News
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.

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.
News
‘Band A’ community in Lagos experience Blackout for three-months

…Begs IKEDC to fix faulty transformer
Residents and business owners on six streets — Raji Oba, Awoyemi, Folarin, Ajala, Olonade and Akinshola — in Alimosho area of Lagos State have decried the over three months’ power outage.
Frustrated by the prolonged blackout caused by a faulty transformer supplying power to the area, the residents took to social media asking the Ikeja Distribution Company to fix their faulty transformer.
According to them, the power outage which started since second week of March 2025 is crippling businesses and severely impacting the quality of life in the community.
The residents called on Ikeja Electricity Distribution Company (IKEDC) to urgently look into situation and address the prolonged power outage by fixing the faulty transformer in the area.
It was gathered that the six streets are categorised under the Band A, and ought to enjoy 20 to 24 hours of power supply daily.
However, these consumers complained that this has not been the case for over three months since the transformer was taken away.
They added that the prolonged lack of supply of electricity has made them vulnerable to attacks from marauders who operate under the cover of darkness.
One of the residents, Micheal, said the lack of power supply had worsened commercial activities in the community, adding that access to water resources had also been affected.
Michael said: “So, we are pleading as a community, as one, for Ikeja Electric and the appropriate authorities to listen to our cries to save our communities.
Olonade-Akinsola and other streets have always been a good community and we want it to remain like this.”
“We have been struggling in darkness,” another resident, who identified herself as Mama Chioma, said.
“We have been in total blackout for over three months, crippling businesses. We are pleading with IKEDC to urgently address this,” she further pleaded.
In a letter dated March 16 and addressed to IKEDC by the Olonade-Akinsola community titled: ‘Urgent request for Band A intervention on prolonged power outage in our community’, it noted that several efforts and reports have been made to IKEDC’s customer service and local office, but the situation remains unresolved.
“The power failure has severely impacted our daily activities, businesses, healthcare services and overall well-being in these six streets.
“We are yet to receive a clear response regarding an estimated time for restoration.
The continuous blackout has caused significant discomfort, economic losses, security concerns within our community.
“In the light of the above, we respectfully request urgent intervention and directive to the appropriate department to expedite the resolution of this issue,” the letter read in part.
The community further called on the Federal Competition and Consumer Protection Commission (FCCPC) and Nigerian Electricity Regulatory Commission (NERC) to urgently intervene in the situation.
Source: Tribune
News
Yelewata killings: We won’t rest until Benue is peaceful and secure – SGF Akume

The pain is raw. The sorrow is deep.
Senator Dr George Akume, Secretary to the Government of the Federation , arrived his homestead – Benue, and shares on his X:
” I returned home, ahead of @officialABAT ’s condolence visit to Benue, weighed down by the grief of the Yelewata killings.
I was at the sites of the attack, met survivors who spoke through tears, & visited those fighting for their lives at BSUTH.
The pain is raw. The sorrow is deep.

I brought Mr. President’s heartfelt condolences to the people & the FG’s commitment to end this pogrom.
But I also bring my personal vow too- I will not abandon my own.
I will stand with you- and we will not rest till our homesteads are secure & peace returns to our lands.

At the Market IDP camp, I met families still reeling from loss — displaced, grieving, and living in difficult conditions. Their resilience moved me deeply.
This crisis has gone on too long. No one deserves to live in fear or uncertainty in their own homeland.This really hurts.”

∆ Ohibaba.com
News
JUST IN: Heavy Flood Causes Traffic on Makurdi-Abuja Road Ahead of Tinubu’s Arrival (Photos)

Few hours before President Bola Ahmed Tinubu’s scheduled visit to Benue State, the Makurdi–Lafia–Abuja road has been rendered impassable due to heavy flooding.

It was observed that intense floodwater has overtaken the highway, leaving motorists and passengers stranded.

The affected route, a major corridor into Makurdi, has forced commuters to either postpone their journeys or seek shelter in safer areas.

The timing of the flood has raised concerns as it coincides with heightened security and logistical movements in preparation for the President’s one-day visit to commiserate with the people of Benue over the recent massacre in Yelewata.
More to come…..
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