General News
Tinubu targets N34.82trn revenue to fund N47.9trn 2025 budget
*As Defence/Security gets lion share of N4.91trillion
*Infrastructure plays 2nd with N4.06
*Education gets N3.5trillion
President Bola Tinubu on Wednesday, presented the N47.9trillion 2025 budget to joint session of National Assembly with targeted revenue of N34.82trillion to fund the projected aggregate expenditure of the estimates
The 2025 budget is N13 trillion higher than 2024 budget which stood at N34 trillion
Tagged “2025 Budget of Restoration, Securing Peace and Building Prosperity”, President Tinubu in the proposed budget with deficit of N13.0trillion, earmarked N4.91trillion for Defence and Security, N4.06trillion for Infrastructure , N3.5trlion for Education and N2.48trillion for Health.
The President in the budget speech, also stated that N15.81trillion is earmarked for debt servicing with salient parameters 2.06million barrels of oil production per day, exchange rate of N1,500 to a US dollar, inflation rate of 15% as against 34.6% it is now.
He said: “The numbers for our 2025 budget proposal tells a bold and exciting story of the direction we are taking to retool and revamp the socio-economic fabric of our society.
“In 2025, we are targeting N34.82 trillion naira in revenue to fund the budget.
“Government expenditure in the same year is projected to be N47.90 trillion naira, including 15.81 trillion naira for debt servicing.
“A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit.
“This is an ambitious but necessary budget to secure our future.
“The budget projects inflation will decline from the current rate of 34.6 percent to 15 percent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day (mbpd).
“These projections are based on the following observations: (i) Reduced importation of petroleum products alongside increased export of finished petroleum products, (ii) Bumper harvests, driven by enhanced security, reducing reliance on food imports, (iii)
Increased foreign exchange inflows through Foreign Portfolio Investments and (iv) Higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.”
Tinubu informed the federal lawmakers that series of economic reforms being carried out by his government, are yielding positive results saying ,” Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.
“Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.
“Our rising exports are reflected in the current trade surplus, which now stands at 5.8 trillion naira, according to the National Bureau of Statistics.
“These clear results of gradual recovery, among others, reflect the resilience of our economy and the impact of deliberate policy choices we made from the outset.”
The President added that his administration has within the last 18 months , released N34 billion naira to over 300,000 students via the Nigeria Education Loan Fund, NELFUND.
“In the 2025 budget, we have made provision for N826.90 billion naira 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 402 billion naira 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,”
he said.
The President also assured Nigerians that the crippled Agriculture sector, shall be revitalized.
He said: “Increasing agricultural production is central to our food security agenda, but insecurity has crippled this vital sector. We are supporting our farmers with funding and inputs to reignite productivity.
“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.
“Our 2025 budget proposal is not just another statement on projected government revenue and expenditures. It is one that calls for action.
“Our nation faces existential threats from corruption and insecurity and suffers from many past poor choices. These challenges are surmountable when we work collaboratively to overcome them.
“We must rewrite the narrative of this nation together, with every leader, institution, and citizen playing their part.
“The time for lamentation is over. This is a time to act. A time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes.
“It is a time for every Nigerian to look hopefully towards a brighter future because a new day has dawned for us as a nation.”
General News
Deputy Senate President Rallies Students For President Tinubu’s Second Term
By George Mgbeleke
For continuity of President Bola Ahmed Tinubu’s initiatives in the education sector, including student loans, the Deputy President of the Senate, Senator Barau I. Jibrin, has urged Nigerian students to support the re-election of the President.
Chairing the 45th anniversary of the National Association of Nigerian Students (NANS @45) in Abuja on Friday, Senator Barau said President Tinubu is genuinely committed to addressing the challenges facing the country, hence the various reforms embarked upon by the administration.
” The time is here for the Nigerian students to show their appreciation by supporting the second term bid of Mr President so that this trajectory of helping students, the trajectory of bringing reforms and innovations to transform our education sector, to help the youth, will continue.
” Let them continue to cooperate with the government, to work with the government and work for His Excellency’s reelection. Now, we have a government that is friendly to youth, that is helping the youth, that is transforming their lives, that is making it possible for the children of the poor to pursue their educational pursuits. So they should now reciprocate by coming together to work with Mr President so that all the goodies that Mr President is providing will continue and their lives will be fully transformed,” he said.
In a statement by his Special Adviser on Media and Publicity, Ismail Mudashir, Senator Barau commended President Tinubu for his bold and impactful reforms in the education and other sectors, noting that the ongoing government initiatives are laying a strong foundation for national development.
Senator Barau who is also the First Deputy Speaker of the ECOWAS Parliament, said education remains the most powerful tool for national transformation, hence the need to commend the President for his purposeful interventions in the sector.
“We must continue to expand access, improve quality, and align education with the realities of a modern, dynamic world. Our young people must be equipped not just with certificates but with skills, innovation, and entrepreneurial capacity, and that is what Mr President is doing.
“Key among these is the Nigerian Education Loan Fund (NELFUND), which is expanding access to higher education; the establishment of new tertiary institutions( including in my village, Federal University of Science and Technology, Kabo); improved engagement with academic unions; and policies that are helping to stabilise the academic calendar with a view of ensuring that students graduate on time. These are critical foundations for a stronger future,” he noted.
Senator Barau stressed that education remains central to the Tinubu administration’s broader vision for economic growth and national transformation, urging students to take full advantage of the opportunities being created.
“Our young people must be equipped not just with certificates, but with skills, innovation, and entrepreneurial capacity,” he said.
While acknowledging the historic role of Nigerian students in nation-building, the Deputy Senate President described NANS as a critical partner in advancing government efforts aimed at youth development and inclusive growth.
Senator Barau urged the leadership of NANS to sustain its role as a responsible voice for students and a partner in building a stable and prosperous Nigeria
“Let your activism always be guided by patriotism, integrity, and a genuine desire to build a sound nation that we shall all be proud of. Let this 45th anniversary be more than a celebration of the past; let it be a renewed commitment to the future: A future of unity, opportunity, justice, equity, and shared prosperity,” he said.
General News
Dantsoho: Reforms, Oyetola’s Impact Responsible for Maritime Sector’s Recent Transformation **Says Nigeria can dominate Africa’s blue economy
Jonas Ezieke
Managing Director and Chief Executive Officer CEO of the Nigeria Ports Authority NPA Dr. Abubakar Dantsoho, has attributed the transformation of the nation’s maritime sector to the impact of the Minister of Marine and Blue Economy, Dr Adegboyega Oyetola and the federal government reforms.
This was as Dantsoho has assured investors that Nigeria has the capacity to dominate Africa’s blue economy, citing ongoing federal government reforms and increased private sector participation as critical drivers of transformation in the maritime sector.
Dantsoho gave the assurance while speaking at the Blue Economy Investment Summit in Abuja, where he stressed that Nigeria’s port system would play a pivotal role in unlocking strategic investments and accelerating economic growth.
He noted that the country must urgently refocus its economic priorities toward fully harnessing its vast marine resources in line with global sustainability goals.
“The time has come for a paradigm shift in the structure of Nigeria’s economy towards the full utilisation of our marine resources. Our port system, if properly harnessed, can serve as a major driver of economic growth,” Dantsoho said.
The NPA boss explained that Nigeria’s strategic location, large population and economic strength position it to become a maritime hub for West Africa, comparable to global leaders such as Singapore and Morocco.
“By virtue of our strategic location, market size and economic strength, Nigeria is well-positioned to function as the maritime hub for West Africa,” he added.
Despite these advantages, Dantsoho expressed concern that Nigeria currently handles only about 25 per cent of cargo traffic in the region, even though it accounts for over 60 per cent of West Africa’s GDP.
“It is worrisome that Nigeria, despite controlling over 60 per cent of West Africa’s GDP, handles only about 25 per cent of the region’s cargo traffic. This clearly shows that we have not fully optimised our potential,” he said.
He, however, assured investors that the tide is turning, as the federal government, through the Federal Ministry of Marine and Blue Economy, is implementing far-reaching reforms to reposition the sector.
According to him, key initiatives include port modernisation, deployment of a Trade Single Window, implementation of a Port Community System, development of deep seaports and full digitalisation of port operations.
“We are implementing key strategic initiatives such as port modernisation, trade single window, port community system, deep seaport development and full digitalisation to reposition our ports for global competitiveness,” he stated.
Dantsoho emphasised that private sector funding remains central to achieving these goals, noting that the NPA is actively encouraging project financing to bridge infrastructure gaps and improve efficiency.
“We are open to private sector participation through project financing. This approach is already improving efficiency and providing access to funding for critical infrastructure,” he said.
He added that the reforms are designed to enhance port efficiency, improve connectivity, reduce freight costs and boost non-oil exports, ultimately driving revenue growth.
“The ultimate goal is to improve liner connectivity, attract bigger vessels, reduce freight costs, and expand our export base, which will significantly boost revenue generation,” he noted.
Dantsoho stressed that competitiveness in the global maritime industry requires efficient operations, competitive pricing and strong hinterland connectivity, adding that Nigerian ports must remain adaptive to evolving global shipping trends.
“With sustained commitment to these initiatives, Nigeria’s port system will enter a new phase and emerge as a leading maritime logistics hub in Africa,” he assured.
Also speaking, the Minister of Marine and Blue Economy, Gboyega Oyetola, said Nigeria’s natural endowments, including its 823-kilometre coastline and extensive inland waterways, place it in a strong position to lead the sector.
“With over 823 kilometres of coastline, extensive inland waterways and a prime location along the Gulf of Guinea, Nigeria is uniquely positioned to harness the immense potential of the marine and blue economy,” Oyetola said.
He added that reforms by the federal government have improved coordination, strengthened maritime security and boosted investor confidence, noting that the sector accounts for over 90 per cent of Nigeria’s international trade by volume.
General News
Niger state moves to strengthen interventions across ten (LGAs) identified as zero dose burden to immunise children
By Uthman-Baba Naseer,Minna
The Niger State Government has said that it will strengthen interventions across ten local government areas (LGAs) identified as zero dose burden to immunise children within the next eight months.
The State Commissioner for Health Dr. Murtala Babagana stated this while speaking at the Socialization Meeting on Republic of Korea (ROK)-United Nations Children Emergency Fund (UNICEF) partnership grant on maintaining and strengthening immunization and Essential Service in ten prioritized LGAs in the state.
Dr. Murtala Babagana blamed the burden in the state on insecurity and the number of hard to reach communities in the state, particularly security prone communities.
The Commissioner who was represented by the Ministry’s Permanent Secretary, Dr. Abdullah Imam while commending the UNICEF, and the Republic of Korea for the grant, urged the ten LGAs of Bida, Chanchaga, Edati, Gurara, Katcha , Kontagora, Mariga, Rafi, Suleja and Wushishi to ensure ownership so they can strengthen both routine immunization and outreaches at facilities and in communities.
According to him “as a state, we are doing everything possible to ensure insecurity is curbed. We can all see the negative impact of insecurity, everybody is worried.
“It is not enough to plan for zero dose. We should plan so that there will be no zero dose because every child that is not immunized is exposed and it is a risk to other children.”
In his remarks, the Executive Director, Niger State Primary Health Care Development Agency, Dr. Inuwa Junaidu explained that the state is positioned in such a way that there are a lot of challenges faced which include banditry and insecurity especially surrounded by Zamfara, Kebbi, Kogi and Kaduna states. “All we need to do now is to prioritize”, he said.
Accordingly, Dr. Junaidu disclosed that “we did a quick appraisal to identify LGAs that have contributed to the burden of zero-dose. So, with support from the Korean government and UNICEF we are trying to ensure that all zero-doses are identified and then vaccinated within the eight month period”.
He then said “we will, identify, enumerate, vaccinate and to ensure that the burden of zero dose is reduced to the barest minimum in Niger State.
In his goodwill message, the UNICEF representative, Health Specialist from the Kaduna Field Office, Dr. Ahmed Tsofo disclosed that, to actualise the implementation of the program, it will rely on the strong existing partnership with the state, saying “UNICEF will stand with you shoulder to shoulder to ensure that we do our best so that this project succeeds.”
He however disclosed that “Nigeria has the highest burden of zero dose globally of 2.1 million with Six states of Adamawa, Bauchi, FCT, Lagos Niger and Ogun identified. And some of these children are in Niger state and in these 10 LGAs.
“The coverage gap and the persistently outbreaks of vaccine preventable diseases like diphtheria, measles, cholera are the reasons for this support. But the insecurity challenge has been hindering us from reaching children” he asserted
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