Category : Search result: budget cuts


Nigeria's Debt, Salaries Exceed Revenue in 2025

Nigeria's Federal Government spent more on debt servicing and salaries than it earned in 2025's first seven months, with a N10.19tn revenue shortfall. Oil earnings slumped over 60%. Read the full analysis.

Tinubu Presents 2026 Budget to NASS on Friday

President Bola Tinubu will present the 2026 Appropriation Bill to a joint session of the National Assembly on Friday, December 19, 2025. Get the full details on the schedule and security arrangements for the key fiscal event.

Oborevwori Signs Delta's N1.729tr 2026 Budget

Delta State Governor Sheriff Oborevwori has signed the N1.729 trillion 2026 budget into law, a 70% increase from 2025. The budget focuses on capital projects and is tagged 'Budget of Accelerating the MORE Agenda'. Read more.

France Adopts Budget, Suspends Pension Reform

French parliament approves social security budget, suspending the unpopular pension age hike. Prime Minister Lecornu races to finalise the 2026 spending plan. Read the full details.

VW Stops Production at Historic German Factory

Volkswagen halts production at its Dresden 'Transparent Factory,' marking the first German plant closure in its 88-year history. The site will pivot to AI and chip research. Read more.

Kano Govt Slams Ganduje's Budget Performance

Kano State government defends its 2025 budget, claiming it outperformed Ganduje's administration. Commissioner Shanono presents comparative figures on education and tech spending. Read the full details.

Zamfara's N861bn 2026 Budget Targets Growth

Governor Dauda Lawal presents a N861 billion budget for Zamfara's 2026 fiscal year, with 83% allocated to capital expenditure for transformation. Read the full breakdown.

Gates: Aid Cuts Cause Rise in Child Mortality

Bill Gates warns that cuts in international aid by Western nations are causing a tragic increase in child deaths worldwide. Read the full report and its implications for global health.

Zamfara's N861.3bn 2026 budget presented to Assembly

Governor Dauda Lawal presents a N861.3 billion budget for 2026 to the Zamfara State House of Assembly, with 83% allocated to capital projects in security, agriculture, and infrastructure. Read the full breakdown.

FG Sets 2026 Budget Exchange Rate at N1,512/$1

The Federal Government has announced a N1,512 to $1 exchange rate for the 2026 budget. Discover the key projections for oil, revenue, and spending in the new fiscal framework.

Lagos 2026 Budget Scales Second Reading in Assembly

Lagos State's 2026 Appropriation Bill, tagged 'Budget of Shared Prosperity', passes second reading. Lawmakers debate priorities from security to education as bill heads for committee review. Read the details.

Kaduna's N985.9bn 2026 Budget Presented by Gov. Sani

Kaduna Governor Uba Sani presents a N985.9 billion 2026 budget focused on infrastructure, education, and grassroots development. The budget allocates N100m per ward for community projects. Read more.

Rivers 2026 Budget: Education Gets Top Priority

Governor Siminalayi Fubara vows to tackle the state's poor school infrastructure, allocating the biggest portion of the 2026 budget to education. Read his full plan for reform.

Kaduna Governor Presents N985.9bn 2026 Budget

Kaduna State Governor Uba Sani presents a N985.9 billion 2026 budget, focusing on infrastructure, education, and grassroots development. Read details of the plan and its allocations.

UNICEF warns 1.8m child AIDS deaths by 2040

UNICEF projects 1.8 million child deaths from AIDS by 2040 due to funding cuts. 150,000 teens got HIV in 2024. Urgent action needed to scale up HIV services for children and mothers in Nigeria and beyond.

Odoh Assumes Duty as FMBEP Permanent Secretary

Dr. Deborah Bako Odoh is the new Permanent Secretary for the Federal Ministry of Budget and Economic Planning. She pledges professionalism and transparency in national development.

AfDB approves $500m loan for Nigeria's budget

African Development Bank approves $500 million budget support for Nigeria to boost non-oil revenues and energy sector reforms. Learn how this impacts Nigeria's economic growth.

Bauchi Governor Presents N878bn 2026 Budget

Governor Bala Mohammed presents a N878 billion 2026 budget to the Bauchi State Assembly, focusing on economic and social sectors. The budget sees a 41% increase from 2025.

ESA Secures Record €22.1 Billion Space Budget

The European Space Agency secures a historic €22.1 billion budget to boost space independence, fund new rockets, and launch missions to Mars and Saturn's moon. Discover Europe's ambitious space plans.

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