Tag
BUDGET
News and analysis about budget
The Rivers State House of Assembly has given Governor Sim Fubara a 48-hour ultimatum to present the 2025 budget to the lawmakers, setting the stage for a fresh political showdown in the state.
Lagos State Governor Babajide Sanwo-Olu has signed the state’s 2025 Appropriation Bill, valued at N3.36 trillion, into law.
The Federal Government has allocated N11.5 billion in the proposed N49.74 trillion budget for the 2025 fiscal year to construct 20,000 housing units under the Renewed Hope Agenda housing scheme.
Imo State Governor, Hope Uzodimma, has signed the 2025 Imo State Appropriation Bill into law, approving a total budget of N807.08 billion for the fiscal year.
Gov. Lucky Aiyedatiwa of Ondo State, on Monday, signed into law the N698.66 billion budget for the 2025 fiscal year, with 62.06% of the total allocated to capital expenditures.
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Governor Nasir Idris of Kebbi State has presented the 2025 budget proposal of N580.3 billion to the Kebbi State House of Assembly for consideration and approval.
The Governor of Ogun State, Dapo Abiodun, on Wednesday presented a proposed 2025 budget of N1.054 trillion to the State House of Assembly.
The Nigerian Senate has approved the 2025–2027 Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP) submitted by the Federal Government, setting the tone for a N47.9 trillion budget proposal for 2025.
In the one year between May 2023 and April 2024, exchange rates gain as a constituent of the monthly FAAC allocation stood at N4.23 trillion. This represents around 20% of the total FAAC allocation to the three tiers of government during the period.
On Wednesday, President Bola Ahmed Tinubu asked the Senate to pass his proposed bill on new judicial officers' remuneration so they can access fringe benefits among other allowances.
Egypt will allocate $2.66bn for bread subsidies in its 2024/2025 Budget and $3.13 billion in petroleum products subsidies according to a statement by Mohamed Mait, the country’s Finance minister.