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Senate Says FG Idle, Bemoans Abandoned Projects

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The Senate has returned a damning indictment on the Presidency which it accused of underperformance and policy somersaults as well as failure to use national budgets to impact positively on Nigerians.

The upper legislative house also took a swipe on the Presidency over the over planning and implementation of national budgets which has resulted in many abandoned projects.

David Mark, Senate President  criticised the Federal Government for abandoning projects and maintaining inconsistent economic policies, which he said are not in the best interest of the nation

He spoke during the debate of a motion sponsored by Senator Olubunmi Adetunmbi (ACN, Ekiti North and 46 others calling for a review of the national planning and budgeting process.

Mark said: “Over the years, our budgets have not brought growth, have not improved the employment rate and have not brought dividends of democracy to Nigerians, as fast as expected. There is basically a problem with the envelope system, and that must change.

“Our committees would take full responsibility if they’re unable to effect changes in the next budget because if things are alright on paper and practically on ground things are not alright, we need to review the way we go about things.

“Some people have failed in their responsibilities; while others who have become powerful have hijacked other people’s work. If you go through the National Planning Commission Act, the objectives and functions of the commission, the system has not worked because those operating it are simply resistant to changes. They don’t want to change the system because changing it means they’ll lose the authority they’ve arrogated to themselves.”

Senate Leader Victor Ndoma-Egba slammed the executive for allegedly side-lining the legislature in budget planning and process. He said this has made it possible for the government to grossly under-develop the country.

“Those who see the budget proposal presented to the National Assembly as a scripture, to which no amendment can be allowed, should now know that they’re in error. If the ultimate responsibility for budget planning and the appropriation power resides with the National Assembly, it is only logical that the legislature should be part of the process that leads to that annual budgetary process,” the Senate leader said.

“But now, there is a disconnect between the body that has the ultimate responsibility for appropriation and the body that does the planning. That is why we’re in a situation where national plans that should deliver development, employment are rather delivering uncompleted projects, unemployment and poverty,” he added.

Ndoma-Egba, who condemned the envelope system of budgeting, said: “I’ve tried to rationalise the logic behind the envelope system and I must confess that the more I think about it, the more confused I get. It’s like building a house and putting the rafters around April and you’re hurrying to roof before the rain sets in.

“The Ministry of Finance brings an envelope that tells you that out of the four rooms in the house, the envelope can only deliver the roofing of one room so that if you roof one roof, the rain comes to destroy the other three rooms. The next year, you’re back to square one where you’ve a house without the roof. The envelope system has no meaning and we must take a second look at it.”

“This is an opportunity for us to look at the ratio between recurrent and capital expenditures. It’s the capital expenditure that delivers development. In a situation where over 70 percent of our national budget is dedicated to the recurrent expenditure, we can only deliver poverty, not development. The time has come for us to take a surgical view of our planning and budgeting process”.

Deputy Senate Leader Abdul Ningi (PDP, Bauchi Central) described the powers given to the finance minister over budget as too excessive, saying “we’ve never had the opportunity to listen to ministers of National Planning on budget matters. We’ve always been overwhelmed by the powers of finance ministers over the years. The finance minister cannot continue to plan and execute budget. The planning should be done by the National Planning Minister. We need to have a budget office of the National Assembly to analyse national budgets.”

Senator Bernabas Gemade (PDP, Benue) chairman of the Senate Committee on National Planning, bemoaned what he called lack of national infrastructural plan, Senator Adamu Gumba (PDP, Bauchi) suggested that the budget office of the federation be moved to the National Planning Commission to ensure budget discipline. He said arbitrary budget process must stop.


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Microsoft Revamps Copilot in Workplace AI Push

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Microsoft has rolled out a new set of features for its Microsoft 365 Copilot platform, including tools for complex, multi-step work and deeper research tasks, as competition in workplace artificial intelligence (AI) intensifies.

The update introduces Copilot Cowork, a capability aimed at handling long-running tasks across Microsoft 365 applications.

The feature is being made available through the company’s Frontier programme, which typically gives early access to experimental tools.

Microsoft is also integrating technology linked to Claude – an AI model developed by Anthropic –into Copilot, signalling a broader shift toward using multiple AI systems within a single product rather than relying on a single model.

Jared Spataro, chief marketing officer for AI at Work at Microsoft, says the company is positioning Copilot as a system embedded directly into workplace software, rather than a standalone tool.

“Microsoft 365 Copilot is your AI for work,” he says, adding that it draws on multiple AI models and is integrated into existing workflows.

Alongside this, Microsoft has upgraded its Researcher feature, which is designed to analyse information from multiple sources and generate structured reports.

A new “Critique” function separates the drafting and review process between different AI models – one generates an initial response, while another evaluates and refines it.

The company says this approach improves output quality, with Researcher showing gains on its internal benchmark for accuracy, completeness and objectivity.

Another addition, called Model Council, allows users to compare outputs from different AI models side-by-side, highlighting differences in responses and reasoning.

The updates form part of what Microsoft calls “Wave 3” of Copilot, as it pushes to embed generative AI deeper into enterprise software. The move reflects a wider industry trend towards combining models from multiple providers, including OpenAI and Anthropic, to improve performance and reliability.

 


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Dangote Refinery Debunks Speculations on IPO

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Dangote Petroleum Refinery and Petrochemicals (DPRP) has debunked recent circulation of unauthorised information regarding a potential Initial Public Offering (IPO).

Dangote Refinery Debunks Speculations on IPO

In a statement, DPRP noted that several online platforms and unofficial sources have published unverified, and in some instances inaccurate, information relating to a potential offering.

“Such reports do not originate from DPRP and should be treated with caution. All official updates regarding any potential transaction will be communicated strictly through DPRP’s formal public disclosures and announcements issued by its appointed advisers, in line with applicable laws and regulatory requirements.

“Accordingly, the public, investors, and all market participants are strongly advised to disregard speculative commentary and rely solely on verified information formally issued by DPRP or its authorised representatives,” the statement said.

The firm assured stakeholders that, when appropriate, comprehensive, and accurate details regarding any proposed transaction will be made available through official channels, including regulatory filings, authorised press releases, and coordinated communications by the Enterprise and its appointed advisers.


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Descasio Launches “Give to Gain” Leadership Insights Report, Hosts Executive Brunch for Women in Leadership

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In celebration of International Women’s Day, Descasio hosted an intimate executive brunch bringing together distinguished women leaders from its customer community for a thoughtful conversation on leadership, partnership, and shared growth.

Centered around the 2026 International Women’s Day theme, “Give to Gain,” the gathering created space for accomplished women in enterprise leadership to reflect on mentorship, collaboration, and investing in people as key drivers of sustainable growth.

Held in Lagos, the event convened leaders from organizations including Honeywell Group Limited, Finchglow Travels, NGCOM, and Eroton Exploration & Production Company.

Guests were personally welcomed at the start of the gathering by Mr. Dele Nedd, CEO of Descasio; who greeted each of the women leaders and expressed his appreciation for their presence before leaving the session to allow the women lead the conversation among themselves.

The gesture reflected Descasio’s leadership culture; one where women are not only recognized, but actively supported and empowered. It also underscored the company’s belief that meaningful progress in leadership requires partnership and allyship across the organization.

Rather than a traditional panel discussion, the brunch was designed as a candid and reflective exchange among peers navigating leadership in complex industries. Throughout the conversation, participants shared perspectives shaped by experience, responsibility, and the realities of leading teams and organizations.

A recurring theme in the discussion was the role of execution and accountability in leadership. For many organizations, strategy alone is not enough; consistent delivery is what ultimately builds credibility and trust.

Reflecting on this, Josephine Adebola, Data Compliance & Process Automation Manager at Finchglow Travels, emphasized the importance of reliability in leadership and the discipline required to translate vision into results. “Get it done on time and in full.

The conversation also explored the role of curiosity and continuous learning in shaping effective leaders. In rapidly evolving industries, the ability to ask questions, remain open to new perspectives, and keep learning is often what enables leaders to grow alongside their organizations.

Sharing her perspective, Tomi Otudeko, Chief Operating Officer at Honeywell Group Limited, reflected on how curiosity has shaped her leadership journey.

“Asking questions and continuously learning have always stood me in good stead as a leader.”

She also spoke about the importance of leading with empathy and understanding the people behind the roles within organizations.

“Everyone has multiple dimensions to who they are. Leadership has taught me to see people in their totality. That awareness doesn’t make a leader weak; it makes them more effective.”

Another important theme that emerged from the conversation was authenticity in leadership. In an environment where leaders often face pressure to conform to traditional expectations, remaining true to one’s identity while continuing to evolve is essential.

For Helen James-Eziashi, General Manager at NGCOM, authenticity and curiosity remain key guiding principles. “Be yourself, keep learning, and stay curious.”

The discussion also highlighted the role of self-awareness in sustaining leadership journeys, particularly in complex and high-responsibility environments. Understanding one’s values, motivations, and support systems often becomes the anchor that allows leaders to navigate uncertainty with confidence.

Reflecting on this, Ifeanyi Onyejekwe, IT Manager at Eroton, emphasized the importance of knowing what grounds a leader.

“Know who you are and understand what supports and sustains your leadership journey.”

According to Descasio, the event reflects its broader commitment to building strong partnerships and fostering meaningful leadership conversations across its enterprise customer community.

“For us, this was about more than marking International Women’s Day,” said Umama David-Ogebe, The HR Manager at Descasio. “It was about creating a space where leaders could learn from one another and reflect on the kind of leadership that builds strong organizations. The most meaningful partnerships grow from conversations like these.”

To extend the impact of the discussion, Descasio has published “The Give to Gain Leadership Report: Insights from Women Leading Enterprise Organizations,” a curated publication capturing key reflections and leadership lessons shared during the session.

The report highlights themes including:

  • The role of curiosity and continuous learning in leadership
    • Building stronger teams through empathy and accountability
    • The importance of authenticity and self-awareness in navigating leadership journeys
    • How investing in people drives stronger partnerships and resilient organizations

The Give to Gain Leadership Report is now available for download Here.


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