Connect with us

News

President Tinubu presents N58 trillion 2026 budget

Tagged the “Budget of Consolidation, Renewed Resilience and Shared Prosperity”, the proposal seeks to lock in recent macroeconomic gains, restore investor confidence and translate recovery into jobs and improved living standards for Nigerians.

Published

on

415 Views

• President Tinubu at the National Assembly during the 2026 budget presentation, Friday, December 19,2025.

President Bola Tinubu on Friday presented the N58.18 trillion 2026 budget to a joint session of the National Assembly.

Tagged the “Budget of Consolidation, Renewed Resilience and Shared Prosperity”, the proposal seeks to lock in recent macroeconomic gains, restore investor confidence and translate recovery into jobs and improved living standards for Nigerians.

“I appear before this Joint Session of the National Assembly, in fulfilment of my constitutional duty, to present the 2026 Appropriation Bill,” said Tinubu, describing the moment as “defining” in Nigeria’s reform journey.

He acknowledged the pains of reforms over the last two and a half years but assured citizens that “their sacrifices are not in vain.”

The President said Nigeria’s economy was showing clear signs of stabilisation, citing 3.98 per cent GDP growth in Q3 2025, moderation in inflation for eight consecutive months to 14.45 per cent in November 2025, improved oil production, stronger non-oil revenues and rising investor confidence.

External reserves, he disclosed, climbed to a seven-year high of about $47 billion as of mid-November 2025, providing over 10 months of import cover.“These outcomes are not accidental. They reflect difficult but deliberate policy choices,” Tinubu sai.

The tasks ahead are to ensure that “stability becomes prosperity, and prosperity becomes shared prosperity.” said Tinubu.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Katsina Flood Sweeps Away Siblings Returning From Islamiyya School

Fighting back tears, the children’s father, Malam Salisu Arabi, described the loss as the most painful moment of his life.

Published

on

By

7 Views

Two brothers, Muhammad Salisu, 12, and Abdurrahman Salisu, 7, lost their lives after they were carried away by flood in Janbago, a community in Katsina State.

The victims, were said to be returning home from a nearby Islamiyya school when downpour, accompanied by strong winds, turned the streets into raging torrents.

The Daily Trust reported that their bodies were later recovered from different locations after frantic search efforts by residents.

The incident plunged the entire community into mourning as sympathisers thronged the family residence to console the bereaved parents.

Fighting back tears, the children’s father, Malam Salisu Arabi, described the loss as the most painful moment of his life.

“They left home that day like every other child going to Islamiyya school. I never imagined that the same rain we all witnessed would take away my two children,” he lamented.

Continue Reading

News

An alleged fake university discover in Lagos

The university was operating from a three-bedroom apartment at Ilado, Olorunda Local Council Development Area of Lagos State.

Published

on

By

16 Views

Photo:Students of the university during the raid by NSCDC. Credit: NSCDC

The proprietor of an alleged fake university in Lagos , has been arrested by operatives of Nigeria Security and Civil Defence Corps (NCDC).

The NSCDC Badagry Area Command, who enforced the arrest, said that the university was operating from a three-bedroom apartment at Ilado, Olorunda Local Council Development Area of Lagos State.

The command also rescued 106 students of the institution from across Nigeria and neighbouring West African countries with promises of admission into a foreign university.

According to the corps, the operation was carried out in the early hours of Monday following days of intelligence gathering and covert surveillance by NSCDC operatives

” The suspected institution was operating without an official name, registration, signboard or recognised campus, while allegedly presenting itself online as a distance-learning centre affiliated with a foreign university,”said NSCDC.

Investigations revealed that the rescued youths, mostly between the ages of 19 and 24, came from several Nigerian states, including Kogi, Oyo and some northern states. Others reportedly travelled from neighbouring countries such as Niger, Cameroon and Togo after being recruited online.

Continue Reading

News

Ayo Fayose Gets Presidential Portfolio As REA Board Chairman

Fayose will head the board of REA, with Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta appointed as members and non-executive directors,” said Onanuga.

Published

on

By

24 Views

President Bola Tinubu has appointed the former governor of Ekiti State, Ayo Fayose, as chairman of the Rural Electrification Agency (REA) Board.

The President also appointed Major General Junaid Bindawa as chairman of the National Salaries, Incomes and Wages Commission.

24 others were also appointed to 10 federal government agencies and commissions.

The appointments were contained in a statement issued by the presidential spokesman, Bayo Onanuga, in Abuja.

According to the statement, “All the appointments take immediate effect.”

“Fayose will head the board of REA, with Alhaji Ahmadu Abubakar and Engineer Ilyasu Ibrahim Makinta appointed as members and non-executive directors,” said Onanuga.

Continue Reading

Trending