{"id":122523,"date":"2025-09-26T19:31:30","date_gmt":"2025-09-26T18:31:30","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=122523"},"modified":"2025-09-26T19:31:30","modified_gmt":"2025-09-26T18:31:30","slug":"budget-delay-wont-derail-tinubus-economic-agenda-house-deputy-spokesman","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/budget-delay-wont-derail-tinubus-economic-agenda-house-deputy-spokesman\/","title":{"rendered":"Budget Delay Won\u2019t Derail Tinubu\u2019s Economic Agenda \u2014 House Deputy Spokesman"},"content":{"rendered":"<div style=\"text-align: justify;\">By Tracy Moses<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Deputy Spokesman of the House of Representatives, Hon. Philip Agbese, has dismissed public concerns over the perceived slow implementation of the 2025 national budget, insisting that President Bola Ahmed Tinubu\u2019s fiscal policies remain firmly on track.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Addressing journalists at the National Assembly on Friday, Agbese applauded the government\u2019s steadfast commitment to accountability and sustainable growth, while also commending the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, for his deliberate and strategic management of the nation\u2019s economic framework.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The 2025 Appropriation Act, signed into law in December 2024, earmarked significant investments across key sectors, including \u20a64.91 trillion for defence, \u20a64.06 trillion for infrastructure, \u20a63.5 trillion for education, and \u20a62.4 trillion for healthcare.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">However, with eight months already elapsed in the fiscal year, criticism has mounted over the slow rollout of capital projects, with some stakeholders urging the government to extend project timelines into 2026.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Agbese clarified that while the capital expenditure component has experienced delays, the legislature is closely monitoring its implementation and remains confident in the administration\u2019s broader economic direction.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cWhere others perceive setbacks, we see strategic planning at work. Senator Bagudu is ensuring that every spending decision meets global benchmarks and international best practices,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He explained that the minister\u2019s careful approach is aimed at facilitating the effective rollout of capital projects by the end of September, grounded in fiscal discipline and due diligence.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The lawmaker praised Bagudu\u2019s leadership, describing him as a forward-thinking reformer who is transforming Nigeria\u2019s financial landscape.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cBagudu\u2019s initiatives are not just about meeting fiscal targets, they\u2019re designed to address critical national priorities like infrastructure, healthcare, and education head-on,\u201d Agbese noted.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He also pointed out that new budget tracking mechanisms have been introduced under Bagudu, allowing allocations to be monitored against verified data, thereby strengthening public confidence in government spending.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Referencing recent economic trends, Agbese highlighted Tinubu\u2019s bold policy decisions, including the removal of fuel subsidies and the adoption of a unified exchange rate, which contributed to a 3.46% GDP growth in Q3 2024 and boosted foreign reserves.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThis administration is delivering tangible results, not just making promises,\u201d he stressed.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Reacting to the U.S. Department of State\u2019s 2025 Fiscal Transparency Report, which flagged Nigeria\u2019s procurement system as inadequate, Agbese dismissed the criticism as outdated.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cOur Open Contracting Portal provides real-time access to bidding information, while the Bureau of Public Procurement enforces strict tendering procedures,\u201d he explained. \u201cEvery contract awarded under President Tinubu\u2019s leadership complies with the Procurement Act and remains transparent to both domestic and international observers.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He further revealed that Bagudu\u2019s reforms encourage public participation, enabling citizens to report procurement violations, many of which lawmakers have verified through oversight functions.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Agbese urged Nigerians to continue supporting the administration, assuring them that Bagudu is laying the groundwork for a legacy defined by accountability and sound governance.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cBy December, Nigerians will begin to see results, new roads, better schools, and upgraded healthcare facilities improving daily life,\u201d he promised.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Expressing unwavering confidence in the country\u2019s economic trajectory, Agbese described Bagudu\u2019s data-driven approach and focused implementation as the driving force behind Nigeria\u2019s development agenda.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cHe\u2019s not rushing the process, he\u2019s building a solid foundation for sustainable progress,\u201d the lawmaker stated.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Agbese appealed for patience from citizens, reaffirming that President Tinubu\u2019s development objectives are still intact and that meaningful transformation is imminent.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cWith visionary leaders like Bagudu steering fiscal policy, Nigerians will soon witness tangible progress across sectors, from infrastructure to education and healthcare, enhancing the quality of life nationwide,\u201d he concluded.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Tracy Moses Deputy Spokesman of the House of Representatives, Hon. Philip Agbese, has dismissed public concerns over the perceived slow implementation of the 2025 national budget, insisting that President&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":122527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-122523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Budget Delay Won\u2019t Derail Tinubu\u2019s Economic Agenda \u2014 House Deputy Spokesman - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/budget-delay-wont-derail-tinubus-economic-agenda-house-deputy-spokesman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget Delay Won\u2019t Derail Tinubu\u2019s Economic Agenda \u2014 House Deputy Spokesman - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"By Tracy Moses Deputy Spokesman of the House of Representatives, Hon. 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