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...
NASS Session Turns Rowdy as IG Defends Police Budget
A heated argument erupted at the National Assembly Complex on Thursday during the 2025 budget defence presentation by Inspector General of Police, Kayode Egbetokun.
Trouble began when Egbetokun was providing a breakdown of funds allocated for the...
2025 Budget: Senate to Suspend Plenary Sessions for Two Weeks
The Senate has announced plans to suspend plenary sessions for two weeks, starting from January 14, when the National Assembly resumes from its holiday break.
It explained that this would enable the Appropriation sub-committees of both...
Tax Reforms to Promote Fairness, Says Tinubu
President Bola Tinubu recently defended his four tax reform bills, which are currently under consideration by the National Assembly.
These bills aim to streamline tax administration, enhance revenue generation, and promote equitable resource allocation, ultimately making Nigeria more competitive...
NATCOMS to Petition National Assembly Over 5% Tax
The National Association of Telecoms Subscribers (NATCOMS) will write to the National Assembly over the Federal Government’s renewed push to impose a five per cent excise duty on telecommunications services.
The group is set to meet this Wednesday...
