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Governor Uzodinma Signs Imo State 2025 Appropriation Bill into Law.

Ikechukwu Emmanuel

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In a significant development for the governance of Imo State, Governor Hope Uzodinma has officially signed the 2025 Appropriation Bill into law following its passage by the State House of Assembly. Initially proposed at N756 billion, the budget was subsequently increased to N807 billion by the lawmakers, reflecting a collaborative effort between the Executive and Legislative branches.

During the signing ceremony held at the New Exco Chambers in Government House, Owerri, Governor Uzodinma expressed his satisfaction with the swift passage of the bill and the legislature’s decision to adjust the original figures. He emphasized that this move illustrates a unified commitment to delivering essential services to the people of Imo State.

The newly signed appropriation allocates N694,786,041,220, or 86.09 percent, to capital expenditure, while recurrent expenditure is set at N112,302,000,000, constituting 13.91 percent of the total budget. The Governor described the budget as one designed to foster “Expanded Economic Opportunities,” aimed at driving economic transformation through improved infrastructure and industrialization.

In his remarks, the Governor highlighted the state’s ambition to become a leading destination for genuine investors and to establish Imo State as one of the fastest-growing economies in the region. The Speaker of the State House of Assembly, Chike Olemgbe, also commended the meticulous crafting of the appropriation bill, which facilitated a seamless legislative process.

This legislative action marks a pivotal moment for Imo State as it embarks on a path of economic growth and development in the coming year.

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Benue Governor Alia Denies Defection Rumors, Affirms APC Leadership.

Ikechukwu Emmanuel

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Makurdi, Benue State – Governor Rev Fr Hyacinth Alia has vehemently refuted recent rumors alleging his planned defection to the Social Democratic Party (SDP). In a statement released by his Chief Press Secretary, Tersoo Kula, Governor Alia dismissed the claims as “dubious” and a smear campaign orchestrated by unnamed “discontented politicians in Abuja.”

The Governor reaffirmed his unwavering commitment to the All Progressives Congress (APC), emphasizing his role as the party leader in Benue State. He accused his detractors of attempting to sow discord between him and President Bola Ahmed Tinubu, asserting the strength of their existing relationship.

Governor Alia declared that the allegations, which included insinuations of joining forces with former Kaduna State Governor Nasir El-Rufai, are “absolutely gratuitous and lack any trustworthy evidence.” He urged the Benue public to disregard unsubstantiated information and reiterated his dedication to serving the state with transparency and unwavering resolve. He highlighted his efforts to reconnect Benue with the federal government, resulting in numerous benefits for the state and its people, and reaffirmed his commitment to President Tinubu’s “Renewed Hope” agenda.

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APC Aims for Anambra: Governor Otu Expresses Optimism.

Ikechukwu Emmanuel

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Governor Bassey Otu of Cross River State, Chairman of the All Progressives Congress (APC) Anambra State Governorship Primary Election Committee, has voiced confidence in the party’s potential to secure victory in the upcoming gubernatorial election. Addressing APC delegates in Awka, Governor Otu emphasized the possibility of wresting control of Anambra State from the incumbent All Progressives Grand Alliance (APGA), currently led by Governor Charles Soludo.

Governor Otu highlighted the strategic importance of aligning Anambra with the ruling party at the center, suggesting that such alignment would benefit the state’s populace. He further stressed the need for unity amongst party members, urging them to support the eventual primary election winner and work cohesively towards achieving success in the general election. The governor underscored the APC’s growing presence in the Southeast, emphasizing the potential impact of adding Anambra to its regional portfolio. His remarks signal a renewed and determined effort by the APC to expand its influence in the region.

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Nigeria’s Public Debt Burden Significantly Increases.

Ikechukwu Emmanuel

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Nigeria’s public debt has experienced a substantial surge, reaching N144.67 trillion by December 2024, a 48.58% increase from the N97.34 trillion recorded at the close of 2023. This data, released by the Debt Management Office, indicates a year-on-year increase of N47.32 trillion and a quarter-on-quarter rise of 1.65%.

This escalation is primarily attributable to increased external and domestic borrowing. External debt rose by 83.89% to N70.29 trillion, while domestic debt increased by 25.77% to N74.38 trillion. The Federal Government accounts for the majority of both external (N62.92 trillion) and domestic (N70.41 trillion) debt.

This significant increase in Nigeria’s debt profile has prompted concern among financial experts, particularly regarding the country’s capacity to manage this growing burden amidst existing infrastructural deficits. The implications of this rising debt for Nigeria’s economic stability and future development remain a critical area of analysis.

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