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

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.”
“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.
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%).
News
Olorogun Olori hails Wike’s political sagacity in South South

Elder statesman, Olorogun Morrison Olori, has hailed the Minister of the Federal Capital Territory, Chief Nyesom Wike, for his outstanding political leadership in the South-South region and his strategic role in advancing President Bola Ahmed Tinubu’s Renewed Hope Agenda.
Olori, an octogenarian and chieftain of the All Progressives Congress (APC) in Delta State, particularly praised Wike for his transformative work as Minister of the Federal Capital Territory (FCT).
In a statement made during a public policy dialogue in Abuja, Olorogun Olori hailed Chief Wike as “a tireless bridge-builder and result-oriented leader who has brought stability and strategic political direction to the South-South and beyond.”
Chief Wike has not only strengthened the political base of the South-South region but has also become a key player in driving the Renewed Hope Agenda of President Tinubu through inclusive governance and infrastructural transformation,” Olori said.
Highlighting Wike’s impact as FCT Minister, Olori pointed to the minister’s record-setting performance in the signing of over 5,000 Certificates of Occupancy, as well as his aggressive infrastructure renewal across the city, including road expansions, urban beautification, and housing developments. He described Wike’s efforts as “a masterclass in leadership and vision.”
“His work in Abuja has demonstrated that the Renewed Hope Agenda is not just a slogan—it is being implemented in concrete ways. He is delivering real, visible change,” Olori noted.
Olorogun Olori also emphasized Wike’s political courage in rallying support for national unity and economic revival, particularly in the South-South geopolitical zone, where he continues to serve as a stabilizing force and a voice of progress.
“Wike has used his influence not for personal gain, but to elevate the South-South and to help President Tinubu consolidate the gains of this administration,” Olori added. “This kind of partnership between the presidency and regional leaders is exactly what Nigeria needs right now.”
Olori, however, urged other political leaders to emulate Wike’s commitment to excellence and patriotism, emphasizing that Nigeria needs more leaders who “serve with sincerity and deliver with impact.”
News
Nigeria Felicitates with South Africa on 31st Freedom Day Anniversary

By Gloria Ikibah
Nigeria has congratulated South Africa on the celebration of its 31st Freedom Day anniversary, marking more than three decades since the end of apartheid rule.
This was contained in a statement issued by the Ministry of Foreign Affairs, on Sunday in Abuja, the Minister, Ambassador Yusuf Maitama Tuggar, extended warm greetings to his South African counterpart, His Excellency Ronald Lamola, Minister of International Relations and Cooperation.
Ambassador Tuggar described the day as a reminder of the historic victory of democracy over apartheid and a celebration of the resilient and unified spirit that continues to shape South Africa’s journey.
“Nigeria and South Africa share a profound bond forged through decades of solidarity in the liberation struggle. As we reflect on this milestone, we recall Nigeria’s unwavering support for the anti-apartheid movement, including diplomatic, material, and moral contributions that underscored our commitment to justice and the ethos of pan-Africanism,” the statement read.
Highlighting the strong bilateral ties between the two countries, Tuggar emphasized the shared responsibility Nigeria and South Africa have in promoting peace, security, and inclusive development across the African continent.
He noted that as Africa’s two largest economies and democracies, there is a need to strengthen collaboration in areas such as trade and investment through the African Continental Free Trade Area (AfCFTA), as well as cultural exchanges and youth empowerment.
“Therefore, on this Freedom Day, we stand with South Africa in honouring the sacrifices of heroes like Walter Sisulu, Nelson Mandela, Govan Mbeki, Thabo Mbeki and recommit to working together to realize the vision of a prosperous, peaceful, and united Africa,” he added.
News
Enugu Reps caucus backs concessioning of Enugu airport

The Enugu Caucus in the House of Representatives has thrown its weight behind the Federal Government’s plan to concession the Akanu Ibiam International Airport, Enugu, describing it as a potential catalyst for the Southeast economy.
The caucus commended the Federal Government for the initiative and urged it to hasten the process to enable the people of the Southeast and the nation to benefit from it in earnest.
It also called on the people of the region to support the concession as the only way to guarantee sustainable investment to fully develop the airport into a truly international facility.
-
News14 hours ago
Just in: Senator Natasha tenders satirical ‘apology’ to Akpabio
-
News8 hours ago
Insecurity: BUDA urges govt to quickly rescue Baruten from terrorists
-
News10 hours ago
UNUSUAL! Without invitation, Police declared me wanted — Daughter of ABC Transport owner
-
News5 hours ago
Breaking: Late gospel singer Osinachi’s husband sentenced to death by hanging
-
News6 hours ago
Weeks to 2nd anniversary, Niger deputy gov, plans to resign, move out personal effects
-
News22 hours ago
Benue LG chairman gives Fulanis 48hrs to leave all farmlands
-
News23 hours ago
Five suspected kidnappers eliminated by police in Delta
-
Metro15 hours ago
‘My husband always makes love throughout the night until morning’ – Woman Wants Divorce