APC Defends Tinubu Over 2025 Revenue Achievement. APC hails achievement, opposition dismisses it as empty figures. Economists warn borrowing and hardship still undermine fiscal gains. The All Progressives Congress (APC) and opposition parties clashed on Wednesday over President Bola Tinubu’s declaration that Nigeria had achieved its 2025 revenue target by August. EDITOR’S PICKS How Nigeria’s … Read more
Kano State 2025 Budget Now Exceeds N935 Billion Assembly Vows to Oversee Budget Spending Governor Yusuf’s Supplementary Budget The Kano State House of Assembly has passed a N215.3 billion supplementary budget for the 2025 fiscal year. This approval, which followed a request from Governor Abba Yusuf, brings the total state budget to more than N935 … Read more
Governor Adeleke signs ₦427 billion 2025 budget into law. Assembly increases budget by ₦37 billion from initial proposal. Ministries tasked with ensuring effective budget implementation. Osun State Governor, Ademola Adeleke, has signed the ₦427 billion 2025 appropriation bill into law. The signing ceremony took place on Monday at the Exco Lounge, Governor’s Office, in the … Read more
The Federal Government has proposed a budget of N38,030,008,805 for feeding inmates in Nigerian custodial centres in 2025, alongside other significant allocations aimed at improving correctional services. In light of recurring jailbreaks and deteriorating infrastructure, N7.2 billion has been earmarked for the upgrade of correctional facilities to provide a safer and more conducive environment for … Read more
Former Vice President Atiku Abubakar has slammed the N49.7tn 2025 budget proposed by President Bola Tinubu, saying it is inadequate to address Nigeria’s structural and economic challenges. Atiku, in a statement on Sunday, said the 2025 budget’s capacity to foster sustainable economic growth and tackle Nigeria’s deep-rooted challenges is questionable EKO HOT BLOG recalls that … Read more
No fewer than 10 federal ministries and agencies have been allocated over ₦1 trillion each in the 2025 budget. EKO HOT BLOG reports that the allocations are detailed in the 2025 Appropriation Bill presented to the National Assembly. The ministries receiving significant funding include Police Affairs, Interior, Defence, Finance, Power, Works, Budget and Economic Planning, … Read more
FG budgets ₦6.36bn to renovate Tinubu and Shettima’s residences. ₦1.83bn allocated for converting EFCC-forfeited properties to State House quarters. Presidential Villa maintenance will cost ₦5.49bn in the 2025 budget. The Federal Government has earmarked a staggering ₦6.36bn for the renovation and rehabilitation of residential quarters for President Bola Tinubu, Vice President Kashim Shettima, and their … Read more
Doyin Okupe, the former presidential spokesman, has praised President Bola Tinubu’s allocation of N4.91 trillion to defence and security in the 2025 budget. Eko Hot Blog reports that Okupe acknowledged that this move demonstrates the administration’s commitment to ending insurgency and other security challenges, as well as their political will to achieve these goals. EDITOR’S … Read more
FG allocates ₦27bn for Obasanjo, ex-leaders, professors in 2025 budget. Beneficiaries include Obasanjo, Buhari, Gowon, and retired top officials. ₦500bn earmarked for student loans and social investment programmes. The Federal Government has allocated ₦27bn for the entitlements of former leaders and retired officials in the 2025 fiscal year. Beneficiaries include ex-presidents Olusegun Obasanjo, Goodluck … Read more
Opposition parties criticized Tinubu’s N47.9tn 2025 budget as unrealistic and impractical. They flagged concerns over borrowing reliance, inflation targets, and poor implementation. Calls were made for transparent policies to tackle economic challenges effectively. The Coalition of United Political Parties (CUPP), Peoples Democratic Party (PDP), and New Nigeria Peoples Party (NNPP) have expressed strong reservations about … Read more
The 10th Senate, under the leadership of Godswill Akpabio, on Thursday, advanced the ₦49.7 trillion 2025 Budget to its second reading. EKO HOT BLOG reports that the budget received approval during plenary after extensive deliberations. The budget, presented the previous day by President Bola Tinubu, was subsequently referred to the Committee on Appropriations, chaired by … Read more
The Peoples Democratic Party (PDP) has faulted the 2025 budget proposal presented by President Bola Ahmed Tinubu, describing it as “unrealistic, opaque, and insincere.” PDP National Publicity Secretary, Debo Ologunagba, via a statement on Wednesday said the budget was anti-people, warning that its implementation would worsen insecurity, poverty, and despair across the nation. Tinubu unveiled … Read more
The Public Accounts Committee of the House of Representatives has recommended excluding the National Examination Council, University of Ibadan, Federal Ministry of Labour and Employment, 21 other Ministries, Departments, and Agencies (MDAs) from the 2025 budget. EKO HOT BLOG reports that this recommendation follows the repeated failure of these MDAs to provide accountability for previous … Read more
The Senate President, Godswill Akpabio, has urged ministers and heads of federal government agencies to be ready to defend their respective allocations within the 2025 budget proposal. EKO HOT BLOG reports that Akpabio made this statement on Wednesday following President Bola Ahmed Tinubu’s presentation of the ₦47.9 trillion 2025 budget proposal to a joint session … Read more
Ondo South Senator, Jimoh Ibrahim, has revealed that President Bola Tinubu is poised to integrate Artificial Intelligence (AI) into Nigeria’s security framework in 2025 to combat rising insecurity. Speaking on Channels Television’s Politics Today on Wednesday, Senator Ibrahim emphasized that AI and advanced technology would bolster efforts to track and neutralize criminals, including bandits, kidnappers, … Read more
Over 20 children have reportedly lost their lives in a tragic stampede during a Christmas celebration organized for children in Ibadan, the Oyo state capital. EKO HOT BLOG gathered the event, which was said to have been hosted by a popular broadcaster’s radio station, promised gifts for attendees. According to online reports, several children were … Read more
Nigeria’s President, Bola Ahmed Tinubu on Wednesday delivered the 2025 budget proposal to a joint session of the National Assembly. The full text of his speech during the budget presentation is provided below. PRESENTATION BY HIS EXCELLENCY, PRESIDENT BOLA AHMED TINUBU, GCFR OF THE 2025 BUDGET OF RESTORATION: SECURING PEACE, REBUILDING PROSPERITY TO A JOINT … Read more
Governor Uba Sani of Kaduna State has signed the 2025 budget into law, just 10 days after presenting it to the State House of Assembly. The budget, titled “Sustaining Transformation and Inclusive Development,” amounts to N790.4 billion, with N551.5 billion allocated for capital projects and N238.8 billion for recurrent expenses. During the signing ceremony on … Read more
The Federal Executive Council (FEC) has approved the 2025 budget proposal, with President Bola Tinubu set to present the N47.96tn appropriation bill to the National Assembly on Wednesday. Originally scheduled for Tuesday, the presentation was postponed to allow for final refinements, as confirmed by the Minister of State for Agriculture, Sabi Abdullahi. EDITOR’S PICKS PDP … Read more
The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, has said that the N13 trillion deficit in the N48 trillion 2025 budget would be financed through borrowing. The minister said this while briefing State House Correspondents on Monday after the Federal Executive Council, FEC, meeting at the Presidential Villa, Abuja. EKO HOT … Read more