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Economic hardship:FG Re-assures Of Drop In Inflation In 2025

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President Bola Ahmed Tinubu

By George Mgbeleke

The Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, has re-assured Nigerians that the high inflation rate in the nation will be reduce by at least 15 percent in 2025.

Nigeria’s inflation rate rose for the fourth straight month in December, 2024 advancing to 34.80% in annual terms from 34.60% in November, in the data from the statistics agency showed last week.

Speaking while addressing the Senate Committee on Finance on 2025 Budget defense, on Monday in Abuja, Mr. Edun expressed optimism that the 2025 budget estimates of N47.9 trillion, particularly with regards to the revenue will be achieved with expected strong economy.

He said reducing inflation, though was a key responsibility for monetary policy championed by the Central Bank of Nigeria.(CBN) is achievable.

“Central Bank of Nigeria is indicating a 15 per cent inflation rate by the end of 2025, it is achievable, we are working hard towards it,we look forward to achieving it.

“And it is their signaling of where inflation is expected to lie that has given us this interest rate,however, we all have a role to play.

“Even if monetary policy helps to try to bring down inflation,however, on the fiscal side, it is important that we contribute to lower inflation, not just by really squeezing demand, but by increasing supply.

“Increasing supply of food is one of the major commitments that is already laid out,we are having a dry season harvest now, and we have mobilised 250,000 farmers to be able to produce 750,000 metric pounds of assorted grains from the dry season farming”.

Mr. Edun also said that under President Bola Tinubu, the country’s economy is growing positively as the budget deficit as percentage to Gross Domestic Product, GDP, is falling while debt service ratio as percentage to revenue is improving.

“After eighteen to twenty months, under the able and visionary leadership of President Bola Tinubu, we have been inspired as a nation to re-determination forbearance arrive st the situation where the economy is very much turning the corner, it is growing. The budget deficit as percentage to Gross Domestic Product, GDP, is falling while debt service ratio as percentage to revenue is improving”

In his opening remarks, the Chairman Senate Committee on Finance, Senator Sani Musa urged Ministries, Departments and Agencies (MDAs) to present a budget that is realistic, implementable, focused and tailored towards attainment of measurable outcomes.

Senator Musa said the MDAs budget should have a clear purpose and translate to tangible benefits for the populace on implementation.

He said the it was the responsibility of the legislature to ensure efficient and transparent allocation of government resources to drive development and needs of the people, adding that ministry of finance plays a foundational role in shaping economic policies and fiscal strategies.

“The impact of this action will be released across all sectors, and as such, this budget must reflect prudence, accountability, and alignment with the priority of the people.

“We understand the challenges you face in balancing the demands of your mandate with available resources.

“However, as custodians of the public costs, it is our collective responsibility to ensure that every one contributes meaningfully to our shared goals.

“This session is an opportunity for MDAs to address the challenges they face supported by clear data and justifiable expenditures, this process is not adversarial but collaborative as we all share the common goal of advancing the economic well-being of our country,”Musa said.

Present at the session were the Accountant General of the Federation Dr. Oluwatoyin Madein and Chairman, Fiscal Responsibility Commission (FRC),Mr Victor Muruako,

President Bola Ahmed Tinubu last year presented a N49.7 trillion budget proposal for the 2025 fiscal year, projecting inflation which has been soaring to drop to 15 percent in the 2025 proposal.

General News

Otuaro lauds Tinubu As PAP Presents Laptops To 663 Scholarship Beneficiaries

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beneficiaries of the laptops

 
By David Owei,Bayelsa

The Presidential Amnesty Programme (PAP) has concluded the distribution of laptops to final year beneficiaries of its scholarship scheme aimed at enhancing their academic research in universities across Nigeria.

The agency presented a total of 663 laptops to the beneficiaries in the 26 partnering and 72 non-partnering universities at the end of the exercise, which lasted between April and May 2025.

The PAP also carried out physical verification and orientation programme for the newly deployed 3,171 beneficiaries in the resumption list for the 2024/2025 academic session.

Various teams coordinated by the PAP’s Head of Education, Dr Charles Ariye, visited the schools to distribute the laptops to the beneficiaries and perform the verification and orientation programme.

Speaking on the laptops distribution, the PAP Administrator, Dr Dennis Otuaro, reiterated that the decision was based on the realization of the usefulness of the mobile computing device to the students’ academic pursuit and overall success.

He said the gesture was in fulfillment of his promise to the scholarship beneficiaries during his tour of partnering universities in 2024.

While expressing optimism that the laptops would help the beneficiaries a great deal, Otuaro urged them to make good use of them and justify the government’s huge investment in their education.

He also said the physical verification and orientation programme was part of his leadership’s policy of due process, transparency and accountability to ensure a headcount of all beneficiaries, and enlighten the fresh beneficiaries on the PAP’s education policy.

Otuaro advised all PAP scholarship students to take their studies seriously and shun acts capable of putting their academic pursuit in jeopardy and ruining their bright future.

He restated his leadership’s unwavering commitment to implementing the programme’s objectives for the advancement of the Niger Delta and in support of President Bola Tinubu’s avowed commitment to the region’s peace, stability and development.

“We will continue to partner with the institutions and create access to university education for our youths, thereby reducing the human capital gap in the Niger Delta and contributing to national manpower development.

“This is also with a view to deepening efforts to ensure sustainable peace, stability and socio-economic growth in the region in line with the renewed hope agenda of His Excellency, President Bola Ahmed Tinubu, GCFR”, Otuaro said.

The PAP helmsman expressed profound appreciation to the president for his massive support for the programme, noting that it demonstrates his undiluted love for the Niger Delta and the youths in particular.

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JAMB allows Candidates who missed exam to retake …As JAMB Boss breaks silence on UTME glitches

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By Our Reporter

In a bid to pacify the anger of most Nigerians on the poor performance of  students 2ho sat for JAMB examination,the Joint Admissions and Matriculation Board (JAMB) Registrar and Chief Executive, Professor Is’haq Oloyede, has announced that candidates who missed the examination would be allowed to retake it.

Oloyede noted that the decision aims to provide an opportunity for affected candidates to demonstrate their abilities.

Speaking with journalists during meeting with stakeholders in at Board Headquarters in Abuja on Wednesday,Oloyede clarified that his emotional response to the technical issues that plagued the 2025 Unified Tertiary Matriculation Examination (UTME) was not a sign of weakness, but rather a demonstration of accountability.

Oloyede’s remarks came in response to criticisms following the examination’s glitches, which affected candidate performance.

He acknowledged the errors, stating that “what should have been a moment of joy has changed due to one or two errors.” He noted that over 1.5 million candidates scored below 200 out of 400 marks, sparking concerns in the education sector.

Oloyede expressed disappointment that some individuals without knowledge of JAMB’s operations were publicly criticizing the board. He emphasized his commitment to accountability, citing his track record in educational advancement and examination conduct.

In thewords of the Registrar: “As chief executive of JAMB, I don’t really care where any of our staff comes from, all I know is that they have been doing their jobs for years.

“The emotional breakdown on my part was not a sign of weakness neither is it an excuse to adjudicate our responsibilities. Let us not decent to a level where some people begin to pontificate because some people want to take advantage of the situation on ground”.

The JAMB boss also paid tribute to a candidate who allegedly took their life due to the examination outcome, observing a minute of silence during the meeting.

He reiterated that the emotional toll he experienced was not an excuse, but a genuine response to the situation.

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Editorial

Pa clark lived for others, says Jonathan  Diri, Dickson, PANDEF, INC, IYC also  pay tributes …Urges  Bayelsa govt to Iimmortalise late Ijaw leader

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Late Pa Edwin Clark
By Our Correspondent
As the remains of Pa Edwin Clark was being laid to rest, Prominent Ijaw leaders, including former President Goodluck Jonathan, Bayelsa State Governor Senator Douye Diri, his predecessor Senator Seriake Dickson, and President of the Ijaw National Congress (INC), Prof. Benjamin Okaba, were among dignitaries who paid glowing tributes to the late elder statesman and Niger Delta icon.

Former President Goodluck Jonathan

Speaking at the lying in state and commendation service held Monday at Ijaw House in Yenagoa, Bayelsa State, Dr. Jonathan described Pa Clark as a man who lived selflessly in service to others and for a cause he passionately believed in.
Jonathan emphasized that the best way to honour Pa Clark’s legacy is for the Ijaw nation to remain united, transcending the divides of kingdom and clan.
“The key thing for us Ijaw people — from Arogbo in the coastal area of Ondo State to Eastern Obolo in Akwa Ibom — is to stay united and avoid discrimination among ourselves,” Jonathan said.
“Clark did remarkably well for the Niger Delta. He was not just a leader for the Ijaw people, but a voice for all the oppressed. People from the Middle Belt and other regions visited him even more than we, his people, did. He was fearless, outspoken, and stood firm on his beliefs.”

Gov Douye Diri of Bayelsa State

Governor Douye Diri described Pa Clark as a courageous, intelligent, and patriotic leader whose love for the Ijaw people and Nigeria defined his life.
“We are not mourning but celebrating the life of a great man,” Diri said. “Let us emulate his passion and unwavering dedication to the unity and development of the Ijaw nation.”
Diri announced that the Bayelsa State Executive Council had constituted a committee to consider naming major streets and structures after notable Ijaw figures — including Pa Clark, former President Jonathan, and Senator Dickson — as part of efforts to immortalise their legacies.
He also urged the Ijaw people to return to their communal roots and show genuine love beyond politics.
“We must remember the sacrifices of people like Pa Clark who fought for the creation of Bayelsa State,” he added.
Senator Seriake Dickson, representing Bayelsa West in the National Assembly, described Pa Clark as a revered national voice who lived his life in service to the people.
“The Ijaw nation has lost one of its finest. We pray that such a leader will rise again from among us,” Dickson said.
INC President, Prof. Benjamin Okaba, hailed the late elder statesman as a fearless advocate of justice, a defender of the oppressed, and a symbol of national unity whose influence reached far beyond regional lines.
“His death is a call to action — to continue the work of building a fair, united, and prosperous Nigeria,” Okaba said.
King Bubaraye Dakolo, Chairman of the Bayelsa State Council of Traditional Rulers, said Clark’s legacy would endure, not only among the Ijaw people but also across Nigeria.
He praised Pa Clark’s unwavering commitment to truth, justice, and equity, describing him as one of the boldest voices in the country.
PANDEF National Chairman, Dr. Godknows Igali, recounted Pa Clark’s final message to the Ijaw people: to remain united, resilient, and proud of their identity.
“He embodied the spirit of the Ijaw man and was never ashamed to declare it,” Igali noted.
The late elder statesman’s first son, Pinaowei Clark, read the only Bible passage of the event, from Ecclesiastes 3:1–6.

Also speaking, President of the Ijaw Youth Council (IYC), Comrade Jonathan Lokpobiri, praised Pa Clark as a visionary leader who inspired generations

of Ijaw youths.

Pa Edwin Clark passed away on February 17, 2025, at the age of 97.
Among dignitaries present at the ceremony were Bayelsa Deputy Governor Senator Lawrence Ewhrudjakpo, former Anambra State Governor and 2023 Labour Party presidential candidate Mr. Peter Obi, former First Lady Dame Patience Jonathan, Dr. Fred Agbedi of the House of Representatives (Sagbama-Ekeremor), state legislators, members of the Bayelsa State Executive Council, and other top
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