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Tinubu arrives Nigeria from Abu-Dhabi endorses economic partnership deal with UAE
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President Bola Ahmed Tinubu has returned to Nigeria following his participation, alongside some members of his cabinet, in the 2026 Abu Dhabi Sustainability Week (ADSW2026) held in the United Arab Emirates.
During the high-level summit, Nigeria signed a Comprehensive Economic Partnership Agreement (CEPA) with the UAE, aimed at strengthening economic ties between both countries.
During the high-level summit, Nigeria signed a Comprehensive Economic Partnership Agreement (CEPA) with the UAE, aimed at strengthening economic ties between both countries.
The agreement is expected to deepen bilateral trade and investment, enhance technology transfer, and expand cooperation in critical sectors such as energy, infrastructure, agriculture, mining and renewable energy.
Speaking at the summit, President Tinubu announced that Nigeria and the UAE will jointly host an INVESTOPIA forum in Lagos in February.
The initiative is designed to attract global investors and showcase Nigeria’s investment opportunities.
The President also reaffirmed Nigeria’s commitment to climate action, disclosing that the country plans to mobilise up to 30 billion dollars annually in climate and green industrial financing.
He said the funds would support Nigeria’s ongoing energy transition reforms and efforts to expand electricity access nationwide.
The participation of Nigeria at ADSW2026 underscores the administration’s focus on sustainable development, foreign investment attraction and international economic partnerships.
The President has since returned to the country after concluding his official engagements in Abu Dhabi.
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IMF: Tinubu’s govt dismisses report on alleged missing N8trn
The Federal Government has rubbished claims that over ₦8 trillion was spent outside the 2025 budget, insisting that all public expenditures were made within Nigeria’s constitutional and legal framework.
In a statement issued on Sunday by Taiwo Oyedele, Minister of Finance, the government said reports alleging that about two percent of Nigeria’s Gross Domestic Product, GDP, estimated at over ₦8 trillion, was spent outside the approved budget were based on a misrepresentation of the International Monetary Fund’s, IMF, 2026 Article IV Consultation Report.
The ministry maintained that the Federal Government does not operate a “shadow budget” or spend public funds without legislative approval.
It explained that under Sections 80 to 83 and 162 of the 1999 Constitution, all public funds can only be withdrawn and spent in accordance with the Constitution and laws passed by the National Assembly. According to the ministry, government expenditure is undertaken through duly enacted Appropriation Acts, Supplementary Appropriation Acts and other statutory authorisations.
The ministry added that multi-year capital projects are implemented under existing laws and approved capital rollovers where applicable, stressing that such projects should not be interpreted as spending outside the budget.
It further argued that allegations of secret spending lacked evidence, saying anyone making such claims should identify specific projects allegedly executed without appropriation or legal authority.
“It is inaccurate to suggest that trillions of naira have been secretly spent outside legislative approval. Such allegations should have identified the specific projects purportedly executed without appropriation or legal authority and present credible evidence in support of the claim. To be meaningful, assertions of this magnitude must be supported by verifiable facts rather than conjecture,” Oyedele said.
The ministry also clarified that Nigeria’s public finance system includes statutory transfers, first-line charges and intervention mechanisms established by Acts of the National Assembly. These include statutory allocations to development commissions and agencies, revenue collection costs retained by designated agencies, separate capital budgets for some agencies and the Federal Capital Territory, special interventions for national priorities such as security and infrastructure, as well as debt servicing obligations.
According to the ministry, these expenditures are lawful, publicly disclosed and subject to oversight, audit and accountability mechanisms, although their presentation in fiscal reports may differ from their appearance in the annual Appropriation Act due to international reporting standards.
The government also rejected suggestions that the reported ₦8 trillion represented an increase in the country’s fiscal deficit, explaining that fiscal deficits are determined by the relationship between total government revenue and expenditure rather than the financing mechanism used for approved projects.
It stated that the IMF’s observations were primarily about the comprehensiveness, timing and presentation of fiscal reporting rather than the legality of government spending.
The ministry noted that President Bola Tinubu had already asked the National Assembly to harmonise multiple and overlapping budgets into a single framework while presenting the 2026 Appropriation Bill on December 19, 2025.
It added that the administration remained committed to prudent fiscal management, transparency and accountability, citing ongoing reforms in budget credibility, revenue administration, digitalisation of government financial processes and treasury management.
The statement urged Nigerians to base public debate on verified facts and an accurate understanding of the country’s fiscal framework, warning against misrepresenting technical observations as evidence of unlawful expenditure.
News
Xenophobic: Nigeria Slams Killing Of Two Citizens In South Africa
The Federal Government has slammed the killing of two Nigerian nationals in South Africa, accusing security operatives and criminal elements of targeting Nigerians amid rising xenophobic violence, and warning that it may be forced to activate “all options” if the attacks continue.
In a statement issued on Sunday by the spokesperson of the Ministry of Foreign Affairs, Kimiebi Ebienfa, the government demanded immediate investigations into the killings and the prosecution of those responsible, while expressing concern over what it described as an alarming pattern of extra-judicial killings and growing hostility towards Nigerians living in South Africa.
According to the ministry, one of the victims, Emeka Charles Iroegbu, was allegedly killed on June 28 in Sunnyside, Pretoria, by officers of the Tshwane Metro Police, who reportedly subjected him to what the government described as “gruesome interrogation techniques.”
The ministry said the same police officers were also allegedly responsible for the extra-judicial killing of another Nigerian, Nnaemeka Mathew Andrew Ekpenyong, on April 20, noting that despite the identities of the four officers being known to the South African Police Service, no arrests had been made.
It added that another Nigerian, Musa Yunana Joe, popularly known as “Big Joe,” was also shot dead in front of his shop on June 28 in Witbank, Mpumalanga, by yet-to-be-identified gunmen.
The government said the incidents occurred against the backdrop of increasing attacks on foreigners in South Africa, raising serious concerns about the safety of Nigerians and other foreign nationals.
It alleged that some individuals were deliberately portraying hardworking Nigerians as criminals in order to justify attacks against them.
“The continuing pattern of such terrible incidents is clearly evidence of complicity on the part of security operatives, especially officers of the Tshwane Metro Police, which raises the question of state responsibility under international law,” the statement said.
Nigeria also condemned recent comments reportedly made by a spokesperson of the South African Government, who allegedly asked Nigerians leaving South Africa because of ongoing xenophobic protests to disclose where illegal drugs were hidden.
The Ministry described the remarks as derogatory, unprofessional and capable of inciting hatred and violence against Nigerians.
It further criticised anti-immigrant groups, including March on March and Operation Dudula, accusing them of promoting violence and hate against fellow Africans and warning that their leaders could face regional and international criminal liability.
The Federal Government stressed that allegations of wrongdoing against any individual should be handled through lawful judicial processes rather than mob action or extra-judicial killings.
It called on South African authorities to urgently investigate the recent killings alongside other unresolved cases involving Nigerian victims and ensure that those responsible are prosecuted.
The government expressed sympathy to the families of the deceased and pledged to continue engaging South African authorities at the highest diplomatic level until justice is achieved.
It also advised Nigerians living in South Africa to remain calm, obey the law, stay vigilant, relocate to safer neighbourhoods where necessary, and avoid areas experiencing violent demonstrations while diplomatic efforts continue.
The ministry noted that numerous South African citizens and businesses operate freely and safely in Nigeria without harassment, arguing that South Africa has a reciprocal obligation to guarantee the safety of Nigerians legally residing in the country.
It warned that the continued targeting of Nigerians was unacceptable and stated that if the situation persisted, “all options remain on the table,” adding that some measures could be activated should what it described as “intolerance and apartheid-style behaviour” against foreigners continue.
The government, however, appealed to Nigerians at home to remain peaceful and refrain from retaliatory actions, reaffirming its commitment to dialogue and diplomacy in line with Nigeria’s foreign policy of African unity, brotherhood and solidarity.
The Ministry also disclosed that the evacuation of registered Nigerians from South Africa is ongoing.
News
Sad: Former Bauchi deputy governor loses two children in fatal accident
Former Deputy Governor of Bauchi State, Sen. Baba Tela, has lost two of his children in a fatal motor crash.
The tragic deaths of the two children, Mustapha and Ummi, occurred on Saturday when the car they were travelling in crashed along the Bauchi-Azare road on their way back to Bauchi from Azare, headquarters of Katagum LGA.
It was reported that the two died on the spot following the impact of the crash, and their corpses were moved to a hospital in Bauchi where the deaths were confirmed.
Meanwhile, Bauchi State Governor, Senator Bala Abdulkadir Mohammed, has expressed deep sorrow and heartfelt condolences over the tragedy that claimed the lives of the two children of his former deputy.
The Governor, on behalf of his family, the government, and the good people of Bauchi State in a statement signed by Mukhtar Gidado, Special Adviser, Media and Publicity to the Governor, extended his deepest condolences to Baba Tela over the tragic death of his beloved children, Mustapha and Ummi, who lost their lives in a ghastly motor accident along the Bauchi-Azare road while returning from Azare.
Bala Mohammed said he received the heartbreaking news with profound shock and sadness, describing the incident as a painful tragedy that has cast a shadow of grief over the entire state.
The Governor also said the loss of two young lives in such tragic circumstances is not only a devastating blow to Senator Baba Tela and his immediate family but also a painful loss to the entire people of Bauchi State.
He prayed that Almighty Allah (SWT) would grant the departed eternal rest in Aljannatul Firdaus and give their parents, family members, friends, and all those affected the strength, patience, and fortitude to bear the loss.
The Governor urged the bereaved family to take solace in the will of Almighty Allah, reminding them that every soul shall return to its Creator at the appointed time.
He assured Senator Baba Tela of the thoughts, prayers, and solidarity of the government and people of Bauchi State during this difficult period.
The Governor also extended his heartfelt sympathies to all those affected by the accident and prayed for the speedy recovery of those who sustained injuries.
Bala Mohammed urged residents of the state to join him in praying for the peaceful repose of the souls of the deceased and for Allah’s comfort upon the bereaved family.
The funeral prayer for the deceased is scheduled to take place on Sunday, July 5, 2026, at the Emir’s Palace, Bauchi, by 11:00am.
He prayed that Almighty Allah (SWT) would forgive their shortcomings, admit them into Aljannatul Firdaus, and grant comfort and strength to all those mourning the loss. (Sunday Tribune)
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