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Debt servicing exceeded 2025 budget by ₦1.9tn — Budget office

Fresh data released by the Budget Office of the Federation has revealed that the Federal Government’s debt repayments exceeded the allocation provided in the amended 2025 budget by N1.90tn within the first nine months of the year. According to the 2025 third-quarter Budget Implementation Report, total debt-related payments, comprising domestic debt, foreign debt and sinking […]

Finance

Budget office debunks N246bn NEDC salaries claim

The Budget Office of the Federation has dismissed claims that the North East Development Commission runs a N246.77 billion salaries budget. It described the narrative as false and misleading. The Budget Office stated that the N246.77 billion assigned to the NEDC is a consolidated statutory provision shown at an overall level under the Medium-Term Expenditure […]

Finance

Budget office clarifies ₦246bn NEDC budget controversy

The Budget Office of the Federation has dismissed claims suggesting that the North East Development Commission operates a ₦246 billion salaries budget, describing the narrative as false and misleading. In a press statement issued on Thursday, the Director General of the Budget Office of the Federation, Tanimu Yakubu, said the allegation was inaccurate and based […]

News

Northwest gets N5.97tn, largest share of federal projects

The Budget Office of the Federation has disclosed that the North-West geopolitical zone received the highest share of Federal Executive Council projects approved under President Bola Tinubu, amounting to N5.97tn or more than 40 per cent of the total N10.92tn approvals. The Director-General of the Budget Office, Tanimu Yakubu, made this revelation in a statement […]

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