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Budget: Osinbajo Responds To Senate Ultimatum; Directs NNPC, Others To Comply

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The acting president, Yemi Osinbajo, has issued an executive order outlining the timeline and procedure for government offices to submit their yearly budgets, less than two days after the Senate demanded offices comply with the relevant fiscal law within two weeks.

The Senate had on Wednesday asked Mr. Osinbajo to ensure the submission of the budgets of 31 government establishments, including the Nigerian National Petroleum Corporation and the Nigerian Ports Authority.

Section 21 of the Fiscal Responsibility Act demands that proposed revenue and expenditure of the mostly 31 revenue-generating and state-owned companies be submitted to their supervisory ministers not later than end of August of each financial year.

Lawmakers have for years accused powerful agencies like the state oil firm, NNPC, of non-compliance.

The Senate said the executive had breached the law “year in year out”, and issued a two-week ultimatum for compliance.

Mr. Osinbajo responded Friday with an executive order warning relevant offices of “appropriate sanctions” if they fail to comply henceforth.

According to the order, all agencies of government, including those not listed in the Fiscal Responsibility Act, are to prepare and submit their budgets for the next three years to the Minister of Finance and the Minister of Budget and National Planning on or before the end of May every year.

The agencies are then expected to submit their annual budgets derived from estimates of revenue and expenditure projected in the three-year schedule to the ministers, on or before end of July – a month earlier than provided for by the Act.

Afterwards, the budgets would be transmitted to the National Assembly for approval.

The acting president also directed government agencies to stop spending on any capital or recurrent expenditure, except personnel costs, pending approval of their budgets.

*Read the full text of the executive order*

All Agencies, whether or not listed in the Fiscal Responsibility Act, shall, on or before the end May every year, cause to be prepared and submitted to the Minister of Finance  and the Minister of Budget and National Planning their schedule of revenue and expenditure estimates for the next three financial years.

2. All Agencies shall, on or before the end of July every year, cause to be prepared and submitted to the Minister of Finance and the Minister of Budget and National Planning their annual budget estimates, which shall be derived from the estimates of revenue and expenditure as projected in their three-year schedule.

3. A joint committee of the Ministries of Finance, and the Budget and National Planning shall review such estimates and ensure their conformity with the national plan and the financial and budgetary regulations before processing them for approval and early transmission to the National Assembly.

4. Supervising Ministers and Heads of Agencies as well as the Chief Executive Officers of Government owned companies shall verify that the process of preparation, harmonisation and collation of budget estimates are as stipulated in relevant laws and guidelines as well as ensure strict compliance with this Executive Order.

5. Except with the express consent of the President, no payment shall be made in respect of any capital or recurrent liability of an Agency, other than payment of due salaries and allowances, unless the Agency has an approved budget and the payment is in conformity with the approval.

6. Heads of Agencies and Chief Executive Officers of Government owned companies shall take personal responsibility and be subject to appropriate sanctions for any failure to comply with this Order.

7. Any revenue or other funds of an Agency in excess of the amounts budgeted and duly expended shall accrue to the consolidated revenue fund of the Federal Government.

8. This Executive Order shall take effect immediately.

Dated this 18th day of May 2017.

SIGNED BY

Prof. Yemi Osinbajo, SAN, GCON

Acting President of the Federal Republic of Nigeria.

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South East NUJ hosts homecoming, awards Chris Isiguzo Lifetime Achievement Honour

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The immediate past National President of the Nigeria Union of Journalists (NUJ), Chief Dr. Chris Isiguzo (MFR), has been celebrated with a Lifetime Achievement Award by journalists from the South East Zone C during a special homecoming held in his honour at the NUJ Enugu Council Press Centre.

Speaking at the event, NUJ Vice President (South East), Comrade Ezenwa Adiuku, said the recognition was in appreciation of Isiguzo’s remarkable leadership and contributions during his tenure as National President. He described him as “a pathfinder, a trailblazer, a mentor, and a leader,” noting that he positioned the South East as a strong voice within the Union.

Chairman of the occasion and SSA to the Enugu State Governor on External Media Relations, Mr. Uche Anichukwu, stressed the importance of quality leadership recruitment in a democracy, urging citizens to reject vote buying and selling. He charged the media to intensify civic education to ensure credible leadership choices.

The current NUJ National President, Comrade Alhassan Yahya, praised the South East leadership for honouring Isiguzo, adding that it was the first time a sitting national president would honour his predecessor. He expressed confidence in the new Enugu Council leadership under Comrade Obinna Ogbuka, urging members to give full support.

In his response, Isiguzo expressed gratitude to the Union, recounting his administration’s achievements such as member registration, creation of the NUJ website, restoration of peace in councils, improved relations with state governments, and enhanced staff welfare.

Delivering a keynote address on “Leadership Recruitment Amid Challenges of Poverty: The Role of the Media”, UNN Vice Chancellor, Prof. Simon Uchenna Ortuanya, represented by Prof. Olaiwola Usman, linked Nigeria’s poverty crisis to poor leadership choices, stressing the media’s role in promoting credible recruitment of leaders.

The high point of the ceremony was the presentation of the NUJ South East Zonal Lifetime Achievement Award portrait to Isiguzo by Comrade Yahya, alongside tributes from NUJ and NAWOJ leaders.

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NSITF mourns Afriland Towers fire VICTIMS, calls for stronger workplace safety

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The Nigeria Social Insurance Trust Fund (NSITF) has expressed deep sorrow over the lives lost in the recent fire at Afriland Towers on Broad Street, Lagos.

The Fund said its thoughts are with the families, colleagues, and organisations affected, including the Federal Inland Revenue Service, United Capital Plc, UBA, Afriland Properties, and others.

NSITF’s Managing Director and Chief Executive, Barr. Oluwaseun Faleye, sent heartfelt condolences, saying: “Our hearts go out to those who have lost loved ones. We stand with you in this time of grief.”

He also commended the courage of emergency workers and the swift action of the Lagos State authorities in containing the situation.

To support those affected, NSITF has activated its Lagos support desk to work with employers, families, and government agencies. The desk is helping with incident reports, claims processing, and benefits under the Employees’ Compensation Scheme.

This covers dependants of the deceased as well as rehabilitation support for survivors. “Our case officers are ready to guide families and employers every step of the way,” Faleye assured.

The Fund noted that the tragedy highlights the importance of workplace safety and the need for organisations to take precautions to prevent such disasters.

NSITF urged all employers to: Strengthen workplace safety measures and emergency protocols, especially in high-rise buildings and around backup power systems.

Report incidents quickly to NSITF so support can be provided without delay.

Ensure their organisations are registered with NSITF and that Employees’ Compensation contributions are up to date to guarantee full protection for their workers.

“These measures can save lives, reduce risks, and ensure timely support for those in need,” Faleye stressed.

On behalf of NSITF’s Board, Management, and Staff, he extended the Fund’s deepest sympathies to all those affected, pledging continued collaboration with the Federal Government and Lagos State authorities to protect Nigerian workers.

May the souls of the departed rest in peace.

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Ensure transparency, effective deployment of tax resources, NUJ, FCT Chair tells FG

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Chairman of the Nigeria Union of Journalists (NUJ), Federal Capital Territory (FCT) Council, Comrade Grace Ike has called for transparency, accountability, and effective deployment of tax revenues to infrastructure development as part of the sweeping tax reforms under President Bola Ahmed Tinubu.

She spoke at the inaugural distinguished parliamentarian lecture organised by the House of Representatives Press Corps with the theme “navigating tax reforms in Nigeria: Insights on President Bola Ahmed Tinubu’s policies”.

The lecture was delivered by former Speaker of the House of Representatives are Chairman of the National Credit Guarantee Company Limiter Yakubu Dogara.

The NUJ Chairman said the tax reforms represent bold steps toward modernizing Nigeria’s fiscal system, broadening the tax base, and reducing over-dependence on oil revenues.

She said “Tax reform is pivotal to Nigeria’s economic growth, fiscal sustainability, and social development. Under President Bola Tinubu’s leadership, we are witnessing bold steps aimed at modernizing and strengthening our tax system”.

Ike commended the administration’s commitment, emphasizing that the success of the reforms depends on how well revenues are used to improve infrastructure and the quality of life for citizens.

“We must place emphasis on improved infrastructures, urging the government to deploy taxes effectively,” she noted.

The NUJ FCT Chair stressed the need for clear communication of the policies so Nigerians understand their rights and responsibilities.

She said the media has a central role in fostering dialogue and building public trust in the reforms.

“The media must provide accurate, unbiased information and foster public dialogue to build trust in these reforms. Transparency and accountability should guide every stage of implementation to protect the interests of all Nigerians,” she stated.

Ike also urged collaboration among all stakeholders, including lawmakers, the executive, civil society, and the media, to ensure the reforms deliver tangible benefits.

“Our collective goal must be a Nigeria with a robust economy, where tax policies contribute to sustainable development and improved quality of life for every citizen,” she added.

She commended the Speaker of the 10th House of Representatives, Rt. Hon. Abbas Tajudeen, for making the lecture a reality, describing it as a platform that will enrich public policy engagement.

Chairman of the House of Representatives Press Corps, Gboyega Onadiran said taxation has become one of the most contentious issues in Nigeria today, with multiple narratives circulating about petroleum tax, data tax, and requirements such as the National Identification Number (NIN) for bank operations.

He said the newly introduced Distinguished Parliamentarian Lecture is designed to bridge the gap between the legislature and the public by simplifying parliamentary activities and clarifying national issues.

“As journalists, the mirror of society and agenda setters, we believe this forum offers a unique opportunity to unpack these grey areas and simplify parliamentary activities for Nigerians,” he said.

The Press Corps chairman explained that the aim of the lecture is to create a platform where distinguished parliamentarians, past and present, can share knowledge and provide clarity on topical national issues through the lens of the legislature.

“This is vital, because the legislature remains the most misunderstood arm of government in Nigeria,” he added.

Onadiran described the inaugural guest lecturer, former Speaker Yakubu Dogara, as a statesman whose insights would enrich discourse on tax reforms and national development.

“As Speaker of the 8th House of Representatives, he presided over the passage of historic bills, set legislative records, and distinguished himself as a bridge-builder committed to deepening democracy and promoting good governance,” he noted.

The Chairman of the Organising Committee of the Distinguished Parliamentarian Lecture, Philip Nyiam, said the initiative marks a new chapter for the Press Corps, positioning journalists as agenda setters and contributors to national development beyond routine reporting.

Nyiam said the Press Corps was determined to expand its role by enlightening Nigerians on issues of national interest.

“This is a novel in the history of the House Press Corps. It is part of efforts to change the narrative where journalists are seen as only reporting press releases, statements and conferences. As the watchdog of society, we are also agenda setters and we also enlighten society on key issues of national interest,” he stated.

He explained that the lecture was organised to demystify President Tinubu’s tax reform agenda, which has sparked apprehension and debate since the law came into effect.

According to him, the event provides a platform to address controversies around the reforms and their place in the Renewed Hope Agenda of the administration.

“This will be the contribution of the Press Corps to the growth of our nation and the sustenance of democracy and good governance,” Nyiam added.

He said the choice of the guest lecturer, Rt. Hon. Yakubu Dogara, former Speaker of the 8th House of Representatives and current Chairman of the National Credit Guarantee Company Ltd., was deliberate, given his experience, courage, and record of legislative achievements.

Nyiam expressed confidence that the deliberations would enrich national discourse on tax reforms and governance.

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