Nigeria: NASS Passes 2021 Budget, Jerks Up Figure By N505bn allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
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Published 21 December 2020
THE rollout by the Bureau of Public Enterprises of a timeline of activities to manage federal Public-Private Partnership projects serves as a reminder of the despairingly long pause in the national privatisation programme. Featuring engagements with Ministries, Departments and Agencies, financial institutions and advisors, managers and investors, the two-year-long timeline aims to draw in partners to jointly deliver the much-needed infrastructure projects through PPP arrangements. But the pace is too leisurely. The President, Major-General Muhammadu Buhari (retd.), needs to unfetter the economy by reviving and accelerating the privatisation and liberalisation schedule.
Buhari, among other failings, in over five years in office, has not registered any major privatisation or concession of state-owned enterprises despite inheriting an enabling law and a long-running programme. The economy has suffered for it, held back by an overb
Vanguard News
National Assembly Passes N13.58trn budget for 2021
On Jerks it by N505 billion Benchmark Price of Crude Oil pegged at $40USD Per Barrel; Crude Oil Production at 1.86mbpd; Exchange Rate at N379/US$; and Gross Domestic Production (GDP) Growth Rate at 3.00 percent. 2020 budget: N’Assembly won’t approve another extension request, says Lawan Adjourns plenary till 26th January, 2021
By Henry Umoru & Levinus Nwabughiogu
The National Assembly, Monday passed the 2021 Appropriation Bill to the tune of N13, 588, 027,886, 175 trillion as an aggregate expenditure.
The approval was done during an emergency session convened for the purpose of passing the budget.
The approved budget figure by the National Assembly comprises total Capital Supplementation of N1,060,751,051,650 and total Capital Expenditure of N4,125,149,354,222, Statutory Transfer stands at N496,528,471,273; recurrent Expenditure of N5,641,970,060,680 and Gross Domestic Product, GDP growth rat
Daily Post Nigeria
Published
The Federal Government has approved the commencement of Ibom Deep Seaport in Akwa Ibom State.
The Commissioner for Information and Strategy, Comrade Ini EmemObong, who disclosed this in a press statement on Thursday, said the approval was given during the Federal Executive Council meeting held in Abuja on Wednesday.
He said the approval came following the vigorous push by the Udom Emmanuel-led administration for the actualization of the vision, adding that the approval signalled the full commencement of business in the port.
He thanked the President, Muhammadu Buhari and the vice president, Prof Yemi Osinbajo, as well as other relevant authorities and persons who saw to the realisation of the project.
Vanguard News
Gov Emmanuel secures final approval for Ibom Deep Seaport
On
… construction to kickstart immediately
Governor Udom Emmanuel of Akwa Ibom State has fulfilled a key part of his campaign promise to ensure the completion of the Ibom Deep Seaport project before the end of his administration as evidenced by the securing of the final approval for commencement of the project.
Approval of the Full Business Case of the project by the Federal Executive Council on Wednesday signalled the completion of series of approvals for the prime A¹ project which has outlasted two previous administrations until this cheery news today.