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Contracts Execution : Revert to old payment system – Senate tells FG

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. .. seeks replacement of Envelope with priority based budgeting
….calls for sack of Registrar – General of CAC

From Hassan Taiye

The Senate Thursday through its Committee on Finance , told the Federal Government to revert back to old payment system for contractors as against the current centralized system which made it to be indebted to many contractors even on projects executed in 2024 not talk of those of 2025 .

The committee also sought for replacement of the Envelope budgeting system with priority or performance based model just as it called for sack of the Registrar General of the Corporate Affairs Commission ( CAC) , Hussaini Ishaq Magaji, SAN.for persistent refusal to appear before the committee .

Resolutions to these effects were taken by the committee during interactive session it had with economic management team of the Federal Government led by the Minister of Finance and Coordinating Minister of Economy , Mr Wale Edun which also had in attendance , the Minister of Budget and National Planning , Senator Atiku Bagudu , the Accountant General of the Federation , Dr Shamseldeen Babatunde Ogunjimi and the Chairman, Nigeria Revenue Service ( NRC ) Zacch Adedeji .

Putting the economic team on their toes in his opening remarks at the critical interactive session , the Chairman of the Committee , Senator Sani Musa ( Niger East ) , told them that realities on ground based on feedbacks gotten from submissions made by heads of the various MDAs during budget defence sessions , show that the impact of the economy is not felt by ordinary Nigerians .

According to him , the economic team need to collaborate with the National Assembly for way out , which for us here , requires replacement of current operational systems .

” Specifically, based on submissions made by heads of various agencies during the ongoing budget defence sessions , the Envelope system of budgeting has failed and needs to be replaced by priority based model .

“The incremental allocation model has outlived its usefulness. It promotes routine expenditure expansion rather than strategic prioritisation.

” Similarly , the centralized system of payment which has led to many contractors remaining unpaid for projects already executed , should be replaced with the old system which allows the various MDAs , pay contractors they gave job to ” , he said .

He further emphasised the need to restore strict adherence to the annual budget cycle, insisting that budgets must be time-bound and measurable.

“If, by December, we cannot assess ourselves realistically, then the system is failing. We must return to a disciplined budget cycle where one fiscal year ends before another begins”, he said .

In their separate remarks , all the members of the committee toed the line of the Chairman by admonishing the economic team to sit up for better budget planning and implementation as well as prompt payments of contractors .

In their responses, the economic team , assured the committee and by extension, Nigerians that the outlook for 2026 is very positive for the N58.472trillion proposed budget in terms of implementation .

He explained to the committee that N152trillion budget profile the country current has , was not accumulated by borrowings alone .

He said : “Currently, government debt in Naira terms, is 152 trillion Naira. About 30 trillion Naira came from Ways and Means inherited by this government and N9trillion incurred from exchange rate adjustment.

“So virtually half of that debt is made up of adjustments. It is not additional borrowing.
Additional borrowing since 2023 is in the 20 trillion range.

“Going forward is what matters most. Prioritization will start with the MDAs, bringing forward growth-enhancing projects. Then the Economic Management Team will review those projects, and finally, Mr. President will decide financing based on priorities, particularly for capital projects.”

Earlier at the commencement of the critical engagement session with the economic team , the committee resolved to write President Bola Tinubu to sack the Registrar – General of CAC , for his persistently refusing to appear before it .

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US Warns of Possible Terror Attacks on Facilities, Schools in Nigeria

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The United States Embassy in Nigeria on Monday issued a security warning to its citizens about a possible terrorist threat targeting US facilities and American-affiliated schools in the country, particularly in the Federal Capital Territory (FCT), Abuja.

In a security alert published on its official website, the embassy advised American citizens in Nigeria to exercise increased caution.

The advisory urged US nationals to remain vigilant, especially when visiting US diplomatic missions and schools affiliated with the United States.

According to the notice, “The US Embassy in Abuja informs US citizens of a possible terrorist threat against US facilities and US-affiliated schools in Nigeria.”

“The Embassy recommends that US citizens take additional precautions when travelling to the US Embassy, the US Consulate General in Lagos, and US-affiliated schools, including varying their travel times and routes,” the statement added.

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War: ‘We’ll Respond Accordingly’ – Turkey Warns Iran Over Continued Missile Attacks

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By Fabian

Turkey has warned that it will take decisive action to defend its territory following what it described as a recent ballistic missile incident involving Iran.

In a statement, Turkey’s Defence Ministry said the country is prepared to take all necessary measures to address any threat to its territorial integrity.

The warning came after a ballistic missile reportedly launched from Iran was intercepted after entering Turkish airspace.

The Defence Ministry noted that Turkey values maintaining strong relations with its neighboring countries and remains committed to preserving stability in the region.

However, the ministry stressed that Ankara would respond swiftly and firmly to any threat targeting its land or airspace.

“We want to make it clear that we will take strong and immediate action against any threat directed at our country’s territory and airspace,” the statement said.

The ministry also urged all parties to take Turkey’s warnings seriously, adding that doing so would serve the interests of regional peace and security.

Last week, Turkey claimed that Iran had fired a missile toward its territory, though Iran’s military authorities denied the allegation.

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Akpabio Urges Responsible Leadership as Senate Adjourne Plenary Again

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By Hassan Taiye

The President of the Senate, Godswill Akpabio, on Tuesday called on lawmakers to remain guided by faith, duty and the collective aspirations of Nigerians as the Senate resumed plenary after a brief adjournment.

Speaking at the National Assembly in Abuja, Akpabio noted that while the legislature had temporarily adjourned to allow committees carry out important legislative assignments, the life of a nation and the expectations of its citizens never pause.

He observed that across the country, Nigerians have continued their daily struggle to build, labour, hope and endure, stressing that lawmakers must return to their responsibilities with renewed commitment as custodians of the people’s trust and stewards of their welfare.

The Senate President also paid tribute to the late Senator Barinada Mpigi, who represented Rivers South-East Senatorial District, describing his death as a painful loss to the Senate and the nation.

Akpabio said the late lawmaker served the National Assembly with dedication and remained committed to the welfare of his constituents and the ideals of democratic governance.

According to him, Senator Mpigi was known for his calm strength, cooperative spirit and unwavering commitment to the legislative process.

He extended condolences on behalf of the Senate to the family of the deceased, the government and people of Rivers State, and the people of Rivers South-East Senatorial District whom the late senator served with diligence.

The Senate President also reflected on the significance of the sacred seasons of Ramadan and Lent, noting that both periods represent moments of deep spiritual reflection for Muslims and Christians respectively.

He commended Muslim faithful across the country for their devotion during Ramadan, describing the fasting period as an exercise in discipline, self-denial, reflection and submission to the will of God.
Akpabio said the lessons of Ramadan—patience, humility, charity and compassion—are virtues that Nigeria urgently needs in both public and private life.
He also noted that Christians are observing Lent, a 40-day period of prayer, fasting and repentance ahead of Easter, which commemorates the suffering, sacrifice, death and resurrection of Jesus Christ.
According to him, both religious seasons highlight the importance of discipline before God and compassion towards fellow citizens, values he said are necessary for building a stronger and more united nation.

Akpabio stressed that representation remains central to democracy, describing it as a covenant between the people and those elected to speak on their behalf.
While acknowledging the growing influence of social media in amplifying public voices, he noted that democratic institutions remain the appropriate avenue for resolving national issues.

He said while social media may raise alarms on issues affecting citizens, institutions such as the Senate must provide practical solutions through legislation and policy.

The Senate President therefore urged Nigerians to engage their elected representatives and channel their concerns through democratic institutions so that grievances can be transformed into policy actions.

Akpabio also highlighted the importance of the national budget, describing it as a critical instrument through which the aspirations of Nigerians are translated into public policy.
“A budget is more than figures on paper; it is a declaration of national intention,” he said.
According to him, the budget reflects the country’s priorities and determines where public resources are directed to support development and improve the welfare of citizens.
He expressed hope that Senate committees had exercised diligence in reviewing the budget to ensure it reflects the yearnings of Nigerians across different sectors of the economy.
Call for Unity and Purpose
The Senate President acknowledged that Nigeria faces significant challenges but expressed confidence that the country can overcome them through courage, determination and responsible leadership.
He urged lawmakers to ensure that public resources are deployed to promote development, strengthen institutions, expand opportunities and improve the lives of citizens.

Akpabio also called on senators to conduct their legislative responsibilities with dignity, seriousness and patriotism.
He concluded by expressing hope that the spiritual lessons of Ramadan and Lent would inspire lawmakers to work together for the peace, unity and prosperity of Nigeria.
“Let us debate with vigour but act with wisdom. Let us differ in opinion but remain united in our duty to the Republic,” he said.

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