The 10th Senate, under the leadership of Senate President Godswill Akpabio, has initiated deliberations on the ₦54 trillion 2025 Appropriation Bill, marking a key phase in the nation’s fiscal policy formulation. Senate Leader Opeyemi Bamidele, on Thursday, introduced a motion for the chamber to receive the Appropriations Committee report, which was subsequently presented by Committee … Read more
The Senate and the House of Representatives on Thursday passed the 2025 Appropriation Bill, approving an aggregate expenditure of ₦54.99 trillion for the fiscal year. The approved budget outlines major allocations for recurrent spending, capital projects, debt servicing, and statutory transfers. Below is a breakdown of the key highlights: Total Expenditure: ₦54.99 trillion Statutory Transfers: … Read more
Inspector General of Police (IGP), Kayode Egbetokun on Tuesday apologized to the Senate Public Accounts Committee (SPAC) for failing to honour multiple invitations to address queries raised by the Auditor General of the Federation regarding the Nigeria Police Force. Last week, Committee Chairman, Senator Ahmed Aliyu Wadada, threatened to issue a warrant of arrest against … Read more
The President of the Senate, Godswill Akpabio, has confirmed that the budget defence report for the ₦54.2 trillion 2025 budget will be presented to the Senate during plenary this week. Henzodaily reports that Akpabio disclosed that the Committee on Appropriations will present the report either on Wednesday or Thursday, emphasizing the urgency of concluding the … Read more
The President of the Senate, Godswill Akpabio, on Tuesday, commended lawmakers for their dedication and thorough scrutiny of the 2025 budget during the recently concluded budget defence sessions. Speaking during the resumption of plenary after a two-week recess, Akpabio described the sessions as critical to ensuring a realistic and implementable financial plan for the country … Read more
The Nigerian Senate has suspended the 2025 budget defence for the Office of the Auditor General for the Federation (OAGF), citing poor preparation and discrepancies in budget documents presented by the Auditor General, S.K. Chira. Henzodaily understands that the suspension, announced by the Senate Committee on Public Accounts, may lead to a zero allocation for … Read more
A heated exchange rocked the National Assembly on Thursday during the budget defence session for the Nigeria Police Force (NPF) as Inspector-General of Police, Kayode Egbetokun, presented the 2025 budget proposal. Henzodaily gathered that tensions flared when two lawmakers questioned discrepancies between the Inspector-General’s presentation and the documents provided to the legislators. Efforts by the … Read more
Concerns over the impact of President Bola Tinubu’s Renewed Hope Housing (RHH) scheme sparked intense debate during the 2024 budget defence session of the Ministry of Lands, Housing, and Urban Development. Henzodaily gathered that lawmakers expressed doubts about whether the housing initiative was truly benefiting ordinary Nigerians, its intended audience. The session, held on Tuesday, … Read more
The Senate has adjourned plenary for two weeks to allow lawmakers to focus on the defence of the 2025 budget by Ministries, Departments, and Agencies (MDAs). Senate President Godswill Akpabio announced the adjournment on Tuesday, stating that plenary will resume on January 28, when the budget report will be presented. In his opening address, “Rising … Read more
The Senate has confirmed President Bola Tinubu’s nominees for the newly established North West Development Commission (NWDC) and South East Development Commission (SEDC). Henzodaily gathered that the confirmation followed the presentation of a report on Tuesday by Orji Uzor Kalu, Chair of the Senate’s ad hoc committee on regional developments. Kalu, the senator representing Abia … Read more