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Senate approves N17.3tr 2022 Revised budget, raises recurrent expenditure by N198.77bn

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Senate approves N17.3tr 2022 Revised budget, raises recurrent expenditure by N198.77bn

 

**Okays N4trn subsidy, increases oil benchmark to $73

The National Assembly on Thursday passed an aggregate expenditure of N17.3 trillion as the revised budget for the 2022 fiscal year which mainly raised recurrent expenditure by Nl98.77bn while capital expenditure remained the same.

The amount represented an increase of N192.5 billion from the N17.1 trillion approved and assented to last December.

The passage came after the consideration of a report by the Appropriations Committee on the 2022 Appropriations Bill in both chambers.

Out of the N17.3 trillion passed, N817.6 billion is for Statutory Transfer; N7.1 trillion is for Recurrent Expenditure; Capital Expenditure remained at N5.4 trillion, while N3.97 is for Debt Service.

The parliament also approved a revised 2022 fiscal framework, raising the oil benchmark to US$73 as proposed by President Muhammadu Buhari.

The national assembly oil production volume of 1.600 million per day; Petroleum Motor Spirit (PMS) subsidy of N4.00 trillion (NGN); and a cut in the provision for Federally-funded upstream projects being implemented by N200 billion from N352.80.

The two chambers also approved the fiscal deficit of N7.35 trillion, an increase of N965.42 billion, representing 3.99% of Gross Domestic Product (GDP).

The incremental deficit, it said, would be financed by new borrowings from the domestic market.

The lawmakers also raised the budget of the National Assembly and its agencies to N153 billion from the earlier N139 billion.

The breakdown of the National Assembly votes in the 2022 revised budget are:

While approving an increase in the Federal Government Independent Revenue of N400 billion, the chambers gave its approval for an additional provision of N182.4 billion to cater to the needs of the Nigeria Police Force.

It approved net reductions in Statutory Transfers by N66.07 billion.

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A breakdown of the net reductions is as follows: NDDC, by N13.46 billion from N102.78 billion to N89.32 billion; NEDC, by N6.30 billion from N48.08 billion to N41.78 billion; and UBEC, by N23.16 billion from N112.29 billion to N89.13 billion.

Others are Basic Health Care Fund, by N11.58 billion from N56.14 billion to N44.56 billion; and NASENI, by N11.58 billion from N56.14 billion to N44.56 billion.

President Buhari, in a letter dated 5th April 2022, requested the National Assembly to adjust the 2022 fiscal framework.

He said doing so became necessary in view of new developments in both the global and domestic economies.

Lawmakers, who took turns to make contributions during consideration of the report on the review of the 2022 fiscal framework, blamed the country’s economic downturn on crude oil theft.

Senator Olubunmi Adetunmbi (Ekiti North), said the federal government and security agencies owe it as a duty to stop the stealing of our commonwealth.

He lamented that at a time when most countries of the world are reaping bountiful harvest due to the increase in crude oil prices occasioned by the Russia-Ukrainian crisis, Nigeria is left out owing to its inability to meet its OPEC quota.

The Senate Leader, Yahaya Abdullahi, who spoke along the same lines as Adetunmbi, said the country should be in a state of mourning over what is currently happening to it.

He attributed the failure of security agencies to protect oil assets as a major reason for the decline of the economy.

He expressed worry over the increasing cases of oil theft in spite of huge resources allocated to the military, police, and other security agencies.

Senate President Ahmad Lawan, in his remarks, called on the Federal Government to take “radical” steps toward stopping the theft of crude oil by economic saboteurs.

He also called for a stop to the importation of refined petroleum products into the country, so as to cut down on expenditures incurred in the process, as well as to maximize profits from crude oil sales.

“This (crude theft) is not something to play politics with, and I don’t think the answers are going to be easy to come by.

“Radical decisions would have be taken, but before we find answers we have to live with this, but we have to be fast as possible in looking for answers.

“I had a session with the Chief of Defence Staff about a month ago, and my discussion with him was on the oil theft and the efforts of our security agencies to combat this menace.

“And like we know, our security agencies are doing their best but we have people – our people – who are sabotaging the oil industry because the oil theft is not perpetrated by somebody else but by people who are citizens.

“I also believe that, whether there is oil theft or not, until we stop the importation of refined products to Nigeria, we will never get the best out of the oil and gas industry,” Lawan said.

Recall that the National Assembly in December 2021, had approved the sum of N442.7 billion for subsidy in the 2022 budget for the period of January to June this year.

Buhari, however, anchored his fresh request on the fact that PMS subsidy was not duly appropriated for in the national budget beyond June.

According to him, the development was as a result of the provisions of the Petroleum Industry Act which stops all such payments past the given June deadline.

In another letter dated 12th April 2022, President Buhari requested the National Assembly to approve an additional N1 trillion to his earlier N2.557 subsidy request to bring the total amount on payments to N4 trillion for the year 2022.

He explained that the additional request was against the backdrop of adjustments to the 2022 fiscal framework which became imperative due to market developments occasioned by the spike in crude prices, following the Russian-Ukrainian war.

The chamber, accordingly, approved the President’s request for an additional N3.557 trillion for PMS subsidy with the passage of the 2022 Appropriations Act (Amendment) Bill, Thursday.

It also approved the N192.52 billion aggregate increase sought by the executive, and an additional provision of N182.45 billion to cater to the needs of the Nigerian Police Force to enhance their morale.

The Senate, after passing the 2022 Appropriations Act (Amendment) Bill, adjourned till the 26th of April, 2021.

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Over 100 Students Hospitalised as Fresh Gas Leak Hits Ogun Schools

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Man Arrested For Burglary In Ogun Churches

Panic swept through parts of Ijebu Ode, Ogun State, on Friday after a fresh gas leak affected more than 100 students and teachers across several schools, forcing many victims to be rushed to hospitals for treatment.

The incident, which occurred less than two months after a similar case in the town, reportedly affected schools including Anglican Girls Grammar School, Obalende, and Our Lady of Apostles Secondary School, Epe Garage, among others.

Witnesses said students suddenly began complaining of breathing difficulties, stomach aches, dizziness, and weakness as the strange gas spread across the affected areas.

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Videos circulating online showed frightened students running out of school premises while teachers and residents assisted those who fainted into vehicles for emergency medical attention.

Many of the affected students were taken to the Ogun State Hospital in Ijebu Ode, while others were rushed to nearby private medical facilities as worried parents stormed the hospitals.

An eyewitness described the situation as more severe than the previous gas leak recorded in April.

“I am currently at the Ogun State Hospital, Ijebu Ode, and the hospital is overcrowded. Some parents had to move their children to private hospitals. The students are complaining of stomach pain and weakness. This incident affected multiple schools and over 100 students,” the source said.

The Ogun State Commissioner for Environment, Ola Oresanya, confirmed the development, stating that emergency response agencies had been mobilised to contain the situation and investigate the source of the leak.

According to the commissioner, air quality monitoring devices installed within the area detected elevated methane gas concentrations, with readings reportedly peaking at about 13,500 ppm in surrounding locations.

He explained that although the methane level remained below the lower explosive limit, the situation was environmentally significant and required urgent investigation.

Oresanya said the state government had activated a multi-agency environmental and public health assessment team comprising environmental regulators, emergency responders, security agencies, and air quality experts to determine the source and extent of the emissions.

Officials, including the Chairman of Ijebu Ode Local Government, Dare Alebiosu, and the Managing Director of OGEPA, Kenny Bello, were also seen visiting affected schools and hospitals to assess the situation and monitor medical response efforts.

Residents were advised to remain calm, avoid open flames or ignition sources in areas with unusual gas odours, and immediately seek medical attention if they experience symptoms such as dizziness, headaches, nausea, or respiratory discomfort.

The latest incident comes weeks after over 30 students and a teacher were hospitalised following another gas leak at Our Lady of Apostles Secondary School in April, raising fresh concerns over environmental safety in the area.

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“Free El-Rufai Before Eid” — Atiku Blasts FG Over Detention

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Former Vice-President Atiku Abubakar has called on the Federal Government and Kaduna State authorities to release former Kaduna State governor Nasir El-Rufai before the Eid-el-Kabir celebrations, describing his continued detention as unfair and politically troubling.

Atiku made the demand in a statement issued on Friday through his Senior Special Assistant on Public Communication, Phrank Shaibu.

SEE ALSO: Shock as Court Rejects El-Rufai’s Bail Application, Orders Continued Detention

The former presidential candidate condemned El-Rufai’s detention ahead of the Muslim festival, saying it contradicts the spirit of mercy, compassion, and reconciliation associated with Eid-el-Kabir.

According to Atiku, it would be wrong for any government to deny a citizen freedom without clear justification, especially during a significant religious period when families are expected to reunite.

He warned against the alleged use of state institutions to intimidate perceived political opponents, stressing that democracy should not be used as a weapon to settle political scores.

“At a time when millions of Muslims are preparing for Eid-el-Kabir, it is unconscionable to keep a citizen away from his family without just cause,” Atiku stated.

The former vice-president also argued that the credibility of any democratic government depends on how it treats opposition figures and perceived critics.

He urged authorities to ensure transparency if El-Rufai’s detention is connected to ongoing legal proceedings, insisting that every Nigerian citizen is entitled to constitutional rights, including liberty and due process.

The demand comes days after the Independent Corrupt Practices and Other Related Offences Commission confirmed that a Federal High Court in Kaduna granted El-Rufai access to medical treatment while in custody.

El-Rufai and his co-defendant, Joel Adoga, are facing a 10-count charge bordering on alleged corruption, money laundering, and possession of proceeds of crime before Justice Rilwan Aikawa of the Federal High Court in Kaduna.

Both men have pleaded not guilty to the charges.

 

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$100,000 Science Prize: NLNG Raises Bar for AI Innovation

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The Nigeria LNG Limited (NLNG) has intensified its push for globally competitive artificial intelligence and digital technology solutions, as the 2026 edition of The Nigeria Prize for Science and Innovation attracted a record 237 entries, the highest participation level since the prestigious $100,000 award was established in 2004.

The milestone comes months after the 2025 edition ended without a winner, following a rigorous evaluation process that found none of the 112 entries submitted met the Prize’s benchmark for scientific excellence, originality, scalability and real-world impact.

The entries were formally handed over to the Prize’s Advisory Board during a press conference in Lagos on Thursday, officially commencing the adjudication process for this year’s competition themed: Innovations in ICT, Artificial Intelligence (AI), and Digital Technologies for Development.

The retention of the theme for a second consecutive year reflects growing recognition of the role of AI and digital technologies in solving socio-economic challenges and accelerating national development.

Speaking at the event, NLNG’s General Manager, External Relations and Sustainable Development, Dr. Sophia Horsfall, said the record-breaking number of entries signals renewed confidence in Nigeria’s innovation ecosystem and growing interest among researchers in technology-driven solutions.

“In this fourth revolution, digital infrastructure is as foundational to our survival as electricity or water. For Nigeria, our economic sustainability depends on our ability to move beyond promising research and into undeniable innovation that delivers,” Horsfall said.

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She noted that the decision not to award a winner in 2025 was difficult but necessary to preserve the integrity and global credibility of the Prize.

“We believe that if a Nigerian discovery is to command global respect, it must withstand the highest levels of scrutiny. It is this conviction that guided the difficult decision seven months ago,” she stated.

According to Horsfall, NLNG responded to last year’s outcome by deepening engagement with Nigeria’s scientific and technology community through nationwide roadshows, media campaigns, collaborations with innovation hubs, and knowledge-sharing sessions with researchers and academic institutions.

“Our response was not to lower our standards but to deepen engagement. Today, we can confidently say those efforts have paid off,” she added.

She described the leap from 112 entries in 2025 to 237 entries in 2026 as evidence of rising momentum in Nigeria’s science, AI, and digital innovation ecosystem.

“It proves that there is a hunger in this country for research, innovation, discovery and recognition. It also proves that we need platforms such as this Prize that elevate scientific endeavour and transform ideas into impact,” Horsfall said.

Receiving the submissions on behalf of the Advisory Board, Chairman of the Board, Prof. Barth Nnaji, described the handover as a crucial stage in the search for transformative scientific breakthroughs capable of addressing Nigeria’s development challenges.

Nnaji, a former Minister of Power, said the no-winner verdict in 2025 reinforced the Prize’s reputation for excellence rather than diminished it.

“Our refusal to award the prize in 2025 was not a dismissal of the hard work of Nigerian innovators; rather, it reinforces that The Nigeria Prize for Science and Innovation holds a gold standard of excellence,” he stated.

He explained that entries would continue to undergo strict intellectual and technical scrutiny, with emphasis placed on originality, relevance, scalability, and measurable socio-economic impact.

“The theme we have focused on for the past two years is perhaps the most critical topic of our time. We are looking for solutions that directly address Nigeria’s real-world challenges, whether through digital health technologies for rural communities or the use of AI in preserving our cultural heritage and languages,” Nnaji added.

He further assured stakeholders that the adjudication process would remain independent, transparent, and merit-driven.

“We look at every entry through a lens of fairness, balance and equity. It is this consistency that has given the Prize its enduring credibility over the years,” he said.

Also speaking, NLNG’s Manager, Corporate Communication and Public Affairs, Anne-Marie Palmer-Ikuku, commended the resilience of Nigerian innovators who returned with stronger entries despite last year’s disappointing outcome.

“To see the numbers rise to 237 this year tells me that innovators did not see last year’s verdict as a deterrent. Instead, they saw it as a challenge,” she said.

The Advisory Board for the Prize also includes Dr. Nike Akande, former Minister of Industry, and Professor Baba Yusuf Abubakar, a professor of quantitative genetics and animal breeding.

The winning entry for the 2026 edition will be unveiled at a world press conference scheduled for September.

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