Adebajo reveals most important thing as Tinubu signs N54.99tn 2025 budget

Nigerian financial expert and chief executive officer of the CFG Advisory, Adetilewa Adebajo, has revealed that the non-allocation of funds to the fuel subsidy is the most important, as President Bola Ahmed Tinubu signed the N54.99 trillion 2025 budget.

Adebajo disclosed this in a recent interview on Arise Television, analysing the budget.

This comes as the two chambers of the National Assembly approved the N54.99 trillion 2025 budget days back and it was signed into law by President Bola Ahmed Tinubu on Friday.

The signed 2025 budget surpassed the initial N54.2 trillion proposal by Tinubu and a near 100 percent increase from the N27.5 trillion budget for last year.

Key prepositions are the exchange rate benchmark at N1500 per dollar, the interest rate at 15 percent from the current 24.48 percent, and the crude oil production target of 2.06 million barrels per day at a benchmark price of $75 per barrel.

Reacting, Adebajo identified that the non-allocation of funds to the fuel subsidy, which gulped about N4 trillion in 2024.

“One of the most important things for me in the 2025 budget that people are not highlighting is that for the first time in a long while, no funds were allocated to fuel subsidy. I think this is something very important”.

DAILY POST reports that Tinubu signed the 2025 budget into law on Friday.

Adebajo reveals most important thing as Tinubu signs N54.99tn 2025 budget

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    Sophos, a global leader of innovative security solutions for defeating cyberattacks, has announced the launch of Sophos Advisory Services, a suite of security testing services designed to identify gaps in organisations’ security programmes.

    The offerings: External Penetration Testing, Internal Penetration Testing, Wireless Network Penetration Testing, and Web Application Security Assessment, help fortify an organisation’s defenses against cyberattacks and optimise their current security investments.

    Regardless of an organisation’s size or security maturity, assessing cybersecurity posture is critical to staying ahead of threat actors, demonstrating regulatory compliance, and building trust with customers, partners, and stakeholders.

    The Sophos State of Ransomware 2025 report highlights that the number one root cause for ransomware attacks is exploited vulnerabilities, and 65% of organizations reported a known or unknown security gap as a reason for being exposed to a ransomware attack.

    Senior Director, Sophos Advisory Services, Jake Dorval, said: “Adversaries are increasingly skilled at exploiting the smallest cracks in an organization’s security program. With Sophos Advisory Services, we give customers a proactive advantage – helping them find and fix weaknesses before attackers can exploit them. Backed by real-time insights from Sophos X-Ops threat intelligence, our experts enable organizations to strengthen resilience, meet compliance requirements, and build lasting trust with stakeholders.”

    According to Sophos, External Penetration Testing, simulates an attacker trying to breach organisation’s perimeter from the outside.

    Internal Penetration Testing, simulates an insider threat or an attacker who has already breached the perimeter, focusing on systems, applications, and data within the internal network.

    Wireless Network Penetration Testing, assesses the security of an organisation’s Wi-Fi networks and infrastructure and evaluates their compliance with appropriate mandates.

    Web Application Security Assessment, tests an organisation’s web applications for security vulnerabilities and design weaknesses.

    Sophos Advisory Services are delivered by dedicated testers with vast cross-discipline security expertise spanning security research, threat intelligence, law enforcement, military and other backgrounds who joined Sophos through the recent acquisition of Secureworks.

    The team holds hundreds of security certifications, has earned top finishes in capture the flag competitions, and is supported by Sophos X-Ops security analysts, threat intelligence and research specialists.

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    Science Minister, Geoffrey Nnaji, Resigns Amid Certificate Forgery Allegation

    Science Minister, Geoffrey Nnaji, Resigns Amid Certificate Forgery Allegation

    *Says he’s been target of blackmail by political opponents

    *Tinubu accepts resignation

    Deji Elumoye in Abuja

    Minister of Innovation, Science, and Technology, Geoffrey Uche Nnaji, has resigned following allegations of certificate forgery against him.

    The Minister has been in the eye of the storm over allegations of forgery of his first degree certificate from the University of Nigeria, Nsukka which he tendered for screening as a ministerial candidate over two years ago by the National Assembly.

    According to a release issued on Tuesday by presidential spokesperson, Bayo Onanuga, Nnaji resigned “today in a letter thanking the President for allowing him to serve Nigeria.”

    The Minister in the resignation letter said he had been a target of blackmail by political opponents.
    The statement said President Tinubu has accepted his resignation.

    It added that the President thanked him for his service and wished him well in future endeavours.

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