A top source in the National Assembly shared a copy of the revised 2020 budget on Wednesday, noting that a meeting was ongoing between the leadership of the National Assembly and the Minister of Finance, Zainab Ahmed, and the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari.
Part of the documents showed that there is a 20 per cent cut on capital projects across ministries, departments and agencies to the tune of N312,820,542,675. The budget review became necessary following reduced revenue and oil prices as a result of the COVID-19 pandemic,Meanwhile, the World Trade Organization said Wednesday it expects world trade to tumble by between 13 and 32 percent this year.
WTO chief Roberto Azevedo warned the world is facing the “deepest economic recession or downturn of our lives.”In mid-March, Moody’s ratings agency said it expected moderate recessions of around two percent this year in the United States and 2.2 percent for the eurozone. Since then, most of Europe has followed Italy and Spain into lockdown, as has much of the United States, slamming the brakes on both production and consumption.
That's your generation wahala
Naira will be devalued again
Mehhnn y'all need to stop playing with us
Wait this buhar gf no get another pics ne...make una change am abeg😀
We want to see these FG's face to face
It is well. Let me hold my peace on this...
Enough of all this..
Eeyah, see wetin Coro has caused
Who dat One help !
In d end na d part wen go affect d masses them go slash from.
Ya'll mad fg 😏😏
They'll still slash more
This country is the biggest comedy show ever known to man. Chai
A 20% cut on capital expenditure and no mention of recurrent.. For a developing nation, this is sad
I think the entire budget needs redesigning with more emphasis on food, drugs and medical equipment.
Slash or not they remain nothing but criminals to every Nigerians because they would still find a way to loot fund and misuse the public fund this is not what Nigerians want to hear
Una just Dey do anything una like
All these people self.... Una nor de tire to they tell lies..
Zainabu ole
Hmmmmmm
We've been expecting to hear this, since we don't have reserve that can push us to the greater part of the year, and the oil price has dropped, what if there is war....what would have been our faith
Speechless
There's Problem in this country 😡
The slash will be used to Revonate AGF office
Let them send the slashed part into my destiny na, me too am a human being na🙄
Slash or no slash, they are all criminals.
Chai
Thief them
for who dem do am?
For who
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