FG Anticipates N6tn Domestic Loan to Address Budget Shortfall – Report Nigeria is projected to depend heavily on N6tn in domestic borrowing to address budget shortfalls. According to a recent report by Afrinvest, titled ‘Bank Recapitalisation: Catalyst for a $1tn Economy’, the government is anticipated to...

REA Announces Completion Of N28.7bn Projects From 2023 Budget   The Rural Electrification Agency (REA) yesterday said it has completed N28.7 billion projects out of its N31.7 billion allocation in 2023. Its Acting Managing Director, Engr. Abba Aliyu said this during the presentation of REA 2023...

According to Ope George, the commissioner for economic planning and budget, the Lagos State Government says that considerations will be made in future budgets with respect to infrastructural development to cater for an increasing population. 

Reps Amend Appropriation Bill, Increase 2024 Budget to N35.055trn The House of Representatives on Tuesday, July 23, amended the 2024 appropriation bill to increase the 2024 budget from N28. 777 trillion to N35.055 trillion. This followed the consideration of the report of the House Committee on...

FG Releases N1.2tn for Capital Projects The Federal Government released a total sum of N1.23tn to 17 ministries for the implementation of capital projects aimed at advancing development and infrastructure initiatives as of September 30, 2023. An analysis of the Budget Implementation Report for the third...

President Tinubu Rejects Allegations of N3.7 Trillion Budget Padding, Affirms Senate's Integrity President Tinubu has strongly rejected allegations that the Senate added N3.7 trillion to the 2024 budget, describing the claims as baseless. Speaking from the State House in Abuja on Thursday, the President stated...