2023 Budget

November 10, (THEWILL) - The Federal Government has asked the Central Bank of Nigeria (CBN) for a loan of around N1.7 trillion to help it fund the 2023 supplementary budget, two sources familiar with the development told THEWILL on...

Governor Bassey Otu of Cross River State has signed the revised 2023 appropriation bill into law. The revised appropriation bill has a total sum of N250, 781,015,661. This indicates about N49 billion reduction from the initial budget of N330billion which...

March 28, (THEWILL) - The Senate, on Tuesday, passed two bills seeking to extend the implementation of the capital components of the 2022 budget till June 30, 2023. The 2022 appropriation act (amendment) bill and the 2022 supplementary appropriation act...

March 28, (THEWILL) - The House of Representatives has extended the life of the capital component of the 2022 budget and the supplementary budget to June. The N5.47 trillion capital budget and the N819 billion were due to expire on...

January 03, (THEWILL) - President Muhammadu Buhari has signed the 2023 Appropriations Bill of N21,827,188,747,391 trillion into law. The signing took place Tuesday, at the Council Chambers, Presidential Villa, Abuja. Present at Council Chamber to witness the ceremony are the Secretary...

December 29, (THEWILL) - The National Assembly has passed a total N21,827,188,747,391 as budget for the 2023 fiscal year. This marks an increase of N1,319,246,566,677 from the N20.51 trillion budget proposal of President Muhammadu Buhari presented to a joint session...

December 28, (THEWILL) - The House of Representatives on Wednesday, passed a total of N21,827,188,747,391 as the budget for the 2023 fiscal year. This marks an increase of N1,319,246,566,677 from the proposal sent to the House by President Muhammadu Buhari. The...

October 19, (THEWILL) - The Federal Government has allocated N3.36 trillion for fuel subsidy in 2023 as Nigeria’s debt profile hits $102 billion. Minister of Finance, Zainab Ahmed, who made this known on Wednesday, in Abuja, said the 2023 appropriation...

October 12, (THEWILL) – The two chambers of the National Assembly have passed for second reading of the N20.5 trillion Appropriation Bill for 2023. The bill scaled the second reading on Wednesday after members debated the general principle of the...

The 2023 budget estimate of N20.51 trillion presented to a joint session of the National Assembly by President Muhammadu Buhari on Friday, October 7, 2022 showcased a spending plan that would be confronted with revenue challenges. It also puts...