In the first nine months of 2024, 29 Nigerian state governors collectively spent N1.994tn on recurrent expenditures, including refreshments, allowances, travel, and utilities, while facing significant revenue shortfalls, according to findings. The states secured loans totaling N533.29bn and allocated N658.93bn to debt servicing but failed to meet their internally generated revenue (IGR) targets. They generated … 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
In a bid to navigate the storm of economic hardship and crisis plaguing the nation, the Federal Government has recently implemented a bold decision: a ban on foreign travel for ministers for the next few months. This decisive move is expected to yield substantial financial savings, a crucial step in alleviating the burdens weighing down … Read more