Tag: Federal Government

5,091 killed in 3 months, as FG intensifies push for state police

Aminu Imam
FG push for state police

Nigeria’s worsening security crisis has intensified the push for state police, with fresh data showing that more than 5,000 people lost their lives in violent attacks across the country during the second quarter of 2026. A report released by SBM Intelligence on Monday revealed that 5,091 people were killed between April and June in incidents linked to terrorism, insurgency, armed robbery, kidnappings and communal violence. The report identified Borno State as the worst-hit, recording 1,355 deaths, while 304 security personnel were among those killed nationwide during the period.Africans & Diaspora…

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‘FG earned ₦24tr from crude exports in 6 months’ – CBN

Aminu Imam
FG on crude exports

…As refiners kept waiting Nigeria’s crude oil exports generated an estimated ₦24.02 trillion in the first six months of 2026, reinforcing the country’s dependence on crude sales for foreign exchange even as domestic refiners continued to complain about inadequate feedstock. An analysis of production and export data compiled from the Central Bank of Nigeria (CBN) shows that the country exported about 182.2 million barrels of crude between January and June. Using the average monthly price of Bonny Light crude and an exchange rate of ₦1,365 to the dollar, those exports…

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“I didn’t create PFIPC alone” – Fake agency DG

Aminu Imam
PFIPC DG points finger at SGF, CBN, others

…Points finger at SGF Office, CBN, others The self-acclaimed Director-General of the controversial Presidential Foreign Investment Promotion Council (PFIPC), Adeniyi Adeyemi, has pushed back against allegations that he single-handedly created the disputed agency, alleging that several ministries, departments and agencies (MDAs) of the Federal Government processed, recognised or interacted with the Council. Recall that Adeyemi, who is currently in police custody, made the claims in a statement issued on Sunday through his legal defence team and signed by Festus Akhigbe, while also demanding an opportunity to appear before the House…

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“We’re ready to negotiate with FG” – B’Haram tells families of 50 abductees

Aminu Imam
B'Haram ready to negotiate

Suspected Boko Haram terrorists have reportedly called on the Federal Government to negotiate the release of more than 50 abducted residents in Borno State through a journalist they selected as a mediator. The development came as the Defence Headquarters (DHQ) assured Nigerians that the 42 pupils abducted from Mussa Primary and Junior Secondary School in Askira Uba local government area of Borno State on May 15 had not been forgotten, assuring that troops were working tirelessly to secure their safe release. It was gathered that 13 of the victims, including…

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FG denies electricity subsidy removal, promises improved power supply

Aminu Imam
FG denies electricity subsidy removal

The Federal Government has dismissed reports that it has removed electricity subsidies or is planning to increase electricity tariffs, assuring Nigerians that support for vulnerable consumers will remain in place, while comprehensive reforms are implemented to improve power supply across the country. Speaking during an interactive session with newsmen in Lagos yesterday, the Minister of Power, Joseph Tegbe, clarified that the government had not abolished electricity subsidies, contrary to widespread speculation. “I did not say the subsidy is gone. We are addressing the issue, and by next year, we will…

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‘Nigeria’s debt securities rise to ₦175.46tr in 12 months’ – CBN

Aminu Imam
CBN on 9ja debt profile

Nigeria’s debt securities grew by 14.47% to ₦175.46 trillion in 2025, driven largely by increased Federal Government borrowing to finance budget deficits, according to the Central Bank of Nigeria (CBN). The apex bank, in its 2025 Annual Report, said the country’s debt securities expanded by ₦22.13 trillion, rising from ₦153.28 trillion in 2024 to N175.46 trillion at the end of 2025. It attributed the increase to higher government borrowing needs and investors’ growing preference for debt securities over conventional loans because of attractive yields. According to the report, while the…

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FG’s debt hits ₦12.62tr, exceeds 2024 borrowing target by ₦4.79tr

Aminu Imam
FG's new debt

The Federal Government exceeded its 2024 borrowing target by ₦4.79 trillion, raising ₦12.62 trillion in fresh debt against the budgeted ₦7.83 trillion, according to the ‘Budget Office’s Fourth Quarter and Consolidated Budget Implementation Report’. The report attributed the increased borrowing to a revenue shortfall that widened the fiscal deficit to ₦13.51 trillion, far above the approved ₦9.18 trillion. Government revenue stood at ₦20.98 trillion, missing the ₦25.88 trillion target by ₦4.90 trillion, while expenditure remained largely on track at ₦34.49 trillion, just ₦561.29 billion below budget. Domestic borrowing met its…

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‘FG budgets nearly ₦1tr for empowerment, SUVs amid rising borrowing pressure’ – Report

Aminu Imam
FG budgets for SUVs

The Federal Government has earmarked ₦962.83bn for the procurement of Sport Utility Vehicles and empowerment projects in the 2026 Appropriation Act, an amount that exceeds the combined allocations to seven key federal ministries, according to a review of the Budget by civic technology organisation, Tracka. In its analysis of the 2026 Federal Government budget, Tracka said the allocation comprised ₦15.13bn for the procurement of 39 SUVs and ₦947.70bn for 2,579 empowerment projects, bringing the total to ₦962.83bn. The civic organisation noted that the amount surpassed the combined N960.27bn appropriated to…

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‘FG spent ₦500m, $9m on image campaign, U.S lobbying to counter Christian persecution allegations’ – Report

Aminu Imam
FG on image campaign, U.S lobbying

…Nigeria chose PR over tackling insecurity” – U.S Senator The Federal Government spent ₦500 million in 2025 on an emergency strategic communications campaign to counter international allegations of Christian persecution in Nigeria, even as it separately secured a $9 million contract with a United States lobbying firm to influence U.S. policymakers on the country’s security and religious freedom record. Records on the Federal Government’s expenditure tracking platform, GovSpend, show that ₦500 million was released on December 19, 2025 to the Office of the Special Adviser to the President on Media…

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FG seeks fresh investors for Northern oil exploration, as 13 frontier blocks get no bids

Aminu Imam
FG on Northern oil exploration

Four years after the Federal Government announced a major oil discovery at Kolmani and pledged over $3 billion in investments, 13 oil blocks across the Chad Basin, Benue, Benin and Niger-Delta have failed to attract investors during the 2025 Licensing Round. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said only 37 of the 50 blocks offered received bids, while the remaining 13 would be returned to the licensing pool. Although the regulator described the exercise as successful, industry experts said investors deliberately avoided high-risk frontier basins in favour of producing…

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