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Budget 2025

Reps committee approves N105bn budget for RMAFC, promises strict oversight

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RMAFC budget

The house of representatives committee on finance has approved a budget of N105.14 billion for the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) for 2025. The committee also promised to closely monitor how the money is used. This decision comes about six months after the National Economic Council (NEC) agreed to let the commission ask […]

Senate approves Tinubu’s $21bn loan plan for 2025–2026

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The Senate has approved President Bola Tinubu’s $21 billion external borrowing plan for the 2025–2026 fiscal years, despite growing concerns over Nigeria’s rising debt profile. The approval followed the consideration of a report by the Senate committee on local and foreign debt, presented by its chairman, Senator Aliyu Wamakko, during Tuesday’s plenary. According to the […]