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2026 Appropriation Bill: Obasa Says Budget Fundamental To Sustaining Lagos’ Position As Africa’s Leading Economic Hub

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  • Commends President Tinubu, First Lady for Renewed Hope Agenda achievements

 

For prioritising critical sectors – healthcare, education, transportation, security, and governance, Speaker of the Lagos State House of Assembly, Rt. Hon. Dr. Mudashiru Ajayi Obasa has described the 2026 Appropriation Bill as fundamental to sustaining Lagos’ position as Africa’s leading economic hub.

Speaker Obasa said this during the presentation of the Appropriation Bill by Governor Babajide Sanwo-Olu, Tuesday, at the Assembly chamber with state executives, traditional rulers, political and party leaders, Captains of industries, and members of the Diplomatic Corps present.

While appreciating the governor and his team for ‘crafting a comprehensive budget that aligns with Lagos’ aspirations for growth and development’, the Speaker also extolled him for his astuteness, courage, forthrightness, and determined spirit toward a greater Lagos.

According to the Speaker, “You (Governor Sanwo-Olu) have maintained a track record of resourceful consistency, steering our state through economic challenges while driving infrastructure development. Not quite long ago, you brought E1 Racing Championship to Lagos, thereby making Lagos the first African City to host such a tournament.”

Speaker Obasa also acknowledged the Assembly’s role in supporting the executive’s initiatives by enacting laws that enhance the quality of life of residents, particularly in the areas of socio-economic growth, local government reform, and institutional development. He cited the approval of a ₦125 billion bond and the Smart Solar All-in-One Streetlight Project as one such collaboration between the legislature and the executive that continues to set the state apart.

Similarly, the Speaker lauded the Renewed Hope Agenda of President Bola Ahmed Tinubu, under whom he said, “Nigeria has made significant strides in infrastructure, including roads, bridges, and power projects, aimed at unlocking the country’s economic potential. Notably, the naira has also shown appreciation against major currencies, reflecting improved economic confidence and stability.”

He said that the IMF’s confirmation that Nigeria has cleared all its debt obligations underscores the success of President Tinubu’s prudent fiscal management and far-reaching economic reforms. In another major win, he continued, “The Financial Action Task Force (FATF) has officially delisted Nigeria from its ‘grey list’, acknowledging our strengthened frameworks against money laundering and terrorism financing.”

The Speaker also commended the First Lady, Senator Oluremi Tinubu, for her invaluable support of Mr President’s administration through her Renewed Hope Initiative, which focuses on women’s economic empowerment by granting financial aid to women in all 36 states of the federation, including the FCT, to help them start or expand small businesses.

Mrs Tinubu’s Menstrual Hygiene Initiative, according to the Speaker, is already a laudable one with the distribution of sanitary pads to school girls nationwide to ensure that they do not miss school due to their menstrual cycle. “Also, her dedication to education, which spurred a major fundraising initiative of Oluremi@65 Education Fund that led to the completion of National Library Headquarters in Abuja is indeed commendable. You will all recall that she appealed to whosoever wishes to donate to the project to do so rather than giving her birthday gifts,” the Speaker averred.

Earlier in his presentation of the 2026 budget themed “Budget of Shared Prosperity,” the governor said, “This budget is proposed at a total size of N4.237 trillion, comprising a total internally generated revenue of N3.993 trillion, which has only a deficit financing of N243.332 billion. This budget reflects our unwavering commitment to eradicate poverty, expand opportunities, and build a Lagos that works for everyone.”

He added that the budget, anchored on four strategic pillars: a human-centred approach, modern infrastructure, a thriving economy, and good governance, is designed as a roadmap for continuity, resilience, and shared prosperity for Lagos residents. “Our mission remains clear: to eradicate poverty and build a Lagos that works for all,” the governor said.

BIG STORY

Resident Doctors Give Federal Government Four Weeks To Meet Demands

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The Nigerian Association of Resident Doctors (NARD) has issued a four-week ultimatum to the federal government to fully implement outstanding agreements on salaries, allowances and welfare.

The decision was taken at the end of the association’s national executive council (NEC) meeting and scientific conference, held from January 25 to 29, 2026, in Jos, Plateau state.

In a communiqué signed by Mohammad Suleiman, NARD president, the association expressed appreciation to President Bola Tinubu, Vice-President Kashim Shettima, and other key stakeholders for their roles in ongoing engagements.

The NEC acknowledged the reinstatement of disengaged doctors at the Federal Teaching Hospital, Lokoja, and commended the intervention of the Ministry of Labour and Employment and the integrated payroll and personnel information system (IPPIS) on the outstanding 25 and 35 percent consolidated medical salary structure (CONMESS) and accoutrement allowance arrears.

NARD also noted that promotion and salary arrears had been forwarded to relevant authorities, with assurances from the minister of finance that payments would be expedited.

However, the association expressed concern over delays in circulating the directive affirming CONMESS 3 as the approved entry level for medical doctors.

It also decried the non-payment of the professional allowance provided for in the 2026 Appropriation Act and persistent salary arrears across several health institutions.

The association warned of worsening industrial relations at the Benue State University Teaching Hospital. It demanded urgent action, alongside calls for improved welfare, timely release of training funds and renewed investment in health infrastructure nationwide.

“The NEC demands the expeditious clearance of the outstanding 25%/35% CONMESS arrears and accoutrement allowance arrears within the assured two weeks, as committed by the Integrated Payroll and Personnel Information System (IPPIS), following the intervention of the Federal Ministry of Labour and Employment,” the communique reads.

“The NEC demands the prompt payment of all promotion arrears already forwarded to the appropriate authorities, in line with the assurances of the Honourable Minister of Finance for payment within the next four (4) weeks.

“The NEC demands the expedited payment of all outstanding salary arrears owed to specific centres, which have been duly forwarded to the Federal Ministry of Finance for processing, within the assured four (4) week timeline.

“After exhaustive deliberations and in recognition of the progress made by the Federal Government towards addressing the legitimate demands of Nigerian resident doctors, the NEC has resolved to extend the suspension of the Total Indefinite Comprehensive Strike (TICS) for a further period of four (4) weeks as a further goodwill gesture, to allow for the full implementation of the Association’s demands.”

The association had earlier suspended its plan to commence another strike on January 12.

The doctors said this was done after firm commitments from critical stakeholders following Shettima’s intervention.

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BIG STORY

Lagos Couple Stages Self-Kidnap To Raise Funds For Husband’s US Return Ticket, Arrested With N10m Ransom

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A Lagos-based couple, identified simply as Fred and Goodness, have been arrested for allegedly staging their own kidnap and extorting N10m in ransom from their families and friends.

According to Punch Newspaper, the couple faked the abduction on January 7 to solicit funds for the husband, who intended to return to the United States due to a lack of financial support.

A police source who spoke to our correspondent on Thursday said the suspects contacted relatives on both sides of the family and claimed they had been kidnapped while demanding ransom.

The source added that the families raised N10m within three days, believing the money was meant to secure their release.

“The couple faked their kidnapping, thereby calling on friends and families for contributions towards the ransom payment. And what happened was, according to them, the husband wanted to travel back to the US, and he needed some money, but their sponsors were not forthcoming, so they planned it together that maybe by the time they do that, they’ll be able to raise some money.”

Speaking on their arrest, another police source in the command said the couple arranged a meeting at a school in Cappa, Mushin, Lagos, where the ransom was to be delivered.

“Operatives monitoring the area noticed the woman entering the premises alone, while the man arrived separately moments later. However, suspicion was raised when both suspects later emerged together carrying a bag.

“The operatives stopped them, searched the bag, and discovered the ransom money, prompting their immediate arrest. The wife said she was the one who encouraged the husband to make them plot the kidnap.”

The suspects were subsequently handed over to the police, where investigations confirmed that the incident was a case of self-kidnap.

The state Police Public Relations Officer, Abimbola Addebisi, confirmed the incident.

She said, “The couple will be charged to court upon the conclusion of investigations.”

The incident added to the growing number of self-orchestrated abduction cases uncovered by law enforcement.

 

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BIG STORY

Police Arrest Six For ‘Hacking Telecoms Firm To Divert N7.7bn Airtime’, Recover 400 Laptops, 1000 Mobile Phones

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Operatives of the Nigeria Police Force (NPF) have arrested six suspects for allegedly hacking into a telecommunication company in Nigeria to divert airtime and mobile data worth N7.7 billion.

A statement on Wednesday by Benjamin Hundeyin, the force spokesperson, said the suspects allegedly gained unlawful access to the telecommunications company’s core systems.

The suspects are Ahmad Bala, Karibu Mohammed Shehu, Umar Habib, Obinna Ananaba, Ibrahim Shehu, and Masa’ud Sa’ad.

Hundeyin said operatives recovered two mini plazas, retail outlets containing over 400 laptops, 1,000 mobile phones, and a Toyota vehicle.

The force spokesperson said a “substantial” amount of money was traced to the suspects’ bank accounts.

“The syndicate was responsible for the illegal diversion of a telecommunications company’s airtime and data resources, resulting in an estimated financial loss of over ₦7.7 billion,” the statement reads.

“The breakthrough followed a petition by a Nigerian telecommunications company, which reported suspicious and unauthorized activities within its billing and payments infrastructure.

“Investigations revealed that internal staff login credentials had been compromised, granting threat actors unlawful access to core systems.

“Following weeks of planning, coordinated enforcement operations were executed in October 2025 in Kano and Katsina States, with a follow-up arrest in the Federal Capital Territory.

“The suspects would be charged to court on the completion of the investigation.

“Meanwhile, the Inspector-General of Police, IGP Kayode Adeolu Egbetokun, Ph.D., NPM, has commended the officers involved in the investigation for their professionalism.”

 

 

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