Nation
NASS Set To Receive Tinubu’s N47.9trn 2025 Budget
The National Assembly is set to receive President Ahmed Bola Tinubu on Tuesday for the presentation of his second annual budget proposal of N47.9trillion for 2025 fiscal year .
Senate President, Senator Godswill Akpabio dropped the hint at the end of plenary session yesterday.
He urged all Senators to be in the Red Chamber at 10.30a.m from where they would proceed to the Green Chamber of the House of Representatives for the joint session of budget presentation.
The Federal Executive Council, (FEC) had on November 15, approved N47.9 trillion for the 2025 budget, executing capital projects and managing the Federal Government’s recurrent expenditures.
The Minister of Budget and National Planning, Senator Atiku Bagudu, disclosed this in a briefing to State House Correspondents after the FEC meeting.
He said the council approved the Medium-Term Expenditure Framework, MTEF, for 2025-2027, adding that the government pegged the crude oil benchmark at $75 per barrel and oil production at 2.06 million barrels per day.
The proposed 2025 budget will have an exchange rate pegged at N1,400 to $1, and the government is targeting a GDP growth of 6.4 percent.
Senator Bagudu said: “And equally, the fiscal objectives were conservative, because we want to ensure that we study the course much as we believe the projections will be exceeded. The budget size approved for presentation to the National Assembly in the MTEP is N47.9 trillion, with new borrowings of N9.2 trillion to finance the budget deficit in 2025.
“We need to sustain the commendable market deregulation of petroleum prices and exchange rates, compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even consider amending the relevant sections of the Petroleum Industry Act 2021 to address the significant risk to Federation.”
“The Federal Executive Council approved the Medium-Term Expenditure Framework and the Fiscal Strategy Paper, which will be submitted to the National Assembly.
“In addition to bills already at the National Assembly, the economic stabilisation bills and tax reform bills, which we believe will have a robust growth in 2025.”
Nation
FG Begins Tolling On Abuja-Keffi-Akwanga-Makurdi Highway
The Federal Government yesterday began the tolling of the 227.2km Abuja-Keffi-Akwanga-Lafia-Makurdi Highway with the inauguration of the Garaku Toll Plaza axis of the road.
Certain categories of vehicles, including security, diplomatic, ambulances and tricycles are, however, exempted from the tolling.
The Tide’s source reports that the road is a Public Private Partnership (PPP) project under the aegis of the Infrastructure Concession Regulatory Commission (ICRC).
Speaking during the inauguration, the Minister of Works, David Umahi, described the corridor as a vital infrastructure route in Nigeria.
According to him, it is essential for both the economic and social activities of the central and northern parts of the country.
Umahi was represented by the Minister of State for Works, Bello Goronyo.
He recalled that the Federal Government under the previous administration in 2023, executed a 25-year toll of rates concession agreement with MS China Harbour Operations and Maintenance Company.
The Minister said that the government rehabilitated and upgraded the roads through the preferential credit loan from China Exim Bank.
He explained that it was agreed, among other things, that the road would be tolled, and maintained by a private party and revenue collected would be used to repay the loan.
“The Abuja-Keffi-Akwanga-Makurdi project is the first among the nine corridors being concessioned under the Highways Development and Management Initiative (HDMI) Phase 1 to commence operations.
“In the coming months, the Federal Government will continue with the launching and operationalisation of the remaining ones located across the six geopolitical zones of this country.
“This initiative has opened a new chapter in the history of Nigeria, as it gives the Federal Government the opportunity to overcome bad routes,” he said.
Umahi said the collection of tolls would generate the much-needed revenue for the maintenance and expansion of the Renewed Hope Road Agenda of President Bola Tinubu.
He said that the Tinubu administration was committed to building a robust, interconnected infrastructure for socio-economic growth.
“The toll order fee schedule for Abuja-Keffi-Akwanga-Lafayette-Makurdi Federal Highway has been designated as follows: cars-N500; SUV Jeep-N800; minibuses N1000, and multi-axle vehicles, trucks and buses N1600.
“However, frequent road users like the commercial light vehicles defined under the Federal Highways Act, will enjoy a 50 per cent discount.
“Authorised vehicles, pedal vehicles, tricycles, motorcycles, and other modes of two or three wheels transport used by mainly disadvantaged populations will be offered a 100 per cent discount,” he said.
Nation
Foundation Seeks Community Approach To Tackle Climate Change
A non-governmental organisation, Ashoka Ford Foundation, is seeking for a community approach to tackling climate change.
It also needs local engagement in shaping policies that drive environmental sustainability.
The Director of Ashoka Anglophone West Africa, Mrs Josephine Nzerem said this at the Climate Justice Environmental sustainability Committee of Practice organised by the foundation in Port Harcourt.
Nzerem said the Climate Justice Community of Practice (CJOP) was an initiative launched in 2024 to foster collaboration among key stakeholders in addressing environmental challenges in the Niger Delta.
According to her, “This ongoing efforts focus on engaging the Alode Community at Ajuri Palace Water Works Road, Alode, Nchia Eleme, Rivers State to deepen grassroots participation and drive sustainable climate change,” she said.
She further said that the Climate Justice Community of Practice (CJCOP) was designed to be a transformative platform where government agencies, civil society organisations, private sector players and educational institutions can create solutions that prioritise climate resilience and equitable environmental policies.
“Ashoka’s approach emphasises grassroots mobilisation and institutional collaboration to ensure inclusive and community driven solutions
The CJCOP will equip young people with the knowledge and tools needed to advocate for climate justice, build sustainable solution and actively participate in decision making process.
Nzerem also said that climate change also breeds gender-based violence as women and children have become the most vulnerable, and stressed the need for the women to make their voices loud on the issue.
“The intersection of gender-based violence and climate change is often overlooked.Women and youth who are disproportionately affected, struggle to have their voices heard and recognised. Many fear speaking up, yet their own experiences are critical to shaping effective solutions,” and added that achieving true climate justice requires a holistic approach, one that integrates every aspect of life to build a sustainable and equitable future.
Meanwhile, the Rivers State Government has assured of its preparedness to partner with relevant stakeholders to address the issue of climate change in the state.
Commissioner for Information and Communications, Warisenibo Joe Johnson said this at the Climate Justice Environmental Sustainability Committee of Practice conference organised by Ashoka Ford Foundation in Port Harcourt.
The Commissioner who spoke alongside his Environment counterpart, Tambari Sydney Igbara said the government will not allow the activiaties of the multinational corporations operating in the State to impact negatively on the lives of the people.
He also described the state as very safe for investors, adding that night life has returned to Port Harcourt, the state capital.
On his part, the Commissioner for Environment, MrTambari Sydney Igbara said the government is happy to see groups such as Ashoka Ford Foundation coming out to educate people about climate change.
He said the doors of the ministry is open to suggestions on how to address the issue of climate change in the state and other environmental issues in the state.
Also speaking the Regional Director Centre For Development Support Initiative (CEDSI) Dr Mina Ogbanga said time has come for community voices to be heard as far as climate change was concerned.
She said this was necessary as the effects of climate change are being felt by communities.
John Bibor
Nation
Okehi Clan Demands Recognition, Upgrade Of Chieftaincy Stool
The people of Okehi Clan in Etche Local Government Area of Rivers State have once again made a passionate appeal to the Governor of the State, Sir Siminalayi Fubara, to consider recognising and upgrading the highly respected stool of their monarch, Eze Ibezim Eke, Onyerishi Agwuru (IV).
The people made the call during the coronation of Dr Chike Promise as the Chimereugo 1 of Etche land by His Eminence Ochie Emmanuel Opurum, 0nyishi /Ochie of Etcheland.
The Community Development Committee (CDC) Chairman of UmuolaObibi, Prince Udo Njoku, who spoke on behalf of the people, stressed that if the monarch is given government recognition, it would enhance the people’s participation in governance,as they are one of the most peaceful people in the State and have total support for the Governor and the overall development of the State.
Also speaking, the newly crowned Eze of Etcheland, Eze Promise assured his people that he would be a servant leader as he has always been to them.
He used the medium to thank the governor of the state for his development strides in Etcheland, while also promising to work cordially with the state government to maintain peace at all times within his domain.
Eze Promise was well celebrated by his people on his coronation as the community was agog on the day.
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