General
States Begin Financial Autonomy for Legislature, Judiciary This Week
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.
By Adedapo Adesanya
The Lagos State Government has declared Thursday, August 20, as a work-free day for public servants, political appointees and others to mark the 2026 Ìṣẹ̀ṣe Day.
The event is expected to be the largest single gathering of traditional worshippers anywhere in the world, with over three million residents expected to join the celebrations.
The Special Adviser to the Governor on Tourism, Arts and Culture, Mr Idris Aregbe, in a statement signed personally on Wednesday, described the day as one that is bigger than a holiday on a calendar.
“Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said, noting that the Yorubas are one of Africa’s largest ethnic nations with more than 55 million people globally, holding tenaciously to the Yoruba culture and inculcating it in their children.
Adhering to culture and tradition over the years has sustained the Ìṣẹ̀ṣe festivals in Cuba, Brazil, and the Caribbean, where many Yorubas live aside from Africa to this day.
“When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Mr Aregbe said.
Ìṣẹ̀ṣe Day marks the culmination of a full week of traditional activities, and has been observed as a work-free day in Lagos since 2023, following a request from the Lagos State Council of Obas and Chiefs.
Governor Babajide Sanwo-Olu has upheld it every year, in line with the administration’s commitment to indigenous values and religious inclusiveness.
Mr Aregbe expressed profound appreciation to Sanwo-Olu for his courageous support for a noble cause, and reserved special honour for the traditional institution.
“We thank Mr Babajide Olusola Sanwo-Olu. It takes real conviction for a leader to stand publicly with heritage, and he has done so without hesitation and without apology. We also bow to Kábíyèsí, the Oba of Lagos, Oba Rilwan Akiolu I, foremost custodian of Lagos culture, to all our royal fathers, our revered White Cap Chiefs, our Babaláwo and Ìyánífá, our Olóòrìṣà and every custodian and promoter who kept these rites alive when it was neither fashionable nor convenient. Governments come and go. Custodians carry the culture,” he said.
This year’s celebrations will feature prayers, rituals, processions, drumming and cultural displays dedicated to the Òrìṣà, coordinated by the Association of African Traditional Religion Nigeria and Overseas (AATREN).
Mr Aregbe urged all participants to celebrate peacefully and respectfully.
“Three million voices rising in honour of tradition is not noise. It is history, faith and cultural pride in harmony. Whether you worship in a mosque, a church or a grove, Ìṣẹ̀ṣe Day belongs to you, because heritage has no denomination. Lagos remains the city where every heritage finds its place.”
By Modupe Gbadeyanka
Two persons have been convicted and sentenced by Justice A. Aluko of the Federal High Court, Ikoyi, Lagos, for illegal Naira trading.
The judge found the duo of Ms Mutairu Omowunmi Tawa and Ms Faith Chukwujeku guilty and sentenced them to six months’ imprisonment with an option of a N50,000 fine each.
Their sentencing on Tuesday, August 18, 2026, followed their arraignment by the Economic and Financial Crimes Commission (EFCC) on one-count charge each bordering on unlawful trading of Naira notes.
“That you, Mutairu Omowunmi female, on or about July 25, 2026, at Salamagic Event Centre, Onikan, Lagos, within the jurisdiction of this court, did sell and trade in the sum of N850,000 and thereby committed an offence contrary to Section 21(4) of the Central Bank Nigeria, Act 2007, as amended and punishable under Section 21(10) of the same Act,” the charge against Ms Mutairu read.
“That you, Faith Chukwujeku on July 25, 2026, in Lagos within the jurisdiction of this court engaged in hawking the sum of N1.3 million in N200 note denomination issued by the Central Bank of Nigeria (CBN) and thereby committed an offence contrary to and punishable under Section 21(4) of the Central Bank of Nigeria (Establishment) Act, 2007,” the charge against Chukwujeku read.
They pleaded guilty when the charges were read to them.
Following their guilty pleas, the prosecution counsel, Mr Fanen Anum, reviewed the facts of the cases and urged the court to convict and sentence them accordingly.
He further urged the court to order the forfeiture of the exhibits recovered from the convicts to the federal government, being the instruments used in committing the crime.
By Adedapo Adesanya
Campaigns for Nigeria’s 2027 presidential election officially kicked off on Wednesday, August 19, 2026, setting the stage for a closely watched contest in which President Bola Tinubu is seeking a second term amid widespread economic hardship and insecurity.
President Tinubu, who is seeking re-election on the platform of the ruling All Progressives Congress (APC), faces a divided opposition led by former Vice President, Mr Atiku Abubakar of the African Democratic Congress (ADC) and Mr Peter Obi, who is running under the Nigeria Democratic Congress (NDC).
The presidential election is scheduled for January 16, 2027, alongside elections for the National Assembly. Governorship and state assembly elections will follow on February 6.
The campaign season is expected to be a test for Mr Tinubu’s administration over its record since taking office in May 2023, particularly the impact of its economic reforms and its handling of insecurity.
Upon his assumption of office, the President scrapped the petrol subsidy and subsequently introduced major foreign exchange reforms and policies that the government says have improved fiscal stability and restored investor confidence.
However, the reforms triggered a sharp rise in the cost of living, with many households struggling with higher food, transport and other living costs.
Reuters reported that nearly 80 per cent of Nigerians surveyed by risk advisory firm SBM Intelligence believe the country is heading in the wrong direction, with economic hardship and insecurity among their main concerns.
Security is also expected to feature prominently in the campaign, as killings, kidnappings and other forms of violence continue to affect parts of the country despite government claims that military operations have improved security in some areas.
Tinubu’s re-election bid will also be tested by the performance of the APC, which has been in power nationally since 2015. The opposition is expected to campaign on the argument that more than a decade of APC rule has failed to deliver sufficient improvements in living standards and security.
Analysts told Business Post that despite voter dissatisfaction, the president retains a significant political advantage from the opposition’s fragmentation. Several prominent opposition figures remain divided, while the APC has strengthened its political base through defections from opposition parties. Thirty-one of Nigeria’s 36 state governors are currently members of the ruling party.
The 2027 elections are, therefore, expected to be shaped by the competing narratives of Mr Tinubu’s reform agenda and the opposition’s criticism of the economic and security conditions facing Nigerians.
For the President, the campaign will provide an opportunity to convince voters that the hardship associated with his reforms will translate into improved living standards, while his challengers will seek to turn widespread dissatisfaction into a unified anti-incumbent vote.
