Peter Obi has taken to social media to ask what exactly is wrong with Nigerians. In a post shared on his X handle, the presidential candidate of the Labour party in the 2023 presidential election said it is hard for him to understand some of the recent happenings
The bulk of the expenditure went on miscellaneous expenses like entertainment, wedding rings and the likes. CNBC also reports that the security at the wedding was a totally different expenditure which cost about $40.1 Million.
In the reviewed bill, the government slashed the recurrent expenditure from N76.5 billion to N66.9 billion, while the capital expenditure was also reduced from N76.6 billion to N61.8 billion.
where options have typically been to, operate a deficit budget by borrowing to fund the gap, selling of some government assets and operate a balanced budget by matching expenditure to the available finances''.
"The aggregate expenditure is estimated at N26.01tn for the 2024 budget, which includes statutory transfers of N1.3tn non-debt recurrent expenditure of N10.26tn.
The fiscal document which was signed into law then by Acting President Yemi Osinbajo on June 12, 2017 had a total expenditure of N7.44tn out of which N2.99tn was for non-debt recurrent spending, N2.36tn for capital expenditure while debt servicing
On the forthcoming budget presentation by President Muhammadu Buhari, Namdas said the House would first of all pass the 2018-2020 Medium Term Expenditure Framework (MTEF), before considering the bill to pave way for the consideration of the
"ASUU believes that if the leakages in the management of the country's resources are stopped, there will be more than enough to meet the nation's revenue and expenditure targets without borrowing and plunging the country into a debt crisis as