President Tinubu Submits 2025 Budget Proposal to National …
Nov 19, 2024 · President Bola Tinubu has submitted the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper to the National Assembly for approval.The proposal includes a budget of N47.9 trillion for the 2025 fiscal year, representing a 35% increase from the 2024 total budget of N35.5 trillion.The proposed budget …
BREAKING: FEC Approves N48trn Budget for 2025
Nov 14, 2024 · The Federal Executive Council (FEC) has approved a proposed budget of N47.9 trillion for 2025, as disclosed by Atiku Bagudu, Minister of Budget and Economic Planning on Thursday.This budget is part of the Medium Term Expenditures Framework (MTEF) for 2025 to 2027, which aligns with the Fiscal Responsibility Act of 2007.The FEC also approved the …
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Fubara Breaks Silence on Claims of Raising Rivers’ Debt from …
Dec 4, 2024 · Rivers State Governor, Sim Fubara, has broken his silence on claims that his administration has increased the state’s external debt from $80 million in 2023 to $203 million in June 2024. Fubara has denied borrowing any funds for projects, challenging critics, including the Debt Management Office (DMO), to provide evidence of such loans.Speaking during the …
Tax Reform is Critical, There’s Nothing Wrong With Pursuing It, …
Dec 3, 2024 · The 2023 presidential candidate for the Labour Party, Peter Obi has described the controversial Tax Reform Bills proposed to the National Assembly by President Bola Tinubu as a critical issue. Obi in a post on X said there is also nothing wrong with pursing the tax reform. He, however stated that such reform must be …
BREAKING: Reps Session Turn Rowdy Over Tinubu’s Tax Reform Bills
Dec 3, 2024 · The session of the House of Representatives was thrown into a heated debate on Tuesday following the introduction of the tax reform bills forwarded by President Bola Tinubu.The plenary turned rowdy after Akin Rotimi, spokesperson for the House, mentioned the bills. The controversy surrounding the bills has been ongoing, with some governors opposing the proposed …
South Africa Unveils 5-Yr Visa Policy For Nigerians, Reveals Details …
Dec 4, 2024 · Cyril Ramaphosa, the president of South Africa on Tuesday announced a new five-year visa policy for Nigerian tourists. The president made the announcement at the opening of the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) in Cape Town, South Africa. According to Ramaphosa, tourists and businessmen from Nigeria can how apply don visas …
BREAKING: Senate Passes Tinubu’s Tax Reform Bills
Nov 28, 2024 · The Nigerian Senate has passed the Tax Reform Bills proposed by President Bola Tinubu.The bills, which were presented by Senate Leader Opeyemi Bamidele, were passed after a closed-door session that lasted over an hour.The Tax Reform Bills are aimed at overhauling Nigeria’s tax system to drive revenue generation, simplify …
Reps Suspend Debate Indefinitely as Northern Governors Mount …
Dec 2, 2024 · The House of Representatives has suspended indefinitely the debate on the Tax Reforms Bills earlier scheduled for Tuesday. POLITICS NIGERIA reports that the development follows mounting pressure from the 19 northern states governors for the bills to be discarded.The planned debate was called off in a memo signed by the Clerk of the House of …
Deputy Senate President, Barau, Reveals Reason Behind Governors ...
Dec 2, 2024 · The Deputy Senate President, Senator Jubrin Barau, has revealed that some governors are opposing President Bola Tinubu’s Tax Reform Bills because they fear it may reduce their Internally Generated Revenue (IGR). Barau said the bills aim to stop taxing the poor and instead tax the rich.It can be recalled that President Tinubu had sent the …