Tag: Appropriation Bill

Tinubu assents to 2026 ₦68.32tr Appropriation Bill

Aminu Imam
Tinubu assents to 2026 Budget

…Extends 2025 Budget President Bola Tinubu has signed the 2026 Appropriation Bill into law, approving a total budget of ₦68.32 trillion. The President also assented to a separate Bill extending the implementation period of the 2025 budget from March 31, 2026, to June 30, 2026. According to a statement issued yesterday by his Senior Special Assistant on Information and Strategy, Bayo Onanuga, the 2026 Budget provides ₦4.799 trillion for statutory transfers and ₦15.8 trillion for debt servicing, while recurrent expenditure is projected at ₦15.4 trillion. A total of ₦32.2 trillion…

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Rivers: Tinubu submits ₦1.48tr Appropriation Bill to NASS, amid Assembly suspension

Aminu Imam
Tinubu submits Rivers budget

President Bola Tinubu, yesterday, formally submitted the 2025 Appropriation Bill for Rivers State to the National Assembly, following the recent suspension of the state’s House of Assembly. The proposed budget, totaling ₦1.481 trillion, was communicated to the Senate through a letter addressed to Senate President Godswill Akpabio, in which President Tinubu called for swift legislative action on the fiscal plan. The submission comes amid political turbulence in the state and underscores the federal government’s intervention to keep governance running smoothly. The 2025 fiscal proposal prioritizes strategic sectors with the aim…

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Tinubu requests Senate to increase 2024 Budget by N6.2tr

Aminu Imam
Tinubu presents Budget

Amends 2023 Finance Act President Bola Tinubu has asked the 10th Senate to increase the 2024 Budget by N6.2trillion. The President wants the Upper Legislative Chamber to amend the 2024 Appropriation Act to provide for N3.2 trillion for infrastructure projects and N3trillion for recurrent expenditure. Tinubus request was contained in a letter read by the Senate President, Godswill Akpabio, on the floor of the chambers yesterday. The President stated that his request is pursuant to section 58 (2) of the Constitution of the Federal Republic of Nigeria (as amended), and…

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2022 Budget: Buhari to sign Appropriation Bill into law on Friday

Ishaku Yohanna

Barring any unforeseen circumstances, President Muhammadu Buhari is expected to sign the 2022 Appropriation Bill into law on Friday, 31st December. The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, confirmed this to Channels Television on Tuesday in Abuja. According to him, the 2022 budget has been transmitted by the National Assembly and the President will sign the bill into law by 10am. This comes barely a week after lawmakers in the House of Representatives and Senate chambers of the National Assembly passed a budget of N17.126 trillion,…

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