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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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Peller, Jarvis’ Glamorous Lagos Wedding: N400m Mansion, $20,000 Gift, Over 50,000 Virtual Guests

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Peller, Jarvis' Glamorous Lagos Wedding: N400m Mansion, $20,000 Gift, Over 50,000 Virtual Guests

Peller, Jarvis’ Glamorous Lagos Wedding: N400m Mansion, $20,000 Gift, Over 50,000 Virtual Guests

  • Nigeria’s favourite TikTok couple, Habeeb “Peller” Hamzat and Elizabeth “Jarvis” Amadou, have officially tied the knot in a spectacular Lagos ceremony that blended celebrity glamour, jaw-dropping generosity, and digital-age storytelling. The #JP2026 wedding has become one of the most talked-about entertainment events of the year.

Peller and Jarvis have built their relationship in the public eye, sharing their journey through livestreams, collaborative content, and regular appearances that endeared them to millions of followers. Their wedding was the culmination of a series of pre-wedding celebrations that began with a romantic proposal at the La Palm Royal Beach Hotel in Ghana in June 2026. The couple then honoured their cultural roots with a traditional marriage ceremony in Benin City, followed by a civil wedding in Lagos on July 29. Saturday’s grand white wedding brought together family, friends, and fans to witness the union of two of Nigeria’s most influential digital creators. The bride and groom dazzled in their wedding attire, with Peller donning an elaborate Edo-inspired outfit that paid homage to his heritage, while Jarvis complemented him in a breathtaking bridal ensemble that quickly became the talk of social media.

One of the most remarkable aspects of the #JP2026 celebration was the extraordinary generosity shown by well-wishers, with gifts arriving even before the wedding day. Ahead of the ceremony, businessman and socialite Pascal Okechukwu, popularly known as Cubana Chief Priest, donated N10 million in support of the wedding. His contribution set the tone for the lavish celebrations to come. American entrepreneur and renowned TikTok benefactor Gregory Pizarro Jr. made the journey to Lagos specifically for the occasion. During a meeting with Peller at his hotel, he presented the groom with a cash gift of $20,000, demonstrating the global reach of the couple’s influence. Chief Executive Officer of Promiseland Estate, Lawrence Emmanuel, gifted the couple a plot of land in Abuja valued at N150 million, providing them with a valuable asset in the nation’s capital.

However, the biggest surprise of the day came during the wedding reception when real estate entrepreneur King Ochacho, speaking on behalf of his family, announced the gift of a fully furnished luxury mansion in the upscale Life Camp district of Abuja. The property is reportedly valued at an astonishing N400 million. Presenting the gift, King Ochacho explained his motivation: “I and my family left everything we are doing in Abuja just to come through for Peller because he is an inspiration to this generation.” He added that after consultations with his sons, they decided, “We want Peller to be staying close to Palace Seven,” noting that houses in that area are worth no less than N400 million.

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The ceremony attracted a who’s who of Nigeria’s entertainment and social media scene. The extensive guest list read like a roll call of the nation’s most influential personalities. The film industry was well represented by Iyabo Ojo, Eniola Badmus, Moyo Lawal, Jigan Baba Oja, and Foluke Daramola, adding their star power to the celebration. The music industry showed up in full force with Zinoleesky, Seun Kuti, Femi Kuti, Tanzanian singer Juma Jux, and Fuji musician Sule Alao Malaika, who kept guests entertained with electrifying performances. The digital space was represented by Nons Miraj, Papaya Ex, Cute Abiola, Isbae U, Aunty Ramota, Geh Geh, and countless others who have built their careers alongside Peller and Jarvis. Cubana Chief Priest, Daddy Freeze, Pretty Mike, and Soso Soberekon were among the distinguished guests, along with Gregory Pizarro Jr., who made the trip from the United States specifically for the wedding.

Staying true to their reputation as digital content creators, Peller and Jarvis made history by streaming the wedding live across YouTube and Twitch. The livestream attracted over 50,000 virtual guests, who flooded the comment sections with well wishes from every corner of the globe. The decision to broadcast such an intimate moment demonstrated the couple’s commitment to their fans and their understanding of modern celebrity culture. Viewers from North America, Europe, Africa, and Asia tuned in to witness the event in real-time.

The wedding venue was nothing short of spectacular, featuring luxury automobiles on display that showcased the couple’s taste for fine things, coordinated aso-ebi attire that created a visually stunning sea of colours, a competition with a reported N5 million prize for the best-dressed attendee, and live Fuji music performances by Sule Alao Malaika that kept the energy high throughout the celebration.

One of the most talked-about moments of the wedding was the appearance of content creator Emmanuel Obruste, better known as GehGeh, as one of Peller’s groomsmen. GehGeh made a grand entrance in a Mercedes-Benz G-Wagon, and videos of him dancing with the other groomsmen quickly went viral across social media platforms. His enthusiastic participation surprised many because he had previously been a vocal critic of Peller’s decision to marry. In a past interview, GehGeh argued that financial success was not the sole basis for marriage, stressing that Peller was “still growing as a child” and needed to be ready “mentally, physically, emotionally, and spiritually.” The irony of his role at the ceremony sparked mixed reactions online, with some praising him for supporting his friend despite their differences, while others questioned his previous stance. Regardless, his presence added another layer of intrigue to the high-profile event.

The Peller and Jarvis wedding represents more than just a celebrity union; it signals the mainstream acceptance of digital creators as cultural icons. A generation ago, social media influencers were dismissed as passing fads, but the #JP2026 celebration demonstrates that content creators now command the same respect, influence, and wealth as traditional celebrities. The sheer value of the gifts received—totalling hundreds of millions of naira—reflects the economic power of the creator economy and the willingness of business leaders to align themselves with digital influencers.

The wedding generated massive engagement across digital platforms, with the hashtag #JP2026 trending on multiple social media networks. Fans expressed their joy, congratulations, and even envy at the couple’s good fortune. Many commentators noted that Peller and Jarvis have achieved in a short time what takes others decades, while others praised them for staying grounded despite their success. The couple has promised to continue sharing their journey with fans, hinting at future content that will document their married life.

As Nigeria’s most talked-about celebrity couple begins their new chapter, fans are eager to see what comes next. Will they expand their content empire? Will they venture into other business pursuits? One thing is certain: Peller and Jarvis have proven that with talent, dedication, and the right connections, the digital world can open doors to unimaginable success. The #JP2026 wedding has set a new standard for celebrity weddings in Nigeria, blending traditional values, modern influence, and extraordinary generosity into an event that will be remembered for years to come.

 

Peller, Jarvis’ Glamorous Lagos Wedding: N400m Mansion, $20,000 Gift, Over 50,000 Virtual Guests

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Troops arrest three suspects over killing of soldier in Imo ambush, recover stolen rifles

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Troops arrest three suspects over killing of soldier in Imo ambush, recover stolen rifles

Troops arrest three suspects over killing of soldier in Imo ambush, recover stolen rifles

Troops of the Nigerian Army have arrested three suspects allegedly linked to the killing of a soldier during a deadly ambush in Imo State and recovered several weapons, including military rifles believed to have been stolen during the attack.

The arrests followed months of intelligence-led investigations and coordinated operations conducted by troops of the 34 Artillery Brigade under Operation UDO KA (OPUK) across Rivers, Delta and Imo states.

The operation was launched after an ambush on May 4, 2026, in which one soldier was killed, another sustained injuries and service weapons were reportedly taken away by the attackers.

Security sources said sustained intelligence gathering, targeted raids and the interrogation of previously arrested suspects provided information that helped investigators identify three men believed to be key suspects in the attack.

The suspects were identified as Albert Tony, popularly known as “Chiboy”; Temple Eburua, also known as “Marathon”; and Vitalis Eburua, alias “Onowu.”

Investigators reportedly established that the suspects fled to Port Harcourt, Rivers State, after the attack before relocating to Oleh in Isoko South Local Government Area of Delta State with the assistance of an associate identified as Mr Abire.

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Troops reportedly arrested Abire in Port Harcourt on July 30. During questioning, he allegedly provided intelligence that led security operatives to the suspected hideout of the three men in Delta State.

Acting on the information, troops of the 34 Artillery Brigade moved into Delta State in the early hours of July 31 and worked with personnel of the 181 Battalion to conduct a coordinated raid at Opaebe in Oleh.

The operation led to the arrest of the three suspects, who were taken into military custody for further investigation.

Following their arrest, the suspects allegedly led troops to a hideout in Ohaji/Egbema Local Government Area of Imo State, where weapons believed to have been stolen during the May ambush were concealed.

Further intelligence-led operations reportedly led security personnel to another suspected camp at Umudike Plantation, where additional weapons, ammunition and other materials were recovered.

Items recovered during the operation included one AK-47 rifle, two AK-47 magazines, one FN rifle and two FN rifle magazines believed to have been taken from the soldiers during the ambush.

Troops also recovered three additional AK-47 rifles, nine AK-47 magazines, one pistol with its magazine, 194 rounds of 7.62mm Special ammunition, 45 rounds of 7.62mm NATO ammunition and a fragmentation jacket.

Other materials suspected to be connected to the activities of the criminal network were also seized during the operation.

The three suspects are currently being held by the 34 Artillery Brigade for further interrogation as investigators work to identify other individuals who may be connected to the attack and determine the full scope of the group’s activities.

Military sources described the arrests and recovery of the weapons as a significant breakthrough in ongoing efforts to identify and dismantle criminal networks responsible for attacks on security personnel.

The recovery of the suspected stolen service weapons is expected to support ongoing investigations into the May ambush and help security agencies trace other individuals who may have played a role in the attack.

The operation also reflects the continued use of intelligence gathering and coordinated security operations to disrupt armed groups, recover illegal weapons and improve security across Imo State and neighbouring areas.

Troops arrest three suspects over killing of soldier in Imo ambush, recover stolen rifles

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Kidnapped Lt. Col. Ofor Amobi, civilian rescued after 10-day military operation in Enugu

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Kidnapped Lt. Col. Ofor Amobi, civilian rescued after 10-day military operation in Enugu

Kidnapped Lt. Col. Ofor Amobi, civilian rescued after 10-day military operation in Enugu

A joint military task force has rescued a senior Nigerian Army officer, Lt. Col. Ofor Amobi, and a civilian, Mr Ikechukwu Onwuanra, following a 10-day intelligence-led search-and-rescue operation across forests and neighbouring communities in Enugu State.

The rescue operation was conducted by troops under Sector 1 of Operation UDO KA, involving personnel from the 82 Division Garrison, 103 Battalion (Reinforced), the Nigerian Navy Special Boat Service and the 197 Special Forces Battalion.

The joint operation was led by the Commander of the 82 Division Garrison, with support from the Air Component, which provided surveillance and helped sustain pressure on suspected criminal hideouts.

Security sources said the troops carried out extensive search operations across the Inyi, Awlaw and Akpugo-Eze forests, as well as nearby communities in Oji River Local Government Area of Enugu State.

The operation reportedly intensified between the evening of July 31 and the early hours of August 1 after security personnel received actionable intelligence concerning the possible location of the abducted victims.

At about 2:00 a.m., the Divisional Police Officer of the Inyi Division alerted the troops to information pointing to the suspected location of Lt. Col. Amobi and Onwuanra.

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The troops immediately mobilised and launched a fighting patrol into the area, where the two victims were found abandoned at the edge of a forest in Inyi.

Reports indicated that both victims sustained gunshot wounds during their captivity. They were safely evacuated from the area and taken to Inyi before being transferred to the 82 Division Medical Hospital for treatment and comprehensive medical evaluation.

During preliminary debriefing, the victims reportedly told security personnel that they were blindfolded shortly after their abduction and taken to an unknown location.

They were later abandoned in a forest around the Enugu–Anambra border as sustained military operations restricted the movement of their captors and placed them under increasing operational pressure.

Military sources attributed the successful rescue to the persistent intelligence-led offensive mounted by the joint force, supported by aerial surveillance and coordinated ground operations.

The sustained pressure reportedly disrupted the kidnappers’ activities, limited their freedom of movement and forced them to abandon the victims before fleeing the area.

The rescue highlights the continued use of coordinated intelligence gathering, aerial surveillance and joint security operations in efforts to tackle kidnapping and other criminal activities across parts of the South-East.

The military is expected to provide further information as follow-up operations and security assessments continue.

Kidnapped Lt. Col. Ofor Amobi, civilian rescued after 10-day military operation in Enugu

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