News
N54tn budget: Experts blast Tinubu over additional N4.5tn
Some players in the Nigerian economy have shared different views following the decision of the Federal Government to increase the 2025 Appropriation Bill from N49.7tn to N54.2tn on the back of additional revenues generated by key government agencies.
On Wednesday, letters from President Bola Tinubu were read on the floor of the Senate indicating the adjustments in the yet-to-be-passed budget.
The President conveyed the budget adjustment in separate letters sent to both the Senate and the House of Representatives, which were read during Wednesday’s plenary by the Senate President, Godswill Akpabio.
Tinubu presented a N49.7tn budget proposal, themed ‘Budget of Restoration: Securing Peace, Rebuilding Prosperity,’ to the National Assembly in November.
The Federal Government projects a total revenue of N36.35tn for 2025, anchored on improved non-oil revenue generation. This includes expanded tax collections, customs duties, and independent revenue from government-owned enterprises, alongside oil revenue projections based on a crude oil benchmark of $75 per barrel, a production target of 2.06 million barrels per day, and an exchange rate of N1,500 per USD.
The total expenditure of N49.7tn includes significant allocations to critical sectors while targeting a fiscal deficit of N13.39tn (3.96 per cent of GDP). This deficit will be financed through domestic and external borrowings as well as innovative public-private partnership arrangements.
Tinubu said the increase was driven by N1.4tn in additional revenue from the Federal Inland Revenue Service, N1.2tn from the Nigeria Customs Service, and N1.8tn generated by other government agencies. Following the reading of the letter, Akpabio referred the President’s request to the Senate Committee on Appropriations for urgent consideration.
He also assured lawmakers that the budget would be finalised and passed before the end of February.
President Tinubu had in a letter read on the floor of the Senate and House of Representatives same day premised the request to increase the budget proposal to additional revenue generated by key agencies of government.
According to the letter, the Federal Inland Revenue Service generated N1.4tn, the Nigeria Customs Service generated N1.2tn while the sum of N1.8tn was generated by other government-owned agencies.
The Federal Government said the increase would also support its diversification programme by investing more into the solid minerals sector and infrastructure projects.
The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this to journalists after he saw off President Bola Tinubu to the Nnamdi Azikiwe Airport, Abuja, en route to France.
In a letter dated February 3, 2025, addressed to the Speaker of the House of Representatives, Tajudeen Abbas, Tinubu sought an additional N4.5tn to the 2025 Appropriation Bill being considered by the National Assembly.
Explaining the rationale for the adjustment, Bagudu said it was established that the government-owned enterprises, including the Nigeria Customs Service, could contribute more revenue.
He said, “You will recall, Mr President submitted the N49tn budget to the National Assembly, and legislative work commenced.
“The legislative work continued with interactions between the executive and the National Assembly. The National Assembly and the Economic Management Team continued to interrogate all figures.
“In that process, the Senate Committee on Appropriation, Senate Committee on National Planning, and Senate Committee on Finance established that we can generate more revenue by tasking all the institutions to do more, and the Federal Inland Revenue Service confirmed the ability to do more than was submitted.”
He added, “Equally, it was established that the government-owned enterprises could contribute more revenue, as well as the Customs Service.
“So, additional revenue amounting to over N4.5tn was established, and this was taken to the President.
“And guided that this additional revenue should be used further to strengthen the Bank of Agriculture, Bank of Industry, support the diversification programme by putting more money in the solid minerals sector and infrastructure projects.”
However, economist and sustainability expert Marcel Okeke slammed the government for the impromptu increment.
“The world has started doing all that they want to do about Nigeria, on Nigeria, for Nigeria, and with Nigeria based on those figures. We are talking about institutions; analysts all over the world have been using those figures. You may not understand the enormity of this move. Because of the mood that we are in now, people may be clapping that FG saw more money and brought it, but that is not how to do a budget. Who says they will not come back again before the National Assembly finishes the job? My position is that they should have waited and come up with a supplementary budget.”
Chief Economist and Partner at SPM Professionals, Paul Alaje, also raised concerns about the effect of the increased spending on the inflation target of the federal government, which was 15 per cent.
Alaje said, “I think it is straightforward. Number one, FG is claiming that because some agencies of government are now generating more revenue, therefore, they feel we can spend more. Also, I think the real reason is that there seem to be some projects that had been exempted from the 2025 budget, and the government thought it important to add them back to the budget.
“These are some of the factors for the government adding to the 2025 budget, but with this amount in the economy, you should note that the government’s expectation of 15 per cent inflation may remain a mirage.”
Managing Director of Arthur Steven Asset Management Limited, Tunde Amolegbe, sees this as a welcome development that would enable infrastructural growth.
He said, “I have always been an advocate for an ambitious budget because that’s the only way we can improve our grossly inadequate infrastructure before we can even contemplate gravitating towards a productive economy. On a per capita basis, if you look at our budget, we are way below that of countries with similar demographics in terms of population and age. How then do we hope to lift our people out of poverty when the government itself isn’t spending enough to raise people’s standard of living?”
Sounding a note of caution, Amolegbe, a former president of the Chartered Institute of Stockbrokers, affirmed that it is important “that we keep our eye on ratios such as debt-to-revenue and debt-to-GDP to ensure we do not tip into over-leveraged territory.”
A leading economist, who spoke on condition of anonymity, faulted the budget proposal raise, saying it would worsen the economy.
He said, ‘”Why would government raise the budget when its deficit is running to almost N16tn. The deficit is hitting up the economy. With all these borrowings here and there, government should have simply reduced the deficit. By the way, how are we sure the government will even generate up to the budgeted amount. Over the years, have we been generating enough to meet the revenue target? We don’t have that track record.”
Meanwhile, the House of Representatives has thrown its weight behind President Tinubu’s proposal to the National Assembly to increase the 2025 budget proposal from N49.7tn to N54.2tn, saying the development is driven by additional revenue from key government agencies.
After reading the letter on the floor of the Senate and House of Representatives on Wednesday, Senate President, Godswill Akpabio, and the Deputy Speaker of the House of Representatives, Benjamin Kalu, who presided over plenary sessions at the Red and Green Chambers respectively, referred it to the Committees on Finance and Appropriations for quick consideration.
This is even as the Senate President assured Nigerians that the 2025 budget proposal would be passed before the end of February.
In an interview with The PUNCH, the spokesman of the House of Representatives, Akin Rotimi, stated that the parliament had a way of handling such requests.
“We have legislative processes on this and other such matters. The executive proposal has been referred to the House Committee on Appropriations for further legislative action,” he said.
Ebonyi State is still awaiting the arrival of three aircraft Governor Nwifuru reportedly paid for about two years ago.
The governor had promised the arrival of the aircraft years back but as at the time of this report not even one aircraft has landed to start the proposed Ebonyi Air.
This is even as Enugu Air which is taking over the Nigeria Airspace has secured regulatory approval to commence direct flights between Lagos and London Gatwick in December 2026, with bookings for the international route now open.
The state-owned airline announced the development in a statement on Wednesday, describing the approval as a major milestone in its international expansion and efforts to strengthen air connectivity between Nigeria and the United Kingdom.
The Lagos-London Gatwick service will be operated in partnership with Omni-Blu Aviation (OBA), which has been appointed as the designated operating partner for the route.
“Enugu Air has received approval for its Lagos-London Gatwick route, with Omni-Blu Aviation (OBA) appointed as the designated operator under a strategic partnership.
“Bookings are now open, and flights will commence in December 2026,” the statement said.
For an airport that has refused to function the governor may have decided to change the narrative but for some reasons the project may have gone the way of the Vanco flyover which has become a burden to the government.
While the former governor Dave Umahi completed flyover projects in less than one year, Governor Nwifuru has failed to deliver just one in more than three years.
As Enugu Air goes to the United Kingdom, Ebonyi people are whispering the question in hushed tones for fear of the unknown; “when will the planes arrive?
Meanwhile, Enugu Air described the latest development as a significant step towards expanding its international operations, improving passenger connectivity and creating new opportunities for trade and investment between Nigeria and the United Kingdom.
It also credited Governor Peter Mbah’s strategic aviation agenda, saying his administration’s vision was positioning Enugu as an emerging gateway for international connectivity, investment, tourism and economic growth.
The announcement comes barely six weeks after Enugu Air operated its maiden international flight to Douala, Cameroon, on September 23, 2026.
Launched in July 2025 with an initial fleet of three Embraer aircraft comprising the E170 and E190 series, the airline was established as part of the Mbah administration’s integrated plan to develop a modern, multimodal transport system.
The initiative is also aimed at positioning Enugu as a major aviation hub in West and Central Africa.
Since its launch, Enugu Air has expanded its fleet and route network, with the latest regulatory approval representing another step in its international expansion drive.
No wonder the Ebonyi governor took the whole time given to him at the recent APC rally in Enugu to praise the developmental magic Governor Peter Mbah is doing. The governor could not name one project he was able to deliver for his people.
News
Ogarabe Returns To Enugu As Commissioner Of Police As PSC Deploys New Commissioners To Four States
The Police Service Commission (PSC) has approved the deployment of four new Commissioners of Police to Enugu, Plateau, Nasarawa and Ondo states.
Among the newly deployed officers is CP Fidelis Ogarabe, who has been appointed Commissioner of Police for Enugu State.
Ogarabe was formerly the Commissioner of Police in charge of the INTERPOL Annex, Lagos.
Other officers affected by the deployment include CP Sunday J. A. Okoebor, formerly Commissioner of Police, Police Accounts and Budget, Force Headquarters, who has been posted to Plateau State.
CP Sheikh Mohammed Danko, formerly Commissioner of Police, Force Intelligence Annex, Lagos, has been deployed to Nasarawa State, while CP Johnson Ayodeji Babalola, formerly of the Special Inquiry Unit, Force Headquarters, Abuja, has been posted to Ondo State.
The appointments followed a series of interviews conducted by the commission to assess the officers’ fitness, competence and suitability for their new responsibilities.
The deployment was approved on Thursday at the Solomon Arase Conference Hall, Police Service Commission Headquarters, Abuja.
In a statement signed by the commission’s Head of Protocol and Public Relations, Torty Kalu, the PSC said the appointments were made in accordance with its constitutional mandate.
The Chairman of the commission, DIG Hashimu Salihu Argungu, said the appointments were consistent with Section 215(1)(b) of the 1999 Constitution, which provides for the commission’s authority in the appointment of Commissioners of Police for the states and the Federal Capital Territory.
Argungu, who was represented by a board member, Justice Paul Adamu Galumje (JSC, rtd.), said the officers had been found worthy in learning and character following the assessment.
He charged the newly deployed commissioners to discharge their responsibilities with impartiality, professionalism and a strong commitment to the expectations of their respective offices.
News
Failed Government: Nwifuru Praises Mbah’s Achievements in Enugu, Fails to Highlight Own Projects at APC Rally
The Anyichuks Campaign Office has criticised Ebonyi State Governor, Francis Nwifuru, for failing to showcase any significant achievements of his administration during the Southeast presidential campaign flag-off of the All Progressives Congress (APC) Women’s Mobilisation held at Okpara Square, Enugu, describing his remarks as another indication of the absence of tangible accomplishments to justify his four years in office.
The campaign office expressed disappointment that while the governors of Imo and Enugu states used the opportunity to reel out projects and development initiatives executed with their respective states’ resources and federal allocations, Governor Nwifuru chose to devote his speech to praising his Enugu counterpart, Governor Peter Mbah.
According to the campaign office, the contrast was particularly striking because the event provided an opportunity for the three governors to demonstrate what their respective administrations had achieved and how they had deployed public resources to improve the lives of their people.
“But when the microphone got to Governor Nwifuru, what did Ebonyi people hear? Instead of telling the audience what he has done with the enormous resources accruing to Ebonyi State, he chose to commend Governor Peter Mbah for his achievements in Enugu State.
“Why couldn’t he tell the gathering what he has done with Ebonyi people’s money? Why was he more interested in celebrating another governor’s achievements than presenting his own scorecard to the people he was elected to serve?” the campaign office queried.
It recalled that Nwifuru, in his remarks, praised Governor Mbah for initiatives aimed at promoting unity, developing skills and introducing innovations to women, but offered no comparable account of what his administration had done to advance the welfare and economic fortunes of Ebonyi residents.
The campaign office said the governor’s decision to focus on another state’s achievements, rather than present his own administration’s record, was a missed opportunity that had further reinforced public concerns about his performance.
“It is particularly unfortunate that a governor who has spent almost four years in office could stand before an audience of political leaders and party faithful without identifying concrete achievements of his administration that ordinary Ebonyi people can relate to.
“Ebonyi people deserve more than political slogans, praise-singing and repeated appeals for votes. They deserve leadership that can point to measurable improvements in their living conditions, infrastructure, education, healthcare, employment and economic opportunities.”
The campaign office further argued that Nwifuru’s remarks were symptomatic of what it described as an administration that had failed to add sufficient value to the lives of ordinary men and women in Ebonyi State.
It said the governor’s appeal to women to support the APC and his declaration that the party had an open manifesto would mean little to citizens who, according to the campaign office, were more interested in the practical benefits of governance than political promises.
The office said the growing clamour for Anyichuks to emerge as Ebonyi State’s next governor was rooted in the people’s desire for a departure from what it described as years of disappointing leadership and unfulfilled expectations.
It maintained that Ebonyi could not afford another administration that would merely occupy the Government House without delivering meaningful improvements in the lives of its citizens.
“The growing support for Anyichuks is a reflection of the people’s hunger for a government that understands their struggles and is prepared to translate public resources into tangible benefits.
“Ebonyi people cannot continue to endure an administration that adds little or no value to the everyday lives of ordinary citizens. They want a government that will create opportunities, empower families, support businesses and ensure that the state’s resources work for the people.
“Leadership is not about praising another governor for what he has accomplished. It is about being able to stand before your own people and account for what you have done with the mandate and resources entrusted to you.”
The campaign office therefore urged Ebonyi residents to look beyond party slogans and political endorsements and begin demanding accountability, measurable performance and leadership that places the welfare of the people above political interests.
It said Anyichuks represented the aspiration for a new direction in Ebonyi State, insisting that the state deserved leadership capable of converting its resources and enormous human potential into prosperity for its people.
By Ugoo Aniagoh
From the restoration of electricity at the local government secretariat after 13 years to renewed road, water, sanitation and security initiatives, the Okakpu-led administration is setting its governance agenda in motion.
The administration of Hon. (Dr.) Ikechukwu Okakpu, popularly known as OKD Jnr, and his Deputy, Hon. Ifunanya Nwanadile, has recorded a number of developmental milestones as the duo mark their first 30 days in office as Mayor and Deputy Mayor of Njikoka Local Government Area of Anambra State.
Since assuming office on October 3, 2026, the administration has initiated interventions across critical sectors, including infrastructure, environmental sanitation, water supply, grassroots governance and community security.
One of the notable achievements recorded within the period is the restoration of electricity at the Njikoka Local Government Secretariat after 13 years without public power supply. The development marks a significant improvement in the working environment at the council headquarters and is expected to enhance administrative efficiency.
In the area of water infrastructure, rehabilitation of pipe-borne water facilities across the local government has commenced, reflecting the administration’s commitment to improving access to basic amenities.
The administration has also strengthened its governance structure through the appointment and inauguration of elected councillors, Supervisory Councillors and Special Advisers to support grassroots representation, policy implementation and effective service delivery.
Environmental sanitation has received considerable attention, with over 100 ad-hoc workers engaged to support waste management, routine cleaning and general environmental sanitation across the local government.
On infrastructure development, the administration has commenced a Public-Community-Private Partnership (PCPP) road project along the Awovu–Osili axis in Enugwu Ukwu. An assessment of Ezi Norbert Road has also been conducted as part of efforts to identify infrastructure needs and explore possible interventions.
Security has equally featured prominently in the administration’s first-month activities. Adopting a zero-tolerance stance towards insecurity, the council has mounted CCTV cameras at strategic locations to strengthen surveillance and improve security monitoring.
In a grassroots-driven security initiative, local traders and street operators have also been engaged as Community Safety Marshals. Equipped with walkie-talkies, the marshals are expected to serve as additional sources of community security intelligence, promptly reporting suspicious movements and activities to the appropriate authorities.
These initiatives represent some of the administration’s early efforts to address longstanding challenges while laying the groundwork for sustained development across Njikoka’s six communities.
Speaking through its first-month performance record, the administration maintains that its focus remains on practical governance, improved public services, environmental responsibility, infrastructure development and a safer community.
Although the administration is still in its early days, its first 30 days have provided an indication of its immediate priorities and development direction.
For residents of Njikoka, the expectation will now be to see these initial interventions translated into sustainable projects, measurable improvements and lasting impact across the local government.
Thirty days down, more work ahead. Njikoka First.
The Federal Government has released guidelines explaining how Nigerians selected for its N50,000 relief grant can confirm their eligibility, accept the offer, access the funds and withdraw the money.
The government also warned beneficiaries against fraudsters seeking to exploit the intervention by demanding money or sensitive personal information.
The National Emergency Relief and Stabilisation Intervention (NERSI) is designed to support vulnerable households struggling with rising living costs.
The programme, managed by the Federal Ministry of Humanitarian Affairs and Poverty Reduction, provides a one-off grant of N50,000 to selected beneficiaries through mobile wallets operated by five approved payment providers.
According to the frequently asked questions published on the programme’s website and sighted by PUNCH Online on Thursday, the grant is not a loan, requires no repayment and can be accessed without a smartphone or internet connection.
Here are the key things Nigerians need to know about the programme.
1. Who qualifies for the N50,000 grant?
The government said beneficiaries were selected from the National Social Register and verified national identity records.
It explained that individuals cannot apply directly or pay anyone to secure a place on the beneficiary list.
Selection is based on need, with beneficiaries drawn from the six geopolitical zones, irrespective of religion, ethnicity or political affiliation.
The government also clarified that payments would be made in phases, meaning not everyone would receive a notification at the same time.
2. How can you check if you are eligible?
Selected beneficiaries will receive SMS notifications from one of the five approved payment providers: ALAT, MoMo PSB, NairaGram, OPay and Moniepoint.
The messages will confirm their selection and provide a USSD code to dial to accept the grant.
Beneficiaries can also dial their assigned provider’s USSD code and select the eligibility-check option to confirm their status.
Those who are not selected will receive a notification informing them that they are currently not eligible for the relief support.
3. How do beneficiaries claim the N50,000?
Recipients are required to dial the USSD code contained in the notification from their payment provider and follow the instructions.
The process activates a mobile wallet, after which the N50,000 is credited and a confirmation SMS is sent.
The government stressed that receiving a selection message does not automatically mean the money has been paid. Beneficiaries must first accept the offer.
Those who mistakenly reject the offer can dial the code again and select the acceptance option.
4. Can people without smartphones receive the grant?
Yes. The government said beneficiaries do not need smartphones or internet access to receive the money.
A basic mobile phone is sufficient because the USSD codes work without an internet connection.
However, customers of OPay, Moniepoint and MoMo PSB can also use their providers’ official mobile applications to access their wallets and carry out transactions.
5. How can beneficiaries withdraw the money?
Beneficiaries can withdraw their funds through Point of Sale agents by transferring money from their mobile wallets and collecting cash.
Each approved payment provider also offers alternative withdrawal and transfer options.
The available USSD codes include:
- ALAT: Dial 94523Account NumberAmount# to transfer funds.
- MoMo PSB: Dial 6710# or use the MoMo NG application.
- NairaGram: Dial 72600#.
- OPay: Dial 95520# or use the OPay application.
- Moniepoint: Dial 557327# or use the Moniepoint application.
Beneficiaries can withdraw the entire N50,000 or take only part of it, leaving the balance in their wallets.
They can also transfer the money to personal bank accounts or other beneficiaries through the available channels.
6. Are there charges for receiving the grant?
The government said accepting the grant, receiving the money and responding to programme SMS notifications are free.
However, POS operators may charge their usual withdrawal fees when beneficiaries collect cash.
Recipients are therefore advised to confirm the applicable charges before completing transactions.
7. What if you have not received an SMS?
The government explained that payments were being made in phases, with payment providers contacting beneficiaries in batches.
Therefore, not receiving an SMS does not necessarily mean an individual has been permanently excluded.
Interested persons can check their eligibility through their assigned provider’s USSD code.
The government, however, warned that nobody could add an individual to the beneficiary list or accelerate payment in exchange for money.
8. How can beneficiaries avoid fraud?
The government warned Nigerians against individuals claiming they could help them secure or release the N50,000 grant for a fee.
It stressed that programme officials and payment providers would never request beneficiaries’ PINs, one-time passwords or Bank Verification Numbers.
Genuine messages will come only from the official sender names of the five approved payment providers and will not contain links.
Beneficiaries were also advised against clicking unfamiliar links, downloading unknown applications or forwarding WhatsApp messages claiming that sharing them would guarantee access to the grant.
The government further warned recipients not to refund money to anyone claiming that the payment was made in error. Such claims should first be verified through the provider’s official customer service channels.
9. What happens if you lose your phone or SIM card?
Beneficiaries who lose their phones or SIM cards should immediately contact their payment providers to secure their wallets.
They should also obtain replacement SIM cards bearing the same phone numbers from their network operators.
The government assured beneficiaries that their money would remain in their mobile wallets even if they lost their phones or SIM cards.
10. What should beneficiaries do if their USSD codes stop working?
The programme advised beneficiaries to check their network signals and retry if their USSD codes fail.
If the problem persists, they should contact their payment providers through their official customer service channels.
The following helplines were provided:
- ALAT by Wema: 0803 900 3700
- MoMo PSB: 671 or 0803 106 7100
- NairaGram: 0201 330 0880 or 0201 330 0881
- OPay: 0700 888 8328 or 0201 888 8328
- NERSI programme: 0700-022-2222
Enquiries concerning mobile wallets and payments should be directed to the respective providers, while questions about the intervention can be addressed to the programme’s helpline.
11. Which organisations are authorised to disburse the grant?
The Federal Government identified five approved payment providers for the N50,000 intervention.
They are ALAT, the digital banking platform of Wema Bank; MoMo PSB, a licensed Payment Service Bank; NairaGram, a digital money transfer service; OPay, a licensed mobile money operator; and Moniepoint, a licensed microfinance bank.
Beneficiaries were advised to deal only with their assigned providers and use official channels for enquiries and transactions.
The government reiterated that beneficiaries do not need to pay anyone, click external links or download unfamiliar applications to access the grant.
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