What Ike Ekweremadu said about 2020 budget
19 October 2019 |
10:33 am
What Ike Ekweremadu said about 2020 budget
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The National Assembly on Thursday, approved 16 recommendations contained in the report of the National Assembly joint committee on Finance and National Planning, on the 2020-2022 Medium Term Expenditure Framework and Fiscal Strategy Paper.
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The Senate today, has adjourned plenary session until the 5th of November.
The Senate upon resumption of a two weeks break which was to enable committees to hold budget defence with the various Ministries, Departments and Agencies, (MDAs).
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Nigeria’s Senate has passed the record N10.59 trillion 2020 budget. The budget passed by Nigeria's parliament assumes a deficit of 1.52 per cent of the estimated Gross domestic product (GDP) – representing about N2.18 trillion to be financed through foreign and domestic borrowing. Chamberlain Peterside, CEO of Xcellon Capital Advisors joins CNBC Africa to unpack the budget.
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