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Economy to Expand as Tinubu signs N54.99trn 2025 bill into law

The 2025 Appropriation Act represents a 99.96% increase from the 2024 budget of ₦27.5 trillion.

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President Bola Tinubu on Friday signed the N54.99 trillion appropriation into law.

Signing a country’s budget has significant impacts on the economy, governance, and citizens.

Here are some of the key effects:

Economic Impacts

1. Allocation of Resources: The budget allocates resources to various sectors, such as healthcare, education, infrastructure, and defense.

2. Fiscal Policy: The budget implements fiscal policy, influencing the overall level of economic activity, employment, and inflation.

3. Investment and Growth: A well-structured budget can attract investments, stimulate economic growth, and improve living standards.

4. Debt Management: The budget outlines debt management strategies, affecting the country’s credit rating and borrowing costs.

The signing ceremony took place on Friday at the Presidential Villa, Abuja, in the presence of the leadership of the National Assembly and other senior government officials.

The budget was passed by both chambers of the National Assembly on Thursday, February 13, after lawmakers increased it from the initial ₦49.7 trillion submitted by the President.

The 2025 Appropriation Act represents a 99.96% increase from the 2024 budget of ₦27.5 trillion.

The 2025 Budget breakdowns:

Total Expenditure: ₦54.99 trillion Statutory Transfers: ₦3.65 trillion Recurrent (Non-Debt) Expenditure: ₦13.64 trillion Capital Expenditure: ₦23.96 trillion. Debt Servicing: ₦14.32 trillion.Deficit-to-GDP Ratio: 1.52%.

This budget marks a significant fiscal expansion, with increased allocations for capital projects and debt servicing.

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I’m Proudly Nigerian, says Fashola

Former Lagos State Governor and immediate past Minister of Works, Babatunde Fashola, made the declaration on Tuesday in Abuja during his keynote address at the Nigeria Reputation Summit 2026, organised by the Nigerian Institute of Public Relations, where he spoke extensively on national identity, migration, patriotism and Nigeria’s global image.

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” I remain firmly Nigerian by choice, conviction and identity.”

Former Lagos State Governor and immediate past Minister of Works, Babatunde Fashola, made the declaration on Tuesday in Abuja during his keynote address at the Nigeria Reputation Summit 2026, organised by the Nigerian Institute of Public Relations, where he spoke extensively on national identity, migration, patriotism and Nigeria’s global image.

He stressed the need for Nigerians, at home and abroad, to take collective ownership of the country and its problems.

“I don’t think we own Nigeria enough. So, I heard some of our colleagues and our compatriots who, by virtue of the 1999 Constitution, have dual citizenships. But I have only one,” said Fashola.

“And when they talk to me, they say, your country. I say, stop. It’s our country. Your problem is our problem. There must be a common ownership on every platform. If we have common ownership, we will solve it. So, from my childhood experience, I tell people I’m not just a proud Nigerian, I’m an arrogant one. I’m arrogant about my country.“I tell people that I have not received one day’s education outside this country.

All my education was here. So, proudly made in Nigeria. Arrogantly, too. So everything, every inch that we think that we have lost, we can get back if we decide to,” he stated.

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Opral Benson is alive, safe and not missing – AREF , Family

AREF confirms that Mrs. Benson is currently in Liberia, her presence there is voluntary and known.

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The African Refugees Foundation (AREF) and family source said that its president, Opral Benson, popularly known as the Iya Oge of Lagos, is alive, safe and not missing.

Her family earlier said that the 90-year-old was last seen on January 13 and had not returned home since then.

However, a statement , titled, Dear Friends, RE: My Mum, signed by her daughter, Bimbo, confirmed that Benson was in Liberia.

Also, the chief executive officer of AREF, Olujimi Olusola III, Said that Benson is hale and hearty, and there is no cause for concern.“

AREF confirms that Mrs. Benson is currently in Liberia, her presence there is voluntary and known.

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Lagos urges residents to prepare for 64 days traffic from Lekki Phase 1–Ajah Bridge as reconstruction begins

The Special Adviser to the Governor on Infrastructure, Olufemi Daramola, said that the rehabilitation works on Sections 2 and 3 of the expressway will commence on Sunday, 25 January 2026, and last for an estimated 64 days.

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Sangotedo – Bogije section of Lekki -Epe expressway / Ohibaba.com

The Lagos State Government on Tuesday announced a 64-day traffic diversion for the reconstruction of the Ajah Bridge to Admiralty section (inbound Lagos) of the Lekki–Epe Expressway.

The Special Adviser to the Governor on Infrastructure, Olufemi Daramola, said that the rehabilitation works on Sections 2 and 3 of the expressway will commence on Sunday, 25 January 2026, and last for an estimated 64 days.

Daramola said that the project will follow a traffic management plan, with work carried out intersection by intersection rather than along the entire corridor at once.

Construction will be carried out both day and night to accelerate completion.

He explained that though a stakeholder meeting had been held late last year with plans to begin work, the project was postponed due to the yuletide festivities.

The festivities are over, and the state government has instructed the contractor to move to site to commence work on Sunday,” he said.

Intersections will be worked on at night to maintain better traffic flow.

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