BY AFOLABI OLANREWAJU
UNIHUB CONNECT TV
1. Nigerian Parliament Approves $36.6 Billion Budget for 2025
Nigeria's National Assembly has sanctioned a ₦54.99 trillion budget for the year 2025, surpassing President Bola Tinubu's initial proposal. The approved budget includes an additional $200 million allocated to bridge the gap caused by the suspension of U.S. health aid. This financial plan aims to address the nation's economic challenges and fund essential sectors.
2. UK Grants Asylum to Nigerian Woman Linked to Separatist Group 🛂
A 49-year-old Nigerian woman has been granted asylum in the United Kingdom after her involvement with the Indigenous People of Biafra (IPOB), a group labeled as a terrorist organization by Nigeria. Despite initial rejections, a tribunal recognized the potential risks she faced upon returning to Nigeria, leading to the approval of her asylum claim.
3. Niger Delta Communities Sue Shell Over Environmental Damage ⚖️
Leaders from Nigeria's Ogale and Bille communities have initiated legal action against Shell in London's High Court. They seek accountability and remediation for extensive environmental harm caused by prolonged oil spills, which have adversely affected their health and livelihoods.
4. Nigeria Mandates Low Carbon Emissions for New Oil Licenses 🌿
Effective January 1, 2025, Nigeria requires all applicants for oil licenses to demonstrate low carbon emissions and incorporate renewable energy initiatives. This policy aligns with the nation's commitment to achieving net-zero carbon emissions by 2060 and promotes sustainable practices in the petroleum industry.
5. Borno State Governor Enacts ₦615.8 Billion Budget for 2025 📜
Governor Babagana Zulum of Borno State has signed into law a ₦615.857 billion budget for 2025, reflecting an increase of ₦31.1 billion from the initial proposal. The budget, termed the "Budget of Recovery and Continuity," focuses on revitalizing the state's infrastructure and services.
6. House of Representatives Sets $75 Oil Benchmark for 2025 Budget 🛢️
Ahead of President Bola Tinubu's presentation of the 2025 Appropriation Bill, the House of Representatives has approved a $75 per barrel oil benchmark. This decision is part of the Medium Term Expenditure Framework (MTEF) and aims to stabilize the nation's revenue projections.
Stay informed with these developments shaping Nigeria's socio-economic landscape.
Connect with UNIHUB CONNECT TV
For more updates