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Tinubu jerks up proposed 2025 budget from N49.7trillion to N54.2trillion …As NASS promises to pass the budget before the end of February

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George Mgbeleke,Abuja

President Bola Tinubu has increased the proposed total budget size for 2025 from N49.7teillion he presented to the joint session of the National Assembly on December 18, 2024 to N54.2trillion .

President Tinubu announced an increase in the proposed budget size through separate letters forwarded to both the Senate and the House of Representatives .

The President in the letter read during plenary in the Senate by Senator Godswill Akpabio , said the increase arose from N1.4trilliion additional revenues made by the Federal Inland Revenue Service ( FIRS ) , N1.2trillion made by the Nigeria Customs Service , N1.8trilliion generated by some other Government Owned Agencies .

The President of the Senate consequently directed the request to the Senate Committee on Appropriations for expeditious consideration and declared that the budget consideration , would be concluded and passed before the end of this month.

President Tinubu’s letter to the President of the Senate on the breakdown of the additional revenue to the 2025 budget reads as follows,”I am writing to inform you of the availability of additional revenue amounting to N4,530,479,970,637 and to propose its allocation within the 2025 Appropriation Bill to enhance the budget’s responsiveness to the nation’s most pressing priorities and aspirations.

(1)Additional Revenue Breakdown:

This additional revenue, sourced from key agencies, represents a pivotal opportunity to address Nigeria’s critical challenges and advance its development agenda:

Government-Owned Enterprises (GOES): N1,823,879,970,637

Federal Inland Revenue Service (FIRS): N1,497,600,000,000

(2) Federal Government’s 52% share of the increase in revenue from N22.1 trillion to N25.1 trillion_

Nigerian Customs Service (NCS): N1,209,000,000,000

(Federal Government’s 52% share of the increase in revenue from N6.5 trillion to N9.0 trillion)

With this additional revenue, the 2025 Appropriation Bill’s total budget size will increase from N49.7 trillion to N54.2 trillion, demonstrating our commitment to inclusive growth and security.

(3) Proposed Allocation of Additional Revenue:

I propose that these funds be allocated to the following transformative expenditure areas:

i. Solid Minerals Sector-N1 trillion. To support economic diversification by unlocking the potential of Nigeria’s vast solid mineral resources, which remain an untapped revenue stream and a vital pillar of non-oil growth.

Re-capitalization of the Bank of Agriculture (BoA) N1.5 trillion: To transform Nigeria’s agricultural landscape, ensure food security, and empower small holder farmers and agribusinesses.

Re-capitalization of the Bank of Industry (Bol) N500 billion To provide critical support to small and medium enterprises (SMEs), drive local manufacturing, and reduce dependence on imports

iv Critical Infrastructure Projects (RHID Fund) – N1.5 trillion. Allocated as follows:

a Irrigation Development (through River Basin Development Authorities): N380 billion.

b. Transportation Infrastructure (roads and rail): N700 billion (300 billion for the construction and rehabilitation of critical roads and 400 billion for light rail network development in urban centers),

c. Border Communities Infrastructure: N50 billion,

d. Military Barracks Accommodation: N250 billion, and

e. Military Aviation: N120 billion.

(4) Justifications for Allocations:

i. Solid Minerals Sector – N1 trillion

a Economic Resilience: Reduces reliance on volatile oil sector by creating alternative revenue streams.

b. Regional Equity. Encourages development in resource-rich, underserved areas, boosting rural economies.

c. Value Addition: Supports processing and export of minerals, increasing foreign exchange earnings.

ii. Bank of Agriculture Recapitalization – N1.5 trillion

a. Food Security: Empowers smallholder farmers and agribusinesses, improving access to affordable credit.

b. Economic Growth: Enhances agricultural productivity and supports agro-industrial value chains.

c. Export Competitiveness: Promotes the export of high-value crops, reducing pressure on the Naira.

Bank of Industry Recapitalization – N500 billion

a. SME Empowerment. Provides affordable financing for innovation and entrepreneurship.

b. Job Creation: Drives industrial growth and supports local manufacturing, reducing unemployment

c. Revenue Growth: Expands the tax base through industrial expansion.

iv. Critical Infrastructure (RHID Fund) – N1.5 trillion

a. Irrigation Development: N380 billion will strengthen Nigeria’s capacity for year-round agricultural production, ensuring water security and boosting food supply.

b. Transportation Infrastructure: N700 billion will modernize Nigeria’s road and rail networks, reducing costs, enhancing connectivity, and supporting economic activity.

c. Border Communities Infrastructure: N50 billion will improve living standards and enhance the security of border regions, fostering stability and cross-border trade.

d. Military Barracks Accommodation: N250 billion will provide modern and expanded housing for personnel, boosting morale and operational readiness

e. Military Aviation: N120 billion will modernize Nigeria’s aviation capabilities, ensuring the military remains responsive to emerging security challenges.

(4). A Philosophical Case for Military Expenditure:

The foundation of a thriving nation lies in its ability to protect its citizens. No infrastructure, no innovation, and no progress can be enjoyed or sustained without security. The government has a constitutional obligation to secure lives and property, and military expenditure is not merely a fiscal decision-it is a moral imperative. By investing in our armed forces, we affirm our resolve to end terrorism, safeguard the dignity of our people, and create conditions for economic prosperity. This budget reflects not only our commitment to securing Nigeria today but to building a future where every citizen can live and thrive without fear.

)5)Broader Justification:

This allocation framework underscores the Administration’s dedication to fostering inclusive growth, addressing security challenges, and building resilience into Nigeria’s economic fabric. These investments will:

i. Promote Stability By addressing critical infrastructure deficits, especially in underserved regions, and strengthening national security

ii. Diversify Revenue: By investing in agriculture, solid minerals, and manufacturing. reducing over-reliance on oil revenues.

iii. Catalyze Economic Growth: By enhancing infrastructure, supporting SMEs, and unlocking Nigeria’s vast economic potential.

Tinubu finally requested the Senate for Integration of the additional revenue to the,2025 appropriation Bill.

“I urge the National Assembly to adopt and integrate these proposals into the 2025 Appropriation Bill, reflecting our shared commitment to national development. Kindly let me know if additional information or clarification is required,” he said.

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Business & Economy

Bank Charges:Reps C’ttee Gives Commercial Banks 4-Days Deadline to Submit Requested Documents on Deductions

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Speaker of the House of Representatives, Abbas Tajudeen,

By Our Correspondent

To guide against fraudulent practices in the nation’s financial institutions, an Ad-hoc Committee of the House of Representatives investigating deduction of taxes and sundry charges from civil and public servants earnings and multiple bank charges on customers account in Nigeria has given the commercial banks operating in Nigeria a 4-Day deadline to submit all requested documents on their charges

The House probe panel also insisted on the appearances of the Chief Executive Officers CEOs of these financial institutions at the investigative hearing and rejected representation of any bank CEO without authorization letter to the panel appropriately signed.

Chairman of the House Committee Hon. Kelechi Nwogu in a remark at the commencement of the House panel session on Tuesday in Abuja said that the House probe panel is mandated to ensure that all deductions of charges by banks on customers account must be fined rightly and used rightly.

He further stated that the House Committee had extended invitation to the Ministry of Finance, Office of the Accountant-General of the Federation OAGF, the Economic and Financial Crimes Commission EFCC and commercial banks operating in Nigeria on the investigation.

The House Committee members during the investigation said that the commercial banks are perpetrating illegality by deducting inexplicable charges from civil servants, public servants and other customers bank accounts without remittances.

The House Committee Chairman and some members who rejected representation of the CEOs of GT Bank, Zenith Bank, Access Bank and other commercial banks cannot hold waters as they insisted that they must appear before the panel unfailingly

He said: “You cannot appear here without an identity. We are not here on our own. We are here on the mandate of the people that elected us into parliament.

“We have resolved to meet next week Wednesday. You must submit all requested documents on or before Monday.

“We will go through all the documents and we will put you on oath”.

“It will not be well if we invite you here again and you tell us the same story. We have given a deadline that any bank that failed to submit the requested documents on Monday must be sanctioned”.

The House Committee Chairman said that the House panel is not leaving any stone unturned to unravel why the commercial banks engage in spurious decudctoon of charges on their customers account.

Other members of the panel notably Hon Chidi Mark Obeta,Hon. Engr Dominic Okafor,and other members while speaking in support at the hearing demanded that the bank chief executive officers must appear before the panel unfailingly.

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NDPA, Applauds Chief Ikenna Ukwa On His Humanitarian Gestures.

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Chief Ikenna Nicholas Ukwa

BY David Owei.

Niger Delta Progressive Alliance (NDPA) has felicitated with Chief Ikenna Nicholas Ukwa on the occasion of the Ikenna Ukwa Progressive Group Summit and Empowerement of Youths, Women and the Disabled in Arochukwu/Ohafia Federal Constituency on Sunday December 7, 2025.

The occasion, which took place at Ohafia Central School Playground, Elu Ohafia, provided an opportunity for Chief Ukwa, Senior Legislative Aide to the President of the Senate, to once again demonstrate his humanitarian and philanthropistic gesture to the people of his constituency.
Hundreds of youths, women and people living with disabilities were generously empowered with scholarships, skills acquisition training, business capital and other livelihood materials.

In its goodwill message the NDPA commended High Chief Ukwa on his social investment in his people describing it as a testament “of selflessness guided by humility and love for humanity”.

The message, signed by Ambassador Victor Ufoh, President General of NDPA said; “Certain moments in the chronology of a community transcend the ordinary passage of time, embedding themselves within collective consciousness with the gravitas of historical import. These are occasions when society collectively pauses, draws breath, and acknowledges that an occurrence of profound consequence has unfolded in its midst”.
Describing the occasion as one of such moments the NDPA said that it stood as precisely such a watershed moment. “Its significance derived not from theatrical display or calculated political spectacle, but from the substantive gathering of citizens at Ohafia Central School Playground, Elu Ohafia, who assembled to witness a deliberate and transformative act of communal elevation.”
“At the heart of this remarkable occasion stood Chief Dr Ikenna Nicolas Ukwa, Senior Legislative Aide to the President of the Senate, a distinguished leader who comprehends with crystalline clarity the authentic responsibilities they shoulder by virtue of humility and conscience.
“He addressed the assembly with the composed assurance characteristic of those who have discerned their fundamental purpose, projecting a conviction shaped and energized by the unwavering belief that genuine human advancement must be engineered through concrete, measurable intervention. His objective was unambiguous: to furnish the youth, women, and persons with disabilities with the competencies and resources capable of fundamentally redirecting the trajectory of their lives.

According to the group, the occasion was a chapter that found “its foundation in substantive empowerment rather than rhetorical flourish. Representatives from every ward within the constituency participated.

Each beneficiary was selected through meticulous deliberation. The animating principle was not to generate applause but to construct capacity and resilience”.
“To fully appreciate the magnitude of this moment requires examination of the patterns that preceded it. Ukwa’s philanthropic endeavours cannot be reduced to a sporadic collection of charitable gestures. His work has never announced itself through clamour or ostentatious display. Rathe, it constitutes a sustained tradition that has expanded methodically, incrementally, village by village and family by family, through actions that resonate far more powerfully than any declaration.

Across successive years, Ukwa has systematically transformed the physical and social landscape of Ohafia and Arochukwu through manifestly visible interventions”.
NDPA went further to catalogue Chief Ukwa’s interventions in the community; “He has installed solar-powered street illumination throughout rural communities. These installations accomplish far more than mere environmental lighting. They illuminate confidence, enhance security, and fundamentally alter the pattern of daily existence for families who have endured excessive periods shrouded in darkness and apprehension.

He has orchestrated comprehensive medical and ophthalmological outreach programs, visiting vulnerable households, supporting orphaned children, and delivering healthcare services where they remained desperately scarce.
He has championed educational advancement through the systematic distribution of academic materials to both pupils and educators. Chief Ikenna evidently recognizes that education functions as the subtle revolution capable of elevating populations from mere subsistence to visionary possibility.
Agricultural producers have received fertilizers during seasons when the soil proved particularly unforgiving. Women entrepreneurs have obtained support that stabilized their commercial enterprises. Medical interventions have reached remote villages and care facilities where assistance rarely penetrates. Even the Uzuakoli Leprosy Colony has experienced his compassionate attention.
Women and persons with disabilities have occupied not a peripheral position in his strategic vision but rather its very center. His empowerment initiatives acknowledge that these populations frequently stand at the threshold of opportunity rather than within it. By placing implements, capital, and professional training directly into their hands, he relocates them from the margins to the productive core of community life. These are not transient donations but rather invitations to reclaim autonomy and participate comprehensively in constructing more robust communities.
Yet what fundamentally distinguishes Ukwa extends beyond the inventory of accomplishments to encompass the very manner in which he conducts himself. What proves most striking about this leader is the elegant simplicity of his bearing. There exists no grandiosity in his self-presentation, no calculated effort to project an outsized persona. He carries himself as would a neighbour blessed with greater access who consciously elects to deploy those advantages for collective benefit”.

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Insecurity: CSO urges Govt, Stakeholders to provide needed help to PWDS

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By Joshua Kingsley Kenneth

For over two months Nigerians have been awashed with the threat by the United States President, Donald Trump, to send in troops into Nigeria, to identify and eliminate terrorists and so-called bandits killing citizens and sacking communities.

The statistics have dwelt largely on the gruesome killings of unarmed and innocent Nigerians in different parts of the country- from Benue to Taraba, Borno to Kogi States, just to list a few.

Not long ago the country again woke to a stark reminder of the abduction of school with 300 kidnapped from a Catholic school in Niger State, and another 24 taken hostage from Government Girls Comprehensive secondary school in Maga in Kebbi state.

Added to this horrendous list of insecurities and woes are the killings and abductions in Kwara State, and the general air of danger and fear that has gripped the country resulting in unquantifiable economic losses and a credibility crisis on the part of the federal government.

It therefore did not come as a surprise to many, especially victims of these dastardly attacks, when the United States through the activism of some of its lawmakers inspired President Trump to move against Nigeria, especially seeing that the federal government had failed in its primary responsibility of protecting lives and properties of citizens.

Whilst JOSHUA K B DISABILITIES RIGHTS AND SUPPORT INITIATIVES, a non-governmental organization committed to promoting the rights, welfare and wellbeing of Persons With Disabilities (PWDs) in the country joins the millions of well meaning and right thinking Nigerians and the international community in condemning the heinous and barbaric acts of killings, abductions and the insecurity engendered by terrorists, bandits, non-state actors, other criminals, their financiers and supporters whoever and wherever they may be, we call for urgent attention to Persons who may have been disabled by this phenomenon.

We call on the federal government, especially the Ministry of Humanitarian Affairs, National Emergency Management Agency, state governments, the armed forces and other intervention partners to urgently identify victim-PWDs from these crises and provide such interventions that would help them integrate into the economic and political lives of their immediate communities and the country at large.

We are convinced that such quick interventions would prevent a stage two crisis such as depression, low self esteem, poverty, and a host of other debilitating post crisis trauma that would further deteriorate their situations.

We also call on military authorities to provide meaningful economic, social, material and other forms of assistance and interventions to service men who are now members of the PWDs community following their sacrifices on the line of duty.

As an organisation focused on advancing the course of PWDs, JOSHUA K B DISABILITIES RIGHTS AND SUPPORT INITIATIVES uses this opportunity to sensitise relevant authorities, CSOs and other stakeholders that the various violent armed conflicts and attacks in the country has caused physical harms, leading to new disabilities or worsening existing conditions.

It has caused families to flee homes, lose livelihoods and resources, forced many, especially old and PWDs, into begging and extreme hardship.

JOSHUA K B DISABILITIES RIGHTS AND SUPPORT INITIATIVES also calls the attention of stakeholders to the struggle PWDs to escape danger due to inaccessible environments, making them targets for abuse, neglect, and exploitation during crises.

Systems and measures must be put in place to pull PWDs from severe neglect, discrimination, and lack of basic needs like food and healthcare which they face in camps and displaced.

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