FG Approves AfDB’s $1bn Loan The Federal Executive Council (FEC) has approved a concessional budget support financing of $1 billion from the African Development Bank (AfDB). Minister of Finance and Coordinating Minister of the Economy, Wale Edun, announced this on Monday after the federal cabinet meeting...

2024 Budget: FEC Approves N27.5trn Appropriation Bill The Federal Executive Council (FEC) has approved the 2024 Appropriation Bill with aggregate expenditure of N27.5 trillion. The Minister of Budget and Economic Planning, Alhaji Atiku Bagudu, announced this on Monday after the Federal Executive Council meeting presided over...

Supplementary Budget: Tinubu to Spend N28bn on State House Facilities, Vehicles   President Bola Ahmed Tinubu has made budget proposal of 28 billion to be spent on facilities and vehicles in the Presidential Villa. The Federal Executive Council (FEC) had on Monday approved a supplementary budget of...

FEC Meetings Should not Hold Without Country's Statistician-General - Shehu Sani  Senator Shehu Sani has expressed worry that the Federal Executive Council (FEC) meetings hold on a regular basis without the Statistician-General of the Federation or any representative of the National Bureau of Statistics (NBS)...

Budget: N2.1trn Supplementary Appropriation Bill Scales Second Reading The 2023 Supplementary Appropriation Bill expeditiously scaled second reading on Tuesday in the House of Representatives as lawmakers said it is for the benefit of the country. President Bola Tinubu had written the House seeking the approval of...

2023: FEC Approves N2.2tn Supplementary Budget The Federal Government has approved a N2.18tn supplementary budget for the 2023 fiscal year. This would fund urgent issues including national defense and security. The supplementary funding was also targeted at providing welfare packages for workers and Nigerians at large. The...