2026 Budget Scandal: House of Reps Launches Probe Into N1.3 Billion Allocated to “Fictitious” Government Agency

The House of Representatives has set up an ad-hoc committee to urgently investigate how a non-existent federal agency—the Presidential Foreign Investment Promotion Council (PFIPC)—was allocated over ₦1.3 billion in the 2026 Appropriation Framework. Sparked by a motion from Rep. Yusuf Gagdi, lawmakers expressed shock over the severe lack of oversight in the budget preparation process. […]

IMF Economic Outlook 2026: Why Rising Prices Threaten to Worsen Poverty in Nigeria Despite 4.1% Growth Forecast

The International Monetary Fund (IMF) has released its July 2026 World Economic Outlook Update, maintaining Nigeria’s economic growth forecast at 4.1% for 2026 and projecting 4.3% for 2027. However, the report delivers a stark warning: skyrocketing prices for basic necessities, food, and energy risk completely wiping out the gains of recent macroeconomic reforms. With global […]

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