FULL TEXT: Tinubu’s speech at 2025 budget presentation to joint National Assembly - Newstrends
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FULL TEXT: Tinubu’s speech at 2025 budget presentation to joint National Assembly

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President Bola Ahmed Tinubu's 2025 Budget of Restoration

FULL TEXT: Tinubu’s speech at 2025 budget presentation to joint National Assembly

Presentation by His Excellency, President Bola Ahmed Tinubu, GCFR of the 2025 Budget of Restoration: Securing Peace, Rebuilding Prosperity to a joint session of the National Assembly on Wednesday 18th December, 2024.

PROTOCOLS:

— The Vice President, Senator Kashim Shettima

— Senate President, Distinguished Senator Godswill Akpabio

— Right Honourable Speaker, Tajudeen Abbas

— National Chairman of our great party, Excellency, Abdullahi Umar Ganduje

— State Governors here present

— Distinguished Leaders and Members of the National Assembly

— Senior Government Officials here present

— Gentlemen of the press.

My Fellow Nigerians,

1. In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the 11th National Assembly.

2. On this day, before this hallowed chamber, I present to you the 2025 Budget at a time when our country is at a crucial point in its development trajectory.

3. The 2025 Budget Proposal again reinforces our administration’s roadmap to secure peace, prosperity, and hope for a greater future for our beloved nation. This budget christened, “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” strikes at the very core of our Renewed Hope Agenda and demonstrates our commitment to stabilizing the economy, improving lives, and repositioning our country for greater performance.

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4. The journey of economic renewal and institutional development, which we began 18 months ago as a nation, is very much underway. It is not a journey of our choosing but one we had to embark on for Nigeria to have a real chance at greatness. I thank every Nigerian for embarking on this journey of REFORMS and TRANSFORMATION with us.

5. The road of reforms is now clearly upon us, and as the President of this blessed nation, I know this less-travelled road has not been easy. That there have been difficulties and sacrifices. They will not be in vain. And we must keep faith with the process to arrive at our collectively desired destination.

6. We must build on the progress we have made in the past eighteen months in restructuring our economy and ensuring it is strong enough to withstand the headwinds of any future shocks of the global downturn.

7. The 2025 budget that I present today is one of restoration. It seeks to consolidate the key policies we have instituted to restructure our economy, boost human capital development, increase the volume of trade and investments, bolster oil and gas production, get our manufacturing sector humming again and ultimately increase the competitiveness of our economy.

8. We do not intend to depart from this critical path to strengthen the Nigerian economy. Just as I believe in the resilience of our economy to withstand the current challenges, I also strongly believe in the resilience of the Nigerian people. Again, I summon the unstoppable Nigerian spirit to lead us on as we work to rebuild the fabric of our economy and existence.

9. The improvements we witnessed in the 2024 budget have led us into the 2025 budget. The goals of advancing national security, creating economic opportunities, investing in our youthful population, infrastructure development, and national re-orientation form the core of the 2025 budget. But more than that, this will lay a solid foundation for Nigeria’s future growth trajectory.

CURRENT ECONOMIC REALITIES AND PROGRESS

10. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly, I report today that our economy is responding positively to stimulus. Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages through public expenditures and specific non-inflationary spending.

11. The reforms we have instituted are beginning to yield results. Nigerians will soon experience a better and more functional economy.

12. Global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.

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Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.

Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.

Our rising exports are reflected in the current trade surplus, which now stands at 5.8 trillion naira, according to the National Bureau of Statistics.

13. These clear results of gradual recovery, among others, reflect the resilience of our economy and the impact of deliberate policy choices we made from the outset.

2024 BUDGET PERFORMANCE

14. I am happy to inform this National Assembly that our administration attained remarkable milestones in implementing the 2024 Budget. In 2024, we achieved:

14.55 trillion naira in revenue, meeting 75 percent of our target as of the third quarter.

21.60 trillion naira in expenditure, representing 85 percent of our target, also in the third quarter.

15. While challenges persist, we improved revenue collection and fulfilled key obligations. The transformational effects of this on our economy are gradually being felt.

PHILOSOPHY OF THE 2025 BUDGET

16. The 2025 Budget seeks to:

Restore macroeconomic stability.

Enhance the business environment.

Foster inclusive growth, employment, and poverty reduction.

17. Our budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the Renewed Hope Agenda and its developmental objectives.

2025 BUDGET OVERVIEW

18. The numbers for our 2025 budget proposal tell a bold and exciting story of the direction we are taking to retool and revamp the socio-economic fabric of our society.

In 2025, we are targeting 34.82 trillion naira in revenue to fund the budget.

Government expenditure in the same year is projected to be 47.90 trillion naira, including 15.81 trillion naira for debt servicing.

A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit.

19. This is an ambitious but necessary budget to secure our future.

20. The Budget projects inflation will decline from the current rate of 34.6 percent to 15 percent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day (mbpd).

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21. These projections are based on the following observations:

Reduced importation of petroleum products alongside increased export of finished petroleum products.

Bumper harvests, driven by enhanced security, reducing reliance on food imports.

Increased foreign exchange inflows through Foreign Portfolio Investments.

Higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.

KEY PRIORITIES: REBUILDING NIGERIA

22. Our budgetary allocations underscore this administration’s strategic priorities, particularly in advancing the Renewed Hope Agenda and achieving its developmental objectives.

23. Highlights of the 2025 Budget Allocations:

• Defence and Security: N4.91 trillion

• Infrastructure: N4.06 trillion

• Health: N2.48 trillion

• Education: N3.52 trillion

24. As we embark on implementing the 2025 Budget, our steps are deliberate, our decisions resolute, and our priorities are clear. This budget reflects a renewed commitment to strengthening the foundation of a robust economy, while addressing critical sectors essential for the growth and development we envision.

Securing Our Nation:

25. Security is the foundation of all progress. We have significantly increased funding for the military, paramilitary, and police forces to secure the nation, protect our borders, and consolidate government control over every inch of our national territory. The government will continue to provide our security forces with the modern tools and technology they need to keep us safe. Boosting the morale of our men and women in the armed forces will remain our government’s top priority.

26. The officers, men, and women of our Armed Forces and the Nigerian Police Force are the shields and protectors of our nation. Our administration will continue to empower them to defeat insurgency, banditry, and all threats to our sovereignty. Our people should never live in fear—whether on their farmlands, highways or cities. By restoring peace, we restore productivity, revive businesses, and rebuild our communities.

Infrastructure Development:

27. When we launched the Renewed Hope Infrastructure Development Fund, it was with the conviction that infrastructure remains the backbone of every thriving economy. Under this programme, we are accelerating investments in energy, transport, and public works. By leveraging private capital, we hope to complete key projects that drive growth and create jobs. We have already embarked on key legacy projects: Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway, which will have a huge impact on the lives of our people and accelerate economic output.

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Human Capital Development:

28. Our people are our greatest resource. That is why we are making record investments in education, healthcare, and social services:

Our administration has so far disbursed 34 billion naira to over 300,000 students via the Nigeria Education Loan Fund (NELFUND). In the 2025 Budget, we have made provision for 826.90 billion naira for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education (UBEC) and the nine new higher educational institutions.

We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated 402 billion naira for infrastructure investments in the health sector in the 2025 Budget and another 282.65 billion naira for the Basic Health Care Fund. Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians. This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.

Revitalizing Agriculture:

29. Increasing agricultural production is central to our food security agenda, but insecurity has crippled this vital sector. We are supporting our farmers with funding and inputs to reignite productivity. Food security is non-negotiable. In this regard, we are taking bold steps to ensure that every Nigerian can feed conveniently, and none of our citizens will have to go to bed hungry.

30. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly and fellow Nigerians, our 2025 budget proposal is not just another statement on projected government revenue and expenditures. It is one that calls for action.

31. Our nation faces existential threats from corruption and insecurity and suffers from many past poor choices. These challenges are surmountable when we work collaboratively to overcome them. We must rewrite the narrative of this nation together, with every leader, institution, and citizen playing their part.

32. The time for lamentation is over. This is a time to act. A time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes. It is a time for every Nigerian to look hopefully towards a brighter future because a new day has dawned for us as a nation.

33. As your President, I remain committed and resolute to continue to lead the charge.

34. This 2025 budget proposal lays the foundation for peace, prosperity, and much needed hope. It is the plan through which a Nigeria where every citizen can dream, work, and thrive in safety can be achieved.

35. It is with great pleasure, therefore, that I lay before this distinguished Joint Session of the National Assembly the 2025 Budget of the Federal Government of Nigeria titled “The Restoration Budget: Securing Peace, Rebuilding Prosperity.

36. May God bless our Armed Forces and keep them safe. May God bless the Federal Republic of Nigeria.

Thank you.

Bola Ahmed Tinubu, GCFR

President, Commander-in-Chief of The Armed Forces, Federal Republic of Nigeria.

 

FULL TEXT: Tinubu’s speech at 2025 budget presentation to joint National Assembly

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Troops Arrest Dismissed Police Inspector Over Alleged Arms Trafficking in Plateau

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June 15, 2026

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Arrested dismissed police officer, Inspector Danjuma Yusuf

Troops Arrest Dismissed Police Inspector Over Alleged Arms Trafficking in Plateau

Troops of Operation Enduring Peace have arrested a dismissed police officer, Inspector Danjuma Yusuf, over alleged involvement in a high-profile arms trafficking network operating across state lines in Plateau State.

The arrest was carried out on Sunday at the Makera axis of Riyom Local Government Area during an intelligence-led operation conducted by troops of Sector 6 in collaboration with the Headquarters of Operation Enduring Peace.

According to a military statement obtained by Politics Nigeria, the breakthrough followed credible intelligence on the movement of illicit arms within Plateau State and neighbouring regions.

“Acting swiftly, troops of Sector 6, in collaboration with Headquarters Operation Enduring Peace, executed a coordinated intelligence-led operation on Sunday, 14 June 2026,” the statement said.

The suspect was reportedly intercepted while travelling in a white Peugeot vehicle from Jos South towards the Makera axis. He was placed under surveillance before being stopped at a military checkpoint.

A search of the vehicle led to the recovery of two locally fabricated pistols, 167 rounds of 9mm ammunition, three cans of pepper spray, and a jack knife.

Other items recovered from the suspect included two mobile phones, two cutlasses, a police staff tag, photographs showing him in police uniform, two ATM cards, a National Identification Number (NIN) card, and ₦73,300 in cash.

Preliminary findings identified the suspect as a former officer of the Nigeria Police Force Base 7, Abuja, who had been officially dismissed from service.

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“Further intelligence indicates that the suspect is a key figure in an interstate arms trafficking syndicate, allegedly supplying weapons to criminal elements involved in terrorism, banditry, kidnapping and other violent crimes,” the statement added.

Military authorities said the suspect is currently in custody and undergoing interrogation aimed at uncovering members of his network, including possible collaborators, financiers, and supply routes.

The operation, according to the Army, represents a significant disruption of illegal arms trafficking activities and demonstrates the effectiveness of ongoing intelligence-driven security operations in the region.

The Nigerian Army reaffirmed its commitment to sustaining coordinated efforts with other security agencies to curb the proliferation of illegal weapons and combat violent crimes across the country.

It also urged members of the public to continue providing timely and credible information to support ongoing counter-crime operations and enhance security nationwide.

Further updates are expected as investigations continue.

 

Troops Arrest Dismissed Police Inspector Over Alleged Arms Trafficking in Plateau

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Police Foil Kidnap Attempt, Rescue Nine Victims on Katsina–Kankara Road

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June 15, 2026

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Police Foil Kidnap Attempt, Rescue Nine Victims on Katsina–Kankara Road
Commissioner of Police in Katsina State, Ali Umar-Fage

Police Foil Kidnap Attempt, Rescue Nine Victims on Katsina–Kankara Road

The Katsina State Police Command says its operatives have foiled a kidnapping attempt and rescued nine passengers during a coordinated operation along the Katsina–Kankara Road in Katsina State.

The Command’s spokesperson, DSP Abubakar Aliyu, said the incident occurred on June 12, 2026, at about 2:30 p.m., when suspected armed bandits blocked the highway at Tashar Kanya village in Kankara Local Government Area.

According to him, the attackers intercepted a red commercial Volkswagen Golf III Saloon with registration number KMC 400 MK, driven by a 40-year-old man identified as Aliyu, popularly known as “Maitakabari.”

The vehicle was reportedly conveying 11 passengers from Dandume to Katsina when the armed men stopped it and abducted all occupants.

Following a distress call, the Divisional Police Officer (DPO) in Kankara mobilised a tactical team, including operatives of the Violent Crime Rescue Unit (VCRU), to the scene.

“The operatives tactically engaged the bandits in a fierce gun duel. Due to the team’s superior firepower and tactical manoeuvres, the hoodlums were forced to flee the scene,” the statement said.

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During a sweep of the area after the encounter, police operatives rescued nine victims unhurt.

The rescued persons were identified as Abubakar Ibrahim (28), Rakkiya Ya’u (30), Shamsiya Ahmad Mahamud (18), Jumai Majarazu (20), Salamatu Adamu (30), Yusuf Halliru (17), Harira Hamisu (25), Umma Kabir (17), and Nusaiba Maharazu (3).

However, two persons — the driver, Aliyu “Maitakabari,” and a passenger, Buhari Kabir — were still unaccounted for at the time of the report. Authorities said a search-and-rescue operation was ongoing to locate them and apprehend the fleeing suspects.

The police spokesperson added that the Commissioner of Police in Katsina State, CP Aliyu Umar Fage, commended the operatives for their swift response and bravery during the operation.

He also reassured residents that the command remains committed to intensifying security operations aimed at clearing criminal elements from highways and rural communities across the state.

Katsina State has continued to experience recurring cases of banditry and highway kidnappings, prompting increased patrols and tactical deployments along major travel routes.

Authorities say further updates will be provided as search operations continue.

Police Foil Kidnap Attempt, Rescue Nine Victims on Katsina–Kankara Road

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Edo Gov Okpebholo Orders Probe Into Benin Vegetable Market Kidnapping

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June 15, 2026

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Edo Gov Okpebholo Orders Probe Into Benin Vegetable Market Kidnapping
Edo State Governor, Monday Okpebholo

Edo Gov Okpebholo Orders Probe Into Benin Vegetable Market Kidnapping

Edo State Governor, Monday Okpebholo, has condemned the kidnapping incident that occurred on Sunday at the Vegetable Market along Airport Road, Benin City, describing it as unacceptable and a direct attack on innocent residents.

In a statement issued on Monday by his media aide, Patrick Ebojele, the governor directed the Edo State Police Command to immediately launch a swift and coordinated investigation into the incident, with orders to secure the rescue of the victim and apprehend those responsible.

The governor also warned that his administration would not tolerate any act capable of threatening public safety or disrupting peace in the state.

“I strongly condemn this act of kidnapping and I call on the Commissioner of Police to immediately open investigation into the matter,” Okpebholo said.

“As a government, we will not tolerate any act that threatens public safety and security or disturbs the peace of the state.”

He urged residents of Benin City and across Edo State to remain vigilant and report any suspicious movements or individuals to security agencies, stressing that timely information remains critical to ongoing operations.

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Okpebholo further assured that the state government would not relent until those behind the attack are tracked down, arrested, and prosecuted.

According to reports, the incident occurred when a woman was abducted while shopping at one of the stores within the busy Vegetable Market. A viral video circulating on social media showed the moment the victim was forcibly taken away, sparking panic among traders and residents.

Security sources say preliminary investigations have begun, with operatives working to track the kidnappers and review intelligence from the scene to aid rescue efforts.

Kidnapping incidents have continued to raise concern in parts of Edo State, prompting renewed calls for stronger security presence around markets, highways, and public spaces in Benin City.

Authorities say further updates will be provided as investigations progress.

Edo Gov Okpebholo Orders Probe Into Benin Vegetable Market Kidnapping

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