Search

Tinubu Submits ₦1.48 Trillion Rivers Budget to National Assembly Amid Political Stalemate

Breaking News
© Allen Dreyfus
  • Move bypasses suspended state legislature, raising constitutional questions
  • Analysts warn of investor risk in key oil-producing state

Lagos, Nigeria – President Bola Tinubu has submitted a ₦1.48 trillion appropriation bill for Rivers State to the National Assembly, bypassing the state legislature amid an ongoing political crisis. The bill, which covers the 2024 fiscal year, marks a rare instance of federal intervention in a subnational budget and follows months of tension between Governor Siminalayi Fubara and factions loyal to former governor Nyesom Wike.

Recent Business

Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
Senegal tax revenue surge raises concerns over pressure on formal economy
Read More »
Fishing market in Dakar, Senegal. Photo by Marie Vicat @ Pixabay
West Africa central bank cuts rates again as deflation opens rare policy window
Read More »
Houmt Souk, Tunisia. Photo by Ondrej Bocek @ Unsplash
Tunisia inflation hits 5% as food prices surge
Read More »

Recent Politics

Edwin Sifuna, Kenya's ODM secretary-general. Photo: Edwin W Sifuna/Facebook
Is Edwin Sifuna Kenya’s new Raila Odinga?
Read More »
A cheerful Kenyan citizen at a public celebration. Photo: @ William Ruto/Facebook
Why is Kenya on full campaign mode one year to 2027 elections?
Read More »
Port Harcourt, Nigeria. Photo by Emmanuel Ikwuegbu @ Unsplash
Why are Nigerians protesting electoral reforms ahead of 2027 polls?
Read More »

Latest Posts

Latest news insights