Connect with us

News

Highlights of 2025 Budget President Tinubu Presents to National Assembly

Published

on

157 Views

President Bola Tinubu on Wednesday presented the N47.9 trillion 2025 budget proposal before the joint session of the National Assembly.

Here are the highlights of the budget christened, “Budget of Restoration: Securing Peace, Rebuilding Prosperity” :

▪︎ The sum of N4.91 trillion for the defence and security sector in the fiscal year

▪︎The Defence and Security is closely followed by infrastructure with the sum of N4.06 trillion proposed

▪︎The sum of N2.48 trillion is allocated for the Health sector

▪︎The sum of N3.52 trillion was earmarked for the Education sector.

President Tinubu noted that the budget strikes at the very core of his Renewed Hope Agenda and demonstrated his government’s commitment to stabilising the economy, improving lives, and repositioning the country for greater performance.

The President added that the 2025 budget proposal again reinforces his administration’s roadmap to secure peace, prosperity, and hope for a greater future for our beloved nation.

He explained that the journey of economic renewal and institutional development, which commenced 18 months ago as a nation, was very much underway.

Tinubu noted that while it wasn’t a journey the country chose, his government had to embark on it for Nigeria to have a real chance at greatness.

He said: “The road of reforms is now clearly upon us, and as the President of this blessed nation, I know this less-travelled road has not been easy.

That there have been difficulties and sacrifices. They will not be in vain. And we must keep faith in the process to arrive at our collectively desired destination.

“We must build on the progress we have made in the past eighteen months in restructuring our economy and ensuring it is strong enough to withstand the headwinds of any future shocks of the global downturn.”

The President assured that the 2025 budget will boost human capital development, increase the volume of trade and investments, bolster oil and gas production, get manufacturing sector humming again and ultimately increase the competitiveness of our economy.

Tinubu stressed that his government does not intend to depart from this critical path to strengthen the Nigerian economy, saying just as he believes in the resilience of the economy to withstand the current challenges.

He emphasised that the objective of his government was to further stimulate the economy through the implementation of targeted fiscal stimulus packages through public expenditures and specific non-inflationary spending.

The President said the reforms his government instituted are beginning to yield results, adding that Nigerians would soon experience a better and more functional economy.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

BREAKING: Tinubu swears in Amupitan as new INEC Chair

Published

on

27 Views

President Bola Tinubu has officially sworn in Professor Joash Amupitan as the new Chairman of the Independent National Electoral Commission (INEC). The ceremony followed the Senate’s confirmation of Amupitan’s appointment last week after a rigorous screening session on October 16.

At the swearing-in, President Tinubu tasked Amupitan with safeguarding the integrity of Nigeria’s elections and strengthening INEC’s institutional capacity.

“As the chairman of INEC, your nomination and confirmation reflect the confidence reposed in you by both the executive and legislative arms of government. This marks the start of a challenging yet rewarding journey, and I trust you will approach your duties with integrity, dedication, and patriotism,” Tinubu said.

Highlighting Nigeria’s democratic progress over 25 years, the President emphasized the need for continuous innovation and reform to maintain free, fair, and credible elections. He urged Amupitan to ensure transparency and public trust throughout the entire electoral process—from voter registration and campaigning to voting and counting.

Amupitan, a professor of law and Senior Advocate of Nigeria (SAN), arrived at the State House on Thursday dressed in traditional white agbada and gold cap ahead of the formal ceremony. He was accompanied by presidential aides.

During his Senate screening, the 58-year-old nominee pledged to restore credibility to Nigeria’s electoral process by prioritizing reforms, including strengthening the Electoral Act to resolve inconsistencies in election timelines and enhance transparency.

“We must conduct elections where even the loser congratulates the winner fairly,” Amupitan told senators, emphasizing the need to rebuild voter confidence.

He also clarified his neutrality by denying any involvement in President Tinubu’s legal team during the 2023 Presidential Election Petitions Court, stating, “I never appeared before the Presidential Election Tribunal or the Supreme Court for any party.”

Amupitan succeeds Professor Mahmood Yakubu as the sixth substantive INEC chairman since the commission’s establishment. He is expected to immediately begin the transition process at INEC headquarters in Abuja following his swearing-in.

Profile

Born on April 25, 1967, the 58-year-old Amupitan hails from Ayetoro Gbede in Ijumu Local Government Area of Kogi State. He is a Professor of Law at the University of Jos, Plateau State. He is also an alumnus of the university.

He specialises in Company Law, Law of Evidence, Corporate Governance and Privatisation Law. He became a Senior Advocate of Nigeria in September 2014.

After completing primary and secondary education, he attended Kwara State Polytechnic, Ilorin, from 1982 to 1984, and the University of Jos from 1984 to 1987. He was called to the bar in 1988.

Amupitan earned an LLM at UNIJOS in 1993 and a PhD in 2007, amid an academic career that began in 1989, following his National Youth Service at the Bauchi State Publishing Corporation in Bauchi from 1988 to 1989.

He currently serves as the Deputy Vice-Chancellor (Administration) at the University of Jos, a position he holds in conjunction with being the Pro-Chancellor and Chairman of the Governing Council of Joseph Ayo Babalola University in Osun State.

Among the academic positions he has held at UNIJOS are: Chairman of the Committee of Deans and Directors (2012-2014); Dean of the Faculty of Law (2008-2014); and Head of Public Law (2006-2008).

Outside of academics, Amupitan serves as a board member of Integrated Dairies Limited in Vom, a member of the Nigerian Institute of Advanced Legal Studies Governing Council, and a member of the Council of Legal Education (2008-2014), among other roles. He was a board member of Riss Oil Limited, Abuja(1996-2004).

Amupitan is the author of many books on law, such as Corporate Governance: Models and Principles(2008); Documentary Evidence in Nigeria (2008); Evidence Law: Theory and Practice in Nigeria(2013), Principles of Company Law(2013)  and an Introduction to the Law of Trust in Nigeria (2014).

He is married and has four children.

Continue Reading

Business

Dangote denies owning truck that killed eight in Ondo accident

Published

on

34 Views

Dangote Group has denied owning the truck that crushed a pregnant woman, a child, and six others to death in an accident in Akungba-Akoko, Akoko South-West Local Government Area of Ondo State.

The company issued the clarification in a statement on its X account on Wednesday.

The statement followed reports that a cement-laden truck suffered brake failure and rammed into traders and other road users.

Reacting, Dangote Group said the truck involved in the tragic incident does not belong to the group or any of its subsidiaries.

It added that vehicle registration records confirm the truck is owned and operated by an independent logistics company with no affiliation to Dangote Group.

“Dangote Group has refuted reports circulating on social media and in some online platforms linking it to a truck involved in a road accident in Akungba-Akoko, Akoko South-West Local Government Area of Ondo State.

“The company wishes to make it categorically clear that the truck involved in the unfortunate incident does not belong to Dangote Group or any of its subsidiaries.

“Verified vehicle registration details confirm that the truck with Plate No. JJJ 365 XB is owned and operated by an independent logistics company with no affiliation to Dangote Group,” the statement reads.

Continue Reading

News

VIDEO: Sowore Arrested at Federal High Court Premises, Abuja, After Meeting Nnamdi Kanu.

“The commissioner of police said we should bring you to the office,” the policeman said.

Published

on

By

21 Views

Police operatives have arrested former presidential candidate and human rights activist, Omoyele Sowore, in Abuja, the nation’s capital.

Sowore was forcibly taken away by armed police officers from the Federal High Court premises in Abuja on Thursday, October 23, 2025, shortly after attending the court session of detained IPOB leader Nnamdi Kanu.

Sowore, who has been leading campaigns for Kanu’s release, was confronted by security operatives who insisted he accompany them to the Federal Capital Territory (FCT) Police Command.

Eyewitnesses disclosed that the officers surrounded him moments after he exited the courtroom, refusing to disclose specific details about his alleged offence.

When questioned by onlookers, one of the policemen stated that they were acting on the directive of the FCT Commissioner of Police.

“The commissioner of police said we should bring you to the office,” the policeman said.

As of the time of filing this report, the reason for Sowore’s arrest and his current whereabouts remain unclear.

https://www.facebook.com/punchnewspaper/videos/%F0%9D%90%95%F0%9D%90%88%F0%9D%90%83%F0%9D%90%84%F0%9D%90%8E-%F0%9D%90%8F%F0%9D%90%A8%F0%9D%90%A5%F0%9D%90%A2%F0%9D%90%9C%F0%9D%90%9E-%F0%9D%90%9A%F0%9D%90%AB%F0%9D%90%AB%F0%9D%90%9E%F0%9D%90%AC%F0%9D%90%AD-%F0%9D%90%92%F0%9D%90%A8%F0%9D%90%B0%F0%9D%90%A8%F0%9D%90%AB%F0%9D%90%9E-%F0%9D%90%A2%F0%9D%90%A7-%F0%9D%90%9C%F0%9D%90%A8%F0%9D%90%AE%F0%9D%90%AB%F0%9D%90%AD/1310221830312344

Credit: Punch

Continue Reading

Trending