NEWS
Buhari to present 2023 Budget to NASS next month
The executive will present the 2023 federal government Budget proposal to the National Assembly by September.
Director-General Budget Office of the Federation Mr. Ben Akabueze, revealed this at the commencement of the training of Budget Officers of Federal Ministries, Departments and Agencies (MDAs), in Abuja, yesterday.
According to Mr. Akabueze, who was represented by Mr. Fabian Ogbu, the Director Expenditure and Socials, “The Executive Budget Proposal will be submitted to the National Assembly by September 2022 pursuant to Mr. President’s directive, and in a bid to get the 2023 Appropriation Bill passed and signed into law by 31st December 2022”.
The D-G expressed displeasure over the failure of officers in charge of budget preparations in many MDAs to comply with details of Budget Call Circulars, in the past.
His words, “It has been observed however, that MDAs do not study the Budget Call Circular in detail and as such make mistakes that should ordinarily be avoided if they had complied with the relevant sections of the Budget Circular.
“To this end, one of the modules at the training will address key items and sections to note in the 2023 FGN Budget Call Circular.”
Mr. Akabueze said that the BOF decided to organise a series of engagements and stakeholder consultations with key revenue generating agencies, civil society organizations (CSOs), the Nigerian Governors Forum, the National Executive Council (NEC), the National Assembly as well as the Federal Executive Council (FEC).
READ ALSO: Buhari congratulates Ruto on election as president of Kenya
He added that budget personnel were being trained to give them requisite knowledge, skills and the tools required to prepare and submit the 2023 Budget in a timely and efficient manner.
The DG Budget stated that for the 2023 budget preparation, the BOF “intends to maintain the use of the GIFMIS-BPS, adding, “We plan to leverage on some of your feedback and lessons learned from previous budget preparation exercises to improve your experience this year”.
He added that experts had been engaged to handle different aspects of the training including some fundamental budget concepts as well as hands-on training using the GIFMIS-BPS for budget preparation.
The D-G urged the participants to reflect their sectoral mandates and priorities in the preparation of the various budgets before submission to the Budget Office with the responsibility of collating and preparing the final federal government budget for submission to the National Assembly.
NEWS
JUST IN: Ex-Delta Governor Emmanuel Uduaghan Is Dead
Former Delta State Governor, Dr Emmanuel Uduaghan, has reportedly died, according to sources said to be close to his family.
The sources confirmed the development on Monday, October 19, 2026, although details surrounding the circumstances of his death remained unclear as of the time of filing this report.
“Uduaghan is no more; he is dead,” one of the sources reportedly said.
SEE ALSO: Document reveals Akpoti-Uduaghan demanded N10b damages from husband before marriage, firm reacts
The reported death comes months after claims that the former governor had died circulated on social media before being dismissed by his media aide, Henry Unini.
In June, reports of Uduaghan’s alleged death spread across Facebook and WhatsApp, prompting Unini to publicly debunk the claims and assure the public that the former governor was alive.
“I can tell you for a fact that Dr. Emmanuel Uduaghan is alive,” Unini said at the time.
“Frankly, I don’t know where the writer got his information from. The death of someone is not something you take and write about casually,” he added.
Unini acknowledged at the time that Uduaghan had been experiencing health challenges but maintained that he was receiving medical attention.
“It is now common knowledge that Dr. Emmanuel Uduaghan has been sick, but he is receiving proper medical care,” the media aide said.
He also stated that the former governor was recuperating, assuring the public that there was no immediate cause for concern.
“There is no cause for alarm whatsoever,” Unini said.
The media aide thanked friends, well-wishers and residents of Delta State who contacted the family to verify the former governor’s condition. He also urged the public to avoid spreading unverified information.
“The rumour was uncalled for,” he said while addressing the earlier reports.
As of the time of filing this report, further details about the circumstances surrounding Uduaghan’s reported death had yet to emerge.
NEWS
Delta Begins ₦5bn Empowerment Scheme for 100,000 Beneficiaries
The Delta State Government has commenced a ₦5 billion grassroots empowerment programme targeting 100,000 small-scale business owners and other beneficiaries across the state’s 500 wards.
The initiative, announced on Monday, will see each beneficiary receive ₦50,000 to support small businesses, strengthen household finances and stimulate economic activities across the state.
SEE ALSO: Two Arrested as Delta Police Uncover Cache of Illegal Weapons
The Executive Assistant to the Governor on Public Enlightenment (Projects and Policies), Mr Olisa Ifeajika, disclosed this while speaking with journalists in Asaba.
Ifeajika explained that the programme was designed to complement the state government’s investments in critical infrastructure with direct financial assistance to residents.
According to him, Governor Sheriff Oborevwori directed local government councillors to facilitate the distribution of the funds, with each of the 500 wards expected to reach at least 200 beneficiaries.
He added that the initiative reflects the administration’s commitment to improving livelihoods and expanding economic opportunities for Deltans, in line with the people-centred objectives of the MORE Agenda.
NEWS
Alausa Hails Dangote Foundation’s Plan to Give Four Million Students IPO Shares
The Minister of Education, Dr Maruf Tunji Alausa, has commended Alhaji Aliko Dangote and the Aliko Dangote Foundation for plans to acquire Initial Public Offering (IPO) shares of Dangote Refinery on behalf of eligible Nigerian tertiary institution students.
Alausa described the initiative as an innovative approach to promoting financial literacy, youth empowerment and wealth creation among young Nigerians.
According to a press release issued by the Federal Ministry of Education on Monday, October 19, 2026, the initiative is expected to benefit up to four million students aged 18 and above, with each eligible student expected to receive 10 IPO shares without requiring prior investment or share purchase.
The minister said the programme would expose students to capital markets, responsible investing and long-term financial planning, preparing them for greater economic participation and financial independence.
He noted that the initiative aligns with the Nigeria Education Sector Renewal Initiative (NESRI) and President Bola Ahmed Tinubu’s Renewed Hope Agenda by connecting education with enterprise, human capital development and inclusive economic growth.
According to Alausa, the initiative reflects the importance of partnerships between the education sector and private organisations in equipping young Nigerians with the knowledge and skills needed to participate in the economy.
He said the Federal Ministry of Education remained committed to strengthening private-sector partnerships to improve educational quality, relevance, equity and efficiency while preparing learners for a changing economy.
While appreciating the foundation’s contribution to youth development, the minister clarified that the ministry’s commendation was based on the initiative’s educational and developmental value.
He stressed that the ministry’s position “does not constitute an endorsement of any particular investment decision.”
Alausa also encouraged other corporate organisations to support similar initiatives that promote financial awareness, economic productivity and entrepreneurship among young Nigerians.
He urged businesses to support NESRI and the Renewed Hope Agenda in building a financially informed and economically productive generation.





