Tag: budget

BudgIT raises alarm over allocations in 2024 budget
Economy featured

FG ends multiple budget extensions to restore fiscal normalcy

The Federal Government has concluded plans to phase out multiple budgetary fiscal operations, according to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun. Multiple budgetary fiscal operations entail the implementation of more than one Appropriation Act simultaneously. In the current regime, about three Appropriation Acts are running concurrently, a practice […]

Finance

Akwa Ibom proposes ₦695bn to inflate budget to ₦1.7trn

Governor Umo Eno is set to blow up Akwa Ibom state 2025 budget from the originally signed ₦980 billion to ₦1.7 trillion with a ₦695 billion supplementary proposal for the state House of Assembly’s consideration. The decision was formalised on Friday at the State Executive Council Meeting in Uyo where the Governor also declared a […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
Finance

Nigeria is no longer borrowing to fund budget, Tinubu declares

President Bola Ahmed Tinubu announced on Tuesday that the economy has stabilised and the revenue target set for this year was met as of last month. With this improved revenue situation, he added that the government now has enough resources to carry out its programmes without needing to borrow. The President made these remarks when […]

Why CBN won't print naira again - Budget minister
Banking

Why CBN won’t print naira again – Budget minister

The Federal Government has stated that it will no longer permit the Central Bank of Nigeria to print money through Ways and Means to pay the budget deficit in the face of revenue pressures on the 2024 national budget. The Minister of Budget and National Planning, Atiku Bagudu, revealed this information in an interview with journalists […]