• Latest
  • Trending
  • All
  • News
  • Politics

Coronavirus: FG reduces 2020 budget, suspends recruitments

March 19, 2020
Igbo Lady working in Central Bank of Ireland wins the highest award in the bank’s history (photos)

Igbo Lady working in Central Bank of Ireland wins the highest award in the bank’s history (photos)

March 5, 2021
‘Repentant’ Boko Haram Members Return To Terrorist Group After Spying On Communities — Gov Zulum

‘Repentant’ Boko Haram Members Return To Terrorist Group After Spying On Communities — Gov Zulum

March 5, 2021
Nigerian Army Are Tracking IPOB Member’s Houses Through Apps Such as Whatsapp ‘Delete It’ – Nnamdi Kanu’s secretary Advices Biafrans

Nigerian Army Are Tracking IPOB Member’s Houses Through Apps Such as Whatsapp ‘Delete It’ – Nnamdi Kanu’s secretary Advices Biafrans

March 5, 2021
Nigerian Soldier Tortures A 10-year-old Boy To Death For Plucking Mangoes In Barracks

Nigerian Soldier Tortures A 10-year-old Boy To Death For Plucking Mangoes In Barracks

March 5, 2021
Biafrans How Prepared Are You If War Starts Now? (Review)

Biafrans How Prepared Are You If War Starts Now? (Review)

March 5, 2021
Just In: Bandits storms military base at Katsina, kiIIs many soldiers

Just In: Bandits storms military base at Katsina, kiIIs many soldiers

March 5, 2021
Just In: Fire outbreak at Onitsha plastic market

Just In: Fire outbreak at Onitsha plastic market

March 5, 2021
Nigerian Army Denies Running Away From Boko Haram, Explains What Really Happened

Nigerian Army Denies Running Away From Boko Haram, Explains What Really Happened

March 5, 2021
Nigeria has No president, Buhari is No Longer with us – Dino Melaye spits Fire (video)

Nigeria has No president, Buhari is No Longer with us – Dino Melaye spits Fire (video)

March 5, 2021
Bloody Betrayal, As Afenifere Says They Do Not Have Time To Help Bola Tinubu In His EFCC Probe, Because He Failed To Defend The Yorubas In Time Of Need

Bloody Betrayal, As Afenifere Says They Do Not Have Time To Help Bola Tinubu In His EFCC Probe, Because He Failed To Defend The Yorubas In Time Of Need

March 5, 2021
Buhari Must Go Protest: Nigerian Youths Ignore FG Threats, Stage Heavy Protest With Inscribed Buhari’s Coffee, Demanding His Resignation

Buhari Must Go Protest: Nigerian Youths Ignore FG Threats, Stage Heavy Protest With Inscribed Buhari’s Coffee, Demanding His Resignation

March 4, 2021
Bandits Strikes Again, Kidnaps Over 60 People At Tofa Village, Zamfara

Bandits Strikes Again, Kidnaps Over 60 People At Tofa Village, Zamfara

March 4, 2021
  • About
  • Gossip
  • Advertise
  • News
  • Privacy & Policy
  • Sports
  • Advertisement
  • Contact
Saturday, March 6, 2021
Dailyexcessive
  • Home
  • Gossip
  • News
  • Entertainment
  • News
    • All
    • Politics
    Igbo Lady working in Central Bank of Ireland wins the highest award in the bank’s history (photos)

    Igbo Lady working in Central Bank of Ireland wins the highest award in the bank’s history (photos)

    ‘Repentant’ Boko Haram Members Return To Terrorist Group After Spying On Communities — Gov Zulum

    ‘Repentant’ Boko Haram Members Return To Terrorist Group After Spying On Communities — Gov Zulum

    Nigerian Army Are Tracking IPOB Member’s Houses Through Apps Such as Whatsapp ‘Delete It’ – Nnamdi Kanu’s secretary Advices Biafrans

    Nigerian Army Are Tracking IPOB Member’s Houses Through Apps Such as Whatsapp ‘Delete It’ – Nnamdi Kanu’s secretary Advices Biafrans

    Nigerian Soldier Tortures A 10-year-old Boy To Death For Plucking Mangoes In Barracks

    Nigerian Soldier Tortures A 10-year-old Boy To Death For Plucking Mangoes In Barracks

    Biafrans How Prepared Are You If War Starts Now? (Review)

    Biafrans How Prepared Are You If War Starts Now? (Review)

    Just In: Bandits storms military base at Katsina, kiIIs many soldiers

    Just In: Bandits storms military base at Katsina, kiIIs many soldiers

    Just In: Fire outbreak at Onitsha plastic market

    Just In: Fire outbreak at Onitsha plastic market

    Nigerian Army Denies Running Away From Boko Haram, Explains What Really Happened

    Nigerian Army Denies Running Away From Boko Haram, Explains What Really Happened

    Nigeria has No president, Buhari is No Longer with us – Dino Melaye spits Fire (video)

    Nigeria has No president, Buhari is No Longer with us – Dino Melaye spits Fire (video)

    Bloody Betrayal, As Afenifere Says They Do Not Have Time To Help Bola Tinubu In His EFCC Probe, Because He Failed To Defend The Yorubas In Time Of Need

    Bloody Betrayal, As Afenifere Says They Do Not Have Time To Help Bola Tinubu In His EFCC Probe, Because He Failed To Defend The Yorubas In Time Of Need

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Sports
No Result
View All Result
Dailyexcessive
No Result
View All Result
Home News

Coronavirus: FG reduces 2020 budget, suspends recruitments

by peter
March 19, 2020
in News
0
496
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

As part of measures to address the impacts of coronavirus disease on the economy, the Federal Executive Council (FEC) has approved reduction in the size of the 2020 budget by about N1.5 trillion.

Hajiya Zainab Ahmed, Minister of Finance, Budget and National Planning, who disclosed this while addressing State House correspondents on Wednesday, said the proposed budget cut of N1.5trillion, which must be approved by the National Assembly would include N457 billion from Premium Motor Spirit (PMS) under-recover.

“From the expenditure side, the President has approved that we should cut down the capital expenditure budgeted by 20 per cent across Ministries, Departments and Agencies.

“Also, a 25 per cent cut of all government owned enterprises and these include the ones that are in the national budget, the 10 top ones we included in the 2020 budget but also those we did not include in the 2020 budget.

“So, all of these would have their recurrent expenditure and capital expenditure cut down by 25 per cent.

“By these measures we expect that the operating surpluses that would accrue to the federation will increase because when their operational expenditure reduces the operating surpluses that they remit to the treasury will also increase significantly.

“What we have done is that we have written every ministry and given them guidelines on how these adjustments will be made to enable us have detailed inputs from the ministries.

“But I can just say that the bulk cut is about N1.5 trillion, the reduction in the size of the budget. And this includes N457 billion from PMS under-recovery,’’ she said.

She also stated that other policy matter that had been discussed for implementation is for the administration to stop recruitment except for essential services such as security and health services.

The Council also agreed to restore and compliant by the civil service retirement regulations, while the modalities for the implementation of the Social Investment Programme would also be reviewed.

Ahmed revealed that the Council approved that recruitment into the civil service should be suspended but the current federal government workforce would be maintained.

“On recruitment, there is already an instruction to stop recruitment. What the agencies have been doing is replacement but even that is being suspended.

“When things improve we will go back to the issue of recruitment but for now, our wage bill is already very high.

“The president has directed that salaries and pensions must be paid unfailingly, so we are not looking at downsizing in anyway.

“We are maintaining our workforce as it is but we are just stopping the increase in the size of the nominal roll,” NAN quoted her as saying.

Meanwhile, Nigeria on Wednesday announced five new cases of the coronavirus.

It brings the total number of confirmed cases to eight.

Share198Tweet124Share50
peter

peter

  • Trending
  • Comments
  • Latest

Meet The RCCG Pastor Who Has 6 PhD, 4 Masters And 4 First Degrees

May 19, 2020

Let me make it clear, God Created Northerners with Cow brain, we all reason like cows including me — Sultan Abubakar

February 13, 2020

Cell Phones Retrieved From Killed Terrorists Reveals They Are In Contact With With Nigerian Army And Police

April 26, 2020

KogiDecides: Vote buying ongoing in certain areas – Report

6

Why El-Rufai’s committee report on true federalism will split Nigeria – Lawmaker

6

Igbos should not be allowed to rule because they will declare Biafra and Nigeria will crumble – Tunde Ednut

3
Igbo Lady working in Central Bank of Ireland wins the highest award in the bank’s history (photos)

Igbo Lady working in Central Bank of Ireland wins the highest award in the bank’s history (photos)

March 5, 2021
‘Repentant’ Boko Haram Members Return To Terrorist Group After Spying On Communities — Gov Zulum

‘Repentant’ Boko Haram Members Return To Terrorist Group After Spying On Communities — Gov Zulum

March 5, 2021
Nigerian Army Are Tracking IPOB Member’s Houses Through Apps Such as Whatsapp ‘Delete It’ – Nnamdi Kanu’s secretary Advices Biafrans

Nigerian Army Are Tracking IPOB Member’s Houses Through Apps Such as Whatsapp ‘Delete It’ – Nnamdi Kanu’s secretary Advices Biafrans

March 5, 2021
Dailyexcessive

Copyright © Dailyexcessive.com Created and Hosted by @trustdee

Navigate Site

  • About
  • Gossip
  • Advertise
  • News
  • Privacy & Policy
  • Sports
  • Advertisement
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Gossip
  • News
    • Politics
  • News
  • Entertainment
  • Educative
  • Entertainment
    • Gaming
    • Sports
  • Sports
  • Advertisement

Copyright © Dailyexcessive.com Created and Hosted by @trustdee

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In