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PDP Makes Caricature of Budget 2026, Calling it Budget of Consolidated Renewed Suffering
The Peoples Democratic Party (PDP) has sharply criticised President Bola Ahmed Tinubu’s 2026 Appropriation Bill, dismissing its official theme of “Budget of Consolidation, Renewed Resilience and Shared Prosperity” as misleading and rebranding it the “Budget of Consolidated Renewed Sufferings.
”In a press statement issued on Friday by the party’s National Publicity Secretary, Comrade Ini Ememobong, the opposition party accused the APC-led administration of presiding over unmitigated hardship for ordinary Nigerians while the governing elite continues to enjoy affluence.
The PDP challenged President Tinubu’s claim of economic stabilisation, particularly his citation of a 3.98% GDP growth rate.
The party argued that growth figures alone do not translate to improved living standards, pointing to the World Bank’s 2025 Poverty & Equity Brief which indicates that over 30.9% of Nigerians live below the international extreme poverty line.
“This clearly indicates that whatever economic gains exist are not reaching the majority of Nigerians,” the statement read, describing the situation as “growth without prosperity.
“The opposition contrasted the current growth rate with the 6.87% recorded in the corresponding period of 2013 under the previous PDP administration, which it said was driven by non-oil sectors such as agriculture and trade. It accused the President of failing to specify the sectors driving the present growth or identify its beneficiaries, amid widespread hunger and soaring cost of living.
While acknowledging the allocation for security in the 2026 budget, the PDP stressed that funding alone is inadequate without effective and transparent implementation.
It demanded tangible outcomes, including modern equipment, sufficient ammunition, enhanced intelligence, and improved welfare for security personnel, noting reports that non-state actors in various conflict zones possess superior weaponry.
The party expressed deep concern over President Tinubu’s admission that the capital component of the 2024 budget has been extended to December 2025, while the 2025 budget remains operational.
The PDP described this as confirmation of long-standing rumours about the concurrent running of multiple budgets—a practice it condemned as a violation of fiscal discipline, transparency, and accountability.
“This cannot be described as best practice, as every budget has a defined period of operation and no two budgets should operate concurrently,” the statement asserted, calling it “yet another unprecedented negative feat” by the Tinubu administration.
The PDP called for greater transparency and accountability in the management of the nation’s finances, stating that these elements have been “conspicuously absent” under the current government and are essential for rebuilding public trust.
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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