Discover and read the best of Twitter Threads about #2019Budget
Most recents (7)
10 Things We Learnt About #2020BudgetNG
1. Can Nigeria double its revenue in two years? Total revenue projections of N8.15tn are overly optimistic.
FG is projecting N8.15trillion for the total revenue. As of June 2019, the revenue performance for #2019Budget is about 58% ...
1. Can Nigeria double its revenue in two years? Total revenue projections of N8.15tn are overly optimistic.
FG is projecting N8.15trillion for the total revenue. As of June 2019, the revenue performance for #2019Budget is about 58% ...
This is due to the underperformance of both oil and non-oil revenue sources. Oil revenues were below target by 49% as at June 2019. FG has only realised N2.04tn as of June 2019.
#BudgITExplains #2020BudgetNG
#BudgITExplains #2020BudgetNG
2. Apart from oil and non-oil revenue targets, FG sets one-off revenue targets and does not meet them.
According to the 2020 proposed budget, FG projects about N3.7tn as other revenue. We realised that FG uses “other revenues” to pad the revenue numbers...
According to the 2020 proposed budget, FG projects about N3.7tn as other revenue. We realised that FG uses “other revenues” to pad the revenue numbers...
As signed by Pres. @MBuhari, the Nigerian govt plans to spend N8.92 TRILLION in 2019, of which N2.14tn goes into DEBT servicing.
Where will this money come from?
Where's it going to?
What are the priority sectors & projects?
Here's everything you MUST know about #2019Budget.
Where will this money come from?
Where's it going to?
What are the priority sectors & projects?
Here's everything you MUST know about #2019Budget.
#2019Budget: Where Will The Money Come From?
Oil Revenue: N3.69tn
Non-Oil Revenue: N3.31tn
IMPORTANT NOTE:
The projection has marginally stepped up from N6.97tn (as formally proposed) to N7trn. How feasible is this?
FG's total revenue as at Q3 of 2018 was N2.8tn.
Oil Revenue: N3.69tn
Non-Oil Revenue: N3.31tn
IMPORTANT NOTE:
The projection has marginally stepped up from N6.97tn (as formally proposed) to N7trn. How feasible is this?
FG's total revenue as at Q3 of 2018 was N2.8tn.
#2019Budget: Where Will The Money Go To?
More than N500 billion is already shared among below institutions and commissions as "statutory transfers."
From @nassnigeria to the Judiciary down to @inecnigeria etc, these bodies spend billions that no one reviews.
#AskQuestions
More than N500 billion is already shared among below institutions and commissions as "statutory transfers."
From @nassnigeria to the Judiciary down to @inecnigeria etc, these bodies spend billions that no one reviews.
#AskQuestions
#2019Budget
N26m budgeted for @MBuhari’s Newspapers & N3m for magazines.
Buhari is going to spend N81,460 per day on newspapers & magazines!
Imagine what that N29m can do 4 those 11 million+ people that lost their jobs in Buhari’s first term.
Nigeria is a failed country!!!😓
N26m budgeted for @MBuhari’s Newspapers & N3m for magazines.
Buhari is going to spend N81,460 per day on newspapers & magazines!
Imagine what that N29m can do 4 those 11 million+ people that lost their jobs in Buhari’s first term.
Nigeria is a failed country!!!😓
N8,5m budgeted for Books for @MBuhari.... for the same head that failed WAEC? 🤷♀️🤷♀️🤷♀️
N567 m to purchase vehicles!!! Why is the state house replacing vehicles yearly? 😓
NASS budget ballooned from N23.3 billion to N125 BILLION btw 2003 & 2019.
On a yearly basis, 50% of this money is spent on stationery, computers, cars etc – ALL FOR SALE below.
Surely there's a cartel within NASS mgt. Who'll probe this?
#OpenNASS
thenationonlineng.net/shock-as-nass-…
On a yearly basis, 50% of this money is spent on stationery, computers, cars etc – ALL FOR SALE below.
Surely there's a cartel within NASS mgt. Who'll probe this?
#OpenNASS
thenationonlineng.net/shock-as-nass-…
.@TheNationNews:
NASS mgt is disposing off office equipment to outgoing members of @NGRSenate & @HouseNGR at rock bottom prices.
"Payment for the equipment...will be deducted from the severance package of the beneficiaries."
Severance package= N23.678 billion in #2019Budget 🙆♂️
NASS mgt is disposing off office equipment to outgoing members of @NGRSenate & @HouseNGR at rock bottom prices.
"Payment for the equipment...will be deducted from the severance package of the beneficiaries."
Severance package= N23.678 billion in #2019Budget 🙆♂️
.@TheNationNews:
Some non-returning legislators were seen on Friday moving such office equipment into waiting trucks and Sport Utility Vehicles.
Some of the lawmakers gave the acquired items to their aides & supporters. Others sell theirs to willing buyers within NASS complex.
Some non-returning legislators were seen on Friday moving such office equipment into waiting trucks and Sport Utility Vehicles.
Some of the lawmakers gave the acquired items to their aides & supporters. Others sell theirs to willing buyers within NASS complex.
The federal government plans to spend N8.83 trillion in 2019.
What’s the revenue projection?
How much is capital/recurrent expenditure?
How much are we spending on DEBT SERVICING?
Which sectors get major capital allocations?
Here’s the full breakdown of #2019Budget.
THREAD
What’s the revenue projection?
How much is capital/recurrent expenditure?
How much are we spending on DEBT SERVICING?
Which sectors get major capital allocations?
Here’s the full breakdown of #2019Budget.
THREAD
For #2019Budget, FG projected revenue stands at N6.97 trillion. That’s highly ambitious.
NOTE: FG total revenue in 2017 was N2.65 trillion. As at the third quarter of 2018, the total inflow was 2.8trn.
NOTE: FG total revenue in 2017 was N2.65 trillion. As at the third quarter of 2018, the total inflow was 2.8trn.
Capital Expenditure constitutes 23% of the total expenditure in 2019 while the actual Capital spending in 2017 fiscal year hits a marked high of 22.8% performance.
#2019Budget
#2019Budget
Welcome to a new Legislative Day in the Senate of the Federal Republic of Nigeria!
#TodayInSenatePlenary
#TodayInSenatePlenary
Senate President, @bukolasaraki leads the Principal Officers into the chambers; takes the official prayers; and begins the day’s proceedings at 11:22am.
#TodayInSenatePlenary
#TodayInSenatePlenary
Senator @BI_Gemade moves for the approval of votes and proceedings of Tuesday, 12th March 2019. Senator @benmurraybruce seconds.
#TodayInSenatePlenary
#TodayInSenatePlenary
Did You Know Your State Budget?
We compile in this thread state-by-state #2019Budget.
1. ABIA (@Abiastategov)
– Total Budget: 139.542bn
– Capital Expenditure: 71.729bn
– % of Capital Expenditure: 51.40%
– Recurrent Expenditure: 67.813bn
– % of Recurrent Expenditure: 48.60%
We compile in this thread state-by-state #2019Budget.
1. ABIA (@Abiastategov)
– Total Budget: 139.542bn
– Capital Expenditure: 71.729bn
– % of Capital Expenditure: 51.40%
– Recurrent Expenditure: 67.813bn
– % of Recurrent Expenditure: 48.60%
2. ADAMAWA
– Total Budget: 230.989bn
– Capital Expenditure: 127.494bn
– % of Capital Expenditure: 55.19%
– Recurrent Expenditure: 103.495bn
– % of Recurrent Expenditure: 44.81%
– Total Budget: 230.989bn
– Capital Expenditure: 127.494bn
– % of Capital Expenditure: 55.19%
– Recurrent Expenditure: 103.495bn
– % of Recurrent Expenditure: 44.81%
3. AKWA IBOM (@aksgovt)
– Total Budget: 670.718bn
– Capital Expenditure: 445.936bn
– % of Capital Expenditure: 66.49%
– Recurrent Expenditure: 224.782bn
– % of Recurrent Expenditure: 33.51%
– Total Budget: 670.718bn
– Capital Expenditure: 445.936bn
– % of Capital Expenditure: 66.49%
– Recurrent Expenditure: 224.782bn
– % of Recurrent Expenditure: 33.51%
