Abuja, Nigeria – January 6, 2026: The Budget Office of the Federation (BOF) has clarified that the recent repeal and re-enactment of the 2024 and 2025 Appropriation Acts are fully in line with Nigeria’s Constitution, fiscal laws, and legislative practice. Addressing public concerns regarding alleged constitutional breaches, fiscal illegality, and restricted access to budget documents,…
Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has stressed that the proposed ₦4.237 trillion 2026 budget must align with the people’s aspirations and address the most pressing social and economic needs. Obasa made the remarks on Tuesday during Governor Babajide Sanwo-Olu’s formal presentation of the 2026 Appropriation Bill, tagged the “Budget of…
The Jigawa State Government has approved a supplementary budget of ₦75 billion for the 2025 fiscal year, which will soon be submitted to the State House of Assembly for consideration. This was disclosed by the Commissioner for Information, Youth, Sports, and Culture, Mr. Sagir Musa, on Wednesday in Dutse, following a meeting of the State…
UN Secretary-General António Guterres has proposed a 15% reduction in the organization’s regular budget for 2026, citing persistent liquidity challenges that have worsened due to policies under U.S. President Donald Trump. According to a senior UN official, the revised budget figure stands at $3.238 billion, down from the previously planned $3.7 billion, and would lead…
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…
