The Federal Government of Nigeria spent N8.73 billion on airport power infrastructure in 2024, according to a report by BudgIT. The expenditure aimed to ensure a consistent electricity supply at the new international terminal of the Nnamdi Azikiwe International Airport in Abuja. This expenditure was highlighted in a report by BudgIT’s GovSpend Wednesday. According to … Read more
The Presidency has denied allegations by Peter Obi that the Tinubu administration plans to run four budgets within a fiscal year, calling the claims misinformation. EKO HOT BLOG reports that the Presidency has dismissed claims by the non-profit organization BudgIT that President Bola Tinubu’s administration plans to run four budgets within a fiscal year. The Senate … Read more
The presidency defended the extension of the 2023 Supplementary Budget’s capital section, stating it is necessary to ensure the full implementation of projects hindered by funding issues. EKO HOT BLOG reports that the presidency on Friday defended the National Assembly’s decision to extend the lifespan of the capital section of the 2023 Supplementary Budget, emphasizing it … Read more
EKO HOT BLOG reports that the presidential candidate of the Labour Party, Peter Obi, said the suspension of Senator Abdul Ningi by the Senate has not addressed vital issues in the allegation of the lawmaker. Obi stated this in a statement via his X handle on Wednesday. According to him, the fuss over the alleged N3 … Read more
Eko Hot Blog reports that the Minister of Works, David Umahi, has debunked an online report claiming that he authorised the payment of N9.3 billion meant for road construction to a Mirco-Finance Bank. BudgIT’s service delivery promotion platform, Tracka, accused Umahi of breaking the 2007 procurement law by allegedly authorizing the Federal Ministry of Works … Read more
Eko Hot Blog reports that the Young African Leaders Initiative (YALI) Network Lagos, a United States (US) Government leadership initiative for young Africans, is set to hold its Ignite Conference. The event is divided into two parts; a leadership conference and a gala night. An advertorial obtained by Eko Hot Blog on Friday revealed that … Read more
Against the backdrop of the bad state of Nigeria’s refineries, the country may have spent about N10 trillion in the provision of pump price subsidy on imported petroleum products from 2006 to 2018. A research report by BudgIT, a public finance focused Non-Governmental Organisation, NGO, said this amount came from the price shocks in … Read more