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2016 Budget: FG Earmarks N500bn For Social Welfare

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The Federal Government has earmarked N500billion of the projected N6.04trillion 2016 budget for social welfare packages for the vulnerable in the society which the Muhammadu Buhari’s administration had earlier promised.
This was even as the entire 2016 budget profile of N6.04trillion is based on deficit of N2.22trillion on account of N3.82trillion projected as total revenues  expected by federal government in the year 2016.
As contained in a Medium Term Expenditure Framework ( MTEF) and Fiscal Strategy Paper ( FSP) , forwarded to the National Assembly  Tuesday by President  Buhari  the  federal government is to collaborate with state governments in the implementation of the N500billion worth social welfare packages to the low income group of the society. .
The MTEF document read in part, “ The federal government will collaborate with state government to institute well structured social welfare intervention programmes such as , school feeding programme initiatives, conditional cash transfer to the most vulnerable, and post NYSC GRANTS.
Buhari explained that these interventions will start as pilot scheme and work towards securing the support of donor agencies and development partners in other minimize potential risks.
He also noted that a phased social welfare programme will be created to cater for larger population of the poorest and most vulnerable Nigerians upon the evidence of children’s enrollment in school and evidence of immunization.
On the planned rationalization of MDAs, the president stated that government would adopt a three- pronged approach in the management of public financial resources by improving on revenue generation , collection, and quality spending in a manner that would enhance transparency , accountability and results in service delivery.
He said that Government will, in the near to medium -term, continue to prone the size of the federal government and its NDAs to more efficient level without compromising efficiency and effectiveness.
His words  ”Over the medium term however, government will revisit the need to rationalize the agencies of government and strategically implement relevant provisions”.
On the TSA, Mr President  said  that the implementation of Treasury Single Account ( TSA), would be fully complemented with full implementation of the Integrated PayRoll and  Personnel Information System ( IPPIS) in all MDAs which would result in additional savings.
The proposed budget, according to the President which aims at curtailing the federal government expenditure profile, will cut down on the mounting number of claims for increases in salaries and allowances including pensions and other
According to the  MTEF document ,  N150billion  is earmarked for fuel subsidy , N115 billion for the National Assembly as against N120 billion earlier projected,  N29 billion for amnesty programme in the Niger Delta and  N45billion for the Independent National Electoral Commission (INEC).
Other prominent projections in the  MTEF are N77.11 billion for Universal Basic Education ( ÜBE), N1.20billion for Public Complaints Commission ( PCC) and human rights , etc.
The budget represents a 30%  increament in the capital expenditure for 2016 as against  the 2015 budget.
Agriculture, Education, Health, Road maintenance , security, water supply and Defence got priority votes in the proposal with additional focus on human and infrastructure development.

 

Nneka Amaechi-Nnadi

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Victory Over Insurgency Certain, Tinubu Assures

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President Bola Tinubu has expressed confidence that the country would win the fight against insecurity.

The President gave the assurance at the Argungu International Fishing Festival in Argungu town, Kebbi State, on Saturday.

He noted that the relative peace currently being enjoyed in Kebbi and neighbouring states was the result of sustained investments in security intelligence, coordination among security agencies, and community engagement.

Tinubu assured farmers and fishermen of sustained federal support to guarantee food security and safety across the country.

“The peace we are witnessing today is not accidental. It is the outcome of deliberate and sustained efforts. I assure you that the fight against banditry, insurgency, and insecurity will be won.

“Our farmers, fishermen, traders, and families will go about their lawful activities without fear,” he assured.

The President commended the organisers of the festival for sustaining the cultural event for decades, noting that it had endured for 83 years despite social and security challenges.

Describing the Argungu festival as a powerful symbol of unity, resilience, and peaceful coexistence, Tinubu stated that it reflects the richness of the country’s culture and the opportunities to harness its natural and human resources for national growth.

He said, “Today, this festival stands as a powerful symbol of unity, resilience, and peaceful coexistence among our people.

“It reflects the richness of our culture, the strength of our traditions, and the opportunities inherent in harnessing our natural and human resources for national development.”

The President was received by a large crowd of residents, traditional rulers, fishermen, tourists, and government officials from across the country.

The President reaffirmed his administration’s commitment to youth and women empowerment, irrigation development, rural electrification, and agricultural productivity.

Earlier, the Kebbi State Governor, Nasir Idris, said his administration was determined to elevate the Argungu Fishing Festival to full international standards while pursuing aggressive development across critical sectors of the state.

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US Embassy, Lagos Consulate Close Today For President’s Day

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The United States Embassy in Abuja and the Consulate General in Lagos will be closed today, in observance of Presidents’ Day.

The mission made this known in a notice shared on its official X page, yesterday.

“The U.S. Embassy in Abuja and the Consulate General in Lagos will be closed on Monday, February 16, 2026, in observance of Presidents’ Day,” the post read.

According to the embassy, Presidents’ Day was originally established to honour the birthday of the former US President, George Washington, but has evolved into a day to celebrate all U.S. presidents and their leadership in shaping the country’s history.

The embassy noted that the holiday also recognises the influence of U.S. presidents on global affairs.

In a related message, the mission highlighted that Washington created the first “Badge of Military Merit,” which later became the Purple Heart. The medal still bears Washington’s image today.

Presidents’ Day is observed on the third Monday of February annually in the United States as a federal holiday.

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Guterres Backs Nigeria’s Bid For UN Security Council Seat …Hails Tinubu’s Reforms, Regional Security Role

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United Nations Secretary-General, António Guterres, has charged Nigeria with spearheading Africa’s quest for a restructured global order, describing the country as uniquely positioned to lead the continent toward superpower status.

Guterres, who backed Nigeria’s bid for the world body’s security council seat, also praised the economic reforms of the President Bola Tinubu-led administration as well as Nigeria’s leadership in stabilising the Sahel and ECOWAS regions, despite facing its own security challenges.

The UN scribe made the remarks last Friday night during a high-level bilateral meeting with Vice President Kashim Shettima on the sidelines of the 39th African Union (AU) Summit in Addis Ababa, Ethiopia.

Speaking during the meeting, Guterres said Nigeria’s large population, sustained democratic governance, vast natural and human resources, and longstanding commitment to multilateralism placed it in a unique position to lead Africa in the evolving global order.

“Given Nigeria’s demographic strength, democratic continuity and deep resource base, the country stands a real chance of leading Africa to becoming the next superpower in the evolving global architecture,” he said.

The UN Secretary-General and the vice president discussed key developments in Nigeria and the country’s expanding leadership role in promoting regional stability across West Africa and the Sahel.

Guterres commended the remarkable and outstanding reforms of the administration of President Tinubu, noting that Nigeria’s bold economic restructuring and security commitments have strengthened its continental standing.

The meeting focused on strengthening Nigeria–UN collaboration to advance global economic growth, peace and security, sustainable development, and a coordinated humanitarian response across Africa.

In his remarks, Shettima thanked the UN Secretary-General for his leadership in advancing global peace, noting that Africa has benefited immensely from his tenure, even as the United Nations undergoes internal restructuring.

“We remain committed to multilateralism and to deepening our partnerships with the United Nations and other global institutions,” the vice president said.

Shettima also reiterated Nigeria’s longstanding call for comprehensive reform of the United Nations system to reflect evolving global realities.

He emphasised that Africa must have stronger representation in global decision-making structures and declared that Nigeria deserves a permanent seat on the United Nations Security Council.

Both leaders pledged to deepen cooperation, with Guterres reaffirming the UN’s support for Nigeria’s reform agenda and its growing leadership role in advancing peace, security, and development across Africa.

 

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