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See Reasons the House Repealed and Re-enacted 2024, 2025 Appropriation Acts —Hon. Philip Agbese

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The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has explained that the recent move to repeal and re-enact the 2024 and 2025 Appropriation Acts was aimed at improving Nigeria’s budgeting framework, enhancing transparency, and addressing practical implementation challenges.

Speaking in an interview on Friday, Agbese noted that the lawmakers took the action to bolster accountability across all levels of government while reducing the oversight burdens that often arise during budget execution.

He emphasized that the repeal and re-enactment would help create a more structured and predictable fiscal process for the country.

“Essentially, this step is to align Nigeria’s budgeting system with global best practices. It also seeks to promote transparency and accountability, while easing the pressure of oversight during implementation,” Agbese said.

The lawmaker highlighted that the move would set the stage for a unified national budget cycle after March 31, 2026, a reform he described as crucial for smooth execution by the Executive branch.

Agbese praised the House Committee on Appropriations, led by Hon. Abubakar Bichi, for their prompt and diligent work on the re-enactment bill submitted to the House by President Bola Ahmed Tinubu.

He explained that the committee’s swift action enabled the bill’s consideration and passage before lawmakers left for the Christmas and New Year recess.

According to Agbese, the reform will also address the problems associated with running multiple budgets, which can create fiscal confusion and dilute government resources across various projects, often resulting in poor outcomes.

He cited the underperformance of the 2025 capital budget as an example, attributing it to the simultaneous running of multiple budgets.

“Adopting a single budget after March 31, 2026, will allow the Executive to implement projects efficiently. A unified funding system makes cash flow management easier and ensures timely releases,” he added.

Agbese also commended President Tinubu for his leadership in supporting fiscal reforms, noting that the President’s dedication to budget discipline and economic stability provides reassurance.

The President, during the presentation of the 2026 budget, reiterated that the era of multiple budgets in Nigeria would end by March 2026. From April, the country will operate under a single budget anchored on a unified revenue cycle.

According to President Tinubu, the reform aims to resolve long-standing issues such as abandoned projects, unpaid contractual obligations, and overlapping budgets
“This is a complex challenge. Abandoned projects, unpaid obligations, and multiple budget cycles have long been a problem. By March 31, 2026, all capital liabilities from previous years will be fully funded and closed. There will be no overlaps or rollover practices,” he said.

Agbese described Tinubu as a responsive leader, noting that the decision to end multiple budgets responds to calls from lawmakers and experts who have long criticized the practice for encouraging fiscal indiscipline.

The lawmaker also praised the President’s economic team, particularly the Ministry of Budget and Economic Planning, for developing a budget framework that accurately reflects Nigeria’s economic realities.

“We commend the economic team, especially the Budget and Planning Ministry, for preparing a budget plan that considers the nation’s realities and the economic interests of various societal segments,” he said.

Agbese stressed that the House remains committed to reforms that strengthen public financial management, improve service delivery, and restore public confidence in the budgeting process.

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BREAKING NEWS: Osun Police Launch Probe Into Shootings, Hunt Suspects

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Osun State Police Command has launched an investigation into the shooting incidents that occurred in parts of the state which has left several people injured.

In a statement issued on Wednesday on behalf of the Commissioner of Police, CP Ibrahim Gotan, the Police Public Relations Officer, DSP Abiodun Ojelabi, said the command was deeply concerned about the incidents and had commenced efforts to identify and arrest those responsible.

According to the statement, CP Gotan immediately directed the Command’s Violent Crime Response Unit, alongside the Operations and Intelligence Departments, to begin a comprehensive investigation.

The police said the investigation was aimed at ensuring the arrest and prosecution of all individuals connected with the attacks.

“The Commissioner of Police immediately directed the Command’s Violent Crime Response Unit (VCRU), alongside the department of operations and intelligence units of the command, to commence a thorough investigation aimed at arresting and prosecuting those responsible,” the statement said.

The command assured residents that normalcy had been restored in the affected areas and that measures had been put in place to prevent a recurrence of the violence.

It added that security had been reinforced in the affected communities, while intelligence-led operations were ongoing to track down the perpetrators and any sponsors linked to the incidents.

“The Command wishes to reassure residents that all necessary steps have been taken as normalcy has been restored to the areas and measures have been implemented to prevent any recurrence,” the statement added.

The police further disclosed that officers promptly evacuated injured victims to medical facilities for treatment and noted that those affected were responding positively to medical care.

The Commissioner of Police appealed to residents to remain calm, vigilant and law-abiding, while urging members of the public with useful information to assist the investigation.

“Citizens with useful information that can aid the ongoing investigation are encouraged to report to the nearest police station or contact the Command through its emergency channels. All information provided will be treated with strict confidentiality,” Ojelabi said.

The command reiterated its commitment to protecting lives and property across the state and pledged to ensure that all those behind the criminal acts were brought to justice.

Police also warned individuals and groups against taking the law into their own hands or engaging in activities capable of threatening public peace and security in Osun State.

DAILY POST has reported on Tuesday that the Osun State Governor, Ademola Adeleke and the Osun State All Progressives Congress, APC, Governorship Campaign Council exchanged accusations over a wave of violence reported in parts of Osun State, as both sides called for security intervention and investigations into the incidents.

The allegations followed reports of attacks and shootings in Osogbo, Ede and Ile-Ife, with the state government, the APC and the Accord offering differing accounts of the disturbances and assigning responsibility to rival political groups.

Addressing an emergency press briefing in Osogbo, Governor Adeleke condemned the coordinated attacks by political thugs allegedly associated with the governorship campaign of APC governorship candidate, Bola Oyebamiji, popularly known as AMBO.

However, the Osun APC Governorship Campaign Council rejected the governor’s claims and accused supporters of the ruling Peoples Democratic Party, PDP, and Accord of orchestrating attacks against APC members and campaign assets.

Meanwhile, the Accord through a statement signed by its Osun State Chairman, Pastor Victor Babalola Akande, alleged that armed thugs allegedly linked to the APC governorship campaign carried out shootings in parts of Osogbo and Owode-Ede, resulting in casualties and injuries.

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‘Poverty Is Never Nigeria’s Destiny ‘ – SDP Chieftain, Adebayo Blasts Tinubu Govt

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The Social Democratic Party, SDP, presidential candidate, Adewole Adebayo, has again slammed the administration of President Bola Tinubu over the level of hardship in the country.

In a post on his verified X handle on Tuesday, Adebayo said poverty is not Nigeria’s destiny, lamenting that poverty is the consequence of policy failures and poor leadership.

Adebayo stated that Nigeria could reverse its economic fortunes through what he described as the right government, clear priorities and deliberate planning.

The SDP’s presidential candidate pointed out that despite three years of economic reforms, millions of Nigerians continue to struggle with rising hardship and reduced purchasing power.

“Poverty is not Nigeria’s destiny. It is the result of failed leadership and it can be defeated with the right government, the right priorities and the right plan,” Adebayo stated.

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