The House of Representatives on Tuesday corrected errors in the N54.99 trillion 2025 budget, making adjustments to recurrent and capital expenditure figures while maintaining the overall budget size.
The corrections followed a motion of rescission moved by Francis Waive, Chairman of the House...
The Senate and House of Representatives have approved the N54.9 trillion 2025 budget presented by President Bola Ahmed Tinubu.
The budget allocates:
N3.64 trillion for statutory transfers
N14.31 trillion for debt servicing
N13.06 trillion for recurrent expenditure
N23.96 trillion for capital projects
The bill now awaits presidential assent to become law.
President Bola Tinubu has requested an upward revision of the proposed 2025 budget from N49.7 trillion to N54.2 trillion, citing additional revenue generated by key government agencies.
In a letter addressed to Senate President Godswill Akpabio, which was read during plenary on Wednesday,...
The Senate has announced January 31 as the tentative date for passing Nigeria’s 2025 budget, valued at N49.7 trillion. This was disclosed by Senator Solomon Olamilekan Adeola (APC, Ogun West), Chairman of the Senate Committee on Appropriations, during a...
In the 2025 national budget proposal, federal Ministries, Departments, and Agencies (MDAs) are set to allocate a staggering N14.3 billion for the purchase of computers. According to an analysis of the budget by Daily Trust, 20 of these agencies will...
The Senate has announced that the ₦49.7 trillion budget for the 2025 fiscal year is unlikely to be passed before January 31, 2025.
This comes after President Bola Ahmed Tinubu presented the proposed budget to a joint session of the...
President Bola Ahmed Tinubu on Wednesday presented a N47.96 trillion 2025 Appropriation Bill to the joint session of the National Assembly, prioritizing defence, security, and infrastructure.
Defence and security received the highest allocation of N4.91 trillion, followed closely by infrastructure...
President Bola Tinubu is set to present the 2025 Appropriation Bill, amounting to N47.9 trillion, to a joint session of the National Assembly on Tuesday, December 17, 2024.
This was confirmed by Senate President Godswill Akpabio during Thursday’s plenary. Tinubu...
President Bola Ahmed Tinubu will formally present the 2025 budget proposal to a joint session of the National Assembly on Wednesday.
The announcement was made by Dr. Ali Barde Umoru, Secretary of Research and Information at the National Assembly, during...
