Top 10 Breaking Political Updates Shaping Nigeria Today
Abuja, Nigeria – Thursday, February 6, 2025
As Nigeria navigates its political landscape, here are ten key updates from the corridors of power:
President Tinubu Expands 2025 Budget
President Bola Tinubu has announced an increase in the national budget for 2025, pushing it to ₦54.2 trillion from an initial ₦49 trillion. The additional funds were generated through increased tax collection efforts, signaling stronger fiscal measures by the administration.
Federal Government to Enforce Local Oil Supply Rules
The government has introduced a strict policy denying oil producers export permits unless they meet domestic supply obligations. This move ensures that refineries like the Dangote Refinery receive sufficient crude oil to enhance local fuel production.
Oil Production Set to Resume in
After years of environmental degradation concerns, the Tinubu-led government is negotiating with Ogoni communities to restart oil drilling operations. This follows Shell’s decision to sell off its onshore assets.
Niger Delta Leaders Oppose New Drilling Plans
Community leaders and environmental activists in the Niger Delta have criticized renewed drilling efforts, citing unresolved ecological damage and socio-economic neglect.
Anambra State Governor Soludo Signs 2025 Budget
Governor Chukwuma Soludo has signed Anambra’s ₦606.99 billion budget, tagged “Changing Gears 2.0”. The budget prioritizes education, healthcare, infrastructure, and security.
National Youth Conference Scheduled for February
In a bid to engage the youth in governance, the federal government has scheduled a National Youth Conference for later this month. Discussions will center on employment, education, and political inclusion.
National Assembly Resumes February 4
The National Assembly has postponed its resumption to February 4, 2025, to allow time for in-depth budget deliberations. Lawmakers say the move is necessary to ensure effective scrutiny of government spending.
New Green Energy Policies for Oil Companies
Starting this year, Nigeria has mandated that all new oil license applicants must prove their commitment to low-carbon emissions and integrate renewable energy initiatives into their operations. This aligns with Nigeria’s net-zero emissions target for 2060.
Obasanjo Reflects on His 1995 Imprisonment
Former President Olusegun Obasanjo has spoken candidly about his imprisonment under General Sani Abacha, attributing it to his refusal to stay silent on national issues. He described it as a price he paid for speaking truth to power.
Fresh Calls for Local Government Autonomy
The Association of Local Governments of Nigeria (ALGON) and the National Union of Local Government Employees (NULGE) have urged President Tinubu to uphold the Supreme Court’s ruling on local government autonomy, expressing concern over state governors’ undue influence.