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Senate Approves MTEF, Probes NNPCL Over Subsidy Funds

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By Adenike Lawal

Ahead of President Bola Tinubu’s 2025 Appropriation Bill presentation, the Senate has approved the 2025–2027 Medium Term Expenditure Framework (MTEF), and Fiscal Strategy Paper.

This followed a report from its joint Committees on Finance and National Planning, led by Senator Sani Musa (APC, Niger East).

The Senate also launched a probe into allegations that the Nigerian National Petroleum Company Limited (NNPCL), withheld N8.48 trillion in petrol subsidy payments and failed to remit $2 billion in taxes to the Federal Government. Committees on Finance, Petroleum (Upstream and Downstream), and Gas will verify unremitted revenues from petrol sales between 2020 and 2023 and review agreements involving NNPCL and other agencies to reconcile remittances.

The Senate set fiscal assumptions in the MTEF, including an exchange rate of N1,400 per dollar and oil production targets rising from 2.06 million barrels per day in 2025 to 2.35 million bpd by 2027.

The N47.9 trillion budget for 2025 includes projected revenues of N34.82 trillion and borrowings of N9.22 trillion.

Senators called for transparency and urged measures to support manufacturing, increase taxation on the wealthy, and ensure efficient refinery operations.

These efforts reflect a push for fiscal discipline and accountability.

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Education

FG Rolls Out AI Training for Teachers to Boost Tech Education in Schools

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By Rofiat Olokuta

The Federal Government has unveiled a pioneering initiative to integrate artificial intelligence (AI), into Nigeria’s public school classrooms.

Launched on July 7, 2025, the programme, Experience AI in Nigeria is set to train over 3,150 secondary school teachers across five southwestern states.

Spearheaded by NerdzFactory in partnership with the Raspberry Pi Foundation and funded by Google.org, the initiative introduces teachers to the basics of AI and machine learning.

These educators will, in turn, train more than 150,000 students, fostering early exposure to future-ready tech skills.

The hybrid training model blends online learning with hands-on workshops, ensuring inclusive participation from both urban and rural schools.

Running until December 2026, the programme marks a major step in Nigeria’s push to align its education system with global digital advancements and prepare its youth for emerging careers in technology.

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Ex-Governor Rashidi Ladoja Set to Become Next Olubadan

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By Huldah Shado

Former Oyo State Governor, Rashidi Adewolu Ladoja, is on track to become the next Olubadan of Ibadanland following the death of the 43rd Olubadan, Oba Owolabi Olakulehin.

In line with Ibadan’s traditional succession system, the Olubadan stool alternates between two royal lines – Egbe Agba (civil) and Balogun (military).

With the late Oba Olakulehin coming from the Balogun line, the next monarch is expected to emerge from the Egbe Agba line, where Ladoja currently holds the position of Otun Olubadan, the most senior chief.

Ladoja, who governed Oyo State from 2003 to 2007 and previously served as a senator, has steadily climbed the traditional hierarchy.

His elevation in August 2024 to Otun Olubadan formally qualifies him for the revered throne.

He recently marked his 80th birthday in September 2024, further solidifying his legacy in both political and traditional leadership.

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Agege LG Honours MKO Abiola with Modern Market Project

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By Anifowoshe Oladipupo

Agege Local Government in Lagos has begun the construction of a modern market complex named after late statesman and 1993 presidential election winner, Moshood Kashimawo Olawale Abiola.

The MKO Abiola Market is aimed at boosting commercial activity and providing hygienic, accessible stalls for local traders and small business owners.

At the groundbreaking ceremony, Executive Chairman Ganiyu Egunjobi described the project as a legacy initiative and a tribute to Abiola’s ideals of justice, equity, and economic empowerment.

He noted that the project, delivered through a Public-Private Partnership with Urban Shelter and Truworth Ventures, would create jobs, support businesses, and enhance the visual appeal of Agege.

Egunjobi also listed key achievements of his administration, including the construction of new classroom blocks, the establishment of Nigeria’s first CBT centre by a local government, improved healthcare services, free ambulance operations, and monthly financial aid to over 8,000 traders and artisans.

He assured residents of continuity in development efforts, with upcoming projects like a luxury estate and road rehabilitation already underway.

The MKO Abiola Market, he said, is a lasting symbol of progress and a call for residents to preserve it for future generations.

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