According to the proposed 2025 budget, the Federal Government has budgeted N6.21bn for salaries of workers of the moribund Ajaokuta Steel Company for next year.

FG Allocates N3.6bn for Expansion of Aviation Colleges in Five Locations   The federal government is planning to establish annexes of the Nigerian College of Aviation Technology (NCAT) in five geopolitical zones of the country. Towards this end, the government has made a budgetary provision of N3,680,000,000...

N2bn Vehicles for SSAs, N780m for Terrorism Prosecution in Latest FG Budget   The Federal Government has earmarked over N780m for prosecuting terrorism-related cases, anti-money laundering initiatives, and other criminal matters in 2025. According to the 2025 Appropriation Bill, N530m has been allocated for the management of...

2025 Budget: Debt Servicing, Salaries take N24.8tn The Federal Government plans to spend N8.52tn (inclusive of government enterprises) on personnel and pension costs for federal workers next year, an analysis of the 2025 Appropriation Bill has shown. This amount is an increase of N3.17tn or 59.16...

2025 Budget Scales Second Reading The 2025 Appropriation Bill and the Bill to extend the 2024 capital component to June 30, 2025 have scaled second reading before the House of Representatives. The two bills were passed after contributions and observations by members at the plenary on...

Tinubu’s 2025 Budget Proposal Targets N1,500/$ Exchange Rate, 15% Inflation Rate   President Ahmed Bola Tinubu presented the proposed 2025 budget to the joint session of the National Assembly on Tuesday. The Budget is built on key assumptions, including an exchange rate of N1,500 to the...