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RESUMPTION SPEECH BY RT. HON. ABBAS TAJUDEEN, PHD, SPEAKER OF THE HOUSE OF REPRESENTATIVES

Published

3 months ago

September 25, 2024

RESUMPTION SPEECH BY RT. HON. ABBAS TAJUDEEN, PHD, SPEAKER OF THE HOUSE OF REPRESENTATIVES, AFTER THE ANNUAL RECESS ON WEDNESDAY, 25TH SEPTEMBER 2024, AT THE HOUSE OF REPRESENTATIVES, NATIONAL ASSEMBLY COMPLEX, NIGERIA.

Honourable colleagues and distinguished members of the 10th House of Representatives, it is with immense pleasure that I welcome you back from the recess. I trust you are fully rejuvenated after spending valuable time with your families and constituents. As we reconvene, I am confident we are ready to address the significant tasks ahead. Our nation is facing critical challenges, but I salute your dedication to the service of Nigeria. Let us remain united and focused on our shared mission for national progress and prosperity.

As we resume our legislative duties, it is with a heavy heart that we acknowledge the loss of several prominent Nigerians during the recess. The House of Representatives extends its deepest condolences to the families of Chief Emmanuel Chukwuemeka Iwuanyanwu, President-General of Ohanaeze Ndi’gbo; Alhaji Isa Muhammad Bawa; Hajiya Dada, mother of the late former President Umaru Musa Yar’adua; Hajiya Habiba and Hajiya Binta Jakadiya, both revered figures in the palace of the Emir of Zazzau; and Oba Gabriel Aromolaran, the Owa-Obokun of Ijesaland, whose legacy endures in the hearts of his people. We also mourn the tragic loss of Tijanniya members in a recent road accident, as well as the passing of elder statesman Alhaji Muhammad Jibo, MFR. May their souls rest in peace, and may their families find strength in this difficult time.

Furthermore, we cannot ignore the devastating security incidents that have afflicted various communities in recent months. From the Boko Haram attacks in Gamborou-Ngala, Borno State, to the tragic massacre of innocent people in Ndun village, Tangur District in Plateau State, and the heart-wrenching killings in Maigora, Katsina State. Others include the violence in One-Man Village, Nasarawa State, the attacks in Sabon Tasha, Kaduna State, Guma in Benue State, the brutal killing of the District Head of Gobir by kidnappers, the abduction of healthcare workers and patients in Birnin Gwari, Kaduna State, and the multiple raids in Anka and Shinkafi in Zamfara. Our heart goes out to the families of the victims and to the communities who have endured these unspeakable losses. Let us observe a minute of silence in honour of the memory of those who have lost their lives and to renew our commitment to preventing such tragedies in the future.

Since our last session, Nigeria has witnessed major political, economic, and security developments. One of the most significant political events was the Edo State governorship election. Despite some tensions, it was conducted peacefully, a testament to the growing maturity of our democracy. We also appreciate the security personnel who ensured peace throughout the process.

Most importantly, we congratulate the All-Progressives Congress (APC) and the successful candidates, Sen. Monday Okpebholo, the Governor-Elect, and our own Hon. Dennis Idahosa, the Deputy Governor-Elect, on their victory. It is noteworthy that both candidates are Members of the National Assembly. We wish them success in their efforts to lead Edo State toward progress and prosperity.

On the economic front, Nigeria has demonstrated resilience and potential for recovery despite facing inflationary pressures and a high cost of living. Notably, the nation achieved a commendable 3.19% GDP growth in the second quarter of 2024, with robust contributions from sectors like services and financial institutions, according to reports from the National Bureau of Statistics. This growth occurred in a challenging global economic environment and underscores the efforts to improve the economy. While unemployment and currency depreciation remain concerns, international organisations like the IMF have acknowledged Nigeria’s efforts to diversify its economy and improve fiscal stability, signalling optimism for sustainable growth in the coming years.

Security challenges remain a significant concern, particularly in the North. However, substantial progress has been made in combating insurgency, with military operations successfully neutralising over 150 terrorists and major bandit kingpins, according to recent reports from the Nigerian Armed Forces. International bodies like the United Nations and the African Union have recognised Nigeria’s continued efforts to enhance regional stability. These security gains, alongside increased collaboration with neighbouring countries and improved intelligence sharing, demonstrate the government’s commitment to restoring peace. While challenges persist, these efforts are gradually contributing to a safer environment for all Nigerians.

Honourable Colleagues, as legislators, we are key architects in shaping Nigeria’s future. Our role transcends lawmaking; it is about safeguarding the welfare of citizens, promoting inclusive development, and ensuring good governance. Therefore, every Bill we pass, and every debate we hold must reflect the will of the people. Our actions in this chamber bear significant responsibility for the development and stability of Nigeria. Let us all approach our duties with renewed vigour, mindful of the aspirations of the millions of Nigerians we represent.

However, while undertaking our constitutionally assigned roles, we must remain mindful that the progress we aspire to can only be realised through strong collaboration with the Executive. While safeguarding our independence as a legislative body, we are committed to working in harmony with the Executive for the greater good of Nigeria. Our joint efforts are vital to securing economic stability, enhancing security, and fostering national development. This partnership is anchored on mutual respect, transparency, and a shared vision for the future of our nation.

Before the recess, we made commendable legislative achievements, passing critical bills and conducting oversight functions that have positively impacted the lives of our citizens. With 1,351 bills introduced and 89 passed, the 10th House has made significant progress. Our efforts have addressed vital sectors such as electricity, healthcare, and financial accountability. But as we look forward, we must maintain momentum. In the coming months, we will prioritise economic reforms, youth empowerment, healthcare, infrastructure, and education.

The economic challenges facing our nation require urgent legislative action, and the House is committed to passing laws that drive recovery, attract investments, create jobs, and provide immediate relief through targeted social welfare programs. We will support vulnerable populations by advancing youth empowerment and ensuring access to education through the Student Loan Scheme. We also commend President Bola Ahmed Tinubu, GCFR and the Federal Executive Council for approving the Economic Stabilisation Bills, which offer tax relief for businesses generating employment, personal income relief for workers, and suspend burdensome taxes on small businesses and vulnerable groups. The House of Representatives is fully prepared to receive these bills and expedite their passage to ensure timely implementation and economic stability.

Security remains a top priority for this House. The safety and well-being of every Nigerian are non-negotiable. We will continue collaborating with the Executive and relevant agencies to combat insecurity in all its forms. Legislative reforms will be prioritised to strengthen our security institutions, ensuring they respond more to emerging challenges. We commend the President for signing the Counter-Terrorism Bill into law, marking a crucial step in strengthening our collective fight against insecurity across the nation.

As previously committed, the House of Representatives will hold a high-level Legislative Security Summit in the final quarter of the year. This summit will address Nigeria’s urgent security challenges by bringing together key stakeholders, including the Executive, security agencies, policy experts, and civil society organisations. The focus will be on legislative reforms to strengthen the capabilities of our security institutions, improve inter-agency collaboration, and optimise the use of intelligence in tackling insurgency, banditry, and other security threats. In addition, the summit will explore approaches to community policing, securing borders, and integrating advanced technology into national defense.

Honourable Members, I am optimistic about the future as we embark on this new legislative session. The challenges before us are great, but so is our resolve to overcome them. We remain committed to enacting laws that will positively impact the lives of all Nigerians. I urge our citizens to remain hopeful, knowing their concerns are being addressed. This House will work tirelessly to support the Executive in building a more prosperous and united Nigeria.

A review of our first-year scorecard shows that we have met several goals, such as establishing public engagement platforms and initiating economic reforms. However, in the second session (2024-2025), the House will focus on key areas, including the full digitisation of legislative records, further promotion of gender equality, and robust security sector oversight. The House will also promote legislative frameworks that support economic diversification and energy infrastructure.

The House will prioritise Several key bills to address critical national issues across security, governance, and environmental protection. The Armed Forces Act (Amendment) Bill and the Police Act (Amendment) Bill focus on strengthening Nigeria’s security apparatus by enhancing the operational efficiency of the military and reforming the police to improve internal security, including through community policing and potential state police reforms. At the same time, the National Electoral Offences Commission Bill aims to uphold the integrity of elections by prosecuting electoral malpractices.

It is also crucial to acknowledge the devastating impact of climate change on our communities, especially the recent flooding in Maiduguri, Katsina, Sabon Gari in Kaduna State and other parts of the country. We extend our deepest condolences to those affected. I ask for a minute of silence to honour those who lost their lives. May their souls rest in peace.

These environmental disasters call for an urgent and comprehensive legislative response. Strengthening environmental laws, bolstering support for frontline enforcement personnel, and prioritising renewable energy initiatives are essential steps. Additionally, enhancing infrastructure resilience and implementing community-based adaptation strategies must be central to our agenda moving forward. A key example of this commitment is the Gas Flaring (Prohibition and Punishment) Bill, which aims to reduce gas flaring by imposing stricter penalties and promoting environmental sustainability.

In this regard, the House is pleased with President Tinubu’s proposal for a Disaster Relief Fund, a measure that was recently approved by the Federal Executive Council. The fund is to be sourced from a portion of the revenue accruing to the Federation Account and contributions from the private sector. It will support communities affected by natural disasters, such as the recent flooding incidents. The House of Representatives and the National Assembly are fully prepared to expedite legislative action, facilitating timely and adequate relief to those in need.

Honourable Colleagues, as we resume, good governance and transparency remain top priorities for the House. The Whistleblower Protection Bill, which provides safeguards for individuals reporting corruption, will be key in strengthening accountability. We passed the National Audit Bill earlier to enhance financial oversight and ensure the responsible use of public funds. We are optimistic that the President will soon assent to this important Bill. Moreover, the Constitution Alteration Bills represent our commitment to governance reforms, including the devolution of powers, promoting women’s political participation, and advancing electoral reforms.

Effective oversight is crucial to promoting good governance and ensuring accountability in public service delivery. As a core function of the House, we will intensify our oversight efforts in the next session to guarantee transparency and the responsible use of public resources. By closely monitoring the activities of Ministries, Departments, and Agencies (MDAs), we will ensure that government programmes are executed efficiently and align with the aspirations of the people. This will not only enhance public trust but also support the President’s agenda for national development, ensuring that resources are utilised to drive positive outcomes for all Nigerians.

In conclusion, Honourable Colleagues, I call on all of you to remain mindful of the expectations of our constituents and ensure that our legislative processes and outcomes meet the highest standards of democracy, human rights, and social justice. With confidence in our collective efforts and faith in the future, I look forward to a productive and transformative legislative session.

Thank you, and may God bless the Federal Republic of Nigeria.

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PRESIDENT BOLA AHMED TINUBU TEXT OF THE 2025 BUDGET

Published

2 hours ago

December 18, 2024

Gloria Ikibah

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

News

Netizens Slam Lawmakers As They Sing Tinubu’s Anthem At Budget Presentation

Published

3 hours ago

December 18, 2024

Naijablitznews

Netizens slam lawmakers after they were sighted singing “On Your Mandate We Shall Stand” as President Bola Ahmed Tinubu took the stage to present the 2025 national budget.

The incident, which is in a viral video clip, showed the lawmakers singing the song, which has become synonymous with Tinubu’s political supporters.

The gesture, however, has ignited outrage among Nigerians, who questioned its appropriateness in light of the country’s current economic challenges.

Many critics took to social media to express their disappointment, describing the act as insensitive and unprofessional. They argued that lawmakers should focus on addressing pressing national issues, such as a inflation, unemployment, and hardship, rather than engaging in political theatrics with Tinubu during a crucial budget session.

“What kind of leadership did we vote for? Instead of scrutinizing the budget and ensuring accountability, they’re busy singing praises,” one commenter wrote.

Others questioned the mandate the lawmakers you were celebrating, with some accusing them of being disconnected from the realities faced by ordinary Nigerians. “What mandate are they standing on when the citizens are struggling to make ends meet?” another critic remarked.

The 2025 budget presentation, meant to outline the government’s financial plans and priorities for the year, has now been overshadowed by this controversy, with many calling for lawmakers to prioritize governance over partisan loyalty.

Read some netizens’ reactions as lawmakers sings for Tinubu during budget presentation;

@emeka: This is really problematic 🤣🤣

@agwai: This is the reason the president don’t do well in Nigeria because the people around him feed him with lies. And praise him when things is not good. Just clapping

@abyusuf: The lawmaker’s rendition of “On Your Mandate” should serve as a wake-up call, reminding us that it’s time to take a closer look at the people we’ve elected to represent us.

@danleety: I now believe there’s serious disconnect between the lawmakers and their constituents.

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Tax Reforms: Those criticising it lack knowledge -Akpabio

Published

3 hours ago

December 18, 2024

Naijablitznews

The Senate President, Godswill Akpabio, has flayed critics of President Bola Tinubu’s tax reforms as lacking an understanding of what the initiatives were truly about.

Akpabio disclosed this during his remarks at the presentation of the 2025 budget estimate by President Tinubu to a joint session of the National Assembly on Wednesday.

He said, “Your Excellency, we commend you on your groundbreaking tax reform initiative. The four tax reform bills—the Joint Revenue Board of Nigeria (Establishment) Bill, 2024; Nigeria Revenue Service (Establishment) Bill, 2024; Nigeria Tax Administration Bill, 2024; and Nigeria Tax Bill, 2024—represent a monumental shift in our fiscal landscape.

It is disheartening that those who have not taken the time to understand these bills are the loudest critics. I urge all Nigerians, especially those in public office, to engage with these vital reforms thoughtfully. This initiative marks the first comprehensive tax reform since Nigeria’s independence, presenting a transformative opportunity for rejuvenating small and medium enterprises and enhancing the livelihoods of ordinary Nigerians.

“These reforms will not only improve Nigeria’s revenue profile but also create a more conducive and internationally competitive business environment, transforming our tax system to support sustainable development.”