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Senator Ningi: Attack on freedom of expression, oppositions’ rights – CISLAC, TI

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2 years ago

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Civil Society Legislative Advocacy Centre, CISLAC, and Transparency International in Nigeria, TI-Nigeria, have declared the suspension of Senator Abdul Ningi by the leadership of the Senate as sheer attack on freedom of expression and opposition’s rights. In a statement signed by the Executive Director of CISLAC/TI-Nigeria, Auwal Rafsanjani, describing the circumstances surrounding Senator Ningi’s suspension pointed out that it was an undemocratic action and a questionable decision. Rafsanjani also pointed out that anything outside the provisions in the Declaration of Human Rights, 1948; Article 19 (2) of International Covenant on Civil and Political Rights, 1966, is tantamount to deliberate violation of human right and apparent disregard to the rule of law. He said “the Civil Society Legislative Advocacy Centre (CISLAC)/Transparency International in Nigeria (TI-Nigeria) is seriously perturbed by the undemocratic action and questionable decision by leadership of the Senate as shockingly demonstrated in the recent unfounded suspension of the Senator Abdul Ningi. 

“We are not unaware that the suspension was initiated against Senator Ningi for expressing his constitutionally guaranteed concerns and observations on 2024 budget at this critical moment when the nation is deeply soaked in socio-economic and financial crisis. The suspension is not unconnected with the public exposure of the N3trillion padded into the 2024 budget by the Upper Chamber, which has hitherto failed to display transparency and public accountability in its annual budgetary allocation and spending. This includes the inequality and disproportionate marginalisation surrounding the distributions of the N3trillion, where each Senator is expected to receive N500million as Constituency Allowance. We recognise and affirm that freedom of expression and opinion remains sacrosanct to preserve the democratic culture, values and principles in Nigeria. We without hesitation, uphold our position that freedom of opinion and expression is a constitutional and legally-backed right under Section 39 of the 1999 Constitution of Federal Republic of Nigeria; Article 19 of the Universal Declaration of Human Rights, 1948; Article 19 (2) of International Covenant on Civil and Political Rights, 1966; hence, the sanity and sanctity of these provisions must be strictly adhered, demonstrated and protected by a civic institution such as National Assembly. Anything outside these provisions is tantamount to deliberate violation of human right and apparent disregard to the rule of law. 

“We must reiterate that the 1999 Constitution of the Federal Republic of Nigeria as a supreme law of the country gives zero provision or power to the Senate to suspend a Member of the National Assembly. Such provisions are only found in the Ethics and Privileges Committee laws, which is answerable to the plenary through the Senate President. On this note, the Committee laws cannot override the Constitution, most especially in a matter of freedom of expression which is a fundamental right.”    He also added that, “Just as every member of the National Assembly representing his/her constituency has the primary mandates and responsibilities to absorb communal observations and offer feedback to the people for public accountability, expressing such in form of opinion must not be interfered, intimidated or suppressed in anyway or form.  “The repressive action by leadership of the senate would clearly project the legislative arm as autocratic, which to a large extent would negatively impact legislators’ independence, robust debate, genuine submissions, and image of the legislature before Nigerians and rest of the world. 

“Unjust suspension of a Senator who represents an entire Senatorial district is similar to public demonstration of unguarded culture of silencing,insensitivity, disrespect and marginalisation of the people.    We strongly maintain that intimidating or silencing opinion of the dissents or oppositions is unhealthy in any civilised democracy and must not be tolerated as a culture in Nigeria. Despite the multiple number of opposition parties in the National Assembly, they appear to be conquered by power of the executive as well as the principal officers in the legislature.”   However, he called on the Senate not to silence opposition in the National Assembly, and warned that such action will lead to dictatorship and oppression, therefore, should not be allowed to exist in any form.

“We therefore, call on the Senate to as a matter of urgency shun silencing opposition views in the legislature; as the essence of the legislature is to allow for freedom of expression and contrary opinions as well as provide a democratic platform for constructive debates that enhance national interest.  The greatest danger is that legislators can no longer be allowed to perform their duties including oversight and opposing views on the executive and principal officers in the senate which will tantamount democratic dictatorships. We call on all well-meaning Nigerians and the media to protect and reject any undemocratic action or decision by the National Assembly targeted at impeding public accountability and shrinking civic space”, he added. 

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Economy

Nigeria champions African-Arab trade to boost agribusiness, industrial growth

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December 5, 2025

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The Arab Africa Trade Bridges (AATB) Program and the Federal Republic of Nigeria formalized a partnership with the signing of the AATB Membership Agreement, officially welcoming Nigeria as the Program’s newest member country. The signing ceremony took place in Abuja on the sidelines of the 5th AATB Board of Governors Meeting, hosted by the Federal Government of Nigeria.

The Membership Agreement was signed by Eng. Adeeb Y. Al Aama, the CEO of the International Islamic Trade Finance Corporation (ITFC) and AATB Program Secretary General, and H.E. Mr. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, Federal Republic of Nigeria. The Agreement will provide a strategic and operational framework to support Nigeria’s efforts in trade competitiveness, promote export diversification, strengthen priority value chains, and advance capacity-building efforts in line with national development priorities. Areas of collaboration will include trade promotion, agribusiness modernization, SME development, businessmen missions, trade facilitation, logistics efficiency, and digital trade readiness.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, called for deeper trade collaboration between African and Arab nations, stressing the importance of value-added Agribusiness and industrial partnerships for regional growth. Speaking in Abuja at the Agribusiness Matchmaking Forum ahead of the AATB Board of Governors Meeting, the Minister said the shifting global economy makes it essential for African and Arab nations to rely more on regional cooperation, investment and shared markets.

He highlighted projections showing Arab-Africa trade could grow by more than US$37 billion in the next three years and urged partners to prioritize value addition rather than raw commodity exports. He noted that Nigeria’s growing industrial base and upcoming National Single Window reforms will support efficiency, investment and private-sector expansion.

“This is a moment to turn opportunity into action”, he said. “By working together, we can build stronger value chains, create jobs and support prosperity across our regions”, Edun emphasized. “As African and Arab nations embark on this journey of deeper trade collaboration, the potential for growth and development is vast. With a shared vision and commitment to value-added partnerships, we can unlock new opportunities, drive economic growth, and create a brighter future for our people.”

Speaking during the event, Eng. Adeeb Y. Al Aama, Chief Executive Officer of ITFC and Secretary General of the AATB Program, stated: “We are pleased to welcome Nigeria to be part of the AATB Program. Nigeria stands as one of Africa’s most dynamic and resilient economies in Africa, with a rapidly expanding private sector and strong potential across agribusiness, energy, manufacturing, and digital industries. Through this Membership Agreement, we look forward to collaborating closely with Nigerian institutions to strengthen value chains, expand regional market access, enhance trade finance and investment opportunities, and support the country’s development priorities.”

The signing of this Agreement underscores AATB’s continued engagement with African countries and its evolving portfolio of programs supporting trade and investment. In recent years, AATB has worked on initiatives across agribusiness, textiles, logistics, digital trade, export readiness under the AfCFTA framework, and other regional initiatives such as the Common African Agro-Parks (CAAPs) Programme.

With Nigeria’s accession, the AATB Program extends it’s presence in the region and adds a key partner working toward advancing trade-led development and fostering inclusive economic growth.

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Economy

FEC approves 2026–2028 MTEF, projects N34.33trn revenue 

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2 days ago

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December 4, 2025

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Federal Executive Council (FEC) has approved the 2026–2028 Medium-Term Expenditure Framework (MTEF), a key fiscal document that outlines Nigeria’s revenue expectations, macroeconomic assumptions, and spending priorities for the next three years. The approval followed Wednesday’s FEC meeting presided over by President Bola Tinubu at the State House, Abuja. The Minister of Budget and Economic Planning, Senator Atiku Bagudu made this known after the meeting.

The Minister said the Federal Government is projecting a total revenue inflow of N34.33 trillion in 2026, including N4.98 trillion expected from government-owned enterprises. Bagudu said that the projected revenue is N6.55 trillion lower than earlier estimates, adding that federal allocations are expected to drop by about N9.4 trillion, representing a 16% decline compared to the 2025 budget.

He said that statutory transfers are expected to amount to about N3 trillion within the same fiscal year. On macroeconomic assumptions, FEC adopted an oil production benchmark of 2.6 million barrels per day (mbpd) for 2026, although a more conservative 1.8 mbpd will be used for budgeting purposes. An oil price benchmark of $64 per barrel and an exchange rate of N1,512 per dollar were also approved.

Bagudu said the exchange rate assumption reflects projections tied to economic and political developments ahead of the 2027 general elections. He said the exchange rate assumption took into account the fiscal outlook ahead of the 2027 general elections.

The minister said that all the parameters were based on macroeconomic analysis by the Budget Office and other relevant agencies. Bagudu said FEC also reviewed comments from cabinet members before approving the Medium-Term Fiscal Expenditure Ceiling (MFTEC), which sets expenditure limits. Earlier, the Senate approved the external borrowing plan of $21.5 billion presented by President Tinubu for consideration The loans, according to the Senate, were part of the MTEF and Fiscal Strategy Paper (FSP) for the 2025 budget.

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Economy

CBN hikes interest on treasury Bills above inflation rate

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2 days ago

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December 4, 2025

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The spot rate on Nigerian Treasury bills has been increased by 146 basis points by the Central Bank of Nigeria (CBN) following tight subscription levels at the main auction on Wednesday. The spot rate on Treasury bills with one-year maturity has now surpassed Nigeria’s 16.05% inflation by 145 basis points following a recent decision to keep the policy rate at 27%. 

The Apex Bank came to the primary market with N700 billion Treasury bills offer size across standard tenors, including 91-day, 182-day and 364 day maturities. Details from the auction results showed that demand settled slightly above the total offers as investors began to seek higher returns on naira assets despite disinflation.

Total subscription came in at about N775 billion versus N700 billion offers floated at the main auction. The results showed rising appetite for duration as investors parked about 90% of their bids on Nigerian Treasury bills with 364 days maturity. The CBN opened N100 billion worth of 91 days bills for subscription, but the offer received underwhelming bids totalling N44.17 billion.

The CBN allotted N42.80 billion for the short-term instrument at the spot rate of 15.30%, the same as the previous auction. Total demand for 182 days Nigerian Treasury bills settled at N33.38 billion as against N150 billion that the authority pushed out for subscription. The CBN raised N30.36 billion from 182 days bills allotted to investors at the spot rate of 15.50%, the same as the previous auction.

Investors staked N697.29 billion on N450 billion in 364-day Treasury bills that was offered for subscription. The CBN raised N636.46 billion from the longest tenor at the spot rate of 17.50%, up from 16.04% at the previous auction.

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