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Tinubu to Present N47.9 Trillion 2025 Budget to National Assembly on December 17

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President Bola Tinubu is set to present the proposed 2025 budget to the National Assembly on Tuesday, December 17, 2024.

This announcement came from Senate President Godswill Akpabio during a recent plenary session, where he informed lawmakers that the president had officially communicated his intention to appear before a joint session for the budget presentation.

Akpabio emphasized the significance of the upcoming presentation, marking a key moment in shaping Nigeria’s fiscal direction for the year ahead.

He stated, The president has expressed his readiness to present the 2025 budget before the National Assembly on December 17.

The proposed budget for 2025 stands at a staggering N47.9 trillion.

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This figure was earlier disclosed by the Minister of Budget and Economic Planning, Atiku Bagudu.

Bagudu, who has been instrumental in driving economic reforms and policies under President Tinubu’s administration, noted that the budget reflects strategic investments aimed at economic growth, infrastructure development, and social welfare.

The presentation of the budget to a joint session of the National Assembly is a critical annual tradition, providing lawmakers with insight into the government’s priorities for the coming year.

It also allows for detailed scrutiny and discussions that shape national spending and development goals.


 

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Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture

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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.”


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Peter Obi Criticises President Tinubu’s Statement on Hunger

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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.”


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Nigerian Army Launches New IED Training Programme

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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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