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President Tinubu Presents N58.18trn ‘Budget of Consolidation’, declares armed gangs terrorists

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…revenues set at N34.33trn, capital spend hits N26.08trn

…as President promises tougher discipline, security overhaul and job-rich growth

By Gloria Ikibah

President Bola Ahmed Tinubu on Friday laid before a joint sitting of the National Assembly a N58.18 trillion 2026 Appropriation Bill, pitching it as a turning point from painful reforms to improved living standards, while unveiling a sweeping new security doctrine that classifies all armed groups operating outside state authority as terrorists.

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Presenting what he titled the “Budget of Consolidation, Renewed Resilience and Shared Prosperity”, the President said the proposal was designed to lock in macroeconomic stability, deepen competitiveness and ensure growth delivers “decent jobs, rising incomes, and a better quality of life across our Federation”.

He acknowledged the strain that reforms had placed on households and businesses.

Tinubu said: “This is a defining moment in our national journey of reform and transformation. Over the last two and a half years, we made a deliberate choice: to confront long‑standing structural weaknesses, stabilise our economy, rebuild confidence, and lay a durable foundation for a more resilient, inclusive, and dynamic Nigeria.

“These reforms were necessary — and they have not been painless. Families and businesses have faced pressure; established systems have been disrupted; and budget execution has been tested. I acknowledge these difficulties plainly, and I assure Nigerians that their sacrifices are not in vain. The path of reform is seldom smooth, but it is the surest route to lasting stability and shared prosperity”.

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President Tinubu anchored the budget on what he described as early signs of stabilisation. He cited 3.98 per cent GDP growth in the third quarter of 2025, eight consecutive months of easing inflation, down to 14.45 per cent in November from 24.23 per cent in March, rising oil output, stronger non-oil revenues and foreign reserves at a seven-year high of about $47 billion.

“With stabilising food and energy prices, tighter monetary conditions, and improving supply responses, we expect the disinflationary trend to persist—so that inflation continues to decline further over the 2026 horizon, barring major supply shocks.

“Oil production has improved, supported by enhanced security, technology deployment, and sector reforms.

“Non‑oil revenues have expanded significantly through better tax administration —not excessive taxation.

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“Investor confidence is returning, reflected in capital inflows, renewed project financing, and stronger private‑sector participation.

“Our external reserves rose to a 7‑year high of about US$47 billion as at 14 November 2025, providing more than 10 months of import cover and a stronger buffer against shocks.

“These outcomes are not accidental. They reflect difficult but deliberate policy choices. Our task now is to consolidate these gains—so that stability becomes prosperity, and prosperity becomes shared prosperity,” he said.

Reviewing 2025 budget performance, the President admitted execution pressures during the transition, with N18.6 trillion in revenue (61 per cent of target) and N24.66 trillion in spending (60 per cent) by the third quarter. Capital releases lagged as government prioritised completion of 2024 projects.

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“Let me be clear: 2026 will be a year of stronger discipline in budget execution. I have issued directives to the Honourable Minister of Finance and Coordinating Minister of the Economy, the Honourable Minister of Budget and Economic Planning, the Accountant‑General of the Federation, and the Director‑General of the Budget Office of the Federation to ensure that the 2026 Budget is implemented strictly in line with the appropriated details and timelines.

“We expect improved revenue performance through the new National Tax Acts and the ongoing reforms in the oil and gas sector—reforms designed not merely to raise revenue, but to drive transparency, efficiency, fairness, and long‑term value in our fiscal architecture.

“I will also be unequivocal about Government‑Owned Enterprises. Heads of all GOEs are hereby directed to meet their assigned revenue targets. To support this, we will deploy end‑to‑end digitisation of revenue mobilisation—standardised e‑collections, interoperable payment rails, automated reconciliation, data‑driven risk profiling, and real‑time performance dashboards—so leakages are sealed, compliance is verifiable, and remittances are prompt.

“These targets will form core components of performance evaluations and institutional scorecards. Nigeria can no longer afford leakages, inefficiencies, or underperformance in strategic agencies. Every institution must play its part”, he warned.

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Under the proposal, expected revenue stands at N34.33 trillion against projected expenditure of N58.18 trillion, including N15.52 trillion for debt service.

Capital spending rises to N26.08 trillion, while the deficit of N23.85 trillion represents 4.28 per cent of GDP. The framework assumes oil at $64.85 a barrel, output of 1.84 million barrels a day and an exchange rate of N1,400 to the dollar.

“These numbers are not just accounting lines. They are a statement of national priorities. We remain firmly committed to fiscal sustainability, debt transparency, and value‑for‑money spending”, he noted.

The budget allocates N5.41 trillion to defence and security, alongside N3.56 trillion for infrastructure, N3.52 trillion for education and N2.48 trillion for health. But it was Tinubu’s security declaration that drew the sharpest lines.

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He announced a new national counterterrorism doctrine anchored on unified command and intelligence, listing bandits, militias, armed gangs, kidnappers and their financiers, facilitators and protectors, including political and community leaders, as falling under the designation.

“Security remains the foundation of development. The 2026 Budget strengthens support for: modernisation of the Armed Forces; intelligence‑driven policing and joint operations; border security and technology‑enabled surveillance; and community‑based peacebuilding and conflict prevention.

“We will invest in security with clear accountability for outcomes—because security spending must deliver security results. To secure our country, our priority will remain on increasing the fighting capability of our armed forces and other security agencies by boosting personnel and procuring cutting-edge platforms and other hardware.

“We are also pursuing a new era of criminal justice system to stamp out terrorism, banditry, kidnapping for ransom and other violent crimes. Our administration is resetting the national security architecture and establishing a new national counterterrorism doctrine—a holistic redesign anchored on unified command, intelligence, community stability, and counter-insurgency.

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“This new doctrine will fundamentally change how we confront terrorism and other violent crimes that have become existential threats to our corporate survival and have heightened anxiety among our people.

“To secure our country, our priority will remain on increasing the fighting capability of our armed forces and other security agencies.

“Henceforth, and under this new architecture, any armed group or gun-wielding non-state actors operating outside state authority will be regarded as terrorists,” the President declared.

On human capital, Tinubu said education and health spending would be strengthened, highlighting support for over 418,000 students through the Nigerian Education Loan Fund and noting that healthcare investment accounts for six per cent of the budget net of liabilities. He also announced more than $500 million in anticipated US grant funding for targeted health interventions.

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Agriculture and food security feature prominently, with funding for mechanisation, irrigation, storage and agro-value chains.

“Food security is national security,” he said, arguing the measures would cut post-harvest losses and raise smallholder incomes.

“The greatest budget is not the one we announce. It is the one we deliver,” Tinubu concluded, setting out commitments to better revenue mobilisation, sharper spending priorities and tougher accountability.

Laying the bill before lawmakers, he appealed for unity between the Executive and Legislature.

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“I commend the understanding, sacrifice, and resilience of our people. My administration remains committed to easing the burdens of transition and ensuring that the benefits of reform reach households and communities across the Federation.

“With unity of purpose between the Executive and the Legislature—and with the resilience of the Nigerian people—we will deliver the full promise of the Renewed Hope Agenda.,” he said.

As debate begins, the essence of the 2026 budget is clear: consolidate hard-won stability, spend big on capital and security, enforce discipline across government, and convert recovery into gains Nigerians can feel. Whether that promise is realised will depend not on rhetoric, but on execution.

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Southern Parkway Service Lanes to End Gridlock, Transform Abuja’s Southern Corridor, Tinubu Assures

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President Bola Ahmed Tinubu has assured residents of Abuja that the construction of the two service carriageways of the Southern Parkway will significantly ease traffic congestion, improve connectivity and accelerate development across the southern districts of the Federal Capital Territory (FCT).

Represented by the National Chairman of the All Progressives Congress (APC), Prof. Nentawe Yilwatda, at the official flag-off of the project in Gaduwa District, Abuja, on Tuesday, the President described the initiative as a critical component of his administration’s infrastructure renewal programme and the implementation of the Renewed Hope Agenda.

According to him, “the Southern Parkway remains one of the most strategic corridors in the Abuja Master Plan, linking several districts across the southern axis of the capital city.”

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“The Southern Parkway is a major route of the Southern Development Corridor. It starts from the Inner Southern Expressway in Phase One and terminates at the same corridor in Phase Four. When fully developed, it will enhance vehicular traffic circulation within the southern part of the city and provide vital inter-district connections across the Federal Capital Territory,” he said.

Tinubu noted that while the main carriageway, now known as the Bola Ahmed Tinubu Way, had already been completed and commissioned by the administration, the service lanes were necessary to complete the original vision for the corridor.

“These service carriageways are not a luxury. They are designed to ease access and improve mobility for our people. Residents of Durumi, Gudu, Gaduwa and the mass housing estates in Phase Two face heavy traffic congestion daily. When these service lanes are completed, travel time will reduce, businesses will save money and families will spend less time on the road. That is the dividend of democracy and the Renewed Hope Nigerians can see and feel,” he stated.

The President said the project formed part of a broader infrastructure revolution being pursued by his administration, citing completed and ongoing projects across the FCT, including the Arterial Road N20, now named Professor Wole Soyinka Way, the N16 Interchange linking Jahi and Gwarimpa, and road networks in Kuje, Gwagwalada and Mabushi.

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He commended the Minister of the Federal Capital Territory, Nyesom Wike, for what he described as exceptional leadership and commitment to delivering infrastructure projects.

“Mr. Wike, you have truly earned the name ‘Mr. Projects.’ Since assuming office, you have revived abandoned projects, set clear targets and delivered them in record time. You have brought discipline, vision and political will to the administration of the FCT. Nigerians are seeing the transformation and feeling its impact,” he said.

Tinubu also lauded the Minister of State for FCT, Dr. Mariya Mahmoud, and the entire FCT Administration for maintaining quality standards and ensuring effective project supervision.

Addressing residents of affected communities, the President appealed for patience during the construction period, acknowledging that diversions, traffic delays and temporary inconveniences would accompany the works.

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“To the contractor, CGC Nigeria Limited, we expect speed but we demand quality. Employ our youths, train our artisans and ensure this project becomes a source of jobs and skills acquisition for Nigerians,” he added.

Earlier, FCT Minister Nyesom , Barr. Wike dismissed concerns that infrastructure development in the territory could slow down because of the approaching election season, insisting that the administration remained focused on completing ongoing projects.

“Today is our 10th day of commissioning projects, but some people have asked whether projects will now be abandoned because elections are approaching. The answer is no. Elections or no elections, we must continue implementing the directive of Mr. President to transform the Federal Capital Territory,” Wike said.

The minister expressed confidence that Abuja’s landscape would be significantly transformed before the end of Tinubu’s first term in office.

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“By the time Mr. President finishes his first tenure on May 29, 2027, before he is sworn in for a second tenure, the landscape of Abuja would have entirely changed, by the grace of God,” he declared.

Wike disclosed that he had personally engaged the management of CGC Nigeria Limited on the project timeline and received assurances that the contractor would work round the clock to deliver the project, provided government fulfilled its funding obligations.

“I want this road commissioned before we go into the elections in January 2027. I assure CGC Nigeria Limited that the FCT Administration will not fail in its obligation to pay for the work done. We have confidence in your capacity because this is not the first challenging project you have successfully delivered,” he said.

The minister also issued a stern warning against illegal developments and land grabbing along the project corridor, directing officials of the Development Control Department and Lands Department to identify and remove structures erected on lands not legally allocated.

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“Those who have forged documents and encroached on government land should know that it will not work. Any illegal structure along the corridor will be removed. We must protect the integrity of the Abuja Master Plan,” he warned.

In his technical presentation, Acting Executive Secretary of the Federal Capital Development Authority (FCDA), Engr. Richard Yunana Dauda, explained that the contract for the construction of the two service carriageways was awarded to CGC Nigeria Limited in May 2026 and that the contractor had already mobilised to site.

He said the project covers approximately three kilometres of dual service roads, construction of two river bridges, drainage facilities, culverts and street lighting infrastructure.

According to Dauda, the Southern Parkway serves as the vehicular spine of the Southern Development Corridor and will provide seamless inter-district connectivity from the Central Area to Phase Four districts of the city.

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“When completed, the project will significantly reduce the heavy traffic congestion currently experienced on roads such as Shehu Yar’Adua Way, Oladipo Diya Way and other connecting routes serving Durumi, Gudu, Gaduwa and Duboyi districts,” he said.

Delivering the vote of thanks, Acting Head of Service of the FCT Administration, Mrs. Nancy Sabanti Nathan, expressed appreciation to President Tinubu for approving the project and to stakeholders whose support made the initiative possible.

She described the project as a critical intervention that would ease traffic congestion, improve transportation efficiency and stimulate economic activities in the affected districts.

Nathan also urged the contractor to maintain the highest standards of quality and safety while adhering strictly to the agreed delivery timelines.

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The Southern Parkway service carriageways project is expected to further open up the southern development corridor of Abuja, improve access to emerging residential districts and strengthen the capital city’s transportation infrastructure as part of the Federal Government’s urban renewal drive.

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Teenage girl allegedly stabbed parents to de@th, stabbed family dog, sent crime scene photos to friends

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A 15-year-old girl from Groningen in the Netherlands was arrested after her parents, Johan and Mathilda, both 53, were found f@tally stabbed last Thursday, June 18, Dutch outlet Algemeen Dagblad reported.

The family’s pet golden retriever also suffered stab wounds in the rampage, the Sun reported.

The dog’s condition is unclear.

The girl took images of her slain parents and then shared the disturbing photos with her friends on WhatsApp after the bloody attack, the Telegraaf reported.

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“You could see both of her parents lying on the ground with their eyes open. Her father was lying on the floor, and her mother was on the bed. There was blood visible and a knife,” one student told the outlet in Dutch.

Local police declined to comment further on the images, but encouraged people to never distribute such images online and report them to the police, the reports said.

The girl reportedly struggled with her identity and often pretended to be a dog, crawling around and barking on all fours with other friends in school corridors.

“She wore a tail, dog ears, and gloves,” another classmate told the outlet. “And sometimes she would make barking sounds.”

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Johan and Mathilda’s relatives said in a statement obtained by Algemeen Dagblad that they “can hardly comprehend” the murd£rs.

‘We hope that everyone understands that we are deeply affected by the tragic events surrounding the passing of Johan and Mathilda from Meerstad,” family and friends said in a statement through an aid organization.

“But the support and sympathy we have received from many do us good and are heartwarming.”

An investigation into the slayings remains ongoing.

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OGTV broadcaster: Police recover stolen Lexus RX300 as CP vows “no stone unturned” in murder probe

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Ogun State Police Command says it has recovered the Lexus RX300 stolen from the home of slain ex-OGTV broadcaster Mrs Kitan Oyesiku and her security guard in Iyana Agodo Village, Owode-Egba.

The recovery happened during night operations, the command confirmed Monday.

—CP walks the scene himself—

Commissioner of Police Bode Ojajuni visited the crime scene for an on-the-spot assessment. He inspected the premises and got briefings from detectives handling the case.

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“CP Ojajuni reiterated the Command’s resolve to leave no stone unturned in unraveling the circumstances surrounding the incident and ensuring that those responsible are identified, apprehended, and brought to justice,” Police PPRO Oluseyi Babaseyi said in a statement.

The visit, according to police, was to evaluate progress in the investigation into the double murder that has rattled the Owode-Egba community.

—What happened that night—

PUNCH Online had reported that a resident raised the alarm over suspicious movements around Oyesiku’s residence. When operatives arrived, they found signs of forced entry.

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Inside, the security guard was found dead at his post. Oyesiku’s body was later discovered inside the apartment. Her Lexus RX300 was missing.

Police now say the vehicle has been secured and will serve as key evidence. “It is worthy of note that the vehicle earlier reported missing from the residence, a Lexus RX300, has been recovered by police operatives during the night hours,” Babaseyi confirmed.

—“Intensive investigation ongoing”–

Ojajuni commiserated with Oyesiku’s family and assured Ogun residents that “all available resources are being deployed to track down the perpetrators.”

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For now, no arrests have been announced. But with the car recovered and the CP personally monitoring the case, police say they’re closing in.

Oyesiku, a retired broadcaster with Ogun State Television, was remembered by colleagues as a calm voice on air. Her death, alongside her guard’s, has renewed calls for better security for elderly residents living alone in semi-urban areas. [The Punch report rewritten]

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