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States Begin Financial Autonomy for Legislature, Judiciary This Week

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Buhari financial autonomy

By Modupe Gbadeyanka

The implementation of financial autonomy for the state legislature and judiciary would commence this week, the federal government has confirmed.

The Minister of Labour and Employment, Mr Chris Ngige, said the 36 state governors, after studying the document, agreed to implement the long-awaited policy from Monday, May 24, 2021.

This would be done as they get the allocation for May 2021 from the Federation Account Allocation Committee (FAAC) from tomorrow.

At a reconciliation meeting with the striking members of the Judiciary Staff Union of Nigeria (JUSUN) and Parliamentary Staff Association of Nigeria (PASAN), it was agreed that “the governments of the respective states shall credit the accounts of each state House of Assembly and each state judiciary with the pro-rata amount due each of the two arms of government under the 2021 Appropriation for each state in accordance with” an agreement signed on last Thursday.

It was further agreed that as soon as this is done, the striking legislative and judiciary workers will call off their prolonged strike.

According to a statement signed by the Deputy Director of Press and Public Relations at the Ministry of Labour and Employment, Mr Charles Akpan, it was agreed that “whenever there is a revenue shortfall, lower than the budgeted fund, the monthly allocations to each arm of government shall reflect a percentage of the appropriated sum or an irreducible minimum amount to be allocated every month for the purpose of meeting its costs whichever is higher. This percentage will reflect as 100 per cent in personnel cost. The running cost and capital cost will be pro-rata of revenue performance as per the state appropriation law.”

Under the new deal, “annually, upon the determination of budget ceilings or envelopes from the budget committee of the state, anchored by the budget office of the state headed by the Commissioner in-charge, each arm of government – executive, judiciary, legislature, acting through its own budget and/or funds management committee, shall prepare its budget estimates/details and submit same to the state house of assembly.”

It was also said that, “There shall also be established in each state a State Account Allocation Committee (SAAC) to be given legislative backing in the various fund management laws and charged with the responsibility to oversee the distribution of available resources to each arm of government, with membership to reflect the template of the FAAC.”

“Every state Commissioner of Finance and State Accountant General shall on a monthly basis furnish the committee with the revenue performance of the state within a stipulated timeline not exceeding seven days after each FAAC meeting.

“Based on the revenue receipt, evaluations and the needs of each arm, the committee shall work out an appropriate budget release based on the appropriation for each arm of government for that year,” it was also agreed.

In his remarks, the Minister described the signing of the document by all parties as historic and a fundamental kick-starting of restructuring being clamoured for by some Nigerians, acclaiming President Muhammadu Buhari for the unmatched political will.

“Perhaps, it will be pertinent to point out to those clamouring for restructuring that this is a fundamental restructuring of the Nigerian federation. This is a restructuring that has granted autonomy to the state judiciary and legislature.

“I am happy that we are part of this history-making and that we made this history in the life of the administration of President Muhammadu Buhari,” Mr Ngige said.

He praised the President for achieving this feat through the instrumentality of the fourth alteration that gave birth to Section 121 of the 1999 Constitution (as amended), the Presidential Executive Order 10 and the establishment of the implementation committee.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Tinubu in UAE for 2025 Abu Dhabi Sustainability Week

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Bola Tinubu 2027 presidential election

By Modupe Gbadeyanka

President Bola Tinubu on Saturday, January 11, 2025, left the shores of Nigeria for the United Arab Emirates to take part in the 2025 Abu Dhabi Sustainability Week (ADSW 2025).

He was accompanied by the Minister of Foreign Affairs, Mr Yusuf Tuggar, and other senior government officials.

A statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, disclosed that Mr Tinubu was invited for the event by his UAE counterpart, Mr Mohamed bin Zayed Al Nahyan.

He will attend the programme starting from today, Sunday, January 12 to Saturday, January 18, 2025.

However, President Tinubu is expected to return to Nigeria before the end of the summit on Thursday, January 16, 2025.

The event, themed The Nexus of Next; Supercharging Sustainable Progress, is expected to bring together global leaders to accelerate sustainable development and advance socioeconomic progress.

In addition, it will enable policymakers, business, and civil society leaders to explore pathways to fast-track the transformation to a sustainable economy and evolve a new era of prosperity for all.

ADSW, a testament to the power of collaboration, has been held annually for over 15 years. It provides a global platform to foster multi-stakeholder cooperation in addressing global challenges and accelerating growth.

It has birthed high-value agreements and strategic partnerships between governments, industry leaders, and clean energy pioneers worldwide, driving impactful alliances and advancing the sustainability agenda worldwide.

At the event, President Tinubu will stress his administration’s reforms, including those related to energy sufficiency, transportation, public health, and economic development.

The Nigerian leader and his entourage will also meet with the emirate’s leadership to discuss issues of interest affecting the two nations.

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Lagos Speaker Mudashiru Obasa Faces Renewed Scrutiny Over Financial Mismanagement

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By Dipo Olowookere

The Speaker of the Lagos State House of ​Assembly, Mr Mudashiru Obasa, remains at the centre of a storm of corruption allegations that have plagued his tenure.

Critics, anti-corruption groups, and opposition leaders have accused him of financial mismanagement, extravagant spending, and abuse of office, yet no substantive action has been taken against him.

Recent reports by People’s Gazette revealed that the 40-member Lagos State House of Assembly, under Mr Obasa’s leadership, spent over N43 billion on “back-up vehicles for honourable members” between January 2023 and the third quarter of 2024.

This expenditure, part of a larger N90.5 billion disbursed for questionable projects, has raised concerns among Lagos residents about the state’s priorities amid widespread economic hardship.

Budget documents showed the Assembly spent about N30.1 billion on vehicles in 2023 and about N13.3 billion in the first three quarters of 2024. Critics argued that these sums, which equate to roughly N1.1 billion per lawmaker, were frivolous.

Mr Obasa has faced allegations of corruptions since early in his tenure, including reports of owning over 60 bank accounts used to misappropriate public funds. In 2019, People’s Gazette reported that the lawmaker conducted suspicious foreign exchange transactions totaling $2.4 million (N1.1 billion). These funds were allegedly funneled through personal accounts and mutual fund investments.

In October 2020, the Economic and Financial Crimes Commission (EFCC) invited the Speaker for questioning over allegations of fraud. Despite evidence of financial impropriety, including allegations of inflated contracts and misappropriated Assembly funds, the EFCC has yet to take decisive action. Protests led by civil society groups like the Civil Society Network Against Corruption (CISNAC) demanding accountability have yielded little progress.

Mr Obasa has consistently denied these allegations. Speaking at a recent plenary, he dismissed claims of spending N17 billion on constructing a gate as “spurious and funny.”

He also refuted allegations of spending N200 million on a nonexistent thanksgiving service, attributing the accusations to political fear-mongering ahead of the 2027 elections.

However, critics have dismissed these defenses as self-serving. A 2020 House panel, composed of Mr Obasa’s allies, cleared him of wrongdoing—a decision labeled a “kangaroo judgment” by anti-corruption advocates.

Prominent anti-corruption campaigner, Mr Olanrewaju Suraju, has urged the EFCC to act on the mounting evidence against Mr Obasa, warning that his actions undermine legislative independence and public trust.

“These revelations justify the urgent need for mechanisms to enforce probity and accountability in public office,” Mr Suraju said.

Despite the scandals, Mr Obasa appears unperturbed and untouchable, with analysts attributing his survival to political connections and an entrenched culture of impunity.

As Lagos State prepares for the 2027 elections, the Speaker’s continued tenure symbolizes a broader challenge of corruption and governance in Nigeria’s political landscape.

Observers now await further developments as pressure mounts on anti-graft agencies to act decisively.

For Lagos residents, however, the scandals highlight a troubling disconnect between political leadership and the needs of the people.

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Nigeria Suffers First National Grid Collapse of 2025

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By Modupe Gbadeyanka

Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.

It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.

Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.

It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.

This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.

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