Zulum inaugurates panel to review Borno budget over COVID-19

 
Thu Mar 26th, 2020 - Borno
 

In anticipation of global economic meltdown due to the ravaging Coronavirus Disease (COVID-19), Governor Babagana Zulum of Borno state has inaugurated a high-powered panel to review the state’s budget.

According to him, the state’s 2020 budget will be reviewed and the internally generated revenue (IGR) increased.While inaugurating the panel yesterday at the Government House, Maiduguri, he said: “We’re bracing up for an impending economic meltdown caused by the global Coronavirus pandemic.

“Nigeria’s oil revenue is also dwindling to the lowest level of $30 per barrel for three months.”Economic Adviser to the Governor, Mustapha Bulu, who leads the review panel, was also tasked with increasing the IGR to implement this year’s budget.

 
 

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source: Guardian