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FG govt to establish poverty alleviation trust fund – Betta Edu
FG govt to establish poverty alleviation trust fund – Betta Edu
The President Bola Tinubu-led Federal Government is going to establish a Presidential Humanitarian and Poverty Alleviation Trust Fund, the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, announced on Thursday in Abuja.
Edu, who spoke at the headquarters of the humanitarian ministry, while playing host the Country Director, Bill and Melinda Gates Foundation, Jeremie Zoungrana, said the fund was part of measures to lift over 133 million Nigerians out of poverty and other humanitarian crises.
The minister also solicited the foundation’s technical and financial support towards achieving the task of lifting millions of Nigerians out of poverty and tackling the myriad of humanitarian crises across the country.
She said, “We have a huge task on our hands. As we speak now, over 16 million Nigerians are affected by humanitarian crises, either man-made or natural disasters. Of course, security issues and pockets of unrest in different areas have not made this any better.
“Other natural disasters like the flooding, which we are presently going through, and the opening of a dam in another country, which will have its effect on Nigeria, are another call for attention to ensure that people are catered for.
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“And then we have these unrests in all the neighbouring countries—in Cameroon, in the southern part of Cameroon—that have over 46,000 refugees coming into Nigeria. So there are over 36,000 in Cross River. We have a whole lot in Taraba and Benue along that border.”
She told her guests that the government was also dealing with other crises in Niger, with people coming to Sokoto, Kano, Katsina, among others.”
“This is in addition to the Nigerians that are refugees in this country and the migrants that were trying to go through Niger and Libya and got stocked around the border. So it’s a whole lot as it concerns the humanitarian crises and what we need to deal with as a ministry.
“But now the bigger one is here, which is poverty alleviation. The last statistics done by the Bureau of Statistics, says that about 133 million Nigerians are poor; that’s multi-dimensional poverty, and then about 70 million of these people are extremely poor.
“So, they’re living below $1.95 per day. The President is committed to the SDG, which is raising these people out of poverty by 2030, and we need your help. We need your help! That’s a lot of work, and I just thought it was important to get you to the table at the foundational stage,” Edu stated.
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On what the ministry would need, she said, “We would need a lot of technical help. Technical help to see that we can draw a baseline and set the agenda, and come up with programmes and projects that can be implemented to lift people out of poverty while addressing humanitarian needs.
“Secondly, we would also need lots of financial help in terms of supporting programmes, supporting processes, and helping with implementation. It starts with one of the innovations we want to put on board, which is the Presidential Humanitarian and Poverty Alleviation Trust Fund.”
The minister said the government would need to be able to go full-blown into a robust resource mobilisation, a move that could help it pull together funding into one basket.
“This will be used to address both the humanitarian crises and the poverty alleviation programmes and projects without necessarily going through the bureaucratic bottlenecks of government,” Edu stated, as her guests pledged to support the humanitarian ministry and Nigeria.
FG govt to establish poverty alleviation trust fund – Betta Edu
News
FG Seals Plateau Mine After 37 Killed in Toxic Gas Tragedy
FG Seals Plateau Mine After 37 Killed in Toxic Gas Tragedy
The Federal Government has ordered the immediate closure of a mining site in Zuraq, Wase Local Government Area of Plateau State, following the death of 37 miners in a suspected toxic gas exposure.
Minister of Solid Minerals Development, Dr. Dele Alake, directed that the site be sealed to prevent further casualties and pave the way for a comprehensive investigation into the tragedy.
According to local authorities, the victims were exposed to poisonous gaseous emissions in the early hours of Tuesday while working in an underground pit. At least 25 other miners are currently receiving treatment in hospital.
In a statement issued in Abuja by his Special Assistant on Media, Segun Tomori, the minister disclosed that the affected site falls under Mining Licence 11810, operated by Solid Unit Nigeria Limited and owned by Abdullahi Dan-China.
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Alake said a high-level investigative team led by the ministry’s Permanent Secretary, Yusuf Yabo, has been deployed to the area to determine both the immediate and remote causes of the disaster and recommend appropriate sanctions. The team comprises mining engineers, environmental compliance officers and experts in artisanal mining operations.
Preliminary findings indicate that the licensed operator allegedly ceded the pit to members of the host community following agitation for economic empowerment. The area, reportedly an abandoned lead site, contained stored minerals capable of emitting sulphuric oxide — a hazardous substance.
Unaware of the danger, villagers engaged in mining activities and were exposed to the toxic fumes.
The minister described the incident as a tragic loss of innocent Nigerians striving to make a living and extended condolences to Plateau State Governor Caleb Mutfwang and families of the victims.
He assured that further updates would be provided as investigations progress, stressing the government’s commitment to enforcing safety and environmental standards in the mining sector.
FG Seals Plateau Mine After 37 Killed in Toxic Gas Tragedy
News
Tinubu Ends NNPCL Oil Revenue Deductions, Orders Full FAAC Remittance
Tinubu Ends NNPCL Oil Revenue Deductions, Orders Full FAAC Remittance
President Bola Ahmed Tinubu has signed a sweeping executive order mandating the direct remittance of all oil and gas revenues into the Federation Account Allocation Committee (Federation Account Allocation Committee), in what is regarded as one of the most significant fiscal reforms since the enactment of the Petroleum Industry Act (PIA).
The directive, announced by presidential spokesperson Bayo Onanuga, requires that all proceeds from royalty oil, tax oil, profit oil, and profit gas be paid in full into the federation account without deductions, before statutory distribution to the federal, state, and local governments.
A central element of the order strips Nigerian National Petroleum Company Limited (NNPCL) of its long-standing 30 per cent management fee on profit oil and profit gas, a deduction that has repeatedly drawn criticism for significantly reducing funds available for sharing among the three tiers of government. The presidency said the practice undermined constitutional revenue entitlements and weakened public finances.
In addition, the president directed that the 30 per cent Frontier Exploration Fund created under the PIA will no longer be retained or managed by NNPCL. Instead, all funds previously set aside under the arrangement will now flow directly into the federation account for FAAC distribution, altering the financing structure for frontier basin exploration activities.
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The executive order also affects the handling of gas flare penalties. Payments into the Midstream and Downstream Gas Infrastructure Fund have been suspended, with all proceeds from gas flaring penalties now to be paid directly into the federation account. Officials said existing environmental remediation frameworks already cover such obligations, making the additional fund unnecessary.
According to the presidency, the reforms are aimed at blocking overlapping deductions, including management fees and profit retentions, which collectively divert more than two-thirds of potential oil and gas revenues before they reach FAAC. President Tinubu warned that shrinking net oil revenues pose serious risks to national budgeting, debt sustainability, and overall economic stability.
The president emphasised that the new framework will reposition NNPCL strictly as a commercially driven national oil company, removing quasi-fiscal responsibilities while strengthening transparency, accountability, and oversight in Nigeria’s oil and gas revenue management.
To ensure effective implementation, Tinubu approved the establishment of an inter-ministerial committee comprising senior officials from the economic management team, justice sector, and relevant regulatory agencies. The committee is expected to coordinate legal, financial, and operational steps required for immediate compliance.
The president also signalled plans for a broader review of the Petroleum Industry Act, indicating that further amendments may be pursued to address structural and fiscal concerns raised by stakeholders, particularly state governments.
With oil and gas revenues remaining central to Nigeria’s fiscal health, the executive order represents a decisive move to tighten revenue flows, strengthen FAAC allocations, and reinforce fiscal federalism across the country.
Tinubu Ends NNPCL Oil Revenue Deductions, Orders Full FAAC Remittance
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BREAKING: Tinubu Assents to 2026 Electoral Act, Sets Stage for 2027 Elections
BREAKING: Tinubu Assents to 2026 Electoral Act, Sets Stage for 2027 Elections
President Bola Ahmed Tinubu has signed the 2026 Electoral Act Amendment into law, setting the legal framework for Nigeria’s 2027 general elections.
The signing ceremony took place on Wednesday at the Presidential Villa in Abuja, with Senate President Godswill Akpabio and Speaker of the House of Representatives Tajudeen Abbas in attendance.
The new law, formally known as the 2026 Electoral Act (Amendment) Bill, was recently harmonised and passed by both chambers of the National Assembly amid debate and opposition from minority lawmakers.
The legislative process leading to the signing saw intense deliberations in both the Senate and the House of Representatives. Lawmakers constituted a joint conference committee to reconcile differences between their respective versions of the bill before transmitting the harmonised document to the President for assent. Earlier, Senate President Akpabio had indicated during an emergency plenary session that the President was expected to sign the amended bill before the end of February. That projection materialised within days.
One of the most significant changes introduced by the 2026 Electoral Act is the reduction of the mandatory notice period for general elections from 360 days to 300 days. Lawmakers explained that the adjustment is intended to give the Independent National Electoral Commission (INEC) greater operational flexibility in planning and conducting elections without breaching statutory timelines.
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The issue of electronic transmission of election results generated considerable debate throughout the amendment process. Under the new law, electronic transmission is permitted, while manual collation remains legally recognised, particularly in areas where technical or connectivity challenges arise. INEC retains the authority to issue detailed regulations and guidelines governing how results are transmitted and managed. Supporters argue the compromise reflects operational realities, while critics maintain that the changes may weaken transparency safeguards introduced in previous reforms.
Beyond these headline issues, the amended Act also makes adjustments to party primary timelines, candidate nomination processes, and collation procedures. It includes technical corrections across multiple clauses to improve clarity, reduce ambiguities, and strengthen administrative consistency ahead of the 2027 polls.
With presidential assent now secured, the 2026 Electoral Act becomes the binding legal framework governing presidential, National Assembly, governorship, and state House of Assembly elections. INEC is expected to review and align its regulations and operational guidelines with the new provisions as preparations intensify for the 2027 general elections.
The signing marks a pivotal moment in Nigeria’s democratic process, with political parties, civil society groups, and voters closely watching how the revised electoral framework will shape the next election cycle.
BREAKING: Tinubu Assents to 2026 Electoral Act, Sets Stage for 2027 Elections
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