President Bola Ahmed Tinubu addressed a joint session of the National Assembly on Wednesday, unveiling a national budget of N47.96 trillion for the year 2025. During his presentation, President Tinubu articulated that this budget was crafted with careful consideration of the current economic landscape and has the potential to foster prosperity in Nigeria in 2025, provided it is executed effectively. He noted that the budget aims to build upon the essential policies established by the Federal Government. Tinubu acknowledged the resilience demonstrated by Nigerians amidst economic difficulties, expressing confidence that…
Day: December 18, 2024
BREAKING: 2024 Budget To Be Extended By 6 Months
Senator Godswill Akpabio, the President of the Senate, has announced that the duration of the current 2024 budget will be extended until June 25, 2025. He made this statement during his opening remarks at the presentation of the 2025 Appropriation Bill by President Bola Tinubu to a joint session of the National Assembly on Wednesday. Senator Akpabio highlighted that the performance of the 2024 budget showed a 50% achievement in Capital Expenditure and 48% in the Recurrent component, indicating a significant shortfall of 50% in the overall execution of the…
PHOTOS: Gridlock On Lagos-Ibadan Expressway After Multiple Vehicle Crash
On Wednesday morning, the Lagos-Ibadan Expressway experienced significant disruption due to a series of multiple-vehicle collisions near Kara Bridge, resulting in a complete standstill of this heavily trafficked route. This unfortunate event halted all vehicular movement in and out of Lagos, leaving countless commuters and travellers caught in a seemingly unending traffic jam. The collisions involved a mix of cars, trucks, and commercial buses, leading to considerable damage and injuries. Emergency services, including the Federal Road Safety Corps (FRSC) and state rescue teams, promptly arrived at the scene to initiate…
