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2025 Budget is ambitious, growth sustaining -Prof Nnamchi
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Professor Paul Sunday Nnamchi, a federal lawmaker, has praised the 2025 national budget proposal, calling it ambitious and growth-sustaining.
He believed that the budget was aimed at reassessing the government’s transformation agenda, its impact on the production and the overall economy in addition to making sure that the government’s monetary and fiscal policies were in tandem.
The proposed budget according to him, “is expected to bring down interest rates, support investments, promote production, and sustain growth and reduce inflation. He stressed.
Professor Nnamchi also acknowledged the progress made in security, particularly in the Niger Delta region, which has contributed to the increase in oil production from 1.2 barrels a day to 1.8 barrels a day.
Key highlights of the budget proposal include: A significant allocation to security, which Professor Nnamchi observed that it was crucial for addressing food security concerns and reducing the cost of staple foods.
“Increase in oil production and agriculture due to improved security situation in the troubled areas will raise our GDP significantly, which could bring down inflation from 39% to 15 % going by medium term expenditure frameworks”
He noted stressing that the budget outlined proposed measures that would also support investments, promote production, and sustain growth while reducing inflation.
Such measures, he stated includes investments in infrastructure development, which were expected to stimulate economic growth and attract foreign direct investments.
“While ambitious, this budget is grounded in sound economic principles, and its successful implementation will depend on our collective resolve as representatives of the people to ensure that every naira allocated serves its purpose and delivers tangible benefits to Nigerians.”
Overall, Professor Nnamchi emphasized the need to prioritize national interest and work towards moving the nation forward urging that Nigeria should be placed above sectional interest.
The Accord Party has defeated the All Progressives Congress (APC) at the polling unit of former Osun Deputy Governor and ex-APC National Secretary, Senator Iyiola Omisore, in the ongoing Osun State governorship election.
According to results uploaded to the Independent National Electoral Commission (INEC) Result Viewing Portal (IReV), Accord secured 131 votes at Polling Unit 003, Ife Ward 1 (Moore), St. Gabriel Primary School, in Ife East Local Government Area.
The APC polled 85 votes to finish second, while the African Democratic Congress (ADC) recorded 10 votes. Other political parties obtained marginal votes at the polling unit.
The result adds to a series of early victories recorded by the Accord Party as INEC continues the uploading and collation of results across the state.
Earlier, Accord also won at the polling unit of former Osun Governor, Prince Olagunsoye Oyinlola, in Okuku, Odo-Otin Local Government Area.
The result sheet uploaded on the IReV portal showed Accord polling 125 votes, ahead of the APC, which recorded 85 votes. The ADC secured five votes.
Meanwhile, INEC has continued to upload results from polling units across Osun State as the governorship election moves into the collation stage.
Voters across the state’s 30 local government areas cast their ballots on Saturday to elect a governor for the next four years.
The major contenders in the election include the incumbent Governor Ademola Adeleke of the Accord Party, APC candidate Bola Oyebamiji, and African Democratic Congress (ADC) candidate Najeem Salaam.
The Accord Party has won the governorship election at the polling unit of former Osun State Governor, Prince Olagunsoye Oyinlola, in Okuku, Odo-Otin Local Government Area of the state.
According to the result sheet uploaded to the Independent National Electoral Commission’s (INEC) IReV portal, Accord polled 125 votes to emerge victorious at the polling unit.
The All Progressives Congress (APC) came second with 85 votes, while the African Democratic Congress (ADC) secured five votes.
The African Action Congress (AAC) scored two votes, while the Social Democratic Party (SDP), Young Progressive Party (YPP) and Zenith Labour Party (ZLP) each recorded one vote.
Other parties, including the AA, ADP, APGA, APM, APP, BP, NNPP and PRP, recorded no votes.
The result sheet showed that 228 voters were accredited, with 220 valid votes cast and eight rejected ballots.
The election was conducted at Court Hall I, Okuku, in Odo-Otin Local Government Area.
The result comes against the backdrop of Oyinlola’s reported endorsement of the APC governorship candidate, Bola Oyebamiji, ahead of the election.
Oyinlola, who governed Osun State from 2003 to 2010, had publicly backed Oyebamiji despite the APC candidate running against incumbent Governor Ademola Adeleke.
The outcome at Oyinlola’s polling unit therefore puts the Accord Party ahead of the APC, with Adeleke’s party failing to secure the unit despite the incumbent governor’s participation in the election.
Voting was disrupted in Ejigbo, Osun State, after violence broke out at a polling unit during the ongoing Osun State Governorship election.
It was gathered that voters, residents and officials of the Independent National Electoral Commission (INEC) fled the polling unit as tension escalated around the area.
According to Channels TV, people were seen running in different directions while motorcycles and vehicles moved through the area as residents attempted to escape the unfolding situation.
The immediate cause of the violence was not clear, as the chaos temporarily halted the ongoing electoral process.
The incident comes as voters come out in their numbers to partake in governorship election amid tight security.
Osun Election: Accord Defeats APC in Omisore’s Polling Unit
Osun election: Oyinlola Loses Polling Unit to Accord Party
Osun election: INEC officials take to their heels as violence erupts in Ejigbo
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