Connect with us

News

FG Orders 70% Capital Budget Rollover to 2026, Bans New Projects Execution

Published

on

 

 

By Yusuf Danjuma Yunusa

The Federal Government has ordered ministries, departments, and agencies to carry over 70 per cent of their 2025 capital budget into the 2026 fiscal year as the administration moves to prioritise the completion of existing projects and contain spending pressures in the face of weak revenues.

This directive is contained in the 2026 Abridged Budget Call Circular issued by the Federal Ministry of Budget and Economic Planning and circulated to all ministers, service chiefs, heads of agencies and top government officials in Abuja.

The circular, as released by the ministry on Monday, stated that the annual budget estimates must follow strict guidelines and that all officers responsible for budget preparation were expected to comply fully. The circular made clear that the preparations for the 2026 budget would not allow the introduction of new capital projects.

It stated that ministries and agencies must continue with the allocations already approved in the 2025 budget rather than seeking fresh projects. The document said MDAs are required to upload 70 per cent of their 2025 budget to continue next year, and that this must be done in line with national priorities.

Advert

It explained that the rollover is based on what it described as the immediate needs of the country and the development priorities of the administration. It listed the priorities that align with the policy direction of the government, such as national security, the economy, education, health, agriculture, infrastructure, power and energy, as well as social safety nets, including women and youth empowerment.

According to the circular, “MDAs are to upload 70 per cent of their 2025 FGN Budget to continue in FY2026. All such rollover and uploads MUST be in line with the immediate needs of the country as well as government’s development priorities that aligns with the policy direction of the new administration which hinges on National Security, the Economy, Education, Health, Agriculture, Infrastructure, Power & Energy as well as social safety nets, women & youth empowerment.”

The circular stated that the government had established a framework that sets capital budget ceilings for 2026 at 70 per cent of the 2025 project allocations. It also explained that only 30 per cent of the 2025 capital budget would be released within the current fiscal year, while the remaining 70 per cent would serve as the foundation for the 2026 capital budget, replacing the previous method of a traditional rollover.

It said this would ensure continuity for ongoing projects and eliminate wasteful duplication. The document emphasised that ministries must not attempt to exceed their overhead ceilings from 2025 when preparing their 2026 submissions.

It acknowledged that inflation is affecting costs but said the government is constrained by revenue challenges. It added that the government would sustain the effort to achieve full release of the overhead budget but warned that proposals that go beyond approved ceilings would be adjusted downward.

According to the circular, “MDAs are required to work within and not exceed their 2025 overhead ceilings (Executive Proposal) for the purpose of preparing their 2026 Overhead budget submissions. While we note the impact of inflation on overhead costs, we are, however, constrained by revenue challenges in providing significantly more for overheads. We will, however, sustain the effort to achieve full release of the overhead budget.”

The circular explained that budget estimates must take into consideration the policies and strategies contained in the 2026 to 2028 Medium Term Expenditure Framework and Fiscal Strategy Paper, which it described as the Federal Government’s pre-budget statement.

News

Parliamentary Probe Reveals Tampering with Key Tax Reform Legislation

Published

on

 

By Yusuf Danjuma Yunusa

The House of Representatives has confirmed that there is an illegal alteration of Nigeria’s newly gazetted tax reform laws.

The House Minority Caucus Ad-hoc Committee probing alleged alteration of the tax reform laws reported evidence of unauthorized changes to some of the tax reform laws recently passed by the National Assembly and signed into law by President Bola Tinubu.

In an interim report released on Friday, the committee said its findings showed clear discrepancies between the versions of the tax laws approved by lawmakers and those later published in the official gazette.

According to the panel, the Nigeria Tax Administration Act, 2025, contained the most significant alterations.

The probe followed public concern triggered by a motion raised on the floor of the House by Abdulsamad Dasuki, who warned that versions of the tax laws in circulation differed from what legislators had approved.

In response, the Minority Caucus, in a statement issued on December 28, 2025, pledged to safeguard the autonomy of the legislature and cautioned that the circulation of “fake laws” posed a direct threat to constitutional democracy.

Acting on that commitment, the caucus, under the leadership of Kingsley Chinda, set up a seven-member fact-finding committee on January 2, 2026.

The panel is chaired by Victor Ogene, with members Aliyu Garu (Bauchi), Stanley Adedeji (Oyo), Ibe Osonwa (Abia), Marie Ebikake (Bayelsa), Shehu Fagge (Kano), and Gaza Gbefwi Jonathan (Nasarawa).

A day later, the House, through its spokesman Akin Rotimi, announced that Speaker Tajudeen Abbas had ordered the release of certified copies of the four tax reform Acts signed by the President to enable public scrutiny.

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

Advert

The committee, in its preliminary assessment, said that a side-by-side review of the certified copies and the gazetted documents confirmed Dasuki’s claims.

“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 stated.

The report, signed by Ogene, noted that multiple versions of the Nigeria Tax Administration Act, 2025, were in circulation, raising questions about the integrity of the legislative process.

The panel argued that instructions to “align” the Acts with the Federal Government Printing Press suggested serious procedural lapses.

The committee added that the published version of the laws unlawfully intruded into the constitutional authority of the National Assembly.

According to the committee, there 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.”

Highlighting specific concerns, the committee said Section 29(1) on reporting thresholds had been altered.

While the version passed by lawmakers set thresholds at N50 million for individuals and N100 million for companies, the gazetted text reportedly reduced the individual threshold to N25 million, a move the committee described as an attempt to widen the tax net through executive interference.

The committee also criticised the insertion of new subsections 41(8) and 41(9), which mandate a 20 per cent deposit of disputed tax liabilities before appeals can be taken from the Tax Appeal Tribunal to the High Court.

The committee noted that these provisions were absent from the version approved by the legislature.

According to the report, Section 64 of the gazetted Act further expanded the enforcement powers of tax authorities, allowing arrests through law enforcement agencies and the sale of seized assets without court authorisation, powers not contained in the original Act.

The committee also flagged changes to Section 3(1)(b), where petroleum income tax and VAT were reportedly removed from the definition of federal taxes, and to Section 39(3), which now mandates tax computation for petroleum operations in U.S. dollars rather than “the currency of the transaction,” as originally passed.

Beyond the Tax Administration Act, the panel raised alarms over the Nigerian Revenue Service (Establishment) Act, saying provisions on National Assembly oversight, particularly Sections 30(1)(d) and 30(3), were deleted in the gazetted version.

The committee said these omissions stripped the legislature of mechanisms for summons, reporting, and accountability, undermining the principle of checks and balances.

The House is expected to deliberate on the interim findings and consider further actions to rectify the published laws and prevent future alterations.

Continue Reading

News

Breaking :Gov. Yusuf Resigns NNPP Membership as Kano Political Realignment Deepens

Published

on

 

Kano State Governor, Alhaji Abba Kabir Yusuf, has formally resigned his membership of the New Nigeria People’s Party (NNPP), citing deepening internal crises and the need to safeguard the broader interest of the people of Kano State.

This was contained in a statement signed by the governor’s spokesperson, Sunusi Bature Dawakin Tofa on Friday.

The Governor, in a letter addressed to the Chairman of Diso-Chiranchi Ward, NNPP, Gwale Local Government Area, officially communicated his decision to withdraw from the party with effect from Friday 23rd January 2026.

“I write with a deep sense of gratitude to formally notify the leadership of the New Nigeria People’s Party (NNPP) of my decision to resign my membership of the party, with effect from Sunday, 25 January 2026.”

Governor Yusuf expressed appreciation to the party for the platform and support extended to him throughout his political engagement with the NNPP.

“I remain sincerely appreciative of the opportunity given to me by the party, its leadership, and members across Kano State to be part of its political journey since 2022, as well as the support, goodwill, and cooperation extended to me during my time in the party.”

Advert

He pointed to persistent internal disputes and legal challenges that have continued to unsettle the party’s structure nationwide.

“In recent times, the party has been confronted with persistent internal challenges arising from leadership disagreements and ongoing legal processes, many of which are presently before the courts for judicial determination.”

According to the Governor, the internal disagreements have widened divisions and weakened cohesion within the party.

“The growing disenfranchisement among party members has created deep divisions within the party structure, resulting in cracks that appear increasingly irreconcilable and have generated uncertainty at both state and national levels.”

Governor Yusuf stated that his decision followed careful reflection and was guided strictly by public interest considerations.

“After careful reflection, and without prejudice to the party’s capacity to resolve its internal challenges, I have come to the conclusion that my resignation is in the best interest of the people of Kano State.”

He emphasized that the decision was taken in good faith and without bitterness.

“This decision is taken in good faith, without any ill will, and with a continued commitment to peace, unity, and the progress of Kano State.”

The Governor is resigning today along with 21 members of the State Assembly, 8 members of the House of Representatives and 44 Local Government Chairmen of Kano state.

The resignation letter was acknowledged by the party Secretary, Diso-Chiranchi Ward, Hon. Kabiru Zubairu who commended the Governor for his laudable projects on infrastructure, urban renewal, health, education and economic empowerment.

“I wish to concur with His Excellency on the lingering crisis in our party, though we are trying our best to contain it, but we have no option than to accept the resignation of a one and most performing Governor of the NNPP.”

 

Signed
Sunusi Bature Dawakin Tofa,
Director General,
Media and Publicity,
Government House, Kano

Continue Reading

News

Oluwafemi hails Tinubu’s ambassadorial postings, urges driven agenda for Nigeria’s key mission

Published

on

 

 

Sir Victor Oluwafemi, KJW, a leading international development expert, media mogul, and Isle of Man-based member of the Nigerian diaspora, has commended President Bola Ahmed Tinubu, GCFR, for approving the posting of ambassador designates to strategic foreign missions, describing the decision as a timely step towards repositioning Nigeria’s diplomacy for measurable national value.

Oluwafemi, the principal architect of Policy as a Platform (PaaP) and Results as a Service (RaaS), said Nigeria’s missions must now adopt a modern delivery discipline that converts goodwill into outcomes. He explained that *PaaP* is a structured approach for translating national priorities into clear mission workflows and service standards, while RaaS  is a quarterly scorecard system for tracking results, including partnerships secured, investment leads progressed, trade outcomes, and improvements in diaspora and consular service delivery.

“Diplomacy must be more than protocol. It must translate into investment pipelines, trade opportunities, diaspora confidence, and a reputation lift that is backed by delivery,” Oluwafemi said.

He urged the newly appointed envoys, particularly the ambassador-designate to the United States, to adopt a clear three-point agenda that can be applied across Washington, London, and Paris, while recognising that Washington remains Nigeria’s most strategic theatre for investment mobilisation and diaspora confidence building.

Advert

Three priority actions for immediate activation

1. Establish an embassy-convened Diaspora and investment council.
Oluwafemi advised each mission to inaugurate a structured council bringing together diaspora leaders, business chambers, institutional partners, and credible investors, supported by a quarterly calendar and committee mandates. He said this will institutionalise engagement, reduce fragmentation, and create a permanent platform for mobilisation.

2. Launch an annual flagship investment and diaspora conference with a Deal Room.

He called for a signature annual conference hosted by each mission, anchored in a Deal Room that showcases vetted opportunities, matches partners, and tracks post-event progress. For the United States, he recommended a Nigeria–US Diaspora Prosperity Conference and Deal Room in Washington, DC, designed to convert goodwill into bankable pipelines and sustained investment momentum.

3. Publish a quarterly mission results scorecard under the RaaS discipline
Oluwafemi said every mission should publish a simple quarterly scorecard tracking measurable outputs, including partnerships secured, investment enquiries progressed, trade and export facilitation outcomes, diaspora engagement metrics, and service improvements. He noted that transparent reporting will strengthen credibility and distinguish Nigeria’s diplomacy as outcomes-led.

“Washington should become the benchmark mission by institutionalising PaaP-style delivery workflows and RaaS scorecard reporting, while London and Paris drive the same discipline through their own strategic corridors,” he added.

The Presidency announced that President Tinubu approved Ambassador Ayodele Oke as the ambassador designate to France, Retired Colonel Lateef Kayode Are as the ambassador designate to the United States of America, and Ambassador Amin Mohammed Dalhatu as the high commissioner designate to the United Kingdom.

Continue Reading

Trending