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Pressure on the Presidency over the widening PFIPC scandal has taken a sharper turn, with Paul Ibe, Media Adviser to former Vice President Atiku Abubakar, insisting that President Bola Tinubu’s order for an anti-graft probe means little unless the officials at the heart of the matter step aside first. Ibe, in a post on…
A fresh political storm has gathered around the 2026 budget after former Vice President Atiku Abubakar accused President Bola Tinubu of presiding over what he called a deliberate pattern of budget manipulation, following disclosures that an education agency created to rescue millions of out-of-school children was loaded with billions of naira for road construction…
The Federal Government has moved to shut down a fast spreading narrative that it quietly spent trillions of naira outside the approved budget, insisting that reports crediting the claim to the International Monetary Fund misrepresent what the Fund actually said. The pushback came on Sunday in a statement from the Minister of Finance and…
An admission from the International Monetary Fund that Nigeria left public spending worth about two per cent of its Gross Domestic Product out of recent budget records has handed the opposition fresh ammunition, with former Vice President Atiku Abubakar now demanding that President Bola Tinubu’s government account for money he insists “somebody spent” and…
Nigeria’s fiscal managers have thrown open the debt taps at a pace not seen in recent memory, moving early and aggressively into the domestic market to raise cash before borrowing costs climb any higher. The strategy, described in the latest Fixed Income Thematic Report by Meristem Securities Limited, points to a government determined to…
The Federal Government has raised its 2026 independent revenue target to N2.5tn to boost non-oil income. Acting Executive Chairman of the Fiscal Responsibility Commission, Charles Abana, announced the fresh target in Abuja. The policy shift follows the close monitoring of N1.84trn generated by public agencies as of September 2025. This ambitious fiscal benchmark comes at…
Nigeria channels nearly five times more of its national revenue into servicing external debt than it commits to healthcare and education combined, a fresh review by ActionAid International and ActionAid Nigeria has found, framing the country’s fiscal squeeze as a direct casualty of policy advice from the International Monetary Fund. The report, released on…
A privately authored, five-year blueprint proposing N154 trillion to overhaul Nigeria’s education system has entered public debate at a moment when the country still carries the world’s heaviest burden of out-of-school children and continues to fund the sector well below international benchmarks. The plan, branded the Nigeria Education Transformation Initiative, was set out in…
President Bola Tinubu has requested the National Assembly to approve an upward revision of the 2026 Appropriation Bill by N9 trillion, raising the proposed budget from N58.4 trillion to N67.4 trillion. The request was contained in a letter read on the Senate floor on Tuesday by the President of the Senate, Godswill Akpabio, during…
Nigeria’s National Assembly is rarely accused of moving too slowly when money is on the table. Yet, the decision to postpone plenary resumption from February 24th to March 5th suggests a rare outbreak of diligence. The official reason is the need for committees to conclude budget defense sessions with government agencies. The unofficial reality is…
