A Nigerian billionaire lawmaker, environmental activist and philanthropist, Senator Prince Ned Munir Nwoko, has been has been conferred with an Honorary Doctorate Degree in Diplomacy and Reparative Justice by the prestigious NextGen University International, USA.

This comes in recognition of  his commitment to humanitarian causes, legislative excellence, and impactful leadership both in Nigeria and globally.

The award was conferred during celebrations marking Senator Nwoko’s 64th birthday on December 21, 2024. The event, held at his hometown Idumuje Ugboko, Delta State and was attended by political leaders, community stakeholders, and supporters who gathered to celebrate his remarkable achievements.

Born on December 21, 1960, Senator Ned Nwoko hails from the Nwoko Royal Family of Idumuje-Ugboko, Aniocha North Local Government Area, Delta State. His journey has been marked by relentless dedication to public service, philanthropy, and governance.

Through his Ned Nwoko Foundation, the Senator has spearheaded numerous initiatives in education, healthcare, environmental sustainability, and social welfare, positively impacting countless lives in Delta North Senatorial District and beyond.

His legislative contributions in the 10th Nigerian Senate reflect his dedication to national development and the well-being of his constituents. Senator Nwoko is known for his advocacy on malaria eradication, youth empowerment, and infrastructural development.

NextGen University International, USA, is a globally accredited institution, recognized by the World Accreditation Commission, in partnership with UNESCO, and affiliated with organizations such as the Association of Universities of Asia and the Pacific (AUAP) and the Board of Quality Standards (BQS).

The university, under the leadership of Prof. Sir Dr. Shaik Mohammad Rafi, is renowned for its commitment to academic excellence and its dedication to honoring individuals who demonstrate exceptional leadership and service to humanity.

Senator Ned Nwoko’s contributions to diplomacy, reparative justice, and humanitarian causes earned him this prestigious recognition. His efforts include:

The award also acknowledges his legislative achievements, including his recent motion for healing and redress regarding the Asaba Massacre of 1967 during the Nigerian Civil War.

Senator Ned Nwoko is not only a politician but also an accomplished lawyer, businessman, and philanthropist. Educated at Keele University and King’s College London, he holds a Master’s degree in Maritime and Commercial Law and was called to the English Bar at Lincoln’s Inn.

As the Chancellor of Sports University, Idumuje-Ugboko, Nigeria’s first sports-focused tertiary institution, he continues to push boundaries in education and sports development.

The dual celebration of his 64th birthday and the honorary doctorate award was marked by gratitude and reflection. Supporters from across Delta State and Nigeria celebrated the Senator’s leadership, commitment, and continued advocacy for development.

In a formal letter of appreciation to the university, signed by his Communication Manager, Senator Ned Nwoko expressed his gratitude:

“We write to appreciate you for the honor done to the Senator with the award of an Honorary PhD in Diplomacy & Reparative Justice. This recognition will encourage the Senator to do more, and we assure you of his best wishes.”

As Senator Ned Nwoko continues his mission of service, his recognition by NextGen University International, USA, serves as a testament to his impactful legacy. His story remains an inspiration to leaders, change-makers, and future generations dedicated to building a better society.

Former vice president and presidential candidate of the main opposition Peoples Democratic Party, PDP, in the 2023 general election, Atiku Abubakar,, has criticized the 2025 budget estimate presented to the national assembly by President BolaTinubu, saying it is inadequate to foster sustainable economic growth and curtail Nigeria’s deep-rooted challenges.

In a statement on Sunday, Abubakar said the budget shows a business-as-usual fiscal practice and increases Nigeria’s external debt burden.

“The 2025 federal budget, amounting to N48 trillion with a revenue forecast of N35 trillion, resulting in a deficit exceeding N13 trillion or 4% of GDP, reflects a continuation of business-as-usual fiscal practices,” he said.

“This represents a persistent trend under the APC-led administration since 2016, wherein budget deficits have been consistently presented, accompanied by an increasing reliance on external borrowing.

“To bridge this fiscal gap, the administration plans to secure over N13 trillion in new borrowings, including N9 trillion in direct borrowings and N4 trillion in project-specific loans.”

Abubakar said the borrowing strategy is similar to the approach of previous administrations, increasing public debt and exacerbating the attendant risks related to interest payments and foreign exchange (FX) exposure.

‘Weakened Budgetary Foundations, Disproportionate Debt Servicing’

The former vice-president further highlighted lapses identified in the budget.

“Weak Budgetary Foundations: The 2024 budget’s underperformance signals poor budgetary execution. By Q3 of the fiscal year, less than 35% of the allocated capital expenditure for MDAs had been disbursed, despite claims of 85% budget execution,” he said.

He said the underperformance in capital spending, crucial for fostering economic transformation, raises concerns about the execution of the 2025 budget.

“Disproportionate Debt Servicing: Debt servicing, which accounts for N15.8 trillion (33% of the total expenditure), is nearly equal to planned capital expenditure (N16 trillion, or 34%),” Abubakar said.

“Moreover, debt servicing surpasses spending on key priority sectors such as defence (N4.91 trillion), infrastructure (N4.06 trillion), education (N3.52 trillion), and health (N2.4 trillion).”

He said the imbalance would likely crowd out essential investments and perpetuate a cycle of rising borrowing and debt accumulation, threatening fiscal stability.

“Unsustainable Government Expenditure: The government’s recurrent expenditure remains disproportionately high, with over N14 trillion (30% of the budget) allocated to operating an oversized bureaucracy and supporting inefficient public enterprises,” Abubakar said.

He added that the “lack of concrete steps to curb wastage and enhance the efficiency of public spending exacerbates the fiscal challenges, leaving limited resources for development”.

“Insufficient Capital Investment: After accounting for debt servicing and recurrent expenditure, the remaining allocation for capital spending, ranging from 25% to 34% of the total budget, is insufficient to address Nigeria’s infrastructure deficit and stimulate growth,” the politician said.

He said it amounts to an average capital allocation of about N80,000 ($45) per capita, insufficient to meet the demands of a country “grappling with slow growth and infrastructural underdevelopment”.

The administration’s decision to increase the VAT rate from 7.5% to 10% is a retrogressive measure that will exacerbate the cost-of-living crisis and impede economic growth,” Abubakar said.

He said by imposing additional tax burdens on an already struggling populace while “failing to address governance inefficiencies,” the government risks stifling domestic consumption and further exacerbating economic hardship.

Abubakar said the 2025 budget lacks the “structural reforms and fiscal discipline” required to address Nigeria’s multiple economic challenges.

“To enhance the budget’s credibility, the administration must prioritize the reduction of inefficiencies in government operations, tackle contract inflation, and focus on long-term fiscal sustainability rather than perpetuating unsustainable borrowing and recurrent spending patterns,” he said.

Abubakar said a shift towards a more disciplined and growth-oriented fiscal policy is essential for the nation’s economic recovery.

Ten persons from the same family died on Sunday when their small plane slammed into a commercial district in the city of Gramado in southern Brazil.

The country’s Civil Defence officials told AP that the plane, a Piper Cheyenne 400 turboprop, was being flown by a businessman named Luiz Claudio Salgueiro Galeazzi.

Police also confirmed that the passengers were all family members of the businessman.

The aircraft crashed shortly after takeoff from the nearby city of Canela, striking the chimney of a building and then a house before falling onto a furniture store, the Rio Grande do Sul state security secretariat said in a statement.

An inn was also damaged, it added.

“There are no survivors of the plane,” Cleber dos Santos Lima of the state civil police told AFP.