₦airaland Forum

italkdlonly:

https://www.youtube.com/watch?v=ckQOcNW7Th8

President Bola Tinubu, on Wednesday, said tax reforms are yielding results.

Tinubu made this remark while presenting the 2025 Appropriation Bill to a joint session of the 11th National Assembly in Abuja.

He also assured Nigerians of a better and stronger economy.

He said, “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, public expenditure, and specific non-inflationary spending. The reforms we have instituted are beginning to yield results, with no reversals.

“Nigerians will soon experience a better and more functional economy. Global economic growth for the outgoing year was 2.0 per cent.

“For 2024, it was projected at 3.2 per cent, and contrary to predictions for our country, we have made significant progress. Our economy grew by 3.46 per cent. The improvements we achieved in the 2024 budget have laid the groundwork for the 2025 budget.”

Mynd44, fergie001

https://www.youtube.com/watch?v=ckQOcNW7Th8

President Bola Tinubu, on Wednesday, said tax reforms are yielding results.

Tinubu made this remark while presenting the 2025 Appropriation Bill to a joint session of the 11th National Assembly in Abuja.

He also assured Nigerians of a better and stronger economy.

He said, “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, public expenditure, and specific non-inflationary spending. The reforms we have instituted are beginning to yield results, with no reversals.

“Nigerians will soon experience a better and more functional economy. Global economic growth for the outgoing year was 2.0 per cent.

“For 2024, it was projected at 3.2 per cent, and contrary to predictions for our country, we have made significant progress. Our economy grew by 3.46 per cent. The improvements we achieved in the 2024 budget have laid the groundwork for the 2025 budget.”

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

richiemcgold:
Nigeria is a poor country.
Annual budget of N47 trillion is approximately $300 billion. That's too meagre for a country as populous as over 200 million people

Lol

https://www.youtube.com/live/iPASU2Ak2uM?si=iDYEWu4bGecdtlzp

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

12:56 p.m.
President Tinubu said the 2025 budget seeks to ensure macro economic stability, poverty reduction, promoting economic stability and developing human capital development. He said the budget is necessary to secure Nigeria’s ambition.

President Tinubu listed key priorities of the administration in the 2025 budget as Defence and Security N4.91 trillion; Infrastructure N4.6 trillion; Heath N2.48 trillion; Education N3.5 trillion etc

1:00 p.m.
President Tinubu said the government will continue to provide security for Nigerians with modern security tools.

1.02 p.m.
The president said Nigerians should never live in fear whether they in their homes or farmlands. He said hey should always be safe. He assured that his government will continue to ensure a safer environment for Nigerians.

1:04 p.m.
President Tinubu said his administration has disbursed N34 billion to over 300 students through the Nigerian education loan fund.
He stated that for the 2025 budget, the government has budgeted N825.9 billion for development in the education sector.

1:05 p.m.
On Agriculture, President Tinubu said his administration will support farmers to ensure adequate food supply in the country. He specifically said food insecurity in Nigeria is not negotiable.

“Food security is non-negotiable. Our nation faces existential threat from corruption and insecurity,” Tinubu said.

“The time for lamentation is over. The time to act is now,” he stated further.

1:08 p.m.
President Tinubu said the time for lamentations on Nigerians challenges is over and that this is the time to act to change the country to better.

He said, as Nigeria’s president, he is committed to ensuring peace and development of the country.

1:11 p.m.
President Tinubu said the 2025 budget is christened ‘Restoration Budget ‘

He has concluded his presentation and heading to present the budget

12:50 p.m.
Mr Tinubu said the 2024 budget has successfully invested in the Nigerian youths, facilitated social orientation and created employment opportunities for Nigerians. He said the reforms under his administration has started to yield positive results

12:52 p.m.
The president said Nigeria’s foreign reserve now stands at $42 billion.

12:56 p.m.
President Tinubu said the 2025 budget seeks to ensure macro economic stability, poverty reduction, promoting economic stability and developing human capital development. He said the budget is necessary to secure Nigeria’s ambition.

12:28 p.m.
The senate president said as a result of bilateral relationship with foreign countries, Nigerians can now travel abroad with ease as many countries are now respecting its citizens.

13:30 p.m.
Mr Akpabio commended President Tinubu for the tax reform bills currently before the National Assembly.
He said the bills have been misunderstood by many people and that those who refuse to understand go to the television to criticise them.

He slammed some of the people opposed to the tax reform bills despite never reading a single page.

He said the National Assembly would not kill any reform, rather would cross the “I” and cross the “t”.

He added that some of his colleagues are not even aware that the tax reform bills are four in number.

12: 30 p.m.,
Mr Akpabio said the National Assembly will not hesitate to pass any reforms for the benefits of the country. He noted that if the tax reform bills are passed, over one million Nigerians will be exempted from paying tax.

12:35 p.m.
The Senate President advised Mr Tinubu to encourage ministers and other head of MDAs to always honour the invitation of the National Assembly.
He said the National Assembly will not hesitate to issue warrant of arrest on ministers and other head of MDAs that refuse to appear before the lawmakers.

12:39 p.m.
The Senate President invites President Tinubu to present the 2025 budget to the joint session.

12:40 p.m.
Mr Akpabio is leading a solidarity song “on your mandate we shall stand” .
President Tinubu has taken to the podium and started his presentation.

12:42 p.m.
President Bola Tinubu said he is happy to be at the National Assembly for the budget presentation. He jokingly asked members of the National Assembly to allow him present the budget and go.

12:44 p.m.
President Tinubu made mistake referring to the 10th National Assembly as the 11th National Assembly.
When the lawmakers chorused that they are 10th Assembly, the president said he wrote 11th assembly in his speech and jokingly said that means the lawmakers will be reelected at the next general election to make them members of the 11th assembly

12:47 p.m.
President Tinubu appreciates Nigerians for their perseverance on the economic reforms by his administration. He assured that the perseverance of Nigerians will not be in vain.

12:48 p.m.
President Tinubu said the 2025 budget will develop the Nigerian economy and address challenges in all sectors

12.21 a.m.
Senate President, Godswill Akpabio, gives the opening remarks before President Tinubu makes his budget speech.

12.20 p.m.
There was a mild drama when a lawmaker attempted to sing the “On your mandate we shall stand” song. Several other lawmakers shut him down.

12: 20 p.m.
The Senate President, Godswill Akpabio, who is presiding over the Joint session hit the gavel to restore peace to the chamber

12:21 p.m,
The Senate President greets President Tinubu, the Vice President Kashim Shettima and other delegations of the federal government

12:25 p.m.
Mr Akpabio said the economic reforms of president Tinubu has started yielding positive results, though it is painful.
He also applauded the infrastructural strides of the president.

President Bola Tinubu enters the chamber, accompanied by some government officials. The National Anthem is being taken.

https://youtube.com/live/iPASU2Ak2uM

President Bola Tinubu will present the N47 trillion 2025 budget to a joint session of the National Assembly today.

The Federal Executive Council (FEC) approved the N47 trillion budget proposal on Monday.

It is the president’s second full budget since he assumed office in May 2023.

Earlier Thursday last week, he notified the lawmakers of his plan to present the document on Tuesday. However, the presentation was shifted by one day, for what one of his cabinet ministers explained was due to some required amendments in the document.

The proposed budget is predicated on a benchmark oil price of $75 per barrel, oil production of 2.06 million barrels per day, and an exchange rate of ₦1,400 to the dollar.

It also projects total revenue at ₦34.82 trillion, while total expenditure is estimated at ₦47.96 trillion—an increase of 36.8 per cent from the 2024 estimate.

The deficit in the proposed 2025 budget is projected at ₦13.13 trillion, representing 3.89 per cent of GDP.

President Tinubu is submitting the budget to parliament less than two weeks before the end of the year.

https://www.youtube.com/watch?v=TanYUp2QlBU

.

You can imagine, very unprofessional

https://www.youtube.com/watch?v=R2Y7y7xIhAY

https://www.youtube.com/watch?v=hHrIung33e8

italkdlonly:

https://www.youtube.com/watch?v=R2Y7y7xIhAY

.

https://www.youtube.com/watch?v=R2Y7y7xIhAY

Mallamkay001:
U don’t know what u are talking about Horrible Member

Lol

https://www.youtube.com/watch?v=R2Y7y7xIhAY

[quote author=italkdlonly post=133167060][/quote]
https://www.youtube.com/watch?v=R2Y7y7xIhAY

MaxInDHouse:
That's what happens when no one is asking how can we IDENTIFY true Christian organization today?

Hmm

https://www.youtube.com/watch?v=R2Y7y7xIhAY

https://www.youtube.com/watch?v=R2Y7y7xIhAY

F117nighthawk:
The jungle called Nigeria where the worst in the system rules over the best and brightest brains.
We ain't seen anything yet.presidency and national Assembly will soon be occupied by agbérós ,thugs and classless people worst than these sets of law makers u have at the national Assembly.

Hmm

Clairvoyancy:
This man is trying every possible means to reduce Christianity to a joke.... God knows best...

God knows best indeed.

Thundafireseun:
Christianity is fast becoming a HUGE JOKE

Hmm

https://www.youtube.com/watch?v=R2Y7y7xIhAY

[quote author=italkdlonly post=133167060][/quote]

DaddyCoool:
Messiah ko, freemason ni

lol

italkdlonly:

https://www.youtube.com/watch?v=R2Y7y7xIhAY

A member of the House of Representatives for Yagba Federal Constituency, Hon Leke Abejide, on Wednesday described President Bola Tinubu as the messiah Nigeria needs.

Abejide, expressed confidence in Tinubu’s administration to turn around the nation’s fortunes.

“By the time we get to 2026, they will see this country, and everybody will be praising the President. He is the messiah that Nigeria needs now and he can fix Nigeria,” the lawmaker said.

The lawmaker knocked the administration of President Muhammadu Buhari for handling the nation’s economy he said was in shambles.

He said everything went down completely, faulting the Central Bank of Nigeria (CBN) under Godwin Emefiele for minting excess currency.

Abejide, an African Democratic Congress (ADC) member, is confident that Tinubu will take the country out of the quagmire.

“At the twilight of the last administration, even for you to get N1,000 in your pocket, was it easy? You know how much was printed by the CBN. How can the economy survive like that? Who will take you seriously?

“Things are getting better. This exchange rate issue will be fixed with time. It is better we go to reality than hiding,” he added.

fergie001, Mynd44

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https://www.youtube.com/watch?v=wKjQfz5kWHo

Nollywood actor Yul Edochie recently caused a stir when he was spotted at the controversial Anambra-based church, Mountain of Holy Ghost Intervention and Deliverance Ministry, led by Prophet Chukwuemeka Ohanaemere, popularly known as Odumeje. Edochie, who is known for his outspoken views and controversial lifestyle, joined the congregation during a special service, sparking a debate online about the nature of the church and its leader. Some viewers questioned whether the church truly serves a spiritual purpose or is simply a platform for entertainment and showmanship. Others praised Edochie for attending the service and engaging with the congregation.

The video of Edochie's visit to the church has gone viral, with many viewers expressing their opinions on the matter. Some have criticized Odumeje's extravagant lifestyle and his use of controversial stunts during his services. Others have defended him, arguing that he is simply a charismatic leader who is trying to reach out to a wider audience.

Regardless of one's personal beliefs, it is clear that the visit of Yul Edochie to Odumeje's church has sparked a much-needed conversation about the role of religion in society and the importance of critical thinking when evaluating religious claims.

OAM4J