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FG targets N34.82trn revenue as Tinubu presents 2025 budget 

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President Bola Tinubu has said the Federal Government will target N34.82 trillion revenue to fund the N47.9 trillion 2025 budget.

Tinubu stated this on Wednesday in Abuja while presenting the 2025 Appropriation Bill to joint session of the National Assembly.

The N47.9 trillion budget was christened “Budget of Restoration, Securing Peace and Rebuilding Prosperity.”

Tinubu said that the budget reinforced his administration’s roadmap to securing peace, prosperity and hope for the greater future of Nigerians.

He said that the Federal Government’s expenditure was projected to be N47.9 trillion, including N15.81 trillion for debt servicing.

“A total of N13.08 trillion or 3.89 per cent of GDP will make up the budget deficit,” he said.

The president listed highlights of the 2025 budget allocations to include: defence and security: N4.91 trillion; infrastructure: N4.06 trillion; Health: N2.48 trillion and Education: N3.52 trillion.

“This is an ambitious but necessary budget to secure our future. The budget projects inflation will decline from the current rate of 34.6 per cent to 15 per cent next year.

“The exchange rate will improve from approximately N1,700 per dollar to N1,500 and a base crude oil production assumption of 2.06 million barrels per day,” he said.

Tinubu said that the projections were targeted at reduction of importation of petroleum products, alongside increased export of finished petroleum products.

According to him, they are also targeted at bumper harvests, driven by enhanced security, reducing reliance on food imports and increased foreign exchange inflows through foreign portfolio investments.

“Others are: higher crude oil outputs and exports, coupled with a substantial reduction in upstream oil and gas production costs,” he said.

The president said that the budget was a demonstration of government’s commitment to stabilising the economy, improving lives and repositioning the country for greater performance.

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He also said the budget sought to consolidate the key policies instituted to restructure the economy, boost human capital development, increase the volume of trade and investments and bolster oil and gas production.

The budget, he said, would equally get the manufacturing sector running again and ultimately increase the competitiveness of the economy.

The president said that it was cheering that the economy was responding positively to stimulus.

He said that the objective was to further stimulate the economy through implementation of targeted fiscal stimulus packages via public expenditures and specific non-inflationary spending.

“The reforms we have instituted are beginning to yield results. Nigerians will soon experience a better and more functional economy.

“Global economic growth for the outgoing year 2024 was projected at 3.2 per cent and, against predictions, our country made significant progress.

“Our economy grew by 3.46 per cent in the third quarter of 2024, up from 2.54 per cent in the third quarter of 2023.

“Our foreign reserves now stand at nearly 42 billion dollars, providing a robust buffer against external shocks.

“Our rising exports are reflected in the current trade surplus, which now stands at N5.8 trillion according to the National Bureau of Statistics. (NBS).

“These clear results of gradual recovery, among others, reflect the resilience of our economy and the impacts of deliberate policy choices we made from the outset,” he said.

Mr Tinubu further stated that his administration attained remarkable milestones in implementing the 2024 budget, adding that N14.55 trillion was generated in revenue, meeting 75 per cent of its target as of the third quarter.

He said that the 2025 budget would restore macro-economic stability, enhance the business environment, inclusive growth, employment and poverty reduction as well as promote equitable income distribution and human capital development.

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“Our budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the ‘Renewed Hope Agenda’ and its developmental objectives,” he said.

The president said that the budgetary allocations underscored the administration’s strategic priorities, particularly in advancing the renewed hope agenda and achieving its developmental objectives.

“As we embark on implementing the 2025 budget, our steps are deliberate, our decisions resolute and our priorities clear.

“This budget reflects a renewed commitment to strengthening the foundation of a robust economy, while addressing the critical sectors essential for the growth and development we envision,” he said.

Mr Tinubu said that the federal government had significantly increased funding for the military, paramilitary and the police force to secure the country, protect the borders and consolidate government’s control over the nation’s territory.

“Government will continue to provide our security forces with the modern tools and technology they need to keep us safe.

“Boosting the morale of our men and women in the armed forces will remain our government’s top priority.

“Our administration will continue to empower them to defeat insurgency, banditry and all threats to our sovereignty.

“Our people should never live in fear, whether on their farmlands, highways or cities. By restoring peace, we restore productivity, revive businesses and rebuild our communities,” he said.

Mr Tinubu also said that government was accelerating investments in energy, transport and public works through leveraging private capital.

“We hope to complete key projects that drive growth and create jobs. We have already embarked on key legacy projects: Lagos-Calabar coastal highway and Sokoto-Badagry highway.

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“This will have a huge impact on the lives of our people and accelerate economic output,” he said.

On human capital development, the president said that his administration had so far disbursed N34 billion to more than 300,000 students through Nigeria Education Loan Fund, NELFund.

“In the 2025 budget, we have made provision for N826.90 billion for infrastructure development in the educational sector.

“This provision also includes those for the Universal Basic Education (UBEC) and the nine new higher educational institutions.

“We are convinced that universal health coverage initiatives will strengthen primary healthcare systems across Nigeria.

“In this way, we have allocated N402 billion for infrastructure investments in the health sector in the 2025 budget and another 282.65 billion naira for the basic health care fund.

“Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians.

“This is consistent with the federal government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency,” he said.

He said that government was supporting farmers with funding and inputs to reignite productivity and revitalise agriculture.

“Food security is non-negotiable. In this regard, we are taking bold steps to ensure that every Nigerian can feed conveniently and none of our citizens will have to go to bed hungry.

“As your president, I remain committed and resolute to continue to lead the charge. This 2025 budget proposal lays the foundation for peace, prosperity and the much-needed hope.

“It is the plan through which a Nigeria where every citizen can dream, work and thrive in safety can be achieved,” the president said.

NAN

 

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VIRAL VIDEO: Moment Yahaya Bello Orders Kogi State House Members to Sit on Floor, Gives Strict Directives

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IGP withdraws all policemen attached to Kogi ex-gov, Yahaya Bello

A viral video circulating on social media has captured former Kogi State Governor Yahaya Bello making newly elected State House of Assembly member, Hassan Shado, and his supporters sit on the floor during a meeting in Abuja.

The meeting took place at Bello’s residence on Monday, where he received members of the All Progressives Congress (APC) to discuss party unity and responsibilities.

Shado, who won the Dekina-Okura II State Constituency by-election on August 16, was formally presented to the former governor.

INEC declared Shado the winner after he polled 55,073 votes, defeating Godwin Meliga of the PDP, who garnered 1,038 votes.

During the session, Bello emphasized that Shado must strictly obey the directives of Governor Ahmed Usman Ododo in all legislative matters.

He drew his ear to stress the importance of cooperation, warning the lawmaker to align with Assembly decisions even when he did not fully understand them.

Bello said, “Go and cooperate with the Speaker and other members of the House of Assembly. Support Governor Ododo in everything that comes to the Assembly, even if you don’t understand it.”

Bello also reminded Shado that political victories are collective achievements.

He stated, “No candidate wins an election alone. Your people worked tirelessly from nomination to election day. Do not let them down.”

He urged inclusivity, consultation, and collective leadership, emphasizing that unity remains the key to APC’s continued success in Kogi State.

The former governor praised the people of Kogi East for demonstrating unity, which he said had been lacking in the past.

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He further expressed confidence that APC would retain all major political positions in upcoming elections, declaring, “Our President, Bola Tinubu, will be re-elected.

Governor Ododo will be re-elected. All our candidates will continue to win on our great party’s platform.”

Bello’s post-governorship period has been marked by controversy.

The EFCC accused him of diverting over N110 billion from Kogi State coffers during his tenure.

He evaded multiple court summons and even a failed arrest in Abuja that led to a shootout. Ultimately, Bello surrendered to the EFCC on November 26, 2024, after months of avoiding legal proceedings.

Despite his legal troubles, Bello maintains influence over APC lawmakers in Kogi and continues to assert political authority, as shown in the recent video with Shado.

Watch the video below.

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Africa

Why Every Nigerian Should Learn Combat Skills — CDS

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The Chief of Defence Staff (CDS), General Christopher Musa, has urged all Nigerians to acquire combat skills such as Karate, Taekwondo, and Judo to protect themselves in the face of increasing danger.

Speaking on Channels Television’s Politics Today programme on Thursday, August 21, General Musa likened learning martial arts to other essential survival skills, including driving and swimming.

“That one should be taken as learning driving, learning how to swim.

Whether we have war or not, it is a survival instinct,” he said.

He added that in Europe, swimming and basic security education are compulsory because citizens must understand and practice personal safety.

The defence chief emphasised that the National Youth Service Corps (NYSC) should incorporate unarmed combat training into its programme to prepare graduates for real-world threats.

He explained, “That’s what the NYSC is supposed to do, but the NYSC has been watered down to three weeks. Self-defence is very important.

Unarmed combat, swimming, driving these are critical aspects of human survival. We should never take them for granted because they prepare us for the future.”

General Musa further encouraged Nigerians to remain situationally aware of their environment, alerting authorities to any suspicious activities or individuals.

He said, “The world we are in now is dangerous. We have individuals who don’t mean people well. They kill for whatever reason.”

Highlighting evolving threats, General Musa disclosed that terrorists increasingly use gold to finance their operations.

He noted that complex international networks make it difficult to immediately expose or prosecute these financiers. “Gold is the main source.

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They circulate it through various channels, including foreign links, which complicates intervention,” he explained.

General Musa acknowledged that bad roads and challenging terrains hinder rapid military response to attacks.

He said, “Many Nigerians expect immediate intervention from the Armed Forces without understanding the logistical challenges. By the time information reaches us, terrorists have already struck and vanished because they move more quickly in these regions.”

He added that improvised explosive devices (IEDs) in the North-East further slow troop movement.

Regarding the Southeast, General Musa noted that the arrest of pro-Biafran agitator Simon Ekpa in Finland in November 2024 has improved security in the region.

He said, “Troops are actively pursuing Ekpa’s lieutenants in Imo, Enugu, Anambra, Ebonyi, and Abia states. We will continue operations until all threats are neutralised.”

The CDS also praised the synergy among the Nigerian Army, Air Force, and Navy, which led to the arrest of Ansaru terrorist leaders, describing it as a major success in the fight against terrorism.

General Musa concluded by announcing an African Chiefs of Defence Staff conference to foster continental collaboration and enhance regional security efforts.

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Health

Police Arrest Fake Doctor as Woman Dies During Abortion

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Detectives from the Akwa Ibom State Police Command have arrested a man posing as a medical doctor following the death of a 35-year-old woman, Blessing Sunday Etim, during an alleged illegal abortion.

The suspect, identified as Sunday Okon Akpan, reportedly owns and operates the Full Life Medical Centre (FLMC) in Ikot Obio Odongo, Ibesikpo Asutan Local Government Area.

Deputy Superintendent of Police (DSP) Timfon John, the spokesperson for the Akwa Ibom Police Command, revealed that police launched a search for the victim after receiving a distress call from her mother.

DSP John stated that operatives acted quickly following the report, which indicated that Blessing had gone to work at the FLMC and never returned.

According to police reports, the suspect attempted to secretly dispose of the victim’s body in her room.

A co-tenant, who witnessed the act, raised an alarm, forcing the suspect to abandon the corpse and flee the scene.

Police quickly arrived at the scene, where detectives discovered a premature foetus, confirming the occurrence of an illegal abortion.

Police traced and arrested Sunday Okon Akpan, a resident of Afaha Offiong village, Nsit Ibom LGA.

Preliminary investigations indicate that the suspect is not a licensed medical doctor or nurse but a community health practitioner who allegedly used his clinic to perform illegal medical procedures, including abortions.

The health centre has since been found abandoned.

DSP John confirmed that the victim’s body has been deposited at a morgue for preservation and autopsy, while investigations continue to uncover more details surrounding the incident.

She also promised to update the public as the probe progresses.

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This shocking incident highlights the dangers of unlicensed medical practitioners operating clinics and offering illegal procedures.

Police authorities are warning residents to verify the credentials of anyone offering medical services and to report suspicious activities to prevent similar tragedies.

As the investigation unfolds, Akwa Ibom police have vowed to ensure that justice is served, and the public remains safe from unqualified medical practitioners operating in the state.

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Trump Orders Review of 55 Million US Visa Holders in Mega Crackdown

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The Trump administration has announced a sweeping review of more than 55 million foreigners holding US visas, aiming to identify potential violations that could trigger visa revocation or deportation.

In a statement to The Associated Press, the State Department confirmed that all visa holders are now subject to “continuous vetting.”

Officials will examine any indicators of ineligibility, including overstaying authorised periods, criminal activity, threats to public safety, engagement in terrorism, or support for terrorist organisations.

If authorities find evidence of such violations, they will revoke the visa, and individuals already in the US could face immediate deportation.

Officials stressed that the review targets both individuals residing in the United States and those holding multiple-entry visas abroad.

Since assuming office, President Donald Trump has prioritized strict immigration enforcement, targeting not only undocumented migrants but also holders of student and visitor exchange visas.

The current vetting process extends far beyond prior reviews, potentially affecting individuals who initially received approval to stay in the US.

According to the Department of Homeland Security, last year the US had 12.8 million green-card holders and 3.6 million people on temporary visas.

Immigration policy expert Julia Gelatt of the Migration Policy Institute noted that the 55 million figure likely includes individuals living abroad with tourist or business visas. She questioned whether allocating resources to review people unlikely to return justifies the scale of the initiative.

Alongside the review, Secretary of State Marco Rubio announced on X that the US will immediately halt work visas for commercial truck drivers, citing safety risks and threats to American jobs.

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“The increasing number of foreign drivers operating large tractor-trailer trucks on US roads is endangering American lives and undercutting the livelihoods of American truckers,” Rubio wrote.

The administration recently strengthened English proficiency requirements for foreign truckers following incidents where language barriers contributed to accidents. State Department officials confirmed they are pausing the processing of new work visas to reassess screening and vetting protocols.

“Ensuring that every driver meets the highest standards protects American workers and maintains a secure, resilient supply chain,” the department added.

Experts warn the broader implications of the review could ripple across the US economy. Edward Alden, senior fellow at the Council on Foreign Relations, explained that the administration’s policies aim to discourage companies, universities, and hospitals from employing foreign workers.

“The economic consequences will extend far beyond individual visas,” Alden said, emphasizing that employers risk compliance issues if they continue hiring foreign staff.

The review represents the most comprehensive enforcement action in recent US history and signals that the administration will aggressively monitor both legal and temporary visa holders to maintain national security and prioritize domestic employment.

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2027: ADC Coalition Deceiving Nigerians – Baba-Ahmed

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Labour Party vice presidential candidate, Senator Yusuf Datti Baba-Ahmed

The 2023 Labour Party (LP) vice-presidential candidate, Datti Baba-Ahmed, has warned Nigerians that the opposition coalition under the African Democratic Congress (ADC) is giving false hope about rescuing the country from underdevelopment.

“They are deceiving us,” Baba-Ahmed said during an interview on Channels Television’s Politics Today on Friday.

Baba-Ahmed, who ran alongside Peter Obi in the 2023 presidential election won by Bola Tinubu of the All Progressives Congress (APC) expressed his willingness to be Obi’s running mate in the 2027 presidential election.

Although Obi has shown interest in the 2027 race and is aligning with ADC coalition figures such as David Mark, Atiku Abubakar, Nasir el-Rufai, Rotimi Amaechi, and Rauf Aregbesola, Baba-Ahmed stressed that he wants Obi to remain in the Labour Party and contest as its presidential candidate.

“I’m in the Labour Party. I’m a Peter Obi man. I still want Peter Obi to come back to the Labour Party and contest the 2027 election,” Baba-Ahmed stated.

When asked about his plans for the 2027 race, Baba-Ahmed confirmed his readiness to serve as a running mate for like-minded leaders committed to restoring Nigeria.

“If Nigeria is still around and there is an electoral system to follow, my love for Nigeria is undying.

I would appropriately associate with groups and individuals aligned with restoring the nation,” he said.

Baba-Ahmed also revealed two potential leaders he would consider deputising, with Peter Obi being his primary choice. “The first one has not said anything.

The second one is Peter Obi. I’m always with Peter Obi until he decides not to,” he added.

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