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FG disburses N2.45tn to states for infrastructure, security

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The total amount disbursed to state governments and the Federal Capital Territory as financial support for infrastructure and security projects has increased to N2.45tn, official records from the Office of the Accountant-General of the Federation have revealed.

The amount disbursed between March 2024 and August 2025, which spanned over 17 months, was aimed at bolstering infrastructure development and strengthening security operations at the subnational level, as part of ongoing efforts to address widespread insecurity and bridge critical infrastructure gaps across the country.

These details were contained in internal documents from the OAGF, submitted at the December 2025 Federal Accounts Allocation Committee meeting, obtained on Friday.

The disbursements were made under a special intervention programme funded through non-oil revenue savings, as part of efforts to ease fiscal pressure on subnational governments and accelerate project execution at the grassroots.

The document, titled “Ledger of Savings on Intervention to States Infrastructure and Security,” showed that the payments were drawn from non-oil revenue savings, totalling N2.45tn within the 17 months. However, the document did not disclose how much each state received or whether the funds were disbursed separately from the monthly revenue allocation.

Details of the transactions indicated that the total receipts by the Federal Government over the period stood at N2.45tn, from which N2.45tn was paid out to state governments and the Federal Capital Territory, leaving zero balance as of 25 August 2025.

The document disclosed that total disbursements in 2024 amounted to N1.184tn, following four transactions in April (N259bn), May (N222bn), September (N370bn), and December (N333bn).

In 2025, payments rose further to N1.266tn, driven by six transfers spread across February (N216bn), April (N200bn), May (N250bn), June (N250bn), July (N250bn), and August (N100bn), underscoring a sustained pace of funding releases to beneficiaries over the two-year period.

Each payment is recorded as a “Payment for Intervention to States and FCT”, while corresponding inflows are titled “Transfer from Non-Oil Savings.”

Recall that on July 20, 2023, President Bola Tinubu approved the establishment of the Infrastructure Support Fund for the 36 states of the federation as part of measures to cushion the effects of the petrol subsidy removal on the people.

Providing more details on the establishment of the ISF for the 36 states, the then Special Adviser to the President, Special Duties, Communications and Strategy, Dele Alake, said, in a statement, “The new infrastructure fund will enable the states to intervene and invest in the critical areas of transportation, including farm to market road improvements; agriculture, encompassing livestock and ranching solutions; health, with a focus on basic healthcare; education, especially basic education; power and water resources, that will improve economic competitiveness, create jobs and deliver economic prosperity for Nigerians.

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“The committee also resolved to save a portion of the monthly distributable proceeds to minimise the impact of the increased revenues, occasioned by the subsidy removal and exchange rate unification, on money supply, as well as inflation and the exchange rate.”

He added, “These savings will complement the efforts of the ISF and other existing and planned fiscal measures, all aimed at ensuring that the subsidy removal translates into tangible improvements in the lives and living standards of Nigerians.”

A breakdown of the transactions shows that monthly receipts into the account and subsequent disbursements largely followed a predictable pattern, punctuated by periods of sharp spikes that reflected major intervention payments to states. In March 2024, the Federal Government received N300bn as a transfer from non-oil savings but did not make any disbursement to states in that month. This was followed in April 2024 by a payment of N259bn to states, even as only N100bn was received into the account during the period.

In May 2024, inflows remained modest, with N100bn saved into the account, while a larger sum of N222bn was paid out to sub-national governments. Savings of N100bn were again recorded in June 2024, with no corresponding disbursement reported. The trend continued in July and August 2024, when N100bn was received in each month, also without any payments to states.

A major shift occurred in September 2024, when N100bn was received into the account before a substantial N370bn was disbursed to states as intervention funding. Inflows of N100bn resumed in October 2024, followed by a higher savings of N200bn in November 2024, reflecting an effort to rebuild balances after the heavy September payout. By December 2024, another significant intervention was executed, with N333bn shared among benefiting states.

The pattern extended into 2025, beginning with savings of N100bn recorded in both January and February. This was followed by a disbursement of N216bn in February, paid to states as intervention support. In March and April 2025, the Federal Government again saved N100bn in each month, before transferring N200bn to states in April.

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By May 2025, both savings and disbursements increased, with N250bn saved and an equal N250bn paid to states within the same month.

This one-to-one pattern continued through June and July, when states received N250bn in each month, matching the amounts saved. In August 2025, the trend moderated, with N100bn saved and the same amount subsequently shared among states, underscoring a closer alignment between inflows and intervention payments in the latter part of the period.

The regular monthly payments, typically N100bn, reflect a structured intervention strategy by the FG to provide fiscal support to subnational governments.

The payments, made monthly under the Federation Account framework, are aimed at supporting subnational governments to address pressing infrastructure gaps and security-related challenges. However, questions remain over how the funds are being utilised by states, especially given rising public concern about transparency in state-level spending.

Reacting in an earlier interview, the Executive Director of the Civil Society Legislative Advocacy Centre, Auwal Rafsanjani, criticised the Federal Government and state governors over what he described as the poor and unaccountable use of the N1.6tn disbursed for infrastructure and security between March 2024 and May 2025.

Rafsanjani, speaking in an interview with The PUNCH, said the funds, which were meant to address critical developmental challenges across the country, have not achieved their objective, considering the level of insecurity in the country.

He noted that with political actors already preoccupied with the 2027 elections, public spending has become more about power retention than people-oriented development.

He said, “First and foremost, we are in the era of financial recklessness. We are in the era of the collapse of responsible governance, accountability, and a collapse in poor projects and programmes that would impact the Nigerian people. So we are not surprised to see this level of lack of poor utilisation of these savings to ameliorate the suffering of Nigerians in terms of infrastructure, insecurity, healthcare, education, and basic amenities that are needed for the society or for the people to be productive and protected in Nigeria.

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“Instead, we are seeing democratic scrambling of public resources without accountability for personal use. This is what we are experiencing, and unfortunately, this is what public officials and political officials are doing in the country. Right now, the only preoccupation is 2027, so wherever they can make money to invest in the 2027 election at the expense of development in Nigeria. This is why you can’t have any accountable public spending in Nigeria.”

“No, this can’t be judiciously spent, because if it were, we would have seen the positive impact on the nation. But because it is not judiciously spent, that’s why you can’t see any manifestation of benefits to the Nigerian people.

“The whole idea was probably not to allow the public to know these things, where questions would be asked. We need to make a serious issue, it would continue, and this is happening at all levels.”

It was recalls that, beyond these interventions, the Federal Government continues to fund major infrastructure projects, including the approval of a N1tn Metropolitan Rail Service for Kano State, designed to improve urban transportation, stimulate economic activities, and ease traffic congestion in the state capital.

The approval was disclosed by Kano State Governor, Abba Yusuf, while addressing members of the state contingent that participated in the 2025 National Qur’anic Recitation Competition held in Borno State.

“The Federal Government has approved the construction of a N1 trillion Metropolitan Rail Service for Kano State in a major move aimed at transforming urban transportation,” the statement read.

Yusuf said the rail project would provide a modern, efficient, and affordable mass transit system linking major districts within the Kano metropolis, thereby enhancing mobility and stimulating trade and investment.

“The Kano Metropolitan Rail Service will transform public transportation in the state by providing a reliable, safe, and affordable means of movement for residents across the metropolis,” the governor was quoted as saying.

Kano’s receipt of the large-scale infrastructure intervention comes against the backdrop of recent political realignments in the state, following the defection of key political actors to the ruling All Progressives Congress.

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Oshiomhole seeks ban on MTN, DSTV, read why

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The senator representing Edo North, Adams Oshiomhole, on Tuesday called for the revocation of licences of South African companies operating in Nigeria, including MTN and MultiChoice, owners of DSTV, following renewed xenophobic attacks against Nigerians in South Africa.

The call came as the National Assembly condemned the latest wave of attacks, urging the Federal Government to take immediate diplomatic and protective measures to safeguard Nigerian citizens abroad.

Speaking during plenary, Oshiomhole said Nigeria must respond firmly, invoking the principle of reciprocity in international relations.

He said, “I don’t want this Senate to be shedding tears, to sympathise with those who have died. We didn’t come here to share tears.

“If you hit me, I’ll hit you. I think it is appropriate in diplomacy. It’s an economic struggle.”

The former Edo State governor proposed that Nigeria should nationalise MTN and withdraw its operating licence, arguing that the company repatriates significant revenue while Nigerians face hostility in South Africa.

“This Senate should adopt a position that MTN, a South African company that is cutting away millions of dollars from Nigeria every day, should have Nigeria nationalise it and withdraw its licence,” he said.

According to him, such action would not only serve as a deterrent but also create opportunities for indigenous firms, amid what he described as economic and social targeting of Nigerians abroad.

He extended the call to MultiChoice, urging the Federal Government to revoke DSTV’s licence over alleged exploitative practices.

“I call on the Federal Government to revoke DSTV, which is also a South African company that is cutting away millions of dollars,” he said.

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Oshiomhole linked the recurring tensions to domestic political dynamics in South Africa, noting that anti-immigrant rhetoric had become a feature of its politics and was shaping public attitudes toward foreign nationals, including Nigerians.

“When we hit back, the president of South Africa will go on his knees to recognise that Nigerians cannot be intimidated,” he said.

The senator made the remarks while contributing to a motion sponsored by Osita Izunaso, which was read on the floor by Aniekan Bassey under Senate rules on matters of urgent public importance.

Titled “A call for urgent national diplomatic and humanitarian action to defend the dignity, safety and honour of Nigerian citizens,” the motion highlighted growing concerns over the safety of Nigerians in South Africa.

Also speaking, Senator Victor Umeh described the situation as alarming, warning that Nigerians were living in fear.

“It is worrisome. They are hiding for their lives. They can’t move freely. This is a situation where people are paying good with evil,” he said, referencing Nigeria’s historical support for the anti-apartheid struggle.

Umeh called on the African Union to intervene and impose sanctions, warning that Nigeria could no longer tolerate attacks on its citizens.

“The AU, of which South Africa is a member, should rise now and impose necessary sanctions,” he said, adding that “we cannot allow this to continue.”

Oshiomhole, however, doubled down on calls for economic retaliation, arguing that Nigeria must move beyond rhetoric.

“I don’t want this Senate to be shedding tears to sympathise with those who have died. We didn’t come here to shed tears. I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

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He further argued that Nigerians should take advantage of opportunities in the local economy, currently dominated by foreign firms.

Senator Abdul Ningi warned South Africans over recent attacks on Nigerians, threatening that the country would take the fight to their territory.

“If a crime has been committed under the South African law, they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that.

“If these things continue, we have alternatives, we have options, and therefore, these words should be sent across South Africa. We know where South Africans are, not only in Nigeria but all over Africa, and we can take this fight to their territory,” he said.

Speaking, the Senate President, Godswill Akpabio, decried the attack, adding that the National Assembly would send a joint team to meet with the South-African parliament on the matter.

“This is just not acceptable, this is barbaric, this is cruel, this is unheard of, this is strange behaviour, and we’re not seeing action from the government of South Africa. These are aspects that annoy me,” Akpabio said.

The development underscores mounting pressure on the Federal Government to adopt a tougher stance, as recurring xenophobic violence in South Africa continues to strain diplomatic relations and provoke calls for both economic countermeasures and stronger protections for Nigerians abroad.

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Naira gains, trades 1,365/$ at official FX market

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…NFEM rate — N1,365.2474/$

…Naira strengthens by at least N9

…Black market (Buying and selling rates) — N1,390 — N1,400

The Nigerian naira strengthened against the United States (US) dollar, trading at N1,365.2474 at the Central Bank of Nigeria (CBN) official foreign exchange window on Monday, 4th May, 2026.

According to the data shared on the official platform of the Central Bank of Nigeria (CBN), the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,365.2474 per dollar and closed at N1,367.5000 per dollar.

Tribune Online reports that the Nigerian currency traded at an NFEM rate of N1,374.9431 on 30th April 2026, which was the previous trading date. Comparing this with the trading rate on Monday, the naira strengthened by at least N9.

At the parallel market, the naira-to-dollar buying rate decreased by N3, while the selling rate increased by N2, compared with the previous trading rate on 30th April, 2026.

According to Aboki FX, the Naira-to-dollar exchange rate at the black market on Monday, 4th May, 2026, was N1,390 for the buying rate and N1,400 per dollar for the selling rate.

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Experts promote rabbit value chain investment

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Experts in animal production have identified rabbit farming as a viable avenue for economic growth, job creation, and improved nutrition in Nigeria.

The experts made this known during a public lecture held at the Bauchi State College of Agriculture on Friday as part of activities marking Rabbit Appetite Day.

Speaking at the event, a registered animal scientist and lecturer at the Federal Polytechnic Damaturu, Sani Muazu, said there was a need to promote both the consumption and commercial production of rabbits across the country.

He described rabbit production as a largely untapped but promising sector capable of contributing significantly to Nigeria’s economy.

“Rabbit farming in Nigeria is still underdeveloped, with only about three to five per cent of the population engaged in the enterprise, mostly at small-scale family levels where farmers keep an average of two to seven breeding females. Despite this, the sector offers vast opportunities for expansion and commercialisation,” he said.

Muazu noted that rabbits are highly productive animals, with a gestation period of about 30 days and the capacity to produce up to 20 or more offspring annually.

He added that their low feeding and housing requirements make them suitable for students, smallholder farmers, and urban residents seeking alternative sources of income.

According to him, rabbit production extends beyond farming to other economic activities such as breeding, feed supply, veterinary services, processing, and marketing.

He also highlighted the nutritional value of rabbit meat, describing it as rich in protein, low in fat, and suitable for addressing protein deficiency in the country.

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On environmental sustainability, Muazu said rabbits require less land and water and emit fewer greenhouse gases compared to larger livestock, making them suitable for climate-smart agriculture, particularly in semi-arid regions.

However, he identified low public awareness and high mortality rates among young rabbits as major challenges hindering the sector’s growth.

He urged students and youths to take advantage of opportunities in rabbit farming by starting small-scale ventures that could grow into profitable agribusinesses, while calling on government and private sector players to invest in the development of the rabbit value chain.

In his remarks, the Provost of the Bauchi State College of Agriculture, Dr Ahmed Isah, described the event as timely and impactful, noting that it would encourage students to embrace self-employment through agriculture.

“Such initiatives are critical in addressing unemployment. Graduates can become employers of labour through ventures like rabbit farming,” he said.

He also encouraged members of the public to engage in rabbit production, describing it as a profitable and easy-to-start enterprise with the potential to improve livelihoods and boost the nation’s economy.

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