News
Bola Tinubu’s 2024 Budget Speech [Full Text]
President Bola Tinubu, on Wednesday, presented the N27.5 trillion 2024 budget proposal to a joint session of the 10th National Assembly in Abuja — his first since assuming office exactly six months ago.
Read the full speech below:
1. In furtherance of my sacred duties and obligations as President of the Federal Republic of Nigeria, it is my honour to be here today to present my administration’s 2024 Budget Proposal to this Joint Session of the 10th National Assembly. This moment is especially profound and significant to me because it is my first annual budgetary presentation to the National Assembly.
2. Distinguished Senators and Honourable Members of the National Assembly, I commend your swift consideration and passage of the 2023 Supplementary Appropriation Bills and the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper. Your prompt action underscores your devotion to economic development and to the greater welfare of our people. It also highlights your desire to work in close collaboration with the Executive branch. We do not serve ourselves. We must always strive to work together to serve and benefit the people of our beloved country.
3. I am confident that the National Assembly will continue to work closely with us to ensure that deliberations on the 2024 Budget are thorough but also concluded with reasonable dispatch. Our goal is for the Appropriation Act to come into effect on the 1st of January 2024.
4. It is, by now, a matter of recorded history that my very first fiscal intervention as President of this great nation was to end the fuel subsidy regime which had proven to be so harmful to the overall health of our national economy. The second was to negotiate and subsequently present a supplementary budget to enable my government to fund the items needed to restore macro-economic stability and mitigate the harsh impact of subsidy removal.
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5. The third was to secure a second supplementary budget, this time to enable us to keep our promises to promote national security, invest in infrastructure and provide much-needed support to the most vulnerable households in our society.
6. In swearing in my cabinet and reflecting on the unique challenges facing us, I invited the Ministers to imagine that we are attempting to draw water from a dry well. Today, I stand before you to present our Budget of Renewed Hope; a budget which will go further than ever before in cementing macro-economic stability, reducing the deficit, increasing capital spending and allocation to reflect the eight priority areas of this Administration. The budget we now present constitutes the foundation upon which we shall erect the future of this great nation.
PREVAILING ECONOMIC ENVIRONMENT
7. Economic conditions remain challenging both abroad and at home. Despite lingering post-COVID supply and production bottlenecks, armed conflict in various parts of the world and restrictive monetary policies in major economies, we expect global growth to hover around 3.0 percent in 2024. This relatively low rate has significant implications for our economy due to our current reliance on importation.
8. Distinguished Senators, Honourable Members: despite the global headwinds, the Nigerian economy has proven resilient, maintaining modest but positive growth over the past twelve months.
9. Inflation has trended upward due to weak global conditions. To contain the rising domestic prices, we will ensure effective coordination of fiscal and monetary policy measures, and collaborate with sub-national governments to address structural factors driving inflation in Nigeria.
10. The Budget proposal meets our goal of completing critical infrastructure projects which will help address structural problems in the economy by lowering the costs of doing business for companies and the cost of living for the average person, The Honourable Minister of Budget and Economic Planning will provide full details of this proposal.
11. Distinguished Senators and Honourable Members, an aggregate revenue of 11.045 trillion naira was projected to fund the 2023 Budget of 24.82 trillion naira with a deficit of about 6.1 percent of GDP.
12. As of September 30, the Federal Government’s actual aggregate revenue inflow was 8.65 trillion naira, approximately 96 percent of the targeted 8.28 trillion naira.
13. Despite the challenges, we continue to meet our obligations.
THEME AND PRIORITIES OF THE 2024 BUDGET
14. Distinguished Senators, Honourable Members, permit me to highlight key issues relating to the budget proposals for the next fiscal year. The 2024 Appropriation has been themed the Budget of Renewed Hope. The proposed Budget seeks to achieve job-rich economic growth, macro-economic stability, a better investment environment, enhanced human capital development, as well as poverty reduction and greater access to social security.
15. Defence and internal security are accorded top priority. The internal security architecture will be overhauled to enhance law enforcement capabilities and safeguard lives, property and investments across the country.
16. Human capital is the most critical resource for national development. Accordingly, the budget prioritizes human development with particular attention to children, the foundation of our nation.
17. To improve the effectiveness of our budget performance, the government will focus on ensuring value for money, greater transparency and accountability. In this regard, we will work more closely with development partners and the private sector.
18. To address long-standing issues in the education sector, a more sustainable model of funding tertiary education will be implemented, including the Student Loan Scheme scheduled to become operational by January 2024.
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19. A stable macro-economic environment is important to catalyse private investment and accelerate economic growth. We have and shall continue to implement business and investment-friendly measures for sustainable growth.
20. We expect the economy to grow by a minimum of 3.76 percent, above the forecasted world average. Inflation is expected to moderate to 21.4 percent in 2024.
21. In preparing the 2024 Budget, our primary objective has been to sustain our robust foundation for sustainable economic development. A critical focus of this budget and the medium-term expenditure framework is Nigeria’s commitment to a greener future.
22. Emphasizing public-private partnerships, we have strategically made provisions to leverage private capital for big-ticket infrastructure projects in energy, transportation and other sectors. This marks a critical step towards diversifying our energy mix, enhancing efficiency, and fostering the development of renewable energy sources. By allocating resources to support innovative and environmentally conscious initiatives, we aim to.
News
Adeboye to Tinubu: Give Security Chiefs 90 Days to End Terrorism or Sack Them
The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has finally spoken on the ongoing controversy surrounding alleged genocidal attacks against Christians in Nigeria and the reported plans by the United States to take military action against the country.
For weeks, Christian leaders had faced public criticism for their perceived silence amid the global outcry following US President Donald Trump’s warning and the subsequent revelation of a possible military intervention.
In a newly released video clip from one of the church’s recent programmes, Pastor Adeboye urged President Bola Tinubu’s administration to act swiftly, diplomatically, and strategically to prevent escalation.
He said:
“My children, if I were asked to make suggestions, I will say quietly to our government, move fast, move diplomatically, move wisely.
Find a way to convince the president of America to please delay his actions for about 100 days. And then come home and say to our security chiefs: get rid of these terrorists within 90 days, or resign.”
Adeboye further advised the President to give firm directives to the nation’s security heads to eliminate not only terrorists but also their sponsors, regardless of their influence.
“Make it clear to them that they are not only to eliminate the terrorists, they should eliminate their sponsors no matter how influential,” he added.
The respected cleric also warned that Nigeria must not rely on foreign allies should a conflict erupt, stressing that “if the US should attack us, China is not coming to defend us, Russia won’t defend us.”
Adeboye’s statement comes amid intensifying diplomatic discussions between Abuja and Washington following reports of a contingency military plan by the US Africa Command (AFRICOM).
Watch video here
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Music News
Burna Boy, Davido, Ayra Starr, Wizkid Lead Nigeria’s Charge in 2026 Grammy Nominations
The Recording Academy has unveiled the 2026 Grammy Awards nominations, spotlighting a rich mix of international superstars, breakthrough talents, and African heavyweights with Nigeria once again making a strong showing on the world stage.
The 68th Annual Grammy Awards will take place on Sunday, February 1, 2026, at the Crypto.com Arena in Los Angeles, celebrating the best in global music released between August 31, 2024, and August 30, 2025.
This year’s awards also introduce two new categories Best Traditional Country Album and Best Album Cover marking another evolution in the prestigious ceremony.
Leading the pack is Kendrick Lamar with nine nominations, followed by Lady Gaga, who scored seven nods, including her fifth Album of the Year nomination for “MAYHEM.”
Nigerian Stars Shine Bright
Nigeria continues to dominate the African and Global Music categories, with Burna Boy, Davido, Omah Lay, Ayra Starr, and Wizkid earning nominations alongside continental legends like Angélique Kidjo (Benin), Eddy Kenzo (Uganda), Tyla (South Africa) and Youssou N’Dour (Senegal).
Burna Boy leads the Nigerian contingent with two nominations:
- Best African Music Performance (“Love”)
- Best Global Music Album (“No Sign of Weakness”)
Davido also earned a nod for Best African Music Performance with “With You” featuring Omah Lay, while Ayra Starr and Wizkid scored a joint nomination for “Gimme Dat.”
Other contenders in the category include Eddy Kenzo & Mehran Matin (“Hope & Love”) and Tyla (“Push 2 Start”).
In the Best Global Music Album category, Burna Boy faces stiff competition from Youssou N’Dour (“Éclairer le Monde – Light the World”), Angélique Kidjo, and India’s Anoushka Shankar (“Chapter III: We Return to Light”).
Highlights From the 2026 Grammy Nominations
Album of the Year
- Bad Bunny – DeBÍ TiRAR MáS FOToS
- Justin Bieber – Swag
- Sabrina Carpenter – Man’s Best Friend
- Clipse – Let God Sort Em Out
- Lady Gaga – Mayhem
- Kendrick Lamar – GNX
- Leon Thomas – Mutt
- Tyler, The Creator – Chromakopia
Record of the Year
- Bad Bunny – “DtMF”
- Sabrina Carpenter – “Manchild”
- Billie Eilish – “Wildflower”
- Lady Gaga – “Abracadabra”
- Kendrick Lamar with SZA – “Luther”
- Rosé and Bruno Mars – “APT.”
Song of the Year
- Lady Gaga – “Abracadabra”
- Bad Bunny – “DtMF”
- Kendrick Lamar with SZA – “Luther”
- Sabrina Carpenter – “Manchild”
- Billie Eilish – “Wildflower”
Best African Music Performance
- Burna Boy – “Love”
- Davido ft. Omah Lay – “With You”
- Ayra Starr ft. Wizkid – “Gimme Dat”
- Eddy Kenzo & Mehran Matin – “Hope & Love”
- Tyla – “Push 2 Start”
Best Global Music Album
- Burna Boy – No Sign of Weakness
- Youssou N’Dour – Éclairer le Monde – Light the World
- Anoushka Shankar – Chapter III: We Return to Light
- Shakti – Mind Explosion (50th Anniversary Tour Live)
- Caetano Veloso & Maria Bethânia – Caetano e Bethânia Ao Vivo
African Excellence on the World Stage
The 2026 Grammys reaffirm Africa’s growing global influence in music, especially as Afrobeats, Amapiano, and Afro-fusion sounds continue to dominate charts and playlists worldwide.
With Burna Boy eyeing another Grammy victory and Davido, Ayra Starr, and Wizkid securing key nominations, Nigerian music’s global momentum remains unstoppable.
The 68th Grammy Awards will air live worldwide on February 1, 2026, promising electrifying performances and unforgettable moments from the biggest names in global music.
2026 GRAMMYS: See The Full Nominations List
News
Full List: FEC Approves Major Road Projects Across Nigeria
FEC Approves Major Road Projects Across Nigeria, Including Lagos–Ibadan and East–West Highways
The Federal Executive Council (FEC), on Thursday, November 6, 2025, approved several major road projects across the country aimed at improving connectivity, easing traffic congestion, and enhancing economic activity.
According to a list shared by the Special Assistant to Presiden Bola Ahmed Tinubu on Social Media.
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Below are the key road projects approved during the meeting:
- Lagos–Ibadan Expressway (Phase II, Section II – Lagos to Ibadan):
Approval granted for repairs of failed sections, completion of underpasses, ramps, and adjoining roads. - Mushin–NNPC Junction–Apapa–Oshodi Expressway (Lagos):
Dualisation of the expressway approved, with cost revisions to reflect inflation and updated design specifications. - Sokoto–Badagry Superhighway (Section III: Badagry–Ogun–Oyo border):
New contract approved for the 162.97-kilometre stretch, linking the Southwest and Northwest corridors. - Ilorin–Omu Aran–Egba Road (Kwara/Egba region):
A 216-kilometre road project divided into phases; Phase I received approval under the current budget. - East–West Road (Federal corridor):
Redesign approved to improve traffic flow and pavement strength, with dual carriageways and additional bridges included. - Ota–Idi-Iroko Road (Ogun State):
Approval for review and redesign; the road will now use rigid concrete pavement and include a new bridge to address challenging terrain and high water-table conditions. - Jos–Turunku–Maraban–Jama’a Road (Kaduna State):
Rehabilitation works approved to enhance inter-state connectivity in the North-Central region. - Ijebu–Ibu Ete–Egba–Owena Road (Ogun & Ondo States):
Reconstruction approved for this inter-state route linking Ogun and Ondo, with upgraded design standards.
The approved projects reflect the federal government’s ongoing commitment to upgrading Nigeria’s road infrastructure to boost trade, logistics, and regional integration.
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Biafra
Court Forecloses Defence, Fixes November 20 for Nnamdi Kanu Judgment
The Federal High Court sitting in Abuja has fixed November 20, 2025, for judgment in the trial of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra (IPOB), who is facing charges bordering on alleged terrorism.
Justice James Omotosho, who presided over the case, set the date on Friday after foreclosing Kanu’s right to present his defence, following his repeated refusal to proceed under a law he claimed had been repealed.
“This court has given the defendant every opportunity required under Section 36 of the Constitution, and I will not allow this to continue. It is on this basis, without hesitation, that I hold that the defendant has waived his right,” the judge ruled.
Kanu had consistently declined to open his defence, insisting there was no valid charge against him and that his continued detention by the Department of State Services (DSS) was illegal.
The court had, on October 24, adjourned the matter to October 27 to allow Kanu commence his defence after he disengaged his legal team and opted to represent himself. On November 4, Justice Omotosho gave the defendant a final opportunity to open his defence or risk forfeiting his right to do so.
Despite the judge’s persuasion for him to engage legal counsel, Kanu maintained that the terrorism charges were unconstitutional, citing Section 36(12) of the 1999 Constitution to argue that there was “no written law establishing terrorism as an offence in Nigeria.”
At Friday’s proceedings, Kanu complained that he had been prevented from filing an important process. The judge subsequently directed that the court’s registry be temporarily relocated to the courtroom to enable the defendant file the document. Proceedings were stood down for one hour to complete the process.
Upon reconvening, Adegboyega Awomolo (SAN), counsel to the Federal Government, informed the court that he would rely on the exhibits already attached to the defendant’s motions rather than file a new response.
In one of his motions, Kanu asked the court to expunge his “not guilty” plea from the record, alleging that he was “deceptively arraigned” in violation of his constitutional rights. He also sought an order nullifying all proceedings in the case and demanding his immediate release.
Justice Omotosho, however, held that the defendant’s refusal to present his case amounted to a waiver of his right to fair hearing, having been given several opportunities to do so.
The court then adjourned the matter to November 20 for judgment.
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Abia State
Governor Alex Otti Raises NYSC Allowance by 1,150%, Implements CONHESS for Health Workers in Abia
Abia State Governor, Dr. Alex Otti, has approved a massive increase in monthly allowances for National Youth Service Corps (NYSC) members serving in the state from a long-standing ₦4,000 to as high as ₦50,000.
This landmark decision represents a 1,150% increment, marking the first major review in nearly 27 years and further cementing Governor Otti’s reputation as a leader committed to youth empowerment and human capital development.
According to the new structure, all Corps Members serving in Abia State will now receive a base monthly allowance of ₦20,000, in addition to the Federal Government’s ₦77,000 monthly stipend. Those serving in State Government establishments and Teaching/Medical roles will earn an additional ₦10,000 and ₦30,000, respectively.
Governor Otti explained that the differential allowances were introduced to attract Corps Members to critical sectors like health and education, addressing the human resource gaps created by years of neglect and attrition.
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Transforming the NYSC Experience in Abia
The “New Abia” is rapidly becoming a model for inclusive governance and practical reforms. Beyond financial incentives, Governor Otti’s administration has continued to upgrade the NYSC Orientation Camp in Bende Local Government Area, breathing new life into facilities that had been abandoned for decades.
The improvements include renovation of internal roads, provision of reliable electricity, installation of power equipment, and rehabilitation of dilapidated hostels and administrative buildings. Despite the camp being a Federal Government facility, the Governor maintains that every institution within Abia whether state or federal deserves attention because “it is Abians who benefit the most.”
A New Deal for Health Workers
In a related development, Governor Otti has also approved the full implementation of the Consolidated Health Salary Structure (CONHESS) for health workers across Abia State. The long-awaited wage adjustment aligns the state’s healthcare workforce with national standards, ensuring fair compensation, improved morale, and enhanced service delivery.
This decision underscores the administration’s resolve to rebuild the state’s healthcare sector, retain skilled professionals, and restore public confidence in government institutions.
Building a Future That Works
Governor Otti’s reforms reflect his core philosophy: taxation is the government’s share of the prosperity it has created, and investing in people is the surest path to sustainable development.
For years, Corps Members have played pivotal roles in Abia’s progress from education and healthcare to law, engineering, and public administration. The Governor’s gesture, therefore, is both a reward and an investment in the future.
With his signature blend of vision and action, Governor Otti continues to inspire a new era of hope, opportunity, and excellence for Abia State and its people.
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