News
2020 Budget Scales 2nd Reading, As Reps Decry Poor Education Allocation
After two days of debate, the House of Representatives has passed the 2020 budget for second reading.
The bill was extensively debated by members of the House for straight two days, and when it was put to vote by the presiding officer, Deputy Speaker Idris Wase, the “ayes” had it.
Wase subsequently referred the bill to the committee on appropriation and other relevant standing committees of the House.
The N10.3trillion bill was submitted, last Tuesday by President Muhammadu Buhari.
While debating the budget, the House of Representatives said that the N48billion capital budgetary allocation for education in the 2020 appropriation was poor.
This followed a unanimous adoption of a motion moved by Rep. Babajide Benson (APC-Lagos) in commemoration of World Teachers’ Day at plenary presided over by the Speaker of the House, Hon Femi Gbajabiamila, yesterday.
Education, however, got an additional N112billion allocation under Universal Basic Education Commission.
There is also TETFUND, which has a budget in three figure billions.
Nevertheless, the House stressed on the need for an increase in the budgetary allocation to the Education sector in the 2020 appropriation bill to better equip teachers with the required training and adequate facilities in schools.
It also expressed concern that teachers in the country were overworked and remained among the worst paid in the world with poor welfare packages and teaching environments in spite of their contributions to societal development.
The green chamber also urged the Federal Government to improve on the welfare and support schemes for teachers.
It called for more training for teachers using the Science, Technology, Engineering and Mathematics (STEM) approach to address education policy and curriculum choices in schools.
The legislature emphasised that the training would improve competitiveness in science and technology development in the country.
The green chamber also called for the employment of more teachers to address the issue of inadequate staffing and low productivity within the education sector.
The House further mandated the committees on Tertiary Education and Services, and Basic Education and Service to ensure implementation.
The legislature, however, recognised and honoured the best teacher and principal in Nigeria to appreciate and show support for their selfless sacrifices towards societal development.
However, senators belonging to the All Progressives Congress (APC) and Peoples’ Democratic Party (PDP), yesterday, commended President Muhammadu Buhari for adhering strictly to the provisions of the Fiscal Responsibility Act by ensuring the timely submission of the 2020 Appropriation Bill to the National Assembly.
The lawmakers, during the second day of debate on the 2020 Budget estimates, said the early submission of the appropriation bill will facilitate its quick passage by the National Assembly, as well as return the country’s budget cycle to the January-December timeline as provided by Constitution.
Senator Matthew Urhoghide (PDP, Edo South) applauded Buhari over his determination to reverse the poor annual budgetary practice that characterised late submission of the appropriation bill to the National Assembly.
He said: “What President Buhari did this year, is a complete deviation from what we have been seeing in terms of procedure in the presentation of our annual budget estimates to the National Assembly.
“For the first time, the provisions of the Fiscal Responsibility Act (FRA) were strictly adhered to. Last year, we had the budget presented to the National Assembly before the MTEF/FSP came.
“We know the Act states very clearly that MTEF/FSP must come first, and the National Assembly must pass it, before the budget estimates come.
“This is the first time we are adhering strictly to this procedure. It is commendable on the path of President Buhari and the leadership of the National Assembly.”
Urhoghide, while calling on the Federal Government to ensure that capital expenditure in the 2020 budget benefits Nigerians, added that “the provisions of the FRA as regards the budgetary execution and meeting of targets must be adhered to.”
“It is the responsibility of the Finance Minister to meet with the joint Committee of Finance of the Senate and House of Representatives, so that there is a quarterly briefing of releases and distribution of funds. This is lacking, that is why there are mistakes in the execution of the budget,” Urhoghide said.
Another lawmaker, Senator Bassey Akpan (PDP, Akwa-Ibom North-East), also commended Buhari for throwing his weight behind the amendment of the Deep Offshore Inland Revenue Act.
According to the lawmaker, Nigeria stands to benefit “an additional N400billion for this year” with an amendment to the Act.
He, however, stressed that the Committees on Appropriation and Finance of the National Assembly have a task to balance the submission of the President.
“What we do as a National Assembly must reflect equitable distribution of available resources to the good of all Nigerians,” Akpan said.
Senator Clifford Ordia (PDP, Edo Central), while lending his voice to the debate of the budget estimates, said “this budget of growth and job creation is apt at this point in time in the history of our national development because when fully implemented, it will go a long way in removing our youths from the streets.”
He added: “The infrastructural development of this country needs to be handled holistically with timelines. This is the only way we can be able to attract investors to this country.”
While commending Buhari for providing N296billion sinking fund for payment of local contractors, Ordia urged the Federal Government to ensure that those owed over a period of time are duly paid.
Speaking on the manufacturing sector, the lawmaker said “It is supposed to be one of the major sectors contributing to our GDP. Unfortunately, this is not the case.
“Presently, the manufacturing sector and in fact the private sector only contribute about nine percent to our GDP.
“This will not create the right environment that would create jobs for our young school leavers,” Ordia added.
Senator Ayo Akinyelure (PDP, Ondo Central) bemoaned the high level of unaccountability by Ministries, Departments and Agencies (MDAs) of government charged with the responsibility of revenue generation.
According to him, revenues accruable to agencies such as the Nigerian National Petroleum Corporation (NNPC), Nigeria Immigration Service (NIS) and Federal Inland Revenue Service (FIRS) if accounted for, are sufficient to fund the Nigeria’s annual budget.
He said: “Not much emphasis is made in the revenue of government. The revenue of NNPC if accounted for can fund the national budget.
“The internal revenue of the immigration is not accounted for. They are made away with by contractors.
“When we talk about increase in VAT, the Federal Inland Revenue must double its efforts when it comes to remittance of revenues.”
Akinyelure, however, advised that if revenues accruable to government are properly allocated to several projects, same would go a long way in bringing about the much desired development expected by Nigerians.
The Senate adjourned debate on the 2020 budget estimates till next week Tuesday.
Meanwhile, a senior lawyer, Dr Olisa Agbakoba has written to President Muhammadu Buhari on issues surrounding the 2020 appropriation bill laid before the joint session of the National Assembly, last Tuesday.
In the letter, a copy of which was made available to newsmen, yesterday, the Senior Advocate of Nigeria (SAN), applauded the President for laying the budget estimate in good time. He, however, drew the president’s attention to salient issues regarding the budget and made some recommendations.
The letter reads, “I applaud the unusual departure of the Government of Nigeria by laying the budget estimates in good time and the reciprocity of the National Assembly to pass the estimates in 2019! This is record-breaking, but alas, this is only as good as can be said of the budget estimates.
“In a country of 200 million and 50 per cent living in poverty, the budget reflects many missing fundamentals. The starting point with this budget is a diagnosis of our condition. I would diagnose that Nigeria is afflicted with malignant metabolic economic syndrome complicated by high inflation, high interest rates, mass unemployment, weak infrastructure, slow growth, unclear borrowing policy, unaccountable subsidy, etc.
“To turn things around, I like to assume that you have charged the new Economic Advisory Council to give us short and immediate solutions. Working from my diagnosis of Nigeria’s economic disease, we need to work out a macro-economic development framework that lays out a harmonized fiscal, monetary, investment, legal, institutional and regulatory agenda. Fiscal policy or rate at which government spends, must be dramatically expansionary. We cannot have an anaemic budget of N10trillion for 200 million Nigerians, which is equivalent to N50,000 per person, per annum. This will keep us in poverty abysmal when we need double digit growth!
“On the basis of a GDP of $400billion, the baseline annual budget should be 20 per cent which approximates N20-30trillion annual spend rather than the miserly N10trillion budget. Our annual spend is anaemic and we have to infuse large money. For monetary policy, we need urgent quantitative easing, which is easing of all interest rates in particular to slack the heavy burden of high-interest rates on lending afflicting long-suffering Nigerians. We must be very proactive to look for new funds.
“Traditionally, public revenue has depended on tax and oil receipts but there are far too many other sources- the maritime sector is laden with cash, agriculture and the blue ocean, trade, the real sector, and controversial as it may appear, revenue that can be derived from new legislation on immunity from criminal prosecution. Government must consider legislation on criminal immunity to those who have plundered us, and we will likely see massive inflows of our money in foreign banks back to us. At present, the money is out of our reach anyway! I estimate $100billion will flow back if we grant immunity from criminal prosecutions but with civil sanctions.
“Engagement of the private sector in partnerships will yield a massive stock of revenue. We need our Dangotes, Jim Ovias, Mike Adenugas, Innosons to be involved, just like the Chaebols of South Korea. I know that the Onitsha-Nnewi-Ogidi market axis can generate up to N10trillion if the proper incentives are offered.
“Foreign and domestic investments in infrastructure is possible if the proper legal institutional and regulatory environment is established. Public revenue will be enhanced by, at least, N3trillion if we rebase foreign exchange rates from N305 to N360 and remove fuel subsidy at once.
“Additionally, we must review public expenditure. Far too much money is consumed by recurrent receipts. Downsizing government is a task that needs immediate attention by implementation of the Oronsaye report. Our public sector borrowing requirement needs review so that our revenue to debt ratio is less than 30 per cent. Banks must focus on their primary function of lending not trading as we have seen in purchase of Treasury bills in excess of N400billion. Tax collection efficiency and not increase should be the policy and chairman of FIRS, Fowler, and Godwin Emefiele, CBN governor are two public servants deserving special mention for their innovation.
“As an expert in shipping and hydrocarbons, I query why government only sees dollars from a barrel of crude when the value chain has at least 34 soft and hard by-products other than crude oil. In my field, there is banking, shipping, legal and insurance, but very little of the cash from this value chain from crude oil stays in our economy. We need to reset the clock. I will assume that that the budget estimates is just the start of a turnaround process of economic transformation.
“Having held their meeting with you, can the Economic Advisory Council give us a short turnaround plan to create jobs, opportunities and double digit growth? A good plan can create 10 million jobs annually, open the economy, expand local production and put the economy into double digits and pull millions out of poverty in addition to good education and healthcare.”
News
Military Shake-Up: NAF Redeploys Senior Officers, Appoints New Commanders
The Nigerian Air Force has approved a major shake-up of its senior leadership, involving fresh appointments and postings across its operational commands, strategic institutions and Defence Headquarters.
The exercise, approved by the Chief of the Air Staff, Air Marshal Sunday Aneke, on November 7, 2026, is aimed at strengthening command effectiveness, enhancing institutional capacity and sustaining operational readiness.
In a statement yesterday, the Director of Public Relations and Information, NAF, Air Commodore Ehimen Ejodame, said the appointments covered Service Headquarters, operational commands, training institutions and other strategic establishments.
The statement partly read, “The NAF has approved a major strategic realignment of its senior leadership through a fresh round of postings and appointments designed to strengthen command effectiveness, enhance institutional capacity and sustain operational readiness in support of national security objectives.
“The exercise, approved by the Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, on 7 November 2026, takes effect from November 2026.
“The appointments span Service Headquarters, operational commands, Defence Headquarters, training institutions and other strategic establishments, reflecting a deliberate effort to align leadership competencies and professional experience with the Service’s evolving operational and institutional priorities.”
At the NAF Headquarters, Air Vice Marshal AK Ademuwagun was appointed Chief of Transformation and Innovation, while AVM IV Ajiboye became Superintendent of Standards and Evaluation.
Other appointments include AVM PN Amadi as Chief of Air Intelligence; AVM NN Ananaba as Chief of Operations; AVM AH Bakari as Air Provost Marshal; AVM EE Efiom as Chief of Training; and AVM AJ Laoye as Chief of Aircraft Engineering.
The Air Force also appointed AVM NI Ilo as Air Officer Commanding, Tactical Air Command; AVM BR Mamman as AOC, Mobility Command; AVM OS Ogunsina as AOC, Logistics Command; AVM MN Onyebashi as AOC, Special Operations Command; and AVM FCS Nwakara as AOC, Ground Training Command.
At the institutional level, AVM PB Philips was appointed Commandant of the Armed Forces Command and Staff College, while AVM MC Ekwueme became Commandant of the Armed Forces Resettlement Centre.
Similarly, AVM AO Akinbunwa was appointed Commandant of the Air Force War College, while AVM OC Ubadike became Commandant of the Air Force Institute of Technology.
Other appointments include AVM AI Sambo as Commandant of the Nigerian Air Force College of Logistics and Management, and AVM M Yusuf as Deputy Commandant of the Nigerian Defence Academy.
At the Defence Headquarters, AVM UK Abdullahi was appointed Director of Defence Operations, while AVM EOE Ebiowe was posted to the Office of the National Security Adviser as Deputy Coordinator, National Intelligence.
Also, AVM DDG Pwajok was appointed Director of Technical Services at the Defence Intelligence Agency, while AVM I Sani became Deputy Chief of Defence Intelligence.
Other senior officers were posted to various directorates at the Defence Headquarters, including operations, military strategy, cyber operations, civil-military relations, search and rescue, special duties and joint warfare doctrine.
The appointments also affected the Defence Space Administration, where AVM AA Suleh was named Deputy Chief, while AVM OA Oyename and AVM SS Lazarus were appointed Directors of Earth Observation and Launch Vehicles and Space Operations, respectively.
Furthermore, AVM GI Jibia was appointed Deputy Force Commander of Operation Hadin Kai, while AVM JI Ukeh became Commander of the Nigerian Air Defence Corps.
The statement said the exercise was part of efforts to strengthen leadership renewal, institutional accountability and operational effectiveness across the service.
According to the CAS, the professional competence and wealth of experience of the newly appointed officers would advance his command philosophy and strengthen the Air Force’s capacity to deliver decisive airpower effects in support of joint operations and national security objectives.
“All affected officers are expected to assume their new appointments and complete the necessary handover and takeover formalities on or before November 13, 2026,” the statement concluded.
News
SERAP Demands Details Of FG’s N50,000 Relief Payments
The Socio-Economic Rights and Accountability Project (SERAP) has urged the Federal Government to disclose details of the funding, implementation and administration of its N50,000 National Emergency Relief and Stabilisation Intervention.
The organisation asked the Minister of Humanitarian Affairs and Poverty Reduction, Dr Bernard Doro, to provide information on beneficiary selection, payments, contracts with digital financial service providers and safeguards against political interference.
SERAP made the demand in a Freedom of Information request dated November 7, 2026, and signed by its Deputy Director, Kolawole Oluwadare.
The request followed the ministry’s October 30 announcement of the NERSI programme, which is intended to provide N50,000 in financial assistance to vulnerable Nigerians.
SERAP said important questions remained unanswered about the programme’s total funding, geographical coverage, duration and the methodology for selecting beneficiaries from the National Social Register and verified national identity records.
It urged the minister to disclose budgetary allocations, funds released and expended, eligibility criteria, beneficiary verification processes and the geographical distribution of recipients.
The organisation also asked the ministry to clarify whether the N50,000 assistance was a one-off payment or a monthly intervention, noting that the ministry’s public statement described it as a monthly payment, while a subsequent frequently asked questions document did not clearly specify the frequency or duration.
In the request, SERAP said, “Nigerians have a right to know how public funds allocated to NERSI are being spent, who is receiving the assistance, how beneficiaries are selected and whether the programme is reaching those most in need.”
The organisation raised concerns about possible political interference in the programme, particularly ahead of the 2027 general elections.
“Publicly funded social assistance must be allocated strictly on the basis of genuine need and objective eligibility criteria. It must not be used to reward political supporters, secure partisan loyalty, finance political mobilisation or influence the electoral choices of vulnerable Nigerians, particularly ahead of the 2027 general elections,” it said.
SERAP further insisted that beneficiaries should not be required to attend political rallies, support candidates or display political materials as a condition for receiving the assistance.
“Beneficiaries must not be required or encouraged to attend political rallies, support political parties or candidates, display political materials or demonstrate political loyalty as a condition for receiving assistance. NERSI is a government programme funded with public resources, not a personal gift or political benefit from any office-holder or political party,” the organisation stated.
It also urged the minister to publicly invite the Independent Corrupt Practices and Other Related Offences Commission and the Economic and Financial Crimes Commission to monitor the programme’s implementation and expenditure, investigate allegations of corruption and help ensure that funds reach intended beneficiaries.
SERAP expressed concern over reports that some Nigerians who received notifications of the N50,000 assistance had been unable to access or withdraw the funds, while others reportedly received messages indicating that they were ineligible.
“These reports raise questions about the accuracy of beneficiary verification, the reliability of payment arrangements and the effectiveness of mechanisms for resolving failed or disputed payments,” it said.
The organisation urged the ministry to investigate the complaints, publish its findings and ensure that all eligible beneficiaries received the assistance.
It also asked the government to disclose agreements with the digital financial service providers engaged to administer the payments, including ALAT, MoMo PSB, NairaGram, OPay and Moniepoint.
SERAP requested details of the providers’ roles, fees and performance, as well as information on how beneficiaries’ personal data would be protected.
“The use of the National Social Register and national identity records to identify beneficiaries must be governed by clear rules and appropriate data-protection safeguards. The Ministry should disclose how these records are being used and ensure that beneficiaries’ personal information is protected, while making anonymised and aggregated information available for public scrutiny,” it said.
The group further asked the ministry to publish anonymised information showing the number of beneficiaries and the amounts paid or scheduled for payment in each state and local government area.
It also sought records of any involvement of political actors in beneficiary selection, payments, access to beneficiary databases and the use of public resources to promote the programme.
To strengthen accountability, SERAP cited concerns raised by the Auditor-General of the Federation in the 2024 Annual Report regarding more than N78.8bn in public funds allegedly diverted or unaccounted for in the administration of social intervention and cash transfer programmes.
It also referred to concerns over N33.751bn in cash transfers made in 2023 for which relevant REMITA records and other supporting documents were reportedly not provided for audit.
“These findings underscore the importance of adequate financial controls, proper record-keeping, independent verification and effective oversight from the outset of the new intervention,” SERAP said.
The organisation said the information requested would enable Nigerians to assess whether the programme was reaching eligible beneficiaries and whether public funds were being properly accounted for.
It added, “Disclosure would also strengthen public confidence in social protection programmes and help ensure that resources intended for vulnerable Nigerians are used for their intended purposes.”
SERAP gave the minister seven days from receipt or publication of the letter to provide the requested information and take the proposed measures.
It warned that it would consider legal action to compel the ministry and other relevant authorities to fulfil their constitutional and statutory obligations if they failed to respond within the stipulated period.
News
Tinubu Didn’t Borrow ?120trn In Three Years, Presidency Replies Opposition
The Presidency has dismissed as misleading claims that President Bola Tinubu borrowed ?120 trillion in just three years while also removing the fuel subsidy.
In a statement posted on X yesterday, Special Assistant to the President on Social Media, Dada Olusegun, described the figures as the product of “Opposition’s propaganda machines.”
He said the claim that 16 past Nigerian leaders borrowed a combined ?46 trillion over 63 years, while Tinubu borrowed ?120 trillion in three years, does not reflect the full picture.
“Opposition’s propaganda machines claim that in 63 years, 16 past Nigerian leaders borrowed ?46 trillion combined, while President Tinubu borrowed ?120 trillion in just 3 years and still removed the fuel subsidy.
“But in reality, the ?46 trillion figure from late 2022 hid ?22.7 trillion in Central Bank ‘Ways and Means’ overdrafts that weren’t officially put on the books until May 2023,” Olusegun stated.
He added that earlier calculations converted foreign debt using an artificial exchange rate of ?448 to $1, when the street value was over ?700.
“When the exchange rate was unified in June 2023, the exact same dollar debt instantly looked ?13.4 trillion larger on paper overnight without a single new dollar being borrowed.”
In actual dollar terms, he said, Nigeria’s public debt rose from $113.4 billion in June 2023 to $120.9 billion by June 2026 — an increase of only $7.5 billion.
On the fuel subsidy, Olusegun noted that its removal had boosted monthly Federation Account Allocation Committee funds shared to states and local governments from ?656 billion in April 2023 to ?2.4 trillion by September 2026.
The claims being rebutted originated from a viral social media graphic that compared cumulative borrowing under previous administrations with the Tinubu government’s record and highlighted the subsidy removal.
Fact-checkers have described the graphic as misleading because the ?46 trillion figure represented outstanding debt at the end of 2022 rather than total borrowing by 16 leaders over 63 years, and because it did not adequately account for exchange-rate effects or the formal recognition of previously off-book obligations.
Nigeria’s total public debt stood at approximately ?87.38 trillion (about $113.4 billion) in June 2023, shortly after Tinubu took office.
By June 2026 it had risen to about ?166.79 trillion ($120.93 billion), according to Debt Management Office figures.
A large part of the naira increase stemmed from the 2023 naira float and the securitisation of Ways and Means advances inherited from the previous administration.
The latest rebuttal comes after Tinubu asked the Senate to approve the implementation of a $7.7bn external borrowing plan to part-finance the 2026 budget deficit.
The request, which translates to about N10.79tn at the budget exchange rate of N1,400 to the dollar, was conveyed in a letter read by the President of the Senate, Godswill Akpabio, during Wednesday’s plenary.
The request replaced an earlier approval for $20.52bn and €1.045bn borrowings that the President had asked the Senate and the House of Representatives for a week earlier.
However, opposition parties, including the Nigeria Democratic Congress, criticized the request, citing concerns about the country’s rising debt burden and its implications for future generations.
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