Headline
Opinion: An Open Letter To Laolu Akande- Dele Momodu
Published
7 years agoon
By
Editor
My dear Pastor Laolu, let me start by saying I wonder what people eat or drink inside the Aso Rock Villa that makes some of those of your ilk, who we once admired, misbehave the way you did last night. I’ve known you for over two decades as a young, brilliant, respectful and likeable character and a dutiful, urbane journalist. And my affection for you and your good friends, including Adeolu Akande, Wale Adebanwi, Bode Opeseitan, and others, has never waned. When you travelled to America, your spirited journalistic work continued as you churned out good reports, especially in The Guardian newspaper of Nigeria. Anytime I was in the New York area or, indeed, any part of the United States, I kept in touch with you and your dear wife, as regularly as possible. We became a family.

Dele Momodu with Vice President, Prof. Yemi Osinbajo
About nine years ago, I called you from Maryland, USA, and told you I was attending the Nigerian Reunion Meet, an annual and biggest gathering of Nigerian youths in the US at any single event, at that time. You said you would like to meet me, and I was quite elated, as I have always been. When you came, we sat down over breakfast and you expressed the difficulties and vagaries of life you faced in America, and I said I understood perfectly well. I had faced similar experience in the United Kingdom during my exile years. So, we were partners-in-suffering. I told you that was why Ovation International was for me a matter of life and death.

Dele Momodu with President Muhammadu Buhari
On that visit, you expressed interest in becoming the North American Bureau Chief for Ovation International and I was glad to accept your proposal. I told our Editor to liaise with you and I moved on to deal with other issues. You got some events for coverage which we published in the magazine. At some point the Editor complained about the way you handled transactions and so on, but you and I never saw each other again after the day we met, till you got your appointment and returned to Nigeria as the Vice President, Prof Yemi Osinbajo’s spokesman. You never handed over to us at Ovation till this day. You simply abandoned a company that provided some modest income for you in America. But we never complained and made excuses for you that this was probably occasioned by the exigencies and circumstances of your appointment. On your return home, there was never the courtesy of “E ku ile…” I’m back home to any of us. Nevertheless, we were happy when your good news reached us.

Dele Momodu with APC Chairman, Comrade Adams Oshiomhole
We met for the first time, after your appointment, at the funeral service for Mama, Chief Mrs Hannah Idowu Dideolu Awolowo, and I told you how unfortunate it was for you to be greeting me for the first time since your return to Nigeria. How would you have felt if someone treated you the way you treated us? No worries, I forgave your shortcomings, since none of us is perfect in life.

Dele Momodu with Babatunde Fashola SAN
I have a policy of maintaining some distance from friends in power and accept whatever God has for me in other areas. I had volunteered and supported Major General Muhammadu Buhari in 2015, without being a member of APC. I campaigned to the best of my abilities without expecting anything in return but good governance. I am bemused whenever it is suggested that I have any ulterior motives in this regard. Let me tell you that if I set my heart on it, I would be offered government position of choice, but I prefer my independence and the opportunity to speak with candour even if what I say may be unpleasant to those I am addressing, at that moment.

Dele Momodu with Mr Rotimi Amaechi
Very early in the life of the government, I noticed and noted that many things were going wrong and that we were working against the promises we made prior to the elections. I promptly wrote a memo to the President and was pleasantly surprised when I got an invitation to meet President Muhammadu Buhari. It remains a singular honour and privilege for me as I have a high personal regard and esteem for the President, even if I no longer agree with some of his politics and policies. I was alone with the President for enough time and the camaraderie between us was palpable. Many people, including Ministers, still wonder and ask how I got the President to relax and smile so much. I didn’t go to him for personal reasons but simply took the opportunity to tell him what the people of Nigeria expected of his government, the mistakes the Jonathan government made, and the need to learn from lessons of the past. The President seemed happy that someone was saying it as it should be. I never made any personal request since that was not my mission.
However, things went from bad to worse. Many started lamenting and complaining, including the wife of the President, Mrs Aisha Buhari. What made matters worse was the ill-health of the President, but the Vice President, Prof Osinbajo worked assiduously, smartly and loyally, to ensure the government began to give prominence to those matters which had won victory for APC and the Presidential team, for which the Vice President was commended by so many people, including me.
Thereafter, when the President returned and things appeared to slide back to the inglorious state that they were before he left, I wrote several letters to the President offering my 10 kobo advice and still continued to report his activities “formally.” Even long after I gave up on his government ever changing its fumbling and wobbly style, I continued to fulfil all righteousness. I must note that my criticism of the Buhari administration never elicited insults directly from Femi Adesina and Garba Shehu, both of who are highly respected and admired professionals, except that some overzealous people who felt the job of journalists is to praise leaders and governments, endlessly did so on their behalf, but without their knowledge at times.
On February 3, 2019, I had sent you a message of congratulations on the miracle of the Vice President and his entire team surviving the helicopter crash and suggested all of you should please see Doctors and you thanked me. “May God continue to protect you and Oga and all as you travel around. That was really shocking…” I prayed. Nothing else was expected of reasonable human beings particularly as I consider the Vice President a dear brother that I will continue to respect.
I have gone through this long preamble to prepare the ground for the shock and shocker I got from you last night. The next time I heard from you was on March 13, 2019, when you said you needed a “right of reply” to the Pendulum column I wrote last week, which was an open letter to your boss, the Vice President, a gentleman that I will continue to hold in high esteem and admiration, no matter the provocation from people like you. I instantly agreed to release that page, as is not only my personal approach, but also the Thisday tradition. I even messaged you, “Pls let me know if you need the entire space…” and you responded “Bob Dee Baba, I told them you will never block a right of reply…even if you give out the whole page. Will revert.” I immediately alerted the Editor, Yemi Adebowale, that Laolu Akande has requested for my page this week, and we both agreed that it should be given to you to respond as you wished. It was obvious from your message that there were some hawks and hounds baying for my blood, but such is life.

Dele Momodu with Alhaji Lai Mohammed
Pastor Laolu, as a journalist, I knew you should know about deadlines and respect it. I told you to, please, let us have your rejoinder on Thursday, March 14, 2019, and you said yes, in writing, but you never did. So, I went ahead to write a tribute to our departed colleague, Professor Pius Adesanmi. But, suddenly, you resurfaced at 15:47pm on Friday, March 15, 2019, in one word, “sent,” no apologies, just like that. Still, I immediately checked my mail but did not find your rejoinder. I called and you then sent a WhatsApp version, which I read. I always send virtually everything I write and any rejoinders to my good friend and Lawyer, Prince Adedamola Aderemi, and the only sentence we both singled out, separately, and without any consultation, was where you said “For good measure, Bob Dee, maybe we should just remind our readers that not only are you an active member of opposition, you also retain with top notchers of the PDP significant business relationships.” For us, you were entitled to your opinion and views on all other matters, just as I had expressed my views in my column, but this allegation was patently false.
I couldn’t believe those words emanated from a man who knew me well and knows my disdain for money politics. For the avoidance of doubt, I am not a member of the PDP whether card-carrying or otherwise. I have never attended any of its meetings or those of its members, and I have never been paid by the Party for any kind of work. If, by opposition you mean generally, then of course, I will admit to being a member of the National Conscience Party (NCP). As much as anyone who is my friend, you should understand how opposition politics, including supporting APC, has robbed me of the fabulous “free monies” that often litter the landscape of Nigerian politics. If, that was attractive to me, there was no way I would have ignored PDP to support APC in 2015, and there is no way I would not have continued to support APC, now. I called you and explained to you that your accusation was false and that this sentence should be expunged, and you said yes, you will do so immediately and resend. Just to delete one sentence, Pastor Laolu, I waited from around 17:01 pm till about 20:18, nothing came from you. At 20:21, you fired a message and said “No, I want to make substantial additions sir…that is why it is taking time. Wanted to proof (sic) every claim I make.” And I told you to feel free.
I sent messages to you till 21:28 but got no response, whatsoever, to say whether you still wanted the space or not. The Editor gave me a 10:00 pm deadline and I quickly got the Pius Adesanmi tribute ready for its original space. Unknown to me, you and whoever was misleading you, and goading you on, were very busy cooking more vituperative and irresponsible attacks on my person. You eventually sauntered back at 23:18 pm, for God’s sake, and you expected everyone to wait for you. The Editor had taken the decision to run Adesanmi’s tribute and run your rejoinder fully next week. But you insisted yours would be late by then and you returned my call at 00:02 am and informed me that you had been in touch with the Editor who said it was up to me.
Thereafter, you told me, verbally, that whether we use your rejoinder today or not, you will release it to other media houses and platforms. I then pointed out to you, that your new rejoinder was even far worse than the one I had complained about earlier. Obviously, your fake adviser or informant had convinced you that I was Saraki’s agent and that was eating and heating you up. You screamed Saraki’s name so much that I wondered what had suddenly possessed you. You were dripping with venom and so convinced Saraki was my Lord and saviour. Your previous reasonable and personable mien and disposition had vanished like a mirage. It was like you were pliantly succumbing to some sort of exorcism conducted by a manipulative demon. I promised to respond to this new Rejoinder, and you raised your voice against me that you will continue to respond to me. You asked if I was threatening you and I responded that it was not a threat, but my right to tell you, unequivocally, that I supported Atiku, voluntarily, the same way I supported Buhari without ever being a member of APC. Your voice was so harsh and vociferous that I was alarmed and worried about your personal health and safety, all because of power. You were rude to your older Brother and former boss.

Dele Momodu with Alhaji Atiku Abubakar
The saddest part of your uniformed, ill-thought and ill-judged piece was when you wrote, in your opening paragraph, that I had dumped Saraki for Atiku. I would have thought you were taught logic in school. If Saraki lost the primaries and I supported Atiku, how did I dump Saraki? If Saraki that you said I dumped was the Director General of the Atiku Presidential Campaign, how can you claim I dumped Saraki for Atiku. So that your paymaster knows, I have never worked in Saraki’s office or been mandated to act for him as a spokesperson or mouthpiece. I simply loved the passion he put into the Buhari campaign in 2015 and the way he prevented Nigeria from becoming a one-party state. My admiration for him has not diminished with time or circumstances since then. That is my view, to which I am entitled. I was the first to salute Saraki’s courage after he conceded defeat, like all democrats do. My advice to Atiku urging him to congratulate President Buhari, notwithstanding his perceived displeasure and disappointment about the conduct and outcome of the elections, was an act of statesmanship. How can you translate my innocent, peaceful advice to mean I dumped Atiku? After I said so, many eminent Nigerians have echoed my sentiments and advised Atiku in exactly the same way and words.
The truth, which you acknowledged in your rejoinder, is that I still complained about the conduct of the elections. It is up to you to support your treatise with any manner of facts and views. The public and I know the truth which may not be palatable for you to hear. My aim is not to demean the victory of APC, but to ensure that lessons are indeed learnt. The same lessons that should have been learnt from 1983!
I pray you get your mind back, like many before you, whenever you return from the gilded cage. By God’s grace, I will be here waiting to receive you with open arms.
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Headline
Tinubu’s 2026 Budget Bad Omen for Nigerians – PDP
Published
10 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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