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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.
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.
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?
Jackson is a public affairs analyst writing from Jos.
News
Sad! Venezuela Quake Death Toll More Than Doubles To 589, Over 50,000 Still Missing
More than 50,000 people were missing Friday after twin earthquakes in Venezuela, the United Nations’ aid chief told AFP as international rescue teams and sniffer dogs arrived to join a desperate search for survivors.
Interim president Delcy Rodriguez said the death toll was now at 589, a number that is likely to “rise significantly,” according to UN aid chief Tom Fletcher.
“We’ve got over 50,000 people missing, over 500 people dead, so a massive job to go through the rubble,” he told AFP.
Rescuers used heavy machinery, but also their bare hands, in a race to claw out people caught under rubble in the worst-hit earthquake zone, north of the capital Caracas.
At one of the flattened buildings, AFP saw workers using sledgehammers to break the debris and calling for “absolute silence” to detect cries from survivors.
Oil-rich Venezuela is facing its worst natural disaster in more than a century after more than a decade of economic collapse hollowed out hospitals and public services, driving millions to leave the country.
The country is still in a fragile transition six months after the United States ousted leader Nicolas Maduro.
Rescue efforts have been slow with desperate calls for more heavy machinery as families stand by helpless to pull out loved ones they could hear alive in the rubble.
“It is a lot of rock, and with bare hands it is impossible,” said Amparo del Giudice, scrabbling through rubble in search of her son.
Two earthquakes, measured at magnitudes 7.2 and 7.5, hit northern Venezuela within less than a minute of each other on Wednesday night, sending hundreds of buildings tumbling.
Elsewhere in La Guaira, three people could be heard in the rubble of a collapsed building.
“They’re still alive… There’s nothing more we can do,” said one resident, Antonio Bermudez. “We don’t have any tools. We have no way to help.”
A doctor at the Domingo Luciani Hospital in the city, speaking on condition of anonymity, said children were arriving in ambulances alone after being pulled out of the rubble.
“Some children provide their names, while others arrive with identification tape on their arms,” he said.
Help Arrives
A man searches through the rubble of a collapsed building as he tries to recover belongings following an earthquake in Catia La Mar, La Guaira state, about 30 km northwest of Caracas, on June 25, 2026.
National Assembly President Jorge Rodriguez said Thursday that more than 200 people were confirmed trapped alive.
The UN humanitarian agency OCHA said search and rescue teams from at least 17 countries were being mobilized to help find survivors.
Spanish, Salvadoran, Swiss, Colombian, and Mexican rescue teams were already on the ground.
A senior US military official landed in Caracas to oversee Washington’s relief efforts.
The United States said it was deploying two warships, transport planes and helicopters and mobilizing $150 million in aid. Washington has also suspended economic sanctions on Venezuela that could have hindered rescue operations for four months.
“Even before the earthquakes, millions of people across Venezuela were facing food insecurity, collapsing health services, protection risks, and limited access to basic services,” the UN and other aid agencies said in a statement Friday.
“We have a whole-of-government response. It’ll be big, it’ll be fast, and it’ll be effective,” said US Secretary of State Marco Rubio.
Washington is closely involved in oil-rich Venezuela after US forces ousted and arrested president Nicolas Maduro in January.
China, India, Brazil and even war-battered Iran offered help, while Pope Leo XIV has sent an initial 100,000 euros in aid to the country.
UN chief Antonio Guterres said he was “deeply saddened” by the disaster as the global body vowed to assist Venezuela.
The strongest quake to hit Venezuela in 126 years will require “massive collective efforts,” UN aid chief Tom Fletcher said in a statement.
Threatening to complicate relief efforts, the international airport is in La Guaira and has been closed after suffering serious damage.
Two Brazilians, two Chinese, an Italian and a Portuguese citizen were among the dead, authorities in those countries said.
Tremors felt in Colombia, Brazil
Venezuela’s northern coast sits on a boundary between the Caribbean and South American tectonic plates, but has not experienced a significant quake since 1997, when 73 people died. Another quake in 1967 killed 236 people.
Wednesday’s 7.5-magnitude earthquake was the most powerful since October 29, 1900, when a 7.7-magnitude tremor struck offshore.
The quake was felt in neighboring Colombia, where residents in Bogota evacuated buildings as a precaution.
Tremors were also reported in several cities in northern Brazil, according to the country’s seismic monitoring network.
Scenes of panic and destruction also played out in the Venezuelan capital Caracas, where many spent the night sleeping on the streets or in their cars.
Rita Gomez, 60, travelled to the capital after seeing on social media that the building her daughter lives in had collapsed and that she was not answering her phone.
She told AFP that heavy machinery had arrived and there was “a lot of cooperation from the neighbors. We are trusting in God that they will find her alive.”
News
Insurgency: FG set to engage fresh 28,000 soldiers, establishes new training depot
The Nigerian Army has unveiled plans to recruit and train an additional 28,000 soldiers as part of efforts to strengthen its manpower and intensify operations against insecurity across the country.
The Chief of Army Staff, Lt. Gen. Waidi Shaibu, disclosed this on Friday during a press briefing in Abuja ahead of the 2026 Nigerian Army Day Celebration (NADCEL).
Represented by the Chief of Policy and Plans (Army), Maj. Gen. Bamidele Alabi, the army chief said the recruitment expansion followed the establishment of a new training depot in Amasiri Edda, bringing the number of recruit training institutions in the Army to three.
“Manpower is as important as the equipment required to fight insecurity. To this end, we have expanded our recruitment scope by establishing another training depot at Amasiri Edda, making it the third institution to train able-bodied civilians for the Nigerian Army, thereby enhancing our manpower,” he said.
“With this action, the Nigerian Army is expected to recruit and train an additional 28,000 troops to help stem the tide of insecurity across the country.”
Shaibu also revealed that the Army had established additional brigades and units while reviewing its force structure to address deployment gaps and improve responses to emerging security threats.
“Accordingly, the Nigerian Army has established additional brigades and units to boost our operations while continuously reviewing our force structure to cover observed gaps in our deployments and address emerging security challenges across the country,” he said.
The COAS said the Army had continued to strengthen its operational capability through the acquisition of modern platforms, combat enablers and strategic partnerships.
He added that the service had also prioritised personnel welfare by institutionalising measures to recognise gallantry and undertaking extensive infrastructure development across formations nationwide.
Reflecting on his seven months in office, Shaibu said the Army had made significant progress in operational effectiveness, infrastructure, manpower development, professionalism and civil-military relations.
According to him, his command philosophy is focused on transforming the Nigerian Army into “a more professional, adaptable, combat-ready and resilient force capable of decisively discharging its constitutional responsibilities within a joint and multi-agency environment.”
He noted that the vision is driven by a “Soldier-First” culture that prioritises the welfare of personnel and their families as a key factor in achieving operational success.
“We are also improving our deployment strategies and employing modern technology as a force multiplier in our efforts to quickly degrade all forms of criminality across the country,” he added.
The Army chief maintained that troops remained actively engaged in operations nationwide, saying their efforts had significantly weakened Boko Haram/ISWAP terrorists, bandits, kidnappers, separatist groups and other criminal elements threatening national security.
He assured Nigerians that the Army would continue to carry out its constitutional responsibilities in line with the rules of engagement while respecting human rights.
Shaibu also announced that activities for the 2026 Nigerian Army Day Celebration had commenced under the theme, “Protecting the Nation and Serving the People: A Way Forward for the Nigerian Army.”
He urged Nigerians to continue supporting the military and other security agencies in tackling insecurity.
“I urge all Nigerians to continue to support the Nigerian Army.
“This Army belongs to you; it is your Army. Let us all demonstrate patriotism and commitment to the ideals of peace and unity for national development,” he said.
Highlighting activities lined up for the celebration, the Army chief said Juma’at prayers would be held across all Army formations and units on Friday, June 26, while interdenominational church services would take place on Sunday, June 28.
He added that public speaking engagements in secondary schools nationwide would be held on July 3 to educate students on the role of the Nigerian Army.
On July 4, Port Harcourt will host the NADCEL Lecture, the Chief of Army Staff Literary Competition award ceremony, an interaction with media executives and the Nigerian Army Officers’ Wives Association charity outreach.
The programme will continue on July 5 with a medical outreach offering free healthcare services to residents of selected communities in Port Harcourt and the commissioning of several Civil-Military Cooperation projects.
The week-long celebration will culminate on July 6 with a grand finale featuring a ceremonial parade, presentation of the Chief of Army Staff Commendation Awards, military equipment displays and a research and development exhibition.
Shaibu said the event would also coincide with the African Land Forces Forum 2026, themed “Securing Africa: Advanced Defense, United Efforts.”
According to him, the forum will bring together African army chiefs, senior military officers, policymakers, defence industry stakeholders and security experts to promote regional cooperation, strategic dialogue and the exchange of ideas on defence and security across the continent.
News
2027: Former President Obasanjo Visits Kwankwaso in Kano(Photos)
Ex-President Olusegun Obasanjo paid a courtesy visit to the Nigeria Democratic Congress (NDC) Vice-Presidential candidate, Senator Rabiu Musa Kwankwaso, at his residence in Kano, on Thursday.

Obasanjo was received by Kwankwaso and the NDC governorship candidate in the state, Comrade Aminu Abdulsalam Gwarzo.
Kwankwaso’s media aide, Saifullahi Hassan, confirmed the visit in a statement, describing it as an opportunity for “warm exchanges” between the leaders.
He, however, did not give further details on what the two politicians discussed during the meeting.
Kwankwaso served as Minister of Defence during Obasanjo’s second tenure between 2003 and 2007, and has since then maintained a good relationship with him.

NDC Presidential Candidate, Peter Obi, is also a loyalist of the former President.

Obasanjo backed Obi in the 2023 elections and there are reports that he mid-wifed the Obi-Kwankwaso alliance for the 2027 elections.
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