Politics
Opposition tags Tinubu’s N47.9tn budget unrealistic
The Coalition of United Political Parties, the Peoples Democratic Party, and the New Nigeria Peoples Party have criticised President Bola Tinubu’s proposed 2025 budget of N47.9tn, expressing doubts about its feasibility and potential to address Nigeria’s economic challenges.
President Tinubu presented the budget to a joint session of the National Assembly on Wednesday, emphasising its focus on economic recovery and development.
However, opposition parties have flagged various concerns.
The CUPP National Secretary, Peter Ahmeh, highlighted instances of budget duplication and mismanagement, claiming that previous APC-led budgets had not translated into meaningful development.
“Every year, the budget increases, but so does poverty. Resources are being mismanaged, roads are deteriorating, and government expenses are skyrocketing. Without proper reviews and effective implementation, this budget will yield little to no development,” Ahmeh stated.
He also questioned the impact of previous budgets, citing unfulfilled promises and increasing hardships for Nigerians.
The NNPP National Publicity Secretary, Ladipo Johnson, described the budget’s inflation and exchange rate targets as overly optimistic.
Headline inflation in November 2024 was 34.6%, yet the budget sets a target of 15%. To achieve this, inflation would need to drop by 1.63% per month, which seems unrealistic without clear strategies.
Food inflation, driven by insecurity in food-producing areas, accounts for half of the headline inflation, and there’s no significant plan for mechanised farming,” Johnson said
Johnson also questioned the exchange rate projection, which targets a reduction from N1,650 to N1,500 per dollar, and raised concerns about persistent oil theft undermining production targets.
Similarly, the PDP Deputy National Youth Leader, Timothy Osadolor, criticised the budget for its reliance on borrowing and accused the administration of failing to address fundamental economic challenges.
“This budget is filled with rhetoric and unrealistic projections. The government claims to save money while constantly seeking loans. Corruption within the administration undermines any chance of success,” Osadolor said.
He emphasised the struggles of ordinary Nigerians, citing skyrocketing food prices, a declining foreign exchange rate, and a stagnant industrial sector.
“A bag of rice now costs more than the minimum wage of most Nigerians. The National Assembly must prioritise strategies to grow the economy instead of relying on endless borrowing,” he said.
Across the board, the opposition raised questions about the sustainability of the budget and its potential impact on Nigeria’s growing debt burden.
They called on the government to adopt more transparent, realistic, and actionable policies to tackle inflation, enhance food security, and address the structural weaknesses in the economy.
Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Friday declared that he’s still a member of the Peoples Democratic Party, PDP.
Wike’s comment followed his expulsion from the party by the faction led by National Chairman, Kabiru Turaki.
Turaki had formally dispatched expulsion certificates to 11 prominent party chieftains, including Wike, former Ekiti State governor, Ayodele Fayose, Senator Samuel Anyanwu, Umaru Bature, Kamarudeen Ajibade, SAN, Abdurahman Muhammad Senator Mao Ohuabunwa.
He said their expulsion was aimed at sanitising the party ahead of the 2027 elections.
Reacting to the development on Friday, Wike dismissed the claim while assuring that he would continue to work with other party members in making PDP a relevant opposition party.
The minister spoke while addressing journalists after inspecting the Interchange bridge and road linking Gwarinpa with Jahi and direct to Katampe, Gishiri and Maitama.
He said, “Those that are factionalized are bound to leave the party, I’m still in PDP and you can see that not everybody has left.
“We still have good numbers and we will continue to work together and that’s what I have said to the party. Put your house in order because at the end of the day, if you don’t put your house in order, it’s the party that is losing.
“So those who are worried, we can work together to see how the party can remain a relevant opposition.”
The governments of Abia and Imo States have announced the launching of a joint security taskforce and surveillance along the Aba-Owerri expressway, starting from Owerrinta in Abia State all the way to Owerri, Imo State.
The launch followed recent attacks by criminals on the expressway, including kidnapping, armed robbery and other criminal activities.
The formation of the joint security taskforce and surveillance was announced by Ferdinand Ekeoma, the Special Adviser to Governor Alex Otti on Media and Publicity.
His statement read in part: “Arising from a strategic emergency security meeting held today, 4th December, 2025, by the Governors of Abia and Imo Sates at the Imo State Government Owerri House, His Excellency Governor Alex Otti and His Excellency Senator Hope Uzodinma resolved to set up a joint security Taskforce that shall consist of Soldiers, Naval Personnel, Police Officers , DSS Personnel, and other Government Security Agencies.
“The joint security Taskforce shall, starting from tomorrow 5th December 2025, patrol the road 24 hours nonstop, while carrying out massive surveillance in the surrounding bushes using sophisticated drones and other modern security equipment.”
According to the statement, Governor Alex Otti commended the Governor of Imo State for arresting the criminals who carried out an attack on His advanced team and other passengers a few days ago.
“The two Governors, while assuring citizens plying the road on a daily basis and those returning home for Christmas of their safety and security, warn that there would be severe consequences for any criminal caught on the road going forward”, Ekeoma concluded.
President Bola Tinubu has transmitted to the senate two lists of 34 career and 31 non career ambassadors nominees for screening and confirmation.
Prominent names listed as non career ambassadors include Reno Omokri, Femi Fani-Kayode, Gen. Abdulrahman Dambazau, Victor Ikpeazu and Ifeanyi Ugwuanyi.
Also listed as non career ambassadors nominees are Prof. Mahmood Yakubu, Vice Admiral Ete Ibas, Senator Jimoh Ibrahim, Senator Nora Daduut, Fatima Ajimobi, and Senator Ita Enang among others.
The two lists brings to 68 number of persons nominated so far as ambassadors awaiting confirmation by the Senate.
PRESIDENT TINUBU’S TRIBUTE TO CENTENARIAN ALHAJI TANKO YAKASAI
I’m still in PDP – Wike replies Turaki, dismisses expulsion
Boris Johnson Says He Feels “Perfectly Safe” in Nigeria, Praises Imo State’s Progress
-
Business1 year ago
US court acquits Air Peace boss, slams Mayfield $4000 fine
-
Trending1 year agoNYA demands release of ‘abducted’ Imo chairman, preaches good governance
-
Politics1 year agoMexico’s new president causes concern just weeks before the US elections
-
Politics1 year agoPutin invites 20 world leaders
-
Politics1 year agoRussia bans imports of agro-products from Kazakhstan after refusal to join BRICS
-
Entertainment1 year ago
Bobrisky falls ill in police custody, rushed to hospital
-
Entertainment1 year ago
Bobrisky transferred from Immigration to FCID, spends night behind bars
-
Education1 year ago
GOVERNOR FUBARA APPOINTS COUNCIL MEMBERS FOR KEN SARO-WIWA POLYTECHNIC BORI