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PDP Makes Caricature of Budget 2026, Calling it Budget of Consolidated Renewed Suffering

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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.

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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.

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“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.

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NNPCL Faults NISO’s Claim of No Gas To Power Generating Plants

It, however, maintained that gas production had increased by about 10 per cent in 2026 so far, as the company pursued the Federal Government’s gas development and monetisation agenda.

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The Nigerian National Petroleum Company Limited has dismissed claims by the Nigerian Independent System Operator (NISO) blaming the nationwide power supply outages on partly to limited gas availability and reduced water inflows to hydroelectric power stations.

In a statement issued on Saturday in Abuja by its Chief Corporate Communications Officer, Andy Odeh, NNPC said that its pipelines remain available to deliver gas to power plants across the country.

The national oil company said its operational records did not indicate any transportation-related constraints within the network operated by its subsidiary, NNPC Gas Infrastructure Company Limited, that could explain the current drop in power generation.

It, however, maintained that gas production had increased by about 10 per cent in 2026 so far, as the company pursued the Federal Government’s gas development and monetisation agenda.

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NMDPRA, EFCC Storm Illegal Chinese Refinery in Ogun (Video)

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and operatives of the Economic and Financial Crimes Commission (EFCC) on Tuesday stormed an illegal Chinese-operated refinery in Ogere-Remo, Ikenne Local Government Area of Ogun State.

The joint operation followed intelligence reports that revealed a well-fenced but crude yet technically sophisticated facility occupying more than three hectares of land.

During the inspection, officials observed underground tanks believed to have been used for heating and processing sludge oil, refining waste products, and substances suspected to be Automotive Gas Oil (AGO), popularly known as diesel. NMDPRA officials immediately sealed the facility.

Ogun State Coordinator of NMDPRA, Dr. Atilola Akinyemi, described the plant as a complete illegality operating without any permit from regulatory authorities.

“The underground storage facility behind the site has an estimated capacity of more than 90,000 litres, complete with underground heating systems, water hydrants for cooling, locally fabricated tanks and silos for separation,” Akinyemi told journalists.

He warned that if such adulterated products entered the market, they would pose serious risks to vehicles and engines. All recovered products have been confiscated by the Federal Government.

Director of the Department of Proceeds of Crime Management at the EFCC, Gbolahan Latona, stressed the need for collective patriotism in tackling economic crimes.

“Upon conclusion of investigation, the suspects will have their day in court and the proceeds of crime will be put to meaningful use,” Latona said.

Watch video below:

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Sanusi: Critics Are Not Enemies Of The Govt

” It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

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The Emir of Kano, Alhaji Muhammadu Sanusi II, has advised the Federal Government against treating every comment about the administration as an attack on President Bola Tinubu.

The royal father gave the advise on the occasion of the Oxford Global Think Tank Leadership Conference, organised by the Oxford Global Think Tan.

Speaking virtually to the audience at the event, on Tuesday, Sanusi advised the government to tolerate constructive criticism.

“It’s not every time people talk about poverty or talk about difficulty that they’re just enemies of the government or making an attack on the president. That is not how to respond to economic distress,” he said.

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