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President Bola Tinubu has been described as deserving of reelection for putting in place a solid foundation for sustainable economic recovery. Speaking during a family thanksgiving service at St. Paul’s Methodist Church, Obuohia Obi-Ibere, in Ikwuano Local Government Area of Abia State, a member of the Governing Board of the South East Development Commission (SEDC),…
The Nigerian Labour Congress (NLC) has asked the Federal Government to “urgently” review workers’ salaries in the new year following the wave of “escalating inflation and suffering” sweeping across the country. In his New Year’s address to workers on Wednesday, the President of NLC, Comrade Joe Ajaero, noted that workers’ salaries should be a “living…
President Bola Tinubu has assured Nigerians that 2026 will be a more prosperous year for all. Tinubu stated this in his New Year message on Thursday, adding that his administration would sustain the momentum on its major reforms. “During 2025, we sustained the momentum on our major reforms. We had a fiscal reset and also…
President Bola Tinubu has presented a budget proposal of ₦58.1 trillion for the 2026 fiscal year to a joint session of the National Assembly, with capital recurrent (non‑debt) expenditure standing at ₦15.25 trillion. Tinubu presented it on Friday, pegging the capital expenditure at ₦26.08 trillion and putting the crude oil benchmark at US$64.85 per barrel….
The Federal Executive Council (FEC) has approved the 2026-2028 medium-term expenditure framework (MTEF), outlining Nigeria’s economic outlook, revenue targets, and spending priorities for the next three years. Briefing journalists after the FEC meeting on Wednesday in Abuja, the Minister of Budget and National Planning, Atiku Bagudu, said oil price was pegged at $64 per barrel,…
Former Ekiti State Governor, Dr. Kayode Fayemi has called for urgent reform of Economic Community of West African States (ECOWAS), insisting that the challenges of poverty, inequality, governance deficits, and insecurity in the West African region cannot be effectively addressed by the regional bloc in its current form. Speaking in Abuja at the second edition…
By Katherine Abayomi The Federal Government’s decision to impose a 15 percent import duty on petrol and diesel has continued to generate mixed reactions across the oil and gas industry. While the policy aims to protect local refineries and promote energy security, stakeholders have warned of potential short-term economic disruptions. National President of the Petroleum…
The National Assembly has approved President Bola Tinubu’s request to secure a total of $2.347bn from the international capital market to part-finance the 2025 budget deficit and refinance maturing Eurobonds. Also granted was Tinubu’s request to issue a $500 million debut sovereign sukuk in the international capital market (ICM) to fund infrastructure projects and diversify…