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Buhari presents N13.08tn 2021 budget proposal to NASS
President Muhammadu Buhari has presented the 2021 budget proposal of N13.08 trillion to the National Assembly for consideration and passage into law.
The President, who was accompanied by Vice-President Yemi Osinbajo, some cabinet members and presidential aides, arrived at the premises of NASS at about 11.03pm, according to News Agency of Nigeria.
He explained that the total aggregate revenue projected for the 2021 budget was N7.86 trillion with a deficit of N5.2 trillion, representing 3.4 per cent of the GDP.
He said the deficit would be financed mainly by new borrowing, totalling N4.28trillion.
Buhari stated that the total revenue available to fund the 2021 federal budget was estimated to N7.886 trillion which included grants and aids of N354.85 billion as well as revenues of 60 government owned enterprises.
According to him, the budget, which is described as a budget for Economic Recovery and Resilience, is based on an estimated oil price benchmark of 40dollars per barrel, daily oil production estimate of 1.86 million barrels (inclusive of condensates of 300,000 to 400,000 barrels per day) and an exchange rate of N379 per dollar.
“Based on the foregoing fiscal assumptions and parameters, total federally distributable revenue is estimated at N8.433 trillion in 2021. Total revenue available to fund the 2021 federal budget is estimated at N7.886 trillion.
“This includes Grants and Aid of N354.85 billion as well as the revenues of 60 government-owned Enterprises.
According to him, oil revenue is projected at N2.01 trillion and non-oil revenue is estimated at N1.49 trillion.
“As you will observe, the format of the 2021 Appropriation Bill has been modified to include budgeted revenues, no matter how small, for each MDA, to focus on internal revenue generation.
“Accordingly, I implore you to pay as much attention to the revenue side as you do to the expenditure side.
He stated that N3.12 trillion had been earmarked for debt servicing in 2021 as against N2.1trillion in 2020
The President, who reviewed the performance of the 2020 budget so far, said the budget was amended in response to the challenges occasioned by the COVID-19 pandemic.
“As at July 2020, the Federal Government’s actual revenue available for the budget was N2.10 trillion.
“This revenue performance was only 68 per cent of our pro-rated target in the revised 2020 budget.
“At N992.45 billion, oil revenue performed well above our budget target, by 168 per cent. Non-oil tax revenues totalled N692.83 billion, which was 73 per cent of the revised target.”
News
US Lawmakers Raise Fresh Alarm Over Alleged Christian Genocide in Nigeria
US Lawmakers Raise Fresh Alarm Over Alleged Christian Genocide in Nigeria
Several United States lawmakers have raised fresh alarm over alleged Christian persecution and genocide in Nigeria, urging diplomatic intervention, policy action, and international attention to the country’s ongoing security crisis.
Republican Representative Riley Moore highlighted violence by armed groups, including Boko Haram and Fulani militias, which have displaced hundreds of thousands of Christians, particularly in Benue State. Moore described the attacks as “genocidal” and has called for stronger U.S. engagement to protect vulnerable communities.
In Congress, lawmakers have introduced resolutions condemning violence against Christians in Nigeria, with some pushing to designate the country as a “Country of Particular Concern (CPC)”, a U.S. foreign policy measure that could trigger sanctions and diplomatic pressure. Supporters argue the move is necessary to compel Nigeria to strengthen security, while critics caution that such a designation could strain U.S.–Nigeria relations.
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The Federal Government of Nigeria has dismissed the genocide narrative as propaganda and misinformation, noting that Nigeria’s security challenges affect both Christian and Muslim communities. Abuja has also hired U.S.-based lobbyists to communicate its security efforts and clarify that the violence is linked to terrorism and communal conflict, not targeted religious extermination.
Religious and civil society voices remain divided. Some emphasise the real threat to Christian communities, while others warn that framing the situation as genocide oversimplifies Nigeria’s multifaceted security challenges, which include terrorism, banditry, and communal violence.
As debate intensifies, the controversy continues to influence international perceptions, diplomatic relations, and discussions on religious freedom and security policy in Nigeria.
US Lawmakers Raise Fresh Alarm Over Alleged Christian Genocide in Nigeria
News
Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations
Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations
Former President Olusegun Obasanjo met privately with ex-military ruler General Ibrahim Badamasi Babangida at Babangida’s residence in Minna, Niger State, in a closed-door meeting that has sparked widespread speculation about potential political alignments ahead of the 2027 general elections.
The meeting, which lasted about 30 minutes, drew attention as both leaders emerged as key elder statesmen whose counsel and influence are often sought by Nigeria’s political elite. Neither Obasanjo nor Babangida spoke to journalists after the session, and no official statement was released, fueling discussions about behind-the-scenes strategic planning and coalition-building for 2027.
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Political analysts note that such high-profile consultations are common ahead of major elections, as party leaders, former presidents, and influential figures explore alliances, policy priorities, and national governance strategies. Observers also link this meeting to recent PDP and APC elder consultations, signaling continued efforts by senior politicians to shape the electoral landscape.
The rendezvous underscores Obasanjo’s continuing role as a political kingmaker, leveraging his network and experience to influence party strategies, candidate selection, and national discourse. With the 2027 elections approaching, similar closed-door meetings among Nigeria’s top political figures are expected to intensify in the coming months.
Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations
News
Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing
Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing
There has been widespread anger in Borno State after the All Progressives Congress (APC) omitted Vice‑President Kashim Shettima from the official banner at the party’s North‑East zonal public hearing on constitutional amendments in Maiduguri. The banner, which featured President Bola Ahmed Tinubu, the five APC governors from the region, and the party’s National Legal Adviser, conspicuously left out Shettima, a native of Borno State.
The omission prompted immediate backlash from party leaders, including Abdulkarim Lawan, Speaker of the Borno State House of Assembly, who described it as “provocative and unfair,” stressing that it was inappropriate to sideline a senior party official in his home state. The speaker recalled a similar controversy at an APC event in Gombe State last year, highlighting persistent sensitivities within the party’s North‑East faction.
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Attendees of the Maiduguri hearing, convened to discuss proposed constitutional amendments, expressed support for Lawan’s remarks, with loud applause and calls for the Vice‑President’s recognition. In response, the APC Deputy National Chairman dismissed the exclusion as an oversight by organisers, insisting there was no intention to diminish Shettima’s status and affirming that the hearing’s focus remained on party reforms rather than politics.
The incident comes amid speculation about internal APC dynamics ahead of the 2027 general elections, including questions around representation and leadership within the North‑East. Analysts note that repeated omissions of Shettima at high-profile events could fuel perceptions of internal rifts and affect party cohesion in the region.
Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing
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