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2022 Budget: FG Allocates ₦100 Billion For 2023 Elections; Seeks Loans To Fund Deficit

2022 Budget

In readiness for the 2023 general elections in the country, the Federal Government has earmarked the sum of N100 billion in the 2022 budget to cater for the nationwide exercise. This was revealed as President Muhammadu Buhari prepares to present the 2022 Appropriation Bill before a joint session of the National Assembly tomorrow, Thursday, October 7, 2021.

In some reports from the House of Representatives where the revised 2022-2024 Medium Term Expenditure Framework (MTEF) was submitted for approval, the budget for the 2022 fiscal year was reviewed upwards from N13.98 trillion to N16.45 trillion – indicating an additional N2.47 trillion.

The Green Chamber, it should be recalled, had already approved the initial MTEF which had an expenditure sum of N13.98 trillion for the 2022 fiscal year. However, following a letter from Mr President to the Speaker of the House, Femi Gbajabiamila, a fresh approval was needed.

In the letter dated Saturday, October 2, 2021, the president explained the reason for seeking a fresh approval as there had been an upward review of the MTEF to reflect the new fiscal terms in the Petroleum Industry Act (PIA) 2021, as well as other critical expenditures in the 2022 Budget.

2022 Budget

To put it in perspective, the MTEF is an annual, rolling three-year-expenditure planning that sets out the medium-term expenditure priorities and hard budget constraints against which sector plans can be developed and refined. It also contains outcome criteria for the purpose of performance monitoring.

Also, the federal government, through the Minister of Finance, Budget, and National Planning, Mrs. Zainab Ahmed, has revealed that the budget deficit in the proposed 2022 Appropriation Bill will be financed through loans. She indicated this at the end of the weekly virtual Federal Executive Council (FEC) meeting earlier today while interacting with newsmen.

Mrs. Ahmed said while the FEC had approved the proposed 2022 Budget of N16.39 trillion, part of the budget will be funded through local and eternal loans as most of the administration’s legacy projects captured in the budget can not be achieved with just proceeds from exports and Internally Generated Revenues (IGRs).

She said:

“If we just depend on the revenues that we get, even though our revenues have increased, the operational expenditure of government, including salaries and other overheads, is barely covered or swallowed up by the revenue.

“So, we need to borrow to be able to build these projects that will ensure that we’re able to develop on a sustainable basis. Nigeria’s borrowing has been of great concern and has elicited a lot of discussions, but if you look at the total size of the borrowing, it is still within healthy and sustainable limits. As of July 2021, the total borrowing is 23% of GDP.”

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Bayelsa Governor Diri joins APC, Calls The PDP A ‘sinking ship’

Bayelsa State Governor, Douye Diri, on Monday formally dumped the Peoples Democratic Party for the ruling All Progressives Congress, describing his former party as a “sinking ship.”

Vice President Kashim Shettima led a high-powered APC delegation to Yenagoa to receive the governor into the party at a colourful ceremony held at the Samson Siasia Sports Stadium.

Also present were Senate President Godswill Akpabio and governors Dapo Abiodun (Ogun), Lucky Aiyedatiwa (Ondo), Sheriff Oborevwori (Delta), Hope Uzodimma (Imo), and Umo Eno (Akwa Ibom).

Diri’s defection, coming ahead of the 2027 general elections, makes him the fourth PDP governor to join the APC this year, following similar moves by Oborevwori, Eno, and Enugu’s Peter Mbah.

The governor had earlier announced his resignation from the PDP on October 15 during a meeting with his cabinet, citing what he called “obvious reasons.”

Speaking at the event, Diri said he took the decision to save Bayelsa from sharing in the fate of what he described as a dying opposition party.

“We tried all we could to save the PDP, but to no avail. Undertakers were very busy to bury the party,” he said.

“After seeing that the undertakers wanted to bury the PDP, I never wanted my state to be buried alongside it. So after consultations with our leaders, it was incumbent on me as governor to make a decision.”

Diri declared that his defection represented more than a personal political move, calling it a wider “Ijaw realignment.”

“This defection is not a Bayelsa defection. It is the Ijaw nation defecting to the APC,” he stated.

The governor referenced his long history as an Ijaw activist, recalling that the demand for a coastal highway linking Lagos and Calabar had been a major agitation of the Ijaw National Congress since the military era.

“Even during the military regime, we requested a coastal road from Lagos to Calabar,” he said, displaying an old memorandum sent to the then Head of State, Gen. Abdulsalami Abubakar.

“Today, President Bola Tinubu has acted on that demand. He has shown that he loves the Ijaw and Bayelsa people. If we have a President who understands our needs, I have no reason to remain on a sinking ship.”

Diri explained that he had been under pressure from his South-South colleagues to join the ruling party after becoming the only PDP governor left in the region.

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Entertainment

The Cavemen Drop New Album – Cavy In The City

The Cavemen’s new album Cavy in the City dropped on 31 October, and it feels like a confident return to form for the duo: Kingsley Okorie on bass and Benjamin James on drums. Known for reimagining traditional highlife with live instrumentation and rich nostalgia, the brothers once again build on what they’ve always done best.

The project opens with a warm homage to the legends: Rex Lawson, Celestine Ukwu, Osita Osadebe, and Oliver De Coque, instantly grounding it in the music’s roots. Sonically and visually, the record leans into that vintage spirit. Even the cover art, like Show Dem Camp’s Afrika Magic, nods to old Nigerian poster design with its bold, grainy, and proudly analogue look.

Compared to their last album, Love and Highlife (2024), which experimented more with contemporary sounds and collaborations, this one feels closer in spirit to their debut Roots, which is familiar and more faithful to the traditional highlife rhythms that first made fans fall in love.

Their latest album, Cavy in the City, arrives as a confident extension of what they’ve always done best: traditional highlife music reimagined through live instrumentation, arranged sounds, and nostalgia.

The Cavemen are students of sound. Their live-band approach gives the album a steady rhythm, powered by drums, deep basslines, and proper jazz-style. Here, they lean even deeper into highlife, less genre-blending, more focus. The songs blend into each other in a way that’s good enough, although there’s still a little sonic interruption here and there. Those interruptions are enough to distinguish certain tracks.

Production-wise, Cavy in the City is good. The mixing isn’t glossy or overdone; it’s a sort of warm music that fits a Sunday afternoon gathering more than a club night. The Cavemen aren’t trying to modernise highlife, either. They’re preserving it while giving it motion.

Despite the album title, Cavy in the City doesn’t build a clear concept around urban life or transition. Instead, it feels like a loose collection of moments and moods. The interludes do a lot of the heavy lifting, keeping the flow from track to track.

The standout collaborations work smoothly within that flow. Angelique Kidjo on Keep on Moving adds her signature sound, while Pa Salieu brings structure to Gatekeepers. Neither feature disrupts The Cavemen’s sound; they simply expand it.

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US President Donald Trump threatens Nigeria on Saturday with possible military action for the alleged “killing of Christians.”

“If the Nigerian Government continues to allow the killing of Christians, the U.S.A. will immediately stop all aid and assistance to Nigeria, and may very well go into that now disgraced country, ‘guns-a-blazing,'” Trump wrote on his Truth Social platform.

The threat came one day after he claimed that Christianity is facing an “existential threat” in Nigeria and accused “radical Islamists” of being responsible for “mass slaughter.”

“I am hereby instructing our Department of War to prepare for possible action. If we attack, it will be fast, vicious, and sweet, just like the terrorist thugs attack our CHERISHED Christians!” said Trump.

He warned the Nigerian government to “move fast.”

The US military “may very well go into that now disgraced country, ‘guns-a-blazing,’ to completely wipe out the Islamic Terrorists who are committing these horrible atrocities”, Trump added.

“I am hereby instructing our Department of War to prepare for possible action. If we attack, it will be fast, vicious, and sweet, just like the terrorist thugs attack our CHERISHED Christians!”

US defence secretary Pete Hegseth responded: “Yes sir … The Department of War is preparing for action. Either the Nigerian Government protects Christians, or we will kill the Islamic Terrorists who are committing these horrible atrocities.”

Islamist extremism in Nigeria shot to international attention more than a decade ago when in 2014 militants from Boko Haram, which violently opposes Western education, kidnapped 276 mostly Christian schoolgirls from the town of Chibok.

But in recent months, senior figures within Trump’s MAGA coalition have seized on ongoing attacks against Christians by Islamist insurgents, with some claiming the targeted killings constitute a “genocide”.

Texas senator Ted Cruz, a Trump ally, claimed last month that the Nigerian government might be complicit in the violence, a suggestion it has categorically denied.

“Officials in Nigeria are ignoring and even facilitating the mass murder of Christians by Islamist jihadists,” Cruz said.

Trump on Friday claimed that Christianity was facing an “existential threat in Nigeria”, blaming “radical Islamists” for the attacks. He designated the West African state as a “country of particular concern” — a step that can precede the imposition of sanctions against a specific nation.

Trump first designated Nigeria as a country of particular concern towards the end of his first term in 2020, but the decision was reversed by the Biden administration the following year.

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