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Senate Fumes over Multiple Budgets implementation in Fiscal Year

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By Eze Okechukwu, Abuja

The Senate has hammered the federal government over its multiple budgets implementation in a fiscal year, saying the measure undermines fiscal responsibility and will forever remain unacceptable to Nigerians.

The Senate, which spoke through its Committee on Finance yesterday, however asked the Federal Inland Revenue Service ( FIRS) to increase its projected revenue target for 2026 with N 4 trillion; which would  raise the budget bar from N31 trillion to N35 trillion.

This followed after the federal government lamented its N30 trillion shortfall for the 2025 fiscal year, having budgeted N40 trillion revenue for the year in view.

The displeasure of the Senators over multiple budgets implementations in a fiscal year came to the fore during an interactive session of the Finance Committee, Chaired by Senator Sani Musa (APC, Niger East) when they met with leading Managers of the Nation’s economy on the 2026 – 2028 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) at the National Assembly in Abuja.

Minister of Finance and Coordinating Minister of the Economy, Wale Edun had in his contextual explanations on projections for 2026 budget and implementation of the 2024 and 2025 budgets informed the Committee that while revenues for 2024 budget have been met, that of 2025 was yet to be met.

According to him, “Funding for the capital components of the 2024 budget have been met through realization of the total projection of N26trillion revenue but that of 2025 have not been met. Out of the projected N40 trillion revenue for 2025 fiscal year, only N10 trillion have been realized; leaving a shortfall of N30 trillion and consequently making the federal government roll over 70% of capital projects captured in 2025 fiscal year to 2026 “.

The Senate obviously worried by the submission of Minister Edun, expressed displeasure with federal government’s multiple budget implementations in a fiscal year with Committee members like Senators Danjuma Goje (APC, Gombe Central ), Olalere Oyewumi (APC , Osun West), Victor Umeh (LP, Anambra Central), Aminu Iya Abbas (PDP, Adamawa Central) leading the pack.

In his remarks, Sen. Goje said the practice of implementing multiple budgets in a single year is unacceptable to Nigerians, requesting the trend should end this year, stressing that things must be normalized from next year.

On his part, Sen. Oyelere told the Minister that since budgetary proposals were not given to the government by the governed, the government should please present realizable proposals to avoid non implementations which usually dove tailed into multiple implementations in subsequent years.

The Labour Party duo of Senators Victor Umeh and Ireti Kingibe however wondered why the federal government did not fill the missing gaps in revenue targets, with its borrowing requests approved from time to time by the Senate and by extension, the National Assembly.

Sen. Sani Musa in his capacity as Chairman, however came to the rescue of the Minister by assuring his colleagues and Nigerians that the required normalization in budget projections and implementation shall be done from 2026, revealing that a 3 – man ad-hoc Committee shall be set up by the senators to liaise with the Minister and the Accountant – General of the Federation on payment of local contractors for projects executed in 2024, before the expiration of the budget on 31st of this month.

In a related development, Senator Sani Musa tasked the Federal Inland Revenue Service, FIRS through the Chairman, Zacch Adedeji to work towards realizing N35 trillion as target revenue for 2026 fiscal year and not the earlier projected N31 trillion, mentioned earlier by the Chairman.

The FIRS boss in making a projection had said the agency under him, realized N20.2 trillion revenue in 2024 and N25.2 trillion in 2025, emphasizing that the huge revenue being realized by FIRS and other agencies like Customs were being swallowed and made insufficient by multiple budget implementations in a fiscal year.

The Minister of Budget and Economic Planning, Sen. Atiku Bagudu and Minister of State (Petroleum), Senator Heineken Lokpobiri in their submissions defended the parameters set for the N54. 4trillion 2026 budget, relying on 1.84million oil production per day at $64.85 oil price benchmark which is N1, 512.00 to 1USD as exchange rate.

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Bandits Release 24 Kogi Worshippers after Ransom Talks

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From Joseph Amedu, Lokoja

No fewer than 24 parishioners abducted from a branch of  Ecclesiastical Church Winning All(ECWA) Church at Àyetoro-Kiri in Kabba/ Bunu Local Government Area of Kogi state last month have regained freedom.

Gunmen suspected to be bandits stormed the Church on December 14, 2025, and kidnapped about 37 parishioners.

The victims including elderly women, men and teenagers were abducted during the raid.

Since the incident, the community leaders and the families of the victims have been engaging their abductors to secure their release.

According to the community youth leader, Daniel Friday, 17 of the abducted parishioners were released on Tuesday to reunite with their families.

A source from the community, who sought anonymity said, “On January 1, 2026, seven of the abductees were released after prolonged negotiations and the payment of a huge sum of money, running into millions to their assailants.

“Of the seven, four were released alive, while three were confirmed dead; two died before release and one died in the hospital, while receiving treatment.

“Thereafter, negotiations continued, leading to the release of three more victims on Monday, December 12, 2026, and a further 14 victims on Tuesday, December 13, 2026, bringing the number of released abducted parishioners to 24 out of 37.”

The source further hinted that the Aiyetoro Kiri Bunu Development Association, working alongside the affected families, secured the release of the abducted parishioners.

The source from the community added, “The latest release brings renewed hope to the community, though it came at significant financial cost”, describing the process as involving a “painful sacrifice of huge resources.”

The Aiyetoro Kiri Bunu Development Association reaffirmed its commitment to securing the freedom of the remaining 13 abductees, calling for continued prayers and support from the public.

Residents of the community on Wednesday appealed for urgent assistance to ensure the safe return of those still being held by their assailants.

Efforts made to confirm the development from Kogi state police command and the state government were unsuccessful as inquiries in both text message and calls were not responded to as at the time of filing this report.

Meanwhile, according to a report from the community, arrangements are underway to ferry the released parishioners to a hospital in Kabba for medical attention.

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FG, ASUU Reach Truce after 17 Years of Strikes

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By Tony Obiechina, Abuja

The Federal Government and the Academic Staff Union of Universities (ASUU) have signed a landmark agreement to comprehensively review the remuneration and welfare of university academics, a move expected to bring an end to 17 years of recurrent industrial unrest in Nigeria’s public universities.

The agreement, unveiled by the Minister of Education, Dr.

Tunji Alausa, follows prolonged negotiations that began in 2009 and have been marked by repeated strikes and disruptions to academic calendars nationwide.

Central to the pact is a major overhaul of academic staff pay and allowances, approved by the National Salaries, Incomes and Wages Commission (NSIWC), with implementation scheduled to commence on January 1, 2026.

Under the new framework, university academics in federal tertiary institutions will receive a 40 per cent upward review of their emoluments. According to Dr Alausa, the increase is designed to boost morale, improve service delivery, enhance global competitiveness, and stem the persistent brain drain that has undermined Nigeria’s higher education system.

The revised structure retains the Consolidated University Academic Staff Salary (CONUASS) while introducing a newly consolidated Academic Tools Allowance (CATA). Government officials clarified that the bulk of the 40 per cent increase will be delivered through the CATA component, which is exclusive to university academics.

The Consolidated Academic Tools Allowance is designed to cover critical professional needs, including journal publications, conference attendance, internet access, learned society memberships, and book allowances. These provisions, the government said, are essential to effective teaching, cutting-edge research, and meaningful international academic engagement.

By consolidating these benefits, the agreement aims to directly strengthen research output and teaching quality, rather than treating academic tools as ad hoc or discretionary perks.

Another key feature of the deal is the restructuring of Earned Academic Allowances. The nine categories of these allowances have now been clearly defined, transparently earned, and strictly tied to specific academic duties. They include postgraduate supervision, fieldwork, clinical responsibilities, moderation, examination duties, and leadership roles within the university system.

The government noted that this approach promotes productivity, accountability, and fairness, ensuring that payments are directly linked to measurable academic work.

In a first for the sector, the Federal Government has also approved a dedicated Professorial Cadre Allowance for senior academics. The allowance applies strictly to full-time Professors and Readers, in recognition of their expanded scholarly, administrative, and research responsibilities.

Under the new structure, Professors will earn N1.74 million annually—equivalent to N140,000 monthly—while Readers will receive N840,000 per annum, or N70,000 monthly. The allowance is intended to support research coordination, academic documentation, correspondence, and administrative efficiency.

Describing the intervention as “structural, practical, and transformative,” Dr Alausa said it would enable senior academics to focus more effectively on teaching, mentorship, innovation, and global knowledge production.

Government officials expressed optimism that the agreement would establish a durable foundation for industrial harmony in federal universities by addressing long-standing remuneration and welfare grievances that have repeatedly disrupted academic activities.

Dr Alausa reaffirmed the Federal Government’s commitment to the faithful implementation of the agreement and sustained engagement with stakeholders, describing the pact as a decisive step towards resolving a crisis that has plagued Nigeria’s tertiary education sector for nearly two decades.

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NiMet Inaugurates AI Team to Advance Weather Forecasts

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The Nigerian Meteorological Agency (NiMet) has inaugurated an Artificial Intelligent (AI) research and integration team to advance weather forecasting innovation.

NiMet’s Director-General, Prof. Charles Anosike, in a statement in Abuja on Tuesday, said the move was part of the Agency’s drive to strengthen innovation, digital transformation, and service delivery in meteorological and climate services.

According to him, the inauguration underscores NiMet’s commitment to complement decades of physics-based forecasting with emerging AI-driven approaches.

This, he said, was in line with the Federal Government’s digital transformation agenda and the ongoing modernisation of meteorological services in Nigeria.

“The newly constituted technical team is tasked with identifying opportunities, standards, and best practices for the application of artificial intelligence in meteorology, and with driving the integration of AI-based tools into NiMet’s operational forecasting systems.

“The initiative is expected to enhance the speed, accuracy, and accessibility of weather predictions through hybrid AI–traditional forecasting models,” NiMet’s DG said.

According to him, building internal AI capacity is critical to sustaining NiMet’s leadership in technological innovation among government agencies.

He said that emerging technologies were responsibly deployed to support aviation safety, agriculture, disaster risk reduction, and national development.

”Members of the AI Research and Integration Team were drawn from across the Agency’s units, reflecting a multidisciplinary approach to innovation.

“The inauguration marks another milestone in NiMet’s ongoing efforts to leverage digital technologies and research-driven solutions to deliver world-class meteorological services in Nigeria.” he said.

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