Nigerian President Muhammadu Buhari signs 2021 budget into law

Nigeria’s President Muhammadu Buhari has signed the 2021 budget into law. The signing was done at the presidential villa in Abuja on Thursday and confirmed on the official Twitter handle of the presidency. The signing of the budget comes exactly ten days after both chambers of the National Assembly passed the ₦13.6 trillion budget for… Read More Nigerian President Muhammadu Buhari signs 2021 budget into law

Federal Government to sell National Theatre, other national assets to finance 2018-2020 budget

The Federal government has concluded plans to sell the Tafawa Balewa Square, the National Arts Theatre and some selected power plants under the National Integrated Power Projects NIPP. The purpose of the proposed sale of some of the national assets is to generate sufficient revenue to finance the the 2018 to 2020 budgets. The Director… Read More Federal Government to sell National Theatre, other national assets to finance 2018-2020 budget

Sale of assets to generate $16.4billion for budget augmentation

The Federal Government plans to generate up to $16.4 billion through asset sales in the next four years to reduce the burden on the nation’s budget. A document obtained by Bloomberg from the Ministry of National Planning, which outlines the country’s plans for economic recovery from 2017 to 2020, revealed that the sales was to… Read More Sale of assets to generate $16.4billion for budget augmentation