National
Tinubu presents ₦47.9tn ‘Resurrection Budget’ for 2025, prioritizing security, infrastructure, and education

Security and defence, infrastructure, health and education were some of the sectors with high allocations in the N47.9tn Budget Proposal presented by President Bola Tinubu before a joint session of the National Assembly on Wednesday afternoon.
“It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly of Nigeria titled, ‘The Resurrection Budget’ security peace, building prosperity,” Tinubu said as he concluded his 30-minute speech at 1:10pm on Wednesday.
Earlier in his presentation, the President listed some of the highlights of the budget as defence and security – N4.91tn, infrastructure – N4.06tn, health – N2.4tn, education – N3.5tn, among others.
He expressed commitment to economic renewal, thanking all Nigerians for embarking on the journey of reform and transformation in the last 18 months together.
Tinubu stressed that food security is non-negotiable, adding that the government is taking steps to ensure Nigerians feed and not go to bed hungry.
Tinubu said, “Our 2025 is not just another statement of projected government revenue and expenditure; it is one that calls for action.
“Our nation faces existential threat from corruption and insecurity…These challenges are surmountable when we work collaboratively. We must re-write the narrative of this nation.
“The time for lamentation is over. The time to act is act is now.”
Tinubu was accompanied to the budget presentation by the Secretary to the Government of the Federation (SGF), George Akume; and the Chief of Staff to the President, Femi Gbajabiamila; among other top government officials.
The presentation was expected to take place on Tuesday but that was moved to Wednesday after a meeting of the Federal Executive Council (FEC) held on Monday at the Presidential Villa in Abuja.
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National
JUST IN: Nigerian Army names Lt. Col. Anele as first female spokesperson

The Nigerian Army has appointed Lieutenant Colonel Anele Onyinyechi Appolonia as the Acting Director, Army Public Relations — the first woman to hold the position.
Anele, a member of Direct Regular Course 15 and the Nigerian Institute of Public Relations (NIPR), takes over from Major General Onyema Nwachukwu, who has been posted to the Nigerian Army Heritage and Future Centre. Her appointment takes effect from April 22, 2025.
Before this elevation, Lt. Col. Anele completed a six-month strategic course at the Nigerian Army Resource Centre and was subsequently posted to the Department of Civil-Military Relations.
She has previously served as Public Relations Officer in the Office of the Chief of Army Staff. Until her new role, she was with the Department of Civil-Military Relations.
National
Tax reform bill will curb poverty, empower Nigerians— Presidency

Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele
Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr Taiwo Oyedele
The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Tax Reform Bill would curb poverty and empower ordinary Nigerians.
Oyedele made this known at the Spokespersons’ Summit, organised by the Nigerian Institute of Public Relations (NIPR) in Abuja.
He expressed strong optimism about the sweeping changes the bill would bring, especially for the low-income earners and small businesses across the country.
The chairman said that key highlights of the reform included the exemption of low-income earners from paying the Personal Income Tax (PAYE) and the removal of VAT from basic essentials such as food, education, and healthcare.
Oyedele added that it included a zero per cent Corporate Income Tax (CIT) rate for small businesses, adding that the bill had great benefits, especially for the masses, although it was welcomed with misconceptions and attacks.
He said, “This is because the issues of tax and taxation are not the most attractive to the ordinary persons because it is hard to part with your money.
“It is even harder when you part with your money and you cannot tell what exactly government is using it for that benefits you.”
Oyedele said the approach for the reform was to try and understand what the issues were and where the problems were coming from.
He added, “Then we will use data to engage with the people and design a solution for Nigeria that is made by Nigerians for the Nigerian people.
“That is exactly what we have done with the tax reform bill which is now nearing passage for the President to sign.”
According to Oyedele, the government is positive that as soon as implementation begins, Nigerians will see the real positive impact on their day-to-day living including low income earners being exempted from taxes.
“This is because, we want Nigerians to be able to create wealth and become successful, when they make it big time, then they will pay taxes, not the other way round.
“So, we believe that this message is resonating with the Nigerian people, it is still a long way to go but we are happy to continue with the journey,” he said.
Oyedele commended NIPR for putting the summit together and for discussing issues of government policies for the clearer understanding of Nigerians.
The President and Chairman of Council, NIPR, Dr Ike Neliaku, said the communication ecosystem should always be considered when formulating any government policy.
Neliaku said this was because the communicators have the gift of communicating even the most difficult policies to the people.
He added that they would look at such policies and guide strategic communication, adding, “which is the when,what,how where which it answers all those questions.
“So, when you say this is what we want to do,how best should we do it?it is the work of the experts and not quacks, those trained to come up with the strategies to communicate that.
“The tax reform is what this nation needs at this point but it was essentially misunderstood because of the way it was introduced and the mischief makers took advantage of that to do what they want.”
Neliaku said that was why NIPR and its partners in the communication ecosystem had promised to work with the government to develop a tax communication framework.
He said that it was also being done in the areas of climate action, Science communication and across many sectors to communicate reforms so that the child is not killed even before it is birthed.
He encouraged spokespersons to acquire knowledge, understand trends and issues in order to be effective and to speak well and informed.
Dr Nkechi Ali-Balogu, a Fellow of NIPR, said that there was need to view taxation with the gender lens, adding that there was need to make exemptions for women.
Ali-Balogun said that most women were bread winners these days as well as single mothers should enjoy tax exemption to empower them to provide for their families.
She commended NIPR for organising the summit, adding that it had broadened her horizon on national issues.(NAN)
Business
Dangote Refinery Reduces Ex-Depot Petrol Price To N835/Litre

By Abubakar Yunusa
The Dangote Petroleum Refinery has further reduced the ex-gantry price of premium motor spirit (PMS), also known as petrol, to N835 per litre.
According to sources at the refinery, the plant dropped the price of the petrol sold to oil marketers to N835 per litre, six days after the refinery reduced it to N865 per litre.
“The refinery reduced the price of the petrol to N835 per litre,” a source told TheCable.
The reduction in Dangote petrol price followed an announcement by the federal government on April 9, that the naira-for-crude oil deal will continue after the first phase ended on March 31.
“The stakeholders reaffirmed the government’s continued commitment to the full implementation of this strategic initiative, as directed by the Federal Executive Council (FEC),” the finance ministry said.
“Thus, the Crude and Refined Product Sales in Naira initiative is not a temporary or time-bound intervention, but a key policy directive designed to support sustainable local refining, bolster energy security, and reduce reliance on foreign exchange in the domestic petroleum market.”
On April 15, Farouk Ahmed, chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), said the estimated pump price of petrol in Nigeria is less than that of neighbouring countries in West Africa.
Ahmed also said Nigeria’s petrol importation reduced by 29.9 million litres in eight months due to increased contributions from local refineries.