FG Clears N2trn Contractor Debt, Plans 2025 Capital Budget
The Federal Government has cleared over N2tn in outstanding capital budget obligations from the 2024 fiscal year, with a pledge to prioritise the timely release of 2025 capital funds.
The Minister of Finance and Coordinating Minister of...
The World Bank says it has approved $300 million to fund a new project aimed at improving access to services and economic opportunities for internally displaced persons (IDPs) and their host communities in northern Nigeria.
The World Bank has approved a total of $8.40bn (N12.89tn) in fresh loans to Nigeria over the past two years, according to data obtained from the bank’s official website.
FG Spends N88bn Fixing Vandalized Power Towers
The Transmission Company of Nigeria (TCN) has disclosed that a sum of N88bn was spent by the Federal Government on the repair and restoration of power transmission facilities vandalised across the country from 2021 to date.
The TCN Principal...
N80bn Spent on Travels by 29 Governors in Six Months
Fresh findings have revealed that 29 state governors spent N79.97bn on domestic and international travel expenses between January and June 2025.
This made the financial prudence and spending discipline of state governors come under intense public...
Electricity Subsidy Surges by 220%, Reaches Almost N2trn
The Federal Government’s electricity tariff subsidy jumped from N610bn in 2023 to N1.94tn in 2024. This represents a 219.67 per cent increase in yearly subsidy funding, despite the Band A tariff hike of April 2024.
The Nigerian Electricity...
