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President Bola Tinubu has requested the national assembly to consider a N6.2 trillion increase in the 2024 appropriation act.

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President Tinubu expressed his request in a letter that was read aloud by Senate President Godswill Akpabio during the Wednesday session in the upper legislative chamber.

This adjustment raises the 2024 budget to N34.9 trillion, up from the original N28.7 trillion budget that Tinubu approved on January 1st.

Tinubu is advocating for a budget revision that allocates N3.2 trillion for infrastructure initiatives and N3 trillion for ongoing expenses.

The president said, “Pursuant to section 58 (2) of the constitution of the federal republic of Nigeria as amended, I forward herewith the above named bills for consideration and passage by the senate,”

“The appropriation act amendment bill seeks to amend the principal act to provide the sum of N3,200,000,000,000 for Renewed Hope Infrastructure Projects and other critical infrastructure projects to be undertaken across the country and the sum of N3,000,000,000,000 to meet further recurrent expenditure requirements necessary for the prosper operation of the federal government.

“They shall be funded by accruing to the federal government of Nigeria.”

“Furthermore, the proposed amendments to the Finance Acts 2023 are required to a one-time windfall tax on the foreign exchange gains realised by banks in their 2023 financial statements to fund capital infrastructure development, education, and healthcare as well as welfare initiatives all which are components of the Renewed Hope Agenda,”

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Social Critic Daniel Regha Calls Out BBNaija’s Phyna Over Controversial Statement

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Social media commentator Daniel Regha has sparked online debate after criticizing Big Brother Naija reality TV star Phyna’s recent remarks on gender dynamics.

Phyna had argued that men who complain about women’s financial demands should recognize that women also offer unique qualities their mothers cannot provide.

Regha responded, expressing disappointment in Phyna’s “lack of depth” and “narrow perspective.” He wished her “wisdom and clarity” in understanding complex issues.

He wrote: “Phyna keeps proving her low level of intelligence every day; Wishing her wisdom.”

Photo source: Instagram

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Bobrisky Rallies Behind Diddy’s Kids Amidst Backlash

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Nigerian socialite Bobrisky has come to the defense of American rapper Diddy’s children, who faced online criticism for supporting their father during his recent legal troubles.

Diddy (Sean Combs) was arrested on September 16, amidst a year-long legal battle sparked by ex-girlfriend Cassie Ventura’s civil lawsuit. Despite mounting allegations, Combs maintains his innocence.

Bobrisky took to Instagram to condemn the harsh comments targeting Diddy’s family, particularly his children, for standing by their father.

“Why are some people insulting Diddy’s children because their father was arrested? I don’t care what my dad or friend might have done, I’m gonna stay beside him and will never be ashamed. Blood is thicker than water,” Bobrisky captioned.

Photo source: Instagram

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Why I dropped out of LASU in my final year — Singer Oxlade

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Nigerian singer Ikuforiji Olaitan Abdulrahman, better known as Oxlade, has disclosed why he dropped out of Lagos State University (LASU) in his final year.

Speaking in a recent podcast, he said: “I dropped out of the university in my final year because it was a cr@zy time.

There were some gangs after me because I’m a fine boy. Being a fine boy makes you a target. It’s either you join them or they o** you. So I had to leave that environment.

I went to Lagos State University (LASU). Go and read about the school. Now, they’re more focused on academics. I think they’ve realized how fragile life is and how important it is to pursue your dreams, so they’ve cracked down on that kind of behavior. Now everyone is chasing money, but at that time, it was a hot period.

After I left school, I ran away from home because I couldn’t tell my family why I dropped out. They wouldn’t understand; they would just think I was making excuses.

So I couldn’t go back. It felt like I let my family and my grandma down. The crazi€st part was that when my grandma finally saw me, she was so calm about it. All that pressure I put on myself was just in my head.”

 

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