I had wanted to write on the proposed 2025 federal budget when it was presented to the National Assembly for consideration late last year but other interests crept in. Immediately President Bola Tinubu sent a revised proposed budget to parliament increasing it from N49 trillion to N54 trillion, I knew it was time to visit the matter. President Tinubu’s first …

The House of Representatives, on Thursday, passed the ₦54.99 trillion 2025 Appropriation Bill. The presidency says the ₦54.99 trillion budget is structured to address key national financial commitments. Statutory transfers account for ₦3.645 trillion, ensuring funding for constitutionally mandated entities. A significant portion, ₦14.317 trillion, is allocated to debt servicing, reflecting Nigeria’s ongoing fiscal obligations. Recurrent expenditure, covering salaries, overheads, …

Former Vice-President Atiku Abubakar has warned the federal government that the $1.07 billion allocated to the health sector in the 2025 budget should not be misused. In a statement in Abuja, Atiku asked that mechanisms must be put in place to ensure the funds are used to improve healthcare services rather than vanish under suspicious circumstances. The Peoples Democratic Party …

The Civil Society Legislative Advocacy Centre (CISLAC) has expressed deep concerns over President Bola Tinubu’s proposal to increase the 2025 budget from ₦49.7 trillion to ₦54.2 trillion. While acknowledging reported additional revenues from key government agencies, CISLAC considers this move unprecedented and potentially unconstitutional. In a statement by the Executive Director of CISLAC, Auwal Ibrahim Musa (Rafsanjani), the organisation referenced …

President Bola Tinubu has asked the National Assembly to increase the proposed 2025 budget from N49.7 trillion to N54.2 trillion, an increase of N4.5 trillion over that present the President last December. President Tinubu’s request was contained in a letter read by Senate President Godswill Akpabio on the floor of the red chamber on Wednesday. Last year, the Senate and …

The Peoples Democratic Party (PDP) in Ondo State has criticised Governor Lucky Aiyedatiwa over the recently signed 2025 state budget, labelling it a “budget of looting” due to what it described as wasteful and dubious allocations. Governor Aiyedatiwa signed the N698.6 billion budget into law a week after its passage by the state House of Assembly. The budget allocates N265.04 …

The Senate Committee on Information and National Orientation on Tuesday described the N8.9 billion 2025 budget allocation to the Federal Ministry of Information and National Orientation as inadequate. Consequently, the committee summoned the Minister of Budget and Economic Planning, Atiku Bagudu, to appear before it for consultations on increasing the ministry’s budget allocation. The Chairman of the Committee, Kenneth Eze …

The Senate on Thursday took on the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, over how much the Federal Government has saved and spent since the removal of fuel subsidy in June 2023. Edun, who appeared before the Senate for the defence of the 2025 budget, was also taken to task on how much the Federal …

The Lagos State N3.366 trillion 2025 appropriation bill, signed into law by Governor Babajide Sanwo-Olu on Thursday, has once again shown that the Centre of Excellence continues to prove its worth and mettle as a pacesetter for the rest of the federating units. Just like the previous year, the 2025 Appropriation Bill represents a 32.5 per cent increase over the …

Borno State Governor, Prof. Babagana Zulum has signed the state’s 2025 appropriation bill into law. It is valued at about N615.8 billion. The governor assented to the bill on Monday during a brief ceremony at the Council Chamber of Government House in Maiduguri, the state capital. While assenting to the budget named ‘Budget of Recovery and Continuity’, Zulum promised to …