Budget – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Mon, 27 Jan 2025 22:30:42 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Budget – InfoStride News https://www.theinfostride.com 32 32 BudgIT Sets The Record Straight on Sokoto State Budget Transparency Findings [PRESS RELEASE] https://www.theinfostride.com/budgit-sets-the-record-straight-on-sokoto-state-budget-transparency-findings-press-release/ https://www.theinfostride.com/budgit-sets-the-record-straight-on-sokoto-state-budget-transparency-findings-press-release/#respond Mon, 27 Jan 2025 22:30:42 +0000 https://www.theinfostride.com/?p=401876 BudgIT, a prominent civic tech organisation promoting transparency and accountability in Nigeria’s public finance, has noted recent publications across various media outlets that misrepresented our findings on Sokoto State’s budget and fiscal transparency. While we appreciate the media’s role in fostering dialogue, these reports inaccurately represent our analysis, compelling us to clarify the facts and [...]

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]]> https://www.theinfostride.com/budgit-sets-the-record-straight-on-sokoto-state-budget-transparency-findings-press-release/feed/ 0 BudgIT Raises Concerns Over Irregularities in 2025 FG Budget, Urges Prudent Review by National Assembly https://www.theinfostride.com/budgit-raises-concerns-over-irregularities-in-2025-fg-budget-urges-prudent-review-by-national-assembly/ https://www.theinfostride.com/budgit-raises-concerns-over-irregularities-in-2025-fg-budget-urges-prudent-review-by-national-assembly/#respond Fri, 10 Jan 2025 13:52:59 +0000 https://www.theinfostride.com/?p=400240 BudgIT Raises Concern Over Irregularities in 2025 FG Proposed Budget, Calls for Prudent, Patriotic, and Inclusive Review by National Assembly. BudgIT, a leading civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, has observed certain legacy issues with the 2025 Federal Government Proposed Budget and calls on the National Assembly to proactively address [...]

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]]> https://www.theinfostride.com/budgit-raises-concerns-over-irregularities-in-2025-fg-budget-urges-prudent-review-by-national-assembly/feed/ 0 2025 Budget: Senate Threatens Non-Performing Agencies https://www.theinfostride.com/2025-budget-senate-threatens-non-performing-agencies/ https://www.theinfostride.com/2025-budget-senate-threatens-non-performing-agencies/#respond Tue, 10 Dec 2024 12:18:45 +0000 https://www.theinfostride.com/?p=397260 The Nigerian Senate has issued a stern warning to federal agencies lagging in the implementation of their responsibilities under the 2025 budget. During a recent plenary session, senators criticized the inefficiency of certain government agencies, which they argued could jeopardize the success of the budget and the nation’s economic stability. Accountability Concerns Senators highlighted that [...]

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]]> https://www.theinfostride.com/2025-budget-senate-threatens-non-performing-agencies/feed/ 0 Stakeholders Warn of Underperformance Risks in 2025 Budget https://www.theinfostride.com/stakeholders-warn-of-underperformance-risks-in-2025-budget/ https://www.theinfostride.com/stakeholders-warn-of-underperformance-risks-in-2025-budget/#respond Sun, 24 Nov 2024 18:52:44 +0000 https://www.theinfostride.com/?p=395552 Economic stakeholders have expressed concerns that the 2025 national budget may fall short of its targets, citing structural deficiencies, revenue challenges, and implementation bottlenecks. The caution comes as the government finalizes the proposed spending plan, which aims to address critical issues such as infrastructure, security, and economic recovery. During a recent budget review session, analysts [...]

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]]> https://www.theinfostride.com/stakeholders-warn-of-underperformance-risks-in-2025-budget/feed/ 0 Tinubu Set to Present Record N47 Trillion 2025 Budget to National Assembly https://www.theinfostride.com/tinubu-set-to-present-record-n47-trillion-2025-budget-to-national-assembly/ https://www.theinfostride.com/tinubu-set-to-present-record-n47-trillion-2025-budget-to-national-assembly/#respond Fri, 15 Nov 2024 15:14:39 +0000 https://www.theinfostride.com/?p=394249 President Bola Ahmed Tinubu is expected to present Nigeria’s proposed 2025 budget, estimated at a historic N47 trillion, to the National Assembly today. If approved, this budget will mark a significant milestone, being the largest in the country’s history, as it seeks to address Nigeria’s economic challenges and drive growth in critical sectors. Focus on [...]

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]]> https://www.theinfostride.com/tinubu-set-to-present-record-n47-trillion-2025-budget-to-national-assembly/feed/ 0 Nigeria’s Budget Deficit-to-GDP Ratio Reaches 7.5% Amid Rising Government Expenditures https://www.theinfostride.com/nigerias-budget-deficit-to-gdp-ratio-reaches-7-5-amid-rising-government-expenditures/ https://www.theinfostride.com/nigerias-budget-deficit-to-gdp-ratio-reaches-7-5-amid-rising-government-expenditures/#respond Sun, 10 Nov 2024 18:08:31 +0000 https://www.theinfostride.com/?p=393490 Nigeria’s budget deficit has surged to 7.5% of its gross domestic product (GDP), a significant leap above the country’s fiscal guidelines, as government expenditures continue to rise. The deficit reflects the widening gap between government revenue and spending, driven by ambitious infrastructure projects, social programs, and increased costs from debt servicing. This uptick has led [...]

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]]> https://www.theinfostride.com/nigerias-budget-deficit-to-gdp-ratio-reaches-7-5-amid-rising-government-expenditures/feed/ 0 2024 Budget: FG Allocates N732bn for Empowerment, Higher than Allocations for Health Projects https://www.theinfostride.com/2024-budget-fg-allocates-n732bn-for-empowerment-higher-than-allocations-for-health-projects/ https://www.theinfostride.com/2024-budget-fg-allocates-n732bn-for-empowerment-higher-than-allocations-for-health-projects/#respond Sun, 07 Jul 2024 22:29:29 +0000 https://www.theinfostride.com/?p=382857 Tracka, BudgIT’s service delivery promotion platform, which allows citizens to collaborate, track, and give feedback on public projects in their communities, have discovered N732.5 billion worth of empowerment projects in the 2024 Federal Government Capital and Constituency Projects, an amount higher than the N646.5 billion allocated to health projects. Despite the 2023 record of Nigeria [...]

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]]> https://www.theinfostride.com/2024-budget-fg-allocates-n732bn-for-empowerment-higher-than-allocations-for-health-projects/feed/ 0 Nigeria Proposes to Run Four Budgets Simultaneously – An Anomaly with No Precedence https://www.theinfostride.com/nigeria-proposes-to-run-four-budgets-simultaneously-an-anomaly-with-no-precedence/ https://www.theinfostride.com/nigeria-proposes-to-run-four-budgets-simultaneously-an-anomaly-with-no-precedence/#respond Thu, 04 Jul 2024 19:16:56 +0000 https://www.theinfostride.com/?p=382373 BudgIT, a leading civic-tech organisation promoting transparency, accountability, and effective service delivery in Nigeria, decries the proposed elongation of the implementation period for the 2023 Approved Budget and 2023 Supplementary Budget from the proposed termination date of December 31, 2023, to December 31, 2024. Recall that the 2023 Approved Budget of N21.83 trillion, signed into [...]

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]]> https://www.theinfostride.com/nigeria-proposes-to-run-four-budgets-simultaneously-an-anomaly-with-no-precedence/feed/ 0 Public Debt: Nigeria’s largest creditors as of December 2023 https://www.theinfostride.com/public-debt-nigerias-largest-creditors-as-of-december-2023/ https://www.theinfostride.com/public-debt-nigerias-largest-creditors-as-of-december-2023/#respond Thu, 04 Apr 2024 21:18:31 +0000 https://www.theinfostride.com/?p=374859 According to data from the Debt Management Office (DMO), the total public debt in Nigeria is an estimated N97.34 trillion ($108.23 billion) as of December 2023. This figure was an increase of 146% from N39.56 trillion ($95.77 billion) at the end of the previous year.   The major reason for the significant increase is the addition of [...]

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]]> https://www.theinfostride.com/public-debt-nigerias-largest-creditors-as-of-december-2023/feed/ 0 Senate warns against supplementary budget, excess loans https://www.theinfostride.com/senate-warns-against-supplementary-budget-excess-loans/ https://www.theinfostride.com/senate-warns-against-supplementary-budget-excess-loans/#respond Mon, 18 Mar 2024 19:41:19 +0000 https://www.theinfostride.com/?p=373411 The Senate has warned the executive against increasing the budget size through a supplementary budget, advising the government to use the excess savings that are expected to be made from the recent depreciation of the naira to fund deficit. This came against the backdrop of the depreciation of the local currency against the United States [...]

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]]> https://www.theinfostride.com/senate-warns-against-supplementary-budget-excess-loans/feed/ 0 Budget padding controversy: “I got up to N1 billion in constituency project allocation” – Sen. Ned Nwoko https://www.theinfostride.com/budget-padding-controversy-i-got-up-to-n1-billion-in-constituency-project-allocation-sen-ned-nwoko/ https://www.theinfostride.com/budget-padding-controversy-i-got-up-to-n1-billion-in-constituency-project-allocation-sen-ned-nwoko/#respond Sun, 17 Mar 2024 22:17:16 +0000 https://www.theinfostride.com/?p=373366 Ned Nwoko, the senator for Delta North senatorial district, has disclosed that he receives more than N1 billion for constituency projects.   Nwoko, during a recent interview, mentioned that the allocation of resources to senators often varies based on the magnitude of their constituency projects, indicating that it’s not uncommon for some, including himself, to receive larger amounts.  [...]

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]]> https://www.theinfostride.com/budget-padding-controversy-i-got-up-to-n1-billion-in-constituency-project-allocation-sen-ned-nwoko/feed/ 0 Former CIS Boss Warns of Potential Impact on Bond Market Interest Rates if N9.18 Trillion Budget Deficit is Financed Locally https://www.theinfostride.com/former-cis-boss-warns-of-potential-impact-on-bond-market-interest-rates-if-n9-18-trillion-budget-deficit-is-financed-locally/ https://www.theinfostride.com/former-cis-boss-warns-of-potential-impact-on-bond-market-interest-rates-if-n9-18-trillion-budget-deficit-is-financed-locally/#respond Tue, 30 Jan 2024 10:20:23 +0000 https://www.theinfostride.com/?p=369136 A former Director-General of the Chartered Institute of Stockbrokers (CIS) has expressed concerns that financing the N9.18 trillion budget deficit locally could lead to increased interest rates in the bond market. This warning highlights the potential implications for borrowing costs and the broader financial market. As Infostride News closely monitors these developments, comprehensive coverage will [...]

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]]> https://www.theinfostride.com/former-cis-boss-warns-of-potential-impact-on-bond-market-interest-rates-if-n9-18-trillion-budget-deficit-is-financed-locally/feed/ 0 MDCAN Asserts that 5% Budget Allocation is Inadequate for the Nigerian Health Sector https://www.theinfostride.com/mdcan-asserts-that-5-budget-allocation-is-inadequate-for-the-nigerian-health-sector/ https://www.theinfostride.com/mdcan-asserts-that-5-budget-allocation-is-inadequate-for-the-nigerian-health-sector/#respond Tue, 30 Jan 2024 10:15:43 +0000 https://www.theinfostride.com/?p=369127 The Medical and Dental Consultants’ Association of Nigeria (MDCAN) has expressed concerns over the adequacy of the 5% budget allocation for the Nigerian health sector. This assertion highlights ongoing challenges in healthcare funding and the need for increased financial support to address critical issues. As Infostride News closely monitors these developments, comprehensive coverage will be [...]

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]]> https://www.theinfostride.com/mdcan-asserts-that-5-budget-allocation-is-inadequate-for-the-nigerian-health-sector/feed/ 0 Budget Minister Stresses Nigeria’s Need for a Minimum of $100 Billion Investment, Primarily from the Private Sector, by 2050 https://www.theinfostride.com/budget-minister-stresses-nigerias-need-for-a-minimum-of-100-billion-investment-primarily-from-the-private-sector-by-2050/ https://www.theinfostride.com/budget-minister-stresses-nigerias-need-for-a-minimum-of-100-billion-investment-primarily-from-the-private-sector-by-2050/#respond Tue, 16 Jan 2024 11:17:30 +0000 https://www.theinfostride.com/?p=367461 The Budget Minister underscores the imperative for Nigeria to secure a minimum of $100 billion in investment, with a predominant focus on contributions from the private sector, by the year 2050. This statement reflects the government’s recognition of the pivotal role private investment plays in driving economic growth and development. The Budget Minister’s emphasis on [...]

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]]> https://www.theinfostride.com/budget-minister-stresses-nigerias-need-for-a-minimum-of-100-billion-investment-primarily-from-the-private-sector-by-2050/feed/ 0 Governor Sanwo-Olu Enacts N2.267 Trillion Budget for 2024, Featuring N1.31 Trillion in Capital Expenditure https://www.theinfostride.com/governor-sanwo-olu-enacts-n2-267-trillion-budget-for-2024-featuring-n1-31-trillion-in-capital-expenditure/ https://www.theinfostride.com/governor-sanwo-olu-enacts-n2-267-trillion-budget-for-2024-featuring-n1-31-trillion-in-capital-expenditure/#respond Tue, 16 Jan 2024 10:52:42 +0000 https://www.theinfostride.com/?p=367423 Governor Sanwo-Olu has officially signed into law a budget of N2.267 trillion for the year 2024, with a notable allocation of N1.31 trillion dedicated to capital expenditure. This budgetary approval reflects the government’s commitment to infrastructure development, economic growth, and overall fiscal sustainability. The enacted budget, which encompasses both recurrent and capital expenditures, signifies the [...]

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]]> https://www.theinfostride.com/governor-sanwo-olu-enacts-n2-267-trillion-budget-for-2024-featuring-n1-31-trillion-in-capital-expenditure/feed/ 0 BudgIT Commends the Fed Govt for Publishing the Proposed 2024 Government-Owned Enterprises Budget https://www.theinfostride.com/budgit-commends-the-fed-govt-for-publishing-the-proposed-2024-government-owned-enterprises-budget/ https://www.theinfostride.com/budgit-commends-the-fed-govt-for-publishing-the-proposed-2024-government-owned-enterprises-budget/#respond Wed, 03 Jan 2024 19:59:03 +0000 https://www.theinfostride.com/?p=366352 BudgIT, a prominent civic-tech organization promoting transparency, accountability, and effective service delivery in Nigeria, commends the Federal Government of Nigeria for taking a step toward transparency by publishing the 2024 Proposed Budget of its Government-Owned Enterprises (GOEs). In response to several requests by BudgIT, the Federal Government of Nigeria, for the first time, published the [...]

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]]> https://www.theinfostride.com/budgit-commends-the-fed-govt-for-publishing-the-proposed-2024-government-owned-enterprises-budget/feed/ 0 Tinubu Inks Historic Deal: N28.7 Trillion 2024 Budget Officially Signed into Law by President https://www.theinfostride.com/tinubu-inks-historic-deal-n28-7-trillion-2024-budget-officially-signed-into-law-by-president/ https://www.theinfostride.com/tinubu-inks-historic-deal-n28-7-trillion-2024-budget-officially-signed-into-law-by-president/#respond Wed, 03 Jan 2024 14:28:30 +0000 https://www.theinfostride.com/?p=366334 In a momentous event at the Presidential Villa in Abuja, President Bola Tinubu officially signed the 2024 appropriation bill into law, marking a significant milestone in Nigeria’s fiscal landscape. The ceremony, which took place on Monday, was attended by eminent figures including the President of the Senate, Senator Godswill Akpabio, and the Speaker of the [...]

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]]> https://www.theinfostride.com/tinubu-inks-historic-deal-n28-7-trillion-2024-budget-officially-signed-into-law-by-president/feed/ 0 Senate Greenlights Extension: 2023 Supplementary Budget Implementation Stretched to March 31, 2024 https://www.theinfostride.com/senate-greenlights-extension-2023-supplementary-budget-implementation-stretched-to-march-31-2024/ https://www.theinfostride.com/senate-greenlights-extension-2023-supplementary-budget-implementation-stretched-to-march-31-2024/#respond Thu, 21 Dec 2023 19:04:24 +0000 https://www.theinfostride.com/?p=365116 The extension of the implementation of the supplementary appropriation bill from December 31, 2023, to March 31, 2024, has received approval from the Senate. This decision was prompted by an amendment presented by the Leader of the Senate, Senator Opeyemi Bamidele, who sought to extend the lifespan of the bill beyond the originally stipulated date. [...]

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]]> https://www.theinfostride.com/senate-greenlights-extension-2023-supplementary-budget-implementation-stretched-to-march-31-2024/feed/ 0 Imo State Assembly Greenlights Ambitious N592 Billion Budget for 2024 https://www.theinfostride.com/imo-state-assembly-greenlights-ambitious-n592-billion-budget-for-2024/ https://www.theinfostride.com/imo-state-assembly-greenlights-ambitious-n592-billion-budget-for-2024/#respond Fri, 15 Dec 2023 10:33:13 +0000 https://www.theinfostride.com/?p=364391 In a recent plenary session on Thursday, the Imo State House of Assembly approved the state’s N592 billion Appropriation Bill for the 2024 fiscal year. This development, reported by the News Agency of Nigeria (NAN), marks a significant step forward in the state’s financial planning. Named the “Budget of Renewed Economic Growth,” the approved budget [...]

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]]> https://www.theinfostride.com/imo-state-assembly-greenlights-ambitious-n592-billion-budget-for-2024/feed/ 0 Minister Dismisses Allegations: No N1 Billion Allocated for Geneva Trip in 2024 Budget https://www.theinfostride.com/minister-dismisses-allegations-no-n1-billion-allocated-for-geneva-trip-in-2024-budget/ https://www.theinfostride.com/minister-dismisses-allegations-no-n1-billion-allocated-for-geneva-trip-in-2024-budget/#respond Fri, 15 Dec 2023 10:11:28 +0000 https://www.theinfostride.com/?p=364367 In a recent statement, the Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, vehemently denied media reports suggesting that N1 billion was earmarked for a foreign trip to Geneva in the 2024 Budget. Setting the record straight, Uzoka-Anite emphasized that the allocated funds were intended for specific obligations, overhead, and maintenance costs associated with Nigeria’s [...]

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]]> https://www.theinfostride.com/minister-dismisses-allegations-no-n1-billion-allocated-for-geneva-trip-in-2024-budget/feed/ 0 Delta Assembly Greenlights N724.9 Billion Budget for 2024 https://www.theinfostride.com/delta-assembly-greenlights-n724-9-billion-budget-for-2024/ https://www.theinfostride.com/delta-assembly-greenlights-n724-9-billion-budget-for-2024/#respond Thu, 14 Dec 2023 16:46:34 +0000 https://www.theinfostride.com/?p=364299 In a significant legislative development, the Delta State House of Assembly recently approved the 2024 Appropriation Bill, amounting to a total of N724.9 billion. This decision comes approximately two weeks after the state governor, Sheriff Oborevwori, presented the budget to the assembly. The legislative milestone was achieved following the adoption of the report submitted by [...]

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]]> https://www.theinfostride.com/delta-assembly-greenlights-n724-9-billion-budget-for-2024/feed/ 0 Lagos Aims High: Targets N1.25 Trillion Internal Revenue in 2024 https://www.theinfostride.com/lagos-aims-high-targets-n1-25-trillion-internal-revenue-in-2024/ https://www.theinfostride.com/lagos-aims-high-targets-n1-25-trillion-internal-revenue-in-2024/#respond Wed, 13 Dec 2023 22:22:06 +0000 https://www.theinfostride.com/?p=364264 In a bid to drive economic growth and sustain development initiatives, the Lagos State Government is ambitiously targeting an Internally Generated Revenue (IGR) of N1.251 trillion to finance its 2024 budget. Governor Babajide Sanwo-Olu unveiled this fiscal strategy during the presentation of the 2024 budget, aptly titled the “Budget of Renewal.” The financial blueprint outlines [...]

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]]> https://www.theinfostride.com/lagos-aims-high-targets-n1-25-trillion-internal-revenue-in-2024/feed/ 0 Budget Office Flags Concerns: N27.5 Trillion Proposal Falls Short of Meeting Nigeria’s Economic Needs https://www.theinfostride.com/budget-office-flags-concerns-n27-5-trillion-proposal-falls-short-of-meeting-nigerias-economic-needs/ https://www.theinfostride.com/budget-office-flags-concerns-n27-5-trillion-proposal-falls-short-of-meeting-nigerias-economic-needs/#respond Thu, 07 Dec 2023 10:40:31 +0000 https://www.theinfostride.com/?p=363508 Ben Akabueze, the Director-General of the Budget Office of the Federation, expressed his concern about the proposed N27.5 trillion budget for 2024, currently awaiting approval in the National Assembly, stating that it is considered “too small” to adequately address Nigeria’s economic needs. Despite this, he acknowledged the government’s commitment to fiscal responsibility by aligning expenses [...]

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]]> https://www.theinfostride.com/budget-office-flags-concerns-n27-5-trillion-proposal-falls-short-of-meeting-nigerias-economic-needs/feed/ 0 Governor Makinde Unveils Ambitious N434.4 Billion Budget for Oyo State in 2024 https://www.theinfostride.com/governor-makinde-unveils-ambitious-n434-4-billion-budget-for-oyo-state-in-2024/ https://www.theinfostride.com/governor-makinde-unveils-ambitious-n434-4-billion-budget-for-oyo-state-in-2024/#respond Tue, 05 Dec 2023 17:27:19 +0000 https://www.theinfostride.com/?p=363299 Oyo State Governor, Mr. Seyi Makinde, has presented the 2024 budget proposal of N434.4 billion to the state assembly for approval. The budget is divided into N222.3 billion for capital expenditure and N211.8 billion for recurrent expenditure. Makinde highlighted an anticipated increase in Internally Generated Revenue to N72 billion, averaging N6 billion monthly. Allocation to [...]

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]]> https://www.theinfostride.com/governor-makinde-unveils-ambitious-n434-4-billion-budget-for-oyo-state-in-2024/feed/ 0 Tinubu Unveils Ambitious N27.5 Trillion 2024 Budget to NASS, Aims for Staggering N18.32 Trillion Revenue Surge https://www.theinfostride.com/tinubu-unveils-ambitious-n27-5-trillion-2024-budget-to-nass-aims-for-staggering-n18-32-trillion-revenue-surge/ https://www.theinfostride.com/tinubu-unveils-ambitious-n27-5-trillion-2024-budget-to-nass-aims-for-staggering-n18-32-trillion-revenue-surge/#respond Wed, 29 Nov 2023 17:41:10 +0000 https://www.theinfostride.com/?p=362584 On Wednesday, President Bola Tinubu presented the 2024 appropriation bill to the National Assembly, labeling it the ‘Budget of Renewed Hope.’ This follows the Federal Executive Council’s approval of N27.5 trillion for the 2024 budget on Monday. The government aims for N18.32 trillion in revenue generation to support the budget, resulting in a projected budget [...]

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]]> https://www.theinfostride.com/tinubu-unveils-ambitious-n27-5-trillion-2024-budget-to-nass-aims-for-staggering-n18-32-trillion-revenue-surge/feed/ 0 Peter Obi slams the N2.17 trillion 2023 supplementary budget as an extravagant splurge https://www.theinfostride.com/peter-obi-slams-the-n2-17-trillion-2023-supplementary-budget-as-an-extravagant-splurge/ https://www.theinfostride.com/peter-obi-slams-the-n2-17-trillion-2023-supplementary-budget-as-an-extravagant-splurge/#respond Thu, 09 Nov 2023 13:37:42 +0000 https://www.theinfostride.com/?p=359962 In a scathing critique of the recently passed N2.17 trillion 2023 supplementary budget, former Anambra state governor and Labour Party’s presidential candidate, Mr. Peter Obi, lambasted the administration led by President Bola Tinubu for what he termed as “lavish indulgence.” The budget, which has now become a subject of national debate, was signed into law [...]

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]]> https://www.theinfostride.com/peter-obi-slams-the-n2-17-trillion-2023-supplementary-budget-as-an-extravagant-splurge/feed/ 0 Federal Government earmarks N400 billion for 2023 supplementary budget to bolster roads and infrastructure https://www.theinfostride.com/federal-government-earmarks-n400-billion-for-2023-supplementary-budget-to-bolster-roads-and-infrastructure/ https://www.theinfostride.com/federal-government-earmarks-n400-billion-for-2023-supplementary-budget-to-bolster-roads-and-infrastructure/#respond Mon, 06 Nov 2023 19:12:17 +0000 https://www.theinfostride.com/?p=359620 In the recently approved 2023 supplementary budget, the Federal Government has set aside a substantial amount of N400 billion for critical infrastructure development, with a focus on road construction and other essential projects that will benefit the nation. The allocation of this considerable sum reflects the government’s commitment to improving the state of infrastructure across [...]

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]]> https://www.theinfostride.com/federal-government-earmarks-n400-billion-for-2023-supplementary-budget-to-bolster-roads-and-infrastructure/feed/ 0 Presidential yacht dropped from budget, N5 billion reallocated to student loans https://www.theinfostride.com/presidential-yacht-dropped-from-budget-n5-billion-reallocated-to-student-loans/ https://www.theinfostride.com/presidential-yacht-dropped-from-budget-n5-billion-reallocated-to-student-loans/#respond Thu, 02 Nov 2023 19:59:45 +0000 https://www.theinfostride.com/?p=359239 The House of Representatives has taken a significant step by making a pivotal adjustment to the 2023 supplementary budget. In an announcement made by the Chairman of the House Committee on Appropriation, Abubakar Bichi (APC, Kano), it was revealed that the contentious allocation of N5 billion for a presidential yacht has been removed from the [...]

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]]> https://www.theinfostride.com/presidential-yacht-dropped-from-budget-n5-billion-reallocated-to-student-loans/feed/ 0 Delta State’s Ambitious Vision: N714.4 Billion Budget Proposal for 2024 https://www.theinfostride.com/delta-states-ambitious-vision-n714-4-billion-budget-proposal-for-2024/ https://www.theinfostride.com/delta-states-ambitious-vision-n714-4-billion-budget-proposal-for-2024/#respond Fri, 27 Oct 2023 07:36:49 +0000 https://www.theinfostride.com/?p=358420 The Delta State Executive Council has put forth a comprehensive budget proposal for the fiscal year 2024, amounting to a substantial N714.4 billion. This announcement was made by Mr. Sunny Edekeyan, the state’s Commissioner of Economic Planning, following a session of the Executive Council. The budget is a testament to the government’s commitment to fostering [...]

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]]> https://www.theinfostride.com/delta-states-ambitious-vision-n714-4-billion-budget-proposal-for-2024/feed/ 0 2023 Budget: FG Falls Short of Targets Amid Deepening Fiscal Crisis https://www.theinfostride.com/2023-budget-fg-falls-short-of-targets-amid-deepening-fiscal-crisis/ https://www.theinfostride.com/2023-budget-fg-falls-short-of-targets-amid-deepening-fiscal-crisis/#respond Thu, 19 Oct 2023 21:24:36 +0000 https://www.theinfostride.com/?p=357645 The Nigerian Federal Government has experienced a concerning fiscal shortfall during the initial seven months of 2023, as revealed in data extracted from the Medium Term Expenditure Framework for the period 2024-2026, as reported by Infostride News. This data underscores the current fiscal challenges confronting the government and raises questions about its financial stability. In [...]

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]]> https://www.theinfostride.com/2023-budget-fg-falls-short-of-targets-amid-deepening-fiscal-crisis/feed/ 0 FG Unveils Ambitious N26 Trillion 2024 Budget, Banking on Exchange Rate Boost and Expected Inflows https://www.theinfostride.com/fg-unveils-ambitious-n26-trillion-2024-budget-banking-on-exchange-rate-boost-and-expected-inflows/ https://www.theinfostride.com/fg-unveils-ambitious-n26-trillion-2024-budget-banking-on-exchange-rate-boost-and-expected-inflows/#respond Mon, 16 Oct 2023 18:54:12 +0000 https://www.theinfostride.com/?p=357227 The Federal Government of Nigeria has set its sights on a substantial N26 trillion budget for the fiscal year 2024, marking a significant increase compared to the N21.8 trillion budget currently in operation and approved during the tenure of President Muhammadu Buhari. This ambitious financial plan was unveiled following the conclusion of a Federal Executive [...]

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]]> https://www.theinfostride.com/fg-unveils-ambitious-n26-trillion-2024-budget-banking-on-exchange-rate-boost-and-expected-inflows/feed/ 0 BudgIT Launches FG Budget Dashboard; gives Citizens Access to Disaggregated Budget Data https://www.theinfostride.com/budgit-launches-fg-budget-dashboard-gives-citizens-access-to-disaggregated-budget-data/ https://www.theinfostride.com/budgit-launches-fg-budget-dashboard-gives-citizens-access-to-disaggregated-budget-data/#respond Wed, 08 Feb 2023 21:57:31 +0000 https://www.theinfostride.com/?p=341214 BudgIT, a leading public data organisation focused on raising active citizens and civic leaders to improve governance by bridging the information gap between the government and citizens, has launched its interactive FG Budget Dashboard, a web-based platform that provides quick access to the Federal Government’s budget data at a disaggregated level across all Ministries, Departments [...]

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]]> https://www.theinfostride.com/budgit-launches-fg-budget-dashboard-gives-citizens-access-to-disaggregated-budget-data/feed/ 0 BudgIT expresses concerns over the Poor Fiscal Performance of FG’s 2022 Budget and the growing Subsidy Payments https://www.theinfostride.com/budgit-expresses-concerns-over-the-poor-fiscal-performance-of-fgs-2022-budget-and-the-growing-subsidy-payments/ https://www.theinfostride.com/budgit-expresses-concerns-over-the-poor-fiscal-performance-of-fgs-2022-budget-and-the-growing-subsidy-payments/#respond Mon, 25 Jul 2022 07:34:32 +0000 https://www.theinfostride.com/?p=329145 BudgIT raises serious concerns over the poor performance of the 2022 budget, implications of petrol subsidy on the national economy and precarious debt service to revenue ratio. BudgIT, a foremost civic-tech organisation leading advocacy for transparency and accountability in Nigeria’s public financial management, has expressed concerns over the poor fiscal performance of the federal government’s [...]

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]]> https://www.theinfostride.com/budgit-expresses-concerns-over-the-poor-fiscal-performance-of-fgs-2022-budget-and-the-growing-subsidy-payments/feed/ 0 BudgIT releases 2022 Budget Consultation Memo, blasts NASS for Infractions https://www.theinfostride.com/budgit-releases-2022-budget-consultation-memo-blasts-nass-for-infractions/ https://www.theinfostride.com/budgit-releases-2022-budget-consultation-memo-blasts-nass-for-infractions/#respond Thu, 17 Mar 2022 22:52:06 +0000 https://www.theinfostride.com/?p=320802 BudgIT releases its 2022 Budget Analysis Consultative Memo, slams NASS for corruption loopholes and infractions, calls for urgent amendment. BudgIT, a foremost civic-tech organisation leading the advocacy for fiscal transparency and accountability in Nigeria, has called on the National Assembly to eliminate infractions and corruption loopholes in the 2022 Approved Budget. This call was made [...]

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]]> https://www.theinfostride.com/budgit-releases-2022-budget-consultation-memo-blasts-nass-for-infractions/feed/ 0 President Buhari presents N16.4 trillion 2022 Budget to the National Assembly https://www.theinfostride.com/president-buhari-presents-n16-4-trillion-2022-budget-to-the-national-assembly/ https://www.theinfostride.com/president-buhari-presents-n16-4-trillion-2022-budget-to-the-national-assembly/#respond Thu, 07 Oct 2021 15:23:55 +0000 https://www.theinfostride.com/?p=309755 President Buhari has presented a budget of N16.39 trillion for the 2022 fiscal year titled budget of economic growth and sustainability to the National Assembly. He mentioned this while addressing the joint session of the National Assembly on Thursday at the Green Chamber. In his words, the government plans to spend a sum of N16.38 [...]

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]]> https://www.theinfostride.com/president-buhari-presents-n16-4-trillion-2022-budget-to-the-national-assembly/feed/ 0 Minister Of State For Budget And National Planning Attends Stakeholders Meeting On Finance Bill https://www.theinfostride.com/minister-of-state-for-budget-and-national-planning-attends-stakeholders-meeting-on-finance-bill/ https://www.theinfostride.com/minister-of-state-for-budget-and-national-planning-attends-stakeholders-meeting-on-finance-bill/#respond Sat, 12 Dec 2020 17:36:24 +0000 https://www.theinfostride.com/?p=277417 The Minister of State for Budget and National Planning, Prince Clem Ikanade has collaborated with the Minister of Humanitarian Affairs at the recently held; Stakeholders’ meeting on Implementing the “Global Compact on Refugees”. Following this Prince Clem Ikanade also attended the public hearing on the 2020 Finance Bill in company of the Minister of Finance, [...]

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]]> https://www.theinfostride.com/minister-of-state-for-budget-and-national-planning-attends-stakeholders-meeting-on-finance-bill/feed/ 0 Mallam Kyari Defends NNPC’ 2021 Budget Before The House Of Representative https://www.theinfostride.com/mallam-kyari-defends-nnpc-2021-budget-before-the-house-of-representative/ https://www.theinfostride.com/mallam-kyari-defends-nnpc-2021-budget-before-the-house-of-representative/#respond Sun, 29 Nov 2020 19:44:48 +0000 https://www.theinfostride.com/?p=276080 The General Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari has appeared before the House of Representative In Abuja to defend the 2021 budget of the corporation. The House of Representatives’ Joint Committees on Petroleum have reportedly commended the Nigerian National Petroleum Corporation for it’s achievements in it’s commitment to transparency and [...]

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]]> https://www.theinfostride.com/mallam-kyari-defends-nnpc-2021-budget-before-the-house-of-representative/feed/ 0 I Must Achieve 70 Percent Implementation Of The New Budget Before The End Of 2020 – Seyi Makinde https://www.theinfostride.com/i-must-achieve-70-percent-implementation-of-the-new-budget-before-the-end-of-2020-seyi-makinde/ Tue, 24 Dec 2019 02:21:54 +0000 https://www.theinfostride.com/?p=243663 Oyo State governor, Seyi Makinde has signed the 2020 appropriation bill into law. The 2020 budget signing ceremony, which took place within the State’s Executive Council Chambers, Governor’s Office, Agodi Ibadan, was witnessed by the Deputy Governor, Engineer Rauf Olaniyan; the Speaker of the House of Assembly, Rt. Honorable Adebo Ogundoyin, members of the House [...]

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]]> Early Passage And Signing Of 2020 Budget Is a Good Sign Of Development – BMO https://www.theinfostride.com/early-passage-and-signing-of-2020-budget-is-a-good-sign-of-development-bmo/ Wed, 18 Dec 2019 22:15:40 +0000 https://www.theinfostride.com/?p=243557 The Buhari Media Organisation (BMO) has hailed the fast passage of the 2020 Budget by the National Assembly and its subsequent assent by President Muhammadu Buhari on Tuesday. In a recent statement signed by its Chairman Niyi Akinsiju in Abuja on Tuesday, BMO disclosed that the quick passage is a sign of progressive leadership under [...]

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]]> EKHA’s Handling Of 2020 Budget Will Surely Develop Ekiti State- Biodun Omoleye https://www.theinfostride.com/ekhas-handling-of-2020-budget-will-surely-develop-ekiti-state-biodun-omoleye/ Thu, 05 Dec 2019 01:42:45 +0000 https://www.theinfostride.com/?p=242756 The Ekiti State House of Assembly Committee on Finance and Appropriation have been applauded for showing commitment to quality budgeting in the state. Chief of Staff to the Governor of Ekiti State, Hon. Biodun Omoleye who praised the committee recently sating their input in the 2020 budget will surely aid the social and economic transformation [...]

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]]> Senate Should Consider NDDC Budget – Buhari https://www.theinfostride.com/senate-should-consider-nddc-budget-buhari/ Wed, 27 Nov 2019 01:48:32 +0000 https://www.theinfostride.com/?p=241902 Nigeria’s President, Muhammadu Buhari has urged the Senate to consider the NDDC budget for 2019/2020. The Senate has received a formal request from President Muhammadu Buhari for the consideration and passage of the 2019/2020 budget estimates for the Nigerian Delta Development Commission (NDDC). According to him, a delayed budget might cause issues since nobody will [...]

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]]> Timely Budget Presentation Is Needed For Good Governance – Mudashiru Obasa https://www.theinfostride.com/timely-budget-presentation-is-needed-for-good-governance-mudashiru-obasa/ Sun, 24 Nov 2019 19:13:28 +0000 https://www.theinfostride.com/?p=241721 Lagos State House of Assembly, speaker, Mr. Mudashiru Obasa has asked for timely presentation of budgets to the legislature by October of every year to make sure good governance is delivered to the people. Mudashiru, also Chairman, Conference of Speakers State Legislature of Nigeria, revealed this in his keynote address at a three-day Budget Retreat [...]

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]]> N1.17trn Lagos Budget 2020 Will Improve Investment – Sanwo-Olu https://www.theinfostride.com/n1-17trn-lagos-budget-2020-will-improve-investment-sanwo-olu/ Sat, 09 Nov 2019 17:08:15 +0000 https://www.theinfostride.com/?p=240647 Lagos State governor, Babajide Sanwo-Olu has said the proposed 2020 N1.168 trillion budget will bring private sector investment. He said this recently as he presented the 2020 Budget to the State House of Assembly. Sanwo believes that the budget would attract private sector investments to the state economy by providing an enabling environment. He added [...]

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]]> The N10.7 Trillion 2020 Budget By Buhari Is Vague – PDP https://www.theinfostride.com/the-n10-7-trillion-2020-budget-by-buhari-is-vague-pdp/ Wed, 09 Oct 2019 11:53:00 +0000 https://www.theinfostride.com/?p=238336 The Peoples Democratic Party has come out to say that the N10.7 trillion 2020 budget presented by PMB to the National Assembly will make Nigerians poorer and will also mortgage the future of the country and its citizens. The opposition party also begged the legislature to redirect the fiscal proposal so that it can be [...]

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]]> With Buhari’s Budget, Nigeria’s Suffering Will Not End Anytime Soon – CUPP https://www.theinfostride.com/with-buharis-budget-nigerias-suffering-will-not-end-anytime-soon-cupp/ Wed, 09 Oct 2019 11:52:42 +0000 https://www.theinfostride.com/?p=238339 The Coalition of United Political Parties, CUPP, has described the 2020 Budget presented to the National Assembly by President Muhammadu Buhari as a lot, but one that lacks substance. This is coming as it announced that it was heading for the court to challenge the planned increment in the Value Added Tax, VAT, by the [...]

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]]> Buhari Will Present 2020 Budget Proposal To NASS On Tuesday – Presidency https://www.theinfostride.com/buhari-will-present-2020-budget-proposal-to-nass-on-tuesday-presidency/ Tue, 08 Oct 2019 11:34:42 +0000 https://www.theinfostride.com/?p=238293 The Presidency has said President Muhammadu Buhari will present the 2020 Appropriation Bill to a joint session of the National Assembly today, Tuesday, October 8th, 2019. The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, revealed this at the end of an intense meeting of the Federal Executive Council (FEC). Adesina [...]

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]]> Femi Gbajabiamila Should Ensure The Smooth Passage Of The 2020 Budget – Abdullahi GandujeFemi Gbajabiamila Should Ensure The Smooth Passage Of The 2020 Budget – Abdullahi Ganduje https://www.theinfostride.com/femi-gbajabiamila-should-ensure-the-smooth-passage-of-the-2020-budget-abdullahi-gandujefemi-gbajabiamila-should-ensure-the-smooth-passage-of-the-2020-budget-abdullahi-ganduje/ Mon, 23 Sep 2019 22:47:55 +0000 https://www.theinfostride.com/?p=237699 Kano State governor, Abdullahi Ganduje has urged the Speaker of the House of Representatives, Femi Gbajabiamila to get rid of all hurdles for a seamless passage of the 2020 budget. Gov Abdullahi said this as Femi Gbajabiamila paid a condolence visit to a member of the House, Sha’aban Sharada, over the death of his dad, [...]

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]]> Tinubu Should Prove That I Have Padded The Budget Since 2015 – Saraki https://www.theinfostride.com/tinubu-should-prove-that-i-have-padded-the-budget-since-2015-saraki/ Tue, 23 Apr 2019 17:25:56 +0000 https://www.theinfostride.com/?p=231423 Senate President, Bukola Saraki has told APC leader, Bola Tinubu to provide evidence that he has padded the national budgets since 4 years ago. Bola Tinubu, in a recent statement, said Saraki and the Speaker of the House of Representatives, Yakubu Dogara, have padded the national budgets since they assumed power in their respective roles. [...]

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]]> Release NASS Budget Details – Bukola Saraki Tells Mohammed Sani-Omolori https://www.theinfostride.com/release-nass-budget-details-bukola-saraki-tells-mohammed-sani-omolori/ Wed, 10 Apr 2019 18:34:22 +0000 https://www.theinfostride.com/?p=230777 Senate President, Bukola Saraki has instructed the Clerk to the National Assembly, Mohammed Sani-Omolori to reveal the details of the National Assembly 2019 budget available for passage into law as soon as possible. He disclosed this in a letter he sent to Mohammed Sani-Omolori on March 26, 2019, signed by the Chief of Staff to [...]

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]]> Our Debt Is 60 Per Cent Of Our Budget – Peter Obi https://www.theinfostride.com/our-debt-is-60-per-cent-of-our-budget-peter-obi/ Tue, 05 Feb 2019 06:04:34 +0000 https://www.theinfostride.com/?p=226516 Vice Presidential candidate, Mr. Peter Obi recently visited several markets in Lagos to seek support for the Alhaji Atiku Abubakar, whom he hailed as having the essential credentials to tackle the nation’s economic state if voted in Feb. Obi also blasted the ruling All Progressives Congress (APC)-led Federal Government over the Nigeria’s increasing debt profile [...]

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