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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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CAF Vows To Take ‘stern action’ after chaotic AFCON final scenes

African football’s governing body CAF, said Monday “appropriate action” would be taken against “those found guilty” after chaotic scenes marred the final of the Africa Cup of Nations. CAF did not attribute blame to either Senegal or Morocco. On Sunday’s final, most of the Senegalese players walked off in protest when referee Jean-Jacques Ndala awarded hosts Morocco a penalty deep into time added on of normal time, with the match tied at 0-0.

A group of their fans fought with Moroccan security personnel at the other end of the stadium in Rabat. Once the players returned to the pitch, Senegal’s keeper Edouard Mendy saved the spot kick, and Senegal went on to win 1-0 in extra time.

“The Confederation Africaine de Football (CAF) condemns the unacceptable behaviour from some players and officials during the CAF Africa Cup of Nations Morocco 2025 Final between Morocco and Senegal in Rabat last night,” read their statement.

“CAF strongly condemns any inappropriate behaviour which occurs during matches, especially those targeting the refereeing team or match organizers.

“CAF is reviewing all footage and will refer the matter to competent bodies for appropriate action to be taken against those found guilty.”

The Senegal players eventually returned after former Liverpool star Sadio Mane, one of the few of his team to remain on the pitch, remonstrated with them to do so.

Morocco’s Brahim Diaz, who had originally won the penalty, then sent his spot kick into the arms of Senegal goalkeeper Edouard Mendy.

Senegal went on to win the final with a brilliant goal from Pape Gueye in extra time.

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Don’t Make Peace Deals with bandits – Defence Minister warns State Govts

The Minister of Defence, General Christopher Musa, rtd, has warned state governments to steer clear of any proposed peace deal with bandits.

Musa issued this warning in an interview with BBC Hausa, saying that the Federal Government has consistently advised all levels of government against negotiating with armed groups.

Describing such arrangements as dangerous, counter-productive, and a threat to national security, the minister stressed that bandits cannot be trusted to honour any agreement.

According to him, negotiations only embolden criminal networks, weaken military operations, and prolong insecurity.

“The Federal Government’s position is clear. There would be no negotiated settlements, no ransom payments, and no legitimisation of armed groups terrorising communities,” he said.

Musa called on governors to align with the federal security strategy, stating that sustained military pressure, intelligence-led operations, and community cooperation remain the only viable path to restoring peace.

The minister’s warning followed growing public outrage over reports of state-level peace initiatives and planned releases of suspected bandits, moves critics say undermine justice and demoralise security forces.

Musa, in the same vein, appealed to citizens to stop aiding bandits with food, money, or information, warning that such support fuels violence and delays national stability.

The Katsina State Government had allegedly initiated the process for the release of about 70 suspected and convicted bandits.

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Ex- Govs regroup against Otti in Abia

Ahead of the 2027 general election, there’s rising political tension in Abia State, with some opposition leaders in the State hell-bent on stopping Governor Alex Otti’s re-election.

The opposition figures, many of whom previously held power in the state, have threatened that Otti will not be reelected for a second term as governor in 2027.

These figures have also been holding political meetings and issuing public statements against Otti’s administration.
Two former Governors of Abia State, Senator Orji Uzor Kalu and Chief Theodore Ahamefule Orji, alongside other former political leaders, said they have allied to unseat Governor Otti in the 2027 general election.

According to them, they intend to win all elective positions in Abia for the All Progressives Congress, APC.

The duo met in Umuahia and resolved to forge a common front they christened, ‘The Team,’ a platform for their political battle against Otti and other anti-APC interests.

In addition, the group signalled that it will institute a legal action against Otti for allegedly running Abia from his Nvosi country home instead of the Government House, Umuahia.

Kalu described the assembly as a platform for experienced leaders who want to reclaim their relevance in the state’s political landscape.

The Abia North senator rejected narratives portraying previous governments as ineffective, insisting that their legacies live on.

The former Abia governor said, “Leadership is a relay. I handed over to Senator T.A. Orji, who handed over to Okezie Ikpeazu. No single individual can claim we achieved nothing. If we did nothing, where would our people be today?”

Otti hasn’t done better, he’s repainting roads – Kalu

While addressing journalists recently, Senator Kalu accused Governor Otti of not doing much with the allocation the state is getting from the federal government.

He claimed that the governor was only repainting roads he (Kalu) built during his time as the state governor.

Kalu said he won’t work for Ottis’ reelection in 2027 even though he delivered for Otti in the last gubernatorial election in 2023.

He said: “I consider the Governor as my friend. And two years, I’ve never criticized. I never said anything, and they shot the first salvo. I replied by telling them that I will work for APC to win.

“We worked for him to win 2023. We are not going to do that again. What is wrong with that? Is that why I should receive insults? It is not acceptable to me. I’m going to work for my party.

“If he has done better, I don’t know about that, because you can see that what I did in two years as a governor, the records are there for you to see. The money Otti receives in four months is what I received in eight years. That is the truth.

“He is just repainting and rebuilding the roads I built as a governor from 1999 to 2007. I’ve not seen any new major roads taking place.

“I’m in the Senate, and all the roads I’m doing in communities are brand new farmland roads.”

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