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INEC Rejects N40bn Budgetary Allocation

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The Independent National Electoral Commission (INEC) has rejected the N40 billion budget allocated to it, deeming the amount insufficient for its operations.

Prof. Mahmood Yakubu presented INEC’s proposed budget of N89 billion during a Senate Committee meeting chaired by Alli Sharafadeen Abiodun on Thursday.

Prof Yakubu clarified in the meeting that the N40bn would only suffice for the commission’s personnel costs,  and would be inadequate for the financial requirements of the commission in 2024, which supports over 15,000 employees.

The INEC boss highlighted that due to the Federal Government’s 40 percent peculiar allowance and increased Duty Tour Allowance (DTA) for its staff nationwide, the commission’s wage bill reached N36.5 billion.

Subtracting this from the allocated N40 billion would leave almost no funds for capital, electoral expenses, and overhead costs.

He cautioned that this shortfall might endanger the 2024 off-season governorship elections in Edo and Ondo states, as well as the National Assembly bye-elections in Ebonyi South and Yobe East senatorial districts.

The INEC boss also pointed out that other constituency elections at risk of being affected include Akoko North East/Akoko North West Federal Constituency in Ondo State; Yauri/Shanga/Ngaski Federal Constituency in Kebbi State; Isa/Sabon Birni Federal Constituency in Sokoto State, and Khana II State Constituency in Rivers State.

Mahmood said: “Our first priority is staff welfare; it goes beyond that, but it is a matter of human rights. But associated with the payment of salaries are the social contributions, the National Health Insurance Scheme (NHIS), group life insurance, employees compensation scheme and so on. When we pay salaries and social contributions, there is nothing for any other activity again, including the forthcoming governorship elections coming up next year in Edo and Ondo states.

“We also do electoral activities in February next year in which parties will commence the primaries for the governorship elections, and we have to be there to monitor the primaries. We have to do continuous voter registration, and make the cards available long before the elections, and there’s no provision for that. The Ondo primary will begin in April, and there’s no provision for that.

“By the time you talk about the DTA as provided by circular and you convert it to Naira and kobo, it crashes, given the exchange rate.

“So, under the overhead, we pay for all these, including issues like diesel for our generators because sometimes, we are almost always on generator not only in our conferences but also in our ICT server room.

“As a substitute to the inadequate N40 billion, the INEC chairman submitted another expenditure proposal of N89 billion, which was tagged as the actual need of the commission.

“We have submitted proposal C, which shows that we actually need N89 billion. So as I said, our budget for 2023 is practically N68 billion, so the difference actually is N21 billion, not N49 billion, and we have given a breakdown on how we intend to spend the money.” he added

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NCDMB, Zeconia Global Train 50 on Digital Oilfield Operations

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NCDMB Emerges Best MDA In Ease Of Doing Business Ranking

The Nigerian Content Development and Monitoring Board (NCDMB), in collaboration with Zeconia Global Investment CO. Ltd, has successfully completed the Training on Digital Oilfield Operation & Data Analytics for 50 participants in Lagos State.

The 5-day intensive capacity-building program, which was held from September 28 to October 2, 2026 in Lagos, came to a successful close with participants equipped with cutting-edge digital skills for the oil and gas industry.

The training was designed to bridge the digital gap in the sector, exposing beneficiaries to practical knowledge on digital oilfield architecture, production optimization, real-time data monitoring, IoT applications, predictive analytics, and data-driven decision making in upstream operations.

READ ALSO: 40 Oil Blocks up for Grabs as NUPRC Opens 2026 Bid Round

At the closing ceremony, the Managing Director of Zeconia Global Investment Co. Ltd, Olawore Oladipupo, conducted the official handover to participants, applauding their commitment, active participation and eagerness to learn throughout the duration of the training.

He charged them to leverage the knowledge gained to add value to the industry and position themselves for emerging opportunities in the digital energy space.

Participants expressed profound appreciation to NCDMB and Zeconia Global for the life-changing opportunity, describing the training as impactful, practical and timely for the evolving global oil and gas landscape.

The programme once again demonstrates NCDMB’s unwavering commitment to human capital development, local content growth and strategic partnerships aimed at empowering Nigerians with relevant skills for the future of work.

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40 Oil Blocks up for Grabs as NUPRC Opens 2026 Bid Round

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As the Nigerian government intensifies efforts to lure fresh investment into the upstream sector, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has unveiled 40 oil blocks for the 2026 licensing round.

The blocks, located across land, shallow water and deepwater terrains, will be open to investors with the technical competence, financial capacity and commitment to develop Nigeria’s petroleum resources.

The NUPRC Chief Executive, Oritsemeyiwa Eyesan, announced the licensing round during her closing remarks at the commission’s fifth anniversary celebration in Abuja on Tuesday.

READ ALSO: Middle East Push, G7’s Strategic Reserve Release Arrest Oil Prices

She disclosed that the exercise has the blessings of both President Bola Tinubu and the Minister of Petroleum Resources.

“Ladies and gentlemen, the wait is over. It is with great joy that I announce that pursuant to the approval of His Excellency, President Bola Ahmed Tinubu, GCFR, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria and Honourable Minister of Petroleum Resources, the Nigerian 2026 Licensing Round is hereby announced,” Eyesan said.

She said the round would offer 40 blocks across land, shallow water and deepwater terrains to investors with the requisite technical and financial capacity.

Eyesan said the 2026 bid round would introduce enhanced transparency measures, including mandatory disclosure of the beneficial owners of every bidder.

She added that the commission would provide greater disclosure of the evaluation methodology and results, stressing that transparency and predictability were essential to attracting upstream investment.

According to her, competition for upstream capital had become increasingly intense as investors now had multiple jurisdictions from which to choose.

“We will not rest on our oars. Competition for upstream capital is fierce, and it grows fiercer by the day. Investors have choices. They go where the rules are clear, where the process is predictable and where data can be trusted,” she said.

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Atiku Mourns 25 Killed in NAF Aircraft Crash in Ondo

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Former Vice President and African Democratic Congress (ADC) presidential candidate for the 2027 election, Atiku Abubakar, has expressed deep sadness over the Nigerian Air Force aircraft crash in Ondo State that claimed 25 lives.

Atiku disclosed this in a statement posted on X on Tuesday, describing the tragedy as heartbreaking and extending his condolences to the families of the victims and the Nigerian Armed Forces.

The Nigerian Air Force ATR-42 aircraft, with registration number NGR 931, crashed in the Inbound area of Ilaje Local Government Area of Ondo State on Monday while on a routine mission from Benin to Lagos.

ALSO READ: Moment Military Aircraft Crashes During Airshow Near Athens (Video)

The aircraft disappeared from radar after air traffic controllers lost contact with it at about 9:13 a.m.

Its wreckage was later located near the Naval Base in Igbokoda, where search-and-rescue operations were launched.

The Nigerian Air Force subsequently confirmed that 25 people were on board, comprising five crew members and 20 passengers, with no survivors.

Reacting to the tragedy, Atiku said the scale and circumstances of the crash were heartbreaking.

“Among those who lost their lives were airmen, soldiers and members of their families,” he said.

He added that the victims included people whose lives were dedicated to service, as well as families and individuals whose lives were cut short in the tragedy.

“My thoughts and prayers are with the families of all the deceased,” Atiku said.

He noted that no words could adequately comfort parents who had lost their children, children who had lost their parents, or families suddenly deprived of their loved ones.

Atiku also extended his heartfelt condolences to the Nigerian Air Force and the Armed Forces of Nigeria, as well as the governments and people of Nigeria and Ondo State.

He prayed that Almighty God would grant eternal rest to the souls of the departed, comfort their grieving families and give the Nigerian Air Force and the nation the strength to bear the painful loss.

 

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