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Michelle, Barack Obama to speak at Democratic National Convention
Former First Lady, Michelle Obama and former president of the United States of America Barack Obama among other prominent Democrats and celebrities will address the Democratic National Convention in Chicago ahead of the 2024 general elections.
Both Michelle and Barack Obama speeches have been slated for Tuesday.
Democratic National Convention which starts from Monday, August 19 to Thursday, August 22 among other things will outdoored Vice President Kamala Harris formally accepting her party’s nomination for president and confirm running mate, Minnesota Governor Tim Walz.
This year’s DNC is taking place at the United Center Arena in Chicago.
The themes and top speakers listed by the DNC for the four-day programme.
According to them, Monday will be focusing on ‘For the people’ and speakers will include Chicago Mayor Brandon Johnson, who will deliver a welcome message, Biden, first lady Jill Biden, former Secretary of State Hillary Clinton and New York Gov. Kathy Hochul.
Tuesday: ‘A bold vision for America’s future’ will see speakers like Illinois Governor Jay Robert “JB” Pritzker, Ms Harris’s husband, Second Gentleman Doug Emhoff, and Former First Lady, Michelle Obama and former president of the United States of America Barack Obama.
On Wednesday, the Democrats will tackle ‘A fight for our freedoms’ which will see speakers include former President Bill Clinton and former Speaker of the House Nancy Pelosi, Democratic vice presidential nominee Tim Walz and others.
The Democrats will climax the 2024 Democratic National Convention with the topic “For Our Future” where Vice-President Kamala Harris will formally accept the presidential nomination and address the nation.
About fifty thousand (50,000) people including delegates chosen by state Democratic parties as well as super delegates.
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FEC approves ₦47.9tn 2025 budget
By Kayode Sanni-Arewa
The Federal Executive Council, FEC, has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year.
Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu.
This was part of the Medium-Term Expenditures Framework, MTEF, for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.
“And equally, the fiscal objectives were conservative, because we want to ensure that we study the course much as we believe the projections will be exceeded.
“The budget size that was approved for presentation to the National Assembly in the MTEP is ₦47.9 trillion, with new borrowings of ₦9.2 trillion to finance the budget deficit in 2025,” Bagudu said.
“We need to sustain the market deregulation, commendable market deregulation of petroleum prices and exchange rate, and to compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even to consider the need to amend the relevant sections of the petroleum industry act 2021 to address the significant risk to Federation.
“The Federal Executive Council approved the Medium Term Expenditure Framework and the physical strategy paper, and it will be submitted to the National Assembly.
“This is in addition to bills that are already at the National Assembly, the economic stabilization bills and tax reform bills, which we believe we will have a very, very strong growth in 2025.”
During the meeting, the FEC approved its submission to the National Assembly as required by the 2007 Fiscal Responsibility Act.
The framework projected a gross domestic product (GDP) growth rate of 4.6 percent, an exchange rate of $75 to the naira, and oil production of 2.06 million barrels per day. [Channels TV]
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