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NASS Lauds Wike’s Exceptional Performances as FCT Minister

Wike appealed to the lawmakers to approve the N1.78 trillion FCT Statutory Budget proposal for the 2025 fiscal year.

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Ningi, who equates the current status of the FCT with Johannesburg and Cairo, however, urges the FCT minister to do more to improve the security in the territory.

The leadership and members of the National Assembly have lauded the exceptional performance of Mr Nyesom Wike as Minister of the Federal Capital Territory (FCT).

The lawmakers gave the commendation when Wike appeared before them to defend the N1.78 trillion FCT Statutory Budget proposal for the 202 fiscal year.

The Chairman, Senate Committee on FCT, Sen. Ibrahim Bomai, particularly commended Wike for the wonderful performance in just a short time as FCT minister, along with the FCT Minister of State, Dr Mariya Mahmoud.

Bomai also said he was impressed with the FCT’s 2025 revenue and fiscal framework.

“This is the first time FCT is proposing to generate about N1.7 trillion. What FCT has presented is one of the best budgets so far.

Also, the N608 billion projected Internally Generated Revenue for 2025 also shows a significant improvement,” he said.

Also, Sen. Abdul Ningi (Bauchi Central, PDP), commended the FCT minister for the comprehensive turnaround of Abuja as Nigeria’s capital city.

Ningi, who equates the current status of the FCT with Johannesburg and Cairo, however, urged the minister to do more to improve the security in the territory.

Similarly, Sen. Mohammed Ndume (Borno South APC) said: “Everybody that knows where Abuja was two years ago and what it is now, knows that you have done well.

“Even yesterday, my friend told me that Wike is doing fine, and I said no, it is the Senate that is doing fine because without approving his budget, he cannot do anything”.

Ndume pledged the continued support of the Senate to enable him to succeed.

On his part, Sen. Osita Ozunaso (Imo West, APC) said that the FCT budget performance was commendable, particularly the reduction in personnel cost to allocate more funds to capital projects.

“Whenever we are sitting on budgets, people come here and they increase the personnel cost, but you have reduced the personnel cost in the 2025 proposed budget by N21 billion from the amount allocated in 2024.

“Second, you have more capital expenditure than recurrent expenditure. This is commendable,” Ozunaso said.

Senator Adams Oshiomhole (Edo North, APC) described Wike as one of the best ministers under the APC administration.

Oshiomhole noted that too much money was being spent on overhead with very little available for infrastructure, “what Wike has done is worth noting and commendation”.

He also commended the FCT minister for implementing specific programmes to bring life to rural communities in FCT.

This, he said, was the most potent statement to decongest the city, by taking development to the people where they live.

Also, Sen. Ireti Kingibe (FCT, LP), who had been very critical of Wike’s leadership style, commended the minister for the visible performance, which she said was undisputable.

Earlier, at the House of Representatives, the Chairman of the Committee on FCT, Mr Muktar Betara, commended Wike for the ongoing transformation of the nation’s capital.

Other lawmakers took turns to applaud the exemplary performance and dedication of the FCT minister to deliver the dividend of democracy to FCT residents in line with the renewed hope agenda of President Bola Tinubu.

Earlier, Wike appealed to the lawmakers to approve the N1.78 trillion FCT Statutory Budget proposal for the 2025 fiscal year.

He explained that out of the N1.78 trillion, N1.28 trillion was earmarked for capital projects, representing 72.3 percent, while N494.1 billion was set aside for recurrent expenditure, representing 27.7 per cent.

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Senate confirms Oyedele as minister

During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.

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The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.

His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.

Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.

During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.

Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.

His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.

Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.

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Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor

Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

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PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)

The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.

This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.

The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.

Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.

He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.

In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.

He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.

He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.

He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.

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JUST IN: IGP Disu Assigns Portfolios to New DIGs

DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.

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The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.

Sources said that the DIGs were assigned departments based on their areas of competence.

DIG Zachariah Fera Achinyan has been deployed to Legal Services,

DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.

Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);

DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.

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