General
FG Directs MDAs To Defer 70% of 2025 Capital Budget to 2026
By Adedapo Adesanya
The federal government has directed Ministries, Departments and Agencies (MDAs) to carry over 70 per cent of their 2025 capital allocations into the 2026 fiscal year.
The directive was contained in the 2026 Abridged Budget Call Circular issued by the Ministry of Budget and Economic Planning and circulated to ministers, service chiefs, and heads of agencies.
The circular said the government had adopted a new framework that caps all 2026 capital budget ceilings at 70 per cent of 2025 project allocations.
Only 30 per cent of this year’s capital budget will be released in 2025, while the remaining 70 per cent forms the foundation of next year’s capital spending.
The notice laid out strict guidelines for preparing next year’s spending plan, including a ban on introducing new capital projects, noting that the administration prioritises completing ongoing projects amid weak revenues and rising fiscal pressures.
It said MDAs must “upload 70 per cent of their 2025 FGN Budget to continue in FY2026” and ensure that all rollover items align with the administration’s priorities—national security, economic growth, education, health, agriculture, infrastructure, power, energy, and social safety nets.
The ministry said the policy is meant to prevent duplication, strengthen continuity and ensure that uncompleted projects are not abandoned, warning MDAs against attempting to exceed their 2025 overhead ceilings in their 2026 submissions, despite inflationary pressures.
“We are constrained by revenue challenges,” the circular said. “While we note the impact of inflation, proposals that exceed approved ceilings will be adjusted downward.”
The directive said the 2026 budget must reflect the strategies in the Medium-Term Expenditure Framework (2026–2028), the Renewed Hope Infrastructure Development Plan, the Ward Development Plan and the National Development Plan, as well as the Accelerated Stabilisation and Actualisation Plan.
MDAs must submit their budgets through the GIFMIS Budget Preparation Subsystem, while government-owned enterprises will submit via the Budget Information Management and Monitoring System. All submissions must be completed by Tuesday, December 9, 2025.
Statutory transfers are projected to drop from N3.64tn in 2025 to N3.15 trillion in 2026, while recurrent non-debt expenditure is estimated at N15.26 trillion.
Debt service obligations are set to rise sharply from N13.94 trillion this year to N15.52 trillion in 2026.
Aggregate capital expenditure is projected at N22.37 trillion, down from N26.19 trillion in 2025. Capital allocations for MDAs fall from N12.39 trillion to N8.67 trillion, while project-tied loans will shrink from N3.36 trillion to N2.05 trillion.
The deficit widens significantly to N20.12 trillion in 2026, from N14.10 trillion in the current year.
Personnel costs have already been computed using data from IPPIS and earlier submissions, the circular noted. Each ministry will be informed of its personnel cost ceiling for 2026.
The financial projections accompanying the circular show a more constrained revenue outlook for 2026.
Total funds available to the Federal Government, including GOEs, are projected at N54.46 trillion, down slightly from N54.99 trillion in 2025.
General
FG Begins February 2026 Salary Payments After Brief System Glitch
By Adedapo Adesanya
The Office of the Accountant-General of the Federation (OAGF) has commenced payment of February 2026 salaries to federal government workers paid through the treasury.
The office said payments began on Monday, March 2, 2026, following a brief delay caused by a technical issue in the payment system.
The office’s Director of Press and Public Relations in the OAGF, Mr Bawa Mokwa, explained that the problem responsible for the delay had been resolved and measures had been put in place to prevent a recurrence.
“The delay in the payment of the February 2026 salaries was due to a technical hitch, and it has been tackled, and necessary measures have been put in place to prevent a recurrence,” Mr Mokwa said.
The development means that thousands of federal civil servants across ministries, departments and agencies will begin receiving their February salaries.
The OAGF also disclosed that it has completed the payment process for one month of the outstanding wage award arrears owed to federal workers.
According to the office, the payment was made after the necessary approval was received to begin clearing the arrears.
The statement explained that the payment represents one month out of the three months of wage award arrears still outstanding.
The wage award was introduced by the federal government under President Bola Tinubu as a temporary measure to ease financial pressure on workers following economic reforms that increased the cost of living.
In August 2025, the government began paying the second tranche of the N35,000 wage award arrears to civil servants as part of efforts to fulfil its commitments to workers.
The N35,000 monthly wage award was introduced after the removal of petrol subsidies and other economic reforms that affected household expenses across the country.
The measure was agreed during negotiations between the Federal Government and organised labour as temporary support for workers while discussions on a new minimum wage structure continued.
However, concerns had recently emerged in some quarters that the government might have abandoned the wage award payments.
The Accountant-General’s office dismissed the claims, insisting that the government remains committed to settling the outstanding arrears.
“The Federal Government has not reneged on its obligation. The wage award arrears will continue to be paid in instalments of N35,000 per month until the outstanding balance is completely settled,” the statement said.
The OAGF noted that the phased payment approach would enable the government to meet its obligations to workers while managing its financial commitments.
The issue of wages and workers’ welfare has remained a major topic in discussions between the government and labour unions amid rising living costs driven by inflation and ongoing economic adjustments.
General
IIF Takes Step to Operationalise Gender-Smart Investing
By Aduragbemi Omiyale
A decisive step aimed at operationalising its Gender Equity and Social Inclusion (GESI) roadmap has been taken by the Impact Investors Foundation (IIF).
Last week, the organisation organised a high-level workshop in Lagos to equip institutions with the tools, standards, and data necessary to integrate GESI into capital allocation decisions.
In attendance for this programme were investors, policymakers, development partners, and private sector leaders.
The Nigeria Gender-Smart and Inclusive Capital workshop served as a critical component of the broader implementation strategy initiated after the launch of Nigeria’s Gender/GESI Roadmap at the 2025 Gender Impact Investment Summit.
“Following the landmark launch of Nigeria’s Gender/GESI Roadmap in 2025, this workshop represents the essential next strategic step in our journey towards a truly inclusive financial ecosystem,” the chief executive of IIF, Ms Etemore Glover, told participants.
“It is not enough to have a roadmap; we must now begin to operationalise it through institutional transformation that goes beyond mere policy alignment.
“This phase is critical because it moves us past advocacy and into the rigorous work of implementation, ensuring that organisations begin to intentionally deploy strategies to bridge the gaps that have historically sidelined women and marginalised groups,” she added.
Ms Glover submitted that, “With growing evidence that diverse and inclusive enterprises outperform their peers in risk management, innovation, and long-term value creation, Nigeria’s push to operationalise gender-smart investing reflects both a moral imperative and a significant market opportunity.”
A central highlight was a technical deep dive into the Gender/GESI Roadmap, presented by a Partner from PwC. The roadmap provides a structured approach to embedding gender-smart principles across the entire investment lifecycle: deal sourcing, by identifying women-led or gender-diverse enterprises; due diligence, through assessing GESI-related risks and opportunities; portfolio management, by strengthening inclusive governance; and exit strategies, which focus on ensuring long-term impact sustainability.
Investment and sustainability professionals from Verod Capital at the event shared practical strategies for embedding GESI metrics into governance systems. Additionally, a case study from Alitheia Capital illustrated how gender-lens investing drives both financial performance and measurable social impact.
Further, experts from 2X Global and Moremi Capital delivered sessions on the Foundations of Gender-Smart Investing, contextualising global standards such as the 2X Criteria for the Nigerian investment landscape.
These discussions demonstrated how investors can intentionally benefit women-led businesses, women in leadership, and women as value chain participants.
Organisations were charged with embedding gender-smart principles into their core operations to unlock Nigeria’s full economic potential, effectively turning the roadmap into the standard for investment in the nation’s future.
General
Why News Matters More Than Ever
For many people, the relationship with news begins with resistance. As children, news channels felt slow, serious, and far removed from the world we know. They interrupt cartoons and movies, filling the screen with long conversations about politics, crises, and distant places. It is perceived as heavy, formal, and intended only for adults, not for young minds seeking entertainment or fun.
Over time, the value of news becomes clear. Most people want to stay informed, understand context, and gain insight into the events that shape society. News moves beyond reports and statistics to provide essential information for making sense of the world.
News Today Fits Into Life, Not the Other Way Around
Modern audiences no longer consume news the way previous generations did. Attention spans are shorter, schedules are busier, and habits are more flexible. People want updates without commitment and access without pressure. News now adapts to everyday life; it can be a quick headline in the morning, a background update while working, or a detailed story in the evening. It meets audiences where they are, not the other way around.
This is where GOtv excels. GOtv offers a wide range of local and international news channels that allow viewers to stay informed in the way that suits them best. Whether it’s a casual check-in, following major developments throughout the day, or deep-diving into global affairs at night.
Local Stories: Global Perspective
The news landscape on GOtv reflects the world audiences live in, fast-moving, interconnected, and diverse. National channels such as Channels Television and ARISE News cover stories that directly impact Nigeria and Africa, from politics and economy to social trends and culture. Meanwhile, international networks like CNN and Al Jazeera provide a broader lens, connecting viewers to global events and discussions that influence nations and societies. Together, these channels give viewers a comprehensive understanding of the world, offering multiple perspectives rather than a single narrative.
When News Finally Makes Sense
There comes a point where news stops feeling like background noise and starts feeling relevant. It matters when decisions need to be made, when conversations require context, and when understanding the world becomes part of everyday life. It becomes clear why adults value it so much because being informed equips people to engage, respond, and make sense of the complex world around them.
GOtv understands that news consumption evolves. It meets audiences at different stages, from casual viewers who want a simple update to engaged viewers seeking deeper analysis and informed discussion. Growing up isn’t about suddenly loving news channels; it’s about realising that staying informed is no longer optional. It’s a conscious choice, a way to connect with the world, and a tool to navigate life’s complexities.
With GOtv, news is no longer something you’re forced to watch. It becomes a choice, a way to stay connected to both local and global stories that matter.
For easy access, viewers can tune in to Channels Television on Channel 27, ARISE News on Channel 24, CNN on Channel 72, and Al Jazeera on Channel 71.
To subscribe, upgrade, or reconnect, download the MyGOtv App or dial *288#. You can also stream anytime with the GOtv Stream App.
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