By Jemimah Wellington, JKNewsMedia Correspondent APPROVAL FOR a $516,333,007 foreign loan has been requested from the National Assembly by President Bola Tinubu to support sections of the Sokoto Badagry superhighway project. JKNewsMedia.com reports that the request was conveyed in a letter addressed to Senate President Godswill Akpabio and r...
By Ajibola Olaide, JKNewsMedia Correspondent IMPLEMENTATION OF the capital component of the 2025 budget has been extended by the national assembly from March 31 to June 30 following the passage of an amendment bill. JKNewsMedia.com reports that the approval came after consideration and passage of a bill seeking to amend the 2025 appropriation...
By Jemimah Wellington, JKNewsMedia Correspondent FUNDING PROPOSAL of N873.78 billion has been submitted for the conduct of Nigeria’s 2027 general elections by the Independent National Electoral Commission (INEC). JKNewsMedia.com reports that Professor Joash Amupitan, Chairman of the commission, presented the estimate before the National Assemb...
By Ajibola Olaide, JKNewsMedia Reporter SEVERE FUNDING constraints limited the Federal Ministry of Health and Social Welfare to N36m out of the N218bn appropriated for its 2025 capital expenditure, significantly hindering the execution of critical health projects, the Coordinating Minister of Health and Social Welfare Prof Muhammad Ali Pate, ...
By Jemimah Wellington, JKNewsMedia Correspondent NIGERIA’s EXTERNAL reserves rose to about $49bn as of February 5, 2026, Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso told members of the National Economic Council Conference (NECC) in Abuja, describing the figure as a signal of improved confidence in the country’s economy. JKNe...
By Jemimah Wellington, JKNewsMedia Correspondent PUBLIC DEBATE over the repeal and re-enactment of the 2024 and 2025 Appropriation Acts has drawn a response from the Director General of the Budget Office of the Federation, Tanimu Yakubu, who says recent commentary has raised claims of constitutional breach, fiscal illegality and restricted ac...
By Joke Kujenya PLANS TO begin implementation of Nigeria’s new tax laws on January 1, 2026, will proceed as scheduled despite mounting opposition and public debate, the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms (PCFPTR), Taiwo Oyedele, has said. Oyedele spoke on Friday in Lagos while briefing journalists after a ...
By Jemimah Wellington, JKNewsMedia Correspondent BUDGET IMPLEMENTATION timelines are set to shift to March 31, 2026, under a formal request transmitted by President Bola Tinubu to the House of Representatives seeking legislative approval to extend the lifespan of the 2025 Appropriation Act and curb overlapping fiscal cycles. The request was co...
By Jemimah Wellington, JKNewsMedia Correspondent QUESTIONS OVER the integrity of Nigeria’s tax reform legislation surfaced on the floor of the House of Representatives after a lawmaker alleged that the version of the law released to the public differs from what lawmakers approved during plenary. The issue emerged during Wednesday’s sitting wh...
By Jemimah Wellington, JKNewsMedia Correspondent MAJOR CHANGES within the nation’s security leadership followed the nomination of General Christopher Gwabin Musa as Minister of Defence after the resignation of Alhaji Mohammed Badaru Abubakar. This development surfaced through a formal communication to the Senate, where the Presidency set out ...
