News
Buhari To Borrow N819.5 Billion To Finance 2022 Supplementary Budget

President Muhammadu Buhari has asked the House of Representatives to approve N819.5 billion supplementary budget for 2022.
In a letter read by Speaker Femi Gbajabiamila on Wednesday, President Buhari said the budget will be financed with new domestic borrowing.
He noted that if the supplementary budget is approved, it will take a total deficit in 2022 to N8.17 trillion.
Mr Buhari explained that the country decided to explore a supplementary budget because of the impact of flood and the need to complete major roads that are at 85% completion.
“The president writes that 2022 has witnessed the worst flood incident in recent history which has caused massive destruction of farmlands at a point already close to harvest season, this may compound the situation of food security and nutrition in this country,” the letter reads.
Adding that “The flood also devastated the road infrastructure across the 36 states and the FCT. It has affected several sections of major roads and bridges nationwide that are critical to the movement of goods and services. The water sector was equally affected by the flood, and there is a need to complete some ongoing projects that have achieved 85% completion across the country.”
READ ALSO: Finance Minister Clears Air On N424bn Budget Padding
The letter was referred to the House Committee on Appropriation for further legislative action.
In another letter, President Buhari also informed the lawmakers that the government will take another N1 trillion loan from the CBN through ways and means.
He said the additional N1 trillion will take the total obligation to CBN to N23 trillion which the government seeks to convert to bonds.
The letter was referred to Committees on Finance, Banking and Currency, Loans, Aid and Grant.
News
Tinubu Unveils Plan To Restart Oil Production In Ogoniland

President Bola Tinubu has moved to restart oil production in Ogoniland in Rivers State.
The president disclosed this on Wednesday when he conferred posthumous national honours of Commander of the Order of the Niger, CON, on the late Ogoni four; Albert Badey, Edward Kobani, Theophilus Orage, and Samuel Orage.
Conferring the honours at the Presidential Villa in Abuja, Tinubu urged the Ogoni people to embrace reconciliation and unity after decades of division.
READ ALSO:Teacher In Police Net For Tying, Beating Pupil In Bauchi
He assured them of his administration’s support for peace, environmental remediation, and economic revival in the land.
“I am encouraged by the overwhelming consensus of the Ogoni communities to welcome the resumption of oil production.
“The government will deploy every resource to support your people in this march towards shared prosperity,” he said.
READ ALSO:Nigeria Ready, Willing To Host Commonwealth Games — Tinubu
The president directed the National Security Adviser, NSA, Mallam Nuhu Ribadu, to begin engagements between Ogoni communities, NNPCL, and other stakeholders to finalise modalities for restarting operations.
Earlier in his report, the NSA stated that the consultations engaged all four Ogoni zones and the diaspora, capturing demands for structured participation in oil production, accelerated cleanup, and sustainable development.
News
Former Oyo Police Commissioner Is Dead

A Former Commissioner of Police in Oyo State, Abiodun Odude is dead.
The shocking news of his death was shared by the Chairman, Ibadan branch of Government College, GCI Old Boys Association, Akin Orowale on the Association’s platform.
Abiodun Odude, an old boy of GCI, served as Oyo CP between 2017 and 2019.
In the meantime, reactions have continued to trail the death of Odude.
READ ALSO:Saudi Arabia’s Grand Mufti Is Dead
A former Director General, Oyo State Signage and Advertisement Agency (OYSAA), and GCI OBA stalwart, Dr Yinka Adepoju posted this on platform.
“Hmmm, another deep cut in the GCI Old Boys Association and Boys of 71 Set in particular!
“May the Soul of Biodun rest in peace as l pray that the Lord comforts all members of this Great 71Set and his entire family members, ‘Yinka Adepoju @71, 2356# Grierson”
“So sad to lose such a personality NOW. But what can we do? Nothing absolutely than to wish him eternal rest and divine consolation to the loved ones left behind, particularly his immediate family and GCIOBA,” another old boy, who is an Ibadan based politician, Mr Adeniyi Adeoti said.
The late Odude served in the Intelligence Department, Zone 2, Lagos State as Deputy Commissioner of Police, CID, Panti, Yaba; he was Commissioner of Police, Administration; Department of Finance and Admin., Force Headquarters, Abuja.
News
Lagos Govt Gives Computer Village Traders Ultimatum To Relocate To Katangowa

The Lagos State Government has given traders at the popular Computer Village in Ikeja an 18-month deadline to move to a new permanent site at Katangowa, in the Agbado/Oke-Odo Local Council Development Area.
The Permanent Secretary of the Ministry of Physical Planning and Urban Development, Gbolahan Oki, disclosed this during a stakeholders’ engagement with market leaders and traders on Tuesday.
According to him, the state government has provided the necessary infrastructure and facilities at the Katangowa site to ensure a conducive business environment once the relocation takes effect.
READ ALSO:Lagos Begins Monitoring As Schools Resume
“The government wants your cooperation to ensure the relocation comes to pass. The time is now. We have to make the project a reality. The relocation period is 18 months,” Oki said.
He explained that Computer Village currently sits on land originally designated as a residential area, which over time was converted into a bustling commercial hub without formal approval from the government.
Oki also revealed that plans to move traders from Ikeja to Katangowa have been in the works since 2006 but were stalled due to delays in completing the new site.
READ ALSO:Police Reveal Cause Of Death Of Bodies Found On Lagos Riverbank
Emphasizing Governor Babajide Sanwo-Olu’s commitment to inclusive governance, he noted that the stakeholders’ meeting was convened to carry traders along in the government’s plans.
“The governor is passionate about infrastructure development and the welfare of Lagosians. Katangowa has been designated as the permanent site for this market. It sits on 15 hectares of land, well-planned and strategically located near essential resources for your businesses.
“The present location in Ikeja was never meant to serve as a trading hub. What we are offering at Katangowa is a structured market environment that supports growth while addressing environmental and urban planning concerns. We want to work with you and jointly plan this relocation,” Oki said.
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