y the downward review of the national budget.
The minister stated that “the $57 crude oil price benchmark approved in the 2020 budget is no longer sustainable.” The minister further explained that the Federal Government’s aggregate expenditure budget was slashed by N88.412bn; statutory transfers from N560.47bn to N397.87bn; and overhead costs of ministries, departments and agencies from N302.43bn to N240.91bn.On provision of N500bn for COVID-19 Intervention Fund, the minister explained that N263.63bn would be sourced from the Federal Government’s special accounts; N186.
In his remarks, Gbajabiamila called on the Federal Government to adopt a feasible benchmark in the proposed amendment to the 2020 budget.
Source: Loan Digest (loandigest.net)
Let's use the budget to service loan, pls
Billions here & there...
Let's keep on borrowing.
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Hmmmmm, penny wise, pounds foolish. Very ridiculous.
MS UMAR SADIYA FAROUQ THE MINISTER OF HUMANITARIAN AFFAIRS AND DISASTER MANAGEMENT MUST BE PROBE AND RESIGN. SHE IS BUSY EMBEZZLING NPOWER VOLUNTEERS MONEY AND OTHER PUBLIC FUNDS
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