GISTSMATE MEDIA reports that President Bola Tinubu has signed into law the N54.99tn 2025 Appropriation Bill. Tinubu signed the budget in the presence of principal officers of the National Assembly and other top government officials in a small ceremony in his office at the State House, Abuja, on Friday. The bill was passed by the…
The Federal Government has allocated N1.99bn to procure diesel for the electric power generators for the State House in 2025. This comes amid delays in the FG’s solar power project initially slated to come on stream between December 2024 and January 2025. Sunday PUNCH gathered that the FG disbursed N88.75m for diesel within the first…
The National Assembly has passed the sum of N54,990,165,355,396 Appropriation Bill into law for the 2025 fiscal year. The 2025 Budget was passed on Thursday by the both chambers of the National Assembly after due consideration. The passage of the bill followed a recent revision by President Bola Tinubu, who raised the budget from an…
GISTSMATE MEDIA reports that President Bola Tinubu has raised the country’s proposed 2025 annual budget to N54.2 trillion from N49.7 trillion. The increase in the proposed budget size is through separate letters forwarded to both the Senate and the House of Representatives. The president in the letter read during plenary in the Senate by Senator…
Peter Obi, presidential candidate of the Labour Party in the 2023 elections, has criticised the federal government for omitting a “non-existent” North Central Development Commission (NCDC) from the 2025 budget proposal. In a post published on X, Obi said the omission of the north-central commission undermines the need for balanced development and peace in the…
As the National Assembly begins deliberations in the 2025 budget presented by President Tinubu on Wednesday, December 18, a member of the House of Representatives, Bello El-Rufai, has called on Ministries, Departments and Agencies to stop buying new vehicles and cutleries every year. Speaking on the floor of the house on Thursday, December 19, El-Rufai…
Nigeria’s president and vice president would be spending a total of N9.36 billion on refreshments and local and foreign trips, the 205 appropriation bill has shown. President Bola Tinubu had on Wednesday presented the N4.97 trillion bill to lawmakers of the National Assembly for passage. The bill has since passed its second reading. However, details…
Comrade Abubakar Mahmud, leading presidential aspirant of National Association of Nigerian Students (NANS) has commended President Bola Tinubu over allocation of N3.5 trillion for education sector in 2025 budget. In a press release sighted by our correspondent, Comr Mahmud described the move as a new dawn in the educational system of the country. The press…
A sum of N15.81 trillion has been allocated for debt servicing in the 2025 Appropriation Bill presented to the joint sitting of the National Assembly by President Bola Ahmed Tinubu. Defence and Security tops the sectoral allocations in the N47.9 trillion budget presented by the President on Wednesday. The President disclosed this while giving a…
President Bola Tinubu says the 2025 budget forecasts that inflation will decline from current 34.6% to 15% next year. He said this during his presentation of the N47.9 trillion 2025 budget proposal to a joint session of the National Assembly on Tuesday. The President also said that the exchange rate will improve from approximately N1,700…