Headline

Pendulum: Tributes to Olusegun Osoba and Nduka Obaigbena

Published

6 years ago

July 13, 2019

Eric

By Dele Momodu

Fellow Nigerians, there is no way I can tell the stories of my life, my adventures and whatever I have achieved in journalism, without devoting substantial space to those who have been my inspiration. Two of them, Chief Olusegun Osoba and Prince Nduka Obaigbena, are in their season of big celebrations as they enjoy landmark birthdays. Chief Osoba turns 80 on July 15 2019 whilst Nduka, or “The Duke” as he is more fondly known by close associates will be 60 on 14 July 2019. Although there is a twenty-year gap between them, and Chief Osoba is a revered grandfather of journalism in Nigeria, both of them share the same attribute of bestriding the journalism sphere like a colossus. Here’s a tribute to the two giants of journalism who have been a significant part of my trajectory and had a great influence on my development and establishment as a media personality.

My interaction with Nduka began almost as soon as my sojourn in Lagos started. I arrived Lagos in May 1988 to resume work as a Staff Writer at the African Concord magazine, owned by Chief Moshood Abiola. I had visited Lagos about a month earlier in search of a job. In those days travelling to Lagos was seemingly like travelling to England or America. We viewed Lagos like an Eldorado, paradise on earth! After a quick interview conducted by the Editor of the magazine, Mr Lewis Obi, I was offered a job on the spot. I requested for some time to go back to Ile-Ife, where I lived, to prepare for the new life.

During that visit to Lagos, I took time off to call on a few media organizations in the city. My four favourite organisations were The Guardian, The Concord, Newswatch and Thisweek magazine, owned by Nduka Obaigbena. At the time we were students at the University of Ife (now Obafemi Awolowo University), we had access to many publications. And we were voracious readers. We had our heroes in the media. They included Segun Osoba, Felix Adenaike, Peter Ajayi, Peter Enahoro, Dele Giwa, Doyin Aboaba (later Mrs Doyin Abiola), Yakubu Mohammed, Dan Agbese, Nduka Obaigbena, Sonala Olumhense, Dele Olojede, Amma Ogan, Stanley Macebuh, Folu Olamiti, Olatunji Dare, Onukaba Adinoyi-Ojo, Tunji Lardner Junior, Greg Obong Oshotse, May Ellen Ezekiel, Dare Babarinsa, Seyi Olu Awofeso, Odia Ofeimun, Yemi Ogunbiyi, Andy Akporugo, Nduka Irabor, Tunde Thompson, Taiwo Obe and others.

I was particularly delighted to visit the Thisweek offices at Ogunlana Drive in Surulere. This was a magazine that was determined to push Newswatch, the leading Nigeria weekly magazine of those days, aside. Thisweek was glossy and colourful. It was published in London and airlifted to Nigeria. I marvelled endlessly at the audacity of its Publisher and was even more surprised when I read somewhere that he was not yet 30 when he chose to take on the Newswatch behemoth by poaching some of the best journalists from the biggest media houses in Lagos. This was a man who was going places and attaining great heights and he was barely a year older than me. I felt truly humbled by his courage, boldness and dare devilry. I knew I had so much to learn from him.

My visit to Thisweek would turn out to be a future gamechanger for me. Lanre Idowu had introduced me to Nduka Obaigbena and described me as one of those troublesome writers from Ile-Ife, referring to my partner, Kunle Ajibade, with whom I had co-authored a controversial article that had gone viral. Nduka immediately warmed up to me. He led me into his office and instantly gave me an article to pen and paid me N100 for it. Let me say, N100 was big money in those good old days. I was elated. That was how we struck our friendship and we have never parted ways since then. Our relationship is truly surreal as we are almost like blood relations sharing a similar passion for excellence in journalism and the company of great men and women. I shall return to this.

I had some challenges when I returned to resume work in Lagos. The major problem was, of course, accommodation. I had to squat with different friends at various locations. Let me pull out the one most relevant to this story. I was staying with Segun and Funke Adegbesan in Adeniran Ajao Estate, by Anthony Village. Segun worked as a Lawyer at Gani Fawehinmi chambers very close to the house. That is another story for another day.

The main gist is that Segun had a music box that played cassettes. My favourite of them all was a release by Chief Commander Ebenezer Obey in which he praised Olusegun Osoba to high heavens:

“Olusegun o, Olusegun o, omo Osoba, Omo Osoba, Akinrogun moba rode…

Abata pa, abata pa Osoba yii daraba Olusegun…

Awo Felix Adenaike, awo Peter Ajayi, awo Funlola Okunowo, awo Bukola Okunowo mi, ati Bade Ojora, omo Apasa mi…”

This song was like an elixir of life for me! I played it as soon as I woke up every morning and also at night before sleeping off. I had already heard fantastic stories about the awesome exploits and derring-do of this esteemed journalist called Segun Osoba and was determined to emulate him. My God, I tapped into the generous grace of this man called Osoba and prayed that God should grant me such as well. It became an obsession for me. You can now imagine what it must have been like meeting this legend in body and soul.

Our paths would cross many times in the future, but at that time I was a fledgling tyro journalist while he was an embodiment of the quintessential Nigerian journalist that we all strove to be. Osoba was a mantra I chanted regularly. I studied him like a book. And, I must say, my respect for him grew in leaps and bounds. Osoba was very close to my Chairman, Chief Moshood Abiola. From our first encounter, we fell in love with each other. Time and space would not allow me to write much. But I became his protege. What I admired most in him was his extensive network of friends and associates and how he found time for almost everyone. I wished to acquire such level of experience and exposure.

His foray into politics was another remarkable aspect of his life. He was the prototype who proved that journalists could aspire to be anything that they wanted. There was style and class in Journalism and both Osboa and Nduka symbolise this. While Osoba took the world of journalism by storm, what he did in politics was even bigger. He went on to become Governor of Ogun State after only a short stint in politics. He was as dynamic in politics as he had been in journalism. I was not very surprised by his conquests and giant strides. His suaveness and impeccability were such that his successes were assured in whatever he touched. His impact on Ogun State was short-lived because of the June 12 debacle.

As if by divine coincidence, I went to visit Chief Osoba in Abeokuta during the June 12 crisis. This must have been on July 21, 1995 because the biggest drama of my life started on July 22, the day after. I therefore have poignant memories of that day. Chief Osoba and I discussed the impasse that June 12 had become, but we were not prepared for what happened next. He was a strong Abiola supporter who stood for justice. When it became necessary, he realised that the fight had become an external one, as well, he left Nigeria and tried to use his friends in the international media to bring our plight to the fore and ask for both. I never envisaged the monumental surprise that awaited me in Lagos when I returned from Abeokuta. I ran into my wife on my way home and she broke the news to me. Some gentlemen had found their way to my flat in Ojodu. Apparently, they had picked up Intelligence that I was going to be arrested and detained as one of the suspected brains behind Radio Freedom which later metamorphosed into Radio Kudirat. So, I was advised to take cover and disappear into thin air. That was it. I never planned to live outside Nigeria.

I managed to escape Nigeria through the Seme bush and meandered my way via Benin Republic, Togo and Ghana until I landed in London. Meanwhile, Chief Osoba was facing his own ordeal back home. He was being harassed by the Abacha government. He eventually found his way to London. For both of us. London was too cold blooded. I visited him regularly and we walked a lot around his neighbourhood in the Swiss Cottage and St. John’s Wood area of London.

On June 8, 1998, some people woke me up with what I considered to be the rumours of General Sani Abacha’s death. I promptly dismissed these stories as untrue and impossible and went back to sleep. Abacha was just literarily larger than life and I could not comprehend news of his death. The call I got from Chief Osoba changed all that. I thought to myself, how on earth can Chief Osoba believe Abacha could ever die, but he insisted his sources were credible and that was it. The rest is history. We remained even closer since then.

I joined so many Nigerians to celebrate Chief Osoba at the launch of his book last Monday and, as always, Chief Osoba sparkled brilliantly like a million stars. The book BATTLELINES was written to commemorate his 80th birthday which comes up in a couple of days. My warm and hearty congratulations to him.

Back to my very dear friend and Brother, Nduka Obaigbena. From 1988 to date, we have come a long way together, through thick and thin. He has really touched my life in many ways. As he clocks 60 years, I’m proud to be associated with him and I raise a toast to one of the most daring, intelligent, hardworking and flamboyant journalists Nigeria has ever produced. It is fitting to celebrate him with Chief Osoba because they are of the same cloth, the same ilk! It is difficult to find a Publisher like this exceptionally gifted man, we call the Duke.

Nduka taught me so many things. In 1991, he cleared the way for me to obtain visas with ease as a journalist of repute. In 1992, he invited me to midwife what is today known as Thisday newspapers and bought me a brand new Peugeot. In 1992, he travelled all the way to Ijebu-Ode for my wedding. In 1993, we supported two different Presidential candidates. I supported Moshood Abiola while he supported Bashir Tofa. On June 14, 1993, after I departed Vienna where I had gone to represent Chief Abiola at the Bruno Kreisky Awards won by Chief Gani Fawehinmi, I made a call to Nduka from London, to let him know that I had arrived and discuss the turbulent, suspensory political situation in Nigeria. I received the rudest shock of my life when he gave me an inkling of the annulment to come. I told him it was impossible, but it turned out that Nduka was right as usual. He has such incredible sources!

Nduka and I found ourselves at some point in exile in London. We had our offices on Kilburn High Road. We were together in his apartment in West London with Tokunbo Afikuyomi two days before Chief Abiola died on July 7, 1998. He returned to Nigeria and turned Thisday into the formidable media empire and conglomerate that it has now become.

Nduka loves his friends dearly. He has been too kind to me, and I have only just mentioned a few instances. He never fails to acknowledge my humble contribution to the birth of one of Africa’s most influential newspapers as a Founding Editor.

He has suffered greatly for his daredevil approach to journalism, but he has remained unbowed and unmoved in the face of massive intimidation. He has always overcome! Nduka has managed to remain a dominant force and recently forayed into electronic media with the Arise News Channel. Within a short time, Arise has become one of the most authoritative news channels in Nigeria, Africa and beyond. Well done Nduka. I applaud you. You deserve all the plaudits.

60 hearty cheers to the Duke himself …

Headline

Tinubu’s 2026 Budget Bad Omen for Nigerians – PDP

Published

7 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

1 day 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.