News
Buhari Presents 2023 Budget Estimates To NASS, Friday
President Muhammadu Buhari will present the 2023 budget estimates to the joint session of the National Assembly (NASS) by 10am on Friday.
This is contained in a letter Buhari write to the President of Senate, Dr Ahmad Lawan and read at plenary, yesterday.
Lawan said the venue for presentation of the 2023 budget estimates by Buhari would be at the temporary chamber of the House of Representatives.
According to him, arrangements would be made to accommodate all the senators, adding that senators would proceed to the venue in procession.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed said the Federal Government was proposing an aggregate expenditure of N19.76trillion for the 2023 fiscal year.
The minister, who made this known at the 2023-2025 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) interaction with the House of Representatives Committee on Finance, however, said she may not be able to make provision for treasury funded capital projects in the 2023 fiscal year.
The Senate President also said the budget deficit for the 2023 fiscal year may be between N11.30trillion and N12.41trillion, depending on the choice that would be made by the federal government on the issue of fuel subsidy payment.
She stated that the Federal Government was projecting total revenue of N8.46trillion, out of which N1.9trillion was expected to come from oil-related sources while the balance would come from non-oil sources.
Ahmed explained that the benchmark crude oil price was pegged at $70 do per barrel and at an exchange rate of N435.57 to a dollar, oil production was put at 1.69 million barrel per day, real Gross Domestic Product (GDP) growth was projected at 3.7per cent while inflation was put at 17.16per cent in the MTEF.
She said petrol subsidy would remain up to mid-2023, based on the 18-month extension announced early 2021, in which case only N3.36trillion would be provided for it in next financial year.
The minister also pointed out that Nigeria has been able to consistently without defaulting, service her debt, adding that the country does not have any projections even in the near future, to fail in its debt obligation.
Speaking further, Ahmed said although the amount currently used to service the country’s debt had overshot what was appropriated for in the budget, measures have been put in place to manage the situation.
News
No Aso Rock Kitchen Staff Attempt To Poison Tinubu –Presidency
The Presidency has dismissed circulating social media reports alleging that kitchen staff at the Aso Rock Presidential Villa were arrested over an alleged plot to poison President Bola Tinubu.
Special Adviser to the President on Information and Strategy, Bayo Onanuga, made the clarification yesterday on his official X account where he shared a video of the report and categorically denied it.
The video purportedly shows activity at the presidential villa, accompanied by a voiceover reporting the incident.
The video claimed, “Today we examine reports surrounding the shocking arrest of a presidential chef over an alleged plot to poison President Bola Ahmed Tinubu, an incident that has prompted swift intervention by a special police squad and triggered heightened security measures within the presidential environment.
“According to preliminary information from security sources, the arrest followed intelligence alerts suggesting suspicious activities connected to food preparation procedures within restricted areas linked to presidential operations.
“Authorities moved quickly after receiving credible reports that indicated a possible threat to the safety of the president, leading to a coordinated investigation involving specialised security personnel tasked with protecting national leadership.
The video added, Officials emphasized that the operation was carried out professionally and discreetly to avoid public panic while ensuring that all potential risks were neutralised.
“The suspect, identified as a member of kitchen staff attached to presidential services, was reportedly taken into custody for questioning as investigators began examining evidence and verifying claims connected to the alleged poisoning attempt.
“Security agencies have urged the public to remain calm, stressing that the investigation remains ongoing and that allegations do not automatically imply guilt until due process.”
However, Onanuga dismissed the report as baseless fake news.
He wrote, “No Aso Rock kitchen staff arrested. No Aso Rock kitchen staff attempted to poison President Tinubu. Please ignore this fake news being disseminated by this video.”
As of the time of going to the Press authorities have not provided further details on the origin of the misleading video or potential motives behind its circulation.
News
US, China Clash As Iran TV Confirms Supreme Leader Ayatollah’s Death
Iranian state television yesterday confirmed the death of Iran’s Supreme Leader, Ayatollah Ali Khamenei, without referring to a massive US and Israeli attack on his residence.
A presenter on state television announced Khamenei’s death at 5:00 am (0130 GMT), as the channel broadcast archive images with a black banner as a sign of mourning.
Khamenei, 86, had been Iran’s supreme leader since 1989.
US President, Donald Trump, had on Saturday said that Khamenei had been killed in air strikes, though there has been no confirmation from Tehran.
“Khamenei, one of the most evil people in History, is dead,” Trump said on his Truth Social network.
“This is not only Justice for the people of Iran, but for all Great Americans, and those people from many Countries throughout the World, that have been killed or mutilated by Khamenei and his gang of bloodthirsty THUGS.”
Trump said the Iranian leader had been “unable to avoid our Intelligence and Highly Sophisticated Tracking Systems.”
The US President said the death of Khamenei gave Iranians their “greatest chance” to “take back their country.”
“We are hearing that many of their IRGC, Military, and other Security and Police Forces no longer want to fight and are looking for Immunity from us.
“As I said last night, Now they can have immunity, later they only get death! Hopefully, the IRGC and Police will peacefully merge with the Iranian patriots and work together as a unit to bring back the country to the greatness it deserves.
“That process should soon start in that, not only the death of Khamenei but the country has been, in only one day, very much destroyed and, even, obliterated.
“The heavy and pinpoint bombing, however, will continue, uninterrupted throughout the week or, as long as necessary to achieve our objective of peace throughout the Middle East and, indeed, the world!” Trump posted.
However, China has strongly condemned the attack and killing of Iran’s supreme leader.
A Chinese foreign ministry spokesperson condemned the killing yesterday when asked to comment on the death of Iran’s Supreme Leader in the military strikes launched by the United States and Israel on Saturday in Tehran.
The attack and killing of Iran’s supreme leader is a grave violation of Iran’s sovereignty and security, said the spokesperson, adding that it tramples on the purposes and principles of the UN Charter and basic norms in international relations.
China urges for an immediate stop to the military operations, no further escalation of the tense situation and joint effort to maintain peace and stability in the Middle East and the world at large, the spokesperson added.
News
Banigo Harps On Importance Of Nurturing Girl-Child …Says Everyone Is A Leader On His Own Right
The Senator representing Rivers West Senatorial District, Ipalibo Harry Banigo, has urged Nigerians, particularly women, to recognise that leadership exists at every level of society and that everyone is a leader within their own space.
Banigo made this call in Port Harcourt at the weekend during her Induction/Decoration as an AWLO Life Patroness, Unveiling of AWLO’s 2026 Magazine and Relaunch of the Rivers State Chapter.
Speaking with newsmen after the induction, the former Rivers State Deputy Governor emphasised the importance of nurturing and mentoring young girls, warning that neglecting the girl-child comes with far-reaching consequences for society.
According to her, investing in the growth and development of young girls is crucial to building a responsible and progressive nation.
“Well, everybody, to be honest with you, is a leader in their own space. If you lose your girlhood, you have lost your life. That is why it is important to catch them young,” she said.
“All my life, I have worked with young women because I believe that as we mentor them, they are meant to learn from us for the fulfilment of their God-given purpose,” she added.
The lawmaker further stressed the need for urgent and deliberate steps to ensure women are not left behind in national development, noting that any neglect of women ultimately affects the entire system and the larger society.
She highlighted education, healthcare, and skills acquisition as critical areas of focus, while calling for sustained efforts to keep girls in school and enable them to advance as far as their abilities permit.
Banigo also underscored the need for improved healthcare facilities to prevent maternal mortality and deaths from preventable diseases, while also advocating for vocational training and skill development opportunities for girl child.
According to her, raising responsible girls ultimately leads to building responsible adults and, by extension, a stronger and more purposeful society.
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