Implementation of 2023 Supplementary Budget Extented till March 31st, 2024 - Senate The Senate has approved the extension of implementation of the supplementary appropriation bill from 31st December 2023 to March 31st 2024. The move comes after the Leader of the Senate, Senator. Opeyemi Bamidele presented...

2024 Budget: N’Assembly Advocates more Allocation for FERMA The National Assembly has said that the Federal Road Maintenance Agency is poorly funded and has advocated increased budgetary allocation for improved roads. A statement issued in Abuja on Thursday by the agency’s Director of Communications and Public...

Senate Probes Customs Over Alleged Failure to Remit N62bn   The Senate Public Account Committee has launched investigation into how Nigerian Customs Service failed to remit N62bn generated by the agency. This is contained in the 2017 Auditor General Report, which is currently being considered by the...

Senate: Capital Projects to Gulp N8.7trn as Tinubu Presents N27.5trn Budget  President Bola Tinubu has presented the N27.5 trillion budget estimates for the 2024 fiscal year to a joint session of the National Assembly for consideration. The fiscal document tagged “Budget of Renewed Hope’’ was presented...

Senate Approves 2024-2026 MTEF, to Probe Tax Waivers from 2015 Senate has approved the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The upper legislative chamber also ordered investigation into all tax waivers since 2015 and directed that waivers not directly linked to...

Senate Approves Tinubu’s Request to Borrow $7.8Bn, €100M After Approving N2.17trn The Nigerian Senate has approved the sums of 7.8 billion dollars and 100 million euros in President Bola Ahmed Tinubu’s proposed 2022–2024 borrowing plan. The president had written to the Senate requesting consideration and early...