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Today, Another Abacha Era is Here, Obasanjo Knocks Buhari’s Govt, INEC
Published
7 years agoon
By
Eric
By Eric Elezuo
A former President, Chief Olusegun Obasanjo, has once again expressed his disgust at the government of President Muhammadu Buhari, saying that the present administration is nothing short of another ‘Abacha era’.
“Today, another Abacha Era is here. The security institutions are being misused to fight all critics and opponents of Buhari and to derail our fledgling democracy. EFCC, Police and Code of Conduct Tribunal are also being equally misused to deal with those Buhari sees as enemies for criticising him or as those who may not do his bidding in manipulating election results,” Obasanjo stated.
He added: “It is clear from all indications that Buhari is putting into practice the lessons he learned from Abacha. Buhari has intimidated and harassed the private sector, attacked the National Assembly and now unconstitutionally and recklessly attacked and intimidated the Judiciary to cow them to submission,” Obasanjo said.
Among other things, the former President lashed out at the Independent National Electoral Commission, saying that he has “serious doubt about the present INEC’s integrity, impartiality and competence to conduct a fair, free and credible election.”
He also wondered if the INEC is willing, whether the ruling party and government will allow it.
This is the umpteenth time Obasanjo, who was at the helm of affairs between 1999 and 2007 as Nigeria embraced a new democratic era. will be attacking the administration of Buhari. It is also on record that Obasanjo is one those who supported and worked for the emergence of Buhari in 2015
Obasanjo expressed his remarks in a letter titled Points for Concern and Action, and made available to newsmen
Below is the detailed piece the ex-president penned:
POINTS FOR CONCERN AND ACTION
By
Chief Olusegun Obasanjo
I am concerned as a democrat who believes that with faithful and diligent practice of democracy, we can get over most of our political problems and move steadfastly and surefootedly on the course of stability, unity of purpose, socio-economic growth and progress for all.
Democracy becomes a sham if elections are carried out by people who should be impartial and neutral umpires, but who show no integrity, acting with blatant partiality, duplicity and imbecility. For all democrats and those carrying out the process of elections, there must be the redline that must not be crossed in tactics and practices of democracy.
I personally have serious doubt about the present INEC’s integrity, impartiality and competence to conduct a fair, free and credible election. And if the INEC is willing, will the ruling party and government allow it? From what we saw and knew about Osun State gubernatorial election, what was conclusive was declared inconclusive despite all advice to the contrary. The unnecessary rerun, if viewed as a test-run for a larger general election, would lead people to expect incidences of deliberately contrived, broken or non-working voting machines or card readers, confusion of voters as to their voting stations, inadequate supply of voting materials to designated places, long line to discourage voters and turning blind eyes to favour the blue-eye political party of INEC because the Commission’s hands will be tied to enable hatchet men and women to perform their unwholesome assignment.
The transmission and collation of results are subject to interference, manipulation and meddling. If the INEC’s favourite political party wins with all the above infractions, the result will be conclusively declared and if not, there will be a ‘rerun’, the result of which is known before it is carried out. I know that I am not alone in being sceptical about the integrity of INEC and its ability to act creditably and above board. But we are open to be convinced otherwise.
The joke about INEC would seem real. The INEC was asked if the Commission was ready for the election and if it expects the election to be free, fair and credible. The INEC man is reported as saying in response, “we are ready with everything including the results!” God save Nigeria! It is up to Nigerians to ensure that the redline is not crossed in safeguarding our fledgling democracy. And if crossed, appropriate action must be taken not to allow our democracy to be derailed.
A friend of mine who is more credulous and who claims to be close to the Chair of INEC keeps telling me that INEC will retrieve its image and reputation by conducting the coming elections with utmost integrity and impartiality. I am not sure as I believe more in action than in words and in past record than in promise. The track record of the present INEC is fairly sordid and all men and women of goodwill and believers in democracy must be prepared for the worst from INEC and their encouragers and how to get Nigeria out of the electoral morass that the Commission is driving us into. To be forewarned is to be forearmed. A battle long forewarned does not embroil the cripple nor catch him unawares.
A word is sufficient for the wise. The labour of Nigerian democracy heroes must not be in vain. Some men of God would hold President Buhari to his word on free, fair, credible and peaceful elections. I am a realist and I reiterate that I go by track record. Therefore, I am not persuaded by a track record of hollow words, impunity, insensitivity and ‘I-couldn’t-care-less’ attitude, or by the sanctimonious claims of any candidate and his campaign staff.
I will only believe what I see. This is a time for vigilance to fight to safeguard our votes and defend our democracy. The price of liberty and sustenance of our democracy is eternal vigilance and appropriate reaction to ward off iniquities. We must all be ready to pay that price and not relying on hollow words of callousness. The derailment of Nigerian democracy will be a monumental disaster comparable to the disaster of the Nigerian first military coup.
While Nigerians must not allow such a disaster to happen nor take such an affront lying low, the international community who played an admirable role in warning INEC, of course, to no avail on the Osun State gubernatorial election and who have been warning all political parties must on this occasion give more serious warning, send more people to the field to observe and work out punitive measures against INEC and security officials especially the Police and politicians who stand to gain from INEC’s misconduct, which is obviously encouraged by the Executive Arm of Government and who must be held responsible for the violence that will follow. Such measures can vary from denial and withdrawal of visas from the people concerned and from their families to other more stringent measures including their accounts being frozen and taking them to International Criminal Court, ICC, if violence emanates from their action or inaction. Nigeria must not be allowed to slip off the democratic path nor go into anarchy and ruin. No individual nor group has monopoly of violence or gangsterism. And we must not forget that in human interaction, reactions are normally greater than action, though opposite.
It is no use, at this juncture, to keep lamenting about the failure, incompetence, divisiveness, nepotism, encouragement and condonation of corruption by Buhari administration as there is neither redeeming feature nor personality to salvage the situation within that hierarchy. You cannot give what you don’t have. Bode George put it bluntly in his statement of December 3, 2018 when he said:
“The other day, the Vice-President of Nigeria, Professor Yemi Osinbajo – a learned man, an enlightened person in all parameters – was seen at various markets in Lagos State and Abuja distributing N10,000 each to market women. What an absurdity! It was indeed an obscene display of executive recklessness and abuse of office. Pray, where did the money come from? Was it budgeted for in the appropriation law? In more civilised nations, Osinbajo would have been impeached and prosecuted for gutting our collective treasury.”
What an act by a Senior Advocate of Nigeria lawyer, number 2 man in the Executive hierarchy; and what is more, a pastor of one of the Christian movements led by a revered, respected and upright church leader, Pastor E. A. Adeboye. Osinbajo must have gone for, “if you can’t beat them, join them”. A great pity indeed and which makes people ask the questions, “Any hope?” Yes, for me, there is hope. Osinbajo has shown the human weakness and proved the saying that the corruption of the best is the worst form of corruption. His explanation that it was their government programme can only be construed to be very shallow and lopsided, if not an outrightly idiotic programme.
Traders in rural and sub-urban areas of Nigeria are many more than those in urban areas and they are much poorer than traders in Lagos, Abuja and other cities. They need more attention and greater help. Are they to be confined to the heap of perpetual poverty? What of those who are not traders? They are not entitled to hand-out and they can languish in penury? And what about millions who have lost their jobs in the last three and a half years?
The timing is also suspect. Those who criticise the action are called evil but they are not evil as they know what they are doing and saying, and they love Nigeria and Nigerians not less than the likes of Osinbajo. They are not devils incarnate; they are patriots.
What is the connection between taking the number of PVC (Permanent Voters Card) of the recipient of the N10,000 doled out to ‘traders’ and the forthcoming election? There is something sinister about it, and Professor Osinbajo, of all people, should know that. With collusion of the INEC officials and card readers not made to work, anybody quoting the PVC number may be allowed to vote as the revised Electoral Bill was not signed. And if that happens all over the country, it will be massive rigging indeed. The Chairman of INEC must stand firm and carry out his duties with competence and unbending neutrality. Card readers must be used without fail and accreditation must be completed and number ascertained and made public before voting commences as was done in 2015.
Amina Zakari has become too controversial a figure to be able to give assurance of free, fair and credible election for INEC. President Buhari and her family have declared that there is no blood relationship but there is relationship through marriage and that is more than enough for the good lady to step aside. A judge does not sit in judgement over a case once he or she becomes a cause for controversy or one side in the case has strongly objected to the judge. Madam Amina Zakari should, in honour, stay out and not be seen as a source of contamination of the election. Otherwise, it will be difficulty to deny the rumour that she is being assigned to Collation Centre for one duty only – to write out figures that are not results of the voting in the field on fake results sheets without water mark or on genuine results sheets which she will have access to as a Commissioner. Amina Zakari is not the only Commissioner that can be in the Collation Centre. Let the INEC Chairman act boldly and impartially and prove his absolute neutrality and responsiveness to contribute to make the election peacefully free, fair and credible. His integrity needs to be transparently demonstrated.
We should remember that there had been reports of INEC sponsored rigging in the past, and also with INEC officials through collation and with officials being put in party coordinators’ dresses and working for the political party favoured by INEC and also putting the dresses of other parties on INEC-favoured parties and police uniforms on INEC-favoured parties to rig all the elections for the favoured party. Like all of us, INEC knows all these and it should devise means to make sure they do not happen. But will they? One way will be to only allow card readers to be means of authenticating voters and where there is no such authentication, it should mean no voting. The second is to use only identity cards with watermarks issued by INEC itself to party officials only for identification of political party coordinators, officials and agents and not political parties dresses or arm and wrist bands which anybody can wear for purposes of identification on election duty or function. Both the Presidency and the National Assembly must so far be commended for adequately providing funding as confirmed by INEC, and therefore funding cannot be an excuse for poor performance by INEC.
President Buhari and his hatchet men in the coming election think that the judiciary must be primed in their favour. Hence, the Chief Justice of Nigeria, Justice Walter Samuel Nkanu Onnoghen, has been harassed and prosecuted for non-declaration of his assets without following the Constitution and the law, just to make him conform or set him aside for a Buhari man to take over or act, as President Buhari and his people believe no stone should be left unturned to rig Buhari in. It seems to be a ploy to intimidate the judiciary as a whole in preparation for all election cases that will go before them. Where and how will all these stop? Typically, with overwhelming outrage and condemnation, we are told that the Presidency denied knowledge of the action. But the Vice-President told us that the President knew of the action on Saturday night for everything that has been prepared for Monday morning. Haba VP, it doesn’t happen that way. Nobody should take such measure against any of the four in hierarchy below the President or any of his ministers without his knowledge and indeed his approval. But if that can happen to the Chief Justice of the Federation, the fifth man in the hierarchy of government, without the knowledge let alone the approval of the President, then it speaks for the type of government we have which means the President is not in charge let alone being in control and no Nigerian must take anything for granted. We are all unsafe and insecure under such an administration. And enough of it! Buhari’s apologists will not stop at anything to try to cover up his administration’s inadequate performance and character. A constitutional liberal democracy cannot thrive without an independent and insulated judiciary from the executive and the legislature. Nigerians must wake up and stop these acts of wanton desperation tantamount to mental incapacity to run the affairs of Nigeria wholesomely.
Life and living are anchored on trust. But if I trust you and you deceive, cheat or disappoint me the first time, it is shame on you. However, if I allow you to do so the same thing for me the second time, I do not only have myself to blame, I must be regarded as a compound fool.
Buhari has succeeded in deceiving us the first time and we will be fools to allow ourselves to be deceived the second time. Buba Galadima, who knows Buhari very well as a confidant and National Secretary of Congress for Progressive Change, CPC, the Buhari’s party before it joined in forming All Progressives Congress, APC, has warned us this time around that no matter what he promises, he cannot change his character and attitude. He describes him as inflexible, insincere, dubious, intolerant, never accepts responsibility when things go wrong and impervious to reason and advice for change. If you cannot change your mind, you cannot change anything is the assertion of George Bernard Shaw. Even when figures, facts and statistics are made clear to Buhari, he keeps repeating what is untrue, either because he cannot understand or for mischief purposes and that places him on the level of a pathological liar. He believes he can get away with impunity and deceit as he seems to have done on many occasions in the past. Buba Galadima’s position is well complemented by Dr. Auwalu Anwar on the APC, CPC, TBO and Buhari’s character and attitude in his yet to be launched book, “Politics As Dashed Hopes in Nigeria”. It is also a stunning revelation. Anwar clearly pointed out, “the brazen display of incompetence, insensitivity and irresponsiveness by delusional party, CPC, leadership at all levels”. Buhari was the leader of the party. Bola Tinubu’s statement about Muhammadu Buhari in 2003 is fairly prophetic, “Muhammadu Buhari is an agent of destabilisation, ethnic bigot and religious fanatic who, if given the chance, would ensure the disintegration of the country. His ethnocentrism would jeopardise Nigeria’s national unity.”
Junaid Mohammed was eloquent on the issue of nepotism. But if as we were told that Buhari is nepotic because he does not trust others, why should others trust him to continue to put their fate and life in his hand. Trust begets trust. They cannot be trusted for ‘sensitive’ appointment but they can be sent out to campaign for his re-election. Who is fooling who?
What is happening under Buhari’s watch can be likened to what we witnessed under Gen. Sani Abacha in many ways. When Abacha decided that he must install himself as Nigerian President by all means and at all costs, he went for broke and surrounded himself with hatchet men who on his order and in his interest and at high costs to Nigeria and Nigerians maimed, tortured and killed for Abacha. Buhari has started on the same path in mad desperation.
From available intelligence, we have heard of how Buhari and his party are going about his own self-succession project. They have started recruiting collation officers who are already awarding results based on their projects to actualise the perpetuation agenda in which the people will not matter and the votes will not count. It is the sole reason he has blatantly refused to sign the revised Electoral Reform Bill into law.
His henchmen are working round the clock in cahoots with security and election officials to perfect their plan by computing results right from the ward to local government, state and national levels to allot him what will look like a landslide victory irrespective of the true situation for a candidate who might have carried out by proxy presidential debate and campaigns.
The current plan is to drape the pre-determined results with a toga of credibility. It is also planned that violence of unimaginable proportion will be unleashed in high voting population areas across the country to precipitate re-run elections and where he will be returned duly elected after concentration of security officials as it happened in Osun State. We are monitoring them and we call on all democrats across the world to keep an eye on the unfolding anti-democratic agenda of President Muhammadu Buhari. This is the time for preventive measures to be taken otherwise Nigeria may be presented with a fait accompli with impunity and total disregard of all pleas.
His scheme bears eloquent testimony to this road similar to Abacha whom he has praised to high heavens and as an arch-supporter and beneficiary from Abacha, he has seen nothing wrong done by him. It is clear from all indications that Buhari is putting into practice the lessons he learned from Abacha. Buhari has intimidated and harassed the private sector, attacked the National Assembly and now unconstitutionally and recklessly attacked and intimidated the Judiciary to cow them to submission.
I was a victim of Abacha’s atrocities against Nigeria and Nigerians – high and low. At the height of Abacha’s desperation for perpetual power, he did not brook any criticism because Nigeria was seen as his personal property. You must go along with him or be destroyed. All institutions for ensuring security, welfare and well-being of Nigeria and Nigerians particularly the Police, the Military and the Department of State Services (DSS) were abused and misused to deal with critics of Abacha and non-conformists with Abacha.
Today, another Abacha Era is here. The security institutions are being misused to fight all critics and opponents of Buhari and to derail our fledgling democracy. EFCC, Police and Code of Conduct Tribunal are also being equally misused to deal with those Buhari sees as enemies for criticising him or as those who may not do his bidding in manipulating election results. Criticism, choice and being different are inherent trade mark of democracy. If democracy is derailed or aborted, anarchy and authoritarianism will automatically follow.
Today, as in the day of Abacha, Nigerians must rise up and do what they did in the time of Abacha. Churches and Mosques prayed. International community stood by us Nigerians. I was a beneficiary and my life was saved. Well-meaning Nigerians took appropriate actions and made sacrifices, some supreme, some less than supreme but God had the final say and He took the ultimate action.
God of Nigeria is a living God and a prayer-answering God. Nigerians must cry out to God to deliver Nigeria. Here again, I have been threatened with arrest and extermination but I will not succumb to intimidation or threats. Maybe I should remind those who are using probe as a threat that I have been probed four times by EFCC, ICPC, House of Representatives and the Senate and Buhari has access to reports of these probes. But I have also challenged Buhari and the criminals around him to set up a probe on the same allegations and I will face such probe in public. But I know that these criminals cannot withstand a Police inquiry let alone clinical probe on the past public offices they held. My fervent prayer is that President Buhari may live to see the will and purpose of God for Nigeria. My final appeal to him is to desist from evil with manipulation and desperation because evil has repercussion especially as man who should watch and be mindful of his self-acclaimed and packaged integrity. At the end of the day, those who goad you on will leave you in the lurch. You will be left alone, naked and unheralded. In defeat, which must be Buhari’s fear leading to desperation, he and his co-travellers can still maintain modicum of decency, and exhibit fear of God in their actions. We have been told that governance has been abdicated to a cabal. Now, campaigning has been abdicated to ‘jagaban’. And it is being authoritatively stated that he would not join any presidential debate. Nigerians will not allow the elections to be abdicated to INEC and Police to give us false and manipulated results. I personally commend the President for yielding to popular outcry to let the former Inspector-General of Police, Ibrahim Kpotun Idris, go when he is due as he had the track record and history of being assigned to rig elections for the incumbent. It was alleged that he was sent to Kano for that purpose in 2015. He was already deploying his Commissioners of Police on similar mission before his exit. We must all encourage the new Inspector-General of Police, Mohammed Adamu, to tread the path of professionalism, even-handedness, respect and new image for the Police.
While Nigeria must appreciate Buhari for the little he has done and allow him to depart for home in peace if he allows free, fair, peaceful and credible elections, we must also tell ourselves that Nigeria deserves better at this point in time than what Buhari is capable of offering. History will note that he has been there. Nigeria now needs a man with better physical and mental soundness, with an active mind and intellect.
Let me say again that Nigeria belongs to all Nigerians and exists for the benefit of all Nigerians and non-Nigerians who desire to live or do business in and with Nigeria. The attitude of “it is my turn and I can do what I like” with impunity will not last because Nigeria is created by God and it will outlive all evil machinations and designs against the overall interest of Nigeria.
Before I conclude, let me assert that the security situation has deteriorated with kidnapping everywhere and Boko Haram more in action and nobody should deceive Nigerians about this. With the teaming up of Boko Haram and Islamic State’s West Africa Province (ISWAP), Boko Haram is stronger today militarily than they have ever been. Boko Haram has also been empowered by the Nigerian government through payment of ransom of millions of dollars which each administration disingenuously always denies. With ISIS being liquidated in Iraq and Syria, Africa is now their port of concentration. Soon, they may take over Libya which, with substantial resources, is almost a totally failed state. When that happens, all African countries North of Congo River will be unsafe with serious security problems. The struggle must be for all West African, Central African, North African and most East African States. Nigeria has to play a vanguard role in this struggle as we have much to lose. This administration has reached the end of its wit even in handling all security issues, but particularly Boko Haram issue, partly due to misuse of security apparatus and poor equipment, deployment, coordination and cooperation.
Finally, those Nigerians that are being intimidated or threatened by this Administration must trust in God and stand firm. Tough times do not last forever, but tough people invariably survive tough times. This is a tough time for almost all Nigerians in different respects, but the people’s will shall triumph. All people who have registered to vote with their PVCs must never allow anybody or anything to deny or deprive them of the right of performing their fundamental civic duty of voting and sustaining democracy. Establishment of democracy and its sustenance is second to attainment of independence in our political life, leaving out the victory of the civil war. We shall overcome.
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Tinubu’s 2026 Budget Bad Omen for Nigerians – PDP
Published
9 hours agoon
December 21, 2025By
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
Related
Headline
Insecurity: Akpabio Begs Tinubu to Reinstate Police Orderlies for NASS Members
Published
1 day agoon
December 20, 2025By
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.
Related
Headline
Defence Gulps Lion Share As Tinubu Presents N58.47trn 2026 Budget to NASS
Published
2 days agoon
December 19, 2025By
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.
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