Breaking
PRESENTATION BY HIS EXCELLENCY, PRESIDENT BOLA AHMED TINUBU, GCFR OF THE 2025 BUDGET OF RESTORATION: SECURING PEACE, REBUILDING PROSPERITY* *TO* *A JOINT SESSION OF THE NATIONAL ASSEMBLY ON WEDNESDAY 18TH DECEMBER, 2024
PROTOCOLS:
— The Vice President, Senator Kashim Shettima
— Senate President, Distinguished Senator Godswill Akpabio
— Right Honourable Speaker, Tajudeen Abbas
— National Chairman of our great party, Excellency, Abdullahi Umar Ganduje
— State Governors here present
— Distinguished Leaders and Members of the National Assembly
— Senior Government Officials here present
— Gentlemen of the press,
My Fellow Nigerians,
1. In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the 10th National Assembly.
2. On this day, before this hallowed chamber, I present to you the 2025 Budget at a time when our country is at a crucial point in its development trajectory.
3. The 2025 Budget Proposal again reinforces our administration’s roadmap to secure peace, prosperity, and hope for a greater future for our beloved nation. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
CURRENT ECONOMIC REALITIES AND PROGRESS
10. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly, I report today that our economy is responding positively to stimulus. Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages through public expenditures and specific non-inflationary spending.
11. The reforms we have instituted are beginning to yield results. Nigerians will soon experience a better and more functional economy.
12. Global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.
o Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.
o Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.
o 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.
13. 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.
2024 BUDGET PERFORMANCE
14. I am happy to inform this National Assembly that our administration attained remarkable milestones in implementing the 2024 Budget. In 2024, we achieved:
o 14.55 trillion naira in revenue, meeting 75 percent of our target as of the third quarter.
o 21.60 trillion naira in expenditure, representing 85 percent of our target, also in the third quarter.
15. While challenges persist, we improved revenue collection and fulfilled key obligations. The transformational effects of this on our economy are gradually being felt.
PHILOSOPHY OF THE 2025 BUDGET
16. The 2025 Budget seeks to:
o Restore macroeconomic stability.
o Enhance the business environment.
o Foster inclusive growth, employment, and poverty reduction.
o Promote equitable income distribution and human capital development.
17. Our budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the Renewed Hope Agenda and its developmental objectives.
2025 BUDGET OVERVIEW
18. 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.
o In 2025, we are targeting 34.82 trillion naira in revenue to fund the budget.
o Government expenditure in the same year is projected to be 47.90 trillion naira, including 15.81 trillion naira for debt servicing.
o A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit.
19. This is an ambitious but necessary budget to secure our future.
20. 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).
21. These projections are based on the following observations:
o Reduced importation of petroleum products alongside increased export of finished petroleum products.
o Bumper harvests, driven by enhanced security, reducing reliance on food imports.
o Increased foreign exchange inflows through Foreign Portfolio Investments.
o Higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.
KEY PRIORITIES: REBUILDING NIGERIA
22. Our budgetary allocations underscore this administration’s strategic priorities, particularly in advancing the Renewed Hope Agenda and achieving its developmental objectives.
23. Highlights of the 2025 Budget Allocations:
• Defence and Security: N4.91 trillion
• Infrastructure: N4.06 trillion
• Health: N2.48 trillion
• Education: N3.52 trillion
24. As we embark on implementing the 2025 Budget, our steps are deliberate, our decisions resolute, and our priorities are clear. This budget reflects a renewed commitment to strengthening the foundation of a robust economy, while addressing critical sectors essential for the growth and development we envision.
Securing Our Nation:
25. Security is the foundation of all progress. We have significantly increased funding for the military, paramilitary, and police forces to secure the nation, protect our borders, and consolidate government control over every inch of our national territory. The government will continue to provide our security forces with the modern tools and technology they need to keep us safe. Boosting the morale of our men and women in the armed forces will remain our government’s top priority.
26. The officers, men, and women of our Armed Forces and the Nigerian Police Force are the shields and protectors of our nation. Our administration will continue to empower them to defeat insurgency, banditry, and all threats to our sovereignty. Our people should never live in fear—whether on their farmlands, highways or cities. By restoring peace, we restore productivity, revive businesses, and rebuild our communities.
Infrastructure Development:
27. When we launched the Renewed Hope Infrastructure Development Fund, it was with the conviction that infrastructure remains the backbone of every thriving economy. Under this programme, we are accelerating investments in energy, transport, and public works. By leveraging private capital, we hope to complete key projects that drive growth and create jobs. We have already embarked on key legacy projects: Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway, which will have a huge impact on the lives of our people and accelerate economic output.
Human Capital Development:
28. Our people are our greatest resource. That is why we are making record investments in education, healthcare, and social services:
o Our administration has so far disbursed 34 billion naira to over 300,000 students via the Nigeria Education Loan Fund (NELFUND). In the 2025 Budget, we have made provision for 826.90 billion naira for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education (UBEC) and the nine new higher educational institutions.
o We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated 402 billion naira for infrastructure investments in the health sector in the 2025 Budget and another 282.65 billion naira for the Basic Health Care Fund. Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians. This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.
Revitalizing Agriculture:
29. Increasing agricultural production is central to our food security agenda, but insecurity has crippled this vital sector. We are supporting our farmers with funding and inputs to reignite productivity. Food security is non-negotiable. In this regard, we are taking bold steps to ensure that every Nigerian can feed conveniently, and none of our citizens will have to go to bed hungry.
30. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly and fellow Nigerians, our 2025 budget proposal is not just another statement on projected government revenue and expenditures. It is one that calls for action.
31. Our nation faces existential threats from corruption and insecurity and suffers from many past poor choices. These challenges are surmountable when we work collaboratively to overcome them. We must rewrite the narrative of this nation together, with every leader, institution, and citizen playing their part.
32. 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.
33. As your President, I remain committed and resolute to continue to lead the charge.
34. 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.
35. It is with great pleasure, therefore, that I lay before this distinguished Joint Session of the National Assembly the 2025 Budget of the Federal Government of Nigeria titled “The Restoration Budget: Securing Peace, Rebuilding Prosperity.
36. May God bless our Armed Forces and keep them safe. May God bless the Federal Republic of Nigeria.
Thank you.
*Bola Ahmed Tinubu, GCFR*
President, Commander-in-Chief of The Armed Forces,
Federal Republic of Nigeria
By: Divine Perezide
Tuomo Community in Burutu Local Government Area of Delta State is set to enjoy renewed peace following the successful intervention of Tantita Security Services Nigeria Limited in a long-standing leadership crisis.
In line with the vision of its founder and Chairman, High Chief (Dr.) Government Oweizide Ekpemupolo, popularly known as Tompolo, the security outfit facilitated reconciliation between rival factions that had been locked in a bitter dispute over the community’s Chairmanship position.
The peace initiative was spearheaded Mr. Victor Oyinkepreye Isereke, an esteemed son of the community and respect opinion leader. Months of tension – marked by arson, physical injuries to person’s, forced exile, and deep divisions – came to a remarkable end as the elected Chairman and his rival shared a warm embrace for the first time in months.
The reconciliation process was steered by the Peace Committee led by Pastor Akpos Seimode, the Community Laison Officer of Tantita Security, with members including Comrade Emmanuel Gesikeme Akpule, Principal Secretary to the Tantita General Manager (Operations), Chief Godfrey Tare Pondi, Mr. Victor Isereke, Mr. Isereke Roland, and Prince Dr. Peretengboro Klintin Bibaikefie, CEO of IduwiniVoice who was privileged to be in attendance.
Both factions expressed satisfaction with Tantita’s mediation approach and pledged to uphold the terms of the peace accord.
To ensure lasting stability, a five-man subcommittee led by Mr. Victor Isereke has been tasked with assessing damages to property, identifying injured and displaced persons, and submitting its findings to the central peace committee for prompt restitution.
The community chairman has also committed to convening a generl Congress to formally announce the peace settlement and assured residents that no Tuomo indigene will be subjected to harassment or violent intimidation under his leadership.
Observers believe this agreement, achieved through the combined efforts of Tantita Security and local stakeholders, could mark the beginning of enduring unity in Tuomo, restoring the community’s long-standing reputation for peace and brotherhood.
(c) IduwiniVoice.
Breaking
Ikantu, Zou-Alagha Communities in Gbaramatu Kingdom Get Road Project After Declaring They Are Gbaramatu laws
By IduwiniVoice News Service / July 22, 2025/ Asaba, Delta State
In a major infrastructural breakthrough for the riverine Communities of Gbaramatu kingdom, the Delta State Executive Council, under the leadership of Governor Sheriff Oborevwori, has approved the construction of internal roads in lkantu and Zou-Alagha-two Communities in warri South-West Local Government Area.
The approval, announcement late Tuesday by Governor Oborevwori following the weekly EXCO meeting held at Government House, Asaba, marks a significant reward for the two Communities, which had recently reaffirmed their ancestral identity as part of the larger Gbaramatu ljaw nation.
The move is seen as both a political and developmental milestone, coming after the communities’bold declaration of their ethnic and cultural allegiance to the Gbaramatu kingdom. The declaration is believed to have paved the way for increased attention from the state government, which had previously been accused of neglecting remote riverine settlements.
This is a dream come true for our people,” said a jubilant youth leader from lkantu. “We’ve waited years for this kind of attention. Now that we’ve openly declared who we are-true Gbaramatu ljaws-the government has responded with a project that will change our lives.”
The construction of internal roads in lkantu and Zou-Alagha is among several key infrastructural projects approved by the Council in what is being described as Governor Oborevwori’smost ambitious development rollout yet. Other major projects approved including:
* Design and construction of a flyover bridge at Uromi Junction in Agbor, lka South LGA
* Flyover construction across Ughelli/Patani (East- West) Highway at Otovwodo Junction, Ughelli
Others include;
– Construction of Kolokolo/Tisun Road, Warri North Local Government Area
– Rehabilitation of Bomadi/Gbaregolor Road, Bomadi Local Government Area
– Completion of the construction of Bulu-Angiama Road, off Ughelli/Patani
– Completion of the construction of Ituru Road, Elume, Sapele Local Government Area
– Completion of the construction of Unoghovo Community Road from Benin Expressway to Ovade in Oghara, Ethiope West Local Government Area
– Construction of internal roads in the College of Education, Mosogar (Phase I), Ethiope West Local Government Area
– Construction of internal roads in Jjaghala, Warri South-West Local Government Area
– Reconstruction and asphalt overlay of Emu-Obodeti-Abbi-Abraka Road (from Emu-Obodeti Junction to Abraka), Ndokwa West Local Government Area
– Construction of internal roads in Kantu, Warri South-West Local Government Area
– Construction of access roads leading to Model Technical College, Obiaruku, in Ukwuani Local Government Area (Phase II)
– Construction of flood control measures from Orikeze Avenue Junction through Obi, Enumah, and Uromi Roads to Orogodo River, Ika South Local Government Area
– Completion of the construction of Olikili Layout Roads (Mike Arinze Street, Ezeweani Way, Tony Bakasi Street, Trust in God Lane, Emeka Obiokolo Street with spur to two closes, off Ibusa Road), Asaba, Oshimili South Local Government Area
– Reconstruction of Dual Carriageway Warri – Sapele Road (from the end of the U-turn at Spare Parts Market, Effurun, to after Ohore Junction, before Omenta Bridge) in Uvwie and Okpe Local Government Areas
– Construction of Oko-Amakom/Oko-Obiokpu/Oko-Anala/Oko-Ogbele Road (Phase II), Oshimili South Local Government Area
– Construction of Okowa Crescent, off Ughelli/Patani Expressway, Ughelli, Ughelli North Local Government Area
– Construction of flood control measures on Summit Road through Nwelih Street, St. Patrick’s College, West End Mixed Secondary School, Uche Medua Igeh Close, Amilimocha Stream, Oshimili South Local Government Area.
According to the Governor, the projects are part of his administration’s “MORE Agenda” to deliver Meaningful Development, Opportunities for All, Realistic Reforms, and Enhanced Peace and Security.
“We give God praise for this successful EXCO meeting toady,” Governor Oborevwori stated. “This government is committed doing MORE for All Deltans, especially those in undeserved communities.”
The recognition and inclusion of Ikatu and Zou-alagha (Jjaghala) in the state’s development plan is also being seen as a victory for traditional leaders and stakeholders in the Gbaramatu Kingdom, who have consistently pushed for the equitable distribution of government infrastructure across their communities.
It will be recalled that, Ikantu and Zou-alagha (Ijaghala) communities laid to to rest and age-long dispute on whether they were Itsekiri or Ijaw communities, by declaring in separate World Press Confidences that, they were Ijaw communities from the Gbaramatu Kingdom. These claims were backed by historical facts linking them to the Gbaramatu people rather than the Itsekiris who have sustained their own claims of these communities being part of the Itsekiri kingdom.
Community and kingdom elders and leaders have described the road projects as “a long-awaited token of justice” adding that the communities eventual declaration of their true identity may have ushered in ancestral blessings as prayed for during the press conferences. They further called on the government to ensure timely execution and local content participation.
With contractors expected to mobilize in the coming weeks or months the people of Ikantu and Zou-alagha are preparing to welcome a new era of mobility, commerce, and inclusion-a long strides from the days of abandonment, and a strong signal that truth, identity, and unity still matter in the politics of development.
By Favour Bibaikefie, July 22, 2025
Asaba, Delta State – In a bold move to expand infrastructure across Delta state, Governor Sheriff Oborevwori has announced that the Delta State Executive Council (EXCO) has approved the design and construction of two new flyovers, alongside a host of other road and developmental projects across various local government areas.
The landmark decision was made during the State Executive Council meeting held Tuesday at Government House, Asaba, and disclosed via a Facebook post by the governor himself.
According to the statement, the two major flyover projects will be located at:
* Uromi Junction in Agbor, Ika South Local Government Area, and
* Otovwodo Junction, along the Ughelli/Patani axis of the East-West Highway, in Ughelli North Local Government Area.
These flyovers are expected to significantly ease traffic congestion and boost economic activity in their respective zones, particularly in Agbor and Ughelli, which are key transportation and commercial hubs in Delta State.
In addition to the flyovers, the Exco approved a comprehensive list of road construction, rehabilitation, and flood control projects spread across the three Senatorial Districts of the state. These include:
*
– Construction of Kolokolo/Tisun Road, Warri North Local Government Area
– Rehabilitation of Bomadi/Gbaregolor Road, Bomadi Local Government Area
– Completion of the construction of Bulu-Angiama Road, off Ughelli/Patani
– Completion of the construction of Ituru Road, Elume, Sapele Local Government Area
– Completion of the construction of Unoghovo Community Road from Benin Expressway to Ovade in Oghara, Ethiope West Local Government Area
– Construction of internal roads in the College of Education, Mosogar (Phase I), Ethiope West Local Government Area
– Construction of internal roads in Jjaghala, Warri South-West Local Government Area
– Reconstruction and asphalt overlay of Emu-Obodeti-Abbi-Abraka Road (from Emu-Obodeti Junction to Abraka), Ndokwa West Local Government Area
– Construction of internal roads in Kantu, Warri South-West Local Government Area
– Construction of access roads leading to Model Technical College, Obiaruku, in Ukwuani Local Government Area (Phase II)
– Construction of flood control measures from Orikeze Avenue Junction through Obi, Enumah, and Uromi Roads to Orogodo River, Ika South Local Government Area
– Completion of the construction of Olikili Layout Roads (Mike Arinze Street, Ezeweani Way, Tony Bakasi Street, Trust in God Lane, Emeka Obiokolo Street with spur to two closes, off Ibusa Road), Asaba, Oshimili South Local Government Area
– Reconstruction of Dual Carriageway Warri – Sapele Road (from the end of the U-turn at Spare Parts Market, Effurun, to after Ohore Junction, before Omenta Bridge) in Uvwie and Okpe Local Government Areas
– Construction of Oko-Amakom/Oko-Obiokpu/Oko-Anala/Oko-Ogbele Road (Phase II), Oshimili South Local Government Area
– Construction of Okowa Crescent, off Ughelli/Patani Expressway, Ughelli, Ughelli North Local Government Area
– Construction of flood control measures on Summit Road through Nwelih Street, St. Patrick’s College, West End Mixed Secondary School, Uche Medua Igeh Close, Amilimocha Stream, Oshimili South Local Government Area.
Governor Oborevwori reaffirmed his administration’s commitment to delivering the “MORE Agenda,” which stands for Meaningful Development, Opportunities for All, Realistic Reforms, and Enhanced Peace and Security.
“We give God praise for a successful EXCO meeting toady,” the governor wrote. ” We will continue to do MORE for Deltans.”
The newly approved projects have been widely welcomed by communities and stakeholders across the state, who see them as a sign that the administration is taking tangible steps to address infrastructure decay, flood control, and road connectivity in both urban and rural areas.
As the state prepares to roll out contractors for project implementation, attention will now turn to timelines, transparency, and local involvement in execution. With this latest EXCO decision, Governor Oborevwori continues reinforce his administration’s focus on inclusive development and strategic