…the government is drawing is between a structured state-backed subsidy, which involves government spending to bridge the gap between market prices and pump prices, and a limited, time-bound commercial discount offered by NNPC Limited as a business entity.Why the clarification mattersThe government's push to correct the…

…climate-related shocks and disruptions to oil production. It also singled out rising government spending ahead of the 2027 general elections as a major domestic risk. The report stated: “Nevertheless, the outlook remains subject to significant downside risks, including tighter global financial conditions, a prolonged c…

…including the civil service and local government system, and improve transparency in government spending. “Our RESET will restore dignity to our institutions. We will run a transparent government where every kobo spent will be published. No more hidden budgets. No more inflated contracts. Deltans will know what enters…

…the subsidy era, Nigerians still experienced persistent fuel scarcity despite huge government spending on subsidy payments. The student leader also noted that petrol prices had begun to decline before the outbreak of the Iran-United States conflict, adding that the conflict had contributed to the recent increase in fue…

…The infrastructure expenditure formed part of the broader N30.64tn increase in Federal Government spending during the 30-month period under review. Apart from strategic infrastructure, the largest component of the additional expenditure was wage adjustments, which gulped N9.39tn. The impact of foreign exchange movement…

…Musa, said. A trader, Aisha Adamu, said residents were more concerned about whether government spending was improving household welfare than announcements of projects. In Jigawa, residents in Dutse and Hadejia also said the benefits remained limited. “We hear billions are coming, but salaries are still delayed and our…

…based on an identified security need rather than purchased simply to demonstrate government spending. “Technology is good, but it is a policing plan that will reveal what you need—that this is what you intend to do, and you are now funding what you need,” he said. He said a comprehensive policing plan would enable gove…

…economic challenges confronting Nigerians. The discussion comes amid public debate over government spending and the lifestyles of political leaders, particularly as Nigerians continue to contend with rising living costs and economic pressures. Responding to questions about the President’s movements and reported use of…

…to manoeuvre amid high public debt and strict financial rules requiring him to balance government spending against tax revenue. Starmer led Labour to a landslide election victory in July 2024 after 14 years of Conservative rule, but his premiership became characterised by a string of scandals, missteps and policy U-tur…

…been accompanied by criticism over persistent corruption and allegations of unbudgeted government spending, raising questions about ‘ whether the sacrifices demanded of citizens are being matched by fiscal discipline. Oyedele said inflation was easing, the foreign exchange market was functioning more efficiently and in…

…Mark, the opposition party said while it was not opposed to infrastructure development, government spending should focus on projects capable of creating employment, stimulating local businesses and improving residents’ living standards. The PDP accused the Diri-led All Progressives Congress administration of responding…

…described SAP as simply “austerity”. He said the policy’s emphasis on “cutting down on government spending, rolling back the state, prioritising businesses instead of humans” had left ordinary Nigerians exposed, recalling that after the 2023 fuel subsidy removal, “some families were saying that they can no longer even…

…programmes. The Fund also advised commodity-exporting countries to avoid excessive government spending during periods of high commodity prices.According to the report, "Economies benefiting from commodity windfalls and the upturn in the global technology cycle should avoid procyclical spending and save or redeploy gain…

…in the International Monetary Fund’s (IMF) Article IV Consultation regarding unrecorded government spending. CHRICED said the controversy underscores the need to strengthen transparency and accountability in public financial management. The group also urged civil society organisations, the media, professional bodies an…

…with the Constitution and laws enacted by the National Assembly. He said Federal Government spending was undertaken through duly enacted Appropriation Acts, Supplementary Appropriation Acts and other statutory authorities approved by the National Assembly. The minister added that multi-year capital projects implemented…