BREAKING: Tinubu signs 2025 Budget into law
President Bola Tinubu has signed the 2025 budget into law after approval by the National Assembly. The total budget for the year is N54.99 trillion, an increase from the original N49.7 trillion. Initially, the proposed budget was N49.7 trillion, but President Tinubu requested an increase. Lawmakers reviewed the request and raised it to N54.2 trillion […]
2025 Budget Cannot Address Nigeria’s Economic Challenges – Atiku
The 2025 budget proposal has sparked debates, with former vice president Atiku Abubakar expressing doubts about its ability to address Nigeria’s economic challenges. According to Atiku, the budget, presented by President Bola Ahmed Tinubu, lacks the fiscal discipline and structural reforms needed to improve the country’s struggling economy. Last week, President Tinubu submitted a N49.7 […]
Tinubu Urges Senate to Approve New N1.767tn External Loan
President Bola Tinubu has requested the approval of the National Assembly for a fresh external loan of N1.767 trillion to help cover a portion of Nigeria’s 2024 budget deficit, which stands at N9.7 trillion. This request was made public by Speaker Tajudeen Abbass during a plenary session on Tuesday. The proposed loan is part of […]
Nigeria Pays $1.36bn to IMF and Other Creditors – DMO Report
The Nigerian government spent a staggering $1.36 billion on servicing its debts in the first six months of 2024. This amount is over 200% higher than the $431.23 million spent during the same period in 2023, according to the Debt Management Office (DMO). This sharp increase in debt servicing costs has been attributed to rising […]