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The Federal Government has delivered 116 completed housing units to the Benue State Government under the National Housing Programme, marking another step in efforts to address Nigeria's housing deficit. The housing estate, which will be allocated through homeownership and rent-to-own arrangements, reflects growing collaboration between federal and state authorities to improve access to affordable housing for civil servants and low-income households.
FG Delivers 116 National Housing Units to Benue to Expand Affordable Housing
The Federal Government has officially handed over 116 completed housing units under the National Housing Programme to the Benue State Government, marking another milestone in efforts to expand access to affordable housing and strengthen collaboration with sub-national governments. The housing estate, acquired by the Benue State Government, will primarily serve civil servants and low-income earners through affordable homeownership initiatives, including a rent-to-own scheme.
Why Flooding Is Worsening in Kunsela, Ologolo, Gbagada and Other Parts of Lagos
Recurring floods in Kunsela, Ologolo, Gbagada and several other parts of Lagos have renewed concerns about the city's ability to cope with increasingly intense rainfall and rapid urban growth. While heavy downpours continue to trigger flash flooding across the state, urban planning experts, environmental specialists and government officials say the underlying causes extend far beyond seasonal weather patterns.
Nigeria Rejects Reports of ₦8 Trillion Spending Outside 2026 Budget Framework
The Federal Government has dismissed allegations that it spent more than ₦8 trillion outside the 2026 approved budget, describing the claims as inaccurate and based on a misinterpretation of the International Monetary Fund (IMF) 2026 Article IV Consultation Report. The government maintains that all federal expenditure is undertaken within Nigeria's constitutional and statutory framework and that no "shadow budget" exists.
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Dangote Refinery Imports 40.4 Million Barrels of Crude in Two Months
Dangote Petroleum Refinery imported 40.40 million barrels of crude oil between May and June 2026, spending an estimated $4.48 billion on feedstock as it continued to scale up operations and strengthen its position as Africa's largest refinery. The imports reflect the company's strategy of diversifying crude supply sources while supporting higher refining output to meet domestic and regional demand for petroleum products.
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OPEC+ Approves Third Consecutive 188,000 bpd Output Increase
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) has approved another 188,000 barrels per day (bpd) increase in oil production quotas for August, continuing its gradual strategy to restore crude supplies to the global market. The decision was reached during a virtual meeting of seven participating member countries, including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman.
Alleged ₦8.8 Trillion Unreported Spending Dominates Public Debate After IMF Disclosure
Public debate over Nigeria's fiscal transparency has intensified after the International Monetary Fund (IMF) disclosed that government expenditure equivalent to approximately 2% of the country's Gross Domestic Product (GDP) was not fully reflected in recent official budget reporting. Based on Nigeria's estimated GDP, the amount has been widely estimated at about ₦8.8 trillion, triggering widespread reactions from politicians, policy analysts and members of the public.
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