Budget Passing

The Senate has postponed the passage of the 2023 budget until Wednesday, December 28th, 2022. The lawmakers also postponed the passage of the Finance Bill till December 28th. Senate President Ahmad Lawan made these announcements during plenary on Thursday. He explained that the Senate is postponing the budget passage because of some challenges in receiving the […]

The Senate has passed a 2022 budget of N17.126 trillion against N16.391 trillion naira as presented by the president. The sum of N3.8 trillion is for debt service, N6.9 trillion recurrent non-debt expenditure while N5.4 trillion is for capital expenditure. The Senate increased the benchmark price of crude from 57 to 62 dollars per barrel, […]

The Senate has shifted the date for the passage of the 2022 budget until next Tuesday, December 21. Senate President, Ahmad Lawan announced this during the plenary on Wednesday. The upper chamber had said it would pass the 2022 budget on Wednesday, but it appears the delay in capturing the financial requirements of the Independent […]

The Federal Government on Wednesday announced plans to finance the proposed 2022 budget deficit pegged at N6.258 trillion through fresh borrowings. Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed this during a press conference after the Federal Executive Council (FEC) meeting in Abuja, adding that this will aid the funding of the Federal […]

President Muhammadu Buhari will present the 2022 Appropriation Bill to a joint session of the Senate and House of Representatives on Thursday. The Deputy President of the Senate, Ovie Omo-Agege, disclosed this on Tuesday in the Senate Chamber of the National Assembly in Abuja. He made the announcement while presiding over the plenary as the […]

The Senate on Wednesday deferred the passage of the 2021 budget till Monday next week. Senate President Ahmad Lawan who disclosed this at plenary, said the development followed new items of expenditure transmitted to the National Assembly by the Executive.   He said that the Committee on Finance will work through the weekend to capture […]

President Muhammadu Buhari will be presenting the 2021 Budget to the National Assembly today. The exercise is billed to hold at 11:00 am and is only expected to last for about an hour. Senate President Ahmed Lawan announced this on Wednesday while giving conditions to guide the budget presentation. He said because of the COVID-19, […]

President Buhari has written to the National Assembly informing lawmakers that he will be presenting the 2021 budget at a joint sitting on Thursday, October 8, 2020, by 11 am. In a letter read by Senate President Ahmed Lawan on Tuesday at the resumption of plenary, President Buhari is requesting the audience of lawmakers in […]

President of the Senate, Ahmad Lawan, on Tuesday, urged the Executive arm of Government to work on the estimates for the 2021 budget to ensure its timely presentation to the National Assembly by the end of September this year. Lawan stated this in his remarks after referring President Muhammadu Buhari’s 2021 – 2023 Medium Term […]

There are indications that President Muhammadu Buhari may assent to the N10.6 trillion 2020 budget sent to him by the National Assembly. The signing ceremony, according to sources, may take place on Tuesday at the Presidential Villa in Abuja, the nation’s capital. This comes less than two weeks after members of the Senate and House […]