Tag: 2025 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Why we repealed 2024, 2025 budgets — Reps spokesperson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 […]

featured News

Senate approves Tinubu’s N1.15trn domestic loan for 2025 deficit

The Senate has approved President Bola Tinubu’s request to borrow an additional N1.15 trillion from the domestic debt market to finance the 2025 budget deficit. This approval was granted on Wednesday after the presentation and deliberation of the Report of the Committee on Local and Foreign Debts Borrowing Programme to Fund the 2025 Budget Deficit, […]

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 […]