Budget
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Featured
S/Africa postpones budget presentation over lack of agreement
South Africa’s national budget, meant to be presented on Wednesday, has been postponed until further notice due to lack of agreement. The speaker of the National Assembly said this year the African National Congress will need the support of other parties to pass the budget, as it lost its parliamentary majority in an election in 2024. Its main partner in…
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economy
2025 budget: N4.5trn additional revenue will support economic diversification – Minister
Sen. Abubakar Bagudu, the Minister of Budget and Economic Planning, has said the N4.5 trillion additional revenue in the 2025 budget would support the diversification program of the President Bola Tinubu administration. The minister said this while speaking to State House correspondents on Wednesday in Abuja. Bagudu said the N4.5 trillion additional revenue would be used to strengthen the Bank…
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Featured
2025 budget: Reps move to improve funding for NiMC, NYSC, NDA
The Deputy Spokesman for the House of Representatives, Rep. Philip Agbese (APC-Benue), says plans are ongoing to increase funding for some strategic agencies in the 2025 Appropriation Bill. The agencies are the National Identity Management Commission (NIMC), the National Youth Service Corps (NYSC), and the Nigerian Defence Academy (NDA), among others. Addressing newsmen in Abuja on Monday, Agbese said that…
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Featured
FG prioritises cancer prevention, maternal health in 2025 budget
The federal government has reaffirmed its commitment to health education and prevention strategies, with a strong focus on cancer prevention and maternal health in its 2025 budget. The Minister of State for Health and Social Welfare, Dr. Iziaq Salako, made this known during a meeting on Thursday in Abuja with a delegation from the Clinton Health Access Initiative (CHAI), led by…
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Featured
Investigate alleged misappropriation of N183bn allocation – Ex-Osun LG chairmen urge FG
Former Local Government (LG) chairmen in Osun have urged the Federal Government to investigate the alleged misappropriation of N183 billion in federal allocation accrued to the 30 LG’s between November 2022 and November 2024. The chairmen, elected in 2022 under All Progressives Congress (APC), alleged that the 1999 constitution was violated due to withholding and spending of the federal…
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economy
2025 budget: Labour minister calls for increased allocation for job creation
The Minister of Labour and Employment, Muhammad Dingyadi, has called for more budgetary allocation for 2025 to enable the ministry to scale up its performance in job creation and other key areas of its mandate. Dingyadi said this at the 2025 Budget Defence meetings with the House Committee and the Senate Committee on Employment, Labour, and Productivity, respectively, on Monday…
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economy
N8.9bn budget for Information Ministry inadequate- Sen. Katung
Sen. Sunday Katung, representing Kaduna South Senatorial District, says the 2025 budget of N8.9 billion for the Ministry of Information and National Orientation is inadequate. Katung stated this at the budget defence of the ministry hosted by the Senate Committee on Information and National Orientation on Tuesday in Abuja. “It is not the fault of the minister. It is a…
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2025 Budget: Military expects bountiful harvest from NASS – CDS
The Chief of Defence Staff (CDS), Gen. Christopher Musa, says the military expects a bountiful harvest as they commence the 2025 budget defence before the National Assembly. Musa said this at the Armed Forces Celebration and Remembrance Day 2025 Regimental and Award Night for Officers of the Armed Forces of Nigeria on Monday in Abuja. He thanked the National Assembly…
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2025:INEC seeks increased budgetary allocation, proposes N126bn
The Independent National Electoral Commission (INEC) has sought an increase in its budgetary allocation to N126billion, against the N40billion earmarked for it in the 2025 budget estimates. INEC Chairman, Prof. Mahmood Yakubu, made the request on Friday in Abuja at the budget defence session of the Senate and House of Representatives Joint Committee on INEC and Electoral Matters. Mahmood, in…
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economy
Otti assents to 2025 Appropriation Bill of N750.2b
Gov. Alex Otti of Abia assented to the 2025 Appropriation Bill of N750.2 billion as passed by the state House of Assembly. In a speech at the brief event held at Nvosi in Isiala Ngwa South Local Government Area, Otti said that the budget underscores the commitment of his administration to transform the state’s trajectory in achieving infrastructure development. He…
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Business
Divert N113bn for vehicles in 2025 budget to infrastructure, Uwaleke advises FG
A financial expert, Prof. Uche Uwaleke, has urged the Federal Government to divert the N113 billion provided in the 2025 budget proposal for the purchase of vehicles to infrastructural projects. Uwaleke, a Professor of Capital Markets, is also the Director, Institute of Capital Market Studies at the Nasarawa State University Keffi. He gave the advice in an interview with the…
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economy
Mohammed signs Bauchi’s N467bn 2025 budget into law
Gov. Bala Mohammed of Bauchi State has signed the state’s 2025 budget of N467 billion into law. The News Agency of Nigeria (NAN) reports that Mohammed had, on November 21, presented the N465 billion 2025 Appropriation Bill to the state House of Assembly for approval. Presenting the estimate tagged “Budget of Consolidation and Sustainable Development,” Mohammed said that it complied…
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NEWS
Kebbi assembly approves N53.5 billion supplementary budget
The Kebbi House of Assembly has passed a supplementary budget of N53.5 billion, bringing the 2024 cumulative budget figure to N303.7 billion. The News Agency of Nigeria (NAN) reports that Gov. Nasir Idris had on Dec. 13, 2023 signed N250.1 billion 2024 appropriation bill into law. The passing of the supplementary budget followed the consideration of the report from the…
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Featured
Sokoto Govt to present N119bn supplementary budget to State Assembly
The Sokoto Executive Council has approved N119 billion for submission to the state House of Assembly as supplementary budget. The council also approved N17.9 billion for the reconstruction of different roads in the state. Addressing newsmen shortly after the meeting on Thursday, the Commissioner for Budget and Economic Planning, Alhaji Balarabe Kadadi, said the budget contained inflows from NG-CARES, L-Press,…
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Featured
Katsina Speaker reiterates importance of community based budget
The Speaker, Katsina State House of Assembly, Alhaji Nasir Yahaya-Daura, has reiterated the importance of community approach in budget preparation and community development projects implementation. The speaker reiterated the importance in Daura on Sunday, during a high-level stakeholders’ meeting from that Senatorial zone of the state. The News Agency of Nigeria (NAN) reports that the high-level stakeholders’ meeting was in…
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Featured
2025 budget will be based on needs assessment, says Gbajabiamila
Hon. Femi Gbajabiamila, Chief of Staff to the President, says the 2025 budget for State House agencies will be based on needs assessment. He said this was to ensure that funding allocated to agencies were based on actual requirements. Gbajabiamila spoke to the newsmen on Wednesday in Abuja, following a one-day fact finding tour of some government agencies under the…
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education
Don urges ECOWAS parliament to ensure effective budget monitoring, implementation
Prof. May Nwoye, Dean, Faculty of Management Sciences, Nile University, Nigeria, has implored the ECOWAS parliament to ensure effective formulation, monitoring and implementation of community budgeting for subregional development. Nwoye made this call in her presentation at a meeting of the ECOWAS Parliament’s Joint Committee on Administration, Finance and Budget, Public Accounts, Macroeconomic Policy and Economic Research in Abidjan,…
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