Increased Borrowing Required Despite Agencies’ Revenue Gains – Edun
The Nigerian government says it still needs to borrow money to fund its budget, even though several agencies are generating more revenue than expected. This announcement came from Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, during a meeting with Senate committees on the 2025-2027 Medium-Term Expenditure Framework and Fiscal Strategy […]
President Tinubu Urges National Assembly to Increase 2024 Budget by N6.2 Trillion
President Bola Tinubu has formally requested the National Assembly to consider a significant increase of N6.2 trillion in the 2024 appropriation act. This adjustment, announced during a recent session by Senate President Godswill Akpabio, raises the proposed budget to N34.9 trillion, up from the original N28.7 trillion. Tinubu’s proposal allocates N3.2 trillion towards infrastructure initiatives […]