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2025 budget proposal scales second reading at national assembly

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The 2025 appropriation bill has scaled the second reading at the national assembly.

The budget passed the second reading during plenary on Thursday after an extensive debate by legislators in the senate and the house of representatives.

On Wednesday, President Bola Tinubu presented a record N49.7 trillion as the proposed budget for 2025 to a joint session of the upper and lower legislative chambers.

The lawmakers, at plenary on Thursday, took turns elaborating on the general principles of the money bill, offering recommendations that included thorough scrutiny of the budget breakdown during engagements with heads of ministries, departments, and agencies (MDAs).

Leading the debate, Julius Ihonvbere, majority leader of the green chamber, said the budget would improve the nation’s economy and consolidate the achievements of the president.

In his debate, Kingsley Chinda, minority leader, said Tinubu’s assertion that the budget would reduce inflation from the current 34.6 percent to 15 percent is “ambitious” and not realistic.

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The ranking lawmaker said the allocation of N4.91 trillion to defence and security “will not take us to the promised land”.

He said the budget should also prioritise human capital development and environmental sustainability.

“The budget might appear very beautiful but there is much more for us to do as a nation,” Chinda said.

‘2025 BUDGET IS INADEQUATE’

Oluwole Oke, a Peoples Democratic Party (PDP) from Osun, said the budget is “grossly inadequate” and won’t sufficiently fund development projects.

Abdussamad Dasuki from Sokoto corroborated Oke’s position, describing the budget as inadequate.

“The budget may look robust on paper but if you convert it to the dollar, you will realise that the budget is not where we should be,” he said.

“With the challenges we have, if you convert it to dollars, the nation will be inadequately provided for. I urge the relevant committees particularly the committee on finance to work on this.”

Also speaking, Ismaila Dabo from Bauchi called for increased allocation to the agricultural sector to boost food production.

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“Inflation is on food items and Nigerians are finding it difficult to cope. I urge the house to do everything possible to ensure enough allocation is reserved for agriculture,” he said.

Some lawmakers from the north-east and south-east geopolitical zones demanded more funding for their development commissions.

The lawmakers unanimously voted in support of the bill when it was put to a voice vote by Benjamin Kalu, the deputy speaker, who presided over the session.

Kalu referred the bill to the committees on appropriation for further legislative work.

He said the bill will be passed before January 30.

In November, both chambers approved the 2025-2027 medium-term expenditure framework (MTEF) and fiscal strategy paper (FSP) of the federal government.

The parliament passed the oil benchmark prices of $75, $76.2, and $75.3 for the daily crude oil production of 2.06 million, 2.10 million, and 2.35 million for the 2025-2027 fiscal years respectively.

Also, the national assembly maintained the gross domestic product (GDP) growth rate projected at 4.6 percent, 4.4 percent, and 5.5 percent for the three years in the fiscal strategy paper.

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The lawmakers endorsed the projected exchange rate of N1,400/$ but said it is subject to review in early 2025 according to monetary and fiscal policies.

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Bauchi Gov Bala Mohammed dumps PDP for APM

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Governor Bala Mohammed of Bauchi state has resigned his membership of the Peoples Democratic Congress (PDP).

The governor announced his decision to join the Allied Peoples Movement (APM) during a stakeholders’ meeting on Saturday.

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I don’t reply when Obi’s supporters abuse me because I want peace —Amaechi

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Former governor of Rivers state and ex-minister of transportation, Rotimi Amaechi, has claimed that supporters of Peter Obi, the 2023 Labour Party (LP) presidential candidate, have “abused” him, but that he has refused to respond.

Amaechi spoke on Friday in Lagos at a town hall convened by his supporters under the aegis of the African Democratic Congress (ADC) progressive movement.

He said he has warned his supporters to argue with facts instead of engaging in online abuse of party chieftains or political opponents.

“My people don’t fight. Have you seen any Amaechi person fighting on social media? It is between Atiku people and the Obi people. And Obi people are abusing me; we never reply,” he said, according to a video posted on X by CRA27 Advocacy, his campaign network.

“It’s not because we don’t know English or we cannot reply. The reason we don’t reply is that we always want peace.”

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He said his camp avoids verbal attacks to keep the opposition united ahead of the elections.

“There are things you say when you want to win, because it becomes difficult to bring everybody together. Because we know we will win, we’re not abusing everybody, so we can bring everyone together. I’m careful what I say,” he said.

“My team is under permanent instruction: don’t abuse anybody in ADC. Even Mr President — don’t abuse the president, show the facts.”

Amaechi, who contested for the presidency in 2023 on the platform of the All Progressives Congress (APC), but came second in the primary won by President Bola Tinubu, officially joined the ADC on March 6 and is seeking the party’s 2027 presidential ticket alongside Obi and former Vice-President Atiku Abubakar.

At the Lagos event, Amaechi reiterated his ambition, urging Nigerians to assess his record against that of Obi and the former vice-president.

“Compare me to Peter Obi — we were governors at the same time. If he’s a better governor, please choose him. Although the former vice-president was not a governor, he was once a vice-president. Compare my role as governor, as minister, with the role he played as vice-president. If he’s a better person, please choose him,” he said.

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He added that he played more roles in public service than the other ADC figures, citing his hands-on approach to infrastructure projects.

“When you are sleeping, I’m running on this track, coming back to Lagos by 2 a.m. As minister, from Ibadan, making sure this job was completed on time — I wasn’t sitting in my office writing or reading memos. I made sure that either once or twice a month, I’m on this track. When we were building Kaduna–Kano, the same thing,” he said.

Amaechi described himself as a “practical man” who understands realities on the ground.

“I’m young. I’m on the street. I know what the problems are. As a minister, as a former governor, I eat in the same restaurants people eat. I don’t go to all these big men’s restaurants because they don’t give me the kind of food I ate when I was small,” he said.

He urged supporters of Obi and Atiku to close ranks, warning that internal divisions could weaken the opposition.

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“If you cause this kind of friction, it will be difficult to come together to defeat Tinubu. Focus on defeating Tinubu. On the day of the primary, go and vote for your own candidate, so that when your candidate wins, you’ll be able to bring everybody together,” he said.

Amaechi added that political leaders are influenced by their supporters, warning that persistent hostility could undermine future cooperation within the party.

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Former Adamawa APC governorship candidate, Binani dumps ADC for NDC

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Nine months after leaving the All Progressives Congress (APC) to join the African Democratic Congress (ADC, Aisha ‘Binani’ Dahiru, who was the 2023 governorship candidate of the APC in Adamawa state, has defected to the Nigeria Democratic Congress (NDC).

The move, which was announced on Friday, comes exactly nine months after she left the APC for the ADC.

Binani was presented with her NDC membership card at a ceremony where Seriake Dickson, the party’s national leader, welcomed her and announced her as the head of the NDC in Adamawa, pending internal democratic processes.

Speaking at the event, the former governorship candidate said she was drawn to the NDC after a careful study of its constitution.

According to her, the NDC constitution demonstrates “a strong commitment to structured, policy-driven governance.”

“Some may point out that just nine months ago, I was at another party. Let me say clearly that I will never condemn where I came from,” she said.

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“Politics is dynamic and often local in nature, and decisions are made based on prevailing realities.”

Binani said she was encouraged by her supporters to move to the NDC.

“About nine months ago, we collectively made the decision to join our former party. But over time, for reasons best known to them, my supporters felt it was necessary to move on. They took the initiative and urged me to join the NDC,” she said.

According to her, loyalists had already built significant inroads into the NDC before her formal declaration, resulting in Adamawa recording the highest number of registered members in the party.

“I always say that no individual can succeed in politics alone. It is the supporters who drive the process, build the foundation, and sustain the journey,” she added.

She expressed gratitude to the NDC’s national working committee (NWC) for the warm reception and called for “fairness, equity, justice, transparency, and, most importantly, the strengthening of internal democracy” within the party.

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While welcoming Binani and her supporters, Dickson, described the party as an inclusive platform ready to accommodate new entrants and expand its base.

“This party is open, inclusive, and ready to harness your energy, ideas, and strength. My dear sister, once again, you are welcome,” the former governor of Bayelsa said.

“As the chairman has rightly said, the flag of leadership of the NDC in Adamawa has now been handed over to you.

“We are confident that when the party’s democratic processes are concluded, we will gather again in Adamawa to formally engage with the good people of the state and to continue building this movement together.”

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