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Infrastructure gets lion share in Ondo 2021 budget

The Ondo State Commissioner for Economic Planning and Budget, Mr. Emmanuel Igbasan, yesterday broke down the proposed 2021 budget, with infrastructural development taking the largest chunk of the budget. Igbasan while giving the analysis of the budget tagged “Budget of Hope” put the total budget at N174.873 billion, with a provision of N69.915 billion for […]

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Budget deficit: Lagos mulls N100bn bond issuance

…to raise N93bn from loans Lagos State government has said it is considering bond issuance of about N100 billion to fund deficit in its 2021 budget. The deficit of N192.494 billion in its total budget of N1.164 trillion is to be funded by a combination of internal and external loans. Dr. Rabiu Olowo, the state’s […]

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Budget 2021: Health allocation rises by 157%

…as FG earmarks N512bn to health, BHCPF N35bn The proposed allocation to the health sector in the 2021 Budget has been increased by 157 per cent with N512. 21 billion of both current and capital expenditure, as against the 2020 budget to the sector which stood at N46 billion. Also, N35billion has been proposed for […]

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