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Breakdown of Controversial 2019 Election Budget at a Glance

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The Federal Government budgeted N242.45 billion for the execution of the 2019 general elections to be conducted by the Independent National Electoral Commission, INEC.

President Muhammadu Buhari made this known in a letter sent to the National Assembly for scrutiny and approval of the sum which will be drawn from the 2018 and 2019 budgets, shortly before they went on recess

Buhari urged the lawmakers to remove projects earlier inserted into the budget and replace them with priority projects as contained in the original bill. However, the passing of the budget bill has continually hit brick wall as a combination of time, suspicion and political intrigues has been its bane.

After days of postponement and dilly dallying, a joint House Committee was set up to consider the budget, but like everything that came from the executive, the House uncovered areas where items were duplicated. So far, no progress has been made to give the budget a clean bill of health.

Here, once again, is the breakdown of the 2019 election spending proposal:

Independent National Electoral Commission, INEC

2018 supplementary – N143, 512, 529, 445

2019 budget – N45, 695, 015,438

Total: N189, 207, 544, 893

Office of the National Security Adviser

2018 supplementary – N3, 855, 500, 000

2019 budget – N426, 000, 000

Total – N4, 281, 500,000

Department of State Security

2018 supplementary – N2, 903, 638, 000

2019 budget – N9,309,644,455

Total – N12, 213, 282, 455

Nigeria Security and Civil Defence Corps

2018 supplementary – N1, 845, 597, 000

2019 budget – N1, 727, 997, 500

Total – N3, 573, 534, 500

Nigeria Police

2018 supplementary – N11, 457, 417, 432

2019 budget – N19, 083, 900, 000

Total – N30, 541, 317, 432

Nigeria Immigration Service

2018 supplementary – N530, 110, 078

2019 budget – N2, 098,033, 142

Total – N2, 628, 143, 320

The Total amount for the election

2018 supplementary – N164, 104, 792, 065

2019 budget – N78, 314, 530, 535

 Grant Total – N242, 445, 322, 600

A further breakdown of the 2018 virement proposal contains as follows: N310 million for the NSCDC to feed and administer drugs to dogs that will be deployed in states for the 2019 elections; N7 million for the police to feed 50 horses that would be used for patrol during the elections, which will take place between February 16 and March 2, 2019; N499.5 million for hiring of speedboats; N87.5 million by the police for the maintenance of aircraft and N407 million for maintenance of the vehicles to be used for election monitoring; and N126 million by the Nigerian Immigration Service for printing name tags for its personnel that would be involved in the elections while N166 million was requested for pre-election training, among other sundry items.

A majority of Nigerians have however, condemned the proposal as being ‘too much’.

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US Cancels Visa Processing for Nigeria, Brazil, Russia, 72 Other Countries

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The Trump administration is suspending all visa processing for applicants from 75 countries, a State Department spokesperson said on Wednesday.
The spokesperson did not elaborate on the plan, first reported by Fox News, which cited a State Department memo.
The pause will begin on January 21, Fox News said.
Somalia, Russia, Iran, Afghanistan, Brazil, Nigeria, Thailand are among the affected countries, according to the report.
The memo directs U.S. embassies to refuse visas under existing law while the department reassesses its procedures. No time frame was provided.
The reported pause comes amid the sweeping immigration crackdown pursued by Republican U.S. President Donald Trump since taking office last January.
In November, Trump had vowed to “permanently pause” migration from all “Third World Countries” following a shooting near the White House by an Afghan national that killed a National Guard member.
Source: Reuters

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‘A Friend of a Thief is a Thief’, Defence Minister Warns Gumi, Other Bandit-Sympathizers

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The Minister of Defence Minister, Lt.-Gen. Christopher Musa, (rtd), has warned Sheikh Ahmed Gumi and other persons in the country against including bandits in northern brotherhood.

General Musa, via a statement on Wednesday in Maiduguri, declared: “A friend of a thief is a thief,” warning Nigerians against supporting terrorists and bandits in any form.

He said that the warning statement is neither accidental nor symbolic; explaining that it is a clear response to narratives previously promoted by Sheikh Gumi, who described bandits’ hiding in the bush as “our brothers” and argued that society cannot do without them.

General Musa’s message draws a firm line between compassion and complicity. While empathy has its place, justifying or normalising terrorism only strengthens criminal networks that have devastated communities, displaced families, and claimed innocent lives.

Labeling bandit as “brothers” does not reduce violence it legitimizes and undermines national security efforts.

The Defence minister’s warning serves as a reminder that terrorism thrives not only on weapons but also on moral cover. Anyone who excuses, defends, or shields criminals through words, influence, or silence shares responsibility for the consequences. In matters of national security, neutrality is not an option.

Nigeria cannot defeat banditry and terrorism while dangerous rhetoric blurs the line between victims and perpetrators. The choice is clear: stand with the law and the nation, or be counted among those enabling crime.

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Strategy and Sovereignty: Inside Adenuga’s Oil Deal of the Decade

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By Michael Abimboye

In global energy circles, the most consequential deals are often not the loudest. They unfold quietly, reshape portfolios, recalibrate value, and only later reveal their full significance.

The recent strategic transaction between Conoil Producing Limited and TotalEnergies belongs firmly in that category. A deal whose implications stretch beyond balance sheets into Nigeria’s long-troubled oil production narrative.

For Mike Adenuga, named The Boss of the Year 2025 by The Boss Newspapers, the agreement is more than a corporate milestone. It is the culmination of a long-term upstream strategy that is now translating into hard value barrels, cash flow, and renewed confidence in indigenous capacity.

At the heart of the transaction is a portfolio rebalancing agreement that sees TotalEnergies deepen its interest in an offshore asset while Conoil consolidates full ownership of a producing block critical to its medium-term growth trajectory. The parties have not publicly disclosed the monetary value, industry analysts place similar offshore and shallow-water asset transfers in the high hundreds of millions of dollars, depending on reserve certification and development timelines. What is indisputable, however, is the deal’s structural clarity: each partner exits with assets aligned to its strategic strengths.

For Conoil, the transaction represents something more profound than asset shuffling. It is the validation of an indigenous oil company’s ability to operate, produce, and partner at scale. That validation was already underway in 2024, when Conoil achieved a landmark breakthrough: the successful production and export of Obodo crude, a new Nigerian crude blend from its onshore acreage.

In a country where new crude streams have become rare, Obodo’s emergence signalled operational maturity. More importantly, it shifted Conoil from being perceived primarily as a downstream and marginal upstream player into a full-spectrum producer with export-grade assets.

The commercial impact was immediate. Obodo crude enhanced Conoil’s revenue profile, strengthened cash flows, and materially improved the company’s asset valuation.

For Mike Adenuga, Obodo represented something else entirely: oil income with scale and durability. Producing crude shifts wealth from theoretical to realised. It is the difference between potential and proof.

That momentum was reinforced by Conoil’s acquisition of a new drilling rig, a move that underscored its intent to control not just resources, but execution. In an industry where rig availability often dictates production timelines, owning modern drilling capacity gives Conoil a strategic advantage lowering costs, reducing dependency, and accelerating development cycles. It also enhances the company’s bargaining power in partnerships such as the one with TotalEnergies.

Taken together, the Obodo crude success, the rig acquisition, and the TotalEnergies transaction, these moves materially expand Conoil’s enterprise value. While private company valuations remain opaque, upstream assets with proven production, infrastructure control, and international partnerships typically command significant multiple expansion. For Adenuga, all of these represents a stabilising and appreciating pillar of wealth.

As The Boss Newspapers honours Mike Adenuga as Boss of the Year 2025, the recognition lands at a moment when his oil ambitions are no longer peripheral to his legacy. They are central. In Obodo crude, in steel rigs, and in carefully negotiated partnerships, Adenuga is shaping a version of Nigerian capitalism that privileges patience, scale, and execution over spectacle.

In the end, the most powerful statement of wealth is not net worth rankings or headlines. It is the ability to convert strategy into assets, assets into production, and production into national relevance. On that score, the Conoil–TotalEnergies deal may well stand as one of the most consequential chapters in Mike Adenuga’s business story and in Nigeria’s evolving oil future.

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