News
Kogi State Assembly Passes 2025 Budget of N582.4 Billion to Drive Development
The Kogi State House of Assembly has officially approved the 2025 Appropriation Bill, amounting to N582.4 billion.
This monumental step was achieved following the thorough adoption of the report submitted by the House Standing Committee on Appropriation, Budget Monitoring, and Economic Planning.
During the clause-by-clause deliberations led by the committee of supply, Speaker of the House, Rt. Hon. Aliyu Umar Yusuf announced that the budget allocates N281.15 billion for recurrent expenditures, covering areas like salaries, overhead costs, and operational expenses.
On the other hand, a significant N301.28 billion is earmarked for capital expenditures, which will focus on infrastructural projects, development programs, and key investments aimed at boosting the state’s economy.
Rt. Hon. Yusuf made emphasis on the importance of the budget in addressing the needs of Ministries, Departments, and Agencies (MDAs).
He mentioned that it provides a clear framework for the allocation of resources across the board.
The implementation of this bill will commence on January 1, 2025, and run through December 31, 2025.
While commending the lawmakers for their dedication to their legislative duties, the Speaker expressed gratitude for their commitment to scrutinizing and refining the budget.
He praised their collaborative effort in ensuring that the bill aligns with the developmental priorities of Kogi State.
News
Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture
The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.
She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”
“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”
News
Peter Obi Criticises President Tinubu’s Statement on Hunger
Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.
It can be noted that the President recently stated that hunger has always existed in Nigeria.
Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”
“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”
News
Nigerian Army Launches New IED Training Programme
Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).
The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.
It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”
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