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 …

President Bola Tinubu has said that Nigeria’s national defence and internal security, local job creation, macro-economic stability, investment environment optimisation, human capital development, poverty reduction, and social security are some of the top priorities of the 2024 Budget of Renewed Hope. The President told a joint session of the National Assembly on the 2024 Federal budget proposal on Wednesday in …

The much anticipated federal budget proposal for 2024 will be presented to the National Assembly next month, according to the Chairman of the Senate Committee on Appropriation, Senator Solomon Adeola. After the inaugural meeting of the committee on Wednesday, Adeola, a member of the ruling All Progressives Congress representing Ogun West district, said that the National Assembly is expecting the Federal …

Debt servicing by the Federal Government is to increase from N6.31 trillion in 2023 to N8.25 trillion in the 2024 budget estimates, according to findings by The PUNCH. This is an increase of 30.74 per cent. Amid concerns for a reduction in the cost of governance, the Federal Government is also proposing to increase budget for personnel and pension from …