The House of Representatives on Thursday passed the ₦54.99trn 2025 Appropriation Bill. A budget breakdown showed N3.645trn for statutory transfers, N14.317trn for debt servicing, N13.64trn for recurrent expenditures, and N23.963trn for capital expenditures (development fund). Last Week, President Bola Tinubu increased the 2025 fiscal year budget from an initial N49.7trn to N54.2trn, seeking approval from…
The President of the Senate, Godswill Akpabio, on Tuesday, said the lawmakers will receive the report on the ₦54.2 trillion 2025 budget estimates this week for possible passage. During plenary, Akpabio assured that the Senate Committee on Appropriations would present the report on the ₦54.2tn 2025 budget by Wednesday or Thursday. He made this statement…
President Bola Tinubu has raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by key government agencies. The President conveyed the budget adjustment in separate letters sent to both the Senate and the House of Representatives, which were read during plenary today by the Senate President, Godswill Akpabio. According…
The Chairman of the Senate Committee on Appropriations, Adeola Olamilekan, has affirmed January 31, 2025, as a provisional date for the passage of the 2025 ₦49.7tn budget as the committee prepares to begin budget defence on Tuesday. He made this disclosure on Monday during a meeting with the chairmen of relevant committees on the template…
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…
President Bola Tinubu is scheduled to present the 2025 proposed budget to a joint session of the National Assembly on Tuesday, December 17, 2024. The announcement was made by Senate President Godswill Akpabio during a plenary session, revealing that the President has sent a communication to that effect. “The president has made his intention known…
The Y2025 Budget proposal, tagged “Budget of Sustainability”, as proposed by Governor@jidesanwooluthis afternoon to the Lagos State House of Assembly, has a total budget size of Three Trillion, Five Billion, Nine Hundred and Thirty Five Million, One Hundred and Ninety Eight Thousand, Four Hundred and One Naira (N3,005,935,198,401), comprising a Total Revenue of Two Trillion,…
The Lagos State Governor, Babajide Sanwo-Olu, has presented the sum of Three trillion ,five billion, nine hundred and thirty five million one hundred and ninety eight thousand four hundred and one naira (N3,005,935,198,401) before the state House of Assembly as a proposed budget for the year 2025. The budget which is tagged the “Budget of…
