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 House of Representatives Committee on Solid Minerals has requested a comprehensive report from the Minister of Solid Minerals, Dele Alake, detailing the utilization of funds allocated to the ministry in the 2024 budget. This demand was made during a budget defense session where the Permanent Secretary of the ministry, Mary Ogbe, represented the Minister. … 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
The Lagos House of Assembly passed a budget of N1.768 trillion for the state on December 12, 2022. The budget, which covers the 2023 fiscal year, has a capital expenditure of N1.019 trillion, representing 58 per cent of the 2023 budget. The recurrent expenditure, representing 42 per cent, is N748 billion. Eko Hot Blog reports … Read more