Nigerian Government Plans ₦195 Billion Spending on Presidential Amnesty Programme Between 2026 and 2028 Amid Audit Irregularities A review of Nigeria’s Medium-Term Expenditure Framework (MTEF) for 2026–2028 has revealed that the Federal Government plans to spend ₦195 billion on the Presidential Amnesty Programme (PAP) over three years. The allocation includes ₦65 billion each for 2026, 2027, and 2028, adding to the ₦130 billion already spent on the programme in 2023 and 2024. The PAP, designed to rehabilitate ex-militants from the Niger Delta, has however been plagued by financial irregularities. An Auditor-General’s report uncovered over ₦6 billion withdrawn without proper auditing, tuition payments made without documentation, unaudited expenditures of ₦3.62 billion, and cash advances exceeding approved limits. These findings have raised serious concerns about transparency, accountability, and financial controls within the programme. #PresidentialAmnestyProgramme #NigeriaBudget #PublicFinance

FG, States, LGs Share ₦1.928trn November 2025 Revenue A total sum of ₦1.928 trillion, representing the November 2025 Federation Account Revenue, has been shared among the Federal Government, states, and local government councils. The revenue was distributed at the December 2025 meeting of the Federation Account Allocation Committee (FAAC), which was held in Abuja. The allocation reflects funds accrued to the federation account from various revenue sources, including oil and non-oil receipts, and is aimed at supporting the running of government activities at all levels amid ongoing economic challenges. The FAAC meeting brought together representatives of the Federal Government, state governments, and relevant revenue-generating agencies to deliberate on the disbursement. #FAAC #NigeriaEconomy #RevenueSharing #PublicFinance

Debt Drama: Tinubu’s Numbers vs CBN’s Reality President Bola Tinubu recently claimed that Nigeria’s debt service-to-revenue ratio has dropped significantly to 40%, signaling what he described as progress in fiscal management under his administration. However, this statement appears to contradict the Central Bank of Nigeria’s (CBN) latest data, which puts the figure at a staggering 112%. The discrepancy has sparked widespread concern and debate among economists, analysts, and citizens, who are questioning the accuracy of the president’s claims and the transparency of the country’s financial reporting. Experts warn that a high debt service-to-revenue ratio means a large portion of government income is being used to repay loans, leaving little room for capital projects and public services. With inflation and economic hardship already biting hard, the contrasting figures raise more questions than answers. Calls are mounting for the presidency and the CBN to clarify the conflicting statistics and provide a true picture of Nigeria’s fiscal health. #Tinubu #NigeriaEconomy #DebtCrisis #CBN #PublicFinance #DebtToRevenue