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Amid Court Ruling, Fubara Set to Present 2025 Budget to Oko-Jumbo Assembly

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2 years ago

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Rivers State governor, Siminalayi Fubara, has announced that he would present the 2025 budget to the Victor Oko-Jombo-led State House of Assembly.

The governor noted that the government would continue to collaborate with the Assembly to improve the lives of Rivers residents, highlighting the positive relationship between the executive and legislative arms of government, as demonstrated in the screening of nominees and the prompt passage of executive bills.

Fubara said this at the official unveiling of two ultra-modern community town halls and the launch of a tertiary scholarship and empowerment programme by the Speaker at Akiama and Aganya communities in Bonny Local Government Area on Saturday.

This was contained in a statement issued in Port Harcourt on Sunday by the governor’s Chief Press Secretary, Nelson Chukwudi.

Represented by the Chief of Staff, Government House, Edison Ehie, the governor said: “The government and the people of Rivers State heartily congratulate you and thank you for being a good ambassador of the Ibani Kingdom. We assure you that, as the executive arm, while the legislative arm remains independent, we will continue to collaborate to ensure prosperity for our people.

“I thank you, Mr Speaker, for your support to the Rivers State government, as seen in your cooperation. The Speaker has facilitated the screening of caretaker committee chairmen, expedited executive requests, and will soon play a vital role in enacting the 2025 budget.”

Fubara added that the Speaker’s focus on constituency projects reflects his role as an elected representative, contrasting it with the inaction of 25 former lawmakers he described as “Abuja-based politicians.”

He continued: “Constituency projects are a testament to elected representatives’ commitment to their people. Meanwhile, the 25 former Assembly members who dismissed themselves — have they initiated any projects? Do we see them inspecting or commissioning anything? These are Abuja-based politicians!”

The governor commended the Speaker for establishing the town halls, providing financial empowerment to 100 Bonny indigenes, and awarding tertiary scholarships to 30 Bonny students.

In his remarks, the Speaker thanked the people of Bonny for their support for the 10th Assembly and expressed confidence in his backing of the governor.

He stressed that the Assembly would stay focused despite opposition from “enemies of the state” or the 25 former members.

Oko-Jombo revealed that the 2025 budget would soon be presented to the 10th Assembly and confirmed that Bonny Local Government Area would be included in upcoming infrastructure projects.

He added: “We will continue working tirelessly to ensure Bonny Kingdom’s development. Many needs remain, but as the Speaker, I assure you that the 2025 budget, which will soon be presented by His Excellency, will include Bonny Local Government Area.”

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UK PM Burnham Unveils 10-Year Plan, Begins Cabinet Overhaul

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13 hours ago

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July 21, 2026

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The new British Prime Minister, Andy Burnham, on Monday, unveiled a 10-year plan to tackle the country’s economic and social challenges as he began reshaping his government, with Chancellor Rachel Reeves among senior ministers leaving the Cabinet.

In his first speech outside 10 Downing Street, Burnham said his government would introduce measures to ease the cost-of-living crisis, end rough sleeping, build more council homes and devolve more powers away from Westminster.

“This moment will be a circuit breaker for Britain,” Burnham said, adding that details of the government’s cost-of-living package and how it would be funded would be announced from Tuesday.

According to the BBC, Reeves announced on X that she was stepping down as Chancellor of the Exchequer, describing it as “the privilege of my life” to have served in the role. The broadcaster reported that Burnham had offered her another senior cabinet position, but she declined.

The cabinet reshuffle also saw Foreign Secretary, David Lammy, Housing Secretary, Steve Reed and Business Secretary, Peter Kyle leave government as Burnham assembled his own team.

Speaking to reporters after his Downing Street address, Burnham said he would examine the tax-free personal allowance ahead of his first Budget in the autumn but acknowledged that raising the threshold would have significant fiscal implications.

He also pledged to reform England’s social care system, saying he did not want to leave office without fixing a problem that had persisted for decades, while reaffirming his commitment to existing fiscal rules.

The BBC also reported that Burnham held his first conversation with a foreign leader after taking office, speaking with U.S. President Donald Trump.

The resignation of the outgoing Prime Minister Keir Starmer saying he was leaving office “with good grace” and “a smile.”

Burnham is expected to continue announcing appointments to his new Cabinet as his administration takes shape, according to the BBC.

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Finance Minister Oyedele Defends Nigeria’s Rising Debt

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13 hours ago

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July 21, 2026

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Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has clarified the sharp increase in Nigeria’s public debt.

Speaking before the Senate Committee on Finance on the state of the nation’s economy on Monday, Oyedele attributed the increase to naira depreciation and accounting adjustments rather than fresh borrowing by the Bola Tinubu administration.

Oyedele was responding to questions from the senator representing Kebbi Central, Adamu Aliero, over claims that the current administration had borrowed about N80 trillion in addition to the N75 trillion public debt it inherited.

According to the minister, comparing the country’s debt stock at the start of the administration with the current figure without accounting for exchange rate movements created a misleading impression.

“When this administration came into office, public debt was around N75 trillion. Many people simply compare that figure with today’s debt stock and conclude that this government has borrowed massively.

“However, it is important to note that, following the reforms and the depreciation of the naira, the foreign currency component of our public debt had to be revalued because Nigeria reports its debt in Naira. That accounting adjustment alone added more than N40 trillion to the public debt figure,” he said.

He added that the securitisation of the Ways and Means advances inherited from the previous administration also contributed significantly to the increase in the debt stock.

The minister further said that much of the government’s domestic borrowing was used to refinance existing debt rather than accumulate new obligations.

According to him, the Tinubu administration had adopted a prudent borrowing strategy focused on infrastructure and long-term economic growth.

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ADC Tells Tinubu to Resign As World Bank Reveals 139million Nigerians Live in Poverty

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2 days ago

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July 20, 2026

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The African Democratic Congress (ADC) on Saturday asked President Bola Ahmed Tinubu to resign rather than seek re-election, asserting that the World Bank’s recent report showing that 139 million Nigerians live below the poverty line is his scorecard.

The ADC, in a statement by its spokesperson, Bolaji Abdullahi, said the World Bank’s report, which also estimated that 17 million Nigerians are at risk of starvation, was “disturbing.”

“The evidence of 139 million people living in poverty and 17 million at risk of starvation is President Tinubu’s scorecard,” the party said. “On account of this catastrophic failure alone, President Tinubu should be contemplating resigning from office rather than seeking re-election.”

It decried that the “catastrophic” situation was occasioned by the Tinubu administration’s policies, which it said, “have favoured money over people and statistics over survival.”

The opposition party maintained that the economic growth Mr Tinubu’s government has repeatedly boasted of as a result of its economic reforms is “meaningless” if the livelihoods of people at the grassroots have yet to improve since 2023, when he assumed office.

“Instead of changing course, the government has stubbornly stuck with its ruinous economic policies and even continues to market recklessness as courage and wickedness as ‘necessary pains.’

“However, three years down the line, it is now clear that the chicken has come home to roost,” the ADC said.

According to the party, Nigeria desperately needs a leader who truly cares about citizens’ well-being and understands that economic reforms should improve citizens’ lives, not worsen their misery.

“A president whose government is not openly feasting while asking the people to continue fasting. A government that does not wallow in profligacy while handing the people palliatives,” it added.

The party condemned the ruling APC’s social intervention programmes aimed at cushioning the effects of its economic policies, adding, “Poverty cannot be defeated through palliatives.”

The ADC pledged that if elected in 2027, it would tackle the root causes of hunger by reducing energy costs, enhancing food production, and ensuring that farmers returned to their farmlands.

It also vowed to rehabilitate the 264 abandoned dams, improve access to fertilisers and quality seeds, and invest in storage facilities.

According to the party, transportation, waste, and food prices would be reduced while creating productive jobs.

“Hunger cannot be separated from poverty, education, or healthcare. That is why an ADC government will prioritise nutrition, primary healthcare, quality basic education, and skills development because no nation can build a prosperous economy while millions of its children are hungry, out of school, or cannot read simple texts,” the party said.

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