FG plans to open borders soon

FG plans to open borders soon

The Federal Government has assured Nigerians that the nation's closed borders will soon be reopened.


 

Minister of Finance, Budget and National Planning, Hajia Zainab Ahmed disclosed this today at the public presentation and breakdown of the highlights of 2020 budget proposal, in Abuja

The Minister said Government had to close the borders due to neighbouring countries who have been abusing the commitment they jointly signed with Nigeria

Stressing that Nigeria has recorded numerous benefits since the closure of its borders, Ahmed disclosed that Government is negotiating with neighbouring countries to ensure that the challenges that brought about the closure are speedily addressed

Speaking on the Budget, the minister said an overview of the 2019 fiscal outcome indicated that economic stability has been largely achieved as visible in the significant growth recorded in the non-oil sector

On the 2020 Budget of ''sustaining growth and job creation'', the Minister stated that the aggregate revenue available to fund the 2020 Budget is projected at 8.155 trillion Naira, showing 561.2 billion naira increase compared to the 2019 budget.

She, however, disclosed that the Budget deficit of 2.175 trillion Naira is to be financed mainly by borrowings, from domestic and foreign sources

Recall that President Muhammadu Buhari, on Tuesday,  presented the 2020 Budget of 10.33 trillion Naira before the joint session of the National Assembly.

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