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Restored budget cycle has boosted investors’ confidence in Nigeria, says Lawan

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…As Senate President bags Awards for Good Governance and Budget Cycle Restoration
President of the Senate, Ahmad Lawan, has said that the restoration of Nigeria’s budget cycle to the January to December timeline has resulted in increased predictability of the country’s fiscal plans as well as boosted the confidence of local and foreign investors.
The Senate President explained that an unpredictable Budget sequence was unacceptable for a nation in dire need of development, a situation which made it imperative for the ninth Assembly to correct the anomaly in accordance with the constitution.
He said for the first time since the fourth republic, Nigeria’s budget recorded 100 percent implementation level in the year 2020 by the federal government under the President Muhammadu Buhari administration.
Lawan made this known while delivering a speech on Monday at a Meritorious Award Ceremony organised by the Senate Press Corps in Abuja.
The Senate President was a recipient of two awards – the Parliamentary Leadership for Good Governance and Budget Cycle Restoration Awards.
The awards were presented to Lawan at the ceremony by the Governor of Bayelsa State, Senator Douye Diri who also bagged Ambassador of the Senate Award.
Speaking at the event, Lawan said, “These honours are no doubt encouraging, considering the demanding nature of statecraft, despite a primary commitment to service.
“As journalists at the heart of reporting the legislature, you are surely in an excellent position to appreciate the enormity of our tasks, and how well we are doing, to deliver on our mandate.
“We therefore expect your judgements to be very qualified, which is why I am gladdened by the recognition, in addition to those extended to my colleagues.
“While good governance is a work in progress, it requires a painstaking feedback process, to appreciate loopholes and for efforts towards blocking them.
“These loopholes can be evident through the need to carry our outstanding responsibilities, in fulfilling our mandate of legislation, appropriation and oversight, and in ensuring they lead to improved welfare of the people.”
The Senate President added that the ninth National Assembly keyed into the vision of President Muhammadu Buhari’s administration  in its bid to ensure accountability and transparency to minimise or eliminate waste in government spending.
“The National Assembly has since keyed into this plan, in line with our legislative agenda, and compliant with our individual and collective desires to leave valuable and lasting legacies.
“We have resolved in the Senate to continue on this noble path, not only for the present and the future generations, but to shore up our status in the comity of nations.
“We were early in showing our zeal and desire through our attitude to work, resulting in the normalization of the Budget cycle, to fit into the January to December calendar year.”
Reeling accrued benefits which are outcomes of the restoration of the country’s budget cycle by the National Assembly, Lawan disclosed that same has impacted positively on Nigeria’s fiscal plans in a way that continues to boost investor confidence.
He explained, “The ninth Senate realised from the beginning that an unpredictable Budget sequence was unacceptable for a nation in dire need of development, and we had to correct the anomaly in accordance with our desire and commitment to make the budget work for Nigerians.”
He added that, “The restoration of the budget cycle has resulted in increased predictability of our fiscal plans and should continue to boost local and foreign investor confidence.
And let me add here, that for the first time, probably since the first republic, the budget of the federal government was implemented for the first time 100 percent in 2020.”
The Senate President, at the occasion, announced that the Senate will institute Awards for Parliamentary Reporting in the Senate Press Corps effective from 2022.
Lawan also announced that the National Institute for Legislative and Democratic Studies(NILDS) will introduce a training programme in Parliamentary Reporting for the National Assembly reporters.
“The idea is simple. We want to enhance your capacity, your competence, your capability so that when you report, you continue to educate Nigerians on what the National Assembly does or what is expected of the National Assembly.
“The task is for us, legislators, to inform Nigerians of what we do but you can do that even better because you are journalists and your media houses are there for people to listen to and we believe this is going to be a win-win for both the Senate and House of Representatives Press Corps and members of the National Assembly as well,” Lawan said.
Several other Senators, both serving and non-serving, and some state governors were also honoured at the occasion.

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Two Convicted Inmates Escape From Kogi Correctional Centre As Police Launch Manhunt

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The Kogi State Police Command has confirmed the escape of two convicted inmates from the Okene Correctional Centre, prompting a manhunt to track down and rearrest them.

The inmates reportedly escaped on Sunday, November 8, 2026, at about 10:30 a.m.

The Police Public Relations Officer, Saliu Afusat, who confirmed the incident to TheCable on Tuesday, said the command received a report from the correctional facility and had commenced efforts in collaboration with the Nigerian Correctional Service (NCoS) and other relevant security agencies to apprehend the escapees.

In a statement, Afusat said, “The Kogi State Police Command confirms the escape of two convicted inmates from the Okene Correctional Centre on Sunday, 8th November 2026, at about 1030 hours.

“Efforts to trace and apprehend the fleeing inmates are ongoing.”

Although the police spokesperson did not disclose the identities of the escapees, reports indicate that a situation report from the Okene Police Division identified them as Samson David, convicted of theft, and Salvation Moro, convicted of armed robbery.

The two inmates were reportedly said to have escaped through the facility’s rear perimeter fence.

Their photographs were also attached to the police situation report to assist security operatives in identifying and tracking them.

Security agencies are continuing efforts to locate and return the escapees to custody.

Source: Cable

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Tinubu Accelerates Northern Rail Projects, Kaduna-Kano Line Set for December 3 Inauguration

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President Bola Ahmed Tinubu has intensified efforts to complete major railway projects across Northern Nigeria, with the Kaduna–Kano Standard Gauge Railway scheduled for inauguration on December 3, 2026.

The 203-kilometre Kaduna–Zaria–Kano railway project has reached approximately 90 per cent completion, while the 400-kilometre Kano–Katsina–Maradi railway project has attained 70 per cent completion.

According to the Federal Government, both projects have recorded significant progress since the Tinubu administration assumed office in 2023. The Kano–Katsina–Maradi project was reportedly at just five per cent completion, while the Kaduna–Kano line was below 30 per cent.

The projects form part of the administration’s commitment to expanding Nigeria’s railway network, improving regional connectivity and facilitating the movement of passengers and goods across the country and beyond.

The Kaduna–Kano railway, an extension of the existing Abuja–Kaduna Standard Gauge Railway, is expected to establish a continuous rail connection between Abuja, Kaduna, Zaria and Kano, strengthening transportation links among key commercial centres in Northern Nigeria.

To assess the level of progress, President Tinubu recently directed a Federal Government inspection team, led by the Permanent Secretary of the Federal Ministry of Transportation, Engr. Funso Adebiyi, to inspect the projects.

Adebiyi expressed satisfaction with the quality of construction work, particularly the railway alignment, drainage systems, embankment protection, stone pitching and soil stabilisation.

The inspection also featured a train test run from Jaji in Kaduna State to Kano, enabling officials to assess the completed track infrastructure and passenger comfort.

President Tinubu has further directed that outstanding land acquisition and compensation issues within Kaduna metropolis be resolved immediately to facilitate the completion of the railway corridor connecting Abuja to Kano.

The Federal Government disclosed that the completed 190-kilometre Jaji–Kano section of the Kaduna–Kano railway, alongside the 250-kilometre Dawanu–Kano–Kazaure–Daura–Katsina section of the Kano–Maradi project, is scheduled for inauguration on December 3, 2026.

When fully operational, the Kaduna–Kano railway is expected to ease passenger movement, boost commercial activities and provide a safer alternative to road transportation along one of Northern Nigeria’s busiest economic corridors.

Similarly, the Kano–Katsina–Maradi railway is expected to enhance cross-border transportation, strengthen regional trade and deepen economic relations between Nigeria and neighbouring Niger Republic.

The Federal Government reiterated its commitment to ensuring that ongoing infrastructure projects across the country are completed and delivered in line with their scheduled timelines.

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FG Begins ₦50,000 Monthly Cash Relief for Vulnerable Nigerians

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The Federal Government has commenced a monthly cash relief programme offering ₦50,000 to vulnerable Nigerians to cushion the effects of rising living costs and economic hardship.

The Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, disclosed this in a statement issued on Friday in Abuja, announcing the National Emergency Relief and Stabilisation Intervention (NERSI), a presidential initiative aimed at providing direct financial support to millions of vulnerable households.

Doro said the intervention was introduced in response to global food inflation and rising prices of essential goods, which continue to put pressure on household finances.

Under the programme, eligible beneficiaries will receive ₦50,000 monthly to help meet essential needs and ease the burden of the rising cost of living.

The minister explained that the intervention would be reviewed periodically in line with prevailing economic conditions, with beneficiaries notified directly before any adjustment.

He said the ministry was working with licensed digital financial service providers to ensure secure, transparent and timely disbursement of the funds.

According to him, beneficiaries will receive text messages from the providers seeking their consent before payments are made directly into their bank accounts or mobile wallets.

Doro clarified that beneficiaries are not required to apply, pay any fee or register through agents to access the programme.

He warned Nigerians against fraudsters, urging them not to disclose their Personal Identification Numbers (PINs) or Bank Verification Numbers (BVNs) to anyone.

The minister advised those uncertain about any message or facing demands for payment to contact the official NERSI helpline on 0700-022-2222.

He said the intervention complements existing Federal Government social protection and economic support programmes, while strengthening household resilience and economic stability.

Doro added that the initiative aligns with President Bola Tinubu’s Renewed Hope Agenda and underscores the ministry’s commitment to delivering social support with dignity, transparency and accountability.

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