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…
High-level talks between leaders of Germany’s centre-left Social Democrats (SPD) and the winners of the recent elections, the centre-right CDU/CSU bloc, continued in Berlin on Wednesday. Outgoing German Chancellor Olaf Scholz of the SPD met for an hour and a half with CDU chairman Friedrich Merz, widely expected to replace him as chancellor. Alexander Dobrindt,…
The President of the Senate, Godswill Akpabio, has announced that the budget defense report for the N54.2 trillion 2025 budget will be presented to the Senate in plenary. He confirmed that members of the Committee on Appropriations will present the report either Wednesday or Thursday this week. Akpabio made this statement on Tuesday during plenary,…
The Rivers Government says that the Supreme has dismissed Rivers government appeal on 2024 budget but did not reinstate Martin Amaewhule and 26 others as members of the State Assembly, The State Attorney General and Commissioner for Justice, Dagogo Iboroma,(SAN), stated this in a press conference in Port Harcourt organised to correct the wrong media…
A Financial Expert, Prof. Uche Uwaleke, has commended the Federal Government for the additional N4.5 trillion in the 2025 budget proposal to strengthen development finance institutions. Uwaleke, a Professor of Capital Market and the President of Capital Market Academics of Nigeria gave the commendation in an interview with the News Agency of Nigeria (NAN) on…
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 programme 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…
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 the National Assembly, which was read…
