#mtef

FIRS targets N10.1trn revenue in 2022- Nami

The Federal Inland Revenue Service (FIRS) has projected generating N10.1 trillion revenue for the 2022 financial year, according to its chairman, Muhammad Nami. Mr Nami stated this when he appeared before the House of Representatives Committee on Finance on Wednesday, in Abuja, at a public hearing by the committee on the 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper…

MDAs yet to remit over N1.7trn operating surplus, says Muruako

Mustapha

Urges more corporations enrolment into fiscal responsibility schedule The Fiscal Responsibility Commission (FRC), is worried about non-remittance of over N1.7 trillion operating surpluses into the Consolidated Revenue Fund (CRF) by some agencies in line with the Fiscal Responsibility Act (FRA) of 2007.

Describing the development as unfortunate, the Commission noted that despite the…

2020 Budget: Senate increases oil price benchmark to $28

The Senate on Tuesday increased the 25 dollars per barrel oil price benchmark proposed by the executive in the revised Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) forwarded to it for approval. The upper chamber made the increase on the oil price benchmark to 28 Dollars.

The resolution was sequel to the consideration and adoption of report of its Committee on Finance…

2018 budget: Osinbajo, ministers, perm secs hold retreat on ERGP implementation

Acting President Yemi Osinbajo, members of the Federal Executive Council alongside Permanent Secretaries and heads of Ministries, Departments and Agencies held a retreat at the State House Conference Center, Abuja.

The retreat was the implementation of the Economic Recovery and Growth plan (ERGP) and the 2018 budget preparation process with the theme “Building Synergy For Effective ERPG…

Budget Minister Consults National Assembly On 2017 – 2020 MTEF

Minister of Budget and National Planning, Senator Udoma Udo Udoma, on Tuesday evening continued consultations on the draft 2018 – 2020 Medium Term Expenditure Framework (MTEF) with a session with the leadership and heads of relevant committees of the National Assembly.

The meeting which is in keeping with the determination of the Executive to carry the National Assembly along on critical matters…