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Buhari Acting Like Abacha, He Wants To Rig The Elections; Tell Him To Gome And Rest —- Obasanjo

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Former President Olusegun Obasanjo on Sunday attacked President Muhammadu Buhari, accusing him of plotting to rig the general elections.

Mr Buhari is seeking re-election on the platform of his party, APC. The presidential and National Assembly elections will hold on February 16.

In an open letter titled “Point for Concern and Action” which he distributed to journalists at a press conference held at his house at the Olusegun Obasanjo Presidential Library, Abeokuta, Mr Obasanjo also alleged that the president was acting like a former military dictator, Sani Abacha.

“Buhari has succeeded in deceiving us the first time and we will be fools to allow ourselves to be deceived the second time,” Mr Obasanjo wrote.

“Buba Galadima, who knows Buhari very well as a confidant and National Secretary of Congress for Progressive Change,CPC, the Buhari’s party before it joined in forming All Progressives Congress, APC has warned us this time around that no matter what he promises, he cannot change his character and attitude.”

Mr Obasanjo was one of the millions of Nigerians who supported Mr Buhari in the 2015 presidential election. He has since withdrawn his support for the president, accusing him of incompetence and nepotism.

In his letter, the former president said Mr Galadima “describes him (Mr Buhari) as inflexible, insincere, dubious, intolerant, never accepts responsibility when things go wrong and impervious to reason and advice for change. If you cannot change your mind, you cannot change anything is the assertion of George Bernard Shaw.”

Mr Obasanjo then claimed that what is happening in Nigeria under Mr Buhari can be likened to what Nigerians witnessed under a late military dictator, Sani Abacha.

Mr Abacha, who ruled Nigeria between 1993 and 1998, died in office while trying to perpetuate himself in office.

“He went for broke and surrounded himself with hatchet men who on his order and in his interest and at high costs to Nigeria and Nigerians, maimed, tortured and killed for Abacha. Buhari has started on the same note on the same path in mad desperation,” Mr Obasanjo claimed.

He then alleged that the president and his party are recruiting collation officers who are already awarding election results.

“It is the sole reason he has blatantly refused to sign the revised electoral bill into law. His henchmen are working round the clock in cahoots with security and election officials to perfect their plan by computing results right from the ward to local government, state and national levels to allot him what will look like a landslide victory irrespective of the true situation for a candidate who might have carried out by proxy presidential debate and campaigns.”

He said the current plan is to drape the pre-determined results with a toga of credibility and also use violence of unimaginable proportion which will be unleashed in high voting population areas across the country to precipitate re-run elections.

“We are monitoring them and we call on all democrats across the world to keep an eye on the unfolding anti-democratic agenda of President Muhammed Buhari. This is the time for preventive measures to be taken otherwise Nigeria may be presented with a fait accompli with impunity and total disregard of all pleas.”

Mr Obasanjo’s letter comes despite repeated promises by President Buhari to ensure free and fair elections.

The presidency is yet to react to Mr Obasanjo’s latest outburst.

BELOW IS THE FULL STATEMENT BY MR OBASANJOPOINTS FOR CONCERN AND ACTIONBy Chief Olusegun ObasanjoI am concerned as a democrat who believes that with faithful and diligent practice of democracy, we can get over most of our political problems and move steadfastly and surefootedly on the course of stability, unity of purpose, socio-economic growth and progress for all.Democracy becomes a sham if elections are carried out by people who should be impartial and neutral umpires, but who show no integrity, acting with blatant partiality, duplicity and imbecility.  For all democrats and those carrying out the process of elections, there must be the redline that must not be crossed in tactics and practices of democracy.I personally have serious doubt about the present INEC’s integrity, impartiality and competence to conduct a fair, free and credible election.  And if the INEC is willing, will the ruling party and government allow it?  From what we saw and knew about Osun State gubernatorial election, what was conclusive was declared inconclusive despite all advice to the contrary.The unnecessary rerun, if viewed as a test-run for a larger general election, would lead people to expect incidences of deliberately contrived, broken or non-working voting machines or card readers, confusion of voters as to their voting stations, inadequate supply of voting materials to designated places, long line to discourage voters and turning blind eyes to favour the blue-eye political party of INEC because the Commission’s hands will be tied to enable hatchet men and women to perform their unwholesome assignment.  The transmission and collation of results are subject to interference, manipulation and meddling.  If the INEC’s favourite political party wins with all the above infractions, the result will be conclusively declared and if not, there will be a ‘rerun’, the result of which is known before it is carried out. I know that I am not alone in being sceptical about the integrity of INEC and its ability to act creditably and above board.  But we are open to be convinced otherwise.The joke about INEC would seem real.  The INEC was asked if the Commission was ready for the election and if it expects the election to be free, fair and credible.  The INEC man is reported as saying in response, “we are ready with everything including the results!”  God save Nigeria!  It is up to Nigerians to ensure that the redline is not crossed in safeguarding our fledgling democracy.  And if crossed, appropriate action must be taken not to allow our democracy to be derailed.A friend of mine who is more credulous and who claims to be close to the Chair of INEC keeps telling me that INEC will retrieve its image and reputation by conducting the coming elections with utmost integrity and impartiality.  I am not sure as I believe more in action than in words and in past record than in promise.  The track record of the present INEC is fairly sordid and all men and women of goodwill and believers in democracy must be prepared for the worst from INEC and their encouragers and how to get Nigeria out of the electoral morass that the Commission is driving us into.  To be forewarned is to be forearmed.  A battle long forewarned does not embroil the cripple nor catch him unawares.  A word is sufficient for the wise.  The labour of Nigerian democracy heroes must not be in vain.Some men of God would hold President Buhari to his word on free, fair, credible and peaceful elections.  I am a realist and I reiterate that I go by track record.  Therefore, I am not persuaded by a track record of hollow words, impunity, insensitivity and ‘I-couldn’t-care-less’ attitude, or by the sanctimonious claims of any candidate and his campaign staff.  I will only believe what I see. This is a time for vigilance to fight to safeguard our votes and defend our democracy.  The price of liberty and sustenance of our democracy is eternal vigilance and appropriate reaction to ward off iniquities.  We must all be ready to pay that price and not relying on hollow words of callousness.  The derailment of Nigerian democracy will be a monumental disaster comparable to the disaster of the Nigerian first military coup.While Nigerians must not allow such a disaster to happen nor take such an affront lying low, the international community who played an admirable role in warning INEC, of course, to no avail on the Osun State gubernatorial election and who have been warning all political parties must on this occasion give more serious warning, send more people to the field to observe and work out punitive measures against INEC and security officials especially the Police and politicians who stand to gain from INEC’s misconduct, which is obviously encouraged by the Executive Arm of Government and who must be held responsible for the violence that will follow. Such measures can vary from denial and withdrawal of visas from the people concerned and from their families to other more stringent measures including their accounts being frozen and taking them to International Criminal Court, ICC, if violence emanates from their action or inaction. Nigeria must not be allowed to slip off the democratic path nor go into anarchy and ruin.  No individual nor group has monopoly of violence or gangsterism. And we must not forget that in human interaction, reactions are normally greater than action, though opposite.It is no use, at this juncture, to keep lamenting about the failure, incompetence, divisiveness, nepotism, encouragement and condonation of corruption by Buhari administration as there is neither redeeming feature nor personality to salvage the situation within that hierarchy.  You cannot give what you don’t have.  Bode George put it bluntly in his statement of December 3, 2018 when he said:“The other day, the Vice-President of Nigeria, Professor Yemi Osinbajo – a learned man, an enlightened person in all parameters – was seen at various markets in Lagos State and Abuja distributing N10,000 each to market women.  What an absurdity!  It was indeed an obscene display of executive recklessness and abuse of office.  Pray, where did the money come from?  Was it budgeted for in the appropriation law? In more civilised nations, Osinbajo would have been impeached and prosecuted for gutting our collective treasury.”What an act by a Senior Advocate of Nigeria lawyer, number 2 man in the Executive hierarchy; and what is more, a pastor of one of the Christian movements led by a revered, respected and upright church leader, Pastor E. A. Adeboye.  Osinbajo must have gone for, “if you can’t beat them, join them”.  A great pity indeed and which makes people ask the questions, “Any hope?”  Yes, for me, there is hope.Osinbajo has shown the human weakness and proved the saying that the corruption of the best is the worst form of corruption. His explanation that it was their government programme can only be construed to be very shallow and lopsided, if not an outrightly idiotic programme.Traders in rural and sub-urban areas of Nigeria are many more than those in urban areas and they are much poorer than traders in Lagos, Abuja and other cities.  They need more attention and greater help.  Are they to be confined to the heap of perpetual poverty?  What of those who are not traders?  They are not entitled to hand-out and they can languish in penury?  And what about millions who have lost their jobs in the last three and a half years? The timing is also suspect.  Those who criticise the action are called evil but they are not evil as they know what they are doing and saying, and they love Nigeria and Nigerians not less than the likes of Osinbajo.  They are not devils incarnate; they are patriots.What is the connection between taking the number of PVC (Permanent Voters Card) of the recipient of the N10,000 doled out to ‘traders’ and the forthcoming election?  There is something sinister about it, and Professor Osinbajo, of all people, should know that. With collusion of the INEC officials and card readers not made to work, anybody quoting the PVC number may be allowed to vote as the revised Electoral Bill was not signed. And if that happens all over the country, it will be massive rigging indeed.  The Chairman of INEC must stand firm and carry out his duties with competence and unbending neutrality.  Card readers must be used without fail and accreditation must be completed and number ascertained and made public before voting commences as was done in 2015.Amina Zakari has become too controversial a figure to be able to give assurance of free, fair and credible election for INEC. President Buhari and her family have declared that there is no blood relationship but there is relationship through marriage and that is more than enough for the good lady to step aside.  A judge does not sit in judgement over a case once he or she becomes a cause for controversy or one side in the case has strongly objected to the judge.Madam Amina Zakari should, in honour, stay out and not be seen as a source of contamination of the election.  Otherwise, it will be difficulty to deny the rumour that she is being assigned to Collation Centre for one duty only – to write out figures that are not results of the voting in the field on fake results sheets without water mark or on genuine results sheets which she will have access to as a Commissioner.  Amina Zakari is not the only Commissioner that can be in the Collation Centre.  Let the INEC Chairman act boldly and impartially and prove his absolute neutrality and responsiveness to contribute to make the election peacefully free, fair and credible.  His integrity needs to be transparently demonstrated.We should remember that there had been reports of INEC sponsored rigging in the past, and also with INEC officials through collation and with officials being put in party coordinators’ dresses and working for the political party favoured by INEC and also putting the dresses of other parties on INEC-favoured parties and police uniforms on INEC-favoured parties to rig all the elections for the favoured party.  Like all of us, INEC knows all these and it should devise means to make sure they do not happen.  But will they?  One way will be to only allow card readers to be means of authenticating voters and where there is no such authentication, it should mean no voting. The second is to use only identity cards with watermarks issued by INEC itself to party officials only for identification of political party coordinators, officials and agents and not political parties dresses or arm and wrist bands which anybody can wear for purposes of identification on election duty or function.  Both the Presidency and the National Assembly must so far be commended for adequately providing funding as confirmed by INEC, and therefore funding cannot be an excuse for poor performance by INEC.President Buhari and his hatchet men in the coming election think that the judiciary must be primed in their favour.  Hence, the Chief Justice of Nigeria, Justice Walter Samuel Nkanu Onnoghen, has been harassed and prosecuted for non-declaration of his assets without following the Constitution and the law, just to make him conform or set him aside for a Buhari man to take over or act, as President Buhari and his people believe no stone should be left unturned to rig Buhari in.  It seems to be a ploy to intimidate the judiciary as a whole in preparation for all election cases that will go before them.  Where and how will all these stop?Typically, with overwhelming outrage and condemnation, we are told that the Presidency denied knowledge of the action.  But the Vice-President told us that the President knew of the action on Saturday night for everything that has been prepared for Monday morning.  Haba VP, it doesn’t happen that way.  Nobody should take such measure against any of the four in hierarchy below the President or any of his ministers without his knowledge and indeed his approval.  But if that can happen to the Chief Justice of the Federation, the fifth man in the hierarchy of government, without the knowledge let alone the approval of the President, then it speaks for the type of government we have which means the President is not in charge let alone being in control and no Nigerian must take anything for granted.  We are all unsafe and insecure under such an administration.  And enough of it!  Buhari’s apologists will not stop at anything to try to cover up his administration’s  inadequate performance and character.  A constitutional liberal democracy cannot thrive without an independent and insulated judiciary from the executive and the legislature.Nigerians must wake up and stop these acts of wanton desperation tantamount to mental incapacity to run the affairs of Nigeria wholesomely.Life and living are anchored on trust.  But if I trust you and you deceive, cheat or disappoint me the first time, it is shame on you.  However, if I allow you to do so the same thing for me the second time, I do not only have myself to blame, I must be regarded as a compound fool.Buhari has succeeded in deceiving us the first time and we will be fools to allow ourselves to be deceived the second time.  Buba Galadima, who knows Buhari very well as a confidant and National Secretary of Congress for Progressive Change, CPC, the Buhari’s party before it joined in forming All Progressives Congress, APC, has warned us this time around that no matter what he promises, he cannot change his character and attitude.  He describes him as inflexible, insincere, dubious, intolerant, never accepts responsibility when things go wrong and impervious to reason and advice for change.  If you cannot change your mind, you cannot change anything is the assertion of George Bernard Shaw.Even when figures, facts and statistics are made clear to Buhari, he keeps repeating what is untrue, either because he cannot understand or for mischief purposes and that places him on the level of a pathological liar.  He believes he can get away with impunity and deceit as he seems to have done on many occasions in the past. Buba Galadima’s position is well complemented by Dr. Auwalu Anwar on the APC, CPC, TBO and Buhari’s character and attitude in his yet to be launched book, “Politics As Dashed Hopes in Nigeria”.  It is also a stunning revelation. Anwar clearly pointed out, “the brazen display of incompetence, insensitivity and irresponsiveness by delusional party, CPC, leadership at all levels”.Buhari was the leader of the party. Bola Tinubu’s statement about Muhammadu Buhari in 2003 is fairly prophetic, “Muhammadu Buhari is an agent of destabilisation, ethnic bigot and religious fanatic who, if given the chance, would ensure the disintegration of the country.  His ethnocentrism would jeopardise Nigeria’s national unity.”Junaid Mohammed was eloquent on the issue of nepotism.  But if as we were told that Buhari is nepotic because he does not trust others, why should others trust him to continue to put their fate and life in his hand.Trust begets trust.  They cannot be trusted for ‘sensitive’ appointment but they can be sent out to campaign for his re-election.  Who is fooling who?What is happening under Buhari’s watch can be likened to what we witnessed under Gen. Sani Abacha in many ways. When Abacha decided that he must install himself as Nigerian President by all means and at all costs, he went for broke and surrounded himself with hatchet men who on his order and in his interest and at high costs to Nigeria and Nigerians maimed, tortured and killed for Abacha.  Buhari has started on the same path in mad desperation.From available intelligence, we have heard of how Buhari and his party are going about his own self-succession project.  They have started recruiting collation officers who are already awarding results based on their projects to actualise the perpetuation agenda in which the people will not matter and the votes will not count.  It is the sole reason he has blatantly refused to sign the revised Electoral Reform Bill into law.His henchmen are working round the clock in cahoots with security and election officials to perfect their plan by computing results right from the ward to local government, state and national levels to allot him what will look like a landslide victory irrespective of the true situation for a candidate who might have carried out by proxy presidential debate and campaigns.The current plan is to drape the pre-determined results with a toga of credibility.  It is also planned that violence of unimaginable proportion will be unleashed in high voting population areas across the country to precipitate re-run elections and where he will be returned duly elected after concentration of security officials as it happened in Osun State.  We are monitoring them and we call on all democrats across the world to keep an eye on the unfolding anti-democratic agenda of President Muhammadu Buhari.This is the time for preventive measures to be taken otherwise Nigeria may be presented with a fait accompli with impunity and total disregard of all pleas.His scheme bears eloquent testimony to this road similar to Abacha whom he has praised to high heavens and as an arch-supporter and beneficiary from Abacha, he has seen nothing wrong done by him.  It is clear from all indications that Buhari is putting into practice the lessons he learned from Abacha. Buhari has intimidated and harassed the private sector, attacked the National Assembly and now unconstitutionally and recklessly attacked and intimidated the Judiciary to cow them to submission.I was a victim of Abacha’s atrocities against Nigeria and Nigerians – high and low.  At the height of Abacha’s desperation for perpetual power, he did not brook any criticism because Nigeria was seen as his personal property.  You must go along with him or be destroyed.  All institutions for ensuring security, welfare and well-being of Nigeria and Nigerians particularly the Police, the Military and the Department of State Services (DSS) were abused and misused to deal with critics of Abacha and non-conformists with Abacha.Today, another Abacha Era is here.  The security institutions are being misused to fight all critics and opponents of Buhari and to derail our fledgling democracy.  EFCC, Police and Code of Conduct Tribunal are also being equally misused to deal with those Buhari sees as enemies for criticising him or as those who may not do his bidding in manipulating election results.  Criticism, choice and being different are inherent trade mark of democracy.  If democracy is derailed or aborted, anarchy and authoritarianism will automatically follow.Today, as in the day of Abacha, Nigerians must rise up and do what they did in the time of Abacha.  Churches and Mosques prayed.  International community stood by us Nigerians. I was a beneficiary and my life was saved. Well-meaning Nigerians took appropriate actions and made sacrifices, some supreme, some less than supreme but God had the final say and He took the ultimate action.God of Nigeria is a living God and a prayer-answering God.  Nigerians must cry out to God to deliver Nigeria.  Here again, I have been threatened with arrest and extermination but I will not succumb to intimidation or threats.  Maybe I should remind those who are using probe as a threat that I have been probed four times by EFCC, ICPC, House of Representatives and the Senate and Buhari has access to reports of these probes.  But I have also challenged Buhari and the criminals around him to set up a probe on the same allegations and I will face such probe in public. But I know that these criminals cannot withstand a Police inquiry let alone clinical probe on the past public offices they held.  My fervent prayer is that President Buhari may live to see the will and purpose of God for Nigeria.My final appeal to him is to desist from evil with manipulation and desperation because evil has repercussion especially as man who should watch and be mindful of his self-acclaimed and packaged integrity.At the end of the day, those who goad you on will leave you in the lurch.  You will be left alone, naked and unheralded.  In defeat, which must be Buhari’s fear leading to desperation, he and his co-travellers can still maintain modicum of decency, and exhibit fear of God in their actions. We have been told that governance has been abdicated to a cabal.  Now, campaigning has been abdicated to ‘jagaban’.  And it is being authoritatively stated that he would not join any presidential debate.  Nigerians will not allow the elections to be abdicated to INEC and Police to give us false and manipulated results.  I personally commend the President for yielding to popular outcry to let the former Inspector-General of Police, Ibrahim Kpotun Idris, go when he is due as he had the track record and history of being assigned to rig elections for the incumbent.  It was alleged that he was sent to Kano for that purpose in 2015.  He was already deploying his Commissioners of Police on similar mission before his exit.  We must all encourage the new Inspector-General of Police, Mohammed Adamu, to tread the path of professionalism, even-handedness, respect and new image for the Police.While Nigeria must appreciate Buhari for the little he has done and allow him to depart for home in peace if he allows free, fair, peaceful and credible elections, we must also tell ourselves that  Nigeria deserves better at this point in time than what Buhari is capable of offering.  History will note that he has been there.  Nigeria now needs a man with better physical and mental soundness, with an active mind and intellect.Let me say again that Nigeria belongs to all Nigerians and exists for the benefit of all Nigerians and non-Nigerians who desire to live or do business in and with Nigeria.  The attitude of “it is my turn and I can do what I like” with impunity will not last because Nigeria is created by God and it will outlive all evil machinations and designs against the overall interest of Nigeria.Before I conclude, let me assert that the security situation has deteriorated with kidnapping everywhere and Boko Haram more in action and nobody should deceive Nigerians about this.With the teaming up of Boko Haram and Islamic State’s West Africa Province (ISWAP), Boko Haram is stronger today militarily than they have ever been.  Boko Haram has also been empowered by the Nigerian government through payment of ransom of millions of dollars which each administration disingenuously always denies.  With ISIS being liquidated in Iraq and Syria, Africa is now their port of concentration.  Soon, they may take over Libya which, with substantial resources, is almost a totally failed state.  When that happens, all African countries North of Congo River will be unsafe with serious security problems.  The struggle must be for all West African, Central African, North African and most East African States.  Nigeria has to play a vanguard role in this struggle as we have much to lose.  This administration has reached the end of its wit even in handling all security issues, but particularly Boko Haram issue, partly due to misuse of security apparatus and poor equipment, deployment, coordination and cooperation.Finally, those Nigerians that are being intimidated or threatened by this Administration must trust in God and stand firm.  Tough times do not last forever, but tough people invariably survive tough times.  This is a tough time for almost all Nigerians in different respects, but the people’s will shall triumph. All people who have registered to vote with their PVCs must never allow anybody or anything to deny or deprive them of the right of performing their fundamental civic duty of voting and sustaining democracy.  Establishment of democracy and its sustenance is second to attainment of independence in our political life, leaving out the victory of the civil war.  We shall overcome.

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JUST IN: 32 Reportedly Die In Ibadan Children Programme Stampede

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At least 32 people have tragically lost their lives during a stampede at a children’s carnival in Ibadan, the Oyo State capital, in the early hours of Wednesday.

A statement from the Commissioner for Information and Orientation, Prince Dotun Oyelade, revealed that the stampede occurred at a private children’s funfair at Islamic High School, Basorun, resulting in the deaths of 32 people, mostly children, with some others sustaining injuries.

He mentioned that the state government promptly deployed a rapid response team to the site following the incident.

The commissioner confirmed that the victims have been transported to various hospitals across Ibadan for medical treatment.

While thanking the Commissioner for Health, Dr. Oluwaserimi Ajetunmobi, for quickly activating all available response teams to assist at the scene, Oyelade emphasized that the state government will do everything possible to support the victims of the stampede during this difficult time.

He noted that the sate government was not involved in the planning of the carnival, adding that the Ministry of Health was also not carried along in the organisation of the private end of the year children funfair.

Oyelade emphasised the importance of proper coordination when organising events of such magnitude, especially those involving children and elders.

“We are currently awaiting a detailed report from the Commissioner of Police to clarify the total number of victims involved in this unfortunate incident,” he said.

The commissioner urged parents who are concerned about the whereabouts of their children to check the following medical facilities in Ibadan where affected children were taken for proper medical attention, with a valid means of identification:

  • Patnas Hospital, Basorun
  • Western Hospital, Basorun
  • Ringroad State Hospital
  • Molly Specialist Hospital
  • University College Hospital (UCH)

“Oyo State Government extends its deepest sympathies to the families affected by this tragedy while also urging the public to remain calm and cooperative as relevant pieces of information are gathered and necessary supports arranged for the victims,” he added.

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President Tinubu Presents 2025 Budget, Prioritizes Food Security, Education, Infrastructural Development [SEE FULL TEXT]

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Being text of the 2025 budget presentation by President Bola Tinubu to a joint session of the national assembly on December 18, 2024.

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My Fellow Nigerians,

1. In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the 10th National Assembly.

2. On this day, before this hallowed chamber, I present to you the 2025 Budget at a time when our country is at a crucial point in its development trajectory.

3. The 2025 Budget Proposal again reinforces our administration’s roadmap to secure peace, prosperity, and hope for a greater future for our beloved nation. This budget christened, “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” strikes at the very core of our Renewed Hope Agenda and demonstrates our commitment to stabilizing the economy, improving lives, and repositioning our country for greater performance.

4. The journey of economic renewal and institutional development, which we began 18 months ago as a nation, is very much underway. It is not a journey of our choosing but one we had to embark on for Nigeria to have a real chance at greatness. I thank every Nigerian for embarking on this journey of REFORMS and TRANSFORMATION with us.

5. The road of reforms is now clearly upon us, and as the President of this blessed nation, I know this less-travelled road has not been easy. That there have been difficulties and sacrifices. They will not be in vain. And we must keep faith with the process to arrive at our collectively desired destination.

6. We must build on the progress we have made in the past eighteen months in restructuring our economy and ensuring it is strong enough to withstand the headwinds of any future shocks of the global downturn.

7. The 2025 budget that I present today is one of restoration. It seeks to consolidate the key policies we have instituted to restructure our economy, boost human capital development, increase the volume of trade and investments, bolster oil and gas production, get our manufacturing sector humming again and ultimately increase the competitiveness of our economy.

8. We do not intend to depart from this critical path to strengthen the Nigerian economy. Just as I believe in the resilience of our economy to withstand the current challenges, I also strongly believe in the resilience of the Nigerian people. Again, I summon the unstoppable Nigerian spirit to lead us on as we work to rebuild the fabric of our economy and existence.

9. The improvements we witnessed in the 2024 budget have led us into the 2025 budget. The goals of advancing national security, creating economic opportunities, investing in our youthful population, infrastructure development, and national re-orientation form the core of the 2025 budget. But more than that, this will lay a solid foundation for Nigeria’s future growth trajectory.

CURRENT ECONOMIC REALITIES AND PROGRESS

10. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly, I report today that our economy is responding positively to stimulus. Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages through public expenditures and specific non-inflationary spending.

11. The reforms we have instituted are beginning to yield results. Nigerians will soon experience a better and more functional economy.

12. Global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.

* Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.

* Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.

* Our rising exports are reflected in the current trade surplus, which now stands at 5.8 trillion naira, according to the National Bureau of Statistics.

13. These clear results of gradual recovery, among others, reflect the resilience of our economy and the impact of deliberate policy choices we made from the outset.

2024 BUDGET PERFORMANCE

14. I am happy to inform this National Assembly that our administration attained remarkable milestones in implementing the 2024 Budget. In 2024, we achieved:

* 14.55 trillion naira in revenue, meeting 75 percent of our target as of the third quarter.

* 21.60 trillion naira in expenditure, representing 85 percent of our target, also in the third quarter.

15. While challenges persist, we improved revenue collection and fulfilled key obligations. The transformational effects of this on our economy are gradually being felt.

PHILOSOPHY OF THE 2025 BUDGET

16. The 2025 Budget seeks to:

* Restore macroeconomic stability.

* Enhance the business environment.

* Foster inclusive growth, employment, and poverty reduction.

* Promote equitable income distribution and human capital development.

17. Our budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the Renewed Hope Agenda and its developmental objectives.

2025 BUDGET OVERVIEW

18. The numbers for our 2025 budget proposal tell a bold and exciting story of the direction we are taking to retool and revamp the socio-economic fabric of our society.

* In 2025, we are targeting 34.82 trillion naira in revenue to fund the budget.

* Government expenditure in the same year is projected to be 47.90 trillion naira, including 15.81 trillion naira for debt servicing.

* A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit.

19. This is an ambitious but necessary budget to secure our future.

20. The Budget projects inflation will decline from the current rate of 34.6 percent to 15 percent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day (mbpd).

21. These projections are based on the following observations:

* Reduced importation of petroleum products alongside increased export of finished petroleum products.

* Bumper harvests, driven by enhanced security, reducing reliance on food imports.

* Increased foreign exchange inflows through Foreign Portfolio Investments.

* Higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.

KEY PRIORITIES: REBUILDING NIGERIA

22. Our budgetary allocations underscore this administration’s strategic priorities, particularly in advancing the Renewed Hope Agenda and achieving its developmental objectives.

23. Highlights of the 2025 Budget Allocations:

* Defence and Security: N4.91 trillion

* Infrastructure: N4.06 trillion

* Health: N2.48 trillion

* Education: N3.52 trillion

24. As we embark on implementing the 2025 Budget, our steps are deliberate, our decisions resolute, and our priorities are clear. This budget reflects a renewed commitment to strengthening the foundation of a robust economy, while addressing critical sectors essential for the growth and development we envision.

Securing Our Nation:

25. Security is the foundation of all progress. We have significantly increased funding for the military, paramilitary, and police forces to secure the nation, protect our borders, and consolidate government control over every inch of our national territory. The government will continue to provide our security forces with the modern tools and technology they need to keep us safe. Boosting the morale of our men and women in the armed forces will remain our government’s top priority.

26. The officers, men, and women of our Armed Forces and the Nigerian Police Force are the shields and protectors of our nation. Our administration will continue to empower them to defeat insurgency, banditry, and all threats to our sovereignty. Our people should never live in fear—whether on their farmlands, highways or cities. By restoring peace, we restore productivity, revive businesses, and rebuild our communities.

Infrastructure Development:

27. When we launched the Renewed Hope Infrastructure Development Fund, it was with the conviction that infrastructure remains the backbone of every thriving economy. Under this programme, we are accelerating investments in energy, transport, and public works. By leveraging private capital, we hope to complete key projects that drive growth and create jobs. We have already embarked on key legacy projects: Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway, which will have a huge impact on the lives of our people and accelerate economic output.

Human Capital Development:

28. Our people are our greatest resource. That is why we are making record investments in education, healthcare, and social services:

* Our administration has so far disbursed 34 billion naira to over 300,000 students via the Nigeria Education Loan Fund (NELFUND). In the 2025 Budget, we have made provision for 826.90 billion naira for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education (UBEC) and the nine new higher educational institutions.

* We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated 402 billion naira for infrastructure investments in the health sector in the 2025 Budget and another 282.65 billion naira for the Basic Health Care Fund. Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians. This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.

Revitalizing Agriculture:

29. Increasing agricultural production is central to our food security agenda, but insecurity has crippled this vital sector. We are supporting our farmers with funding and inputs to reignite productivity. Food security is non-negotiable. In this regard, we are taking bold steps to ensure that every Nigerian can feed conveniently, and none of our citizens will have to go to bed hungry.

30. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly and fellow Nigerians, our 2025 budget proposal is not just another statement on projected government revenue and expenditures. It is one that calls for action.

31. Our nation faces existential threats from corruption and insecurity and suffers from many past poor choices. These challenges are surmountable when we work collaboratively to overcome them. We must rewrite the narrative of this nation together, with every leader, institution, and citizen playing their part.

32. The time for lamentation is over. This is a time to act. A time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes. It is a time for every Nigerian to look hopefully towards a brighter future because a new day has dawned for us as a nation.

33. As your President, I remain committed and resolute to continue to lead the charge.

34. This 2025 budget proposal lays the foundation for peace, prosperity, and much needed hope. It is the plan through which a Nigeria where every citizen can dream, work, and thrive in safety can be achieved.

35. It is with great pleasure, therefore, that I lay before this distinguished Joint Session of the National Assembly the 2025 Budget of the Federal Government of Nigeria titled “The Restoration Budget: Securing Peace, Rebuilding Prosperity.

36. May God bless our Armed Forces and keep them safe. May God bless the Federal Republic of Nigeria.

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BIG STORY

BREAKING: President Tinubu Arrives National Assembly To Present N47.96tn 2025 Budget

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Barring any last-minute twist, President Bola Tinubu has just arrived at the National Assembly Complex with his entourage to present the 2025 budget proposal before a joint session of parliament.

The Federal Executive Council on Monday approved the N47.96tn budget estimate for the 2025 fiscal year.

Consequently, security agents, including operatives of the Department of State Services, the Nigeria Police Force, Nigerian Security and Civil Defence Corps, Sergeant-At-Arms, and the Federal Road Safety Corps, are restricting access to the complex, assuring that only those with legitimate business related to the proposed budget presentation are allowed entry through the gates.

Staff members of the National Assembly providing clerical and other auxiliary services were on Tuesday instructed to remain at home until the President’s visit was over.

 

More to come…

 

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