In December 2024, President Bola Ahmed Tinubu presented a N49.7 trillion budget proposal to the National Assembly.However, on February 5, 2025, he announced an additional N4.5 trillion, raising the total to N54.9 trillion. This increase, driven by additional revenue from key government agencies, has sparked debates on its economic implications.Breakdown of the 2025 BudgetOut of the N54.9 trillion budget:N3.64 trillion is allocated for statutory transfers.N14.3 trill...

Barring any unforeseen circumstances, the Senate would receive the report of N54.2 trillion 2025 budget from its Committee on Appropriations for possible passage into law this week.The president of the Senate, Godswill Akpabio, who dropped the hint during plenary on Tuesday, said the Committee on Appropriations, chaired by Senator Solomon Adeola, APC Ogun West, is expected to present the report on Wednesday or Thursday.President Bola Tinubu had on December 18, 2024...

The Senate Committee on Public Accounts has given the green light to the 2025 budget proposal for the Office of the Auditor-General of the Federation. This approval came on Thursday after the Auditor-General, Shaakaa Chira, resolved several grey areas flagged during an earlier presentation on Tuesday.Despite the approval, Chira highlighted a pressing challenge facing the office—understaffing. He emphasized the need to recruit 247 additional staff members to improve...