Saturday, October 18, 2025
25.1 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Northwest: The Lion’s Share of Tinubu’s Projects

By Tanimu Yakubu

Director-General

Budget Office of the Federation

The Lagos Illusion

The viral chart bundles together national infrastructure—federal highways, coastal transport corridors, and legacy roads—and labels them “Lagos-only projects.” By that logic, the Kano–Maiduguri expressway could be called a “Maiduguri-only project.” It is a sleight of hand that ignores the truth: these are national arteries, not local trophies.

When disaggregated, Lagos’ actual exclusive projects—airport fencing, Carter Bridge works, localized upgrades—stand at about ₦1.2 trillion.

The much-touted ₦2.7 trillion are federal highways and transport links that pass through Lagos but serve the entire federation.

In short, Lagos is not swallowing the budget; Nigeria is being stitched together through infrastructure.

The Northwest Reality

The real numbers paint a starkly different picture:

  • North West: ₦97 trillion (over 40% of all approvals)
  • South South: ₦41 trillion
  • North Central: ₦13 trillion
  • South East: ₦407 billion
  • North East: ₦400 billion
  • South West (excluding Lagos): ₦604 billion

In other words, the Northwest—not Lagos—holds the lion’s share. It is the President’s single largest beneficiary.

Correcting Propaganda

The viral infographic by Daily Trust exaggerates Lagos’ share while downplaying the North’s gains.

Tinubu’s Northwest Compact

Let us speak plainly: without the Northwest, there would be no Tinubu presidency. The President knows this. He has not forgotten, nor has he been ungrateful.

Consider the Kaduna Power Plant (255MW). Conceived under the late President Umaru Musa Yar’Adua, it languished in abandonment for years.

Today, under President Tinubu, it is being revived and put back on track. This is not just a power project—it is a symbol of continuity, respect, and reward for the North.

Add to that the Kaduna–Kano expressway, the Kano–Maiduguri highway, the Sokoto–Illela corridor, and massive investments in education and security infrastructure. These are not footnotes. They are the backbone of a deliberate Northwest-first investment strategy.

This is not neglect; it is recognition. It is gratitude made concrete, kilometre by kilometre, megawatt by megawatt.

Propaganda vs. Progress

The danger of the viral infographic is not just statistical error—it is deliberate incitement. It pits Lagos against Kano, Southwest against Northwest, as though one region’s progress must mean another’s exclusion. That is not budgeting. That is blackmail.

But Nigerians are wiser. The records show: Lagos is Nigeria’s commercial hub, rightly upgraded.

The Northwest is Nigeria’s electoral fortress, richly rewarded.

Every region receives its share, because Tinubu budgets for one economy, one country, one people.

Conclusion: Records, Not Rumors

History will not remember the viral graphics. It will remember the farmers in Katsina whose produce reaches markets in Lagos, the power that lights up Kaduna through Yar’Adua’s plant, revived by Tinubu, and the schools and hospitals springing up across Sokoto and Zamfara.

President Bola Ahmed Tinubu has not marginalized the North. He has trusted it, invested in it, and rewarded it.

That is the record. That is the fact. That is the truth.

And no infographic, however colorful, can bury it.

 

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

NEM Named Platinum Insurance Services Provider of the Decade

  L-R: Mrs. Moji Teluwo, DGM, Corporate Services, NEM Insurance...

Sterling Bank Implements Blockchain Solution for SPPG

Sterling Bank, a leading financial institution committed to driving...

Civic Centre: Awba-Ofemili Launches N100m Fund in Lagos

The Lagos branch of Awba-Ofemili Development Union (ADU) has...

Jonathan, Johnson, Galaxy Backbone Honoured at ICT Centenary Awards

President Goodluck Jonathan, Dr. (Mrs.) Omobola Johnson, Galaxy Backbone...

Nigeria Needs $3tr to Plug Infrastructure Gap

Mr. Andrew Alli, President/CEO, Africa Finance Corporation (AFC), says...

Stanbic IBTC: Private Sector Growth Slows in May, But Demand Conditions Remain Favourable

Business conditions in Nigeria's private sector strengthened in May,...

ADB, EIB Launch €150m Fund to Finance 1500 African SMEs

The European Investment Bank (EIB) and the African Development...

U.S. Captive Insurers Benefit from Core Competencies

Captive insurance companies rated by A.M. Best ended 2015...
Exit mobile version