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Oil Can’t Sustain FG’s Budget 2021–RMAFC Member

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A member of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Alhaji Shuaibu Yamam Abdullahi, has stated that the 2021 federal government budget would face immense fiscal challenges, given the current global economic challenges and the country’s sole dependence on oil as its major source of revenue.

Abdullahi, who was fielding questions from journalists in Ilorin, the Kwara state capital, urged the federal government to commence a thorough diversification programme in earnest that would be pursued with more vigour and aggression, if the budget proposal would not be a mirage. He also admonished the government to expand its tax net to cover millions of other people who have not been captured and have not been paying their taxes as expected of patriotic citizens.

He said: “Oil is an exhaustive commodity. The whole world is taking steps back from fossil fuel. China, for example, which is one of the highest buyers of fuel, is saying by 2024, they do not want to have petrol-fueled cars any more. They are thinking of electric cars. That is what is in vogue now, no serious country thinks of oil on the long term again.

“Currently, oil has fallen to as low as $40. So who will buy our oil now? We are not producing to our full capacity because people are not buying. The ones we are producing, we are not getting more than 40 percent of its value. So the revenue of government is very small and declining. I remember how life used to be in those days. In primary school we paid nothing, in secondary school we also paid nothing. Even in my University days, I was paid to go to school. Even when I go home, I give my parents money. This happened at a time when oil wasn’t there.

“How were we able to achieve that? It was through tax. When you are 20 years, you pay tax. People paid their taxes diligently. It was through that money that local authorities sponsored the school system. We had exercise books free, we had text books free and we got sponsorships too. Now with 200 million people, how many people pay tax in Nigeria now? Very few.

“With or without Covid-19 pandemic, there are certain structural issues affecting the Nigerian economy. The Minister of Finance said that the problem of the country is just one: To take care of the people. Nigeria has a population of 200 million people, at least that is what many agree on. We depend on one product, oil, as sustainer of our economy. So if there is anything that affects oil as it is currently, it affects the economy.

“There are also talks that the effects of Covid-19 pandemic will play its role in the budget realisation. But even before the pandemic, oil prices have started plummeting. At a point in time, we were selling our oil at $100 per barrel. Effects of Covid-19 further forced it down to about $50 and even below. What this tells us is that the revenue stream of government was halved. The effect of that is that the money that would have been available for the economy to be strong has not been there.

“Government revenue is so small now. In Africa, Nigeria is the lowest in terms of tax to GDP ratio. Nigeria has only six percent, while countries like Ghana, South Africa, even Rwanda that has just risen from genocide, have about 20 percent. This is the revenue contribution of individuals in relation to the GDP. But because a lot of us are outside the tax net, and do not pay tax, the country suffers.

“I have a tailor who makes clothes for me. I sometimes pay him N20,000 to make five clothes for me. He makes between N100,000 and N400,000 in a month, but he pays no tax, while the poor man who makes N30,000 in a month, works with government, his taxes are deducted at source. Now the ones who earn more and pay nothing are more vociferous in asking for amenities. How will the money come?

“Now with Covid-19, most industrialised countries have stopped working. There was lockdown. So the demand for our oil went to an abysmal low. With that, the little revenue that was coming almost stopped. At a point, we had so many of our ships floating on the high seas with nobody to buy our oil.”

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‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain

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By Emmanuel Kuza

A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.

Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.

According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.

“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.

He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.

“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.

The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.

Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.

“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.

He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.

“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.

Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.

He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu

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200 widows benefit from empowerment outreach in Plateau

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By Israel Adamu, Jos 

 Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.

The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.

The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.

She stressed that the outreach was not a political programme but an expression of love and support for humanity.

Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.

“This is simply an expression of compassion and love for humanity. It is not a political programme.

“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”

Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.

Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.

At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash

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SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance

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By Francis Wilfred 

The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.

They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026

The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.

Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.

Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations

He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector

“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.

In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.

The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.

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