United States (US) Department of Defense has proposed a $1.01 trillion national defense budget request for fiscal year 2026, representing a 13.4% increase from fiscal year 2025. This budget prioritizes strengthening homeland security and deterring Chinese aggression in the Indo-Pacific region. The budget includes $848.3 billion for the discretionary...
Budget
The Senate has passed the Rivers 2025 Appropriation Bill of N1.48 trillion, following the presentation and consideration of the report of the Senate Ad hoc Committee on Oversight of Emergency Rule in Rivers. Chairman of the Committee and Senate Leader, Sen. Opeyemi Bamidele, emphasized that emergency rule is not...
The Senate has approved an extension of the implementation of the capital component of the 2024 national budget from June 30 to December 31. The decision was reached during plenary, following the presentation and passage of an amendment bill to the Appropriation Act. Sen. Solomon Adeola, Chairman of the...
By EZEKIEL OBI, Abuja- The Senate has pledged to monitor the sector-by-sector implementation of the 2025 Rivers State budget to ensure transparency, accountability, and meaningful development in the state. Chairman of the Senate Ad hoc Committee on Oversight of Rivers Emergency, Senator Opeyemi Bamidele, made the commitment during the...
By ANIEFIOK UDONQUAK, Uyo– Federal lawmaker, Ime Okon has clarified the controversy surrounding the reported N1 billion cash grant for constituency projects in the 2025 budget, describing such reports as “false and misleading.” Okon, representing Itu/Ibiono Ibom federal constituency, explained that each federal constituency is allocated N1 billion for...
Senate on Wednesday passed for second reading, the 2025 Rivers Appropriation Bill of N1.48 trillion. This followed the presentation of the general principles of the bill at plenary by the Senate Majority Leader, Sen.Opeyemi Bamidele (APC-Ekiti). Bamidele, in his lead debate, said regulation 4.2.8 of the Emergency Rule 2025...
President Bola Tinubu has asked the House of Representatives to consider and approve the sum of N1.481 trillion as the 2025 budget for Rivers . Tinubu’s request was read by the Speaker of the House, Rep. Tajudeen Abbas, during Thursday’s plenary in Abuja. NAN reports that the state of...
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has appealed to the National Assembly to approve the FCT’s N1.78 trillion Statutory Budget proposal for the 2025 fiscal year. Wike made the call in Abuja on Wednesday, when he appeared before the Senate and House of Representative...
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has earmarked part of the N1.78 trillion proposed 2025 FCT statutory budget for the completion of 14 ongoing roads projects across the territory. Wike disclosed this in Abuja on Wednesday, when he appeared before the Senate and House...
The Nigeria Economic Summit Group (NESG) has advised the Federal Government to sustain the crude oil production level of 2.2 million barrels per day (bpd) to ensure the feasibility of the 2025 budget. The Chief Executive Officer of NESG, Dr Tayo Aduloju, gave the advice at the group’s media...
Rivers State Governor, Siminalayi Fubara, has been urged to comply with the 48-hour ultimatum to re-present the 2025 Appropriation Bill to the Assembly. The Director General, Rivers Restoration Movement (RRM), Johnson Georgewill, made the call while speaking with journalists in Port Harcourt on Tuesday. He said that the ultimatum...
By SADIQ ABUBAKAR, Maiduguri – Borno State Government has achieved 84% budget implementation in the year 2024 under review. The state Commissioner of Budget and Planning, who is also the Deputy Chief of Staff to Governor, Babagana Zulum, Hon. Engr. Babagana Malumbe, stated this during a press briefing on...
President Bola Tinubu has said the N54.99 trillion 2025 budget signed into law on Friday will empower Nigerians and build a resilient future. The President said this after signing the budget in a brief ceremony witnessed by Sen. Godswill Akpabio, President of the Senate, and other leaders of the...
President Bola Tinubu on Friday signed the N54.99 trillion 2025 Appropriation Bill into law at the State House, Abuja. The bill, which was passed by the National Assembly on Feb. 13, after increasing it from the initial N49.7 trillion submitted by President Tinubu, was signed in a brief ceremony...
Benue State Assembly has suspended the state Chief Judge, Justice Maurice Ikpambese, for alleged misappropriation and mismanagement of the budgetary allocation and finances of the state Judiciary. This was sequel to a motion moved by the Majority Leader, Mr Saater Tiseer, during plenary session in Makurdi on Tuesday. Tiseer...
Mandate Secretary, Education Secretariat, Federal Capital Territory Administration (FCTA), Dr Danlami Hayyo, has said the administration has spent N200 billion on education from 2023 to date. Hayyo disclosed this in Abuja on Tuesday, at the opening of a two-day innovation and entrepreneurship education training for Vice Principals (Academic) in...
The House of Representatives on Thursday approved the 2025 Appropriation Bill of N54.92 trillion. Presenting the report, Chairman of the House Committee on Appropriation, Rep Abubarka Bichi, said that N54.2 trillion naira was approved, but with an additional N700 billion naira to make the total budget N54.9 trillion Bichi...
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says the FCT Administration has achieved 90 per cent of its more than N1 trillion 2024 budget. Wike stated this after inspecting some ongoing projects in the capital city, in Abuja on Thursday. The projects inspected are the...
By EZEKIEL OBI, Abuja – Former Labour Party presidential candidate Peter Obi has called for transparency and accountability in the allocation of the increased Budget of Restoration, which has risen to ₦54 trillion due to increased revenue. Obi expressed concern that while the sources of the revenue were detailed,...
President Bola Tinubu has notified the Senate of an increase in the proposed 2025 budgetary estimates from the N49.7 trillion he presented on Dec. 18, 2024 to N54.2 trillion. The News Agency of Nigeria (NAN) reports that Tinubu announced the increase via a letter forwarded to both chambers of...