News
N54.2 trillion budget: Peter Obi questions Tinubu govt on transparency, accountability
Presidential candidate of the Labour Party, LP, Mr Peter Obi, says there is no corresponding breakdown of expenditures to justify the increase in the 2025 national budget.
The statement comes after President Bola Tinubu, on Thursday, increased the appropriation bill for the 2025 fiscal year from N49.7 trillion to N54.2 trillion.
Recall that Tinubu announced the increment in separate letters, which he forwarded to both the Senate and the House of Representatives.
Reacting to the development, Obi said that Nigerians need to know how the resources generated are being allocated for the sake of transparency and accountability.
This, he said, was to ensure that they were judiciously spent on the country’s development and the well-being of the people.
In a statement issued on Friday via his X handle, the former Anambra state Governor said Nigerians were still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023.
Obi further called on the National Assembly to seize this opportunity to obtain and make public the full details of the 2024 budget.
He said: “Yesterday, I read about the increase in the Budget of Restoration to N54 trillion due to increased revenue.“
While the sources of this revenue were detailed, there is no corresponding breakdown of expenditures to justify the increase.
For transparency and accountability sake Nigerians need to know how the resources generated from them are being allocated to ensure that they are judiciously spent on the country’s development and the well-being of the people.
“Such expenditures should be directed toward critical areas of development; education, healthcare, security, and poverty alleviation.“
Furthermore, Nigerians are still waiting for a detailed account of the execution and expenditures of the Renewed Hope budget passed in December 2023 to ensure that it has been properly utilized for the country’s future development and the well-being of its citizens.
“I call on the National Assembly to seize this opportunity to obtain and make public the full details of the 2024 budget of Renewed Hope budget
“Transparency in this regard is crucial for ensuring accountability, learning from past budgets, and making informed decisions for the nation’s progress.
“As we work towards passing the Budget of Restoration for 2025, let us uphold openness, accountability, and the welfare of the Nigerian people.
We owe it to ourselves, our children, and the future of our great nation.
News
President Tinubu Okays Creation of State Police
• President Tinubu
President Bola Tinubu on Wednesday urged the National Assembly to begin the process of reviewing the law so as to allow states willing to establish state Police to do so.
President Tinubu in a statement he personally signed, also declared a security emergency and ordered the army and the police to recruit more personnel.
He further directed the Department of State Services (DSS) to immediately deploy all the forest guards already trained to flush out the terrorists and bandits lurking in the nation’s forests.
He said: ” Today, in view of the emerging security situation, I have decided to declare a nationwide security emergency and order additional recruitment into the Armed Forces.
By this declaration, the police and the army are authorised to recruit more personnel. The police will recruit an additional 20,000 officers, bringing the total to 50,000.
Although I had previously approved the nationwide upgrade of police training facilities, the police authorities are, by this statement, authorised to use various National Youth Service Corps camps as training depots.
The officers being withdrawn from VIP guard duties should undergo crash training to debrief them and deliver more efficient police services when deployed to security-challenged areas of the country.
The DSS also has my authority to immediately deploy all the forest guards already trained to flush out the terrorists and bandits lurking in our forests.
The agency also has my directive to recruit more men to man the forests. There will be no more hiding places for agents of evil.
My fellow Nigerians, this is a national emergency, and we are responding by deploying more boots on the ground, especially in security-challenged areas. The times require all hands on deck.
As Nigerians, we should all get involved in securing our nation.
Let me take this moment to commend our security agencies for working together to secure the release of the 24 schoolgirls in Kebbi and the 38 worshippers in Kwara State.
We will continue to sustain the efforts to rescue the remaining students of Catholic School in Niger State and other Nigerians still being held hostage.
To the leadership and rank and file of our Armed Forces, I commend your courage and your sacrifice. This is a challenging moment for our nation and for the military institution itself.
I charge you to remain resolute, to restore peace across all theatres of operation, and to uphold the highest standards of discipline and integrity. There must be no compromise, no collusion, and no negligence.
The Nigerian people are counting on you, and this administration will provide the support you need to succeed.
In addition, our administration will support state governments which have set up security outfits to safeguard their people from the terrorists bent on disrupting our national peace.
I call on the National Assembly to begin reviewing our laws to allow states that require state police to establish them.
States should rethink establishing boarding schools in remote areas without adequate security.
Mosques and churches should constantly seek police and other security protection when they gather for prayers, especially in vulnerable areas.
Our administration created the Livestock Ministry to address the persistent clashes between herders and farmers.
I call on all herder associations to take advantage of it, end open grazing and surrender illegal weapons.
Ranching is now the path forward for sustainable livestock farming and national harmony.
The Federal Government, in collaboration with the states, will work with you to solve this problem, once and for all.
I sympathise with the families who have lost their loved ones in recent attacks on soft targets in Kebbi, Borno, Zamfara, Niger, Yobe, and Kwara States.
I also pay tribute to our brave soldiers who have made the ultimate sacrifice, including Brigadier-General Musa Uba.
Those who want to test our resolve should never mistake our restraint for weakness. This administration has the courage and determination to keep the country safe and ensure our citizens live in peace.
I sympathise with the families who have lost their loved ones in recent attacks on soft targets in Kebbi, Borno, Zamfara, Niger, Yobe, and Kwara States.
I also pay tribute to our brave soldiers who have made the ultimate sacrifice, including Brigadier-General Musa Uba.
Fellow Compatriots, I urge you not to give in to fear and never succumb to despair. Let’s stand together in purpose and strength to defend our freedom and values.
Our administration will continue to guarantee peaceful co-existence and preserve our union. I urge all Nigerians to remain calm and vigilant.
Report suspicious activities. Cooperate with security agencies. We are in this fight together, and together we shall win.”
News
BREAKING: Tinubu sends ambassadorial nominees list to Nigerian Senate
President Bola Tinubu has forwarded a list of three individuals nominated for non-career ambassadorial positions to the Senate for confirmation.
Senate President Godswill Akpabio made the announcement during Wednesday’s plenary session.
The nominees include: Kayode Are from Ogun State, Aminu Dalhatu from Jigawa, and Ayodele Oke.
“The list contains three names for now, I am sure others will follow,” Akpabio stated after presenting the letter from President Tinubu.
Details later..
Business
Dangote Partners Honeywell International to Boost Refinery Capacity to 1.4 million barrels per day
Dangote Refinery, Africa’s largest single-train petroleum refinery, has signed a landmark contract with U.S. industrial giant Honeywell International to execute a significant capacity upgrade that will boost the facility’s crude processing capability from the current 650,000 barrels per day to an ambitious 1.4 million barrels per day.
The multi-billion-dollar project, described by sources close to the deal as one of the largest refinery expansion initiatives globally in recent years, will involve the installation of advanced process units, automation systems, and energy-efficiency technologies supplied and integrated by Honeywell UOP and Honeywell Process Solutions.
Aliko Dangote, President and CEO of Dangote Industries Limited, confirmed the partnership, stating: “This strategic collaboration with Honeywell will position the Dangote Refinery as one of the top five largest refineries in the world by capacity.
The upgrade will not only enhance our ability to meet Nigeria’s complete refined products demand but also establish the refinery as a major export hub for gasoline, diesel, jet fuel, and petrochemicals across Africa and beyond.
”The expansion is expected to be implemented in phases, with key units including additional crude distillation, hydrocracking, and catalytic reforming modules.
Honeywell’s proprietary technologies are anticipated to improve yield of high-value products while reducing energy consumption and emissions.Upon completion, the 1.4 million bpd Dangote Refinery will surpass the current global top-tier facilities such as Reliance Industries’ Jamnagar Refinery (1.24 million bpd) and Paraguay’s planned 1.2 million bpd project, cementing its status as the world’s largest single-train refinery.
The project is expected to create thousands of direct and indirect jobs during the construction and commissioning phases and further reduce Nigeria’s dependence on imported refined petroleum products.
A spokesperson for Honeywell confirmed the award, saying the company was “honored to partner with Dangote on this transformative project that will reshape the African downstream landscape.
”Detailed timelines and the exact value of the contract were not disclosed, but industry analysts estimate the expansion could exceed $5–7 billion in total investment.
The statement said: Dangote Group is pleased to announce that it has entered into a strategic partnership with Honeywell International Inc to support the next phase of expansion of the Dangote Petroleum Refinery.
This collaboration will provide advanced technology and services that will enable the refinery to increase its processing capacity to 1.4 million barrels per day by 2028, marking a major milestone in our long-term vision to build the world’s largest petroleum refining complex.
Through this agreement, Honeywell will supply specialised catalysts, equipment, and process technologies that will allow the refinery to process a broader slate of crude grades efficiently and to further enhance product quality and operational reliability.
Honeywell, a global Fortune 100 industrial and technology company, offers a wide portfolio of solutions across aviation, automotive, industrial automation, and advanced materials.
Honeywell’s division UOP has been a technology partner to Dangote since 2017, providing proprietary refining systems, catalyst regeneration equipment, high performance column trays, and heat exchanger technologies that support our best-in-class operations.
Dangote Group is also advancing its petrochemical footprint. As part of the wider collaboration, we are scaling our polypropylene capacity to 2.4 million metric tons annually using Honeywell’s Oleflex technology.
Polypropylene is a key industrial material widely used across packaging, manufacturing, and automotive applications.In addition to refining expansion, Dangote Group is progressing with the next phase of its fertiliser growth plan in Nigeria. We will increase our urea production capacity from 3 million metric tons to 9 million metric tons annually.
The existing plant consists of two trains of 1.5 million metric tons each. The expansion will add four additional trains to meet growing demand for high-quality fertiliser across Africa and global markets.
Dangote Group remains fully committed to delivering world-class industrial capacity, strengthening Nigeria’s energy security, and driving sustainable economic growth through long-term investment, innovation, and strategic global partnerships.
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