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Business & Economy
Gov. Ugwuanyi signs 2023 budget into law
Governor Ifeanyi Ugwuanyi of Enugu State has the 2023 appropriation bill of one hundred and sixty-six billion, six hundred and two million, four hundred and sixteen thousand, seven hundred and seventy naira (N166,602,4I6,770.00) passed by…
62% of FG revenue allocated to loans from CBN – World Bank
The World Bank has projected that interest payments on the Federal Government’s borrowing from the Central Bank of Nigeria will take up about 62 per cent of its revenue by 2027 despite the restructuring plan. The Washington-based bank…
Senator Ndume warns against old naira deadline, says poor, middle-income Nigerians will suffer
The Senator representing Borno South District, Ali Ndume, has warned against the economic implications of the January 31, 2023, ultimatum on the old N200, N500, and N1,000 by the Central Bank of Nigeria (CBN). The CBN had announced the…
Governor Emmanuel Signs N700bn 2023 Budget
Governor Udom Emmanuel of Akwa Ibom State has the state’s budget of N700 billion for the 2023 fiscal year into law. The Nigerian News reports that the signed budget is N2.999 billion higher than the N697.005 earlier presented by the…
Only constitutional amendment can stop govs from controlling LG funds – Bagudu
Governor Abubakar Atiku Bagudu of Kebbi State has declared that the governors would continue controlling local governments funds until Section 7 of the Nigeria constitution is expunged. The governor made this known on Thursday while…
Gov Sule signs N149. 3 billion 2023 budget into law
Governor Abdullahi Abdullahi Sule of Nasarawa State has signed an appropriation bill of N149.3 billion for the 2023 fiscal year into law. During the signing of the appropriation bill at the Government House in Lafia, the governor…
Gov Abiodun signs N472bn 2023 budget into law in Ogun
Governor Dapo Abiodun of Ogun State has signed the 2023 budget into law. While signing the N472bn budget earlier passed by the State House of Assembly, Governor Abiodun assured on Thursday that he would ensure full implementation of all…
FG spent $400m to transform Ajaokuta Steel– Buhari
President Muhammadu Buhari has revealed that the federal government spent about $400million to “transform” the Ajaokuta Steel Complex in Kogi State. The president made this known in Okene during a one-day state visit to Kogi, noting that…
Obaseki blames Buhari, others for poverty, unemployment in Nigeria
Edo State Governor, Godwin Obaseki, has attributed the worsening poverty in Nigeria to bad policies and decisions the country's leaders have continued to make. He stated this in Benin City, the Edo state capital. The Governor advised…
Sokoto APC slams Gov Tambuwal over loan request
The All Progressives Congress in Sokoto State has condemned Governor Aminu Tambuwal’s administration for alleged impropriety in the state’s budgets and incessant loan requests. According to the State APC Chairman, Sadiq Achida, “the 2023…