
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 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]
Supreme Court Slams ₦5 Million On Ex-presidential Candidate For Challenging Tinubu’s Election
AFOLABIThe 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…
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The Director General of the National Youth Service Corps, NYSC, Brig. Gen. Yushau Ahmed Dogara has reiterated the scheme’s zero-tolerance policy for protests and indiscipline among serving corps members.
Dogara, who handed down the warning during a working visit to the temporary orientation camp in Kaduna, said, in the last three months, several corps members have attempted to protest, resulting in disciplinary actions against them.
He reminded corps members that the scheme’s bylaws clearly outline the consequences of indiscipline, and corps members are expected to adhere to these rules.
“In NYSC, just like in the Army and the Police, we don’t allow protest because we are disciplined and law-abiding. So whenever anybody wants to deceive you, go back and read your bylaws.
“In the last three months, we have a few corps members who are indiscipline. They attempted to protest. So, we are keeping them behind due to their act of indiscipline”, he said.
He expressed concerns over the safety of corps members, particularly with regard to night journeys, warning that most night journeys are hazardous and have resulted in accidents and kidnappings.
According to him, the scheme has lost several corps members to night journeys, and it is essential to take proactive measures to prevent such incidents, urging corps members to desist from night journeys and prioritize their safety.
“My concern has been these incessant night journeys that have claimed so many lives. Sometimes they are involved in accidents and some other times kidnapping and we never recover them.
“One of my top agenda is the security and welfare of corps members which is why anywhere I go, I must stress these two issues”, the DG added.
On corps members allowance, he announced that the government has agreed to double the monthly allowance from N33,000 to N77,000.
The increase is expected to reflect in the corps members’ allowances soon, pending the completion of necessary processes, especially the cash backing, he assured.
“I need to tell you that whenever the government increase salary, we in the NYSC approach the government for increment in corps members allowances and there was never a time the government did not respond to us.
“This time, the government has agreed to double the amount from N33,000 to N77,000. We are only waiting for cash back because other processes have been communicated to us”, he confirmed.
How Cabals Hijacked Buhari’s Presidency For Eight Years, Amassed Wealth — Ex-Minister Dalung
AFOLABIFormer Minister of Youth and Sports, Solomon Dalung, has accused a powerful cabal of hijacking power shortly after President Muhammadu Buhari’s electoral victory in 2015.
Speaking on the Mic On Podcast on Sunday, Dalung explained that a cabal is “a group of ambitious individuals, often appointed by the president, who end up manipulating the presidency to serve their personal interests rather than the public good.”
According to him, shortly after Buhari’s victory, an influential group emerged unexpectedly and sidelined those who had actively campaigned for the president.
Dalung recalled how his access to Buhari was suddenly restricted, an event he described as the moment the cabal took control.
He recounted, “On the day Buhari was declared winner, I went to see him in the evening. To my surprise, I was blocked from entering his house — a house where, just a day earlier, I had stayed until 2 a.m. I had to make several calls before I was finally allowed access. From that day, it became clear that the cabal had taken over.”
Dalung criticized the role of Buhari’s supporters, noting that they went out celebrating, leaving the president exposed to those who “understood power” and had the capacity to take over the administration.
“These people, who understood power, took over and ran the government to their interest until eight years were gone,” he said.
When asked whether Buhari’s administration was influenced by a Congress for Progressive Change (CPC) cabal, Dalung dismissed the idea.
He argued that key CPC figures like Tanko Al-Makura were not part of the group controlling power.
“The CPC did not succeed in having a cabal. Instead, the government was hijacked by people who were not politicians but ‘like bandits who laid an ambush’ immediately after Buhari’s victory,” Dalung stated.
He claimed that the individuals who seized power in Buhari’s administration amassed substantial wealth and influence over the years, becoming some of the most powerful figures in Nigerian politics.
“Of course, they are very, very wealthy, and Nigerians should expect them. They are very powerful,” he added.
On the possibility of a similar situation in President Bola Tinubu‘s administration, Dalung suggested that the dynamics had evolved within the All Progressives Congress (APC).
He described the ruling party as a “sophisticated political machine” and likened it to a “zoo,” reflecting its complexity.
“It is the same APC we formed, but it is now more sophisticated. The party has become a complex political architecture, more like a zoo,” he remarked.
Despite making these bold claims, Dalung said he had no fear of retaliation. He revealed that he had survived over 10 assassination attempts, including one where his car was riddled with bullets by gunmen wielding AK-47 rifles.
“I’ve been into the struggle for 40 years. I’ve survived more than 10 assassination attempts. There was a time five people carrying AK-47s sprayed my car, and I am still alive,” he said.
He also shared accounts of previous attempts on his life, including efforts to poison his food and ambushes from armed attackers.
“I am not afraid of death. My mother confirmed to me that I will not leave this planet until the day ordained by God,” Dalung stated.
The Supreme Court has imposed a N5 million fine on a former presidential candidate, Ambrose Owuru, for harassing President Bola Tinubu with frivolous and vexatious suits.
Owuru, who contested the 2019 presidential election against former President Muhammadu Buhari on the platform of the Hope Democratic Party (HDP), was ordered to pay N5 million to Tinubu.
Justice Uwani Musa Aba-Aji issued the order against the former presidential candidate while dismissing his fresh suit praying for the removal of Tinubu as Nigeria’s president.
Apart from the N5 million fine, the apex court ordered its Registry not to accept any frivolous suit-originating summons from Owuru again.
At the day’s proceedings, Owuru, who claimed to be a lawyer called to the Nigerian Bar in 1984, sought to argue his case wearing his wig and gown.
He was ordered out of the Bar and directed to remove his wig and gown before he could be allowed to argue his case.
Upon complying with the orders, Owuru was asked why he came before the court again, having had his suits dismissed three times.
Although he tried unsuccessfully to convince the Apex Court to grant him adequate audience, his explanations were rejected as unconvincing.
Following his recalcitrance, the court threatened to refer him to the Legal Practitioners Disciplinary Committee LPDC.
Justice Aba-Aji ruled that Owuru’s conduct was unbecoming of a lawyer of over 40 years, as he claimed to be.
In the end, the Court dismissed his suit and ordered him to pay Tinubu N5 million.
The court lambasted him for taking the Supreme Court for a ride, wasting its precious time with baseless suits and grossly abusing court processes.
Before the suit was thrown out, Bode Olanipekun SAN who appeared for President Tinubu had drawn the attention of the court to several cases of Owuru that were dismissed on account of frivolity.
He added that the direction of the fresh suit could not be understood because of the poor ways and manners it was couched by the applicant.
Olanipekun SAN also said that it was difficult for him to apologize to the court on behalf of Owuru because the conduct of the applicant had become something unbearable in the practice of the law profession.
In his own response, a professor of law and Senior Advocate of Nigeria, SAN, Taiwo Osipitan assured that the conduct of the former presidential candidate would be referred to the Nigerian Bar Association, NBA.
The Court of Appeal had previously imposed a fine of N40 million on Owuru, to be paid to Tinubu, INEC, and others, for filing a suit against them.
The new suit prayed the Apex Court to sack Tinubu on two major grounds: alleged non-qualification to hold office as Nigeria’s President and alleged usurpation of the office in contravention of the law.
Defendants in the suit were former President Muhammadu Buhari, the Attorney General of the Federation and Minister of Justice, the Independent National Electoral Commission (INEC), and Tinubu as 1st to 4th defendants, respectively.
He claimed that his suit at the Supreme Court, which would have removed Buhari from office, was technically jettisoned by the Apex Court due to a mix-up in hearing dates.
He also prayed the Apex Court to disqualify Tinubu on account of the forfeiture of $460,000 to the United States of America over an alleged drug trafficking-related offence.
Besides the alleged forfeiture, Owuru accused Tinubu of being an active agent of the CIA, a position he claimed disqualified Tinubu from holding the office of President of Nigeria.
Specifically, Owuru prayed the Supreme Court to invoke Section 157 of the 1999 Constitution to remove Tinubu from office on the grounds of being under the control of foreign authorities.
He also asked the Supreme Court to declare him Nigeria’s President and order his immediate inauguration to reclaim his alleged usurped mandate.
[TheNation]
Comedian and actor AY Makun has spoken out about the recent controversy surrounding Netflix’s supposed halt in funding Nigerian original films.
The controversy was ignited by filmmaker Kunle Afolayan, who claimed that Netflix had ceased commissioning Nigerian originals, raising concerns about the streaming giant’s commitment to the Nigerian market.
In an interview with Nollywood on Radio, Makun clarified that Netflix is not exiting the Nigerian market but is likely re-strategizing its approach due to financial concerns.
“I had a meeting with Netflix recently and it was never mentioned to me that they are opting out of business in this part of the world,” Makun stated.
“At the last meeting, we discussed my next project and how they can be a part of it. I also do not want to believe strongly that they are leaving Nigeria.”
Makun noted that Netflix’s struggles in Nigeria stem from financial challenges.
“The truth is if you are doing business in a particular region and you are not making money but spending much more than you’re making, you would want to re-strategise. That is what is going on with their system and structure,” he said.
The comedian explained that Netflix’s spending in Nigeria has far exceeded its earnings, prompting the company to reassess its business model.
He pointed to the widespread practice of subscription sharing and low subscription rates as key factors contributing to Netflix’s challenges in the country.
“For example, the subscription basis for Netflix in a country that has a population of over 200 million people is just about 300,000, so there is a leakage somewhere that needs to be corrected,” Makun noted.
He added that many Nigerians are accessing Netflix content through shared subscriptions rather than purchasing individual subscriptions.
“You would see a person with a Netflix subscription sharing with several people, so that’s the problem. It is not just about the filmmakers,” Makun concluded.