Following the presentation of the 2025 budget before the National Assembly, President Bola Ahmed Tinubu has arrived in Lagos State to spend the Christmas and New Year holidays. Eko Hot Blog reports that the President was warmly received at the Presidential Wing of Murtala Mohammed International Airport by Governor Babajide Sanwo-Olu, Deputy Governor Obafemi Hamzat, … 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
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 Aviation, Mr. Festus Keyamo, will inaugurate the construction of an airport in Nsulu, Abia State, on Tuesday next week. EKO HOT BLOG reports that the announcement was made by the Abia State Commissioner for Information, Prince Okey Kanu, during a press briefing after the weekly Executive Council meeting in Umuahia. Kanu explained … 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
EKO HOT BLOG reports that the Nigerian Senate has disclosed the sectoral allocations for the 2024 fiscal year’s N27.5 trillion budget. This follows President Bola Tinubu‘s budget presentation to the National Assembly, which was marked by controversy due to limited details. EDITOR’S PICKS FG Takes Action to Tackle Soaring Cooking Gas Prices Tinubu Is God’s … Read more