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2026 Budget Will Solidify Reforms Gains, FG Reassures Nigerians
The Federal Government has reassured Nigerians that the 2026 national budget is well-planned to solidify the gains of President Bola Tinubu’s reform agenda.
Minister of Information and National Orientation, Mohammed Idris, in an op-ed titled “A Defining Moment for Nigeria: Why Staying the Course Matters,” noted that the economic reforms by the current administration are already yielding positive results.
The proposed 2026 budget, presented by President Tinubu in December 2025, totals ₦ 58.18 trillion, focusing on security, infrastructure, health, and education.
The key assumptions in the budget include a $64.85 oil benchmark, 1.84 million barrels of oil per day production, and a $1,400 exchange rate.
“Our ‘Budget of Consolidation, Renewed Resilience and Shared Prosperity’ is critical. It is a commitment to double down on what is working, to solidify gains, and to ensure that the shared prosperity we speak of becomes a lived reality for more Nigerians, faster,” Idris stated.
Major allocations in the 2026 budget went to defense (₦5.41trn), infrastructure (₦3.56trn), education (₦3.52trn), and health (₦2.48trn).
According to the Minister, the last 31 months have been a period of difficult but necessary change, beginning with key economic decisions taken to end long-standing stagnation and build a more stable future.
He noted that signs of progress are beginning to emerge, with business activity expanding, investor confidence improving, inflation easing, and Nigeria’s external reserves strengthening. “These are not just numbers,” the Minister said. “They are the foundation for lasting improvement in the daily lives of Nigerians.”
Beyond economic indicators, the Minister emphasised the importance of trust and clear communication between the government and its citizens.
He reaffirmed his commitment to ensuring that Nigerians are kept informed about government actions, challenges, and progress.
The Minister highlighted several interventions designed to directly impact lives, including the student loan programme (NELFUND), the Presidential CNG initiative to reduce transport costs, and youth-focused programmes such as LEEP, the Jubilee Fellows Programme, and the 3MTT initiative.
He also noted ongoing efforts to tackle food insecurity through the recapitalisation of the Bank of Agriculture and expanded mechanisation.
On infrastructure, he highlighted major projects such as the Coastal Highway, the Sokoto–Badagry Expressway, the AKK Gas Pipeline, and new rail developments aimed at reducing costs and enhancing national connectivity.
Addressing security, the Minister said the government is strengthening recruitment, equipment, and international cooperation.
He cited the recent rescue of abducted students in Kebbi and Niger States as evidence of renewed focus and commitment.
The Minister acknowledged the fatigue many Nigerians feel and assured them that the government is committed to accelerating the delivery of relief through ongoing reforms.
He urged Nigerians to see nation-building as a shared responsibility, urging citizens to engage constructively, protect public assets, and reject misinformation.
He praised President Tinubu for his calm and decisive leadership, noting that recent engagements with the United States helped strengthen bilateral relations and Nigeria’s anti-insurgency efforts.
As the new year begins, the Minister urged Nigerians to stay focused on the future. “We have laid a new foundation,” he said. “Now, we must build the house together.”
The Minister reiterated that the Federal Ministry of Information and National Orientation will remain open, accountable, and consistent in communicating government policies and actions, as he wished all Nigerians a peaceful and productive year ahead.
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BREAKING: Kano gov dumps NNPP with lawmakers, LG chairmen
Kano State Governor, Abba Kabir Yusuf, has resigned from the New Nigeria People’s Party, alongside 21 members of the State House of Assembly, eight members of the House of Representatives and 44 local government chairmen in the state.
Yusuf announced his decision in a letter addressed to the Chairman of the Diso-Chiranchi Ward of the NNPP in Gwale Local Government Area, with the resignation taking effect from January 25, 2026.
Details later…
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Reps committee confirm alterations of Nigeria’s tax laws
The House of Representatives Minority Caucus Ad-hoc Committee investigating alleged distortions of the nation’s tax laws has confirmed that there were indeed illegal alterations in some of the tax reform laws recently passed by the National Assembly and assented to by President Bola Tinubu.
The committee specifically cited the Nigeria Tax Administration Act, 2025, as a law where the alleged alterations were most prominent.
The committee disclosed this on Friday in its interim report on discrepancies between the versions of the tax laws passed by the National Assembly and those published in the official gazette.
The controversy followed public outcry after a member of the House, Abdulsamad Dasuki, raised the alarm on the floor of the House over the circulation of an altered version of the tax laws that differed from the version lawmakers had passed.
Reacting at the time, the Minority Caucus, in a statement issued on December 28, 2025, vowed to “unconditionally protect the independence of the legislature and our democracy,” warning that any attempt to foist fake laws on Nigerians amounted to an attack on the constitutional role of the National Assembly.
In furtherance of this pledge, the Minority Caucus, led by Kingsley Chinda, on January 2, 2026, constituted a seven-member fact-finding committee chaired by Victor Ogene.
Other members are Aliyu Garu (Bauchi), Stanley Adedeji (Oyo), Ibe Osonwa (Abia), Marie Ebikake (Bayelsa), Shehu Fagge (Kano), and Gaza Gbefwi Jonathan (Nasarawa).
Meanwhile, on January 3, 2026, the House, through its spokesman Akin Rotimi, announced that the Speaker, Tajudeen Abbas, had directed the release of the four tax reform Acts duly signed into law by the President for public verification and reference.
The Acts are: Nigeria Tax Act, 2025, Nigeria Tax Administration Act, 2025, National Revenue Service (Establishment) Act, 2025, Joint Revenue Board (Establishment) Act, 2025.
In its preliminary findings, signed by Ogene, the minority caucus committee said a comparison of the certified true copies released by the House with the gazetted versions already in circulation confirmed the allegations raised by Dasuki.
The committee stated, “There were some alterations as alleged, especially in the Nigeria Tax Administration Act, 2025. There were three different versions of the documents in circulation, particularly the Nigeria Tax Administration Act, 2025.”
The committee further noted that the directive to “align” the Acts with the Federal Government Printing Press was “a clear indication that there were procedural anomalies in the previously gazetted version that illegally encroached on the core mandate of the National Assembly.”
On specific areas of concern, the committee identified several discrepancies in the Nigeria Tax Administration Act, 2025.
It stated that under Section 29(1) on reporting thresholds, the certified version fixed thresholds at N50m for individuals and N100m for companies, while the gazetted version reduced the individual threshold to N25m instead of N250m, describing this as:
“A clear case of the executive undermining legislative powers by illegally altering an already passed law to drag more taxpayers into the net”, the section stated.
The committee also faulted the introduction of new subsections 41(8) and 41(9) in the gazetted version, which imposed a mandatory 20 per cent deposit of disputed tax sums as a condition for appealing Tax Appeal Tribunal decisions to the High Court, noting that “these sections were not in the authentic version passed by the National Assembly.”
It further observed that Section 64 of the gazetted Act illegally expanded enforcement powers of tax authorities to include arrests through law enforcement agencies and the sale of seized assets without a court order.
Regarding Section 3(1)(b), the committee said the gazetted version removed petroleum income tax and VAT from the definition of federal taxes, describing this as “an affront to the exclusive powers of the National Assembly to make laws.”
Similarly, it noted that Section 39(3) of the altered version mandated tax computation for petroleum operations in US dollars, contrary to the version passed by the National Assembly, which prescribed computation “in the currency of the transaction.”
The Ogene-led committee also raised concerns over the Nigerian Revenue Service (Establishment) Act, pointing out that Sections 30(1)(d) and 30(3) on National Assembly oversight were deleted in the gazetted version.
It said the authentic Act provided for parliamentary oversight through summons, reports, and accountability mechanisms, but the altered version removed requirements for quarterly and annual reporting to the National Assembly, “in total disregard and disrespect of the institution of the National Assembly and the doctrine of checks and balances.”
Given what it described as “anomalies, illegalities, and impunity” that undermine constitutional powers and democracy, the committee said the evidence so far warranted deeper investigation.
Subsequently, it requested an extension of time to conduct a more thorough examination of the matter, while thanking the caucus leadership “for finding us worthy of the assignment.”
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Always Stay Vigilant In Public Place, DHQ Advises Nigerians
The Defence Headquarters has urged Nigerians to remain vigilant in crowded areas, including markets, churches, and other public gatherings, to enhance personal and community safety.
In a statement released on Friday obtained from DHQ’s X handle on Friday, the DHQ advised citizens to promptly report any unusual behaviour or suspicious individuals to the nearest security agency.
The statement stressed the importance of maintaining situational awareness at all times, noting that public vigilance is key to preventing crime and ensuring security in high-traffic areas.
The DHQ called on the public to cooperate with security personnel and take the advisory seriously to help reduce risks and protect communities across the country.
“Remain alert in crowded places, markets, churches, and public gatherings. Promptly report any unusual behaviour or persons to the nearest security agency. Remember always maintain situational awareness,” the post read.
The advisory is in response to rising concerns over security threats in crowded public spaces such as markets, churches, and other large gatherings across Nigeria, and also a broader effort by the Nigerian military and security agencies to enhance situational awareness among citizens, prevent criminal activities, and reduce incidents of violence or attacks in busy areas.
By urging Nigerians to remain vigilant, report unusual behaviour, and maintain situational awareness, the DHQ seeks to empower the public as the “first line of defense” in identifying potential threats before they escalate.
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