Economy
Nigeria’s Education Budget Jumps To N3.52tn Under Tinubu, Says Shettima
Nigeria’s Education Budget Jumps To N3.52tn Under Tinubu, Says Shettima
Nigeria’s education budget jumps to N3.52tn under Tinubu, says Shettima. He said the improved budgetary provision was a significant increase from N1.54 trillion in 2023.
Vice-President Kashim Shettima says Nigeria’s education budget has jumped to N3.52 trillion in 2025 under President Bola Tinubu’s administration.
Mr Shettima, who stated this on Tuesday in Abuja, at the opening of the 2025 Nigeria Education Forum, said the improved budgetary provision was a significant increase from N1.54 trillion in 2023.
The forum was organised by the Nigeria Governors’ Forum (NGF), federal ministry of education, and the committee of states’ commissioners of education.
The theme of the forum was ‘Pathways to Sustainable Education Financing: Developing a Synergy Between Town and Gown in Nigeria’.
Represented by Aliyu Modibbo, the special adviser to the president on general duties (Office of the Vice-President), Mr Shettima said that the number of out-of-school children in the country constitutes a national emergency.
The vice-president called for collaboration between government and private sector stakeholders to address the problem.
Mr Shettima stated that education spending under President Bola Tinubu reflected the administration’s unwavering commitment to building an enlightened and globally competitive population.
He added, ” Nothing threatens a civilisation more than an uneducated generation.
” Nations rise when the people, regardless of circumstance, are equipped with the knowledge to imagine a better future and the skills to build it.”
The vice-president emphasised that Nigeria had reached a critical inflexion point where traditional government-only funding models can no longer sustain the country’s educational needs.
Mr Shettima, therefore, called for a fundamental shift toward collaborative, innovative, and resilient financing mechanisms.
”The burden cannot rest on government alone. We must enlist private sector actors, industry leaders, alumni networks, philanthropists, and communities to co-invest in laboratories, research centres, vocational hubs, innovation clusters, and endowment funds.”
Mr Shettima detailed substantial increases across key education funding agencies under the Tinubu administration’s Renewed Hope plan.
”For example, the Tertiary Education Trust Fund (TETFUND) budget grew from N320.3 billion in 2023 to N683.4 billion in 2024, and now stands at N1.6 trillion in 2025.
”The Universal Basic Education Commission (UBEC) has distributed N92.4 billion in matching grants to 25 states and the Federal Capital Territory.
”Another N19 billion has supported teacher development across 32 states and the FCT, while N1.5 billion has reached more than 1,147 communities.
”Individual state UBE grants have increased from approximately N1.3 billion to over N3.3 billion, allowing states to access more than N6.6 billion through counterpart funding arrangements,” the vice-president added.
He said that the newly created Nigerian Education Loan Fund (NELFUND), established under the Students’ Loans Act of 2024, had already disbursed ₦86.3 billion to over 450,000 students in 218 tertiary institutions nationwide.
Mr Shettima said, “This fund signals a new era where no Nigerian is denied tertiary education for lack of money.
“The learning crisis cannot be solved without safe and well-equipped schools, from basic classrooms to technical laboratories.

Shettima
”Teachers must enjoy adequate training, welfare, and professional recognition if they are to deliver the outcomes our children deserve.”
He called for deliberate collaboration across federal, state, and local government levels, emphasising the importance of prompt counterpart funding, transparent utilisation of resources, and strict adherence to action plans.
“Since education begins in the community, local governments and traditional institutions must take responsibility for infrastructure development, school maintenance, security, and teacher welfare.
”We are here today because we do not treat education as just a line item in the national budget.
”We treat it as the foundation of our national identity, the engine of our economic transformation, and the shield of our collective security,” the vice-president said.
Crime
Navy Dismantles Illegal Refining Capacity, Destroys Site With 3 Storage Tanks in Rivers
Navy Dismantles Illegal Refining Capacity, Destroys Site With 3 Storage Tanks in Rivers
The Nigerian Navy, through FOB BONNY, has dismantled an illegal refining site discovered in Promise Land Community along Nanabie Creek, Bonny Local Government Area of Rivers State, further denying criminal operators the infrastructure required to process stolen crude oil.
Eereporter.com
The site was discovered on 30 September 2026 following credible intelligence and comprised one large cooking pot and 3 large storage tanks intended for illegal refining activities. On 2 October 2026, the Commanding Officer, FOB BONNY, Captain SMC Umeh, led a team to the location, where the illegal refining site and associated equipment were destroyed in accordance with established regulations.
The intervention represents a further disruption of illegal refining capacity within the Bonny area, particularly by removing infrastructure that could be used to process and store stolen crude oil. It also follows recent operations by FOB BONNY under Operation DELTA SENTINEL that uncovered substantial volumes of suspected stolen crude oil and associated illegal refining infrastructure within its Area of Operations

Oil
The Nigerian Navy has continued to strengthen surveillance and monitoring across the area to prevent the establishment or reactivation of illegal refining sites and deny criminal operators the infrastructure required to sustain crude oil theft and related activities.
ABIODUN FOLORUNSHO
Navy Captain
Director Naval Information
Nigerian Navy
Eereporter.com
Economy
NNPC Ltd Offers N66 Fuel Discount Throughout the Nation
NNPC Ltd Offers N66 Fuel Discount Throughout the Nation
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has unveiled a nationwide ₦66 fuel discount promotion for customers using the NNPC Fuel App.
Eereporter.com
In a post obtained from its X handle on Friday, the promotion, which runs from October 1 to 7, is being held across NNPC stations nationwide as part of activities marking the period.
“The ₦66 Discount Promo is ongoing & the excitement is already happening across our stations nationwide!
“All over Nigeria, our customers are getting in on the action & there’s still time for you to benefit!
The promo runs from 1–7 October on the NNPC Fuel App,” the post read.
NNPC said customers across the country have already begun participating in the promotion, with highlights from the first day showing activities at several stations.
“Keep fueling, keep transacting and keep your eyes on our pages,” the post read.

NNPC
NNPC also shared moments from the first day of the promotion and said more pictures and activities from stations across the country would be released.
The company urged customers not to miss the opportunity to participate before the promotion ends on October 7.
The ₦66 discount offer is available through the NNPC Fuel App during the stated promotional period.
Eereporter.com
Economy
President Tinubu Tells EFCC: You Have Justified my Confidence in You
President Tinubu Tells EFCC: You Have Justified my Confidence in You
President Bola Ahmed Tinubu has applauded the efforts and performance of the Economic and Financial Crimes Commission, EFCC, in tackling economic and financial crimes and other acts of corruption in the country, stressing that it has justified the confidence reposed on it.
Eereporter.com
He gave this commendation on Friday, October 2, 2026 in Awka, Anambra State at the commissioning of a new Zonal Directorate of the EFCC. The President pointed out that there are evidential proofs of the success of the Commission in convictions, recoveries and other landmark achievements
Represented by Honourable Tajudeen Abbas, Speaker, House of Representatives, Tinubu noted that “supporting the EFCC is not particularly difficult. The agency has consistently demonstrated that the confidence reposed on it is well founded. Without mincing words, the evidential proof of the EFCC’s success speaks loudly in convictions secured, assets and properties recovered”
He affirmed that the strides of the Commission are in tandem with the Renewed Hope Agenda of his administration.
“When we came in three years ago, I highlighted nine major focal areas of my administration. Two of which are reforming the economy for sustained and inclusive growth and promotion of good governance. The anti-graft agency compliments this agenda as they are focused on accountability and transparency and appropriate deployment of resources”, he said.
At the commissioning, the Executive Chairman of the EFCC, Mr. Ola Olukoyede restated the commitment of the Commission to preventive frameworks in tackling economic and financial crimes and other acts of corruption in the country.
According to him, the Commission will continue its focus on making corrupt practices difficult by blocking avenues through which they may happen.
“This new Directorate will not only enforce the law professionally and courageously, it will be high on corruption prevention. It will engage government institutions, businesses, financial institutions, professional bodies, schools, markets, civil society organisations, traditional institutions, religious bodies and communities. It will educate stakeholders, build relationships and mobilise the people to own the fight against all forms of corrupt practices in the zone”, he said
He assured Nigerians that the EFCC would not relent in the pursuit of its mandate, recalling the achievements of the Commission in the last 34 months and describing them as impressive progress.
“The pursuit of our mandate has been our dominant engagement and in the past few years, we have made impressive progress. Between October 2023 and July 2026, the Commission received 49, 673 petitions, investigated 39, 615 cases, filed 14, 476 cases in court and secured 10, 872 convictions. This gives a conviction-to-filing ratio of 75.1 percent. In the first half of 2026 alone, we recorded 1, 370 convictions from 1, 889 filings. The Commission also recorded recoveries of N1, 233, 612, 040, 411. 11, $684, 478, 457. 32, £373, 905. 78, €9, 343, 803. 66 inn addition to recoveries in other currencies”, he said.
He noted that at the institutional level, the Commission has made radical reforms that have been yielding optimal results as there are consequential improvements in the agency’s processes and procedures, which partly explains the impacts the EFCC has made and will continue to make in all the matrices of law enforcement.
“Reforms that have strengthened the Commission during the period include new guidelines on arrest and bail, a review of sting operations, the establishment of the Department of Fraud Risk Assessment and Control, the Security Department, the Immigration and Visa Section and the Cybercrime Rapid Response Centre”, he said.
While charging Ndi Anambra on whistleblowing, the anti-graft czar said that the Commission has established channels through which members of the public can submit petitions and provide information. He noted that the Commission’s Eagle Eye App allows citizens to provide details of suspected wrongdoing and makes the provision of an informant’s personal details optional. “However, whistleblowing must be responsible and based on facts. It must not become an instrument for settling scores”, he said.

EFCC
He thereafter said that Anambra and Imo States deserve effective and responsive institutional presence as they are renowned for enterprise, innovation, commerce and an extraordinary culture of industry, adding that these legitimate activities must be protected from fraud, cybercrime, money laundering, investment fraud, diversion of public resources and other forms of economic and financial crimes. “Therefore, our coming to Awka is beyond geographical expansion. It is about taking the mandate of the EFCC closer to the people and closer to the economic activities we are meant to protect”, he said.
In their remarks, His Excellencies, Professor Chukwuma Soludo, Governor of Anambra State and Senator Hope Uzodinma, Governor of Imo State said that they were pleased with the activities and management of the EFCC under the leadership of Olukoyede. They pledged their support to the Commission as it opened a new Zonal Directorate in their domain.
The commissioning of the new Directorate witnessed massive turn out of distinguished Nigerians, including members of the National Assembly, civil society organisations, community leaders, students, media among others.
Eereporter.com
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