PRESIDENT TINUBU APPRECIATES NIGERIANS FOR BIRTHDAY WELL WISHES, REVEALS HE NEARLY QUIT 2023 PRESIDENTIAL RACE. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE PRESIDENT TINUBU APPRECIATES NIGERIANS FOR BIRTHDAY WELL WISHES, REVEALS HE NEARLY QUIT 2023 PRESIDENTIAL RACE   President Bola Tinubu has expressed deep appreciation to Nigerians for their outpouring of goodwill and prayers as he marked his 73rd birthday.   At a special Iftar held in his honour at the Presidential Villa on Saturday night, President Tinubu thanked guests for their presence, prayers, and contributions to the nation's development.   Acknowledging the challenges he faced on his path to the presidency, President Tinubu reaffirmed his commitment to advancing Nigeria's progress.   The gathering included the First Lady, Senator Oluremi Tinubu, Vice President Kashim Shettima and his wife, Nana Shettima, members of the Federal Executive Council, principal officers of the National Assembly, current and former governors, diplomats, business leaders, religious figures, and some of the President's childhood friends.   Dr. Abdul...
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NATIONAL ASSEMBLY REVISES 2025 BUDGET TO CORRECT ERRORS. (PHOTO).

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 National Assembly Revises 2025 Budget to Correct Errors


The National Assembly has reversed its earlier decision on the 2025 budget bill, passed last week, to rectify errors in capital and recurrent expenditure allocations.


Both the Senate and House of Representatives had approved the bill on Thursday, February 13. However, while the overall budget remains ₦54.9 trillion, adjustments were made—capital expenditure was reduced by over ₦500 billion, while the same amount was added to recurrent expenditure.


According to reports, the revised figures place recurrent expenditure at ₦13.588 trillion and capital expenditure at ₦23.439 trillion.


The budget has sparked mixed reactions, with some critics expressing concerns that the adjustments could contribute to rising inflation.

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