States Federation Allocation Increases by 69% to N5.54tn According to figures from the approved 2024 budget, the federation allocation to coffers of state governments will increase by 69% to N5.54tn in 2024. From the 2024 approved budget, states are projected to receive N2.24tn more than the...

NASS Raises Works Ministry Budget To Over N1trn The National Assembly has raised budgetary allocation to the Ministry of Works from N657.3bn in the proposed budget to N1.03tn. This represents N373bn or 56.7 per cent increase from the initial figure in the appropriation bill. It also...

2024 Budget of Renewed Hope: A Vision for Nigeria's Economic and Social Development, by Jamilu M Ja’afaru   The proposed 2024 Budget, themed the "Budget of Renewed Hope," shows a promising direction for Nigeria's economic and social development. The budget reflects the administration's commitment to addressing...

FG Raises N4.46trn Bonds To Bridge Budget Deficit   As the federal government intensified borrowing from local investors to bridge the 2023 budget deficit, the government through the Debt Management Office (DMO) raised a total of N4.46 trillion from the bond market in eight months of...

NDDC Applauds Reps For Approving N876bn Budget   The Niger Delta Development Commission (NDDC) has commended the House of Representatives for passing the N876bn of the commission for the 2023 financial year. Speaking in an interview at the NDDC headquarters in Port Harcourt, the Managing Director, Dr...

JUST IN: Buhari Signs N21.83trn 2023 Budget into Law   President Muhammadu Buhari has signed the 2023 Budget of N21.83 trillion into law. The President who took advantage of the first working day of 2023 to take the significant steps also signed the 2022 Supplementary Appropriation Bill...