29 Governors Spend N2tn On Travel, Other Expenses In 2024

Governors Recurrent Expenses

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

Trump Picks Elon Musk, Ramaswamy To Lead New ‘Department Of Government Efficiency’

President-elect Donald Trump revealed on Tuesday that Elon Musk and Vivek Ramaswamy will head a newly created “Department of Government Efficiency” in his second term. Trump praised the two men, stating, “Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure … Read more