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PoliticsRe: FG Rejects Claims Of Secret Task Force Targeting Opposition by ogododo(op): 9:33pm On Dec 30, 2025
Nawa Nlfpmod. Dem wan dey arrest?
PoliticsFG Rejects Claims Of Secret Task Force Targeting Opposition by ogododo(op): 4:59pm On Dec 30, 2025
The Federal Government has refuted claims of a clandestine multi-agency operation aimed at unlawfully arresting, detaining, or prosecuting prominent opposition politicians.

The government labeled a viral document on the matter as “fabricated” and part of deliberate disinformation.

The controversial document, which has been circulating on social media and other platforms, allegedly described a special task force, codenamed “ADP4VIP” (Arrest, Detain, Prosecute for Very Important Persons) and involving the anti-graft agencies including the Economic and Financial Crimes Commission.

It claimed the task force, purportedly coordinated by the Office of the National Security Adviser, was designed to target high-profile opposition figures, in a bid to weaken opposition political activity ahead of the 2027 general elections.


Inside Kwara Community Where 60 Maidens Wed In One Day0:00 / 0:00

But in a press release issued on Tuesday by the Minister of Information and National Orientation, Mohammed Idris, the government denied the existence of such programme.

The statement read, “The Federal Government of Nigeria categorically states that it harbours no plans to unlawfully arrest, detain, or prosecute opposition figures. This clarification is in response to a fabricated document in circulation alleging the establishment of a non-existent multi-agency task force for a purported programme tagged “ADP4VIP” (Arrest, Detain, Prosecute for Very Important Persons).

“The baseless document falsely claims that a task force comprising the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Nigerian Financial Intelligence Unit (NFIU), coordinated by the Office of the National Security Adviser, aims to aggressively target prominent opposition figures without due process.

“The authors of this deliberate disinformation imprudently cite ‘multiple credible sources’ to allege a planned ‘systematic weakening and neutralisation of opposition political activity,’ particularly within the African Democratic Congress (ADC).”

Denying existence of ADP4VIP, the Federal Government added, “The administration of President Bola Ahmed Tinubu, GCFR, is firmly and successfully focused on its core agenda: implementing measurable economic reforms, defeating insecurity, expanding trade opportunities, and restoring investor confidence.

“The attempt by some opposition elements to frame lawful accountability as political targeting is a dangerous red herring designed to shield so-called VIPs from answering to our national laws and anti-corruption agencies.”

Reaffirming its commitment to democratic principles, the government invoked Section 40 of the 1999 Constitution (as amended), which guarantees every Nigerian the right to freely associate and assemble.

It highlighted President Tinubu’s oath to uphold the Constitution and his record as a democrat.

“The Federal Government remains unwavering in its commitment to the rule of law, due process, and the independence of institutions,” the release stated.

The government also cautioned against the spread of disinformation and fake news, warning that such tactics are likely to intensify as the 2027 elections approach.

It urged Nigerians to reject “the politics of distortion and division” and remain vigilant.

The press release comes amid ongoing political tensions, including discussions around opposition coalitions and the role of parties like the ADC in potential challenges to the ruling All Progressives Congress in future elections.

https://punchng.com/fg-rejects-claims-of-secret-task-force-targeting-opposition/
PoliticsRe: 1GW In 30 Months: Nigerians Battle Darkness As Tinubu’s Power Generation Promise by ogododo(op): 7:47am On Dec 30, 2025
10,000MW locked up in idle plants

Ironically, Nigeria’s electricity crisis is not solely a problem of insufficient generation. According to the Minister of Power, more than 10,000MW of generation capacity remains stranded across the country due to transmission and distribution constraints.

Speaking at the Nigeria Energy Conference in Lagos, Adelabu described the situation as a monumental waste of resources, noting that plants capable of supplying electricity to homes and industries are left idle while millions live in darkness. He said the country’s immediate problem was not generation but the inability to transmit and distribute the energy already available, even when the TCN claimed it has 8,700MW wheeling capacity.


Adelabu described the country as wasteful because plants that should light up businesses and homes were left idle without considering the cost of construction.

“In Nigeria today, we have over 10GW of stranded generation capacity. We have energy being generated or installed all over the country that we are not even using. Generation will not be our immediate problem today, but stable transmission and effective distribution to the household, with full metering…”

“Energy that will power industries, create jobs, and even support electricity exports to our neighbouring countries through the regional power pool is all stranded,” the minister regretted.

He lamented that several government-built assets worth billions have been left idle for years, saying the country was being lazy and carefree.

250 firms dump grid

As grid supply remains unreliable, a growing number of companies and institutions have turned their backs on the national electricity market.

Findings from NERC data show that over 250 manufacturers, tertiary institutions, and large commercial entities have exited the grid to generate their own power. Collectively, these firms now generate an estimated 6,500MW of electricity—more than Nigeria’s current grid supply.


While some of these captive power plants run on gas, many have increasingly embraced renewable energy, particularly solar power, to reduce costs and ensure reliability.

The Dangote Group remains the largest single captive power producer in the country, generating about 1,500MW to support its industrial operations.

Energy analysts warn that the steady migration of large consumers away from the grid further weakens the financial viability of the electricity market, as DisCos lose high-paying customers while being left to serve mostly residential users with limited ability to pay.

FG pushes power woes to states

Apparently overwhelmed by the country’s power woes, the Federal Government pushed the challenge to the 36 states, asking them to take over power generation, transmission, and distribution.

Adelabu said this was the only solution to the power crisis in the country. He declared that the Federal Government was aware that power centralisation could never work for Nigeria, and that was why President Tinubu’s administration signed the Electricity Act in 2023.

“A country as big as Nigeria, with almost a million square kilometres of landmass, over 200 million people, millions of businesses, thousands of institutions, 36 states plus the Federal Capital Territory, and 774 local governments—centralisation cannot work for us. The responsibility of providing stable electricity can never be left in the hands of the Federal Government.

“At the centre, you cannot, from Abuja, guarantee stable power across the country. So this is one thing that the Act has achieved—decentralisation. That has now allowed all the states or the subnationals to play in all segments of the power sector value chain—generation, transmission, distribution, and even service industries supporting the power sector,” he stated.

Experts query govt’s readiness

In their various submissions, experts and stakeholders argued that the Federal Government was not ready for the task ahead.

The convener of PowerUp Nigeria, Adetayo Adegbemle, posited that Tinubu might have made the promises without understanding the enormity of the power woes.

“It is one thing for Tinubu’s administration to set such an ambitious target, albeit without fully understanding what the challenges are; it is another thing for them to recognise early what’s on the ground and plan to actually achieve it,” he remarked.

Adegbemle said he had earlier set an agenda for the current administration, but the minister was not doing enough.

“One of the things I did even before this administration was sworn in was to set a public agenda by writing and advising appropriately. One of them is that our present subsidy regime is not sustainable; gas suppliers are not being paid; Gencos are being owed, and there is no incentive for investments to come into the sector.

We’re getting there — Adelabu

Speaking through his media aide, Tunji, the power minister was optimistic about raising power generation capacity. Adelabu, who confirmed that 1,000MW had been added so far, blamed vandalism and insecurity for the ‘snail progress’. He, however, said the office of the National Security Adviser is nipping the challenges in the bud.

“When the administration came in, we had about 13,000MW. We have been able to add about 1,000MW, and that’s within two years. So, we will definitely do 15,000MW. “We are making progress. I won’t say there are insurmountable challenges. The usual one is vandalism, which is being tackled with the NSA office, and this has also reduced,” the minister stated.

Conclusion

For most Nigerians, the numbers offer little comfort. Households and businesses continue to endure long outages, with supply often too weak to power basic appliances. Generators remain essential for homes, small shops, hospitals, and schools. The gap between the 15GW target and the current reality is stark, and with only 1GW added so far, the country remains mired in darkness, waiting for the transformation that has yet to arrive.

As of late 2025, recent reports indicate ongoing fluctuations, with average generation dipping to around 3,000-5,500MW at times due to gas constraints, vandalism, and other issues, underscoring the persistent gap between ambitious promises and on-ground delivery. The administration highlights reforms like the Electricity Act 2023, metering initiatives, and peak achievements, but the daily experience for millions remains one of unreliable supply.
Politics1GW In 30 Months: Nigerians Battle Darkness As Tinubu’s Power Generation Promise by ogododo(op): 7:43am On Dec 30, 2025
When the Tinubu administration vowed to deliver 15,000 megawatts of power by the end of its first term, Nigerians dared to hope. Today, only a fraction of that promise — just over 1,000 megawatts — has been realised, leaving homes and businesses struggling in the dark.

Before President Bola Tinubu assumed office in May 2023, he promised a bold transformation for Nigeria’s electricity sector, pledging to deliver 15,000 megawatts of generation capacity within four years. Nearly 30 months later, the country’s grid added barely over 1GW, rising from 4,387.91MW in the second quarter of 2023 to 5,395.72MW towards the end of 2025. For Nigerians, the technical gain has done little to relieve the burden of daily power shortages.

“On electricity, I will embark on a renewed action-orientated focus and take immediate and urgent action on resolving existing challenges of power generation plants, gas purchasing, pricing, transmission, and distribution.

“My administration’s critical goal is to have 15,000MW distributable to all categories of consumers nationwide to ensure a 24/7 sustainable supply within the next four years,” he was quoted as saying in his manifesto.




In another gathering, Tinubu was emphatic to the extent of asking Nigerians to vote him out if he failed to deliver stable electricity in all homes, including prepaid meters.

“By all means necessary, you must have electricity, and you will not pay for estimated billing anymore. We will honour the promises we make. If I don’t keep the promise and I come back for a second term, don’t vote for me,” he said emphatically.

A country starved of power


For a country of over 200 million people, energy experts argue that Nigeria should be generating at least 30,000MW to meet basic residential, commercial, and industrial demand. Instead, the country struggles to generate and distribute about a third of its installed capacity of roughly 13,500MW.

According to Reuters, despite having the world’s seventh-largest gas reserves, Nigeria produces less than 10 per cent of the electricity generated by South Africa, a country with about one-third of Nigeria’s population.

More than 75 per cent of Nigeria’s electricity comes from gas-fired power plants located mainly in the South, while hydroelectric stations in the North account for most of the remainder. Solar power is gradually expanding, particularly in underserved rural areas through mini-grid deployments. However, the electricity deficit remains vast. The Managing Director of the Rural Electrification Agency, Abba Aliyu, has said that over 20 million Nigerian households still lack access to electricity. The huge gap is staggering, especially as generation companies suffer gas constraints due to unpaid debts.

The scale of Nigeria’s power challenge becomes starker in global comparison. JPMorgan Chase estimates that Alphabet, Amazon Web Services, Meta, and Microsoft consumed about 90 terawatt-hours of electricity in 2022—over 89.9TWh more than what Nigeria generated in the same year. This figure is about 2,500 times Nigeria’s average generation of roughly 37 gigawatt-hours in the same year.

Missed targets, fleeting records

In 2024, the Minister of Power, Adebayo Adelabu, promised that power generation would reach 6,000MW by December. The target was not met, with the government attributing the shortfall to vandalism, gas supply constraints, and grid collapses.

Speaking in May 2024, Adelabu announced that the country had crossed the 5,000MW mark for the first time in three years.


He added that the administration was confident of reaching 6,000MW before the end of the year, describing it as a historic milestone.

That milestone eventually came, but only momentarily. On March 2, 2025, Nigeria recorded a peak generation of 6,003MW. The Minister’s Special Adviser on Strategic Communication, Bolaji Tunji, described the achievement as the highest power generation figure ever recorded in the country.

Tunji said Nigeria also achieved a peak generation evacuation of 5,801.84MW and a daily maximum energy output of 128,370.75 megawatt-hours.

“On March 2, 2025, Nigeria achieved a record available power generation of 6,003 megawatts, the highest in the nation’s history.” he announced.

Unfortunately, the country could not sustain this ‘tiny’ feat, as power generation capacity has since fallen to below 5,500MW. The celebration was short-lived. Subsequent data from the Nigerian Independent System Operator and other agencies showed that generation has since hovered around 5,000MW.

According to various data from the Nigerian Electricity Regulatory Commission, in 2023/Q2, the grid consisted of 26 plants—18 gas, four hydro, two steam, and two gas/steam. Average available capacity was 4,387.91MW, but generation was lower than capacity, averaging 4,059.94MWh per hour and producing a total of 8,867.05GWh for the quarter. By the next quarter, 2023/Q3, available capacity fell to 4,211.44MW after extended outages at Ihovbor, Geregu NIPP, Afam IV&V, and Sapele. Average hourly generation dropped to 4,018.57MWh, and total quarterly generation fell to 8,776.55GWh.

A temporary rebound occurred in 2023/Q4, when available capacity rose to 4,922.26MW. 22 of the 27 grid-connected plants recorded higher capacity. Generation improved slightly, reflecting increased availability, though precise quarterly totals remained below expectations.


The first quarter of 2024 brought another decline, with capacity falling to 4,249.10MW as 17 plants saw reduced availability. Energy generation fell alongside, heavily affected by low output from Egbin ST (-142.19MWh), Rivers IPP (-105.60MWh), Olorunsogo NIPP (-53.32MWh), and Geregu (-41.49MWh). Omotosho NIPP did not generate in February due to gas unavailability.

In 2024/Q2, the grid expanded to 28 plants, with the Zungeru hydropower plant beginning to evacuate power in April. Average available capacity for the quarter reached 4,395.77MW, the rest of the grid had declined to 4,024.81MW. Total generation for the quarter stood at 8,776.55GWh, slightly above the previous quarter, but the improvement was largely muted because many plants still produced less than their rated capacity.

The effect of Zungeru’s addition was fully reflected in 2024/Q3, when available capacity jumped to 5,100.90MW. 19 plants reported higher capacity, and average hourly generation rose to 4,280.24MWh/h, producing a total of 9,450.76GWh for the quarter—a 7.68 per cent increase from the previous quarter.

NERC reports that in 2024/Q4, capacity increased slightly to 5,296.89MW, with 15 plants posting gains. However, generation fell marginally to 4,207.41MWh/h, translating to 9,289.95GWh for the quarter. The drop reflected a reduction in energy offtake by distribution companies and other grid-connected customers rather than plant failures.

The first quarter of 2025 saw further growth in capacity to 5,366.88MW. Average hourly generation rose sharply to 4,770.59MWh/h, producing a total of 10,304.47GWh. The increase came from both higher available capacity and increased consumption by DisCos and other grid users.

By 2025/Q2, capacity inched up to 5,395.72MW, but total generation fell to 4,501.06MWh/h on average, or 9,830.31GWh, as offtake by distribution companies declined. Currently, the data from Nigerian Independent System Operator shows that power generation still hovers around 5,000MW, meaning that over the 30-month period, the grid had gained only 1,007.81MW, a small fraction of the 15GW promised by the Tinubu administration.

TCN celebrates 5,801MW feat


Despite the modest increase in generation, the Transmission Company of Nigeria has repeatedly highlighted improvements in its transmission capacity, even as critics argue that there is insufficient power to transmit.

In March 2025, TCN announced that it had recorded a transmission peak of 5,801.84MW. The Managing Director of the company, Mr Sule Abdulaziz, disclosed this in his end-of-year message to staff, partners, and stakeholders, describing the feat as a historic milestone for Nigeria’s power sector.

According to Abdulaziz, the achievement occurred on March 4 and represented the highest peak electricity ever wheeled on the national grid.

“A highlight of our progress came on March 4, when TCN transmitted an all-time peak generation of 5,801.84MW nationwide. On the same day, a maximum daily energy of 128,370.75 megawatt-hours was delivered across the country—the highest ever recorded in Nigeria’s history,” he said.

He added that TCN’s wheeling capacity had increased significantly, rising to about 8,700MW, a development he said positioned the grid to evacuate more power as generation improves.

However, industry observers argue that the celebration masks a deeper problem. While TCN may have expanded its capacity to transmit electricity, the amount of power available to be wheeled remains far below that threshold. With generation still hovering around 5,000MW, large sections of the transmission infrastructure remain underutilised.

DisCos decry low power generation

Electricity distribution companies, which serve as the final link between the grid and consumers, have consistently blamed low generation and weak infrastructure for the sector’s persistent failures.

The Association of Nigerian Electricity Distributors recently decried Nigeria’s inability to leverage its vast gas resources to achieve meaningful improvements in power supply. In a document made available to our correspondent, the association expressed concern that Nigeria, with a population of over 200 million people, still grapples with generation levels of about 5,500MW.

The Chief Executive Officer of ANED, Sunday Oduntan, described the situation as both disappointing and unsustainable.

“It is sad that a country of about 237.5 million people and the sixth-largest oil-producing country in the world, with gas reserves that can last over 100 years, is still generating an average of 5,500MW,” he said.

Oduntan argued that, by global benchmarks, Nigeria should be generating at least 1,000MW per one million people. By that measure, he noted, Nigeria should be producing over 200,000MW to meet demand.

He contrasted Nigeria’s situation with South Africa, which he said generates an average of 52,000MW for a population of about 64.7 million people, with winter peak demand reaching 27,000MW.

Beyond generation, Oduntan also highlighted Nigeria’s failure to complete major power projects. He cited the 3,050MW Mambilla hydropower plant, awarded in 1982 at a cost of $5.8bn, noting that the project still lacks an official completion timeline.


He said Ethiopia began construction of Africa’s largest hydropower project—the 6,450MW Grand Ethiopian Renaissance Dam—in 2010 at a cost of $4.8bn and has since completed over 97 per cent of the project.


Speaking during a recent engagement with a Senate committee in Akwa Ibom State, the DisCos’ spokesperson warned that Nigeria’s development would remain stunted without reliable electricity.

Beyond generation shortfalls, access to electricity remains a major challenge. Oduntan disclosed that over 85 million Nigerians—about 43 per cent of the population—still lack access to grid electricity. He noted that although installed generation capacity stands at approximately 13,000MW, actual output often falls below 5,000MW due to persistent problems with gas supply, equipment maintenance, transmission bottlenecks, and distribution losses.

These weaknesses, he said, are compounded by funding constraints and regulatory gaps that discourage new investments and undermine service delivery.

10,000MW locked up in idle plants

Ironically, Nigeria’s electricity crisis is not solely a problem of insufficient generation. According to the Minister of Power, more than 10,000MW of generation capacity remains stranded across the country due to transmission and distribution constraints.

Speaking at the Nigeria Energy Conference in Lagos, Adelabu described the situation as a monumental waste of resources, noting that plants capable of supplying electricity to homes and industries are left idle while millions live in darkness. He said the country’s immediate problem was not generation but the inability to transmit and distribute the energy already available, even when the TCN claimed it has 8,700MW wheeling capacity.


https://punchng.com/1gw-in-30-months-nigerians-battle-darkness-as-tinubus-power-generation-promises-falter/
PoliticsKebbi Police Confirm 8 Killed In Shanga Attacks, Launch Manhunt by ogododo(op): 10:40pm On Dec 29, 2025
The Kebbi State Police Command has confirmed that no fewer than eight persons were killed following coordinated attacks by gunmen on Kaiwa, Gelawu, and Gebbe villages in Shanga Local Government Area of the state.

The attacks, which occurred without warning, reportedly triggered widespread panic and forced many residents to flee to neighbouring communities and nearby bushes for safety.

Confirming the incident to our correspondent the spokesperson of the Kebbi State Police Command, SP Bashir Usman, said seven people died during the attacks, while another victim later succumbed to injuries while receiving treatment.

He added that one injured person is currently responding to medical care.

According to Usman, security agencies have launched coordinated operations across the affected areas, with intensified patrols and surveillance aimed at preventing further attacks.

“Security agencies have sustained coordinated operations within the affected areas, while intensified patrols and surveillance are ongoing to forestall further breaches,” he said, noting that additional details could not be disclosed as the operation is still ongoing.

Residents described the attacks as devastating, saying the communities had not experienced such violence in many years.

“The entire area is in shock. People are afraid to return home,” a resident said.

Security operatives have since been deployed to the affected villages to restore calm, while residents have appealed to the state government to strengthen security in the area.
https://www.vanguardngr.com/2025/12/kebbi-police-confirm-8-killed-in-shanga-attacks-launch-manhunt/

PoliticsRe: Coming From A Liar — Nigerians Knock Wike Over ‘’the Kind Of Money Governors Hav by ogododo(op): 4:02pm On Dec 29, 2025
Nawa Nlfpmod, Wike dey behave sey, Christmas never end.
PoliticsComing From A Liar — Nigerians Knock Wike Over ‘’the Kind Of Money Governors Hav by ogododo(op): 1:19pm On Dec 29, 2025
Coming From a Liar — Nigerians Knock Wike Over ‘’The Kind of Money Governors Have Now, I Never Saw It’ Comment

Nyesom Wike, Bola Tinubu’s Minister of the Federal Capital Territory, is facing backlash from Nigerians over his comment about governors having a lot of money now, which he said he never saw.

The criticism comes after Wike made the remark on Monday during his end-of -the-year media chat.

‘’Money can make you not see well, the kind of money governors have now, we never saw it. This is why most of them make mistakes, they think everything is about money. Money has its own limitations; there are areas money can’t reach, but goodwill can’’

Wike’s comments were not specifically directed at any governor, however, there are augments that the former Rivers Governor could be referring to his former ally, Oyo State governor, Seyi Makinde following their recent impasse.

Some also argue that the former River governor could be referring to his successor, Siminalayi Fubara, whom he recently criticised for publicly stating that he met about N600 billion in state coffers after the lifting of emergency rule.

In the video shared on X and sighted by Parallel Facts news where Wike made the claims, a cross section of Nigerians slammed the FCT minister for lying, saying his comments represent nothing but deception.
https://parallelfactsnews.com/nigerians-knock-wike-over-the-kind-of-money/

PoliticsFG Writes Off $1.42bn, N5.57tn NNPC Debt by ogododo(op): 8:25am On Dec 29, 2025
President Bola Tinubu has approved the cancellation of a substantial portion of the debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, wiping off about $1.42bn and N5.57tn after a reconciliation of records between both parties.

This is contained in a document prepared by the Nigerian Upstream Petroleum Regulatory Commission and presented at the November meeting of the Federation Account Allocation Committee.

The report, titled “Report of October 2025 Revenue Collection Presented at the Federation Account Allocation Committee Meeting Held on 18th November 2025,” was obtained by The PUNCH on Sunday.

In the section headed “Recovery from NNPC Ltd Outstanding Obligations,” the commission said the debts earlier reported at the October 2025 FAAC meeting stood at “$1,480,610,652.58 and N6,332,884,316,237.13 for PSC, DSDP, RA & MCA Liftings and JV & PSC Royalty Receivables respectively.”

It disclosed that the Presidency had now approved that most of those balances be removed from the Federation’s books.

The document stated, “However, the commission recently received a Presidential Approval to nil off the outstanding obligations of NNPC Ltd as at 31st December 2024 as submitted by the Stakeholder Alignment Committee on the Reconciliation of Indebtedness between NNPC Ltd and the Federation.”

Providing a breakdown of the affected balances, the NUPRC added, “Consequently, out of $1,480,610,652.58 and N6,332,884,316,237.13, the affected outstanding obligations that have been nil off are $1,421,727,723.00 N5,573,895,769,388.45. The commission has passed the appropriate accounting entries as approved.”

An analysis of the figures shows that the presidential directive wiped out about 96 per cent of the dollar-denominated debt and about 88 per cent of the naira-denominated obligations previously reported as outstanding.

The document indicates that the approval followed the recommendations of the Stakeholder Alignment Committee on the Reconciliation of Indebtedness between NNPC Ltd and the Federation, which reviewed the company’s royalty and lifting-related liabilities up to December 31, 2024.

Despite the cancellation of the legacy balances, fresh debts built up in 2025 remain. In a separate section titled “NNPC Ltd Outstanding Obligations,” the regulator disclosed that statutory obligations arising between January and October 2025 still stood at “$56,808,752.32 and N1,021,550,672,578.87 for PSC & MCA Liftings and JV Royalty Receivables respectively.”

The commission added that part of the dollar component was recovered in the month under review, stating: “However, the commission received $55,003,997.00 in the month under review from the outstanding, leaving a balance of $1,804,755.32 and N1,021,550,672,578.87. The amount of $55,003,997.00 received is part of the total collection reported above for sharing by the Federation this month.”

The NUPRC confirmed that it had already implemented the directive in the Federation Account, noting that “the Commission has passed the appropriate accounting entries as approved.”

The approval effectively resolves long-running disputes over NNPC’s legacy indebtedness to the Federation, while current liabilities from ongoing operations continue to be tracked for future recovery.

However, the debt cancellation comes at a time when the commission is struggling to meet its revenue projections for the year, The PUNCH learnt. Data from the NUPRC document seen by The PUNCH showed that against a 2025 approved monthly revenue target of N1.204tn, the commission recorded N660.04bn as actual collection for November 2025, leaving a shortfall of N544.76bn for the month.

Royalty payments on oil and gas, which account for the bulk of upstream revenues, fell sharply below target. The approved monthly royalty projection was N1.144tn, compared to N605.26bn actually collected in November, indicating a deficit of N538.92bn.

Cumulatively, as of November 30, 2025, the NUPRC’s total approved revenue stood at N13.25tn, while actual cumulative collections were N7.60tn, representing a revenue gap of N5.65tn. For royalties alone, cumulative approved collections stood at N12.59tn against N6.96tn actually received, leaving a shortfall of N5.63tn.

The document further showed a drop in revenue collections compared to the previous month. While N873.10bn was collected in October 2025, the figure declined to N660.04bn in November.

The PUNCH earlier reported that there was a clash between the Nigerian National Petroleum Company Limited and Periscope Consulting, the audit firm hired by the Nigeria Governors’ Forum to examine an alleged under remittance of oil revenue totalling $42.37bn (about N12.91tn) to the Federation Account between 2011 and 2017.

The dispute, revived by fresh submissions from both sides, forced the Federation Account Allocation Committee to mandate a joint reconciliation session to determine the true state of remittances and resolve the long-running impasse.

According to a document seen by The PUNCH, the FAAC Sub-Committee confirmed that NNPC had formally rejected the audit findings, insisting that no outstanding revenue is owed to the Federation Account for the period under review.

The national oil company maintained that all crude oil proceeds and associated earnings were fully accounted for, disputing Periscope’s claims of significant underpayment.

However, Periscope Consulting flatly disagreed with NNPC Limited’s defence, maintaining that its audit uncovered substantial gaps in remittances and that the alleged $42.37bn shortfall remained unresolved.

The report read, “NNPC Limited submitted their response regarding $42,373,896,555.00 under remittance to the Federation Account as contained in the report of Periscope Consulting. Recall that Periscope Consulting was the Consultant engaged by the Governors’ Forum to examine NNPC Limited under remittance to the Federation Account.

“NNPC Limited responded that all revenues due to the Federation have been properly accounted for and no outstanding amounts for the period under review.”

This disagreement has pushed both sides into a stalemate, with the consultants accusing the oil company of providing explanations that do not reconcile with the audited data.

The FAAC sub-committee, noting the conflicting positions, directed that NNPC Ltd and Periscope Consulting must meet jointly to harmonise records and “close out” the matter. It added that the reconciliation process remains ongoing.

“Responding, Periscope Consulting disagreed with NNPC Ltd’s position; hence, the Sub-Committee directed that there should be a joint meeting with the two parties to close out on the issue. This assignment is a work in progress,” it added.

Speaking earlier with The PUNCH, a renowned Prof Emeritus of Petroleum Economics, Wumi Iledare, said the alleged $42.37bn under-remittance recorded between 2011 and 2017 reflects long-standing flaws in Nigeria’s pre–Petroleum Industry Act regime.

According to him, the former Nigerian National Petroleum Corporation operated with overlapping roles that made revenue reconciliation cumbersome and frequently disputed. Iledare described the controversy as a “legacy problem,” stressing that similar discrepancies can be avoided only through disciplined implementation of the PIA, real-time monitoring, and continuous independent audits.

The World Bank earlier accused NNPCL of failing to fully remit oil revenues to the Federation Account, thereby undermining fiscal transparency and macroeconomic stability.

The bank noted that while the company was corporatised in 2021 to operate as a commercial entity, it still retains monopolistic control over crude oil sales and foreign exchange inflows, leading to persistent gaps between reported earnings and actual remittances.

“NNPC Ltd has remained a key source of revenue leakages,” the World Bank stated, urging the government to “strengthen oversight, ensure full disclosure of oil proceeds, and improve transparency in federation revenue management.”

The institution said the state-owned company has only been remitting 50 per cent of revenue gains from the removal of the Premium Motor Spirit subsidy to the Federation Account.

It said out of the N1.1tn revenue from crude sales and other income in 2024, the NNPC Ltd only remitted N600bn, leaving a deficit of N500bn unaccounted for.

“Despite the subsidy being fully removed in October 2024, NNPC Ltd started transferring the revenue gains to the Federation only in January 2025. Since then, it has been remitting only 50 per cent of these gains, using the rest to offset past arrears,” the World Bank stated.

Since assuming office, the NNPC Ltd Group Chief Executive Officer, Bayo Ojulari, has consistently pledged to entrench transparency, efficiency, and accountability in the company’s operations.

He has repeatedly assured Nigerians and the global investment community that the company’s books would be transparent and that its dealings with the Federation Account would be fully compliant with fiscal rules.
https://punchng.com/fg-writes-off-1-42bn-n5-57tn-nnpc-debt/

PoliticsRe: Kano Assembly Bye-election: NNPP Nominates Children Of Deceased Lawmakers by ogododo: 10:15pm On Dec 28, 2025
Nawa oo, na only family inheritance be poetics now.
PoliticsNigeria Governed By Sick People’: Sowore Alleges Tinubu, Akpabio Are Unwell by ogododo(op): 10:07pm On Dec 28, 2025
Human rights activist and former presidential candidate, Omoyele Sowore, has alleged that President Bola Ahmed Tinubu is unwell and was hurriedly flown out of Nigeria to Europe for medical reasons.

In a post on his X (formerly Twitter) account on Sunday, Sowore stated that Tinubu’s health condition necessitated the trip, arguing that the president was merely “managing himself” before his sudden departure.

Sowore also raised concerns about the health of Senate President Godswill Akpabio, alleging that he is gravely ill, and questioned why the country continues to be governed by leaders battling serious health challenges.

Nigeria’s Bola Ahmed Tinubu is unwell just managing himself, reason he’s abruptly flown to “Europe” today @Senator_Akpabio is practically dying, why is Nigeria governed by sick people?” Sowore wrote.

While stressing that illness itself is not a crime, the activist criticised what he described as the practice of using Nigeria as “health insurance” for leaders who seek medical care abroad.

And whereas nothing is wrong with illnesses it is callous to use a country as health insurance for sick leaders,” he added.

Earlier on Sunday, SaharaReporters reported that President Tinubu had departed Lagos for a trip to Europe.

A statement issued by Bayo Onanuga, Special Adviser to the President on Information & Strategy on Sunday, described the trip as continuation of “his end-of-year break and ahead of his official trip to Abu Dhabi, in the United Arab Emirates”.

While the President’s specific European destination was officially withheld, SaharaReporters has repeatedly reported that his previous trips to Paris were, in reality, disguised medical visits.

“His Highness Sheikh Mohamed bin Zayed AlNahyan, President of the United Arab Emirates, has invited President Tinubu to participate in the 2026 edition of Abu Dhabi Sustainability Week (ADSW 2026) Summit, which will take place in the emirate early in January,” the statement said.

“The weeklong summit is an annual event that mobilises leaders from government, business, and society to chart the next era of sustainable development.

“With the theme ‘The Nexus of Next: All Systems Go’, ADSW will connect ambition with action across innovation, finance, and people, showcasing how the world can move forward with confidence.”

According to the statement, the President will return to the country after the Summit.

A recent video from Ibadan, the capital of Oyo State, showed Senate President Akpabio appearing weak as he exited a vehicle, fueling speculation about his health.

Earlier reports claimed he was flown abroad for treatment, but Akpabio later denied being ill, insisting he only took a brief vacation in London after official duties in Geneva.

Upon arrival, he was welcomed by senators, aides, and supporters at the presidential wing in Abuja, where he expressed excitement to be back.

In interviews, Akpabio emphasized that he was healthy and actively engaged in legislative duties, denying the illness reports.
https://saharareporters.com/2025/12/28/nigeria-governed-sick-people-sowore-alleges-tinubu-akpabio-are-unwell-says-president

PoliticsRe: Tinubu Departs Lagos For Europe by ogododo(op): 4:53pm On Dec 28, 2025
Nawa Nlfpmod, dem wan go recharge.
PoliticsTinubu Departs Lagos For Europe by ogododo(op): 4:24pm On Dec 28, 2025
Tinubu departs Lagos for Europe

PRESIDENT Bola Tinubu departed Lagos on Sunday, December 28, for Europe, continuing his end-of-year break and ahead of his official trip to Abu Dhabi, in the United Arab Emirates.

A statement issued by the presidential spokesman, Bayo Onanuga, explained that His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, invited President Tinubu to participate in the 2026 edition of Abu Dhabi Sustainability Week (ADSW 2026) Summit, which will take place in the emirate early in January.


https://x.com/i/status/2005296275525165366
Christianity EtcHappy Last Sunday Of Year 2025 by ogododo(op): 8:14am On Dec 28, 2025
Happy Last Sunday of Year 2025.
I no dey do dis, but he no easy for God to see us thru. Ogbonge Hallelujah.
PoliticsRe: N’assembly To Work With Relevant Mdas To Re-gazette Tax Laws by ogododo(op): 9:34am On Dec 27, 2025
How Naija come be like dis?
PoliticsWhen A Tax Law Is An Illegality - Farooq Kperogi by ogododo(op): 8:56am On Dec 27, 2025
What began as a routine legislative reform of the Nigerian tax system by the Bola Tinubu administration has transmogrified and metastasized into an allegation of unexampled transmutation of a duly passed law to an illegality.

It’s by now well known that a law passed by the National Assembly and assented to by the president may have been materially altered after assent and then presented to the public as binding law. If this allegation is established beyond all shadows of doubt, Nigeria would be confronting the specter of an illegality fraudulently constituted as law.

Interestingly, the discovery wasn’t brought to public notice by secretive, conscientious whistleblowers in the bureaucracy or from eagle-eyed civil society audits. It came from within the legislature itself.

A member of the House of Representatives, Abdulsammad Dasuki, raised a point of privilege after personally comparing the harmonized bill passed by both chambers with the version of the tax laws published in the official gazette. He found that the documents did not match.

His discovery was the product of days of rigorous, studious and painstaking examination of Votes and Proceedings, committee harmonization records and the gazetted text. He realized that he voted for one thing, but the country was being governed by another.

That intervention sparked a chain reaction. Other lawmakers requested certified true copies of the assented bill to verify whether the president had signed the same text that was now in circulation. According to multiple reports, those requests were denied. The refusal to release certified copies deepened suspicion and transformed what could have been dismissed as a clerical misunderstanding into a full-blown institutional crisis.

When legislators are blocked from seeing the law that they passed and that the president signed, the issue verges on criminal constitutional transgression that must not be swept under the carpet.

While full official disclosure is still pending, several discrepancies have been repeatedly cited by lawmakers, journalists and civil society groups. These include expansions of the discretionary powers of tax authorities beyond what the National Assembly approved, alterations to reporting and oversight obligations, changes in enforcement thresholds, and adjustments that potentially increase executive control over revenue administration.

These are not innocent, unintentional clerical slips. They go to the meaning, scope and intent of the law. In short, they change who has power to tax Nigerians, how that power is exercised and to whom it is accountable.

The distinction matters. All legislative systems experience clerical errors. A misplaced word or a misnumbered section does not invalidate a statute. But when alterations confer new powers, remove safeguards, or shift institutional balance, they cross from error into illegality.

A gazette cannot lawfully create what the legislature did not enact or what the president did not assent to. Publication is supposed to merely provide evidence of the existence of the law. It can invent a law that hasn’t been passed.

The official responses so far have been evasive and contradictory. Government representatives initially insisted that there was only one authentic version of the law and that claims of alteration were partisan, ill-natured rumors. But that posture is difficult to reconcile with subsequent developments.

For example, a December 26, 2025, press statement signed by Akin Rotimi, House Spokesman and Chairman of the House Committee on Media and Public Affairs, said the National Assembly has now constituted an ad hoc committee to investigate the sequence of events from harmonization to assent to gazetting.

More tellingly, Rotimi said, the leadership of the legislature has directed that the tax laws be re-gazetted and that certified true copies of the versions duly passed by both chambers be issued.

Re-gazetting is not a neutral act. It is an implicit admission that the existing gazette cannot be confidently treated as an accurate record of legislative intent. If nothing were amiss, there would be nothing to authenticate. The attempt to frame this as a routine administrative clarification rings hollow. Laws are not re-gazetted in the absence of doubt about their authenticity.

Supporters of the government have urged the public to trust the president’s integrity and to avoid speculation. The issue, however, is not whether the president is personally trustworthy but whether the law now being enforced is the law he signed. No amount of rhetorical reassurance can substitute for producing the signed text and allowing a side-by-side comparison with the gazetted version.

There is no precedent in the world that I have found for this kind of illegality. In the United States, the much-cited Deficit Reduction Act controversy of 2006 involved a discrepancy between House and Senate versions due to a clerical transmission error. The president signed the enrolled bill that was presented to him.

Courts upheld it under the enrolled bill doctrine, which treats the signed text as conclusive. Crucially, there was no claim that the law was altered after presidential assent.

In the Philippines, in 1964, there was a case where the wrong version of a bill was signed by the president. Legislative leaders later disowned the enrolled copy and treated the signature as invalid. Again, the error occurred before or at assent, not after. Once discovered, it was confronted as a mistake. It wasn’t normalized.

Nigeria’s case, if the allegations are borne out, is more disturbing. Here, the claim is that the president signed the correct bill but that the authoritative law published afterward materially departs from it.

Comparative constitutional practice offers no comfort here. Stable legal systems do not recognize post-assent textual mutation as valid law. Where gazetting errors occur, they are corrected. They do not become the basis for enforcement.

This raises an unavoidable question: why would anyone alter a law after it has been passed and signed? Motives can only be inferred from circumstantial evidence, but the inferences are troubling.

Expanding the powers of tax authorities in a period of fiscal stress creates incentives for bureaucratic overreach. Removing or weakening legislative-oversight provisions reduces accountability. Centralizing discretion in the executive arm simplifies revenue extraction while insulating decision makers from scrutiny. These are not abstract possibilities. They align closely with the specific alterations that have been alleged.

There is an even more unsettling implication. If a major tax reform law can be altered after assent without immediate detection, what confidence can citizens have in the integrity of other statutes? Nigeria has passed hundreds of laws over the years, many of them technical, complex and rarely scrutinized line by line after gazetting. The discovery of this discrepancy raises the chilling possibility that post-assent alterations may not be unprecedented in practice.

That possibility should alarm every Nigerian regardless of political affiliation. Law is the foundation of collective life. If the text of the law is unstable, if it can be surreptitiously modified after constitutional procedures have been completed, then legality itself becomes provisional. Governance slides from rule of law to rule by document manipulation.

The seriousness of this violation cannot be overstated. If officials altered the tax law knowingly, they did not merely breach administrative rules. They subverted the Constitution. Such conduct would amount to forgery, abuse of office and an assault on democratic sovereignty. It would mean that Nigerians are being taxed under provisions that were never lawfully enacted.

This is why a thorough, transparent investigation is not optional. It must establish a clear documentary chain: the harmonized bill passed by both chambers, the exact text transmitted for assent, the document signed by the president and the version published in the gazette. Any divergence must be accounted for, step by step, with named responsibility. Institutional reviews that end in vague recommendations will not suffice.

If culpability is established, punishment must be severe. Anything less would invite repetition. As I always say, there is no greater enabler of habitual relapses into the same crime than the absence of consequences for committing the crimes.

The alteration of law after assent is not a victimless bureaucratic shortcut. It is a constitutional crime with nationwide consequences. Deterrence requires more than quiet corrections. It requires accountability that is visible, proportionate and unmistakable.

This episode can either be buried under procedural language and political loyalty, or it can become a moment of constitutional self-correction. A tax law that is an illegality cannot be the foundation of fiscal reform. The integrity of the lawmaking process is itself a public good. Without it, no reform, however well intentioned, can claim legitimacy.
https://www.farooqkperogi.com/2025/12/when-tax-law-is-illegality.html?m=1

PoliticsRe: N’assembly To Work With Relevant Mdas To Re-gazette Tax Laws by ogododo(op): 7:55pm On Dec 26, 2025
Na jail most NASS supposed do new year.
PoliticsRe: N’assembly To Work With Relevant Mdas To Re-gazette Tax Laws by ogododo(op): 4:23pm On Dec 26, 2025
Na impeachment be dis now.
PoliticsRe: N’assembly To Work With Relevant Mdas To Re-gazette Tax Laws by ogododo(op): 2:42pm On Dec 26, 2025
Nawa Nlfpmod, naso dem forged this bill.
PoliticsN’assembly To Work With Relevant Mdas To Re-gazette Tax Laws by ogododo(op): 2:29pm On Dec 26, 2025
The leadership of the senate and house of representatives has directed Kamoru Ogunlana, clerk to the national assembly, to work with relevant agencies in the executive branch in a bid to re-gazette the tax laws.

Abdussamad Dasuki, member of the lower legislative chamber, had alleged that there are differences between the tax reform laws passed by parliament and the gazetted copy available to the public.

The alleged alteration sparked public outrage, with some Nigerians calling for a suspension of the implementation of the laws.

The reformed tax law implementation has been scheduled to begin in January.

The tax laws are Nigeria Tax Act, 2025; the Nigeria Tax Administration Act, 2025; the Joint Revenue Board of Nigeria (Establishment) Act, 2025; and the Nigeria Revenue Service (Establishment) Act, 2025.

In a statement, Akin Rotimi, spokesperson of the house of representatives, said the national assembly asked the clerk to also issue certified true copies of the versions passed by both chambers.

A gazette is an official government publication that formally publishes laws and other legal notices after they have been approved by the legislature and signed into law by the president.

The gazette serves as an authoritative public record and is relied on by government agencies, courts and the general public as evidence of the law in force.

He said the national assembly is “undertaking an institutional review to establish the sequence of events and to identify any factors that may have contributed to the circumstances surrounding the legislative and administrative handling of the Acts”.

“This includes a careful examination of any lapses, irregularities, or external interferences, should any be established,” the statement reads.

“The review is being conducted in full conformity with the Constitution of the Federal Republic of Nigeria, the Acts Authentication Act, Cap. A4, Laws of the Federation of Nigeria, the Standing Orders of both Chambers, and established parliamentary practice.

“In the course of this review, and in the interest of clarity, accuracy, and the integrity of the legislative record, the leadership of the National Assembly, under the President of the Senate, Distinguished Senator Godswill Obot Akpabio, GCON, and the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, PhD, GCON, has directed the Clerk to the National Assembly to re-gazette the Acts and issue Certified True Copies of the versions duly passed by both Chambers of the National Assembly.

“This administrative step is intended solely to authenticate and accurately reflect the legislative decisions of the National Assembly.

“This review is strictly confined to institutional processes and procedures. It does not constitute, imply, or concede any defect in the exercise of legislative authority by the House of Representatives or the Senate.

“It is undertaken without prejudice to the powers, functions, or actions of any other arm or agency of government, and without prejudice to any rights, obligations, or legal processes arising under the Constitution or any other applicable law.

“Members of the public are respectfully urged to allow the National Assembly’s institutional processes to proceed without speculation or conjecture.

“The leadership of the House of Representatives remains committed to transparency, accountability, and the faithful discharge of its constitutional responsibility as custodian of the legislative authority of the Federal Republic of Nigeria.”
https://www.thecable.ng/breaking-national-assembly-to-re-gazette-tax-laws-over-alleged-alteration/#google_vignette

PoliticsThank You President Trump For This Christmas Gift — Nigerians Rejoice by ogododo(op): 9:25am On Dec 26, 2025
Nigerians are celebrating after United States President, Donald Trump announced a strike on ISIS terrorists in North West Nigeria on Christmas Day.
Recall that Parallel reports that Trump had late on Thursday wrote on his social media platform Truth Social that The U.S. launched strikes on ISIS targets in Nigeria.

“Tonight, at my direction as Commander in Chief, the United States launched a powerful and deadly strike against ISIS Terrorist Scum in Northwest Nigeria, who have been targeting and viciously killing, primarily, innocent Christians, at levels not seen for many years, and even Centuries!”


Bola Tinubu and Donald Trump. Credit: CTV
“I have previously warned these Terrorists that if they did not stop the slaughtering of Christians, there would be hell to pay, and tonight, there was.”


Trump did not provide further details on the strikes, such as how many people were killed, who or what was specifically targeted, and how many strikes were carried out, other than to say they were “numerous perfect strikes.

Reacting to the development on X, Some Nigerians described the move as a step towards combating terrorism.

A user, @OluchiPres13836 wrote on X “Strong leadership matters. This shows President Trump’s zero-tolerance stance on terrorism and Nigeria’s resolve to protect its sovereignty. Terrorists lose, lawful nations win—and Nigeria stands to benefit from restored security and stability.”

READ ALSO: Trump Launches Christmas Night Airstrikes On ISIS ‘Terrorist Scum’ In Nigeria After Killings Of Christians

Also another user, @jones_emmanuel ‘’An airstrike happened in Nigeria without the knowledge of the propaganda government. #Tactical’’

@opirus_oritz also wrote, ‘’When baba was quick to invade Benin was the day he exposed how weak he was. Let’s pray Israel doesn’t even start.






https://parallelfactsnews.com/president-trump-christmas-gift-nigerians/

European Football (EPL, UEFA, La Liga)Liverpool Vs Wolverhampton Wanderers (2 - 1) On 27th December 2025 by ogododo(op): 8:47am On Dec 26, 2025
Liverpool vs Wolverhampton 27/12/2025 4:00pm. KO
PoliticsRe: Chief Of Staff Gbajabiamila Not Replaced By Muri-Okunola - Presidency by ogododo(op): 6:31pm On Dec 25, 2025
Merry Christmas, no smoke without fire.
PoliticsChief Of Staff Gbajabiamila Not Replaced By Muri-Okunola - Presidency by ogododo(op): 6:05pm On Dec 25, 2025
CHIEF OF STAFF GBAJABIAMILA NOT REPLACED BY MURI-OKUNOLA

The Presidency has dismissed reports that the Chief of Staff to the President has been replaced.
In a statement issued by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, the Presidency described as false and misleading claims circulating on social media that President Bola Ahmed Tinubu had replaced his Chief of Staff, Hon. Femi Gbajabiamila, with his Principal Private Secretary, Hakeem Muri-Okunola.


There is absolutely no truth to this story. We advise Nigerians to disregard it entirely.

The Chief of Staff remains in his position. The Principal Private Secretary likewise remains in his role. Hakeem Muri-Okunola has not replaced Femi Gbajabiamila as Chief of Staff.

The viral claim is a fabrication by mischievous purveyors of fake news whose sole aim is to create disharmony within the government.


We reiterate that news media should always verify their information before publishing or sharing on social media.
source

PoliticsRe: Power Outage Temporary, Supply To Return In 48 Hours – Adelabu by ogododo: 7:17am On Dec 24, 2025
Until heat kpai us, which kind talk be dis.
PoliticsTax Reform Acts Controversies Cast Doubt On The Sanctity Of Nigeria’s Lawmaking by ogododo(op): 10:40am On Dec 23, 2025
TAX REFORM ACTS CONTROVERSIES CAST DOUBT ON THE SANCTITY OF NIGERIA’S LAWMAKING PROCESS

The controversies that have emerged in relation to the recently enacted Tax Reform Acts raise grave concerns about the integrity, transparency, and credibility of Nigeria’s legislative process. These developments strike at the very heart of constitutional governance and call into question the procedural sanctity that must attend lawmaking in a democratic society.

The Nigerian Bar Association considers it imperative that a comprehensive, open, and transparent investigation be conducted to clarify the circumstances surrounding the enactment of the laws and to restore public confidence in the legislative process. Until these issues are fully examined and resolved, all plans for the implementation of the Tax Reform Acts should be immediately suspended.

Legal and policy uncertainty of this magnitude has far-reaching consequences. It unsettles the business environment, erodes investor confidence, and creates unpredictability for individuals, businesses, and institutions required to comply with the law. Such uncertainty is inimical to economic stability and should have no place in a system governed by the rule of law.

Nigeria’s constitutional democracy demands that laws, especially those with profound economic and social implications, emerge from processes that are transparent, accountable, and beyond reproach. Anything short of this undermines public trust and weakens the foundation upon which lawful governance rests.

We therefore call on all relevant authorities to act swiftly and responsibly in addressing this controversy, in the overriding interest of constitutional order, economic stability, and the preservation of the rule of law.

Mazi Afam Osigwe, SAN
President, Nigerian Bar Association

https://x.com/i/status/2003381878301061460

PoliticsNigeria Set To Borrow N54.7trillion In Three Years by ogododo(op): 3:05pm On Dec 22, 2025
This means that a cumulative sum of N54.7 trillion is planned as new borrowings in 2026, 2027, and 2028.

Areview of the recently approved Medium Term Expenditure Framework (MTEF) of the Nigerian government for the 2026–2028 period by SaharaReporters shows that a total of N54.7 trillion is projected to be borrowed across the three fiscal years.

This means that a cumulative sum of N54.7 trillion is planned as new borrowings in 2026, 2027, and 2028.

According to the MTEF document, new borrowings for 2026 are estimated at N17.8 trillion. Borrowings for 2027 are projected at N21.1 trillion, while N15.8 trillion is planned for 2028.

A breakdown of the figures shows that in 2026, domestic borrowings are expected to amount to N14.3 trillion, while international borrowings are estimated at N3.5 trillion.

In 2027, domestic borrowings are projected to rise to N16.9 trillion, with international borrowings planned at N4.2 trillion.

Further review indicates that in 2028, domestic borrowings are estimated at N12.6 trillion, while international borrowings are expected to total N3.1 trillion.

A previous review of Debt Management Office (DMO) data by SaharaReporters showed that Nigeria’s public debt rose to N149.3 trillion as of March 31, 2025.

This represents an increase from the N144.6 trillion recorded as of December 2024.

According to the data, domestic debt increased by N4.4 trillion between December 2024 and March 2025, rising from N74.3 trillion in December 2024 to N78.7 trillion as of March 2025.

Meanwhile, external debt grew by N350 billion, increasing from N70.28 trillion in December 2024 to N70.63 trillion as of March 2025.

Nigeria’s debt profile has continued on an upward trajectory. While total public debt stood at N144 trillion in December 2024, it had earlier been recorded at N142 trillion as of September 2024.

During that same period, external debt amounted to N68.8 trillion, while domestic debt stood at N73.4 trillion.

The data also showed that as of September 2024, the federal government alone owed N69.2 trillion in domestic debt, while states and the Federal Capital Territory accounted for N4.2 trillion.

These figures suggest that Nigeria has continued to rely heavily on domestic sources to finance its loan portfolio.

The published total debt profile is also significantly higher than the N134.2 trillion Nigeria owed as of June 2024.

As of June 2024, total external debt stood at N63 trillion, while domestic debt amounted to N71.2 trillion.

Out of this total, the federal government’s domestic debt was N66.9 trillion, while state governments accounted for N4.2 trillion.
https://saharareporters.com/2025/12/22/nigeria-set-borrow-n547trillion-three-years

European Football (EPL, UEFA, La Liga)Liverpool Vs Leeds At (0 - 0) On 1st January 2026 by ogododo(op): 11:32am On Dec 22, 2025
Liverpool vs Leeds 01/01/2026 18:30pm.
PoliticsPresidency Clarifies Controversy Over Alleged Discrepancies In Tax Laws by ogododo(op): 9:37am On Dec 22, 2025
The presidency on Monday weighed in on the controversy trailing the new tax laws scheduled to take effect on January 1 in the country.

This comes as former Vice President Atiku Abubakar, the 2023 presidential candidate of the Labour Party, Peter Obi, and several civil society organisations called for the suspension of the implementation of the laws.

A member of the House of Representatives, Abdulsamad Dasuki, recently raised concerns about what he described as discrepancies between tax laws passed by the National Assembly and the versions subsequently gazetted and made available to the public.

Dasuku argued that his legislative rights had been breached because the content of the gazetted tax laws did not reflect what lawmakers debated and approved on the floor of the House.

But speaking on Channels Television’s Morning Brief, the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, said what has been circulating in the media was fake.

“Before you can say there is a difference between what was gazette and what was passed, we have what has not been gazette. We don’t have what was passed,” he said.

“The official harmonised bills certified by the clerk, which the National Assembly sent to the President, we don’t have a copy to compare. Only the lawmakers can say authoritatively what we sent.

“It should be the House of Representatives or Senate version. It should be the harmonised version certified by the clerk. Even me, I cannot say that I have it. I only have what was presented to Mr President to sign.”

Oyedele stated that he reached out to the House of Representatives Committee regarding a particular Section 41 (cool, which states, “You have to pay a deposit of 20 per cent.”

He noted that the response given by the committee was that its members had not met on the issue.

“I know that particular provision is not in the final gazette, but it was in the draft gazette. Some people decided that they should write the report of the committee before the committee had met, and it had circulated everywhere.

“What is out there in the media did not come from the committee set up by the House of Representatives. I think we should allow them do the investigation,” Oyedele added.

President Bola Tinubu signed the four tax reform bills into law, marking what the government has described as the most significant overhaul of the country’s tax system in decades.

The tax reform laws, which faced stiff opposition from federal lawmakers from the northern part of the country before their passage, are scheduled to take effect on January 1, 2026.

The laws include the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act, and the Joint Revenue Board (Establishment) Act, all operating under a single authority, the Nigeria Revenue Service.

According to the Federal Government, the reforms are designed to simplify tax compliance, expand the tax base, eliminate overlapping taxes, and modernise revenue collection across federal, state, and local governments.
https://www.channelstv.com/2025/12/22/presidency-clarifies-controversy-over-alleged-discrepancies-in-tax-laws/

PoliticsRe: Fire Guts Federal Revenue Agency FIRS Headquarters In Abuja by ogododo(op): 9:59pm On Dec 20, 2025
Nawa Nlfpmod, dem wan burn FIRS ontop of Tax bills manipulations.
PoliticsFire Guts Federal Revenue Agency FIRS Headquarters In Abuja by ogododo(op): 9:24pm On Dec 20, 2025
The management of FIRS confirmed the incident in a statement posted on its X account, explaining that the fire was detected early by on-duty security personnel, who immediately took steps to contain the situation before it escalated.

Afire outbreak triggered by an electrical fault on Saturday affected the Federal Inland Revenue Service (FIRS) headquarters in Abuja, damaging several offices on the fourth floor of the building.

The management of FIRS confirmed the incident in a statement posted on its X account, explaining that the fire was detected early by on-duty security personnel, who immediately took steps to contain the situation before it escalated.

According to the agency, emergency responders, including the Federal Capital Territory (FCT) Fire Service, arrived promptly at the scene and successfully brought the fire under control, preventing it from spreading to other sections of the building.

FIRS said no life was lost in the incident, although a number of offices on the affected floor sustained damage as a result of the fire.

“Preliminary investigations indicate that the fire may have been caused by an electrical fault, though a full inquiry is ongoing,” FIRS said.

The service added that it has commenced a review of its internal safety measures, with plans to strengthen existing protocols to avert similar incidents in the future.

FIRS also expressed appreciation to emergency services and members of staff for their swift and coordinated response, which it said helped to ensure the safety of employees and minimise property damage.
https://saharareporters.com/2025/12/20/fire-guts-federal-revenue-agency-firs-headquarters-abuja

European Football (EPL, UEFA, La Liga)Re: Tottenham Hotspur Vs Liverpool (1 - 2) On 20th December 2025 by ogododo: 6:15pm On Dec 20, 2025
I no dey town domique, dey owambe.

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