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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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Nigeria Begins Evacuation of Citizens From South Africa Amid Xenophobic Attacks

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By Gloria Ikibah

The Federal Government has commenced the evacuation of Nigerian nationals affected by the recent wave of xenophobic attacks in South Africa, with the first group of returnees expected to arrive in Lagos on Thursday morning.

In a statement issued by the Ministry of Foreign Affairs on Tuesday, the government confirmed that the initial batch of evacuees will continue depart Johannesburg’s Oliver Tambo International Airport on Wednesday night aboard an Air Peace flight.

According to the Ministry, the aircraft is scheduled to land at the Murtala Muhammed International Airport in Lagos at approximately 5:00 a.m. on Thursday.

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Announcing the operation, the Ministry stated:
“The Ministry of Foreign Affairs wishes to inform that the first batch of Nigerian nationals that will be evacuated from the Republic of South Africa due to Xenophobic attacks will depart the Oliver Thambo International Airport in Johannesburg on Wednesday night, and the expected time of arrival at the Murtala Mohammed International Airport in Lagos is 5.00am on Thursday morning.”

The Ministry disclosed that the evacuation exercise is being carried out by Air Peace Airlines and fully financed by the Federal Government, ensuring that affected Nigerians are returned home without any financial burden.

“The evacuation operation will be undertaken by Air Peace Airlines. The Federal Government of Nigeria has fully funded the evacuation exercise; consequently, all affected Nigerians will be repatriated at no cost to them”, he stated.

Authorities also assured Nigerians that adequate arrangements have been made to receive and support the returnees upon arrival.
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The Ministry explained that relevant government agencies have put measures in place to ensure a smooth reintegration process for those being evacuated.

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“The Ministry further wishes to assure the public that the Federal Government, through relevant Ministries, Departments and Agencies, has put in place the necessary reception and support arrangements for the returnees.”
It added that the evacuees would undergo documentation and profiling procedures before receiving assistance and being reunited with their families.

“Upon arrival, the evacuees will undergo documentation and profiling procedures and will receive the appropriate assistance and support before being reunited with their families”, it added.

The evacuation follows growing concerns over attacks targeting foreign nationals in parts of South Africa, prompting  calls for the protection of Nigerians living and working in the country.

The Federal Government has repeatedly stated its commitment to safeguarding the welfare of Nigerians abroad and has continued to engage South African authorities over the safety of its citizens.
renewed

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SEDC Defends Record Before Senate, Says Less Than 10% of ₦140bn Budget Released

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…highlight major projects, Programme,Regional Development Plans Amid Funding Challenges

By Gloria Ikibah

The South East Development Commission (SEDC) has reiterated its commitment to transparency, accountability and regional development following an oversight session with the Senate Committee on South East Development Commission at the National Assembly.

The interactive session, chaired by the Committee Chairman, Senator Orji Uzor Kalu, formed part of the National Assembly’s constitutional responsibility to oversee the activities of government agencies.

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During the engagement, the Commission presented a detailed report of its activities since the inauguration of its Board in February 2025, covering its financial performance, institutional development, procurement processes, staffing, partnerships and ongoing programmes across the South-East.

The Commission also briefed lawmakers on its engagements with state governments, federal institutions, development finance organisations and other stakeholders involved in driving development across the region.

As part of its review, the Senate Committee requested additional documentation relating to certain aspects of the Commission’s operations and programme implementation.
Responding to the request, the Commission welcomed the move and sought a short extension to collate and submit the required materials.

Following discussions, the Committee adjourned proceedings to a later date pending receipt of the requested submissions, which the Commission is expected to provide on or before 23 June 2026.

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SEDC used the opportunity to highlight progress recorded despite what it described as significant funding constraints.
According to the Commission, preparatory work has advanced on several major regional projects since the Board was inaugurated, including strategic infrastructure initiatives such as gas pipeline and railway projects designed to drive economic growth and regional integration.

The Commission also disclosed that it had established partnerships with a number of national and international institutions, including the United Nations Development Programme (UNDP), Afreximbank, Rural Electrification Agency, the Bank of Industry, Presidential Initiative on Compressed Natural Gas and Gas Aggregator Company of Nigeria.

It added that extensive consultations had been held with the governments of the five South-East states, federal ministries, development partners, academic institutions and private sector stakeholders to create a coordinated approach to regional development.

One of the major achievements highlighted during the session was the South East Vision 2050 stakeholder consultations, which brought together government officials, development experts, business leaders, academics and civil society groups to develop a long-term blueprint for the economic transformation of the region.

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The Commission also spotlighted the successful rollout of the inaugural South East Venture Capital Programme (SEVCP), which it described as a flagship initiative aimed at promoting innovation, entrepreneurship and investment.

According to SEDC, 25 start-ups from across the South-East received equity investments through a transparent and competitive selection process under the programme.

The Commission said the initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda and reflects efforts to strengthen entrepreneurship, private sector growth and investor confidence.

“Anchored within the South East Investment Company, the Programme represents a strategic effort to move beyond fragmented interventions towards a more structured and credible venture capital ecosystem for the South East, combining capital deployment with venture development, institutional partnerships, and pathways for attracting institutional capital into early-stage, high-growth enterprises across the region,” it stated.

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However, the Commission expressed concern over the pace of funding releases, warning that implementation of critical projects could be affected if appropriated funds are not released promptly.

It disclosed that despite the Federal Government and National Assembly approving ₦140 billion for the Commission in the 2026 budget, less than 10 per cent of the allocation has so far been released.

The statement further read: “Of the N140 billion appropriated to the Commission in the 2026 budget, less than 10% has been released to date across all budget lines.”

SEDC stressed that accelerated releases are essential to enable the execution of key infrastructure, agricultural transformation, youth empowerment, economic development and regional security initiatives captured within its mandate.

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“The scale of development required across the South East demands sustained funding, institutional coordination, and continued collaboration among all stakeholders,” the Commission noted.

Reaffirming its commitment to openness and accountability, the Commission pledged full cooperation with the National Assembly and all relevant oversight institutions.

“SEDC remains committed to full cooperation with the National Assembly and all relevant oversight institutions. The Commission views accountability, transparency, and constructive engagement as fundamental to the successful delivery of its mandate and will continue to provide all information required to support effective legislative oversight.

“The Commission remains focused on its responsibility to deliver meaningful and measurable impact for the people of the South East through disciplined planning, transparent governance, strategic partnerships, and the effective deployment of public resources. The Commission appreciates the continued support of the National Assembly and looks forward to sustained collaboration in advancing inclusive growth, shared prosperity, and long-term development across the region.”

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NDC leader, Dickson in closed door session peace talks to stop party crisis in Kano

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The National Leader of the Nigeria Democratic Congress (NDC), Seriake Dickson, and other leaders of the NDC, on Monday, held a closed-door peace talks with aggrieved members of the party in Kano State.

Osa Director, the national spokesperson of the NDC, disclosed this in a statement on Tuesday.

Mr Director explained that the closed-door peace talks were part of efforts to resolve the primary election-related crisis between Kwankwasiya Movement and other NDC members in the North-western state.

Kwankwasiya Movement is a political support group founded by the NDC vice-presidential candidate and former Governor of Kano State, Rabiu Kwankwaso.

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The national spokesperson said the meeting, which lasted for several hours, was “productive.”

Senator Dickson and the NDC leadership are mediating in the process in order to enhance inclusion and participation by every party member.

According to Oda Director the NDC leadership will not impose candidates in Kano State, and indeed across the nation as the party cherishes the virtues of internal democracy,” he said.

He stressed that the NDC has not released any official results of its 2027 primaries in any state.

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He urged members to disregard any such list in circulation.

The cause of the crisis

It was gathered that some NDC members in North-west Nigeria recently alleged Mr Kwankwaso was plotting to facilitate the dominance of members of Kwankwasiya Movement in the region’s party structure while dropping other key party leaders.

The Vice-Chairman of the NDC in the North-west, Mohammed Serina, and the Chairman of the party in Kano State, Hussaini Mariga, made the allegations against Mr Kwankwaso in a petition recently submitted to the party’s national leadership.

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The petition followed purported results of NDC’s primaries in North-west circulating on Facebook in which the majority of winners were linked to the Kwankwasiya Movement.

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