Governor Douye Diri has presented a proposed ₦1.24 trillion budget for the 2027 fiscal year to the Bayelsa State House of Assembly, urging lawmakers to ensure prompt passage before January 2027.
Tag: Economy
The Nigeria Labour Congress (NLC) has lambasted the Trade Union Congress (TUC) for opposing the newly brokered ₦70,000 federal transport allowance, with NLC President Joe Ajaero declaring that it is improper to reject an agreement they did not negotiate.
Former Vice President Atiku Abubakar has criticized the Federal Government’s ₦70,000 monthly transport allowance, stating it buys only 50 litres of petrol and fails to solve Nigeria’s cost-of-living crisis.
President Bola Tinubu asks the Senate to approve $20.51bn and €1.045bn in new external borrowing to bridge funding gaps and finance critical infrastructure, security, and healthcare projects across Nigeria.
BUA Group Chairman Abdul Samad Rabiu has commended ongoing foreign exchange reforms, stating that market unification has eliminated the need for corporate lobbying at the Central Bank of Nigeria and restored fair access to foreign currency.
The National Economic Council endorses a 90-day action plan focusing on food affordability, tax harmonization, and project completion to reduce economic hardship.
The International Monetary Fund (IMF) has strongly cautioned the Federal Government of Nigeria against reintroducing broad-based petrol subsidies, describing blanket price controls as regressive, expensive, and detrimental to fiscal stability. Instead, the global lender recommended expanding direct social safety nets Read more…
