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ABU professors write Tinubu over ‘looming energy crisis’

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Your Excellency

Bola Ahmed Tinubu, GCFR

President and Commander in Chief of the Armed Forces of the Federal Republic of Nigeria

The Visitor

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Ahmadu Bello University

Zaria

Sir,

AN OPEN LETTER TO THE VISITOR, PRESIDENT BOLA AHMED TINUBU, GCFR, OVER THE LOOMING ENERGY CRISIS IN AHMADU BELLO UNIVERSITY, ZARIA

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We, the undersigned Nigerian citizens and academic staff of Ahmadu Bello University (ABU), Zaria, wish to forward a complaint over the debilitating energy crisis bedeviling Ahmadu Bello University – given the centrality of electricity supply to university operations – and seek your intervention for its resolution. We take this action out of the conviction that, as the President of the Federal Republic of Nigeria and Visitor to the University, Your Excellency is in a position to mediate over the matter especially because the crisis aggravated with the recent high increase in electricity tariff in the country, which ABU in particular, and Nigerian Public Universities in general, cannot afford due to their weak financial position resulting from chronic underfunding.

We also seek Your Excellency’s intervention because even where hard economic realities dictate recourse to commercialization of utilities, educational institutions should be safeguarded from the burden of meeting market-induced pricing, especially where their capacity to do so is highly constrained. As educational institutions of high value to public good, universities should be shielded from the extremities of commercialization.

The Ahmadu Bello University is a first-generation university established by Law [Cap A. 14 of the Federal Laws; The Universities Miscellaneous Provisions (Amendment) Act 2003].

Your Excellency, history and the Nigerian people will bear witness that for over sixty years ABU has served as a major organic driver and facilitator of national development through the production of quality and functional knowledge with sound moral content and the generation of skilled manpower through men and women of all races, nations, gender and creed for all sectors of the society, economy and culture at the national, continental and global levels. The University also attained eminence through its strong support of liberation struggles in Africa and beyond.

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You are aware, Sir, that higher education is the backbone of any modern nation state and the marker of its performance, achievements, cultural standards, level of civilization and the prestige it commands in the comity of nations. It was Adam Smith who said that the true wealth of a nation is not gold or silver or a positive balance of trade, but rather its productive citizenry – its human capital in form of skills, knowledge and creativity.

Your Excellency, in today’s knowledge-based world, the Ahmadu Bello University, like other Nigerian universities, can exist, function, and execute its mandate only if such critical enablers of modern university – basic infrastructure for teaching, learning and research, including ICT[1]based substructure, quality manpower, unrestricted energy supply, and high-level funding, are firmly in place. For a developing nation that is yet to build a solid industrial base, the University is a significant national resource that requires the priority attention of government.

As an experienced public figure, Your Excellency knows that in the current knowledge, science and technology driven world, the acquisition of education is the minimal condition for survival and this makes education a basic need. The provision of basic needs to citizens or creating the conditions that enable citizens to meet their basic needs is a fundamental responsibility of government, a sign of good governance and for developing nations a sine qua non of governance.

Yet, it is common knowledge that the economics of education financing is unique, because it is not directly subject to the laws of supply and demand. Researches here in ABU, as elsewhere, have since established the truism that higher education, and indeed education in all its forms, is very expensive in its capital requirements, and exceptionally so in its recurrent expenditure, though very slow, but sure, in yielding returns.

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The aforementioned facts imply that wise countries deploy today’s resources for the purposes of tackling the problems of tomorrow and answering the questions of today and of the future.

This is done through massive commitment of national social, financial and human capital. In this regard, no self-respecting nation will justify its education in pure economic terms or by the use of the profit motif argument. Sadly, the commodification of education has been the bane of the policies of successive Nigerian governments, especially since the imposition of the Structural Adjustment Programme (SAP) in 1986. This trend has steadily negated the utilitarian value of education and demeaned its significance as a necessity in the current competitive world order and our deplorable level of underdevelopment.

Your Excellency, it is our candid view that your government has embraced the neo-liberal, market-oriented reform agenda with uncritical zeal and haste in spite of the high level of stagnation of our economy, the progressive decline of the purchasing power of the national currency, depressed wages, widespread indigence and poverty, stagflation and general insecurity. For educational institutions, other manifest corollaries of these policies include decay, in teaching, learning and research infrastructure, dysfunctional municipal systems and ruinous energy crisis characterized by inadequate supply of electricity coupled with the crippling effects of unsustainable high costs of electricity and of energy in general.

Furthermore, the constant threats, and the actual brazen acts of disconnection of the universities from the national grid by the DISCOs pose an existential peril that the universities live with on daily basis now. The last time, Your Excellency, the DISCO here, in a fit of corporate impunity, disconnected the ABU, the system was left brutally traumatized, injured and paralyzed. The losses were beyond recount. A young doctoral scholar in the sciences, for instance, lost over 1000 painstakingly but systematically sampled bovine cardiac tissue research specimens.

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Many other scholars and students had thousands of carefully cultured microbial samples in their laboratories wiped out. More than a thousand households had their precious little foodstuff destroyed. The ABU campuses, during the over one month of imposed total darkness, became desolate; staff, students and families lived like hunter-gatherers, scavenging for firewood and water from bushes, dirty wells and streams under heightened susceptibility to waterborne epidemies.

It is beyond dispute that Nigerian universities are not, by any law, statute, or ethical or socio[1]economic definition, profit-making or revenue-generating outfits. They are, however, now rendered unviable and unable to fend for themselves the potential for imminent collapse from mere electricity bills – and this being only one of the many fundamental concerns. Ahmadu Bello University, for instance, with an average total annual budgetary overhead grant of N150 million only, now requires an astounding but unaffordable N3.6 billion (monthly average of N300 million) to settle its annual electricity bill, at the cost of N206/kWh per unit of the so[1]called band A. For a university that requires about 7megaWatts of electricity, in addition to providing other energy costs per month, the financial implication is far beyond its capacity.

Your Excellency, even if the market-oriented principle of ‘cost-sharing’ between government and parents/wards is a viable option, the inability of the University to mobilize adequate financial and material support entails that it transfers the huge cost to students by hiking up fees and charges. If the N3.6 billion were to be transferred to the University’s 50,000 students, the current municipal charges alone will have to be hiked up by at least a rate of 500%.

Not only is this sum impossible to pay by virtually all students but it also negates the position of your government on the matter. You would recall, Sir, that at its inception, your government expressly forbade the Senates and Councils of Federal universities to hike up registration fees for the poor, beleaguered Nigerian students and their parents. Some of us hailed your government then as having the courage to acknowledge the suffering of the Nigerian parents and their wards. In any event, student charges are specifically meant to offset the cost of services in the learning and living campus environment and cannot be used to cover for these energy costs which justly belong to overhead grants that government should but has not, ironically, been responsible for.

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Your Excellency, the Nigerian society, its developmental agendas and such of their key enablers as education, industrialization and national integration are in deep crisis and the country has reached a decision point that require critical and somber rethinking by the people and the nation, with you, as the leader. It is imperative that we decide if we truly want to have national public universities and the quality of universities that we want. But the one decision we cannot make at this existential moment is one of logical impossibility and delusion; that is, of having universities but not having to adequately fund or support them to thrive.

We need not remind Your Excellency, however, that the Constitution of the Federal Republic of Nigeria, that you swore to uphold, had defined education, in unequivocal terms, as a public good, thus, prioritizing investment in public education is a cardinal constitutional objective.

In view of the foregoing, Your Excellency, we urge you, as the Visitor to all Federal Universities and the Head of State and Federal Government, to take an urgent and decisive action by making the Federal Government bear the cost of electricity supply as a form of overhead grant to all the Federal Universities in the country. Alternatively, Your Excellency, the Federal Government, as PART OWNER – with 49% stake in GENCOs and DISCOs and continually investing more in them – as well as being the guarantor of social balance and social security in the land, could direct the DISCOs to provide unrestricted supply of electricity to all Nigerian universities in return for some tax credits. On the other hand, Your Excellency, the government could also charge the DISCOs to create a new dedicated social tariff band with lower rates that universities can afford given their present funding realities.

We are convinced, Your Excellency, that your government could accomplish this with all the necessary exigency. This will not only not hurt any sector of the economy, society or national life but that it will constitute an important first step and a signal that your government can and will address the myriads of problems in our tertiary institutions.

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With regards,

Cc:ABU, academic staff, Open letter, Bola Tinubu, Looming energy crisis’

The President, Senate of the Federal Republic of Nigeria

The Speaker, House of Representatives of the Federal Republic of Nigeria

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Chairmen, Senate & House Committees on Tertiary Institutions

The National Security Adviser

The Hon Minister, FMOE

His Eminence, the Sultan of Sokoto, Alhaji Saad Abubakar III

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His Highness, the Emir of Zazzau, Ambassador Ahmed Nuhu Bamalli

The President Inter-Religious Council of Nigeria

The Chancellor, ABU, Zaria

The Chairman & Members, ABU Governing Council

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The Chairman, Committee of Pro Chancellors of Nigerian Universities

The Vice Chancellor, ABU, Zaria

The Chairman, Committee of Vice Chancellors of Nigerian Universities

The President, NLC

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The President, TUC

The President, ASUU

The President, SSANU

The President, NAAT

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The President, NASU

The President, NANS

This story’s headline has been updated to reflect that only professors are involved in the letter, not the academic staff

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TALL Forcast: 2025 Budget will bring down inflation to 15%, dollar to N1,500-Tinubu

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President Bola Tinubu has said that the 2025 budget forecasts that inflation will decline from current 34.6% to 15% next year.

He said this during his presentation of the N47.9 trillion 2025 budget proposal to a joint session of the National Assembly on Wednesday.

The President also said that the exchange rate will improve from approximately N1,700 per dollar to N1,500.

According to Tinubu, “this is an ambitious but necessary budget to secure our future.”

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“The Budget projects inflation will decline from the current rate of 34.6 per cent to 15 per cent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day,”Tinubu said.

He said the budget projections are based upon observations such as reduction of petroleum products importation, increased export of finished petroleum products, bumper harvest driven by enhanced security, reducing reliance on food imports, among others.

Tinubu listed highlights of the budget to include defence and security – N4.91tn, infrastructure – N4.06tn, health – N2.4tn, education – N3.5tn, among others.

Nigerians are grappling with economic hardship following incessant increase in inflation and volatile exchange rate that has seen dollar exchange as high as N1,700 in recent days.

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On Monday, the National Bureau of Statistics (NBS) said Nigeria’s headline inflation rate rose to 34.60% in November 2024 from 33.88% in October 2024.

The November inflation rate showed an increase of 0.72% points compared to the October 2024 inflation rate, according to NBS’s latest Consumer Price Index (CPI) report which measures the rate of change in prices of goods and services.

“On a year-on-year basis, the Headline inflation rate was 6.40% points higher than the rate recorded in November 2023 (28.20%). This shows that the Headline inflation rate (year-on-year basis) increased in November 2024 compared to the same month in the preceding year (i.e., November 2023),” the Bureau said.

Significantly, food inflation rate in November 2024 was 39.93% on a year-on-year basis, 7.08% points higher than the rate recorded in November 2023 (32.84%).

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Finally, PDP Flushes Out Suspended National Vice Chairman, Ali Odefa

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The Peoples Democratic Party (PDP) Oguduokwor Ward in Onicha Local Government Area of Ebonyi State has formally announced the expulsion of the suspended National Vice Chairman (NVC) of the party in the Southeast, Mr. Ali Odefa from the party.

Ali Odefa was suspended from the party on September 11, 2024 by the Ward Executives of the party for his engagement in various anti party activities. The Federal High Court sitting in Abakaliki while ruling on suit NO: FHC/AI/CS/182/2024 further affirmed the suspension on November 29, 2024.

Announcing the expulsion of Mr. Odefa at a well- attended press conference on Wednesday, the Acting Chairman of the PDP Oguduokwor, Hon. Onyedikachi Herbert Ovuta flanked by other Ward Executives stated that the expulsion of the erstwhile NVC follows the recommendation of the Party’s disciplinary committee that affirmed the allegations of anti-party activities leveled.

According to the party chairman, “The expulsion of Chief Ali Odefa follows the report, findings and recommendations of the Ward Disciplinary Committee of the party which is in line with the provisions of the party constitution.”

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The party announced that Mr. Ali Odefa by the virtue of his suspension, therefore “ceases to be a member of the party.”

The party’s statement reads in part:

“The Peoples Democratic Party (PDP), Oguduokowor Ward, Onicha Local Government Area of Ebonyi State hereby announce the expulsion of Chief Ali Odefa, the suspended National Vice Chairman of the PDP, South East Zone from the party which takes immediate effect.

“The expulsion of Chief Ali Odefa follows the report, findings and recommendations of the Ward Disciplinary Committee of the party which is in line with the provisions of the party constitution.

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“Recall that Chief Ali Odefa was suspended from the party by the Ward leadership on 11th September 2024.

“Consequent upon the judgement of the Federal High Court Abakaliki in suit number FHC/AI/CS/182/2024 which affirmed the suspension of Chief Ali Odefa, the Disciplinary Committee of PDP Oguduokwor Ward after their sittings on the above subject matter unanimously recommended that Chief Ali Odefa the Suspended PDP National Vice Chairman South East Zone be expelled from the party.

“The Executive Committee of PDP Oguduokwor Ward on 11th December 2024 after receiving the report, findings and recommendations of the Disciplinary Committee of PDP Oguduokwor Ward unanimously approved the expulsion of Chief Ali Odefa from the party which is compliance to section 58(1) and section 59(1) of the PDP constitution.

“Henceforth Chief Ali Odefa, seizes to be a member of our party the Peoples Democratic Party (PDP)

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PRESIDENT BOLA AHMED TINUBU TEXT OF THE 2025 BUDGET

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PRESENTATION BY HIS EXCELLENCY, PRESIDENT BOLA AHMED TINUBU, GCFR OF THE 2025 BUDGET OF RESTORATION: SECURING PEACE, REBUILDING PROSPERITY TO A JOINT SESSION OF THE NATIONAL ASSEMBLY ON WEDNESDAY 18TH DECEMBER, 2024.
PROTOCOLS:
— The Vice President, Senator Kashim Shettima
— Senate President, Distinguished Senator Godswill Akpabio
— Right Honourable Speaker, Tajudeen Abbas
— National Chairman of our great party, Excellency, Abdullahi Umar Ganduje
— State Governors here present
— Distinguished Leaders and Members of the National Assembly
— Senior Government Officials here present
— Gentlemen of the press,
My Fellow Nigerians,
1. In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the 11th National Assembly.
2. On this day, before this hallowed chamber, I present to you the 2025 Budget at a time when our country is at a crucial point in its development trajectory.
3. The 2025 Budget Proposal again reinforces our administration’s roadmap to secure peace, prosperity, and hope for a greater future for our beloved nation. This budget christened, “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” strikes at the very core of our Renewed Hope Agenda and demonstrates our commitment to stabilizing the economy, improving lives, and repositioning our country for greater performance.
4. The journey of economic renewal and institutional development, which we began 18 months ago as a nation, is very much underway. It is not a journey of our choosing but one we had to embark on for Nigeria to have a real chance at greatness. I thank every Nigerian for embarking on this journey of REFORMS and TRANSFORMATION with us.
5. The road of reforms is now clearly upon us, and as the President of this blessed nation, I know this less-travelled road has not been easy. That there have been difficulties and sacrifices. They will not be in vain. And we must keep faith with the process to arrive at our collectively desired destination.
6. We must build on the progress we have made in the past eighteen months in restructuring our economy and ensuring it is strong enough to withstand the headwinds of any future shocks of the global downturn.
7. The 2025 budget that I present today is one of restoration. It seeks to consolidate the key policies we have instituted to restructure our economy, boost human capital development, increase the volume of trade and investments, bolster oil and gas production, get our manufacturing sector humming again and ultimately increase the competitiveness of our economy.
8. We do not intend to depart from this critical path to strengthen the Nigerian economy. Just as I believe in the resilience of our economy to withstand the current challenges, I also strongly believe in the resilience of the Nigerian people. Again, I summon the unstoppable Nigerian spirit to lead us on as we work to rebuild the fabric of our economy and existence.
9. The improvements we witnessed in the 2024 budget have led us into the 2025 budget. The goals of advancing national security, creating economic opportunities, investing in our youthful population, infrastructure development, and national re-orientation form the core of the 2025 budget. But more than that, this will lay a solid foundation for Nigeria’s future growth trajectory.
CURRENT ECONOMIC REALITIES AND PROGRESS
10. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly, I report today that our economy is responding positively to stimulus. Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages through public expenditures and specific non-inflationary spending.
11. The reforms we have instituted are beginning to yield results. Nigerians will soon experience a better and more functional economy.
12. Global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.
o Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.
o Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.
o Our rising exports are reflected in the current trade surplus, which now stands at 5.8 trillion naira, according to the National Bureau of Statistics.
13. These clear results of gradual recovery, among others, reflect the resilience of our economy and the impact of deliberate policy choices we made from the outset.
2024 BUDGET PERFORMANCE
14. I am happy to inform this National Assembly that our administration attained remarkable milestones in implementing the 2024 Budget. In 2024, we achieved:
o 14.55 trillion naira in revenue, meeting 75 percent of our target as of the third quarter.
o 21.60 trillion naira in expenditure, representing 85 percent of our target, also in the third quarter.
15. While challenges persist, we improved revenue collection and fulfilled key obligations. The transformational effects of this on our economy are gradually being felt.
PHILOSOPHY OF THE 2025 BUDGET
16. The 2025 Budget seeks to:
o Restore macroeconomic stability.
o Enhance the business environment.
o Foster inclusive growth, employment, and poverty reduction.
o Promote equitable income distribution and human capital development.
17. Our budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the Renewed Hope Agenda and its developmental objectives.
2025 BUDGET OVERVIEW
18. The numbers for our 2025 budget proposal tell a bold and exciting story of the direction we are taking to retool and revamp the socio-economic fabric of our society.
o In 2025, we are targeting 34.82 trillion naira in revenue to fund the budget.
o Government expenditure in the same year is projected to be 47.90 trillion naira, including 15.81 trillion naira for debt servicing.
o A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit.
19. This is an ambitious but necessary budget to secure our future.
20. The Budget projects inflation will decline from the current rate of 34.6 percent to 15 percent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day (mbpd).
21. These projections are based on the following observations:
o Reduced importation of petroleum products alongside increased export of finished petroleum products.
o Bumper harvests, driven by enhanced security, reducing reliance on food imports.
o Increased foreign exchange inflows through Foreign Portfolio Investments.
o Higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.
KEY PRIORITIES: REBUILDING NIGERIA
22. Our budgetary allocations underscore this administration’s strategic priorities, particularly in advancing the Renewed Hope Agenda and achieving its developmental objectives.
23. Highlights of the 2025 Budget Allocations:
• Defence and Security: N4.91 trillion
• Infrastructure: N4.06 trillion
• Health: N2.48 trillion
• Education: N3.52 trillion
24. As we embark on implementing the 2025 Budget, our steps are deliberate, our decisions resolute, and our priorities are clear. This budget reflects a renewed commitment to strengthening the foundation of a robust economy, while addressing critical sectors essential for the growth and development we envision.
Securing Our Nation:
25. Security is the foundation of all progress. We have significantly increased funding for the military, paramilitary, and police forces to secure the nation, protect our borders, and consolidate government control over every inch of our national territory. The government will continue to provide our security forces with the modern tools and technology they need to keep us safe. Boosting the morale of our men and women in the armed forces will remain our government’s top priority.
26. The officers, men, and women of our Armed Forces and the Nigerian Police Force are the shields and protectors of our nation. Our administration will continue to empower them to defeat insurgency, banditry, and all threats to our sovereignty. Our people should never live in fear—whether on their farmlands, highways or cities. By restoring peace, we restore productivity, revive businesses, and rebuild our communities.
Infrastructure Development:
27. When we launched the Renewed Hope Infrastructure Development Fund, it was with the conviction that infrastructure remains the backbone of every thriving economy. Under this programme, we are accelerating investments in energy, transport, and public works. By leveraging private capital, we hope to complete key projects that drive growth and create jobs. We have already embarked on key legacy projects: Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway, which will have a huge impact on the lives of our people and accelerate economic output.
Human Capital Development:
28. Our people are our greatest resource. That is why we are making record investments in education, healthcare, and social services:
o Our administration has so far disbursed 34 billion naira to over 300,000 students via the Nigeria Education Loan Fund (NELFUND). In the 2025 Budget, we have made provision for 826.90 billion naira for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education (UBEC) and the nine new higher educational institutions.
o We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated 402 billion naira for infrastructure investments in the health sector in the 2025 Budget and another 282.65 billion naira for the Basic Health Care Fund. Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians. This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.
Revitalizing Agriculture:
29. Increasing agricultural production is central to our food security agenda, but insecurity has crippled this vital sector. We are supporting our farmers with funding and inputs to reignite productivity. Food security is non-negotiable. In this regard, we are taking bold steps to ensure that every Nigerian can feed conveniently, and none of our citizens will have to go to bed hungry.
30. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly and fellow Nigerians, our 2025 budget proposal is not just another statement on projected government revenue and expenditures. It is one that calls for action.
31. Our nation faces existential threats from corruption and insecurity and suffers from many past poor choices. These challenges are surmountable when we work collaboratively to overcome them. We must rewrite the narrative of this nation together, with every leader, institution, and citizen playing their part.
32. The time for lamentation is over. This is a time to act. A time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes. It is a time for every Nigerian to look hopefully towards a brighter future because a new day has dawned for us as a nation.
33. As your President, I remain committed and resolute to continue to lead the charge.
34. This 2025 budget proposal lays the foundation for peace, prosperity, and much needed hope. It is the plan through which a Nigeria where every citizen can dream, work, and thrive in safety can be achieved.
35. It is with great pleasure, therefore, that I lay before this distinguished Joint Session of the National Assembly the 2025 Budget of the Federal Government of Nigeria titled “The Restoration Budget: Securing Peace, Rebuilding Prosperity.
36. May God bless our Armed Forces and keep them safe. May God bless the Federal Republic of Nigeria.
Thank you.
Bola Ahmed Tinubu, GCFR
President, Commander-in-Chief of The Armed Forces,
Federal Republic of Nigeria
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