Economy/Business

Economy/Business

Gov. Fintiri presents N583.3bn 2026 appropriation bill to state assembly

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Governor Fintiri has presented a N583.3 billion “Budget of Sustainable Growth and Renewal” for Adamawa State in 2026, strategically prioritizing capital investment with 64% of funds allocated to development programs. The budget focuses on completing and initiating strategic infrastructure, alongside heavy investment in education, healthcare, and economic support for agriculture and SMEs. It is framed as a fiscally responsible plan, aligned with medium-term frameworks and designed to reflect realistic revenue projections. The administration pledges to foster

Economy/Business

2026 budget speech

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The 2026 budget marks a strategic pivot from painful economic reforms to consolidating their gains, aiming to translate macroeconomic stability into tangible improvements in jobs and living standards for all Nigerians. Key indicators—including moderating inflation, rising GDP growth, and improved oil production—demonstrate that the foundational reforms are yielding measurable results. The core proposition is to lock in this resilience and ensure shared prosperity, moving the nation from a period of necessary hardship toward sustained, inclusive growth. This budget represents a critical juncture

Economy/Business

Inflation declines to 14.34% – Tinubu

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President Tinubu asserts that Nigeria’s economic reforms are delivering measurable results, citing a significant drop in inflation from 24.23% to 14.45% and steady GDP growth. This progress is attributed to tighter monetary policy, improved oil and non-oil revenues, and enhanced security, which have collectively rebuilt investor confidence and boosted foreign reserves to a seven-year high. The administration’s strategic focus is now on consolidating this stability into broad-based, shared prosperity for the nation. These outcomes are presented

Economy/Business

Tinubu presents N58.18trn 2026 Appropriation Bill to NASS

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President Tinubu’s 2026 “Budget of Consolidation” presents a N58.18 trillion plan aimed at securing Nigeria’s emerging macroeconomic stability, evidenced by falling inflation and rising reserves, through disciplined fiscal execution. The budget prioritizes security (N5.41 trillion) as a foundational investment while allocating significant capital expenditure (N26.08 trillion) to infrastructure, education, and health to drive job-rich growth. A core strategy involves aggressive revenue mobilization and digital reforms to curb leakages, seeking

Economy/Business

President Tinubu’s 2026 Budget Speech

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This 2026 budget marks a pivotal transition from painful economic reforms to tangible growth, aiming to consolidate macroeconomic stability and translate it into shared prosperity for Nigerians. Key reforms have already yielded measurable results, including moderating inflation, rising GDP, and improved oil production. The government acknowledges the public’s sacrifices but asserts that this difficult path was necessary to build a resilient and dynamic economic foundation. The core objective is now to ensure this growth generates decent jobs, higher incomes, and an improved quality of life across the

Economy/Business

Senate confirms Mohammed, Eyesan as NMDPRA, NUPRC CEOs

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The Nigerian Senate has confirmed Saidu Mohammed and Oritsemeyiwa Eyesan as CEOs of the newly established petroleum regulatory authorities, finalizing a critical governance structure mandated by the 2021 Petroleum Industry Act (PIA). This action demonstrates tangible progress in implementing the landmark PIA reforms, which aim to modernize and depoliticize the oil and gas sector through clear regulatory separation. The swift, unanimous confirmation following a thorough legislative screening suggests strong political alignment and a push for operational stability.

Economy/Business

PANDEF backs oil sector reforms, calls for Niger Delta inclusion

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PANDEF strongly endorses Nigeria’s recent oil and gas sector reforms, particularly praising the merit-based appointments of key regulators like Oritsemeyiwa Eyesan as critical for driving industry efficiency and global competitiveness. The forum interprets these leadership choices as a deliberate presidential strategy to ensure consistent, competent governance across all industry segments. While optimistic, PANDEF simultaneously advocates for greater inclusion of seasoned Niger Delta professionals in top-tier roles, arguing that the region’s expertise warrants direct representation in strategic decision-making.

Economy/Business

FEC approves N58.4 7trn for 2026 budget proposal

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Nigeria’s Federal Executive Council has approved a N58.47 trillion budget for 2026, marking a 6% increase from 2025. The budget signals a critical structural shift, with non-oil revenues now constituting two-thirds of total receipts, reducing traditional oil dependence. However, expenditure growth is primarily driven by mandatory outlays for debt service, wages, and pensions, constraining discretionary spending and leading to a marginally reduced capital budget focused on completing existing projects. The resulting larger deficit will

Economy/Business

Customs seizes 20 diverted containers worth N769.5m in Kano/Jigawa

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The Nigeria Customs Service has executed a major enforcement operation, seizing 20 diverted transit containers valued at N769.5 million, signaling a critical crackdown on illicit trade practices that undermine national revenue and security. This action highlights a strategic shift towards intelligence-led operations and strict enforcement of the 2023 Customs Act, particularly targeting the unlawful rerouting of goods from ports and Free Trade Zones. The seized items, ranging from construction materials to prohibited used clothing and Zamzam water, reveal a diverse pattern of

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