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
‘Celebrate This Poor Man’ – Shettima Defends Tinubu Over Economic Crisis
Vice President Kashim Shettima has urged Nigerians to celebrate President Bola Tinubu, saying his leadership saved the country from a potential implosion.
Shettima said Nigeria’s economy had been teetering on the edge of collapse before Tinubu’s intervention, adding that the country could have faced a different situation.
“The economy was teetering on the edge of collapse, we were on a cliff edge,” the Vice President said.
ALSO READ: Subsidy Removal, FX Reforms Driving Fresh Oil Sector Investment – Shettima
“So he literally saved the nation from an implosion. That could have been the scenario. So, instead of demonizing him, Nigerians ought to celebrate this poor man.”
Shettima also called for a return to the drawing board, expressing confidence in the leadership’s commitment and the prospects for the 2027 elections.
“I believe on the bottom of my heart that with this presentation I have seen, and with the commitment of our leadership, by the grace of God, we are going to win,” he said.
Speaking about the 2027 elections, the Vice President reminded his audience that social media platforms should not be mistaken for actual polling stations.
“There are no polling stations on Facebook or Instagram,” he said.
Shettima also expressed gratitude for the efforts made towards promoting the cause of the 2027 elections.
NEWS
FG Withdraws Charges Against ‘Fake Agency’ DG, Adeniyi Adeyemi
Following observed mis-steps, the Federal Government of Nigeria has withdrawn the eight-count criminal charge brought against the alleged fake Director General (DG) of the Presidential Foreign Intervention Promotion Council (PFIPC), Adeniyi Adeyemi.
Biztellers reports that the matter, in accordance with the counsel of the Attorney General of the Federation (AGF) and Minister of Justice, Prince Lateef Olasunkanmi Fagbemi, (SAN), the matter will be filed at the High Court of the Federal Capital Territory (FCT), instead of the Federal High Court (FHC).
Consequently, upon an unopposed application for termination by the prosecution counsel and Director of the Public Prosecution of the Federation (DPPF), Rotimi Oyedepo (SAN), on Monday, Justice Mohammed Umar of a Federal High Court, Abuja on Monday, struck out the matter.
READ ALSO: Shell Identifies Keys to Nigeria’s Energy Future
In a motion for the termination of the charges, Oyedepo informed the court that the Attorney General of the Federation (AGF) and Minister of Justice has carried out a review of the case file of Adeyemi and the charge filed by the Inspector General of Police (IGP) and found some loopholes.
The DPPF added that the documents allegedly forged by Adeyemi during his operations of the fake agency are those that can be prosecuted by the High Court of the Federal Capital Territory (FCT).
He also informed the court that a new charge has been filed at the High Court of the FCT and that Adeyemi would be expeditiously arraigned afresh.
He therefore urged the judge to strike out the charge as required by law.
Following no objections from Ibrahim Angulu (SAN), who stood in for Adeyemi, Justice Umar subsequently terminated the charge.
Adeniyi, 38, was being tried alongside two others whose whereabouts are unknown, on charges bordering on conspiracy and forgery.
The two others said to be at large were identified as Femi (surname unknown) and Anu (surname unknown).
The charge marked: FHC/ABJ/CR/25/2025, was entered against the defendant by the DPPF.
NEWS
Shell Identifies Keys to Nigeria’s Energy Future
To secure a bright energy for her teeming population, Nigeria must sustain the momentum of reform, accelerate investment, and deepen partnerships.
This view was expressed by Managing Director, Shell Nigeria Exploration and Production Company of Nigeria Limited (SNEPCo) Ronald Adams in Lagos at the weekend.
Delivering a keynote address at the Africa Energy Conference (AEC) of the Lagos Business School (LBS), Adams called for regulatory certainty through efficient execution of reforms, sustained investment appeal to enable projects to move more swiftly from opportunity to production and partnership by operators, regulators, NNPC Limited and communities to unlock the full value of Nigeria’s resources.
Adams cited Nigeria’s huge oil and gas resources as an advantage but pointed out: “Resources alone do not guarantee prosperity. Prosperity comes when resources are matched with investment, technology, sound policy and disciplined execution. Success will be determined not by the size of our resources, but by our ability to convert them into investment and economic growth.”
Adams pledged the support of Shell towards a bright energy future of Nigerians. He said: “For more than six decades, Shell has been part of Nigeria’s energy journey. Together with our partners, we have helped develop major energy infrastructure, supported Nigerian businesses, invested in talent, and contributed to economic development. Bonga remains a powerful example of what technology, partnership and Nigerian capability can achieve in deepwater operations. Today, that story continues through Bonga North.”
READ ALSO: ADF Targets 5 Million Students, 2 Million Vulnerable Women
Issuing a clarion call for action by all stakeholders, he added: “The world is not standing still. Capital is moving, technology is advancing and competition is intensifying. The countries that attract investment tomorrow are those that improve competitiveness today. Nigeria has begun that journey. Our task is to sustain the momentum and translate reform into projects, projects into growth, and growth into shared prosperity.”
The conference, the 4th in the series had at its theme; “Securing Nigeria’s Energy Future: Policy Reform, Capital Mobilisation, and Pathways to a Sustainable Power and Energy Market” and was attended by top government officials, industry captains, energy professionals, and students.
Lagos State Deputy Governor Obafemi Hamzat represented Lagos State Governor Babajide Sanwo-Olu as the guest of honour. SNEPCo was a principal sponsor of the Africa Energy Conference (AEC) and mounted a well-received exhibition on its deepwater operations and social investments across Nigeria.






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