Sad! Why million more Nigerians will be poor in 2020

debt profile

  As global economy contracts by 5.2% The year 2020, being the turn of another decade, was expected to bring many fortunes due to individuals’ personal resolve to make the twin year worth everything. Little was it known that what the year has in stock were in sharp contrast with the high hope of businesses to grow their bottom line; aspirations of organizations to expand their influence and individuals’ dream to record landmark achievements. The Coronavirus pandemic had heralded an era of dashed hopes and despondency as the fallout of…

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Senate passes N10.8trn revised 2020 budget

Economy, Budget, 2020, Senate,

The Nigerian Senate, on Thursday, passed the Appropriation Act (Amendment) Bill, approving a budget of N10.805 trillion for the 2020 fiscal year, after consideration of a report by its Committee on Appropriations. Recall that the country’s House of Representatives had on Wednesday passed a revised 10.8 trillion budget, raising the revised spending plan of President Muhammadu Buhari by N296 billion late last month, basing oil prices at $28 per barrel up from the expected oil price by $3 per barrel. Of the sum of N10,805,544,664,642 to be issued from the…

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