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Nigeria

Fed Govt says FAAC deductions are lawful not missing funds

The Federal Government has dismissed claims that revenues in the Federation Account are being diverted through illegal deductions. It said all deductions made before sharing funds at the Federation Account Allocation Committee are lawful and backed by existing fiscal rules.​ Minister of State for Finance Taiwo Oyedele explained in a statement that recent public comments were based on a wrong reading of a World Bank analysis. According to him the deductions highlighted in that report are legitimate fiscal obligations not hidden spending or leakages.​ Oyedele said it is misleading to describe the items as waste or missing money. He noted that the figures cover statutory transfers savings investments security related spending and cost of collection charges. They also include refunds to ministries departments and agencies as well as targeted interventions intended to support state and local governments.​ He stressed that […]

Abdulmumini Auwal SA April 20, 2026

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Nigeria

Tinubu says he took over from himself after Buhari

President Bola Tinubu has said he does not dwell on the state of the economy he met in office because he believes he simply took over from himself when he succeeded the late former President Muhammadu Buhari.​ Tinubu made the comment while hosting the Renewed Hope Ambassadors, a group created to explain his government’s agenda and reforms across the country. He described Buhari as his partner and argued that taking over from him was like taking over from himself.​ He told the group that leadership is a difficult journey but urged them to remain committed to renewing citizens’ hope. Tinubu said that if something in government is wrong, the task is to live with it, fix it and move on instead of complaining.​ The president promised his supporters that he would not abandon them. He said their role is to […]

Abdulmumini Auwal SA April 17, 2026

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Nigeria

Cardoso says Nigerian economy now stronger against global shocks

Nigeria’s economy is now stronger and better positioned to withstand global economic shocks, according to Central Bank of Nigeria Governor Olayemi Cardoso . Speaking at the Africa Capital Forum in London on the sidelines of President Bola Ahmed Tinubu’s state visit to the United Kingdom, Cardoso said the financial system is being strengthened through disciplined monetary policies and institutional reforms . He explained that the CBN is reviewing its policy framework to make decisions more predictable and reduce uncertainty for investors, with the goal of developing clear, consistent and meaningful policies rather than relying on discretion . Cardoso disclosed that the apex bank has completed work on a new Payments System Vision for Nigeria, which will soon be launched to position the country as a major player in digital payments and cross border transactions across Africa . On the foreign […]

Abdulmumini Auwal SA March 19, 2026

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Entertainment

Seun Kuti urges jailing of pastors who stage fake miracles

Afrobeat singer Seun Kuti has called on the federal government to introduce strict laws against pastors who claim to perform fake miracles . In a video shared online, he urged the authorities to regulate miracle claims by requiring that they be verified and confirmed by medical experts . Kuti suggested that institutions such as Lagos University Teaching Hospital should be involved in checking whether any alleged miracles are genuine . He argued that supposed miracles must be repeatable and demonstrable under medical supervision before they can be accepted as real . To illustrate his point, he said a true miracle would include restoring full sight to a person who has no eyeballs at all, not just someone who has been blind for many years . Kuti said anyone who claims to perform miracles should be ready to repeat them for […]

Abdulmumini Auwal SA March 17, 2026

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Entertainment

Remi Surutu says Tinubu not to blame for fuel price hikes

Veteran actress Remi Surutu has defended President Bola Tinubu’s administration over the recent surge in fuel prices, saying the hikes are driven by global forces and not by the president or his government . Surutu spoke at the launch of EKO57, a support group created to mobilise backing for Tinubu’s second term bid, where she argued that decisions by world leaders largely determine petrol prices worldwide . She recalled confronting someone who blamed Tinubu for the fuel hike, insisting that the president is not responsible for the rise in petrol costs and that fuel pricing is influenced by international actors and market dynamics . According to her, many Nigerians wrongly assume that Tinubu controls fuel prices, whereas the increases reflect wider global economic and political developments beyond the direct control of the Nigerian government . Surutu reaffirmed her long standing […]

Abdulmumini Auwal SA March 17, 2026

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Nigeria

Middle East crisis: NLC demands COLA, wage award, tax relief

The Nigeria Labour Congress has asked the Federal Government to introduce immediate measures such as cost of living allowance, wage awards and tax relief to cushion the impact of the ongoing Middle East crisis on Nigerian workers.The union said rising global tensions have worsened fuel prices, transport costs and inflation, deepening hardship for salaries that were already inadequate. NLC President Joe Ajaero noted that workers were struggling even before the latest spike in energy costs and warned that many households can no longer cope without urgent support.He explained that the current N70,000 minimum wage has been overtaken by inflation and does not reflect the real cost of food, transport, housing and basic services. The NLC is therefore pushing for a cost of living allowance to be paid on top of existing wages so that workers can absorb sudden price shocks.Ajaero […]

Abdulmumini Auwal SA March 15, 2026

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Nigeria

Tinubu’s foreign trips strengthening Nigeria’s global partnerships – Yilwatda

All Progressives Congress (APC) National Chairman, Prof. Nentawe Yilwatda, says President Bola Tinubu’s foreign travels and meetings with world leaders have significantly strengthened Nigeria’s global partnerships and attracted major investment commitments.​ In a statement by his Special Adviser on Media and Communications Strategy, Abimbola Tooki, Yilwatda said Tinubu’s trips are “purposeful actions” focused on economic cooperation, trade expansion and strategic alliances, not mere ceremonial visits. He noted that since taking office in May 2023, the president has visited key countries across Africa, Europe, the Middle East, Asia and the Americas, including the US, UK, France, Germany, China, India, Saudi Arabia, Qatar and Brazil.​ According to Yilwatda, these engagements have helped reposition Nigeria on the global stage and yielded “sustained diplomatic and economic outreach” with measurable gains. He stated that Nigeria has secured over 50 billion dollars in foreign direct investment […]

Abdulmumini Auwal SA February 3, 2026

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Nigeria

Nine states take lead on new tax harmonisation laws

Nine states have so far domesticated Nigeria’s new tax harmonisation laws designed to end multiple taxation and uncoordinated levies. The states are Bayelsa, Anambra, Ekiti, Gombe, Kogi, Nasarawa, Plateau, Kwara and Zamfara, while 27 others are still at various stages of adoption.​ The reforms build on a model Tax Harmonisation Law developed by the Presidential Fiscal Policy and Tax Reforms Committee for states and local governments. The aim is to tackle illegal collections, remove non-state actors from revenue drives and create a clearer, more predictable tax environment for businesses and citizens.​ Committee chairman Taiwo Oyedele said it is vital for states to pass their own harmonisation laws to address multiple taxation at sub-national level. The Joint Revenue Board described the early moves by the nine states as a key step towards eliminating illegal tax collection and improving the fiscal climate.​ […]

Abdulmumini Auwal SA January 18, 2026

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Nigeria

Presidency explains rise in 2026 budget to N58trn

The Presidency says the proposed 2026 federal budget of N58.18 trillion is aimed at consolidating reforms, boosting growth and tackling security and social challenges, not just expanding spending for its own sake. The aggregate expenditure is about six per cent higher than the 2025 estimate of N49.7 trillion, reflecting what officials describe as a more ambitious but targeted fiscal plan.​ According to presidential officials, the increase is driven mainly by higher allocations to defence, internal security and law enforcement in response to persistent insurgency, banditry and other threats. The 2026 plan earmarks about N5.41 trillion for security related spending, making it one of the largest single components of the budget.​ The budget also scales up capital investment in infrastructure, including roads, rail, power and public assets needed to support private sector led growth. Government argues that sustained infrastructure funding is […]

Abdulmumini Auwal SA December 22, 2025

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Nigeria

Dangote refinery row forces regulators to resign

The Nigerian oil and gas industry has been thrown into uncertainty following the resignation of the chief executives of the Nigerian Upstream Petroleum Regulatory Commission, NUPRC, Engr Gbenga Komolafe, and the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Engr Farouk Ahmed. Both NUPRC and NMDPRA are responsible for enforcing petroleum laws, regulations and guidelines in the upstream and downstream sectors. Komolafe and Ahmed were appointed in September 2021 by former President Muhammadu Buhari after the Petroleum Industry Act, PIA, came into force and had been reporting directly to President Bola Tinubu, who is also the Petroleum Minister, until their resignations. Farouk Ahmed’s exit follows his recent clash with industrialist Aliko Dangote, who petitioned the Independent Corrupt Practices and Other Related Offences Commission, ICPC, over alleged misconduct. Dangote accused the NMDPRA leadership of economic sabotage, claiming that its policies were […]

Abdulmumini Auwal SA December 18, 2025

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