Twenty-six of the 34 Nigerian states reviewed by BudgIT relied heavily on allocations from the Federation Account in 2025, as their internally generated revenue (IGR) was insufficient to cover personnel costs. The finding was contained in BudgIT’s report titled Nigeria’s Economic Reforms: What Has Changed Across Nigeria’s States? An Analysis of State Finances in the…
By Seun Ibiyemi Electricity consumers across Nigeria failed to pay N48.85 billion in electricity bills in June 2026, according to commercial performance data released by the Nigerian Electricity Regulatory Commission (NERC). The 11 distribution companies (DisCos) billed customers N240.71 billion for electricity consumed during the month but collected only N191.86 billion, leaving a substantial gap…
Former Vice President and African Democratic Congress (ADC) chieftain, Atiku Abubakar, has cited United States President Donald Trump’s support for domestic energy production and refining as backing for his proposal to reintroduce a targeted production subsidy in Nigeria. Atiku made the remarks in a statement issued by his Senior Special Assistant on Public Communication, Phrank…
By Seun Ibiyemi The Nigeria Customs Service Board (NCSB) has confirmed the appointment of one Deputy Comptroller-General of Customs and five Assistant Comptroller-Generals of Customs, while reviewing the Service’s N4.30 trillion revenue collection as of June 2026. The decisions were taken at the Board’s 65th Regular Meeting held on September 2, 2026, and chaired by…
By Seun Ibiyemi The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Ahmed Tinubu to order an immediate investigation into more than ₦78.8 billion in public funds linked to Nigeria’s national cash-transfer programme and other social protection activities. SERAP made the demand in a letter dated September 5, 2026, signed by its…
By Seun Ibiyemi The Managing Director of Parts Central Limited, Henry Olaoluwa Onifade, has called for the conversion of plastic waste, water hyacinth and other marine litter into economic wealth through recycling, biofuels and other value-added processes. Onifade made the call in Lagos while interacting with maritime journalists during activities marking his birthday, where he…
By Seun Ibiyemi The Federal Government is targeting the creation of more than 30,000 direct and indirect jobs through the disbursement of the Cabotage Vessel Financing Fund (CVFF), as the Nigerian Maritime Administration and Safety Agency (NIMASA) processes applications from Nigerian shipowners. The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, disclosed this in…
By Seun Ibiyemi The Lagos State Government has donated two operational vehicles to the Nigerian Railway Corporation (NRC) to strengthen security operations and protect railway infrastructure and other critical national assets. The vehicles, provided through the Lagos State Security Trust Fund (LSSTF), were formally presented to the Managing Director and Chief Executive Officer of the…
Nigerians spent an estimated N11.3tn on Premium Motor Spirit (PMS), popularly known as petrol, between January and July 2026, despite a significant decline in the volume consumed nationwide. Data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that approximately 10.37 billion litres of petrol entered the domestic market during the seven-month period….
The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has challenged the Presidency to address questions surrounding the reported forfeiture of $460,000 by President Bola Tinubu in the United States. Atiku’s response followed criticism from the Presidency over his engagement of a US lobbying firm for $1.2 million to promote his interests and…
