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BREAKING: Reps pass amended 2024 budget of N35.055trn

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The House of Representatives recently made significant legislative strides concerning Nigeria’s fiscal and labor policies. Here’s a breakdown of the key developments:

  1. 2024 Appropriation Bill:
  • The House passed a bill to increase the 2024 Appropriation from N28.7 trillion to N35.055 trillion. This adjustment was made during the consideration and adoption of Clauses 1 to 13, based on the recommendation of the House Committee on Appropriation.
  • The breakdown of the proposed budget includes:
    • N1,742,786,788,150 for Statutory Transfers
    • N8,270,960,606,831 for Debt Service
    • N11,268,513,380,853 for Recurrent Expenditure
    • N13,773,275,994,384 for Capital Expenditure (Development Fund)
  1. Highlights of the Budget:
  • The budget aims to support critical infrastructure projects across Nigeria, including road and rail developments such as the Lagos-Calabar and Sokoto-Badagry road projects, as well as various rail lines.
  • It’s termed as a “budget of renewed hope” with a focus on funding legacy projects that are crucial for national development.
  1. National Minimum Wage Amendment:
  • The House also passed a bill to amend the National Minimum Wage Act 2019, proposing to increase the minimum wage from N30,000 to N70,000. This amendment also seeks to reduce the review period from five to three years.
  • The rationale behind the amendment is to address the rising cost of living and ensure that the minimum wage remains adequate for workers across Nigeria.
  1. Legislative Process:
  • Both bills passed through Third Reading after thorough consideration and debate in the House, indicating a significant step towards implementing key fiscal and labor reforms.

These legislative actions reflect the House of Representatives’ commitment to addressing economic challenges and supporting infrastructure development while ensuring the welfare of Nigerian workers through appropriate wage policies.

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Major Fire Engulfs Section of Computer Village in Ikeja, Lagos

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A devastating fire broke out at the bustling Computer Village market in Ikeja on Monday, January 19, 2026, raging through parts of the popular electronics and IT hub and continuing into the early hours of Tuesday morning.

The blaze, which reportedly started in the afternoon or evening of January 19, affected multiple shops and commercial buildings in the densely packed market known as West Africa’s largest hub for computers, smartphones, accessories, and related gadgets.

Thick smoke billowed over the area as flames consumed valuable stock, including electronics and other merchandise worth potentially millions of naira.

Firefighters from the Lagos State Fire and Rescue Service responded to the scene, working through the night to bring the inferno under control. By Tuesday morning, January 20, the fire had been largely contained or extinguished, though pockets of smoldering remained in some structures.

No immediate reports of casualties have emerged from the incident, but traders and shop owners are said to have suffered heavy losses, with destroyed goods, damaged infrastructure, and disrupted business operations.

The cause of the fire remains under investigation, with preliminary indications pointing to possible electrical faults—a common risk in the area’s overcrowded and often makeshift wiring setups—though officials have not yet confirmed this.

Computer Village, located in the heart of Ikeja, is a vital economic center employing thousands and serving customers from across Nigeria and beyond. Incidents like this highlight ongoing concerns about fire safety, building regulations, and emergency response in such high-density commercial zones.

Authorities, including the Lagos State Police Command and fire service, are expected to provide further updates as assessments of the damage continue and support measures for affected traders are discussed.

Traders have begun tallying losses, and calls for better prevention measures are already circulating among market associations.

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Governor Soludo Congratulates Chief Emeka Anyaoku on 93rd Birthday

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Anambra State Governor, Professor Chukwuma Charles Soludo, has extended warm congratulations to renowned diplomat and elder statesman Chief Emeka Anyaoku on the occasion of his 93rd birthday.

In a statement issued by his Press Secretary, Christian Aburime, on January 18, 2026, Governor Soludo described Chief Anyaoku as a towering figure in global diplomacy, a national treasure, and a source of immense pride for Anambra State and Nigeria.

The Governor hailed Chief Anyaoku’s distinguished service as the third Commonwealth Secretary-General, praising it as a model of international leadership, conflict resolution, and unwavering commitment to democracy, human rights, and sustainable development.

He noted that Chief Anyaoku has consistently represented the best of Nigerian values—wisdom, integrity, and dedication to the common good—on the world stage, while at home he continues to inspire through intellectual depth, principled leadership, and patriotic service.

Governor Soludo described the elder statesman’s counsel as an invaluable resource in the pursuit of a progressive Anambra State and a united Nigeria.

The Governor wished Chief Emeka Anyaoku continued good health, lasting fulfilment, and peace in the years ahead, celebrating not only his longevity but the enduring legacy he has built for Nigeria, Africa, and the global community.

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Anthony Joshua’s Driver to Face Trial, February 25 – Court

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A Nigerian court has adjourned the trial of Adeniyi Mobolaji Kayode, the driver of heavyweight boxer Anthony Joshua, to February 25, 2026, in connection with a fatal road accident that claimed two lives late last year.

The case, involving charges of dangerous driving causing death and related offences, was heard at the Sagamu Magistrates’ Court in Ogun State.

Reports indicate the adjournment followed today’s proceedings, where the trial was set to begin.Kayode, 46, faces four counts, including causing death by dangerous driving, reckless and negligent driving, driving without due care and attention, and driving without a valid licence.

The charges stem from the December 2025 crash on the Lagos-Ibadan Expressway, where the Lexus SUV he was driving carrying Joshua as a passenger collided with a stationary truck.

The incident resulted in the deaths of two members of Joshua’s training team, Sina Ghami and Latif Ayodele.

Joshua and Kayode sustained minor injuries and were later released from hospital care.

Police investigations attributed the crash to excessive speed and wrongful overtaking. Kayode was arraigned earlier this month and has pleaded not guilty to the charges. He was previously granted bail.

The high-profile case continues to draw attention, with the next court date now scheduled for February 25.

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