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President Tinubu Signs 2026 Electoral Act; Presidential Spending Cap Raised To ₦10bn

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The Electoral Act 2026, signed into law by President Bola Tinubu on February 18, 2026, introduces a massive overhaul of campaign financing and election management in Nigeria.

A central pillar of the reform is the substantial increase in campaign spending limits across all elective offices to account for inflation and logistical costs.

The national assembly has doubled the campaign spending limit for presidential candidates to N10 billion and increased the governorship ceiling to N3 billion in the Electoral Act 2026.

On February 17, the national assembly harmonised versions of the Electoral Bill 2026 passed by both chambers and transmitted same to President Bola Tinubu for assent ahead of the 2027 general election.

Tinubu signed the bill into law within 24 hours of its transmission, completing a two-year consultative process.

In a statement issued on Sunday by his directorate of media and public affairs, Opeyemi Bamidele, senate leader, disclosed the revisions while outlining key reforms introduced in the new electoral framework signed into law ahead of the 2027 general election.

Under the repealed Electoral Act, 2022, presidential candidates spend was capped at N5 billion, while governorship candidates were limited to N1 billion.

The 2026 law, however, raises the senate spending ceiling from N100 million to N500 million.

The limit for house of representatives candidates has been increased from N70 million to N250 million.

For state house of assembly elections, the ceiling rises from N30 million to N100 million.

Area council chairmanship outlay has been reviewed upward from N30 million to N60 million, while councillorship candidates can now spend up to N10 million, up from N5 million.

Bamidele said the upward review under section 92(1-8) reflects prevailing economic realities and rising campaign costs, while retaining statutory limits to regulate election financing.

He added that enforcement provisions remain in place to sanction candidates who exceed the prescribed thresholds.

 

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Opposition Coalition Hardens Stance Against INEC Following Massive Abuja Demonstration

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Following an anti-INEC protest in Abuja, leaders of the African Democratic Congress (ADC) held a closed-door meeting with top figures from the Peoples Democratic Party (PDP) to discuss the electoral body’s recent refusal to recognize the ADC’s new leadership.

Among those present at the meeting are Senator David Mark, National Chairman of the ADC, former Vice President Atiku Abubakar, former Kano Governor Rabiu Musa Kwankwaso, Presidential candidate of Labour Party, (LP) in the last election, Peter Obi.

Others are former Attorney-General of the Federation, Abubakar Malami, former Secretary to the Government of the Federation, Babachir Lawal, Former Rivers State Governor Rotimi Amaechi and Senator Aminu Tambuwal among others.

On the side of the PDP, are Oyo State Governor Seyi Makinde, factional National Chairman Turaki, Professor Jerry Gana, former Senate President Adolphus Wabara, former Niger State Governor, Babangida Aliyu, and other members of the National Working Committee, of the PDP.

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Akpabio Represents Tinubu At Commissioning Of Landmark Lagos Projects

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Senate President Godswill Akpabio has inaugurated the new Opebi-Mende-Ojota Link Bridge Project and the Multi-agency complex, Alausa, now known as Bola Ahmed Administrative Complex in Lagos State.

Akbabio represented President Bola Tinubu, who has been in Lagos for the past few days and is scheduled to embark on a two-day working visit to inaugurate about six key projects executed by Governor Babajide Sanwo-Olu.

In a video shared on X by Sanwo-Olu’s aide, Jubril Gawat, on Wednesday, the Senate President unveiled the project alongside Imo State Governor, Hope Uzodimma; the senator representing Lagos East District, Tokunbo Abiru; Sanwo-Olu, and some other dignitaries.

While cutting the ribbon, he said, “On behalf of President Bola Ahmed Tinubu, I commission these projects.”

Recall that the Special Adviser to Sanwo-Olu on Media and Publicity, Gboyega Akosile, in a post on X recently had said that the President would commission “iconic, transformative and legacy projects” delivered by his principal.

According to him, the projects include the Ojota-Opebi Link Bridge, the Lagos State Geographic Information Service building in Alausa, the Lagos State Multi-Agency Complex, the Tolu Schools Complex in Ajegunle, the Maracana Stadium, and the Lagos Food Logistics Hub in Abijo.

“Please join the Lagos State Governor, Mr Babajide Sanwo-Olu, to welcome President Bola Ahmed Tinubu to a two-day working visit to our dear State. While here, the President will commission some of our iconic, transformative, and legacy projects,” Akosile stated.

This development led the state government to announce partial road closures across key parts of the state for the commissioning of critical infrastructure projects scheduled for Wednesday and Thursday.

In a statement issued on Tuesday, the State Commissioner for Transportation, Mr. Oluwaseun Osiyemi, said the temporary closures were necessary to ensure safety and the smooth conduct of the events.

The government advised motorists to plan their movements and avoid affected corridors during the specified periods to minimise traffic disruptions and delays.

According to the statement, the Opebi-Mende Link Bridge will be commissioned on Wednesday, April 8, between 9:00 a.m. and 1:00 p.m., affecting traffic in the Opebi-Allen, Ikeja, and Ojota areas.

“All motorists transiting this corridor during the specified hours should seek alternative routes to avoid congestion and ensure timely arrival at their destinations,” the statement said.

On Thursday, April 9, two commissioning events are scheduled between 9:00 a.m. and 1:00 p.m. The first is the commissioning of the Tolu Schools Complex, which will affect traffic in the Olodi Apapa and Ajegunle areas.

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Dangote Refinery Denies Fuel Price Hike, Maintains Current Rates

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Dangote Petroleum Refinery & Petrochemicals has officially denied reports of a new fuel price hike, affirming that its current pricing structure remains stable.

A company source confirmed that the refinery is maintaining its existing rates to ensure market stability and steady product availability.

The company confirmed that its pricing structure remains intact, with the gantry price at N1,200 per litre and the coastal price at N1,153 per litre.

“We are maintaining our existing price and have not implemented any new pricing for our customers,” the source said.

The source added that the refinery remains focused on ensuring the steady availability of refined petroleum products across Nigeria and the wider African market, reinforcing its role in supporting supply stability.

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