Connect with us

News

Third anniversary: Reforms yielding fruits, says Tinubu

Published

on

President Bola Tinubu has appraised his three-year administration, saying that Nigeria has stabilised economically and is “moving forward again.”

Presenting his administration’s three-year scorecard, the President, while admitting taking over leadership at one of the most difficult periods in the nation’s history, said the tough economic reforms undertaken since 2023 were necessary to prevent fiscal collapse, worsening poverty and economic uncertainty.

Tinubu said that when his administration came into office on May 29, 2023, Nigeria faced mounting fiscal pressures, unsustainable fuel subsidy payments, declining revenues, exchange-rate distortions, rising debt-servicing obligations, insecurity and declining public confidence in institutions.

The President said: “At the height of the subsidy regime, Nigeria was spending as much as N18.4 billion daily to sustain petrol subsidies – over N4 trillion in 2022 alone – resources that could have been invested in roads, healthcare, education, housing and critical infrastructure.”

The President added that the multiple exchange-rate windows inherited by his administration created distortions that cost Nigeria more than N8 trillion in three years through speculative and rent-seeking practices.

He noted that the situation required “urgent and courageous action,” stressing that his administration chose “reform over ruin and decisiveness over hesitation.”

“The easy choices would have been politically convenient. But leadership demands courage, especially when the right decisions are difficult,” he said.

See also  Oil contract decisions were made before reaching my table, I was mere rubber stamp, Diezani tells UK court

Tinubu acknowledged the hardship that followed the reforms, particularly rising living costs, pressure on households and businesses, and growing unemployment concerns among youths.

“I remain deeply conscious of those sacrifices, and I assure you: your sacrifice has not been in vain,” he told Nigerians.

The President, however, maintained that the reforms had begun yielding positive results across key sectors of the economy.

“Our economy is now more competitive and better positioned for sustainable growth than it was in 2023.

“Public finances are improving. States and local governments have greater resources to invest in their people. Investor confidence is growing,” he said.

He said the Nigerian stock market had witnessed unprecedented growth, with the All Share Index rising from 53,000 in 2023 to 250,000 in 2026, while market capitalisation increased from N30 trillion to N160 trillion.

“Companies are declaring record profits and dividends,” the President added.

Highlighting ongoing infrastructure projects across the country, Tinubu said more than 2,700 kilometres of highways and major roads were under construction, reconstruction or rehabilitation.

He listed some of the projects as the Lagos-Calabar Coastal Highway, Sokoto-Badagry Super Highway, Abuja-Kaduna-Zaria-Kano Road, East-West Road and several rural access roads.

According to him, many sections of the projects are nearing completion and are already improving transportation, reducing travel time, enhancing regional trade and creating jobs.

See also  2027: ’34 and half’ governors backing Tinubu’s re-election — Buba Galadima

He further said the ongoing nationwide rail modernisation projects would improve connectivity, logistics and economic integration.

In the oil and gas sector, Tinubu said reforms introduced by his administration had restored investor confidence and attracted billions of dollars in fresh investments from international oil companies.

He hinted that the $5 billion NLNG Train 7 project was nearing completion and would boost Nigeria’s LNG production capacity, exports and earnings.

According to the President, Nigeria’s local refining capacity had improved considerably through large-scale and modular refineries, reducing dependence on imported petroleum products and conserving foreign exchange.

On power, Tinubu admitted that the sector had suffered years of debt, underinvestment and uncertainty, but assured Nigerians that his administration was confronting the challenges directly.

He said the government was clearing legacy obligations, expanding transmission infrastructure, investing in renewable energy and strengthening the national grid.

“No modern economy can grow in darkness. When power improves, businesses expand, industries grow, jobs are created, and families prosper,” he said.

The President reiterated his administration’s commitment to industrial growth and economic expansion through improved energy supply.

Tinubu also outlined his administration’s interventions in agriculture, education, housing and healthcare aimed at improving citizens’ welfare.

See also  Housewife fakes own kidnap, collects N2.5m from husband

He explained that millions of farmers had benefited from improved seedlings, fertilisers, mechanisation, irrigation support and expanded access to finance and markets.

“We are opening new agricultural corridors to create jobs, strengthen supply chains and reduce pressure on household incomes,” he said.

On education, Tinubu explained that the Nigerian Education Loan Fund (NELFUND) had provided over 1.5 million students access to higher education, disbursing more than N282 billion to beneficiaries.

The President said the Renewed Hope Housing Programme and projects by the Federal Housing Authority were delivering over 10,000 housing units across 14 states and the Federal Capital Territory.

The projects, he noted, had created more than 300,000 jobs, while major Renewed Hope Cities in Abuja, Lagos and Kano were progressing steadily.

He also said the consumer credit initiative, CREDICORP, was opening new economic frontiers for workers and families.

In the healthcare sector, Tinubu stated that thousands of primary healthcare centres were being revitalised while health insurance coverage was being expanded for vulnerable Nigerians.

The President further explained that his administration had taken decisive steps to stabilise the telecommunications sector, describing digital infrastructure as critical to national productivity and competitiveness.

News

NSC counters Obi, says he wanted photographs with Flamingos for campaign purposes

Published

on

By

The National Sports Commission (NSC) has responded to claims by Peter Obi that he was prevented from celebrating with the Flamingos, Nigeria’s U-17 women’s football team, at the Nnamdi Azikiwe International Airport in Abuja.

Obi, the presidential candidate of the Nigeria Democratic Congress (NDC), had said he was stopped from meeting and felicitating the victorious team because officials told his protocol team that they could lose their jobs if they allowed him near.

In a statement on Monday, Shehu Dikko, chairman of NSC, relayed that officials of the Nigeria Football Federation (NFF) who accompanied and received the team, reported that they did not see Obi near or around the players at the airport. 

According to the officials, two individuals wearing Obi campaign face caps and other campaign attire approached them to request that the former governor meet and take photographs with the players. 

The proposed arrangement was also likely to involve campaign materials, the NSC said. 

“The players had just arrived early that morning on an Air Maroc flight at about 5.30 a.m. and were tired after their journey and a demanding competition,” the statement reads. 

“The officials exercised their judgment in declining the sudden meeting and photograph request at that time, taking account of the players’ welfare and the circumstances of the request and without any prior notice of any arrangement for airport reception for the team. 

See also  2023 Presidency: APC govs, Fayose visit Wike in P/H

“Nothing in the account provided by the officials supports the suggestion that their jobs were at risk.”

Obi had said he was at the airport to board a flight to Enugu, which would ordinarily depart from the domestic terminal, while the Flamingos arrived through the international terminal.

Dikko said airport officials and passengers welcomed and celebrated the team without discrimination on grounds of political or other affiliations.

“This moment of joy and national pride was duly captured by the media present to cover the team’s arrival and Mr. Obi was never captured anywhere near the team and or at the vicinity of the international wing of the Airport,” he said. 

The NSC boss said the commission takes strong exception to Obi’s decision to present the incident as evidence of political intimidation without first seeking clarification from the NFF or the commission. 

According to him, turning a request for an unscheduled interaction into a toxic narrative of political victimisation shifts attention from the players’ achievement to an individual political grievance. 

See also  Good morning! Newspaper Headlines Today: May 29: Tinubu to review ministers’ scorecards

“These young champions should not be drawn into that controversy and never deserved this from Mr. Obi,” he said. 

He urged the NDC presidential candidate to reflect deeply and offer an unreserved apology to the players “for souring their moment of glory with his regrettable actions, subsequent statement and media interviews deliberately weaponising a non-issue for political gain”.

He noted that the Flamingos are minors and have a dedicated safeguarding official within the technical crew to protect and guide the players. 

“Their welfare, dignity and protection from undue pressure must remain central to every engagement,” he stated.

“This responsibility includes managing access to the players and ensuring that interactions including planned photograph sessions are appropriate and within the regulations.”

He said young athletes in the country must not be used to suggest allegiance to any political party, adding that considerations apply equally to public officials, political figures and the public.

Dikko said the team’s journey to the World Cup final involved more than seven months of preparation, training, World Cup qualifiers, the WAFU tournament and the competition in Morocco.

He acknowledged Obi’s congratulatory messages during the closing stages of the competition but said such gestures were different from sustained engagement with the team’s preparation, welfare and development.

See also  Newspaper Headlines: Five drown while fleeing from bandits in Abuja

“Our national teams deserve consistent support from everyone through preparation, competition and setbacks, as well as when they return with trophies,” he said.

Dikko added that Obi, and any other Nigerian who wishes to meet or host the Flamingos should contact the NFF or NSC with a formal request so that suitable arrangements can be made around the team’s programme, welfare, and, most importantly, to ensure every activity is implemented within the rules. 

The NSC chairman also disputed Obi’s claim that he was prevented from visiting the Super Eagles in the dressing room after Nigeria’s World Cup qualifier against Zimbabwe in Uyo on March 25, 2025.

He said the players had declined to receive visitors after the match, which ended unfavourably for Nigeria, as they wanted to hold an immediate meeting among themselves. 

Dikko, who said he sat on the same row as Obi and a sprinkling of governors during the match, added that no dignitary or official, including himself, the governors and top NFF officials, visited the players. 

He added that FIFA protocols restricted access to the dressing room to accredited persons or those cleared through the football federation.

Continue Reading

News

Good morning! Nigerian Newspapers Headlines: 2027 manifesto: Tinubu eyes 6% growth, 78,000 security recruits

Published

on

By

1. President Bola Tinubu has promised to recruit 28,000 additional military personnel and 50,000 police officers as part of efforts to strengthen Nigeria’s security architecture and tackle terrorism, banditry and kidnapping.

According to the 109-page APC 2027 Presidential Election Manifesto, titled From Reform to Prosperity Agenda 2027–2031, obtained by The PUNCH, Tinubu plans to achieve six per cent annual economic growth, facilitate the construction of 200,000 affordable homes and sustain a downward trend in inflation and food prices by 2031

2. The Senator representing Abia North, Orji Kalu, has disclosed that he previously traded in heavy weapons internationally, saying he sold arms to buyers who could afford them before abandoning the business at his parents’ insistence. Kalu made the disclosure during an interview on Arise Television on Monday, while discussing his longstanding relationships with former and current South African leaders


3. Fifty-Four officials of the Independent National Electoral Commission (INEC) linked to the manipulation of the voter registration are to face the law, Commission Chair Joash Amupitan has said. Prof. Amupitan announced yesterday that the electoral umpire uncovered “deliberate manipulation of the voter registration procedures”.

See also  Atiku in court as tribunal moves to adopt written address against Tinubu's victory

4. The Lagos State chapter of the All Progressives Congress has vowed to prevent Peter Obi from repeating his 2023 presidential election victory in the state, declaring that the party has learnt from the defeat and is mobilising to secure President Bola Tinubu’s re-election in 2027. The state APC Chairman, Cornelius Ojelabi, said the outcome of the last presidential election had served as a wake-up call for the ruling party, which is intensifying its mobilisation across states and local government areas ahead of the January 16, 2027 poll.


5. The immediate past Publicity Secretary of the African Democratic Congress in Kwara State, Abubakar Basambo, has defected to the All Progressives Congress. Basambo, who is a former governorship candidate of the Labour Party in the 2023 general election, announced his defection in a statement made available to reporters in Ilorin.

6. Three Nigerians have been arrested in Delhi, India, for allegedly staying in the country without valid immigration documents. The Times of India reported on Sunday that the Delhi Police arrested the men for “allegedly staying in India without valid documents” and subsequently transferred them to a detention centre.

See also  US air force officer sets self ablaze outside Israeli embassy in Washington

7. The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has declined to endorse Senate President Godswill Akpabio for another term as head of the National Assembly ahead of the 2027 general elections. Yilwatda said he had no preferred candidate for the position, insisting that the decision would rest entirely with senators elected into the next National Assembly.

8. The National Drug Law Enforcement Agency, Edo State Command, has arrested 75 suspected drug traffickers in connection with 16,818.17kg of illicit drugs in October 2026. The statistics were released in a statement on Monday by the Commander of Narcotics, Mitchell Ofoyeju, who described the visit of the chairman, Mohammed Buba Marwa, as a catalyst for the command’s fight against drug traffickers.

9. Independent National Electoral Commission, INEC, says it has yet to receive Certified True Copies, CTCs, of recent Federal High Court rulings concerning the African Democratic Congress, ADC, and the submission of President Bola Tinubu’s academic credentials. INEC Chairman, Prof. Joash Amupitan, disclosed this while speaking at a news conference on the voter register on Monday in Abuja.

See also  BREAKING: INEC declares Adamawa Gov election inconclusive, Fintiri, Binani in tight race

10. The Economic and Financial Crimes Commission is secretly investigating the 774 local government chairmen across the country over their management and spending of public funds since the councils gained financial autonomy, sources said on Monday. The investigation, which is being handled by the commission’s zonal directorates, is aimed at determining whether the councils have been accountable in the management of their allocations.

Continue Reading

News

Deliver your wards for Tinubu, get N10m each, Wike promises FCT councillors

Published

on

By

Ahead of the 2027 elections, the
minister of the Federal Capital Territory (FCT), Nyesom Wike, has promised to give every councillor in the nation’s capital N10 million if they deliver their wards for President Bola Tinubu.

The media aide to the FCT minister, Lere Olayinka, reportedly confirmed the development on Monday.

According to NAN, Wike spoke at a rainbow coalition stakeholders’ meeting attended by traditional rulers, political stakeholders and residents in the Kwali area council on Monday.

“Any councillor that delivers his ward will get N10 million reward,” the minister said.

“Therefore, go and meet your leaders, go and meet your youth groups, go and consult with associations. Let’s deliver our ward to Mr President.”

Wike also endorsed Philip Aduda for the FCT senate seat and Danladi Chiya for the Abuja south federal constituency.

“I don’t need to preach to you any longer. The one you are seeing is what you follow, not the one that will give you unfulfilled promises. I will go to sleep tonight because I know Kwali, Gwagwalada, and Abaji are 100 percent for APC,” he said.

See also  Newspaper Headlines: Five drown while fleeing from bandits in Abuja

The minister also condemned opposition politicians over their reactions to Thursday’s federal high court judgement, which sacked the David Mark-led leadership of the African Democratic Congress (ADC) and nullified the party’s decision, including Atiku Abubakar’s nomination as its presidential candidate.

He accused opposition parties and political figures of double standards and hypocrisy in their responses to court rulings.

“When ADC had a matter in court and won at the supreme court, they said, ‘The court is the last hope. The court has saved democracy, and we know our judiciary will not fail us,”’ he said.

“But when they lost a court case, it became: ‘The president is using the court to fight the opposition.’ When it is good for you, the judiciary is clear. When it is bad, you claim they are using it to destroy democracy. What kind of system are we operating?”

He said no administration had done more for the FCT than Tinubu’s government, adding that it had undertaken infrastructure projects across the satellite towns, including the construction of more than 270 kilometres of roads, 95 kilometres of which were in Kwali.

See also  BREAKING: INEC declares Adamawa Gov election inconclusive, Fintiri, Binani in tight race

Wike listed the establishment of the FCT Civil Service Commission, appointment of an FCT head of service, financial autonomy for area councils and infrastructure upgrades across satellite towns as some of the current administration’s achievements.

Continue Reading

Trending News