President MBuhari To Sign N10.8trn Amended Budget Into Law On Friday | Sahara Reporters Ahmed said the move was targeted at keeping with the December-January budget circle. READ MORE:
Zainab Ahmed, Nigeria’s Minister of Finance, Budget and National Planning, has said President Muhammadu Buhari will sign the revised 2020 budget into law on Friday.
Ahmed while giving an update on the 2020 budget implementation between January and May 2020, stated that the Federal Government’s retained revenue was N1.48trn, an amount representing 56 per cent of government’s target. On Expenditure performance for the same period , she disclosed that N1.25trn was expended for debt service; and N1.32trn for personnel cost, including pensions.
She stated that the Oil Price Benchmark for the 2021 fiscal year was pegged at $35; and $40 for 2022 and 2023, respectively.
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