeting, held in the Council Chambers Aso Rock Presidential Villa, Abuja. According to Ahmed, the borders...

World Bank Approves $1.5billion Loan To Strengthen Nigeria’s Economy

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The World Bank has finally approved Nigeria’s request for a $1.5 billion loan. This was announced in a statement by World Bank on Tuesday noting that the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024. “This Country Partnership Framework will guide our engagement for the next 5 years in supporting the Government of Nigeria’s...

No Plan To Introduce New Taxes In 2021- FG

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The federal government says it has no plan to introduce new taxes or increase current taxes in 2021. Zainab Ahmed, minister of finance, budget and national planning, disclosed this on Friday, at a public hearing organised by the house of representatives committee on finance in Abuja. The minister said rather than increase taxes, it is making efforts to reduce tax burden...

Ikpeazu Delivers Abia 2021 Proposed Budget Of 131 Billion Naira

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Governor Okezie Ikpeazu has just delivered the 2021 Appropriation Bill to the State House of Assembly. The 2021 Appropriation Bill is a total of One Hundred and Thirty-One Billion, Eight Hundred and Fifteen Million, Seven Hundred and Fifty-Three Thousand, Seven Hundred and Twenty Naira only (=N=131,815,753,720.00). Recurrent Expenditure is Sixty Two Billion, Six Hundred and Twenty Four Million, Five Hundred and...

Nigeria Must End Dependence On Crude Oil – Emefiele

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Godwin Emefiele, governor of the Central Bank of Nigeria, says the country must end its dependence on crude oil for revenue and foreign exchange. Emefiele was speaking at the prize presentation ceremony of the 2020 CBN Governor’s Golf Cup tournament on Saturday. NAN reports that he was represented by Edward Adamu, the deputy governor for corporate services. The governor explained that it...

We Can’t Pay Full Salaries To Civil Servants Due To Recession – Govt

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Niger State Government has announced that full salaries will not be paid to workers due to a reduction in its federal allocation. The state government proposed to pay workers 70 per cent of their salaries, a decision which organized labour rejected. Secretary to the Niger State Government, Ahmed Ibrahim Matane, in a statement, noted that the reduction in salaries was not...

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