NIGERIA NEWS
Tinubu Endorses Oyebamiji As Osun APC Consensus Candidate
President Bola Tinubu has endorsed the former Managing Director of the National Inland Waterways Authority (NIWA), Asiwaju Munirudeen Bola Oyebamiji, as the consensus candidate of the All Progressives Congress (APC) ahead of the party’s primary scheduled for Saturday, December 13, 2025.
The President’s endorsement follows that of the APC Elders’ Council in Osun, Igbimo Agba Osun, led by Engr. Sola Akinwumi, former Chairman of the Odu’a Group of Companies, which had earlier thrown its weight behind Oyebamiji.
With this decisive move, Oyebamiji is now positioned as the party’s unified choice going into the primary.
The meeting, held at the Presidential Villa in Abuja, had in attendance the National Chairman of the APC, Prof. Nentawe Goshwe Yilwatda, and the party leader in Osun, Minister of Marine and Blue Economy, Adegboyega Oyetola.
The high-level engagement successfully resolved earlier controversies, including issues surrounding the disqualification of some aspirants, resulting in a strengthened and more united party structure.
In a unanimous decision, other aspirants—including Prince Oyedotun Babayemi, Barr. Adegoke Rasheed (SAN), Dr Akin Ogunbiyi, Mr Benedict Alabi, Senator Babajide Omoworare, Mr Babatunde Oralusi, Dr. (Mrs.) Mulikat Abiola Jimoh and Senator Mudashiru Husain agreed to set aside their ambitions and fully support Oyebamiji to boost the party’s chances in the 2026 governorship election.
However, the meeting convened by President Tinubu was boycotted by one aspirant: former National Secretary of the APC, Senator Iyiola Omisore.
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NIGERIA NEWS
Nigerian Man Who Spent N30 million to Relocate to UK Mentions How He’ll Recover Money, Video Trends
- A Nigerian man explained why it was better to spend N30m to relocate abroad than invest it in business in the country
- He also mentioned how long he’ll work to recover the N30m he used to relocate to the United Kingdom, while listing his benefits
- The man’s video went viral and sparked debate on social media concerning the benefits of travelling abroad than remaining in tthe country
A Nigerian man who spent N30 million to relocate to the United Kingdom shares how he’ll recover the money.
He made this known in a video shared on his TikTok page.
Nigerian Man Who Spent N30 million to Relocate to UK Mentions How He’ll Recover Money, Video Trends
Source: TikTok
Identified as @sharpcollins1 on TikTok, the man said it’ll take him 12 months to 18 months to make the money.
He also shared why it’s better to use N30 million to relocate than to invest it in a business in Nigeria.
Watch his video below:

Read also
“It’s obvious”: Man notices one thing many people missed in Remi Tinubu, Gov. Adeleke viral video
Reactions to man’s post about relocation
@HenryIV said:
“Fortune favours the brave. At our age now it’s all about our kids. For me, I’m sorted abeg. I can travel when I want or even decide to go back home and chill and return to uk whenever I want. Anyone who can leave 9ja should be serious with it. People way day laugh say he be British masters degree holder, if e easy, show your own masters from anywhere.”
@Blissbeauty said:
“My brother when you travel go abroad person life can never remain the same 👌 I Dey pray make God do am for me too.”
@Marah said:
“I will say this over and over again 100m to start business in Nigeria is waste of time and resources talk more 30m PERIOD.”
@demz said:
“what happened to that thing that give you 30m tell me one billiornia that lives by 5 to 9 job Omo de go nothing pass investment here in Nigeria any business way give 30 million in Nigeria will make you billions if you double it.”
Read also
Lady shares how father refused to give her N5,000 but donated N110k to church, video trends
@Mr. Sam said:
“life doesn’t work that way, u can still be in 9ja n get MSc online studies, many are in Africa but earn in pounds more than you here in UK. Life have different templates you pick the one you think that will work for you. Faith, Fate, Grace, Favour, Destiny and Time are shared differently by the Creator.”
@Casual_mike said:
“Bro this truth hurt shaa.”
@Evergreen orogwu said:
“You are very right.”
Source: Legit.ng
NIGERIA NEWS
Senators Clash Over Approval of Reno Omokri as Ambassador
The Senate screening of former presidential aide, Reno Omokri, took a dramatic turn on Thursday as two senior lawmakers openly disagreed over his nomination.
What began as a routine exercise before the Senate Committee on Foreign Affairs quickly shifted into a tense exchange between Senator Adams Oshiomhole and Senator Ali Ndume.
Oshiomhole threw his full weight behind Omokri’s nomination, describing him as a patriotic Nigerian whose public interventions have often promoted the country’s image.
He argued that Omokri had demonstrated courage by admitting his past misconceptions when confronted with “compelling evidence” that favoured Nigeria’s interest.
According to him, such behaviour showed maturity and readiness for diplomatic responsibility.
Ndume, however, insisted that the chamber must follow due process. He stressed that the screening of ambassadorial nominees must remain orderly and must not be influenced by personal sentiments.
Ndume attempted to interject while Oshiomhole was speaking, a move that triggered the heated confrontation.
Oshiomhole, visibly irritated, snapped back at Ndume, saying: “Until you are called, you cannot shut me down.”
He went on to add, “I have the authority of the chairman. You’re not the chairman and cannot exercise the power you don’t have.”
The clash continued as Oshiomhole accused some lawmakers of making comments “here and there” and acting as if they had the authority to halt the process.
He noted that some individuals had publicly questioned the ambassadorial list and that such criticisms should not be ignored.
The former Edo governor argued that Omokri had proven himself by consistently defending the nation when needed, describing him as a “pragmatist” who was “not detained by old feelings.”
He further stated that Omokri’s willingness to acknowledge when he had been wrong was a key quality required for diplomatic assignments.
Oshiomhole also emphasised that Nigeria had a sitting President whose decisions deserved support, adding that his own experience as a former governor placed him in a position to guide those “who are not governors.”
Despite the commotion, the committee continued the screening, though the confrontation left many senators visibly unsettled.
NIGERIA NEWS
Peter Obi Blasts Tinubu Over Failure to Pay Contractors While Celebrating Revenue Targets
The 2023 Labour Party presidential candidate, Peter Obi, has criticised the Federal Government for failing to pay local contractors, despite President Bola Tinubu’s public claim that Nigeria has “met and surpassed” its revenue target for the year.
In a statement titled “Let Our SMEs Breathe” and posted on X on Thursday, the former Anambra State governor expressed concern over reports and images of contractors staging protests in Abuja and other parts of the country over unpaid bills for completed projects.
Obi noted that many of the affected contractors are small and medium-sized enterprises that play vital roles in local economies and depend on timely government payments to remain in business.
He faulted the government for boasting about increased revenue while allegedly neglecting basic financial obligations, describing the situation as a “contradiction” that exposes deeper issues in public finance management and transparency.
He stated, “In recent days, we have seen worrying images and reports of local contractors protesting across Abuja and other parts of the country, demanding payment for work they have already completed.
“Most of these contractors are small and medium-sized businesses that are crucial to economic activities in various regions. They are ordinary Nigerians who have delivered essential public services with the expectation that the government would honour its commitments.
“What is even more troubling is that this situation arises after President Tinubu publicly announced in August that Nigeria had ‘met and surpassed its revenue target for the year.’
“With such an impressive claim, one would expect increased investment in the economy—particularly in education, healthcare, and programmes aimed at reducing poverty. Yet the government has still failed to pay contractors.
“A responsible government cannot claim record revenue while leaving thousands of contractors unpaid. This contradiction reveals deeper problems surrounding transparency, accountability, and governance in public finance management.
“When a government fails to pay contractors, the effects ripple across the economy. Small and medium-sized businesses shut down, workers lose their jobs, families suffer hardship, and the nation’s productivity declines.
“We cannot build a strong economy where public funds are mismanaged, obligations are ignored, and local businesses are treated as disposable. If revenue has indeed increased, it should be evident in timely payments, the growth of MSMEs, and reduced borrowing.
“Meeting our obligations to contractors is not optional; it is a test of honesty, competence, and true leadership. A government that cannot honour its commitments cannot be trusted to build a nation.
“As leaders, we must fulfil our obligations, manage resources responsibly, and create an economy that works for the people. This is how a nation rises,” he concluded.
NIGERIA NEWS
Lady cries out after finding her neighbour inside her room despite locking the door
A young Nigerian lady has shared a shocking experience after returning home one evening to find her male neighbour inside her room without her consent.
In a viral TikTok video, she explained that around 7 p.m., she went to collect her fan, light, and power bank from a charging point nearby. Grateful for timely assistance, she was unprepared for what awaited her at home.
According to her, the neighbour she found in her room is someone she has never invited inside, and she has no idea how he gained access while the room was locked.
“Even if I want to give him something, I would do it outside, and the only time he may have seen my room is on social media. To my greatest shock, I saw him inside my room, she said.”
She revealed that her only valuable item is her laptop, and she could not believe it was him, as he was the last person she would have suspected.
She also recalled a recent incident when her pot of food was stolen, and she would have blamed another neighbour, only to realize it might have been the same person.
Despite the shock, she expressed gratitude to God for protecting her and urged vigilance, advising others not to trust anyone blindly.
Many social media users have reacted online. A commentator wrote, “Are you sure it’s not a camera he came to install?” Another said, “Don’t even sleep in that house again, please.”
The incident serves as a reminder to always secure personal spaces and remain alert in shared residential settings.
Watch video below…
@adetutupinky20 #tiktok #fypシ ♬ original sound – Funblog 🕶
NIGERIA NEWS
Lagos set for second private refinery as government confirms new investor talks
The Lagos State Government has revealed that a second private refinery could be established in the state as plans continue to take shape for another major investor to enter the sector.
The disclosure was made by the Commissioner for Physical Planning and Urban Development, Dr. Oluyinka Abiodun Olumide, during the Economic Roundtable Discussion organised by the Economic Intelligence Department of the Ministry of Economic Planning and Budget at Protea Hotel, Alausa, Ikeja.
Dr. Olumide explained that Lagos had become increasingly attractive for large-scale industrial and petrochemical investments, noting that private operators were beginning to explore opportunities beyond the existing Dangote refinery.
The commissioner revealed that conversations around establishing a second private refinery had already begun. He made the remark while emphasising the role of the private sector in driving major capital projects across the state.
What Dr. Olumide said
“These are things that are supposed to be channeled by the private sector. The government cannot go into everything, so these are opportunities that people can make money from. It’s so funny when people talk about the level of employment.
“The plans are rich enough that the private sector can come in, and you can see what Dangote has done in Lagos. Another operator—they’re also coming in—very soon, he is going to have a competitor. They have already started discussing that, that it should be another refinery, a private refinery.”
Olumide added that Lagos’ physical planning framework was deliberately structured to support capital-intensive projects, particularly those that can drive job creation, strengthen the energy sector and expand the state’s industrial base.
What you should know
Lagos State already hosts the largest single-train refinery, the Dangote Refinery, which was initially planned for the Olokola Free Trade Zone in Ogun State.
Aliko Dangote had revealed that his conglomerate lost $500 million due to delays in securing the Olokola site during the administration of former Governor Ibikunle Amosun, in addition to the $2.5 billion originally borrowed from banks.
- Unseen political interference reportedly stalled the project, prompting the move to Lagos, where the state government under then-Governor Babatunde Fashola provided an enabling environment that allowed the refinery to materialise.
- Multiple refinery licences have already been issued to other private operators, with active projects underway by BUA, Aradel, and Waltersmith.
Lagos’ business-friendly environment, infrastructure, and planning framework are now creating the conditions for a second private refinery to enter the state, reinforcing its position as a hub for industrial growth and private-sector-led energy investments.
NIGERIA NEWS
Tension in the Senate as Oshiomhole, Ndume clash over Reno Omokri’s ambassadorial nomination
A heated confrontation broke out on Thursday between Senators Adams Oshiomhole (APC, Edo North) and Ali Ndume (APC, Borno South) during the screening of former presidential aide Reno Omokri for an ambassadorial role in Abuja.
The drama unfolded on the second day of the Senate’s ongoing assessment of President Bola Tinubu’s 65 career and non-career ambassadorial nominees.
Omokri, seated quietly in Room 301 of the Senate building, watched as two of the chamber’s most outspoken figures clashed over procedure and politics.
Clash Over Procedure
Tension rose when Oshiomhole began commenting on Omokri’s nomination.
“Look, I cannot be intimidated by people who go here and there. After all, we see people on television questioning this list,” he said.
Ndume immediately interrupted, insisting that Senate rules must be respected.
“The procedure is that if there is a motion on the ground, it should be seconded. If it is not seconded, it’s dead,” he countered.
Oshiomhole refused to back down, raising his voice.
“Just allow me to continue (with what I am saying). Mr Chairman, you have allowed me. Please protect me,” he yelled.
Committee Chairman Senator Abubakar Bello (APC, Niger North) attempted to restore calm, warning Oshiomhole that his time was almost up.
A composed Oshiomhole continued. “All right! Mr Chairman, I think I need to speak on this in the public interest, with particular reference to the nomination of Reno. We cannot pretend we have not heard stories,” he said.
Ndume snapped back, “There is no such petition before us. The Senate is not a joke!”
That sparked a sharp political jab from Oshiomhole. “When I talk, those who have not been governors should listen. You have to have that large heart for forgiveness. For me, President Bola Tinubu has shown real quality—that the fact that you criticised me during the election and abused me doesn’t mean I should not appoint you,” he said.
A visibly irritated Ndume responded, “You have never dreamed of being a senator when I became one.”
The Committee Chairman stepped in again, urging both senators to return to order. Omokri, throughout the exchange, remained expressionless as the chamber debated issues that could shape his fate.
Fallout From Earlier Screening Blunder
Thursday’s drama followed another controversy on Wednesday involving career ambassadorial nominee Emmanuel Adeyemi.
The respected diplomat, who had served in Hong Kong and France, shocked lawmakers when he failed to name all three senators representing his home state of Ekiti.
He confidently identified Senate Leader Opeyemi Bamidele and Senator Yemi Adaramodu but stalled on the third.
A member of his entourage attempted to search online for the name—Senator Cyril Fasuyi—prompting outrage.
Senator Asuquo Ekpenyong criticised what he described as falling standards among top-level nominees.
Oshiomhole and Senator Seriake Dickson supported his view, while Senator Yunus Akintunde, representing Bamidele, appealed for leniency.
Adeyemi is one of three nominees from Ekiti, alongside Erelu Angela Adebayo and Olumilua Oluwayemika.
NIGERIA NEWS
82 Bag First Class as KWASU Holds 13th Convocation – THISDAYLIVE
By Hammed Shittu in Ilorin
Authorities of the Kwara State University (KWASU) Malete has said about 82 out of the 8,119 graduands of the institution would receive First Class honours degrees during the 13th Convocation Ceremony of the University.
The ceremony would hold on Saturday at Malate in Moro local government area of the state.
Speaking at a pre convocation press conference at Malete on Tuesday, the vice chancellor of the institution, Professor, Luqman Jimoh, said, apart from this, 1,986 would receive Second Class Upper Division, 4, 195 Second Class Lower, 1,355 Third Class, 426 for Masters degrees and 82 for PhD.
Prof. Jimoh said the academic results of this year convocation showed that the lecturers and students are more committed to the academic excellence of the institution.
He stated the superlative achievement is also due to the readiness and seriousness exhibited by the students towards their academic learning in the school.
He also said that, “There has been significant academic growth since the last one year.
“The two other campuses of the Kwara State University have taken off , one in Osi in Ekiti local government area of the state and the other in Ilesha-Baruba in Baruten local government area of the state.
“Both staff and students of the faculty of Environmental Sciences and the faculty of Agriculture and Veterinary Sciences have been integrated in these communities with lectures and research activities ongoing for the 2025/2026 academic session.
“This, has facilitated the spread of the institution to other parts of the state with expected socio-economic benefits to the communities hosting them”.
On the issue of insecurity in the school, Prof. Jimoh said the management of the institution has collaborated with security agencies and the Moro local government council management so as to address the reported cases of insecurity in the institution.
He said that, “apart from this, the management has put in place a restriction policy on the movement of the students and other people around the campus till after 11 p.m and the restriction in the use of power generating sets after 12 p.m.
“Also, the University/Community joint security committee is still in place and working to ensure that we do not have a repeat of burglaries.
“The Moro local government area of the state has also passed a bye law to provide a legal backing for the imposition of restrictions and we thank the local government for this proactiveness that has continued to ensure peaceful situation at KWASU”.
On the challenges facing the institution, Prof Jimoh said that, “The crossing from Shao to Malete through Jebba Road remain a serious challenge.
“The federal government’s intervention on the express way has not mitigated the dangers. Some commercial and even articulated vehicles drive against the traffic in a bid to cut down on the distance to drive to make the turn.
“This constitutes a major hazard for all users of that road. We urge our visitor to use his good office to facilitate a flyover bridge for safe crossing of the express road.
“Similarly, we request extensions to be existing intra- campus road network for ease access to facilities. Road infrastructure is beyond the ability of the University and this is why we call on our proprietor, Kwara state Governor, Alhaji AbdulRahman AbdulRazaq to intervene in this area”.
NIGERIA NEWS
Senator Marafa mocks Matawalle, says I made you to become a governor
By Idris Salisu, Gusau
Senator Kabiru Garba Marafa, has challenged the Defence Minister for state Bello Mohammed Matawalle, for his claimed to have assisted him while he was a Governor in Zamfara state, said it was him who supported Matawalle as he made him to become a Governor in 2023.
Senator Marafa in a statement by the Chairman Marafa Support Group, Alhaji Surajo Garba Maikatako, said for Matawalle to claimed that he assisted Senator Kabiru Garba Marafa is a complete falsehood.
Maikatako, said the recent statements by Tukur Danfulani the state APC Chairman, claiming his principal Bello Matawalle assisted Senator Kabiru Garba Marafa, is a complete falsehood as the truth about It has clearly shown.
He queried that, how can Tukur Danfulani has the audacity to challenge us to show where Matawalle helped Senator Marafa. “This is an inversion of reality. We are the ones who are supposed to ask where Matawalle helped Senator Marafa.
According to Maikatako, in the entire political history of Zamfara shows that, it was Senator Marafa who helped Bello Matawalle, adding that Allah made Matawalle Governor through Senator Marafa and whoever benefited from Matawalle’s government is a product of Senator Marafa.
“Senator Marafa brought the entire government of Bello Matawalle into existence. Matawalle himself acknowledged this and promised never to betray him, a promise he has now broken.”
“Now, Tukur Danfulani claims people are jealous of them. This is laughable. How can we be jealous of them? How can we envy what we ourselves created? He matawalle became governor through our principal senator Marafa. We are the source; they were the result. Their attempt to claim our success as their own is the ultimate sign of failure.
“Tukur Danfulani and his principal, Bello Matawalle, are failures. Their failure is political, moral, and now, historical. They have failed to honor a sacred debt, failed to uphold their promises, and now fail to even tell the truth about their own origins.
“While our principal, Senator Marafa, remains a fearless teller of truth, his former ally is shadowed by serious and specific allegations from credible sources—allegations he refuses to challenge in court. The people of Zamfara see this clearly.
“We do not envy failures. We stand on the solid ground of truth and principle with Senator Kabiru Garba Marafa.
The Chairman Marafa Support Group, therefore called on all supporters of Senator Kabiru Garba Marafa to remain calm and continue to abide by rules of democracy and fights where necessary to defend Senator Marafa’s political ideology.
The post Senator Marafa mocks Matawalle, says I made you to become a governor appeared first on Vanguard News.
NIGERIA NEWS
Catholic priest narrates how terrorists bombed Owo church in court
A Catholic priest and one of the victims of the terrorist attacks at St. Francis Catholic Church, Owo in Ondo State, on Thursday, narrated how the incident, which left over 40 worshippers dead and over 100 others in various degrees of injuries, occurred.
The priest, identified as “SSA” for security reasons, spoke while giving his evidence as 1st prosecution witness (PW-1) before Justice Emeka Nwite of the Federal High Court in Abuja.
The News Agency of Nigeria (NAN) reports that the terror attacks happened on June 5, 2022, at the church in Ondo State.
The Department of State Services (DSS), in a nine-count amended charge, is currently prosecuting five of the suspected terrorists before Justice Nwite.
The defendants include Idris Abdulmalik Omeiza (25 years), Al Qasim Idris (20 years), Jamiu Abdulmalik (26 years), Abdulhaleem Idris (25 years), and Momoh Otuho Abubakar (47 years).
The witness, while being led in evidence by DSS counsel, Ayodeji Adedipe, SAN, told the court that the attack took place towards the end of the First Pentecost Sunday celebration service, which was attended by many worshippers.
The priest, who said he presided over the service, said that as the service was coming to a close, they suddenly heard a loud noise, followed by sporadic shootings, which created commotion and chaos among worshippers.
The PW-1 described June 5, 2022, as a memorable day of his life.
“This is so because it was the day when the violent attack was launched on us, myself and all the worshiping community of St Francis Catholic Church, Owo, Ondo State.
“It was an incident which led to the death of over 40 persons among us, while some of us became maimed; some of us, till this point, have permanent physical injuries.
“I recall that the attack was towards the end of the worship that day.
“I was the priest assigned to lead the community in worship, which is known as the holy mass.
“Towards the end of the mass, I was performing the last rites and the people of God had started singing the recessional hymn, the closing hymn.
“Suddenly, I heard a loud sound. I looked into the congregation, facing them.
“There was already a commotion, which for me, I thought somebody had fallen.
“But, I sighted two men from our congregation, these men were members of our community.
“They quickly locked the main entrance door and another elder in the church came to me in the sanctuary and said to me, ‘Father, we are under attack.’
“From this point, I heard the sporadic shooting of guns.
“This was still outside the church. This elder told me, ‘Father you have to leave.’
“At first, I was reluctant to leave the sanctuary.
“If not for anything, but at least, because of those children, who call me Father.
“So, taking my leave from the sanctuary, I and some adults moved some of these children into a safe place; this is an attachment to the church.
“When I was in this place (the safe place), I continued to hear the continuous shooting of guns and the use of about three explosives.
“The third explosive landed very close to the safe place, where I was with the children, with the effect which looked like the opening of the ground.
“The effect was like the ground opening to swallow us immediately.
“So, the attack continued. After a while, some of our church members came into this place (safe place) and notified us that those, who came to attack us have left.
“Moving out with the children, I saw my choir master shot at the chest.
“He called me to pray for him. I did, but I told him I have to move him to the hospital.
“When I got out, I saw some already dead on the floor.
“So, I shouted that if there is any of us, who could still drive, let us begin to move our brothers and sisters to the hospital,” the PW-1 said.
When asked if he counted the number of the dead, the witness said he couldn’t ascertain the number of those killed under the commotion that the attackers created in the church environment on that day.
“It was with that violent attack that I understood that proverb that says, ‘the one struck or hit by a vehicle does not wait to take note of the vehicle’s number plate.’
“So, I could not immediately count the number of those dead.
“Personally, I went two times to the Federal Medical Centre (FMC), Owo to take the casualties to the hospital.
“By the time I came the second time, there were already ambulances, both from FMC Owo and St. Louis Catholic Hospital, Owo, also moving the casualties to these two hospitals.
“The second time I got to FMC, the emergency ward was filled up with these casualties.
“The casualties were those that were killed and injured.
“With the wailing, weeping and crying from people, I couldn’t even drive again.
“The care and healing of those injured continued,” the witness said.
The priest said he was later invited to the DSS office in Akure, Ondo State, where he made a statement.
When he was being cross-examined by the defence lawyer, Abdullahi Mohammad, the witness said he could not ascertain the number of those who carried out the attack.
“With the commotion in the church, and my desire to rescue, especially the children, quickly as possible, I could not, and I did not identify or recognise those who carried out the attack.
“Therefore, I don’t know their number,” he said.
On how he could rescue the children, the witness said the children were at the foot of the sanctuary, where he was standing, when the attack started.
“As I said, with some adults, I moved with the children to a safe place.
“This safe place is the restroom, attached as a building to the sanctuary.
“From that building that is attached, you can move into the sanctuary and out of it,” he said.
Earlier at the commencement of proceedings, Adedipe informed the court that the charge had been amended to correct some minor errors.
He applied that the amended charge should be ready for the defendants, which was done, and the defendants all pleaded not guilty.
Justice Nwite adjourned the matter until January 13 and January 14, 2026, at 12:00 pm each day for the continuation of the hearing.
NIGERIA NEWS
Tinubu writes Senate, forwards 2026-2028 MTEF/FSP – Tribune Online
…FG projects N54.5trn for 2026
The Federal Government proposes a budget plan of about N54.5trillion for 2026 amid the ongoing implementation of the overlapping 2024 budget and the 2025 budgets.
The disclosure came as the Presidency forwarded the 2026-2028 Medium Term Expenditure Framework and Fiscal Strategy Paper (FSP) to the Senate on Thursday.
The MTEF/FSP had already been approved by the Federal Executive Council (FEC) at its December 3 meeting.
In 2025, the country budgeted N54.99trn.
The MTEF/FSP lays out the government’s spending plans across the next three years, usually incorporating the key revenue sources, oil production expectations, and the dollar/naira exchange rate, among others.
In a letter read to senators by the Deputy President of the Senate, Senator Barau Jibrin, President Bola Tinubu wrote, “As the 2026 budget of the Federal Government will be prepared based on the parameters and fiscal assumptions of the approved 2026–2028 MTEF and FSP, I seek the cooperation of the National Assembly for expeditious legislative action on the submission.”
For 2026, the document tallies Nigeria’s total revenue at about N34.33trn.
This implies that the government will have to shop for another N20 trillion to take care of the deficit, and a debt-servicing implication of around 15.9 trillion.
Crude oil production, the main revenue source, is put at 1.84million/bpd and benchmark of $64,85 per barrel.
The MTEF projects the 2026 recurrent/non-debt expenditure N15.27trn.
Other projections include a dollar/naira exchange rate of USS1/1,512 and Gross Domestic Product (GDP) growth of 4.68 per cent.
The 2026-2028 MTEF arrived at the National Assembly late, as Section 11(1)(b) of the Fiscal Responsibility Act 2007 provides that the document should reach the Legislature not later than four months before the commencement of the next financial year.
It states, “The Federal Government after consultation with the States shall: (a) not later than six months from the commencement of this Act, cause to be prepared and laid before the National Assembly, for their consideration a Medium-Term Expenditure Framework for the next three financial years; and (b) thereafter, not later than four months before the commencement of the next financial year, cause to be prepared a Medium-Term Expenditure Framework for the next three financial years.”
The country faces some confusion arising from overlapping budgets from 2024 and 2025.
At the moment, the capital components of the 2024 main budget and the 2024 supplementary budget are still running, having been extended to December 31.
Meanwhile, the implementation of the 2025 budget, especially the capital component, is being delayed until 2026.
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