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Between the 2025 Budget and Wale Edun, Who Is Ailing

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By Adeyemi Jackson

That Nigerian’s feel the pinch of the ongoing reforms of President Bola Tinubu’s administration is something that could be blamed on the shoddy implementation of the ₦54.99 trillion 2025 Budget or a total lack of it.

It is farcical that implementation of the nation’s 2025 spending plan did not begin until late September, actually, effectively in October, when the year is almost over, with scant three months left. For a government that market itself as reform oriented, this failure to restore the budget to a January to December circle is a catastrophic failure that have negated every other thing it claims to have achieved and this failure lands squarely on the desk of the man entrusted with ensuring that the country has financial certainty, the Minister of Finance and the Coordinating Minister of the Economy, Wale Edun.

The disruption of the budget cycle, aside being a problem in itself – a misalignment with the global business cycle, has created other problems. It has created operational and service delivery challenges that made Ministries, Departments, and Agencies (MDAs) facing delays in receiving funds, delay in the implementation of critical projects with the non-implementation of capital projects negatively affecting job creation and poverty alleviation efforts. On another front are the economic and fiscal impacts that have shaken investor confidence because of uncertainty over Nigeria’s fiscal direction, which means the handling of the 2025 Budget has deterred foreign and domestic investment.

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We must not lose sight of the fact that the shabby attitude towards the 2025 Budget worsened inflationary pressures because delaying capital spending is a sure recipe for price variations that ensure that prices have been pushed up beyond what was used to articulate the budget.

Additionally, governance and accountability risks have been heightened as the delay made room for last-minute manipulations that undermine transparency and the essence of budgeting, which would be further compounded by inevitable delays to the preparation of performance data that would in turn weaken accountability mechanisms.

Tragically, the Minister of Finance, Wale Edun, is playing the ostrich. He would not accept that the 2025 Budget is ailing the same way he has refused to accept his frail health and the reality that his current role is larger than his capacity, hence the strain that led to his recent health scare.

Like cancer that eventually kills its host if not excised by amputation, Edun’s health is poised to wreck not just the economy but also the entire country because of the aforementioned consequences. And like an insidious ailment that disguises its existence, Edun’s team is whitewashing his lack of grasp with rosy statistics that are at variance with the harsh reality Nigerians are surviving.

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He is telling us about improvement in the economy when the non-implementation of the 2025 budget is crippling the nation’s economy. Despite the beautiful postings and assertions by the Federal Government that it has surpassed targeted 2025 revenue generation as of August this year, it is yet to give life to its 2025 budget.

Since the economy was put in Edun’s care, our currency has been plagued by turbulence and tough realities that made the country a veritable hell. In May 2023, the currency traded at around ₦460 to the dollar officially, with a parallel market rate near ₦740. Yes, the clamour was to eliminate the multiple exchange rates and the decision to unify the exchange rates was hailed as a bold reform, but Edun’s handling of the economy under the circumstances unleashed a wave of economic shocks. By October 2025, the naira had plunged to over ₦1,470 per dollar, reflecting deep structural weaknesses and the painful adjustment process. For ordinary Nigerians, this was not just a macroeconomic shift because it has made our existence into a daily struggle. Prices of essentials soared, savings lost value, and businesses faced rising costs. This makes it nauseating that Edun and his team are insisting the reforms will yield long-term gains, whereas the immediate impact has been a squeeze on livelihoods and a test of public patience.

Whatever flicker of hope Nigerians held that the 2025 Budget would ease their economic hardship is fast fading. The delay in implementation has compounded public frustration, and the man at the helm—Finance Minister Wale Edun, appears increasingly absent from the task. His health, understandably, has taken precedence, but governance cannot be paused for personal recovery. The urgency of restoring economic stability demands leadership that is present, responsive, and accountable. Nigerians are not asking for miracles; they are demanding functionality, an economy that works, a government that delivers, and a budget that translates into real relief. The silence from the Ministry of Finance is deafening, and the absence of clear direction is costing lives, livelihoods, and trust.

Is it Wale Edun that is ailing, or is it the budget itself? Nigerians deserve clarity, not on the health of the Minister of Finance as it is now crystal clear that he is out of the game, but on the health of the economy he is meant to superintend. The indifference, silence, and sluggishness surrounding the 2025 Budget implementation have stranded citizens in uncertainty, watching their hopes for recovery crushed and unravel. If the Minister is unable to carry out his duties, the government must act decisively—not out of political loyalty, but out of responsibility to the people. The budget is not a theoretical document; it is a lifeline for millions. And right now, that lifeline is fraying. What Nigerians are asking is not perfection, they are asking for leadership, for urgency, and for a government that does not wait for its stewards to recover before it begins to serve. The question is no longer rhetorical. It is a demand: who will take charge and restore confidence in Nigeria’s economic future?

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Jackson is a public affairs analyst writing from Jos.

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OPay Rubbishes Viral Shutdown Rumour, Warns Against Fake Publication

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By Our Correspondent.

 

Leading fintech company, OPay Digital Services, has dismissed as false and malicious a viral social media publication claiming that the company would embark on a prolonged break from September 1, 2026, urging its customers to withdraw or move their funds.

The fabricated publication, which gained traction across social media platforms on Sunday, purportedly warned OPay customers that the fintech would shut down its operations for an extended period beginning September 1.

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However, OPay, in an official response published across its verified social media platforms, described the claim as false, assuring customers that the company remains fully operational.

In a statement titled, “This is FALSE!”, the fintech said: “OPay is not going on break by September. We’re here, and we’re going nowhere! 💚”

The company further urged its customers and members of the public to scrutinise the viral publication for inconsistencies and rely only on its verified communication channels for authentic information.

“True OPay users know how to identify our official communications. Take a closer look at the viral post and you’ll spot the red flags.

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“Always verify before you share. Filter the noise! Follow our official pages for authentic OPay updates,” the company stated, ending the message with the hashtag, #OPayIsOkay.

Also reacting to the development, the Vice President, Public and Government Affairs, OPay Digital Services, Dr. Maxwell Loko, described the viral publication as “false, malicious and misleading.”

Loko said OPay was not shutting down and cautioned customers against taking any action based on the fabricated information.

“This post is false, malicious and misleading. OPay is not shutting down, and customers should not be misled into withdrawing their funds based on fabricated information,” he said.

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He urged members of the public to disregard the publication and depend exclusively on OPay’s verified platforms for official announcements.

“We urge the public to disregard this post and rely only on OPay’s verified communication channels for official information,” Loko added.

The OPay executive further warned that deliberate attempts to spread false information capable of creating panic or undermining confidence in a financial institution could attract legal consequences.

“The deliberate spread of false information designed to cause panic or undermine confidence in a financial institution is a serious matter and may have legal consequences,” he said.

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The development has also raised concerns over the growing use of fabricated digital content to damage the reputation of financial technology companies and potentially trigger unnecessary panic among customers.

While speculation has circulated in some quarters that the publication could be linked to competitive interests seeking to undermine OPay’s growing market position, no evidence has been publicly established to substantiate such claims.

OPay therefore advised its customers to exercise caution and verify financial or operational announcements through its authenticated communication channels before acting on them.

The company’s clarification effectively puts to rest the viral claim that it would cease or suspend operations from September 1, 2026, with OPay reaffirming that its services remain available to customers.

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70-year-old granpa nabbed for sexual assault of 8-year-old girl in Bauchi

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The Bauchi State Police Command has arrested a 70-year-old man, Usman Abubakar, over the alleged defilement of an eight-year-old girl in the Tsakanin Bayara area of Bauchi metropolis.

According to a statement issued by the Command’s Police Public Relations Officer, Superintendent of Police (SP) Nafiu Habib, the suspect was arrested following a complaint lodged at the ‘E’ Division, Yelwa, by the victim’s 48-year-old father on Wednesday, August 26, 2026.

According to the police, the father alleged that the suspect, who resides in the same area, lured his daughter to an uncompleted building on Sunday, August 24, where he allegedly sexually assaulted her.

The Command said its operatives immediately commenced action after receiving the report and arrested the suspect.

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The police further stated that the suspect allegedly confessed to the offence during interrogation.

Following the incident, the victim was taken to the Police Clinic for medical examination and necessary care.

The Commissioner of Police, CP Sani-Omolori Aliyu, condemned the alleged offence and assured members of the public that the matter would be thoroughly investigated.

The case has been transferred to the State Criminal Investigation Department (SCID), Bauchi, for discreet investigation and prosecution, according to the Command.

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The police reiterated their zero tolerance for sexual violence and child abuse, while urging parents, guardians and members of the public to remain vigilant and report suspicious activities to the nearest police station.

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Peter Obi sympathizes with victims of Abuja market fire

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Nigeria Democratic Congress, NDC presidential candidate, Peter Obi, has expressed sympathy with traders and business owners affected by the fire that gutted Eda Plaza in Jabi, Abuja, on Sunday.

Obi, in a statement posted on his X handle on Sunday, said the incident highlighted the need to strengthen Nigeria’s emergency-response systems, particularly the capacity of fire services.

A fire outbreak destroyed shops and goods reportedly worth millions of naira at the plaza, a building materials market opposite Chida Hotel in Jabi.

An eyewitness told the Nigerian Television Authority that the alarm was raised around 3am after a trader received a distress call about the fire.

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The eyewitness said the fire destroyed one of his brother-in-law’s two shops and a packing store, with roofing materials worth more than N20m reportedly lost in the blaze.

There were no reported casualties.

Reacting to the incident, Obi said his “heart goes out to the traders, artisans, workers, families and business owners whose goods, investments and livelihoods may have been affected by this unfortunate incident.”

He noted that the losses suffered by the traders represented more than merchandise, noting that they included years of savings, borrowing and sacrifice.

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“As a country, we cannot continue to lose businesses and livelihoods repeatedly to preventable disasters. Each time this happens, we gradually lose our productive capacity,” he said.

The former Anambra State governor said small businesses were “the backbone of our economy” and that losses suffered by traders could affect their families, workers and communities.

Obi urged authorities to strengthen emergency-response systems, particularly by ensuring that fire services were properly equipped and adequately staffed.

“As we grieve what has happened at Jabi Market, let us not wait for another market to burn before we act. Let this tragedy become a reason to strengthen our emergency-response systems, especially by ensuring that our fire service is properly equipped, adequately staffed and capable of responding swiftly to emergencies.”

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“We must protect our small businesses and ensure that Abuja, and indeed Nigeria, becomes a safer place to live, work and invest,” he added.

Obi also prayed for those affected by the incident and emergency responders.

“May God comfort every person affected by this disaster, restore the livelihoods that have been lost, and grant our emergency responders the strength and wisdom required at this difficult moment,” he said.

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