FG Unveils N54.43trn Budget, Debt Service to Consume N15.91trn   The Federal Government has projected total revenue of N50.74 trillion for 2026, alongside a targeted economic growth rate of 4.68 per cent, while its proposed 2026 deficit has risen so sharply that it now exceeds the...

Budget Office Explains Delay in Budget Implementation Reports, Sets September Deadline for Release The Budget Office of the Federation has clarified reasons behind the delay in publishing Budget Implementation Reports (BIRs) since the second quarter of 2024, assuring stakeholders of its commitment to transparency, accountability,...

Tinubu Signs N54.99trn 2025 Budget into Law   President Bola Tinubu has signed into law the N54.99tn 2025 Appropriation Bill. Tinubu signed the budget in the presence of principal officers of the National Assembly and other top government officials in a small ceremony in his office at...

N54.99trn Budget Faces Funding Challenges as Debt Servicing Hits N14trn   On Thursday, the National Assembly passed the 2025 budget, totaling N54.99 trillion. The allocation includes N14.32 trillion for debt repayment and N13.64 trillion for recurrent expenses, such as salaries, overhead costs, and general government operations. Economists and...

Tinubu's Budget Expansion Proposal Sparks Debate Among Experts   President Bola Tinubu has raised the proposed 2025 budget from N49.7 trillion to N54.2 trillion, citing additional revenues generated by key government agencies. The president conveyed the budget adjustment in separate letters sent to both the Senate and...

Steel Ministry Refutes Claims of Budget Mismanagement   The Ministry of Steel Development's Permanent Secretary, Dr. Chris Isokpunwa, has vehemently denied allegations of budget irregularities in the ministry's 2024 budget implementation. In a statement on Friday, Isokpunwa addressed the claims of “ghost projects” and procurement irregularities, clarifying...