News
BREAKING: FG Okays N2.1 Trillion Supplementary Budget
The supplementary budget aims to address various pressing issues, with allocations including;
The Federal Government of Nigeria has approved a supplementary budget of N2.1 trillion.
VerseNews reports that the announcement was made by the Minister of Budget and Economic Planning, Atiku Bagudu, following a Federal Executive Council meeting presided over by President Bola Tinubu.
The supplementary budget aims to address various pressing issues, with allocations including;
- N605 billion for defense and security, N300 billion for bridge repairs and construction
- N200 billion as a seed fund for agriculture, N210 billion for wage awards from September to December 2023
- N400 billion for cash transfer payments
- N100 billion to support the Federal Capital Territory (FCT) capital projects
- N18 billion for the Independent National Electoral Commission (INEC) for elections in Bayelsa and Imo states
- N5.5 billion for student loans
- N800 billion for the establishment of a new ministry
Additionally, the domestic borrowing ceiling was increased, and the government is maintaining the January to December budget cycle.
Wage awards to labor for the next six months will remain unchanged, with any necessary adjustments to be included in the supplementary budget.
IPOB Slams Nigeria’s Terrorism List as ‘Absurd’ and Misleading
The Indigenous People of Biafra (IPOB) has rejected the Federal Government’s recently released terrorism sponsors list...
‘I Am IPOB’S Voice’ — Emma Powerful Blasts ‘Fake Coup’, Declares Authority Untouched
The Indigenous People of Biafra (IPOB) has dismissed reports suggesting a change in its spokesperson, as Comrade Emma Powerful...
[JUST IN]: IPOB Issues Fresh Directive To Members Worldwide, Sets 3 Key Conditions For Biafra Restoration
The Indigenous People of Biafra (IPOB) has issued a strong directive to its members across the globe, urging strict focus...
IPOB Alleges Global Conspiracy, Demands Immediate Release of Nnamdi Kanu
The Indigenous People of Biafra (IPOB) has issued a strong statement accusing the Nigerian government and international actors of complicity...
Ejimakor Tops Legal Team in Nnamdi Kanu Case with Multiple Court, International Victories — Report
A new legal briefing has identified Barrister Aloy Ejimakor as the leading counsel in Nnamdi Kanu’s defence, citing multiple court...
BREAKING: FG Declares Easter Public Holidays
The Federal Government has announced public holidays to mark Good Friday and Easter Monday celebrations nationwide.
IPOB Praises US Lawmakers, Calls for Referendum as Nigeria Faces ‘Impending Crisis’
The Indigenous People of Biafra says recent remarks by US figures have exposed growing concerns about Nigeria’s security situation.
Aproko Doctor Warns Against ‘Live Snail’ Skincare Trend, Cites Infection Risks (Video)
Health influencer Aproko Doctor has cautioned Nigerians against using live snails on their faces, warning of serious health risks including...
ICPC Fixes Date to Arraign El-Rufai Over Alleged Corruption, Money Laundering
The ICPC has announced plans to arraign former Kaduna Governor Nasir El-Rufai in court over multiple corruption-related charges following weeks...
Apply Now: FG Opens Fully Funded Overseas Scholarship for Nigerians (2026/2027)
The Federal Government, through the NDDC, has launched applications for its fully funded foreign postgraduate scholarship, targeting young Nigerians from...
You must be logged in to post a comment Login