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Senate extends 2025 fiscal year to March 2026
The Senate has approved a revised ₦43.561 trillion 2024 Appropriation Act and a reworked 2025 budget framework, following the passage of the Appropriation (Repeal and Re-enactment) Bills.
The bills were considered at the Committee of Supply and plenary, and subsequently passed by voice vote. Senators described the exercise as a significant step toward restoring fiscal discipline and ensuring budget clarity.
The development followed a letter from Senate President Godswill Akpabio to the National Assembly on December 19, 2025, conveying President Bola Ahmed Tinubu’s request to repeal and re-enact aspects of the 2024 and 2025 Appropriation Acts in line with constitutional and legislative procedures.
Senator Olamilekan Adeola, APC, Ogun West, who presented the bills, explained that the revisions reflected current fiscal realities, revenue constraints, and emerging national priorities. The 2024 budget was increased from the original ₦35.005 trillion to ₦43.561 trillion, covering statutory transfers, debt servicing, recurrent expenditure, and capital projects.
For the 2025 fiscal year, the earlier ₦54.99 trillion Appropriation Act was replaced with a revised ₦48.316 trillion framework. The adjustment reflects the rollover of part of the 2025 capital allocation into the 2026 fiscal year due to funding constraints, ensuring improved budget effectiveness and debt sustainability.
Senator Adeola highlighted that ₦8.5 trillion was injected into the 2024 capital component to address security, humanitarian, and economic emergencies. In the 2025 budget, ₦6.674 trillion was deferred to 2026 to enhance implementation and revenue performance. He also cautioned against running multiple budget cycles concurrently, which undermines fiscal discipline and transparency.
Deputy Senate President, Senator Jibrin Barau, APC, Kano North, commended the committee for producing a high-quality report within a limited timeframe.
Senators Sani Musa, APC, Niger East, and Adetokunbo Abiru, APC, Lagos East, emphasized that the revised budgets captured critical infrastructure projects, including rail and road developments, and would improve coordination while safeguarding priority spending.
Chief Whip, Senator Tahir Monguno, APC, Borno North, described the passage as a welcome reform to prevent distortions caused by overlapping budgets.
A United States-based political advisory and lobbying firm, Von Batten-Montague-York, has warned that Washington cannot afford to allow any attempt to manipulate Nigeria’s 2027 general elections.
The firm made the statement in a post on its verified X account on Thursday, September 24, while raising fresh allegations about the administration of President Bola Tinubu.
Von Batten-Montague-York alleged that there was growing concern across Nigeria’s political divide over what it described as corruption within the federal government.
The firm also alleged that Tinubu appointed an individual as the minister responsible for the nation’s budget despite claims it attributed to the United States Department of Justice concerning the person’s alleged involvement in the embezzlement of billions of dollars from Nigeria’s treasury during a previous administration.
However, the firm did not provide further details or evidence in its latest post to substantiate the allegation.
On the 2027 election, the firm said the United States had a significant interest in ensuring that Nigeria conducts a credible and peaceful electoral process.
“The US cannot afford to allow President Tinubu to rig the upcoming Nigerian election,” the firm stated.
It further alleged that what it described as “lawlessness” in Nigeria could place the country on a trajectory similar to developments witnessed in Niger, Mali and Burkina Faso.
“Free and fair elections in Nigeria are essential to protecting US interests in Nigeria and the broader region,” it added.
Background
The latest statement is part of a series of interventions by Von Batten-Montague-York on Nigeria’s political affairs ahead of the 2027 elections.
Earlier this month, the firm alleged that the Tinubu administration was seeking to influence the 2027 presidential election through state institutions, including the Independent National Electoral Commission, the judiciary and law-enforcement agencies. The firm did not provide independently verified evidence for those claims in the statement cited at the time.
The firm’s political activities in Nigeria have also attracted attention because it was hired by former Vice-President Atiku Abubakar under a lobbying agreement filed with the US Department of Justice. TheCable reported in September that the contract was valued at $1.2 million for 12 months and was intended, among other objectives, to strengthen Atiku’s standing in Washington and counter narratives associated with the Nigerian government.
That background is relevant to the latest statement because it shows that the firm’s comments on Nigeria’s political environment come from an organisation that has been engaged in advocacy on behalf of a major political figure preparing for the 2027 contest.
The firm’s statement should therefore be distinguished from an official position of the US government. There is no indication in the cited report that Washington has announced a policy to intervene in Nigeria’s 2027 election or accused Tinubu of planning to rig the poll. The claims about election manipulation and corruption remain allegations made by Von Batten-Montague-York.
With Nigeria’s 2027 general elections approaching, electoral integrity, the independence of state institutions and the role of international partners are expected to remain major issues in the country’s political debate.
The Apo- Karshi road project was awarded in 2011, and abandoned for over a decade.
The FCT Minister, Nyesom Wike, was there a few minutes ago to see things for himself.
Four teenage passengers, all girls, have died after a boat conveying eight people capsized at Dudduru Pond, about three kilometres from Kwadige Village in Dutse Local Government Area of Jigawa State.
The incident occurred at about 4:00 pm on Wednesday, September 23, 2026, while the passengers were travelling from Kwadige Village to Chai Chai Sabuwa Market.
The Nigeria Security and Civil Defence Corps, NSCDC, Jigawa State Command, confirmed the incident in a statement issued on Thursday by its Public Relations Officer, ASC Badruddeen Tijjani Mahmud.
According to the NSCDC, preliminary information indicated that strong winds might have caused the boat to capsize.
The four victims were identified as 13-year-old Hasiya Mu’azu, 13-year-old Hauwa Lawan, 12-year-old Fatima Lawan and 13-year-old Dawsiyya Lawan.
The statement said, “Sadly, four passengers, all females, lost their lives in the incident, while the remaining four passengers were successfully rescued.”
The four survivors were rescued by farmers working around the pond when the incident occurred.
The NSCDC said the bodies of the four victims were later buried according to Islamic rites.
The State Commandant, CC Muhammad Ingawa, expressed condolences to the families of the deceased and the people of Kwadige over the tragedy.
He urged communities that depend on boats for transportation to exercise caution when travelling on waterways, particularly during strong winds and adverse weather conditions.
The Commandant also called on boat operators and passengers to observe basic water-safety measures and avoid travelling in conditions capable of putting lives at risk.
US Lobbying Firm Warns Against Alleged Attempt to Rig Nigeria’s 2027 Election
OF TEEJAY YUSUF, KOGI WEST SENATORIAL DISTRICT, AND RESPONSIVE SERVANTHOOD
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