News
Tinubu to Present N47.9 Trillion 2025 Budget to National Assembly on December 17
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.
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.
News
“You Can Still Have Subsidy Without Long Queues” — Rufai Oseni Speaks On Subsidy
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
News
Sanwo-Olu Speaks on Lagos’ Power Challenges and the Need for Change
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
News
Sanwo-Olu Declares August 20 Public Holiday in Lagos for Isese Festival
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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