Budget Archives - OHAFIATV

Jun

20

2025

Rivers State Administrator Presents ₦1.48 Trillion Budget at Senate Hearing

Business, Metro, News, PoliticsBudget, Rivers State

On Thursday, June 19, 2025, Vice Admiral Ibok-Ete Ibas (retd.), the Sole Administrator of Rivers State, arrived at the Senate to present the state’s ₦1.48 trillion budget before the Senate Ad-Hoc Committee on Emergency Rule in Rivers State. Ibas was accompanied by key officials, including members of the state’s economic team. The hearing follows the Senate’s reaffirmation of its commitment to safeguard the interests of Rivers State residents, weeks after President Bola Tinubu declared emergency rule in the state on March 18, 2025. The committee is tasked with ensuring that the emergency administration does not shortchange the people of Rivers…

Mar

13

2024

By Amos Oge Kalu

Budget padding: Abaribe Explains How Senators Share Funds for Zonal Intervention Project

Abia State, News, PoliticsBudget, Enyinnaya Abaribe, Nigeria, Politics, Senate

The differences in the distribution of the Zonal Intervention Project monies have been explained by Senator Enyinnaya Abaribe, the lawmaker for the Abia South Senatorial District. Remember that on Tuesday, Senator Agom Jarigbe of Cross River North claimed that ranking senators received N500 million in funding while he received none? Jarigbe made the claim on the Senate floor in response to a budget padding charge made by Senator Abdul Ningi, a legislator from Bauchi Central. Lawmakers that have served in the Red Chamber for at least four years are referred to be ranking senators. Speaking on Arise TV on Wednesday,…

Dec

21

2022

By Amos Oge Kalu

NASS to pass new revenue-sharing formula, budget Thursday

Business, Economy, Lifestyle, Metro, News, Opinion, PoliticsBudget, Economy, National Assembly, Representatives, Senate

The President, Major General Muhammadu Buhari (retd.), has transmitted the Finance Bill 2022 to the National Assembly as the federal parliament is billed to pass the 2022 Appropriation Bill by Thursday. Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Tuesday, read out the cover letter of the President on the bill, which was titled ‘Transmission of the Finance Bill 2022 to the National Assembly for Consideration and Passage into Law in Support of the 2023 Budget.’ In the bill, the Federal Government proposed expanding the tax net and more equitable revenue-sharing formula and allocation to state…

Oct

16

2022

By Amos Oge Kalu

Buhari’s regime borrows N31tn, to leave N39.12tn debt for successor

Business, Economy, Opinion, PoliticsBudget, Business, Economy, Mohammadu Buhari, Nigeria, Politics

The National Assembly has approved or at least received budget estimates worth N93.453tn from the President, Major General Muhammadu Buhari (retd), in eight years. Out of the N93.453tn budgeted from 2016 to 2023, a total of N67.4tn has been committed to recurrent expenditure, including the payment of salaries and emoluments of civil servants and legislators. This amounts to 72.1 per cent of the entire budget devoted to recurrent expenditure in the life of the Buhari regime. The administration met a debt of N12.12tn on June 30, 2015, but it increased it to N42.84tn by June 30, 2022, according to statistics obtained…

Oct

10

2022

By Amos Oge Kalu

Lawan, Gbajabiamila meet finance minister over 2023 budget

Economy, PoliticsBudget, Economy, National Assembly, Next Level, Nigeria, Politics, Representatives, Senate

The leadership of the National Assembly, on Thursday, met with the two ministers in the Finance Ministry and top officials of the ministry preparatory to the presentation of the 2023 Budget proposals by the President, Major general Muhammadu Buhari (retd.). The National Assembly leadership was led by the President of the Senate, Ahmad Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, and Minister of State for Budget and National Planning, Prince Clement Agba, led their team of officials of the finance ministry to the meeting. The…