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
The Nigerian government has allocated ₦14.77 billion for maintaining the presidential air fleet over the past 11 months and is considering purchasing two new aircraft due to the aging and dysfunctional current fleet. Eko Hot Blog reports that the Federal Government has allocated a substantial ₦14.77 billion for the repair and maintenance of the presidential … Read more
The Senate adjourns plenary session until July 2, 2024, to allow participation in 2024 Democracy Day and end-of-session break. The Senate approved a N1.911 trillion budget for the Niger Delta Development Commission (NDDC), but criticized the proposed N1 trillion borrowing for not following due process. NDDC’s 2024 budget includes N38.545 billion for personnel costs, N29.246 … Read more
FCT Minister Nyesom Wike Unveils Detailed Plan For Allocation of FCT’s N1.28 Trillion Budget. 70% of the budget allocated to capital expenditure, with emphasis on completing ongoing projects and initiating new ones. Financing sourced from financial markets using the FCT’s IGR, aiming to expedite project completion and restore contractor confidence. EKO HOT BLOG reports that the … Read more
EKO HOT BLOG reports that the claim made by the currently suspended Bauchi Central Senator, Abdul Ningi, alleging the inclusion of N3.7 Billion in the 2024 budget has raised concerns regarding the budget’s integrity and the allocation of funds for lawmakers’ constituency projects. During a Senate plenary session last Tuesday, this allegation prompted discussions among senators. … Read more
EKO HOT BLOG reports that the House of Representatives has initiated the critical process of budget defense for the fiscal year 2024, aiming to scrutinize and deliberate on key areas crucial for Nigeria’s economic progress. Under the leadership of James Faleke, the Committee on Finance will oversee this significant phase. Scheduled to appear before the committee … Read more