Budget Archives - OrderPaper

Senate threatens zero allocation to information ministry if…

Sharon EboesomiJanuary 14, 20253 min

Given the critical role the information sector plays in advancing the agenda of President Tinubu, Sen. Eze noted that the committee unanimously agreed to return the proposed budget. The senate committee on information and national orientation has rejected the N8.9 billion budget proposal for the federal ministry of information and national orientation in the 2025 budget, deeming it grossly inadequate. Consequently, the committee has summoned the minister of budget and economic planning, Sen. Atiku Bagudu, for...

National Assembly Politics

2025 Budget: JAMB under fire for alleged mismanagement of funds

Sharon EboesomiJanuary 13, 20252 min

The board remitted N4 billion to the Consolidated Revenue Fund in 2024 whereas it received N6 billion from the Federal Government. Lawmakers have raised concerns over the financial operations of the Joint Admissions and Matriculation Board (JAMB), questioning its fiscal prudence and the logic of government funding for a revenue-generating agency. These concerns were raised on Monday during an interactive session of the joint committee of the Senate and House of Representatives chaired by Sen....

Senate

“We cannot assure the grid won’t collapse again” – Minister to senate

Sharon EboesomiJanuary 13, 20254 min

While efforts are underway to stabilise the grid, Adelabu admitted that the collapse can only be managed until necessary funds are provided. Minister of power, Bayo Adelabu has painted a mixed picture of progress and persistent challenges in Nigeria’s power sector detailing the complexities surrounding the national grid collapses experienced in 2024, funding shortfalls, and the pressing need for investment to achieve sustainable energy security. Adelabu said these when he appeared before the senate committee...

National Assembly Politics

NASS calls Nigeria’s border closure a futile policy

Sharon EboesomiJanuary 11, 20253 min

The national assembly has criticised Nigeria’s border closure policy, citing its ineffectiveness in curbing smuggling and insecurity, and urged the ministry of industry, trade, and investment to liaise with the presidency for a practical solution. The National Assembly, through its joint committee on Industry, Trade, and Investment, has criticised Nigeria’s border closure policy, describing it as ineffective in addressing cross-border banditry and smuggling, particularly in states bordering Niger and Chad. This criticism came to the...

National Assembly Politics

NASS concerned over low performance of 2024 budget

Sharon EboesomiJanuary 10, 20254 min

Edun confirmed that there are pending warrants awaiting payment for capital projects, but funding remains a key challenge. The National Assembly has raised serious concerns about the significant imbalance between recurrent and capital expenditures and the low level of fund releases for capital projects for Ministries, Departments and Agencies (MDAs) in the 2024 national budget, with both chambers urging for more focus on capital projects that directly benefit the Nigerian populace. This was disclosed Wednesday...

Senate

Senate to pause plenary for two weeks as budget deliberations commence

Sharon EboesomiJanuary 7, 20253 min

The senate will hold an “open day” this Thursday, providing a platform for a diverse group of stakeholders, including heads of MDAs to offer their input on the budget. The senate has announced plans to suspend plenary sessions for a two-week period upon its resumption on January 14, 2025. This is in line with the National Assembly plans to begin the committee-level review of the proposed N49.7 trillion 2025 budget. Additionally, the senate will hold...

Senate

Senators break for Christmas after budget debate | SENATE GIST TODAY

Sharon EboesomiDecember 19, 20243 min

The senate passed the 2025 budget for second reading and adjourned for Christmas break until January 14, 2025 Senate adjourns for Christmas break The senate has adjourned plenary until January 14, 2025. The announcement was made by the President of the Senate, Godswill Akpabio during Thursday’s plenary, shortly after the passage of the second reading of the 2025 budget. In his closing remarks, Akpabio extended holiday wishes to his colleagues, the Speaker and leadership of...

Senate

BREAKING: 2025 budget scales second reading in senate

Sharon EboesomiDecember 19, 202410 min

Following a robust debate by senators present, the President of the Senate, Godswill Akpabio referred the budget to the committee on Appropriation to report back in four weeks. The senate has passed for second reading the 2024 Appropriation Bill of ₦49.7 trillion which was presented before the joint session of the Senate and House of Representatives by President Bola Tinubu on Wednesday, December 18, 2024. The 2025 budget presented by Tinubu is themed “Securing Peace,...

Senate

FOR THE RECORD: What Tinubu said at 2025 budget presentation

Sharon EboesomiDecember 18, 202411 min

Below is the verbatim report of what President Bola Tinubu said during his presentation of the 2025 budget at the joint session of the national assembly on Wednesday PROTOCOLS: 1. In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the 11th National Assembly. 2. On...

Senate

Senate extends implementation of 2024 budget till June 2025

Sharon EboesomiDecember 18, 20242 min

Bamidele explained that the extension was essential to enable the federal government to complete ongoing projects outlined in the 2024 budget. The senate has approved an extension of the implementation of the capital aspect of the 2024 budget, now set to run until June 30, 2025. This decision followed a request from President Bola Tinubu on Wednesday, urging lawmakers to approve the extension to ensure that the government can fully utilise all components of the...

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