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December 22, 2022

December 22, 2022 IFMNEWS

Buhari Seeks NASS’ Approval For N819bn 2022 Supplementary Budget

President Muhammadu Buhari has transmitted a 2022 supplementary budget of 819 billion naira to the National Assembly.

In separate letters to the Senate President, Ahmad Lawan and the Speaker of the House of Representatives, Femi Gbajabiamila, the president sought the lawmakers’ approval of the budget.

He said all of the additional budget for 2022 are capital expenditure and it became necessary due to the devastation caused by floods on farmlands and road infrastructure.

He explained that in the year 2022, Nigeria witnessed the worst flood incidents in recent history, which has caused massive destruction of farmlands with risks of food insecurity.

Reading the letter on the floor of the senate, Senate President Ahmed Lawan further informed the lawmakers that the supplementary budget will be financed “through additional domestic borrowings.

December 21, 2022

December 21, 2022 IFMNEWS

N89trn Stamp Duty: Reps Not Backing Kazaure

The Speaker of the House of Representatives, Femi Gbajabiamila has expressed hope that the house will pass the budget before they close for campaigns.

He said this after a closed-door meeting with President Muhammadu Buhari, where they were said to have discussed recent happenings in the country like the cash withdrawal policy and elections violence at the state house.

Speaking with newsmen after the meeting Gbajabiamila described his meeting with the president as routine and meant to deliberate on key national issues.

June 2, 2021

June 2, 2021June 2, 2021 IFM Social Media

How To Save, Budget And Spend Your Salary

Are you saving or spending money or investing in ponzi schemes?

Most of us are always spending. We are spending all our savings or investing in Ponzi schemes.

Parkinson law states that; no matter how much money people earn, they tend to spend the entire amount and a little bit more besides that. Their expenses rise together with their earnings.

When you first started working you were earning way less you are now. But now you seem to need all your money because you must maintain your current lifestyle. It seems as if we are chasing more money to spend more.

This is where financial management becomes important.

How to manage your finances

Earn more; Because your expenses increase with your income, earning more money is never a bad idea, there is always going to be increased lifestyle expectations, a better house, car, phone. Get your money up!
Do not engage in Ponzi schemes: Now you earn more, and you have extra cash, Ponzi schemes seem so attractive. But they are nothing more than schemes that feed on your greed. Low risks investments are always the best.
Plan all your expenses and set financial goals: So, you don’t find yourself scraping for money before the month ends, plan all you need to spend that month and stick with it. If it means moving your money to another account, then do it. Write down what your financial goals are. This is not the time to go on expensive dates or try to keep up with other people. If you do not have money, stay home.
Use saving platforms: They are helpful when saving towards a goal of saving for the sake of it. Lock your money in there and throw the key away.
Reward yourself for good financial discipline and buy one or two luxury items.