2025 Budget: Lawmakers Criticise FG’s Envelope System

Lawmakers have condemned the envelope system of funding the annual budget, describing it as anti-democratic and calling for its discontinuation by the federal government. The Senate expressed this disapproval as the Appropriations Committee started receiving findings from several Senate committees on Thursday. The committee urged the government to take a more effective and needs-based approach,…

Read More

Tinubu Seeks Oil Production in Ogoniland, Urges NSA and NNPCL to Engage in Talks

President Bola Tinubu on Tuesday directed the National Security Adviser (NSA), Nuhu Ribadu, to coordinate negotiations with various parties within Ogoniland in the oil-rich Niger Delta area to resume oil production in the area. The President, who gave the directive in Abuja when he received Ogoni leaders including Governor Siminalayi Fubara at the Aso Villa,…

Read More

Trump’s Inauguration: Nathaniel Bassey, Pastor Kumuyi, Others gets US Presidential Invite

The General Superintendent of the Deeper Christian Life Ministry, DCLM, Pastor Williams Kumuyi will join other world leaders to witness the inauguration of the United States, US, President-elect, Donald Trump. Trump would be inaugurated as the 47th president of US on January 20, 2025 at Washington DC. However, speaking, Kumuyi said the meeting is a…

Read More

INEC Proposes N126bn Budget For 2025, Asks NASS For Approval

The Independent National Electoral Commission (INEC) has proposed N126 billion for its 2025 budget. The Chairman of the Commission, Prof Mahmood Yakubu, presented while defending the 2024 budget implementation before the National Assembly on Friday. He begged the National Assembly to accept the 2025 budget, which is almost three times larger than the one passed…

Read More

Debt Servicing, Salaries Account for N24.8 Trillion in the 2025 Budget

An analysis of the 2025 Appropriation Bill shows that the Federal Government plans to spend N8.52tn (inclusive of government enterprises) on personnel and pension costs for federal workers next year. This amount is an increase of N3.17tn or 59.16 percent from the 2024 provision of N5.35tn. The document also showed that government expenses on salaries…

Read More

FG, States, and LGCs to Share ₦1.727 Trillion in November 2024 Revenue

A total of ₦1.727 trillion, November 2024 Federation Accounts Revenue, has been shared between the Federal Government, States, and Local Government Councils. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in Abuja. This was disclosed in a statement signed by FAAC Director of Press and Public…

Read More