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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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Wike’s flashback on Amaechi: “I was his campaign DG in 2011, after that he has not won any election in Rivers”(Video)

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Federal Capital Territory FCT minister Nyesom Wike on a memory lane said his predecessor, Rotimi Amaechi has failed to win any election after he supervised his Guber election in Rivers in 2011.

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Confusion As Abductors Of Oyo Corps Members Demand ₦50m Ransom For Each Victim

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Families of prospective National Youth Service Corps (NYSC) members from Oyo State have been thrown into panic after kidnappers reportedly demanded a combined N50 million ransom for each of their victims abducted along the Owerri-Onitsha Road in Imo State.

Recall that the victims were travelling from Ibadan, Oyo State, to NYSC orientation camps in Abia and Akwa Ibom States when gunmen attacked two buses in the Umunoha area of Imo State on Thursday.

The Managing Director of Uko Akwa Ibom Motors Nigeria Limited, Isiah Akpan, whose company operates the buses, confirmed the development.

According to Akpan, the kidnappers contacted some of the victims’ families and demanded ₦50 million for each abducted passenger.

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The development has heightened fears among relatives, who are anxiously awaiting the safe return of their loved ones as security agencies intensify efforts to locate the victims.

Akpan said the two buses departed Bodija/Samonda Park in Ibadan on Wednesday but were delayed by heavy traffic around Benin, Edo State.
He said the buses eventually arrived in Onitsha, Anambra State, late that day.

However, due to the condition of the road, the drivers and passengers decided to spend the night in Oba before continuing their journey the following morning.
According to him, the buses resumed the journey from Oba at about 5 a.m. on Thursday.

Akpan said the vehicles had barely entered Imo State when gunmen emerged from the bush, blocked the buses and forced 19 passengers into the bush.

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“They blocked the two vehicles and took 19 passengers, all corps members, into the bush,” Akpan said.
He said the drivers escaped and alerted security personnel at a nearby checkpoint, prompting police and military personnel to commence a search for the abductors.
Akpan, however, said the operation was initially delayed after some villagers allegedly prevented security personnel from moving the abandoned buses from the scene.

The buses were eventually left at the location, with some of the passengers’ belongings scattered inside.
Less than 24 hours after the incident, the Imo State Police Command said that 10 victims had been rescued.

Families of the victims have been receiving ransom demands
The reported ransom demands have deepened the anxiety of relatives of the missing graduates.
Some of the parents who spoke to Channels Television appealed to both the state and federal government to come to their aid and secure the release of their children.

Some of the parents in an interview with Channels Television noted that they are helpless in the face of the demands being made by the kidnappers. They are also worried about the safety of their children.

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Olawale Olaleke, while speaking with Channels Television, said his son was one of those posted to Abia State to serve but was unfortunately kidnapped before he got to his destination.

Another parent, Olawale Olalere, narrated his ordeal with tears in his eyes, calling on Governor Seyi Makinde and President Bola Tinubu to come to their rescue.

He said, ” The vehicle took off from Samonda and slept in Onitsha, from where they took off the following morning, and just as they got to Owerri in Imo State, we heard they had been kidnapped.

” We are here to appeal to the government to come to our rescue. This morning, when they confirmed that they have been kidnapped, they’re already demanding N50 million naira on each victim”.

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Mrs Oladosu said her daughter, Greatness, was travelling to Uyo when she was abducted
According to Oladosu, the kidnappers briefly contacted the family through her daughter’s phone and allowed them to see Greatness and other victims during a video call.

She said the victims were seen sitting on the ground in the bush and crying.
“Where will petty traders get N50 million? They are just going to serve Nigeria; why this punishment?” she said.

Another victim’s mother, Alimotu Akanke, said her son, Akande Farouq, who was posted to Abia State, managed to send a brief message to his family before his phone went off.
Farouq reportedly sent the word “Kidnappers!” to the family’s WhatsApp group before communication was lost.

Meanwhile, Friends and relatives of the victims have begun to seek help online.
As families await news of the victims, friends and associates of some of the abducted graduates have launched social media campaigns calling for assistance and their safe release.
A manifest from the two buses reportedly listed 30 passengers, 15 in each bus, although the number of people actually abducted and the identities of those rescued remained subject to clarification as security agents are yet to release the manifest from the transport company.

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Oyo Govt Condemns Crime
The Oyo govt has condemned the abduction of the corps members and assured the parents and relatives of the victims of their safe release.
The assurance was given at the Oyo State Government Secretariat when the families affected paid a visit in protest of the abduction.
Executive Assistant to Gov Seyi Makinde on Security, Sunday Odukoya who attended to the group, attempted to calm frayed nerves, assuring them that Gov Makinde is working with all relevant stakeholders to secure the release of the Corps members.

Police Launch Rescue Operation
The Police Public Relations Officer, DSP Henry Okoye, said security agencies were pursuing the abductors and had launched a coordinated operation to rescue the remaining victims.
However, it is unclear whether those 10 rescued persons were among the corps members reportedly abducted from the two buses.

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Wike tackles Amaechi: Account for $39m Hospital, N68bn Monorail, N10bn anti-malaria fumigation

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… FCT Minister challenges ex-Rivers governor over stalled projects, 24-year public record

… Questions N10bn anti-malaria fumigation spending, electoral claims

… Says political leadership should empower, not pull others down

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has fired back at former Rivers State Governor Rotimi Amaechi, challenging him to account for major projects and expenditures incurred during his administration.

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Wike made the statements on Saturday, during a visit to the Uzugbani Ekpeye National Executive Council at Ekpeye House in Ahoada, Ahoada East Local Government Area of Rivers State.

Wike, who spoke on Saturday during an interactive meeting with the Uzugbani Ekpeye National Executive Council as well as leaders and stakeholders of Ahoada East and West Local Governments, Rivers State at the Ekpeye House in Ahoada, was reacting to Amaechi’s appearance on Channels Television’s Politics Today on Friday evening.

Amaechi, a former governor and Minister of Transportation, had criticised the Federal Government over its record of project delivery and challenged the administration to name major projects it had completed.

But Wike turned the spotlight on his predecessor’s record in Rivers, questioning what became of several projects initiated under Amaechi.

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He specifically raised questions over the $39 million reportedly paid for the Justice Adolphus Karibi-Whyte Specialist Hospital, the N68 billion monorail project and about N10 billion allegedly spent on an anti-malaria fumigation programme.

Wike asked what became of the money committed to the hospital project after the facility was not completed.

The controversy over the hospital dates back to the Amaechi administration.

A Rivers State judicial commission set up under Wike had investigated the payment of $39.2 million to a contractor for the project and its failure to materialise.

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Wike also questioned the fate of the monorail project, which was among the major infrastructure schemes initiated by the Amaechi administration, as well as the expenditure on the fumigation programme.

He went further to criticize a $10 million malaria control project that was executed with Cuba to eradicate mosquitoes in the state, dismissing the initiative as a scam.

“Ask him about the fumigation of Rivers State with people from Cuba in which $10 million was spent. Ask him whether mosquitoes have stopped biting us in Rivers State,” he said.

The FCT Minister said such issues should be considered when assessing the records of political leaders seeking higher office.

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Wike also challenged Amaechi’s record after spending eight years each as Speaker of the Rivers State House of Assembly, governor and Minister of Transportation.

“Someone was Speaker of the House of Assembly for eight years, Governor for eight years, and Minister for eight years, that is 24 years in top leadership positions. What can anybody point to that he attracted to Ekpeye Land in all those 24 years? Nothing! Not one single thing!” he said.

The minister urged the people of Ahoada East and West Local Governments to demand evidence of projects and political empowerment allegedly attracted to the area during Amaechi’s years in public office.

Wike said leadership should not be measured only by the offices occupied but by the people empowered, projects delivered and structures left behind.

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He contrasted this with what he described as his own efforts to empower people and develop political successors, saying leaders should not deliberately prevent others from rising.

Wike also criticised what he described as the use of personal and family tragedies for political purposes.

He said political disagreements should not descend into the exploitation of private grief, particularly matters surrounding the death of family members.

The minister warned against a political culture in which personal tragedies are deployed to gain sympathy or attack opponents.

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Wike further challenged claims about Amaechi’s political influence in Rivers State, asking supporters to examine his electoral record.

“Since I left him in 2011, after 2011, mention one election that he has ever won in Rivers State,” he said.

The minister also recalled their political relationship and past disagreements, including controversies surrounding appointments and business interests involving federal maritime agencies.

He contrasted what he described as Amaechi’s approach with the Tinubu administration’s establishment of regional development structures and appointments involving people from the South-South.

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His latest comments deepen the long-running political feud between the two former Rivers leaders, who once worked together before becoming major political rivals.

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