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Tinubu Increases 2025 Budget to ₦54.2tn Amid Revenue Boost

President Bola Tinubu has increased the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, citing additional revenues generated by key government agencies. The President communicated the budget adjustment in separate letters to the Senate and the House of Representatives, which were read during plenary by Senate President Godswill Akpabio. According to Tinubu, the increase […]

NLC Slams ₦8bn Budget for Electricity Bill Campaign, Calls for Sector Overhaul

The Nigerian Labour Congress (NLC) has criticised the allocation of ₦8 billion in the 2025 federal budget for sensitising Nigerians on the need to pay electricity bills, describing it as “absurd.” In a statement signed on Tuesday by its President, Comrade Joe Ajaero, the union expressed its disapproval of the Federal Ministry of Power’s proposal, […]

2025 Budget Proposal: Tinubu Commits N49.7trn to Security, Infrastructure, and Growth

President Bola Ahmed Tinubu presented the 2025 budget proposal of ₦49.7 trillion to a joint session of the National Assembly in Abuja, targeting an ambitious reduction in inflation from 34.6% to 15%. The proposed budget, themed the “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” allocates the largest share of ₦4.91 trillion to defence and security, […]

FEC Clears N47.96trn Budget, Renames University of Abuja After Yakubu Gowon

The Federal Executive Council (FEC) has approved a budget proposal of N47.96 trillion for the 2025 fiscal year, following its final meeting of 2024. Minister of Budget and Economic Planning, Senator Atiku Bagudu, announced this during a media briefing after the meeting, which was presided over by President Bola Tinubu. Bagudu explained that the budget […]

FG Targets Economic Growth with £47.9 Trillion 2025 Budget

The Federal Executive Council (FEC) has approved a £47.9 trillion budget estimate for the 2025 fiscal year, following its meeting at the State House, Abuja, presided over by President Bola Tinubu. Addressing journalists after the meeting held in the Council Chambers, Minister of Budget and Economic Planning, Atiku Bagudu, explained that the budget approval was […]