Peter Mbah Presents Record N1.62 Trillion ‘Budget of Renewed Momentum’ to Accelerate Enugu’s Transformation




Enugu State Governor Peter Mbah has unveiled a landmark N1.62 trillion budget for 2026, marking a 66.5% increase from the revised 2025 budget. Tagged the “Budget of Renewed Momentum,” it allocates 80% (N1.29 trillion) to capital projects and 20% (N321 billion) to recurrent spending.
The economic sector receives the largest share—N825.9 billion (51%)—to fund major infrastructure projects, including 1,200 urban roads, rural road networks, completion of key dual carriageways, expansion of Enugu Air’s fleet to 20 aircraft, and new transport terminals.
The social sector gets N644.7 billion, with education taking 32.27%, supporting Smart Secondary Schools, TVET colleges, and expansion of the state’s Smart Green Schools initiative.
The budget will be funded through N870 billion IGR, N387 billion federal allocation, and N329 billion capital receipts.
Mbah praised President Tinubu’s economic reforms for boosting Enugu’s revenue, noting that IGR is expected to exceed N400 billion, the highest in the state’s history, while FAAC allocation surpassed projections by over 50%.
He also earmarked funds for gratuity payments, security surveillance expansion, healthcare, and ongoing city development projects.





#PeterMbah #EnuguState #EnuguBudget2026 #BudgetOfRenewedMomentum #NigeriaEconomy #InfrastructureDevelopment #SmartSchools #EnuguAir #TinubuReforms #IGR #FAAC #GideonArinze #BreakingNews #NigeriaPolitics

JUST IN: Federation Account Allocation Committee (FAAC) said it shared a total of N2.094 trillion in October 2025 revenue among the Federal Government, state governments, and Local Government Councils.

Anambra governorship election: “You’ll suffer” — AAC’s Ifemeludike alleges in new video as she warns Anambra residents against re-electing Governor Soludo.

African Action Congress (AAC) governorship candidate, Chioma Ifemeludike, has cautioned Anambra residents and alleged that they will “suffer” if they reelect Governor Chukwuma Soludo instead of voting for her in the November 8 election.

The Nollywood actress and producer criticized Soludo over the poor condition of roads in Awka, particularly Uche Ekwunife Crescent, which she described as “totally dilapidated.” She accused the governor of neglecting basic infrastructure while constructing a new Government House with “wide, paved roads for himself and his generations.”

Ifemeludike said Soludo’s administration has failed to deliver good governance or quality social amenities, claiming he is only interested in showmanship. “If you miss out, you will suffer for it because Soludo is not ready to provide real leadership,” she said.

In a Facebook post directed at the governor, she asked, “@ccsoludo, why are you afraid to repair the capital city’s bad roads? Awka shouldn’t look so rural and undeveloped. With FAAC, local allocations, and IGR, we should have Dubai/Taiwan-style infrastructure.”

She urged voters not to be deceived but to come out en masse to make a better choice on election day. “On November 8, you have a choice — and that choice is Chioma for governor 2025,” she declared.

The Independent National Electoral Commission (INEC) confirmed that 16 political parties will participate in the Anambra governorship election.

FG, states, LGs share N2.103tn revenue in 2025.

The Federation Account Allocation Committee (FAAC) has approved the sum of N2.103 trillion as September revenue for sharing to the three tiers of governments, the Federal Government, States and the Local Government Councils.

The approval was confirmed on Friday, October 17, in Abuja during the FAAC meeting.

The N2.103 trillion total distributable revenue comprised distributable statutory revenue of N1.239 trillion, distributable Value Added Tax (VAT) revenue of N812.593 billion, and Electronic Money Transfer Levy (EMTL) revenue of N51.684 billion.

A statement issued by the Director of Information in OAGF, Mallam Bawa Mokwa, indicated that the total gross revenue of N3.054 trillion was available in the month of September 2025.

The total deduction for cost of collection was N116.149 billion, while total transfers, interventions, refunds and savings were N835.005 billion.

According to the communiqué, gross statutory revenue of N2.128 trillion was received for the month of September 2025. This was lower than the sum of N2.838 trillion received in the month of August 2025 by N710.134 billion.

Gross revenue of N872.630 billion was available from the Value Added Tax (VAT) in September 2025. This was higher than the N722.619 billion available in the month of August 2025 by N150.011 billion.

The communiqué stated that from the N2.103 trillion total distributable revenue, the Federal Government received a total sum of N711.314 billion and the State Governments received a total sum of N727.170 billion.

Account for N14trn fuel subsidy savings or face legal action’, SERAP tells 36 governors, Wike.

Socio-Economic Rights and Accountability Project (SERAP) has urged Nigeria’s 36 state governors and the Minister of the Federal Capital Territory, Mr Nyesom Wike to “urgently disclose the spending details of the estimated N14trn fuel subsidy savings they collected from FAAC allocations, including details and locations of projects executed with the money, and the implementation status and completion reports, if any, on the projects.”

SERAP urged them to “provide details of the plans on how subsequent fuel subsidy savings they expect to collect from FAAC allocations, including details of any planned projects on which the money would be spent.”

SERAP also urged them to “publicly invite the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and Economic and Financial Crimes Commission (EFCC) to track and monitor the spending of the fuel subsidy savings collected by you, to ensure that the money is not diverted into private pockets.”

The 36 governors and the FCT minister have reportedly collected trillions of naira from FAAC allocations as fuel subsidy savings since mid-2023. But the increased allocations have not translated into improved access to basic public services, such as quality healthcare and education for poor and vulnerable Nigerians.

In the Freedom of Information requests dated 4 October 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest for governors and the FCT minister to urgently explain how they have spent the money they have so far collected from the subsidy savings.”

SERAP said, “The savings from the removal of fuel subsidy ought to be spent solely for the benefit of the poor and vulnerable Nigerians who are bearing the brunt of the removal. Transparency in the spending of the money would help to avoid a morally repugnant result of double jeopardy on these Nigerians.”

The FoI requests, read in part: “There is a significant risk of mismanagement or diversion of funds linked to the increased FAAC allocations collected by the states and FCT.”

“The spending details of the money collected by several states and the FCT from fuel subsidy savings have been mostly shrouded in secrecy.”

Otunba Bamidele Akingboye, the Social Democratic Party governorship candidate in the 2024 Ondo State election has died at the age of 60.

His Personal Assistant and Media Adviser, Oyeniyi Iwakun, confirmed that he passed away on Thursday at his residence in Victoria Garden City, Lagos. Born on April 2, 1964, Akingboye was a businessman, philanthropist & community leader.

He served as Chief Executive Officer of Benshore Maritime & Clog Oil Systems, as well as President of WeAfrica Group. He also held the traditional title of Olowomeye I of Ikaleland. He is survived by his wives, children, grandchildren & siblings. The family said burial arrangements will be announced later.

In his tribute, Ondo SDP Chairman, Ebenezer Akinbuli, described Akingboye as a visionary leader committed to service. “During his campaign, he shared his vision for a brighter Ondo State, anchored on good governance, social justice & sustainable development. His passion and leadership inspired many & his legacy will endure” Akinbuli said.

He stressed that the Federal Government has not borrowed from local banks since the beginning of the year, underscoring the impact of the improved fiscal position.

The Presidency further explained that the revenue surge has boosted allocations at the Federation Account Allocation Committee (FAAC), with disbursements to states and local governments exceeding ₦2 trillion in July for the first time in history.

This, it said, has provided subnational governments with greater resources to fund food security, infrastructure, and social services. It, however, admitted that despite the record revenue, allocations are still insufficient to meet the administration’s ambitions in education, health, and infrastructure.

Highlighting the shift away from oil dependency, the Presidency disclosed that non-oil revenues contributed ₦15.69 trillion of the total, accounting for three out of every four naira collected. While inflation and foreign exchange revaluation played a role, it said the growth was mainly reform-driven — through Customs automation, digitised filings, tighter enforcement, and expanded compliance.

Otunba Bamidele Akingboye, the Social Democratic Party governorship candidate in the 2024 Ondo State election has died at the age of 60.

His Personal Assistant and Media Adviser, Oyeniyi Iwakun, confirmed that he passed away on Thursday at his residence in Victoria Garden City, Lagos. Born on April 2, 1964, Akingboye was a businessman, philanthropist & community leader.

He served as Chief Executive Officer of Benshore Maritime & Clog Oil Systems, as well as President of WeAfrica Group. He also held the traditional title of Olowomeye I of Ikaleland. He is survived by his wives, children, grandchildren & siblings. The family said burial arrangements will be announced later.

In his tribute, Ondo SDP Chairman, Ebenezer Akinbuli, described Akingboye as a visionary leader committed to service. “During his campaign, he shared his vision for a brighter Ondo State, anchored on good governance, social justice & sustainable development. His passion and leadership inspired many & his legacy will endure” Akinbuli said.

He stressed that the Federal Government has not borrowed from local banks since the beginning of the year, underscoring the impact of the improved fiscal position.

The Presidency further explained that the revenue surge has boosted allocations at the Federation Account Allocation Committee (FAAC), with disbursements to states and local governments exceeding ₦2 trillion in July for the first time in history.

This, it said, has provided subnational governments with greater resources to fund food security, infrastructure, and social services. It, however, admitted that despite the record revenue, allocations are still insufficient to meet the administration’s ambitions in education, health, and infrastructure.

Highlighting the shift away from oil dependency, the Presidency disclosed that non-oil revenues contributed ₦15.69 trillion of the total, accounting for three out of every four naira collected. While inflation and foreign exchange revaluation played a role, it said the growth was mainly reform-driven — through Customs automation, digitised filings, tighter enforcement, and expanded compliance.

Oyo Lawmaker Questions “Secret” N300B Loan Approval

Hon. Shittu Ibraheem, representing Saki West constituency, has flagged the approval of a N300 billion loan for Oyo State, describing it as secretive and unauthorized. The loan, approved on August 19 and perfected on August 26, allegedly occurred during a 6-week House recess.

Ibraheem distanced himself from the approval and questioned why the loan was needed, citing a 500% increase in FAAC allocations to the state.

Financial records show Oyo State had already borrowed N93.4 billion in Q2 2025 and spent N18.6 billion on debt servicing in the first half of the year. Critics also questioned a recent N63.5 billion overhaul of Government House.

#OyoState #Transparency #Governance #Nigeria #PublicFunds

FG, state, local governments share N2.001trn July revenue.

The three tiers of Nigerian government, federal, state, and local government councils, have shared the total of N2.001 trillion, being the July 2025 Federation Account Revenue.

The revenue was shared at the August 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

The N2.001 trillion total distributable revenue comprised distributable statutory revenue of N1,282.872 trillion, distributable Value Added Tax (VAT) revenue of N640.610 billion, Electronic Money Transfer Levy (EMTL) revenue of N37.601 billion, and Exchange Difference of N39.745 billion.

A communiqué issued by the Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N3,836.980 trillion was available in the month of July 2025.Total deduction for cost of collection was N152.681 billion, while total transfers, interventions, refunds, and savings were N1.683471 trillion.

According to the communiqué made available to DAILY POST by the spokesperson for the Office of the Accountant General of the Federation, gross statutory revenue of N3,070.127 trillion was received for the month of July 2025. This was lower than the sum of N3,485.235 trillion received in the month of June 2025 by N415.108 billion.

Gross revenue of N687.940 billion was available from the Value Added Tax (VAT) in July 2025. This was higher than the N678.165 billion available in the month of June 2025 by N9.775 billion.

The communiqué stated that from the N2,000.828 trillion total distributable revenue, the Federal Government received a total sum of N735.081 billion and the State Governments received a total sum of N660.349 billion.

The local government council received N485.039 billion, while the sum of N120.359 billion (13% of mineral revenue) was shared with the benefiting state as derivation revenue.

News Brief: Tinubu Must Lead on Social Welfare, Not Delegate to Governors — Falana.

Prominent human rights lawyer Femi Falana (SAN) has urged President Bola Tinubu to take direct responsibility for combating poverty in Nigeria, rather than deferring social welfare duties to state governors.

In a statement on Sunday, Falana reacted to Tinubu’s recent plea to APC governors to “wet the grass” by addressing grassroots economic hardship. While acknowledging the President’s concern, Falana insisted the Federal Government must move beyond appeals and fully fund existing national welfare programmes.

He criticised the 2025 budget allocation of ₦32.7 billion to the National Social Investment Programme (NSIP), comparing it unfavorably to the ₦39 billion reportedly spent on the International Conference Centre renovation. “This government cannot justify underfunding welfare while indulging in expensive renovations,” Falana said.

He called for a ₦5 trillion investment in the NSIP, which supports youth employment, school feeding, soft loans, and cash transfers for vulnerable households. Falana also called out wasteful spending in the 2025 budget, citing ₦6.93 trillion in padded projects exposed by BudgIT.

With ₦11.195 trillion disbursed to states via FAAC in the last year, Falana said resources are available—what’s lacking is political will and prioritization.

He also demanded multi-stakeholder oversight for NSIP funds, including civil society and trade unions, to ensure transparency and real impact.

#FemiFalana #TinubuAdministration #SocialWelfare #NSIP #NigerianPovertyCrisis #Budget2025

MAY 2025 FEDERATION ACCOUNT REVENUE: FEDERAL, STATES & LGCs SHARE 1.659 TRILLION NAIRA

A total sum of N1.659 trillion, being May 2025 Federation Account Revenue has been shared to the Federal, States and the Local Government Councils.

The revenue was shared at the June 2025 Federation Account Allocation Committee (FAAC) meeting held in Abuja.

The N1.659 trillion total distributable revenue comprised revenue of N863.8 billion, Value Added Tax (VAT) revenue of N691.7billion, Electronic Money Transfer Levy (EMTL) revenue of N27.667 billion and Exchange Difference revenue of N76.614 billion.

The Federation Account Allocation Committee (FAAC) indicated that total gross revenue of N2.942 trillion was available in the month of May 2025. Total deduction for cost of collection was N111.908 billion while total transfers, interventions and refunds was N1.171 trillion.

The Gross revenue of N2.094 trillion received in the month of May 2025, is higher than the sum of N2.084 trillion received in the month of April 2025 by N10.023 Billion.

In May 2025, Companies Income Tax (CIT), Value Added Tax (VAT) and Import Duty increased significantly while CET Levies, Petroleum Profit Tax (PPT), Oil and Gas Royalty and Electronic Money Transfer Levy (EMTL) recorded decreases, while Excise Duty increased only marginally.