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No going back on forex, subsidy reforms – Finance minister

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The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, says there is no going back on the current administration’s reforms in the forex and oil and gas sectors.

Edun made this known when he received the newly assigned Minister of State for Finance, Doris Uzoka Anitez at the Ministry’s headquarters, on Monday.

“Nigeria now have a foreign exchange rate that is market based and also a deregulated oil market pricing which are two reforms that are long overdue over many decades that President Tinubu is currently implementing.

“Therefore as co-ordinating minister of economy, we stand on a threshold of a new dawn to implement these reforms and increase productivity, create jobs and reducing poverty and we are glad to have a minister of state that will help in actualizing the President’s reforms,” he said.

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According to him, consultation and collaboration is key to achieving these key reforms both from public and private sector, stressing that ongoing economic policies are showing sustainability and sign of success.

The Minister of State for Finance, in her response, restated her commitment to work with stakeholders in both private and public sectors to ensure economic growth is materialized.

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Enugu Reps PDP Caucus Welcomes LP Members To Its Fold

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Members of the Enugu State Caucus of Peoples Democratic Party, ( PDP) in the House of Representatives, Rt. Hon. Nnolim Nnaji , Rt. Hon. Martins Oke and Hon Anayo Onwuegbu have welcomed Rt. Hon. Dennis Agbo and Hon. Chidi Mark Obeta of Labour Party, (LP) to the PDP fold.

They observed that the visionary leadership of Dr Peter Ndubuisi Mba in Enugu State has ignited massive decamps and unprecedented upsurge of membership of the Peoples Democratic Party, (PDP) in the state.

The caucus in a statement issued after the two members of the House of Representatives, Rt. Hon Dennis Agbo of Igboeze North/ Udenu and Chidi Mark Obeta who represents Nsukka/Igboeze South formally announced their transfer of membership to PDP at the resumption of House plenary on Tuesday said it was gladdening to receive them into the PDP fold.

They stressed that PDP in Enugu State was witnessing a great rebirth as a result of the transformative development agenda being unleashed in various sectors of the economy of the state by Governor Mba which has received global commendations.

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The Enugu State caucus Leader, Rt. Hon. Nnolim Nnaji on behalf of the members further noted that Governor Mba’s investments in infrastructure, agro economy, and security among others have made Enugu State a tourist’s haven adding that with the good governance structure he has put in place, his second tenure would be a walkover.

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2025 budget: Tinubu Seeks NASS Approval For N1.784trn FCT Statutory Budget

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…allocate 85% for completion of ongoing projects, 15% new projects
 
By Gloria Ikibah 
 
President Bola Tinubu is seeking approval of the National Assembly for the sum of N1.784 trillion statutory budget of Federal Capital Territory (FCT) for the year ending 31st December, 2025.
 
This was contained in a letter from the President Tinubu to Speaker Tajudeen Abbas on Tuesday at plenary.
 
The letteer reads: “In pursuant to section 299 of the constitution of Federal Republic of Nigeria, 1999 as amended, which based legislative powers over the Federal Capital Territory, FCT Abuja on the National Assembly.
 
“I hereby present the 2025, FCT budget proposal to the House of Representatives for consideration the 2025 FCT budget proposal prioritize investment in healthcare services, job creation, youth empowerment, social welfare services, education infrastructure, as well as increase in productivity in agriculture. 
 
“Our objective is to lift, as many of our citizens out of poverty, as we can. 
 
“The House of Representatives is invited to know that, on the basis of revenue focused for the fct, A total expenditure of 1,783,823,708,392 trillion is propose for the year 2025.
 
“As such, 85% of capital expenditure is dedicated to the completion of ongoing projects while 15% is for new capital projects so as to sustain ongoing efforts at providing basic infrastructure and social amenities in the FCT 
 
“I hereby forward the 2025 FCT statutory proposals and trust that it would receive expeditious consideration and passage by the House of Representatives.”
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Finally , DTHA becomes one party assembly as Speaker, 21 other PDP members defect to APC

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Speaker of the Delta State House of Assembly, Rt. Hon. Emomotimi Guwor, along with twenty-one other former members of the Peoples Democratic Party (PDP), elected into the Assembly has officially defected to the All Progressives Congress (APC), following a major realignment of political stakeholders across the state.

The defection of the twenty-two lawmakers has effectively transformed the Delta State House of Assembly into a one-party legislature, as the remaining seven members were originally elected on the ticket of the APC.

Announcing the development on Tuesday during the resumption of plenary after the Easter break, the Speaker stated that the decision was the result of extensive consultations with their constituents and political leaders throughout the state.

He emphasized that the move aligned with Section 109 of the 1999 Constitution, as amended.

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While expressing appreciation to members for their contributions so far, Guwor urged the House to ensure the completion of all pending bills as the second legislative session nears its end.

He noted that the political shift towards the APC was in response to the realignment of stakeholders and the desire to align with the Federal Government under President Bola Tinubu’s leadership.

“The mass defection of members of the Peoples Democratic Party, led by Governor Sheriff Oborevwori, to the All Progressives Congress was made in the overall interest of Deltans and the state,” the Speaker said.

He explained that the decision followed extensive consultations held on April 23 and which cumulated on the official reception on April 28, 2025, at the Government House and the Cenotaph, respectively.

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He said: “We are fully committed to partnering with the Federal Government to deliver greater development to Deltans.

“On behalf of the House, I commend the courage and visionary leadership of our Governor, Rt. Hon. Sheriff Oborevwori, in making this strategic and timely decision.

“As a legislative body, we stand with His Excellency in this endeavour. This renewed partnership between the state and Federal Government must be supported and allowed to flourish, so that we can begin to enjoy its benefits in the shortest possible time.”

He informed the House that he had received twenty-two letters (including his own) notifying of the change of party affiliation from the PDP to the APC.

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The defection, he said, was driven by instability within the PDP’s national leadership and factional divisions within the South-South Zonal Executive Committee, leading to internal conflicts and disunity within the party.

Citing Section 109(1)(g) of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), the Speaker affirmed the constitutional basis for the defection.

“With this action, the Delta State House of Assembly is now composed entirely of members from the All Progressives Congress. We thank our constituents for endorsing this progressive course of action”.

A motion to adopt the letters of party change was moved by the Majority Leader, Hon. Emeka Nwaobi, and seconded by Hon. Ferguson Onwo, who represents Isoko South II.

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Speaking to journalists after the plenary, the Majority Leader, Hon Emeka Nwaobi reiterated that the defection was prompted by the crisis within the PDP.

“Our decision was based on the instability at the national level and the factionalization at the South-South level. Consequently, we chose to move to the ruling All Progressives Congress, in accordance with Section 109 of the 1999 Constitution, as amended,” he said.

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