The House of Representatives Committee on Solid Minerals has requested a comprehensive report from the Minister of Solid Minerals, Dele Alake, detailing the utilization of funds allocated to the ministry in the 2024 budget. This demand was made during a budget defense session where the Permanent Secretary of the ministry, Mary Ogbe, represented the Minister. … Read more
The Nigerian Senate is set to approve President Bola Tinubu’s $2.2 billion (approximately ₦1.77 trillion) external loan request aimed at addressing the ₦9.7 trillion deficit in the 2024 budget. The request, outlined in letters presented during Tuesday’s plenary sessions of the Senate and House of Representatives, is part of the government’s external borrowing plan … Read more
President Bola Tinubu has submitted a request to the National Assembly for approval of a fresh external borrowing plan amounting to ₦1.767 trillion. The loan is intended to partially bridge the ₦9.7 trillion budget deficit in the 2024 appropriation act. The Speaker of the House of Representatives read the president’s request during Tuesday’s plenary. If … Read more
Benue State Governor, Hyacinth Alia, has approved a new minimum wage of ₦75,000 for workers in the state, effective November 2024. The Governor made the announcement today at the State Secretariat following a meeting with representatives of organized labour. EDITOR’S PICKS Trump Taps Fox News Host Pete Hegseth As Defence Secretary Sanwo-Olu Appoints Barr. … Read more
The Court of Appeal on Thursday in Abuja upheld Hon. Martin Amaewhule as the legitimate Speaker of the Rivers State Assembly, solidifying his faction’s authority. EKO HOT BLOG reports that a three-member panel of Justices dismissed an appeal by Rivers State Governor, Siminalayi Fubara, who had challenged Amaewhule’s leadership. The ruling reaffirmed an earlier Federal … Read more
The National Assembly has scheduled an emergency meeting for Thursday to resolve discrepancies between the Senate and House versions of the 2024 budget. EKO HOT BLOG reports that the National Assembly has scheduled an emergency meeting for Thursday to address and correct an error in the 2024 budget. According to The Sun, sources within the National … Read more
Over 600,000 Nigerian households received direct cash transfers as the federal government resumed its payment scheme to improve social welfare and economic recovery. EKO HOT BLOG reports that Nigeria’s finance minister, Wale Edun, announced that over 600,000 households have received direct cash transfers from the federal government as part of the resumed payment scheme. Edun spoke … Read more
The Lagos State Government allocated 23% of its 2024 budget to infrastructural renewal and development to modernize the city and support its growing population. EKO HOT BLOG reports that the Lagos State Government has disclosed that 23% of the 2024 budget has been allocated to infrastructural renewal and development across the state. Ope George, the Commissioner … Read more
Lagos has set a date for its 2025 budget consultative forum where residents can make requests. Eko Hot Blog reports that the administration of Lagos State Governor Babajide Sanwo-Olu is set to commence town hall meetings to engage residents in the formulation of the 2025 budget. In a statement announcing the move on Friday, the … Read more
The Federal Government said the proposed N6.2 trillion addition to the 2024 budget will be allocated to enhancing road infrastructure and other developmental projects across the country. Eko Hot Blog gathered that Senator Atiku Bagudu, the Minister of Budget and National Planning, made this known on Friday during an interactive session with the Senate Committee … Read more
President Bola Tinubu has requested the national assembly to increase the 2024 appropriation act by N6.2 trillion. In a letter read by Senate President Godswill Akpabio on Wednesday, Eko Hot Blog gathered that the proposed increase would raise the 2024 budget to N34.9 trillion, up from the initial N28.7 trillion budget signed into law on … Read more
The Presidency has denied allegations by Peter Obi that the Tinubu administration plans to run four budgets within a fiscal year, calling the claims misinformation. EKO HOT BLOG reports that the Presidency has dismissed claims by the non-profit organization BudgIT that President Bola Tinubu’s administration plans to run four budgets within a fiscal year. The Senate … Read more
Eko Hot Blog reports that the Senate has hinted at the possibility of lifting Senator Abdul Ningi’s suspension (PDP, Bauchi). Recall that the Ningi was given a three-month suspension by his colleagues. The embattled lawmaker had publicly alleged that the Upper Chamber “padded“ the 2024 Budget to the tune of N3.7 trillion. Editor’s Picks BREAKING: … Read more
Eko Hot Blog reports that Crude oil price on Monday increased to $87 per barrel — highest since October 2023. Brent crude increased by 0.56 percent to $87.54 a barrel while US West Texas Intermediate (WTI) crude rose 0.79 percent, to $83.83 percent, at 20.00 WAT. Editor’s Picks Naira Maintains Streak, Appreciates To 1,250/$ JUST … Read more
Eko Hot Blog reports that the Nigerian Senate under the leadership of senator Godswill Akpabio is set to review the three-month suspension handed to Bauchi Central Senator, Abdul Ningi, over his allegation of a N3.7 trillion padding of the 2024 budget. Senate President Godswill Akpabio who gave the update on Friday, said Ningi’s suspension would … Read more
Eko Hot Blog reports that the Northern Senators Forum has named Senator Abdulaziz Yar’Adua as its new chairman following the resignation of Bauchi Central Senator, Abdul Ningi. Yaar’Adua, a member of the All Progressives Congress (APC), is the lawmaker representing Katsina Central in the upper chamber of the National Assembly. Senator Tahir Montuno also emerged … Read more
EKO HOT BLOG reports that the presidential candidate of the Labour Party, Peter Obi, said the suspension of Senator Abdul Ningi by the Senate has not addressed vital issues in the allegation of the lawmaker. Obi stated this in a statement via his X handle on Wednesday. According to him, the fuss over the alleged N3 … Read more
Eko Hot Blog reports that in a pivotal session at the Senate, Senator Opeyemi Bamidele representing Ekiti Central Senatorial District took the floor to address the ongoing 2024 budget discussions, urging his colleagues to focus on stability within the Senate and the equitable distribution of funds rather than individual personalities. Editor’s Pick FG To Establish … Read more
EKO HOT BLOG reports that Senator Shehu Sani has disclosed the potential consequences facing Bauchi Central Senator, Abdul Ningi following his three-month suspension by the Senate. This online meedia platform earlier reported that Ningi, a chieftain of the Peoples Democratic Party (PDP), was suspended during Tuesday’s plenary over allegations of padding the 2024 budget by the … Read more
Eko Hot Blog reports that the Socio-Economic Right And Accountability Project (SERAP) has announced that it will sue the Nigerian Senate for what it termed the unlawful suspension of Senator Abdul Ningi. The right group, which described the embattled senator as a whistleblower, announced its decision in a post on its official X account shortly … Read more