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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...
