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Presidency: Why Buhari Signed 2022 Budget Despite Insertion Of 6,576 New Schemes

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The Presidency Sunday night said that President Muhammadu Buhari signed the 2022 Appropriation Bill into law despite the insertion of 6,576 new schemes worth N37 billion because he did not want to “throw away the baby with the bathwater.”

According to a statement by Garba Shehu, Senior Special Assistant to the President (Media & Publicity) which gave the president’s rationale for the action,  even though Buhari had a disagreement with the National Assembly over the changes made in the budget, he was not in conflict with the legislators.

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The statement accused unnamed critics of deliberately trying to create a fiasco between the president and the legislature.

Explaining the need for the president to give his assent to the budget because of the other provisions contained in it, the statement said: “Given Mr President’s commitment to improving the lot of the Common Man, it was felt that it would not be wise to throw away the baby with the bathwater. “

READ ALSO: Wike Knocks Buhari For Signing 2022 Budget Despite ‘Worrisome’ Alterations

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The statement further explained Buhari’s rationale for assenting to the bill: “Mr President was clear and candid in expressing his reservations with the numerous changes to the 2022 Budget made by the National Assembly, which would hamper its implementation. 

“However, to respond to critics that question why assent to the Budget if it was so severely tampered with, we wish to respond as follows:

“Need to Save Value-Additive Projects, Programs & Policies:

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“Although over 10,733 projects were reduced and 6,576 new projects were introduced into the budget by the National Assembly, there are tens of thousands more provisions in the 2022 Budget, all of which, when efficiently and effectively implemented, will have a significant developmental impact on the lives and livelihoods of ordinary Nigerians.”

“Ongoing Capital Projects, Critical Recurrent Votes, Priority New Projects – all feature in the 2022 Budget and Mr President’s forbearance in assenting to the Budget will save these provisions from implementation delays and other challenges. 

“Dealing with Modern Democratic Norms: 

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“President Buhari is a democrat who deeply believes in the supremacy of the Constitution, with its checks and balances across the three arms of Government,” it added.

The Presidency maintained that while it is true that the president expressed disagreement with insertions and the other alterations, including the ‘reduction in the provisions for many strategic capital projects to introduce ‘Empowerment Projects,’ “innumerable lies are being spread about the President being ‘angry’ at, had ‘blasted’ or ‘lashed out’ at the Parliament. 

“This cannot be farther from the truth.”

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The statement pointed out that as the President of the Senate, Dr Ahmed Lawan said shortly after the budget-signing ceremony, disagreements as the ones listed by the president are normal in the everyday Executive-Parliamentary relationship because, as he explained, “executive and legislative judgements don’t always have to be the same.”

The statement added: “While we note that there are people who are trying to create a fiasco between the two arms of government on account of the budget, we assure that they will, in the end, be disappointed. 

“The Executive and the 9th National Assembly have since moved away from the wild, destructive political games of the past, conducting themselves in a way that puts national interest supreme in their decisions. 

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“We doubt if there is a patriotic citizen who wants to see the return of the operating environment engendered by the 8th Senate when an elected government was held in chains, held hostage to the desperate political ambitions of a clique, and the public denied needed services including that which impinged on national security. Happily, the 9th National Assembly is more about policy than politics.

“Under the constitution, both arms of government are coequal and at the same time, independent and interdependent. The rule of the game is cooperation and the President, as a democrat fully accepts this.”

The Presidency affirmed that it is at the discretion of the National Assembly to override the president’s action where if he had vetoed the bill, a measure, it pointed out had not been exercised under the current dispensation.

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The statement further said: “In terms of the passage of legislations like the Appropriation Act and other Money Bills, the National Assembly has equal responsibilities with the Executive. 

“Indeed, if Mr President had declined assent to the 2022 Appropriation Bill, the National Assembly has powers to override the President’s veto if they can drum up a 2/3 majority vote. This is the constitution. 

“Happily, this situation has not arisen during the tenure of Mr President’s Administration, and the Executive’s relationship with the Leadership of the 9th National Assembly is much improved over what happened with the 8th National Assembly. 

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READ ALSO: Buhari Lists 15 ‘Worrisome Changes’ To 2022 Budget By National Assembly

“It is on account of his confidence in the strength of this excellent working relationship that Mr President has directed that an Amendment Budget Proposal should be prepared and submitted to the National Assembly, once they return from their recess. 

“It is hoped that the National Assembly will carefully consider and approve the 2022 Amendment Budget Proposals, once presented to them in due course, for the benefit of all Nigerians.

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“It is important therefore that, in place of “anger” or confrontation, President Buhari showed the democracy-loving side of his personality as he signed the budget at the same time calling for dialogue with the parliament to resolve the contentious issues.

“The Presidency under Muhammadu Buhari and the parliament under Lawal and Gbajabiamila are committed to a good neighbourly relationship and this or any other disagreement between the two arms of government will not alter the dynamics of that relationship.”

(TRIBUNE)

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NNPCL Reduces Fuel Price After Dangote Refinery’s Adjustment

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The Nigerian National Petroleum Company Limited has reduced its premium motor spirit pump price on Thursday, according to DAILY POST.

It was confirmed that NNPCL retail outlets in the Federal Capital Territory, Abuja, have reduced their pump price to N890 per litre from N945.

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This new fuel price has been reflected in NNPCL retail outlets such as mega station Danziyal Plaza, Central Area, Wuse Zone 4, Wuse Zone 6, and other of its filling stations in the nation’s capital.

READ ALSO:N5bn Damage: NNPCL Secures Appeal Court Victory Against Ararume

The latest downward review of fuel price in NNPCL outlets represents an N55 reduction in fuel pump price.

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It was reduced to N890 per litre this afternoon, down from N945,” an NNPCL fuel attendant told DAILY POST anonymously on Thursday.

This comes a Nigerian filling station, MRS Empire Energy, on Thursday adjusted their fuel pump price to N885 and N946 per litre, down from N910 and N955 per litre.

The latest fuel price reduction trend is unconnected to Dangote Refinery’s ex-depot petrol price adjustment by N30 to N820 per litre from N850 and the price of crude oil in the international market.

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Dangote Refinery Reduces Fuel Price

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Dangote Petroleum Refinery has announced a reduction in the ex-depot (gantry) price of Premium Motor Spirit, PMS, commonly known as petrol, by N30, from N850 to N820 per litre, effective from August 12, 2025.

This was disclosed in a statement by the company’s spokesman, Anthony Chijiena, on Tuesday.

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The 650,000-barrel-per-day plant said the move is part of its unwavering commitment to national development, assuring the public of a consistent and uninterrupted supply of petroleum products.

READ ALSO:Dangote Refinery Gets New CEO

In line with our dedication to operational excellence and sustainable energy solutions, Dangote Petroleum Refinery will commence the phased deployment of 4,000 CNG-powered trucks for fuel distribution across Nigeria, effective August 15, 2025,” said Chijiena.

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The announcement comes as the refinery prepares to commence direct fuel distribution nationwide. The development is expected to lead petroleum product marketers to reduce their pump prices in the coming days.

In Abuja, the retail fuel price stood between N885 and N970 per litre as of Tuesday evening.

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Indian Refiners Abandon Russia For Nigerian Crude, As Dangote Refinery Relies On US

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India Refineries have abandoned Russian crude for Nigerian crude, while domestic refiner Dangote Refinery relies heavily on West Texas Intermediate crude from the United States of America.

This followed a recent sanction threat by US president Donald Trump on India over continued patronage of Russian crude.

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According to Reuters, industry sources said that Indian Oil Corporation recently bought one million barrels of Nigeria’s Agbami crude for September 2025 delivery in a tender awarded to global trader Trafigura.

Also included are one million barrels of Angola Girassol, one million barrels of US Mars, three million barrels of Abu Dhabi Murban, and two million barrels of Nigerian oil, according to Reuters.

READ ALSO:‘My Eyes Dey Your Body’: Drama As Portable Professes Love For Regina Daniels

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The report noted that the purchase is part of a broader sourcing spree that has seen Indian refiners secure millions of barrels from non-Russian sources post July 2025.

Meanwhile, Indian refiners secured purchases of Nigerian crude grades; the $20bn Dangote Petroleum Refinery in Ibeju-Lekki, Lagos, is relying on around 60 percent on US and other imoorts to feed its processing units.

Data showed that the refinery imported an average of 10 million barrels in July 2025, saying it was increasingly relying on the US for its feedstock despite the naira-for-crude deal with the Federal Government, which kicked off in October last year.

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According to Reuters, the Indian Oil Corp and Bharat Petroleum have bought a million barrels of non-Russian crude billed for delivery in September and October after the US pressured India to halt purchases from Russia.

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Indian state refiners had been largely absent from the Nigerian crude market spotlight since 2022; they have in the past concentrated on Russian crude amid the Russian-Ukrainian war. However, the Indian refiners paused Russian purchases in late July 2025 after pressure from US President Donald Trump.

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On the part of Dangote Refinery, data from commodities analytics firm Kpler showed that in July, US barrels accounted for about 60 percent of Dangote’s 590,000 barrels per day of crude intake, with Nigerian grades making up the remaining 40 percent.

In July, the Dangote refinery’s crude imports surged to a record 590 kbd—driven largely by US barrels overtaking Nigerian supply for the first time—amid ongoing domestic sourcing challenges, Kpler reports.

“While WTI has held a significant share in Dangote’s import slate since March, this is the first time US crude has overtaken Nigerian supply—a shift driven by several factors,” Kpler stated.

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