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Cardi B knows that she’s stuntin’ and shinin’.
Indeed, the “I Like It” singer clapped back at social media backlash she received for allegedly calling herself a 10 in a recent Instagram livestream.
“The other day I was bombing men,” Cardi said in a Dec. 18 video posted to X, formerly Twitter, “today Imma bomb you f–king weak ass b–ches.”
And while she clarified that her referring to herself as a 10 was taken out of context, she did not deny the cold hard facts.
“I didn’t say that,” she explained, “but b—h, absolutely I f–king think im a 10. As I f–king should.”
As for where she gets her confidence? The mom of three knows exactly what she loves about herself.
“I have a pretty ass f–king face,” she continued, “bomb ass body, I got little feet—I love my feet. I think my feet are just so cute.”
President Bola Tinubu has called on the media to support his administration’s proposed tax reforms, describing them as a critical step toward building enduring national wealth and prosperity for all Nigerians.
Tinubu made this appeal at the 2024 Nigerian Media Merit Awards, held at the Muson Centre in Lagos.
Represented by the Minister of Information and National Orientation, Mohammed Idris, the President said while opinions may differ on the details of the proposed tax reforms, there is a national consensus on the need for a complete overhaul of the current tax administration system.
He expressed optimism that through the ongoing dialogue on the tax reforms, there would be many areas of convergence of opinions.
“I will say with every sense of conviction that our policies are deliberate and well-thought-out. We are headed toward the restoration of Nigeria, on a path requiring a comprehensive approach that addresses economic diversification, human capital development, infrastructure development, wealth creation, and inclusive growth.
“Among our various landmark reforms is the one focused on tax, by far one of the most profound steps necessary for setting Nigeria onto the path of enduring national wealth and prosperity for all our people. There is a consensus that the tax administration system in Nigeria requires reform. We may not all agree on every detail of the required reform, but there will be many areas of convergence,” he said,
The president emphasized that the tax bills before the National Assembly aim to streamline the number of taxes, ease the burden on vulnerable Nigerians, increase the share of taxes going to the states and foster business growth through targeted incentives.
According to him, the overall objectives of the reforms being implemented under the Renewed Hope Agenda, including subsidy removal, unification of multiple exchange rates, and tax restructuring, were well-thought-out, bold but necessary steps designed to free resources and redirect them toward economic growth, infrastructure development, and human capital advancement.
He said that in addition to the increased revenues being received and distributed monthly, there was also the effort that went into ensuring financial autonomy for local governments, the closest tier of government to the people.
Tinubu therefore urged the media to amplify the narratives around the reforms for better public understanding, emphasizing their critical role in countering misinformation and guiding Nigerians with accurate and purposeful information.
Mohamed Salah as been named Africa’s best player for the 2023/2024 season by Spanish sports outlet Marca, ahead of CAF nominee Ademola Lookman.
The Liverpool and Egyptian international secured the 31st place in the media’s global rankings with 1,211 points, based on votes from over 100 former players, journalists and analysts.
Bayer Leverkusen’s star Victor Boniface, ranked as the second-best African.
Stuttgart’s forward Serhou Guirassy was ranked third among African players.
Meanwhile Atalanta and Nigeria’s Lookman, arguably the favourite for the 2024 CAF Player of the Year award ranked fourth, and 65th globally.
Other African players featured in Marca’s top 100 list include Ayoub El Kaabi (76th), Odilon Kossounou (78th), and Pierre-Emerick Aubameyang (94th).
Notably, 2024 African Footballer of the Year nominees Simon Adingra, Achraf Hakimi, and Ronwen Williams were excluded from the rankings.
Real Madrid’s Vinícius Júnior topped the overall list as the best player of the season, with Jude Bellingham and Rodri completing the top three.
Jennifer Love Hewitt is reflecting on a difficult grieving process.
Twelve years after her mother Patricia Mae Hewitt, died in June 2012 from cancer, the actress shared that she first heard the news when it had been circulated in the media.
“That day, the press actually knew that my mom had passed before I did,” Hewitt, whose new book Inheriting Magic details her grieving process, told People in an article published Dec. 10, “which was such a crazy feeling.”
Hewitt shared that she had just arrived in Monaco when she received a text from her mother’s friend that said, ‘She had a rough night and got very sick—she’s in the hospital.’
The 45-year-old was unable to get a flight back to Los Angeles before the next morning, and she knew as soon as she landed in California that her mother had passed, as her mom’s caregiver was there to greet her upon arrival.
“When I landed, I heard his voice at the airport,” she recalled. “I knew in that moment that he would not have left her side if she was still with us.”
As creativity takes center stage in the ever-evolving digital space, Palmpay, Nigeria’s leading fintech company has been awarded the prestigious title of Best Use of Social Media – Fintech, at the 2024 Social Media Awards, held at the Oriental Hotel, Lagos on November 23, 2024. This annual event recognizes utstanding achievements in social media marketing and highlights PalmPay’s leadership in leveraging digital platforms for customer engagement and acquisition.
The award celebrates PalmPay’s strategic and creative use of social media to connect with its diverse audience, drive impactful communication that will promote financial inclusion across Nigeria. Through campaigns that resonate across various demographics, PalmPay continues to push the boundaries of effective communication within Nigeria’s fintech landscape.
Reflecting on the award, Femi Hanson, Head of Marketing and Communications at PalmPay, expressed gratitude: “We are deeply honored to receive this recognition. It represents our team’s relentless dedication to creating meaningful and impactful communications that drive engagement. We remain committed to fostering customer connections and championing financial inclusion through innovative campaigns tailored to our audience.”
PalmPay’s innovative approach to social media not only solidifies its reputation as a leader in the industry but also reinforces its mission to make financial services accessible to all Nigerians.
PalmPay is a leading Africa-focused fintech platform committed to driving economic empowerment in Africa. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay brings top-tier products into the pockets of everyday Nigerians, actively driving financial inclusion.
PalmPay offers money transfers, bill payments, credit services, and savings on its app and via its mobile money agents. Since launching in Nigeria in 2019 under a Mobile Money Operator license, the platform has grown to over 35 million app users and connects 1.2 million businesses through its network of mobile money agents and merchants, cementing its role as a leader in the Nigerian fintech ecosystem.
Heading into the 2024 campaign, NYU journalism professor Jay Rosen exhorted political reporters to resist the lure of horse race coverage and shift their focus: “Not the odds, but the stakes.” It became a mantra (and scorecard) among critics hoping for substantive coverage of the choice that Harris v. Trump 2.0 presented— “Not who has what chances of winning,” Rosen said, “but the consequences for American democracy.”
The prospect of a new Trump Administration calls for the next injunction, as transition reports ricochet between outlandish cabinet picks, mass deportation plans, crushing tariff schedules, cronyism, and enemies’ lists. We know much more now about Trump’s techniques, his circus acts and misdirection, and the public will be better served in 2025 by a new filter: “Not the threats, but the facts.”
Future events are notions, not news, and once the sirens become incessant, they are easily ignored. Some voters found comfort in noting “Trump was President once and nothing terrible happened”; they could brush past the pandemic body count and coup attempt and $8 trillion in added debt because many pundits predicted even worse.
Read More: Where Trump 2.0 Might Look Very Different From Trump 1.0
With a second term looming, journalists can waste enormous energy crafting worst case scenarios. Trump’s campaign evoked images of shattered families and concentration camps, troops in the streets, public executions and an assault on global trade that could wreak havoc on the U.S. economy. The threats alone have rattled world markets, inspired migrants to enlist lawyers, and Pentagon officials to explore what happens if a President orders soldiers to break the law. His victory has apparently taken a toll on the mental health of some substantial number of people; the next day MSNBC was posting advice on “How to Cope With Election Results” while therapists recommended self-care, journaling, deep breathing and limited news consumption—advice which some seem to have taken to heart; CNN and MSNBC saw their ratings drop in half post-election.
By failing to prepare, Ben Franklin said, you are preparing to fail, so a certain amount of attention to novel risks is warranted, just as a certain amount of coverage of polls and candidates and campaign tactics is appropriate during a campaign. But the key is proportion. Energy spent on fears that never materialize is worse than wasted: it secretes cynicism, suspicion, and surrender. Threats are theater, action invites accountability. Reporters are not tasked with being drama critics; their constitutionally protected function, more important now than ever, is holding the powerful to account for what they actually do, not what they say they will do or have done.
Donald Trump has raised to an art form the ability to make extravagant promises and then claim to have kept them, as if saying makes it so. His famous promise to Build The Wall yielded about 450 miles, of which about 50 was entirely new vs. reinforcing existing barriers. Mexico did not pay for any of it and he deported fewer people than President Obama. But given the Biden Administration’s flaccid border policy, Trump carried 89% of voters who ranked immigration as their top concern.
It’s a perfect trap: he thrills his fans by promising that he alone can do the radical thing that will Make America Great Again; attacks his enemies for trying to stop him when they warn of dire consequences; and then declares victory for renewed American Greatness with no bad side effects, which likely didn’t materialize mainly because he didn’t actually do the radical thing in the first place. As long as he drives experts and “elites” nuts, he wins whether he follows through or not.
Were Trump to carry out promises to deport 10 or 15 million undocumented people, it would not just ravage families, destroy communities and by some estimates cost upwards of $200 billion; it would also gut industries from construction to hospitality to agriculture while raising labor costs for businesses everywhere. And that assumes there are countries willing to absorb all those we deport. So the more logical scenario would be for the Administration to conduct a sufficiently theatrical series of raids and deportations and declare victory.
Read More: Trump Is Banned From Separating Families at the Border Again. Will He Fight It?
Across the board tariffs would be similarly ruinous for industries that rely on global partners for supplies; so the threats of 25% tariffs on all goods from Canada and Mexico, our two biggest trading partners, would crush carmakers, increase energy costs and and raise food prices—a majority of our fresh fruit and 69% of vegetables come from Mexico, as did 15% of cars sold in the U.S. last year.
Constant amplification of threats fuels what Yale historian Timothy Snyder calls “anticipatory obedience,” the lubricant of authoritarianism. Attacks on non-partisan civil servants inspire submission; threats against newsrooms invite self-censorship. When the spotlight is trained on the truths and tweets and late-night rants, it creates the conditions for misdirection, Trump triumphant in the center ring while elsewhere a new administration quietly subverts democratic norms and erodes the rule of law.
“When we freak out prospectively about things Trump says he’s going to do, we help him in two ways. 1. We help him sell the idea that he’s actually doing it, thus building his credibility with his voters. 2. We help restrain him from actually doing the thing, thus insulating him from the consequences of his proposals,” writes Jonathan Last, editor at the Bulwark. What’s needed, he argues, is an approach that lets voters know, or feel directly, the real effects of Trump’s policies: “In short, let people touch the stove.”
A focus on “not the threats, but the facts” would adjust press filters so that more attention is paid to what the new Administration actually does, specifically, at what scale, with what effects, rather than dwelling on threats, promises, guesstimates, and speculation. So if, at 11:59 pm before punishing tariffs are slated to go into effect, Trump declares that the border is sealed and drug smuggling ceased, Americans have the right to know if his threats worked. If he claims to have successfully deported two or ten million people, let’s check the accounting.
That reporting will take time, muscle, and discipline, especially in covering the intelligence and national security apparatus. But it will constitute a genuine public service—and might also help to rebuild trust in the media if less coverage involved prophecy and premonition. Given the aggressive cast of many of Trump’s cabinet choices, there will be plenty to cover in the present without presuming to know the future. And it may be that the greatest risks lie in the quiet corners and side deals and back channels both at home and abroad. Let’s shine the light where it’s needed most.
Nigerian TikTok sensation, Salo returns to social media following Lekki shooting incident, sparking widespread relief among fans.
Gistreel recalls that Salo was recently involved in a gunshot incident in Lekki and was rushed to Perez Medical Care Hospital in Lekki for emergency medical treatment.
Notably, award-winning Nollywood actress, Toyin Abraham, provided an update on Salo’s health, revealing that a total of ₦12 million has been spent so far, with additional financial support still required.
She extended her deepest gratitude to notable figures, including Zlatan, for their generous donations.
A recent clip health update revealed Salo to be in high spirits, conversing enthusiastically.
In the clip, Salo is seen lying in a hospital bed, accompanied by a woman who appears to be his mother, posing for the camera.
Watch the video below….
https://www.instagram.com/reel/DC9KPOlNr0f/?utm_source=ig_web_button_share_sheet
MELBOURNE, Australia — A social media ban for children under 16 passed the Australian Senate Thursday and will soon become a world-first law.
The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts.
The Senate passed the bill 34 votes to 19. The House of Representatives on Wednesday overwhelmingly approved the legislation by 102 votes to 13.
The House has yet to endorse opposition amendments made in the Senate. But that is a formality since the government has already agreed they will pass.
The platforms will have one year to work out how they could implement the ban before penalties are enforced.
Meta Platforms, which owns Facebook and Instagram, said the legislation had been “rushed.”
Digital Industry Group Inc., an advocate for the platforms in Australia, said questions remain about the law’s impact on children, its technical foundations and scope.
“The social media ban legislation has been released and passed within a week and, as a result, no one can confidently explain how it will work in practice – the community and platforms are in the dark about what exactly is required of them,” DIGI managing director Sunita Bose said in a statement.
The amendments bolster privacy protections. Platforms would not be allowed to compel users to provide government-issued identity documents including passports or driver’s licenses, nor could they demand digital identification through a government system.
The House is scheduled to pass the amendments on Friday. Critics of the legislation fear that banning young children from social media will impact the privacy of users who must establish they are older than 16.
While the major parties support the ban, many child welfare and mental health advocates are concerned about unintended consequences.
Sen. David Shoebridge, from the minority Greens party, said mental health experts agreed that the ban could dangerously isolate many children who used social media to find support.
“This policy will hurt vulnerable young people the most, especially in regional communities and especially the LGBTQI community, by cutting them off,” Shoebridge told the Senate.
Opposition Sen. Maria Kovacic said the bill was not radical but necessary. “The core focus of this legislation is simple: It demands that social media companies take reasonable steps to identify and remove underage users from their platforms,” Kovacic told the Senate.
“This is a responsibility these companies should have been fulfilling long ago, but for too long they have shirked these responsibilities in favor of profit,” she added.
Online safety campaigner Sonya Ryan, whose 15-year-old daughter Carly was murdered by a 50-year-old pedophile who pretended to be a teenager online, described the Senate vote as a “monumental moment in protecting our children from horrendous harms online.”
“It’s too late for my daughter, Carly, and the many other children who have suffered terribly and those who have lost their lives in Australia, but let us stand together on their behalf and embrace this together,” she told the AP in an email.
Wayne Holdsworth, whose teenage son Mac took his own life after falling victim to an online sextortion scam, had advocated for the age restriction and took pride in its passage.
“I have always been a proud Australian, but for me subsequent to today’s Senate decision, I am bursting with pride,” Holdsworth told the AP in an email.
Christopher Stone, executive director of Suicide Prevention Australia, the governing body for the suicide prevention sector, said the legislation failed to consider positive aspects of social media in supporting young people’s mental health and sense of connection.
“The government is running blindfolded into a brick wall by rushing this legislation. Young Australians deserve evidence-based policies, not decisions made in haste,” Stone said in a statement.
The platforms had complained that the law would be unworkable and had urged the Senate to delay the vote until at least June 2025 when a government-commissioned evaluation of age assurance technologies will report on how young children could be excluded.
“Naturally, we respect the laws decided by the Australian Parliament,” Facebook and Instagram owner Meta Platforms said in a statement. “However, we are concerned about the process which rushed the legislation through while failing to properly consider the evidence, what industry already does to ensure age-appropriate experiences, and the voices of young people.”
Critics argue the government is attempting to convince parents it is protecting their children ahead of a general election due by May. The government hopes that voters will reward it for responding to parents’ concerns about their children’s addiction to social media. Some argue the legislation could cause more harm than it prevents.
Criticisms include that the legislation was rushed through Parliament without adequate scrutiny, is ineffective, poses privacy risks for all users, and undermines the authority of parents to make decisions for their children.
Opponents also argue the ban would isolate children, deprive them of the positive aspects of social media, drive them to the dark web, discourage children too young for social media to report harm, and reduce incentives for platforms to improve online safety.
Jenn Tran & Devin Strader
Status: Split
During the season 21 finale of The Bachelorette, it looked like The Bachelor alum Jenn Tran was finally getting her happy ending with her final pick Devin Strader. But Jenn, 26, revealed on After the Final Rose back in September that Devin, 28, gave her the cold shoulder as soon as the cameras stopped rolling.
“He was making bold proclamations of love and then suddenly the next day he was like, nothing and he denied ever being in love,” Jenn told host Jesse Palmer during the Sept. 3 episode. “All the promises he had made to me, all of the love that he had wanted to give to me wasn’t there anymore.”
Drama continued to play out when Devin shared a 13-minute video recounting his side of the story to Instagram, where in addition to taking “accountability” he shared insight into why he ended the relationship in a 15-minute phone call.
While Jenn alleged he dumped her during the call in August, he claimed that Jenn demanded to know what was wrong as he tried to find a way to break the news in person.
“I didn’t really know what else to do,” he explained, noting he had been waiting to tell her in person. “She kind of forced my hand.”
Since then, Jenn waltzed over to Dancing With the Stars and possibly into the heart of her partner Sasha Farber as they have continued to spark romance rumors since their Oct. 29 elimination.
MELBOURNE, Australia — Australia’s House of Representatives on Wednesday passed a bill that would ban children younger than 16 years old from social media, leaving it to the Senate to finalize the world-first law.
The major parties backed the bill that would make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent young children from holding accounts.
The legislation passed 102 to 13. If the bill becomes law this week, the platforms would have one year to work out how to implement the age restrictions before the penalties are enforced.
Opposition lawmaker Dan Tehan told Parliament the government had agreed to accept amendments in the Senate that would bolster privacy protections. Platforms would not be allowed to compel users to provide government-issued identity documents including passports or driver’s licenses, nor could they demand digital identification through a government system.
“Will it be perfect? No. But is any law perfect? No, it’s not. But if it helps, even if it helps in just the smallest of ways, it will make a huge difference to people’s lives,” Tehan told Parliament.
The bill was introduced to the Senate late Wednesday but it adjourned for the day hours later without putting it to a vote. The legislation will likely be passed on Thursday, the Parliament’s final session for the year and potentially the last before elections, which are due within months.
The major parties’ support all but guarantees the legislation will pass in the Senate, where no party holds a majority of seats.
Lawmakers who were not aligned with either the government or the opposition were most critical of the legislation during debate on Tuesday and Wednesday.
Criticisms include that the legislation had been rushed through Parliament without adequate scrutiny, would not work, would create privacy risks for users of all ages and would take away parents’ authority to decide what’s best for their children.
Critics also argue the ban would isolate children, deprive them of positive aspects of social media, drive children to the dark web, make children too young for social media reluctant to report harms encountered, and take away incentives for platforms to make online spaces safer.
Independent lawmaker Zoe Daniel said the legislation would “make zero difference to the harms that are inherent to social media.”
“The true object of this legislation is not to make social media safe by design, but to make parents and voters feel like the government is doing something about it,” Daniel told Parliament.
“There is a reason why the government parades this legislation as world-leading, that’s because no other country wants to do it,” she added.
The platforms had asked for the vote to be delayed until at least June next year when a government-commissioned evaluation of age assurance technologies made its report on how the ban could be enforced.
Melbourne resident Wayne Holdsworth, whose 17-year-old son Mac took his own life last year after falling victim to an online sextortion scam, described the bill as “absolutely essential for the safety of our children.”
“It’s not the only thing that we need to do to protect them because education is the key, but to provide some immediate support for our children and parents to be able to manage this, it’s a great step,” the 65-year-old online safety campaigner told The Associated Press on Tuesday.
“And in my opinion, it’s the greatest time in our country’s history,” he added, referring to the pending legal reform.
MELBOURNE, Australia — How do you remove children from the harms of social media? Politically the answer appears simple in Australia, but practically the solution could be far more difficult.
The Australian government’s plan to ban children from social media platforms including X, TikTok, Facebook and Instagram until their 16th birthdays is politically popular. The opposition party says it would have done the same after winning elections due within months if the government hadn’t moved first.
The leaders of all eight Australian states and mainland territories have unanimously backed the plan, although Tasmania, the smallest state, would have preferred the threshold was set at 14.
But a vocal assortment of experts in the fields of technology and child welfare have responded with alarm. More than 140 such experts signed an open letter to Prime Minister Anthony Albanese condemning the 16-year age limit as “too blunt an instrument to address risks effectively.”
Details of how it will be implemented are scant. Lawmakers debated the bill in parliament this week, and it was expected to be passed into law with the support of major parties.
Here’s a look at how some Australians are viewing the issue.
The concerned teen
Leo Puglisi, a 17-year-old Melbourne student who founded online streaming service 6 News Australia at the age of 11, worries that lawmakers imposing the ban don’t understand social media as well as young people at home in the digital age.
“With respect to the government and prime minister, they didn’t grow up in the social media age, they’re not growing up in the social media age, and what a lot of people are failing to understand here is that, like it or not, social media is a part of people’s daily lives,” Leo said.
“It’s part of their communities, it’s part of work, it’s part of entertainment, it’s where they watch content – young people aren’t listening to the radio or reading newspapers or watching free-to-air TV – and so it can’t be ignored. The reality is this ban, if implemented, is just kicking the can down the road for when a young person goes on social media,” Leo added.
Leo has been applauded for his work online. He was a finalist in his home state Victoria’s nomination for the Young Australian of the Year award, which will be announced in January. His nomination bid credits his platform with “fostering a new generation of informed, critical thinkers.”
The grieving mom-turned-activist
One of the proposal’s supporters, cyber safety campaigner Sonya Ryan, knows personally how dangerous social media can be for children.
Her 15-year-old daughter Carly Ryan was murdered in 2007 in South Australia state by a 50-year-old pedophile who pretended to be a teenager online. In a grim milestone of the digital age, Carly was the first person in Australia to be killed by an online predator.
“Kids are being exposed to harmful pornography, they’re being fed misinformation, there are body image issues, there’s sextortion, online predators, bullying. There are so many different harms for them to try and manage and kids just don’t have the skills or the life experience to be able to manage those well,” Sonya Ryan said.
“The result of that is we’re losing our kids. Not only what happened to Carly, predatory behavior, but also we’re seeing an alarming rise in suicide of young people,” she added.
Sonya Ryan is part of a group advising the government on a national strategy to prevent and respond to child sexual abuse in Australia.
She wholeheartedly supports Australia setting the social media age limit at 16.
“We’re not going to get this perfect,” she said. “We have to make sure that there are mechanisms in place to deal with what we already have which is an anxious generation and an addicted generation of children to social media.”
A major concern for social media users of all ages is the legislation’s potential privacy implications.
Age estimation technology has proved inaccurate, so digital identification appears to be the most likely option for assuring a user is at least 16.
The skeptical internet expert
Tama Leaver, professor of internet studies at Curtin University, fears that the government will make the platforms hold the users’ identification data.
The government has already said the onus will be on the platforms, rather than on children or their parents, to ensure everyone meets the age limit.
“The worst possible outcome seems to be the one that the government may be inadvertently pushing towards, which would be that the social media platforms themselves would end up being the identity arbiter,” Leaver said.
“They would be the holder of identity documents which would be absolutely terrible because they have a fairly poor track record so far of holding on to personal data well,” he added.
The platforms will have a year once the legislation has become law to work out how the ban can be implemented.
Ryan, who divides her time between Adelaide in South Australia and Fort Worth, Texas, said privacy concerns should not stand in the way of removing children from social media.
“What is the cost if we don’t? If we don’t put the safety of our children ahead of profit and privacy?” she asked.
Lagos State Governor, Babajide Sanwo-Olu, has suspended his Senior Special Assistant on Print Media, Mr. Wale Ajetunmobi.
The announcement was made in a statement released on Tuesday morning by the Governor’s Special Adviser on Media and Publicity, Gboyega Akosile.
According to the statement, Ajetunmobi’s suspension was prompted by the misrepresentation of facts regarding a past incident, which he posted on his personal “X” account.
“The Governor wishes to state categorically that his administration frowns at any form of extra judicial punishment and will not be a part of any such action. That is not who we are. That is not our way,” the statement added.
The Lagos State House of Assembly on Monday deliberated on the 2025 appropriation bill of ₦3.005 trillion, which Governor Babajide Sanwo-Olu presented to the lawmakers last Thursday.
Speaker Mudashiru Obasa, who chaired the session, referred the bill to a joint committee on appropriation and finance for further review, instructing them to report back within one month.
Earlier, the Chairman of the House Committee on Budget and Economic Planning, Hon. Sa’ad Olumoh, presented a summary of the proposed expenditure, detailing the breakdown of items in the budget.
While raising concerns over the projection of N408 billion deficit financing in the budget, Olumoh, who noted that loans are good when used for the actual purposes, added: “We have to be cautious about it. We need to have a sustainable and pragmatic way of financing our budget so that we don’t rely solely on loans.
“So I would suggest that we look at a realistic budget and ways to finance it using alternatives like the Public Private Partnership models.
“I also want to implore my colleagues that for the purpose of the 2025 budget, we need to properly scrutinise it to prevent wastage.”
He commended the government for its intentions as stipulated in the budget estimate.
Metaplanet, a Japanese investment firm, has finalized a deal with BTC Media to launch Bitcoin Magazine in Japan. Announced on Monday, this partnership is set to provide high-quality, localized content for Japan’s growing Bitcoin community.
The magazine will feature interviews with key Japanese Bitcoin figures, special edition publications, and online sessions. The agreement was first introduced in July at the Bitcoin Conference in Nashville, where Donald Trump gave a keynote speech.
Now, Metaplanet is ready to bring Bitcoin Magazine Japan to the public in the first quarter of 2025. The company has already started hiring for roles in editorial, content creation, business management, and social media.
Bitcoin Magazine, founded in 2012 by Vitalik Buterin and others, was one of the first publications focused on Bitcoin. Now operated by BTC Media, it recently launched Bitcoin Magazine Pro, offering professional research and market analysis for Bitcoin and traditional finance.
In addition to the launch, Metaplanet is adjusting its corporate strategy to include Bitcoin as a key reserve asset. The move aims to tackle Japan’s economic challenges, including yen volatility and government debt. As of November 25, Metaplanet holds 1,142 Bitcoin, valued at approximately $111.7 million.
Bitcoin Magazine Japan is set to become a trusted source for Bitcoin news, analysis, and education in Japan, as the country’s role in global finance continues to grow.
Also Read: Metaplanet’s Stock Climbs 15% After Buying 124 Bitcoins
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