News
Senate Gives FG Ultimatum To Submit Budget Performance Report

The Senate on Thursday directed the Minister of Finance, Wale Edun, Accountant-General of the Federation, Samsudeen Ogunjimi and Director-General of Budget Office, Tanimu Yakubu, to submit a comprehensive performance report on the 2024 budget within two weeks.
Analysts have expressed concerns that the move could delay President Bola Tinubu’s presentation of the 2026 fiscal proposal to the National Assembly.
The upper chamber, through its Committee on Finance, warned that the report must also capture projections for the capital component of the 2025 budget before consideration of the Medium-Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) for 2026–2029 can proceed.
The order came from the Senate Committee on Finance, chaired by Senator Mohammed Sani Musa (Niger East), after a one-and-a-half-hour closed-door meeting with the three top officials.
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The MTEF/FSP is a critical fiscal planning document that provides the foundation for Nigeria’s annual budget.
It outlines the Federal Government’s macroeconomic assumptions, revenue projections, spending priorities, and debt management strategies over three years.
Under the Fiscal Responsibility Act, the document must be approved by the National Assembly before the President can present the next budget.
But Musa insisted the Senate’s consideration of the MTEF/FSP for 2026–2029 would only follow after the submission of the requested documents on October 23.
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“The expectations we are having are for the ministry to, as a matter of urgency, bring the MTEF for 2026 to 2029. The minister has briefed us, and we have collectively agreed that we are making progress, but we need to make more progress,” Musa told journalists after the session.
“We have heard from the Accountant-General and the Director-General of Budget on where we are with the budgets — the payments so far released, warrants signed, as well as the 2025 authority to incur expenditure for agencies to be able to execute their capital projects.
“We have all agreed that we want documented evidence of the performance of 2024 and our expectations for the 2025 budget before we start talking about the MTEF for 2026. The Honourable Minister of Finance has agreed to oblige us with that progress report, and we will reconvene on October 23,” he added.
Before the meeting went behind closed doors, committee members were confronted with conflicting accounts of budget performance from the Federal Government’s economic team.
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While Finance Minister Wale Edun claimed the implementation of the capital components of the 2024 and 2025 budgets was recording “high performance,” the Director-General of the Budget Office, Tanimu Yakubu, painted a more sobering picture.
According to Yakubu, the assumptions underpinning both fiscal years’ budgets were largely unmet due to global and domestic shocks.
“We have indeed had a turbulent year — one in which most of the assumptions underpinning the 2024 and 2025 budgets turned out differently from projections. Oil revenue, assumed at $75 per barrel, fell short by between $10 and $15 due to global price fluctuations.
“Inflation also rose beyond projections, affecting borrowing costs and debt service performance, which significantly exceeded targets. Furthermore, the unforeseen fiscal implications of the Petroleum Industry Act (2022) have compounded our challenges.
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“Under the Act, 30 per cent of gross oil revenue and 30 per cent of oil and gas profits are retained for upstream operations, while the Federal Government also bears the NNPC’s operating costs.
“This has reduced the Federation Account allocation by nearly 70 per cent of what used to accrue. In addition, crude oil output has been lower than projected in the MTEF approved by the National Assembly,” he said.
The Senate’s insistence on a detailed performance evaluation comes amid rising fiscal pressures, declining oil revenue, and increasing debt service costs — all of which could complicate the formulation of the 2026–2029 economic framework.
News
Children’s Day: Chaos At Ogbe Stadium As Dozens Faint

Chaos erupted on Wednesday during the Children’s Day celebration as dozens of students reportedly collapsed following a stampede triggered by the use of pepper spray.
The event,
organised by the Edo State Ministry of Education at the Samuel Ogbemudia Stadium was disrupted after some male students of Ihogbe College allegedly made uncompromising advances towards female students at the venue.
A parent who identified himself as Oboh Emmanuel said, “the behaviour of those uncultured students attracted the attention of bouncers stationed at the stadium as they rebuked the male students.”
Oboh said the affected students later regrouped and attacked the bouncers, leading to a confrontation within the crowded arena.
READ ALSO:Children’s Day: Edo Commits To Child Protection
It was gathered that in the ensuing confusion, the bouncers were reported to have deployed pepper spray in an area occupied by a large number of students.
Several students, particularly female students, reportedly fainted after inhaling the substance, while others sustained injuries after being stepped on during the ensuing melee.
The panic was said to have spread across the stadium as students, teachers and parents scampered for safety.
Many of the affected students were reportedly rushed to the Edo Specialist Hospital for medical attention.
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Reacting to the incident, Chief Press Secretary to Governor Monday Okpebholo, Dr Patrick Ebojele, said the security personnel that fired the tear gas had been detained.
He said all the students, except two, that were rushed to the hospital have been discharged.
Ebojele stated that doctors wanted to observe the students till tomorrow before allowing them to go home.
“The two students are not seriously injured. Doctors want to observe them overnight. Permanent Secretary, Ministry of Education is still at the hospital. The man who used pepper spray has been detained.
“The incident did not happen the way it is being exaggerated. All modalities were put in place to ensure the children enjoyed their day.”
News
Okpebholo Salutes Edo Muslims, Seeks Continued Support, Prayers

Governor Monday Okpebholo of Edo State has urged Muslims and all Nigerians to continue to pray for peace, unity and progress in the country even as they celebrate the annual Eid-al-Adha
The governor, who was represented by his deputy, Dennis Idahosa, stated this during the annual Eid-al-Adha celebration with Muslim faithfuls held at Government House in Benin City.
He reiterated his administration’s commitment to fairness, inclusivity and equal opportunities for all citizens irrespective of religion and tribe.
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According to him, the present administration remains determined to building a government that reflects the diversity of Edo State, noting that competent and qualified Muslims have continued to play vital roles in his government because of their capacity, integrity and commitment to service.
“As a government, we remain committed to fairness, inclusivity and equal opportunity for every Edo citizen, irrespective of religion, ethnicity or political affiliation. This is why quality and competent Muslims are serving in key positions in our administration.”
Okpebholo appreciated the Muslim community in Edo State for their unwavering support and continuous prayers for his administration, noting that such prayers and support have contributed immensely to the peace and steady development being witnessed across the state.
READ ALSO:Okpebholo Felicitates Muslims On Eid-el-Fitr Celebration
He then called on all Nigerians to use the occasion of Eid-al-Adha to pray for the administration of President Bola Ahmed Tinubu, stressing that the country needs collective prayers, unity and cooperation to overcome its present economic and security challenges.
“I urge all Muslims and indeed all Nigerians to use this occasion to pray for our dear nation and for the administration of President Bola Ahmed Tinubu. Nigeria needs our collective prayers, unity and support as we strive to overcome our challenges and build a more prosperous future for all.”
In his remarks, the Chief Imam of Edo State, Abdulfatai Enabulele, applauded the governor for what he described as remarkable developmental strides recorded in less than two years in office.
The cleric commended the administration for ongoing infrastructural development and efforts geared towards improving governance in the state, but appealed to the government to revisit and complete some abandoned projects inherited from the previous administration for the benefit of the people.
News
Children’s Day: Edo Commits To Child Protection

The Edo State Government has reaffirmed its commitment to protecting the rights of children, promoting quality education, and strengthening sports development across the state.
This assurance was given by the governor of Edo State, Monday Okpebholo, during the 2026 Children’s Day Celebration and Governor’s Cup Finale held on Wednesday at the Samuel Ogbemudia Stadium, Benin City.
Addressing pupils, students and teachers,
the governor described children as the pride of Edo State and the future of the nation.
The governor, represented by his deputy, Dennis Idahosa,
noted that the annual celebration provides an opportunity to honour their dreams, talents, and limitless potential.
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Speaking on this year’s Children’s Day theme, “Choose Kindness, Reject Bullying,” the governor said the message was timely and significant, as it emphasizes the need to create safe, supportive, and inclusive environments for children both in schools and communities.
He stated that bullying in all forms — physical, verbal, emotional, or online — has no place in society, adding that the Edo State Government remains fully committed to protecting the rights and dignity of every child.
According to him, the administration will continue to strengthen policies and programmes that promote child protection, discipline, mutual respect, and positive learning environments across schools in the State.
The governor urged children to embrace kindness, compassion, teamwork, and respect for one another, stressing that true strength lies not in intimidation but in empathy, good character, and mutual understanding.
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