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2024 budget

National Assembly Extends 2024 Budget To June 2025

December 18, 2024

Nigeria National Assembly has extended implementation of the 2024 national budget to June 2025. Senate President, Godswill Akpabio, made this known in his opening remarks during presentation of the 2025 national budget

Tinubu Restructures Ministries, Sacks 5 Ministers

News·Politics

Tinubu Seeks Increase Of 2024 Budget By N6.2tn

July 17, 2024

Nigeria’s President, Bola Tinubu, has written to the National Assembly requesting an increase of the 2024 national budget by N6.2 trillion. According to the letter addressed to the Senate President, Godswill Akpabio,

Akpabio-Natasha Sexual Harassment Saga: Absurdity Of A Senate Investigating Itself

Business News·News

Senate Scores Executive Low On 2024 Budget Implementation

July 4, 2024

Capital Budget Implementation Criticised The Senate has criticised the executive for its poor implementation of the capital component of the 2024 budget. On Wednesday, the Senate urged the Federal Government to intensify

Politics

Running 4 Budgets Concurrently Is Fiscal Recklessness, Recipe For Chaos – Obi

June 30, 2024

The Presidential candidate of the Labour Party in the 2023 general election, Mr Peter Obi, has criticised the alleged running of four national budgets in the 2024 fiscal year by the Nigerian

Opinion

Mr. Budget Bows Out

June 19, 2024

President Muhammadu Buhari was less than a year in office when he realized that his officials would not be able to produce the budget for FY 2017 on time. His Budget and

Obi Calls On Tinubu To Reverse New Petrol Price Hike

Politics

2024 Budget: Reallocate Resources To Critical Areas, Obi Tells Nigerian Govt

March 19, 2024

Mr Party Obi has called on the Nigerian government to urgently review the 2024 national budget and reallocate resources to critical areas of need.

Politics

Many Constituency Projects In 2024 Budget Not Targeted At Development – BudgIT

March 13, 2024

Seun Onigbide, Co-founder of BudgIT, a civic organisation focused on Nigerian budget and public data, has observed that most of the projects listed in the 2024 national budget, especially for constituencies are

Politics

Simple ‘I’m Sorry’ Could Have Saved Ningi From Suspension – Sen. Abba Moro

March 13, 2024

Senate Minority Leader, Abba Moro, says if Senator Abdul Ningi had tendered an apology about his allegation of budget padding, he would not have been suspended.

Politics

Senate Suspends Ningi For 3 Months Over Budget Padding Allegation

March 12, 2024

The Nigerian Senate has slammed three months suspension on Senator Abdul Ningi, representing Bauchi Central senatorial district over his comment in relations to the 2024 national budget.

News·Politics

2024 Budget: Ningi, Jarigbe Accuse Senate Leadership Of Bias In Constituency Funds Allocation

March 12, 2024

The embattled Senator Abdul Ningi (PDP, Bauchi Central) and Senator Jarigbe Agom Jarigbe (PDP, Cross-River North) have accused the 10th Senate leadership of allocating more funds to some constituencies than others for projects

Politics

Budget Padding: Charge Ningi For Criminal Misinformation, Lawmaker Tells Presidency

March 12, 2024

A lawmaker representing Ondo South in the Nigerian Senate, Senator Jimoh Ibrahim, has called on the presidency to charge Senator Abdul Ningi of Bauchi Central with criminal misinformation, following his allegation that

Politics

Alleged Budget Padding: Nigerians Deserve Better Explanation From Presidency, National Assembly – Peter Obi

March 11, 2024

Mr Peter Obi, has called on the Nigerian government to give better explanation to the citizens on the alleged N3 trillion discrepancy between the budget approved by the National Assembly for the

#EndBadGovernance Protests: PDP Criticises Tinubu's Silence, Demands Immediate Response

Politics

Senator Ningi’s Claim Of Budget Padding False – Presidency

March 11, 2024

The Nigerian presidency has debunked the allegations by a Senator that the executive padded the 2024 budget by an additional N3 trillion.

News

2024 Budget: Gov. Sanwo-Olu Signs N2.267trn Into Law With N920bn Increase From 2023

January 16, 2024

Governor Babajide Sanwo-Olu has signed the 2024 appropriation bill into law, unveiling a robust N2.267 trillion budget that reflects N920 billion increase from the previous year, aimed at transforming the economic landscape

Why Tinubu Govt Is Against Borrowing To Fund 2024 Budget - Edun

Finance & Economy·News

Nigeria Will Rely More On Revenue To Implement 2024 Budget – Finance Minister

January 2, 2024

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced a move by the federal government to move away from heavy reliance on borrowing for the implementation of

Business News·News

2024 Budget: Nigerian Govt Allocates N100bn To Consumer Credit Fund Amid Rising Inflation

January 2, 2024

Federal Government has earmarked N100 billion for Consumer Credit Fund in the 2024 budget

Business News·News

2024 Budget: NASS Slashes Wage Allocations For MDAs By 45%

January 1, 2024

Nigeria’s National Assembly has approved a budget that reduces allocations for minimum wage and salary-related payments for Ministries, Departments, and Agencies (MDAs). The initially proposed N1 trillion by President Bola Tinubu for

Business News·News

National Assembly Beats Tinubu’s Timeline On 2024 Budget But Raises Estimates By N1.2trn

December 30, 2023

In line with President Bola Tinubu’s call on the National Assembly to pass the 2024 budget before the 31st of December to keep up with the January-December budget cycle, the Senate on

Business News·News

Gov Fubara Presents 2024 Budget To Rivers Assembly Despite Demolition

December 13, 2023

Governor Siminalayi Fubara of Rivers State on Wednesday presented the N800bn budget estimate for the 2024 fiscal year to Edison Ehie-led group at the Government House the same time that the House

News·Politics

2024 Budget: Lawmakers Demand CBN, Customs Chiefs’ Appear For Review, Reject Representatives

December 9, 2023

The House of Representatives Committee on Appropriation took a stance on Friday, insisting that the Central Bank of Nigeria’s Governor and the Comptroller General of Customs must personally appear for the 2024

News·Politics

Obi Uses 2024 Budget To Prove Tinubu Doesn’t Care About Poor Nigerians

December 9, 2023

Labour Party’s presidential candidate in the 25th of February election, Peter Obi has exposed snippets of the 2024 budget which indicate that the President Bola Tinubu-led All Progressives Congress (APC) administration does

Business News·News

Budget 2024: N27.5trn Proposal Small To Meet Nigeria’s Economic Obligations, Claims DG

December 7, 2023

Amidst the unveiling of Nigeria’s 2024 budget proposal totaling N27.5 trillion, Ben Akabueze, the Director-General of the Budget Office of the Federation, has voiced concerns that the allocated amount falls short of

Business News·News

2024 Budget: Nigerian Govt To Spend N346bn On Presidential Vehicles, Meals, Others As Civil Societies Lament

December 7, 2023

In a jaw-dropping revelation, the Nigerian Federal Government’s 2024 budget allocation has sparked widespread concern as it earmarks N346 billion for luxurious expenditures, including presidential vehicles, meals, air fleets, and various other

Gbajabiamila Apologises For Posting Harvard Photos On Twitter

News·Politics

Gbajabiamila Denies N10 Billion Personal Residence Renovation, Calls For Responsible Debate

December 6, 2023

In a rebuttal against claims of N10 billion allocated for his residence renovation, Chief of Staff to the President, Femi Gbajabiamila, dismissed the allegations as misinformation from purveyors of fake news. Addressing the

Business News·News·Oil & Gas

2024 Budget: Nigerian Govt Pledges N4.45bn Allocation To Ajaokuta Steel, Seeks N35 Billion Financing For Revival

December 6, 2023

In a determined move to resuscitate the long-dormant Ajaokuta Steel Company, the Federal Government has earmarked N4.45 billion in the 2024 budget, demonstrating a noticeable increase from the previous year’s allocation of

News·Politics

Gov Mba Breaks Tradition, Allocates Lion Share Of Enugu Budget To Capital Expenditure

December 6, 2023

Governor Peter Mbah has presented a N521.5 billion (N521,561,386,000) budget for the 2024 fiscal year before the Enugu State House of Assembly. The budget proposal, which he entitled “Budget of Disruptive Economic

2024 Budget: Gov Makinde Presents N434.4bn As Education Gets Highest With 20.8%

News·Politics

2024 Budget: Gov Makinde Presents N434.4bn, Education Gets Highest With 20.8%

December 5, 2023

Governor Seyi Makinde of Oyo State has presented the 2024 budget of N434.4 billion to the state assembly with Education getting the lion’s share. With a resolute focus on revamping critical sectors,

Politics

Peter Obi Criticizes N15 Billion Allocated For Vice President’s Residence

December 4, 2023

The presidential candidate of the Labour Party in the February 2023 election, Peter Obi, has faulted the N15 billion allocation for the Vice-President’s residence. The revelation, made by the Minister of the

Senate Speedily Passes N2.176trn Supplementary Budget, Cites Dry Season As Reason

News·Politics

2024 Budget Scales Second Reading Amid Call For Reduction In Borrowing

December 2, 2023

The Nigerian Senate on Friday gave the green light to the advancement of the 2024 budget, clearing the second reading as Senators call for for reduction in external borrowing. Prime Business Africa reported

Business News·Politics

‘This Is Strange! Tinubu Presented Empty Budget Boxes Without Documents’ – NASS Members Fume

December 1, 2023

A member of the House of Representatives, Yusuf Galambi has accused President Bola Tinubu of “deceitfully” presenting empty boxes supposedly containing the 2024 budget to the joint session of the National Assembly.

2024 Budget: Nigerian Govt Allocates 2% For Combating Poverty Amidst Security, Infrastructure Dominance

Business News·News

2024 Budget: Nigerian Govt Prioritizes Security, Infrastructure Over Poverty

The 2024 budget proposal by the Federal Government, allocating 2% for poverty reduction and social development, worth N534 billion, has sparked concerns amid soaring poverty rates, security challenges, and a colossal infrastructure deficit in Nigeria. In a presentation of the budget breakdown

November 30, 2023

Tinubu Appoints Officials Of NCC, NIGCOMSAT, Others

Business News·News

Akpabio Tasks Tinubu On Nigeria’s Borrowings As Debt Servicing Gulps N5.79Bn In 9 Months

With the Nigerian government exceeding its 2023 debt service budget by N869.38 billion in the first nine months of this year, the Senate President, Godswill Akpabio, on Wednesday, enjoined President Bola Tinubu to do everything within his power to reduce the nation’s

November 30, 2023

Nigerian Govt Proposes 5% Tax On Telecom, Gaming, Betting Services

Business News·News

2024 Budget: Tinubu Projects 33.5% Reduction In Deficit

President Bola Tinubu, has projected a reduction in the projected budget deficit for the 2024 fiscal year, marking a shift from previous years. Addressing the joint session of the National Assembly during the presentation of the 2024 appropriation bill on Wednesday, he highlighted a notable

November 29, 2023

Tinubu Explains Why Nigeria Stopped Exporting Raw Gold, Lithium, Other Minerals

Business News·Finance & Economy·News

2024 Budget: Tinubu Projects 21.4% Inflation In 2024 Fiscal Year Amidst Economic Reforms

President Bola Tinubu, has projected the federal government’s plan to target a 21.4% inflation rate for the 2024 fiscal year. Addressing the National Assembly during the presentation of the 2024 appropriation bill on Wednesday, Tinubu stressed the government’s commitment to curbing inflation and fostering

November 29, 2023

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