Lagos Assembly Passes N2.267tn 2024 Budget

Hamilton Nwosa
Writer

Ad

Alibaba shares soar 19% on cloud growth, AI chip development

By Obinna Uballa Alibaba’s Hong Kong-listed shares surged more than 19% on Monday, their highest level since March, following strong quarterly results driven by its cloud computing business and reports of a new AI chip in development, reports said. The rally builds on Friday’s momentum when Alibaba’s U.S.-listed stock jumped nearly 13% after the company…

Wike, others mourn pioneer FCT HoS, Grace Adayilo

By Obinna Uballa The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed deep sorrow over the death of Mrs. Grace Adayilo, the pioneer Head of the Civil Service of the FCT and the first woman to perform that role. Some Nigerians have also expressed sadness over her passing on social media. Adayilo…

Why Our Foreign Missions are Facing Financial Crisis, By FG

Says Pragmatic Steps ongoing to address Challenges. By Obinna Uballa The Ministry of Foreign Affiars of Nigeria has that Nigerian embassies and consular offices across the globe are facing severe financial distress, with unpaid staff salaries, mounting debts, and disrupted diplomatic operations exposing deep cracks in the system. In a statement on Monday by Ministry…

Ad

The Lagos State House of Assembly has passed the N2.2tn 2024 Appropriation Bill presented to it by Governor Babajide Sanwo-Olu.

The budget was passed on Friday at a plenary presided over by the Speaker, Mudashiru Obasa, according to a statement by the Speaker’s Chief Press Secretary, Eromosele Ebhomele.

“A bill for a law to authorise the issuance and appropriation of N952,430,566,998 from the Consolidated Revenue Fund for Recurrent Expenditure and N1,315,545,553,871 from Development Fund for Capital Expenditure thereby totalling a budget size of N2,267,976,120,869 for the year ending 31st December 2024 be passed into law,” the Speaker said on the floor of the House as the budget report was read a third time.

Ad

X whatsapp