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Senate Passes 2026 Budget of N58.472 Trillion to Second Reading *clarifies discrepancy in Tinubu’s budget speech *Passes N43 trillion 2024, 2025 Appropriation Act (repeal and re-enactment) Bills 2025 *Adjourns till January 27

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Senate in session in the chamber

By Our Correspondent

The Senate on Wednesday at plenary passed to second reading 2026 Appropriation Bill of N58.472 trillion, after the lawmakers debated the general principles of the proposed money bill.

The passage followed the consideration of the fiscal proposals presented on the floor of the Chamber during plenary session by the Senate Leader, Senator Opeyemi Bamidele.

This was however, as the Senate explained that, while President Bola Tinubu’s budget speech to the joint session of the National Assembly on Friday last week read N58.18 trillion, the actual figure in the budget document laid before the lawmakers by the President after his speech, contained the some of N58.472 trillion.

The Chairman, Senate Committee on Appropriations, Senator Solomon Adeola, confirmed the figures while fielding question from journalists at the end of the plenary on Tuesday evening.

His words: “I can confirm to you that the Bill Mr President submitted to us during his budget presentation contained N58.47 trillion. And as the chairman of the Appropriations committee, that is the figure I will be working with. Let’s me clarify that the Bill, is a document and it’s more important than a budget speech.”

Recall that President Tinubu’s budget speech, both in text and audio, stated N58.18 as the total proposed budget sum for the fiscal year 2026, triggering obvious controversy in the public space.

However, the clarification by the Chairman of the Senate Committee on Appropriations would have laid the controversy to rest.

Presenting the document for debate, Opeyemi Bamidele said: “Mr President, Distinguished colleagues, this is a Bill for an Act to authorise the issue from Consolidated Revenue Fund of the Federation the total sum of N58, 472, 628, 944, 759 of which N4, 097, 381, 103, 856 is for statutory transfers.”

“The 2026 Appropriation Bill presents an opportunity for this Senate to reinforce fiscal discipline, promote accountability, and ensure that public resources deliver tangible outcomes. Distinguished Colleagues, the President did not shy away from the lessons of 2025 budget performance. Revenue shortfalls, expenditure pressures, and transitional execution challenges were openly acknowledged. However, the Executive has committed to stronger fiscal discipline in 2026, with clear directives to key fiscal authorities to ensure strict adherence to appropriations, timelines, and performance benchmarks. Of particular note is the firm stance on Government-Owned Enterprises, with an emphasis on digitised revenue mobilisation, zero tolerance for leakages, and performance-based accountability.

“Mr. President, the philosophy of the 2026 Budget is anchored on four pillars: consolidating macroeconomic stability; improving the business and investment environment; promoting job-rich growth and poverty reduction; and strengthening human capital while protecting the vulnerable. In essence, this Budget proposes that we spend with purpose, manage debt with discipline, and pursue growth that is broad-based and sustainable.

“The fiscal framework presented to us reflects this balance. With expected revenues of ₦34.33 trillion and total expenditure of ₦58.18 trillion, including ₦15.52 trillion for debt servicing, the projected deficit of 4.28% of GDP remains within the medium-term fiscal parameters approved by this Senate. Capital expenditure of over ₦26 trillion signals a strong development orientation, even as recurrent spending is restrained.

“Distinguished Colleagues, the sectoral priorities of this Budget speak directly to Nigeria’s pressing needs. Security receives primacy, rightly so, because without peace and safety, no economy can thrive. The President’s articulation of a restructured national security architecture and a firm stance against terrorism, banditry, kidnapping, and violent criminality underscores the seriousness of this commitment.

All the Senators that spoke during the debate commended President Tinubu for presenting what they described as a “budget that will take Nigeria to the next level.”

Contributing, Adamu Aliero who commended the huge allocation to security in the budget proposal, said that there could be no national growth without security.

Senator Ahmad Lawan, urged the executive arm to ensure that politics did not jeopardise the implementation of the budget considering the political activities that would dominate 2026.

Lawan canvased a bigger allocation to the newly established Ministry of Livestock Development, saying the sector was critical to the country’s development.

Senator Adams Oshiomhole noted the proposed allocations to key sectors like security, education and healthcare, urging however, that government should ensure that Nigerians get value for the money.

Senator Sani Musa, who chairs the Senate Committee on Finance, observed that the 2026 proposal was high on infrastructure, which he said, will go a long way in bridging the nation’s gaping infrastructure gap.

Senator Diket Plank observed that the budget prioritised macro economic stability, growth and infrastructure development. “There is high hope that the 2026 fiscal year will be more productive to Nigerians,” Plant said.

On his part, Senator Abbas Aminu urged the executive branch to ensure that the budget works for the people and implemented for the good of Nigerians.

Akwa Ibom senator, Asuquo Ekpenyong called for priority in the implementation of the infrastructure, education, healthcare and social services components of the budget.

Senator Osita Izunaso, while commending the President, pleaded the executive branch should do well to end multiple budget implementation that characterised the previous two budgets.

Senator Emmanuel Udende praised the document while Senator Saliu Mustapha said the facts and figures thein speak for themselves.

Senator Jide Ipinshaga described the proposal as “a robust document,” saying it captured all critical areas. He however called for proper implementation.

Minority Leader, Abba Moro said the document “looks beautiful,” predicting that it will project a gateway to a prosperous Nigeria.

In a related development, the Senate also on Tuesday, passed the sum of N43 trillion 2024 and 2025 Appropriations Act (repeal and re-enactment) Bills 2025.

The resolution of the Senate followed its consideration and approval of the recommendations of the report of its Committee on Appropriations.

After the passage of the bills, the apex legislative Assembly adjourned plenary for the year 2025, to resume on January 27, 2026.

End.

Business & Economy

Gov Otti Charges1086 Graduands of Abia State Leadership Academy To Embrace Execellence , Innovation, Hardwork

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Abia State Governor Alex Otti in a handshake with 2026 Abia State Leadership Academy Youth Leadership

By Our Correspondent

In a bid inspire jobless youths to join hands in the creation of new Abia state project, Abia State Governor, Dr. Alex Otti, has charged youths to embrace selfless service, innovation and excellence, and to become active drivers of the New Abia project.

The Governor gave the charge on Saturday, August 29, 2026, while speaking at the graduation ceremony of the 2026 Abia State Leadership Academy Youth Leadership Boot Camp,held at International Conference Centre Umuahia organised by the Abia State Leadership Academy in collaboration with the Enterprise Development Centre of Pan-Atlantic University, Lagos.

Governor Otti, whose speech was titled “The Leadership Vocation,” congratulated the 1,086 graduates of the Abia State Leadership Academy Boot Camp.

Gov. Otti reminded them that they were not returning home as ordinary citizens, and invited them to become active participants in the New Abia. He commended the quality of training delivered, noting that the programme was designed to inspire participants to pursue meaningful impact.

“The process was as seamless as it was transparent, and today, we can see evidence that, in line with our philosophy of merit, only the best performers were chosen to be part of this class,” the Governor said.

Governor Otti commended the President of the Academy, Professor Kenneth Kalu, and his team for their dedication, as well as the Enterprise Development Centre of Pan-Atlantic University, led by its Director, Dr. Nneka Okekaru, for their commitment to the successful delivery of the four-week programme.

The State Chief Executive also appreciated the Nigerian Council of Registered Insurance Brokers, the management of Government College Umuahia, and the Nigerian Naval College of Accounts and Finance for their partnership and support. He thanked parents for entrusting their children to the government for the programme.

The Governor noted that about 10 percent of the participants were young people of Abia origin living in different parts of the country, describing this as evidence that the administration’s inclusive policy of identifying anyone who lives in Abia as an Abian is yielding results.

The Governor particularly acknowledged one of the outstanding participants, Ms. Rosely Farida Abdusalam, who lives in Aba with her parents, saying her success demonstrated that the policy of “if you live in Abia, you are from Abia” is working.

Addressing the graduating class, Governor Otti urged them to understand that their graduation marks the beginning of a greater responsibility, rather than the end of their leadership journey.

“You are not going home as regular people anymore. You now belong to a special community of young minds with a responsibility to act with distinction and carry the light of excellence into your communities, schools, and wherever the future takes you,” Gov. Otti said.

Gov. Otti charged them to establish mentoring clusters, share the knowledge acquired at the academy, and mobilise their peers to become active partners in building the New Abia.

The Governor described the New Abia project as a transgenerational journey requiring patience, resilience, teamwork and commitment, and urged the graduates not to remain passive citizens.

The Governor stated that they would, in the future, occupy positions of influence and must therefore begin now to bridge the gap between the aspirations of the State’s founding generation and present realities.

“After your stay at the academy, you can no longer be passive citizens. You are invited to remove the cloak of lethargy and embrace without hesitation the responsibility of selfless service,” The Governor charged.

Governor Otti assured the graduates that the State Government would continue to support and monitor their growth, and directed the Academy to maintain a directory of participants and track their progress.

Gov. Otti expressed particular interest in seeing the ideas developed during their capstone presentations translated into practical solutions. “We are far more interested in seeing them come to fruition,” the Governor said. He described the graduates as “bearers of solutions, drivers of innovation, and agents of transformation,” and encouraged them to approach the government whenever they require assistance to actualise their ventures.

The Governor urged the graduates to remain steadfast in the face of opposition and challenges, stressing that their choices would determine the kind of future they help to build. “It is either you are voting for a prosperous future through your daily choices or you are undermining it by refusing to stand for your conviction,”

The Governor expressed confidence in the young leaders and called on them to make a difference in their communities, adding that their achievements would be the best way to justify the confidence reposed in them by the State.

Governor Otti also thanked the graduates for being good ambassadors of Abia State and their families, and directed the Academy to sustain the leadership development programme.

Speaking, the Chairman of the Abia State Civil Service Commission, Pastor Dr. Eno Jerry Eze said the Abia State Leadership Academy graduated 1,086 young people from its 2026 Youth Leadership Boot Camp, with a charge to become transformational leaders, innovators and change makers who will contribute meaningfully to the development of the State and the nation.

She noted that the 1,086 graduates were selected from more than 7,000 applicants, describing their selection as a testament to their potential and commitment to leadership.

According to her, the theme of the 2026 boot camp, “Raising Transformational Leaders, Innovators and Change-Makers,” reflects the vision of the Abia State Government under Governor Alex Otti to invest not only in physical infrastructure but also in the State’s most important asset – its young people.

“Under the leadership of His Excellency, Dr. Alex Otti, OFR, we are investing not just in roads, schools, climate-friendly transportation, agriculture, small and medium-sized enterprises and hospitals. We are also investing in our greatest assets, our young people,” she stated.

She explained that the theme was a call to participants to lead with integrity in their schools and communities, think creatively, develop solutions to problems around them, and take responsibility rather than waiting for others to act.

She said faculty members went beyond conventional lectures by exposing participants to real-life scenarios and encouraging them to think critically, understand the peculiarities of different situations, appreciate diverse perspectives and develop practical solutions.

“Through these sessions, you gained new perspectives on problem-solving techniques, learned to think more deeply, understand the peculiarities of each situation, and listened to different views across the table,” she stated.

She expressed appreciation to Governor Alex Otti for his commitment to empowering young people and commended the Abia State Leadership Academy for delivering what she described as a world-class programme.

Earlier, the Abia State Leadership Academy President, Prof. Kenneth Kalu, commended Governor Alex C. Otti for establishing the institution as a deliberate investment in the future of Abia State.

Prof. Kalu said the Academy was established because Governor Otti dared to ask a fundamental question: what if government invested not only in what Abia has today, but also in who Abia will become tomorrow.

According to him, the Governor could have chosen to concentrate exclusively on visible infrastructure such as roads, buildings and hospitals, which generate immediate public appreciation, but instead decided to invest in something that cannot be photographed – the minds, character and civic consciousness of young Abians.

“Roads, buildings and other structures are important, and Your Excellency is already doing a lot in those sectors. But a generation shaped by values, a generation taught to live with integrity, serve with compassion and build with purpose, that generation will outlast every structure one can ever erect,” he said.

The Academy President, on behalf of the faculty, staff and students, thanked the Governor for his support and vision, describing the establishment of the Academy as an investment whose impact would extend across generations.

“Thank you for planting a forest of leadership whose shade will shelter Abia for generations. History will remember this day that you came, you saw and you changed humanity for good,” he said.

Prof. Kalu urged the graduates to return to their communities and make a difference, stressing that they should take the values acquired during the programme into their schools, families and wider communities.

“Go back to your communities and lead. Go back to your schools and solve. Go back to your families and model the values you have learned during your time at the Academy,” he charged.

He further encouraged the young leaders to remain steadfast in the face of pressure and temptation, urging them to remember the values of the Academy whenever they were confronted with situations that could compromise their integrity.

“When you are tempted to compromise, as you will be tempted, please remember this day. When the path of integrity feels lonely, please remember the Academy,” he said.

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IGP Condenms Abduction of 600 Worshipper at Juma’at Mosque …Charges Police to remain vigilant,proactive, professionally committed in the discharge of their duties

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IGP Olatunji Disu (right)I GP Niger state Abdullahi Adamu Elleman(left)

By Uthman Baba -Naseer,Minna

The Inspector General Of Police,IGP Rilwan Olatunji Disu, has condemned in the strongest terms the abduction of over six hundred worshipers at Juma’at Mosque in Dekera village of Borgu Local Government Area of Niger State.

The IGP described the incident as painful,unfortunate, and heartlss.

He said the abduction of the worshipers as carried out by the armed men,is the highest level of ungodly as displayed by the armed bandits..

Addressing officers and men of the Niger State Police Command during his one day official working visit to the Command at the Police headquarters in Minna at the Weekend, IGP Olatunji Disu, noted that the armed men have taken their operational activities too far.

He noted that the kidnapping of the worshipers on the 24th, of August 2026, in Dekera village, is a very serious incident that concerned every Nigerians and the country as a whole.

“ I sincerely condemned these attacks in the strongest possible terms. I equally condemned the continued damaging of innocent citizens by these criminal elements whose activities threatened the peace and economic wellbeing and social stability of our communities” he declared.

IGP Olatunji Disu noted further that the activities of the armed bandits on rural communities whose source of lively hoods is farming is being threatened as a result of unwholesome activities of these criminal elements.

“ Wherever they are,we want them to know that what they are doing is wrong. They are targeting innocent citizens,and this is affecting the economic situation of the state, even the country in general” he added.

The IGP,explained that his visit was aimed at strengthening the ongoing efforts to rescue the abducted worshipers while identifying practical measures to address the operational challenges confronting security in the state.

He disclosed that the Police had already deployed tactical and counter-terrorism teams, and the special intervention squad and Explosive Ordinance Personnel (EOD),as part of efforts to rescue the victims in the affected Communities.

He charged officers and men of the Niger State Command to remain vigilant,proactive and professionally committed in the discharge of their duties.

The Police Chief,further urged men and officers of the Command to strengthen Community engagement and intelligence gathering mechanism,stressing the need for credible information capable of preventing attacks to be transmitted promptly to the appropriate operational authorities.

Speaking on the proposed establishment of State Police IGP Rilwan Disu,assured men and officers of the Command,that the establishment of the state Police would not in any way disrupt on-going security operations “ but it could strengthen the capacity and efficiency of security personnel in the discharge of their responsibilities.

Maintaining that the Nigeria Police Force remains the primary Policing institution in the country, with a critical responsibility for the maintenance of internal security.

While acknowledging the sacrifices of Police officers,IGP Disu noted their courage,resilience and commitment to duty remain essential to the collective efforts to secure Niger State and the country.

Speaking earlier, the Commissioner of Police in Niger State,CP Abdullahi Adamu Elleman, appreciated the laudable support received from the IGP since the abduction and the attacks on the Worshipers.

He described Niger State as the largest state with land mass in the country which he said as a result of the landmass it posed a serious challenge to effectively policing the state.

He disclosed that the three Senatorial zones in the state are facing peculiar security challenges which he attributed to the state bordering some neighbouring states which include Zamfara,Kebbi,Kwara,Kogi and FCT.

CP Adamu Elleman commended the IGP for deploying the Assistant Inspector General Of Police in-Charge of Zone 7 AIG Victor Olaiya as a result of the abduction of the Worshipers,stating that his presence in the state,has boosted the morale of the personnel already on the rescue of the victims.

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Alausa To Universities, NASENI: Move Lab Breakthroughs to Factories, Jobs,wealth

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Education Minister, Tunji Alausa (middle) flanked Vice-Chancellors, Directors of Academic Affairs, Directors of Postgraduate Studies and officials of the Federal Ministry of Education’s Directorate of University Education

By Our Correspondent

The Minister of Education, Dr. Maruf Tunji Alausa, has called on Nigerian universities and the National Agency for Science and Engineering Infrastructure, NASENI, to bridge the divide between scholarship and the market by transforming campus inventions into enterprises, employment and real-world solutions that can power Nigeria’s economic renewal.

The Minister made the declaration during a briefing for Vice-Chancellors, Directors of Academic Affairs, Directors of Postgraduate Studies and officials of the Federal Ministry of Education’s Directorate of University Education. The meeting focused on a proposed partnership model through the NASENI Campus. He said the model is designed to link researchers with state-of-the-art laboratories, prototyping hubs, industry players and funding sources, creating a clear route for ideas to travel from the lab bench to commercial use.

According to Dr Alausa, Nigeria must intentionally shift from pure research to commercial rollout if it wants to get full value from its people. He warned that research should not stop at journal articles or demonstration models. Citing the innovation cluster around Cambridge, Massachusetts as a reference, Dr. Alausa said Nigerian academics should be able to secure patents for their work, scale those inventions into sellable goods, and team up with investors to launch sustainable firms. That, he noted, is how intellectual capacity becomes tangible national progress.

To deliver this, he urged NASENI to deepen ties with universities located near its development centres. Universities, he said, hold a large reservoir of researchers, lecturers and students whose skills can strengthen the agency’s mandate. NASENI, he added, can fill the critical gap between academic work and business success by assisting with patent applications, linking innovators to venture capital, and helping to set up spin-off companies. He also tasked the agency to look into lithium refining and battery production as Nigeria ramps up renewable energy and industrial growth.

Reiterating government backing, Dr. Alausa said the Ministry will keep working with NASENI, universities and other partners to build a working pipeline from research and innovation through to investment, manufacturing and job creation.

Under President Bola Ahmed Tinubu’s Renewed Hope Agenda, he stressed, the goal is not just to generate more research papers, but to ensure Nigeria’s knowledge, skills and inventions become products, companies, jobs and lasting prosperity for citizens.

Earlier, the Executive Vice Chairman and Chief Executive of NASENI, Mr. Khalil Suleiman Halilu, outlined the agency’s push to close the gap between research and manufacturing, in line with President Bola Ahmed Tinubu’s directive to go beyond prototypes and reach full production. He said the planned NASENI Campus will sit inside a 100-hectare free trade zone and function as a fully integrated ecosystem where scholars, professors, prototyping units, industries and commercial pathways operate side by side. Several factories and industrial plants are already set up within the zone.

Giving a practical example, the Vice-Chancellor of the University of Abuja, Professor Hakeem Babatunde Fawehinmi, said the school’s current collaboration with NASENI shows what the model can achieve. The partnership has delivered an integrated agricultural incubation centre, greenhouse units, automated poultry systems and tissue culture laboratories that serve both undergraduate and postgraduate research. He added that the university is prepared to expand the work into dairy science and renewable energy.

Also highlighting market-ready research, the Vice-Chancellor of Bayero University, Kano, Professor Haruna Musa, said BUK is pursuing wider cooperation with NASENI in nanotechnology, vaccinology, toxinology and mathematical modelling. He revealed that two BUK projects have reached the final phase of NASENI’s research commercialisation grant scheme. The projects are a reusable sanitary pad and the industrial production of starch derivatives from sweet potatoes.

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