News
FG prepares for 2027 election crisis! *Raises N135.22billion for litigations
Indications are emerging that not taking the issue lightly, the Federal Government is already building a financial bulwark to counter those who might be challenging the outcome of the January, 2027 presidential in court.
In fact, a whopping N135.22billion has been voted to that effect in the 2026 budget for what it described as “Electoral Adjudication and Post Election Provision,” that the judiciary would play a central role in the entire process.
The PUNCH reports that the provision was contained in the House of Representatives Order Paper for March 31, 2026, which carried the report on the 2026 Appropriation Bill, adding that the allocation was captured under the Service-Wide Votes, a centrally managed pool of funds used by the Federal Government to finance obligations not tied to a specific ministry, department, or agency.
It has been described as a central provision used to cover expenditures that cut across multiple agencies, including unforeseen obligations, national commitments, and liabilities that cannot be easily assigned to a single institution.
The N135.22billion provision for post-election matters indicate, according to the report, that the government expected ongoing fiscal pressure from election-related legal disputes, settlements, and administrative processes.
Further analysis of the appropriation document showed that the provision sits within the broader Consolidated Revenue Fund charges, reinforcing its classification as a centrally managed obligation rather than a direct allocation to any single agency.
The budget schedule showed that total CRF charges stood at N3.70tn, meaning the electoral adjudication and post-election line alone accounted for about 3.65 per cent of that segment of spending.
The allocation came alongside a much larger N1.01tn statutory transfer to the Independent National Electoral Commission in the 2026 fiscal proposal.
The PUNCH observed that INEC is the largest recipient in this category, accounting for 21 per cent of the total statutory transfers of N4.80trillion.
Statutory transfers are compulsory allocations backed by law and the Constitution, paid directly to government institutions such as INEC, the National Assembly, and the National Judicial Council.
These funds are released as a first-line charge from the Consolidated Revenue Fund and are not subject to direct executive control.
This means agencies receiving statutory transfers have a degree of financial autonomy and are guaranteed funding to carry out constitutionally mandated functions, particularly those tied to governance, democracy, and institutional oversight.
The PUNCH reported earlier in February that INEC informed the National Assembly it required N873.78bn to conduct the 2027 general elections. The agency also demanded N171billion to fund its operations in the 2026 fiscal year.
The N873.78billion proposed for the 2027 elections represents a significant increase over the N313.4bn released by the Federal Government for the 2023 general election.
The PUNCH further observed that the N135.22billion included in the 2026 appropriation bill is a new line item, which was not stated in the proposed 2026 budget.
No candidate was imposed neither was any member barred from participating in the process, the Nigeria Democratic Congress (NDC), said on Thursday, which defending the integrity of the exercise, which ended on May 29.
In a statement by Ikenna Enekweizu, National Secretary, party said that all aspirants were given a fair opportunity to participate in the democratic process, adding that the selection process was driven by consultation, consensus-building, and stakeholder engagement through established leadership structures across the country.
Stressing that its National Secretariat was never involved in the business of picking, choosing, or imposing candidates on any constituency or state, contrary to allegations that have emerged following the conclusion of the primaries, the statement added: “At no time has the NDC National Secretariat been involved in the business of picking, choosing, or imposing candidates on any constituency or state.
“Aspirants seeking elective positions were directed to engage with caucus leaders, stakeholders, and grassroots members in their respective states, who were responsible for consultations and recommendations based on local political realities. In the South-East geopolitical zone, our presidential candidate, Peter Obi, joined the party with an existing network of respected political leaders and elder statesmen who currently serve as caucus heads across the region.
“These include former governors and senior political figures such as Sam Egwu, Okwesilieze Nwodo, and Achike Udenwa, among others. The party explained that these leaders were tasked with conducting stakeholder consultations and helping build consensus around aspirants in their respective states.
“These leaders were entrusted with conducting stakeholder consultations, building consensus, and making recommendations to the party based on their understanding of the peculiar political dynamics in their respective states.
“Aspirants who disagreed with stakeholder recommendations were not excluded from the process but were allowed to test their popularity through grassroots primaries. This process was conducted without prejudice to the rights of any aspirant. Where aspirants disagreed with recommendations made by stakeholders or caucus leaders, they were free to test their popularity through the democratic process at the grassroots level, and this was duly accommodated,” the party said.
Addressing concerns raised by some aspirants following the primaries, the NDC acknowledged reports of individuals prematurely declaring themselves candidates as well as complaints regarding aspects of the process.
However, it maintained that such issues had been referred to the party’s appeal panel and leadership for resolution.
The statement also highlighted the party’s commitment to affirmative action and greater female participation in politics, noting that efforts had been made to encourage women to seek elective offices while also considering the interests of serving lawmakers.
Looking ahead, the NDC announced plans to begin a broad reconciliation process aimed at healing divisions and strengthening party unity after the conclusion of the primaries.
“As resolved at yesterday’s NEC meeting, we now look forward to the commencement of a comprehensive reconciliation process. We count on our esteemed caucus leaders, state chairmen, stakeholders, and party leaders to engage all aspirants and members in the interest of unity, cohesion, and the continued growth of our party.”
The party reiterated that its role throughout the nomination process was primarily to welcome new members and aspirants, reassure them of its commitment to fairness and transparency, and direct them to the appropriate caucus structures for participation in party affairs.
According to the NDC, the approach reflects its commitment to internal democracy, consultation, inclusiveness, and respect for established leadership structures as it continues preparations for future elections.
Idi Abbas, Chief of the Naval Staff (CNS), on Friday, prayed for a legislation to establish a special court to try those caught in the business of stealing crude oil in Nigeria, saying the current general law was not too helpful in stemming the tide.
It was also a day he claimed that the powerful forces behind the syndicate had a way of projecting fronts while remaining behind the scene, which made it almost impossible to track them to face justice.
In fact, Abbas, a Vice Admiral, revealed that the operation was so perfect that those arrested at illegal refining sites were usually low-level operatives with little knowledge of the larger criminal network.
A guest on Sunrise Daily, a breakfast programme on Channels Television, the Naval Chief noted that many of those apprehended during operations are merely workers paid small sums, adding that such a complex structure of oil theft syndicates made it difficult to identify and prosecute the individuals who orchestrate the criminal enterprise.
“Most of the faces behind these thefts are not really known or are not the ones we always catch. The ones we get at most of the illegal refinery sites are just being given some paltry sum, while the big masquerades are the ones that make the real money. Prosecuting suspects is often complicated by the fact that many of those arrested have little or no information about the people directing the operations.
“In trying to prosecute some of these people that we get, some of them don’t even know who they are working for. So, the network is a very delicate one.
“But despite the challenges the Nigerian Navy and other security agencies are continually refining their strategies to counter the evolving tactics of oil thieves. As they are evolving strategies, we are also evolving new strategies. Like I keep saying, technology is the way forward. With that, we have been able to reduce the level of theft.”
Stating that the adoption of technology-driven surveillance, intelligence gathering and monitoring systems had significantly enhanced efforts to curb crude oil theft and protect critical national assets, he reaffirmed the commitment of the Nigerian Navy to sustaining operations against oil theft, stressing that collaboration among security agencies, stakeholders and host communities remains essential to safeguarding the nation’s oil resources.
The naval boss while assuring that Nigeria’s coastal and riverine communities are relatively safe, said the Nigerian Navy had made significant progress in reducing threats along the coast, particularly illegal oil-related activities and sea robbery.
“As it stands today, I can say that our coastal areas and the riverine areas are relatively safe. While crude oil theft and isolated cases of sea robbery remain areas of concern, the Navy has been largely successful in containing such activities through intensified surveillance and enforcement operations.
Hear him: “What we are contending with mostly there is the issue of crude oil theft and some pockets of sea robbery, which we are able to curtail. There is need for the establishment of a special court dedicated to prosecuting maritime crimes.
“This court will focus exclusively on cases involving crude oil theft and other maritime-related offences, helping to address delays associated with the conventional judicial process. The establishment of such a court would significantly accelerate the dispensation of justice and reduce the burden currently placed on the Navy in maintaining seized vessels and other exhibits pending the conclusion of lengthy court processes.
“If we have that in place, I believe the dispensation of justice will be done much faster and then ease the burden of keeping and maintaining some of the arrested vessels, which will be taken off from us because we spend a lot to maintain those vessels under our custody.”
Nigeria is considering refinancing some of its expensive debt obligations and raising fresh funding to bridge its budget deficit, buoyed by improved investor confidence and elevated crude oil prices triggered by tensions in the Middle East.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed that the federal government was looking to take advantage of favourable market conditions to restructure costly legacy debt and secure additional financing for development projects.
Speaking in an interview with Bloomberg TV, Oyedele said the current environment presented a unique opportunity for Nigeria to improve its debt profile while mobilising resources to support economic growth.
“We think that this timing is good for us to be able to maybe even refinance some of our expensive past debts, but also to raise more funding for our development at this critical time. You don’t know what happens tomorrow. But as of today, market conditions are actually very good,” he pointed out.
The renewed optimism stems largely from the sharp rise in crude oil prices following the conflict involving Iran, which has boosted the fortunes of oil-producing countries outside the Middle East, including Nigeria.
Higher oil prices have strengthened Nigeria’s external earnings position and improved investor perception of the country’s creditworthiness. The premium demanded by investors to hold Nigerian dollar-denominated bonds over comparable United States Treasury securities has fallen significantly, reflecting growing confidence in the economy.
Despite improvements in government revenue, Oyedele noted that Nigeria still faces a budget deficit of about N30 trillion this year, necessitating the search for additional financing sources.
The minister explained that the government was keeping its financing options open, including access to concessional loans from multilateral institutions. “We’re keeping our options open, we know the size of the deficit, including less-costly concessionary loans,” he said.
According to him, discussions are ongoing with the World Bank and other development finance institutions, while reforms implemented by the Bola Tinubu administration have continued to attract investor interest.
The government has undertaken a number of reforms since assuming office in May 2023, including fuel subsidy removal, tax policy changes, foreign exchange reforms and efforts to improve fiscal revenues.
However, while rising oil prices have boosted government earnings, they have also contributed to inflationary pressures globally, complicating monetary policy decisions and increasing the cost of delivering critical infrastructure and social services.
The US-Israeli war on Iran has pushed the price of Brent crude up as much as 63 per cent this year, creating an opportunity for producers outside the Middle East like Nigeria, while the premium investors demand to hold Nigerian dollar bonds rather than US Treasuries has fallen 80 basis points since the start of the war to 262, the lowest in more than a decade.
Meanwhile, Nigeria may face fresh trade headwinds from the United States after the Office of the United States Trade Representative (USTR) proposed imposing an additional 12.5 per cent tariff on Nigerian exports over concerns relating to alleged forced labour regulations.
The proposal forms part of action targeting 60 economies under Section 301 of the US Trade Act of 1974, following investigations into what Washington described as inadequate measures by several trading partners to combat forced labour in international supply chains.
In a statement issued by the USTR, Nigeria was listed among 54 economies found to have “failed to impose and effectively enforce a prohibition on the importation of goods produced with forced labour.” As a result, the agency proposed additional duties on products originating from the affected countries.
The agency explained that countries with existing forced labour import prohibitions or those that have committed to implementing such measures through trade agreements would face a lower tariff of 10 per cent.
However, countries categorised as having no effective prohibition regime, including Nigeria, could be subjected to a 12.5 per cent additional duty should the proposal be adopted.
U.S. Trade Representative, Ambassador Jamieson Greer, said the failure of major trading partners to adequately address the importation of goods produced with forced labour created unfair competition for American workers and businesses.
“The failure of our most important trading partners to address the importation of goods made with forced labour is unacceptable. This creates a dynamic where American workers are forced to compete globally on an unlevel playing field,” Greer said.
He added that while some countries had taken initial steps to curb the importation of forced labour goods, much more needed to be done to eliminate the practice from global supply chains.
The USTR argued that the failure of the affected economies to establish and enforce effective forced labour import prohibitions undermines global efforts to eradicate forced labour, distorts market competition and disadvantages firms that comply with acceptable labour standards.
According to the agency, such practices burden U.S. commerce by exposing American producers to unfair competition and facilitating the circumvention of existing forced labour restrictions.
Aside from Nigeria, other impacted countries include: Algeria; Angola; Argentina; Australia; the Bahamas; Bahrain; Bangladesh; Brazil; Cambodia; Chile; China, People’s Republic of; Colombia; Costa Rica; Dominican Republic; Egypt; El Salvador; Guatemala; Guyana; Honduras; Hong Kong, China; India; Iraq; Israel; Japan; Jordan; Kazakhstan; Kuwait; Libya; Malaysia and Morocco.
Others include: New Zealand; Nicaragua; Norway; Oman; Peru; the Philippines; Qatar; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Sri Lanka; Switzerland; Taiwan; Thailand; Trinidad and Tobago; Türkiye; United Arab Emirates; United Kingdom; Uruguay; Venezuela; and Vietnam.
Culled from ARISE NEWS
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