Bamidele explained that the extension was essential to enable the federal government to complete ongoing projects outlined in the 2024 budget. The senate has approved an extension of the implementation of the capital aspect of the 2024 budget, now set to run until June 30, 2025. This decision followed a request from President Bola Tinubu on Wednesday, urging lawmakers to approve the extension to ensure that the government can fully utilise all components of the...
Senate President Akpabio eulogised President Tinubu in superlative terms during the latter’s 2025 budget presentation to a joint session of the national assembly President of the Senate, Sen. Godswill Akpabio, has praised President Bola Tinubu in superlative terms and trumpted the gains of his administration, including on security. Making a welcome remark during the formal presentation of the 2025 Appropriation Bill, Akpabio said no community in Nigeria is threatened by terrorism under Tinubu. He also...
Looking forward, the President presented the 2025 budget proposal as a transformative plan designed to revamp Nigeria’s economy. President Bola Ahmed Tinubu has presented the 2025 budget to a joint session of the National Assembly, themed “securing peace, rebuilding prosperity.” The budget was presented to a joint session of the National Assembly on Wednesday, December 18, 2024. In his address to the National Assembly, President Tinubu provided a comprehensive overview of the current state...
In the 2025 budget estimates, N4.91 trillion was allocated to defence, N4.06 trillion to infrastructure while education and health got N3.52 trillion and N2.48 trillion respectively. President Bola Tinubu has allocated a lion share of N4.91 trillion to defence while the education sector will gulp N3.52 trillion in the 2025 fiscal year. These were revealed during the president’s 2025 budget presentation to a joint session of the national assembly Wednesday. Tagged, “the restoration budget: securing peace,...
The late submission and inevitably delayed passage of the 2025 national budget resets the annual January-December fiscal circle achieved in the last five years President Bola Tinubu is expected to present the 2025 budget before the national assembly today. This is less than two weeks before the emd of 2024. By implication, the January-December fiscal circle achieved and sustained previously will be distorted. This is because parliament is not likely to consider and pass the...
For over five decades, Nigeria has relied on its oil and gas sector for its major foreign exchange and revenue earnings. Environmental degradation, loss of livelihoods, strange diseases, lack of portable water etc unfortunately instead became the lot of the citizens in the host communities who wondered what went wrong in the midst of so much prospects, hopes and now, dashed dreams. Since the discovery of Oil in 1956, Nigeria has not transmuted to the...
The Senate, at today’s plenary, passed the 2024 Nigerian Insurance Industry Reform Bill to consolidate existing insurance laws and reduce reinsurance capital requirements, while also addressing insecurity by proposing laws to limit cross-border cattle movement and advocating for modern ranches to curb farmer-herder conflicts. Additionally, the senate upheld the dismissal of a petitioner over job racketeering allegations and rejected a separate wrongful termination petition, emphasizing adherence to due process and existing regulations. Senate passes insurance...
At plenary today, the House suspended its rules for the 2025 Budget presentation while an investigation into an agricultural mechanisation programme was called. House rules suspended ahead of budget presentation Ahead of the 2025 budget presentation by President Bola Tinubu, the House of Representatives on Tuesday suspended its rules to admit non-members into the chambers tomorrow, Wednesday. Just as indicated on Tuesday’s order paper, the speaker at the end of plenary asked the House Leader,...
In response to the debate, the senate resolved to take decisive measures to address the security crisis caused by cross-border cattle herding. The senate has mandated its committee on national security and intelligence, livestock and agriculture to liaise with the federal government with a view to establishing modern cattle ranches across the country to reduce insecurity. This is as it also resolved to enact a law limiting cattle movement from neighbouring countries to Nigeria. The...
In a related development, the senate rejected the petition filed by another petitioner against the NDPHC regarding the alleged unlawful termination of his appointment in 2018. The senate has upheld the dismissal of Uwalaka Peter Ebere from the Office of the Auditor General of the Federation, citing his alleged involvement in job racketeering and fraudulent extortion of money from job seekers. The decision, aimed at serving as a deterrent, also directs the Auditor General’s office...
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