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Economy

Effective Plan-Budget Link Critical To Development—Mede

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Plan-Budget Link udoma udo

By Modupe Gbadeyanka

Permanent Secretary in the Ministry of Budget and National Planning, Mrs Nana Fatima Mede, has described effective plan-budget link as critical for attaining inclusive growth.

Mrs Mede stated this in her remarks during a Specialised Training Programme on Strategic Planning and Effective Linkage to Budgeting Process, organized by the Ministry of Budget and National Planning in Kano.

She said it was clear that the role of strategic planning and effective linkage to budgeting process was very critical towards the realisation of the aspirations of any nation.

Mrs Mede, represented at the occasion by Alhaji Aminu Yargaya, Assistant Director (Plans), Macroeconomic Analysis Department in the Ministry, further said, “Studies have shown that countries like China, Malaysia, Indonesia, etc that have consistently been implementing National Development Plans are successful in attaining inclusive growth and sustainable development.”

She explained that, the training was organised for officers of Federal MDAs, as part of a continuous re-training and development programme to sharpen the skills of officers for improved service delivery.

“This training is one of the key activities designed to be undertaken by the Ministry, with a view to enhance the competence of technical officers in the areas of plan formulation, implementation, policy analysis and forecasting,” she said.

Accordingly, Mrs Mede disclosed also that, the training is also aimed at improving officers’ skills in preparing budgets using the Zero-Based-Budgeting Approach and also putting the officers through the process of linking the budget with the plan, since annual budget is the instrument through which the plan is being implemented as the former takes cue from the later.

While buttressing the fact that, a good budget is a product of good plan, the Permanent Secretary stated that, “As you are aware, the nation is currently facing economic crises as commodity prices, especially oil prices have declined drastically with negative consequences on government revenues.

“This explains the need for effective planning and budget implementation in order to achieve value for money, as expenditures are tied only to the country’s needs for maximum impact on the lives of citizens.

“This is buttressed by the introduction of such economic and fiscal instruments as Zero-based- Budgeting (ZBB), Treasury Single Account (TSA), BVN, restructuring the budget framework in favour of capital expenditure among others.”

She also described the low level of implementation of National Development Plans, as well as Annual Budgets as an issue not unconnected with capacity gaps identified in the Public Service.

The Perm Sec explained that, as a result, in some cases, MDAs are not able to effectively formulate credible Sector Plans or Annual Budgets nor are they able to implement them effectively.

While commending the merger of the former National Planning Commission with the Budget Office of the Federation, Mrs Mede said that in the past, bureaucracy and lack of effective collaboration between government agencies had hindered effective Plan-Budget link, as such emphasised that the merged agencies must work as one to succeed for the good of the country.

Underscoring the imperative of the training exercise, she pointed out that the challenges experienced last year by the Ministry’s Technical Officers in assisting Federal MDAs to prepare their 2016 Budgets necessitated for it, especially now that government is seeking urgent measures to reduce economic waste in the face of the current recession, thereby creating more value for the government.

The Kano training was the second batch in the series of the capacity building for the Budget officers of the MDAs, after Lagos batch that was conducted earlier in October.

Some key recommendations that arose from the first batch of this training in Lagos were; the Budget Division of MDAs should be domiciled in the Planning, Research and Statistics Department; the efforts being made by the Federal Government in improving the budgeting process is commendable, but there is need for better synergy between the Executive and Legislative arms of Government in this regard and the Planning, Research and Statistics should be made a cadre in the Public Service to enhance project planning and implementation

Others were; sustainability should be mainstreamed into project implementation in the country, In addition, measuring performance of budget releases to MDAs should be based on results of the projects as against the current practice of measuring the amount of money spent; and the process of projects selection should be based on the needs.

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

By Aduragbemi Omiyale

The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.

Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.

This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.

The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.

In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.

“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.

“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.

“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

By Aduragbemi Omiyale

One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.

The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.

The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.

They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.

Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.

“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.

“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

By Modupe Gbadeyanka

This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.

This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.

This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.

The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.

In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.

It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.

The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.

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