Budget 2020: 10 Food Items Exempted From VAT

  The Value Added Tax (VAT) Act in Nigeria exempts pharmaceuticals, educational items, and basic commodities. President muhammadu while presenting the 2020 budget at the National Assembly on Tuesday, stated that VAT exemptions are expanding under the Finance Bill, 2019. He noted specifically that section 46 of the Finance Bill, 2019 expands the exempt items … Continue reading Budget 2020: 10 Food Items Exempted From VAT

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Five Statutory Transfers Within The 2020 Budget

  Within the 2020 budget as proposed and presented by President Muhammdu Buhari to the National Assembly, there are statutory transfers. The statutory transfers of the budgets are appropriations by certain government institutions enabled by law and backed by the constitution to be made by themselves and can not be altered or reviewed by the … Continue reading Five Statutory Transfers Within The 2020 Budget

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17 Key Capital Spending Allocations In The 2020 Budget

  The 2020 budget on Tuesday was presented to the National Assembly by President Muhammadu Buhari.  Below are some of the key capital spending allocations in the 2020 Budget: a. Works and Housing: N262 billion; b. Power: N127 billion; c. Transportation: N123 billion; d. Universal Basic Education Commission: N112 billion; e. Defence: N100 billion; f. … Continue reading 17 Key Capital Spending Allocations In The 2020 Budget

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Nigeria’s Economy Has Experienced Nine Consecutive Quarters Of GDP Growth – Buhari

  President Muhammadu Buhari says the Nigerian economy thus far has recorded nine consecutive quarters of GDP growth. According to the President, the annual growth increased from 0.82 percent in 2017 to 1.93 percent in 2018, and 2.02 percent in the first half of 2019. He disclosed this while presenting the 2020 budget at the … Continue reading Nigeria’s Economy Has Experienced Nine Consecutive Quarters Of GDP Growth – Buhari

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Top Four Priorities Of The 2020 Budget

  President Muhammadu Buhari on Tuesday presented the 2020 budget to the National Assembly.  Here are the top four priorities of the appropriation bill according to President Buhari. A. Fiscal consolidation, to strengthen our macroeconomic environment; B. Investing in critical infrastructure, human capital development and enabling institutions, especially in key job creating sectors; C. Incentivising … Continue reading Top Four Priorities Of The 2020 Budget

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Budget Passage Will Prove Our Accountability To Nigerians, Says Gbajabiamila

The Speaker of the House of Representatives, Mr Femi Gbajabiamila, says the early passage of the 2020 budget will prove that the 9th Assembly is accountable to Nigerians.

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Budget 2020: We Dare Buhari To Make Presidency’s Allocation Public – PDP

  The Peoples Democratic Party (PDP) claims that the N10.7 trillion 2020 budget presented by President Muhammadu Buhari to the National Assembly will further impoverish Nigerians and mortgage the future of the nation. The party in a communique on Tuesday through its spokesman, Kola Ologbondiyan, urged the legislature to redirect the fiscal proposal to serve … Continue reading Budget 2020: We Dare Buhari To Make Presidency’s Allocation Public – PDP

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Atalanta Fined For Dalbert Racist Abuse

Atalanta were fined 10,000 euros ($11,000) by the Italian league on Tuesday for racist abuse by their fans aimed at Fiorentina defender Dalbert during a Serie A match last month. Italian football federation (FIGC) sports judge Gerardo Mastrandrea imposed the fine based on Dalbert’s evidence, adding that the chants had not been “clearly heard” by … Continue reading Atalanta Fined For Dalbert Racist Abuse

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Senate Pushes For Commencement Of Works On Oil And Gas Museum At Oloibiri

  The Nigerian Senate has urged the Federal Government to direct the Petroleum Technology Development Fund and concerned contractors to begin immediate construction of the oil, gas and research centre at Oloibiri in Bayelsa State. This call was made during plenary on Tuesday, October 8. It comes on the heels of a motion by Senator … Continue reading Senate Pushes For Commencement Of Works On Oil And Gas Museum At Oloibiri

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US Restricts Visas To China Officials Over Uighur ‘Repression’

  The United States said Tuesday it would curb visas for Chinese officials over “repression” of Uighurs and other Muslims in the western region of Xinjiang, a day after imposing commercial restrictions. “The United States calls on the People’s Republic of China to immediately end its campaign of repression in Xinjiang,” Secretary of State Mike … Continue reading US Restricts Visas To China Officials Over Uighur ‘Repression’

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