Author: The Nation

  • Nigeria eyes $7.5b global ginger market

    Nigeria eyes $7.5b global ginger market

    Nigeria’s ginger export industry is positioning itself for a strong rebound in 2026, buoyed by renewed international technical support, fresh investment, and stepped-up security measures in key farming belts.

    The global ginger market is projected to expand from $4.41 billion to $7.50 billion by 2033, recording a compound annual growth rate of 6.08 per cent between this year and 2033, according to the Ginger Market: Players Analysis, Recent Developments, Strategies, Sustainability, Product Launches, Key Persons, and Revenue Forecasts report published by ResearchAndMarkets.com. The report attributed the growth to rising demand for ginger in food and beverages, health supplements, traditional medicine, and the increasing preference for natural remedies, alongside its growing use in the food service industry.

    Nigeria, which produced an estimated 726,000 to 781,000 metric tons annually between 2021 and 2023, ranks as the world’s second or third-largest ginger producer. However, the sector suffered a major setback in 2023 when a fungal epidemic, commonly referred to as ginger blight, wiped out more than 90 per cent of farms in major producing states such as Kaduna, Plateau, and Nasarawa.

    The impact was severe, with ginger exports falling by 74 per cent in the first nine months of 2024 compared with the previous year.

    After what industry stakeholders describe as a tumultuous period marked by disease and regional instability, the sector is now entering a “transformation phase” aimed at restoring Nigeria’s position as a leading supplier of high-pungency ginger to the global market.

    READ ALSO: Bridging the gaps in budget implementation

    A central pillar of this recovery is the Nigeria Ginger Sustainability Programme, a partnership between the Netherlands’ Centre for the Promotion of Imports (CBI) and the Nigerian Export Promotion Council (NEPC). The programme has entered its final scaling phase, offering intensive export coaching to 17 selected Nigerian small and medium-sized enterprises. The companies have received training on European Union food safety requirements, corporate social responsibility standards, and sustainable farming practices. The positive outlook for 2026 is also being driven by coordinated efforts to address insecurity and revive production in affected areas. The Federal Government recently launched the Ginger Recovery Advancement and Transformation for Economic Empowerment initiative, backed by a ₦1.6 billion intervention fund. The programme targets the restoration of about 15,000 farmers in Kaduna, Plateau, and Nasarawa states, regions that recorded yield losses of up to 90 per cent in 2023.

  • Swede Control Intertek projects export growth

    Swede Control Intertek projects export growth

    Swede Control Intertek Ltd., an ISO-certified Pre-Shipment Inspection firm, has projected a positive outlook for Nigeria’s export sector in 2026.

    It also cited stronger compliance, quality assurance, and government reforms as key drivers.

    Its Managing Director, Mr Folarin Familusi, made the disclosure during a recent virtual interview with journalists in Lagos, organised to highlight the company’s recent ISO certification.

    Familusi explained that the firm collaborates with the Federal Government to ensure the safety and quality of imports, verify duty collection, provide cargo security, and monitor oil and gas exports, among other responsibilities.

    He said the ISO certification would enable Swede Control Intertek to deliver services in line with global standards, enhancing value for both clients and government agencies.

     “The certification places our indigenous firm on the international business map, improving service efficiency and boosting customer and investor confidence,” Familusi said.

    READ ALSO; Imperatives of Tinubu’s second term and transformative initiatives

    He also maintained that it had also strengthened staff morale, reduced errors, and decreased customer complaints.

    He added that the company plays a critical role in the Nigerian Export Supervision Scheme, ensuring accurate reporting of crude oil exports.

    “President Bola Tinubu is focused on raising Nigeria’s revenue, which makes our role vital for goods leaving or entering the country.

    “Accurate duty application depends on our oversight,” he said.

    Familusi further noted that the combination of government policy reforms and the firm’s ISO certification had improved investor confidence and repositioned maritime and petroleum sectors as key drivers of economic growth.

    He added that the firm’s commitment to global best practices would support stronger export performance in 2026 and beyond.

  • Ninth AFRIMA: Nigerian star FalzTheBahdGuy, French-Senegalese actress Liliane Maroune are hosts

    Ninth AFRIMA: Nigerian star FalzTheBahdGuy, French-Senegalese actress Liliane Maroune are hosts

    The All Africa Music Awards (AFRIMA) has officially unveiled Nigerian rapper and actor, FalzTheBahdGuy, and a French-Senegalese actress and media personality, Liliane Maroune, as hosts of the ninth edition of the awards.

    The ninth AFRIMA, organised by the International Executive Committee of AFRIMA in conjunction and the African Union Commission in partnership with the Lagos State government (official host city), is slated to hold from January 7 to 11, next year, in Lagos, Nigeria.

    With this appointment, FalzTheBahdGuy becomes the second Nigerian, after music legend 2Baba, to host the prestigious AFRIMA stage, following 2Baba’s historic role as co-host of the inaugural edition in 2014.

    Over the years, AFRIMA has featured a distinguished list of hosts drawn from across the continent and the diaspora, including 2Baba (Nigeria) and Maryse Acotie (Togo) at the inaugural 2014 edition; DNG (Kenya) and Aurélie Eliam (Cote d’Ivoire) in 2015; Ahmed Soultan (Morocco), Bonang Matheba (South Africa) and Ika De Jong (DRC) in 2016; Akon (Senegal/U.S.A.) and Sophy Aiida (Cameroon) in 2017; Michael Blackson (Ghana/U.S.A.), Pearl Thusi (South Africa) and Anita Erskine (Ghana) in 2018; Pearl Thusi and Eddie Kadi (DRC/UK) in 2019 and 2021; and Ahmed Sylla (France/Senegal), Sophy Aiida, and Pearl Thusi at the eighth edition held in January 2023.

    READ ALSO; Imperatives of Tinubu’s second term and transformative initiatives

    FalzTheBahdGuy, a multiple award winner, is one of Africa’s most respected figures in music and film. He is known for his intelligent lyrics, confident stage presence, and powerful social commentary.

    Beyond music, FalzTheBahdGuy has built a strong acting career and received praise for his roles in popular films, such as New Money, Brotherhood, 10 Days in Sun City, and Chief Daddy.

    Liliane Maroune, who is also a French-Senegalese actress, model, and TV host, brings elegance, global appeal, and a strong African identity to the AFRIMA stage. Maroune, who also has Lebanese and Mauritanian ancestry, is well known for her roles in West African television series, including Myriam in Emprises and Aissatou in Coeurs Brisés. She is also popular for hosting the talk show, “Wakhtane Ak Lily”, where she interviews leading African creatives. Her growing influence across Africa and Europe positions her as a fitting co-host for the awards.

    Commenting on the choice of hosts, AFRIMA Regional Director for Central Africa, Nde Ndifonka, said: “FalzTheBahdGuy brings intelligence, strong ideas, and a powerful African voice that connects with both young and old audiences. Liliane embodies elegance, diversity, and the contemporary African woman with international influence. Together, they clearly show the strength and richness of African music and culture. They  both understand Africa, speak for Africa, and live the African experience in their own ways.”

    The build-up to the ninth AFRIMA has been electric, with music fans across the world still voting for their preferred artistes in 39 categories of the awards on www.afrima.org.

    The five-day event of the biggest music awards in Africa will begin with the Welcome Soirée for guests and nominees at the British Deputy High Commission House in Lagos on Wednesday, January 7. The Africa Music Business Summit will take centre stage on Thursday, January 8, at the Eko Convention Centre, Eko Hotels and Suites.

    Music lovers across the continent are expected to throng the Ikeja City Mall, Alausa, Lagos, on Friday, January 9, for the AFRIMA Music Village.

    There will be a Nominees and Industry Party on Saturday, January 10, before the Main Awards Show on Sunday, January 11, also at the Eko Convention Centre, Eko Hotels and Suites. The Red Carpet starts at 3 p.m. (WAT) and the awards ceremony will be broadcast live to more than 84 countries, ensuring the excitement reaches audiences around the world.

  • Firm converts N2.58b debts to shares in favour of CEO

    Firm converts N2.58b debts to shares in favour of CEO

    Arising from its Annual General Meeting (AGM) yesterday, Geo-Fluids Plc announced the resolution that it has converted N2.58billion debts/load of the company into shares in favour of the Chairman and Chief Executive Officer, Jacob Esan.

    The strategy was one of its revival measures for the firm that had been at its downtime over the past 13 years.

    This was contained in the 2013-2024 Audited Statement of Affairs of the company that was issued in Abuja during the meeting.

    The statement said, “Conversion of Debts/Loans into Shares of the Company (e) “That all outstanding sums in consideration of the Directors under the Directors’ Current Account in the sum of N2,586,019,000 (Two Billion, Five Hundred and Eighty-Six Million and Nineteen Thousand Naira) and ultimately to the benefit of Jacob Babadiya Oyebola Esan as contained in the Company’s accounts for the year ended December 31 2024 be converted into fully paid up ordinary shares in the capital of the Company, subject to obtaining relevant regulatory approvals.”

    The financial of Geofluids over the past 13 years shows a shift to a stable cashflow profile from a prior stream of operating losses.

    The positive change is underlined by some investment and financing activities that had significant impact on liquidity.

    READ ALSO; Imperatives of Tinubu’s second term and transformative initiatives

     Operating cash flows were volatile but gradually improved, moving from negative figures in the early years to steady positive inflows from 2018 onwards, and peaking at N35.51million in 2022 and remaining robust at N34.34 million in 2024.

    This indicates better earnings quality and improved working capital management, as accounted for by the new operational structure of the organisation.

    Though there have been spot cash inflows of N3.81billibn inflow in 2013 and N1.13bn in 2024, the end of period cash levels remained modest, fluctuating between N1.34million and N7.96million, ending FY 2024 at N7.27million.

    Geofluids Plc, one of the players in the nation’s oil and gas industry is implementing a rebound strategy aimed at significantly turning around the fortunes of the organisation within the nearest future.

    The broad strategic policy covers board overhaul, deepening and expansion of business lines, and refreshed operational systems.

    Speaking at the AGM, Esan, stated that the organisation is implementing a bold and ambitious turn around strategy that will drive up value and place the company at the top of its industry of operation.

    Esan, a corporate finance expert initiated the strategic plans and have been overseeing its successful implementation to date.

     According to him, “Our strong project management pedigree and financial restructuring reputation gave us an early start in securing premium patrons and running an operation that could compete with some of the finest globally”.

    One of the bids to re-energise the company for greater value creation, was the shareholders approval the appointment of new board of directors to provide strategic leadership that will deliver value to all stakeholders.

    The reconstituted board is made up of professionals with longstanding experiences in various fields.

    A review of the board shows regional spread, diverse expertise, and relevant experience.  The new board brings needed experience across energy, finance, law, governance, and strategic investments. It includes the following members: HRH Jacob Esan.

     Kabiyesi Jacob Esan is a capital markets professional, investment banker, corporate turnaround specialist, and boardroom leader with over two decades of multi-jurisdictional experience spanning Nigeria and the United Kingdom. He currently serves as the Chairman and Chief Executive Officer (CEO) of Geo-Fluids Plc, where he was appointed to lead the Company through a complex turnaround following severe financial distress and receivership.

     Dr. Abu Mohammed Sani is the President and CEO of PAK Engineering Corporation, Houston, USA, providing oil and gas engineering, project management, and professional training services. With over 30 years of global industry experience, he has held senior roles with Saudi Aramco. BHP Billiton, Marathon Oil. And Schlumberger. He holds engineering degrees from the Ahmadu Bello University (ABU) Zaria, Nigeria, KFUPM, the University of Oklahoma, and the University of Houston, Texas, USA.

    Abubakar Bawa Bwari is an Ahmadu Bello University (ABU) Zaria, graduate of Geography with a master’s degree in urban and Regional Planning. He is a seasoned planner, entrepreneur, and politician. A three-term House of Representatives Member and long-serving Chief Whip. He later served as Minister of State for Mines and Steel. He holds national and international honours and is a Fellow of multiple professional bodies. His honours include the Officer of the Order of Leopold (Belgium). An Honourary Doctorate (USA), and the traditional title of Marafan Zazzau Suleja.

    Tobechi C.  Egboh is a seasoned legal and corporate governance expert with over 35 years of experience across banking, oil and gas, real estate, and international advisory services. He is the Managing Partner of The Crest Partnership.  A Fellow of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), and a member of the Nigerian and Washington State Bars. He is known for strong governance, compliance, and strategic legal leadership.

    Olumide Aju, is a Senior Advocate of Nigeria (SAN), he is dual-qualified as a lawyer admitted to both the Nigerian bar and that of England and Wales. He has over 29 years of trial and appellate experience across all superior courts. A Fellow of the Chartered Institute of Arbitrators (UK), he is a leading authority in commercial litigation and arbitration, as ranked by IFLR and Martindale-Hubbell.

    Suleiman Hassan is a seasoned surveyor and public servant from Bauchi State. He holds an HND and Professional Diplomas in Land Surveying and other specialities like Environmental Impact Assessment (EIA). Suleiman has over four decades of experience in surveying, governance, and project management. He has served as Minister of State for Power, Works, and Housing. Minister of Environment, SURCON Registrar, and Principal Partner at Sulieman Hassan & Associates. He holds the traditional title, Waziri Jara of Gombe.

    It is expected that this new board will provide Geo-Fluids with the sociopolitical and economic network, expertise, and governance support needed to drive the company’s subsequent evolution into one of Nigeria’s principal hydrocarbon businesses

  • Ecobank guarantees seamless digital services to customers

    Ecobank guarantees seamless digital services to customers

    Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has assured customers of uninterrupted access to banking services throughout the year-end holiday period via its secure and robust digital platforms. The bank also urged customers to remain vigilant against fraud and scams during the festive season.

    Speaking on the development, Victor Yalokwu, Head, Products & Analytics, Consumer & Commercial Banking, Ecobank Nigeria, said the Bank’s digital channels — including Ecobank Cards, the Ecobank Mobile App, USSD *326#, Ecobank Online, OmniPlus, Omnilite, EcobankPay, RapidTransfer, ATMs, PoS terminals, and over 35,000 Ecobank Xpress Point (agency banking) locations nationwide — will remain fully available to support customers throughout the yuletide and year-end holiday period.

    He noted that customers will continue to enjoy a wide range of services during the period, including local and international funds transfers, bill payments and airtime top-ups, merchant and QR payments, balance inquiries and account statements, as well as cardless cash withdrawals via ATMs.

    READ ALSO: Bridging the gaps in budget implementation

    According to Yalokwu, “Ecobank encourages customers to leverage these digital solutions for safe, fast, and efficient banking, especially during the festive season when convenience and reliability are essential. While physical branch operations may be subject to adjusted working hours in line with public holidays, customers can be assured that Ecobank’s digital platforms are designed to deliver uninterrupted service and enhanced security at all times. Ecobank remains committed to providing innovative financial solutions and exceptional customer service, and we wish all our customers a joyful festive season and a prosperous New Year.”

    Yalokwu also cautioned customers to remain vigilant against fraudsters and scammers during the period. “Before you wrap up the year, tighten your security. December brings online sales, travel, and year-end distractions—this is exactly when scammers are most active. From fake festive deals to cloned merchant sites and suspicious messages, staying vigilant helps keep your money safe.”

    He advised customers to shop only on trusted websites, never share their PINs, passwords, or one-time passwords (OTPs), avoid banking on public Wi-Fi networks, be cautious of urgent or emotionally charged messages, and regularly review their account activity.

  • NNPC restores Escravos–Lagos pipeline after explosion

    NNPC restores Escravos–Lagos pipeline after explosion

    The Nigerian National Petroleum Company (NNPC) Limited, yesterday said it has full restored the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State, following an explosion that rocked the facility on December 10.

    In a statement signed by the Chief Corporate Communications Officer, NNPC, Andy Odeh, the oil firm noted that the achievement was made possible through the unwavering support of the host communities, the guidance of regulators, the vigilance of security agencies and the dedication of its partners and staff.

    “Together, we turned a challenging moment into a success story, restoring operations in record time while upholding the highest standards of safety and environmental stewardship.”

    READ ALSO: Bridging the gaps in budget implementation

    “We immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned. Today, the pipeline is fully operational, reaffirming our resilience and commitment to energy security.

    “As we move forward, NNPC Limited remains steadfast in its pledge to protect our environment, safeguard our communities, and maintain the integrity and reliability of our assets. Thank you for your trust as we continue to power progress for Nigeria and beyond,” Odeh said in the signed statement.

  • Group lauds ban on wood export, others

    Group lauds ban on wood export, others

    The Human and Environmental Development Agenda (HEDA Resource Centre) has hailed the Federal Government for imposing an immediate nationwide ban on the export of wood and allied products and for revoking all previously issued licences and permits.

    Reacting to the announcement, HEDA’s Executive Secretary, Sulaimon Arigbabu, described the decision as a long-overdue return to wisdom and responsibility in environmental governance.

     According to him, the directive signals a renewed commitment by the Federal Government to protecting Nigeria’s rapidly shrinking forest resources and addressing the growing threats of climate change.

    Arigbabu noted that Nigeria has for too long lived in painful contradictions. “We cry about droughts, floods, extreme heat and desertification, yet we have turned the trees that God blessed us as our first line of defence against extreme weather events into a thriving export business. This hypocrisy has come at a huge environmental and social cost,” he said.

    While applauding the policy, HEDA warned that the challenge runs far deeper than a single executive pronouncement.

    READ ALSO; Imperatives of Tinubu’s second term and transformative initiatives

    The organisation stressed that illegal logging and deforestation will not disappear without strong political will, firm enforcement of the law, and accountability across federal and state institutions. “Without strict enforcement, this ban risks becoming another well-written policy that fails at the implementation stage,” Arigbabu stated.

    HEDA further urged the Federal Government not to limit its focus to local firewood and charcoal syndicates alone.

    According to Arigbabu, “There is a more dangerous dimension to this crisis — foreign criminal networks, particularly some Chinese nationals masquerading as investors, who are raping Nigeria’s forests and carting away highly valuable species such as Rosewood, which is already listed as endangered under the Convention on International Trade in Endangered Species (CITES).”

    He described the situation as especially disturbing because “these activities are often carried out under the protection of armed policemen, making the crime more sinister, organised and menacing.”

    The civil society organisation also reminded government that the ban must not ignore the domestic drivers of deforestation. HEDA noted that local dependence on firewood and charcoal is largely driven by energy poverty and widespread lack of economic opportunities, especially in rural and peri-urban communities. “Criminalising survival without addressing its root causes will only worsen hardship and fuel resistance,” Arigbabu said.

    Consequently, HEDA called on the Federal Government to urgently prioritise affordable, accessible and sustainable energy alternatives, particularly for poor and vulnerable households. In addition, the organisation urged that communities currently dependent on charcoal and firewood trade should be trained, sensitised and supported to transition to alternative, sustainable livelihoods.

    “Protecting our forests is not just about bans and arrests; it is about justice, equity and sustainable development. If Nigeria gets this right, this policy could mark a turning point in our fight against environmental degradation and climate change,” he added.

  • Court remands two for theft of N26m cows

    Court remands two for theft of N26m cows

    An Ogun State Magistrate Court sitting at Ijebu Ode has remanded two suspected cattle rustlers Aliyu Umaru, 20 years and Yusuf Ibrahim both aged 26 years in the custody of Nigerian Correctional Services (NCoS), Ijebu Ode.

    The Ogun State police command had on arraigned Umaru and Ibrahim before the Magistrate Court for cattle rustling.

    They are facing a two-count charge of armed robbery and stealing of ten cows estimated to worth N26m.

    Umaru and Ibrahim were alleged to have committed the crime between June 16 and 17, 2025.

    They were alleged to have stormed Tojok Heritage Farm behind Iworo Health centre, Iworo Ijebu in Ijebu Ode at about 4:30am during which the cows were allegedly stolen at gunpoint.

    The charge sheet signed by the police prosecuting counsel,  Solomon Babalola stated: “Between 16th and 17th of June, 2025 at about 0430hrs at Tojok Heritage Farm, that you Aliyu Umaru ‘m’, Yusuf Ibrahim ‘m’ and others at large behind Iworo Health center, Iworo-Ijebu in the Ijebu-ode Magisterial District did conspired among yourselves to commit felony to wit: Armed Robbery and thereby committed an offence contrary to section 6(b) and punishable under section 1(2)(a) of the Robbery and Firearms Special Provision CAP RII laws of Federation of Nigeria 2004.

    READ ALSO: Bridging the gaps in budget implementation

    “That Aliyu Umaru ‘m’, Yusuf Ibrahim ‘m’ and others at large in the same time, place and date in the aforementioned Magisterial District did rob ten cows valued N26 million property one Toyin Bakare.”

    “That at the time of robbery, you were armed with offensive weapon to wit; gun and cutlass and thereby committed an offence contrary to and punishable under section 16(1)(b) of the Prohibition of Forcible Occupation of Landed Properties, Armed Robbery, Kidnapping, Cultism and and other Anti-violence and other Related Offences Laws of Ogun State 2016”.

    Trial Magistrate, Mr Orekoya however ordered that the suspects be remanded in the custody of Nigerian Correctional Service (NCoS).

    Magistrate Orekoya adjourned the matter to February 25, 2026 pending the advise from the Directorate of Public Prosecution.

  • Fed Govt revalidates Ondo Deep SeaPort in blue economy push

    Fed Govt revalidates Ondo Deep SeaPort in blue economy push

    • Oyetola hands over certificate to Aiyedatiwa

    Nigeria’s push to expand port capacity and unlock its blue economy has received a major boost.

    The Federal Government formally revalidated the Ondo Deep Sea Port certificate, positioning the project as a new driver of trade, industrialisation and non-oil exports.

    The Special Adviser to the Minister of Marine and Blue Economy, Dr. Bolaji Akinola, announced this yesterday in Abuja in a statement.

    Akinola said the revalidated certificate was presented last Thursday in Abuja by the Minister, Adegboyega Oyetola, to Ondo State Governor Lucky Aiyedatiwa.

    The minister’s aide noted the certificate presentation marked a critical milestone in the state’s maritime and industrial development agenda.

    During the presentation, Oyetola stated that the revalidation was a deliberate federal intervention aimed at unlocking Ondo State’s maritime potential and aligning port development with the broader economic diversification strategy of the Tinubu administration.

    READ ALSO: Bridging the gaps in budget implementation

    The minister said the Ondo Deep Sea Port is expected to ease pressure on existing ports while opening new corridors for trade and manufacturing.

    “The Ondo Deep Sea Port is not just a project for Ondo State; it is a national asset that will strengthen Nigeria’s competitiveness in global shipping, reduce pressure on existing ports, and create a new hub for exports, manufacturing and job creation,” the minister said.

    He noted that the port’s Atlantic-facing location gives it strategic importance for boosting non-oil exports, improving logistics efficiency and attracting foreign direct investment into the Southwest and the wider Nigerian economy.

    “The revalidated licence provides certainty to investors and sends a strong signal that Nigeria is ready for serious maritime investments. With the supporting infrastructure planned around the port, Ondo State is positioning itself as a major player in the blue economy,” Oyetola added.

    Receiving the certificate, Aiyedatiwa thanked President Bola Ahmed Tinubu and the Federal Executive Council (FEC) for approving the revalidation.

    The governor described it as the outcome of years of sustained effort to revive the project.

    He explained that the original licence, obtained during his tenure as deputy governor, was stalled by a naming error in the initial business case, necessitating a fresh and comprehensive submission.

    “This revalidated certificate is a turning point for Ondo State. It validates our vision for industrial growth, job creation and sustainable development anchored on our long coastline and maritime assets,” Aiyedatiwa said.

    The governor stated that his administration is already prioritising critical supporting infrastructure to ensure the port’s success.

    Such infrastructure, he said, includes the dualisation of access roads to industrial zones and other modernisation projects.

    Aiyedatiwa added that plans were also underway for residential, educational and hospitality facilities to support the expected influx of investors, workers and service providers.

    The governor said the Ondo Deep Sea Port would have a ripple effect across the state, driving inclusive development in all local government areas and reinforcing Ondo’s role in the country’s emerging blue economy landscape.

  • Sule, Otti, Soludo, Adeleke, Aiyedatiwa, Abiodun, Zulum, Yusuf sign 2026 budgets into Law

    Sule, Otti, Soludo, Adeleke, Aiyedatiwa, Abiodun, Zulum, Yusuf sign 2026 budgets into Law

    • Nasarawa to spend N545.2b, Abia N1.016tr, Anambra N765b, Osun N723b, Ondo N524.4b, Ogun N1.668tr, Borno N890.33b, Kano N1.47tr

    Eight governors yesterday assented to their states’ 2026 Appropriation Bills.

    They are: Abdullahi Sule (Nasarawa), Alex Otti (Abia), Chukwuma Soludo (Anambra), Ademola Adeleke (Osun), Lucky Aiyedatiwa (Ondo), Dapo Abiodun (Ogun), Babagana Zulum (Borno), and Kabir Abba Yusuf (Kano).

    In Lafia, the Nasarawa State capital, Governor Sule signed into law N545.2 billion tagged: “Budget of Strategic Consolidation” passed by the House of Assembly.

    The governor submitted N517.5 billion to the House of Assembly, but the lawmakers increased it by N27.6 billion.

    The signing ceremony was at the Conference Hall of the Government House.

    The governor hailed the Speaker and other lawmakers for the speedy passage of the State document.

    He promised that the state would witness more people-oriented projects, programmes and policies next year.

    Sule also promised effective implementation of the budget and strict adherence to the budgetary provisions.

    Speaker Danladi Jatau assured the governor of the commitment of the lawmakers to work for the interest of the people.

    “The budget has passed through all legislative processes and committee’s scrutiny before it was passed into law,” he said.

    The Speaker called for more synergy and support among all arms of government for the betterment of the state and its people.

    The Commissioner for Budget and Economic Planning, Hajiya Munirat Abdullahi, gave an overview of the budget and its breakdown.

    “The Capital Expenditure is N316.265,270,661.07 billion and the Recurrent Expenditure is N228.717,880,249.07 billion respectively,” she said.

    READ ALSO; Imperatives of Tinubu’s second term and transformative initiatives

    In Abia State, Governor Otti signed N1.016tr 2026 budget into law in Nvosi Isiala Ngwa South Local Government Area after its passage by the House of Assembly.

    The governor assured the people that his administration would faithfully implement the budget and sustain the momentum of accelerated development across the state.

    He described the process as a testament to democratic engagement, transparency and diligence between the Executive and the Legislative arms of government.

    Otti hailed the House of Assembly for its thorough scrutiny of the Appropriation Bill, noting that the time taken to review it was an indication of seriousness and commitment to the interests of Abians.

    “I’m very glad that this House pays attention to details, not just a House that would pass a bill without asking questions.

    “I’m not unaware of the engagements going back and forth between the Executive team and the Legislative team.

    “And that is what democracy should be about. Questions should be asked and numbers should be scrutinized. Two good heads, they say, are better than one.

    “That this Bill took a little bit of time to pass is also a plus. It shows that some work was being done. And it also puts the executive on his toes to ensure that he continues to up their game, to produce numbers that can be valued for,” he said.

    “This is a disciplined government and it will stick to the budget that has been approved. If there is any reason for anything to change, we will still come back to you with a legitimate defence.”

    Speaker Emmanuel Emeruwa described the 2026 budget as a “Project of Acceleration and New Possibilities”.

    He noted that the state was nearing “ground zero” after years of infrastructural and developmental challenges.

    “That is why we are beginning to accelerate. I do believe that we have started and we are not going to slow down until this place is completely transformed,” he added.

    In Awka, the Anambra State capital, Governor Soludo assented to N765 billion 2026 Appropriation, Correctional Bills and two others into law.

    The other Bills the governor signed into law are: Anambra State Mission Schools of Nursing and Midwifery, the Anambra State Taxes, Levies and Presumptive Tax and the Anambra State Correctional Services Law, 2025.

    The event was held at Anambra State’s Light House.

    A statement by the governor’s Press Secretary, Christian Aburime, said the House of Assembly increased the Appropriation Bill by N8 billion. Soludo had submitted N757 billion, while it was raised by the lawmakers to N765 billion.

    Assenting to the laws, the governor said: “This budget is more than numbers — it is a strategic plan crafted to deliver on our administration’s promises.

    “We have focused on what truly matters to the people, ensuring that resources are allocated to meet the critical needs in our communities.”

    Giving the lawmakers a pat on the back for doing a good jo, Soludo said: “Our productive partnership with the House of Assembly has been crucial.

    “Their thoroughness and cooperation have helped deliver laws that will accelerate the development and prosperity of Anambra State.

    “We submitted draft appropriation of N757 billion but in their wisdom after various reviews, the budget size very slightly increased to N766 billion for the 2026 fiscal year. So, we now get to work.

    “Transparency, accountability, and inclusive governance are not just ideals; they are the bedrock of our government.

    “By enacting these laws, we are creating the enabling environment for effective service delivery and sustainable growth.”

    In Osogbo, the Osun State capital, Governor Adeleke assented to ₦723 billion 2026 Appropriation Bill into law in the presence of Deputy Governor Kola Adewusi; Speaker Adewale Egbedun; the Chief of Staff, Kazeem Akinleye; the Head of Service, Elder Ayanleye Aina, and members of the State Executive Council (Exco).

    The House of Assembly had passed ₦723,454,988,670.00 the budget christened ‘Budget of Economic Transformation’ few days ago.

    Assenting to the budget, Adeleke said the budget will consolidate and expand governance and service deliveries in line with the five-point agenda of his administration.

    In a statement by his media aide , Olawale Rasheed, Governor Adeleke said: “This is the final year of our first term with expanded ambitions to complete ongoing projects and launch new initiatives for the good of our people.

    “Our administration has in the last three budget years laid solid foundation for the sustainable development of our dear state. We completed many abandoned projects and launched new ones. We paid billions of naira in pension and salary debt. We targeted workers welfare and approved and implemented payments of promotions arrears and paid many allowances which the previous government neglected.”

    The governor said his team had resolved to consolidate his administration’s achievements across the sectors.

    He said: “The year 2026 is a dual year of renewal of mandate and rolling out of a new agenda for the next four years. The consolidation for 2026 is a year of continuation, of further good governance and of continuity for sustainable governance.

    “Year 2026 is a loaded era as an election year when by God and people, our mandate will be renewed. But we should not allow governance to suffer. We must multi-task.

    “We promise Osun people full implementation of the new appropriation act. I charge each ministries and agencies to follow the established timelines for the budget execution. We will continue to focus on people’s welfare and complete all ongoing projects and programmes.”

    In Akure, the Ondo State capital, Governor Aiyedatiwa assented to N524.4 billion 2026 budget tagged: “Budget of Economic Consolation,” following its passage by the House of Assembly.

    The ceremony was held at the Executive Council Chamber of the Governor’s Office.

    The budget comprises a recurrent expenditure of N220,830,941,200 (42.11 per cent) and a capital expenditure of N303,579,649,739 (57.89 per cent).

    The governor said the budget underscores his administration’s strong commitment to infrastructure and economic growth.

    Sectoral distribution include: Agricultural Development: N29.6 billion (5.7 per cent), Trade and Industry: N8.7 billion (1.7 per cent), Education: N64.5 billion (12.3 per cent), Health: N59.5 billion (11.4 per cent), Information: N5.5 billion (1.1 per cent), Community Development: N16.3 billion (3.1 per cent), Infrastructural Development: N144 billion (27.6 per cent) and Environment & Sewage Management N8.7 billion (1.7 per cent), Regional Development: N15.5 billion (3.0 per cent), Administration of Justice: N20.5 billion (3.9 per cent), Public Finance: N95 billion (18.1 per cent),General Administration: N35b (6.7 per cent),Legislative Administration: N13 billion (2.5 per cent) and Energy: N7.3 billion (1.4 per cent).

    Aiyedatiwa said the fiscal plan was strategically designed to place the state on the path of sustainable growth while safeguarding the welfare of citizens.

    The governor described the 2026 budget as a strategic blueprint designed to respond effectively to prevailing national economic realities while positioning the state on a path of self-reliance, resilience and enduring prosperity.

    He outlined the sectoral distribution, highlighting the allocations to agricultural development, trade and industry, education, health, information, community development, infrastructural development, environment and sewage management, regional development, administration of justice, public finance, general administration, legislative administration, and energy.

    Aiyedatiwa also highlighted the budget’s key pillars, emphasising agriculture and food security with targeted investments in modern farming, support for smallholder farmers, and improved access to credit.

    He stressed that human capital development and skills enhancement through education, school renovations, teacher training, and digital skills development are also priority.

    He added that economic transformation and infrastructure development, including completion and initiation of critical projects in roads, power, and water supply, will create an enabling environment for businesses.

    Speaker Olamide Oladiji hailed Governor Aiyedatiwa for transforming the state and giving Akure a capital-like appearance.

    He also highlighted the Assembly’s achievements in passing Bills that regulate community activities, prohibiting kidnapping, registering domestic staff, establishing the State Road Fund, and creating coastal and waterways management agencies.

    In Abeokuta, the Ogun State capital, Governor Abiodun assented to the N1.668 trillion 2026 budget following its passage by the House of Assembly.

    The passage followed the presentation and adoption of the report of the House Committee on Finance and Appropriation, chaired by Mr Musefiu Lamidi (APC-Ado-Odo/Ota II) during plenary at the Assembly Complex, Oke-Mosan, Abeokuta.

    Lamidi, who moved the motion for the adoption of the committee’s report, said the Bill was submitted to the Assembly 26 days earlier and had undergone scrutiny.

    The motion was seconded by Folawewo Salami (APC-Ifo II) and supported by the whole House during plenary presided over by Speaker Oludaisi Elemide.

    The Bill was later read and adopted clause by clause before the Committee of the Whole House; after which the motion for its third reading was moved by the Majority Leader, Yusuf Sheriff (APC-Ado-Odo/Ota I).

    The motion was seconded by Minority Leader Lukman Adeleye (PDP – Odogbolu) and supported by all the lawmakers through a unanimous voice vote.

    The Clerk/Head of the Legislative Service, Sakiru Adebakin, read the Bill for the third time, while Elemide directed that a clean copy be transmitted to the governor for assent.

    Earlier, while Presenting the committee’s report on the bill titled “H.B. No. 028/OG/2025 – Year 2026 Appropriation Bill”, Lamidi said the Assembly made adjustments to the budget proposals of three Ministries, Departments and Agencies (MDAs).

    Governor Abiodun had, on December 3, presented the 2026 Appropriation Bill to the House of Assembly for approval.

    In Maiduguri, the Borno State capital, Governor Zulum signed the N890.33 billion into law.

    The governor said the budget was aligned with the state’s 25-Year Development Plan and 10-Year Strategic Transformation Initiative.

    The budget was christened “Budget of Sustained Recovery and Growth.”

    The governor said the budget comprises N536.56 billion for capital expenditure and N353.77 billion for recurrent expenditure.

    He said funding sources include N317.68 billion from FAAC, N44.30 billion from IGR and N417.23 billion in capital receipts from grants and aid.

    Zulum said the budget assumptions include an oil price benchmark of 64 U.S dollars per barrel, an exchange rate of N1,512 to the dollar and an inflation rate of 18 per cent.

    He said the budget prioritised security, human capital development, infrastructure, social welfare and economic revitalisation, with emphasis on durable solutions for displaced persons and resettled communities.

    He reaffirmed his administration’s commitment to prudent financial management, due process, and value for money in public spending.

    The governor said the 2026 budget prioritised revenue generation, land administration, emergency management, urban planning, rural electrification, arts and culture, scholarship management, and sustainable development initiatives.

    He said security and durable solutions for displaced persons form the core of his 2026 Appropriation Bill.

    Zulum said the budget provided increased funding for security agencies to consolidate peace through improved welfare, modern equipment and enhanced intelligence gathering.

    He said significant resources were also earmarked for closing remaining IDP camps through the construction of resilient housing, land allocation and livelihood revitalisation in recovered communities.

    According to him, the goal is to transition from humanitarian assistance to sustainable development, ensuring resettled citizens live with dignity, self-reliance and opportunity.

    Zulum reviewed the 2025 fiscal year, citing macroeconomic challenges that affected budget implementation.

    He recalled that the 2025 budget stood at N615.85 billion, comprising N373.67 billion for capital expenditure and N242.17 billion for recurrent expenditure.

    The governor said that assumptions on exchange rate stability and inflation under the Federal Government’s Medium-Term Expenditure Framework were disrupted by prevailing economic realities.

    Despite the challenges, he said the state adopted proactive fiscal measures that ensured continued service delivery, infrastructure development and support to security agencies.

    Responding, the Speaker of the state assembly, Abdulkarim Lawan, lauded the achievements made by the governor in the 2025 budget.

    Lawan also assured the governor of the assembly’s determination to pass the budget within a short time.

    In Kano, Governor Yusuf assented to ₦1.477 trillion 2026 budget following its consideration during plenary.

    The passage of the Bill followed its second reading and deliberations in the Committee of the Whole at a sitting presided over by Speaker Jibril Falgore in Kano.

    The News Agency of Nigeria (NAN) recalls that Governor Yusuf had presented the 2026 Appropriation Bill to the Assembly on November 19 for legislative consideration.

    A breakdown of the approved budget shows that ₦934.6 billion, representing 68 per cent, was allocated to capital expenditure, while ₦433.4 billion, accounting for 32 per cent, was earmarked for recurrent expenditure.

    The capital-to-recurrent ratio is considered one of the highest in the state’s recent fiscal history, reflecting the government’s emphasis on infrastructure and development projects.

    With the passage of the bill, the assembly is expected to transmit the budget to Gov. Yusuf for assent in line with constitutional provisions.

    Also, the assembly also held a valedictory session in honour of its two deceased members, Aminu Sa’ad, who represented Ungogo Constituency, and Sarki Aliyu Daneji, who represented Kano Municipal Constituency.

    The lawmakers died in active service on Wednesday, Dec. 24, just hours apart.

    During the session, Speaker Falgore described their demise as a grievous loss to the assembly and the state, noting that the late legislators were committed public servants who contributed significantly to lawmaking and community development.

    He said their dedication to democratic ideals and the welfare of their constituents would remain indelible.

    The Speaker extended condolences to Gov. Yusuf, former Governor, Sen. Rabiu Musa Kwankwaso, the families of the deceased lawmakers, and the entire people of Kano State.

    According to him, the assembly will continue to honour their memories and uphold the values they stood for. (NAN)