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BREAKING: President Tinubu Presents N47.9trn Appropriation Bill To NASS

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…improvement witnessed in 2024 led us to 2025 budget – Tinubu
…say “Time for lamentation is over”
By Gloria Ikibah
President Bola Ahmed Tinubu in a Joint Session of the Senate and House of Representatives on Wednesday, 18 December 2024, presented the sum of N47.9 trillion as the proposed 2025 Appropriation Bill, with new borrowings of N13.0 trillion, which is 3.87 per cent of the estimated Gross Domestic Product (GDP).
The President, in his address to the National Assembly described the 2025 Budget as the “Budget of Restoration” which he said, reinforces the administration’s roadmap to secure peace, prosperity, and hope for a greater future for Nigeria.
“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.”
The budget of restoration according to president Tinubu, serves as the very hope of the Renewed Hope Agenda and improving the lives of Nigerians.
He said the 2025 budget is one of the reform and transformation to consolidate the key policies of the Tinubu-led administration. Reeling out the progress made he said global economic growth for Nigeria increased from the 2.6% estimated to 3.5% growth.
Naijablitznews.com recalled that the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), and its fiscal parameters, adopted an “an oil price benchmark of $75 per barrel for 2025, oil production of 2.06 million barrels per day, an exchange rate of N1400 to $1, and a GDP growth of 4.6 per cent.”
President Tinubu said the 2025 budge seeks to restore micro economic stability, foster increased growth, employment, human capital development.
He said: “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.
“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.
“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.
“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.
“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.
“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”.
The President said the reforms instituted are beginning to yield results and Nigerians will soon experience a better and more functional economy.
According to him, 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.
“Global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.
“Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.
“Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.
“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.
Tinubu informed that his administration attained remarkable milestones in implementing the 2024 Budget.
“In 2024, we achieved: 14.55 trillion naira in revenue, meeting 75 percent of our target as of the third quarter; 21.60 trillion naira in expenditure, representing 85 percent of our target, also in the third quarter.
“While challenges persist, we improved revenue collection and fulfilled key obligations. The transformational effects of this on our economy are gradually being felt”, the President added.
Hw explained that the budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the Renewed Hope Agenda and its developmental objectives.
The 2025 Budget President said seeks to restore macroeconomic stability, enhance the business environment, foster inclusive growth, employment, and poverty reduction and promote equitable income distribution and human capital development.
“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.
“In 2025, we are targeting 34.82 trillion naira in revenue to fund the budget.
“Government expenditure in the same year is projected to be 47.90 trillion naira, including 15.81 trillion naira for debt servicing.
“A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit. This is an ambitious but necessary budget to secure our future.
“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).
These projections the President said are based on reduced importation of petroleum products alongside increased export of finished petroleum products; bumper harvests, driven by enhanced security, reducing reliance on food imports; ncreased foreign exchange inflows through Foreign Portfolio Investments; and higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.
Tinubu said the budgetary allocations are informed by the commitment of his administration to security of lives and property, infrastructural development, education and healthcare delivery.
“Our budgetary allocations underscore this administration’s strategic priorities, particularly in advancing the Renewed Hope Agenda and achieving its developmental objectives.
“Highlights of the 2025 Budget Allocations:
• Defence and Security: N4.91 trillion
• Infrastructure: N4.06 trillion
• Health: N2.48 trillion
• Education: N3.52 trillion
He solicited the support of the lawmakers and Nigerians in addressing the country’s challenges
He stated: “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.
“As your President, I remain committed and resolute to continue to lead the charge.
“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”.

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IGP Launches Safe School Squad In Bauchi

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The Inspector General of Police, Kayode Egbetokun, on Thursday, launched a new police-led school protection squad under the Safe School Initiative.

Egbetokun said the unit is part of the national strategy to fortify educational institutions against rising security threats.

The Commissioner of Police in charge of the Schools Protection Squad, Abayomi Shogunle, performed the unveiling on behalf of the IGP and stressed the urgent need for coordinated security measures to safeguard students, staff, and school infrastructure across the country.

Shogunle, who spoke at a stakeholders’ forum on school security, said Nigeria has increasingly battled threats such as kidnapping, homicide, and the destruction of school property.

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He explained that these challenges have forced many schools to shut down, thereby worsening the problem of out-of-school children and affecting surrounding communities.

He cited the 2021 National Policy on Safety, Security, and Violence-Free Schools, revealing that “more than 600 teachers were killed in attacks, while more than 19,000 were displaced between 2012 and 2016”.

Shogunle said, “Today’s event, Strengthening Security Resilience and Integration of Host Communities, aligns with the national plan on financing safe schools in Nigeria.

“The plan has a national investment response aimed at protecting schools, learners, teachers and non-teaching staff from attacks in all parts of Nigeria and was designed to achieve measurable outcomes such as reducing the number of out-of-school children and improving Nigeria’s rating in the human capital index in the long run.”

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Bauchi State Police Commissioner Sani-Omolori Aliyu also addressed participants at the forum. He confirmed that Nigeria has recorded a disturbing increase in kidnappings, banditry, and attacks targeting students and school staff.

He said these incidents have disrupted learning and spread fear among parents, pupils, and the broader society.

Aliyu revealed, “It was in response to the development that the Nigerian Police collaborated with the federal and state governments and various stakeholders to develop the safe school programme aimed at creating a safe school environment that allows children to pursue their education, free from the spectre of violence or fear.”

He continued, “The Safe School Program is a comprehensive initiative that involves multiple stakeholders and agencies working in unison to prevent attacks, respond effectively in emergencies, and support communities and schools affected by violence.

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“The Safe School Squad will be guided by a comprehensive policy framework that delineates its mandate, functions, and operational protocols.”

Aliyu noted that the unit would collaborate with schools, local communities, and relevant bodies to detect and respond to threats swiftly.

He added that the formation of the squad signifies a major leap in the police force’s dedication to school safety.

“This squad will be rigorously trained and dedicated to tirelessly preventing attacks and effectively addressing emergencies as they arise,” he said.

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He emphasised that “The Safe School Program transcends a mere police initiative; it is a collaborative effort necessitating the engagement of all stakeholders. We earnestly encourage parents, educators, students, and the wider community to support this initiative and join hands with us in ensuring that our schools remain sanctuaries for learning.”

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Viral Video: Aiyedatiwa reenters classroom, educate pupils in Ondo school

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A recent viral video has captured Ondo State Governor, Lucky Aiyedatiwa, returning to his roots as a teacher, engaging with students at an unnamed school.

The video, which was shared on the Governor’s official Facebook page, shows him writing the word “Drugs” on the board and interacting with the pupils during a lesson.

The Governor encouraged the students to name three forms of drugs, prompting active participation from the class.

The video, which quickly gained traction online, was accompanied by the caption, “Once a teacher, always a teacher.” This gesture comes shortly after the Governor’s approval in March 2025 for the recruitment of 1,100 primary school teachers across all 18 local government areas of Ondo State, part of a broader initiative to improve the state’s education system.

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Governor Aiyedatiwa has been vocal about his commitment to educational reform. In his message accompanying the video, he highlighted recent efforts to enhance education in the state, including the distribution of textbooks, Android tablets, and sports equipment to public schools. “This initiative, funded through the 2023/2024 UBEC/SUBEB intervention, underscores our unwavering commitment to quality education for every child, regardless of background,” the Governor said.

Further updates on the state’s educational progress included the construction and rehabilitation of classrooms in over 100 schools, the distribution of more than 75,000 textbooks and digital learning resources, and the recruitment and training of over 2,100 new teachers. Additionally, Aiyedatiwa emphasized his administration’s support for extracurricular activities, such as sports, as an essential part of students’ development.

Governor Aiyedatiwa’s return to the classroom serves as a reminder of his dedication to education and the future of Ondo State’s children. As part of his continued efforts to advance education, he said, “With every book, tablet, and sports kit, we are investing in the leaders of tomorrow.”

Watch video below: https://web.facebook.com/reel/563785076763901

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Four children injured, one loses hand in Borno IED explosion

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An Improvised Explosive Device (IED) detonated in Mafa Local Government Area of Borno State, injuring five children, one of whom suffered the traumatic loss of a hand.

The incident occurred on Thursday, May 8, 2025, around 2:25pm near a culvert along the access road leading to a construction site at the New Mafa Central Mosque.

According to preliminary findings, the children accidentally triggered the hidden IED, which had been concealed in block holes at the site.

The victims, identified as Abdullahi Umar, Musa Mele, Fatima Abatcha, Abba Kawu Muhammed, and Khalid Alhaji Bukar, all residents of Mafa town, sustained varying degrees of injuries from the blast.

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A coordinated emergency response was launched by the Explosive Ordnance Disposal-Chemical, Biological, Radiological, and Nuclear (EOD-CBRN) Unit, officers from the Mafa Police Division, and members of the Civilian Joint Task Force (CJTF).

The area was secured, and a thorough search for secondary devices was conducted. Fragments of the IED, crafted using tin containers, were recovered and safely neutralized.

Four of the injured children were transferred to the University of Maiduguri Teaching Hospital (UMTH) for advanced medical care, while the fifth, who sustained minor injuries, was treated and discharged from Mafa General Hospital.

In the aftermath, the EOD-CBRN team launched an Explosive Ordnance Risk Education (EORE) campaign to sensitize children and residents in Mafa on the dangers of unexploded devices, an ongoing threat in communities still recovering from years of insurgency.

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