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2025 Budget : Senate Okays N54.9tri ….N4.9 trillion was generated internally  .. Capital Expenditure takes lion share of N23,96trillion

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Senate chamber
By  George Mgbeleke,Abuja
The Senate on Thursday authorized the issuance  of the sum of N45.9trillion from the consolidated revenue to service the 2025  fiscal year.
Recall that President Bola Ahmed Tinubu on December 18,2024 presented the sum of N49.7trillion to the joint session of the National Assembly for legislative consideration and approval.
The Senate on December 19, 2024 after subjecting the Bill to second reading after allowing members to debate on the appropriation Bill committed same to sub-committees for budget defence

President Bola Ahmed Tinubu

Senate committee on Appropriation  chaired by Senator Solomon Adeola presented his committee report to the Senate for consideration at the committee on Supply chaired the President of the Senate, Godswill Akpabio and after clause by clause consideration of the Appropriation Bill the upper chamber resolved as follows:
The highlights of the 2025 budget estimate are as follows:
a I. Aggregate Expenditure-
 N54,990,165,355,396 I.
 b.Statutory Transfers-N 3,645,761 ,358,925
 lll. Recurrent Expenditure- N13,064,009,682,673
 IV. Capital Expenditure-N23,963,251 ,624,250
V. Debt Servicing -N14,317,142,689,548 Vi.
 Fiscal Deficit -N13.08 Trillion
Vil. Deficit/GDP 1.52%
Giving insight into revenue sources that beefed up the internally generated revenue that jerked up 2025 budget to N54.9trillion, Senator Adeola said,”
After the series of meetings held, the Committee on Finance in conjunction with our Committee sourced additional revenue from some revenue generating
Agencies, detailed below:
i. Government-Owned Enterprises (GOEs)
N1,823, 879, 970, 637
ii. Federal Inland Revenue Service (FIRS): #41,497,600,000,000 (Federal Government’s 52% share of the increase in revenue from N22.1 trillion to N825.1
trillion after the deduction of cost of collection).
Nigerian Customs Service (NCS): &41,209,000,000,000 (Federal Government’s share of the increase in
revenue from &6.5 trillion to 9.0 trillion after the deduction of cost of collection).
The total sum of N4,530,479,637 additional revenue realised from the above effort was communicated to
the Executive who applied the funds to address critical challenges and advance the Governments development as follows:
Solid Minerals Sector — $41 trillion only. Re Capitalization of the Bank of Agriculture (BoA) 41.5 trillion only. R-Capitalization of Bank of Industry (Bol) 500 billion only: and iv. Critical Infrastructure Projects (RHID Fund) – 1.5 trillion only to cater for: a.lrigation Development (Through River Basin Development Authorities): 4380 billion
b. Transportation Infrastructure (roads & Rail): &700 billion (8300 Billion for construction & rehabilitation of critical roads and 4400 billion for light rail network development in urban centres. c.Border Communities also got the sum of: 50billion.
d. Military Barracks Accommodation got the sum of #4250 billion.
e. Military Aviation &4120 billion.
The Joint Committee also discussed issues arising from excess of the details of the budget over the bill to the tune of 270 billion.
Shading light on the break down of the 4.5 trillion revenue that was sourced along the line Senator Adeola explained that President Tinubu in his  usual tradition,” took proactive steps to address the issue of suspension of the United States Agency that you said, as you are all aware, that the government of Donald Trump recently suspended any further action of this particular donor agency which primarily deals with donation to the health sector.
“And by that similar action, that shows that patients, especially in Nigeria, who are beneficiary of these donor agencies, who are suffering from tuberculosis, from HIV, from polio, and also malaria, which donor agencies have been giving out all these drugs and everything, there will be no supplies.
 “So in his proactive step, the president made available the sum of $200 million, which is equivalent to around N300 billion for this particular purpose, so that we can also take a proactive measure, because countries like Uganda and other African nations, who solely depend on these said agencies that have been suspended, is now suffering from these actions of President Donald Trump.
 “And aside that, other agencies of the government, including the INEC, the EFCC, the NFIU, the DGSS, the SSS, the Ministry of Petroleum Resources, the NJC, and other important agencies of the government that came up with genuine arguments for additional funding, were duly considered.
“All these and more are what was done in the current budget that was passed. And if you also observe that this year, there is a quantum leap in the capital expenditure.”
He noted that prior to the 4.9 trillion, added to initial  N45.9trillion presented by President Tinubu, National Assembly in the course of appropriation added N7 trillion naira to the existing 49.7 and that was as a result of one increase in revenue bringing the budget to N54.9trllion for 2025 fiscal year.

Business & Economy

*HallowMace Foundation and Partners Unveil Final Three Nominees Per Geo-Political Zone for 2026 National Legislative Award, Announces Final Voting Stage*

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ABUJA, April 16, 2026, The HallowMace Foundation and Partners have officially released the final list of the last three outstanding nominees per Nigeria’s six geo-political zones for the upcoming National Legislative Award, scheduled to take place in July 2026.

After a rigorous selection process incorporating input from Nigerian citizens and the National Assembly Press Corps, the Foundation and Partners finalized the roster of distinguished Senators and House of Representatives members who have demonstrated exceptional legislative performance.

The nominees are grouped by geo-political zone as follows:

*SOUTH EAST*

*Senate*
Sen. Enyinnaya Abariba
Sen. Victor Umeh
Sen. Osita Izunaso

*House of Reps*
Hon. Benjamin Kalu
Hon. Dominic Okafor
Hon. Chike Okafor

*SOUTH SOUTH*

*Senate*
Sen. Seriake Dickson
Sen. Adams Oshiomole
Sen. Asuquo Ekpenyong

*House of Reps*
Hon. Frederick Agbedi
Hon. Francis Waive
Hon. Inombek Awaji-Abiante

*SOUTH WEST*

*Senate*
Sen. Opeyemi Bamidele
Sen. Solomon Olamilekan
Sen. Abdulfattah Buhari

*House of Reps*
Hon. Akin Rotimi
Hon. Babajimi Benson
Hon. Oluwole Oke

*NORTH CENTRAL*

*Senate*
Sen. Sani Musa
Sen. Natasha Akpoti-Uduanghan
Sen. Aliyu Wadada

*House of Reps*
Hon. Terseer Ugbor
Hon. Saidu Musa Abdullahi
Hon. Jonathan G. Gaza

*NORTH EAST*

*Senate*
Sen. Abdul Ninji
Sen. Muhammed Monguno
Sen. Muhammed Danjuma Goje

*House of Reps*
Hon. Laori K. Bitrus
Hon. Ahmadu Usman Jaha
Hon. Bello Usman Kumo

*NORTH WEST*

*Senate*
Sen. Hussaini Babangida Uba
Sen. Sunday Katung
Sen. Aminu Waziri Tambuwal

*House of Reps*
Hon. Hassan Fulata
Hon. Abdussamad Dasuki
Hon. Sada Soli

According to the Organisers, these nominees represent the *“last three”* standing per zone following extensive voting by Nigerian public and legislative correspondents. They have been recognized for their outstanding contributions to lawmaking, oversight, and constituency representation.

*Voting For The Next Stage Now Open*
The HallowMace Foundation and Partners hereby announce that voting for the final selection stage has commenced effective today, April 16, 2026. In this crucial phase, members of the public are invited to vote to select one Senator and one House of Representatives member per geo-political zone from the list of final nominees.

Email: thenationallegislativeawards@gmail.com

This stage of voting shall close on the last day of April 2026 (April 30, 2026) . Winners will be determined by a combination of public votes and final validation by the National Assembly Press Corps.

The National Legislative Award ceremony is set to hold in July 2026, where the final winners will be unveiled and celebrated for their dedication to the Nigerian project.

*About HallowMace Foundation*
The HallowMace Foundation is a non-partisan organization committed to promoting legislative excellence and accountability across Nigeria.

*Signed:*

Amb. Oguh Hyginus John
*Head, Public Communications Desk*
The National Legislative Awards Planning Committee

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Business & Economy

PPP Business Model Responsible for Success of NLNG -Fubara *Pledges Continued support for Corporate Organizations operating in Rivers State

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Rivers state governor Siminalayi Fubara(right) New CEO of the NLNG, Mr Adeleye Falade(left)

By George Mgbeleke

Governor of Rivers State, His Excellency, Sir Siminalayi Fubara has attributed the success of the Nigeria Liquified Natural Gas ( NLNG) Limited to the Public Private Partnership ( PPP) business model adopted by the Federal Government and the multinational oil companies from the inception of the organisation.

Governor Fubara stated this while receiving the new Managing Director and Chief Executive Officer of the NLNG, Mr Adeleye Falade who paid him a courtesy visit at Government House, Port Harcourt.
The NLNG is jointly owned by Nigerian National Petroleum Corporation (NNPC) with 49%, Shell Gas B.V. with 25.6%, Total LNG Nigeria Ltd with 15%, and Eni International with 10.4%.This partnership model allows for shared risks, costs, and expertise in the LNG sector.


L to R: Miss Homa Nmegbu, Govt. Relations Advisor; Abdul Saleh, Technical Adviser to Exexutive Management; Dr Yemi Adeyemi, Manager Community Relations; Abdul Umar, Manager, Government Relations; Engr Adeleye Falade, MD/CEO, Governor of Rivers State, His Excellency, Siminalayi Fubara; Dr Sophia Horsfall, GM, External Relations & Sustainable Development; Mike Igoni, Head, Govt Relations; Ifeanyi Umeh, Head Community Engagement & Liaison, Kate Allison, Senior Govt Relations Advisor and Emma Nwatu, Senior Media Advisor, in a group photograph during the courtesy visit on Wednesday.

In a statement by his Chief Press Secretary,Onwuka Nzeshi, governor Fubara observed that the NLNG has not only survived the difficult business environment but has made sustained progress in the nearly three decades of its existence. According to him, the decision of the Federal Government to allow the multinational oil companies who have the needed expertise to run the establishment while government plays a supervisory role over it, has largely been responsible for its success.

” I’m very proud to say that if there is one establishment that has shown resilience, that has survived in the face of all the political issues prevalent in this country, it is the NLNG. And what is the reason? The reason is very simple. Government has no business in business. That is the truth. Leave the business for those people who can operate it. Let the government play its supervisory role to ensure that there is compliance with the laws; ensure that standards are maintained and also ensure that the right people with the needed expertise are at the helm of affairs. That’s all. I think that is the reason why we still record a lot of successes in NLNG,” he said.

Governor Fubara pledged the continued support of his administration for the NLNG, stressing that the success of the organisation is equally the success of the government of Rivers State and the success of the Federal Government of Nigeria. He gave assurance that his administration will continue to contribute it’s own quota in support of the NLNG.

“Our duty is to make sure that we support whoever is operating in our state. We are the ones here. If we don’t support you and you don’t succeed, we also will not succeed and Mr President will also not succeed.
“So the success of your establishment is the success of our state, and overall success of Nigeria. So you can count on our support. Wherever you think we need to come in to support you, please do not hesitate to call upon us.
“You just mentioned here that your predecessor left a handover note showcasing the level of support that he got from the state. It is not going to be different in your own case. I can assure you that. I will also ensure that other units of the government will liaise with you when necessary. So even if you can’t get to me, you can always get to them and if there is anything we can do to help your establishment succeed, we will do it for you,” he said.

In his opening remark, the new CEO of the NLNG, Mr Adeleye Falade who led other top officials of the company on the visit, expressed appreciation for the audience granted them and appealed to the Government of Rivers State to continue to support the organisation.

” We appreciate the opportunity to meet with you and deepen this important relationship.We deeply value the support the Rivers State Government continues to extend in fostering an enabling operating environment for businesses. NLNG remains deliberate in its contribution to Nigeria’s development, and Rivers State, our primary host, continues to be central to that commitment,” he said.
The company, Falade said, has continued to work with its host communities to strengthen their capacity to identify, prioritise, and deliver sustainable development initiatives that create lasting impact. According to him
communities including Amadi-ama, Abua, Ekpeye, Okrika, Kalabari, and Emohua have continued to benefit from this model. He said that beyond community infrastructure, the NLNG have sustained investments in economic empowerment through initiatives such as Vocational Innovation and Business Empowerment Scheme (VIBES) and Micro Small and Medium Enterprise (MSME) schemes. These, he said, were designed to support small businesses, build capacity, and stimulate local enterprise across the state.
Among officials of the company who accompanied the Managing Director where General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall; Manager, Government Relations, Mr Abdul Umar; Manager, Community Relations; Dr Yemi Adeyemi; Head of Government Relations, Mr Mike Igoni; Head of Community Liaison and Engagement, Chief Ifeanyi Umeh. Others are Technical Assistant to Executive Leadership, Mr Hassan Saleh; Senior Media and Publicity Advisor, Mr Emma Nwatu; Government Relations Advisor, Miss Homa Nmegbu, Senior Government Relations Advisor, Mrs Kate Allison and Audio -Visual Advisor, Mr Dawood Ahmed.

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Business & Economy

*HallowMace Africa and Partners Announce First Stage Results For July 2026 National Legislative Awards*

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*Abuja, Nigeria, April 1st, 2026.* HallowMace Africa, a leading media and advocacy organisation dedicated to promoting legislative accountability and excellence, has officially released the results of the first stage of voting for its highly anticipated July 2026 National Legislative Awards.

Following an intensive initial voting phase, Nigerians, in collaboration with the National Assembly Press Corps, have successfully nominated a distinguished list of Senators and Members of the House of Representatives. These nominees represent the pinnacle of legislative performance across the nation’s six geo-political zones and the Federal Capital Territory.

The first stage of voting saw robust participation from citizens and accredited press corps members, who evaluated lawmakers based on legislative impact, constituency representation, and public service delivery.

*List Of Outstanding Nominees By Geo-Political Zone:*

*SOUTH EAST*

*Abia:* Sen. Enyinnaya Abariba (Senate); Hon. Benjamin Kalu (Reps)

*Anambra:* Sen. Victor Umeh (Senate); Hon. Dominic Okafor (Reps)

*Ebonyi:* Sen. Peter Nwaebonyi (Senate); Hon. Nkemkanma Kama (Reps)

*Enugu:* Sen. Osita Ngwu (Senate); Hon. John Nnolim (Reps)

*Imo:* Sen. Osita Izunaso (Senate); Hon. Chike Okafor (Reps)

*SOUTH SOUTH*

*Akwa Ibom:* Sen. Godswill Akpabio (Senate); Hon. Patrick Umoh-Ikor (Reps)

*Bayelsa:* Sen. Seriake Dickson (Senate); Hon. Frederick Agbedi (Reps)

*Delta:* Sen. Ned Nwoko (Senate); Hon. Francis Waive (Reps)

*Edo:* Sen. Adams Oshiomole (Senate); Hon. Julius Ihonvbere (Reps)

*Cross River:* Sen. Asuquo Elpenyong (Senate); Hon. Michael Etaba (Reps)

*Rivers:* Sen. Harry Banigo (Senate); Hon. Inombek Awaji-Abiante (Reps)

*SOUTH WEST*

*Ekiti:* Sen. Opeyemi Bamidele (Senate); Hon. Akor Rotimi (Reps)

*Lagos:* Sen. Adetokunbo Abiru (Senate); Hon. Babajimi Benson (Reps)

*Ogun:* Sen. Solomon Olamilekan (Senate); Hon. Isiaka Ibrahim (Reps)

*Ondo:* Sen. Emmanuel Ipimsagba Olajide (Senate); Hon. Donald Ojogo (Reps)

*Osun:* Sen. Francis Adenigba Fadaunsi (Senate); Hon. Oluwole Oke (Reps)

*Oyo:* Sen. Abdulfattah Buhari (Senate); Hon. Tolulope Akande-Sadipe (Reps)

*NORTH CENTRAL*

*Kwara:* Sen. Saliu Mustapha (Senate); Hon. Muktar Shagaya (Reps)

*Benue:* Sen. Abba Moro (Senate); Hon. Terseer Ugbor (Reps)

*Niger:* Sen. Sani Musa (Senate); Hon. Saidu Musa Abdullahi (Reps)

*Kogi:* Sen. Natasha Akpoti-Uduanghan (Senate); Hon. Leke Abejide (Reps)

*Nasarawa:* Sen. Aliyu Wadada (Senate); Hon. Jonathan G. Gaza (Reps)

*Plateau:* Sen. Diket Plang (Senate); Hon. Yusuf Adamu Gagdi (Reps)

*NORTH EAST*

*Adamawa:* Sen. Abass Aminu Iya (Senate); Hon. Laori K. Bitrus (Reps)

*Bauchi:* Sen. Abdul Ninji (Senate); Hon. Manu Soro Mansur (Reps)

*Borno:* Sen. Muhammed Monguno (Senate); Hon. Ahmadu Usman Jaha (Reps)

*Gombe:* Sen. Muhammed Danjuma Goje (Senate); Hon. Bello Usman Kumo (Reps)

*Taraba:* Sen. David Jumkuta (Senate); Hon. Jaafara Yakubu (Reps)

*Yobe:* Sen. Ahmad Lawan (Senate); Hon. Khadija Bukar Abba-Ibrahim (Reps)

*NORTH WEST*

*Jigawa:* Sen. Hussaini Babangida Uba (Senate); Hon. Hassan Fulata (Reps)

*Kaduna:* Sen. Sunday Katung (Senate); Hon. Shehu Agilo (Reps)

*Kano:* Sen. Jubil Barau (Senate); Hon. Aliyu Madaki (Reps)

*Katsina:* Sen. Abdulazeez Musa Yar’Adua (Senate); Hon. Sada Soli (Reps)

*Kebbi:* Sen. Yahaya Abdullahi (Senate); Hon. Bello Kaoje (Reps)

*Sokoto:* Sen. Amimu Waziri Tambuwal (Senate); Hon. Abdussamad Dasuki (Reps)

*Zamfara:* Sen. Bilbis Aliyu Ikra (Senate); Hon. Aminu Sani Jaji (Reps)

*FEDERAL CAPITAL TERRITORY*

*FCT:* Sen. Ireti Kingibe (Senate); Hon. Ajiya Abdulrahman (Reps)

*Next Stage of Voting*
With the first stage concluded, the competition now enters a critical phase. The goal is to identify one Most Outstanding Senator and one Most Outstanding House of Representatives member per geo-political zone.

In the upcoming second stage, the current list of nominees will be narrowed down to a final three (3) nominees per zone. These top three finalists will then advance to the final voting stage, where the ultimate winner for each geo-political zone will be determined.

*“The massive participation we witnessed in the first stage is a testament to the growing interest of Nigerians in legislative accountability,” said Amb. Anderson Osiebe, Executive Director, HallowMace Africa. “As we proceed to the next stage, we urge the public to remain engaged. We are committed to a transparent process that celebrates the lawmakers who truly exemplify service to the people.”*

*Voting links and timelines for the next stage is as follows:*
thenationallegislativeawards@gmail.com

The voting commences immediately using the above email, *also this voting timeline shall expire on the 14th day of April 2026 by 11:59pm.*

The National Legislative Awards 2026 is Powered by HallowMace Africa in partnership with International Goodwill Ambassador Club, ERGAF Africa, Isabella Ayuk Foundation and many others.

*About HallowMace Africa*
HallowMace Africa is a non-governmental organization focused on promoting democratic values, legislative excellence, and civic engagement across the African continent.

*Media Contact:*
Amb. Oguh Hyginus John
*Head of Public Communications Desk*
HallowMace Africa

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