Headlines
Guber Polls: INEC Declares Sanwo-Olu, Makinde, Abiodun, AbdulRazaq, Buni, Others Winners
The Independent National Electoral Commission on Sunday declared Governors Seyi Makinde (Oyo), Babajide Sanwo-Olu (Lagos), Dapo Abiodun (Ogun), Muhammadu Yahaya (Gombe), Mai Mala Buni (Yobe) and AbdulRahman AbdulRazaq (Kwara) the winners of Saturday’s governorship election.
Also, the Peoples Democratic Party candidate in Akwa Ibom State, Pastor Umo Eno; Dr Dikko Radda of the Katsina State All Progressives Congress and his counterpart in Jigawa State, Namadi Dammodi, emerged as the governors-elect.
The APC candidate in the Sokoto State governorship election, Ahmad Sokoto, similarly emerged as the governor-elect in the state, while Borno State Governor, Babagana Zulum was set for victory having won the 22 local government areas declared so far in the state on Sunday.
There were also strong indications that the Bauchi State Governor, Bala Mohammed, would be re-elected as he emerged victorious in 14 out of the 19 LGAs results declared as of 10.21 pm on Sunday, while his closest rival, Sadique Abubakar of the APC won five local government areas.
Similarly, the APC candidate in Benue, Rev Fr. Hyacinth Alia, is currently leading his opponents in the results so far declared by the electoral commission.
Makinde of the PDP was declared the winner of the governorship poll in Oyo State after scoring 563,756 votes to beat his closest rival, Teslim Folarin of the All Progressive Congress scored 256,685 votes.
Adebayo Adelabu of the Accord Party scored 38,357 votes. Makinde, in an interview with newsmen, shortly after he won re-election said he was overwhelmed by the show of love showered on him by the people of the state.
A statement by his Chief Press Secretary, Taiwo Adisa, said the governor was joined by his wife, Tamunominimin and flanked by family members, friends and associates while celebrating the victory at his residence located in the Ikolaba area of Ibadan.
He thanked the good people of the state for the the confidence reposed in his administration and his ability to lead them.
Makinde speaks Makinde said, “The incoming administration which is tagged Omituntun 2.0, is a film that will be a lot better, sweeter and more effective when compared to Omituntun 1.0.
“Right now, I am just overwhelmed. I want to thank the good people of the state for the confidence they have reposed in this administration and my ability to lead them.’’
Governor Abiodun secured a second term in office after polling 276,298 votes to defeat his PDP opponent, Oladipupo Adebutu, who scored 262,383 votes and 12 other candidates.
The returning officer of the governorship election in Ogun State, Prof. Kayode Adebowale declared Abiodun at the collation centre of the commission in the state.
According to him, the total number of registered voters 2,688,305, while accredited voters were 666,406.
Adebowale said a total of 645,133 votes were valid while 18,835 votes were rejected out of the 663,968 total votes cast.
Sanwo-Olu was re-elected as he has polled the highest number of votes in the governorship election held on Saturday. The results were announced on Sunday at INEC’s collation centre in Yaba, Lagos.
The governor was declared winner with 762,134 votes while his closest rival, Gbadebo Rhodes-Vivour of the Labour Party, polled 312,329 votes. The candidate of the PDP, Olajide Adediran, came third with 62,449 votes.
The Punch
US President Donald Trump has signed a federal spending bill, officially ending the longest government shutdown in American history.
The legislation, passed by the House of Representatives in a 222–209 vote, followed narrow approval in the Senate just two days earlier. The bill restores funding to federal agencies after 43 days of closure, bringing relief to millions of government employees and citizens affected by halted services.
Speaking after signing the measure on Wednesday night, Trump described the deal as a political victory, asserting that Democrats unnecessarily prolonged the shutdown.
“They didn’t want to do it the easy way. They had to do it the hard way, and they look very bad,” he said.
The temporary funding bill maintains government operations only through 30 January, creating a new deadline for lawmakers to negotiate a long-term budget solution.
As part of the agreement, Senate leaders committed to an early December vote on Obamacare subsidies, a key priority for Democrats during the shutdown standoff.
In addition to reopening federal offices, the bill provides full-year funding for the Department of Agriculture, military construction projects, and several legislative branch offices.
It also ensures retroactive pay for federal workers affected by the shutdown and allocates funding to the Supplemental Nutrition Assistance Program, SNAP, which helps about one in eight Americans access food.
The shutdown, which began in October, forced the suspension of many government services, leaving an estimated 1.4 million federal employees either furloughed or working without pay. It also disrupted food assistance programmes and caused widespread delays in domestic air travel.
With federal operations now resumed, attention in Washington has turned to whether Congress and the White House can reach a longer-term funding agreement before the new deadline at the end of January.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), on Thursday, announced discontinuation of the planned 15 per cent duty on imported petroleum products.
NMDPRA’s Director, Public Affairs Department, George Ene-Ita, conveyed the development in a statement while warning the public to shun panic buying.
President Bola Tinubu, on October 29, approved an import tariff on petrol and diesel, a policy expected to raise the landing cost of imported fuel.
The President’s approval was conveyed in a letter signed by his Private Secretary, Damilotun Aderemi, following a proposal submitted by the Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji.
The proposal sought the application of a 15 per cent duty on the cost, insurance, and freight value of imported petrol and diesel to align import costs with domestic market realities.
Implementation was slated to take effect on November 21, 2025.
The policy aimed to protect and promote local refineries like the Dangote Refinery and modular plants by making imported fuel more expensive.
While intended to boost local production, it is also expected to increase fuel costs, which could lead to higher inflation and transportation prices for consumers.
Experts have argued that the move could translate into higher pump prices for consumers, with some estimating an increase of up to N150 per litre or more.
In an update, however, NMDPRA said the government was no longer considering going ahead with implementing the petrol import duty.
“It should also be noted that the implementation of the 15% ad-valorem import duty on imported Premium Motor Spirit and Diesel is no longer in View,” the statement read in part.
Meanwhile, the NMDPRA also assured all that there is an adequate supply of petroleum products in the country, within the acceptable national sufficiency threshold, during this peak demand period.
“There is a robust domestic supply of petroleum products (AGO, PMS, LPG, etc) sourced from both local refineries and importation to ensure timely replenishment of stocks at storage depots and retail stations during this period.
“The Authority wishes to use this opportunity to advise against any hoarding, panic buying or non-market reflective escalation of prices of petroleum products.
“The Authority will continue to closely monitor the supply situation and take appropriate regulatory measures to prevent disruption of supply and distribution of petroleum products across the country, especially during this peak demand period.
“While appreciating the continued efforts of all stakeholders in the midstream and downstream value chain in ensuring a smooth and uninterrupted supply and distribution, the public is hereby assured of NMDPRA’s commitment to guarantee energy security,” the statement added.
The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to cover the unfunded portion of the 2025 budget deficit.
The approval followed the adoption of a report by the Senate Committee on Local and Foreign Debt during plenary on Wednesday.
The committee noted that the 2025 Appropriation Act provides for a total expenditure of N59.99 trillion, representing an increase of N5.25 trillion over the N54.74 trillion initially proposed by the Executive.
This expansion created a total budget deficit of N14.10 trillion. Of this, N12.95 trillion had already been approved for borrowing, leaving an unfunded deficit of approximately N1.15 trillion (N1,147,462,863,321).
In a related development, a motion by Senator Abdul Ningi was adopted, directing the Senate Committee on Appropriations to intensify its oversight to ensure that the borrowed funds are properly implemented in the 2025 fiscal year and used strictly for their intended purposes.
President Tinubu had on November 4th requested the approval of the National Assembly for a fresh ₦1.15 trillion borrowing from the domestic debt market to help finance the deficit in the 2025 budget.
The President’s request was conveyed in a letter. According to the letter, the proposed borrowing is intended to bridge the funding gap and ensure full implementation of government programs and projects under the 2025 fiscal plan.
