News

2025 Budget: Errors trigger NASS rescission on some line items

DailyTimesNGR DailyTimesNGR 18 February 2025 0

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

Politics

N54.99trn 2025 budget: Knocks, kudos trail fiscal estimate

Ihesiulo Grace 15 February 2025 0

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

News

Nigeria’s 49 Trillion naira budget undergoes adjustments for increased revenue

Ihesiulo Grace 7 February 2025 0

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

Politics

2025 budget: different strokes for different folks

DailyTimesNGR DailyTimesNGR 26 January 2025 0

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 […]

News

Minister queried for lopsidedness in Ministry’s budget

DailyTimesNGR DailyTimesNGR 22 January 2025 0

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 […]

Politics

2025 Budget: Performances, key to more funds allocation, Reps tells NBTE, Others

DailyTimesNGR DailyTimesNGR 17 January 2025 0

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 […]

News

Lawmakers on shouting order as Police presents 2025 budget

DailyTimesNGR DailyTimesNGR 17 January 2025 0

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 […]

News

Budget Defence: HoR C’ttee commends Tinubu over increase of NSC budget

DailyTimesNGR DailyTimesNGR 15 January 2025 0

…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 […]

Politics

2025 budget: NASS happy with performance of its commission

DailyTimesNGR DailyTimesNGR 12 January 2025 0

….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

News

2025 Budget: Increase allocations to funding of capital components, NASS charges FG

DailyTimesNGR DailyTimesNGR 10 January 2025 0

…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 […]

Politics

2025 Budget: MDAs to defend estimates before joint NASS committees Jan 8 to 15.

DailyTimesNGR DailyTimesNGR 30 December 2024 0

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- […]

Politics

HoR C’ttee calls for removal of UI, Labour, 21 others from 2025 budget

DailyTimesNGR DailyTimesNGR 19 December 2024 0

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 […]

Headlines

2025 Budget: Why presentation to NASS might delay till December

DailyTimesNGR DailyTimesNGR 11 November 2024 0

… 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. […]

Headlines

2023 Budget: NASS sets to extend implementation of capital component

DailyTimesNGR DailyTimesNGR 27 June 2024 0

…holds emergency sessions today …we’re considering wide range of issues – Senate spokesman By Haruna Salami Both the Senate and the House of Representatives have slated today (Thursday, June 27,2024) for emergency sessions, geared towards extending the implementation period for the capital component of the N21.83 trillion 2023 budget and those of the N2.17 trillion

Politics

2024 Budget: PRP calls for urgent conduct of forensic audit

DailyTimesNGR DailyTimesNGR 26 March 2024 0

…wants reform of budgetary process, review of Ningi’s suspension By Tunde Opalana The Peoples Redemption Party (PRP) has requested an urgent conduct of forensic audit of the 2024 budget. This follows recent controversies that greeted allegation of budget padding by suspended Senator Abdul Ningi. According to the party, comments and submissions of critical

Headlines

Ripples over N3.7trn ‘budget padding’ as camps emerge in Senate

DailyTimesNGR DailyTimesNGR 17 March 2024 0

By Haruna Salami The last has not been heard over the allegation of N3.7 trillion in 2024 budget without nexus to projects and location. Although the Senate has taken a decisive action by suspending Senator Abdul Ningi (Bauchi Central) who alleged that N3.7 trillion was just floating without projects and location, the matter has refused […]

Headlines

Presidency, Northern senators bicker over alleged N3trn budget padding

DailyTimesNGR DailyTimesNGR 11 March 2024 0

By Tunde Opalana, Haruna Salami Crisis of confidence between the Presidency and senators of Northern extraction over alleged padding of the 2024 budget deepened on Sunday. A senator representing Bauchi central, Abdul Ningi, had on Saturday alleged that there was a discrepancy between the actual budget passed by the National Assembly and the one being […]

Politics

Delta Council unveils 2024 budget

DailyTimesNGR DailyTimesNGR 8 March 2024 0

By Nosa Akenzua The Chairman of Udu Local Government Council, Hon. Jite Brown, Wednesday, presented the 2024 budget of “HOPE” to the council legislators. Addressing the Udu Local Government Legislative Assembly in Otor-Udu, under the leadership of Speaker Hon. Emmanuel Owhoio, Chairman Brown expressed his vision for a renewed sense of hope in the council […]

Headlines

Budget minister emphasises private sector’s role in advancing economy

DailyTimesNGR DailyTimesNGR 28 February 2024 0

By Mathew Brangyet The Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu has emphasised the pivotal role the private sector plays in advancing the nation’s economic agenda. Bagudu who stated this in Abuja while receiving a delegation from the Corporate Council on Africa (CCA) Trade mission to Nigeria. “As we embark on our […]

Headlines

Northern senators reject allocations in 2024 budget, relocation of FAAN, CBN units

DailyTimesNGR DailyTimesNGR 23 January 2024 0

By Tunde Opalana Senators from the 19 northern states have rejected what they described as “skewed allocation of funds and projects” in the 2024 national budget in favour of the southern part of the country. The senators, however, were not specific on the aspects of the funding of the N28.7 trillion budget they considered to […]