The federal government has disclosed that the
implementation of the
2020 Budget will commence on January 1, foreclosing
further releases in the 2019 capital vote.
The government will also release guidelines for the
implementation of the budget as part of overall measures to ensure a seamless
and effective budget delivery.
The Minister of Finance, Budget and National
Planning, Mrs. Zainab
Ahmed, who disclosed this at the 2020 Budget
breakdown in Abuja,
Thursday, said with the timely preparation and
passage of the budget which would restore the normal cycle, implementation
would commence on
January 1.
She foreclosed further capital releases in the 2019 Budget,
which so far stand at N1.212 trillion.
On reports that bank customers without Tax
Identification Numbers
(TIN) will not be allowed to operate accounts from
January 2, 2020,
the minister said
enforcement would be a gradual process after wide consultations by
various stakeholders, including banks
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