NEWS
2024: States Set N15.91trn Budget Benchmark [Breakdown]
In the upcoming year of 2024, the nation’s 36 states, alongside the Federal Capital Territory, have collectively proposed a substantial budget of N15.91 trillion.
President Bola Ahmed Tinubu previously presented a N27.50 trillion budget titled the “Budget of Renewed Hope” to the National Assembly in late November 2023.
Presently, this budget is undergoing evaluation and discussions for final approval.
The proposed budget is aimed at fostering economic growth with a focus on generating employment, maintaining macro-economic stability, creating a more favorable investment climate, enhancing human capital development, and addressing poverty while improving access to social security.
Following this, governors from each state across the federation proceeded to present their respective budgets to their state assemblies.
A breakdown of the states’ budgets by regions indicates that the Southwest took the lead with a budget of N4.20 trillion, trailed by the South South with N3.43 trillion, the South East with N2.29 trillion, the North West with N2.50 trillion, the North Central with N1.89 trillion, and the North East with N1.60 trillion.
Within the total budget of N15.91 trillion, Lagos state emerged at the forefront, allocating N2.25 trillion.
This was followed by Akwa Ibom with N845.63 billion, Rivers with N800.39 billion, Delta with N724.90 billion, Ogun with N703.03 billion, Imo with N592.23 billion, Abia with N567.20 billion, Bayelsa with N480.99 billion, Enugu with N521.56 billion, and Anambra with N410.10 billion.
Niger state took the lead among other northern states with a budget of N613.27 billion, followed by Kaduna state with a budget of N458.27 billion. Following closely was Katsina with a budget of N454.31 billion.
Other states include Oyo with N434.22 billion, Zamfara with 423.52 billion, Ondo with N384.53 billion, Kano with N350.20 billion, Borno with N340.62 billion, Edo with N325.30 billion, Taraba with N311.39 billion, Bauchi with N300.22 billion, Jigawa with N298.14 billion, Kwara with N286.40 billion, Plateau with N295.43 billion, and Osun with N273.91 billion.
Kogi state unveiled a budget of ₦258.28 billion, which will be managed by the incoming governor following the departure of Governor Yahaya Bello in February 2024, concluding his two terms of four years in office.
Sokoto followed with a N270.1 billion budget, trailed by Kebbi with N250.13 billion, Cross River with N250 billion, Adamawa with N225.89 billion, Benue with N225.73 billion, Yobe with N217.00 billion, Gombe with N207.75 billion, Ebonyi with N202.13 billion, and Nasarawa with N199.88 billion.
Ekiti state presented the lowest budget of N159.57 billion.
Previously, Economic Confidential, a PR Nigeria subsidiary, identified Lagos, Ogun, Rivers, Kaduna, Kwara, Oyo, and Edo as the most financially robust states in Nigeria for 2022.
Zekeri Idakwo, the Assistant Editor of Economic Confidential, revealed this information during a press briefing and the unveiling of the 2022 Annual States Viability Index Report in Abuja.
He mentioned that the report was assembled using data released by the Nigerian Bureau of Statistics and the Federal Account Allocation Committee.
NEWS
BREAKING: Court Sentences Three to Life Imprisonment Over Oyo School Kidnapping
A Federal High Court sitting in Abuja has sentenced three men to life imprisonment for their roles in the kidnapping of students and teachers from a school in Orire Local Government Area of Oyo State.
Justice Salim Ibrahim handed down the judgment on Thursday after the defendants—Abdulrazak Umar, also known as Abu Khalifa or Abu Khalid, Yunusa Musa (alias Yunusa bin Musa), and Shamsu Adamu Sani (alias Abu Itisar)—pleaded guilty to some of the charges brought against them by the Federal Government.
READ ALSO: Presidency Blasts Makinde Over UN Probe Call on Oyo School Abduction
The trio was arraigned on a 10-count charge bordering on terrorism, kidnapping, concealment of information, incitement, and illegal mining.
During the proceedings, the defendants admitted to concealing information about the masterminds behind the school kidnapping.
They also confessed to being members of Darul Salam, which prosecutors identified as an affiliate of Jamaatu Asarul Muslima Fi Bilandis Sudan (Ansaru), a proscribed terrorist organisation in Nigeria.
While all three defendants pleaded guilty to counts four and six, Umar additionally admitted guilt to counts seven, eight, nine and ten, which accused him of providing training and instructions to terrorists through a WhatsApp group titled “The Oneness of Allah is the Foundation of Peace.”
They, however, pleaded not guilty to the remaining counts.
Following the guilty pleas, the Director of Public Prosecution of the Federation, Rotimi Oyedepo (SAN), urged the court to convict and sentence the defendants on the counts to which they had admitted guilt.
Justice Ibrahim subsequently sentenced the three men to life imprisonment.
According to the prosecution, the convicts, all from Suleja Local Government Area of Niger State, conspired with other suspects between January and May 2026 to kidnap schoolchildren and teachers in Oyo State, contrary to the Terrorism (Prevention and Prohibition) Act, 2022.
The Federal Government further alleged that they aided the abduction, concealed information about the identities and activities of the alleged masterminds despite having prior knowledge of the plot, and admitted to belonging to a proscribed terrorist organisation.
The conviction marks another significant step in the Federal Government’s efforts to prosecute individuals linked to terrorism and school kidnappings across Nigeria.
NEWS
NLNG Celebrates Nnaji’s Contribution to Science, Innovation
The Nigeria LNG Limited (NLNG) has honoured former Minister of Power, Prof. Bart Nnaji, on the occasion of his 70th birthday, for his enduring contributions to science, innovation and the development of The Nigeria Prize for Science and Innovation.
At a colloquium organised in his honour, the company highlighted Nnaji’s more than two decades of involvement in the growth, governance and international recognition of the Prize, describing him as one of its earliest advocates and a key figure in its evolution.
Speaking at the event, the Managing Director and Chief Executive Officer of NLNG, Adeleye Falade, represented by the General Manager, External Relations and Sustainable Development, Sophia Horsfall, said Nnaji had remained a pillar of the initiative since its inception in 2004.
ALSO READ: NUPRC Gives Licencees 90-Day Deadline to Meet Conditions
According to Horsfall, the renowned engineer and academic has provided intellectual leadership, strategic direction and sustained advocacy that have helped shape the Prize’s vision, strengthen its credibility and advance its role in promoting scientific innovation and national development.
She recalled that Nnaji delivered the keynote address at the inaugural Grand Award Night held in Abuja on October 9, 2004, where he spoke on “Leapfrogging Science and Technology in Nigeria.” She noted that the address reinforced the founding objective of the Prize and helped raise awareness of the initiative among scientists, policymakers and other stakeholders.
NEWS
Sahara Group Drives Africa’s Energy Future with Asharami Square 3.0
Sahara Group is convening policymakers, industry leaders, investors, academia, and media professionals to advance practical solutions for Africa’s evolving energy landscape.
Scheduled for Wednesday, July 22, 2026, in Lagos, this year’s Asharami Square, a flagship thought leadership platform, is themed “Energising Africa’s Future: Legacy, Impact, and Transformation.”
The platform will spotlight the ideas, partnerships, and policy frameworks required to accelerate sustainable energy development across the continent.
ALSO READ: NUPRC Dangles 50 Oil, Gas Blocks Before 143 Investors at Bid Conference
Building on the success of previous editions, Asharami Square 3.0 will examine how collaboration across government, industry, finance, and the media can unlock investment, strengthen infrastructure, and expand access while supporting Africa’s energy transition.
According to Bethel Obioma, Head, Corporate Communications, Sahara Group, the platform reflects Sahara Group’s commitment to driving impactful conversations that translate into real outcomes.
“Africa’s energy future will be shaped by the strength of our partnerships and our ability to turn dialogue into action. Asharami Square continues to provide a platform for convening diverse perspectives, advancing informed discourse, and driving the decisions that will influence policy, investment, and long-term development across the continent.
As we look Beyond XXX, our focus remains on investing in the ideas, partnerships, and platforms that will help shape a sustainable energy future for Africa.”
Also speaking, Ejiro Gray, Director, Governance and Sustainability, Sahara Group, emphasised the importance of grounding energy conversations in context and practical realities.
“Africa’s energy transition must be defined by solutions that reflect our unique realities. Asharami Square plays a critical role in bridging technical expertise and public understanding, ensuring that conversations around energy, sustainability, and development are anchored in evidence, context, and impact.
Through initiatives like Asharami Square, we continue to advance our Beyond XXX philosophy by supporting credible dialogue and strengthening the ecosystems that drive sustainable progress.”
The event will feature a keynote address by Sadiq Wanka, Special Adviser to the President of Nigeria on Power Infrastructure, alongside a high-level panel including Professor Abigail Ndisika, Director, Institute of Continuing Education (ICE), University of Lagos; Temitope George, CEO, Lagos State Electricity Regulatory Commission (LASERC); Adebiyi Olusolape, Associate Editor, Africa, Argus Media; and Kemi Awodein, Managing Director, Investment Banking, Chapel Hill Denham.
A key highlight of this year’s programme will be the unveiling of the Asharami Square Energy Reporting Fellowship Judging Panel, reinforcing Sahara Group’s commitment to strengthening credible, solutions-focused journalism that deepens public understanding of Africa’s energy transition.
Since its maiden edition in 2024, Asharami Square has facilitated informed dialogue and effective media advocacy to enhance energy transition and sustainability in Africa.
Through the platform and the newly launched Asharami Energy Reporting Fellowship, Sahara Group continues to advance its Beyond XXX vision by investing in the ideas, people, and platforms that will help shape Africa’s energy future, while reinforcing its commitment to bringing energy to life responsibly.





