NEWS
Senate Passes 2024-2026 MTEF, FSP, Orders Probe Into NNPC’s Fund Allegations
The Nigerian Senate has approved the 2024-2026 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), outlining the Federal Government’s financial blueprint for the coming years.
This followed the presentation of a report by Senator Mohammed Sani Musa (APC, Niger East), Chairman of the Joint Committees on Finance, National Planning, and Economic Affairs.
During the session, the Senate also directed its Committees on Finance and Petroleum, alongside the Gas Committee, to investigate allegations of withheld funds by the Nigerian National Petroleum Corporation (NNPC).
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These allegations include NGN 8.48 trillion in petrol subsidies and $2 billion (NGN 3.6 trillion) in unpaid taxes, as highlighted in reports from the Nigeria Extractive Industries Transparency Initiative (NEITI) and the Revenue Mobilization, Allocation, and Fiscal Responsibility Commission.
This move follows confirmation from the Office of the Auditor-General of the Federation, which stated it had received the necessary documentation to verify the N2.7 trillion fuel subsidy claim made by the NNPC against the government.
The Senate also approved a projection of 1,400 Naira to the US Dollar for 2025-2027, with provisions for review in early 2025 based on prevailing economic conditions.
Any surplus from the exchange rate will be directed towards debt servicing.
In his address, Senator Musa also urged the government to reduce petrol prices, pointing to the imminent revival of the Port Harcourt Refinery.
“With the functioning of our refineries, the demand for Forex will drop,” said Senator Adeola Olamilekan (APC, Lagos West), Chairman of the Senate Committee on Appropriations. “With the CNG initiative, Nigerians will have an option. For example, if you leave Benin to Lagos, the cost of fuel is about 130,000 Naira, but with CNG, you can’t use more than 48,000 Naira.”
Senator Olamilekan also highlighted the CNG program as central to reducing foreign exchange dependence, noting its potential to alleviate pressure on the national currency.
Additionally, the Senate raised concerns about the high recurrent-to-capital ratio and emphasized the need to support the country’s manufacturing sector to achieve the MTEF’s projections.
Senator Yahaya Abdullahi (PDP, Kebbi North) echoed these concerns, calling for more attention to the manufacturing industry as a means to drive sustainable economic growth.
The Senate further adopted inflation projections of 15.75% for 2025, 14.21% for 2026, and 10.04% for 2027, as part of its review of the economic outlook.
The proposed 2025 Federal Government budget, according to the MTEF, includes a total expenditure of N47.9 trillion, with N34.82 trillion earmarked for retention.
New borrowings, both domestic and foreign, are estimated at N9.22 trillion. Capital expenditure is set at N16.48 trillion, while statutory transfers are projected at N4.26 trillion, with sinking funds totaling N430.27 billion.
NEWS
Firefighters Avert Disaster as Fire Guts Laundry Shop in Kwara
A swift response by the Kwara State Fire Service helped avert a major disaster after a fire outbreak destroyed a laundry shop attached to an eight-room residential building in the Tanke area of Ilorin, Kwara State.
The incident occurred at about 3:58 a.m. on Tuesday at Assu-Luxury Quarters, off University Road. Although the laundry shop was gutted by the blaze, all residents of the building escaped unhurt, while firefighters successfully prevented the fire from spreading to the residential apartments and nearby properties.
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The Public Relations Officer of the Kwara State Fire Service, Hassan Adekunle, confirmed the incident in a statement, explaining that the affected property comprised eight residential rooms and a laundry shop, with only the laundry section sustaining damage.
According to him, firefighters responded promptly to the emergency, bringing the fire under control by about 4:25 a.m. before concluding the operation at approximately 4:42 a.m.
Preliminary investigations suggest that the fire may have been caused by an electrical power surge, possibly from a pressing iron left switched on for an extended period.
However, the fire service said investigations are still ongoing to determine the exact cause of the incident.
Reacting to the development, the Director of the Kwara State Fire Service, Alabi Muhammed, urged business owners, particularly laundry operators, to adopt safer electrical practices.
He advised operators to switch off electrical appliances immediately after use and never leave them unattended while powered.
Muhammed also stressed the importance of conducting routine electrical inspections, using standard electrical appliances, and installing surge protection devices to minimise the risk of fire outbreaks.
The Kwara State Fire Service reaffirmed its commitment to protecting lives and property through prompt emergency response and sustained public awareness on fire safety.
NEWS
FG Approves Biggest NYSC Overhaul in 53 Years, Introduces Civilian Leadership, New Uniform
The Federal Government has approved the most comprehensive overhaul of the National Youth Service Corps (NYSC) since its establishment 53 years ago, introducing a civilian leadership structure, a redesigned uniform, and several reforms aimed at making the scheme more relevant to Nigeria’s economic and youth development goals.
The approval was granted during the Federal Executive Council (FEC) meeting held on Monday in Abuja.
A major highlight of the reforms is the replacement of the military leadership of the NYSC with a civilian operational head, while the military will continue to provide security support for corps members across the country.
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To pave the way for the implementation of the reforms, the FEC directed the Attorney-General of the Federation and the Federal Ministry of Youth Development to amend the NYSC Act and other relevant regulations to provide legal backing for the changes.
Announcing the development, the Minister of Youth Development, Ayodele Olawande, described the overhaul as the first holistic review of the NYSC in its 53-year history.
According to him, the reforms are designed to transform the scheme into a skills-driven, productivity-focused institution that aligns with President Bola Tinubu’s vision of building a $1 trillion economy.
The reforms include a technology-driven call-up process, risk-sensitive deployment to enhance the safety of corps members, and a redesigned six-week orientation programme with greater emphasis on leadership, entrepreneurship, digital skills, and specialised career pathways.
The government also approved skills-based primary assignments that match corps members’ academic qualifications and career aspirations, improved orientation camp standards through a national grading and certification system, a new graduation ceremony to replace the traditional Passing Out Parade, and a redesigned NYSC uniform aimed at promoting professionalism and national pride.
Olawande said the reform process began in 2025 following extensive consultations involving the Federal Ministry of Youth Development, the Federal Ministry of Education, and the Office of the Special Adviser to the President on Policy and Coordination before receiving final approval from the Federal Executive Council.
He described the reforms as an investment in Nigeria’s youth, expressing confidence that the changes would make the NYSC more impactful and better positioned to equip young Nigerians with practical skills for the future.
Established in 1973 after the Nigerian Civil War, the NYSC was created to promote national unity by deploying graduates to states outside their regions of origin for one year of compulsory national service.
The latest reforms represent the first comprehensive review of the scheme since its creation.
NEWS
Ogun Govt Reveals Real Cause of Strange Gas Emissions in Schools
The Ogun State Government has explained the cause of the recent gas emissions that sparked panic in some schools across Ijebu-Ode, attributing the incidents to natural underground geological activity rather than spiritual causes or security threats.
The clarification was made during a stakeholders’ meeting in Ijebu-Ode Local Government Area, where the Commissioners for Environment, Ola Oresanya, and Health, Dr. Tomi Coker, met with parents, school administrators and development partners to provide updates on the government’s investigation.
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According to Oresanya, scientific investigations identified methane and sulphide gases escaping through underground fractures along established fault lines as the source of the emissions.
He explained that the affected communities are located along the Ifewara-Zungeru Trans-Atlantic fault line, which stretches from Mojoda through Ijebu-Ode and extends into Osun and Niger states.
He said findings linked the fault line to the locations where the gas emissions were recorded, including the affected schools. Oresanya noted that the area was historically forested and largely uninhabited before missionary schools were established there.
The commissioner disclosed that laboratory analyses are ongoing to determine whether the gases are thermogenic or methanogenic in origin.
He also revealed that the state government is investigating the possibility that Ijebu-Ode may sit on significant natural gas deposits beneath the affected communities.
Commissioner for Health, Dr. Tomi Coker, urged residents to remain calm and adhere to safety precautions whenever gas emissions occur.
She advised residents to cover their noses with wet handkerchiefs instead of face masks and encouraged anyone requiring urgent medical attention to contact the state’s emergency health line, 08112000033.
Also speaking, the Commissioner for Education, Science and Technology, Prof. Abayomi Arigbadu, assured parents that the affected schools would only reopen after consultations with relevant stakeholders and the completion of necessary safety assessments.
The Head of the Department of Earth Sciences at Olabisi Onabanjo University, Prof. Philip Ikhane, also appealed for calm, advising residents to minimise activities such as borehole drilling and quarry blasting, warning that such activities could worsen the effects of the existing fault lines.
The Ogun State Government reaffirmed its commitment to protecting lives and property, urging residents and school authorities to promptly report any future gas emissions while investigations continue.





