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Senate Approves 2019 Expenditure Framework, Fiscal Strategy

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The Senate on Tuesday, passed the 2019 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

The MTEF and FSP are documents that provide the framework of designing a budget as enshrined in section 11 (3)of the Fiscal Responsibility Act, 2007.

President Muhammadu Buhari had on November 6, 2018, sent a letter to the National Assembly detailing the provisions of the two documents.

In it, he made proposals for budget deficit, crude oil benchmark price, exchange rate, among others.

The Chairman Senate committee on Finance, John Enoh who presented said the committee maintained the daily production output of crude oil at 2.3 million barrel per day, USD $60.0/6 as crude oil benchmark price, N305/1US$ as the exchange rate and N500 billion as special intervention fund – as proposed by the president.

On crude oil production, the committee advised that target be achievable due to the “continuous effort of all stakeholders in checkmating the issues of oil facilities vandalism and other vices associated with such regard.”

The committee, however, reduced the proposal for the budget deficit largely financed by borrowing from N1.86 trillion to N1.64 trillion.

It was recommended that the Central Bank of Nigeria continue to adopt strategies on exchange rate that will aid in the “strengthening of the Naira and bridging the gap between the official and parallel market rate of the foreign exchange.”

The committee also urged relevant agencies to continue exploring way of generating additional revenues to bring down the fiscal deficit.

Other suggestions from the committees asked that “the Federal Government should harness the full optimal potential of the Federal Ministry of Mines and Steel Development in terms of Revenue Generation to minimise the level of borrowing.

“The Federal Government should consider reducing the granting waivers and exemptions while ensuring that the Nigerian Customs Service personnel are at all oil terminals for accountability and the Federal Inland Revenue Service (FIRS) should consider increasing Tax on luxury goods and services.

“Twenty per cent operating surplus to be remitted by Government owned Enterprises should be deducted at source.”

The Senate’s approval comes weeks after Minister of Budget and National Planning, Udoma Udoma, appeared before the Senate to explain why the federal government made slight adjustments on the 2019 MTEF/FSP approved by the Executive Council of the Federation.

He said the adjustment was to accommodate some ‘unanticipated expenditure items’ in the 2019 budget proposals and the adjustments only affected the projected expenditure.

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US’ll Take Greenland by Any Possible Means, Trump Vows

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President Donald Trump vowed on Sunday that the United States would take Greenland “one way or the other,” warning that Russia and China would “take over” if Washington fails to act.

Trump says controlling the mineral-rich Danish territory is crucial for US national security given increased Russian and Chinese military activity in the Arctic.

“If we don’t take Greenland, Russia or China will, and I’m not letting that happen,” Trump told reporters aboard Air Force One, despite neither country laying claim to the vast island.

Trump said he would be open to making a deal with the Danish self-governing territory “but one way or the other, we’re going to have Greenland.”

Denmark and other European allies have voiced shock at Trump’s threats over the island, which plays a strategic role between North America and the Arctic, and where the United States has had a military base since World War II.

A Danish colony until 1953, Greenland gained home rule 26 years later and is contemplating eventually loosening its ties with Denmark.

The vast majority of its population and political parties have said they do not want to be under US control and insist Greenlanders must decide their own future — a viewpoint continuously challenged by Trump.

“Greenland should make the deal, because Greenland does not want to see Russia or China take over,” Trump warned, as he mocked its defenses.

“You know what their defense is, two dog sleds,” he said, while Russia and China have “destroyers and submarines all over the place.”

Denmark’s prime minister warned last week that any US move to take Greenland by force would destroy 80 years of transatlantic security links.

Trump waved off the comment saying: “If it affects NATO, it affects NATO. But you know, (Greenland) need us much more than we need them.”

AFP

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We’ll Retaliate If You Attack Us, Iran Warns US

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Iran has warned the United States against any military action, saying it would retaliate if the U.S. President Donald Trump follows through on threats to intervene as Tehran continues its crackdown on nationwide protests.

Iran’s parliament speaker, Mohammad Bagher Qalibaf, issued the warning during a parliamentary session broadcast live on Iranian State television.

Qalibaf praised the country’s military response to the protests and cautioned that both the U.S. military and Israel are considered “legitimate targets” in the event of an attack on Iran.

Referring to Israel as “the occupied territory,” Qalibaf said Iran would not rule out launching a preemptive strike against either country if it perceives a threat.

“In the event of an attack on Iran, both the occupied territory and all American military centers, bases and ships in the region will be our legitimate targets,” Qalibaf said.

“We do not consider ourselves limited to reacting after the action and will act based on any objective signs of a threat,” he added.

The warning came amid scenes of heightened tension in the chamber, as hardline lawmakers rushed the dais and chanted, “Death to America!”

Iran has been rocked by widespread protests challenging the country’s theocratic system over the past few weeks, prompting a sustained security crackdown by authorities.

Activists estimated that at least 116 people have died in connection with the demonstrations, while about 2,600 others have been detained, according to the U.S.-based Human Right Activists News Agency. Exact figures remain unclear due to internet shutdowns and disrupted phone services across the country.

Trump has warned that the United States is prepared to act if Iranian authorities kill protesters.

“If Iran (shoots) and violently kills peaceful protesters, which is their custom, the United States of America will come to their rescue. We are locked and loaded and ready to go,” Trump said earlier this month.

“Iran is looking at FREEDOM, perhaps like never before. The USA stands ready tohelp!!!” he added on his Truth Social platform.

Meanwhile, The New York Times reported that Trump has been briefed on possible military strike options against Iran but has yet to make a final decision.

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CAF Acknowledges Akor Adams’ Goal Tribute to DR Congo Superfan

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The Confederation of African Football (CAF) has publicly acknowledged Super Eagles striker Akor Adams following his goal celebration in Nigeria’s 2-0 quarter-final win over Algeria at the 2025 Africa Cup of Nations.

Adams scored Nigeria’s second goal against the Desert Foxes, making amends for earlier missed chances and helping the Super Eagles secure a place in the semifinals.

However, it was his celebration, rather than the finish itself, that drew widespread attention across the continent.

Tribute to DR Congo superfan

After finding the net, the Sevilla forward marked the moment with a gesture inspired by DR Congo superfan Mboladinga ‘Lumumba’.

The Congolese supporter has become a familiar figure at the tournament for standing throughout all DR Congo matches as a tribute to the legacy of former prime minister Patrice Lumumba.

Adams’ celebration mirrored Mboladinga’s stance, a move widely interpreted as a sign of respect and solidarity beyond national lines. The moment resonated with fans and officials alike, quickly gaining traction on social media.

CAF Reaction and fan response

CAF highlighted the gesture on its official X account, sharing an image of Adams’ celebration alongside a brief but pointed message. “Standing still. Akor.,” the continental body wrote.

The post prompted a wave of reactions from football fans across Africa. A user identified as @MrChirenga commented, “Love the fact that Africans are becoming more and more united fam … Love from Zimbabwe.”

Another fan, @abuagoody, praised Adams’ qualities, writing, “Such an impressive player. The last players that played like him for Nigeria are John Utaka, Brown Ideye and Uche.”

Others focused on Adams’ technical ability, with @MouxCaa adding, “Akor Adams is a type of player you see touching the ball and you automatically know it’s a professional footballer.”

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