FG Charts New Path to Tackle Rising Debt, Mobilises Mass Savings Reveals 70% of 2025 capital budget to be rolled over to 2026 Says N40trn 2025 revenue target has yielded just N10trn cash Senate tasks FIRS with N35trn revenue goal for 2026, demands tax reform education Lawmakers kick against multiple budgets in one fiscal year
Sunday Aborisade in Abuja
The federal government, yesterday, formally signalled
a major shift in fiscal strategy, declaring that it would move away from heavy dependence on borrowing and, instead,
mobilise mass savings across the country as a sustainable way of tackling Nigeria’s rising debt burden.
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, disclosed the new strategy
during an interactive session on the 2026–2028 MediumTerm Expenditure Framework (MTEF) and Fiscal Strategy
Paper (FSP), organised by Senate Committee on Finance, Continued on page 10
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President: Buhari Taught Nigerians That Being in Public Office is Trust, Not Windfall
Deji Elumoye in Abuja
L-R: Chief of the Naval Staff (CNS), Vice Admiral Idi Abbas; Chief of Army Staff (COAS), Lt. Gen. Waidi Shaibu; wife of the late Chief of Army Staff, Mrs. Mariya Lagbaja; Vice President Kashim Shettima; Governor of Lagos State, Mr. Babajide Sanwo-Olu; Minister of Defence, Rtd. Gen. Christopher Musa; Chief of Defence Staff (CDS), Gen. Olufemi Oluyede; representative of the Speaker of the House of Representatives, Hon. Jimi Benson; and Senator Azeez Musa Yar’Adua, representing the Senate President, during the opening ceremony of the 2025 COAS Annual Conference at the NEBO Hall, Abalti Barracks, Ojuelegba, Lagos, yesterday
President Bola Tinubu, yesterday, said his predecessor, the late Muhammadu Buhari, taught Nigerians, particularly politicians, Continued on page 10
Tinubu: We’re Mobilising All Military Assets Against Threats Procures mine-resistant vehicles, new armoured fleet for armed forces Chiemelie Ezeobi in Lagos, Deji Elumoye and Linus Alekein Abuja
President Bola Tinubu, yesterday, reaffirmed his resolve to mobilise all military and law enforcement assets to eliminate insecurity, as well as protect the life and property of all Nigerians.
Tinubu made the pledge at the opening ceremony of Chief of Army Staff Annual Conference, holding in Lagos, where he was represented by Vice President Kashim Shettima. The conference brought together former service chiefs, senior military officers, serving Continued on page 10
Supreme Court: President Not INSTALLED AS AARE ATAYETO (REFORMER) OF IFE... Empowered by Constitution to MAHAMA Ghanaian President, Mr. John Mahama, being installed as Aare Atayeto (Reformer) of Oduduwa by the Ooni of Ife, Oba Suspend Govs, Legislators... Page 25 Adeyeye Enitan Ogunwusi, at Ile-Ife, yesterday (See story on page 24)