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President Bola Tinubu’s administration has issued a directive requiring all federal government-funded ministries, departments, and agencies (MDAs) to remit 100% of their revenues into a Sub-Recurrent Account, a part of the Consolidated Revenue Fund (CRF). This move, revealed in a circular by the Finance Ministry on December 28 and made public on Tuesday, marks a…

Enugu State Governor, Peter Mbah, has announced that 82% of the funds for the state’s 2024 budget, amounting to ₦521.6 billion, will be sourced from internally generated revenue (IGR). Speaking at a Mass held at the Government House Chapel in Enugu, Mbah revealed that only about 12% of the budget would be funded through borrowing….

In a special New Year message issued by the Labour Party and signed by its National Publicity Secretary, Obiora Ifoh, the party has urged the Federal Government to reconsider the allocation of funds in the 2024 budget. According to the party, there is a need to redirect resources towards the welfare and security of Nigerians,…

President Bola Tinubu has officially signed the N28.78 trillion 2024 appropriation bill into law at the State House in Abuja on Monday. The signing ceremony was attended by several key figures, including Senate President Goodswill Akpabio, Speaker of the House Representatives Abbas Tajudden, Minister of Finance and Coordinating Minister of the Economy Wale Edun, and…