The Federal Executive Council (FEC) has approved the 2025 budget proposal, with key fiscal benchmarks aimed at driving economic stability and growth. Minister of Budget and Economic Planning, Atiku Bagudu, announced this during a press briefing at the Aso Rock Villa in Abuja after the council’s final meeting for 2024. According to Bagudu, the budget … Read more
President Bola Ahmed Tinubu is currently presiding over a Federal Executive Council (FEC) meeting at the Council Chamber of the Presidential Villa in Abuja. EKO HOT BLOG reports that reliable sources indicate that today’s meeting may be the final session for the year, with discussions expected to include preparations for the presentation of the 2025 … Read more
President Bola Tinubu will present the 2025 budget to a joint session of the National Assembly on Tuesday, December 17. EKO HOT BLOG reports that the Senate President Godswill Akpabio disclosed this during Thursday’s plenary session, stating that the presentation will take place in the House of Representatives chamber. Last Tuesday, President Tinubu submitted the … Read more
The House of Representatives on Wednesday directed its Committees on Finance and Petroleum (Upstream and Downstream) to investigate reports from the Revenue Mobilisation Allocation and Fiscal Responsibility Commission alleging that the Nigerian National Petroleum Company Limited (NNPCL) withheld ₦8.48 trillion as claimed subsidies for petrol. EDITOR’S PICKS Japa: Russia Opens Doors to Migrants Amid Workforce … Read more
Governor Peter Mbah of Enugu State has presented a ₦971 billion budget proposal for the 2025 fiscal year to the state’s House of Assembly, emphasizing poverty eradication and inclusive growth. Tagged the “Budget of Exponential Growth and Inclusive Prosperity,” the estimates comprise ₦837.9 billion for capital expenditure (86% of the budget) and ₦133.1 billion for … Read more
The Lagos State House of Assembly on Monday deliberated on the 2025 appropriation bill of N3.005 trillion presented by Governor Babajide Sanwo-Olu. The proposal, unveiled last Thursday, was forwarded to a joint committee on appropriation and finance for a comprehensive review, with a directive to report back within a month. EDITOR’S PICKS Japa: Russia Opens … Read more
The Senate has announced that President Bola Tinubu is expected to present the 2025 budget to the National Assembly this week, as preparations intensify for the budget’s consideration. EKO HOT BLOG reports that Senate spokesperson Yemi Adaramodu (APC, Ekiti South) disclosed that the Finance Committee would meet with Ministries, Departments, and Agencies (MDAs) on Monday to … Read more
President Bola Tinubu is expected to present the 2025 budget proposal, recently approved by the Federal Executive Council (FEC), to the National Assembly today, Friday, November 15. The federal government has proposed ₦47.9 trillion for the 2025 fiscal year, including ₦9.22 trillion in new borrowing, which was approved during the FEC meeting on Thursday at … Read more
President Bola Tinubu is expected to present the 2025 budget to the National Assembly during the first week of December, sources indicate. This timeline was clarified by the Senate Committee on Finance, led by Senator Sani Musa (APC, Niger East), who stressed that the decision on when to present the budget remains exclusively with the … Read more
The Senate has announced that the Federal Government is expected to submit the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) once President Bola Tinubu returns from his overseas trip. The MTEF is a key legal document that sets the budgetary guidelines for the nation and is traditionally submitted to the parliament before … Read more
As the National Assembly resumes today (Tuesday) from its annual recess, Senate Leader Opeyemi Bamidele announced on Monday that both chambers are expecting President Bola Tinubu to present the 2025 budget alongside the new Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper. In a statement personally signed by Bamidele, he emphasized the importance of … 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