x

2021 Budget: Deliver on target or get sanctioned, Buhari warns agencies

President Muhammadu Buhari, on Thursday told government agencies saddled with generating revenue to work hard to meet their targets.

He gave the directive after he signed the N13.5trn 2021 Appropriation Bill into law on Thursday, December 31, 2020.

This is according to a statement titled, ‘Deliver on targets or get sanctioned, Buhari warns revenue generating agencies as he signs 2021 Appropriation Bill and 2020 Finance Bill into law’, shared by presidential aide Lauretta Onochie.

The statement read: “We are intensifying our domestic revenue mobilization efforts so that we can have adequate resources to fund the 2021 Budget. Revenue Generating Agencies, and indeed all Ministries, Departments and Govt-Owned Enterprises, must work very hard to achieve their revenue targets.

“Relevant agencies are to ensure the realisation of our crude oil production & export targets. Heads of defaulting agencies are warned that they will be severely sanctioned. I also appeal to our fellow citizens & the biz community to fulfill their tax obligations promptly.

Advertisement

“In spite of the adverse impact of the coronavirus pandemic on the nation’s economy and the government’s revenues, we have made appreciable progress in the implementation of the 2020 Budget. As of December 2020, we had released about N1.748 trillion out of a total of N1.962.

“The overall performance of the 2020 Budget currently stands at an impressive of 97.7%. This commendable outcome underscores the importance of our efforts, together with the Legislature, to return to the discipline of a January-to-December fiscal year.

“I commend the sustained mutual understanding, collaboration and high-level engagements between officials of the Executive and Legislative Arms of Government, which have made the accelerated enactment of these Bills possible.”

Hot this week

Senator Lalong Chairs UNIJOS Alumni Lecture, Calls for Safeguards in Justice Delivery in Digital Age

Senator Simon Bako Lalong, representing Plateau South Senatorial District...

Group Presses Nasarawa Assembly for Speedy Passage of Climate Change Bill

y Leo Zwanke, LafiaThe Nasarawa State Network on Environment...

Amnesty International Urges FG to Cut Political Spending, Prioritize Economic Diversification

By Noah Ocheni, LokojaAmnesty International has called on the...

Ghana to Pull Women To 2025 African Women Conference in Nov

By Joyce Remi-BabayejuThe Republic of Ghana is set...

Dinfa: Only a Northern Christian President Can Protect Northern Christians

By Israel Adamu, JosThe National Coordinator of the Young...

The Role of the United States in the Iran–Israel Geopolitical Rivalry

By Diri Glory IdaerefaaThe Middle East has long been...

2027: ACF to Regulate Officials’ Communication with Media, Public

By Achadu Gabriel, KadunaThe Northern socio-cultural organization, Arewa Consultative...

IHR Commends President Tinubu for Hajj Fare Reduction, Seeks ₦1,000/$1 Concessionary Exchange Rate

By Jabiru HassanIndependent Hajj Reporters (IHR) has commended President...

IHR Commends Tinubu for Hajj Fare Reduction, Urges N1,000/$1 Concessionary Rate

By Jabiru HassanThe Independent Hajj Reporters (IHR) has commended...

Related Articles

Popular Categories

spot_imgspot_img