NEWS
FG To Kick Off 2025 Budget Implementation By Month-End
The Federal Government has confirmed plans to roll out the implementation of the 2025 national budget by the close of September, signaling the end of the 2024 fiscal operations.
This was disclosed on Thursday in Abuja by the Director-General of the Budget Office of the Federation, Dr. Tanimu Yakubu, during the 3rd Quarter Ministerial Stakeholders and Citizens Engagement Forum, convened by the Ministry of Budget and National Planning.
The N54.99 trillion financial plan for 2025, described as the “Budget of Restoration,” is targeted at driving growth in critical sectors, boosting public service delivery, and attracting fresh investments into the economy.
SEE ALSO: BudgIT Slams Tinubu Govt For Failing To Release Quarterly Budget Reports Since 2023
Yakubu explained that the success of the fiscal agenda would hinge on accountability and financial discipline.
He stated, “The implementation of the 2025 budget will begin by the end of September. The 2025 budget, referred to as the ‘Budget of Restoration,’ aims to address key sectors, boost economic growth, and improve public services. Effective execution and fiscal discipline will be vital to the success of this budget.”
Underscoring the role of public participation, the DG reminded Nigerians of their ownership of state resources.
“Nigerians are the ultimate owners of public resources,” he said, while announcing plans to simplify budget documents, translate them into local languages, and strengthen community monitoring mechanisms.
Yakubu further identified persistent weaknesses in the nation’s fiscal framework, ranging from overambitious revenue forecasts in the oil industry, to the financial consequences of the Petroleum Industry Act, flaws in project financing and tax credit recognition, and the huge cost of debt servicing, estimated at N14.3 trillion in the 2025 fiscal year.
He outlined the government’s broader economic vision of positioning Nigeria as a $1 trillion economy by 2030. Proposed strategies include ward-level development projects across 8,809 wards, sweeping tax reforms, stricter financial discipline, and innovation partnerships such as the $30.9 million Nigeria-Japan start-up programme.
On his part, Minister of Budget and National Planning, Senator Atiku Bagudu, stressed that data remains central to government decision-making.
“Our policies and programmes must be based on facts, not speculation. Data is the foundation of responsible governance,” he said.
Also speaking at the event, Statistician-General of the Federation, Adeyemi Adeniran, called for stronger investments in the national statistical system.
He pointed out that limited survey coverage, underfunding, and outdated tools hinder the precision of official data. Nevertheless, he assured that the National Bureau of Statistics continues to align with global standards under the technical guidance of the UN and the World Bank.
Earlier, after a closed-door meeting with the House of Representatives Committee on Appropriation chaired by Hon. Abubakar Bichi, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed that about 80 per cent of the extended 2024 budget had been executed.
The Abuja forum brought together top government officials, civil society representatives, development partners, and citizens, highlighting the growing emphasis on transparency, reliable data, and fiscal discipline in steering Nigeria’s development path.
NEWS
NUPRC Dangles 40 Oil Blocks Before Global Investors at ADIPEC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has invited global investors to participate in the bid for the 2026 Licensing Round, which has 40 oil and gas blocks on offer.
The Commission Chief Executive, Oritsemeyiwa Eyesan, informed investors at the 2026 ADIPEC Exhibition and Conference in Abu Dhabi on Monday, November 2, 2026 that Nigeria offers a stable climate amid global energy tensions.
She urged investors to look to Nigeria and take advantage of the opportunities and revealed that the licensing round portal will officially open on November 20, 2026.
READ ALSO: OPEC+ Retains Output at 30.9mbpd
The NUPRC boss said this during a roundtable discussion titled, ‘Energy Sovereignty in an Interconnected World: Aligning National Priorities, Markets and Global Security’.
She said, “We are expecting investors to turn to Nigeria. We are going into another licensing round, and we will launch our bid portal on November 20. We expect to see interested investors because the environment is a lot more competitive.
“We have set a very attractive fiscal framework for investors. The overall environment is much more secure. We have been able to manage costs with a lot of incentives for investors, and we expect to see investors take up the offer when we open the portal.”
The NUPRC boss noted that since the passing of the Petroleum Industry Act in 2021, as well as the executive orders signed by President Bola Tinubu, Nigeria has seen an improved investment climate.
Eyesan said that between 2021 and 2026, the NUPRC held at least four successful licensing rounds, which brought more investment into the country.
This marks a departure from the pre-PIA era, when licensing rounds were less frequent.
The CCE said Nigeria has huge energy potential, as it sits on 215 TCF of gas, but daily production is barely 7 bcf.
This presents an opportunity to investors, especially as key gas infrastructure, such as pipelines, is being built, she said. The stars are already aligned. For gas infrastructure, we just completed very major infrastructure projects that will unlock gas supply in the country and the sub-region.”
We have two major projects on the drawing board to move gas through the Nigeria-Morocco Atlantic Gas Pipeline and the Trans-Sahara Gas Pipeline.
Again, this gas will go to Europe and will also meet regional demand. So, Nigeria is positioned to meet not just domestic supply,” the CCE stated.
Eyesan maintained that as many countries discover petroleum resources, the race for investment has become more competitive.
She said Nigeria was already ahead of the game, as it had made certain modifications to attract the right capital.
“We understand that investors will prize execution risk, cost, delays and also uncertainty, and so what we have done in Nigeria is to ensure that we guard against these risks and then attract the investment required to enable us to unlock the huge resources we sit on,” the NUPRC boss said.
NEWS
‘Becoming Nigeria’s President Is a Divine Blessing’ – Tinubu
President Bola Ahmed Tinubu has described his emergence as Nigeria’s President as a special favour from Almighty Allah, saying his position as Commander-in-Chief of the Armed Forces is a privilege that must be matched with dedicated service to the country.
Tinubu made the remarks while reflecting on his spiritual journey to Saudi Arabia for the lesser Hajj (Umrah), during which he was granted access to pray inside the Holy Ka’abah in Makkah.
The President expressed gratitude to Saudi Arabia’s King Salman bin Abdulaziz Al Saud and Crown Prince Mohammed bin Salman for granting him and members of his Nigerian delegation the rare privilege.
SEE MORE: APC Defends Tinubu Over Electricity Promise, Says President Is Tackling Sector’s Challenges
Speaking after the spiritual exercise, Tinubu said his emergence as Nigeria’s leader was an extraordinary blessing, considering the millions of people in the country.
“I have faith in that, and I believe extremely well that He has done me and my country a great favour. Out of many millions of people, to be the President and Commander-in-Chief is a favour that only Almighty God can do to a human being,” he said.
The President also disclosed that he used the opportunity to pray for wisdom and resilience to continue serving Nigerians, expressing confidence that his prayers had been answered.
“Well, I asked for wisdom and resilience to continue to serve the people. I know that prayer has been granted,” Tinubu said.
Recalling his previous Umrah pilgrimage before the 2023 presidential election, he said he had asked Allah to bless the journey and promised to return to express gratitude.
Tinubu also reflected on the message in Surah Aal-Imran, Verse 26 of the Holy Qur’an, which establishes Allah as the ultimate owner of sovereignty and authority, with the power to give and take leadership.
He said the message reinforces the need for those entrusted with positions of authority to exercise power responsibly, with humility and in the interest of the people.
“There is no other God but Almighty Allah. He is the giver and the taker. He owns power and authority,” the President said.
He reaffirmed his commitment to building a prosperous Nigeria, investing in the future of young Nigerians and pursuing development in line with the aspirations of the people.
Tinubu described the opportunity to enter the Holy Ka’abah as a historic and deeply cherished spiritual experience, adding that it reflected the longstanding friendship and cooperation between Nigeria and Saudi Arabia.
NEWS
Ogun Police Win Public Safety Award as Ojajuni Emerges NUJ Golden Jubilee Ambassador
The Ogun State Police Command has received three major honours at the Nigeria Union of Journalists (NUJ), Ogun State Council’s Golden Jubilee Press Week, with Commissioner of Police Bode Ojajuni named a Golden Jubilee Ambassador.
The Command received the Shield of Public Safety Award, while its Police Public Relations Officer, DSP Oluseyi Babaseyi, was presented with the Vanguard of Public Safety Award.
The recognition formed part of activities marking the 50th anniversary of the NUJ in Ogun State, which coincides with the state’s 50th anniversary.
SEE ALSO: Oyo Police Arrest Suspected Serial Burglar, Recover Stolen Items Worth ₦16.2m
According to a statement released on Monday, November 2, 2026, by the Command’s spokesperson, DSP Babaseyi, the awards recognised the Command’s commitment to public safety, proactive policing and effective engagement with the media.
The Golden Jubilee Press Week, held from October 26 to November 1, 2026, was themed, “Truth, Trust and the Press: Protecting Democratic Choice and Rebuilding Public Confidence in Journalism.”
Ojajuni also participated in a panel session during the celebration, where he urged journalists to uphold truth, professional ethics and patriotism, stressing the importance of responsible journalism to national development and public confidence in public institutions.
While receiving the Shield of Public Safety Award, the police commissioner attributed the Command’s achievements, particularly the impact of Operation KOSAYE, to the strategic direction of the Inspector-General of Police, IGP Olatunji Rilwan Disu, under the Handshake Patrol initiative.
He explained that the operation was carried out on the directive of the IGP through collaboration between the Ogun and Lagos State Police Commands, with support from the governors of both states.
According to him, the initiative strengthened security cooperation between the two states and improved coordinated efforts to prevent and combat criminal activities.
Ojajuni was also named among 50 distinguished personalities recognised as Golden Jubilee Ambassadors.
The honour reflects his leadership and previous contributions to policing in Ogun State, where he served as Deputy Commissioner of Police in charge of the State Criminal Investigation Department and Squadron Commander of the 16 Police Mobile Force, Abeokuta, before becoming commissioner.
Similarly, Babaseyi received the Vanguard of Public Safety Award in recognition of his contributions to police-public communication, media engagement and public safety advocacy.
The commissioner dedicated the honours to the Inspector-General of Police and officers of the Nigeria Police Force, acknowledging their commitment and sacrifices in protecting lives and property.
The Command also commended the NUJ Ogun State Council, led by its chairman, Comrade Wale Olanrewaju, for the recognition and its role in promoting constructive engagement between journalists and security institutions.
It reaffirmed its commitment to strengthening its relationship with the media, noting that effective policing depends not only on operational deployment but also on public trust, timely information and stakeholder engagement.






https://shorturl.fm/bsCoc
https://shorturl.fm/CzK93
hl8nm9