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...

Tinubu Seeks Fresh Approval of $7.8bn, €100m Loans President Bola Tinubu has approached the Senate for the approval of another $7.8bn and €100m loans, barely 24 hours after seeking approval of the N2.18tn supplementary budget. The request of the President was contained in a letter to...

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...

2023 Supplementary Budget: Tinubu Prioritises Nigerians Security    The N2.176trn 2023 supplementary budget proposal by President Bola Tinubu, submitted to the House of Representatives on Tuesday, prioritised the security of Nigerians and their property as defense got the highest allocation of N476.543bn. Given the activities of bandits...

FG Plans to Launch One Million CNG Vehicles by 2027   The Federal Government has revealed plans to introduce one million Compressed Natural Gas (CNG) powered vehicles by 2027. The announcement was made by the Special Assistant to the President on Special Duties and Domestic Affairs, Toyin...

Tinubu Calls for N2tn Discos' Recapitalisation, Tariff Review President Bola Tinubu says Nigeria’s power sector privatisation had failed to meet its objectives, as the national grid was serving only about 15 per cent of the country’s electricity demand despite being privatised 10 years ago. Tinubu, who...