Senate President Godswill Akpabio (L) with Speaker of the House of Representatives, Tajudeen Abbas (R) during the presentation of the 2025 Budget proposal by President Bola Tinubu on Wednesday, December 18, 2024 in Abuja The National Assembly on Thursday passed the ₦54.99trn 2025 Appropriation Bill. The bill was passed separately by the Senate and the House of Representatives. A breakdown of the budget showed N3.645trn for statutory transfers, N14.317trn for debt servicing, N13.64trn for recurrent expenditure and N23.963trn capital expenditure (development fund), with fiscal deficit put at N13.08trn. The Deficit-to-Gross domestic product (GDP) Ratio was put at 1.52%. Last Week, President Bola Tinubu increased the 2025 fiscal year budget from an initial N49.7trn to N54.2trn, seeking approval from the Senate and the House of Representatives. The Chairman of the House
Tag Archives: NationalAssembly
Feb
The Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, on Wednesday disclosed that plans are ongoing for the proposed 12 Regional and National Public Hearings on the amendment of the 1999 Constitution across the six geo-political zones of the Federation. The Deputy Speaker and Chairman of the Constitution Review Committee, Hon. Benjamin Kalu, made this known in Abuja on Wednesday while receiving a delegation from the Albright Stonebridge Group, who paid him a courtesy visit in his office. According to him, the forthcoming exhibition on gender inclusion, tagged “Art for Governance,” scheduled for next month, was organized by the Special Ad-hoc Committee on the Review of the 1999 Constitution in partnership with the Advocacy for Civic Engagement Centre (ElectHER) and the National Assembly Library. Addressing the delegation, Hon.