• Contact Us
  • About Us
Sunday, June 1, 2025
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Reps Seek Review Of 2024 Budget Over Forex Instability

metro by metro
March 8, 2024
in News
0
Reps To Investigate Utilisation Of N6.57Tn Allocation Received By States, LGAs In 2023
0
SHARES
0
VIEWS

 

 

Read Also

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

Forfeiture Order; EFCC Sues Emefiele In Fresh Eight-Count Charges

Crypto Duo Face Kinapping Charges In Alleged Bitcoin Theft Attempt

The House of Representatives has resolved to assess the implications of the foreign exchange on the 2024 Appropriation Act.

This follows the adoption of a motion on the need to evaluate the implications of the current exchange rates on the 2024 national budget implementation to ensure a balanced budget and increase in the standard of living of Nigerians, raised by Honourable Kafilat Ogbara.

The Federal Government based the 2024 budget on foreign exchange benchmark of N800 to a dollar.

However, the naira has fallen further to as low as N1900/$, until recently that is hovering around N1,500/N1600 to a dollar currently.

The committees on national planning and economic development, appropriation and finance are to determine the method of alignment of the current foreign exchange with the approved national budget; evaluate the prevailing exchange rates to understand the value of the foreign exchange in the local currency and how fluctuations impact the purchasing power and overall 2024 budgetary effectiveness.

ALSO READ:Armed Robbers Again Attack Three Banks In Anyigba, Kogi State

The assessment would also include an examination of the expected revenue the government anticipates from various sources, including taxes and other income streams and how these can help to gauge the financial resources available to meet budgetary demands.

It also includes reviewing the outlined government spending plans across different sectors; adjust where necessary to ensure the budget remains realistic and achievable within the economic context considering priorities and essential areas.

Previous Post

Africa Fintech Summit is back in Washington, DC for the World Bank/IMF Spring Meetings on the 17th April, 2024 at the Halcyon House.

Next Post

Bluemind Foundation: Heal By Hair featured in VOGUE

Related Posts

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun
News

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

May 31, 2025
Ex-CBN Governor Emefiele Arrives Lagos Court For Arraignment
News

Forfeiture Order; EFCC Sues Emefiele In Fresh Eight-Count Charges

May 31, 2025
Asian Markets Track Wall Street Gains, Bitcoin Closes On $100,000
News

Crypto Duo Face Kinapping Charges In Alleged Bitcoin Theft Attempt

May 31, 2025
Federal High Court Reverses Ratification Of Joyce Oduah’s Suspension As NBA Secretary General
News

Appeal Court Reverses Judgment Voiding Kano LG Election, KANSIEC’s Composition

May 30, 2025
Next Post

Bluemind Foundation: Heal By Hair featured in VOGUE

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

20 Kano Athletes, Officials Die In Road Accident While Returning From Sports Festival In Ogun

May 31, 2025
Ex-CBN Governor Emefiele Arrives Lagos Court For Arraignment

Forfeiture Order; EFCC Sues Emefiele In Fresh Eight-Count Charges

May 31, 2025
Saudis say to take “big hit” on oil output for OPEC deal, Iran can freeze

OPEC+ Announces Increase In July Oil Output

May 31, 2025
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

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

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version