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BusinessRe: See How This Jamaican Man Dressed After Winning $ 1.5m Lottery (Throwback) by iwaeda: 4:55pm On Jan 12
He is avoiding billings and village people. grin grin grin grin
PoliticsRe: President Tinubu Arrives Abu Dhabi, UAE by iwaeda: 4:40pm On Jan 12
He looks stressed, frayed and over burdened. grin grin grin grin
PoliticsRe: Nigeria ‘Harbours Over 45% of West Africa’s Illegal Arms’, CDS Musa by iwaeda: 4:38pm On Jan 12
They only talk when they leave offices. APC need to be flushed out. grin grin grin grin grin grin
CrimeRe: CCTV Captures How A Man Was Kidnapped In His Compound In Ekpoma, Edo (Video) by iwaeda: 1:03pm On Jan 12
When we talk now, they call us names. Tinubu is a failure. It has shifted to Edo from Kwara. grin grin grin grin grin
Art, Graphics & VideoRe: Meet Tomi, The Trending Blind Nigerian Sketch Maker On Tiktok & Youtube by iwaeda: 11:54am On Jan 12
The wife looks familiar. I love the guy. I saw his skits, the one where he said he doesn't know how beautiful his children are moved me. grin grin grin grin
RomanceRe: “today Is My Wedding, But I Ran Away” — Nigerian Woman Sparks Online Debate by iwaeda: 10:47am On Jan 12
Village people both ways. grin grin angry angry angry
CelebritiesRe: “Even If It’s $100 Or $200, Help This Child” — Hellen Ati To Cubana Chief Priest by iwaeda: 10:09am On Jan 12
The problem of baby mama. Obi Cubana should do the needful, not like K1 who abandoned the boy with actress I will not name. grin grin grin grin grin
PoliticsBandits Attack Wedding Convoy In Katsina, Kill Two, Injure Bride, Kidnap Guests by iwaeda(op): 9:46am On Jan 12
Suspected bandits have attacked a wedding convoy in Unguwar Nagunda, Kankara Local Government Area of Katsina State, killing at least two people and injuring several others.

According to a Katsina-based security analyst Malam Bakatsine, the attack comes at a time when the Katsina State Government says it is preparing to pardon 70 detained bandits, citing “improved security” following peace talks held across several local government areas.

He noted that several people, including the bride, were injured during the attack, while an unknown number of wedding guests were abducted.

Residents report heavy gunfire and widespread panic as the bandits struck. At least two people were killed, several others injured including the bride and an unknown number of wedding guests were abducted,” he said.

As of this morning, families are still trying to confirm how many people were taken.

According to him, officials say the planned pardon is meant to consolidate peace and encourage more fighters to lay down their arms.

However, residents of Unguwar Nagunda, Mabai and other parts of Kankara and neighbouring local government areas continue to report attacks, killings and abductions, raising serious questions about the reality on the ground.

SaharaReporters reached out to DSP Abubakar Sadiq, the Katsina State Police Command’s Public Relations Officer, for comment, but he had not responded to calls or messages as of the time of filing this report.

On Friday, SaharaReporters exclusively reported that a fresh controversy had broken out in Katsina State following the surfacing of an official document indicating that the state government initiated steps to secure the release of dozens of suspected bandits currently facing criminal trials.

The document, a letter dated January 2, 2026, and classified as “SECRET,” was issued by the Katsina State Ministry of Justice and addressed to the Chief Judge of the state.

It shows that the ministry requested the intervention of the Administration of Criminal Justice Monitoring Committee (ACJMC) to facilitate the release of the detained suspects.

Signed by the Director of Public Prosecutions, Abdur-Rahman Umar, Esq., the letter disclosed that a list containing the names of 48 individuals accused of various banditry-related offences had been forwarded to the Ministry of Justice by the Ministry of Internal Security and Home Affairs.

According to the letter, the proposed release of the suspects is aimed at “facilitating their release from detention, as one of the conditions precedent for the continuance of the peace accord deal signed between the frontline local governments and the bandits.”

The Ministry of Justice further revealed that while a handful of the suspects had been arraigned before the Federal High Court, most remain in detention awaiting trial at various Magistrate Courts across Katsina State.

The letter also disclosed that a separate list of about 22 inmates currently facing trial before different High Courts in the state was submitted, with the aim of having them released under the same peace arrangement.

The Ministry urged the Chief Judge to take “necessary action,” arguing that the matter falls within the statutory powers of the Criminal Justice Monitoring Committee under Section 371(2) of the Administration of Criminal Justice Law of Katsina State, 2021.

Meanwhile, the Katsina State Government has explained that its decision to initiate the release of 70 individuals suspected of involvement in banditry is aimed at sustaining ongoing peace agreements with armed groups operating in the state.

Commissioner for Internal Security and Home Affairs, Nasir Muazu, said the measure was intended to consolidate accords reached between affected communities and repentant bandits across multiple local government areas.

Muazu stated this amid public reactions to an exclusive report by SaharaReporters about a leaked government letter seeking judicial intervention to facilitate the suspects’ release.

He noted that the broader peace deal, covering at least 15 local government areas, has already resulted in the release of about 1,000 people abducted during bandit attacks.

Describing the arrangement as akin to prisoner exchanges typically seen in wartime, Muazu emphasized that the initiative has produced tangible results.

The disclosure has sparked outrage and concern among legal practitioners and civil society groups, who warn that releasing suspects accused of serious crimes such as banditry could undermine the rule of law, deny victims justice, and embolden criminal groups.

Critics contend that although peace initiatives are important, negotiating the release of suspects already in custody, some of whom are standing trial, raises serious constitutional, ethical, and security concerns.
https://saharareporters.com/2026/01/12/bandits-attack-wedding-convoy-katsina-kill-two-injure-bride-abduct-guests

PoliticsRe: NBS Meets Stakeholders Ahead Of December Inflation Report by iwaeda(op): 9:06am On Jan 12
Waiting for how to cook the book again. They will drop it to 13.9% grin grin grin grin grin
PoliticsNBS Meets Stakeholders Ahead Of December Inflation Report by iwaeda(op): 8:28am On Jan 12
The National Bureau of Statistics is set to engage stakeholders ahead of the release of the inflation data for December.

This stakeholders meeting is scheduled to be held on Monday amid multiple projections that the disinflationary trend would be halted temporarily in December over year-end spending and waning base year effects.

The PUNCH reported that CardinalStone projected that the headline inflation would come to 32.07 per cent. However, this jump in inflation is expected to be temporary and reversed in January 2026. Similarly, Coronation Asset Management also expected a reversal of the current disinflationary trend in December, projecting a sharp rise in inflation at year-end. The firm attributed the expected increase largely to base-year effects.

“For December, we expect a reversal of the current disinflationary trend, with inflation projected to rise sharply at year-end, largely reflecting a statistical base-year effect.




On a month-on-month basis, we expect an uptick in headline inflation to persist, reflecting sustained festive-season demand pressures, elevated transport activities associated with holiday travel, and continued cost pass-through from higher logistics and service-sector prices. In addition, food prices are likely to remain under upward pressure as a result of tighter market supplies, insecurity in key producing regions, and increased Yuletide consumption,” Coronation stated in its macroeconomic update.

AIICO Capital, in its macroeconomic update on Friday ahead of the inflation figure release, reiterated that the base-year effect, combined with festive spending, is expected to halt the disinflationary trend in December, with the headline CPI expected to be in a range of 31.4–32.4 per cent year-on-year.

Substantiating its projections, AIICO Capital said, “Our position is based on the base year effect on the components of the headline inflation, core and food inflation, as well as festive season spending on the overall price in December. Our analysis indicates that core inflation, which reflects changes in the average price of non-farm produce, is expected to ease by a minimum of 10bps to 1.0–1.2 per cent m/m and increase by a minimum of 1510bps to 32.50–32.60 per cent year-on-year.



“The month-on-month easing is expected to be driven by two major factors: naira appreciation and reduced petrol price in December. Notably, the naira appreciated by 76 bps (N10.98 per USD) to N1,435.76 per USD at the official window, although it depreciated marginally by 34 bps (N5.00 per USD) to N1,475.00 per USD in the parallel market. In addition, average petrol prices declined by 14.7 per cent, from N890 per litre to N759.5 per litre, following a 16 per cent reduction in gantry prices to N699 per litre by a major domestic refiner, Dangote Refinery.”

Calling on stakeholders to attend the engagement, the Nigerian Economic Summit Group, in an email, said, “Inflation has remained one of the most critical macroeconomic indicators globally. In Nigeria, following the CPI rebasing in 2025, the inflation has moderated to 14 per cent in November 2025. Anticipation in some quarters suggests strong expectations that the December 2025 inflation figure could record an artificial spike arising from base effects associated with the arithmetic computation of the inflation rate.”

The private sector think tank added that the expected spike in inflation for December does not reflect a deterioration in underlying structural or economic conditions; “Rather, it is a consequence of the computational methodology. These expectations, if not well understood, risk heightening uncertainty, weakening confidence in official statistics, and complicating policy and business decision-making.

“The National Bureau of Statistics, as the custodian of Nigeria’s official inflation data, plays a vital role in ensuring transparency, methodological clarity, and stakeholder confidence in the Consumer Price Index. Given heightened inflation expectations, it is important to engage technical stakeholders ahead of the release of the December 2025 CPI to discuss inflation dynamics, data trends, and the interpretation of outcomes.

“Accordingly, there is a need to proactively sensitise and engage data users and key stakeholders on what to expect, as well as to clearly communicate how the National Bureau of Statistics intends to address and contextualise this outcome.”

The PUNCH reported that in early 2025, the National Bureau of Statistics rebased the Consumer Price Index with the price reference period updated to 2024 from 2019. The NBS averred that the rebasing reflects current price volatility and provides a clearer understanding of economic trends in Nigeria.



https://punchng.com/nbs-meets-stakeholders-ahead-of-december-inflation-report/
PoliticsRe: Tinubu's Identity: Cute Abiola Late Father's Picture & More Controversy Emerging by iwaeda: 7:58am On Jan 12
Interestingly I was looking at this picture over the weekend and I doubt in the 80s, this type of suit exist. People that can use Donald Duke's picture. What else they can't forged. grin grin grin grin grin grin grin
PoliticsRe: Katsina Governor To Release 70 Bandits After Peace Deal by iwaeda: 7:15am On Jan 12
Tinubu doesn't know what he is doing, how can government be releasing 70 bandits to continue destroying others. They kill and get pardon. grin angry angry grin grin grin grin
PoliticsRe: Rivers Assembly: No Court Order Can Stop Fubara’s Impeachment by iwaeda(op): 9:46pm On Jan 11
Wike only barking. grin grin grin grin
European Football (EPL, UEFA, La Liga)Re: Barcelona Vs Real Madrid: Spanish Super Cup Finals (3 - 2) On 11th January 2026 by iwaeda: 9:41pm On Jan 11
Barcelona 3 Real Madrid 2. Raphinaaa again. grin grin grin grin grin grin
European Football (EPL, UEFA, La Liga)Re: Barcelona Vs Real Madrid: Spanish Super Cup Finals (3 - 2) On 11th January 2026 by iwaeda: 8:54pm On Jan 11
Barcelona 2 vs Madrid 2. grin grin grin grin
European Football (EPL, UEFA, La Liga)Re: Barcelona Vs Real Madrid: Spanish Super Cup Finals (3 - 2) On 11th January 2026 by iwaeda: 8:51pm On Jan 11
Barcelona 2 Madrid 1. Lewandonski grin angry grin grin
European Football (EPL, UEFA, La Liga)Re: Barcelona Vs Real Madrid: Spanish Super Cup Finals (3 - 2) On 11th January 2026 by iwaeda: 8:49pm On Jan 11
Barcelona 1 vs Madrid 1. grin grin angry angry
PoliticsRe: Rivers Assembly: No Court Order Can Stop Fubara’s Impeachment by iwaeda(op): 8:44pm On Jan 11
BondRiv:
His impeachment won't bring APC to its knees. Come out with your full chest and say you support the despot Fubara. Stop deceiving yourself.
Fubara CAN NOT be impeached. grin grin angry angry angry
European Football (EPL, UEFA, La Liga)Re: Barcelona Vs Real Madrid: Spanish Super Cup Finals (3 - 2) On 11th January 2026 by iwaeda: 8:43pm On Jan 11
Barca scored 1-0. Raphina. grin grin grin grin
PoliticsRe: No One Will Be Leader Forever – Wike by iwaeda: 7:45pm On Jan 11
Law of life, Wike. grin grin grin grin grin
European Football (EPL, UEFA, La Liga)Re: Barcelona Vs Real Madrid: Spanish Super Cup Finals (3 - 2) On 11th January 2026 by iwaeda: 7:45pm On Jan 11
Team Best team. Temper will fly. grin grin grin grin
European Football (EPL, UEFA, La Liga)Re: Manchester United Vs Brighton: FA Cup (1 - 2) On 11th January 2025 by iwaeda(op): 7:00pm On Jan 11
Manchester DisUnited 0 Brighton 2.
grin grin grin cheesy grin grin
PoliticsRe: Rivers Assembly: No Court Order Can Stop Fubara’s Impeachment by iwaeda(op): 6:57pm On Jan 11
Nlfpmod, in Gbenga Adeboye's voice, Ija sese bere. grin grin grin grin
PoliticsRe: I Was Conceived In Canada, Built For Nigeria - Fela Durotoye by iwaeda: 6:47pm On Jan 11
Aspire to perspire brother. Good evening. grin grin grin grin grin
European Football (EPL, UEFA, La Liga)Re: Manchester United Vs Brighton: FA Cup (1 - 2) On 11th January 2025 by iwaeda(op): 6:45pm On Jan 11
Who will save Manchester disunited? Hope they score. grin grin grin grin grin
PoliticsRivers Assembly: No Court Order Can Stop Fubara’s Impeachment by iwaeda(op): 5:18pm On Jan 11
The Rivers State House of Assembly has raised the alarm over what it described as a plot by some persons linked to the executive arm to procure a court order stopping it from performing its functions.

The Chairman, House Committee on Information, Petitions and Complaints, Dr Enemi Alabo George, in a statement on Sunday, said the plot was to get the exparte order from the state High Court operating outside Port Harcourt, the state capital.


ad
But the House said such move was dead on arrival because it would amount to an attempt to subvert the 1999 Constitution of the Federal Republic of Nigeria as amended.

He also stated that all that is required is for the office holders who have already been duly served with the Notice of Allegations of Gross Misconduct is to respond to them item by item rather than deploy subterranean moves to subvert the law or use proxies to malign members and the Rivers State House of Assembly in the media.


The lawmakers described the move as illegal, saying it ran foul of Section 272 (3) and 188 (10) of the constitution as well as some judicial decisions of the Court of Appeal.

He said instead of running from pillar to post, the office holders that had been served notice of allegations of gross misconduct by the House of Assembly should do the needful by responding to them.

George said: “The Rivers State House of Assembly has received information of plots by certain persons to utilize some Rivers State High Courts, especially outside the Port Harcourt Judicial division, to issue exparte orders to illegally stop the Rivers State House of Assembly from performing her constitutional duties.


“These persons are fully aware of the provisions of section 272(3) of the Constitution which states that ‘subject to the provisions of section 251 and other provisions of the constitution, the Federal High Court shall have jurisdiction to hear and determine the question as to whether the term of office of a member of the House of Assembly of a state, Governor or Deputy Governor has ceased or become vacant’.

“Also, section 188(10) states that ‘no proceedings or determination of the panel or of the House of Assembly or any matter relating to such proceedings or
determination shall be entertained or questioned in any court’.

“These persons are also fully aware of judicial pronouncements on this matter especially recently at the Court of Appeal on a matter involving similar exparte order by a Rivers State High Court contrary to section 272(3) of the constitution.
A word is enough for the wise”.


The Assembly called on persons behind the move to exercise restraint and refrain from actions inimical to the constitution.

The lawmakers said, “Therefore, with the leave of the Speaker of the Rivers State House of Assembly, I call on those concerned to exercise restraint and refrain from acts inimical to the Constitution and the rule of law.

“All that is required is for the office holders who have already been duly served with the Notice of Allegations of Gross Misconduct to respond to them item by item rather than deploy subterranean moves to subvert
the law or use proxies to malign members and the Rivers State House of Assembly in the media.

“We remain committed to the Constitution and the rule of law and may God bless
our dear Rivers State and Nigeria.” he said.
https://dailytrust.com/rivers-assembly-no-court-order-can-stop-fubaras-impeachment/?noamp=available

PoliticsRe: FG Budgets N6.04 Billion For Ajaokuta Staff In 2026 Despite Zero Output by iwaeda(op): 9:55pm On Jan 10
Nlfpmod. grin grin grin grin grin
SportsRe: Nigeria Vs Morocco: AFCON 2025 Semi-Finals 0(2) - (4)0 On 14th January 2026 by iwaeda: 9:55pm On Jan 10
Morocco 1 vs Nigeria 2. Final. grin grin grin grin
PoliticsRe: Obasanjo, Atiku, Peter Obi Meet At Tambuwal's 60th Birthday Colloquium In Abuja by iwaeda: 5:19pm On Jan 10
Atiku is the Next President,Obi VP. grin grin grin grin
SportsRe: AFCON: Who Noticed Our Players Can’t Sing The National Anthem? by iwaeda: 5:12pm On Jan 10
Only my children knows the anthem, sang it last in the days of aluta. grin grin grin grin
PoliticsFG Budgets N6.04 Billion For Ajaokuta Staff In 2026 Despite Zero Output by iwaeda(op): 5:11pm On Jan 10
The Federal Government has proposed to spend N6.04 billion on personnel costs for Ajaokuta Steel Company Limited in the 2026 fiscal year, even though the steel complex has remained non-operational more than four decades after it was conceived.

Data from the 2026 Appropriation Bill shows that the company was allocated a total of N6.69 billion for the year, with personnel expenses alone accounting for about 90.4% of the entire provision.

The structure of the allocation reinforces Ajaokuta’s long-standing role as a non-producing public enterprise sustained largely by salary payments rather than industrial activity.


What does the 2026 proposed budget show
Nairametrics observed that of the N6.04 billion earmarked for personnel, N4.79 billion is for salaries and wages, while N1.25 billion is set aside for allowances and statutory social contributions.

These include N479.42 million for employer pension contributions, N239.71 million for NHIS payments and N59.82 million for employees’ compensation insurance. Regular allowances alone amount to N468.9 million.

A closer look at the proposed 2026 budget shows a sharp imbalance between recurrent and capital expenditure. Total recurrent spending for Ajaokuta stands at N6.28 billion, while capital expenditure is limited to N410.8 million.

This means that less than 7% of the company’s total allocation is directed towards assets, rehabilitation or infrastructure.

The capital budget itself is thinly spread across minor items. Fixed asset purchases such as computers, printers and security equipment account for N56.4 million.

Construction and provision of facilities take N129.2 million, while rehabilitation and repairs are allocated N225.2 million, largely for electricity-related works and office buildings.

These figures highlight how little funding is being channelled toward reviving a heavy industrial complex originally designed to anchor Nigeria’s steel and manufacturing value chain.

Year-on-year trends show persistence, not reform
An examination of recent budget trends shows that the 2026 figures represent continuity rather than reform. In 2024, personnel costs at Ajaokuta stood at N4.29 billion.

This jumped to N6.21 billion in 2025, representing a 44.8% increase despite the absence of production. The proposed N6.04 billion for 2026 reflects only a marginal 2.7% reduction from the previous year.

While the slight decline may appear like restraint on paper, it does not alter the underlying structure of spending.

Salaries continue to dominate the budget, while capital investment remains compressed, confirming that staff remuneration remains the core priority rather than steel output.

Zero revenue and dependence on federal payments
The budget document indicates that Ajaokuta is projected to generate zero independent revenue in 2026 and will receive no grants. This leaves the company fully dependent on federal subventions for survival.

Despite this, it continues to feature in constituency-style capital projects such as solar street lighting in parts of Niger East and Kwara North, water facilities, road repairs, security lighting and grants to market women and youths.

These projects, although ongoing, are not linked to steel production or industrial capacity and do little to change the company’s non-operational status.
However, separate from Ajaokuta’s own allocation, the proposed 2026 budget includes provisions for revival-related activities under the Federal Ministry of Steel Development.
The ministry allocated N150.99 million for the revitalisation of Ajaokuta Steel Company Limited and the National Iron Ore Mining Company, classified as an ongoing capital project.
Also, N1.06 billion was set aside for project preparation aimed at investment mobilisation for Ajaokuta.
This covers feasibility studies, Environmental and Social Impact Assessments and financial modelling.
While these signals continued planning activity, it also shows that spending remains concentrated on preparatory work rather than physical recommissioning.
The 2026 provisions are notably lower than in 2025, when the ministry budgeted N2.41 billion for project preparation and N250.98 million for revitalisation of Ajaokuta and NIOMCO.

The decline points to a 56% drop in project preparation spending year on year, even as the steel complex remains idle.

What you should know
Conceived in 1979 as Nigeria’s flagship industrial project, the Ajaokuta Integrated Steel Complex was expected to reduce steel imports, drive industrialisation and support economic diversification.

More than 40 years later, budget allocations suggest it functions largely as a payroll institution, with successive governments funding salaries while production remains at zero.
On its website, the company says it employs about 3,000 workers and claims that full commissioning could directly engage about 10,000 staff, with upstream and downstream industries potentially supporting up to 500,000 jobs nationwide.
For now, the proposed 2026 budget figures show a steel plant sustained by recurrent spending, with revival still confined to studies and plans rather than output.

https://reubenabati.com.ng/feature/fg-budgets-n6-04-billion-for-ajaokuta-staff-in-2026-despite-zero-output

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