FEATURES

FEATURES

The federal executive council (FEC) has approved the N47.96 trillion 2025 budget.

Atiku Bagudu, minister of budget and economic planning, spoke to journalists after the council’s last meeting in 2024 about its decisions.

Bagudu said the 2025 budget represents a 36.8 percent increase from the N27.9 trillion 2024 estimate.

The minister said the 2025 framework is based on key economic projections, including an oil price benchmark of $75 per barrel, daily oil production of 2.06 million barrels per day (bpd), and an exchange rate of N1,400/$.

“Today, the federal executive council approved the budget proposals for 2025 with amendments which Mr president directed following a presentation to the federal executive council led by the director general of the budget office, Tanimu Yakubu,” the minister said.

“The 2025 framework is based on the oil price benchmark of $75 per barrel. Oil production of 2.06 million barrels per day. Exchange rate of one 1400 naira (to the dollar).

“All these are already included in the medium-term expenditure framework which we have presented here, which have also been approved by the national assembly. 

“So the total projected revenue for 2025 stands at N34.82 trillion out of which the expenditure is projected at N47.96 trillion which is an increase of 36.8% from the 2024 estimate.”

 

Bagudu said the deficit for 2025 is projected at N13.13 trillion representing 3.89 percent of the country’s gross domestic product (GDP).

On December 12, Senate President Godswill Akpabio announced that Tinubu would present the 2025 budget on Tuesday.

nformation obtained from the World Bank’s website, has indicated that the apex bank is set to decide on three major loan projects for Nigeria in 2025, totalling $1.65bn.

This is part of the bank’s effort to address critical challenges in the country.

 

According to Punch, the loans currently in the pipeline, will focus on internally displaced persons, education, and nutrition enhancement.

 

The loans are designed to support Nigeria’s social and economic recovery, particularly in vulnerable sectors requiring urgent intervention.

The first project, titled Solutions for the Internally Displaced and Host Communities Project, has a commitment amount of $300m and is scheduled for approval on April 8, 2025.

The project, which remains at the concept review stage, seeks to provide sustainable solutions for internally displaced persons and their host communities, addressing their social and economic challenges.

The second project, HOPE for Quality Basic Education for All, is expected to receive $553.8m in financing.

Its approval is slated for March 20, 2025, and it also remains in the concept review phase.

The third project, Accelerating Nutrition Results in Nigeria 2.0, involves the largest share of the proposed loans, with a commitment of $800m.

The World Bank is expected to hold a decision meeting on the project by February 20, 2025.

The $1.65bn financing package reflects the World Bank’s continued commitment to supporting Nigeria’s ongoing reforms.

The World Bank’s schedule indicates that decisions on these loans will be made in early 2025, with Nigeria’s ability to meet project prerequisites and demonstrate accountability in implementation likely to play a key role in getting the funds.

The Women in Rotary, Enugu State, recently organized a life-changing empowerment programme for widows, reinforcing their commitment to uplifting vulnerable women in the community. The initiative, part of the broader Rotary Club District 9142 Widows Empowerment Initiative, was championed by Rotarian Trish Ezeh, the Enugu Representative of Women in Rotary, alongside other distinguished women in Rotary.

Held in Enugu, the programme aimed to provide widows with financial grants to start petty trading, equipping them with the resources needed to regain economic stability and confidence. Speaking during the event, Trish Ezeh emphasized the importance of the initiative, describing it as a means to address the struggles faced by widows and create a sustainable path for their empowerment.

“We specifically targeted the poorest of the poor in our communities. Our goal is to not only empower these women but also create a ripple effect that benefits their families and communities,” Ezeh explained. She added that the beneficiaries’ progress would be closely monitored, with plans for further assistance if necessary.

Ezeh lauded the collective efforts of Rotarians, families, and friends who contributed to the initiative. “Everything we’ve provided today is a result of Rotarians and generous supporters who believe in the transformative power of giving,” she said.

The event also featured an inspiring address by Rotarian Ijeoma Akuegbu-Sunday, the District Chair of Women in Rotary. She shared her personal motivation for starting the project, drawing from her mother’s experiences as a widow. “I understand the struggles widows face, and I believe no widow should ever lack as long as we are here to help,” she said.

Beneficiaries of the programme expressed deep gratitude for the initiative, which provided them with cash grants. Speaking on behalf of the group, Mrs. Modesta Ogbodo said, “This support has given us hope and inspired us to work harder. It’s more than just financial aid; it’s a testament to the kindness and empathy of Rotary members.”

She pledged that the grants would be used wisely to grow businesses and contribute to their families and communities.

The Women in Rotary, Enugu State, reaffirmed their unwavering commitment to empowering disadvantaged groups, expressing hope that this initiative would leave a lasting legacy and inspire similar efforts in the future.

 

Media

The Chief of Defence Staff, Gen. Christopher Musa, has ordered an investigation into the death of two Okuama community leaders, Pa James Oghoroko and Dennis Okugbaye while in Army custody.

The Director of Defence Information, Brig. Gen. Tukur, disclosed this while speaking during the Strategic Communications Interagency Policy Committee’s end-of-year briefing.

Tukur revealed that the Defence Chief directed the 6th Division of the Nigerian Army to investigate the allegations and submit a report by Monday.

Oghoroko, the President-General of the Okuama community, and Oghoroko, 81, the community’s treasurer, reportedly died six days apart after being detained by the military.

 

The duo along with four others — Prof. Arthur Ekpekpo, Chief Belvis Adogbo, Mabel Owhemu, and Mr. Dennis Malaka — were arrested during a military operation conducted between August 18 and 20.

The arrests followed the killing of 17 soldiers on March 14, during a peace mission aimed at resolving a dispute between Okuama and the neighbouring Okoloba community.

Speaking on the matter for the first time, Gusau said, “Regarding allegations of deaths in detention over the weekend, headlines surfaced suggesting that individuals detained in connection with the Okuama incident had died.

“Immediately, the CDS directed an investigation to be conducted by the 6 Division. Any moment from now, we expect the findings on whether the claims are true or not. For now, these remain allegations.

“We are committed to uncovering the truth, and by tomorrow, we will have more details.”

The Federal Government has announced a free train ride for any Nigerian wishing to travel to celebrate the Christmas festivities.

Minister of Information and National Orientation, Mohammed Idris, made the announcement on Monday while briefing journalists on the outcome of the Federal Executive Council, FEC, meeting.

He noted that the free train ride will commence from 20th December, 2024, and end on 5th January, 2025.

 

According to Idris, Nigerians can access the train rides on all the routes where train services are currently being rendered.

More details later…

The Nigerian Government has renamed the University of Abuja after former military Head of State, General Yakubu Gowon.

The institution will henceforth be known as Yakubu Gowon University.

Minister of Information and National Orientation, Mohammed Idris announced the name change shortly after the last Federal Executive Council meeting for the year 2024, chaired by President Bola Tinubu.

He explained that the decision was taken in recognition of the enormous contribution of Gowon to nation building.

Details later…

A 12-member delegation from Benin Republic’s Autonomous National Electoral Commission (CENA) has visited the Independent National Electoral Commission (INEC) on a study tour.

The delegation, led by Sacca Lafia, CENA president, included national commissioners, directors, and senior staff.

They were received on Monday by Mahmood Yakubu, INEC chairman, alongside other commission members at INEC headquarters in Abuja.

The visit, according to Lafia, was aimed at learning from Nigeria’s electoral processes and best practices as Benin Republic prepares for its upcoming 2026 elections.

Speaking at the event, Yakubu highlighted the significance of the visit and the unique challenges CENA faces ahead of the polls.

“Early last month, we received a letter from CENA indicating its interest to undertake a study visit to INEC Nigeria as they prepare for what they described as their most complex election in 2026,” he said.

Yakubu explained that CENA will, for the first time, conduct three elections in three months. Legislative and local elections are scheduled for January 2026, with the presidential election to follow in April 2026.

He said INEC had prepared a detailed programme to address the delegation’s interests.

“In particular, CENA is interested in the legal framework for elections in Nigeria, the design and printing of election materials and forms, the recruitment and training of poll officials, election budgeting and mode of payment to different service providers, security during elections, the use of technology, the accreditation of local and international observers, engagement with electoral stakeholders and other aspects of Nigeria’s electoral experience,” Yakubu said.

He said INEC officials from various departments will brief the delegation during their visit, covering all aspects of the electoral process.

Yakubu assured the team of full access to resources and documentation to support their preparation for the 2026 elections.

 

 Below are pictures from the visit.

       

The Presidency has slammed newly elected United Kingdom Conservative Party leader, Kemi Badenoch.
 
According to the Presidency, her stories are “cock and bull story.”
 
President Bola Tinubu’s Senior Special Assistant on Media and Publicity, Temitope Ajayi, insisted that Badenoch lied about her upbringing in Nigeria.
 
Recall that in 2022, Badenoch accused Nigerian politicians of using public funds for their private matters.
 
She claimed that her upbringing in Nigeria was overshadowed by fear and insecurity because the country was plagued by corruption.
 
After she was elected as UK Conservative Party leader in November 2024, the Nigerian government, through the Nigerians in Diaspora Commission (NIDCOM), reportedly tried to reach out to Badenoch, but she declined.
 
Reacting, Ajayi posted on X: “You are Kemi Badenoch, an opposition leader and a future Prime Minister of the UK. A journalist asked you about the state of the police in the country you hope to govern.
 
 
“Instead of answering the question with how you would make the police more efficient and accountable in protecting the people of the UK, you resorted to an inane cock and bull story of how policemen stole your brother’s shoe in Nigeria.
 
“For someone who has obviously lied about everything she said about her upbringing in Nigeria just for the feel-good effect of keeping her new job, how can we be sure her brother’s so-called police experience in Nigeria was not another made-up story?
 
“Her story of carrying a desk and chair to sit in class at ISL didn’t add up. Her claim that she had no clean water to drink was complete baloney for a girl who grew up in an upper-middle-class family—her mother a university professor and her father a successful medical doctor who ran a well-known private hospital with a rich clientele.”

The immediate past Governor of Kogi State, Yayaha Bello, has threatened to institute legal proceedings against an online medium that published report linking him to an attack on President Bola Tinubu.

Bello who spoke through the Director, Media office of the former governor, Ohiare Michael, on Monday described the publication as not only a mischievous but absolutely senseless report.

The statement read, “Our attention has been drawn to a not only mischievous but senseless report published by a mushroom blog called Daily Excessive, which attributed fake quotes against President Bola Ahmed Tinubu to our principal, the immediate past Governor of Kogi State, Yahaya Bello.

 

“Ordinarily, we would not have even bothered to give this any attention, because no informed Nigerian would take such a ridiculous story, written by a sick mind, seriously, especially since court records are public documents.

“This clarification is, however, necessary for the record and for the benefit of social media users who circulate fake news without fact-checking the details.”

He said that the report, which is part of the desperate plot by irresponsible politicians to strain the relationship between the President and the former governor is the most laughable twist in their failed bid to execute their bring-him-down-at-all-costs mirage.

 

“The Media Office of His Excellency, Alhaji Yahaya Bello, hereby states that the report in circulation by one Daily Excessive blog, which quoted the former governor to have said that he would reveal to the world how President Tinubu became President is not only misleading but also a confirmation of how unintelligent some unrelenting detractors of the former governor are.

“Every Nigerian following court proceedings, since the former governor submitted himself to the Economic and Financial Crimes Commission, knows that trial has not commenced in any of the cases. Former Governor Bello has only taken his plea at both courts.

“The court is an open place where journalists and other stakeholders monitor proceedings. This is the reason no informed Nigerian would even consider opening this sick report by an ‘Excessive fake news purveyor’ called Daily Excessive. But a ‘conquered’ mind is a sick mind, so we understand the plight of these mischief makers,” the statement added.

 

Bello further reiterated his support for Tinubu, and his party, the All Progressives Congress.

[OpinionNigeria]

The Supreme Court in Abuja levied a fine of ₦5 million against Ambrose Albert Owuru, a former presidential candidate, for subjecting President Bola Ahmed Tinubu to harassment through a baseless and vexatious lawsuit.

Naija News reports that Owuru, who ran for the presidency in 2019 under the Hope Democratic Party (HDP) against former President Muhammadu Buhari, was mandated to remit the ₦5 million to Tinubu.

 

Justice Uwani Musa Aba-Aji issued this directive while dismissing Owuru’s latest suit, which sought the removal of Tinubu from Nigeria’s presidency.

 

In addition to the monetary penalty, the Supreme Court instructed its Registry to reject any future frivolous originating summons submitted by Owuru.

During the proceedings, Owuru, who asserted that he was a lawyer admitted to the Nigerian Bar in 1984, attempted to represent himself while donning his wig and gown.

He was subsequently ordered to leave the court room and to remove his wig and gown before being permitted to present his case.

After complying with the court’s orders, Owuru was questioned about his repeated appearances before the court, given that his previous suits had been dismissed on three occasions.

Despite his efforts to persuade the Supreme Court to hear his arguments, his explanations were deemed unconvincing.

Justice Aba-Aji remarked that Owuru’s behaviour was inappropriate for someone claiming to have over 40 years of legal experience. Ultimately, the court dismissed his suit and mandated him to pay ₦5 million to Tinubu.

More details shortly…