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Buhari’s 2019 Budget, Hopeless Document -Saraki …NASS Demands Probe Of Badeh’s Assassination
Senate President, Senator Bukola Saraki, yesterday tasked Nigerians not to expect much from the 2019 Appropriation Bill, describing the budget proposal as hopeless.
Saraki, who spoke in his capacity as the Director General of the Peoples Democratic Party (PDP) Presidential Campaign Council, PPCO, also declared that Nigerians were safer in 2015 than they are today.
He stated this at an interactive session between the PDP presidential candidate, former Vice President, Atiku Abubakar, and Civil Society Organisations (CSOs) in Abuja.
PDP Vice Presidential candidate, Peter Obi, at the event lamented that 60 percent of the 2019 budget is dedicated to debt servicing of the APC government which he noted has surpassed what was accrued in the 16 years of the PDP government.
Saraki in his opening remark, argued that the budget proposal presented by Buhari last Wednesday had no future because the statistics does not indicate the financial model by which it will be funded. He said, “Yesterday (Wednesday), we all heard the 2019 budget.
That is a budget that has no hope for anybody because if you look at the statistics and the figures there’s poverty, if you look at the figures based on revenues that are coming in, there is nothing left. So where’s the future?
“There must be an alternative and that is what we hope that by this evening speaking to our candidate and vice presidential candidate, not based on sentiments. We are not voting on sentiments, we are voting on what is the need for you.
“How is your life going to be better? Which party offers you a better future because we see you as those who are patriotic and committed . It’s not about what you’ll get today. It’s about the great country a lot of you expect to see.
The Senate President who noted that the President will fail to attend the January 19, 2019 Presidential debate stressed that any President that wants to lead the country and the African continent should be able to sell his blueprint to the people.
He said, “This is an interactive session. I’m not sure whether the other political parties will give you an opportunity like this to ask them any question. I’m told that one has debated and you already know the answer to that debate. On the second one, I’m very sure he’s not going to debate.
So how do you assess somebody who is not ready to tell you what he’s going to do. “Those days are gone, my good people.
A country that leads the continent that is not ready to show example is not what we want for this continent.
The whole world is going in a direction, if you’re seeking a position, you must come and tell people what you want to do. You must sit down and they will ask you questions and that is why we’re here. “Today is your day, we will sit down and take questions.
I hope at the end of the exercise you will stand up and say yes this is the team that will secure Nigeria, this is the team that will unite Nigeria , this is the team that will fight the poverty in town and bring a bright future.”
Atiku’s running mate, Obi, who also faulted the 2019 budget said “When you look at the revenue, we will spend 60 percent to service debt. So what is left? And they will borrow more. “What they borrowed in 2016 and 2017 is the same PDP borrowed in 16 years.
When you ask them, they say they use it for capital project.”
He lamented the level of poverty in the country and lambasted the President for urging Nigerians to tighten their belts, saying “Nigerian people have no belt again to tighten up”, stressing “we now wake up everyday with a sense of helplessness.”
While he noted that APC administration didn’t heed warnings over the alarming rate of job losses and unemployment in 2017, he said the recent rise in the unemployment rate from 18.8 percent to 23 percent is only going to get worse because “nobody is doing anything.”
He promised that immediately they get elected into office, their administration will show numbers of persons who are unemployed and correspondingly provide daily statistics on the number of persons that will get jobs.
Meanwhile, Senate yesterday urged the Federal Government to investigate the circumstances surrounding the assassination of former Chief of Defence Staff, Air Marshal Alex Badeh on Tuesday, December 18 along Abuja-Keffi Highway.
The upper legislative chamber also charged the security agencies to ensure the rescue of personal staff of the late Air Chief held hostage by the assailants.
The resolutions followed a motion moved to that effect by Senator Binta Masi Garba and co sponsored by the Deputy Senate Leader, Senator Bala Ibn Na’Allah.
Senator Garba in the motion “the late Chief of Defence Staff died from gunshot wounds sustained when his vehicle was attacked while returning from his farm alongside his driver while one of his personal staff is still held hostage by the assailants.
Senator Binta informe d. the Senate that the late Badeh retired in July 2015 in line with the military tradition at a pulling-out parade held at the Mogadishu Cantonment, Abuja where he gave his valedictory speech before proceeding to his home state of Adamawa.
Senator Garba stated that the deceased was born in Vimtim town in Mubi Local Government Area of Adamawa State into a family of peasant farmers where he attended Vimtim Primary School and Villanova Secondary School before proceeding to the Nigerian Defence Academy as a member of the 21 Regular Course on 3rd January, 1977 and was commissioned a Pilot Officer on 3rd July, 1979.
In his contribution, Senator Shehu Sani, who lamented that the killing was an addition to the cases of unresolved assassination, warned that the state must take the issue very seriously.
He said: “Badeh served his country from the beginning to the end, meritoriously. It is sad that he is a victim of assassination. He was killed few kilometers from the state capital. The state has failed Badeh. We should take the issue of security serious. He is a victim of an assassination
“This should bring to light a national discourse. If this can happen to Alex Badeh, it can happen to anybody. It is an addition to the cases of unresolved assassination. The state must take this issue very seriously. We owed him a duty to ensure that such a thing never happen again. The security agencies should deploy necessary security technologies to fish out the killers.”
The Deputy President of the Senate, Ike Ekweremadu, in his contributions, lamented that the killer, like the case of Bola Ige and others might never be found.
He said: “The killers might never be found because this is not the first time we would have such incidence. The time has come for us to ensure that assassins are found.
“Abuja, the FCT is becoming unsafe for the residents. We must ensure that all the CCTV are working in memory of Badeh and ensure that the killers are found.”
In his remarks , the President of the Senate, Bukola Saraki noted the need to do more in the area of security. “ . Necessary measures must be taken to ensure that lives and properties are protected.” he said
Also, the House of the Representatives yesterday urged the Inspector General of Police (IGP), Ibrahim Idris, and the Director-General of the Department of State Services (DSS), Yussuf Bitchi, to fish the those responsible for the killing of the late Air Chief Marshal Alex Badeh, a one time Chief of Defence Staff.
This followed the adoption of a motion moved under matter of public urgent importance titled “need to investigate the killing of Air Chief Marshal Alex Badeh” by Hon. Abdulrahman Shuaibu Abubakar at the plenary yesterday.
While moving the motion, Hon Abubakar noted that “Air Chief Marshal Alex Badeh, was killed by unknown gunmen on December 18, 2018, in his car while returning from his farm along Abuja-Keffi road.
He pointed out that the driver of the former Chief of Defence Staff sustained serious injuries of gunshot and now receiving medical treatment while his Farm Manager, Engr Joe was taken away by the fleeing gunmen.
In his contribution, Hon. Toby Okechukwu who blamed the nation’s Security agencies for the recent killing in the country declared that the way people were now being killed in the country showed that the country was no longer working and that the security agencies were not alive to their responsibilities.
According to him, “our security outfit is not working, they are not doing what they are supposed to do. If a general can be killed like that, you can now imagine what ordinary Nigerians are going through everyday.
“It is very sad. I understand that the first thing that will come is about corruption allegations against him, unfortunate he is not here to answer all of that, it is a pity that after risking his life to service Nigeria, he now died like a commoner and this shows that Nigeria democracy is gone”.
Also Hon. Chike Adamu who expressed fear over the rate of killings in the country stressed the need for urgent action to stop the madness , saying, “ this is an inccident that happened close to the seat of power where you have the president, his Vice, Senate President including you Mr Speaker.”
While adopting the motion, the House condemned the killing and directed the Police, DSS and other security forces to fish out the killers And made them to face the full weight of the law.
Nneka Amaechi-Nnadi, Abuja
President Bola Tinubu yesterday signed into law four tax reform bills aimed at transforming Nigeria’s fiscal and revenue framework.
The four bills include: the Nigeria Tax Bill, the Nigeria Tax Administration Bill, the Nigeria Revenue Service (Establishment) Bill, and the Joint Revenue Board (Establishment) Bill.
They were passed by the National Assembly after months of consultations with various interest groups and stakeholders.
The ceremony took place at the Presidential Villa, yesterday.
The ceremony was witnessed by the leadership of the National Assembly and some legislators, governors, ministers, and aides of the President.
The presidency had earlier stated that the laws would transform tax administration in the country, increase revenue generation, improve the business environment, and give a boost to domestic and foreign investments.
“When the new tax laws become operational, they are expected to significantly transform tax administration in the country, leading to increased revenue generation, improved business environment, and a boost in domestic and foreign investments,” Special Adviser to the President on Media, Bayo Onanuga said on Wednesday.
Before the signing of the four bills, President Tinubu had earlier yesterday, said the tax reform bills will reset Nigeria’s economic trajectory and simplify its complex fiscal landscape.
Announcing the development via his official X handle, yesterday, the President declared, “In a few hours, I will sign four landmark tax reform bills into law, ushering in a bold new era of economic governance in our country.”
Tinubu made a call to investors and citizens alike, saying, “Let the world know that Nigeria is open for business, and this time, everyone has a fair shot.”
He described the bills as not just technical adjustments but a direct intervention to ease burdens on struggling Nigerians.
“These reforms go beyond streamlining tax codes. They deliver the first major, pro-people tax cuts in a generation, targeted relief for low-income earners, small businesses, and families working hard to make ends meet,” Tinubu wrote.
According to the President, “They will unify our fragmented tax system, eliminate wasteful duplications, cut red tape, restore investor confidence, and entrench transparency and coordination at every level.”
He added that the long-standing burden of Nigeria’s tax structure had unfairly weighed down the vulnerable while enabling inefficiency.
The tax reforms, first introduced in October 2024, were part of Tinubu’s post-subsidy-removal recovery plan, aimed at expanding revenue without stifling productivity.
However, the bills faced turbulence at the National Assembly and amongst some state governors who rejected its passing in 2024.
At the NASS, the bills sparked heated debate, particularly around the revenue-sharing structure, which governors from the North opposed.
They warned that a shift toward derivation-based allocations, especially with VAT, could tilt fiscal balance in favour of southern states with stronger consumption bases.
After prolonged dialogue, the VAT rate remained at 7.5 per cent, and a new exemption was introduced to shield minimum wage earners from personal income tax.
By May 2025, the National Assembly passed the harmonised versions with broad support, driven in part by pressure from economic stakeholders and international observers who welcomed the clarity and efficiency the reforms promised.
In his tweet, Tinubu stressed that this is just the beginning of Nigeria’s tax evolution.
“We are laying the foundation for a tax regime that is fair, transparent, and fit for a modern, ambitious Nigeria.
“A tax regime that rewards enterprise, protects the vulnerable, and mobilises revenue without punishing productivity,” he stated.
He further acknowledged the contributions of the Presidential Fiscal Policy and Tax Reform Committee, the National Assembly, and Nigeria’s subnational governments.
The President added, “We are not just signing tax bills but rewriting the social contract.
“We are not there yet, but we are firmly on the road.”
The Senate has issued a 10-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) over its failure to appear before the Senate Committee on Public Accounts probing alleged financial discrepancies amounting to over ?210 trillion in its audited reports from 2017 to 2023.
Despite being summoned, no officials or external auditors from NNPCL showed up yesterday.
However, representatives from the representatives of the Economic and Financial Crimes Commission, Independent Corrupt Practices and Other Related Offences Commission and Department of State Services were present.
Angered by the NNPCL’s absence, the committee, yesterday, issued a 10-day ultimatum, demanding the company’s top executives to appear before the panel by July 10 or face constitutional sanctions.
A letter from NNPCL’s Chief Financial Officer, Dapo Segun, dated June 25, was read at the session.
It cited an ongoing management retreat and requested a two-month extension to prepare necessary documents and responses.
The letter partly read, “Having carefully reviewed your request, we hereby request your kind consideration to reschedule the engagement for a period of two months from now to enable us to collate the requested information and documentation.
“Furthermore, members of the Board and the senior management team of NNPC Limited are currently out of the office for a retreat, which makes it difficult to attend the rescheduled session on Thursday, 26th June, 2025.
“While appreciating the opportunity provided and the importance of this engagement, we reassure you of our commitment to the success of this exercise. Please accept the assurances of our highest regards.”
But lawmakers rejected the request.
The Committee Chairman, Senator Aliyu Wadada, said NNPCL was not expected to submit documents, but rather provide verbal responses to 11 key questions previously sent.
“For an institution like NNPCL to ask for two months to respond to questions from its own audited records is unacceptable,” Wadada stated.
“If they fail to show up by July 10, we will invoke our constitutional powers. The Nigerian people deserve answers,” he warned.
Other lawmakers echoed similar frustrations.
Senator Abdul Ningi (Bauchi Central) insisted that NNPCL’s Group CEO, Bayo Ojulari, must personally lead the delegation at the next hearing.
The Tide reports that Ojulari took over from Mele Kyari on April 2, 2025.
Senator Onyekachi Nwebonyi (Ebonyi North) said the two-month request suggested the company had no answers, but the committee would still grant a fair hearing by reconvening on July 10.
Senator Victor Umeh (Anambra Central) warned the NNPCL against undermining the Senate, saying, “If they fail to appear again, Nigerians will know the Senate is not a toothless bulldog.”
Last week, the Senate panel grilled Segun and other top executives over what they described as “mind-boggling” irregularities in NNPCL’s financial statements.
The Senate flagged ?103 trillion in accrued expenses, including ?600 billion in retention fees, legal, and auditing costs—without supporting documentation.
Also questioned was another ?103 trillion listed under receivables. Just before the hearing, NNPCL submitted a revised report contradicting the previously published figures, raising more concerns.
The committee has demanded detailed answers to 11 specific queries and warned that failure to comply could trigger legislative consequences.
The National Association of Nigerian Travel Agencies (NANTA) said over 17 million Nigerians travelled out between 2023 and 2024.
This is as the association announced that it would be organising a maiden edition of Eastern Travel Market 2025 in Uyo, Akwa Ibom State capital from 27th to 30th August, 2025.
Vice Chairman of NANTA, Eastern Zone, Hope Ehiogie, disclosed this during a news briefing in Port Harcourt.
Ehiogie explained that the event aims to bring together over 1,000 travel professionals to discuss the future of the industry in the nation and give visibility to airlines, hospitality firms, hospitals and institutions in the South-South and South-East, tagged Eastern Zone.
He stated that the 17 million number marks a significant increase in overseas travel and tours.
According to him, “Nigerian travel industry has seen significant growth, with 17 million people traveling out of the country in 2023”.
Ehiogie further said the potential of tourism and travel would bring in over $12 million into the nation’s economy by 2026, saying it would be a major spike in the sector, as 2024 recorded about $4 million.
“The potential of tourism and travel is that it can generate about $12 million for the nation’s economy by 2026. Last year it was $4 million.
“In the area of travels, over 17 million Nigerians traveled out of the country two years ago for different purposes. This included, health, religious purposes, visit, education and others,” Ehiogie said.
While highlighting the potential of Nigeria’s tourism, he said the hospitality industry in Nigeria has come of age, saying it is now second to none.
The Vice Chairman of NANTA, Eastern Zone further said, “We are not creating an enabling environment for business to thrive. We need to support the industry and provide the necessary infrastructure for growth.”
He said the country has a lot of tourism potential, especially as the government is now showing interest in and supporting the sector.
Ehiogie emphasized that NANTA has been working to support the industry with initiatives such as training schools and platforms for airlines and hotels to sell their products.
He added, “We now have about four to five training schools in the region, and within two years, the first set of students will graduate. We are helping airlines sell tickets and hotels sell their rooms.”
Also speaking, former Chairman of the Board of Trustees of NANTA, Stephen Isokariari of Dial Travels, called for more support from the industry.
Isokariari stated, “We need to work together to grow the industry and contribute to the nation’s Gross Domestic Product.
“With the right support and infrastructure, the Nigerian travel industry has the potential to make a significant contribution to the nation’s economy.”
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