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
Eko Hot Blog reports that plans to include funding for a new presidential jet in a forthcoming Supplementary Appropriation Bill are set for submission to the National Assembly. President Bola Ahmed Tinubu hinted at the development during his address to a joint session of the Senate and House of Representatives on May 29 at the … Read more
The Nigerian Senate has announced it will receive President Tinubu’s 2024 Supplementary budget for approval after resuming from recess on July 2 EKO HOT BLOG reports that the Nigerian Senate will receive President Bola Ahmed Tinubu’s 2024 Supplementary budget for approval upon resuming from recess on July 2. The supplementary budget, totaling N6.6 trillion, is still … Read more
Eko Hot Blog reports that the Federal Government may need to implement a supplementary budget to cover the proposed minimum wage increase for workers This is because the negotiated amount may surpass the budgeted amount in the original 2024 budget. Editor’s Picks BREAKING: DSS Arrests Defendants In Dramatic Courtroom Raid Minister Sues Niger Speaker Over … Read more
Eko Hot Blog reports that the 10th Senate under the leadership of Godswill Akpabio, has announced the need to reexamine the 2024 national budget, which currently stands at N28.77 trillion, following the continuous depreciation of the Naira against the US dollar. This reassessment aims to address the economic implications of the fluctuating exchange rate on … Read more
EKO HOT BLOG reports that President Bola Tinubu has signed the N2.17trn 2023 supplementary budget into law. The president signed the budget following the speedy approval of the budget proposal from both the House of representatives and Senate last week. The proposal, which was approved by the National Assembly has now effectively become a … Read more
EKO HOT BLOG reports that the presidency has confirmed the plan to purchase a yacht worth N5 billion in the supplementary budget forwarded to the 10th Senate. This online media platform earlier reported that the federal government is planning to spend N5 billion to purchase a presidential yacht in the 2023 Supplementary Budget. The Presidency, … Read more
EKO HOT BLOG reports that the House of Representatives have removed the controversial N5 billion presidential yacht from the 2023 supplementary budget. Following the House’s approval of the N2.17 trillion supplementary budget on Thursday, Abubakar Bichi (APC, Kano), the chairperson of the House Committee on Appropriations, made this announcement. Speaking to reporters, Mr. Bichi stated … Read more
EKO HOT BLOG reports that the Senate, on Tuesday, warned President Bola Tinubu against illegal spending and advised him to seek a supplementary budget for its Compressed Natural Gas initiative. The Senate through its Committee on Gas, led by Senator Jarigbe Jarigbe, urged the executive arm of government to expeditiously present a 2023 Supplementary Budget … Read more
EKO HOT BLOG reports that the 10th Senate has denounced reports alleging it manipulated the 2023 Supplementary budget that was approved last week, calling these allegations mischievous. The legislative body was responding to some online news publications’ claims that an unwarranted N70 billion was padded into the supplementary budget, labelled as a “gift” from the … Read more
Buhari has proposed an N819.5bn supplementary budget and has blamed the recent flood. EKO HOT BLOG reports that President Muhammadu Buhari has asked the national assembly to approve a supplementary budget of N819 billion. Buhari’s request was read by Femi Gbajabiamila, speaker of the house of representatives, during the plenary session on Wednesday. EDITOR’S PICKS … Read more
Senate has announced the date to pass the N895.8bn Supplementary Budget. EKO HOT BLOG reports that Senate President, Ahmad Lawan, has referred the N895, 842,465,917.00 Supplementary Budget to the Committee on Appropriation. Lawan gave the directive after the Supplementary Budget meant to tackle insecurity and health-related issues passed second reading at the Senate on Wednesday. … Read more
Ahmed added that the approval was based on the need for funding to ensure that Nigeria is able to meet its commitment under the Nigerian Comprehensive AIDS programme. The Federal Executive Council (FEC) has approved a draft supplementary budget of ₦895 billion for 2021. Minister of Finance, Zainab Ahmed, revealed this when she briefed State … Read more