Tinubu Allocates ₦80 Billion for Alau Dam Expansion in Borno President Bola Tinubu has sanctioned ₦80 billion for the reconstruction and expansion of the Alau Dam in Borno State, a strategic move aimed at boosting water supply and addressing flood-related concerns. This approval was disclosed by Prof. Joseph Utsev, the Minister of Water Resources, during a press briefing following the second Federal Executive Council (FEC) meeting of the year. Utsev, who also chairs the inter-ministerial committee on dams, emphasized that while the project has received presidential approval, it awaits formal ratification by FEC. Federal Committee to Oversee Dam Rehabilitation The inter-ministerial committee on dams was inaugurated on October 2, 2024, with a mandate to evaluate and improve dam infrastructure across the country. Its members include representatives from the Ministries of Finance, Environment, Works, and Information, as well as the National Security Adviser. To ensure expert evaluation, a sub-committee was formed, integrating professionals from the Nigerian Society of Engineers (NSE), the Council for the Regulation of Engineering in Nigeria (COREN), and the Council of Dams Experts in Nigeria. So far, the committee has assessed 35 dams, with an interim report already presented to FEC. Urgency of Alau Dam Reconstruction During the briefing, Prof. Utsev stressed the importance of rehabilitating Alau Dam, citing the challenges posed by flooding on September 10, 2024. The assessment of the remaining 34 dams is ongoing and will be presented in subsequent FEC meetings. “The Alau Dam is a critical infrastructure that requires urgent intervention. We are collaborating with the Borno State government to commence reconstruction immediately. The first phase of the project is scheduled for completion by July, while desilting activities will commence in December,” Utsev explained. The entire project is expected to take 24 months to complete, aiming to enhance water resource management, irrigation, and flood prevention in the region. Stay updated on more infrastructure developments in Nigeria as the government continues its commitment to improving critical facilities nationwide. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
President Bola Tinubu will present the 2025 budget of N47.96tn to the National Assembly on Wednesday, following final adjustments approved by the Federal Executive Council. The Federal Executive Council (FEC) has approved the 2025 budget proposal of N47.96 trillion. Initially scheduled for Tuesday, President Bola Tinubu will now present the budget to the National Assembly on Wednesday, December 18, after making final adjustments. The postponement was confirmed by a top National Assembly official and corroborated by Minister of State for Agriculture, Sabi Abdullahi, who explained the delay was to ensure “one or two refinements” before the formal presentation. Key Highlights of the 2025 Budget According to Minister of Budget and Economic Planning, Abubakar Bagudu, the approved Medium-Term Expenditure Framework (MTEF) provides the foundation for the budget. The MTEF was earlier endorsed by the Senate on November 22 and outlines macroeconomic assumptions for the 2025-2027 period. Fiscal Strategy and Borrowing Plans The 2025 budget includes new borrowings of N13.8 trillion, representing 3.87% of the GDP. Bagudu emphasized the government’s commitment to maintaining the January-December budget cycle and reassured that late signing would not disrupt implementation. He noted that despite the deficit, improved revenue from non-oil streams and deregulation of the petroleum sector would help close gaps. Debt service for the 2024 budget was reported at 100% performance, reflecting Nigeria’s commitment to meeting its obligations. Why the Delay? The FEC, led by President Tinubu, called for minor amendments to ensure the budget aligns with economic goals. The National Assembly has shown confidence in quickly reviewing and passing the budget due to enhanced cooperation with the Executive. Bagudu reiterated that achieving the 2.06 million barrels-per-day oil production target is realistic, citing ongoing discoveries in Nasarawa and Kolmani regions. Final Thoughts The 2025 budget reflects the Federal Government’s strategic fiscal goals amid economic challenges. Stakeholders are optimistic that the proposed figures and assumptions will drive Nigeria toward sustainable growth. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
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The Federal Government of Nigeria has officially announced the renaming of the University of Abuja to Yakubu Gowon University, in honor of Nigeria’s former Head of State, General Yakubu Gowon, who recently marked his 90th birthday. The Minister of Information and National Orientation, Mohammed Idris, disclosed this major development during a press briefing at the State House on Monday. The announcement followed a Federal Executive Council (FEC) meeting presided over by President Bola Tinubu. According to the minister, the renaming highlights the government’s recognition of General Gowon’s contributions to Nigeria’s unity and development during his tenure as Head of State. He further revealed that the proposal for the name change will be forwarded to the National Assembly for formal approval. This gesture reflects the administration’s efforts to honor national leaders and preserve their legacies. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
