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Reps Pass ₦58.47trn 2026 Budget, Insist No Naira Printed Under Tinubu.

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The House of Representatives on Thursday approved President Bola Tinubu’s ₦58.47 trillion 2026 Appropriation Bill for second reading.....KINDLY READ THE FULL STORY HERE▶

The budget proposal, tagged “Budget of Consolidation, Renewed Resilience, and Shared Prosperity,” passed swiftly during plenary without any debate.

President Tinubu had presented the 2026 budget to a joint session of the National Assembly in December 2025.

Details of the proposal indicate that total expenditure is projected to range between ₦58.18 trillion and ₦58.47 trillion. Statutory transfers are estimated at ₦4.09 trillion, while ₦15.91 trillion has been allocated for debt servicing. Recurrent (non-debt) spending stands at ₦15.25 trillion.

Capital expenditure is expected to fall between ₦23.21 trillion and ₦26.08 trillion, with a significant portion to be funded through the Development Fund.

On the revenue side, the government projects ₦34.33 trillion, resulting in a fiscal deficit of ₦23.85 trillion.

While presenting the bill’s general principles, House Leader Julius Ihonvbere described the budget as a key instrument for promoting peace, economic stability, growth, and sustainable development.

He stated that the Tinubu administration has upheld fiscal discipline, stressing that no additional naira has been printed since the government took office, especially through the Central Bank’s Ways and Means facility.

According to him, the approach has contributed to stabilising the economy.

After the second reading, Speaker Tajudeen Abbas referred the bill to the House Committee on Appropriations for further legislative action.

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Abacha Wanted Me Dead’ – Obasanjo Reveals Details Of His Secret Arrest

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Former Nigerian President Olusegun Obasanjo has disclosed how he rejected an offer of political asylum from the United States despite warnings that he could be arrested if he returned to Nigeria.....KINDLY READ THE FULL STORY HERE▶

The former leader also recounted how he left the Nigerian Army to pursue farming before his return to the country led to his arrest and imprisonment under the administration of late military Head of State, General Sani Abacha.

Obasanjo shared the experience while discussing his encounter with Abacha in an interview featured in a video published by BBC News Pidgin on Tuesday.

The 89-year-old explained that he ventured into agriculture after leaving office as Nigeria’s military Head of State in 1979.

According to him, his farming business was progressing successfully until Abacha allegedly made plans to eliminate him.

Obasanjo said he had not intended to retire from the Army at the age of 42, but had reached the highest position possible in the military, having become a four-star general and Head of State.

He said, “When I was leaving government as military head of state, there was, I was leaving too early. I didn’t join the army to retire at the age of 42.

“Now I had to retire at the age of 42. At the age of 42, I had become a four-star general. There’s nothing else I can do in the army. I’ve become the military head of state. That’s the highest political office I could rise.

“So what can I do? I decided I would go into farming. It really was going well, and it went well until I was arrested. Abacha had decided that I must be liquidated; otherwise he would not be able to have his way.”

The former President further disclosed that he was unaware of the alleged plan against him until the American ambassador to Nigeria contacted him while he was travelling.

According to Obasanjo, the ambassador informed him that the US government had offered him political asylum because it anticipated that he would be arrested if he returned to Nigeria.

However, he said he rejected the offer because he believed he had committed no offence that warranted an arrest.

He explained that upon arriving in Nigeria, his passport was seized, and he headed to his farm, only to discover that security operatives had surrounded the premises.

Obasanjo said a plain-clothes police officer later approached him, claiming that an Assistant Inspector-General of Police (AIG) wanted him to assist with an issue.

He recalled rejecting the invitation, insisting that the AIG should personally come to his farm if he needed his assistance.

The former leader said he eventually drove himself to the police station, where the AIG informed him that he had been instructed to arrest him.

Obasanjo added that he was subsequently detained, and former US President Jimmy Carter later intervened on his behalf, leading to his placement under house arrest.

However, he said security operatives returned one night while he was playing squash at about 1 a.m. and took him away to prison.

He said, “I didn’t know that it was a decision of Abacha that some of us must not be kept free; otherwise, he would feel unsafe. I was put in a place. Then President Jimmy Carter came. He pleaded, and then they put me under house arrest.

“Then they came one day; I was playing squash at about 1 am. They came and said they were taking me away. And they took me away, and from there, I went to prison.”

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‘I Was Surprised’ – Krizbeatz Opens Up On What Tiwa Savage Was Doing At Home.

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Nigerian music producer Krizbeatz has recounted an experience from a visit to the residence of popular Afrobeats singer Tiwa Savage.....KINDLY READ THE FULL STORY HERE▶

The producer shared the story while speaking about his Christian faith during an interview on the Zikoko podcast.

Krizbeatz described himself as someone who grew up in the church and has continued to maintain a connection with Christianity.

Recalling his encounter with Tiwa Savage during a music production session, he said he visited the singer’s home to work on her song titled Energy.

However, he was surprised by what he found the award-winning singer doing when he arrived at her residence.

According to him, Tiwa Savage was reading the Bible at the time.

He said, “I am the producer of Tiwa Savage’s song ‘Energy.’ The day I visited her house to produce the song, I saw her reading the Bible.”

Meanwhile, Tiwa Savage recently responded to a social media user who questioned her decision to describe herself as an African Baddie.

The controversy started after the man criticised the singer for using the description despite being in her 40s.

He wrote, “African baddie at 40… this one no serious.”

Reacting, the singer disclosed that she is 46 years old and expressed confidence in her appearance, financial status and music career.

She also dismissed the criticism while promoting her forthcoming song, African Baddie.

Tiwa wrote, “46, fine, paid, unbothered and dropping my super hottttt record ‘African Baddie’ on Friday. What exactly is the problem, boy?😂 #AfricanBaddie.”

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‘Abacha Wanted Me Dead’ – Obasanjo Reveals Details Of His Secret Arrest.

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on

Former Nigerian President Olusegun Obasanjo has disclosed how he rejected an offer of political asylum from the United States despite warnings that he could be arrested if he returned to Nigeria.....KINDLY READ THE FULL STORY HERE▶

The former leader also recounted how he left the Nigerian Army to pursue farming before his return to the country led to his arrest and imprisonment under the administration of late military Head of State, General Sani Abacha.

Obasanjo shared the experience while discussing his encounter with Abacha in an interview featured in a video published by BBC News Pidgin on Tuesday.

The 89-year-old explained that he ventured into agriculture after leaving office as Nigeria’s military Head of State in 1979.

According to him, his farming business was progressing successfully until Abacha allegedly made plans to eliminate him.

Obasanjo said he had not intended to retire from the Army at the age of 42, but had reached the highest position possible in the military, having become a four-star general and Head of State.

He said, “When I was leaving government as military head of state, there was, I was leaving too early. I didn’t join the army to retire at the age of 42.

“Now I had to retire at the age of 42. At the age of 42, I had become a four-star general. There’s nothing else I can do in the army. I’ve become the military head of state. That’s the highest political office I could rise.

“So what can I do? I decided I would go into farming. It really was going well, and it went well until I was arrested. Abacha had decided that I must be liquidated; otherwise he would not be able to have his way.”

The former President further disclosed that he was unaware of the alleged plan against him until the American ambassador to Nigeria contacted him while he was travelling.

According to Obasanjo, the ambassador informed him that the US government had offered him political asylum because it anticipated that he would be arrested if he returned to Nigeria.

However, he said he rejected the offer because he believed he had committed no offence that warranted an arrest.

He explained that upon arriving in Nigeria, his passport was seized, and he headed to his farm, only to discover that security operatives had surrounded the premises.

Obasanjo said a plain-clothes police officer later approached him, claiming that an Assistant Inspector-General of Police (AIG) wanted him to assist with an issue.

He recalled rejecting the invitation, insisting that the AIG should personally come to his farm if he needed his assistance.

The former leader said he eventually drove himself to the police station, where the AIG informed him that he had been instructed to arrest him.

Obasanjo added that he was subsequently detained, and former US President Jimmy Carter later intervened on his behalf, leading to his placement under house arrest.

However, he said security operatives returned one night while he was playing squash at about 1 a.m. and took him away to prison.

He said, “I didn’t know that it was a decision of Abacha that some of us must not be kept free; otherwise, he would feel unsafe. I was put in a place. Then President Jimmy Carter came. He pleaded, and then they put me under house arrest.

“Then they came one day; I was playing squash at about 1 am. They came and said they were taking me away. And they took me away, and from there, I went to prison.”

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