Business

UK sets £40bn target for education exports by

  • 23rd January 2026

Cashew industry generates over $400m from export –

  • 23rd January 2026

Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

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Borno gov raises CJTF, vigilantes’ monthly allowance to ₦50,000

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Kaduna gov pledges 100% water coverage by late 2026

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NELFUND to launch vocational loan scheme in Enugu by July

NELFUND disburses ₦1.326bn to 6,308 UNILAG students

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Nigerian nurse loses Australian licence after sleeping on night

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Tag: 2024 Budget

Finance

Why we repealed 2024, 2025 budgets — Reps spokesperson

The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has explained that the decision by the House to repeal and re-enact the 2024 and 2025 Appropriation Acts was taken to align Nigeria’s budgeting framework with global best practices, promote transparency, and address persistent implementation challenges. Agbese made this known during an interview on […]

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Senate approves revised ₦43.561trn 2024 budget framework

The Senate has approved a revised ₦43.561 trillion 2024 Appropriation Act alongside a reworked 2025 budget framework, following the passage of the Appropriation (Repeal and Re-enactment) Bills. The bills were considered at the Committee of Supply stage and later at plenary, where they were passed through a voice vote. Senators described the exercise as a […]

Finance

Senate suspends 2026 budget review pending performance reports

The consideration of Nigeria’s 2026 budget presentation faces uncertainty, as the Senate has suspended review of new fiscal proposals pending a detailed account from the Executive on the performance of the 2024 and 2025 budgets. This decision was issued yesterday by the Senate Committee on Finance, which directed top managers of the economy to submit […]

Finance

2024 budget 80% implemented, says Wale Edun

The Minister of Finance Wale Edun on Wednesday revealed that as of September 2025, about 80 per cent of the 2024 budget had been executed. This is also as the House of Representatives Committee on Appropriations held a closed-door session with the Minister of Finance, Wale Edun, and the Minister of Budget and National Planning, […]

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FG to release 2024 budget performance September ending

The Federal Government has said it will release the long-awaited Budget Performance Report for 2024 by the end of September 2025, alongside outstanding reports for the first and second quarters of 2025, in a move aimed at restoring compliance with fiscal reporting requirements. In a statement released on Friday, the Budget Office of the Federation […]

BudgIT raises alarm over allocations in 2024 budget
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BudgIT raises alarm over allocations in 2024 budget

BudgIT, through its open-source service delivery monitoring platform, Tracka, has uncovered significant discrepancies in the 2024 federal budget, particularly concerning the allocation of N732.5 billion for empowerment projects. This figure surpasses the allocation of N646.5 billion earmarked for health projects, a revelation that has sparked concerns about governmental priorities and resource management. In a statement […]

Tinubu signs seven bilateral agreements with Qatar
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Defense, works top Tinubu’s 2023 supplementary budget proposal

President Bola Tinubu gave top priority to safeguarding Nigerians and their belongings in his N2.176tn 2023 supplemental budget plan, which was presented to the House of Representatives on Tuesday. Defence received the largest allocation of N476.543bn. The PUNCH reported that this is hardly surprising considering the actions of bandits and other criminal groups in the […]

Tinubu woos American investors
Economy

FG proposes N26tn expenditure in 2024 budget 

The Federal Government has projected N26.01 trillion as expenses for the 2024 fiscal year. The Minister of Budget and National Planning, Abubakar Bagudu, told State House Correspondents after the Federal Executive Council meeting at the Presidential Villa, Abuja, on Monday. He also said FEC approved the Medium-Term Expenditure Framework for 2024 – 2026. He said […]

FG to submit 2024 budget in October
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FG to submit 2024 budget in October

The Ministry of Budget and Economic Planning has stated that the 2024 budget will be submitted to the House of Assembly by the end of October. The Government Integrated Financial Management Information System – Budget Preparation Sub-System will be used to prepare the 2024 budget, according to the Director-General of the Budget Office of the Federation, […]

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