Sanwo-Olu Presents N4.23 Trillion 2026 'Budget of Shared Prosperity' Budget anchors on four pillars with deficit financing of N243.332bn Economic Affairs has largest share of N1.372trn
Segun James
Governor Babajide Sanwo-Olu
of Lagos State yesterday presented a N4.237 trillion budget proposal for 2026
before the House of Assembly. The budget had a total revenue of N3.993 trillion and
deficit financing of N243.332bn. Tagged, “The Budget of Shared Prosperity,” Sanwo-Olu
said the budget was meant to build a Lagos that worked for everyone, that was safe
and secure.
Continued on page 5
Dangote Picks US Firm, Honeywell to Upgrade 650,000 Bpd Refinery to 1.4m Bpd... Page 8 Wednesday, Monday, November January26, 6, 2025 Vol Vol29. 30.No No10865. 11189. Price: N400
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NNPC: N16tn Remitted to Federation in Taxes, Royalties, Dividends in 2024 Spends N4.46tn on ‘sustainable’ procurement Targets 226 CNG stations by 2026 Employees exceed 5,400, 20% women in senior management
Emmanuel Addeh in Abuja
Nigerian National Petroleum
Company Limited (NNPC Ltd) has disclosed that it paid the federal government nearly
N16 trillion in taxes, royalties, and dividends in 2024, describing the achievement
as unprecedented. In a statement to the shareholders, members of
the NNPC board, as well as partners and customers in the just-released Annual Financial
Report, Group Chief Executive Officer of the national oil Continued on page 36
All 24 Kebbi Schoolgirls Freed, Tinubu Elated, Says He’s Relieved Orders 24-hour aerial surveillance of Kebbi, Kwara, Niger, charges security agencies to rescue others in captivity Military, DSS put pressure on bandits to free 38 Eruku worshippers, says Onanuga IGP seeks collaboration to surmount insecurity across Nigeria, Assembly says Niger under siege
Deji Elumoye, Michael Olugbode, Onyebuchi Ezigbo, Adedayo Akinwale, Linus Aleke in Abuja, John Shiklam in Kaduna, Hammed Shittu in Ilorin, Laleye Dipo in Minna, Emmanuel UgwuNwogo in Enugu and Ahmad Sorondinki in Kano The 24 schoolgirls abducted from Government Girls Comprehensive Senior Secondary School (GGCSS), Maga, in Danko/Wasagu Local Government Area of Kebbi State, have regained their freedom. President Bola Tinubu expressed happiness over the development, saying he has ordered a total air security Continued on page 5
PANEL DISCUSSION AT THE 12TH WORLD INNOVATION SUMMIT FOR EDUCATION...
L-R: First Lady of Lebanon, Mrs. Nehmot Aoun; First Lady of Nigeria, Senator Oluremi Tinubu; and First Lady of Syria, Mrs. Latifa Al-Droubi, during the panel discussion at the 12th World Innovation Summit for Education (WISE) with the theme Humanity IO: Human Values at the Heart of Education, in Qatar, yesterday