By Jemimah Wellington, JKNewsMedia Reporter NIGERIA’s FEDERAL Executive Council (FEC) has approved a landmark N47.96 trillion 2025 budget, marking a 36.8% increase from the N27.9 trillion 2024 estimate. The approval was announced on Monday by the Minister of Budget and Economic Planning, Atiku Bagudu, after the year’s final cabinet meeting pre...
By Jemimah Wellington, JKNewsMedia Reporter THE FEDERAL Executive Council (FEC) has approved the renaming of the University of Abuja to Yakubu Gowon University in honour of the former Nigerian military head of state. Minister of Information and National Orientation, Mohammed Idris, disclosed this after the council’s final 2024 meeting held at ...
By Joke Kujenya THE NIGERIAN government has put forward a proposed budget of ₦47.9 trillion for 2025, marking a key step in its economic strategy under the newly approved Medium-Term Expenditure Framework (MTEF) for 2025-2027. Minister of Budget and Economic Planning, Atiku Bagudu, announced the proposal after the Federal Executive Council (FE...
By Jemimah Wellington, JKNewsMedia Reporter MARKING A notable improvement from the previous 68% reported on Independence Day, Nigeria’s debt servicing to revenue ratio has reduced to 65%. President Bola Tinubu revealed this during the swearing-in ceremony of seven new ministers at the State House in Abuja. The President highlighted the c...
