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BREAKING: House Approves N54.99 Trillion Budget for 2025

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By Gloria Ikibah

The House of Representatives, during Thursday’s plenary session, approved the 2025 budget totaling N54.99 trillion.

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Chairman of the Appropriations Committee, Rep. Abubakar Kabir Abubakar, presented the committee’s report for the House’s consideration, leading to its adoption.

He said: “That the House do consider the Report of the Committee on Appropriations  a Bill for an Act to authorise the issue from the Consolidated Revenue Fund of the Federation the total sum of N54,990,1 65,355, 396 (Fifty-Four Trillion, Nine Hundred and Ninety Billion One Hundred and Sixty-Five Million, Three Hundred and Fifty-Five Thousand, Three Hundred and Ninety-Six Naira) only, of which N3,645,761,358,925 (Three Trillion, Six Hundred and Forty-Five Billion, Seven Hundred and Sixty-One Million, Three Hundred and Fifty-Eight Thousand, Nine Hundred and Twenty-Five Naira) only is for Statutory Transfers N14,317.142,689,548 (Fourteen Trillion, Three Hundred and Seventeen Billion, One Hundred and Forty-Two Million, Six Hundred and Eighty-Nine Thousand, Five Hundred and Forty-Eight Naira) only is for Debt Service, N13,064,009,682,673 (Thirteen Trillion, Sixty-Four Billion, Nine Million, Six Hundred and Eighty-Two Thousand, Six Hundred and Seventy-Three Naira) only is for Recurrent (Non-Debt) Expenditure while the sum of N23,963, 251,624,250 (Twenty-Three Trillion, Nine Hundred and Sixty-Three Billion, Two Hundred and Fifty-One Million, Six Hundred and Twenty-Four Thousand, Two Hundred and Fifty Naira) only is for contribution to the |Development Fund for Capital Expenditure for the year ending on the 31 December, 2025 (HB. 2021) and approve recommendations therein”.

On December 18, 2024, the House received the committee’s report on the 2025 Appropriation Bill. The following day, December 19, 2024, lawmakers conducted a clause-by-clause review of the bill, which contains 12 clauses, outlined as follows:

“BE IT ENACTED by the National Assembly of the Federal Republic of Nigeria as follows: –
1. Issue and appropriation of =N=54,990,165,355,396 from the Consolidated Revenue Fund of the Federation for 2025.
(i)  The Accountant-General of the Federation shall, when authorised to do so by Warrants signed by the Minister charged with responsibility for finance, pay out of the Consolidated Revenue Fund of the Federation during the year ending on the 31st day of December 2025, the sums specified by the warrants, not exceeding in the aggregate =N=54,990,165,355,396 (Fifty-Four Trillion, Nine Hundred and Ninety Billion, One Hundred and Sixty-Five Million, Three Hundred and Fifty-Five Thousand, Three Hundred and Ninety-Six Naira)only,  for the year ending on the 31st day of December, 2025.
First Schedule
(ii)    The amount mentioned in subsection (1) of this section shall be appropriated to heads of expenditure as indicated in the Schedule to this Bill
(iii)    No part of the amount aforesaid shall be released from the Consolidated Revenue Fund of the Federation after the end of the year mentioned in subsection (1) of this section.
“2. Release of funds from the Consolidated Revenue All amounts appropriated under this Bill shall be released from the Consolidated Revenue Fund of the Federation only for the purpose specified in the Schedule to this Bill.
“3. Virement In the event that the implementation of any of the projects intended to be undertaken under this Bill cannot be completed without virement, such virement shall only be effected with the prior approval of the National Assembly.
“4. Corrigendum: Any error in the schedule to this Bill that may hinder the implementation of projects and programs in Ministries, Departments and Agencies may be corrected through a corrigendum issued by the National Assembly: in any of the following circumstances:
(a) If the total sum of the project or program is not affected;
(b) Where the projects or programs are domiciled in Ministries, Departments and Agencies that lack jurisdiction to execute such projects;
(c) Where the execution of projects or programs by Ministries, Departments and Agencies are overtaken by event; and         (d) Where projects are wrongly coasted, sited or posted to Ministries, Departments or Agencies
“5. Excess Revenue
(i) The Accountant-General of the Federation shall immediately upon the coming into force of this Bill maintain a separate record for the documentation of Revenue accruing to the Consolidated Revenue Fund in excess of oil price benchmark adopted in this Budget.
(ii) Such revenues as specified in Sub-section (1) of this section refers to Revenues accruing from sales of government crude oil in excess of the approved benchmark price per barrel, the Petroleum Profit Tax and Royalty on Oil and Gas
“6. Authorization
(i) No funds shall be paid out of the monies arising from the record specified in Section 5 (1) except by an Act/approval of the National Assembly.
(ii) The Accountant-General of the Federation shall forward to the National Assembly full details of funds released to the government Agencies immediately such funds are released.
“7. Information on Funds Releases
The Minister of Finance shall ensure that funds appropriated under this Act are released to the appropriate agencies and or organs of government as and when due, provided that no funds for any quarter of the fiscal year shall be deferred without prior waiver from the National Assembly.
“8. Due Process Certification: The department of government charged with the responsibility of certifying that due processes have been complied with in the processing of implementation of projects shall ensure that all processes of approval are completed within the specified period as provided for in the Public Procurement Act.
“9. Information on internally generated revenue, domestic and foreign assistance    All Accounting Officers of Ministries, Parastatals and Departments of Government who control heads of expenditures shall upon the coming into effect of this Bill furnish the National Assembly on quarterly basis with detailed information on-
(a) the Internally Generated Revenue of the agency in any form; and
(b) all foreign and domestic assistance received from any agency, person or organisation in any form.
“10. Power of Nigerian Embassies and Missions  The Missions and Embassies shall constitute their Tender Board as in a Parastatal’s Tenders Board (PTB) within the requisite threshold in compliance with the extant Executive Circular and the Provisions of the Public Procurement Act.
“11. Detailed estimate: The detailed estimates of expenditure are set out in the Second Schedule to this Bill.
“12. Expiry  Constitution, 1999: In line with the provisions of section 318 of the Constitution of the Federal Republic of Nigeria, this Bill expires after 12 months, starting from 1st day of January to 31st day of December, 2025 when asented to.
“Short Title: This Bill may be cited as the Appropriation Bill, 2025”.

The House convened in the Committee of Supply, with Speaker Tajudeen Abbas overseeing the review of budgetary allocations.

During deliberations, Rep. Chinedu Ogar noted the absence of funding for light rail projects in the South East. In response, the Speaker assured that the matter would be brought to the President’s attention and could be addressed through a supplementary budget.

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Following this, the House resumed plenary, where Majority Leader Rep. Julius Ihonbvere moved for the adoption of the report as a working document. The motion received unanimous approval, leading to the final reading and passage of the 2025 Appropriation Bill.

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Lagos police uncover baby factory, nab three suspects

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The Lagos State Police Command has uncovered a baby factory in the Ijegun area and rescued 10 people.

According to the spokesperson for the command, Benjamin Hundeyin, also shared that three suspects were nabbed on Monday.

Hundeyin disclosed the illegal activity was exposed after the police received a tip-off last Saturday.

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He added that the officers swift into action to the location and arrested the main suspect, Mariam Vincent, aged 35, along with two others – Orie Ruth, 23, and Ujunwa Ifeanyi, 18.

During the operation, the police found and rescued several victims, including three children aged seven, five, and two.

In conclusion, seven adult women and three children were rescued.

Among the adult victims were Precious
(24), Magdalene (25), Adaobi (23), Princess (22), Ifeanyi (25), and Amaka (26).

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The rescued children are Destiny (7), Miracle (5), and Success (2).

All the rescued people are now getting proper care and support.

Hundeyin said the suspects admitted during questioning that they kidnapped the victims from different places in the state to run the baby factory.

He added that the investigation is still ongoing and the suspects will face charges in court.

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While giving updates on police efforts over the past two weeks,

Hundeyin said, “A total of 39 suspects who engaged in various crimes, including murder, kidnapping, armed robbery, rape, child stealing, vandalism, illegal operation of a baby factory, illegal possession of firearms, and illicit drugs were arrested.”

In another case, police officers rescued two kidnapped people in Igbe Alagemo, Ijede area of Ikorodu.

The kidnappers had attacked the community at night on March 26, 2025.

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The police said the victims were safely rescued on March 29 after a joint effort with local teams and security forces.

A distress call had been received around 9 p.m. on the night of the attack.

Hundeyin explained, “Armed kidnappers invaded the quiet community, forcefully entering the residence of a 40-year-old man identified as Dare. The attackers shot and killed his security dog before abducting him.

“Not stopping there, the kidnappers proceeded to a neighbouring house, where they seized a second victim, 25-year-old Rodiat, under similarly violent circumstances.”

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He said the police and other security teams worked non-stop for three days before rescuing the victims at about 11:56 p.m. on March 29.

“The victims were immediately reunited with their families, and the area is now relatively calm.

“Surveillance continues, and an investigation is underway to identify and apprehend the perpetrators of the crime,” he added.

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OERAF Executive Director Dr Akpodiete, Held Memorial lecture on Essence and benefits of health insurance+Photos

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…Enrolled over 400 indigents into Delta state health insurance scheme

In a very unique and significant way of tackling health challenges in our society, the ever passionate and health insurance ambassador (HIA), Executive Director of Olotu & Ekuogbe Rowland Akpodiete Foundation (OERAF) Dr Otemu Olotu Akpodiete held memorial lecture on essence and benefits of health insurance in Nigeria in honour of his late grand father, Late Chief Ekuogbe Rowland Akpodiete Ph.D

Speaking during the event at both Okparabe and Otor-Udu respectively yesterday, he noted that health insurance is very important to every family in the society.

Akpodiete explained that, Sometimes there might be an emergency and if you don’t have health insurance, you will spent alot before you can be attended to by Medical organizations. But if there’s health insurance card with you it get easier.

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“He further commended the Delta state government led by His Excellency, Rt Hon (Elder) Sheriff Oborevwori, for brining this good initiative and it’s very affordable, just with seven thousands naira, you get enrolled unlike the federal government that is almost forty thousand per person.” he added.

The Director General (DG) of the Delta State Contributory health commission, Olorogun Dr. Isaac Akpoveta ably represented by Mr. Emmanuel Akpofure, thanked the sponsor Dr Akpodiete for being the first person across Ughelli/Udu Federal Constituency to register indigents for the scheme. He called on other wealthy individuals to emulate this young man.

Dr Akpodiete also received commendation from several beneficiaries of the scheme, they said that to enrole over 400 persons in this program so far is not a joke, each person is seven thousand naira and Dr Olotu Akpodiete is not the most wealthiest before doing it. He is a man with so much passion for humanity and we prayed God to grant him his heart desires.” they concluded.

Other highlights of the event was presentation of health insurance ambassador (HIA) award to the sponsor.

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Just in: Founder of Diamond Bank and ex-chairman of MTN, Paschal Dozie is dead

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Pascal Gabriel Dozie, founder of the defunct Diamond Bank Plc and a former chairman of MTN Nigeria, has died at 85 from an undisclosed ailment, a source close to the family revealed.

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