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Senate Passes N10.594trn 2020 Budget

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Senate Passes N10.594trn 2020 Budget

The Senate has on Thursday passed N10.594 trillion as the 2020 budget as against the N10.33 trillion proposed by President Muhammadu Buhari October 8.

At a plenary, after consideration of the budget report by the Appropriation Committee, the upper chamber chaired Dr Ahmad Lawan passed 2020 budget.

Senator Barau Jibrin who chaired the Appropriation Committee said the increase of N264 billion in the budget allowed for interventions in critical areas such as national security, road infrastructure mines and steel development, health among others.

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The breakdown of the budget include N560.47 billion for statutory transfers, N4.842 trillion for recurrent expenditure while capital expenditure is voted N2.465 trillion.
Others are N2.725 trillion for debt servicing, N2.28 trillion for fiscal deficit and the nation’s Gross Domestic Product (GDP) standing at 1.52 percent.

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According to NAN, President of the Senate, Ahmad Lawan, thanked his colleagues for their efforts on the budget, saying the success recorded was in conjunction with the House of Representatives.

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The senate president expressed hope that the implementation of the budget would be faster, noting that the National Assembly would do well in its oversight functions to ensure that Nigerians get what they desired from the government.

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Nigerian News

Labour Unions In Niger Reject Salary Cut, To Go Spiritual

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Labour Unions In Niger Reject Salary Cut, To Go Spiritual

Organized civil servants in Niger State have again rejected a state government plan to slash their salaries.

Organized labor unions have opted for a special prayer session to ask for divine intervention in the matter.

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The state government informed workers and state labor unions a week ago of plans to reduce their salaries by thirty percent.  Those of local government employees were cut by 40 per cent because of a shortfall in revenue receipts from the federation account.

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Labour leaders have threatened to go on strike if the state government goes ahead with the plans.

Chairman of the state’s Trade Union Congress, comrade Yakubu Garba, says civil servants in Niger State were not part of the beneficiaries of state’s covid-19 palliatives; so, their salaries should not be slashed.

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Osinbajo Petitions IG, Wants Journalist Investigated Over Alleged Defamatory Publication

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Osinbajo Petitions IG, Wants Journalist Investigated Over Alleged Defamatory Publication

Vice-president Yemi Osinbajo has asked the Inspector General of Police, Mohammed Adamu, to investigate an allegation by the suspended EFCC acting chairman, Ibrahim Magu, that he collected N4 billion from him.

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In a petition to the I.G., the vice-president has accused Jackson Ude, former director of communication to ex-president Goodluck Jonathan, of publishing false claims against his office and personality.

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Osinbajo’s lawyer says if the allegation is proved to be false after investigation, the inspector-general of police should initiate criminal proceedings against Ude.

Vice president Osinbajo has denied the allegation and described it as “baseless.”

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Buhari Signs Revised N10.8trn 2020 Budget Into Law Today

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Buhari signs revised N10.8trn 2020 budget into law today

President Buhari has signed into law, the revised 2020 national budget of nearly eleven trillion naira.

The president says the budget had to be revised because of the effect of coronavirus on the nation’s economy.

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He said ministries, department and agencies will be given 15 per cent of their capital allocation by the end of the month.

Vice-president Yemi Osinbajo, secretary to the government of the federation, Boss Mustapha, chief of staff to the president, Ibrahim Gambari, and the leadership of the national assembly witnessed the signing.

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President Buhari says the timing of the budget is to keep with the January to December budget cycle.

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