The deputy spokesman of the House of Representatives, Hon. Philip Agbese has assured that the parliament would work on the 2025 budget proposal in the interest of the nation. Last December 18, President Bola Tinubu presented a N49. 74 trillion budget proposal to a joint session of the National Assembly for consideration and passage. On Monday, the Chairman, House Committee …

The Debt Management Office (DMO), said, yesterday, that the Federal Government has made adequate budgetary provisions to meet Nigeria’s foreign and local debt servicing as they fall due. In the Federal Government’s 2025 budget currently before the National Assembly, President Bola Tinubu’s administration plans to spend N16. 327 trillion on its debt obligations, out of the proposed expenditure of N49.7 …

Oyo State Governor, Engr. Seyi Makinde has said his government would do more for the people of the state in 2025. In a statement by his Special Adviser on Media, Mr. Sulaimon Olanrewaju, in Ibadan, the state capital, on Wednesday, the governor said that his administration would embark on decisive actions that would increase the state residents’ spending powers and …

Governor Ahmed Aliyu of Sokoto State has signed the 2025 appropriation bill into law, reiterating his commitment to delivering more developmental projects and improving the lives of citizens across the state. During the signing ceremony on Friday, the governor described the implementation of the 2024 budget as a resounding success, emphasising his administration’s resolve to build on the achievements recorded …

Lagos State Governor, Mr. Babajide Sanwo-Olu has lauded the much-anticipated Lagos Shopping Festival, which was rounded off at the iconic Mobolaji Johnson Arena, Onikan, at 4am on Boxing Day. The governor, who was full of praise for the organisers, one of Africa’s leading Public Relations Consulting firms, Chain Reactions Africa, commended them for giving the state another pillar upon which …

Nigeria’s headline inflation rate may drop by 25 basis points to 34.5 per cent in December 2024. In a report by Afrinvest Research on Saturday, this moderation is attributed to the high base year impact on the food inflation sub-basket and a further recovery in the exchange rate, with the naira expected to strengthen to below N1,600/$ levels. The National …

The federal government is partnering with the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) to address key economic challenges and foster business growth. The minister of industry, trade and investment, Jumoke Oduwole, said this during an interactive session with members of the organised private sector on Friday in Lagos. Ms. Oduwole outlined her vision for supporting …

The Senior Special Assistant (SSA) to the Anambra State governor, Prof. Chukwuma Soludo, Amara Oyeka, on Internally Generated Revenue (IGR), has revealed that the state monthly IGR increased from N2.2 million in 2023 to N5.2 billion in 2024. Oyeka disclosed this on Thursday during the presentation and validation of the research activity carried out in 21 major markets across the …

A Northern good governance advocacy group, Northern Star Youth Empowerment Initiative has rejected the Federal Government’s tax reform bill, now before the National Assembly. The group describes itself as a non political, non tribal and non religious youth movement that aims at uniting and protecting the interests of the North. It said it is a pressure group that promotes good …

Senate President Godswill Akpabio has said that the implementation of the 2024 Appropriation Act would be extended to June 2025. During the joint session of the National Assembly where President Bola Tinubu present the Federal Government’s 2025 budget proposal, Akpabio said the bill extending the 2024 budget would soon be transmitted to the President for approval. In December 2023, the …