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Allison-Madueke, Petroleum Minister Blows N13Bn on Chartered Plane

Deziani Allison-Madueke, minister of Petroleum Resources, is to appear before the House of Representatives Committee on Public Account to explain the source of alleged N3.120 billion used to pay for charter of aircraft within two years.
Samuel Adejare (APC Lagos), a member, levelled the allegation against the minister in a motion at plenary on Thursday.
The minister was also said to have spent another N10 billion for maintenance of an aircraft, a Challenger 850 Aircraft and its crew in the last two years.
Adejare, who represents Agege Federal Constituency, Lagos, made the allegations in his motion entitled, ‘Urgent Need to Investigate the Waste of Resources on the Arbitrary Charter and Maintenance of a Challenger 850 Aircraft for Non-official Use’.
In his lead debate on the motion, Adejare said it was wrong for the minister to have spent such money on frivolities at a time the resources of the country were dwindling and government complaining of lean purse.
“In these days of scarce national resources where public finance is shrinking in the face of ever increasing national needs such as roads, health, education and power, among others an official of government could waste public funds on such luxury as chartering a Challenger 850 Aircraft for extra official use.
“In recent times, most states of the federation have been facing acute shortage of allocations due to the dwindling national revenue which has reduced the quality of governance and deprived the people of dividends of democracy,” he complained.
Insisting that the allegation against the minister was not a cooked up one, the lawmaker said his submission on the issue “is based on reliable evidence”.
“The Hon. Minister of Petroleum Resources, Mrs Diezani Allison-Madueke, has been committing the sum of 500,000 Euros (N130 million) monthly to maintain the aircraft, thus in two years, the Minister had committed at least N3.120 billion in maintaining the private jet which is used solely for her personal needs and those of her immediate family, which is an appalling act” he added.
Adejare also explained that “there are strong indications that the above expenditure is only a tip of the iceberg as several other billions of naira have been allegedly wasted on flying the jet all over the world obviously for the leisure of the Hon. Minister and her immediate family on trips that were of no benefit to the country.
“This colossal waste is currently estimated at N10 billion, which include the payment of allowances to the crew for the trips, hanger parking and rent based on the lease agreement.
“If government could be bankrolling this waste in the face of ever dwindling public resources, it amounts to a misplacement of priority, impudence and breach of public trust, an action that offends the Fiscal Responsibility Act and all other laws on fiscal discipline in Nigeria.”
Adejare explained that an investigation into the matter revealed that the minister was financing the lease of the aircraft with public funds.
At this stage, a member of the parliament, Friday Itulah (PDP, Edo), rose to oppose the motion, but the Speaker, Aminu Tambuwal, who presided quickly intervened, asking Itulah to stay action until he calls for a debate to oppose the motion.
Itulah, however, explained that the House rule does not create room for motions of this nature to be debated, adding that “we will put it to a voice vote and refer it to the relevant committee for further legislative action”.
When it was put to voice vote, it was unanimously supported by members, and the Speaker ruled that the House Committee on Public Account take charge of the probe and report back to the House within two weeks.
Also on Thursday, the House directed a probe into alleged non-remittance of funds accruing from the Nigerian Liquefied Natural Gas (NLNG) to the Federation Account from 2004 till date.
The decision to institute probe was a fallout of a motion raised under Matters of Urgent National Importance by Aminu Suleimaan (Kano, APC) at plenary.
In his lead debate, Suleiman drew attention of the House to Section 162(1) of the 1999 Constitution as amended which makes it mandatory for all revenue collected by the government of the federation to be remitted into the Federation Account.
Suleiman said according to the provisions of Section 162 sub section 10 of the Constitution, revenue means any income or return accruing to or derived by the government of the federation from any source and includes any receipt.
The lawmaker said the NLNG Bonny, in flagrant disobedience and breach of the Constitution has not remitted funds accruing to it to the Federation Account from 2004 till date.
He said the non-remittance of funds accruing to NLNG Bonny from 2004 till date has adversely affected the Federation Account to the detriment of federal, states and local governments.
“The unpatriotic actions of those in charge of the NLNG Bonny from 2004 till date has resulted in loss of huge revenue that ought to be shared to all tiers of the government from the Federation Account for both recurrent and capital development.
“The non-remittance of funds that accrued to NLNG Bonny to the Federation Account from 2004 till date has badly affected all critical sectors of the Nigerian economy and constitute an economic crime,” he said.
Adopting the motion, the House directed its Committee on Gas to “investigate the non-remittance of funds accruing from NLNG Bonny to the Federation Account from 2004 till date and make appropriate recommendations and report back to the House within three weeks”.
News
New Horizons Invests N50m to Empower Almajiris with Skills

New Horizons Nigeria has launched a N50 million initiative aimed at transforming 21 Almajiri children into skilled computer technicians within 90 days, to tackle youth unemployment and harness human potential.

The Almajiri-to-Tech programme, officially launched in Abuja on Monday, provides participants with full training, meals, clothing, tools, and logistics support, all fully funded.
Speaking at the launch, the Chief Executive Officer of New Horizons, Tim Akano, said the programme represents a new journey in the history of Nigeria by restoring the original purpose of the Almajiri system, which he described as “children sent out to seek knowledge.”
“The word Almajiri comes from an Arabic term meaning emigrant and seeker of knowledge. Historically, children were sent to learn morals, responsibility, and skills to add value to society,” Akano said.
He added that the disruption of this system during colonial times forced many children onto the streets, a challenge that persists today.
Akano highlighted the urgency of addressing the Almajiri issue, noting that there are an estimated 15 million Almajiris in the country, with a population growth rate of around three per cent annually.
“If we do not solve this problem as a country, we are sitting on a time bomb,” he warned.
According to him, the programme focuses on hands-on technical skills rather than theory. Trainees will learn to repair mobile phones, laptops, televisions, radios, standing fans, and other electronic devices, as well as build inverter batteries using recycled electronic waste.
“We are not teaching theory. We are teaching practical skills you can use to earn a living,” Akano said, stressing that the programme will not interfere with the participants’ Quranic education.
“We are still going to allow you, within the period of learning. Your learning computer here is not stopping your Quranic education.
“You still have time within our space here. Whenever you want to go and pray, you can pray, then come back to class,” the CEO stressed.
He added that participants will also receive daily meals, water, T-shirts identifying them as technicians-in-training, and access to all necessary tools and equipment throughout the 90-day programme.
Akano said the initiative is part of a larger mission by New Horizons Nigeria, which has spent the past 21 years training about 100,000 Nigerians annually in IT and related skills.
He said the new programme aims to “take human genius off the streets and convert it into human capital, enabling these youths to contribute meaningfully to the economy.”
He added that equipping Almajiris with skills could add 15 million people to Nigeria’s workforce and potentially increase the country’s GDP by as much as $20 billion, stressing that productivity depends on practical skills and opportunity.
“Everything that can be taught can be learned. If someone can memorize the Quran cover to cover, there is nothing that cannot be done. What they lack is information, opportunity, and infrastructure, and we are providing all of that,” Akano said.
Akano also stressed that the initiative is designed to inspire other organizations and government agencies to replicate similar programmes across the country.
“This is not just about 21 children; it is about showing Nigeria what is possible when resources meet intention and planning.
“If we succeed in empowering these Almajiris, we demonstrate that the country can turn social challenges into economic opportunities. It’s a blueprint for Nigeria’s future,” he said, noting that the initiative combines social reform, technical education, and economic empowerment.
Also speaking, one of the trainees, Fatima Umar, appreciated the organisers and promised to maximise the opportunity.
“We’ll make you proud of us. We have nothing to say here but to thank and appreciate you. May Almighty Allah continue to guide and protect you,” Umar said.
News
IMF Upgrades Nigeria’s 2026 Growth Projection to 4.4%

International Monetary Fund has upgraded Nigeria’s 2026 economic growth projection to 4.4 per cent, reflecting improved macroeconomic stability and sustained reforms.

IMF
The January 2026 World Economic Outlook Update forecasts Nigeria’s growth trajectory at 4.1 per cent in 2024, 4.2 per cent in 2025, and 4.4 per cent in 2026—a 0.2 percentage point increase from the October 2025 estimate.
This aligns with sub-Saharan Africa’s projected 4.6 per cent expansion in 2026 and 2027, driven by regional stabilisation efforts.
Globally, the IMF anticipates 3.3 per cent growth amid resilient conditions tempered by trade policy shifts and technology investments. For Nigeria, declining energy prices—expected to fall seven per cent due to weak demand—pose risks, though OPEC+ coordination and China’s stockpiling provide support.
Despite the optimism, downside risks persist from Middle East and Ukraine tensions, protectionism, high debt, and fiscal deficits. The Fund recommends rebuilding fiscal buffers, ensuring central bank independence, and limiting temporary fiscal measures to maintain stability.
Nigeria’s success hinges on consistent reforms and resilience against domestic and global shocks, the IMF concluded.
News
Nigeria’s Crude Output Falls to 1.486mbpd in November – OPEC

Organisation of Petroleum Exporting Countries (OPEC) reports that Nigeria’s crude oil production, excluding condensate, dropped by 0.7 per cent to 1.486 million barrels per day (mbpd) in November 2025 from 1.496 mbpd in October.

OPEC
The figure, drawn from secondary sources in OPEC’s December 2025 Monthly Oil Market Report, fell short of Nigeria’s 1.5 mbpd quota. Direct communication data showed output at 1.436 mbpd, up from October’s 1.401 mbpd, but still below target.
Nigeria produces around 196,028 bpd of condensate, excluded from quota calculations per Nigerian Upstream Petroleum Regulatory Commission figures. Year-on-year, November’s output marked a slight gain over 1.417 mbpd in November 2024.
Expert Cites Insecurity, Governance Gaps
Petroleum economics expert Wumi Iledare described the quota miss as unsurprising, blaming persistent insecurity, an ageing oil basin lacking new finds, and unoffered hydrocarbon blocks. Governance shortcomings and policy uncertainty further erode investor confidence, he noted.
Selective implementation of the Petroleum Industry Act worsens the situation, with Nigeria needing a single authoritative leader for the sector rather than multiple proxies, Mr Iledare stressed. The country has struggled to consistently hit OPEC targets for years.
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