NIPC Publishes Draft 2020 Appropriation and IGR Budget Proposals

Must Read

- Advertisement -

Further to the Open Government Partnership principles endorsed by the Federal Government of Nigeria (FGN), Nigerian Investment Promotion Commission (NIPC) has published its Appropriation and Internally Generated Revenue (IGR) Income and Expenditure Budget proposals for the 2020 fiscal year on its website. The proposals were published within a week of the 2020 FGN Budget proposal being submitted to the National Assembly, in compliance with the directive of the Honourable Minister of Finance, Budget and National Planning for all MDAs to publish their 2020 budget proposals on their websites.

The Appropriation budget is based on the envelope provided to NIPC by the Ministry of Industry, Trade and Investment (MITI), while the IGR budget is based on projected fees to be charged by NIPC from its operations. As required by the NIPC Act, the IGR proposals were approved by the Governing Council of NIPC, before they were sent to the Honourable Minister of Industry, Trade and Investment for final approval on 20 September 2019.

The proposals can be accessed at https://www.nipc.gov.ng/product-category/foi/proactive-disclosures/financial-information/

The management and staff of NIPC continue to work on delivering the NIPC mandate through a more proactive style of investment promotion and remain committed to instituting a culture of proactive disclosure of all required information, better corporate governance, compliance and transparency.

Read Also:  NIPC Celebrates NLNG, A Strategic Investment In Nigeria
- Advertisement -

This release was made to advise the general public of the publication of the budget proposals.

- Advertisement -
spot_imgspot_img
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

cmb coronation merchant bank brandspurng

The Fundamentals Of Factor Investing: An Application To Fixed Income

Coronation Merchant Bank experts analyze the fundamentals of the Factor approach to investing, the various types of Factor Investing, and its numerous benefits. The concept...
- Advertisement -
spot_imgspot_img

Latest News

The Fundamentals Of Factor Investing: An Application To Fixed Income

Coronation Merchant Bank experts analyze the fundamentals of the Factor approach to investing, the various types of Factor Investing,...
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -spot_imgspot_img