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…
Nigeria’s Senate has approved the ₦1.48 trillion 2025 budget for Rivers State, under the backdrop of emergency governance imposed in the state due to political instability. The budget was passed following the presentation of a detailed report by an ad hoc Senate committee led by Senate Majority Leader, Senator Opeyemi Bamidele. The committee had been…
Nigeria’s Senate has granted an extension for the implementation of capital expenditures in the 2024 national budget, shifting the deadline from 30 June to 31 December 2025 to allow for the completion of critical infrastructure and public service projects. The bill amending the 2024 Appropriation Act was passed during Tuesday’s plenary session after being read…
Rivers State’s Sole Administrator, Vice-Admiral Ibok-Ete Ibas (Rtd), has alleged that officials from the suspended state government deliberately concealed financial data, undermining efforts to construct a transparent 2025 budget. Addressing the House of Representatives’ Ad-Hoc Oversight Committee on Wednesday, Ibas claimed the missing financial disclosures obstructed accurate reporting of expenditures made during the first quarter…
The Director of Budget at the Sokoto State Ministry of Budget and Economic Planning, Buhari Umar, has been named the ‘2024 Most Outstanding Public Administrator of the Year’ by the Champion Newspapers. The prestigious award, announced earlier this week, recognised Umar’s exceptional leadership in Public Finance Management, Transparency, and Policy Implementation, establishing him as one…
The Labour Party presidential candidate in the 2023 election, Peter Obi, said relentless corruption has reduced Nigeria to a crime scene. Obi, who stated this in reaction to the huge budget fraud uncovered by the BudgIT in the 2025 federal budget, said Nigeria has remained a relentless scene of corruption. BudgIT had revealed budget padding…
The House of Representatives on Tuesday passed through second reading, the N1.78 trillion budget (Appropriation Bill) of the Federal Capital Territory (FCT) for the 2025 fiscal year. Out of the total amount, N150.35 billion is for personnel costs and the sum of N343.77 billion is for overhead costs while the balance of N1.28 trillion is…
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has said that his administration has achieved an unprecedented 90 to 95 percent implementation of the 2024 budget. This significant milestone, he noted, has never been reached before. Wike made this declaration yesterday during a media briefing after his inspection of several major ongoing projects in…
Rivers State Governor, Siminalayi Fubara, has said he is ready to re-present the 2025 budget to the state House of Assembly whenever the lawmakers are prepared. Fubara stated this on Wednesday while speaking to residents of Khana Local Government Area during the commissioning of health facilities. This came shortly after he was denied entry into…
