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Reps Debate 2025 Budget Estimates, Demand Better Allocation for Security, Agriculture

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By Gloria Ikibah

The House of Representatives has approved the 2025 budget proposal for a second reading, calling for better funding for security and agriculture.
During Thursday’s plenary, presided over by Speaker Tajudeen Abbas, lawmakers debated the N49.7 trillion budget presented by President Bola Tinubu.
The debate was sequel to the adoption of a motion moved by the House Leader, Rep. Julius Ihonvbere to authorize withdrawals from the Consolidated Revenue Fund.
Rep. Ihonvbere who called for support, emphasised that the budget addresses key national challenges, “This proposal focuses on issues affecting Nigerians. It deserves swift consideration and passage”.
The budget highlighted defence, infrastructure, and human capital development. Defence and security were allocated N4.91 trillion, infrastructure N4.06 trillion for key highways, while education and health sectors received N3.52 trillion and N2.48 trillion respectively. The budget projects N34.82 trillion in revenue, leaving a N13.39 trillion deficit to be financed through borrowing.
Key economic assumptions include reducing inflation from 34.6% to 15% and improving the naira exchange rate from N1,700/$ to N1,500/$. Oil production is targeted at 2.06 million barrels per day.
Lawmakers’ Contributions
Rep Abdussamad Dasuki, lawmaker representing Kebbe/Tambuwal federal constituency of Sokoto state, commended President Tinubu’s leadership but called for a review of budget estimates. He also criticized the allocation to the North-West Development Commission, questioning the criteria used.
“On paper, this budget looks robust, but in dollar terms, it falls short. The Finance Committee must address this,” he urged.
Rep Ismaila Dabo (Bauchi) emphasised the need for adequate funding for agriculture, citing rising food prices. He also urged the government to focus on revenue generation rather than excessive borrowing.
“Inflation on food is unbearable. Agriculture needs proper funding to ease the burden on Nigerians,” he said.
Rep Ahmad Jaha, representing Damboa/Gwoza/Chibok, Federal constituency of Borno state stressed the importance of security funding.
“Security is crucial to achieving other targets, including oil production. The N4.91 trillion allocated is inadequate,” he noted.
Rep Jeremiah Umaru from Nasarawa State,  questioned the allocation to the South-West Development Commission (SWDC), even as he cited the absence of a constituted board and argued that the allocation was premature.
Deputy Chief Whip, Rep. George Ozodinobi advocated increased funding for the South-East Development Commission (SEDC).
“The allocation for the SEDC is insufficient for its take-off. More funding is needed,” he argued.
Concerns Over Projections
Minority Leader, Rep. Kingsley Chinda criticized the economic targets, and said that they are unrealistic.
“Reducing inflation to 15% and improving the exchange rate to N1,500/$ are overly ambitious. These projections do not align with current realities,” he stated.
Call for Peace Initiatives
Rep Chike Okafor from Imo state, urged the Federal Government to explore non-violent solutions to security challenges, including the release of Nnamdi Kanu.
“Releasing Kanu could aid peace efforts in the South-East,” he said.
The House adjourned plenary until January 14, 2025.
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Just in: Gov Soludo reveals those behind kidnapping in SE, says it’s now a lucrative biz

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… better than oil and drug peddling

Governor Charles Soludo of Anambra State on Saturday disclosed that arrested Finland-based self-acclaimed Biafra agitator, Simon Ekpa “has continued kidnapping for ransom.

Soludo said kidnapping is currently a business that is more lucrative than drugs and oil.

The governor who spoke in Awka, the state capital, said before he became governor, eight local government areas in the state were being controlled by gunmen.

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Soludo also recalled how his father was kidnapped in 2009.

 

He said: “Kidnapping is not new, my father had been kidnapped as far back as 2009. GU Okeke, Pokobros and many others have fallen victim too.

 

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“Before I assumed office, about eight local government areas were being controlled by gunmen.

“They killed policemen and collected guns, attacked and burnt down police stations and went into the bush to label themselves liberators.

We came in and went to work and cleared them and we recovered the eight local government areas that were under siege. These gangs claim to be Biafra freedom fighters. IPOB has dissociated themselves from it, but one Simon Ekpa has continued kidnapping for ransom.

 

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“Kidnapping for ransom is now the most lucrative enterprise, even more lucrative than drugs and oil. For every one naira reported as payment for ransom, five to six naira was not reported.

 

“With a culture that celebrates wealth without craft, even the kidnappers amongst us are now celebrated. Idolatry which these criminals have converted to have become the fastest growing religion in the South-East. Nothing is sacred to them anymore.”

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Just in: Obi angry over exorbitant charges by POS operators despite hardship

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Ex-governor of Anambra State and presidential candidate of the Labour Party, LP, in the 2023 general election, Mr Peter Obi has protested the level of hardship faced by the poor in Nigeria.

The former governor spoke during a visit to the Archbishop Province on the Niger and Bishop of Awka Diocese of Church of Nigeria Anglican Communion, His Grace Alexander Ibezim.

He said: “The hardship in Nigeria is too much, how can the ordinary people survive. The woman who sells pepper by the road side has to pay huge charges to get her own money. How much is her profit margin and how much will remain after paying charges?

“No country is run like that. Don’t bother to interview me on that, I will write officially to the President on this and state all these things.

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“These (POS Charges) is too much, no country is run like this,” Obi told journalists who approached him to speak on the matter.

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Oborevwori expresses sadness over Edna Ibru’s passage

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Delta State Governor, Hon. Sheriff Oborevwori, has commiserated with the Ibru family of Agbarha-Otor in Ughelli North Local Government Area of the State on the death of their wife and mother, Mrs. Edna Ibru.

Mrs Ibru, who reportedly died after a brief illness, was the wife of late Olorogun Senator Felix Ovuodoroye Ibru, first Executive Governor of Delta State.

A former Miss Nigeria, Mrs Ibru in 1964, died in London after a brief illness on Wednesday.

In a statement by the Chief Press Secretary to the Governor, Sir Festus Ahon, the governor described the demise of Mrs Ibru as sad and painful, adding that she was a loving wife and mother who supported her husband and family in all his noble endeavours.

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He said, “On behalf of the government and people of Delta, I mourn the passing of a great woman of substance, a caring mother and loving wife, Mrs Edna Ibru.

“The news of her death came to me as a shock, especially now that the family members needed her motherly and wise counsel.

“She was a woman of faith who devoted her time in supporting her husband’s political career which culminated in his election as the first Executive Governor of Delta State.”

Oborevwori prayed to God to accept the soul of the deceased and grant fortitude to the family and friends she left to bear the loss.

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