Oyedele pledges to prioritize revenue mobilization, fiscal sustainability
He also emphasised the need to improve spending efficiency to ensure that every naira generated delivers maximum value for citizens. Other areas of focus, he noted, include strengthening debt management and maintaining fiscal sustainability. Oyedele added that the ministry would work closely with other arms of government to ensure fiscal policies align with monetary, trade […]
Oil, Gas Executive Order: Federation account belongs to all tiers of govt – Ex-PENGASSAN President, Esele
Former Peter Esele, ex-president of PENGASSAN, has stated that the federation account is a collective resource that belongs to all tiers of government, not just one level. He made this remark while reacting to debates surrounding the new oil and gas executive order. He explained that revenue generated from natural resources is constitutionally meant to […]
No nation succeeds with recklessness – Peter Obi slams Tinubu over multiple budgets
Former Labour Party presidential candidate, Peter Obi, has slammed the Federal Government over what he describes as “fiscal recklessness” in managing Nigeria’s national budgets. Obi raised concerns over the simultaneous implementation of budget items from multiple fiscal years, questioning which budget the country is currently operating under ahead of the 2026 budget approval by the […]
Travels: Presidency Spends ₦34 Billion On FOREX In Two Years
Findings have revealed that the Nigerian Presidency spent about ₦34.39 billion on foreign exchange purchases within two years to fund international travels and related official duties. The data, sourced from GovSpend, a public finance tracker by BudgIT, covers transactions linked to the State House, Presidential Air Fleet, Office of the Chief of Staff, and activities […]
Ex-minister Kemi Adeosun Backs Tax Reforms
Former Minister of Finance, Kemi Adeosun, has expressed support for the federal government’s ongoing tax reform efforts. She said the reforms are important for strengthening Nigeria’s economy and improving how government raises revenue without relying too heavily on borrowing. Adeosun explained that Nigeria needs a fair and efficient tax system that encourages compliance while reducing […]
Rivers: Governor Fubara’s EXCO approves N1.85trn 2026 budget proposal
The Rivers State Executive Council has approved a ₦1.85 trillion budget proposal for the 2026 fiscal year. The approval was given during a recent EXCO meeting presided over by Governor Siminalayi Fubara at the Government House in Port Harcourt. The move marks a major step toward the formal presentation of the budget to the State […]
Gov Zulum presents N890bn 2026 budget
Borno State Governor Babagana Zulum has presented a ₦890 billion budget proposal for the 2026 financial year to the State House of Assembly. The governor said the budget is designed to speed up development, rebuild communities affected by insecurity, and improve the living standards of people across the state. Zulum explained that a large part […]
Local Government Autonomy, Dapo Abiodun And Tinubu
President Bola Tinubu’s push for full financial autonomy for Nigeria’s 774 local governments has been described as one of the most important governance reforms in recent years. The Supreme Court ruling of July 2024 declared that local government funds must go directly to councils and not pass through state governments. The aim is to strengthen […]
Fire guts FIRS Headquarters ahead of New Tax laws rollout
A fire outbreak has reportedly affected the headquarters of the Federal Inland Revenue Service (FIRS), raising concerns just as Nigeria prepares for the rollout of new tax laws. The incident occurred at the Abuja office complex, drawing the attention of emergency responders and government officials. According to initial reports, firefighters arrived promptly to control the […]
Tinubu to present 2026 budget without accounting for 2025 fiscal year – BudgIT
Budget transparency group, BudgIT, has raised concerns over plans by President Bola Tinubu to present the 2026 federal budget without providing a full and detailed account of the 2025 fiscal year. The organisation said this approach could weaken accountability and reduce public trust in the budgeting process. According to BudgIT, presenting a new budget without […]