Budget news today nigeria

Here are some recent budget news from Nigeria:

2022 Budget:

• The Nigerian government has presented a N16.39 trillion budget for 2022, with a focus on infrastructure development, agriculture, and human capital development. (Source: Vanguard)
• The budget has a deficit of N6.31 trillion, which will be financed through domestic and foreign borrowing. (Source: Punch)
• The government has proposed a 15% increase in the allocation to the Ministry of Education, from N1.45 trillion in 2021 to N1.67 trillion in 2022. (Source: ThisDay)

2021 Budget Performance:

• The Nigerian government has reported a 98.4% implementation of the 2021 budget, with a total expenditure of N13.56 trillion. (Source: Premium Times)
• The government has also reported a revenue shortfall of N1.35 trillion, which was attributed to the impact of the COVID-19 pandemic on the economy. (Source: The Nation)

State Budgets:

• The Lagos State government has presented a N1.17 trillion budget for 2022, with a focus on infrastructure development, education, and healthcare. (Source: ThisDay)
• The Ogun State government has presented a N333.3 billion budget for 2022, with a focus on infrastructure development, agriculture, and human capital development. (Source: Vanguard)

Budget Deficit:

• The Nigerian government has reported a budget deficit of N4.42 trillion in the first half of 2021, which was attributed to the impact of the COVID-19 pandemic on the economy. (Source: Punch)
• The government has also reported that the deficit is expected to increase to N6.31 trillion in 2022, due to the planned increase in expenditure and the expected decline in revenue. (Source: The Nation)

Budget Implementation Challenges:

• The Nigerian government has reported challenges in implementing the 2021 budget, including delays in the release of funds and the impact of the COVID-19 pandemic on the economy. (Source: Premium Times)
• The government has also reported that the implementation of the budget has been hindered by the lack of transparency and accountability in the management of public funds. (Source: Vanguard)

I hope this information is helpful.