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N712bn for Airports? ADC Accuses FG of Squandering Public Funds Amid Soaring Hardship
The African Democratic Congress (ADC) has condemned the Bola Tinubu-led administration for approving over N712 billion for the renovation of the Murtala Muhammed International Airport in Lagos, describing the project as extravagant, ill-timed, and a gross misplacement of priorities.....KINDLY READ THE FULL STORY HERE▶
In a statement released on Sunday, the party’s National Publicity Secretary, Bolaji Abdullahi, labelled the expenditure as “fiscally reckless” and “insensitive,” especially in light of Nigeria’s deepening economic crisis.
President Tinubu had approved the sum of N712.3 billion for the airport’s upgrade under the Renewed Hope Infrastructure Development Fund, a move formally announced by the Minister of Aviation and Aerospace Development, Festus Keyamo, following the Federal Executive Council (FEC) meeting on Thursday in Abuja.
Keyamo explained that this would be the first major overhaul of the airport’s old terminal since its commissioning in 1979, arguing that the terminal had fallen into disrepair due to decades of overuse and neglect.
However, the ADC questioned the rationale behind the massive spend, raising concerns about legislative oversight, budgetary approval, and the real necessity of such a renovation.
“The African Democratic Congress strongly condemns the outrageous N712 billion airport renovation as yet another act of fiscal irresponsibility and government disconnect from the suffering of Nigerians,” the party said.
“In a country where public universities are chronically underfunded, where access to basic healthcare is now a luxury, and where millions have been plunged into poverty by poorly conceived policies, it is unconscionable to sink such an amount into one airport.”
The party argued that what Nigeria’s aviation sector requires is not “another gold-plated terminal,” but efficient maintenance, modernization, and investment in regional airports to boost real connectivity across the country.
For context, the ADC pointed out that the $500 million (N712bn) earmarked for this single project is equivalent to the entire sum used to construct four new international terminals in Lagos, Abuja, Kano, and Port Harcourt in 2014, funded through a Chinese loan which remains unpaid.
The party also reminded Nigerians that the Murtala Muhammed Airport already received a new international terminal commissioned by former President Muhammadu Buhari in March 2022, featuring:
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66 check-in counters
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A landmass of 56,000 sqm
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A processing capacity of 14 million passengers annually
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Seven jet bridges, advanced baggage systems, duty-free shops, cooling and heat extraction units, and a 22-room hotel
Yet, despite its capacity, the airport reportedly processed just 6.5 million passengers in 2024, less than half its installed potential.
“We are left wondering: Is this the same airport now slated for another renovation? Or is the government repackaging an existing project to justify another round of extravagant spending? Either the previous APC administration misled Nigerians about its achievements, or the current government is about to waste public funds on duplicative infrastructure,” the ADC stated.
Even more disturbing, the party said, is the lack of National Assembly approval or public breakdown of costs.
“How does the government commit nearly a trillion naira without appropriation, public debate, or due procurement processes? Under what section of the Constitution is this justified?”
The ADC warned that such spending only worsens Nigeria’s debt burden and comes at a time when resources are needed for critical sectors such as:
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Establishing world-class teaching hospitals
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Funding free education in underserved regions
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Implementing rural electrification projects
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Rehabilitating federal roads and bridges
“We call for the immediate suspension of this project, a transparent, independent audit of the proposed expenditure, and the redirection of funds to more pressing areas that can positively impact ordinary Nigerians.”
The party warned that in an era of mass poverty, insecurity, and hunger, reckless government spending only widens the trust deficit between the people and their leaders.
In defence, Minister Keyamo clarified that the renovation will focus on Terminal One, which he said has been deteriorating for years. He explained that the entire structure—including the roof—would be stripped down to its carcass, redesigned, and rebuilt to meet modern international aviation standards.
“Over the years, we’ve merely done patch jobs to keep it presentable. The plan now is to reconfigure and completely rebuild the terminal to handle increased passenger traffic and deliver a world-class facility,” Keyamo said.
Despite his assurances, the ADC remains firm in its stance, calling the project a symbol of misplaced priorities and a test case for Nigerians to demand greater accountability.
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Tears For A Titan: Family Unveils Emotional Three-Day Funeral Plan For Iconic Actor Kola Oyewo!.
The funeral arrangements for the celebrated Nigerian actor, theatre scholar, and traditional ruler, Chief Dr. Adekola Gabriel Oyewo (Kola Oyewo), have been finalized by his family, with interment scheduled for Friday, August 7, 2026, in Osun State. The veteran actor passed away at age 80, leaving behind a legacy as a prominent figure in stage, television, and academia.....KINDLY READ THE FULL STORY HERE▶
The three-day farewell, organized by the Balogun Oyekola Oyewo Memorial Committee, follows this schedule:
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Wednesday, August 5, 2026: A wake-keep and service of songs will be held at St. Mary’s Catholic Church, Igboya, Ile-Ife.
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Thursday, August 6, 2026: A commendation mass is scheduled at St. Mary’s Catholic Church, followed by an artistes’ night at the Obafemi Awolowo University (OAU) Oduduwa Hall. An exhibition celebrating his works and photographs will also open at the Pit Theatre, African Studies Building, OAU, running through Friday.
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Friday, August 7, 2026: After a morning departure from his residence, a requiem mass will take place at St. Joseph Catholic Church, Oba-Ile. He will be laid to rest in a private ceremony at 12:45 p.m. at Labaluyegbe Villa, followed by a reception at Aderonmu Grammar School Field.
The Bangbola Oyewo family of the Ese-Ola Royal House remembered him as a beloved family man, traditional leader, and an inspiration to generations of theatre practitioners. His passing is regarded as the end of an era for the Nigerian theatre community, where he served as an Associate Professor of Drama and a long-standing mentor.
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Nation In Shock! Herders’ King Brutally Murdered: Cops Race Against Time To Catch Killers!.
Authorities have initiated a comprehensive investigation into the murder of Risku Mohammed, the Benue State Chairman of the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), and his associate, Yakubu Isa. The two men were reportedly ambushed by unidentified attackers near Ahimeni in the Okodu area while traveling back from a peace summit in Otukpo.....KINDLY READ THE FULL STORY HERE▶
Benue State Commissioner of Police, Cletus Nwadiogbu, condemned the act as a “senseless and criminal” effort to destabilize local peace and security. Through PPRO DSP Udeme Edet, the Commissioner announced that tactical and intelligence teams have been mobilized to hunt down the perpetrators. CP Nwadiogbu has urged the public to avoid spreading rumors or pursuing vigilante justice, instead appealing for any useful information to be shared with the police to assist in the swift arrest and prosecution of those responsible.
Option 2: Concise News Style
Police in Benue State are hunting for the gunmen who killed MACBAN State Chairman Risku Mohammed and Yakubu Isa. The victims were attacked near Ahimeni in the Okodu area while returning from a peace meeting in Otukpo.
State Commissioner of Police Cletus Nwadiogbu denounced the killings and vowed that the command would “leave no stone unturned” in bringing the culprits to justice. Tactical units have been deployed to the area to track down the assailants. The Commissioner extended his condolences to the bereaved families and called on residents to remain calm, law-abiding, and to report any leads to the nearest police station. He reiterated the command’s firm commitment to ensuring the safety of all citizens and holding the criminals accountable.
Option 3: Action-Oriented
Following the tragic assassination of Benue MACBAN Chairman Risku Mohammed and Yakubu Isa, the State Police Command has launched a full-scale investigation. The victims were killed by unknown assailants near Ahimeni, Okodu, following a peace engagement in Otukpo.
Commissioner of Police Cletus Nwadiogbu has directed tactical and intelligence units to track down and arrest the attackers immediately. In a public statement, the command emphasized that such criminal acts will not be tolerated and that every effort is being made to secure justice for the victims. The public is encouraged to assist the investigation by reporting any relevant information through official channels and is cautioned against fueling tensions by sharing unverified reports.
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Currency Watch: Dollar Holds Firm Against Naira At ₦1,378 Amid Economic Uncertainty!.
On June 26, 2026, the dollar-to-naira exchange rate at the Lagos parallel market, commonly referred to as the black market, saw sellers offering the dollar at ₦1402, while buyers were purchasing it at ₦1391, according to Bureau De Change (BDC) sources. It is important to note that the Central Bank of Nigeria (CBN) does not officially recognize this market and advises individuals to conduct foreign exchange transactions through their respective banks.....KINDLY READ THE FULL STORY HERE▶
Additionally, the CBN’s official rates for the same period ranged from a high of ₦1385 to a low of ₦1376. Please be aware that actual transaction prices may vary and might differ from the figures provided in this report.
Exchange Rate Summary (June 26, 2026)
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Parallel Market (Selling): ₦1402
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Parallel Market (Buying): ₦1391
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CBN Official Rates: ₦1376 – ₦1385
What specific aspect of the current foreign exchange market or its impact on consumer trends would you like to discuss further?
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