Senate Consents to Tinubu’s Loan Request of $7.4 billion, 100 million Euros The Senate has approved President Bola Tinubu’s request on the 2022-2024 external borrowing plan of $7.4 billion and 100 million euros. This followed the adoption of the report of the Senate Committee on Local...

UPDATE: Key Fundamentals of N28.7trn 2024 Appropriation Bill Passed by Senate   The Nigerian Senate has passed the 2024 Appropriation Bill. The Senate also increased the bill by a total of N1.2tn, moving the budget from the N27.5tn submitted by President Bola Ahmed Tinubu to N28.7tn. The budget...

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...