Main cover
Atiku tackles Tinubu on FG’s ‘endless borrowing’ despite N7.98trn oil windfall

*** Describes president’s economic policies as contradictory, opaque, bereft of fiscal discipline
*** Presidency alleges ex-VP Atiku paid US lobbyist $1.2m for election PR
By Uchedo Onyeoma
African Democratic Congress, ADC, presidential candidate, Atiku Abubakar, on Sunday, criticised President Bola Tinubu’s administration over its “unprecedented domestic borrowing” despite the significant windfall accruing from high international crude oil prices.
But the presidency immediately replied Atiku, criticizing him for hiring a United States, US, lobbyist with $1.2 million, in preparation for the 2027 elections, urging the former vice president to show Nigerians the report card of presidential candidate of African Democratic Congress, ADC.
Atiku, on his part, described President Tinubu’s economic management as contradictory, opaque, and bereft of fiscal discipline.
In a statement issued by his Senior Special Assistant on Public Communication, Phrank Shaibu,
Atiku noted that the Federal Government has already raised about N5 trillion from the domestic bond market in the first half of 2026, “almost 80 per cent of the total amount borrowed during the corresponding period in 2025.”
According to Atiku, such aggressive borrowing would only be understandable if government revenues had collapsed.
“The exact opposite is the case,” he said.
The former Vice President pointed out that while the 2026 Appropriation Act benchmarked crude oil at $64.84 per barrel, the average price of Brent crude, the benchmark for Nigerian oil has remained around $92 per barrel between March 1 and July 14. Nigerian crude typically trades at a premium above Brent, making the government’s earnings even higher.
He said: “This naturally raises two unavoidable questions.
“First, why is a government enjoying such an extraordinary oil windfall borrowing at almost twice last year’s pace as though the nation were in financial distress? Second, where is the money?”
Atiku explained that the difference between the budget benchmark and prevailing oil prices amounts to an additional $27.15 on every barrel of crude sold.
“At an average production of 1.5 million barrels per day, Nigeria earns an estimated $42.7 million in additional revenue daily.
“Over the 135-day period between March 1 and July 14, this translates to approximately $5.76 billion, or about N7.98 trillion.
“Nigerians deserve a full accounting of this windfall. Where has the money gone? Why is there no transparent disclosure of the proceeds from excess crude sales? Why is government borrowing heavily when oil revenues are significantly above budget projections?” He asked.
Atiku recalled that previous administrations maintained clear mechanisms for warehousing and reporting excess crude earnings through the Sovereign Wealth Fund and other established fiscal buffers.
“Today, Nigerians have been left completely in the dark. A government that cannot explain what it has done with an estimated N7.98 trillion in additional oil receipts has no moral authority to continue plunging the country deeper into debt,” he stated.
The former Vice President further lamented that despite the huge oil windfall and the removal of fuel subsidy, millions of Nigerians continue to face worsening hardship.
He noted that recent United Nations findings indicate that about 80 per cent of Nigerians cannot afford a decent meal each day, while infrastructure continues to deteriorate despite repeated promises that subsidy savings would be invested in roads, healthcare, education, and other critical sectors.
“It is increasingly evident that this administration lacks the competence, discipline, and transparency required to manage the nation’s resources.
“Rather than allowing Nigerians to benefit from favourable global oil prices, it has chosen the path of endless borrowing, mounting debt, and deepening poverty.
“An ADC administration under my leadership will pursue a fundamentally different approach. Every kobo earned above the budget oil benchmark will be transparently accounted for and managed under a rules-based fiscal framework.
“Rather than borrowing recklessly in the midst of plenty, we will deploy excess revenues to reduce the nation’s debt burden, strengthen our fiscal buffers, and invest strategically in infrastructure, education, healthcare, agriculture, and other productive sectors that create jobs and stimulate sustainable economic growth.
“We will restore transparency in the management of oil revenues by publishing regular reports on excess crude earnings and ensuring that public finances are subject to the highest standards of accountability.
“We will cut the cost of governance, eliminate waste, block leakages, and ensure that borrowing is undertaken only for productive investments capable of generating measurable economic returns, not to finance consumption or conceal fiscal irresponsibility.
“Nigerians deserve answers. They deserve accountability. Above all, they deserve a government that manages national wealth in the public interest, not one that presides over unprecedented opacity while asking future generations to repay debts incurred in the midst of plenty,” Atiku said.
Meanwhile, President Bola Tinubu’s stand was conveyed by his Special Adviser on Media and Public Communication, Sunday Dare, who stated that Nigerians demand to know the report card of the African Democratic Congress, ADC, presidential candidate, Atiku Abubakar.
In a statement he signed, Dare said the former vice president can’t take Nigeria down the path of self-destruction.
The statement reads partly: “Worse still, for a man who presumes to offer leadership to Africa’s most populous nation, his recent resort to grievance offshoring, outsourcing political warfare to Washington and reportedly paying $1.2 million to an American lobbying firm to peddle petitions against a sitting Nigerian President, stands as an affront to Nigeria’s sovereignty and a vote of no confidence in its democratic institutions.
“It is also a stinging slight, an implicit condescension directed at generations of Nigerian journalists, policy analysts, academics, and public intellectuals who have spent decades analysing, critiquing, and carrying the burden of the nation’s democratic evolution.
“The Atiku Abubakar of today cuts a pitiable figure, a grotesque portrait of what a politician becomes when ambition overwhelms judgment and every political faculty becomes programmed for self-destruction.
“No, Atiku cannot take Nigeria down that path with him. He must travel it alone. But first, Nigerians deserve Atiku Abubakar’s report card. Charity, they say, begins at home, not in Washington.
“Nigerians deserve to know whether the Atiku Abubakar who has long presented himself as a democrat is, in reality, a politician of many colours. He has erected for himself a throne built simultaneously on sand and bayonets. It is time to explode the bayonets.”
Main cover
2027: NDC to create separate IReV platform to transmit results direct from polling units

***To seek campaign funding support from Nigerians, move party away from wealthy individuals, politicians
*** I won 2023 election, will only concede if I lose in credible poll, says Obi
*** Promises to retain Tinubu’s Naira floating policy
By Tony Chuddy
As political parties mobilise to campaign across the country ahead of the 2027 general election, the opposition Nigeria Democratic Congress (NDC) said it would create a separate election result transmission device that would transmit election results direct from the various polling units across the country to its situation room.
Presidential candidate of the party, Peter Obi, said the plan is to ensure that there would be repeat of his 2023 experience, where he accused the Independent National Electoral Commission (INEC) of denying him “victory,”by blaming glitches for its inability to post real time election results to the commission’s results viewing portal, the IReV.
Obi, who said he and his supporters will not place the same level of trust in the Independent National Electoral Commission (INEC) ahead of the 2027 general election as they did in 2023, explained that the experience of the 2023 presidential election had taught him and his supporters to take greater responsibility for protecting their votes.
According to Obi, he had previously trusted assurances from the electoral commission that the 2023 election would be conducted transparently.
He alleged that the then INEC Chairman, Mahmood Yakubu, gave assurances that the commission would conduct the election properly but claimed that Yakubu was instead working in favour of his political opponents.
“In 2023 we took things for granted. We believed INEC. We believed what they said they would do.
“The INEC Chairman convinced the world that he would do the right thing, when in fact he was working for the opposition,” Obi said.
Obi said the NDC would therefore take additional steps to monitor the outcome of the upcoming 2027 election, to avoid a repeat of what happened to them in 2023.
This is even as the party said it would seek the contribution of Nigerians to fund its election campaigns.
National Leader of the NDC, Senator Henry Seriake Dickson, said the party plans to raise campaign funds through small donations from ordinary Nigerians.
Dickson, who disclosed this during an interview on Arise News’ Prime Time on Wednesday, explained that the party would appeal to Nigerians for a voluntary contribution of at leastN1,000 towards its campaign activities.
The former Bayelsa State governor argued that the decision was the initiated to move the party away from the grip of wealthy individuals and politicians, adding that it was aimed at reducing the influence of wealthy individuals and political financiers who, according to him, could use their financial power to exert undue influence on the country’s democratic process.
“You cannot allow your democracy to be funded by moneybags and billionaires who are now trillionaires using government resources. You will continue to be oppressed.
“So, we have got to help Nigerian poor people, oppressed people, break loose from the oppressors. We want a process by which Nigerians, ordinary Nigerians, can contribute N1,000, N2,000, as it happens all over the world,” he said.
He said the party wanted to create a funding model that would give ordinary citizens an opportunity to contribute directly to its political activities, adding that the NDC leadership has commenced consultations over the composition of the party’s presidential campaign council ahead of the 2027 election.
He said the NDC would announce the council’s membership after the consultations had been concluded, stressing that the party did not want to rush into publishing a list that could later be withdrawn.
“We don’t want to do what the other party in government has done, publishing something and withdrawing it,” he said.
The former Bayelsa state governor, who is also seeking a return to the senate, assured that the party would vigorously campaign for every vote and present its case directly to Nigerians.
“We will take our case to the Nigerian people, and every vote will be fought for. Every vote will be contested,” Dickson said.
He therefore called on the Independent National Electoral Commission (INEC), security agencies and other relevant institutions to ensure that the 2027 elections were conducted freely, fairly and credibly, as well as ensure that only the voted candidates are declared winners of the polls
Meanwhile, the presidential candidate of the NDC, Peter Obi, has declared that he will abide by the decision of Nigerians and concede, congratulate whoever is declared winner of the 2027 election, if the Independent National Electoral Commission (INEC) conducts a free, fair and credible election.
Obi, who maintained that he won the 2023 presidential election, but was denied his mandate by the Professor Mahmood Yakubu-led INEC, noted that Nigerians took Yakubu’s INEC for granted and believe what he described as his fake promises to conduct a credible election
Obi who made the declaration during an interview aired on Arise TV on Thursday, said he would respect the will of Nigerians if they chose another candidate.
He said, “If the election is free, fair and credible, I will because it’s an election. It’s the people that would say who they want to serve, and I will respect the will of the people; that’s democracy.
“I won the 2023 election, yes, I did, and I will maintain that as long as I live that I won the 2023 election. Those who conducted it know the records; they know why there was a glitch and what happened.
Determined to avoid a repeat of his 2023 fate, and the INEC reported glitches, the NDC presidential candidate disclosed that his team will set up a system to transmit results directly from polling units to its situation room during the 2027 general elections.
Obi emphasised that the system would enable his team to receive and monitor results from polling units as they are recorded.
The former Anambra State governor said the arrangement would operate alongside the official transmission of results by the Independent National Electoral Commission.
“We must make sure that at every polling unit, the votes are counted, the votes are recorded properly, the votes are transmitted properly.
“And we will have even a dual transmission so that as it’s going to the proper designated INEC portal, it’s also being transmitted where the people can see it,” he said.
Asked whether his plan to have separate IReV systems across the country would not amount to establishing a parallel result-transmission system, Obi said, “No, it will not.
“All we are saying is that this time around, we will make sure that in every polling unit, we must have a system that transmits to our own situation room the correct results,” he stated.
He argued that other organisations could also establish similar monitoring systems, adding that the aim was to prevent results from being announced that did not originate from polling units.
“And I’m sure there are so many other agencies that intend to do the same thing. So we’re not going to have a situation where somebody pronounces something that didn’t emanate from the polling unit. Our task is to make sure that the right things are done,” Obi said.
Obi also highlighted his educational background, listing Oxford, Cambridge, Harvard, Columbia and Kellogg among institutions he had attended.
“You can look at our qualification in terms of training. I’ve been to the best schools from all over the world, from Oxford to Cambridge, Harvard, Columbia, and Kellogg, and I’ve been everywhere, and every certificate I’m showing you is the way it is. If they find anyone wrong, I will drop from the race,” he said.
He also regretted the lack of youth representation in Nigeria’s presidency, noting that no person born after 1960 had served as president since independence.
“Since 1960, nobody born outside 1960 has been president of Nigeria. This is 66 years of independence; no other country in the world has had this happen to, and they tell youths they’re the leaders of tomorrow,” Obi said.
The National Democratic Congress presidential candidate also promised that he would retain President Bola Tinubu’s naira float policy if elected.
He however emphasised that hat his administration would focus on increasing productivity to strengthen the currency and make it more valuable to Nigerians.
The former Anambra State governor, when asked to name one policy of the Tinubu administration that he would retain if elected presidenti said, “There’s one – the floating of the Naira. I’m not going to defend it. But I’m going to put productivity to make it more valuable to the people.”
Main cover
Super Falcons, D’Tigress players, officials receive FG’s $150,000 reward

By Eze Nnadi
The federal government has redeemed its financial and house pledges to the players and officials of both the Super Falcons and D’Tigress football and basketball teams, following their victories at the 2025 Women African Football Cup of Nations (WAFCON) and Federation of International Africa Basketball (FIBA) Women Afrobasket championship.
The National Sports Commission, in a statement on Thursday, confirmed the payment of the naira equivalent of $100,000 to each player of Nigeria’s senior women’s football and basketball team, as part of the Presidential Reward for their victory at the 2025 WAFCON and FIBA Women’s Afrobasket.
The commission also confirmed the payment of the naira equivalent of $50,000 to each of the two team’s officials.
The statement further noted that accounts of the players and officials were credited on September 9, 2026, with the NSC saying all recipients had confirmed receipt of the funds.
D’Tigress won the FIBA Women’s Afrobasket title for a record fifth consecutive time and seventh overall in 2025., while the Super Falcons, who recently crashed out of the 2026 edition of WAFCON, won a record tenth championship last year.
The commission said the payment completed all components of the rewards promised to members of the team by President Bola Tinubu.
The NSC, in a statement signed by its Director of Information and Public Relations, Kehinde Ajayi, said the Presidential Rewards comprised three-bedroom flats in Abuja, national honours of the Order of the Niger and the cash payments.
The commission recalled that the players and officials received the title documents for their three-bedroom apartments in Abuja and certificates of national honours in February 2026 during the FIBA World Cup qualifiers in Lyon, France.
The NSC said the documents were duly signed by the president of the Federal Republic, Bola Tinubu.
The statement said, “With the payment, the entire presidential rewards promised to each member of the team by President Bola Ahmed Tinubu GCFR comprising a 3-Bedroom flat in Abuja, national honours of OON and Naira equivalent of $USD 100,000 to players and $USD 50,000 to officials have been fully redeemed and completed.
“This unprecedented rewards to the players and athletes by the Federal Government of Nigeria is in alignment with the Renewed Hope initiative and Shared Prosperity agenda of President Bola Ahmed Tinubu GCFR which places athletes’ welfare and appropriate rewards top on the priority list.”
The commission thanked Tinubu for his support for Nigerian sports, saying his policies had given impetus to its reform agenda and efforts to develop a sustainable sports economy.
It also appreciated the Minister of Finance and Coordinating Minister of the Economy, the Minister of the Federal Capital Territory, the Minister of Housing and Urban Development, the Minister of Special Duties and Inter-Governmental Affairs and the Office of the Accountant-General of the Federation for their collaboration in implementing the rewards.
The NSC said the collaboration ensured that the Presidential Rewards were implemented “in record time within the due process requirements.”
Main cover
Nigerian workers demand ₦300,000 minimum wage

*** Want. N1.5m monthly for grade level 17 officers
By Nkem Okereh
As Nigerians groan under the hardship that has trailed the Federal Government’s economic reforms, workers at the federal level have demanded an immediate shift from the current N70,000 minimum wage labour negotiated with the federal government, few years ago
Making the demand through the Federal Workers’ Forum, the group called for an increase in the federal minimum wage from ₦70,000 to ₦300,000, arguing that the current salary structure can no longer sustain civil servants amid Nigeria’s rising cost of living.
The forum made the demand in a letter dated September 2, 2026, addressed to President Bola Tinubu, the National Assembly, and copied to the Chief Justice of Nigeria and Head of the Civil Service of the Federation
The workers in their demand, also proposed a new salary structure that would place the highest-paid Level 17 officer on ₦1.5 million monthly, while Level 1 Step 1 workers would earn ₦300,000.
Recall that the Nigeria Labour Congress (NLC), and Trade Union Congress (TUC) has presented similar request to the federal government, citing the continued high cost of living that trailed the removal of petrol subsidy and floating of the Naira, since the president Bola Tinubu led All Progressives Congress (APC) adminstration came into office in May 2023
“We call for justice and immediate wage review now, adjust the federal minimum wage to ₦300,000 and a maximum wage of ₦1.5m for the Level 17 officers.
“We have been in the battle for full consequential adjustment of the new minimum wage,” the workers union stated in their letter, while stating that the federal government had not fully implemented the 2024 minimum wage agreement, as federal workers had yet to receive the full consequential adjustment and associated allowances.
The forum noted that the 2024 wage review raised the minimum wage from ₦30,000 to ₦70,000 but resulted in what it described as a uniform ₦40,000 increase across federal civil service salary levels.
“The proposed structure would set salaries at ₦330,000 for Level 2, ₦360,000 for Level 3, ₦390,000 for Level 4, ₦420,000 for Level 5, ₦450,000 for Level 6 and ₦480,000 for Level 7. It proposed ₦510,000 for Level 8, ₦550,000 for Level 9, ₦600,000 for Level 10, ₦700,000 for Level 12, ₦750,000 for Level 13, ₦800,000 for Level 14, ₦1 million for Level 15 and ₦1.2 million for Level 16,” the forum stated
The workers cited the sharp.increase in the prices of food, transport, accommodation, electricity, cooking gas, data and other household expenses as reasons which had made the existing minimum wage inadequate, adding that some federal workers had resorted to borrowing from microfinance institutions and digital loan platforms to meet basic expenses.
The forum further demanded payment of outstanding salaries, promotion arrears and other entitlements, alongside the immediate implementation and payment of arrears of the 40 per cent peculiar allowance and a permanent Cost of Living Allowance.
It also urged the federal government to introduce family support allowances, and end the stagnation in the civil service, comprehensive health insurance for workers and pensioners, car and housing loan schemes, improved pension arrangements and free education for workers’ and pensioners’ children in federal institutions.
They further called on the National Assembly to press the President to act before July 2027, when the statutory three-year review of the minimum wage would ordinarily fall due, arguing that workers could not wait that long under current economic conditions.
-
Politics5 days agoYou have demonstrated diligence, loyalty, statesmanship in leadership, Ekechi salutes Shetimma at 60
-
Politics4 weeks ago2027: Advertising experts raise concerns over irregular regulation of sector
-
FCT News4 weeks ago
2027: Hasana-Moneme pledges skills, empowerment, credit access for FCT women
-
General News1 month ago
2027: Dame Princess Esom-Nwafor Orizu confirmed as APC flagbearer for Nnewi North /South /Ekwusigo Federal Constituency as INEC releases names of candidates
-
Uncategorized2 months ago
Rescue of Oyo schoolchilden: Tinubu commends security agencies, says action breakthrough in fight against criminality
-
General News3 weeks ago
Chi-Jenco CEO, Jude Orji loses mother
-
Uncategorized2 months ago
PCC Anambra Commissioner pays courtesy visit to FRSC sector commander
-
Uncategorized2 months ago
INEC flags off Mega Continuous Voter Registration Centre, enrols 31,835 new voters
