Connect with us

General

FG Directs MDAs To Defer 70% of 2025 Capital Budget to 2026

Published

on

Tinubu 2025 budget

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.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

FG Denies Planning to Arrest, Detain, Prosecute Opponents

Published

on

Tinubu's Portrait

By Modupe Gbadeyanka

The federal government on Tuesday dismissed allegations that it was planning to go after opposition figures through a programme tagged Arrest, Detain, Prosecute for Very Important Persons (ADP4VIP).

In a statement issued on Tuesday by the Minister of Information and National Orientation, Mr Mohammed Idris, the government said there is no iota of truth in the claims.

It was alleged that the government of President Bola Tinubu had concluded plans to harass the opposition, particularly those in the African Democratic Congress (ADC), through a task force comprising the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Nigerian Financial Intelligence Unit (NFIU), coordinated by the Office of the National Security Adviser.

This is coming at a time the government has been accused of going after key members of ADC, with the immediate past Attorney General of the Federation (AGF) and Minister of Justice, Mr Abubakar Malami, was remanded in prison today.

But in the statement, the Minister emphasised “there is no such programme as ADP4VIP,” noting that Mr Tinubu is “firmly and successfully focused on its core agenda: implementing measurable economic reforms, defeating insecurity, expanding trade opportunities, and restoring investor confidence.”

Mr Idris noted that, “The attempt by some opposition elements to frame lawful accountability as political targeting is a dangerous red herring designed to shield so-called VIPs from answering to our national laws and anti-corruption agencies.”

“The government underscores its foundational principles. Section 40 of the 1999 Constitution (as amended) guarantees every Nigerian the right to freely associate and assemble. President Tinubu swore an oath to uphold this Constitution and its protections, including the freedoms of association and religion. He is a democrat with considerable and positive footprints.

“Under President Tinubu’s leadership, the federal government remains unwavering in its commitment to the rule of law, due process, and the independence of institutions. Nigeria is a constitutional democracy where law enforcement and judicial agencies are obligated to perform their duties professionally, without interference, and in the nation’s best interest.

“Politicians and citizens are therefore enjoined to desist from engaging in disinformation, misinformation, and fake news, especially in an era where credibility is intrinsically linked to informational fidelity.

“With the 2027 general elections on the horizon, the public should anticipate an increase in fabricated narratives and political blackmail by actors who employ falsehood as a strategy for relevance. We urge all Nigerians to remain vigilant and to reject the politics of distortion and division.

“Every Nigerian retains the constitutional right to lawful association and political activity. Concurrently, our security and anti-corruption institutions retain the lawful mandate to operate in the nation’s interest.

“As we draw the curtain on 2025 and step into a new year, this government will not be distracted by those invested in perpetual politicking. Nigerians deserve continuity, progress, and tangible results—and that is what the Tinubu administration remains dedicated to delivering,” the statement said.

Continue Reading

General

Army Arrests 19 Oil Thieves, Destroys 22 Illegal Bunkering Sites in Niger Delta

Published

on

names of oil thieves

By Adedapo Adesanya

Troops of the 6 Division of the Nigerian Army have arrested 19 suspected oil thieves, destroyed 22 illegal refining hubs, and recovered over 180,000 litres of stolen petroleum products valued at more than N150 million in a sustained crackdown on oil theft across the Niger Delta region.

The details of the operations were contained in a statement signed by Lieutenant Colonel Danjuma Jonah Danjuma, the Acting Deputy Director of Army Public Relations, 6 Division.

According to the release, the operations were conducted between November 23 and December 28, 2025, with troops working “in close synergy with other security agencies to deny criminal elements freedom of action across the Niger Delta.”

“Troops have continued to dominate the operational landscape, effectively disrupting oil theft, pipeline vandalism, and other forms of economic sabotage,” the release stated.

The release disclosed that in Rivers State, troops uncovered 350 sacks containing more than 10,500 litres of stolen crude oil at Ogale Community in Eleme LGA, while two illegal refining sites were destroyed around Okarki Forest in Ahoada West LGA.

At Orashi Forest in Abua/Odual LGA, troops traced a hose spanning over nine kilometres, leading to four illegal refining sites equipped with large ovens, receivers, and dugout pits stocked with crude oil.

“Several illegal refining sites were destroyed, alongside large ovens, reservoirs, and pumping machines used in the illicit operations,” the release added.

In Bayejsa State, troops deactivated an illegal refining site at Siebu Creek in Ogbienbiri, Southern Ijaw Local Government Area, where a large reservoir containing over 75,000 litres of stolen crude oil and a pumping machine were recovered.

Further operations around Biseni in Yenagoa LGA led to the destruction of several illegal refining sites, with over 17,000 litres of stolen products recovered. At Okarki waterside in Ogbia LGA, troops intercepted a concealed Cotonou boat loaded with 2,775 litres of stolen crude oil.

The release further revealed that in Delta State, troops intercepted a truck along the Asaba–Benin Expressway in Agbor, allegedly discharging 45,000 litres of diverted petroleum products. Additional operations in Sapele and Ughelli South LGAs led to the arrest of suspects and the recovery of illegally refined condensates.

In Akwa Ibom State, troops discovered a warehouse stocked with illegally refined Automotive Gasoline Oil (AGO) at Ikot Ntuen Village in Abak LGA, where several jerricans filled with stolen products were seized.

The General Officer Commanding, 6 Division, Nigerian Army, Major General Emmanuel Eric Emekah, commended the troops and charged them to sustain the momentum against oil thieves.

“The GOC urged troops to maintain the tempo against economic saboteurs who threaten critical national infrastructure,” the release said.

He also appealed to residents of the Niger Delta to support the military by providing credible information.

“The cooperation of law-abiding citizens remains critical to winning the fight against criminal networks in the region,” the statement noted.

The Army reaffirmed its commitment to protecting national assets and ensuring continued security across the Niger Delta.

Continue Reading

General

NNPC Restores Escravos–Lagos Pipeline to Full Operations

Published

on

Escravos–Lagos Pipeline

By Adedapo Adesanya

The Nigerian National Petroleum Company (NNPC) Limited has announced the successful restoration of the Escravos–Lagos Pipeline System (ELPS) in Warri, Delta State.

This was contained in a statement released by the Chief Corporate Communications Officer of the state-owned oil company, Mr Andy Odeh, late on Monday, December 29.

“Following the unexpected explosion on December 10, 2025, we immediately activated our emergency response, deployed coordinated containment measures, and worked tirelessly with multidisciplinary teams to ensure the damaged section was repaired, pressure-tested, and safely recommissioned.

“Today, the pipeline is fully operational, reaffirming our resilience and commitment to energy security.

“This achievement was made possible through the unwavering support of our host communities, the guidance of regulators, the vigilance of security agencies, and the dedication of our partners and staff.

“Together, we turned a challenging moment into a success story, restoring operations in record time while upholding the highest standards of safety and environmental stewardship.

“As we move forward, NNPC Limited remains steadfast in its pledge to protect our environment, safeguard our communities, and maintain the integrity and reliability of our assets,” the statement read.

Continue Reading

Trending