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FG bars MDAs from initiating dollar contracts
FG bars MDAs from initiating dollar contracts
The Federal Government has barred all Ministries, Departments, and Agencies (MDAs) from entering into contracts denominated in foreign currency, introducing a series of strict fiscal control measures under the 2025 Appropriation Act Implementation Guideline.
Under the new directive, all contracts are now required to be fully quoted in Naira unless special approval is granted.
“MDAs are to ensure that their contracts are wholly denominated in Nigerian Naira,” the guideline stated. “No MDA is authorised to enter a contract denominated in any foreign currency without the prior approval of the Honourable Minister of Finance and the Coordinating Minister of the Economy.”
The guideline, issued by the Budget Office of the Federation, also imposes tighter reporting and compliance conditions. MDAs are now required to submit monthly Budget Performance Reports in a specified format no later than the 15th of the following month. Failure to comply will disqualify them from receiving further capital or recurrent budget allocations.
This is intended to tie funding more closely to tangible project execution and ensure fiscal discipline.
In a bid to rein in personnel costs, the Budget Office has also taken steps to clean up the government’s payroll. It said it would intensify monthly and quarterly audits of nominal rolls to identify and eliminate questionable payroll entries and allowances.
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Additionally, MDAs have been told to stop initiating payments for promotion or salary arrears on the Integrated Personnel and Payroll Information System (IPPIS). Instead, such payments must be routed through the Committee on Payment of Promotions and Salary Arrears, following a directive issued on December 17, 2020, by the Ministry of Budget and Economic Planning.
“All MDAs will be required to submit monthly reconciliations of non-regular allowances received as part of personnel emoluments, indicating utilisation and any surplus funds,” the document said.
The Auditor-General of the Federation will be responsible for monitoring compliance as part of its audit duties. The guideline also prohibits MDAs from taking any step that could increase personnel costs, including new hiring, unauthorized allowances, or replacements, without prior approval. Violations may lead to sanctions against the heads of affected agencies.
The government is also enforcing a new recruitment policy aimed at ensuring a balanced academic to non-academic staff ratio and the mandatory inclusion of persons with disabilities in at least five per cent of new positions. Future applications for establishment or financial clearance must include compliance details.
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On taxation, the guideline reiterates that MDAs lack the authority to grant tax exemptions to contractors.
“All exemptions must follow due process and be formally approved through the appropriate legal and fiscal channels,” it said.
MDAs known to routinely incur tax expenditures through exemptions or waivers are warned to stay within the tax expenditure cap specified in the 2025 budget.
Regarding development assistance, the government now requires all requests for support to pass through the International Cooperation Department of the Ministry of Budget and Economic Planning.
“Any support received in cash or kind must be documented and reported monthly to both the ICD and the Office of the Accountant-General of the Federation,” the guideline stated.
The new rules are part of broader efforts to strengthen accountability and align public spending with the government’s fiscal targets for the year.
FG bars MDAs from initiating dollar contracts
News
Akpabio sues Natasha for ₦200bn over sexual harassment allegations
Akpabio sues Natasha for ₦200bn over sexual harassment allegations
Senate President Godswill Obot Akpabio has instituted a ₦200 billion defamation lawsuit against Senator Natasha Akpoti-Uduaghan, accusing her of spreading malicious sexual harassment allegations that he says have severely damaged his public image.
According to documents filed before the High Court of the Federal Capital Territory, Abuja, Akpabio is seeking substantial damages, public retractions, and nationwide broadcast apologies. He argues that Senator Akpoti-Uduaghan’s televised, radio, and online interviews portrayed him as a sexual predator who abused his office for personal gratification—claims he insists subjected him to widespread ridicule and reputational harm.
The lawsuit includes a comprehensive statement of claims and a list of witnesses. Akpabio is also asking the court to compel the removal of all online materials containing the disputed allegations and to order repeated public apologies across major media outlets.
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A court order issued on 6 November 2025 granted permission for substituted service through the Clerk of the National Assembly after initial attempts to reach Senator Akpoti-Uduaghan directly were unsuccessful. The case is now moving forward and is expected to become one of the most closely watched political legal battles in Nigeria.
Responding on 5 December 2025, Senator Natasha Akpoti-Uduaghan confirmed receipt of the suit and expressed readiness to defend her allegations before a competent court. She stated that she had previously been prevented from presenting a petition before the Senate Committee on Ethics and Privileges due to claims that a related case was already in court—an action she believes protected the Senate President from legislative scrutiny.
In a strongly worded response, the Kogi Central senator maintained that the court proceedings will finally provide the platform to substantiate her claims. She reiterated her stance that she experienced sexual harassment and that her refusal to comply with the alleged advances prompted sustained political retaliation.
“See you in court, Godswill Akpabio,” she declared.
Akpabio sues Natasha for ₦200bn over sexual harassment allegations
News
NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party
NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party
The Nigeria Labour Congress (NLC) has warned that it will no longer remain passive as criminal gangs intensify violent attacks across the country, declaring its readiness to hold a national day of mourning and mobilise nationwide protests over the escalating insecurity in Nigeria.
Speaking at the opening of the NLC’s National Executive Council (NEC) meeting in Lagos, NLC President Joe Ajaero said the country was “under siege,” condemning the latest school kidnapping and the reported withdrawal of security personnel before the attack. He demanded a full investigation to expose any possible compromise within the nation’s security architecture.
“The NLC cannot stand idly by and allow criminals to take over our country—never again. We want to know who ordered the withdrawal of security operatives from that school. We will not allow kidnappers and bandits to overrun our nation,” Ajaero said.
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He stressed that the labour movement would soon announce details of the planned protests and national mourning, insisting the lives of teachers, students and workers were in grave danger. “It is getting out of hand. We can no longer bear this,” he added.
Ajaero also revealed that the NLC had withdrawn its representatives from the Labour Party, accusing them of pursuing personal interests rather than representing workers.
Human rights lawyer Femi Falana, SAN, who addressed the meeting, warned that the country was in “serious trouble” over rising kidnappings and attacks. He rejected calls for foreign military intervention, cautioning that such a move would undermine Nigeria’s sovereignty.
Falana criticised recent statements by former U.S. President Donald Trump, describing them as unacceptable. He urged President Bola Tinubu to take decisive action to protect citizens, saying: “We want to let the world know that we are not a conquered people.”
He called on labour unions, civil society organisations and Nigerians to prepare to resist any further decline in national security.
NLC threatens nationwide protests as insecurity worsens, withdraws support for Labour Party
News
Boris Johnson Hails Kemi Badenoch as “Future UK Prime Minister” During Visit to Nigeria
Boris Johnson Hails Kemi Badenoch as “Future UK Prime Minister” During Visit to Nigeria
Former British Prime Minister Boris Johnson has praised UK Conservative Party leader Kemi Badenoch, describing her as a “future Prime Minister of the United Kingdom” during his visit to Nigeria for the Imo State Economic Summit 2025.
Speaking in Owerri, Imo State, on Thursday, Johnson commended Governor Hope Uzodimma for his efforts to boost economic development and improve security, noting that he felt “perfectly safe” despite earlier warnings about Nigeria’s security situation.
Johnson highlighted the state government’s push to deliver 24-hour electricity, stressing that reliable power and clean, sustainable energy are essential for economic growth as the world moves into an Artificial Intelligence (AI)-driven future.
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He also emphasized the strong historical and economic ties between Nigeria and the United Kingdom, praising the exchange of goods, services, and highly skilled professionals between both countries.
In a humorous remark that sparked applause, Johnson said: “We send you former UK prime ministers, and you send us future UK prime ministers in the form of Kemi Badenoch.”
The summit, attended by Vice President Kashim Shettima, former UN Secretary-General Ban Ki-moon, business mogul Aliko Dangote, and other top government and private-sector leaders, focused on strategies to accelerate Imo State’s economic transformation.
Boris Johnson Hails Kemi Badenoch as “Future UK Prime Minister” During Visit to Nigeria
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