Economy
Budget Defence: Group urges VCs to defend 2025 budget estimates
A civil society organisation, the Save Humanity Advocacy Centre (SHAC) has called on Vice Chancellors of Nigerian Universities who failed to defend their 2025 budget to do so ahead of the passage of the Appropriation Bill. SHAC’s counsel comes on the heels of a recent media report accusing the National Assembly Committees on Tertiary Education…
Between Kyari’s Fuel Importation Figures and the rest of us
By Bala Kuta There seems to be more than meets the eye regarding what is happening in the country’s petroleum sector. Recently we have witnessed the drama between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery. From the foregoing, all is not well and Nigerians are bearing the brunt of the unending…
2025 BUDGET: details of the N4.52 trillion increase
Solid minerals sector – N1 trillion Recapitalisation of the Bank of Agriculture (BoA) – N1.5 trillion Recapitalisation of the Bank of Industry (Bol) N500billion Critical Infrastructure Projects (RHID Fund) – N1.5 trillion Transportation infrastructure (roads and rail): N700 billion Border communities infrastructure: N50 billion Military barracks accommodation – N250 billion Military aviation – N120…
THE RETURN OF THE ORIGINAL BUILDERS OF AJAOKUTA STEEL COMPLEX: A POSITIVE INITIATIVE TOWARDS A RENEWED HOPE IN THE INDUSTRIALIZATION OF NIGERIAN ECONOMY
By Hon. Musa Bakare In a pivotal move aimed at revitalizing Nigeria’s industrial sector once and for all, the Minister of Steel Development, Prince Shuaibu Abubakar Audu, has reportedly signed a landmark Memorandum of Understanding (MoU) with the original builders of the Ajaokuta Steel Company Limited (ASCL), the Consortium, led by Mr. Sergei Egorov,…
2025 BUDGET: NCC projected a total revenue of N272.433 billion as NASS expressed satisfaction with NCC’s 2024 budget performance
The Nigerian Communication Commission (NCC) defends it 2024 budget performance simultaneously with the presentation of 2025 budget proposal on Thursday during the joint session of both Senate and House Committee on Communication, says “The major component of that revenue is an operating levy of N205.7 billion and spectrum fees of N49.784 billion and then other…
YOUTH ACTION EVENT: YOUTH MINISTER CALLS FOR ESTABLISHMENT OF YDO IN CBN
Earlier today, Minister for Youth Development, Comrade Ayodele Olawande attended the Youth Action Event organized by the Central Bank of Nigeria themed “The Youths Are Here,” which held at the CBN Headquarters in Abuja. The Minister commended the Central Bank of Nigeria for its initiatives aimed at equipping young people with leadership and digital…
Nigeria’s Financial Requirements and Developmental Challenges: A Path to Economic Sustainability
By Abayomi Odunowo. Nigeria, Africa’s most populous nation, is grappling with multifaceted developmental challenges that have persisted for decades. At the heart of these obstacles lie infrastructural deficits, inadequate healthcare systems, and pervasive poverty that stunts economic growth. The National Development Plan (NDP) 2021-2025 highlights the gravity of this situation, estimating that the nation…
Tollgate Will Provide Security, Vital Tool for Economic Development – Sen. Babangida
By Edwin Wisdom The Senator representing Jigawa Northwest Senatorial District, Babangida Hussani (APC) has commended the returns of tollgate to Nigeria federal roads,says apart from providing security architecture that house security to monitor the vehicles that ply the roads, the nature of goods, it is a vital tool for economic development. …
Senate Adopts Art, Culture and Creative Economy Ministry’s 2024 Budget Performance Report
…invites Bagudu, Edum and Director Budget Office over low budgetary allocation proposal to Creative Economy The Senate committee on Art, Culture and Creative Economy has issued an invitation to Minister of Budget and National Planning, Minister of Finance and DG, Budget Office. The committee which adopted the ministry’s 2024 budget performance issued…
NASS Skeptical at FG’s Diversification Plan, Summons Edun and Bugaduu
The National Assembly has expressed concerns over the insufficient allocation of funds to the Ministry of Solid Minerals in the 2025 budget, querying the economic diversification plan of the Federal Government. Summoned the Minister of Finance and Coordinating Minister of the Economy, Wale Edun along with his counterpart in the Ministry of Budget and Economic…