Governor Seyi Makinde of Oyo State has presented a budget of ₦678 billion for the 2025 fiscal year to the state House of Assembly. The budget outlines significant allocations to various sectors: The budget also focuses on economic stabilization, aiming to support the implementation of the new minimum wage in Oyo State. Governor Makinde emphasized that efforts will be made to attract more investors to the state in the coming year. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.
Author: Akintayo Adams
Akintayo Adams
Akintayo Adams A. is an accomplished news editor at News VEO with several years of experience covering, crafting, and delivering compelling news and content that captivates target audiences.
A massive fire has broken out at the popular fitness centre, Eco Fitness Hub, in Gwarinpa, Abuja. The fire, which erupted on Wednesday, has engulfed large portions of the facility, though the cause remains unknown. However, no casualties have been reported. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.
The Nigerian naira saw a sharp decline against the U.S. dollar, trading at ₦1,689.88 per dollar in the official market—a new low, down from ₦1,681.42. Foreign exchange turnover also dropped significantly, exacerbating concerns about the currency’s stability. Meanwhile, at the black market, the naira lost ₦5 to close at ₦1740 on Tuesday from ₦1735, exchanged on Monday. Despite rising foreign reserves, experts worry the naira could slide to ₦2,000 per dollar by year-end unless stabilization measures are implemented. The Central Bank of Nigeria faces increasing calls to step in to address these economic pressures. Get instant and latest news updates…
The governors of Osun and Oyo States, Ademola Adélékè and Sèyí Mákindé, respectively, will today presenttheir 2025 budget proposals to their state Houses of Assembly. In Osun State, Governor Adélékè will unveil the 2025 Appropriation Bill at the Osun State House of Assembly in Osogbo. The budget presentation follows a series of Stakeholders’ Consultative Forum Meetings held across the state, where residents provided valuable insights and suggestions to inform the budgetary process. Governor Adélékè emphasized that the budget aligns with constitutional requirements and aims to address the state’s fiscal future. Meanwhile, in Oyo State, Governor Mákindé presented the 2025 Appropriation…
Vice President Kashim Shettima has highlighted the positive impact of the Federal Government’s efforts to strengthen Nigeria’s trade sector. Speaking at the third National Conference on Non-oil Export in Abuja, Shettima noted that Nigeria recorded a trade balance of ₦6.5 trillion in the second quarter of 2024. This achievement is attributed to the recently implemented trade policies aimed at increasing the non-oil sector’s contribution to the Gross Domestic Product (GDP) and enhancing Nigeria’s position in global trade. Shettima emphasized the importance of effectively implementing the country’s trade policy to improve the balance of trade. He pointed out that exports accounted…
The Nigerian government has spent $3.58 billion on servicing its foreign debt in the first nine months of this year, which is a 39.77% increase from the $2.56 billion spent during the same period last year. This substantial rise in external debt service payments underscores the increasing pressure on Nigeria’s fiscal balance amid ongoing economic challenges. Information from the Central Bank of Nigeria highlighted that May saw the highest monthly debt servicing payment this year, amounting to $854.37 million, compared to $221.05 million in May last year. The sharp contrast illustrates the growing cost of debt obligations as Nigeria grapples…
Monday Okpebholo has officially taken office as the new governor of Edo State. The inauguration ceremony took place at the Samuel Ogbemudia Stadium in Benin City on Tuesday, November 12, 2024. Okpebholo, a former senator and candidate of the All Progressives Congress (APC), won the governorship election held on September 21, 2024. In one of his first official acts, Governor Okpebholo announced the appointment of Dr. Cyril Oshiomhole, the son of former Edo State Governor Adams Oshiomhole, as the Commissioner for Health. This appointment was part of a broader set of nominations, including Musa Ikhilor as the Secretary to the…
The Ebonyi State government has denied rumors that the departure lounge of the Chuba Okadigbo Airport has been converted into a church due to low patronage. Speaking with journalists in Abakaliki, the Commissioner for Aviation and Transport Technology, Mrs. Ngozi Obichukwu, labeled the information as false and baseless. Mrs. Obichukwu clarified that the ministry’s staff holds monthly prayers to re-dedicate and ensure the smooth recommencement of flight operations at the airport. This statement came in response to a viral video on social media showing individuals purportedly conducting church services at the airport’s departure lounge. She explained that the prayer service…
Donald Trump has confirmed Elon Musk will co-lead the new department of government efficiency. The Tesla and X owner – who is also the world’s richest man – will work with former Republican presidential candidate Vivek Ramaswamy to lead the department, which is known as DOGE for short. This marks the fulfilment of a promise made to the tech billionaire after he endorsed Trump in the race for the White House, and poured more than $119m (£92m) canvassing for him in the seven battleground states. According to a statement, Trump said Musk and Ramaswamy “will pave the way for my administration to…
Real Madrid’s Marc Cucalon has retired from football. He called it quit at the age of 19. He blamed his decision on an injury and serious complications that followed. His highlight might be when became the youngest person, in 2020, to join the Common Goal initiative founded by Juan Mata. He joined at the age of 15. Get instant and latest news updates via Our WhatsApp Community, X/Twitter or Google News online channel.
