Home Politics BREAKING: National Assembly extends lifespan of 2024 budget
Politics

BREAKING: National Assembly extends lifespan of 2024 budget

Share
Nigerian Newspapers: Breaking News in Nigeria Today | Daily Report Nigeria
Share

The President of the Senate, Senator Godswill Akpabio, has announced the extension of the 2024 budget’s lifespan to June 25, 2025.

The disclosure came during his opening remarks at the National Assembly’s joint sitting on Wednesday, where President Bola Ahmed Tinubu presented the 2025 Appropriation Bill.

Highlighting the performance of the 2024 budget, Senator Akpabio revealed that capital expenditure achieved a 50% implementation rate, while recurrent expenditure stood at 48%.

READ ALSO: South Korea’s National Assembly Votes Impeaches President Yoon Suk-yeol

These figures underscore the government’s ongoing efforts to balance fiscal responsibilities and developmental goals.

President Tinubu presented the proposed 2025 Appropriation Bill, valued at ₦47.9 trillion, for legislative consideration and passage.

More details to follow…

 

 

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Supreme Court Picks Date For Final Judgment on LG Autonomy Case
Politics

FG Raises Alarm as 749 LGAs Fail to Provide Account Details for Autonomy

FG has identified major setbacks to implementing the Supreme Court’s judgment on...

Obasa takes his seat as the re-elected Speaker
NewsPolitics

Power Pass Power? Obasa re-elected as Speaker, Mojisola reisgns

Impeached speaker Obasa returns as Speaker of Lagos State House of Assembly....

BREAKING: Meranda Steps Down as Lagos Assembly Speaker Amidst Power Shift | Daily Report Nigeria
Politics

BREAKING: Meranda Steps Down as Lagos Assembly Speaker Amidst Power Shift

Mojisola Meranda has resigned as Speaker of the Lagos State House of...

Governor Fubara Sacks 23 LG Chairman Over Impeachment Plot
Politics

Rivers Assembly Gives Fubara 48-Hour Ultimatum to Present 2025 Budget

The Rivers State House of Assembly has given Governor Siminalayi Fubara 48...