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How Buhari Plans to Spend N255b for 2019 Elections

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By Dipo Olowookere

On Tuesday, July 17, 2018, President Muhammadu Buhari wrote to the Senate, seeking an approval for the use of N254.5 billion for the 2019 general elections.

Next year, Nigerians will head to the polls to choose another set of leaders for the next four year.

In 2015, Nigerians voted massively for the All Progressives Congress (APC), which promised them change.

The APC, which was then an opposition party, defeated the then ruling Peoples Democratic Party (PDP) at the polls.

Business Post gathered that the 2015 general elections were executed with about N108 billion by former President Goodluck Jonathan.

In the letter sent by President Buhari to the Senate yesterday, he explained that the N254.5 billion would be drawn from the 2018 and 2019 budgets.

Mr Buhari urged the lawmakers to remove projects earlier inserted into the budget and replace them with priority projects as contained in the original bill.

While signing the budget on June 20, President Buhari raised the alarm that Nigerian lawmakers had tampered with the document sent to them.

Mr Buhari said the National Assembly made cuts amounting to N347 billion in the allocations to 4,700 projects submitted to them for consideration and introduced 6,403 projects of their own amounting to N578 billion.

Mr Buhari in his Tuesday letter insisted he would not submit a supplementary budget to fund these priority projects. Instead, he urged the lawmakers to remove those inserted.

Also contained in the letter is the supplementary budget of N242.5 billion to fund six agencies in the 2019 general election.

Of the total sum, N164 billion will be drawn from the 2018 supplementary budget while N78.3 billion will form part of the 2019 budget of these agencies.

“As you are aware, the 2019 general election is scheduled to be conducted early in 2019. To ensure that adequate arrangements are made for free and fair election, it has become necessary to appropriate funds to enable the relevant agencies to commence preparations.

“INEC and the security agencies have accordingly recently submitted their requests and these have been subjected to the usual budget evaluation. The aggregate cost of the election is estimated at N254,445,322,600.

“However, in line with the prevailing fiscal I’m proposing that the sum of N164,104,792,65 be provided for through virement or supplementation of the 2018 budget.

“I propose that the balance of N78,340,530,535 mostly related to personnel allowances, fuelling and other costs not required until election proper be provided in their 2019 budget.

“The proposal for the 2019 election is as summarised below:

INEC

2018 supplementary – N143,512,529,445

2019 budget – N45,695,015,438

Total: N189,207,544,893

Office of the National Security Adviser

2018 supplementary – N3,855,500,000

2019 budget – 426,000,000

Total – 4,281,500,000

DSS

2018 supplementary – N2,903,638,000

2019 budget – N9,309,644,455

Total – N12, 213, 282, 455

NSCDC

2018 supplementary – N1,845,597,000

2019 budget – N1,727,997,500

Total – N3,573,534,500

Nigeria Police

2018 supplementary – N11,457,417,432

2019 budget – N19,083,900,000

Total – N30,541,317,432

NIS

2018 supplementary – N530,110,078

2019 budget – N2,098,033,142

Total – N2,628,143,320

Total amount (for 2019 election)

2018 supplementary – N164,104,792,065

2019 budget – N78,314,530,535

Total – N242,445,322,600

“You will also recall that when I signed the 2018 appropriation act, I indicated the need for reinstatement of certain cuts made to certain critical projects provided in the original executive bill. I’m therefore submitting for your consideration the reinstatement of most of the most critical of such cuts totalling N67,742,216,150 which are summarised in page one.

“The total amount required to be provided for in the 2018 budget for the 2019 general election and to restore the identified critical projects to the amount earlier proposed is therefore N228,854,800,250.

“Implementing a budget of N9.12 trillion for 2018 would be extremely challenging and therefore, I do not consider it expedient to propose a further increase to the size of the 2018 expenditure framework to fund these very important and critical expenditure items.

“Accordingly, I invite the distinguished senate to consider, in the national interest, relocating some of the funds appropriated for the new projects which were inserted into the 2018 budget proposal totalling N 578,319,951,904 to cover the sum of N228,854,800,205 required as noted above.

“A schedule sitting out a comprehensive list of these inserted projects is attached to this letter for ease of your consideration.

“Further to the above, kindly find attached a supplementary budget and virement proposal for your consideration.

“While hoping that this request will expeditious consideration of the distinguished senate, please accept, Mr Senate President, the assurances of my highest consideration,” the letter signed by Mr Buhari said.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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NISO Attributes Electricity Woes to Inadequate Gas Supply

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Electricity Tariff Hike

By Adedapo Adesanya

The Nigerian Independent System Operator (NISO) has attributed the poor power supply facing a considerable number of Nigerians to inadequate gas supply to thermal power plants.

Business Post reports that epileptic power supply has plagued consumers in Lagos, Oyo, Abuja, and Osun, among others, this month, leading to worries. Also, some businesses have recorded losses due to the epileptic power supply in their areas.

In a statement posted on its X handle, NISO disclosed that average available generation on the national grid currently stands at about 4,300 megawatts (MW), with the low output primarily attributed to gas supply constraints.

The system operator noted that thermal power plants, which account for the dominant share of Nigeria’s electricity generation mix, require an estimated 1,629.75 million standard cubic feet (MMSCF) of gas per day to operate at optimal capacity. However, as of February 23, 2026, actual gas supply to the plants was approximately 692.00 MMSCF per day.

The available supply represents less than 43 per cent of the daily gas requirement, resulting in constrained generation output and reduced electricity allocation to Distribution Companies (DisCos).

NISO, which independently manages the nation’s electricity grid, explained that any disruption or limitation in gas supply directly affects available generation capacity and overall grid output, given the heavy reliance on thermal plants.

It added that when total system generation drops significantly, the operator is compelled to implement load shedding across the network while dispatching available energy in line with allocation percentages approved under the Multi-Year Tariff Order (MYTO) framework of the Nigerian Electricity Regulatory Commission (NERC), to maintain grid stability and prevent system disturbances.

While expressing regret over the inconvenience to electricity consumers and market participants, NISO said it is working closely with relevant stakeholders to restore full energy allocation once gas supply improves and generation capacity returns to normal levels.

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EFCC Re-Arraigns ex-AGF Malami, Wife, Son Over Alleged Money Laundering

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re-arraign ex agf malami.jpg

By Adedapo Adesanya

The Economic and Financial Crimes Commission (EFCC) has re-arraigned former Attorney-General of the Federation (AGF), Mr Abubakar Malami (SAN), his wife, Mrs Asabe Bashir, and son, Mr Abdulaziz Malami, on money laundering charges.

They were brought before Justice Joyce Abdulmalik of the Federal High Court in Abuja, following the re-assignment of the case to the new trial judge.

Upon resumed hearing, EFCC’s lawyer, Mr Jibrin Okutepa (SAN), informed the court that the matter was scheduled for defendants’ re-arraignment.

“The matter is coming before your lordship this morning for the very first time. I will be applying for the plea of the defendants to be taken,” he said.

Mr Okutepa equally applied that the sums listed in Counts 11 and 12 be corrected to read N325 million instead of N325 billion for Count 11, and N120 million instead of N120 billion for Count 12.

When it was not opposed by the defence lawyer, Mr Joseph Daudu (SAN), Justice Abdulmalik granted the oral application by Mr Okutepa.

The defendants, however, pleaded not guilty to the 16 counts preferred against them by the anti-graft agency bordering on money laundering.

Justice Obiora Egwuatu had, on February 12, withdrawn from the case shortly after the civil case filed by the EFCC was brought to him.

The case was formerly before Justice Emeka Nwite, who sat as a vacation judge during the Christmas/New Year break.

After the vacation period, the CJ reassigned the cases to Justice Egwuatu, who had now recused himself, before it was reassigned to Justice Abdulmalik.

The former AGF, his wife, and son were earlier arraigned before Justice Nwite on December 30, 2025.

While Malami and his son were remanded at Kuje Correctional Centre, Asabe was remanded at Suleja Correctional Centre before they were admitted to N500 million bail each, on January 7, with two sureties each in the like sum.

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INEC Shifts 2027 Presidential, N’Assembly Elections to January 16

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INEC

By Adedapo Adesanya

Nigeria will hold next year’s presidential and National Assembly elections a month earlier than planned, after the Independent National Electoral Commission (INEC) revised the polling schedule.

The elections will be held on January 16, instead of the previously announced date of February 20, INEC said in an X post, signed by Mr Mohammed Kudu Haruna, National Commissioner and Chairman, Information and Voter Education Committee.

There were also changes to the Governorship and State Houses of Assembly elections initially fixed for Saturday, March 6 2027, in line with the Electoral Act, 2022, have now been moved to Saturday, February 6, 2027.

The electoral commission said the changes were caused by the enactment of the Electoral Act, 2026 and the repeal of the Electoral Act, 2022, which introduced adjustments to statutory timelines governing pre-election and electoral activities.

“The Commission reviewed and realigned the schedule to ensure compliance with the new legal framework,” it said.

INEC said party primaries (including resolution of disputes) will commence on April 23, 2026 and end on May 30, 2026, after which Presidential and National Assembly campaigns will begin on August 19, 2026, while Governorship and State Houses of Assembly campaigns will begin on September 9, 2026.

It noted that campaigns will end 24 hours before Election Day, and political parties have been advised to strictly adhere to the timelines.

INEC also stated it will enforce compliance with the law.

The electoral body also rescheduled the Osun Governorship election which was earlier scheduled for Saturday, August 8 2026, by a week to Saturday, August 15, 2026.

INEC noted that some activities regarding the Ekiti and Osun governorship elections have already been conducted, and the remaining activities will be implemented in accordance with the Electoral Act, 2026.

Speaking at a news briefing in Abuja two weeks ago, the chairman of INEC, Mr Joash Amupitan, expressed the readiness of the commission to conduct the polls next year.

The timetable issued by the organisation for the polls at the time came when the federal parliament had yet to transmit the amended electoral bill to President Bola Tinubu for assent.

Later that week, the Senate passed the electoral bill, reducing the notice of elections from 360 days to 180 days, while the transmission of results was mandated with a proviso.

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