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Understanding the Significance of Nigeria’s 2025 Budget: Insights from Adetilewa Adebajo.

Ikechukwu Emmanuel

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In a recent interview with Arise Television, Adetilewa Adebajo, a prominent Nigerian financial expert and CEO of CFG Advisory, provided critical insights into the newly signed 2025 budget, amounting to N54.99 trillion. This budget, recently approved by both chambers of the National Assembly and signed into law by President Bola Ahmed Tinubu, represents a substantial increase from the previous year’s N27.5 trillion allocation.

Adebajo emphasized a particularly noteworthy aspect of the budget: the non-allocation of funds for the fuel subsidy, a decision that marks a significant departure from previous fiscal strategies. In 2024, the fuel subsidy consumed approximately N4 trillion, creating substantial fiscal pressure. Adebajo highlighted that this shift is crucial, stating, “For the first time in a long while, no funds were allocated to fuel subsidy. I think this is something very important.”

The 2025 budget also outlines key economic parameters, including an exchange rate benchmark of N1500 per dollar, an interest rate set at 15 percent, and a crude oil production target of 2.06 million barrels per day at a benchmark price of $75 per barrel. These figures reflect the government’s intent to stabilize the economy and promote sustainable growth.

As Nigeria navigates its economic challenges, Adebajo’s insights underscore the importance of fiscal reform and the potential for a more resilient economic framework, free from the burdens of extensive subsidy allocations. The implications of this budget will undoubtedly shape Nigeria’s financial landscape in the coming year.

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Public Holiday Declared on 15th July in Honour of Late Former President Buhari.

Ikechukwu Emmanuel

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The Federal Government has declared Tuesday, July 15, 2025, a public holiday to honor the late former President Muhammadu Buhari, who passed away on Sunday at the age of 82. The announcement was made by the Minister of Interior, Dr. Olubunmi Tunji-Ojo, on behalf of the Federal Government, following President Bola Tinubu’s approval. This declaration is part of the ongoing seven-day national mourning period.

In a statement, the Minister described Buhari as a leader who served Nigeria with dedication and integrity, emphasizing the holiday’s purpose: to allow Nigerians to reflect on his contributions to the nation’s democratic journey and national development. Citizens are urged to use this day to promote peace, patriotism, and national cohesion, aligning with the late President’s vision for a united and prosperous Nigeria. During the mourning period, national flags will fly at half-mast. The Federal Government has expressed its deepest condolences to the family, the people of Katsina State, and all Nigerians.

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Nigeria Police Dismantles Trafficking Syndicates, Rescues Victims in Coordinated Operations.

Ikechukwu Emmanuel

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The Nigeria Police Force has announced the successful dismantling of two major human trafficking syndicates operating across the country. In coordinated sting operations spanning Enugu, Anambra, and Ondo States, law enforcement rescued numerous victims, including children, pregnant women, and foreign nationals, and apprehended 11 suspects.

Force Public Relations Officer, ACP Olumuyiwa Adejobi, issued a statement from the Force Headquarters in Abuja, commending the officers involved for their bravery and precision.

In one operation spearheaded by the Zone-13 Police Command, authorities targeted a child trafficking and “baby factory” ring. Eight suspects were arrested, including Uzoamaka Ani (27), Joy Madu (52), and Victoria Onodu Akasike (56), who allegedly confessed to involvement in child abduction, illegal adoption, and operating unlicensed medical facilities used as baby factories. The syndicate operated strategically across communities in Enugu and Anambra States, preying on vulnerable women and children. Rescued victims included a seven-month-old baby, a four-year-old child, and two pregnant women, all discovered in a secluded village. The expectant mothers, from Ebonyi State, were reportedly lured and detained for forced childbirth, with the intent to sell their newborns. The victims are currently receiving medical and psychological support under protective custody, while the search continues for fleeing members of the syndicate.

In a separate incident in Ondo State, an operation led by the state police resulted in the rescue of David Angerinya, a Ghanaian national trafficked into Nigeria under false pretenses. This operation stemmed from a formal petition from the Interpol Liaison Office in Abuja, highlighting a suspected case of transnational human trafficking. Investigators uncovered a broader international trafficking network and arrested three suspects: Hayford Nyamekye, Awine Alex, and Kojo Felix. These individuals were allegedly part of a syndicate deceiving individuals from neighboring West African countries with false promises of jobs and travel visas to destinations like Canada, only to hold them in exploitative conditions in Nigeria. During the raid, police discovered 39 additional Ghanaian nationals, many without valid travel documents or with expired passports, and in dire health conditions. These victims are now receiving medical treatment.

Inspector-General of Police, Kayode Egbetokun, praised the officers for their swift response and dedication to dismantling trafficking networks. He reaffirmed the Police Force’s commitment to combating human trafficking, child exploitation, and cross-border crimes. He urged Nigerians to report suspicious activities to the nearest police station.

The Inspector-General emphasized the Police Force’s commitment to protecting vulnerable individuals and ensuring perpetrators are brought to justice, stating, “These operations send a strong and clear message: there is no hiding place for human traffickers in Nigeria.” He added that the Nigeria Police Force will continue working to disrupt criminal networks and safeguard the rights and dignity of all individuals within the nation’s borders.

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Former Nigerian President Buhari to Be Buried in Daura.

Ikechukwu Emmanuel

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Nigeria’s former President Muhammadu Buhari, who passed away in London at the age of 82 after a prolonged illness, will be buried in his hometown of Daura, Katsina State. Governor Dikko Umaru Radda confirmed that the repatriation of Buhari’s body from the United Kingdom is scheduled for Tuesday, with the burial taking place on the same day.

Preparations for the burial are underway in Daura. Vice President Kashim Shettima is currently in London overseeing the repatriation process.

Buhari, who previously served as a military leader from 1984 to 1985, held consecutive presidential terms from 2015 to 2023. He was the first opposition figure to democratically ascend to the presidency in Nigeria.

President Bola Tinubu has ordered national flags to fly at half-mast for seven days and declared that Buhari will receive full state honors. Tributes have poured in, with Tinubu lauding Buhari as “a patriot, a soldier, a statesman.” Former military ruler Ibrahim Babangida also acknowledged Buhari’s patriotism, despite past disagreements. While remembered for his integrity, some observers have noted Buhari’s challenges in improving Nigeria’s economy and security during his tenure.

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