News
Highlights of 2025 Budget President Tinubu Presents to National Assembly
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.
News
NMMA shortlist 972 entries for 2026 awards
NMMA was founded by a former Chairman of Daily Times, the late Alhaji Babatunde Jose, who led the organisation for 10 years.
The Nigerian Media Merit Award (NMMA) said that it has shortlisted 972 of 1,112 entries for this year’s awards.
The Chairman of the NMMA Panel of Assessors, Otunba Dele Adetiba, said that the entries for the 34th edition cut across print, radio, and television categories.
Chairman of the NMMA Board of Trustees, Prof. Dayo Duyile, said that the award was established in 1990 to promote professionalism, ethical journalism and excellence among media practitioners.
Duyile, a veteran journalist and academic, said the NMMA was founded by a former Chairman of Daily Times, the late Alhaji Babatunde Jose, who led the organisation for 10 years.
News
Nigerian Law school student dies after falling from hostel rooftop
The deceased was a student of the Nigerian Law School, Enugu campus, who was undergoing externship programme at the Lagos campus.
•Faith Alayande
A Nigerian Law School student identified as Faith Alayande, is dead after she fell from the rooftop at Lagos campus.
In a statement on Monday, Aderonke Osho, secretary to the council and director of administration, said that the deceased was a student of the Nigerian Law School, Enugu campus, who was undergoing externship programme at the Lagos campus.
Osho said preliminary findings revealed that the student died from injuries sustained after falling from the rooftop of the campus hostel around 4am on Friday.
The Nigerian Law School is deeply saddened by this tragic development.
“Management is working closely with the appropriate authorities and the family to establish the circumstances surrounding the incident, ensure that all necessary procedures are duly followed, and provide further information as appropriate.”
News
Ekwulobia Suspends New Yam Festival for Kidnap Billionaire Son
A source from the community said the traditional ruler of Ekwulobia where Ezeokafor hails from, His Royal Majesty, Igwe (Engr) Emmanuel Chukwukadibia Onyeneke, officially suspended the Ekwulobia New Yam Festival, saying there was no need to celebrate while their son remained in captivity.
• Joseph Ezeokafor
Ekwulobia community in Aguata Local Government Area of Anambra State has cancelled its New Yam festival celebration billed for September 4, 2026.
Ohibaba.com learned that this is because of the kidnap of billionaire businessman and owner of Jezco Group of Companies, Chief Joseph Ezeokafor.
Ezeokafor was kidnapped in Awka on Tuesday last week when he stepped out of his house without his security details to attend to his spiritual need, where he goes to offer prays.
Public Relations Officer of Anambra State Police Command, SP Tochukwu Ikenga who confirmed the development said that serious operation is currently ongoing to save the elder statesman.
His kidnap has sent his community into mourning, causing the postponement of the new Yam festival, an annual festival which holds on a static date every year.
A source from the community said the traditional ruler of Ekwulobia where Ezeokafor hails from, His Royal Majesty, Igwe (Engr) Emmanuel Chukwukadibia Onyeneke, officially suspended the Ekwulobia New Yam Festival, saying there was no need to celebrate while their son remained in captivity.
“The Igwe said the community of Ekwulobia cannot celebrate while their son remains in the custody of the kidnappers,” the source said.
HAPPENING NOW: Security Beefed up at INEC Office in Osun Ahead of Saturday’s Governorship Election
Gov Mbah Invest in world-class Enugu International Hospital
Committees hit the ground running for 8th Kwara State Sports Festival
Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander
Organ Trafficking: Ekweremadu bags 10 years in UK prison
SAINT OBI: Between his marriage and his death
-
Business2 days agoFG approves tax waivers for 4,000 electric vehicles
-
Business2 days agoAzikel Refinery in Bayelsa Set To Add 25,000 bpd To National Capacity
-
Business2 days agoGuaranty Trust Bank doubles naira card international spending limit to $40,000
-
Business2 days agoNaira Exchange Rates Thursday, August 13
-
Business2 days agoNigeria’s oil production dropped by 4% in July – NUPRC
-
Sports2 days agoKatsina United player declared dead found alive in mortuary
-
Sports3 days agoNBA’s Los Angeles Lakers to be sold for $12.5bn – Report
-
International3 days agoMillions Rushing To Watch Solar Eclipse in Europe