The Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA) has given its breakdown of the Rivers’ 2025 budget. The PHCCIMA President, Dr Chinyere Nwaoga, gave the breakdown in a statement on Tuesday, saying he budget will unlock trapped N500 billion tax revenue from trapped or recovered assets. She recalled that PHCCIMA had on … Read more
The Peoples Democratic Party (PDP) in Ondo State has described the recently signed 2025 state budget as a budget of looting. Henzodaily reports that Governor Lucky Aiyedatiwa signed the ₦698.6 billion budget into law a week after its passage by the state House of Assembly. These include ₦200 million for lawmakers and ₦280 million for … Read more
The House of Representatives has thoroughly reviewed the N49.70 trillion 2025 Appropriation Bill submitted to the National Assembly by President Bola Tinubu the Deputy Spokesperson, Rep. Philip Agbese (APC-Benue), has said. In an interview with newsmen in Abuja on Tuesday, Agbese said that all the committees of the house took time to work on the … Read more
The Chairman, House of Representatives Committee on University Education, Rep. Abubakar Fulata (APC-Jigawa), has dismissed media reports alleging that lawmakers demanded N480 million as condition for approving some varsities’ 2025 budgets. Addressing newsmen on Tuesday in Abuja, Fulata said that the allegation was designed to undermine the efforts of the committee to improve … Read more
A report has claimed that some lawmakers in the National Assembly have set up a bribery scheme targeting federal universities and other tertiary institutions in the country. According to the report by Premium Times, lawmakers are using intimidation and threats to force the heads of universities to pay ₦8 million each to approve their allocations … Read more
The Senate, as well as the House of Representatives, have postponed their plenary resumption earlier scheduled for January 28 till February 4, 2025. The two chambers of the National Assembly, in separate statements by their clerks on Saturday, explained that the postponement in the resumption of plenary is to allow for the completion of ongoing … Read more
Under the 2025 budget estimate of N47.90 trillion, the federal government has set aside the sum of N4.26 trillion as statutory transfers to newly established development commissions for various regions in the country. It all started with late President Umaru Yar’Adua’s initiative to restore stability to the restive Niger Delta and rev up the crude … Read more
The Chairman of Badagry-West Local Council Development Area in Lagos State, Mr Joseph Gbenu, on Tuesday presented a budget estimate of N6.89 billion for 2025 fiscal year to the council legislators. NAN reports that the budget is tagged “Budget of Consolidation”. Gbenu said that the budget would prioritise infrastructural development, healthcare services, education … Read more
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has stated that Nigeria’s economy is making significant strides in recovery and growth. Henzodaily reports that Edun stated this on Monday, in Abuja, during the 2025 budget defense before the Senate Committee on Finance. According to a statement from the Ministry’s spokesman, Mohammed … Read more
The House of Representatives Committee on Navy has recommended that the Nigerian Navy receive improved funding to protect the country’s waterways, rather than establishing a Coast Guard. The Chairman of the committee, Rep. Yusuf Gagdi (APC-Plateau), made the recommendation at the 2025 budget defence session in Abuja on Monday. Gagdi said the Nigerian … Read more