Latest news

10 ministries get over N1tn each in 2025 budget


No fewer than 10 federal ministries and agencies under their purview got over N1tn each as appropriation in the 2025 budget, The PUNCH analysis has shown.

A breakdown of the proposed allocation, contained in the 2025 Appropriation Bill presented to the National Assembly, showed that the ministries include Police Affairs, Interior, Defence, Finance, Power, Works, and Budget and Economic planning.

Others are the ministries of Niger Delta, Education, and Health.

The proposed budget showed that the finance ministry got the highest allocation of N17.52tn. Majority of this is for salary payment. The amount is an increase of 87.78 per cent or N8.19tn from the N9.33tn allocated in 2023.

This was followed by the Ministry of Budget and Economic Planning, which got an increase of N2.33tn or 52.35 per cent to N6.78tn in the 2025 budget.

Third on the list is the Ministry of Defence with an appropriation of N2.92tn, indicating an increase of N1.34tn or 84.81 per cent. The Ministry of Interior got an allocation of N1.13tn from N461bn in 2024.

While the power ministry got a 510.46 per cent increase to N2.1tn from the N344bn in 2024, the works ministry also got a proposal of N1.14tn from N657.23bn.

Similarly, the Niger Delta ministry got an appropriation of N2.23tn, Education got N2.52tn and health got N1.91tn.

The Senate and the House of Representatives, at their separate plenaries last Thursday,  passed for second reading the N49.7tn ‘Restoration’ 2025 budget presented on Wednesday by President Bola Tinubu.

The budget was passed after various deliberations on the bill’s general principles by senators and House of Reps members who applauded the President for his good intentions for the country.

In the Senate, the budget was passed and referred to the Committee on Appropriations after being put to a voice vote by the Senate President, Godswill Akpabio, who presided over the session.

The budget has a revenue projection of N34.82tn to fund the aggregate expenditure of N47.9tn and a deficit of N13.0tn.

Tags :

Related Posts

Must Read

Popular Posts

The Battle for Africa

Rivals old and new are bracing themselves for another standoff on the African continent. By Vadim Samodurov The attack by Tuareg militants and al-Qaeda-affiliated JNIM group (Jama’a Nusrat ul-Islam wa al-Muslimin) against Mali’s military and Russia’s forces deployed in the country that happened on July 27, 2024 once again turned the spotlight on the activities...

I apologise for saying no heaven without tithe – Adeboye

The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

Angry protesters on Friday stormed the office of the Rivers State Independent Electoral Commission, singing and chanting ‘Election must hold’. They defied the heavy rainfall spreading canopies, while singing and drumming, with one side of the road blocked. The protest came after the Rivers State governor stormed the RSIEC in the early hours of Friday...

Man who asked Tinubu to resign admitted in psychiatric hospital

The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...