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Updates on ₦54.99tn 2025 Budget Rise

A significant portion, ₦14.317 trillion, is allocated to debt servicing, reflecting Nigeria’s ongoing fiscal obligations.

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The House of Representatives, on Thursday, passed the ₦54.99 trillion 2025 Appropriation Bill.

Last week, President Bola Tinubu raised the proposed 2025 budget from ₦49.7 trillion to ₦54.2 trillion, seeking legislative approval.

The presidency says the ₦54.99 trillion budget is structured to address key national financial commitments.

Statutory transfers account for ₦3.645 trillion, ensuring funding for constitutionally mandated entities.

A significant portion, ₦14.317 trillion, is allocated to debt servicing, reflecting Nigeria’s ongoing fiscal obligations.

Recurrent expenditure, covering salaries, overheads, and government operations, takes up ₦13.64 trillion, while the highest allocation, ₦23.963 trillion, is earmarked for capital projects under the development fund, aimed at infrastructure growth and economic expansion.

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EKEDC: Prepare for 4-day maintenance outage

The Eko Electricity Distribution Company (EKEDC) in a customer notice on Friday, said the outage will take place from Monday, July 28, to Thursday, August 21, 2025, running daily from 8:00 a.m. to 5:00 p.m.

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The Transmission Company of Nigeria (TCN) will embark on a planned maintenance operation that is expected to last four days.

The Eko Electricity Distribution Company (EKEDC) in a customer notice on Friday, said the outage will take place from Monday, July 28, to Thursday, August 21, 2025, running daily from 8:00 a.m. to 5:00 p.m.

The company explained that the disruption is necessary to allow TCN to carry out critical maintenance works on the Omotosho – Ikeja West 330kV power line.

The repair activity is expected to lead to intermittent power outages and load shedding across EKEDC’s distribution network, which covers key areas of Lagos.

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Senate Goes on Break Until September 23

“Standing and ad hoc committees must use the two-month break effectively to conclude their assignments for legislative consideration and adoption upon resumption,” Senator Akpabio stated.

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The Senate has adjourned plenary activities until 23 September 2025.

The adjournment followed a motion moved by the Senate Leader, Senator Opeyemi Bamidele, after a closed-door executive session that lasted over an hour.

President of the Senate, Senator Godswill Akpabio, explained before the motion was seconded by Minority Leader, Senator Abba Moro (PDP–Benue), that the break marks the end of the current legislative year.

He clarified that plenary was merely suspended and directed all ad hoc and standing committees to conclude work on pending reports ahead of resumption.

“Standing and ad hoc committees must use the two-month break effectively to conclude their assignments for legislative consideration and adoption upon resumption,” Senator Akpabio stated.

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Lagos Ranks Among World’s 20 Best Cities for Nightlife

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In response to the report, Lagos State Commissioner for Information and Strategy, Gbenga Omotoso, said the ranking is a reflection of the working security infrastructure in the state.

Time Out Magazine has named Lagos one of the world’s best nightlife cities, clinching the 14th spot globally and placing second in Africa, just behind Cape Town, South Africa.

The ranking was revealed in a recent report by Time Out Magazine, which surveyed thousands of city dwellers and consulted nightlife experts to compile its list of top nightlife destinations around the globe.

In the report, 79% of Lagos residents rated the city’s nightlife positively.

Lagos outperformed other prominent African cities including Cairo, Egypt, and Marrakech, Morocco, which took the 15th and 19th spots globally, respectively.

Time Out noted that Lagos’ nightlife has evolved from high-end lounges to more inclusive underground rave scenes, highlighting spots like SweatItOutLagos and Our Group Therapy as key to the city’s buzzing nightlife culture.

In response to the report, Lagos State Commissioner for Information and Strategy, Gbenga Omotoso, said the ranking is a reflection of the working security infrastructure in the state.

“It shows that the security architecture put in place by Governor Babajide Sanwo-Olu is working.

It speaks to the number of tourists who pour into Lagos daily and the success of the last Detty December,” he stated.

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