House of Representatives Speaker Tajudeen Abbas has said the National Assembly will pass the 2024 budget on Saturday, 30 December. Abbas spoke when the House resumed plenary yesterday in Abuja. The Speaker passed a message from the Committee on Appropriation to various committees of the House that they must conclude and submit their reports of the budget defence by agencies …

The Joint National Assembly Committee on Appropriations yesterday gave the standing committees in both chambers a 48-hour ultimatum to submit their reports on the 2024 budget. The chairman of the joint committee, Senator Solomon Adeola, issued the order. He said the move became necessary to enable the National Assembly pass the N27.5 trillion 2024 budget before the end of this …

Renowned economist, Dr. Ayo Teriba has applauded Lagos State’s N2.23 trillion budget estimate for 2024, describing it as record-setting, audacious and impressive because the project proposed for the budget will be funded from Internally Generated Revenue (IGR). Teriba, who gave the commendation on Thursday on Arise News Global Business Report, noted that the N1.2 trillion of the projected N1.8 trillion …

Rivers State Governor, Sir Siminalayi Fubara, on Thursday, signed into law the 2024 Appropriation Bill of N80 billion. This came a day after he presented the budget estimates to the state House of Assembly, led by Rt. Hon. Edison Ehie. Ehie and his loyalists speedily approved the bill. The signing ceremony was held in the conference room of the Governor’s …

Chairman of the Senate Committee on Defence, Senator Ahmad Lawan has assured that the Defence Space Administration (DSA) would be given adequate funding in the 2024 budget to enable the agency discharge its mandate effectively. When DSA management appeared before the Senate Committee on Defence to defend its budget estimates for the 2024 fiscal year on Thursday, the former Senate …

In 2024, Lagos State will sustain its investment momentum towards expanding the growth of the economy. Governor Babajide Sanwo-Olu, on Wednesday, presented an estimate of N2.2 trillion expenditures to the House of Assembly for next year, proposing increased capital spending across key priority areas in the Economic Affairs sector. There will be renewed focus on Works and Infrastructure next year, …

The 2024 budget proposal of N2.246 trillion presented by Governor Babajide Sanwo-Olu on Wednesday faces the realities of daunting economic challenges and must be tailored towards improving the lives of residents, according to the Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa. Immediately after the presentation of the budget proposal by the governor at the Assembly …

Lagos State Governor, Mr. Babajide Olusola Sanwo-Olu will today (Wednesday) present the state’s 2024 budget before the House of Assembly. According to the Commissioner for Information and Strategy, Mr. Gbenga Omotoso, the Appropriation Bill, which will highlight the details of planned capital projects, recurrent expenditure and anticipated revenue for the fiscal year, will be laid for consideration before the lawmakers. …

The Peoples Redemption Party (PRP) has said that the 2024 budget recently submitted to the National Assembly by President Bola Tinubu was aimed at continuous impoverishment of the people. It said a government that claimed to have inherited a bankrupt and empty treasury appears not to be circumspect of the state as its actions particularly in making appointments does not …

Oyo State Governor, Seyi Makinde, has defended the state’s proposed 2024 budget, which includes an allocation of N19,207,579,201.00 (Nineteen billion, two hundred and seven million, five hundred and seventy-nine thousand, two hundred and one naira) to the Governor’s Office. The proposal, which he said, might be subject to criticisms, became necessary, arguing that the allocation is necessary to effectively manage …