As the National Assembly prepares to pass the ₦49.70 trillion 2025 budget proposal, Deputy Spokesman of the House of Representatives, Philip Agbese, has highlighted the need for improved funding for key government agencies critical to national security, identity management, and youth development. Speaking in Abuja, Agbese emphasized that the National Identity Management Commission (NIMC), National Youth Service Corps (NYSC), and the Nigerian Defence Academy (NDA) require higher allocations to enhance their operations and ensure they effectively contribute to Nigeria’s socio-economic progress. Why NIMC Needs Increased Funding Agbese underscored the importance of NIMC in building a robust national identity database, essential for security, financial services, and governance. He pointed out that without proper funding: “Many Nigerians may not fully realize how crucial NIMC is, but without it, national security efforts and financial inclusion will be significantly hindered,” Agbese stated. The Need for NYSC Reforms and Better Funding Highlighting the role of the NYSC in workforce development, Agbese argued that the scheme requires increased funding to: “NYSC plays a vital role in national unity and economic growth. We need to ensure corps members are well supported during their service year,” he added. Strengthening Nigeria’s Security Through NDA Funding Given the rising security threats, Agbese emphasized the need for higher allocations to the Nigerian Defence Academy (NDA) to: “Terrorists are evolving, and so must our military institutions. Better funding will enhance the NDA’s ability to prepare our forces for emerging threats,” he noted. Beyond Defence: The Need for Increased Budget for Foreign Missions Agbese also acknowledged the efforts of Nigeria’s foreign missions, stating that they play a key role in: The House has, therefore, agreed to an upward review of their budget estimates. Addressing Budgetary Constraints Agbese pointed out that while the budget envelope system restricts capital expenditure for many agencies, the government must find ways to bridge the funding gap. He cited the Defence Ministry’s budget, where only ₦50 billion was allocated, as an example of underfunding in critical sectors. “The current allocations are insufficient for the growing demands of these agencies. If we want a better Nigeria, we must invest in its foundations,” he stressed. Final Thoughts With the 2025 budget proposal under review, the House of Representatives is committed to ensuring that key agencies receive the necessary financial support. Improved funding for NIMC, NYSC, NDA, and foreign missions will contribute to national security, economic stability, and global diplomacy. READ ALSO: Follow the LMSINT MEDIA channel on WhatsApp: Join Our WhatsApp Group Hear: Chat on WhatsApp Join our Telegram Chanel.
The federal government has announced a proposed budget of N47.9 trillion for the 2025 fiscal year. This information was shared by Atiku Bagudu, the Minister of Budget and Economic Planning, during a press briefing on Thursday after the Federal Executive Council (FEC) meeting, which was presided over by President Bola Tinubu. Bagudu stated that the council had approved the Medium-Term Expenditure Framework (MTEF) for 2025-2027. READ ALSO: With confidence after Trump’s election, the cryptocurrency market reaches a record $3 trillion. The minister noted that the budget sets the crude oil benchmark at $75 per barrel, with a production target of 2.06 million barrels per day (bpd). Additionally, the budget plans for an exchange rate of N1,400 per dollar and aims for a GDP growth rate of 6.4%.
