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House Backs Tinubu’s N58tn 2026 Budget, Ihonbvere Says ‘Painful Reforms Are Unavoidable’
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…adjourn plenary till February 17, 2026
By Gloria Ikibah
The House of Representatives on Tuesday threw its weight behind President Bola Tinubu’s 2026 Appropriation Bill, as House Leader, Rep. Julius Ihonbvere, urged lawmakers to look beyond short-term discomfort and support what he described as a budget anchored on “consolidation, renewed resilience and shared prosperity”.
Leading the debate during plenary, Ihonbvere reminded members that the budget, formally titled “The Project of Consolidation, Renewed Resilience, and Shared Prosperity”, was presented to the National Assembly by President Tinubu on 19 December 2025, describing it as “a defining moment in our national journey”.
He said: “This is a journey to peace, growth, stability and sustainable development.
“We use the word development sometimes rather loosely. Development that is not sustainable is only temporary; it is not development at all. And you cannot have development without growth”.
The House Leader who acknowledged that the process of economic reform had been difficult, stressed that hardship was inevitable given what the administration inherited.
“The process of promoting growth is very challenging, difficult and painful. That is what we are going through.
“And it can be more painful if we inherited distorted and disarticulated institutions and structures of our politics and economy, which was exactly the case with the present administration”, he added.
Ihonbvere rejected suggestions that the government could simply wish away structural problems; and insisted, however, that the National Assembly had a duty to provide oversight.
“Nobody has ever promised that the journey of restructuring and repositioning our political economy will not be painless. Nobody has assumed that this administration went to space to bring a new set of Nigerians to make Nigeria a better place. It is the same Nigerians who were here before.
“I’m not saying they are saints or perfect.
“It is our job, as representatives of 360 constituencies, to guide them to do the right things at all times,” he said.
Defending the economic assumptions behind the 2026 budget, Ihonbvere pointed to recent macroeconomic indicators, and stated that Nigeria’s economy grew by 3.98 per cent ahead of the budget cycle, while inflation dropped to 14.45 per cent from about 25 per cent.
“Statistics can be good, sometimes they can mislead, and sometimes they may not reflect our dreams and hopes.
“But we can’t run away from statistics,” he said.
He cited increased revenues, rising exports and improved foreign direct investment, attributing part of the progress to Tinubu’s diplomatic push.
“We all see the activities of the President, moving from one country to the other, in the midst of winter, trying to sign strategic understandings,” he said, pointing to the President’s recent visit to Turkey as “an example of the kind of partnerships Nigeria needs”.
On currency stability, Ihonbvere said the naira had held firm around ₦1,400 to the dollar.
He also praised the government’s monetary restraint.
“Go and check the figures. From over ₦1,800, it is there at ₦1,400 today, as we speak.
“We have not printed a single naira since this government came into office. And to that extent, it has helped to stabilise the system,” he told lawmakers.
He added that external reserves had climbed to a seven-year high of about $47 billion, enough to cover over 10 months of imports.
Outlining the figures before the House, Ihonbvere said the 2026 budget projects total revenue of ₦34.33 trillion against expenditure of ₦58.18 trillion, leaving a deficit of ₦23.85 trillion. Recurrent non-debt spending is pegged at ₦15.25 trillion, while capital expenditure stands at ₦26.08 trillion.
“I think this is a mark of commitment to sustainable development, where capital is higher than recurrent expenditure.
“In many instances, recurrent spending outweighs capital. Most of the money goes into salaries and allowances, whereas capital is neglected,” he stated.
The budget assumes an oil benchmark of $64.85 per barrel and production of 1.84 million barrels per day. Key allocations include ₦5.41 trillion for security and defence, ₦3.56 trillion for infrastructure, ₦3.54 trillion for education and ₦2.48 trillion for health.
“This is a budget that prioritises security and food security.
“By the time you add police and other security expenditures, you can imagine where we are going,” Ihonbvere noted
He described the budget as both a promise and a test of collective resolve; calling for unity, he urged lawmakers to support the proposals.
“This is the dream of the government.
“I believe this administration is committed. I know many in his team are committed, and I know that those of us in the House are committed to ensuring these promises are implemented.
“It is in our collective interest.
“If we work together and commit to a better Nigeria, we can build an environment that allows Nigerians to reach the highest points of their creative and productive abilities.
“I invite my colleagues to support this budget as presented, to keep hope alive, and to recommit ourselves. We are part of the government. Let us join the executive in this budget of consolidation, renewed resilience and shared prosperity”, he said.
The House unanimously passed the bill when put to a voice vote by the Speaker, Tajudeen Abbas.
He said: “Any contribution before we put the question? We all know that 70% of this budget we are talking about has already been debated earlier, in 2025, so there is very little that is new. If we are comfortable with the professorial introduction of this budget, we can go ahead and put the question.
“Those in support of this motion should say aye.
“Those against should say nay. The ayes have it”.
The House Leader, Rep. Ihonbvere, moved for the House to adjourn for two weeks to enable the committees to carry out budget defence sessions.
The House will resume plenary on February 17, 2026.
News
INEC set to publish details of 2027 Presidential, National Assembly candidates on August 1
The Independent National Electoral Commission (INEC) will on Saturday, August 1, 2026, publish the particulars of all presidential and National Assembly candidates contesting the 2027 general election for public inspection at its offices across the country.
The publication of the candidates’ details, contained in Form EC9, is in compliance with Section 29(3) of the Electoral Act, 2026, which requires the commission to make the personal particulars of nominated candidates available for public scrutiny within 21 days of receiving them.
Political parties concluded the online submission of the names, personal particulars and other required documents for their presidential and National Assembly candidates on Tuesday, July 14, 2026, after INEC granted a 72-hour extension to the original deadline. ExecutiveBranch
Under the commission’s revised timetable, nominations for presidential and National Assembly candidates were initially scheduled to be submitted between June 27 and July 11, 2026.
Section 29(1) of the Electoral Act, 2026, requires political parties to submit Forms EC9, EC9A, EC9B, EC9C, EC9D and EC9E, containing the names and personal particulars of their nominated presidential and National Assembly candidates, not later than 120 days before the election.
Speaking on whether the 72-hour extension would affect the publication date, INEC Deputy Director of Publicity, Wilfred Osilama Ifogah, said he did not expect any change, although he stressed that he was expressing a personal opinion rather than the commission’s official position.
“I doubt. It might not necessarily affect it. It’s just for the Commission to put the information together and submit it. This is my opinion. I’m not talking officially. When it gets to the time, you will see whether the Commission will publish it or not,” he said.
Meanwhile, the online submission of nominations for governorship and State Houses of Assembly candidates, which commenced on July 18, will continue until August 8, 2026.
INEC has scheduled August 29, 2026, for the publication of the personal particulars of governorship and State House of Assembly candidates through Form EC9.
The commission had earlier conducted party primaries for all elective positions between April 23 and May 30, 2026.
According to INEC’s election timetable, the presidential and National Assembly elections will hold on January 16, 2027, while the governorship and State Houses of Assembly elections are scheduled for February 6, 2027
News
CSOs, Youth Groups Push for Inclusive NYSC Reform, Convene National Dialogue
By Gloria Ikibah
A coalition of civil society organisations and youth groups has announced plans to convene a national dialogue on proposed reforms to the National Youth Service Corps (NYSC), seeking to ensure that the review process reflects the views of Nigerians before the Federal Government takes a final position.
The initiative, being organised by the Centre for Equity, Justice and Transparency in partnership with the Save Nigeria Movement, is expected to bring together policymakers, academics, former corps members, youth organisations, security agencies and other stakeholders to examine the future of the scheme and recommend practical reforms.
Convened by legal practitioners Sorkaa Tsembelee and Patrick Agbese, the one-day dialogue aims to generate a comprehensive working document that will be presented to the Federal Government as part of ongoing efforts to review the NYSC Act.
In a statement issued on Friday, the organisers said the forum was intended to provide an inclusive platform where stakeholders could contribute meaningfully to the reform process.
The statementread: “The essence of this dialogue is for critical stakeholders to make input into the proposed NYSC reforms before the President’s administration takes final decisions.
“We will have senior academics, former corps members, youth groups and other members of society to dissect the proposed reforms thoroughly.
“It will thereafter catalyse into a working document for the Federal Government. We will invite the CDS, the Army and others. Let everyone look at it and say their own.”
Established in 1973 after the Nigerian Civil War, the NYSC was designed to promote national unity, encourage integration among young graduates and foster national development through compulsory service outside their states of origin. Over the decades, corps members have played significant roles in education, healthcare, agriculture and community development, particularly in underserved communities.
However, growing concerns over the safety and welfare of corps members, inadequate funding, deployment policies and questions surrounding the relevance of some aspects of the programme have fuelled calls for a comprehensive review.
The organisers said the dialogue will assess whether the scheme still aligns with its founding objectives while identifying legislative and policy changes needed to address present-day realities.
They maintained that while reforms were necessary, the NYSC’s central mission of promoting national cohesion should be preserved alongside efforts to strengthen skills development, entrepreneurship and youth empowerment.
“This is not about tearing down an institution that has served Nigeria well; it is about refining it with the collective wisdom of those who have lived the experience and those who study its impact.
“Former corps members carry practical insights that policymakers often miss, and we want those voices at the table.
“Youth groups and civil society must not be spectators while decisions that will shape the next generation of Nigerian graduates are taken. The dialogue creates the space for genuine, structured input”, it added,.
According to the organisers, discussions will focus on critical issues including corps members’ welfare, security, orientation camp facilities, deployment procedures, funding mechanisms and the effectiveness of the Community Development Service (CDS) programme.
They added that academics will provide comparative analyses of national service models in other countries, while security agencies would offer institutional perspectives on improving the protection of corps members, particularly those posted to areas affected by insecurity.
“We cannot discuss NYSC reforms without hearing from those who secure the environment in which corps members serve. The CDS and the Army have institutional knowledge that is indispensable.
“Their perspectives on logistics, security and inter-agency coordination will enrich the final document.
“Senior academicians will help us situate the proposed reforms within the broader context of nation-building. We need evidence-based contributions, not just opinions”, the said.
The organisers said the ultimate goal was to produce practical recommendations capable of informing both legislative and executive action.
They explained that the final report would reflect contributions from former corps members, scholars, security agencies, youth organisations and civil society groups, providing government with workable proposals for strengthening the scheme without compromising its original mandate.
“The working document that emerges from this dialogue must be something the government can work with.
“It should reflect the views of those who have served, those who teach, those who protect, and those who advocate.
“Anything less would be a missed opportunity. We are calling on all stakeholders to come prepared to engage constructively.
“The future of the NYSC is too important to be decided in isolation. This national dialogue is our contribution to an open, inclusive process”, the statement further read.
News
No plans to increase electricity tariffs – Power Minister assures Nigerians
The Minister of Power, Joseph Tegbe, has declared that President Bola Tinubu’s administration has no intention to jerk up electricity tariffs beyond the current level.
He disclosed this during a media briefing in Abuja on Friday.
According to him, the Tinubu administration’s priorities are improving electricity service delivery, expanding access to electricity, and ensuring that Nigerians pay only for the electricity they consume.
The minister said that, over the last two weeks, the country has consistently generated 5,000 megawatts of electricity.
“We are already witnessing encouraging improvements in electricity generation. Over the course of the last two weeks, we have consistently generated 5,000MW.
“Permit me to address two issues that have generated considerable public discussion. First, there is no policy by this administration to increase electricity tariffs beyond the current level. Our priority is not a tariff increase in the immediate term. Our priority is service improvement, universal metering, and ensuring Nigerians pay only for the electricity they actually consume,” he stated.
He added that the objective of the Federal Government is to provide reliable electricity to homes across the country.
“Our ambition is clear: reliable electricity that powers our homes.”
Tegbe’s comments come amid debate over a fresh electricity tariff hike, fuelled by remarks made by Tinubu’s Special Adviser on Power Infrastructure, Sadiq Wanka.
Nigerian electricity consumers have kicked against the proposed electricity tariff hike.
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