The Federal Government is extending the life span of its 2024 budget by another six months, a development which has consolidated on its culture of running multiple budgets in a single fiscal year. The development also indicates that the efforts of the House of Representatives since 2024 to curb this practice may have failed. Yesterday, the Senate began the legislative …

The Federal Government has reiterated its commitment to the full implementation of the 2024 Budget. It also pledged to promote a transparent and efficient financial management system. The commitments were made yesterday by the Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun. He spoke during a meeting with the House of Representatives Committee on Public Accounts at the …

The House of Representatives has passed the amended 2024 budget at ₦35.5 trillion, showing an increase from the ₦28.7 trillion initial budget. The amendment sought by President Bola Tinubu in his letter last week was ₦6.2 trillion. The ₦35.5 trillion passed shows an increase of ₦600 billion. The House has also passed the minimum wage bill and the police act amendment …

President Bola Tinubu has forwarded to the Senate for consideration and approval the injection of N6.2 trillion into the N27.5 trillion 2024 budget. The President, in the request via a letter read on the floor of the Senate by its President, Godswill Akpabio, during plenary on Wednesday, specifically sought for withdrawal of N3.2 trillion from the Consolidated Revenue Fund, for …

The Senate has suspended Senator Abdul Ningi over allegations of padding of the 2024 budget. Ningi, a member of the Peoples Democratic Party representing Bauchi Central senatorial district, was suspended for three months after a long stormy session in the red chamber. A member of the Appropriation Committee in the Senate, Senator Jimoh Ibrahim first moved the motion for Ningi’s …

The National Assembly would need to revisit the N28.77 trillion 2024 budget, the Senate has said. The Red Chamber explained that there was a need to revisit the budget following the incessant fall of the naira against the United States dollar. The National Assembly has passed a harmonised 2024 budget Appropriation Bill totalling N28.77 trillion which was eventually passed on …

The Veterinary Council of Nigeria (VCN) has expressed displeasure over its exclusion from the list of health regulators reconsidered for funding in the 2024 budget. VCN president, Dr Moses Arokoyo, conveyed the association’s stance in a statement in Abuja yesterday. Arokoyo said it was no longer news that 75 per cent of emerging and re-emerging human diseases were of animal …

Coalition of Civil Society Organizations (CCSO) under the aegis of Community Advancement and Humanitarian Empowerment Initiative in Nigeria (CSCHEI), on Thursday, unveiled plans to monitor and evaluate the implementation of the N28.777 trillion Appropriation Expenditure for the 2024 fiscal year. The Appropriation Bill, which was passed by the National Assembly during a special plenary session held on Saturday, 30 December …

The Leader of the Senate, Senator Opeyemi Bamidele, has revealed that the federal government will clamp down on economic saboteurs who made life difficult and unbearable for Nigerians next year. Bamidele, who was the chairman of the Southern Senators Forum in the ninth National Assembly, insisted that the National Assembly would pass the 2024 appropriations bill on December 30 to …

Year 2024 looks rosy for the nation’s 36 states including the Federal Capital Territory as the governors presented a whopping sum of N15.91 trillion budget for the new year. President Bola Ahmed Tinubu had in late November 2023 presented to a joint session of the National Assembly a N27.50 trillion budget. The budget tagged the Budget of Renewed Hope is …