#statebudgets

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2025 Poverty Alleviation Budget: FG and States Propose N74 Trillion Plan

In an ambitious move to alleviate poverty and enhance living standards, the Federal Government and 35 states in Nigeria have unveiled a proposed budget of N74.249 trillion for 2025. This significant sum reflects a commitment to tackling economic challenges and driving development. However, Rivers State, grappling with political instability, and the Federal Capital Territory (FCT), Abuja, are yet…

2025 Poverty Alleviation Budget: FG and States Propose N74 Trillion Plan

[ebonytoussaint]

The American  Academy of Arts & Sciences has issued a new report, “Public Research Universities: Changes in State  Funding.” The report found that higher education, the third largest priority  in state general fund budgets (after elementary and secondary education and  Medicaid), has faced spending cuts for more than a decade. The report  documents that higher education is the “balance wheel” of state budgets -  “state appropriations for higher education tend to rise disproportionately when  the economy is strong, and fall disproportionately when the economy is weak.”  The report found that “Despite modest increases in 2013 and 2014, state  support for public higher education per full-time equivalent student remains  30 percent below spending in 2000, after adjusting for inflation...”