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National Assembly set to receive 2020 budget

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Findings showed that the Appropriation Committees of the two chambers are also in top gear to receive the fiscal document when it is referred to them.

A member of the Senate Appropriation Committee told our reporter that “all hands are on deck to ensure that the budget is not unduly delayed when it is presented by President Muhammadu Buhari.

Buhari had in a letter to the Senate President, informed the Senate that he would present the 2020 Appropriation Bill to a joint session of the National Assembly on Tuesday, October 8, 2019.

This is the first time the Appropriation Bill would be presented to a joint session of the National Assembly in October for consideration and passage.

The 2019 budget was presented to the two chambers on December 19, 2018.

Senate President, Senator Ahmad Lawan, has been consistent in his assurance that the 2020 budget would be passed before the National Assembly goes on its Christmas recess if the Appropriation Bill is submitted in September or first week of October.

The presentation of the budget is coming on the heels of the consideration and passage of the 2020 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) by the Senate.

Chairman Senate Committee on Media and Public Affairs, Senator Adedayo Adeyeye, had informed Senate Correspondent on Thursday that the President would present 2020 Appropriation Bill on Tuesday.

He also underscored the importance of the budget presentation, saying it was in line with the legislative agenda of the Senate and the desire of the President of the Senate to change the budget cycle.

“On Tuesday by 2pm, the President of the Federal Republic of Nigeria, President Muhammadu Buhari, will address a joint sitting of the National Assembly on the 2020 national budget.

“On Tuesday, we will still have our plenary but we will adjourn and move to the House of Representatives to receive the President and welcome his address.

“I think this is in tandem with the 9th Senate’s Legislative Agenda and part of the Senate President’s manifestoes when he was running for this office to change the budget circle in Nigeria and now the President has taken a cue and we want to commend him.

“He is going to present the budget by Tuesday next week, which is unprecedented in the last few years,” Adeyeye had said.

The Senate’s spokesman added that the National Assembly is determined to pass the 2020 budget before its Christmas break.

“In fact, since the beginning of this democracy, the budgets have been presented in December but this is the first time we are going to receive the budget by early October.

“I can assure you that with the determination and the zeal I see in the Senate and even the House of Reps, that budget would be passed before we go in Christmas recess so that implementation can take place between January to December.”

Findings by The Nation show that there is a palpable air of anxiety among the lawmakers as they prepare to receive the President.

Many senators who spoke in confidence said Buhari’s expected presence at a joint session of the 9th National Assembly would further cement the existing collaboration and spirit of understanding between the executive and the legislature.

President of the Senate has given a hint of this on Thursday before senators debated the MTEF document considered in one week by its Committee on Finance.

Lawan said: “I must thank the leadership of the Finance Committee, Senator Solomon Adeola Olamilekan, for a very wonderful job. I know that the committee, since we referred the MTEF for them to work on, they have literally moved into the National Assembly.”

When contacted by our reporter, a former Senate Leader, Senator Mohammed Ali Ndume, said: “This is a very welcomed development and I know that the 9th Senate is determined to give whatever support that is necessary in order to make the budget process more effective.”

On whether the National Assembly is not being subservient by appearing not to be painstaking in considering and approving requests sent to it by the executive, Ndume said: “I can assure you that the National Assembly cannot afford to be ‘look and go.’

“We normally get feelings of the people. Right now what the people want is for us to cooperate with the executive so that it would provide the services that they need.”

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ZENITH BANK CHAMPIONS ENVIRONMENTAL SUSTAINABILITY WITH TWO-PHASE CLEAN-UP IN LAGOS

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In line with its commitment to environmental sustainability and responsible business practices, Zenith Bank Plc has commemorated the 2026 World Environment Day with a two-phase environmental clean-up initiative in Lagos State, held under the global theme “Inspired by Nature. For Climate. For Our Future.”

The first phase was a morning clean-up conducted by staff of the Bank on Wednesday, 3 June 2026, along Ajose Adeogun Street, Victoria Island, Lagos. The exercise mobilised employees to clear waste, sensitise residents on proper disposal practices, and reinforce the Bank’s culture of community service and environmental stewardship.

The second phase, on Thursday, 4 June 2026, featured a waterways clean-up at the Falomo Waterways, Ikoyi, Lagos, executed in collaboration with the Lagos Waste Management Authority (LAWMA) and the Lagos State Waterways Authority (LASWA). The joint effort focused on removing marine debris, promoting cleaner waterways, and supporting the State’s broader climate-resilience agenda.

Speaking on the initiative, Dame Dr. Adaora Umeoji, OON, Group Managing Director/CEO of Zenith Bank Plc, said: “At Zenith Bank, sustainability is integral to how we operate. Clearing our streets and our waterways is a practical reminder that protecting the environment is a shared responsibility – and one we are proud to take up alongside LAWMA and LASWA. Through these exercises, we are taking deliberate action to preserve our communities, support climate action, and inspire others to act. Our operations will continue to align with global environmental standards as we build a more sustainable future for Nigeria and Africa.”Zenith Bank remains committed to embedding Environmental, Social and Governance (ESG) principles across its operations, investing in green initiatives, energy efficiency, and community-focused programmes. These efforts advance the United Nations Sustainable Development Goals – particularly SDG 7 (Affordable and Clean Energy), SDG 11 (Sustainable Cities and Communities) and SDG 13 (Climate Action). Sustainability remains an operational imperative across the Bank’s Nigerian base and its broader African, UK and European footprints.

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ZENITH BANK APPOINTS ENGR. MUSTAFA BELLO AS CHAIRMAN AT ANNUAL GENERAL MEETING

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Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026.

Engr. Bello’s appointment represents a strategic step to ensure the continuity, stability, and sustained effectiveness of the Board, while reinforcing the high standards of corporate governance, regulatory compliance, and strategic oversight for which Zenith Bank is widely respected. He joined the Board of Zenith Bank Plc on 29 December 2017 and has served on several Board committees, including the Board Audit and Compliance Committee, Board Governance, Nomination and Renumeration Committee and as Chairman of the Board Risk Management Committee until his appointment as Chairman of the Board of Directors.

He has extensive leadership experience at Board and executive levels, a strong understanding of corporate governance principles and regulatory expectations, and a proven track record in strategic oversight and organisational growth. He has consistently demonstrated integrity, independence and sound judgement, qualities that distinguished him as the natural choice to lead the Board into its next chapter.

Engr. Mustafa Bello is a distinguished engineer, statesman and corporate leader. His career spans more than four decades across the public and private sectors of the Nigerian economy. He served as Minister of Commerce of the Federal Republic of Nigeria from 1999 to 2002 under President Olusegun Obasanjo, GCFR, where he led the development of Nigeria’s WTO-consistent Trade Policy. He also oversaw the Corporate Affairs Commission (CAC) online project of 2002, which modernised the way businesses register and operate in the country. From November 2003 to February 2014, he served as Executive Secretary and Chief Executive Officer of the Nigerian Investments Promotion Commission (NIPC), where he was instrumental in attracting foreign direct investment into Nigeria, building multilateral and bilateral partnerships, and representing the Federal Government at international conferences and missions.

He graduated from Ahmadu Bello University (ABU), Zaria, in 1978 with a B.Engr. in Civil Engineering (Second Class Upper Division), winning the Shell Prize for the best project and thesis in the Faculty of Engineering. He began his career with the Nigerian Army’s Directorate of Quartering and Engineering Service from 1978 to 1979, before joining the Niger State Housing Corporation as a Senior Civil Engineer from 1980 to 1983.

He is currently the Chairman of Invest-in-Northern Nigeria Limited, a special purpose vehicle for the economic and social transformation of the Northern Nigerian economy, and has previously served on the boards of Eskom Holdings Limited of the Republic of South Africa (2004 to 2008) and FrieslandCampina WAMCO Nigeria Plc as an Independent Non-Executive Director. He is a Fellow of the Nigerian Society of Engineers and a Registered Member of Council for the Regulation of Engineering in Nigeria (COREN) as well as Fellow of the Academy of Natural Sciences & Engineering in Nigeria (ANSEN).Zenith Bank stands among Africa’s leading financial institutions, with a strong capital base and operations across Nigeria, the United Kingdom, the United Arab Emirates, Ghana, Sierra Leone, The Gambia and Côte d’Ivoire.

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FirstBank Confirms Appointment of Olayinka Ijabiyi as Group Head, Marketing and Corporate Communications

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FirstBank, West Africa’s premier financial institution and financial inclusion service provider, has confirmed the appointment of Olayinka Ijabiyi as the substantive Group Head, Marketing and Corporate Communications. The appointment takes immediate effect and reinforces strong corporate governance at a pivotal point in the Bank’s growth and transformation journey.

Olayinka Thomas Ijabiyi is a seasoned marketing and corporate communications professional with over 25 years of experience driving brand transformation, strategic visibility, and stakeholder engagement across financial services, telecommunications, media, and international development sectors.

Ijabiyi joined FirstBank in 2011 and has served in acting capacity as the Group Head of Marketing and Corporate Communications from December 2024 until his recent confirmation. In his role, he leads the development and execution of integrated marketing and corporate communications strategies across the Group’s markets. He oversees brand and reputation management, executive positioning, Corporate Responsibility and Sustainability as well as strategic communications initiatives aligned to the Bank’s business objectives/aspirations.

Prior to his current role, Ijabiyi has held leadership positions within the Marketing and Corporate Communications Department in FirstBank, including Head Brand Strategy and Special Projects, Head Digital Marketing and Head Brand and Stakeholder Management. 

Before joining FirstBank, Ijabiyi built a diverse career across leading organizations including British Council, Multichoice, MTN and Etisalat Nigeria, where he played key roles in brand building, corporate communications and digital transformation initiatives.

Widely recognized for his strategic mindset, leadership ability to translate business objectives into impactful marketing and communications strategies, he has successfully led major brand initiatives, including milestone anniversary campaigns and brand refresh programs, while consistently delivering efficiencies and enhancing brand equity.

Ijabiyi holds a Master’s degree in Public and International Affairs from the University of Lagos and a Bachelor’s degree in English Language from the former Ondo State University, Ado Ekiti. He is a Fellow of the National Institute of Marketing of Nigeria (NIMN) and a member of the Nigerian Institute of Public Relations (NIPR), amongst other industry bodies.

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