The Senate on Wednesday approved President Bola Tinubu’s request for a N1.15 trillion domestic loan to finance the deficit in the 2025 budget. The approval followed the adoption of the report of the Senate Committee on Local and Foreign Debts, presented by Sen. Manu Haruna (APC-Taraba). Haruna explained that the 2025 budget increased from N54.74…
Plateau State Governor Caleb Mutfwang has proposed a ₦914.8 billion budget for the 2026 fiscal year, with a strong focus on economic stability, infrastructure, and security. Presenting the appropriation bill, titled “Budget of Consolidation and Sustainability 2.0,” before the State House of Assembly in Jos on Wednesday, Mutfwang said the budget reflects his administration’s commitment…
Governor Ademola Adeleke of Osun State will on Wednesday present the 2026 draft budget estimates before the State House of Assembly in Osogbo. The Speaker, Mr. Adewale Egbedun, disclosed this during Tuesday’s plenary session, noting that the governor had formally communicated his intention to lay the budget before lawmakers. Egbedun said Adeleke’s letter indicated that…
President Bola Tinubu has asked the National Assembly to authorise an additional ₦1.15 trillion borrowing from the domestic debt market to bridge the funding shortfall in the 2025 budget. The request was read on the floor of the House of Representatives on Wednesday by Speaker Abbas Tajudeen, who said the proposal aims to cover the…
Governor Dikko Radda has presented a ₦897.8 billion budget proposal for 2026 to the Katsina State House of Assembly, describing it as a roadmap for sustainable development and improved public welfare. Presenting the appropriation bill, titled “Building Your Future III,” Radda said the proposal comprises ₦167.7 billion for recurrent expenditure and ₦730.1 billion for capital…
Nigeria’s House of Representatives has approved President Bola Tinubu’s plan to raise $2.347 billion from international lenders and investors, paving the way for a mix of Eurobonds, syndicated loans, and an inaugural $500 million Sukuk issuance aimed at financing next year’s budget and managing the nation’s maturing debts. The lower chamber’s approval came on Wednesday…
Cross River State Governor Bassey Otu presented the state’s ₦780.6 billion 2026 budget, themed “Budget of Inclusive Growth,” to the State House of Assembly on Tuesday. Governor Otu said the budget reflects his People First philosophy and a commitment to the sustainable development and prosperity of Cross River. The plan, developed following consultations with civil…
Lawmakers in Sokoto State have cleared a ₦38.8 billion adjustment to the 2025 budget, following a request by Governor Ahmed Aliyu to reallocate funds toward priority projects. Vice Chairman of the Finance and Appropriation Committee, Kabiru Ibrahim, told colleagues that the revised allocations would strengthen infrastructure delivery and expand social services. Majority Leader Bello Idris…
The Chairman of Senate Committee on Appropriations, Sen. Solomon Adeola, says the National Assembly has the duty to ensure that no part of the country is neglected in terms of development. Adeola, representing Ogun West Senatorial District,saud this while delivering a lecture on “The Role of Legislature in Shaping a Holistic Budget for Nigeria” at…
The House of Representatives ad-hoc committee over-sighting Rivers has issued a 48-hour ultimatum to the Sole Administration of the state, Vice Admiral Ibok-Eke Ibas (Rtd) to submit breakdown of major items in the N1.48 trillion 2025 budget. The committee’s chairman, Hon. Julius Ihonvbere (APC-Edo) issued the ultimatum at the budget defence session in Abuja on…
