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Vice President Shettima Pushes Urgent Overhaul of Nigeria’s Planning System
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By Gloria Ikibah
Vice President Kashim Shettima has called for sweeping reforms to Nigeria’s budgeting framework, warning that the country must adopt a more realistic and development-driven approach to public spending.
Speaking at a two day National Policy Dialogue organised by the National Assembly Joint Committee on National Planning and Economic Development with the Theme: “The Imperatives of National Development Plan for Effective Budgeting System and Sustainable Growth Of the Nigerian Economy”, which began in Abuja on Tuesday,the Vice President stressed the need to align annual budgets more closely with long-term development plans in order to achieve sustainable growth.
Shettima who was represented by his Special Adviser on Economic Matters, Tope Fasua, highlighted the importance of rethinking how budgets are designed and implemented, noting that the country’s development ambitions depend heavily on a more coherent planning structure.
The event brought together policymakers and experts to examine how Nigeria can accelerate progress through better integration of planning and budgeting.
He stressed that the focus of the discussions was to find practical ways of linking short-term fiscal decisions with medium- and long-term national priorities.
He said, “t the very time, it was a very important topic for the moment and for the time to come in view of President Tinubu’s great vision for the people of Nigeria, according to the renewed agenda of Mr. President.
“Also, it’s asked, how can our budgets be impacted more positively by these plans and how do we institute a path towards sustainable growth, which not only focuses on the annual trajectory of our domestic product GDP, but also focuses on the improvement of standards of living of our people as measured by reduction in poverty rates and the rise of per capita income.
“This is an apt moment to echo the thoughts of President Bola Ahmed Tinubu, and the Minister, the Minister of Budget and Planning, to the extent that our budgets should not only be people-focused. But our budgets should actually be larger than they are presently. This informed the recent adjustment to the 2026 budget, fiscal budget, by about 10 trillion line, to taking the sum to 68 trillion”.
According to the Vice President some critics, have opined that Nigeria should have a much smaller budget, adding that “they need to be reminded that budgeting is not a process of reviewing past shortcomings and capitulating to limitations, but a process by which Nigeria documents its greater future and challenges itself to do even better than the past.
“The usual refrain about revenue generation has been well addressed by Mr. President’s Acts on Revenue Reforms, which have kicked in since January 2026, with great promise. Many institutions have become fiscalized. Many are leading to a decline. Many institutions have become fiscalized. Many are leading to a better capture of revenues that would have otherwise been lost to government.
“Technology has also been deployed to get to where human beings need to go. And so we believe that revenue numbers for 2026 and beyond will paint a positively different picture. Indeed, we must also recognize the recent Fiscal Policy Measures, (FPMs), which were articulated by the Office of the Minister of Finance and Foundation Management. Nor is it a symbol of the beneficial and positive impact of high-quality business on the economy”.
He further stated that many tariffs on essential raw materials and other similar products were reduced to the benefit and further benefit of the citizenry tariffs on essentials, raw materials and other similar products were reduced adding that Duty of pharmaceuticals, fabric, machinery, and some specific manufacturing equipment have also been removed with a view to encouraging higher productivity in critical sectors.
“This deft move signals that the Tinubu government greatly cares for the people of Nigeria, and there is so much more to come. Economic planning is a national imperative, and President Tinubu is a great believer in this idea, not necessarily in the rigidities and strictures reminiscent of Soviet-era economics, but in a more nuanced and data-driven manner, which quickly distills into the economic well-being of the people.
“Currently, our budgets are being guided by the Medium-Term Expenditure Framework (MTEF) as well as the national development plans. These plans could be put together by the budgets and planning ministry. Distinguished ladies and gentlemen, the largest room in the world is the room for improvement. Therefore, in spite of current achievements and structures of ground, a lot more can be achieved, especially around sustainable development.
“Again, this will be measured by higher per capita income for our people and long-term growth. As well as better standards of living and significant leaps in the 17 metrics measured under the United Nations Sustainable Development Goals. Measurements around poverty in general, food poverty in particular, health, education, water, and much more”, he added.
Also speaking at the forum, Director General of the Nigeria Institute of Social and Economic Research, Professor Anthonia Simbine, pointed to deep-rooted structural issues undermining development efforts.
She said the country’s challenges are not due to a lack of plans, but rather poor execution and weak coordination.
“The challenges facing the country was not as a result of absence of development planning, but weak implementation discipline as well as misalignment between plans and budgets, unrealistic macro fiscal assumptions and weak execution of monitoring systems,” she said.
Her remarks reinforced concerns that without stronger discipline and accountability, even well-crafted policies may fail to deliver meaningful results.
The Director General noted that global experience has consistently shown that successful economies are built on strong alignment between national plans and budgets, backed by credible fiscal rules, independent forecasting and the use of digital systems alongside performance-based budgeting.
Professor Anthonia Simbine argued that for Nigeria to close its implementation gaps and deliver inclusive, long-term growth under the Renewed Hope Mid-Term National Development Plan (2026–2030), it must move away from conventional budgeting practices and embrace a more flexible, technology-driven fiscal approach.
She outlined the need for a structured link between planning and budgeting, moving beyond basic compliance to a more strategic allocation of resources. This, she explained, would involve ensuring that capital projects are tightly aligned with national priorities, placing greater emphasis on value for money and measurable impact, and redesigning government programmes to focus on scalable, high-impact outcomes.
She also pushed for a more responsive budgeting model, proposing the adoption of rolling frameworks that allow for periodic adjustments based on changing realities. This would include quarterly forecasts, a more flexible medium-term expenditure framework and the ability to reallocate resources within approved limits when necessary.
In addition, she highlighted the importance of innovative financing and stronger collaboration across sectors. This would involve pooling resources across government departments, expanding the use of public-private partnerships, exploring blended financing options and making better use of national and subnational investment platforms.
Technology, she stressed, must play a central role in modernising the budgeting process. She called for deeper integration of digital financial systems, the introduction of real-time tracking tools and automated reporting mechanisms to improve transparency, monitoring and early detection of inefficiencies.
She further emphasised the need to strengthen coordination between federal and state governments through incentive-based frameworks, including performance-linked transfers and joint project platforms that encourage alignment across all levels.
To improve accountability, she advocated a shift towards outcome-driven budgeting, where funding releases are tied to clearly defined performance indicators. This, she noted, should be supported by performance contracts for government agencies, real-time audits and data-driven evaluation systems.
Professor Simbine also pointed to the need for better tools to measure socio-economic impact, proposing the development of standardised metrics and the integration of cost-benefit analysis into decision-making.
At the same time, she stressed the importance of balancing flexibility with fiscal discipline, recommending the establishment of stabilisation mechanisms and contingency reserves to manage uncertainties while maintaining economic stability.
The two-day dialogue is expected to generate recommendations aimed at strengthening Nigeria’s budgeting system and ensuring it supports long-term economic growth.
By Kayode Sanni-Arewa
Lagos-based perfume merchant and founder of Dhamma Perfumes, makers of FAB-LAB and ARO-FAC fragrances, Obi Ubaka, has shared a detailed roadmap for thriving in the perfume industry. He emphasizes that success hinges on building a unique brand identity, mastering both the art and science of fragrance creation, and staying attuned to the ever-evolving market landscape.
Ubaka, who operates from Block 6 Above Plaza, Trade Fair Complex along the Lagos-Badagry Expressway, explained that the fragrance business demands a rare blend of artistic vision, business acumen, integrity, and persistence.
He also described his brand as the type that helps people boost their confidence and stand out through fashion world, adding that his years of experience in the business of selling of designer perfumes for wholesale and retail customers has given him requisite knowledge and experience to speak as an authority within that business climate.
While fielding questions on navigating the scented landscape and essential strategies for perfume business success, Obi said; “The perfume industry, a multi-billion dollar global market, is fiercely competitive. To carve out a niche and thrive, aspiring perfumers and entrepreneurs need a strategic roadmap that encompasses creative prowess, market awareness, and operational efficiency. Let’s explore the core elements of this fragrant formula or let me say defining one’s niche and target audience, before embarking on scent business, a crucial first step is identifying your target audience. Who are you trying to reach? What are their aspirations, lifestyle, and scent preferences? Understanding these demographics allows you to invest in fragrances that resonate deeply.
In this business merchants must also be conversant about the raw materials used in producing them. Deep knowledge of fragrance ingredients, including natural essential oils, absolutes, and synthetic aroma chemicals must always be noted to ascertain the veracity of their quality and how long they can stay on the persons wearing them. Understanding the classification and composition of scents; citrus, floral, woody, oriental, etc. and how to blend them harmoniously to create a balanced and appealing fragrance profile should never be compromised. Mastering the techniques to create perfumes that have staying power (longevity) and a noticeable presence (projection) must be part of what should be appreciated in this very lucrative business.
On the issue of safety and regulations, Obi added, “well what I can say about this is that adhering to industry safety standards and regulations regarding fragrance ingredients and labeling is very important and of course every business owner must be law abiding and protect industry extant guidelines. One must also consider taking perfumery courses, working with experienced perfumers, or investing in resources that provide in-depth knowledge of fragrance formulation.”
In crafting a compelling brand story and identity, the founder of Dhamma Perfumes, makers of FAB-LAB and ARO-FAC fragrances added, “In a saturated market, a strong brand story differentiates you from the competition and moreover, you must have integrity. For example, this number, +234806 519 7515 has been my mobile for decades, since I have nothing to hide. The number has not changed. Besides that, your brand story should equally communicate your values, inspiration, and the unique philosophy behind your fragrances. You must develop a consistent and engaging marketing strategy that effectively communicates your brand story to your target audience through various channels.
“E-commerce Website is another important tool to expand the frontiers of perfume business from market research and product development to packaging design, branding, marketing, and choosing the right sales channels. A user-friendly website with high-quality product images, detailed descriptions, and secure online ordering will also be an advantage, while also building a sound and symbiotic relationship with logistics companies and others who are in the business dispatch services. Similarly, engaging with your target audience on social media platforms like Instagram, Facebook, Whatsapp, and Pinterest, showcasing your brand, and building a community around your fragrances must also be accommodated and considered.”
When asked about the unique role of packaging in the success of a perfume brand he said, “Packaging plays a critical role in conveying brand identity and influencing purchase decisions. We always advise stakeholders in the perfume business value chain about high-quality packaging that reflects the brand’s aesthetics and protects the fragrance. Consider sustainable packaging options to appeal to environmentally conscious consumers.
“Beyond that a serious minded merchant must also think about staying ahead of trends in the ever-evolving fragrance industry; this includes continuous learning and market research, these are very essential. You must also follow industry publications, attend trade shows, monitor social media trends, and engage with customers to understand their evolving preferences. Adaptability and innovation are key to long-term success,” Obi stated.
News
Trump Admin orders Nigerians, other green card applicants to return home for residency processing
The United States has directed Nigerians and other foreign nationals seeking green cards to return to their home countries to complete the application process.
The directive was announced on Friday in a press statement issued by the US Citizenship and Immigration Services (USCIS).
The agency explained that the policy was intended to restore what it described as the “original intent” of US immigration law.
USCIS spokesman, Zach Kahler, stated that the new policy would help reduce the number of migrants who remain illegally in the United States after unsuccessful residency applications.
According to the statement, except under extraordinary circumstances, foreigners seeking adjustment of status will now be required to process their residency applications through US consular offices abroad under the supervision of the United States Department of State.
The agency stated: “We’re returning to the original intent of the law to ensure aliens navigate our nation’s immigration system properly. From now on, an alien who is in the U.S. temporarily and wants a Green Card must return to their home country to apply, except in extraordinary circumstances.”
Kahler added: “This policy allows our immigration system to function as the law intended instead of incentivising loopholes. When aliens apply from their home country, it reduces the need to find and remove those who decide to slip into the shadows and remain in the U.S. illegally after being denied residency.”
USCIS explained that the new directive would mainly affect temporary visitors, including students, tourists and workers who entered the United States on nonimmigrant visas.
“Nonimmigrants, like students, temporary workers, or people on tourist visas, come to the U.S. for a short time and for a specific purpose. Our system is designed for them to leave when their visit is over. Their visit should not function as the first step in the Green Card process,” the statement added.
The agency further stated that processing residency applications through consular offices abroad would help free up limited agency resources for other immigration priorities.
According to USCIS, the policy would enable the agency to focus more on applications involving victims of violent crimes, human trafficking cases, naturalisation requests and other immigration services within its jurisdiction.
“The law was written this way for a reason, and despite the fact that it has been ignored for years, following it will help make our system fairer and more efficient,” the statement noted.
In December 2025, former US President Donald Trump temporarily suspended the processing of green card and citizenship applications filed by Nigerians and nationals of other countries newly added to the US travel ban, according to a CBS News report.
The suspension affected legal immigration applications handled by USCIS and mainly targeted immigrants from selected African and Asian countries.
Many of those affected were already living legally in the United States and were seeking to adjust their immigration status or become American citizens.
The Trump administration also directed USCIS to freeze all immigration petitions, including applications for permanent residency and citizenship, from nationals of 19 countries covered by the travel ban announced in June.
Hon. Dr. Akpodiete Olotu JP, Executive Director of the Olotu & Ekuogbe Rowland Akpodiete Foundation, chaired the 3rd Annual Inter-House Athletics Competition and Send Forth Ceremony at Iwhreko Primary School on May 21, 2026. The event took place at the school premises and brought together students, staff, parents, and guests for a day of sports and celebration.
Dr. Olotu Akpodiete was accompanied by Amb. Comr. Kpohraror Emmanuel, an old boy of Iwhreko Primary School. His presence highlighted the importance of alumni giving back and supporting the growth of their former school and the younger generation.
In her welcome address, Headteacher Chief Mrs. Eyamu welcomed guests, parents, and participants. She encouraged parents to remain actively involved in their children’s education, stating that parental support strengthens students’ sense of belonging and motivates them to excel. She also expressed appreciation to the Olotu & Ekuogbe Rowland Akpodiete Foundation for its continued support to the school.
Speaking as Chairman of the occasion, Hon. Dr. Olotu Akpodiete thanked the headteacher and students for the warm reception. He commended the school for organizing the event to promote talent, discipline, and unity among pupils. He assured that the foundation would continue to support the students and the school to drive development and growth.
The 3rd Annual Inter-House Athletics Competition and Send Forth served as both a platform to showcase student talent and a send-off for graduating pupils. The ceremony reinforced the role of community-driven initiatives in advancing education and youth development in Ughelli.
Imo North chooses experience: Araraume’s primary election win and what it means, By Sufuyan Ojeifo
Dhamma Perfumes, CEO, Obi Ubaka Explains How To Succeed In Fragrance Business
Trump Admin orders Nigerians, other green card applicants to return home for residency processing
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