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President Buhari Signs 2022 Budget

The Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, also witnessed the signing of the budget.

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President Muhammadu Buhari has signed the 2022 Appropriation Bill of N17.126 trillion into law.

The President signed the national budget on Friday at the Council Chamber of the Presidential Villa in Abuja, the Federal Capital Territory (FCT).

The appropriation bill was presented to the President by his Senior Special Assistant (Senate) on National Assembly Matters, Senator Babajide Omoworare.

While signing the budget, President Buhari was flanked by the President of the Senate, Ahmed Lawan, and the Speaker of the House of Representatives, Femi Gbajabiamila.

The Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, also witnessed the signing of the budget.

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This comes a week after lawmakers in the House of Representatives and Senate chambers of the National Assembly passed a budget of N17.126 trillion, increasing the benchmark price of crude from $57 to $62 per barrel.

During the plenary on Wednesday last week, the Senate had passed the 2022 budget while Senate President Lawan gave an assurance that the bill would be sent to the President for assent the following day.

Lawmakers in the House of Representatives had also passed the budget last Tuesday. The National Assembly raised the total 2022 budget figure from the proposed N16.391 trillion to N17.126 trillion.

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Electricity, telecom tariffs increase unconscionable, should be stopped – Shehu Sani

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Former lawmaker, Senator Shehu Sani, has described the planned increase in electricity and telecom tariffs as unconscionable.

The statement comes after the telecoms regulator last week approved the increase in mobile tariffs.

The federal government also recently said that plans were ongoing to increase electricity tariffs “over the next few months.”

However, Sani, who said the government’s plan is unreasonable, insisted that it should be halted.

The ex-lawmaker also expressed his support for the Nigeria Labour Congress (NLC) over the scheduled protest against the government’s proposal, calling it a welcome development.

“The planned increase in electricity tariffs in the midst of poor power supply and the proposal to increase telecom tariffs is unconscionable and should be halted. The scheduled labour union protest is a welcome development,” he posted on X.

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Trump to cut off funding to South Africa, gives reason

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Donald Trump

The United States President, Donald Trump, has revealed his decision to cut off all future funding to South Africa, citing poor treatment of “certain classes of people.”

Trump made this known on Sunday in a post on Truth Social, his social media platform.

According to Trump, South Africa was seizing land and mistreating some citizens without concern for the violations of their rights.

“South Africa is confiscating land and treating certain classes of people VERY BADLY.

“I will be cutting off all future funding to South Africa until a full investigation of this situation has been completed!” Trump wrote.

Reports suggest that the American leader may be defending White South Africans, some of whom have alleged that the South African policy is unfair to them.

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Telecoms tariff hike: Nigerian govt in last-minute move to avert NLC shutdown

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NLC

There are indications that the federal government will on Monday meet with the Nigeria Labour Congress, NLC, to stop the planned Tuesday nationwide protest against the 50 percent telecommunications tariff hike.

A reliable source familiar with the matter, who preferred anonymity, disclosed this on Monday morning, noting that the meeting between the NLC leadership and the federal government is scheduled for 5 p.m. on Monday.

The source said the meeting was a “dialogue on matters of national interest as it affects Nigerian workers.”

According to the source, it will be an inter-ministerial meeting with the Secretary to the Government of the Federation (SGF), purposely to resolve issues raised by the NLC concerning the federal government’s approved upward adjustment to telecommunications tariffs, which the NLC, its allies, and others are vehemently opposing.

This comes as the NLC is already mobilizing workers for a mass protest tomorrow (February 4) against the 50 percent tariff hike approval.

On Thursday last week, in a letter to affiliate unions and state councils, NLC General Secretary Emma Ugboaja urged them to mobilize other Nigerians to send a serious message to the government.

The planned protest follows the 50 percent telecom tariff approval by the Nigerian Communications Commission (NCC) on January 20, 2025.

The approval had sparked widespread rejection among telecom subscribers.

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