President Bola Tinubu has created a high-level committee to address the contractor debt crisis after learning that the federal government owes about N4 trillion to nearly 2,000 contractors. Moreover, the President expressed strong displeasure over the scale of the backlog and demanded an urgent, coordinated solution. Tinubu Unhappy With Rising Contractor Debt Bayo Onanuga, Special…
Governor Babajide Sanwo-Olu has presented a N4.237 trillion Lagos budget for the 2026 fiscal year. He delivered the proposal on Tuesday before the Lagos State House of Assembly. The session drew top government officials, traditional leaders, and civil society representatives. Sanwo-Olu began his address at about 1:25 p.m. He explained that the budget, tagged “Budget…
The Federal Government has appointed Dr. John Nwabueze as the Tax Ombudsman, in accordance with the Joint Revenue Board of Nigeria (Establishment) Act, 2025. This appointment aligns with President Bola Tinubu’s commitment to implementing sustainable reforms in Nigeria’s tax and revenue administration system. Nwabueze’s Experience and Background Before his appointment, Dr. Nwabueze served as Managing…
President Bola Tinubu has asked the National Assembly to approve a new ₦1.15 trillion loan to support the 2025 budget. His letter to lawmakers, read by Senate President Godswill Akpabio during Tuesday’s plenary, outlined the purpose of the request. Tinubu said the domestic loan would cover part of the budget deficit and ensure the full…
The African Democratic Congress (ADC) has urged President Bola Tinubu to cancel the 15% fuel import duty, saying it will worsen the cost of living for Nigerians.In a Friday statement, the party said the new policy will push fuel prices higher and increase the hardship citizens already face.Read more on Nigeria’s energy policies via BBC…
