Tinubu and Obi sign peace accord as states’ budgets surge
Political parties and presidential candidates, including Bola Tinubu and Peter Obi, have signed a National Peace Accord to promote issue-based campaigns ahead of the 2027 general elections. Nigeria’s 36 states and the Federal Capital Territory have increased their combined budgets, but capital spending has dropped. The NDLEA has dismantled a major cocaine cartel, while the Federal Government and states shared a record allocation from the Federation Account. Other top stories include warnings from Goodluck Jonathan on election security, labour disputes in the health sector, and mass demolitions in Abuja.
What we know
- Bola Tinubu and Peter Obi signed the first National Peace Accord on issue-based campaigns ahead of the 2027 general elections as public campaigns begin.
- Nigeria’s 36 states and the Federal Capital Territory raised their combined budgets by 47.5% to N40.14tn in 2026, but the share for capital projects fell.
- The NDLEA arrested alleged cartel leader Afolabi Kazeem Michael (KC Luxury) and seized 184.50kg of cocaine as he tried to flee to Paris.
- The Federal Government, states, and local councils shared a record N3.007tn from the Federation Account in July 2026, the highest monthly allocation ever.
- The Federal Capital Territory Administration began demolishing structures built on water channels in Abuja after orders from Minister Nyesom Wike following flooding in Maitama.
