NEC endorse 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.
Daily Post Nigeria
Published
Good morning! Here is today’s summary from Nigerian Newspapers:
1. Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), was detained in Kenya for eight days, according to Ifeanyi Ejiofor, his lawyer. Ejiofor made the claim after he visited the IPOB leader in the Department of State Services (DSS) custody on Friday.
2. Bandits have abducted 13 women between Manini and Udawa town along Kaduna-Birnin Gwari highway, on their way to a wedding ceremony. The State Police Command’s Public Relations Officer, ASP Jalige Mohammed confirmed the incident.
3. Governor Nasir El-Rufai of Kaduna State has said bandits or Boko Haram terrorists cannot be compared with Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB). In an interview with BBC Pidgin, yesterday, El-Rufai said it is wrong to compare bandits with Kanu saying bandits are only doing business.
Nigeria s GDP projected to grow 4 2% by 2022 - Finance Minister nairametrics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nairametrics.com Daily Mail and Mail on Sunday newspapers.
Deji Elumoye in Abuja
Vice President Yemi Osinbajo yesterday said the National Economic Council (NEC), has been informed that the issue of the repayment of the Budget Support Facility extended to the 36 state governments by Federal Government has now been resolved
This is just as he disclosed that NEC had endorsed the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) of the Federal Government which was presented to it at an emergency meeting.
Osinbajo made the disclosure, following an emergency meeting of the Council which he presided virtually, with some State Governors, FCT Minister, Finance Minister, Central Bank Governor, and other government officials in attendance.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, stated this on Thursday at the 2022-2024 Medium Term Expenditure Framework /Fiscal Strategy Paper (MTEF/FSP) public presentation, adding that the projected budget will have a deficit of 3.05 percent.
“The total budget size will be 11.907tr but when you add the government owned enterprises, it moves to N13.91tr. This is compared to the N13.58tr for 2021. Then in 2023 the budget size moves to N15.45tr and N16.77tr in 2024. For 2022 we will have a fiscal deficit that is 3.05%. This is just 0.5% higher than what is in the Fiscal Responsibility Act. It is also an improvement on the 3.93% that is in the 2021 appropriation,” she stated.