We will deepen relationship with the National Assembly. Hope the passage of the budget will be swift so that we can revert to the January to December budget window-Buhari
14:50 PM
The President said MDAs were not allowed to include new projects in their 2020 budget estimate. Provision made for the completion of ongoing projects while those that are not likely to be concluded before the end of the year are rolled over to 2020.
14:48 PM
Salaries of all federal workers must be captured in the Integrated Personnel Payment Information System (IPPIS) before end of October.
All MDAs must seek approval before embarking on new recruitment. Any violation to attract severe penalty – Buhari
14: 44 pm
2020 budget will be based in 7.5 percent VAT increase, while states will take the lion share of VAT collection, says Buhari
14:39 PM
More products to benefit from VAT exemption. They include bread, cereals of all kind, fish, meat, starch, root crops, poultry, milk, natural water, table water – Buhari
14:32 PM
VAT collections below expectations due to low activities. Corporate tax also affected, thereby leading to low revenue collections in 2019 fiscal year – Buhari
14: 24 PM
Capital inflow into Nigeria by end of first quarter of 2019 stands at $14 billion as against $12 billion within the same period in 2018, says Buhari
14:18 PM
Buhari currently presenting 2020 Budget before joint session of the Ninth Assembly
14: 17 PM
Lawan assures that NASS will conclude work on Budget before end of October
Senate President, Senator Ahmed has assured that committees of both chambers of the National Assembly will conclude work on the 2020 budget estimate before the end of October.
Senator Lawan, therefore, directed all Ministers and Heads of MDAs to appear before National Assembly committees to defend their budget promptly before the end of the month.
He said the lawmakers will bring to bear the same commitment with which it passed the Medium Term Expenditure Framework which is a prelude to the budget
14: 16 PM
This is Buhari’s first Budget presentation before the Ninth Senate
14:13 PM
Senate President Ahmad Lawan addresses the sitting
14:03 PM
Buhari arrives NASS for Budget presentation
President Muhammadu Buhari arrives the green chambers of the National Assembly where the joint session of holding to receive the 2020 appropriation bill to chants of Baba oyoyo, Baba oyoyo.
He was accompanied by Cabinet Minister and other political appointees.
The chamber of the House of Representatives is being used by the lawmakers to receive the budget as it is bigger than that of the Senate.
12:56 PM
PHOTOS: Tight security at NASS as Buhari presents 2020 budget
12:53 PM
Tight security at NASS
Security operatives have taken over the National Assembly in preparation for the presentation of the 2020 appropriation bill by President Muhammadu Buhari to a joint seating of the legislature.
As early as 6.00am, security operatives took over all entrance to the National Assembly, turning back all those without a pass.
Workers in and around the National Assembly as well as Journalists without the tag were turned back at the first gate to the Assembly.
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