PRESIDENT TINUBU CONGRATULATES MINISTER OF STATE FOR FOREIGN AFFAIRS AMBASSADOR ENIKANOLAIYE ON HIS BIRTHDAY. (PHOTO).

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 PRESIDENT TINUBU CONGRATULATES MINISTER OF STATE FOR FOREIGN AFFAIRS AMBASSADOR ENIKANOLAIYE ON HIS BIRTHDAY   President Bola Tinubu has congratulated the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, on his birthday.    A statement by Bayo Onanuga, Special Adviser to the President, Information and Strategy, indicates that the President describes Ambassador Enikanolaiye as a distinguished diplomat, accomplished administrator and dedicated public servant whose career reflects professionalism, patriotism and a deep commitment to Nigeria.   Ambassador Enikanolaiye served in the Ministry of Foreign Affairs from August 1982 to August 2017, rising through the ranks to become Permanent Secretary. He later served as Senior Special Assistant to the President on Foreign Affairs and International Relations before he was appointed Minister of State for Foreign Affairs.   President Tinubu commends the celebrant’s significant contributions to Nige...
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PRESIDENT TINUBU SIGNS ₦54.99 TRILLION 2025 BUDGET INTO LAW. (PHOTO).

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In a significant move, President Bola Tinubu has signed the ₦54.99 trillion 2025 Appropriation Bill into law, marking a 99.96% increase from the 2024 budget of ₦27.5 trillion.¹ The signing ceremony took place at the State House in Abuja, with principal officers of the National Assembly and top government officials in attendance.


The National Assembly passed the bill on February 13, after President Tinubu requested an increase from the initial proposed ₦49.7 trillion. The approved budget surpasses Tinubu's initial proposal of ₦54.2 trillion, reflecting additional anticipated revenues from agencies like the Federal Inland Revenue Service and the Nigeria Customs Service.


The 2025 budget focuses on key areas, including:


- Security: Allocation of funds to enhance national security

- Infrastructure: Investment in critical infrastructure projects

- Education: Funding for educational initiatives and institutions

- Health: Allocation of $200 million to mitigate the impact of recent U.S. health aid reductions


The budget is based on ambitious economic assumptions, including:


- Crude oil production target: 2.06 million barrels per day at a benchmark price of $75 per barrel

- Exchange rate: ₦1,500 to the U.S. dollar

- Inflation reduction: Aim to reduce inflation from 34.8% to 15% within the year


A significant component of the fiscal strategy involves tax reforms, which Tinubu says are designed to enhance revenue generation and economic stability. The proposed tax overhaul includes increasing the value-added tax to 12.5% by 2026, while exempting essential goods like food and medicine to alleviate the burden on households.

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