House of Reps Passes N1.48tr Rivers Budget, Slashes Security Votes by N35bn

House of Reps Passes N1.48tr Rivers Budget, Slashes Security Votes by N35bn

The House of Representatives on Monday passed the N1.48 trillion appropriation bill for Rivers State’s 2025 fiscal year, marking a significant step toward restoring political normalcy in the state after months of legislative stalemate. The bill’s approval followed the consideration and adoption of the report of the Ad-Hoc Committee on Rivers State, led by House Majority Leader Julius Ihonvbere (APC, Edo), during plenary presided over by Deputy Speaker Benjamin Kalu. […]

July 23, 2025 22

NEWS

Senate Passes ₦1.78 Trillion FCT 2025 Budget For Second Reading

The Senate has passed a proposed ₦1.78 trillion statutory appropriation bill for the Federal Capital Territory for the 2025 financial year for second reading. President Bola Tinubu formally presented the budget proposal in a letter addressed to the Senate President, Godswill Akpabio, on Wednesday, urging the Senators to fast-track its passage to facilitate critical development projects within the FCT. In the letter, which Akpabio read, Tinubu emphasised that the budget […]

May 15, 2025 33

NEWS

N54tn budget: Experts divided over raise, FG adds N4.5tn agric, infrastructure funds

Some players in the Nigerian economy have shared different views following the decision of the Federal Government to increase the 2025 Appropriation Bill from N49.7tn to N54.2tn on the back of additional revenues generated by key government agencies. On Wednesday, letters from President Bola Tinubu were read on the floor of the Senate indicating the adjustments in the yet-to-be-passed budget. The President conveyed the budget adjustment in separate letters sent […]

February 6, 2025 60

POLITICS

Justify N3.25tn security budget, Reps tell NSA

The House of Representatives, on Tuesday, called on the Office of the National Security Adviser to coordinate intelligence and security operations in the country, particularly in Kaduna State, following last week’s abduction of over 200 students in the Chikun Local Government Area of the state by suspected bandits. The lawmakers also expressed worry that in spite of the N3.25tn security and defence spending approved by the National Assembly, the security […]

March 13, 2024 59

NEWS

Budget padding controversy: Ranking senators get N17bn constituency votes, Ningi suspended

Fresh revelations at the Senate plenary, on Tuesday, indicated that ranking senators got N500m each for their constituency projects in the 2024 budget passed by the National Assembly.. According to the Senate rules, any lawmaker who has spent at least a term in the House of Representatives or Senate, is considered a ranking senator. On the list of senators in the 10th Senate, at least 34 of them are ranking. […]

March 13, 2024 57

POLITICS

Lawmakers budget fresh N30bn for N’Assembly renovation

Lawmakers have budgeted an additional N30bn for the renovation of the National Assembly Complex in the 2024 Appropriation Bill. The N30bn earmarked for the renovation of the building was part of the N344.85bn budgeted for the National Assembly after they raised their allocations from N197.93bn. The N344.85bn, signed by President Bola Tinubu on January 1, is the highest ever allocated to the legislature. The additional N30bn brings to N60bn the […]

January 8, 2024 75

NEWS

Budget: FG to spend N837bn on 2,254 roads, bridges

The Federal Government is planning to rehabilitate and construct 1,925 roads and highways across the country in the 2024 budget proposal' The government also allocated N548.56b for roads construction in 2024, with the East-West and Benin-Akure roads getting N2bn and N3.75bn respectively. This is however separate from the N288.44bn allocated for the modernisation of 329 roads and bridges in the 2023 supplementary budget. If road projects in the supplementary budget […]

December 11, 2023 44

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