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deficit

FG initiates plans to reduce infrastructure deficit

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Osinbajo

By Ukpono Ukpong The Federal Government has taken steps to further reduce the infrastructure deficit in the country. This is as the Vice President, Yemi Osinbajo, formally inaugurated the National Council on Infrastructure yesterday during a virtual meeting. The Vice President said that the collaboration between the Federal Government and the private sector will not […]

Budget 2018 is not budget of consolidation, it is ‘budget that may not happen’

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health

President Muhammadu Buhari presented the 8.612 Trillion Naira 2018 Appropriation Bill to the National Assembly a week ago. A breakdown of the budget as presented reveals the following: a. Recurrent Costs = N3.494 trillion; b. Debt Service = N2.014 trillion; c. Statutory Transfers = N456 billion; d. Sinking Fund = N220 billion (to retire maturing […]