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BREAKING: House Approves N54.99 Trillion Budget for 2025

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By Gloria Ikibah

The House of Representatives, during Thursday’s plenary session, approved the 2025 budget totaling N54.99 trillion.

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Chairman of the Appropriations Committee, Rep. Abubakar Kabir Abubakar, presented the committee’s report for the House’s consideration, leading to its adoption.

He said: “That the House do consider the Report of the Committee on Appropriations  a Bill for an Act to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of N54,990,1 65,355, 396 (Fifty-Four Trillion, Nine Hundred and Ninety Billion One Hundred and Sixty-Five Million, Three Hundred and Fifty-Five Thousand, Three Hundred and Ninety-Six Naira) only, of which N3,645,761,358,925 (Three Trillion, Six Hundred and Forty-Five Billion, Seven Hundred and Sixty-One Million, Three Hundred and Fifty-Eight Thousand, Nine Hundred and Twenty-Five Naira) only is for Statutory Transfers N14,317.142,689,548 (Fourteen Trillion, Three Hundred and Seventeen Billion, One Hundred and Forty-Two Million, Six Hundred and Eighty-Nine Thousand, Five Hundred and Forty-Eight Naira) only is for Debt Service, N13,064,009,682,673 (Thirteen Trillion, Sixty-Four Billion, Nine Million, Six Hundred and Eighty-Two Thousand, Six Hundred and Seventy-Three Naira) only is for Recurrent (Non-Debt) Expenditure while the sum of N23,963, 251,624,250 (Twenty-Three Trillion, Nine Hundred and Sixty-Three Billion, Two Hundred and Fifty-One Million, Six Hundred and Twenty-Four Thousand, Two Hundred and Fifty Naira) only is for contribution to the |Development Fund for Capital Expenditure for the year ending on the 31 December, 2025 (HB. 2021) and approve recommendations therein”.

On December 18, 2024, the House received the committee’s report on the 2025 Appropriation Bill. The following day, December 19, 2024, lawmakers conducted a clause-by-clause review of the bill, which contains 12 clauses, outlined as follows:

“BE IT ENACTED by the National Assembly of the Federal Republic of Nigeria as follows: –
1. Issue and appropriation of =N=54,990,165,355,396 from the Consolidated Revenue Fund of the Federation for 2025.
(i)  The Accountant-General of the Federation shall, when authorised to do so by Warrants signed by the Minister charged with responsibility for finance, pay out of the Consolidated Revenue Fund of the Federation during the year ending on the 31st day of December 2025, the sums specified by the warrants, not exceeding in the aggregate =N=54,990,165,355,396 (Fifty-Four Trillion, Nine Hundred and Ninety Billion, One Hundred and Sixty-Five Million, Three Hundred and Fifty-Five Thousand, Three Hundred and Ninety-Six Naira)only,  for the year ending on the 31st day of December, 2025.
First Schedule
(ii)    The amount mentioned in subsection (1) of this section shall be appropriated to heads of expenditure as indicated in the Schedule to this Bill
(iii)    No part of the amount aforesaid shall be released from the Consolidated Revenue Fund of the Federation after the end of the year mentioned in subsection (1) of this section.
“2. Release of funds from the Consolidated Revenue All amounts appropriated under this Bill shall be released from the Consolidated Revenue Fund of the Federation only for the purpose specified in the Schedule to this Bill.
“3. Virement In the event that the implementation of any of the projects intended to be undertaken under this Bill cannot be completed without virement, such virement shall only be effected with the prior approval of the National Assembly.
“4. Corrigendum: Any error in the schedule to this Bill that may hinder the implementation of projects and programs in Ministries, Departments and Agencies may be corrected through a corrigendum issued by the National Assembly: in any of the following circumstances:
(a) If the total sum of the project or program is not affected;
(b) Where the projects or programs are domiciled in Ministries, Departments and Agencies that lack jurisdiction to execute such projects;
(c) Where the execution of projects or programs by Ministries, Departments and Agencies are overtaken by event; and         (d) Where projects are wrongly coasted, sited or posted to Ministries, Departments or Agencies
“5. Excess Revenue
(i) The Accountant-General of the Federation shall immediately upon the coming into force of this Bill maintain a separate record for the documentation of Revenue accruing to the Consolidated Revenue Fund in excess of oil price benchmark adopted in this Budget.
(ii) Such revenues as specified in Sub-section (1) of this section refers to Revenues accruing from sales of government crude oil in excess of the approved benchmark price per barrel, the Petroleum Profit Tax and Royalty on Oil and Gas
“6. Authorization
(i) No funds shall be paid out of the monies arising from the record specified in Section 5 (1) except by an Act/approval of the National Assembly.
(ii) The Accountant-General of the Federation shall forward to the National Assembly full details of funds released to the government Agencies immediately such funds are released.
“7. Information on Funds Releases
The Minister of Finance shall ensure that funds appropriated under this Act are released to the appropriate agencies and or organs of government as and when due, provided that no funds for any quarter of the fiscal year shall be deferred without prior waiver from the National Assembly.
“8. Due Process Certification: The department of government charged with the responsibility of certifying that due processes have been complied with in the processing of implementation of projects shall ensure that all processes of approval are completed within the specified period as provided for in the Public Procurement Act.
“9. Information on internally generated revenue, domestic and foreign assistance    All Accounting Officers of Ministries, Parastatals and Departments of Government who control heads of expenditures shall upon the coming into effect of this Bill furnish the National Assembly on quarterly basis with detailed information on-
(a) the Internally Generated Revenue of the agency in any form; and
(b) all foreign and domestic assistance received from any agency, person or organisation in any form.
“10. Power of Nigerian Embassies and Missions  The Missions and Embassies shall constitute their Tender Board as in a Parastatal’s Tenders Board (PTB) within the requisite threshold in compliance with the extant Executive Circular and the Provisions of the Public Procurement Act.
“11. Detailed estimate: The detailed estimates of expenditure are set out in the Second Schedule to this Bill.
“12. Expiry  Constitution, 1999: In line with the provisions of section 318 of the Constitution of the Federal Republic of Nigeria, this Bill expires after 12 months, starting from 1st day of January to 31st day of December, 2025 when asented to.
“Short Title: This Bill may be cited as the Appropriation Bill, 2025”.

The House convened in the Committee of Supply, with Speaker Tajudeen Abbas overseeing the review of budgetary allocations.

During deliberations, Rep. Chinedu Ogar noted the absence of funding for light rail projects in the South East. In response, the Speaker assured that the matter would be brought to the President’s attention and could be addressed through a supplementary budget.

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Following this, the House resumed plenary, where Majority Leader Rep. Julius Ihonbvere moved for the adoption of the report as a working document. The motion received unanimous approval, leading to the final reading and passage of the 2025 Appropriation Bill.

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Akpodiete Celebrates Chief James Ibori at 68, Commends His Legacy of Service

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Hon. Dr. Olotu Akpodiete JP, Executive Director of the Olotu & Ekuogbe Rowland Akpodiete Foundation, has congratulated former Delta State Governor, Chief James Ibori, on the occasion of his 68th birthday. The felicitation was contained in a statement issued in Ughelli on Tuesday, August 4, 2026.

Dr. Akpodiete described Chief Ibori as an exceptional statesman and visionary leader whose tenure laid the foundation for Delta State’s political and socio-economic advancement.

He noted that Chief Ibori’s landmark contributions in governance, infrastructure, and human capital development continue to shape the lives of Deltans today.

According to Dr. Akpodiete, Chief Ibori’s brand of purposeful leadership, courage, and dedication to the growth of Delta State has earned him national respect and admiration. He praised the former governor for his consistent advocacy for peace, unity, and sustainable development.

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The Executive Director also acknowledged Chief Ibori’s role in grooming a generation of political leaders and public servants, describing him as a mentor whose experience, wisdom, and guidance remain a source of inspiration for Delta State and Nigeria.

Dr. Akpodiete prayed that God Almighty grants Chief James Ibori sound health, long life, divine wisdom, and renewed strength to continue his service to humanity, and wished him a joyous and memorable 68th birthday celebration.

Signed
Hon. Dr. Olotu Akpodiete JP
Executive Director
_Olotu & Ekuogbe Rowland Akpodiete Foundation_

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I Will Query God For Allowing Me Get Involved In Politics – Peter Obi

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The presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, has revealed the question he would ask God if given the opportunity, saying he would want to know why he was led to leave his comfortable private life for the challenges of politics.

Obi made the remark while addressing a gathering of his supporters, where he reflected on his political journey and the responsibilities that come with public service.

According to the former Anambra State governor, he never envisioned a life in active politics and believes his current position is part of God’s plan.

“I’m a politician today, but if I ever have the opportunity to question God, I would ask Him why He allowed me to leave my comfort place and get involved in politics,” Obi said.

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He, however, added that he believes every individual is placed where God intends them to be and should use their position to serve humanity.

“But wherever we find ourselves is where God wants us to be, and we must do everything we can for the benefit of the masses.Africans & Diaspora

“I’m here by the grace of God, and I must not abuse His grace, whether it’s in a private, corporate, or government setting,” he added.

Obi’s remarks come amid increasing political activities ahead of the 2027 general election, with major political parties and candidates intensifying consultations and engagements across the country.

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Umahi Campaigns Against Obi

Meanwhile, the Minister of Works, David Umahi, has openly urged Nigerians, particularly those from the South-East, not to support Peter Obi’s presidential ambition.

Speaking during an inspection of ongoing federal road projects, including sections of the Trans-Saharan Highway and other legacy infrastructure initiatives, Umahi reaffirmed his support for the re-election of Bola Tinubu, citing the administration’s investment in infrastructure across the country.

The minister said he was not bothered by criticism from Obi’s supporters, insisting that he remained convinced that Tinubu deserves another term in office.

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“They have been insulting me. But I enjoy it honestly because it shows that what I’m doing is touching them. Some of them are also reasonable. They say the only thing is that you’re attacking Peter Obi.

“I say, no, I’m not attacking Peter Obi. I’m asking people in the South-East and Nigeria not to vote for him but to vote for President Bola Tinubu… And I have my facts,” Umahi said.

He argued that continuity in leadership would ensure the completion of major infrastructure projects currently being executed across the country.

According to him, changing governments could delay or complicate the execution of ongoing projects due to policy changes and the need to renegotiate contracts.Africans & Diaspora

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Umahi expressed confidence that all legacy projects initiated under the Tinubu administration would be completed if the President secures a second term.

Highlighting one of the projects, he described the reconstruction of the Enugu-Onitsha Expressway as a major success, revealing that the road is expected to be completed by December with reinforced concrete pavement, solar-powered streetlights, and landscaping.

He also announced plans to introduce tolling on the expressway after completion, explaining that the revenue generated would be used for road maintenance.

“The Enugu-Onitsha Expressway is a success story. By December, that project will be totally completed with solar lights and tree planting, majorly on reinforced concrete pavements. We are going to do tolling there. The essence of the tolling is just for the maintenance of the road and to provide security that will be patrolling the road,” he said.

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The minister further commended contractors handling the various projects and praised officials working with the administration for their commitment, urging them to continue informing Nigerians about the government’s infrastructure achievements.Africans & Diaspora

The comments from both Obi and Umahi reflect the growing political contest ahead of the 2027 elections, with leading figures already making public appeals aimed at shaping voter opinion and strengthening support for their respective political camps.

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Monday Sit-at-Home has ended in Onitsha — Governor Soludo declares

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Governor Charles Soludo of Anambra State has declared that the Monday sit-at-home across the Southeast is over.

Soludo disclosed this while revealing how he was stuck in traffic for 15 minutes in the Onitsha area of the state on Monday, August 3.

In a bid to push for the actualization of Biafra and the release of its embattled leader, Nnamdi Kanu, the Indigenous People of Biafra (IPOB) had declared a sit-at-home on Mondays across the region. Economic activities were crippled due to the Monday sit-at-home in the zone.

Explaining that he came late due to traffic at Onitsha where everyone was going about their business, Soludo said:

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“I’m sorry I came in about 15 minutes late because I was stuck in traffic at Onitsha. Today is a Monday, and to have traffic at Onitsha on a Monday, the Monday sit-at-home is over.

“I’m here in solidarity with you and my rich neighbour, Delta State. You have a governor in whom I’m well pleased any day, anytime.

“I had to move my executive council meeting today to tomorrow or next because this is very important and I’m very delighted to be here.”

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