Headline

Pendulum: Are Nigerian Youths Truly Ready to Run or Just Ranting?

Published

7 years ago

September 7, 2018

Eric

By Dele Momodu

Fellow Nigerians, let me start on a personal note today by repeating a story you are probably familiar with. Anyone who has followed my trajectory a bit would have heard this story for the umpteenth time. I moved to Lagos from the ancient city of Ile-Ife in 1988 at the age of 28. I had spent most of my adult life in the historic township but suddenly reached a dead end when I could not even find a job of a teacher, with a Master’s degree in Literature-in-English. All my friends had something to do except me. It wasn’t that I was dull or lazy, but there was embargo on appointments and promotions in higher institutions at the time.

Let’s now fast forward. I started writing articles at the behest of my best friend, Prince Adedamola Aderemi, who was teaching Law at the Obafemi Awolowo University and my pieces soon ignited fire in the Sunday Tribune and The Guardian and I became known here and there. Due to joblessness, I was advised to try my luck elsewhere in Ibadan or Lagos. My preference was to work at The Guardian newspapers, but I couldn’t secure a job at Rutam House. I was then introduced by my late friend, Onukaba Adinoyi-Ojo to the Editor of African Concord magazine, Lewis Obi, who agreed to employ me instantly. But this is not the main story. The meat of it is that I was reluctant to work at Concord Group, which was owned by Chief Moshood Abiola. And my grouse was based totally on unsubstantiated stereotyping and false stories that ignited raw sentiment and foolish emotion in me.

Chief Abiola had been demonised by several powerful forces. His major offence was his opposition to Chief Obafemi Awolowo’s Presidential ambition in 1979, and the role played by the Concord media conglomerate in not supporting a man who was practically deified in Yorubaland. Abiola was thus seen to have committed heresy and had to be nailed to the cross. But by far the most potent and lethal attack came from the one and only irrepressible Fela Anikulapo Kuti, who produced and released a monster hit, International Thief Thief, in which he called Chief Abiola all manner of unprintable names. I still don’t have details of what led to their skirmishes. Of course, as a Fela devotee, we never saw anything good in Abiola thereafter, and we blocked our minds to ever liking a man who we were told was an oppressor, a religious fanatic and a looter of Nigeria’s wealth. We never bothered to crosscheck the facts or fiction but we believed everything hook, line and sinker. Truth was I secretly admired the man and wished I could be like him but hearsay made us dislike him. It was hunger that saved me from hating a man I did not know.

The first lesson I learnt was that hunger does not discriminate. There is a Yoruba saying that “when you are hungry enough, you will accept food from your enemy.” I was too hungry for a job to have a choice, so I accepted the Concord offer most reluctantly but with automatic alacrity. The second lesson came after I resumed work at Concord. Contrary to the rumour that Chief Abiola was a religious bigot, I discovered that he was too liberal to force his faith on anyone or group. He was totally detribalised and gave everyone his due. The closer I got to him, the more I gained insight into one of the greatest Nigerians that ever lived. I became a fan, and later his adopted son. I decided to join hands with others to rescue his battered reputation which were actually firmly rooted on the altar of politics and personal squabbles. It was such an uphill task because negative perception is often most difficult to change. But I thank God for the uncommon opportunity to come close to Chief Abiola, a rare privilege that made it possible for me to purge my mind and soul of acquired and accumulated bile.

Since then, I have remained on the side of caution and tolerance. Journalism has also taught me to mellow down my temperament in dealing with people. I have imbibed the legal aphorisms that you must always listen to the other side and that a man is innocent until proven guilty. Moreover, I have been able to differentiate between my routine job and my personal opinion. I realised that many journalists have failed, and still failing spectacularly, because they could not distinguish between the business of journalism and their personal sentiments. For example, journalists are seen and expected to be the lamb of God who take away the sins of the world while all other professions and careers are at liberty to do business with everyone, including saints and sinners. The fact that Thisday or Punch newspapers report government activities daily or transact business with different governments does not mean they can’t write opinions and editorials against the same government they had promoted or projected, if and when the government is misbehaving. It is the height of illiteracy, and hypocrisy, to treat the people you criticise as enemies and vice versa. The very essence of freedom of speech and democracy is to speak to power as a corrective measure and not as vendetta. Thereafter, you must let the music play on.

My major baptism of fire came after Ovation International agreed to cover the weddings of General Sani Abacha’s daughters, Zainab and Gumsu, in Kano. Many people queried why I would attend the event of a family that nearly ruined my family and many others. I was expected to remain eternally bitter and vengeful and not many realised that I had a job to do, dispassionately, and that vengeance belonged to God. On a lighter and positive note, the Abacha government did me a favour by forcing me out of Nigeria. Ovation would never have been born if I was not in exile. Such is life. Yet someone said Ovation must die for committing such hara-kiri by attending the wedding that was covered by virtually all media organisations in Nigeria. I have great news for you. Despite the blistering attacks, Ovation did not just survive, we sold out completely. Both friends and enemies of the Abacha family wanted to see the content of that special edition that warranted and attracted such fatwa. The ways of God are not the ways of Man.

Later as I came across several books and articles on the life of The Madiba, Nelson Mandela, I could not imagine how a man who spent 27 years in prison could come out of jail, become President and yet display such unprecedented magnanimity by eschewing every act of vindictiveness and vengeance. I was so touched and realised the true worth of a Christian life is that he must forgive his enemies seventy times seven times, according to the instructions of our Lord Jesus Christ. The main lesson I wish to draw our attention to is that being bitter, oftentimes, is a waste of time and energy. Many things can be achieved through passive resistance and gentle persuasion.

The aggression and anger I see all around today is the main reason for this epistle and sermon. Many of our youths have lost it. The only form of expression they love and enjoy is to hide behind computers and smartphones to launch unbelievable attacks on people they see as their enemies. It does not matter if they lack any iota of proof or evidence, everyone, every politician, every successful man, even if he has never served in government or received contract awards, every journalist who cannot practise kill-and-go type of journalism is their enemy. Every interview or report on someone they don’t like, and don’t want to read about, attracts verbal and written assaults. Logic has been thrown to the dogs. Too many incoherent analyses have taken over. Many are experts in every topic or subject. Suddenly, the elders know nothing, but the kids know everything. This development should be worrisome to all right-thinking people. Cyber-thuggery has virtually and finally taken over.

The new trend is that politicians no longer campaign with facts about their performance. Their efficacious strategy is to set the proletariat against the privilegentsia, by telling the poor that the rich is the reason they are impoverished. People have been so brainwashed that many have stopped aspiring to greatness because of this glamorisation of poverty. Gone are the days when leaders promoted prosperity and downplayed penury but today politicians gloat about how they have succeeded in killing the businesses of corrupt people with the attendant collateral damages to millions of dependants and the nation. In branding, whatever you emphasise about yourself repeatedly is what would be remembered about you subsequently. Yet government is not able to provide alternative means of livelihood to those multitude of paupers roaming the streets. Government may win elections using this crude methodology but the country will ultimately lose the battle to terrorism and self-immolating violence.The young men and women who assist government in perpetuating this parody are merely doing themselves a great disservice. The jobs, and the good life they desperately crave will never come when the economy ultimately collapses on all due to unguarded utterances. I’m yet to see any country that deliberately de-markets, and unrepentantly scandalises, itself like Nigeria.

Our youths who have been moaning that they are “not too young to rule” would rather dissipate energy and resources on wars of attrition instead of working hard on how to take power from the ancient leaders they’ve always grumbled about. The enemies of the youths are the youths themselves. The old people have mastered how to keep them manacled and enslaved perpetually. The youths would never support any of their own. When you aspire to the highest office, the same youths would say you are too young and inexperienced. If you plead for donations, they would ask why you want to contest when you have no money of yours or even ask you to pay for their support. If you ask the youths to step down for one of their strongest aspirants, they would refuse even if they already signed a memo of understanding to agree on a consensus candidate. If you ask them to follow a young man who has sufficient experience and exposure to modern ways of running a democratic government, they will tell you he is a rogue and looter (the most abused word in the Nigerian lexicon) and cannot be trusted with power, as if nations are governed by saints and not by performers. When you lose election, the same youths will tease you endlessly about how many votes you got, as if that would improve their lives. There is nothing you can do or try that would please the generality of our youths. It is like we have been completely hypnotised and mesmerised and sentenced to eternal servitude. Or could it be a curse?

Nigeria parades some of the most brilliant youths on earth but we have not been able to propel one to the highest office like America did for a first generation American, who was in his early forties, Barack Obama. From what I foresee, in the near future, Nigerian youths are neither ready nor prepared to grab the mantle of leadership from the geriatric generation they claim to loathe but obviously love and support, blindly or inadvertently.

Really tragic.

AT HOME WITH THE GOVERNOR OF NAIROBI MIKE SONKO

I was honoured to be invited to the country home of the Governor of Nairobi, Hon. Mike Sonko. The occasion was the third memorial service for his beloved dad, Mr Gideon Kioko Kivanguli (1949-2015). I was privileged to lay the wreath at a special mausoleum constructed for the great man.

I’ve been in Kenya countless times and have met several politicians, including the Vice President, Mr William Ruto (born December 21, 1966). I’m yet to meet the the two term President, Mr Uhuru Muigai Kenyatta, a businessman, and son of Kenya’s first President, Pa Jomo Kenyatta, who was born on October 26, 1961. I’m older than both of them. No matter my experience or exposure and personal success in my chosen career, it would be difficult, if not near impossible, to attain such spectacular feats in my dear country Nigeria. Kenyans did not vote for them, twice, because they thought they were saints from heaven. Kenyans voted because they represent the future they envisage for their country. As a matter of fact, both leaders attracted so much controversies before attaining power, but they managed to weather the storm. You must salute their wisdom in reaching out to the Opposition and healing their divided nation.

As for the Governor of Nairobi, he was born on February 27, 1975, a year before I wrote my WAEC examination. He was also a businessman before he ventured into politics. He controls the Kenya’s largest city, a megacity like Lagos State in Nigeria. His popularity is unbelievable. He loves Nigeria very dearly and hopes to tap into the boundless energy and the never-say-die spirit of Nigerians. I was touched by his respect and kind and generous words for Nigeria, and Lagos city in particular. He told me he has heard so much about the ongoing beautification in Lagos and he looks forward to linking up with his counterpart, Governor Akinwunmi Ambode, in the near future.

I met several other young politicians in the course of my visit this week, and it was such an eye opener. I’m hoping that our own youths would end their complacency and take the bull by the horns.

It is not impossible…

Headline

Tinubu’s 2026 Budget Bad Omen for Nigerians – PDP

Published

16 hours 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

2 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

2 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.