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,…
The Nigerian Labor Congress (NLC) has described as “absurd” the N8 billion allocated in the 2025 federal budget to sensitize Nigerians on the need to pay electricity bills. This was revealed in a statement signed by the President of the union, Comrade Joe Ajaero on Tuesday. The Federal Ministry of Power had proposed a budget…
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…
President Bola Tinubu’s government plans to spend N8.97tn of its projected N49.70tn budget on defence, security, and infrastructure in 2025, The PUNCH has learnt. Tinubu on Wednesday presented the 2025 budget proposal to a joint session of the National Assembly, outlining an ambitious N49.70tn spending plan titled “Budget of Restoration: Securing Peace, Rebuilding Prosperity.” The…
On Wednesday, President Bola Tinubu announced that the administration has allocated N4.91tn for defence and security in the 2025 fiscal year. Additionally, Infrastructure will receive N4.06tn, Health will be allocated N2.48tn, and Education will get N3.5tn. Tinubu made the announcement during the presentation of the 2025 Appropriation Bill to a joint session of the 10th…
The Federal Executive Council has given final approval to the 2025 budget to be presented by President Bola Tinubu. Speaking to State House correspondent shortly after the FEC meeting chaired by President Tinubu at the Presidential Villa on Monday, the Minister of Budget and Economic Planning, Atiku Bagudu said the total 2025 expenditure is projected at forty-seven…
