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President Bola Tinubu has requested the national assembly to consider a N6.2 trillion increase in the 2024 appropriation act.

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9 months ago

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President Tinubu expressed his request in a letter that was read aloud by Senate President Godswill Akpabio during the Wednesday session in the upper legislative chamber.

This adjustment raises the 2024 budget to N34.9 trillion, up from the original N28.7 trillion budget that Tinubu approved on January 1st.

Tinubu is advocating for a budget revision that allocates N3.2 trillion for infrastructure initiatives and N3 trillion for ongoing expenses.

The president said, “Pursuant to section 58 (2) of the constitution of the federal republic of Nigeria as amended, I forward herewith the above named bills for consideration and passage by the senate,”

“The appropriation act amendment bill seeks to amend the principal act to provide the sum of N3,200,000,000,000 for Renewed Hope Infrastructure Projects and other critical infrastructure projects to be undertaken across the country and the sum of N3,000,000,000,000 to meet further recurrent expenditure requirements necessary for the prosper operation of the federal government.

“They shall be funded by accruing to the federal government of Nigeria.”

“Furthermore, the proposed amendments to the Finance Acts 2023 are required to a one-time windfall tax on the foreign exchange gains realised by banks in their 2023 financial statements to fund capital infrastructure development, education, and healthcare as well as welfare initiatives all which are components of the Renewed Hope Agenda,”

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Entertainment

Davido releases 5th studio album, ‘5ive’

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4 days ago

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April 18, 2025

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Nigerian singer David Adeleke, popularly known as Davido, has released his fifth studio album titled ‘5ive’.

The News Agency of Nigeria reports that as part of the prelude to the release of ‘5ive’, the singer had previously dropped three singles, ‘Be There Still’, ‘Funds’, featuring Odumodublvck and Chike, and ‘Awuke’, featuring YG Marley.

The 17-track project includes features from artistes like Chris Brown, Omah Lay, Victony, Becky G, Shensea, and others.

In one of the previously released tracks titled ‘Funds’, Davido gives his signature energy on the track while Odumodublvck’s gritty verses complement Chile’s smooth melodies.

‘Titanium’, which features Chris Brown, speaks about a lover who tries to break them down emotionally, while ‘Offa Me’, featuring Victoria Monet, speaks about wanting his lover in a sexual way, and ‘Nuttin Dey’ boasts of his confidence and longevity.

‘5ive’ arrives two years after his last studio album, titled ‘Timeless’, which reached number two on Billboard’s World Albums Chart. (NAN)

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Na to break una phone” Nkechi Blessing Sunday warns people who try to take unflattering photos of her with their cheap phones

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4 days ago

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April 17, 2025

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Nkechi Blessing Sunday has warned people who take photos of her with their cheap phones.

The actress took to her Instagram Stories to write: “All of una with una useless cheap
phones. if una no fit clean una camera lens well before una put am for my face, na to break una phones remain or try avoid me!!!”


This comes after she responded to trolls who accused her of looking perfect in a video she shared via her account while looking different in the video shared by Daddy Freeze via his Instagram account when they met at the same event.

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Reverse, a movie produced by Linda Ikeji, to hit cinemas on May 16

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4 days ago

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April 17, 2025

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Reverse is set to hit cinemas on May 16.

The movie tells the story of Rita, who goes into a store to shop for groceries, sees the storekeeper assaulting a little boy, and intervenes. The series of events that unfold immediately after will change the course of her life forever.

Reverse, starring Hilda Dokubo, Anta Laniyan, Susan Pwajok, Ruby Ekezie, Yvonne Jegede, Kalu Ikeagwu and many more stars, is coming to Cinemas from May 16th.

It is written and produced by Linda Ikeji, co-produced by Dami Dawson and distributed by The Nile Entertainment.

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