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JUST IN: FEC Approves 2025 Budget Proposal Eith N47.96trn Expenditure Plan
Published
9 months agoon
By
Editor
The Federal Executive Council (FEC) has approved a N47.96 trillion expenditure for the 2025 budget, marking a 36.8% increase from the 2024 estimate.
The decision was made during the Council’s final meeting of 2024, held on Monday in the Council Chambers of the Statesl House, Abuja.
Speaking to State House Correspondents, the Minister of Budget and Economic Planning, Atiku Bagudu, disclosed that the 2025 framework is based on key economic projections, including an oil price benchmark of $75 per barrel, daily oil production of 2.06 million barrels, and an exchange rate of N1,400 to the dollar.
The proposed revenue for 2025 stands at N34.82 trillion, leaving a projected deficit of N13.13 trillion, which is 3.89% of the GDP.
READ ALSO: I’m Sorry For Treating You Badly – Oshiomhole Apologises To APC Defector
Bagudu explained that the budget, presented by the Director-General of the Budget Office, Tanimu Yakubu, incorporates amendments directed by President Bola Tinubu.
“Today, the Federal Executive Council approved the budget proposals for 2025 with amendments which Mr president directed following a presentation to the Federal Executive Council led by the Director General of the Budget Office, Tanimu Yakubu.
“The 2025 framework is based on oil price benchmark of $75 per barrel. Oil production of 2.06 million barrels per day. Exchange rate of one 1400 naira (to the dollar).
“All these are already included in the medium term expenditure framework which we have presented here, which have also been approved by the National Assembly.
“So the total projected revenue for 2025 stands at N34.82tn out of which the expenditure is projected at N47.96tn which is an increase of 36.8% from the 2024 estimate. The deficit for 2025 is projected at N13.13tn representing 3.89% of GDP”, Bagudu said.
Meanwhile, the presentation of the 2025 Appropriation Bill to the National Assembly by President Tinubu might not hold on tomorrow (Tuesday).
Reacting to a question after the Council meeting the Minister of Information and National Orientation, Mohammed Idris, disclosed that discussions were ongoing that might lead to the postponement of the budget presentation to Wednesday.
The Minister, who noted that the discussions were yet to be concluded, however said the possibility is there that the budget will be presented to the National Assembly on Wednesday instead of the Tuesday earlier announced by the President of the Senate, Senator Godswill Akpabio.
Akpabio, had, during plenary, last week announced that President Tinubu will present the 2025 budget on Tuesday.
Details shortly…
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News
ITF Warns Organisations, Employers Against Rejection Of IT Students
Published
27 seconds agoon
September 4, 2025By
Editor
The Industrial Training Fund (ITF) has warned organisations and employers nationwide against rejecting students seeking attachment for their Industrial Training (IT) exercises.
ITF Area Manager in Bauchi, Dr Ashore Paul, issued the warning on Thursday during the orientation exercise for prospective IT students of the Federal Polytechnic, Bauchi.
Represented by Mrs Nanzem Yilshuut, Head of Training at the ITF Bauchi Area Office, Paul said that “the act establishing the Fund mandates every organisation to accept students for industrial attachment.”
He further stated that any employer or organisation found in breach of these provisions was liable to conviction and sanctions.
READ ALSO:ITF Trains 120 Youth In Plumbing, Solar Power Installation, Others In Bauchi State
Paul also urged the prospective IT students to adhere to the rules and regulations of any organisation they joined and to be willing to learn and fulfill their responsibilities.
“When these students come back, we expect that there is a difference.
“They should have learned something new because definitely, what they learned in school, would be expected to be put into practicals.
“This will help them in their academics and also assist them in their future endeavours.
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“They must participate 100 per cent, they must be disciplined and they must be willing to learn.
“We go round to ensure that they are doing what they are expected to do at their places of attachment.
“When we go for supervision, we ensure that what they are learning is in line with their courses,” he said.
The Rector of the institution, Sani Usman, said that the industrial attachment was an activity that enabled polytechnics to fulfill their mandate as technology and skill-driven institutions.
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“Our students are given industrial experience during their first year so as to be registered in their minds that all of them are meant to be skilled class men and women and that is why the industrial attachment is very important.
“It enables them to build on what they have learned in their respective classrooms and practicals during the year,” he said.
Usman emphasised the importance of proper supervision during industrial training.
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According to him, it will ensure students not only attend their placements but also carry out their assigned tasks effectively.
“The supervision is also to see that the employers or the places they have been sent to do their Students Industrial Work Experience Scheme (SIWES) do not exploit them to the level that is not required by the institution”, he said.
He further revealed that 3,000 students across all departments in the institution were going for this year’s SIWES.

A Professor of Cardiothoracic Surgery, in the department of surgery, Faculty of Clinical Sciences, College of Health Sciences, University of Uyo, Prof Eyo Ekpe has warned cigarettes smokers and patients with diabetes to take adequate of their chest in order not to fall a victim of cardiac arrest .
He said that these health conditions trigger certain types of abnormal heartbeats called arrhythmias responsible for sudden cardiac arrest.
Professor Ekpe gave the warning on Wednesday while delivering the 117th Inaugural Lecturer of the University of Uyo, titled “My Chest! My Chest!! My Chest!!!: Relieving Chest Pain, Preventing Death and Restoring Health”
He disclosed that many Nigerians have died for ignoring cardiac arrest triggers, preventing them, or seeking late medical attention to chest related ailments.
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“Chest pain should not be ignored. Symptom of chest pain that is reported early would afford the clinician the opportunity to obtain adequate medical history from the person, medically examine the person thoroughly, optimally conduct the necessary laboratory tests to unravel the cause, and apply an evidence based treatment modality to relieve the chest pain, prevent death and restore heath.
“People should guard their heart diligently to prevent heart attack. Cigarette should not be smoked, high blood pressure should be prevented or controlled, diabetes mellitus should be prevented or controlled, and high blood cholesterol and lipoprotein should be prevented or controlled. A culture of regular physical exercise must be intentionally domesticated.
“People should guard their heart diligently to prevent cardiac arrest. Causes and triggers of arrhythmias should be prevented by preventing stress, hypertension, diabetes mellitus, obesity, coronary artery disease and electrolyte disorders, and avoiding cigarette smoking and alcohol abuse,” he stated.
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Ekpe said medical consultation for chest problems should be with qualified medical doctors to avoid misdiagnosis, wrong treatment and complications, adding that regular medical checks and timely reports of symptoms of ailments must be prioritised.
“Safe-driving habit and road safety must be taken as a serious business. Seat restrained-belt should be used by all occupants of moving vehicles.
“Bicycles, motorcycles and tricycles should not ply traffic-congested roads. All victims of chest pain and chest injuries must be attended to by qualified medical doctors in a timely manner,” he advised.
News
FirstBank’s Digital Banking Channels Suffers Downtime
Published
2 hours agoon
September 4, 2025By
Editor
FirstBank has suffered a temporary disruption to its major digital banking channels, which will prevent some customers from completing transactions.
In a notice issued on Thursday, the bank said the downtime is affecting services on FirstMobile, FirstOnline, and its *894# USSD platforms.
“Please be informed that we are currently experiencing some downtime affecting transactions to other banks on FirstMobile, FirstOnline, and USSD platforms. Customers may therefore experience delayed or declined transactions,” the circular read.
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The bank apologised for the inconvenience and assured customers that its technical team, working with partner service providers, is making every effort to restore full services as quickly as possible.
The disruption occurred less than two months after FirstBank introduced facial biometric authentication on its FirstMobile app, designed to enhance the customer experience and security.
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