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N2.5tn Injected In Varsities, Others In 10 Years, FG Claims

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The Federal Government has injected over N2.5trillion in the development of infrastructure and staff development in public universities, polytechnics and colleges of education in Nigeria in the last 10 years of establishment of the Tertiary Education Trust Fund.
The Chairman, Board of Trustees of Trustees of TETFund, Kashim Ibrahim-Imam, made this known, yesterday at the 3rd edition of Tax Payers Forum with the theme: “TETFUND Intervention: Catalyst for transforming tertiary education in Nigeria.”
The details of the event which held in Lagos, was sent to Journalists in Abuja.
While promising to ensure that intervention to the beneficiary institutions be increased by 50 per cent next year and 100 per cent in two years, Ibrahim-Imam also said that the agency was targeting more than N500billion education tax collection by 2023.
The event in which the Governor of Lagos State, Babajide Sanwo-Olu, was represented by his Deputy, Olufemi Hamzat, as guest of honour was attended by captains of industries, academia and other stakeholders.
The governor insisted that funding for the education sector must be prioritised, adding that TETFund was then established as a child of necessity to intervene in the ailing universities system and that universities in Nigeria would have been worse than the current situation without TETFund.
He therefore, appealed to the private companies operating in Nigeria to be consistent in their remittances, while also charging TETFund to endeavour to create Silicon Valley for Nigeria and focus on how to take research to the market.
Ibrahim-Imam said that for 2021 alone, TETFund budgeted the sum of N300billion to over 226 higher institutions across the country in 2021.
According to him, the agency had budgeted N120billion to education in 2020 but was increased to N300billion in 2021.
He tasked the Federal Inland Revenue Service on increasing the education tax collection to N500billion in the next two years.
Ibrahim-Imam said more than N30billion was set aside for academic staff training in the various institutions across the country.
He said in response to the challenges of acute shortage of hostels in Universities in the country, that the BoT of TETfund has approved the construction of 160,000 additional bed spaces in the institutions across the country.
The Minister of Education of Education, Mallam Adamu Adamu, represented by the Pro-chancellor of University of Benin, Dr. Sonny Kuku, commended the stakeholders for their contribution while assuring them of the determination of the Federal Government to transform the entire landscape of public tertiary institutions in Nigeria.
The Executive Secretary of TETFund, Prof. Suleiman Bogoro, in his welcome address, said the Tax Payers Forum served as the platform to honour and identity individuals and companies that have made tremendous contributions to education through the consistent payment of education tax and have invariably contributed to the development of education and by extension that of the entire nation.
He explained that the two per cent education tax is remitted annually by companies through the FIRS to TETFund for allocation and onward disbursement to beneficiary institutions across the country.
Bogoro said that the education tax over the years has been channelled into different activities and areas in line with the mandate of the Fund as enshrined in the establishment Act.
He said, “Infrastructure has been given special attention in this regard, because of its decay and collapse across public tertiary institutions in Nigeria at the onset.
“A careful observation will reveal that the Fund has between January to December 2020 alone carried out 16,982 various infrastructure projects across beneficiary institutions.
“Considering the projects carried out since inception, based on annual allocation to institutions over the years 2011 to 2021, it is estimated that a total of over 152,838 various infrastructure projects have been carried out across various public tertiary institutions.
“These projects include construction of lecture theatres, classrooms, hostels, offices, laboratories, road networks and fencing of institutions in different parts of the country. Tertiary institutions across the country are dotted with TETFund projects which bear the insignia of the Fund distinctly inscribed on each project.
“Additionally, we have sponsored over 10,632 lecturers in the local Ph.D. program, over 9,072 lecturers in the local master’s degree programme across the country between 2011 and year 2020.
“The Fund has also sponsored well over 4,485 lecturers to overseas institutions for Ph.D. programs and over 3,192 Master’s degree candidates also overseas, across tertiary institutions within the same period.
“The Fund has further supported 71,263 lecturers in Federal and State Colleges of Education under its teacher supervision programme, bringing to a total 98,644 the number of academic staff across public tertiary institutions that have benefited from the academic staff training and development programme of the Fund.”

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Nigeria Exceeds OPEC Quota As Production Hits 11-month High

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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.

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Reps Pass State Police Bill

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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.

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FG Declares Today Public Holiday To Mark Democracy Day

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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.

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