The Federal Executive Council (FEC) has approved the 2025 budget proposal, with key fiscal benchmarks aimed at driving economic stability and growth. Minister of Budget and Economic Planning, Atiku Bagudu, announced this during a press briefing at the Aso Rock Villa in Abuja after the council’s final meeting for 2024. According to Bagudu, the budget … Read more
The House of Representatives on Wednesday directed its Committees on Finance and Petroleum (Upstream and Downstream) to investigate reports from the Revenue Mobilisation Allocation and Fiscal Responsibility Commission alleging that the Nigerian National Petroleum Company Limited (NNPCL) withheld ₦8.48 trillion as claimed subsidies for petrol. EDITOR’S PICKS Japa: Russia Opens Doors to Migrants Amid Workforce … Read more
This is coming barely one week after the Senate failed to pass the budget as promised EKO HOT BLOG reports that the Nigerian Senate, on Wednesday, passed the 2022 appropriation bill. President Muhammad Buhari had on the 7th October 2021, presented the budget estimates to the joint session of the National Assembly. The version of … Read more