The Senate on Tuesday passed the 2026 Appropriation Bill for second reading insisting that the budget size is N58.472 trillion, which is N292 billion higher than the N58.18 trillion presented by President Bola Tinubu last week. Speaking with journalists after plenary, Chairman Senate Committee on Appropriation, Solomon Olamilekan said the real budget size is what […]
The house of representatives has approved the extension of the implementation of the capital component of the 2025 budget to March 31, 2026. The decision followed the passage of the 2024 and 2025 Appropriation (Repeal and Re-enactment) Bills. Last week, President Bola Tinubu transmitted the bills to the national assembly, explaining that the move would […]
President Bola Tinubu on Friday presented the 2026 Appropriation Bill of ₦58.18 trillion to a joint session of the National Assembly, vowing that 2026 will mark a decisive shift toward stronger discipline in budget execution and results-driven governance. President Tinubu said the Budget, titled “Budget of Consolidation, Renewed Resilience and Shared Prosperity,” is designed to […]
President Bola Tinubu is set to present the 2026 Appropriation Bill to a joint session of the National Assembly on Friday, December 19, 2025. Ahead of the presentation, a formal notification from the Presidency is expected to be read on the floor of the House of Representatives when plenary resumes on Thursday, informing lawmakers and […]
Wale Edun, minister of finance, has said the federal government is likely to miss its 2025 revenue target by about N30 trillion. Edun spoke on Tuesday in Abuja when he appeared before the House of Representatives committees on finance and national planning during an interactive session on the 2026–2028 Medium-Term Expenditure Framework (MTEF) and Fiscal […]
Peter Mbah, Governor of Enugu State, on Tuesday presented a record N1.62 trillion budget estimate for 2026 to the Enugu State House of Assembly, describing it as a transition from laying foundations to scaling transformation across all sectors. The proposed figure represents a 66.5 per cent increase over the N971 billion revised 2025 budget. Dubbed […]
The House of Representatives Committee on Appropriations, Wednesday met with the Minister of Finance, Wale Edun, and the Minister of Budget and National Planning, Senator Atiku Bagudu to review the implementation of the 2024–2025 Appropriations Act. Chairman of the Committee, Rep. Abubakar Bichi (APC–Kano), who briefed journalists after the closed-door session in Abuja said Nigerians […]
BY PATRICK WEMAMBU Following what was described as inadvertent errors discovered by the Joint Committee on Appropriation, the National Assembly Tuesday realigned and cleaned up some line items in the 2025 fiscal estimate. Consequently, this led to corrections in both the recurrent and capital allocations – increasing the budgetary provisions for some agencies while reducing […]
By Patrick Wemambu Mixed reactions have continued to trail the passage of the 2025 Nigerian budget of N54.99trn by the National Assembly Thursday. A breakdown of the budget shows Statutory Transfers of N3.65trn, Recurrent (Non-Debt) Expenditure N13.64trn and Capital Expenditure amounting to N23.96trn. Debt Servicing is to gulp N14.32trn with N13.08trn for Fiscal Deficit and […]
The Nigerian government has made significant adjustments to its 49 trillion naira budget following extensive legislative deliberations between the executive branch and the National Assembly. Senator Atiku Bagudu revealed that during these discussions, multiple committees, including the Senate Committee on Appropriation, National Planning, and Finance, identified additional revenue streams amounting to over 4.5 trillion naira. […]
By Haruna Salami The 2025 Federal Government budget of N49.74 trillion, which is currently before the National Assembly has different striking features. It was presented to the Joint Session of the National Assembly by President Bola Tinubu on December 18, 2024, which is from past experiences, very late as 2024 edition was presented on November […]
By Tom Okpe The Senate and House of Representatives joint Committee on Regional Development has queried the Minister, Abubakar Momoh, for alleged lopsidedness in the Ministry’s budget. The Minister got the query on Tuesday, at the National Assembly, while attending the 2024 and 2025 budget Defence and proposals along with the Minister of State in […]
By Tom Okpe The House of Representatives Committee on Federal Polytechnics and Higher Technical Education Institutions, has said performance is key to progress and should be major reason, to justify demands for more funds by agencies in the 2025 budget allocation. Chairman of the Committee, Rep Fuad Kayode Laguda stated this after a presentation by […]
By Tunde Opalana The 2025 budget defence session of the Nigeria Police Force at the National Assembly on Thursday was almost marred as lawmakers engaged in shouting order. The none of contention was an explanation by the Inspector General of Police, Kayode Egbetokun, on funds used for the construction of 5 zonal Police headquarters in […]
…urges commission of judicious utilization By Tom Okpe Chairman, House Committee on Sports, Rep Kabiru Amadu, has commended President Bola Ahmed Tinubu for significantly, increasing the 2025 budget for the sports sector, from ₦29 billion in 2024 to over ₦94 billion in 2025. Amadu made this remark during the budget defense session of the National […]
….hopeful N20bn will be released to complete hqrs complex By Haruna Salami The Senate has expressed satisfaction with the performance of one of its own parastatals, the National Assembly Service Commission (NASC) at the 2025 budget defence of ministries, departments and agencies (MDAs). National Assembly has three agencies under it: National Institute for Legislative and […]
…as HoR PAC asks AGF to submit 2022 consolidated financial statement to Auditor General By Tunde Opalana & Tom Okpe As the National Assembly commences consideration of requests made by the Executive in the 2025 appropriation bill, it has challenged the Federal Government to increase allocation to capital expenditure in this year’s budget. This charge […]
By Tunde Opalana In preparation for the 2025 budget, Ministries, Departments and Agencies (MDAs) of government are set to defend their estimates before joint sittings of different supervising committees of both the Senate and House of Representatives between Wednesday, January 8th and Wednesday, 15th, 2025. The joint defence of the MDAs before the Appropriation sub- […]
By Tom Okpe The House of Representatives Committee on Public Accounts Committee, PAC, has recommended delisting of the National Examination Council, NECO, University of Ibadan, UI, Federal Ministry of Labour and Employment, and 21 other Ministries, Departments, and Agencies, MDAs, of the Federal Government from the 2025 budget for their repeated failure to account for […]
… as Senate says decision lies with Executive By Tunde Opalana Indications have emerged that presentation of the 2025 budget draft by President Bola Tinubu may be delayed till December. The Daily Times gathered that the president may present the draft to a joint session of the National Assembly in the first week of December. […]