News
122 Agencies Fail To Remit N1.2trn Surplus Revenues, FG Admits
The Fiscal Responsibility Commission (FRC) has said 122 Federal Government agencies have failed to remit N1.2trillion operating surpluses to the Consolidated Revenue Fund (CRF).
The Acting Chairman of the commission, Barrister Victor Muruako, disclosed this at a management retreat, yesterday, saying that the unremitted revenue are often mismanaged.
“Today, our records still show that most of the 122 agencies of government are in default of more than N1.2trillion which can fund a substantial portion of the FGN budget deficit if remitted in line with Fiscal Responsibility Act (FRA) 2007.
“These sums are calculated from the already submitted end of year audited accounts of the defaulting agencies, which means the monies can be traced and recovered,” he said.
Muruako said FRC has caused these Government-Owned Enterprises (GOEs) to remit over N1.7trillion to the CRF, but noted that the Commission was starving of funds as it only has N380million in the 2020 budget to operate with.
On curbing these unremitted surpluses, he said, “The commission has insisted that only if the government can implement the FRC’s recommendations of reining in more GOEs in the Schedule of the FRA, 2007, there might be no need for the government to go borrowing to fund the budget.”
The FRC boss also said from the initial 31 corporations captured by the Act, 92 other firms have been added by the Ministry of Finance based on FRC’s recommendations, which caused GOEs to remit the N1.7trillion to the CRF.
Meanwhile, the Federal Government, yesterday, raised concerns that lack of collaboration between Ministries, Departments and Agencies (MDAs) affect service delivery and increasing cost of governance.
It says that going forward, interagency collaboration will be pushed in order to make rapid progress in service delivery.
The Secretary to the Government of the Federation (SGF), Boss Mustapha, said this in a paper entitled “Reflection on ministerial performance” on the second day of the First Year Ministerial Performance Review Retreat held at the State House Conference Centre, Abuja.
According to him, significant progress has been made in the nine priority areas of the President Muhammadu Buhari’s administration, noting that while the scorecard of ministries showed that much progress has been made on several fronts, a lot more needed to be done in meeting set targets.
Mustapha said: ‘Several ministries have made significant strides in the pursuit of their objectives and we shall take steps towards supporting them to do more.
“Some others have been challenged by a number of factors and we will take steps towards addressing these challenges and supporting them.
“These challenges, some of which we have identified; such as the need to collaborate at the priority area level and avoiding the debilitating effects of working in silos.
“This challenge has hampered speed, efficiency, effective delivery, and in several instances has added to, and increased the cost of running the Ministries, Departments and Agencies.
“We will have to support government to work in a more joined up manner and ensure that interagency collaboration becomes the norm, rather than the exception.
“It is our collective task to maximise the opportunities, mitigate and minimise the challenges in order that we can make rapid progress going forward.”
The SGF reiterated that the impacts of Covid-19 pandemic have had an adverse effect on nations across the globe, including Nigeria.
According to him, several projects have either slowed down, and in some cases, have stalled altogether as a result of the pandemic.
Mustapha, however, assured that “we shall weather this storm and indeed actively seek and exploit the opportunities that it presents. The Economic Sustainability Plan which was presented by Mr. Vice President, is one of the ways the government has responded towards cushioning the effect of the Covid-19 pandemic.
“Low revenues which have affected the timely release of funds, especially for the implementation of capital projects have been repeatedly mentioned as one of the major constraints to the implementation of MDA’s programmes and projects.
“We will not rest on our oars in seeking other alternative sources to raise funds for projects beyond revenue from government.”
Another area of concern, according to the SGF is the issue of inadequate capacity in the public service, which he described as a critical challenge that must be addressed.
He noted that the Office of the Head of the Civil Service of the Federation is currently working in that regard.
Mustapha said in order to address other related constraints, interagency collaboration and partnerships in government, as well as explore private sector resourcing in key MDAs where subject matter experts equipped with strategic skill sets to facilitate project delivery are required, will be encouraged.
“Our commitment going forward is to build on the progress we have made in the past year, reflect on the lessons learned, fix those issues that have proved to be impediments, double our efforts and ensure that this time next year when we gather again to review progress, we will be reporting more tremendous gains and achievements.
“To achieve this objective, it is planned that the Delivery Unit at the Office of the Secretary to the Government of the Federation will support the ministers and the respective MDAs towards the actualization of this objective.
“Going forward, we need to formulate more home grown solutions, which I believe you have actually deliberated upon during the breakout sessions yesterday (Monday), to see what and how people in other climes are faring and where it suits, adopt and adapt what has worked as the World Bank Chief Economist suggested yesterday,” he added.
The SGF also assured ministers that his office will continue to support them on prioritisation of initiatives to focus on key projects and ensure alignment to the President’s overall objectives.
News
Nigeria Exceeds OPEC Quota As Production Hits 11-month High
Nigeria’s crude oil production has surged to an 11-month high in May, 2026, with the country exceeding its Organisation of the Petroleum Exporting Countries (OPEC) production quota.
The average crude oil production recorded during the month of May represents 102 per cent of Nigeria’s 1.5mbpd of production quota allocated by the OPEC.
The production report released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), yesterday, disclosed that Nigeria’s oil production averages 1,530,354 barrels of crude oil and 170,446 barrels of condensates per day (bpd).
According to the report, this brings the total combined production to 1, 700, 800 barrels per day and consolidating Nigeria’s position as Africa’s largest oil producer.
The report said the production performance during the review period remained robust, with combined crude oil and condensate output ranging between a low of 1.51 million bpd and a peak of 1.86 million bpd.
It said the May 2026 production figures represented the highest recorded by Nigeria since July 2025, when output surged to 1,712,282.
“In strict crude oil terms (excluding condensates), the 1.53 million barrels recorded in May 2026 represents the highest Nigeria has witnessed since January 2025 when crude oil production hit 1.538mbpd.
“The latest crude oil production statistics thus represents a 15-month high on a month on month basis, production rose by 2.77 per cent in May 2026 as against 1.48mbpd in April,” it said.
The report said the broader production trend over the last five months had also remained positive.
It said combined crude oil and condensate output increased from 1.48 million bpd in February to 1.54 million bpd in March, 1.66 million bpd in April, and then 1.7 million bpd in May, underscoring sustained growth in Nigeria’s hydrocarbon production levels.
According to the report, among production streams, Bonny Terminal led the pack with a total blend of 293,870 bpd, closely followed by Forcados Terminal at 289,900 bpd, Qua Iboe ranked third with 173,360 bpd, while Escravos Oil Terminal contributed 135,470 bpd.
It said the Odudu (Amenam Blend) completed the top five production streams, accounting for 63,250 bpd during the month under review.
The NUPRC attributes the rise in production to a sustained positive momentum as operations remained stable throughout the reporting period with no significant pipeline or facility outages recorded.
Additionally, all previously scheduled turnaround maintenance activities had been successfully completed, contributing to improved operational reliability and production efficiency.
News
Reps Pass State Police Bill
The House of Representatives, yesterday passed a landmark constitutional amendment bill to establish state police nationwide, marking a significant milestone in Nigeria’s decades-long debate over decentralising policing and strengthening internal security.
The bill, titled “A Bill for an Act to Alter the Constitution of the Federal Republic of Nigeria, 1999 to Provide for the Establishment of State Police and for Related Matters (Sixth Alteration) Bill, 2026,” was approved during consideration at the Committee of the Whole, presided over by Speaker of the House, Rt. Hon. Tajudeen Abbas.
Voting commenced after the Deputy Speaker and Chairman of the House Committee on Constitution Review, Hon. Benjamin Kalu, presented the report on the proposal and canvassed support from lawmakers, stressing the need for a more decentralised policing framework to effectively address the country’s growing security challenges.
The exercise was conducted manually, with members raising their hands to indicate their positions. At the end of the voting, 289 lawmakers voted in support of the bill, one member abstained, while none voted against it, reflecting overwhelming bipartisan backing for the far-reaching reform.
The proposed amendment seeks to fundamentally restructure Nigeria’s policing architecture by creating both Federal and State Police formations.
One of the bill’s key provisions amends Section 214 of the 1999 Constitution to formally establish the Federal Police and the State Police. Under the proposal, the National Assembly would be empowered to prescribe the structure, organisation, administration and powers of the Federal Police, while also providing the legal framework and minimum standards for the establishment and operation of state police services.
The bill stipulates that no state police formation shall commence operations unless it is established by a law enacted by the relevant State House of Assembly and certified as complying with national minimum standards prescribed by an Act of the National Assembly.
It further provides that until a state police force becomes operational, the Federal Police shall continue to exercise policing powers and responsibilities within such states.
In a bid to preserve the autonomy of state police formations and prevent undue federal interference, the bill limits federal intervention in states’ internal security affairs. Under the proposal, the Federal Police may intervene only where there is a complete breakdown of law and order, upon the request of a governor or where a state police force becomes unable to function due to administrative, financial or other operational challenges.
The amendment also proposes significant changes to the police’s appointment and command structure.
Under the amended Section 215 of the Constitution, the Inspector-General of Police would be appointed by the President on the advice of the Nigeria Police Council from among serving members of the Federal Police, subject to confirmation by the National Assembly.
Similarly, a State Commissioner of Police would be appointed by a governor on the advice of the Nigeria Police Council from among serving officers of the State Police, subject to confirmation by the respective State House of Assembly.
The bill empowers governors to issue lawful directives to State Commissioners of Police on matters relating to public safety and the maintenance of law and order. However, where a commissioner considers such directives unlawful or inconsistent with accepted policing standards, the matter may be referred to the Nigeria Police Council, whose decision shall be final.
The proposal also amends Section 84 of the Constitution by replacing references to the “National Police Council and the Federal Police Service Commission” with the “Nigeria Police Council and the Police Service Commission.”
The passage of the bill by the House represents one of the most far-reaching security reforms contemplated since the return to democratic rule in 1999 and is expected to rekindle nationwide debate on issues relating to funding, accountability, operational control and safeguards against abuse.
With the House’s approval, the constitutional amendment bill will now proceed to the Senate for concurrence. Thereafter, it must secure the endorsement of at least two-thirds of the State Houses of Assembly and receive presidential assent before becoming part of the Constitution of the Federal Republic of Nigeria.
If eventually enacted, the legislation would usher in a new era of multi-layered policing in Nigeria and could redefine the country’s approach to tackling banditry, terrorism, kidnapping and other forms of violent crimes through a more localised security architecture.
News
FG Declares Today Public Holiday To Mark Democracy Day
The Federal Government has declared today, public holiday to commemorate Nigeria’s 27 years of unbroken democratic rule.
This is contained in a statement in Abuja, by the Permanent Secretary, Ministry of Interior, Magdalene Ajani.
Ajani said that the Minister of Interior, Dr Olubunmi Tunji-Ojo, made the declaration on behalf of the federal government.
Tunji-Ojo reaffirmed the federal government’s commitment to the preservation of democratic ideals, rule of law, transparency, accountability and inclusive governance.
He assured that the ministry in collaboration with relevant security agencies woulsd continue to take appropriate measures in maintaining and strengthening Nigeria’s internal security.
The minister noted that a secured and stable environment was essential to democracy and national development.
He urged Nigerians to see the holiday as an opportunity for civic reflection.
“As we mark this historic day, every Nigerian is encouraged to remain law-abiding, uphold the institutions that sustain our democracy, and remember that the strength of any democracy lies ultimately in the character of its citizens,” he said.
He also said that June 12 every year remained a significant day in Nigeria’s history in honour of the courage, resilience and sacrifices of Nigerians whose efforts made democratic governance possible.
“Their legacies continue to inform the values and responsibilities of the Nigerian state,”Tunji-Ojo added.
-
Nation2 days ago
Asarama Kingdom Condemns Gruesome Murder of A Commercial Vehicle Driver
-
Rivers2 days ago
Monarch Raises Alarm Over Defamatory Politics … Urges For Unity In Ogoni
-
News2 days ago
Nigeria, Ethiopia Seal Agreement To Transfer 100 Nigerian Prisoners
-
News2 days ago
Nigeria No Longer Safe For Drug Cartels – Marwa
-
News2 days ago
Xenophobia: 268 Nigerian Returnees Arrive In Lagos From S’Africa
-
News2 days agoFG Declares Today Public Holiday To Mark Democracy Day
-
Women2 days ago
Nigerian Women And Dividends Of Democracy
-
Business2 days ago
FG Approves $1 Bn AFCFTA Credit Facility For Nigerian Exporters
