MTEF

The federal government has said it will spend about N450 billion next year on fuel subsidy. This is despite the commitment by the Nigerian National Petroleum Corporation (NNPC) to rehabilitate the country’s four refineries to stop…

The Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, says under-recovery of Premium Motor Spirit, popularly referred to as fuel subsidy, will gulp N450bn in 2020. She said this on Monday in Abuja, at the public…

The Senate on Thursday referred the 2020-2022 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) documents to its Committee on Finance. The committee chaired by Senator Solomon Olamilekan Adeola (APC, Lagos West)…

President of the Senate, Ahmad Ibrahim Lawan, said on Tuesday that all standing committees of the upper chamber will be inaugurated on Wednesday. Lawan, who made this known at the resumption of the plenary session of the Senate,…

 The Minister of Finance, Zainab Ahmed said Wednesday that the Federal Executive Council (FEC) has approved the increase of value added tax (VAT) from the current 5 percent to 7.2 percent and to be implementable on the amendment of the…

The Federal Government will propose to the National Assembly about N9.79 trillion as total expenditure in the 2020 budget, the Minister of Finance, Budget and National Planning, Zainab Ahmed, has said. Mrs Ahmed announced this on Tuesday…

By UMORU ABDULKADIR. Federal government's plan to divert the economy from oil dependent seems to yielding fruits as non-oil sector's contributions to the nation's Gross Domestic Product (GDP) has risen to 90.9 per cent in first…

The Senate on Tuesday, passed the 2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The MTEF and FSP are documents that provide the framework of designing a budget as enshrined in section 11 (3)of the Fiscal…

The Nigerian National Petroleum Corporation (NNPC) has said that the Oil Industry would achieve the 2.3million barrel per day production volume-target for the 2019 budget, assuring that measures have been in place to attain the set mark.…

KEHINDE AKINTOLA, Abuja Members of the House of Representatives on Tuesday unanimously resolved to adjourn plenary session to 2nd April, 2019 to enable various Standing Committees to engage Ministers and Chief Executive of Ministries,…