Headline

Pendulum: The Crucifixion of Abubakar Bukola Saraki

Published

7 years ago

July 27, 2018

Eric

By Dele Momodu

Fellow Nigerians, I thought the ancient tradition of nailing people considered enemies of persons or the State to the cross had long gone into antiquity and extinction, but I was wrong. The most famous crucifixion in human history was that of our Lord Jesus Christ, of course other lesser mortals have been crucified including the thieves who died on either side of Jesus Christ on the Appointed Day. I have decided to borrow this imagery and metaphor to describe what is currently happening to Nigeria’s Senate President, Dr Abubakar Bukola Saraki (ABS), at the moment. And it is so tragic. Before I go into the meat of my epistle, please, permit me to provide some background information on what I want to call the ABS saga.

My personal admiration for, and relative closeness to, ABS was largely influenced by two friends of mine. The first was the Publisher of Thisday newspapers, Nduka Obaigbena, while the second was the then Governor of Rivers State, Chibuike Rotimi Amaechi (CRA). Several times in the years of ABS as Governor of Kwara State, I had the chance of speaking with ABS on the phone, because Nduka would always ask me to speak with ABS anytime they were together. I loved his gentle mien and comportment. We also met at functions several times and he carried himself with confidence, grace and poise. He always looked like someone so meek and mild and could easily be underrated. I actually think that is his greatest strength and weapon.

ABS was a very powerful and influential Governor. He was self-assured and assertive. My good friend, Amaechi, or CRA for short, was very close to him and he actually took over from him as Chairman of the Nigeria Governors’ Forum. Their love and synergy were very infectious. I remember one afternoon I visited CRA at the Wheatbaker Hotel in Lagos. After our meeting, I asked when he would be going back to Port Harcourt and CRA told me he would have to wait for ABS to come first. I was impressed because they had a relationship that made them look like lovebirds. I also appreciated how they combined powerfully in support of Major General Muhammadu Buhari. They gave their lives, energy and resources to the Buhari cause. Of course, one cannot ignore the epic support given by Asiwaju Bola Ahmed Tinubu, Alhaji Atiku Abubakar, and some stupendously wealthy businessmen who donated generously to give Buhari a lifeline at the fourth time of asking!

I witnessed Saraki’s total commitment to Buhari and the Change Project on several occasions in his Ikoyi home. He mobilised a lot of his extensive network, especially in the business world, and they met as regularly as possible. I saw Aliko Dangote, Femi Otedola, CRA, Wale Tinubu, Muyiwa Bakare, and others brainstorm on not only supporting Buhari, but also their desire for a prosperous and safe Nigeria. They all wished and hoped that Buhari would step in as a father-figure to all and play the Mandela option in Nigeria, come to heal the wounds, unite Nigeria, provide enabling environment for business, banish the security problems and grow the economy. It was expected that the war against corruption would be fought differently and more professionally with more action and less noise, by identifying the culprits and going after their loot wherever they are kept and bring this back into the coffers of Nigeria. The old system of using the so-called anti-corruption war to witch-hunt perceived and imaginary enemies of government was supposed to be a thing of the past.

ABS provided a formidable base for Buhari during the APC Primaries in Lagos. He galvanised his entire staff of very young and brilliant guys to work sleeplessly and sort out Buhari’s logistical needs. I will never forget the dare-devilry of CRA and ABS. They played their last cards. I was an eye-witness.

After the primaries, CRA as Director General of the Buhari Presidential Campaign Organisation, and his friend, ABS, worked as if they were on a suicide mission. Their personal sacrifices inspired someone like me to give my little support for Buhari. I was also encouraged by the choice of Professor Yemi Osinbajo as Vice Presidential candidate, a man I expected to give the intellectual backing that was lacking in the Presidential candidate. Everything went well until individual ambitions and rumour-mongering crept in. People told Amaechi that he was betrayed by his friend Saraki who, as it went, told Buhari not to pick Amaechi as Vice President because of his tempestuous character. Unknown to both friends, some fifth columnists were out to destroy their beautiful tag-team so as to weaken their influence and indirectly weaken the new Presidency. There was also the talk that ABS wanted to be the Senate President desperately. Personally, I didn’t see what was wrong with anyone pursuing his dreams in life within the ambits of what is legal. After all, President Buhari himself did this and got lucky at the fourth attempt.

Let’s fast forward. Buhari won the election and we were all very elated. The next issue was how to select the principal officers of the National Assembly. Saraki obviously had eyed the Senate Presidency even before the elections were concluded. Tinubu’s camp that already had the Vice Presidency in its kitty but also wanted the number four slot for Femi Gbajabiamila as Speaker, Federal House of Representatives. Tinubu, it was alleged, similary wanted the number three spot of Senate President for his candidate from the North East Region. Members of the New PDP felt they were being left in the lurch. Interestingly, the President was playing elder Statesman by holding himself above the fray. He did not champion anybody from his CPC faction of APC for any of these Principal Offices. Meanwhile, CRA and ABS were no longer as chummy as before. Their combination would have been lethal, but their enemies had succeeded in driving a wedge between them and this was tearing them apart. It thus became a case of “everyone for himself and God for us all.”

I was in Abuja the day ABS was elected Senate President. I called on CRA and asked if he had congratulated his friend ABS, his answer was negative. We agreed to have breakfast the following morning at the Transcorp Hilton Hotel, Abuja. I asked CRA again about ABS, he said he had called him. I could see the reticence and reluctance in his attitude. For me, it was okay that he managed to fulfil all righteousness. I went in to see ABS at home to congratulate him on his victory. I was not happy that ABS and CRA were no longer close. This was their biggest undoing. Those who separated them knew what they were doing; the alliance had to be weakened, and they both became like orphans. Meanwhile, Tinubu’s gamble and opening gambit in the new administration had failed to win his faction of the APC the number three and four positions. Tinubu was livid and he felt ABS was treacherously elected and must be punished severely.

Unknown to Tinubu, the cabal didn’t want such avuncular power for him, that would presumably enable him to control the numbers two, three and four positions in the new government. As a matter of fact, the cabal were all out for him. Before one could say Jack Robinson, they created a gulf between the President and Tinubu. The interaction between the two kept dwindling. Not content with that, they also launched a major offensive against the Senate President at the Code of Conduct Tribunal. The aim was to weaken the other two strong factions of the APC so the President’s confederates could hold sway in all the necessary areas of the executive and the legislature. I wrote copiously and warned about the demonisation of Saraki. I also granted an interview in the Vanguard newspaper in which I admonished Tinubu not to join in the attempt to annihilate Saraki. From available evidence, I knew the case against Saraki was very weak and not sustainable in the court of Law. All that would happen would be to send some gullible people on a wild goose chase by portraying Saraki as the greatest enemy of Buhari and the nation. The strategy worked wonders, momentarily. Saraki knew no peace from then. His assailants wanted him to resign or be removed, by fire, by force. The few of us that openly declared that his travails were political also came under savage and rabid attacks from fiendish quarters. For three years running, Saraki has been on the cross.

He eventually won his case at the Supreme Court of Nigeria. Just before then, as if suspecting he would win, his enemies had erected another cross ready for him to bear, when the Nigerian Police alleged that they had linked him to a most terrible, heinous and very bloody armed robbery case in Offa, Kwara State. The Police sounded like he was definitely responsible for the dastardly operation. The Police are best advised to rise above partisanship and conduct their investigations in a transparent manner. That has not been the case so far and the Inspector-General of Police, Ibrahim Kpotun Idris, should not see this as an opportunity to exact revenge and pursue a personal vendetta that he believes may exist between him and the leadership of the Nigerian Senate. The sad thing in our country is that no one protects your innocence. You are tried and convicted summarily on the pages of newspapers, electronic and social media. There are more than enough people, who are not very busy, ready to carry out their nefarious attacks on you, whether innocent or not.

Saraki has suffered indeed. I don’t mind if I’m the only one willing to ask that he be allowed to prove his innocence instead of the mob attack in the print electronic and social media. What happened to our Christian and Muslim souls? What about the entrenched constitutional provision that a man is innocent until proven guilty. This debilitating bitterness will ultimately cripple Nigeria, not because Saraki is infallible, but because this kind of attitude and approach cannot augur well for our nascent democracy. This kill-and-go method to conflict resolution will hurt each and everyone of us at different stages. Buhari will leave power one day, if not next year, may be in 2023, which is just like the day after tomorrow in the eyes of God. Must we destroy everyone because of transient power. What shall it profit a man who wrecks an entire citizenry just to stay in power? Saraki’s latest headache seems easily traceable to his decision to join the Presidential race, which is not the birth-right of anybody. Whether he will actualise this decision by carrying on to the end is immaterial. The beauty of democracy is in allowing everyone to have a say and choice. When tomorrow comes, the seed of bitterness we sow today would be harvested by those close to us.

Before our very eyes, Yakubu Gowon, Olusegun Obasanjo, Shehu Shagari, Muhammadu Buhari, Ibrahim Babangida, late Sani Abacha, Abdulsalami Abubakar, Olusegun Obasanjo (again), Umaru Musa Yar’Adua, Goodluck Jonathan and now Buhari (also again), all ruled or governed. Minus Abacha and Yar’Adua, all these once powerful men are alive, but see how much almost all of them, bar Obasanjo, have diminished in status, stature and public reverence. No matter how long, all leaders, including Saraki, will leave the stage and end up the same way, unless they follow a path that will chart an enduring legacy. So why all the gra gra of gods with feet of clay? If we all remember tomorrow, we’ll pause for a moment and work on developing our nation instead of entrenching ourselves in power, as if that is all there is to life.

I need not say more…

Headline

Tinubu’s 2026 Budget Bad Omen for Nigerians – PDP

Published

2 days ago

December 21, 2025

Eric

By Eric Elezuo

The 2026 Appropriation Bill presented by President Bola Tinubu before a joint session of the National Assembly has been rated below par, and described as a bad omen for Nigerians, by the opposition Peoples Democratic Party (PDP).

The Tanimu Turaki-led Peoples Democratic Party (PDP) said on Friday that President Bola Tinubu’s 2026 budget would add to the sufferings of Nigeria rather than giving them any renewed hope or consolidation of economic reforms.

The party noted that there would be no renewed hope in an environment where hunger, insecurity and other forms of deprivation were the lot of Nigerians.

It cited the 2025 World Bank Poverty & Equity Brief, which placed more than 30.9% of Nigerians below the international extreme poverty line.

“This shows that there is growth without prosperity for our citizens, meaning that despite GDP growth, poverty remains endemic”, the National Publicity Secretary, Comrade Ini Ememobong, stated on Friday soon after Tinubu presented the 2026 Appropriation Bill of N58.18trillion to a joint session of the Senate and the House of Representatives in Abuja.

Ememobong noted: “The budget, which is themed ‘Budget of Consolidation, Renewed Resilience and Shared Prosperity’, claims that the economy is stabilising and promises shared prosperity.

“In response, we see it rather as a budget of consolidated renewed sufferings, because what Nigerians have witnessed since the birth of this administration is nothing but unmitigated hardship on the people, while the governing class relishes in affluence.

“Nigerians have suffered greatly from many economic woes under this administration.

“President Tinubu cited a 3.98% GDP growth rate as evidence of economic stabilisation under his administration.

“However, it is well established that economic growth alone does not and cannot guarantee improved living standards for citizens.

“According to the 2025 World Bank Poverty & Equity Brief, more than 30.9% of Nigerians live below the international extreme poverty line. This shows that there is growth without prosperity for our citizens, meaning that despite GDP growth, poverty remains endemic.

“This clearly indicates that whatever economic gains exist are not reaching the majority of Nigerians.”

The PDP rejected the President’s figures on economic progress, saying rather that Nigeria has been on rever gear.

“The President stated that the economy under his watch grew by 3.98% without stating the sectors that stimulated the growth or identifying those who benefitted from it. This figure reflects the economic decline the nation has suffered under the leadership of the APC-led Federal government when compared to the growth rate of 6.87% recorded in 2013(same period under the last PDP administration), which was driven largely by non-oil sectors such as agriculture and trade.

“Today, the President celebrates a 3.98% growth rate, whereas a reality check reveals excruciating hunger, a high cost of living, and other indices of economic hardship, which Nigerians are currently facing.

“While we acknowledge the security allocation in the 2026 budget, we must remind the government and Nigerians that allocation alone is insufficient.”

The party added, “We therefore, demand effective and transparent execution to ensure that security funding translates into tangible improvements -modern equipment, adequate ammunition, improved intelligence capabilities, and better welfare for security personnel who are currently engaged in different theatres of armed conflict, where criminal non-state actors are alleged to possess superior arms compared to our security forces.

“Overall, we are deeply concerned about the unapologetic admission by the President that the execution of the 2024 capital budget had been extended to December 2025, while the 2025 budget is still in force.

“This confirms the long-standing rumours of the concurrent operation of multiple budgets.

“This cannot be described as best practice, as every budget has a defined period of operation and no two budgets should operate concurrently. The operation of different budgets at the same time undermines fiscal discipline, transparency, and accountability. These multiple budgetary regimes show yet another unprecedented negative feat by this APC Bola Tinubu-led administration.

“We hereby call for increased transparency and accountability in the administration of the finances of our country, as these have been conspicuously absent so far under this administration.

“Financial accountability and transparency are critical to public trust-building and effective public administration.”

The budget with the theme, “Budget of consolidation, Renewed Resilience and Shared Prosperity”, is N3.19trillion higher than the N54.99trillion approved for 2025.

The key aggregates of the budget are expected revenue of N34.33trillion; debt servicing of N15.52trillion; recurrent (non‑debt) expenditure of N15.25trillion; capital expenditure of N26.08trillion; a deficit of N23.85trillion representing 4.28% of GDP.

In addition, the budget will be benchmarked at $64.85 per barrel of crude oil, daily oil production of 1.8million barrels and a dollar/naira exchange.

Below is the full presentation of Tinubu’s 2026 Budget:

FULL SPEECH BY PRESIDENT BOLA AHMED TINUBU AT THE PRESENTATION OF THE 2026 NATIONAL BUDGET

“Budget of Consolidation, Renewed Resilience and Shared Prosperity”

Distinguished Senate President,
Rt. Honourable Speaker and Honourable Members of the House of Representatives,
Distinguished Senators and Honourable Members of the National Assembly,
Fellow Nigerians,,

1. I am here today to fulfil an essential constitutional obligation by presenting the 2026 Appropriation Bill to this esteemed Joint Session of the National Assembly for your consideration.

2. This budget represents a defining moment in our national journey of reform and transformation. Over the last two and a half years, my government has methodically confronted long‑standing structural weaknesses, stabilised our economy, rebuilt confidence, and laid a durable foundation for the construction of a more resilient, inclusive, and dynamic Nigeria.

3. Though necessary, the reforms have not been painless. Families and businesses have faced pressure; established systems have been disrupted; and budget execution has been tested. I acknowledge these difficulties plainly. Yet, I am here, today, to assure Nigerians that their sacrifices are not in vain. The path of reform is seldom smooth, but it is the surest route to lasting stability and shared prosperity.

4. Today, I present a Budget that consolidates our gains, strengthens our resilience, and takes this country from out of the dark tunnel of hopelessness, from survival to growth.

5. The 2026 Budget is themed: “Budget of Consolidation, Renewed Resilience and Shared Prosperity”. It reflects our determination to lock in macroeconomic stability, deepen competitiveness, and ensure that growth translates into decent jobs, rising incomes, and a better quality of life across for every Nigerian.

6. Mr. Chairman, Leaders of the National Assembly, while the global outlook continues to improve, this Budget aims to further strengthen our Nigerian economy to benefit all our citizens.

7. I am encouraged that our reform efforts are already yielding measurable results:
1) Our economy grew by 3.98 per cent in Q3 2025, up from 3.86 per cent in Q3 2024.

2) Inflation has moderated for eight consecutive months, with headline inflation declining to 14.45 per cent in November 2025, from 24.23 per cent in March 2025. With stabilising food and energy prices, tighter monetary conditions, and improving supply responses, we expect the deflationary trend to persist over the 2026 horizon, barring major supply shocks.

3) Oil production has improved, supported by enhanced security, technology deployment, and sector reforms.

4) Non‑oil revenues have expanded significantly through better tax administration.

5) Investor confidence is returning, reflected in capital inflows, renewed project financing, and stronger private‑sector participation.

6) Our external reserves rose to a 7‑year high of about US47 billion dollars as of last month, providing over 10 months of import cover and a more substantial buffer against shocks.

8. These outcomes are not accidental or lucky. They are the consequence of our difficult policy choices. Our next objective is to deepen our gains in pursuit of enduring and inclusive prosperity.

9. Mr. Chairman, Distinguished Members, our 2025 budget implementation faced the realities of transition and competing execution demands. As of Q3 2025, we recorded:
• 18.6 trillion naira in revenue — representing 61% of our target; and
• 24.66 trillion naira in expenditure — representing 60% of our target.

10. Following the extension of the 2024 capital budget execution to December 2025, a total of 2.23 trillion naira was released for the implementation of 2024 capital projects as of June 2025.

11. While fiscal challenges persisted, the government met its key obligations. However, only 3.10 trillion naira — about 17.7% of the 2025 capital budget — was released as of Q3, reflecting the emphasis on completing priority 2024 capital projects during the transition period.

12. Let me be clear: 2026 will be a year of stronger discipline in budget execution. I have issued directives to the Honourable Minister of Finance and Coordinating Minister of the Economy, the Honourable Minister of Budget and Economic Planning, the Accountant‑General of the Federation, and the Director‑General of the Budget Office of the Federation to ensure that the 2026 Budget is implemented strictly in line with the appropriated details and timelines.

13. We expect improved revenue performance through the new National Tax Acts and the ongoing reforms in the oil and gas sector — reforms designed not merely to raise revenue, but to drive transparency, efficiency, fairness, and long‑term value in our fiscal architecture.

14. I have also provided clear and direct guidance regarding Government‑Owned Enterprises. Heads of all agencies have been directed to meet their assigned revenue targets. To support this, we will deploy end‑to‑end digitisation of revenue mobilisation — standardised e‑collections, interoperable payment rails, automated reconciliation, data‑driven risk profiling, and real‑time performance dashboards — so leakages are sealed, compliance is verifiable, and remittances are prompt. These targets will form core components of performance evaluations and institutional scorecards. Nigeria can no longer afford leakages, inefficiencies, or underperformance in strategic agencies. Every institution must play its part.

15. Mr Chairman and fellow Nigerians, the 2026 Budget is guided by four clear objectives:
1) Consolidate macroeconomic stability;
2) Improve the business and investment environment;
3) Promote job‑rich growth and reduce poverty; and
4) Strengthen human capital development while protecting the vulnerable.

16. In short: we will spend with purpose, manage debt with discipline, and pursue broad-based, sustainable growth.

17. Distinguished Members, the 2026 Federal Budget is anchored on realism, prudence, and growth.

18. The key aggregates are as follows:
1) Expected total revenue is 34.33 trillion naira.
2) Projected total expenditure is 58.18 trillion naira, including 15.52 trillion naira for debt servicing.
3) Recurrent (non‑debt) expenditure is 15.25 trillion naira.
4) Capital expenditure will be 26.08 trillion.
5) The Budget deficit is expected to be 23.85 trillion naira, representing 4.28% of GDP.

19. These numbers are not mere accounting lines. They are a statement of national priorities. We remain firmly committed to fiscal sustainability, debt transparency, and value‑for‑money spending.

20. The 2026–2028 Medium‑Term Expenditure Framework and Fiscal Strategy Paper sets the parameters for this Budget. Our projections are based on:
1) a conservative crude oil benchmark of US64.85 dollars per barrel;
2) crude oil production of 1.84 million barrels per day; and
3) an average exchange rate of 1,400 naira to the US Dollar for the 2026 fiscal year.

21. We will continue to reduce waste, strengthen controls, and ensure that every naira borrowed or spent delivers measurable public value.

22. Our allocations reflect the Renewed Hope Agenda and the practical needs of Nigerians. Key sectoral provisions include:
1) Defence and security: 5.41 trillion naira
2) Infrastructure: 3.56 trillion naira
3) Education: 3.52 trillion naira
4) Health: 2.48 trillion naira

23. These priorities are interlinked. Without security, investment will not thrive. Without educated and healthy citizens, productivity will not rise. Without infrastructure, jobs and enterprises will not scale. This Budget is, therefore, designed to provide a single, coherent programme of national renewal.

A. National Security and Peacebuilding
24. National Security remains the foundation of development. The 2026 Budget strengthens support for:
• modernisation of the Armed Forces;
• intelligence‑driven policing and joint operations;
• border security and technology‑enabled surveillance; and
• community‑based peacebuilding and conflict prevention.

25. We will invest in security with clear accountability for outcomes — because security spending must deliver results. To secure our country, our priority will remain on increasing the fighting capability of our armed forces and other security agencies and boosting the effectiveness of our fighting forces with cutting-edge equipment and other hardware.

26. We will usher in a new era of criminal justice. We will show no mercy to those who commit or support acts of terrorism, banditry, kidnapping for ransom and other violent crimes.

27. Our administration is resetting the national security architecture and establishing a new national counterterrorism doctrine — a holistic redesign anchored on unified command, intelligence gathering, community stability, and counter – insurgency. This new doctrine will fundamentally change how we confront terrorism and other violent crimes.

28. Under this new architecture, any armed group or gun-wielding non-state actors operating outside state authority will be regarded as terrorists.

29. Bandits, militias, armed gangs, armed robbers, violent cults, forest-based armed groups and foreign-linked mercenaries will all be targeted. We will go after all those who perpetrate violence for political or sectarian ends, along with those who finance and facilitate their evil schemes.

B. Human Capital Development: Education and Health
30. No nation can grow beyond the quality of its people. The 2026 Budget strengthens investments in education, skills, healthcare, and social protection.

31. In education, we are expanding access to higher education through the Nigerian Education Loan Fund. Over seven hundred and eighty eight thousand students have been supported, in partnership with two hundred and twenty nine tertiary institutions nationwide.

32. In healthcare, I am pleased to highlight that investment in healthcare is 6 per cent of the total budget size, net of liabilities.

33. We also appreciate the support of international partners. Recent high‑level engagements with the Government of the United States have opened the door to over 500 million United States dollars for health interventions across Nigeria. We welcome this partnership and assure Nigerians that these resources will be deployed transparently and effectively.

C. Infrastructure and Economic Productivity
34. Across the nation, projects of all shapes and sizes are moving from vision to reality. These include transport and energy infrastructure, port modernisation, agricultural reforms, and strategic investments to unlock private capital.

35. We will take decisive steps to strengthen agricultural markets. Food security shall remain a national priority. The 2026 Budget focuses on input financing and mechanisation; irrigation and climate‑resilient agriculture; storage and processing; and agro‑value chains.

36. These measures will reduce post‑harvest losses, improve incomes for small holders, deepen agro‑industrialisation, and build a more resilient, diversified economy.
37. In 2026, the Bank of Agriculture plans to plant confidence back into our soil; mechanising through seven regional hubs, protecting harvests with fair prices and substantial reserves, providing affordable finance to millions of small holders and growing export value. Under the plan, Nigerian farmers will cultivate one million hectares, create hundreds of thousands of jobs, and prove that prosperity can rise through better use of our God given land.

D. Procurement
38. Starting in November last year, the government has embarked upon a comprehensive framework of procurement reforms. These reforms have enhanced efficiency and generated significant cost savings for the government, resulting in resulting in reduced processing times for Government contracts and better enforcement procedures directed against erring contractors and government officials.

39. Our Nigeria First Policy has been established to encourage self-sufficiency and sustainable growth within Nigeria by promoting domestic products and businesses. By mandating that all Ministries, Departments, and Agencies (MDAs) consider Nigerian-made goods and local companies as their primary option, the policy aims to support local industries, create job opportunities, and reduce dependency on imported items. This bold new approach is expected to enhance the competitiveness of Nigerian enterprises, foster innovation, and ultimately contribute to the country’s overall economic development.

40. Distinguished Members and fellow Nigerians, the most significant budget is not the one we announce. It is the one we deliver.

41. Therefore, 2026 will be guided by three practical commitments:
1) Better revenue mobilisation through efficiency, transparency, and compliance.
2) Better spending by prioritising projects that can be completed, measured, and felt by citizens.
3) Better accountability through strengthening of procurement discipline, monitoring, and reporting.

42. We will build trust by matching our words with results, and our allocations with outcomes.

43. Distinguished Members of the National Assembly, fellow Nigerians, the 2026 Budget is not a budget of promises; it is a Budget of consolidation, renewed resilience and shared prosperity. It builds on the reforms of the past two and a half years, addresses emerging challenges, and sets a clear path towards a more secure, more competitive, more equitable, and more hopeful Nigeria.

44. I commend the people of this country for their understanding and resilience. My administration remains committed to easing the burdens of the transition to a more stable and prosperous nation. We promise to make sure that the benefits of reform reach households and communities across the Federation.

45. In united purpose between the Executive and the Legislature; and with the resilience of the Nigerian people, we will deliver the full promise of the Renewed Hope Agenda.

46. It is, therefore, with great pleasure that I lay before this distinguished Joint Session of the National Assembly; the 2026 Appropriation Bill of the Federal Republic of Nigeria, titled: “Budget of Consolidation, Renewed Resilience and Shared Prosperity”. I seek your partnership in charting the nation’s fiscal course for the coming year.

47. May God bless the Federal Republic of Nigeria.

48. Thank you.

Bola Ahmed Tinubu, GCFR
President, Commander-in-Chief of The Armed Forces,
Federal Republic of Nigeria

Headline

Insecurity: Akpabio Begs Tinubu to Reinstate Police Orderlies for NASS Members

Published

3 days ago

December 20, 2025

Eric

Senate President, Godswill Akpabio, has appealed to President Bola Tinubu to reconsider the directive withdrawing police orderlies from members of the National Assembly, citing safety concerns.

Akpabio made the appeal during the presentation of the 2026 budget to a joint session of the National Assembly, by President Tinubu, warning that some lawmakers fear they might be unable to return home safely following the withdrawal.

His said: “As we direct the security agencies to withdraw policemen from critical areas, some of the National Assembly said I should let you know they may not be able to go home today.

“On that note, we plead with Mr. President for a review of the decision.”

President Tinubu, on November 23, ordered the withdrawal of police officers attached to Very Important Persons (VIPs), directing that they be redeployed to core policing duties across the country.

According to Bayo Onanuga, Special Adviser to the President on Information and Strategy, Tinubu issued the directive after a security meeting with Service Chiefs and the Director-General of the Department of State Services (DSS) following heightened security issues in the country.

Under the order, VIPs requiring security are to seek protection from the Nigeria Security and Civil Defence Corps, as the Federal government seeks to boost police presence in communities, particularly in remote areas grappling with insecurity.

Tinubu later reaffirmed the directive on December 10, moments before presiding over the Federal Executive Council, expressing frustration over delays in implementation.

He instructed the Minister of Interior, Olubunmi Tunji-Ojo, to work with the Inspector-General of Police (IGP), Kayode Egbetokun, and the Civil Defence Corps to immediately replace withdrawn escorts to avoid exposing individuals to danger.

“I honestly believe in what I said…It should be effected. If you have any problem because of the nature of your assignment, contact the IGP and get my clearance,” Tinubu said.

“The minister of interior should liaise IG and the Civil Defence structure to replace those police officers who are on special security duties.

“So that you don’t leave people exposed,” he said.

Headline

Defence Gulps Lion Share As Tinubu Presents N58.47trn 2026 Budget to NASS

Published

4 days ago

December 19, 2025

Eric

President Bola Tinubu has presented a budget of N58.47 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at N15.25 trillion.

Tinubu presented the budget on Friday, pegging the capital expenditure at N26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel.

He said the expected total revenue is N34.33 trillion, projected total expenditure: N58.18 trillion, including N15.52 trillion for debt servicing. The budget is N23.85 trillion, representing 4.28% of GDP.

The budget was anchored on a crude oil production of 1.84 million barrels per day, and an exchange rate of N1,400 to the US Dollar for the 2026 fiscal year.

In terms of sectoral allocation, defence and security took the lion’s share with N 5.41 trillion, followed by infrastructure at N3.56 trillion.