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
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
French President Emmanuel Macron has named François Bayrou, leader of the centrist MoDem party, as France’s new prime minister, in a strategic move to stabilize the nation’s volatile political landscape. Bayrou, 73, a seasoned politician and mayor from southwestern France, acknowledged the challenges ahead, emphasizing the need for unity: “I think reconciliation is necessary.” His … Read more
Disagreements emerged among National Assembly members on Monday over President Bola Tinubu’s requests for foreign loans, despite significant revenue surpluses reported by federal agencies for the 2024 fiscal year. The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, revealed during an interactive session with the National Assembly’s joint Committees on Finance, Budget, and … 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
Subsidy or under-recovery is the underpriced sales of premium motor spirit (PMS), better known as petrol The Minister said subsidy payment projection is based on two prevailing scenarios — business-as-usual or reform EDITOR’S PICK INEC Declares PDP’s Adeleke Osun Gov-Elect Yemi Osinbajo Undergoes Leg Surgery Governor Sanwo-Olu Charges Officials Over Poaching Of State Athletes EKO … Read more