Connect with us

NEWS

Enugu Gov Presents ₦971bn 2025 Budget To State Assembly

Published

on

Enugu State Governor Peter Mbah has presented a ₦971 billion budget proposal for 2025, reflecting an 86.4% increase from the previous year.

Dubbed the “Budget of Exponential Growth and Inclusive Prosperity,” the proposal includes ₦837.9 billion for capital expenditure and ₦133.1 billion for recurrent costs.

Mbah emphasised the focus on private investment, poverty eradication, and elevating the state’s economy. Notably, ₦320.6 billion is allocated to education, making up 33.2% of the total budget, underscoring its role in driving growth and reducing poverty.

READ MORE: Egypt’s Red Sea Tragedy: Rescue Teams Recover Four Bodies

“Education is both our ‘sword’ and ‘shield’ in this battle to achieve economic growth in our state and banish poverty among our people. This allocation maintains the ambitious direction we set in 2024,” he said.

The governor also announced a dramatic increase in the state’s Internally Generated Revenue (IGR), which rose from ₦37.4 billion in 2023 to ₦144.7 billion by September 2024, marking a 286.2% growth.

Mbah attributed this growth to deliberate measures to reduce reliance on federal allocations. He expressed confidence that the IGR would surpass ₦200 billion by the end of 2024.

The capital expenditure will be funded through a ₦559 billion transfer from the Consolidated Revenue Fund and ₦278.9 billion in capital receipts from external aid, grants, and loans.

The Speaker of the Enugu State House of Assembly, Hon. Uchenna Ugwu, praised Governor Peter Mbah’s leadership and pledged quick approval of the ₦971 billion budget.

He assured the governor that the assembly would expedite the process to maintain the state’s development momentum. In response, Governor Mbah reaffirmed his commitment to fostering inclusive prosperity and laying a foundation for long-term growth in Enugu.

NEWS

2025 Budget: Adeleke Assures On Implementation

Published

on

Four gang-killed two in Osun, destroy N8M properties

 

Osun State Governor, Senator Ademola Adeleke has assured the citizenry that the newly signed budget 2025 will be rigorously implemented for the benefit of Osun people.

According to a statement in Osogbo on Tuesday, Gov Adeleke made the pledge while signing Budget 2025 into law, emphasizing that the signing ceremony “further demonstrates our readiness to forge ahead in the new year with the growth and development of our dear State”

The state governor who said the budget, tagged “Budget of Sustainable Growth and Transformation” is the total sum of Four Hundred and Twenty-Seven Billion, Seven Hundred and Forty-Six Million, Nine Hundred and Twenty-Five Thousand, One Hundred and Seventy Naira (₦427,746,925.170.00)”

ALSO READ: SERAP Urges Tinubu To Direct CCB To Publish President’s, VP’s, Others Assets

Gov Adeleke directed Ministries, Agencies and Departments (MAD) to vigorously pursue the implementation for the benefit of the citizens of the state, stating that “Our budget performance must continue to be commendable on a quarterly basis.

“I further direct the Ministry of Economic Planning, Budget and Development to as usual monitor the implementation process for delivery according to targets and expectations”, he stated.

He assured Osun people that the budget will be rigorously implemented to deliver on public expectations, adding that “The Appropriation Act will be our faithful instrument to deliver on the five-point agenda for good governance.

He commended the Ministry of Economic Planning, Budget and Development for upholding professionalism all the way even as he appreciated the House Speaker and other members of the State Assembly.

“The Executive arm looks towards oversight activities by the lawmakers. I urge members of the State Executive Council to cooperate with the lawmakers in the exercise of their mandate during the 2025 budgetary year”, he noted.

Speaking earlier, the House Speaker, Right Honourable Adewale Egbedun said the signing ceremony was the final stage of rigorous processing of budgetary estimates with an eye on public benefits.

According to the House Speaker, the budget as passed by the House embodied the vision and agenda of the executive mixed with perspectives of the legislature as the elected representatives of the people.

The Commissioner for Ministry of Economic Planning, Budget and Development, Prof Moruf Adeleke gave a technical breakdown of the 2025 budget, assuring the public that all the parameters flow from the deep interest of Gov Adeleke for the people of Osun State.

Continue Reading

NEWS

Adeleke Commiserates With AbdulRazaq On CoS’ Demise

Published

on

 

Osun State Governor, Senator Ademola Adeleke has offered condolences to his Kwara State counterpart, Governor AbdulRahman AbdulRazaq, over the demise of Chief of Staff, Prince Abdul Kadir Mahe.

This was revealed in a statement by his Spokesperson, Olawale Rasheed described the Late Prince Mahe as an astute community leader and a core state-man whose vacuum will be difficult to fill.

According to Olawale, his principal condoled the immediate family of Prince Abdul Kadir, Ilorin community, and the Emir of Ilorin, Dr. Ibrahim Sulu-Gambari.

He cited Gov Adeleke thus, “I wish to commiserate with my brother, Governor AbdulRahman AbdulRazaq of Kwara state over the demise of his Chief of Staff, Prince Abdul Kadir Mahe.

“Prince Mahe has distinguished himself in his lifetime as a true democrat, an astute leader and a state-man who will be greatly missed. His vacuum will be very difficult to fill.

“I extend my condolences to the immediate family of Prince Abdul Kadir, the Ilorin community, and the Emir of Ilorin, Dr. Ibrahim Sulu-Gambari.

“We pray that Allah accepts his return and grants him al-Jannah Firdaus.”

Continue Reading

NEWS

Tinubu Mourns Ex-U.S. President Jimmy Carter, Celebrates His Legacy

Published

on

President Bola Ahmed Tinubu has joined world leaders in mourning the death of former U.S. President Jimmy Carter, who passed away at the age of 100.

Tinubu described Carter as a global statesman whose post-presidential work profoundly impacted humanity, particularly in promoting peace, democracy, and tackling diseases.

READ MORE: 2025: President Tinubu’s Media Chat, Budget And A Year Of Consolidation

In a statement issued by Bayo Onanuga
Special Adviser to the President (Information & Strategy) on Monday, Tinubu expressed his condolences to the American government and people, noting Carter’s contributions to global development and humanitarian efforts.

Tinubu said, “President Carter showed us all how to remain relevant and impactful after leaving the esteemed position of President of the United States.

“He tackled the challenges the developing world faced, from combating diseases to mediating conflicts and promoting democratic values. He exemplified grace, dignity, and a profound respect for humanity.”

Tinubu highlighted Carter’s significant contributions to Nigeria, particularly through The Carter Centre, which played a key role in eradicating Guinea worm disease and river blindness in the country.

These efforts, Tinubu said, have “significantly improved the lives of many Nigerians.”

Reflecting on the historical ties between Nigeria and the United States, Tinubu recalled Carter’s visit to Nigeria in March 1978, during which the U.S. president stayed at the State House in Marina, Lagos.

Tinubu described the visit as a milestone in U.S.-Africa relations, solidifying Nigeria’s strategic importance on the global stage.

“Under his leadership, the visit marked a pivotal moment in U.S. foreign policy,” Tinubu noted. “It laid the groundwork for a pragmatic relationship between the United States and Africa, with Nigeria at its heart.”

The Nigerian president urged world leaders to draw inspiration from Carter’s legacy, describing him as a leader who embodied decency, character, and a commitment to humanity.

“His life’s work will continue to inspire Americans and leaders worldwide to embrace the true essence of leadership,” Tinubu added.

As Nigerians join the global community in mourning the loss of this Nobel Peace Prize Laureate, President Tinubu expressed hope that Carter’s remarkable life would continue to inspire leaders and citizens worldwide.

 

 

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.