Governance

Nigeria’s recently proposed 2024 budget of N27.5 trillion has evoked mixed reactions, with both optimism and pessimism regarding its potential impact on ordinary citizens, particularly the allocated N1.33 trillion for infrastructure. Despite the country’s substantial infrastructure deficit, the 5% allocation for infrastructure has raised concerns about its adequacy. The security and defense sector received the…

The Nigerian federal government aims to generate N298.4 billion in revenue from the sale of specific government assets in 2024, according to details in the 2024 appropriation bill. The move is seen as a strategy to finance public debts and alleviate the fiscal burden on the government. The budget breakdown, presented by Chairman of the…

The National Assembly has issued a stern warning, threatening to impose sanctions on Ministers and Heads of Ministries, Departments, and Agencies (MDAs) who fail to actively defend their budgetary allocations. Senate President Godswill Akpabio made the announcement on Tuesday during the stakeholders’ retreat on the 2024 Appropriation Bill in Abuja. Akpabio emphasized that both the…