Index to Nigerian Newspapers

The National Assembly of Nigeria has proposed significant amendments to the Electoral Act 2022 that could shift the country’s electoral calendar and improve the handling of post-election disputes. A key recommendation is to conduct presidential and gubernatorial elections in November 2026, six months earlier than the traditional February-March timeline. This adjustment, outlined during a public hearing by the Joint Committee on Electoral Matters, aims to ensure that all electoral litigations are resolved before the May 29, 2027 swearing-in of newly elected officials. The proposed reforms also seek to amend relevant sections of the 1999 Constitution to grant the Independent National Electoral Commission (INEC) more flexibility in setting election dates.To fast-track legal processes, the reforms reduce tribunal judgment timelines from 180 to 90 days, and appellate court decisions to 60 days. Other proposed innovations include mandatory electronic transmission of results, early voting for electoral staff and security personnel, and alternatives to the Permanent Voter Card (PVC) to increase voter access. Penalties for electoral offences are also being tightened, with sanctions for the distribution of unstamped ballots and result sheets.Stakeholders such as INEC, civil society organizations, and journalists expressed strong support for these changes, particularly for the integration of technology and enhanced electoral transparency. INEC’s representative, Prof. Abdullahi Zuru, emphasized the importance of early elections in improving logistical planning and reducing rushed transitions. If enacted, these reforms could mark a historic milestone in Nigeria’s democratic evolution, fostering a more efficient, inclusive, and transparent electoral process ahead of the 2027 general elections.

Following his initial election in May 2015, President Muhammadu Buhari nominated Dr. Doyin Salami as his Chief Economic Adviser exactly 80 months later. arranging and keeping an eye on the execution of his economic initiatives. A 1989 Queen Mary College economics PhD graduate who recently achieved the title of Senior Fellow/Associate Professor. Identify trends and create effective policy solutions. According to the economist, in order to create jobs and end poverty, the government must stop leaks and seize $900 billion in state-level chances. Salami had claimed that income had only increased by 15%. difficulties with overcentralization and ineffective revenue collection. insufficient infrastructure.

The Independent National Electoral Commission (INEC) declared Adamawa State Governor Ahmad Fintiri the winner of the March 18 governorship election, following a rerun exercise and unsuccessful electoral coups. Fintiri, running on the Peoples Democratic Party (PDP), defeated Senator Aisha Binani of the All Progressives Congress (APC) with 32,073 votes difference. However, the repercussions of the rerun poll continued to unfold, with Inspector-General of Police Usman Baba ordering the Commissioner of Police in Adamawa State to withdraw immediately. INEC also demanded investigation and prosecution of the Adamawa State Resident Electoral Commissioner, Hudu Yunusa Ari. The Federal High Court declined to hear an application by the governorship candidate of APC in Adamawa State seeking to restrain INEC from invalidating her purported declaration as winner. Pro-democracy group Yiaga Africa and the Nigeria Civil Situation Room called for revisiting the nomination process for INEC national commissioners to trigger another electoral reform.

Femi Falana, a rights activist and senior lawyer, has called on authorities to release the suspended Chairman of the Economic and Financial Crimes Commission, Abdulrasheed Bawa, from custody. Falana argues that Bawa's continued detention violates his rights and constitutional provisions. Bawa was arrested in June after being investigated for alleged breach of the law. Falana argues that the secret service cannot remand a defendant for more than 56 days cumulatively. He also suggests that the federal government should charge the two detained suspects before a competent court if there was evidence of criminal offenses. Falana argues that the detention of Bawa is spent, invalid, and illegal under Section 493 of the Administration of Criminal Justice Act, 2015, and Section 35 of the Constitution of Nigeria. He urges the federal government to respect the rights of Bawa and the Director of Public Prosecution in the Federal Ministry of Justice.

The Nigerian Air Force has announced the appointment of New Branch Chiefs and Air Officers Commanding (AOCs) and other senior officers. These include Air Vice Marshal (AVM) Ayoola Jolasinmi, Air Training Command (ATC), Musa Muktar, AVM Charles Ohwo, AVM Jackson Yusuf, AVM Abubakar Liman, AVM Emmanuel Wonah, AVM Raimi Salami, AVM Olatokunbo Adesanya, AVM Aliyu Bello, AVM Nelson Calmday, and AVM Paul Jemitola. The appointment was a routine exercise intended to reinvigorate the service for greater performance, enhanced productivity, operational efficiency, and effective service delivery. The Chief of Air Staff, Air Marshal Oladayo Amao, has appointed new appointees to various positions in the Nigerian Air Force. These include AVM John Ochomma, AVM Idi Lubo, AVM Anthony Tuwase, AVM Mohammed Yakubu, AVM Sayo Olatunde, AVM Abraham Adole, AOC TAC, Makurdi, AVM Tajudeen Yusuf, AOC SOC, Bauchi, AVM Iboro Etukudo, AOC MC, Yenagoa, AVM Nanjul Kumzhi, AOC ATC, Kaduna, AVM Emmanuel Eze, Air Commodore Esen Efanga, and Group Captain Dogari Apyeyak.

According to the statement, Akume commended the North Central Governors’ Forum for the solidarity visit. He said the solidarity visit would serve as an encouragement to achieve greater strides for the nation.

The statement partly read, “The Chairman of the North Central Governors’ Forum and the Governor of Nasarawa State, Abdullahi Sule, congratulated the Secretary to the Government of the Federation on his appointment by the President.

On his part, Akume commended the North Central Governors’ Forum for the visit, stating that the solidarity visit would serve as an encouragement to achieve greater strides for the nation.

Senator George Akume, Secretary to the Government of the Federation, announced that Nigerians will soon learn about the Central Bank of Nigeria's (CBN) issues and the nation's current state. He also revealed that the government has not invited any world leaders to the country's 63rd independence anniversary celebration, as part of a low-key celebration. The theme is "Nigeria @ 63: Renewed Hope for Unity & Prosperity."

Financial experts have cautioned that Nigeria risks undermining its progress toward re-inclusion in the FTSE Frontier Market Index by implementing a new Capital Gains Tax (CGT) on securities transactions. Although Nigeria has made notable strides in transparency and liquidity within its foreign exchange market, the introduction of CGT,applicable primarily to large equity salescould erode investor confidence and reverse recent gains. Analysts emphasize that the country’s market credibility depends not only on policy announcements but on effective implementation, including improved governance, investor protection, and market infrastructure. Key challenges remain in clearing and settlement efficiency, regulatory coordination, and costly transaction fees, which collectively hinder market development and liquidity. While Nigeria’s efforts to address foreign exchange backlogs and unify exchange rates have been praised, sustained progress requires consistent policies that protect investors and modernize market operations. Experts warn that without addressing these structural weaknesses, Nigeria’s ambitions to regain a stronger position in global indices will remain unmet, highlighting the urgent need for reforms to secure a more transparent, efficient, and predictable financial market environment.

The Court of Appeal, Lagos Division, has set aside the Federal High Court's judgement that restrained the federal government from further registering marriages under the Marriage Act, Cap. M6, Laws of the Federation of Nigeria (LFN), 2004 within some local government areas. The appellate court ruled that both the federal government and local government councils have the legal authority to celebrate, contract, and register marriages between prospective couples. The court held that not one organ of government had the exclusive preserve of contracting and celebrating marriages between prospective couples. The lower court imposed a restriction directing the Ministry of Interior to only conduct, celebrate, and contract marriages in marriage registries in Ikoyi, Lagos, and Federal Capital Territory, Abuja, which was deemed wrong. The appellate court also retrained the Minister of Interior from further registering marriages contracted or celebrated under the Marriage Act, Cap. M6, Laws of the Federation of Nigeria (LFN), 2004, within the plaintiffs' local government councils area.

Senator Ifeanyi Ararume criticized the Nigerian National Petroleum Company Limited's appeal to upturn the Federal High Court's decision to reinstate Ararume as Non-executive Chairman of the company's Board. He argued the appeal was incompetent and a waste of court time. The NNPC challenged the court's decisions, presenting 18 grounds, including lacked jurisdiction, statute barredness, misled provisions, Ararume's failure to provide convincing evidence, and the suit on Originating Summons.

The Academic Staff Union of Universities, asked the Inspector General of Police, to assist the Oyo State Police Command, was killed by yet-to-be-identified assailants in the evening of Monday, Oyo StateP tasked President Bola Tinubu, According to Akinwole, noting that, The Nigerian populace is constantly assailed by terrorism, armed robbery, stated further that, disheartening that academics who cultivate,.

President Bola Tinubu met with governors of five Nigerian states sharing the border with the Niger Republic at State House, Abuja, to discuss options to restore democratic governance in the troubled republic. The meeting was held at the expiration of the one-week ultimatum handed to the Nigerien coup plotters by the Economic Community of West African States (ECOWAS). Senior security officials criticised the senate for undermining Tinubu's diplomacy by not supporting military action in Niger. ECOWAS' Chiefs of Defence Staff announced that a military action plan for the restoration of democracy in Niger Republic was ready and awaiting approval from the heads of states and government. However, some foreign affairs experts maintain that the planned invasion of Niger remains unpopular and urge key players in the ECOWAS plan to rethink. Eight leading civil society organizations in northern Nigeria cautioned the ECOWAS leadership against economic sanctions and military action in the effort to fix the political impasse in Niger Republic.

The Enugu State Governorship Election Petition Tribunal has ruled that Governor Peter Mbah's election was invalid due to a forged certificate. The tribunal found that the petitioners and respondents failed to comply with the First Schedule to the Electoral Act, 2022, regarding subpoenaed witnesses. The tribunal also found no merit in the claim that Mbah submitted a forged NYSC certificate.

Governor Godwin Obaseki and his deputy, Philip Shaibu, have been feuding over the former's sister-in-law's redeployment. Rumors suggest Shaibu will resume duties after an overseas holiday, raising concerns about his fate when he returns to face Obaseki. Obaseki has denied any plan to impeach Shaibu, calling the rumors "rumor." The incident occurred at a stadium, where foreign faces entered and caused serious bodily injury. Obaseki has redeployed Shaibu's sister-in-law from the Sports Commission to the Central Administrative Department, possibly connected to the feud.

Plateau State Government House in Jos has appointed 204 media aides to Governor Caleb Manasseh Mutfwang, with 40 being Principal Special Assistants (Media), 53 Senior Special Assistants (Media), and 111 Special Assistants [Media]. The appointment was made to enhance public awareness and disseminate the policies of the 'Time is Now' administration. The consultant, who has decades-long experience in six media houses, was commissioned to complete the task. The consultant's interim report stated that the media team would have a Herculean task in trying to sell Governor Mutfwang's Time Is Now slogan. The consultant recommended portfolios for the 40 Principal Special Assistants (PSAs), portfolios for the 40 PSAs, portfolios for the 40 PSAs, portfolios for the 40 PSAs, portfolios for the 40 PSAs, portfolios for the 40 PSAs, portfolios for the 40 PSAs, portfolios for the 40 PSAs, portfolios for the 40 PSAs, portfolios for the 40 PSAs, and portfolios for the 40 PSAs. The consultant also recommended several Senior Special Assistants (SSAs) to each major newspaper and TV station to maximize opportunities.

President Bola Tinubu addressed the African Union's mid-year meeting in Nairobi, Kenya, highlighting Africa's unity and strength. He rejected the idea of a new scramble for Africa and warned that past plundering and exploitation should remain in the past. Tinubu announced plans to strengthen the Economic Community of West African States (ECOWAS0 Standby Force to deter coups and combat terrorism in the sub-region. He highlighted the progress made by Economic Community of West African States (ECOWAS( in various sectors of its integration process, including trade, free movement of persons, investment promotion, infrastructure development, and security. He emphasized the need for Africa to overcome its challenges and work towards a prosperous future, focusing on inclusive growth, good governance, and leveraging opportunities provided by the African Continental Free Trade Area (AfCFTA). He acknowledged the challenges faced by the sub-region, including terrorism and anti-constitutional changes in government. He emphasized the need to advance as one continent toward peace and prosperity, rather than creating two or more Africas with different levels of prosperity.

President Bola Tinubu at the Nigeria-U.S. Executive Business Roundtable urged American businessmen to invest in Nigeria, highlighting the country's unique opportunities and measures to boost confidence. He also encouraged Diaspora Nigerians in the U.S. to return their resources for investment, highlighting Nigeria's status as a home for business opportunities.

Atiku Abubakar, the PDP presidential candidate, has filed a separate case against President Bola Tinubu in the U.S. District Court for the Northern District of Illinois after withdrawing an existing one before a circuit court in Illinois. The court dismissed the suit, stating that Atiku's academic records from primary school to university remained questionable, and the president's failure to identify a single former classmate was a joke. Atiku's supporters are rejoicing over the development, but the truth is coming and President Tinubu has no hiding place. The county court in Illinois dismissed the suit filed by Atiku, seeking release of Tinubu's academic records at Chicago State University. The dismissal was a result of Atiku's withdrawal of the suit, and Judge Patrick J. Heneghan dismissed the case without prejudice.

Former Vice President Atiku Abubakar accused President Bola Tinubu of causing despair among Nigerians due to his economic policies. Atiku claimed that Tinubu's poor response to the country's challenges set the stage for a deeper economic crisis. Tinubu defended his 2024 budget as a business-as-usual exercise, claiming it lacks concrete ideas for economic transformation. The presidency's Special Adviser on Information and Strategy, Mr. Bayo Onanuga, urged Atiku to admit his missteps and follow the experts. back on the path of growth and prosperity.

Former Vice President Atiku Abubakar's Special Assistant on Public Communication, Phrank Shaibu, has revealed 10 major lies about the President Bola Tinubu administration. He argues that these lies were part of Tinubu's propaganda plan to deceive Nigerians and that the government's apologies were only for being caught. Shaibu advises the media to fact-check government claims to maintain credibility. He criticizes the Central Bank of Nigeria for injecting $10 billion into the foreign exchange market as part of Tinubu's propaganda.

Despite disputing the stated results of the Independent National Electoral Commission, Captain Joe Agada and Captain Joe Agada, the PDP candidates for Atiku Abubakar, agreed to signing the results of the presidential election on February 25. Over 20 voting places allegedly had irregularities, and the majority of PDP agents allegedly refused to sign the results. He stated he was compelled to sign since failing to do so would result in his party not receiving a copy. Agada, the witness, said that he didn't express his complaints about the election. He based his report on his own observations as well as data from other party agents. Collation Officer Dr. Solarin Adekunle alleged that President Tinubu and the APC had the election results rigged in their favour.

Pastor Tunde Bakare, overseer of the Citadel Global Community Church, criticized President Bola Tinubu's suspension of Governor Godwin Emefiele as a political vendetta. He argued that Tinubu's war against corruption is driven by a clampdown on perceived adversaries, while other enemies remain unaffected. Bakare warned that Nigeria is regressing forcefully under Tinubu's leadership, with politics of entitlement causing an imperial presidency. He called for stakeholders to listen attentively and address the country's socioeconomic and political Euroclydon.

Pastor Tunde Bakare, overseer of the Citadel Global Community Church, criticized President Bola Tinubu's suspension of Governor Godwin Emefiele as a political vendetta. He argued that Tinubu's war against corruption is driven by a clampdown on perceived adversaries, while other enemies remain unaffected. Bakare warned that Nigeria is regressing forcefully under Tinubu's leadership, with politics of entitlement causing an imperial presidency. He called for stakeholders to listen attentively and address the country's socioeconomic and political Euroclydon.

Pastor Tunde Bakare, overseer of the Citadel Global Community Church, criticized President Bola Tinubu's suspension of Governor Godwin Emefiele as a political vendetta. He argued that Tinubu's war against corruption is driven by a clampdown on perceived adversaries, while other enemies remain unaffected. Bakare warned that Nigeria is regressing forcefully under Tinubu's leadership, with politics of entitlement causing an imperial presidency. He called for stakeholders to listen attentively and address the country's socioeconomic and political Euroclydon.

Pastor Tunde Bakare, overseer of the Citadel Global Community Church, criticized President Bola Tinubu's suspension of Governor Godwin Emefiele as a political vendetta. He argued that Tinubu's war against corruption is driven by a clampdown on perceived adversaries, while other enemies remain unaffected. Bakare warned that Nigeria is regressing forcefully under Tinubu's leadership, with politics of entitlement causing an imperial presidency. He called for stakeholders to listen attentively and address the country's socioeconomic and political Euroclydon.

Pastor Tunde Bakare, serving overseer of the Citadel Global Community Church, has described the suspension of Governor Godwin Emefiele by the Department of State Services (DSS) as a political vendetta by President Bola Tinubu. Bakare argued that the current president's war against corruption is primarily motivated by a clampdown on perceived political adversaries while other enemies of Nigeria remain untouched. Bakare also warned that Nigeria is regressing forcefully in a frantic race to the bottom on Tinubu's watch. He criticized Tinubu's presidential style as "leadership by impulse" and warned that Nigeria is regressing forcefully in a frantic race to the bottom. Bakare recalled warnings earlier that the politics of entitlement, or "emi lo kan," would breed an imperial presidency that would slide towards dictatorship and be intolerant of dissent. Bakare urged stakeholders of the All Progressives Congress (APC) to listen attentively and take this address as a wake-up call to salvage a ship drifting in a socioeconomic and political Euroclydon. He condemned the thoughtless removal of petrol subsidies and placing military option before diplomacy in managing the military's takeover in Niger Republic as cases of Tinubu's leadership by impulse, which he argued had unwittingly plunged Nigeria into chaos.

The National Sugar Development Council (NSDC) has emphasized the importance of self-sufficiency in sugar production as a top priority for the country. The council aims to achieve a production capacity of two million metric tonnes of sugar by 2032, with ongoing reforms and operators' expansion strategies expected to create thousands of quality jobs for Nigerians. Sugar operators have agreed to pool resources towards the development of host communities through regulatory interventions, which will further douse current hostilities. The council has identified 14 new greenfield sites with high viability for sugar production, and has engaged operators to ensure community acceptance. The council has also engaged with governors of host states to create a friendly environment for investors.

The Independent National Electoral Commission (INEC) plans to hold mock elections in Bayelsa, Imo, and Kogi state on October 14, 2023, before the November 11 governorship elections. The elections will use the Bimodal Voter Accreditation System and will be held simultaneously. The US Consulate-General in Nigeria is monitoring Bayelsa State's activities, expecting a peaceful outcome. Governor Douye Diri is optimistic about the US delegation's motivation and contribution to democracy.

The Central Bank of Nigeria (CBN) has released three circulars on foreign exchange (FX) to address the country's currency depreciation. Despite the fire-fighting measures, the official naira exchange rate to the dollar closed at N1,537.96/$, while at the parallel FX market it closed at an all-time low of N1650 to a dollar last Friday. Liquidity remains a major challenge in the FX market, and the forces of demand and supply will naturally play out.
Inflationary pressure has worsened the increasing tension and depreciation of the naira, as the consumer price index (CPI) climbed to a 28-year high of 29.9% in January. The food inflation rate increased by 11.10% year-on-year to 35.41 percent, compared to 24.32 percent in January 2023. The country's high import dependence explains why the exchange rate is often the bellwether for Nigeria's economic health, and why there is a swift pass-through of exchange rate movements to inflation, contributing to the economic hardship in the land. The CBN Governor, Mr. Olayemi Cardoso, and his colleagues at the apex bank are calling for banks to take responsibility and seek ways to address the supply gap in the market. They have lifted restrictions placed on access to FX for 43 items previously prohibited from accessing FX from the official market, cleared the country's FX liabilities across various sectors, directed banks to limit the Net Open Position (NOP) of their overall foreign currency assets, and removed the allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs).

The Central Bank of Nigeria (CBN) is working to integrate the final copy of the National Financial Literacy Curriculum into schools' academic calendars by October 2024. The curriculum, which is still being drafted, aims to teach students about money management, frauds, saving, and investing for their future. The CBN Deputy Governor, Financial System Stability, Philip Ikeazor, stressed the importance of instilling financial literacy early in students' lives, stating that having an income and making a substantial amount of money does not guarantee financial security. He also highlighted the importance of knowing the types of frauds and scams, how to respond to scammers, and various ways to protect money both online and offline. He also stressed the need to report to a bank if they encounter scammers or fraudsters. The CBN Head, Consumer Education and Evaluation Division, Consumer Protection Department (CPD), Gbadamosi Lawal Lanre, emphasized the importance of financial literacy in Nigeria's financial well-being. The CBN collaborates with the Bankers' Committee Sub-Committee on Financial Literacy and Public Enlightenment (FLPE) and various stakeholders to ensure the success of the Global Money Week (GMW) celebrations in Nigeria.

The Civil Society Legislative Advocacy Centre (CISLAC) has accused President Bola Ahmed Tinubu of appointing individuals suspected of corruption or under investigation by anti-graft agencies into leadership positions. The appointments spread across political party levels, executive, and legislative arms of government. CISLAC Executive Director Auwal Musa Rafsanjani expressed concerns about the impact on anti-corruption agencies' morale. The list of alleged corrupt individuals shows a lack of care for integrity in governance and may turn public outcry on key issues, particularly the fight against corruption. The list also includes an ex-Governor accused of aiding a former military ruler to launder Nigeria's wealth abroad and a politician with a case to answer with the Economics and Financial Crimes Commission. The assemblage of alleged corrupt individuals shows Tinubu's lack of concern for public demand for a sane and responsible government. The corruption scandals have contributed to insecurity, poverty, and the collapse of education, healthcare, and infrastructure.

Nigeria's Comptroller-General of Customs, Adewale Adeniyi, has urged the deployment of the Authorised Economic Operators (AEO) programme to improve trade facilitation efficiency and predictability. AEO status is an internationally recognized standard indicating secure business roles in the international supply chain. The programme will foster collaboration between the service, Other Government Agencies (OGAs), and experts to boost AEO programmes. Adeniyi stressed the need to work together to improve the ease of doing business in and around Nigerian ports. The NCS launched a Time Release Study in February 2024 to optimize the trading experience. Adeniyi assured stakeholders that the customs service is prepared to run the AEO pilot programme, starting on April 15, 2024. He emphasized the importance of transparency, inclusivity, and collaboration while aligning with international standards.

Nigeria's Executive Vice-Chairman, Prof. Umar Danbatta, announced plans to improve digital inclusion, cyberspace security, and innovation at the Parliamentarian Africa Internet Governance Forum. He highlighted the government's telco-driven financial inclusion strategy, making mobile money penetration rise. He also emphasized the need for a unified African cybersecurity approach.

Nigeria's National Executive Council (NEC) meeting is set to decide on the planned nationwide strike by the Nigeria Labour Congress (NLC). The NLC has requested the release of detained National Union of Road Transport Workers (NURTW) members, which was one of their demands. The federal government has appealed to the NLC to reconsider its strike threat.

The Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS) will meet in Abuja to discuss the situation following the expiration of a seven-day ultimatum issued to the Niger Republic's military junta. The closure of Niger's airspace was cited for security reasons, including a planned invasion by a foreign power. The junta received support from Nigerians and fellow military leaders in Mali and Burkina Faso. Air France has suspended flight service to Mali and Burkina Faso, and flights to Nigeria from Europe and the US may be affected by longer hours. The closure of Niger's airspace has added to African airspace disruptions, including Libya and Sudan. The US government has suspended aids for Niger pending President Mohamed Bazoum's reinstatement.

Emir of Kano, Alh. Aminu Ado Bayero, has urged Nigerians to adopt insurance as a means of mitigating loss, particularly business and property losses. Bayero praised the National Insurance Commission (NAICOM) for its efforts in developing the Nigerian insurance market and emphasized that insurance is an important aspect of human life. He thanked the Commission for their visit and pledged to support insurance deepening in Nigeria. The NAICOM team also visited NASARAWA State Governor Abdullahi Sule to inform stakeholders about compulsory insurance benefits.

Access Holdings CEO Herbert Wigwe, a strong leader with a compassionate heart, has transformed the bank from a small bank in 2002 to a financial supermarket. He has consistently contributed to the country's economic growth and met stakeholder expectations in terms of profitability, environmental sustainability, and social relevance. Wigwe's unique leadership style has taught him to raise the bar and stretch himself beyond limits, demonstrating the importance of compassion and tolerance in leadership.Herbert Wigwe, MD and CEO of Access Bank, has built the momentum that has grown into Access Holdings. After acquiring Diamond Bank, the bank has expanded to more regions in Africa, including Cameroon, Zambia, Kenya, South Africa, and China. Herbert also made significant moves with Access Holdings, such as acquiring Standard Chartered's shareholding in subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, as well as its consumer, private, and business banking business in Tanzania. Access Holdings is also taking over the African market, with Herbert's recent acquisitions of Sigma Pension and First Guarantee Pension, boosting Access Pensions' ranking as the third-largest pension company in terms of asset value. Herbert's impeccable work ethics and goal-getter mindset have sprung the wings of greatness for Access Corporation and those who work with him.

President Bola Tinubu yesterday pledged to ensure competition in the oil and gas industry in the country, following a visit by officials of ExxonMobil Nigeria, to the State House in Abuja.

None of the parties at the meeting disclosed details of the issues discussed, but THISDAY recalls that a pending matter which could not be resolved by the Muhammadu Buhari administration was the $1.3bn assets sale imbroglio between the company and Seplat Energy Plc on the one hand and the Nigerian National Petroleum Company Limited (NNPC) on the other.

While the acquisition had been scheduled to be completed in the second half of 2022, with Buhari initially giving approval in August 2022, he reversed the decision after the industry regulator, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) disagreed with the takeover. The NNPC insists that it has first refusal rights and has since then blocked the deal between Seplat and ExxonMobil, maintaining that the company has a right to take over the 40 per cent stake for itself.

Nigeria's President, Bola Ahmed Tinubu, has appointed Dr. Olayemi Michael Cardoso as the new governor of the Central Bank of Nigeria (CBN). Cardoso will lead the bank for five years, pending Senate confirmation. His appointment aligns with Tinubu's 'Renewed Hope' agenda, aiming to revitalize the economy and build confidence. Cardoso, a Nigerian finance and public policy expert, has made significant contributions to the private and public sectors.

The federal government has begun designing the 1,000-kilometer Sokoto-Badagry highway, following President Bola Tinubu's directive. The project will cover the old African trade route of Sokoto, Kebbi, Niger, Kwara, Ondo, Oyo, Ogun, Lagos States, connecting to Badagry in Lagos. The government has committed to completing the Abuja-Kaduna-Katsina-Kano federal highway within record time. The project will be started in three sections, with the first section completed by Dangote Group of Companies on Tax Credit, the next 82 kilometers by Julius Berger, and the last 20 kilometers by BUA. The governor of Kaduna State, Senator Uba Sani, commended the President's initiative to construct the Lagos-Calabar road and the Sokoto-Badagry road, stating that the projects would enhance the country's socio-economic potential.

The federal government has reported an active diphtheria outbreak in 25 Local Government Areas (LGAs) in four states, including Bauchi, Katsina, Yobe, and Kaduna. The Federal Ministry of Health is working with the National Primary Healthcare Development Agency (NPHCDA), the Nigeria Centre for Disease Control (NCDC), states, and partners to effectively check the outbreak. A comprehensive response plan has been activated to ensure early detection, containment of cases, and preventing further transmission through a multi-phased response strategy. The 171 LGAs in 14 states are at high risk of further spread. The partnership aims to achieve intensified mass vaccination of identified populations at risk to curb the ongoing diphtheria outbreak. The immediate phase one response 5-days reactive catch-up campaign is planned for the affected 25 LGAs in four states from August 7th, targeting children under 14 years old. The full three rounds of the catch-up campaign are being prioritized in 14 states. The risk of death is higher in partially vaccinated or unvaccinated children.

The federal government has declared Monday, June 12, 2023, as a public holiday in commemoration of this year’s Democracy Day celebration.
The declaration was communicated in a statement yesterday, by the Permanent Secretary in the Ministry of Interior, Dr. Oluwatoyin Akinlade, who congratulated all Nigerians on the occasion.

The statement read: “Nigeria’s democratic journey has, like in many other climes, encountered both stormy and smooth sails, but the ship of State, it’s institutions and most importantly, the Nigerian people have remained steadfast on the tenets of democratic governance.

The Nigeria Social Insurance Trust Fund (NSITF) and the Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) and the National Union of Banks, Insurance and Financial Employees (NUIBFIE) have resolved key issues in an industrial dispute. The Permanent Secretary invited the parties to a conciliation meeting, where most issues were resolved. Unremitted pensions and NHF deductions will be remitted in 15 months. However, a Memorandum of Understanding was not signed due to disagreements over union demands.

Nigeria's Minister of State for Labour and Employment, Nkeiruka Onyejeocha, has called for a stronger partnership with Germany's government on migration. The Nigerian-German Centre for Migration and Development (NGC) was established in 2018, funded by the German Federal Ministry for Economic Cooperation and Development, and implemented by GIZ. The collaboration has supported capacity building, policy development, and awareness campaigns around migration. Onyejeocha highlighted the achievements of the programme, including 320,000 individuals receiving individual support measures, 37,600 beneficiaries securing employment, 53,300 launching businesses, and 63,000 receiving individual counselling. She called for further collaboration and proposed bilateral labour migration agreements, or Memoranda of Understanding, to facilitate regulated labour migration, benefiting both nations.

Nigeria's Minister of State for Labour and Employment, Nkeiruka Onyejeocha, has called for a stronger partnership with Germany's government on migration. The Nigerian-German Centre for Migration and Development (NGC) was established in 2018, funded by the German Federal Ministry for Economic Cooperation and Development, and implemented by GIZ. The collaboration has supported capacity building, policy development, and awareness campaigns around migration. Onyejeocha highlighted the achievements of the programme, including 320,000 individuals receiving individual support measures, 37,600 beneficiaries securing employment, 53,300 launching businesses, and 63,000 receiving individual counselling. She called for further collaboration and proposed bilateral labour migration agreements, or Memoranda of Understanding, to facilitate regulated labour migration, benefiting both nations.

The Federation Account Allocation Committee (FAAC) disbursed N 786.161 billion in May 2023 federation account revenue to stakeholders. The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit consumption tax to the informal sector. The total distributable revenue included statutory revenue of N519.545 billion, VAT revenue of N251.607 billion, Electronic Money Transfer Levy (EMTL) of N14.370 billion, and Exchange Difference revenue of N0.639 billion. The total deductions for cost of collection were N38.238 billion, while total deductions for transfers and refunds were N163.193 billion. The gross statutory revenue for May was N701.787 billion, surpassed by April's N217.743 billion. The distributable VAT revenue for May was N251.607 billion, with the federal government receiving N37.741 billion, states receiving N125.804 billion, and local government councils receiving N88.062 billion. The ECA balance stood at $473,754.57 as of June 22, 2023. The FIRS aims to improve VAT remittance by the informal sector through a new initiative called the VAT DIRECT Initiative (VDI).

The Federation Account Allocation Committee (FAAC) disbursed N 786.161 billion in May 2023 federation account revenue to stakeholders. The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit consumption tax to the informal sector. The total distributable revenue included statutory revenue of N519.545 billion, VAT revenue of N251.607 billion, Electronic Money Transfer Levy (EMTL) of N14.370 billion, and Exchange Difference revenue of N0.639 billion. The total deductions for cost of collection were N38.238 billion, while total deductions for transfers and refunds were N163.193 billion. The gross statutory revenue for May was N701.787 billion, surpassed by April's N217.743 billion. The distributable VAT revenue for May was N251.607 billion, with the federal government receiving N37.741 billion, states receiving N125.804 billion, and local government councils receiving N88.062 billion. The ECA balance stood at $473,754.57 as of June 22, 2023. The FIRS aims to improve VAT remittance by the informal sector through a new initiative called the VAT DIRECT Initiative (VDI).

President Bola Tinubu has been granted relief by US District Court Judge Nancy Maldonado, who halted the release of his university records to PDP candidate Atiku Abubakar. The court ordered Chicago State University to release the records within 48 hours, citing alleged perjury and forgery of his CSU certificate. Atiku's lawyers are expected to respond to the court's recommendation by September 25, 2023.

France plans to withdraw 1,500 troops from Niger following a July coup, a significant blow to French influence and counter-insurgency operations in the Sahel region. Macron refuses to recognize the junta as Niger's legitimate authority and will coordinate troop withdrawal with coup leaders. France's military base in Niger has become a hub of anti-French protests.

Rivers State Governor Siminalayi Fubara visited the residential quarters of members of the State House of Assembly in Port Harcourt, Nigeria, just 24 hours after the local government bill was re-enacted. The displaced speaker, Martin Amaewhule, has criticized Fubara for his actions, claiming he is becoming a "law breaker." The Amaewhule faction of the legislature has warned that no individual can hold any local government council to ransom. Meanwhile, Chairman of the Board of Trustees of the Peoples Democratic Party (PDP), Senator Adolphus Wabara, has appealed to President Bola Ahmed Tinubu to rein in Minister Nyesom Wike to prevent a conflagration in Rivers State. The governor's recent actions have been criticized by local government council chairmen, who have challenged Fubara on their tenure expiration. Meanwhile, the Rivers State House of Assembly Quarters was consolidated by 27 pro-Wike lawmakers at their 175th sitting, aiming to provide a more efficient and effective management of council staff.

•WTO unveils 2023 world trade report, makes case for ‘re-globalisation’ amid signs of fragmentation

Obinna Chima in Geneva

Former Prime Minister of the United Kingdom, Gordon Brown, yesterday, stressed the need for what he termed a “new multilateralism,” so as to address global challenges, such as poverty, financial and climate crises, among others, as well as build stronger collaboration among countries and institutions.

Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, also called for increased global trade and economic ties that would foster peace and shared prosperity.

Speaking during the “Presidential Lecture Series” at the ongoing 2023 WTO’s Global Public Forum in Geneva, Switzerland, Brown pointed out that international cooperation needed to be forged by countries and institutions even against the odds.

According to him, “Today, we have to learn from the mistakes of the past and we have to do things better. That is why I think we need to think of where we are.

“Our generation’s problem cannot be resolved by nations staying on their own. However big and powerful they are, they cannot even be resolved by bilateral and regional interventions, however well meaning.

“Climate change, pandemics, financial contagion and other problems can only be addressed by globally coordinated actions involving all us.

“So, we need to engage all countries in the search for global responses for global problems. Without this, we cannot be sure that climate change can ever be addressed, pandemics ever effectively controlled, financial contagion averted and global injustices properly addressed.”

Brown said there was need to also seek revitalised global institutions.

He stated, “We must come together in dialogue to scrutinise the ideas we have so that we can get the right answers. That is because there are many bold and interesting initiatives that had been floated that need to be effectively managed together.

“There is need for reform agenda for the multilateral institutions so as to address global challenges and promote prosperity.

“With a new multilateralism, Africa will have a new bargaining power, not just for its mineral resources, but for its markets.

“The bigger reason why Africa should support new multilateralism is that the scale of resources required to mitigate and adapt to climate change cannot be met without massive global support.”

On her part, Okonjo-Iweala called for increased global trade, in her statement in the 2023 edition of the WTO’s World Trade Report launched in Geneva, yesterday.

The report showed that international trade had exhibited remarkable resilience, swiftly recovering from the COVID-19 pandemic and adapting to the war in Ukraine. It noted that trade was crucial during the pandemic for scaling up production of medical supplies and vaccines and for bringing them to where they were needed.

The statement said, “The post-1945 international economic order was built on the idea that interdependence among nations through increased trade and economic ties would foster peace and shared prosperity.

“For most of the past 75 years, this idea guided policymakers, and helped lay the foundation for an unprecedented era of growth, higher living standards and poverty reduction.”

Okonjo-Iweala stated, “Today, this vision is under threat, as is the future of an open and predictable global economy.

“The WTO is not perfect – far from it. But the case for strengthening the trading system is far stronger than the case for walking away from it.”

She said closer economic integration had led to massive reduction in the share of the global population living in extreme poverty and deprivation. The WTO boss, however, pointed out that integration and income convergence had been much slower in some developing economies, particularly in Africa.

According to her, “Within countries, the inequality picture is more mixed. Several economies have experienced adjustment challenges from rapid and pronounced shifts in global trade flows, notably those linked to China’s rapid ascent as a major trading power, following its 2001 accession to the WTO.

“While in some members, increased trade came along with increased within-country inequality, in others, more trade came with increased economic inclusion.”

Okonjo-Iweala warned that a retreat from economic integration could roll back recent development gains, make it harder for countries to grow their way out of poverty, and harm future economic prospects for the poorest people the most.

“Fragmentation in global trade would also make it harder to meet environmental challenges,” she said, stressing that many of the biggest challenges could only be effectively solved through global cooperation.

Speaking during a media briefing to launch the report, Chief Economist of the WTO, Ralph Ossa, noted that re-globalisation offered a better path forward.

Ossa explained that starting with an analysis of the current state of globalisation, the report confirmed that geopolitical tensions were beginning to affect trade flows, including in ways that pointed towards fragmentation of trading relationships.

The WTO chief economist stated, “WTO Secretariat calculations find, for example, that goods trade flows between two hypothetical geopolitical blocs – based on voting patterns at the UN General Assembly – have grown 4-6 per cent more slowly than trade within these blocs.

“However, the report contends that, despite these findings, international trade continues to thrive, implying that talk of de-globalisation is on balance still not supported by the data.

“The publication points to the expansion of digital services trade, environmental goods trade, and global value chains in addition to the resilience of trade to recent global crises.

“The report goes on to examine the relationship between economic integration and three major challenges facing today’s global economic order: security and resilience, poverty and inclusiveness, and environmental sustainability – areas, in which arguments have gained ground that globalisation has not delivered as expected or exposes countries to excessive risks.

“Looking at the evidence, the report makes the case that ‘re-globalisation’, which is the renewed drive towards integrating more people, economies and pressing issues into world trade, is a more promising solution to these issues than fragmentation.

“The report shows that trade openness is strongly linked with a reduced likelihood of conflict and has led to sharp declines in poverty for over four decades.

“Also, technology improvements enabled by trade have had a strong impact in reducing carbon emissions.

“Finally, the report emphasises the need for more trade and more cooperation to effectively address the major issues that policymakers are facing the world over – from security to inclusiveness to climate change.”

•WTO unveils 2023 world trade report, makes case for ‘re-globalisation’ amid signs of fragmentation

Obinna Chima in Geneva

Former Prime Minister of the United Kingdom, Gordon Brown, yesterday, stressed the need for what he termed a “new multilateralism,” so as to address global challenges, such as poverty, financial and climate crises, among others, as well as build stronger collaboration among countries and institutions.

Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, also called for increased global trade and economic ties that would foster peace and shared prosperity.

Speaking during the “Presidential Lecture Series” at the ongoing 2023 WTO’s Global Public Forum in Geneva, Switzerland, Brown pointed out that international cooperation needed to be forged by countries and institutions even against the odds.

According to him, “Today, we have to learn from the mistakes of the past and we have to do things better. That is why I think we need to think of where we are.

“Our generation’s problem cannot be resolved by nations staying on their own. However big and powerful they are, they cannot even be resolved by bilateral and regional interventions, however well meaning.

“Climate change, pandemics, financial contagion and other problems can only be addressed by globally coordinated actions involving all us.

“So, we need to engage all countries in the search for global responses for global problems. Without this, we cannot be sure that climate change can ever be addressed, pandemics ever effectively controlled, financial contagion averted and global injustices properly addressed.”

Brown said there was need to also seek revitalised global institutions.

He stated, “We must come together in dialogue to scrutinise the ideas we have so that we can get the right answers. That is because there are many bold and interesting initiatives that had been floated that need to be effectively managed together.

“There is need for reform agenda for the multilateral institutions so as to address global challenges and promote prosperity.

“With a new multilateralism, Africa will have a new bargaining power, not just for its mineral resources, but for its markets.

“The bigger reason why Africa should support new multilateralism is that the scale of resources required to mitigate and adapt to climate change cannot be met without massive global support.”

On her part, Okonjo-Iweala called for increased global trade, in her statement in the 2023 edition of the WTO’s World Trade Report launched in Geneva, yesterday.

The report showed that international trade had exhibited remarkable resilience, swiftly recovering from the COVID-19 pandemic and adapting to the war in Ukraine. It noted that trade was crucial during the pandemic for scaling up production of medical supplies and vaccines and for bringing them to where they were needed.

The statement said, “The post-1945 international economic order was built on the idea that interdependence among nations through increased trade and economic ties would foster peace and shared prosperity.

“For most of the past 75 years, this idea guided policymakers, and helped lay the foundation for an unprecedented era of growth, higher living standards and poverty reduction.”

Okonjo-Iweala stated, “Today, this vision is under threat, as is the future of an open and predictable global economy.

“The WTO is not perfect – far from it. But the case for strengthening the trading system is far stronger than the case for walking away from it.”

She said closer economic integration had led to massive reduction in the share of the global population living in extreme poverty and deprivation. The WTO boss, however, pointed out that integration and income convergence had been much slower in some developing economies, particularly in Africa.

According to her, “Within countries, the inequality picture is more mixed. Several economies have experienced adjustment challenges from rapid and pronounced shifts in global trade flows, notably those linked to China’s rapid ascent as a major trading power, following its 2001 accession to the WTO.

“While in some members, increased trade came along with increased within-country inequality, in others, more trade came with increased economic inclusion.”

Okonjo-Iweala warned that a retreat from economic integration could roll back recent development gains, make it harder for countries to grow their way out of poverty, and harm future economic prospects for the poorest people the most.

“Fragmentation in global trade would also make it harder to meet environmental challenges,” she said, stressing that many of the biggest challenges could only be effectively solved through global cooperation.

Speaking during a media briefing to launch the report, Chief Economist of the WTO, Ralph Ossa, noted that re-globalisation offered a better path forward.

Ossa explained that starting with an analysis of the current state of globalisation, the report confirmed that geopolitical tensions were beginning to affect trade flows, including in ways that pointed towards fragmentation of trading relationships.

The WTO chief economist stated, “WTO Secretariat calculations find, for example, that goods trade flows between two hypothetical geopolitical blocs – based on voting patterns at the UN General Assembly – have grown 4-6 per cent more slowly than trade within these blocs.

“However, the report contends that, despite these findings, international trade continues to thrive, implying that talk of de-globalisation is on balance still not supported by the data.

“The publication points to the expansion of digital services trade, environmental goods trade, and global value chains in addition to the resilience of trade to recent global crises.

“The report goes on to examine the relationship between economic integration and three major challenges facing today’s global economic order: security and resilience, poverty and inclusiveness, and environmental sustainability – areas, in which arguments have gained ground that globalisation has not delivered as expected or exposes countries to excessive risks.

“Looking at the evidence, the report makes the case that ‘re-globalisation’, which is the renewed drive towards integrating more people, economies and pressing issues into world trade, is a more promising solution to these issues than fragmentation.

“The report shows that trade openness is strongly linked with a reduced likelihood of conflict and has led to sharp declines in poverty for over four decades.

“Also, technology improvements enabled by trade have had a strong impact in reducing carbon emissions.

“Finally, the report emphasises the need for more trade and more cooperation to effectively address the major issues that policymakers are facing the world over – from security to inclusiveness to climate change.”

•WTO unveils 2023 world trade report, makes case for ‘re-globalisation’ amid signs of fragmentation

Obinna Chima in Geneva

Former Prime Minister of the United Kingdom, Gordon Brown, yesterday, stressed the need for what he termed a “new multilateralism,” so as to address global challenges, such as poverty, financial and climate crises, among others, as well as build stronger collaboration among countries and institutions.

Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, also called for increased global trade and economic ties that would foster peace and shared prosperity.

Speaking during the “Presidential Lecture Series” at the ongoing 2023 WTO’s Global Public Forum in Geneva, Switzerland, Brown pointed out that international cooperation needed to be forged by countries and institutions even against the odds.

According to him, “Today, we have to learn from the mistakes of the past and we have to do things better. That is why I think we need to think of where we are.

“Our generation’s problem cannot be resolved by nations staying on their own. However big and powerful they are, they cannot even be resolved by bilateral and regional interventions, however well meaning.

“Climate change, pandemics, financial contagion and other problems can only be addressed by globally coordinated actions involving all us.

“So, we need to engage all countries in the search for global responses for global problems. Without this, we cannot be sure that climate change can ever be addressed, pandemics ever effectively controlled, financial contagion averted and global injustices properly addressed.”

Brown said there was need to also seek revitalised global institutions.

He stated, “We must come together in dialogue to scrutinise the ideas we have so that we can get the right answers. That is because there are many bold and interesting initiatives that had been floated that need to be effectively managed together.

“There is need for reform agenda for the multilateral institutions so as to address global challenges and promote prosperity.

“With a new multilateralism, Africa will have a new bargaining power, not just for its mineral resources, but for its markets.

“The bigger reason why Africa should support new multilateralism is that the scale of resources required to mitigate and adapt to climate change cannot be met without massive global support.”

On her part, Okonjo-Iweala called for increased global trade, in her statement in the 2023 edition of the WTO’s World Trade Report launched in Geneva, yesterday.

The report showed that international trade had exhibited remarkable resilience, swiftly recovering from the COVID-19 pandemic and adapting to the war in Ukraine. It noted that trade was crucial during the pandemic for scaling up production of medical supplies and vaccines and for bringing them to where they were needed.

The statement said, “The post-1945 international economic order was built on the idea that interdependence among nations through increased trade and economic ties would foster peace and shared prosperity.

“For most of the past 75 years, this idea guided policymakers, and helped lay the foundation for an unprecedented era of growth, higher living standards and poverty reduction.”

Okonjo-Iweala stated, “Today, this vision is under threat, as is the future of an open and predictable global economy.

“The WTO is not perfect – far from it. But the case for strengthening the trading system is far stronger than the case for walking away from it.”

She said closer economic integration had led to massive reduction in the share of the global population living in extreme poverty and deprivation. The WTO boss, however, pointed out that integration and income convergence had been much slower in some developing economies, particularly in Africa.

According to her, “Within countries, the inequality picture is more mixed. Several economies have experienced adjustment challenges from rapid and pronounced shifts in global trade flows, notably those linked to China’s rapid ascent as a major trading power, following its 2001 accession to the WTO.

“While in some members, increased trade came along with increased within-country inequality, in others, more trade came with increased economic inclusion.”

Okonjo-Iweala warned that a retreat from economic integration could roll back recent development gains, make it harder for countries to grow their way out of poverty, and harm future economic prospects for the poorest people the most.

“Fragmentation in global trade would also make it harder to meet environmental challenges,” she said, stressing that many of the biggest challenges could only be effectively solved through global cooperation.

Speaking during a media briefing to launch the report, Chief Economist of the WTO, Ralph Ossa, noted that re-globalisation offered a better path forward.

Ossa explained that starting with an analysis of the current state of globalisation, the report confirmed that geopolitical tensions were beginning to affect trade flows, including in ways that pointed towards fragmentation of trading relationships.

The WTO chief economist stated, “WTO Secretariat calculations find, for example, that goods trade flows between two hypothetical geopolitical blocs – based on voting patterns at the UN General Assembly – have grown 4-6 per cent more slowly than trade within these blocs.

“However, the report contends that, despite these findings, international trade continues to thrive, implying that talk of de-globalisation is on balance still not supported by the data.

“The publication points to the expansion of digital services trade, environmental goods trade, and global value chains in addition to the resilience of trade to recent global crises.

“The report goes on to examine the relationship between economic integration and three major challenges facing today’s global economic order: security and resilience, poverty and inclusiveness, and environmental sustainability – areas, in which arguments have gained ground that globalisation has not delivered as expected or exposes countries to excessive risks.

“Looking at the evidence, the report makes the case that ‘re-globalisation’, which is the renewed drive towards integrating more people, economies and pressing issues into world trade, is a more promising solution to these issues than fragmentation.

“The report shows that trade openness is strongly linked with a reduced likelihood of conflict and has led to sharp declines in poverty for over four decades.

“Also, technology improvements enabled by trade have had a strong impact in reducing carbon emissions.

“Finally, the report emphasises the need for more trade and more cooperation to effectively address the major issues that policymakers are facing the world over – from security to inclusiveness to climate change.”

A statement issued by the spokesperson for Adeleke, causing unnecessary hardship for the people in the state. “This deliberate action is not only inhumane, but unpatriotic and will not be allowed by the government..

The House of Representatives Committee on Anti-Malaria, HIV/AIDS, and Tuberculosis has summoned the Minister of Health and Social Welfare, Prof. Mohammed Ali Pate, and the Permanent Secretary, Daju Kachollom, to appear before it over allegations of misappropriation of $300 million meant to fight malaria since 2021. The committee members have resolved that the Permanent Secretary should be arrested if she fails to honour the summons within 72 hours. The Chairman of the Committee, Hon. Amobi Godwin Ogah, expressed displeasure among his members over the absence of the Permanent Secretary and stressed that the cost for the procurement process of anti-malarial commodities by the Ministry was over $3 million. The committee received a petition from Seasons Law Firm on behalf of Rosies Textile Mills Limited, which petitioned the Ministry of Health and Permanent Secretary for denying indigenous manufacturers of insecticidal nets participation in the contract for the procurement of insecticidal nets and other related products. The House also urged the Federal Ministry of Industry, Trade, and Investment to immediately halt the signing and implementation of the trade partnership with the UK, to allow UK lawyers to practice in Nigeria, until the terms and conditions governing the agreement are fully examined and ascertained.

The Inspector General of Police and five others have been sued for allegedly violating the fundamental human rights of two investors, Ibrahim Shehu Tenimu and Jemima Monosoko Shehu, who claim to be Directors with Paz Oil Nigeria Limited. The plaintiffs allege that Dr. Kamoru Yusuf used police to intimidate and oppress them over a civil transaction. They seek a declaration of their rights and exemplary damages.

The International Monetary Fund (IMF) has warned that climate change poses risks to price and financial stability in Nigeria and other regional economies unless addressed. The IMF Resident Advisor, Vimal Thakoor, highlighted the importance of understanding these risks to formulate policies that promote financial stability, reduce inflation, and withstand climate shocks. Thakoor highlighted the need for access to financing to accelerate climate policy implementation in Nigeria and the region. The IMF advisor also highlighted the role of both the Ministry of Finance and the central bank in integrating climate policies into economic frameworks. The African Regional Technical Assistance Centre in West Africa (AFRITAC West 2) emphasized the need for a collaborative approach among countries to address climate change, given the anticipated increase in temperatures exceeding 1.5 degrees by 2027.

Dangote Cement Plc has denied selling a 50kg bag of cement at an exploitative rate in Nigeria and Benin. An investigation in Cotonou revealed that Dangote Cement was not on sale in the Republic of Benin or in Nigeria. The average price of a bag of cement in Benin was N6,216, while in Cotonou it was N6,068, and N6,660. Dangote Cement Plc clarified that its ex-factory prices differ from those of retailers selling cement in the market.

Catholic Archibishop of Abuja, Most Rev. Ignatius Kaigama, has urged states to ensure that financial assistance is distributed to the intended population to cushion the effects of the economic "wahala." He questioned whether the N5 billion allocated by the federal government to each state as palliatives would reach the people in need. Niger State Governor Alhaji Mohammed Umaru Bago warns that the palliatives are not sustainable and urges Nigerians to seek alternative means of addressing economic hardship. The Marine Crafts Builders Association (MCBA) advises the federal government to consider the needs of over 50 million Nigerians living in riverine communities, who need government assistance to cushion the effects of subsidy removal.

kano state Governor, ABBA Yusfus has inaugrated the recovered Hasiya Bayero pediatric hosiptal ,which would offer generalpediatric services, surgery, child immunisation, nutritional services, research and training. Addressing a mammoth crowd yesterday, at the hospital premises, located at kano city  center, yusfus, lamented that the facility was abondoned, just as all the equipment were also stolen during the previous administration.

The financial crisis and allegations of forgery against the National Chairman of the Labour Party, Julius Abure, are escalating in Nigeria. The suspended National Treasurer, Oluchi Oparah, has brought Abure and the Economic and Financial Crimes Commission (EFCC) to court, urging the court to compel the anti-graft body to investigate the national chairman. She also urged the court to quash her six months suspension by the party as she was not given a fair hearing before being suspended by the party leadership. A former acting national chairman, Maria Lebeke, has corroborated Oparah’s allegations by accusing Abure of forging her signature when she acted as national chairman after then leader, Abdulkadir Abdulsalam, died in December 2020. However, the plight of Abure worsened yesterday as chairmen of the party across the 36 states unanimously passed a vote of no confidence in him and asked him to step down with immediate effect.Oparah wrote a letter to the EFCC requesting a formal petition against the National Chairman of the Labour Party, Julius Abure, for several grievous offences bordering on forgery, embezzlement of the 3rd Defendant’s funds, and abuse of office and failure to account for the 3rd Defendant’s funds at his disposal. She stated that the most grievous act of impropriety by the 2nd Defendant pertains to his forgery of the signature of the late Alhaji Abdulsalam, 61 days after Abdulsalam’s death with which he withdrew monies from the account of the defendant.

The Senate President of Nigeria, Dr Ahmad Lawan, has sent his condolences to the family of late candidate Alhaji Bashir Othman Tofa, who died on Monday. Lawan prayed Allah to forgive his sins and accept his soul in Aljannah Firdausi. Thisday is a public trust dedicated to the pursuit of truth and reason covering a range of issues from breaking news to politics, business, the markets, the arts, sports and community.

The House of Representatives called for a forensic audit of rehabilitation projects at Port Harcourt, Warri, and Kaduna Refineries and Petrochemical Companies, citing omissions in NNPCL's submissions. The report revealed rehabilitation costs of N11.35 trillion over 13 years, with unproductive refineries causing losses. The report shows that NNPCL's refineries underperformed from 2010 to 2019, with annual combined capacity below 30%. The report recommends using the Petroleum Industry Act 2021 to accelerate rehabilitation and refunding $438,012.44 paid by FBNQuest Merchant Bank for unsuccessful rehabilitation.

Rescue teams in eastern Libya have retrieved the bodies of more than 1,000 victims from the rubble in a coastal city that has been inundated by devastating floods, an official said yesterday, after visiting the devastated area.

Authorities estimated that as many as 2,000 people were killed in the city of Derna alone from flooding brought by Mediterranean Storm Daniel.

A report from the CBS News quoted Libya envoy for the International Federation of Red Cross and Red Crescent Societies, Tamer Ramadan, to have said 10,000 people were missing after the unprecedented floods.

Speaking to reporters at a U.N. briefing in Geneva via videoconference from Tunisia, he said the death toll was “huge” and expected to reach into the thousands in the coming days.

“I returned from Derna. It is very disastrous. Bodies are lying everywhere — in the sea, in the valleys, under the buildings,” the Reuters news agency quoted Hichem Chkiouat, Minister of Civil Aviation and a member of the emergency committee for the administration in eastern Libya, to have said in a phone interview earlier.

“The number of bodies recovered in Derna is more 1,000,” he told Reuters, adding that it was too early to gauge the full scale of the loss of human lives, but that he expected it to be “really, really big.”

“I am not exaggerating when I say that 25 per cent of the city has disappeared,” Chkiouat added.

“Many, many buildings have collapsed.”

Ahmed al-Mosmari, a spokesman for the country’s armed forces based in the east, had said at a news conference on Monday that there were between 5,000 and 6,000 reported missing.

Al-Mosmari attributed the catastrophe to the collapse of two nearby dams, causing a lethal flash flood. Many towns in eastern Libya have been hit by the floods, but the worst destruction was in Derna, where heavy rainfall and floods broke the dams and washed away entire neighborhoods.

Ossama Hamad, prime minister of the east Libya government, said several thousand people were missing in the city and many were believed to have been carried away after two upstream dams burst.

After more than a decade of chaos, Libya remains divided between two rival administrations: one in the east and one in the west, each backed by militias and foreign governments.

The conflict had left the oil rich country with crumbling and inadequate infrastructure.

Derna residents posted videos online showing major devastation. Entire residential blocks were erased along Wadi Derna, a river that runs down from the mountains through the city center. Multi-story apartment buildings that once stood well back from the river were partially collapsed into mud.

Emergency responders, including troops, government workers, volunteers and residents were digging through the rubble to recover the dead. They also used inflatable boats to retrieve bodies from the water. Excavators and other equipment had yet to arrive in the city.

Residents described scenes of chaos when floods hit the center. They heard loud explosions at night and realised that dams outside the city collapsed, sending a wall of water that “erased everything in its way,” said Ahmed Abdalla, a Derna resident.

Workers said they had buried more than 200 bodies in one cemetery on Monday evening.

.Nigeria's naira has declined to N995 to a dollar on the parallel market arm of the foreign exchange market, weaker than the previous day's N990 to a dollar. The naira gained N33 naira on the Investors and Exporters FX window, closing at N738 to a dollar. Nigeria's Finance Minister, Olawale Edun, has said up to $6.8 billion of overdue forward payments need to be addressed before the naira stabilizes.

The Federal Inland Revenue Service (FIRS) is planning to eliminate multiple taxation in Nigeria to boost investment and improve tax revenue for critical infrastructure. The aim is to streamline taxes and block leakages, generating more revenue for all government levels. The FIRS is investing in partnerships with trade unions to bring the informal sector into the tax net and avoid taxing services and goods exempt from taxation. The Presidential Fiscal Policy and Tax Reforms Committee chairman, Taiwo Oyedele, urged the government to focus on high-yielding taxes, technology, constitutional review, and fiscal federalism.

Olanrewaju Smart predicts that the Chief of Staff to the President, Hon Femi Gbajabiamila, will change wrong narratives with her 39 years of experience in law and legislative practices. Gbajabiamila's ability to combine administrative and political powers, as well as her modest lifestyle, will ensure the President concentrates on state functions with minimal distractions.

Nigeria's transition process is underway with the inauguration of 45 ministers appointed by President Bola Tinubu to assist in policy formulation and campaign promises. The ministers will serve as an advisory body to the president and in policy formulation. Nigeria faces a precarious situation, with inflation at 24.08% and unemployment rising sharply. The new ministers will need to address issues such as trade policy alignment, Niger Delta's FCT Minister Nyesom Wike, South East's David Umahi, education, and health and social welfare. They will also address the country's poor health system, which contributes to high maternal mortality rates and the loss of medical practitioners to developed countries.Insecurity remains a significant challenge in Nigeria, with the Tinubu administration facing a surge in terrorist attacks. Over 100,000 insurgents have surrendered to the military, with protests over unpaid allowances. The new Ministers of Defence, State Defence, Police Affairs, and Police Affairs are expected to address security challenges, fund, equipment, and training issues.

The debate on minimum wage in Nigeria is creating more marginalized and oppressed Nigerians than expected. The Secretary to the Government of the Federation (SGN) claims that minimum wage is a political largesse and not a living wage. Governors like Obaseki and Makinde see minimum wage as a parameter to a living wage, not a living wage. In contrast, Gabon and Equatorial Guinea have higher GDP per capita and lower minimum wages. The SGF should release half of his drivers and allow them to work in a living wage business. The presumption that civil service work is not remunerated on efficiency or productive metrics is an indictment on the Civil Service Commission and the ruling elite. Civil servants should be seen as the conscience of the nation and employed based on raising the value systems of Nigeria. The debate on minimum wage paints Nigeria as a country of irremediable human and natural resource disaster, not capable of rising to the threshold of economic profitability.

According to the Nigerian Constitution, a National Assembly made up of a Senate and a House of Representatives has the authority to pass laws on behalf of the Federal Republic of Nigeria. Laws promoting stability, law and order, and effective governance may be passed by the National Assembly. However, lobbying and zoning have had an impact on the present leadership, which is led by Ahmed Lawan and Femi Gbajabiamila. The legislature is expected to endeavour to rein in executive excesses and assure equitable representation because it is modelled after the federal Congress of the United States. With 59 senators and 50 opposition parties, the 9th National Assembly has 66 seats in the Senate and 227 in the House of Representatives. The assembly struggles to establish itself as an independent body, and the ruling party is unable to compel a candidate.

The National Assembly of Nigeria resumes plenary after a 49-day annual recess, focusing on national challenges and foreign exchange instability. The assembly has signed legislation, requested N500 billion from the 2022 supplementary budget, and is ready to process feedback from over 220 million constituents. The President is expected to present a 2024 appropriation bill, address Africa's exploitation and integration into the global capitalist order.

The D-8 group of developing nations has called on all countries to stop supplying arms to Israel and the United States to lift its veto on the full membership of Palestine as an independent and sovereign state in the United Nations. Palestine is currently a non-member observer state, granted by the United Nations General Assembly in 2012. The group demanded an immediate, permanent, and unconditional ceasefire, cessation of Israeli aggression on the Palestinian people in Gaza, and the immediate implementation of relevant UN Resolutions. It also called on countries to ensure Israel strictly complied with provisional measures ordered by the International Court of Justice (ICJ), which required the regime to halt its offensive on Gaza and withdraw from the southern Gaza city of Rafah. The group condemned Israel for actions that could cause the war in Gaza to spread to other parts of the region, including "unjustifiable attacks" targeting the Iranian embassy in Damascus, Syria, in April. The United Nations General Assembly recently backed a Palestinian bid to become a full United Nations member.

Nigeria and South Korea want to strengthen their bilateral ties, especially in the political, economic, defence, and educational spheres. Vice Minister Choi Jong Kun of South Korea visited Nigeria, highlighting shared passions and opening up the possibility of new friendships. To further collaboration in a number of sectors, the two nations want to get together once more in October. Nigeria is faced with serious threats to international security, such as terrorism and piracy in the Sahel and Lake Chad Basin. Nigerian security personnel are dedicated to containing the problem and dealing with its core causes. Vice Minister Choi Jong Kun of South Korea expressed appreciation for Nigeria's welcome and hoped for future trade, education, and technological collaboration between the two countries. He has spent $200 million on the COVID-19 pandemic response in 53 African nations.

The Nigeria Liquefied Petroleum Gas Association (NLPGA) has proposed an N800 billion federal government funding intervention to accelerate Autogas deployment in Nigeria. The intervention aims to cushion the impact of high energy costs exacerbated by petrol subsidy removal and boost the country's transition to cleaner, more sustainable energy sources. The LPG industry in Nigeria recorded an impressive turnover of over N1 trillion in 2022, thanks to aggressive policies by the federal government between 2007 and 2022. The conference, titled "LPG - Bridging the Energy Transition," will make recommendations for the government's Autogas policy and rollout in Nigeria. The proposed palliatives cover petrol vehicles, tricycles, petrol generators, vans, and lorries, with incentives ranging from N200,000 to N50,000 and a duty levy and VAT waiver for 36 months' window for vans and lorries. The government should also consider intervening urgently with necessary policies to set the foundation for the looming industry in the next two years.

Nigeria's Nigeria Labour Congress (NLC) may declare an indefinite strike if no breakthrough in talks between the federal government and labour over relief measures following fuel subsidy removal is not made. The NLC has threatened a total shutdown of the country within 14-21 days unless steps are taken to address mass suffering and impoverishment.

Edo State Governor, Godwin Obaseki, has denied any plan to impeach his deputy, Rt. Hon. Comrade Philip Shaibu. He emphasized that the move by Shaibu seeking a court order to stop his purported impeachment is preemptive ahead of his defection to the All Progressives Congress (APC). The governor, who has given a broad latitude to his deputy, has been actively engaging with senior actors at the national and state level of the APC, negotiating his way into their party. He is at the verge of finalizing moves to defect to the APC. The governor believes that the court action taken is a shock and disappointment, as it is a preemptive move for Shaibu to conclude his work as deputy governor. He urged the people of Edo North to consolidate and unite their party to build a PDP that will continue to dominate the politics of Edo State and finish well so the people will continue to give them the mandate. The people of Edo North have met several times over a week to discuss the face-off between Governor Obaseki and Shaibu, but they turned down the offer for peace. The governor's decision to take the governor to court is unfortunate, and the people must speak out over the development.

Federal Capital Territory Minister Nyesom Wike has approved the immediate revocation of 165 plots of land in the serviced districts of the Federal Capital City. The action affected high-profile individuals such as Peter Obi, former Governor of Cross River State, and former Justice of Supreme Court and chairman of the National Political Reforms Conference. The Federal Capital Territory Permanent Secretary, Adesola Olusade, stated that the revoked plots belong to individuals and corporate organizations who have consistently failed to keep to the terms of agreement as contained in Section 28(5) (a) & (b) of the Land Use Act. The affected plots are situated within several districts in the Federal Capital City. Wike had previously vowed to revoke undeveloped plots and those whose ground rents had not been paid for years.

Delta State Governor Sheriff Oborevwori briefed President Bola Tinubu on the recent killing of 16 military personnel in Okuoma, Ughelli South Local Government Area of Delta State. The governor promised to end attacks in the area and assure that the killers of the military men would be brought to justice. The Senate commenced a probe into the March 14 killings, with President Godswill Akpabio condemning the killings and calling for an open-minded investigation. The House of Representatives mandated the armed forces to conduct a thorough investigation into the circumstances leading to the killings. Bayelsa State Governor Douye Diri and former Minister of State for Petroleum, Timipre Sylva, squabbled over comments made on the killings, as President of Ijaw Youth Council (IYC), Jonathan Lokpobiri, accused the Nigerian Army of carrying out reprisal attacks on the Egbomotoro II community in Bayelsa State as a result of the killing of military personnel in Delta State. Oborevwori dismissed the possibility of further attacks and assured that the situation was already under control.

Dr. Ngozi Okonjo-Iweala, the World Trade Organisation's Director General, emphasized the need for countries to ratify the fisheries subsidies agreement, stating that despite geopolitical tensions, the multilateral trading system remains resilient. She highlighted the importance of focusing on the 13th Ministerial Conference deliverables, taking responsibility for ocean over-fishing, and negotiating the second phase of fisheries subsidies.

Deputy Governor Lucky Aiyedatiwa has requested the Ondo State High Court to stop the Assembly from proceeding with the impeachment proceedings, while a group called Ondo Redemption Front (ORF) has called on the National Assembly to intervene. Aiyedatiwa has alleged threats to his life and strange calls. In a suit filed at the High Court, he argued that the Assembly was not competent to proceed on his impeachment, breaching his constitutional and fundamental rights to fair hearing.

The federal government has notified professional bodies and councils that it would cease to fund them beginning from the 2024 budget in line with the decisions of the Presidential Committee on Salaries (PCS). The move, THISDAY gathered yesterday, was in line with the recommendation in the Orosanye committee report and the recent Presidential Committee on Salaries. The Director General, Budget Office of the Federation (BoF), Mr. Ben Akabueze, conveyed the message via memos sent to the professional bodies. Professional bodies in Nigeria are largely responsible for research and technology development in their fields, relying on government funding to conduct ethical reviews and propose and promote new professional standards. There are over 100 professional bodies in the country. However, the development has generated mixed reactions from analysts who spoke to THISDAY. While some hailed the decision of the PSC, others warned the discontinuation may imperil the nation’s healthcare system.

Dr. Adebisi Osim has been appointed as the 18th president of the Association of Professional Women Engineers of Nigeria (APWEN). She pledges to increase the number of female engineers in Nigeria and promote innovation, inclusivity, and women's empowerment in the engineering field. Osim plans to use the organization's projects to encourage young girls to join the engineering family and emphasizes the association's impact on young girls' lives.

Ossiom Power in Benin City has commissioned a 40MW Independent Power Plant (IPP) to provide power to the Benin Industrial and Enterprise Park and local communities in Ologbo, Ikpoba Okha Local Government Area of Edo State. This is a testament to Governor Godwin Obaseki's pledge to light up Edo State. The BEP is a 997-hectare, mixed-use development designed to accommodate light industries and residential zones. Thisday is a public trust dedicated to the pursuit of truth and reason, covering a range of issues from breaking news to politics, business, the markets, the arts, sports and community. The 40MW plant was tested on 29th December and is now providing electricity to Ologbo and Obayantor communities in the area. Thisday is a public trust dedicated to the pursuit of truth and reason covering a range of issues.

•Says Asiwaju is working, Nigeria will work, advises Nigerians to be patient with president

Nigeria’s billionaire Chairman of Geregu Power Plc. and Director, FBN Holdings Plc., Mr. Femi Otedola, has hailed President Bola Tinubu for resolving the dispute between Nigeria and the United Arab Emirates (UAE), which had led to visa ban on Nigerians and withdrawal of both Etihad and Emirates airlines from flying in and out of Nigeria.

The resolution of the dispute followed Tinubu’s visit to the UAE president and subsequent negotiations, which led to the lifting of the visa ban and announcement of immediate resumption of air flights.

In a statement yesterday, Otedola hailed Tinubu for restoring the long standoff between the two countries.

Relations between Nigeria and UAE went sour under the Immediate past administration of President Muhammadu Buhari.

Otedola expressed optimism that Nigeria would regain its pride of place in the comity of nations.

He stated, “We must all commend Mr President for his shrewd diplomacy to finally resolve this matter inherited from the last administration. Only a leader who understands the importance of business would appreciate the enormous opportunities to be derived from restoring business relations between both countries.”

Otedola also commended Tinubu for his bold economic policies aimed at repositioning the country.

He said, “It must be pointed out that his bold policies since assuming office are the hallmark of a true leader who is not afraid or shy to take actions as long as such actions are in the national interest. Without a doubt, the current hardship will ease once these policies begin to bear fruit. I firmly believe the right measures are being taken and we are headed in the right direction.”

Otedola promised to invest more of his wealth in Nigeria following the deft moves by Tinubu since he assumed office, which had helped in restoring confidence in the management of the national economy.

“Asiwaju Tinubu is working, Nigeria will work. I advise my fellow countrymen and women to be patient,” Otedola said.

He added, “With Asiwaju’s policies, Nigeria will fully recover in a few years. We are witnessing the storm before the calm. Now, the storm is blowing away. I am certain, very soon, we’ll begin to experience the inevitable calm and the progress that will naturally follow in a very short while.

Otedola stated further regarding the announcement of restoration of visa services and flights, “One of the understated benefits of this announcement is its potential ability to transform the stock exchange. Middle Eastern investors remain one of the most liquid across the globe and it has been a shame that outside of a few investments in Dangote Cement and Ecobank Transnational Incorporated, Nigeria has not been able to attract capital from those regions.”

Otedola pointed out that ordinary Nigerians, who had wanted to travel to UAE for business and leisure, would benefit from the resolution of the crisis. He said tourists from Nigeria now had wider choices to make, stressing the need to appreciate Tinubu for the quality of leadership and courage he has demonstrated since May 29, 2023.

He said, “Indeed, Asiwaju has demonstrated leadership and the difference in his style of leadership is like night and day. Tinubu is leading from the front and his economic diplomacy, which we pray he sustains, is going to drastically change the image of the country, unlock foreign investments into the country, and improve Nigeria’s perception internationally.

“We must all join hands to support this administration and we must all start seeing things beyond our differences. Nigeria badly needs foreign exchange and this move by the president will help improve forex inflows into the country. It is worthy of commendation.”

Tinubu and his UAE counterpart, Mohamed bin Zayed Al Nahyan, met in Abu Dhabi on Monday, and sealed a historic agreement, which resulted in the cessation of the visa ban placed on Nigerian travellers.

Following the agreement also, both Etihad Airlines and Emirates Airlines were to immediately resume flight schedules into and out of Nigeria.

A statement by Tinuby’s spokesperson, Ajuri Ngelale, said following discussions between Tinubu and the UAE leader, there would be immediate restoration of flight activity through the two airlines and between the two countries. But, it did not involve any immediate payment by the Nigerian government.

Ngelale stated that in recognition of Tinubu’s economic development diplomacy drive and proposals presented by the president to his UAE counterpart, an agreed framework was established, which would involve several billions of United States dollars’ worth of new investments into the Nigerian economy across multiple sectors, including defence, agriculture and others, by the investment arms of the government of UAE.

Tinubu also successfully negotiated a joint new foreign exchange (forex) liquidity programme between the two governments, details of which would be announced in the coming weeks.

UAE had in October banned nationals of some 20 African countries, including Nigeria, from entering its city, Dubai.

Similarly, last December, Emirates Airlines suspended flight operations to Nigeria over its inability to repatriate blocked funds, which was then estimated at $85 million. The sour relations between both countries had earlier seen Emirates Airlines suspending its operations to Nigeria on December 13, 2021, in reaction to the Nigerian federal government’s withdrawal of its flight frequencies, except one, to Nigeria.

However, UAE was the first to reduce Air Peace request for three weekly flights to one, and had claimed it did not have enough slots for the airline.

The Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC), established by President Bola Tinubu, has hinted at plans to revolutionize Nigeria's tax system by exempting 95% of the informal sector from all taxes. Chairman Taiwo Oyedele emphasized that the move was aimed at reducing the burden of multiple taxation on small businesses and low-income individuals. He argued that the informal sector should not be over-burdened with taxation but rather supported to grow economically to fit into more affluent categories before imposing taxes on them.Oyedele also noted that those earning between N25 million and less annually should be exempted from paying all forms of taxes, including income and value added tax (VAT). The committee is using data to inform its decisions, and the proposal for tax reforms is expected to be submitted to the National Assembly by the third quarter of this year.The committee is currently consulting with the private sector, with internal approvals expected by the end of June. Executive orders and regulations, such as the new withholding tax regulation exempting small businesses, are ready for implementation and await the Minister's signature. A new National Tax Policy, Spending Policy, and Borrowing Policy will be introduced before the end of the year, while Constitutional amendments are expected in 2025 and 2026, aligning with the National Assembly's two-year timeline.Oyedele said the administration is reforming the country's tax system to reduce the burden of multiple taxation on small businesses and low-income individuals.

Atedo Peterside, Founder of Stanbic IBTC Bank Plc, has criticised the Independent National Electoral Commission (INEC) for failings during the 2023 presidential election. He argued that the main concern is the damage done to the entire system, not just the winner. Peterside also expressed concern about the future of Nigeria, suggesting President Tinubu should ask INEC about hiding detailed results and broadcasting polling unit by unit.

Nigeria has faced numerous internal conflicts, including the Boko Haram insurgency, banditry, and kidnapping. President Mohammadu Buhari has invested heavily in security personnel and equipment to contain the growing threat. However, the incoming administration of Asiwaju Bola Ahmed Tinubu faces a huge burden and needs to lay the right foundation to sustain and build upon the gains made in the past few years. The Nigerian insurgency has experienced significant attacks, including the 2011 bombing of the UN building and the 2014 kidnapping of over 200 Chibok girls. To achieve sustainable development and achievement, the incoming administration must prioritize tackling insecurity. The National Security Adviser (NSA) should have a military background and command international respect based on personal and professional achievements.

Nigeria has faced numerous internal conflicts, including the Boko Haram insurgency, banditry, and kidnapping. President Mohammadu Buhari has invested heavily in security personnel and equipment to contain the growing threat. However, the incoming administration of Asiwaju Bola Ahmed Tinubu faces a huge burden and needs to lay the right foundation to sustain and build upon the gains made in the past few years. The Nigerian insurgency has experienced significant attacks, including the 2011 bombing of the UN building and the 2014 kidnapping of over 200 Chibok girls. To achieve sustainable development and achievement, the incoming administration must prioritize tackling insecurity. The National Security Adviser (NSA) should have a military background and command international respect based on personal and professional achievements.

In a rare show of unity, prominent Nigerian Christian and Muslim organizations have jointly rejected claims by United State (U.S) officials that there is an ongoing genocide against Christians in Nigeria. Groups such as the Christian Association of Nigeria (CAN), Jama’atu Nasril Islam (JNI), and Muslim Rights Concern (MURIC) dismissed the U.S. classification as exaggerated and misleading, asserting that violence in Nigeria is driven by complex socio-economic and political factors rather than religious motives. CAN Chairman for Northern Nigeria, Rev. Joseph Hayab, noted that although Christians were initially targeted, insurgents now attack indiscriminately, affecting both Muslims and Christians. He emphasized recent improvements in security, particularly in Kaduna State, and warned that labeling Nigeria a country of particular concern could hinder military access to arms and embolden terrorists.Islamic leaders echoed similar sentiments, highlighting that Muslim communities have also suffered greatly. Prof. Isa Pantami, a former minister and Islamic scholar, revealed that extremist groups had targeted and threatened prominent Muslim clerics, including himself. MURIC’s Prof. Ishaq Akintola further argued that the crisis stems from poverty and criminality rather than religious ideology.American officials, including Mike Arnold and filmmaker Jeff Gibbs, acknowledged that both Christian and Muslim communities are present and affected in internally displaced persons (IDP) camps. Public commentator Reno Omokri emphasized that misinformation could harm Nigeria’s unity and international image, urging foreign actors to understand the country’s internal complexities before making conclusive statements. All parties stressed the need for unity and collaboration in addressing insecurity and displacement in Nigeria.

Nigeria has been designated the country with the largest number of people lacking access to electricity with 86 million of its over 200 million population living without electricity as of 2021, has revealed. According to the report compiled by the International Energy Agency, the United Nations and the World Health Organisation, It said bridging electricity access gaps, especially for people living in poor and remote regions, Many developing economies in sub-Saharan Africa, are hobbled by scarce financing, inadequate risk mitigation resources, the report stated. ” it added. Saying as a result, this aspect of health infrastructure is often neglected, leading to inadequate access to electricity, it stated. “Because small national power systems predominate in the region, It added, “It is important to note that integrated access planning, attract private investment in the energy sector, “Supporting technological innovation and digitalisation could reduce costs,.

The Manufacturers Association of Nigeria (MAN) has criticized the Nigerian government's indiscriminate imposition of high and multiple taxes on manufacturers in an attempt to generate revenue to repay the N77 trillion public debt. The MAN's Manufacturers CEO Confidence Index (MCCI) for Q1 2023 revealed that the government is using the debt crisis to impose anti-growth manufacturing taxes, putting the manufacturing sector at the receiving end. The report also warned that a debt service-to-revenue ratio of over 100 percent may hinder the new administration's ability to provide critical infrastructure needed to boost the manufacturing sector and kick start the economy's recovery. The MAN also emphasized that Nigeria's real problem is not revenue generation or collection but siphoning collected revenue without adequate remittance into state coffers. The MAN recommends widening the tax net, strict implementation of the Voluntary Assets and Income Declaration Scheme, and promoting fiscal discipline. The government should prioritize debt management, transparency, proper capital management, and diversification of the country's revenue base.

Resident Doctors under the aegis of the National Association of Resident Doctors (NARD) have declared an indefinite strike over dispute with the federal government on salary and welfare matters. A former president of NARD, Dr. Godiya Ishaya confirmed the development to THISDAY, last night, in a telephone message. “It’s true NARD has declared a total and indefinite strike action,” he said. The association is insisting that the government should address all its six point demands, failing which it would no longer guarantee industrial harmony in the health sector nationwide. Among the demands of the doctors were the immediate payment of the 2023 MRTF as contained in the approved 2023 budget in line with various agreements reached with the government, that the government should without further delay, pay all outstanding arrears owed members including the hazard allowance and the skipping arrears of 2014-2016, and the arrears of consequential adjustment of minimum wage, arguing that there was no justifiable reason to keep owing the arrears and allowances. The NEC of NARD also insisted on the immediate implementation of minimum of 200 percent increment in the CONMESS salary structure and upward review of the associated allowances as requested in her previous letters on the subject matter, adding that the current economic realities in the country cannot justify the continued payment of CONMESS as it is at the moment.

Flood caused by a heavy downpour has washed away part of the major road between Bauchi and Gombe State in Kirfi local government area, thereby cutting off the north-East sub region from other parts of the country. THISDAY checks revealed that the heavy downpour on  Sunday morning, caused flooding on a portion of the Bauchi-Gombe road and washed away the bridge at Kaljanga village in Kirfi local government area of Bauchi State, thereby cutting the zone from other parts of the country.  The development has left many travellers stranded on both sides of the highway as some of them had to make a detour to alternate and longer routes to access their destinations. Inspecting the level of damage, Bauchi State Governor, Senator Bala Mohammed expressed worry that the situation would affect commercial activities in region. Mohammed, therefore called on the federal government to look into the problem by providing immediate solution for commuters passing through Bauchi, Gombe, Adamawa and Taraba States. He also called on the federal government to review the rehabilitation of the Bauchi road project that was awarded in 2018.

Flood caused by a heavy downpour has washed away part of the major road between Bauchi and Gombe State in Kirfi local government area, thereby cutting off the north-East sub region from other parts of the country. THISDAY checks revealed that the heavy downpour on  Sunday morning, caused flooding on a portion of the Bauchi-Gombe road and washed away the bridge at Kaljanga village in Kirfi local government area of Bauchi State, thereby cutting the zone from other parts of the country.  The development has left many travellers stranded on both sides of the highway as some of them had to make a detour to alternate and longer routes to access their destinations. Inspecting the level of damage, Bauchi State Governor, Senator Bala Mohammed expressed worry that the situation would affect commercial activities in region. Mohammed, therefore called on the federal government to look into the problem by providing immediate solution for commuters passing through Bauchi, Gombe, Adamawa and Taraba States. He also called on the federal government to review the rehabilitation of the Bauchi road project that was awarded in 2018.

Flood caused by a heavy downpour has washed away part of the major road between Bauchi and Gombe State in Kirfi local government area, thereby cutting off the north-East sub region from other parts of the country. THISDAY checks revealed that the heavy downpour on  Sunday morning, caused flooding on a portion of the Bauchi-Gombe road and washed away the bridge at Kaljanga village in Kirfi local government area of Bauchi State, thereby cutting the zone from other parts of the country.  The development has left many travellers stranded on both sides of the highway as some of them had to make a detour to alternate and longer routes to access their destinations. Inspecting the level of damage, Bauchi State Governor, Senator Bala Mohammed expressed worry that the situation would affect commercial activities in region. Mohammed, therefore called on the federal government to look into the problem by providing immediate solution for commuters passing through Bauchi, Gombe, Adamawa and Taraba States. He also called on the federal government to review the rehabilitation of the Bauchi road project that was awarded in 2018.

Flood caused by a heavy downpour has washed away part of the major road between Bauchi and Gombe State in Kirfi local government area, thereby cutting off the north-East sub region from other parts of the country. THISDAY checks revealed that the heavy downpour on  Sunday morning, caused flooding on a portion of the Bauchi-Gombe road and washed away the bridge at Kaljanga village in Kirfi local government area of Bauchi State, thereby cutting the zone from other parts of the country.  The development has left many travellers stranded on both sides of the highway as some of them had to make a detour to alternate and longer routes to access their destinations. Inspecting the level of damage, Bauchi State Governor, Senator Bala Mohammed expressed worry that the situation would affect commercial activities in region. Mohammed, therefore called on the federal government to look into the problem by providing immediate solution for commuters passing through Bauchi, Gombe, Adamawa and Taraba States. He also called on the federal government to review the rehabilitation of the Bauchi road project that was awarded in 2018.

The June 12 Democracy Day Anniversary Celebration in Lagos, Nigeria, is set to take place on June 12, 2024. The event, organized by The Patriots and the June 12 Pro-Democracy Movement of Nigeria, will feature dignitaries such as Governor Babajide Sanwo-Olu, former Vice President Atiku Abubakar, and Labour Party Presidential Candidate Peter Obi. Other dignitaries include Dr. Rabiu Musa Kwakwanso, former NBA President Dr. Olisa Agbakoba, and former Independent National Electoral Commission Chairman Prof. Attahiru Jega. The event will be chaired by former Secretary General of the Commonwealth of Nations and Chairman of The Patriots, Chief Emeka Anyaoku. The theme of the rally is "Securing the Future of Nigeria through a Democratic People's Constitution." The event will also feature special interventions and remarks from notable leaders of thought and political leaders. The celebration will conclude with a motorcade procession from the rally venue to the residence of the martyr of the current Nigeria's Democracy, Chief MKO Abiola.

The Senate withheld the confirmation of Malam Nasir El-Rufai, Stella Okotete, and Senator Abubakar Danladi due to security screening. However, the upper chamber confirmed the appointment of 45 other ministerial nominees sent by President Bola Tinubu for screening. Festus Keyamo, a former Minister of State for Employment, Labour, and Productivity, was temporarily halted due to his disparaging comments on the ninth senate and his attitude towards National Assembly members. Deputy Minority Leader Darlington Nwokocha recalled the public works programme of 2020, stating that Keyamo had been running away from the issue. The president of the Senate proposed a time extension and a senate dissolve into executive session. Keyamo pleaded with lawmakers to forgive him for his past wrongdoings towards the National Assembly. The Senate unanimously agreed that Keyamo should be allowed to take his leave.

The Senate has advised President Bola Tinubu to appoint an Auditor General for the Federation (AuGF) in compliance with Section 86 of the 1999 Constitution. The absence of a substantive AuGF in the last 10 months has left the government susceptible to potential mismanagement, lack of accountability, and transparency. The letter emphasized the importance of appointing a substantive auditor-general to strengthen the Federal Government's commitment to fiscal responsibilities and safeguard public trust. The Contractors Association of Nigeria (CAN) has appealed to Tinubu to stop alleged plans to appoint an unqualified federal civil servant as the Director General of the Bureau of Public Procurement (BPP). The contractors argued that the BPP is crucial for governance and that the project to bypass the civil service process of succession is absurd in Nigeria. The BPP has always been headed by an engineer with extensive contract and procurement rudiments.

Nigeria's Vice President, Kashim Shettima, has declared that the country's energy transition journey and commitment to clean and renewable energy solutions are on track under President Bola Tinubu's administration. Shettima announced the signing of a joint venture agreement for the Shiroro Generating Company, Nigeria's pioneer 20MW On-grid Solar-Hydro Hybrid project, between the Nigeria Sovereign Investment Authority (NSIA) and North South Power (NSP) Company Ltd. The project is part of a larger 300MW solar programme, co-located within NSP's existing 600 MW Shiroro Hydroelectric Power Plant concession area in Shiroro, Niger State. Shettima praised the NSIA's vision, innovation, and commitment for the project, stating that it will create opportunities for economic growth and technological advancement while addressing the urgent need for clean and accessible energy. He urged stakeholders to collaborate effectively with the project sponsors to ensure timely delivery and operation. The project aligns with Nigeria's priorities of increasing energy output and diversifying into renewable energy, and is expected to attract additional capital and utilise the country's abundant renewable energy resources.

Kayode Tokede

Investors on the stock market of Nigerian Exchange Limited (NGX) have lost N757billion in two-day over demotion of Nigeria from frontier to unclassified market status by FTSE Russell.

FTSE Russell, the subsidiary of London Stock Exchange Group (LSEG) downgrade is on the backdrop of Nigeria’s foreign exchange (FX) challenges which is a new source of negative sentiment that is capable of triggering stock  sell off at the Exchange.

The stock market had closed last week at N37.295 trillion, dropped by 2.07per cent or N757 billion to close yesterday at N36.538 trillion.

The Vice President, Highcap Securities Limited, Mr. David Adnori attributed the decline in stock market performance to possible downgrade by FTSE Russell, stressing that foreign investors since the report was released have shown negative sentiments.

According to him, “The decline in the stock market can be linked to FTSE Russell downgrade and other macroeconomy reports. For instance, the revenue target of the FG may not be realised because daily crude oil production is 1.6mpd whereas Nigeria is only producing up to 1.2mpd.

“I think the FTSE Russell report maybe relevant to foreign investors who have been suffering from the inability to repatriate their dividend for several years.

“Capital market cannot be held for foreign exchange crisis because investors are paid in Naira. Since they brought dollar into the stock market based on the agreement with CBN on capital importation, then the responsibility was on CBN to facilitate the conversion of naira income to foreign currencies and remit abroad

“CBN has failed on its responsibilities   and as it is now, it is like foreign investors’ have transferred aggression to the capital market. The foreign exchange crisis does not have anything to do with domestic investors.”

FTSE Russell said further to the ‘FTSE Equity Country Classification – Watch List Status of Nigeria’ announcement published on June 30 that it has received feedback from market participants that although Nigeria has adopted a floating foreign exchange rate for the Naira in the Investors’ & Exporters’ (I&E) FX Window, which is now operating on a “Willing Buyer, Willing Seller” basis, “the lack of liquidity in the I&E FX Window continues to adversely impact the ability of international institutional to replicate benchmark changes”.

According to the report, “Consequently, as index changes for Nigeria within FTSE Russell equity indices have been suspended since September 2022 and with no improvement in the ability of international institutional investors to repatriate capital at a foreign exchange rate that would be used in FTSE Russell equity indices, following ratification by the FTSE Russell Index Governance Board, FTSE Russell announced that the, “FTSE Equity Country Classification status of Nigeria will be downgraded from Frontier to Unclassified market status, with Nigerian index constituents deleted at zero value (0.0001 NGN) from the following FTSE Russell equity indices.

“Effective from the open on Monday September 18, 2023: FTSE Frontier Index Series, including the FTSE Frontier 50 Index, FTSE Ideal Ratings Islamic Index Series, FTSE/JSE All Africa Index Series, FTSE Middle East & Africa Extended Index Series, and FTSE/MV Exchange Index Nigeria will be retained in the FTSE ASEA Pan Africa Index Series, with the implementation of certain corporate events suspended until further notice”, it added.

The governor of Nasarawa State, Speaking on Channels Television, who was Managing Director of African Petroleum about two decades ago, Mr. Mohammed Shehu, expressed support for the removal of fuel subsidy, citing lack of transparency in the scheme. Nigeria’s ailing refineries were built in the 60s, but have since gulped billions of dollars in Turnaround Maintenance, with the expected outcomes mostly disappointing. He recalled that as Managing Director of AP, he stated that the consumption moved to 50 million litres per day, was known by the Nigerian National Petroleum Company Limited. Sule argued that Nigeria had been subsidising petrol for surrounding countries; He stated that subsidy should have been removed in 2015, Sule stated, money was most times released to fix one part, monies released were shared among all the facilities, leading to what he described as “zero work”. “We have not really managed these things well, ” he added. Sule lamented the unavailability of reliable data on Nigeria’s fuel consumption, which he said strengthened the argument for subsidy removal. He statedt “As I am talking to you now, That is what the government is paying. I asked the officials of the NNPC,‘how are you determining this consumption? we are determining the consumption by lifting’. “You are not determining the consumption by actual usage within Nigeria. They have no way of confirming this. He assured that the Dangote refinery would reduce fuel prices, since smugglers will stop buying from the country, yesterday backed the removal of fuel subsidy, citing lack of transparency in the scheme. He disclosed that from January 2022 to date, as subsidy claims was yet to be reconciled by the RMAFC, He identified such projects to include provision of an affordable transport system, and resuscitation of domestic refineries to eliminate dependence on imported fuel, Shehu expressed optimism that when the refinery became operational, which is characterised by opaqueness and other ambiguities..

Nigeria's restructuring of the country and devolving power to sub-nationals or states is not the solution to all problems. The recent blackouts and power outages have highlighted the need for state governments to step up their game in regulating electricity generation, transmission, and distribution. The 1999 constitution and the new Electricity Act 2023 have allowed states to regulate electricity markets, creating two national and state markets. However, states still struggle with the electricity problem due to lack of political will, lack of qualified human resources, long-term policy implementation, and inconsistencies.States need more investment in technology and network infrastructure for electrification projects and to attract potential investors. Enugu state has taken the lead in enacting its state policy and law, setting up its regulatory body, and is on the verge of issuing its first licenses to private investors. The federal government still has a crucial role in the power sector to drive social and economic development on a national scale. It must create the right ecosystem to spur investment in electricity infrastructure, promote renewable energy sources, and create partnerships with international organizations and investors.

President Bola Tinubu has assented to a fresh amendment to the Constitution of the Federal Republic of Nigeria unifying the retirement age of judicial officers in the country. With the signing of the Constitutional Amendment Bill, The signing of the bill into law, took place on Thursday at the State House, 2023’ presented by the outgoing 9th National Assembly. Speaking while signing the amendment bill into law, President Tinubu pledged his administration’s dedication to strengthening the judiciary,.

Nigeria's UTM Offshore Ltd, owner of Nigeria's first Floating Liquified Natural Gas (UTM FLNG) company, is optimistic about President Tinubu's commitment to revamp the nation's productive sector. The company plans to collaborate with global energy conglomerates to ensure affordable gas, reduce prices, create jobs, and lower gas flaring hazards.

Nigerian President Bola Tinubu is involved in dredging the Oguta/Orashi River, a project flagged off by former President Muhammadu Buhari and his deputy. Governor Hope Uzodimma of Imo State received a survey report from the Nigerian Navy, and the state is now ready for the second stage, which includes Environmental Impact Assessment.

President Bola Tinubu warned that ignoring Nigeria's large and potent economy would be a peril to the universe. He joined other world leaders in the consensus for redesigning the global financial architecture that would favor poverty reduction, debt restructuring, and more consideration for vulnerable countries affected by climate change and Covid-19. Tinubu declared that the ongoing reforms, including the removal of fuel subsidy and streamlining of exchange rates, would be sustained for a more competitive economy that would attract Foreign Direct Investment (FDI). He urged foreign investors to take advantage of opportunities in Nigeria. Tinubu met with President and Chairman of the Board of Directors of African Export-Import Bank (Afrexim) Prof. Benedict Oramah and President of European Bank for Reconstruction and Development (EBRD) Odile Renaud-Basso at separate meetings on the sidelines of the Summit for New Global Financing Pact. He emphasized Nigeria's readiness for global business and the need for reforms for national survival. AfreximBank president commended Tinubu for the bold steps in removing the fuel subsidy and unifying the exchange rate, assuring the Nigerian leader of the full support of the financial and development institution on the ongoing reforms.

President Bola Tinubu met with Senate President Ahmad Lawan and House Speaker Rep Femi Gbajabiamila to discuss the leadership of the incoming 10th National Assembly. Lawan emphasized the importance of new presiding officers for the national interest. Lawan expressed hope for smooth resolution of outstanding issues and urged unity and peaceful coexistence between the legislature and executive branch. The Senate President, Lawan, has worked closely with the administration of President Muhammadu Buhari to create a productive environment for the National Assembly. They hope for a peaceful transition and unity among senators, regardless of political parties. The Senate President acknowledges their role in contributing to national development and obtaining critical legislations.

President Bola Tinubu, yesterday met members-elect of the 10th National assembly across the different political parties and charged them to work together to choose good leaders for both chambers after their inauguration on June 13.

Although Tinubu met the lawmakers behind closed doors, THISDAY gathered that the president also told the gathering to go into the next session of the National assembly with the single resolve of putting the nation ahead of partisanship in the discharge of their duties.  

President Bola Tinubu has directed security agencies to rescue female students abducted by terrorists from Federal University Gusau, Zamfara State. The Arewa Consultative Forum condemned the incident, calling for their immediate release and urging the federal government to rejig Nigeria's security architecture and develop new containment strategies to eradicate banditry and terrorism.

President Bola Tinubu has promised to involve Nigerians in the Diaspora in the designing, implementation and review of public policies as well as plans and programmes. Tinubu, disclosed this yesterday, while giving his remark at the 2023 Diaspora Day celebration in Abuja, with the theme, “Consolidating Diaspora engagement for national development.” The president, who was represented at the event by his Chief of Staff, Hon. Femi Gbajabiamila, said the government was not unmindful of the contribution of the Nigerians in Diaspora to the economy. The Secretary to the Government of the Federation, Senator George Akume, on his part, advised all Nigerians to key into the federal government development agenda. He stressed that all Nigerians, “both at home and Diaspora should key into our development agenda as only Nigerians can develop Nigeria. This includes both those at home and those in the Diaspora.”

President Bola Tinubu pledged to rejig Nigeria's security architecture after a meeting with Chief of Defence Staff, service chiefs, Inspector General of Police, and intelligence agencies. He called for coordinated military efforts but warned against cross-purposes in the fight against insecurity. Tinubu also mandated security agencies to develop a master plan to address security challenges. He praised the armed forces, intelligence agencies, and paramilitary agencies for their sacrifice and loyalty. The president has emphasized the importance of redoubling security agencies' efforts and focusing on contemporary security measures. He emphasizes the need for coordination, frequent consultations, and timely reports. He plans to undertake security architecture reforms, particularly in the maritime domain, and focus on oil theft issues. Security agencies must develop a blueprint, and the armed forces must be well-equipped and motivated.

Dr. Emeka Offor, a renowned philanthropist, has received praise from President Bola Tinubu and Anambra state Governor Dr. Chukwuma Soludo for spending over N5 billion on charity. The entrepreneur distributed 40,000 bags of rice and other items to the less privileged in his home town of Oraifite, Anambra State, as part of his 65th birthday celebrations. About 179 communities benefited from the gesture. The Emeka Offor’s Foundation also distributed books to over 200 tertiary, secondary, and primary schools across Nigeria.President Bola Tinubu commended Offor for his humanitarian interventions and tireless dedication to important causes. He described Offor’s instrumental role in eradicating polio in Nigeria through his foundation. Anambra State Governor Dr. Chukwuma Soludo commended Offor for his commitment to uplifting lives and acknowledged the current food inflation challenges. He commended Offor’s donation of educational materials to schools, emphasising the importance of inclusive development.Offor thanked everyone for travelling from Anambra and other parts of the state to honor him on his 65th birthday. He thanked Soludo for his developmental strides in the state and advocated for Public-Private Community Partnership (PPCP). Offor's foundation aims to reduce poverty, create life-improving economic opportunities, deliver healthcare services, implement youth empowerment programmes, and contribute to infrastructural development.

Dr. Emeka Offor, a renowned philanthropist, has received praise from President Bola Tinubu and Anambra state Governor Dr. Chukwuma Soludo for spending over N5 billion on charity. The entrepreneur distributed 40,000 bags of rice and other items to the less privileged in his home town of Oraifite, Anambra State, as part of his 65th birthday celebrations. About 179 communities benefited from the gesture. The Emeka Offor’s Foundation also distributed books to over 200 tertiary, secondary, and primary schools across Nigeria.President Bola Tinubu commended Offor for his humanitarian interventions and tireless dedication to important causes. He described Offor’s instrumental role in eradicating polio in Nigeria through his foundation. Anambra State Governor Dr. Chukwuma Soludo commended Offor for his commitment to uplifting lives and acknowledged the current food inflation challenges. He commended Offor’s donation of educational materials to schools, emphasising the importance of inclusive development.Offor thanked everyone for travelling from Anambra and other parts of the state to honor him on his 65th birthday. He thanked Soludo for his developmental strides in the state and advocated for Public-Private Community Partnership (PPCP). Offor's foundation aims to reduce poverty, create life-improving economic opportunities, deliver healthcare services, implement youth empowerment programmes, and contribute to infrastructural development.

Nigeria's President Bola Tinubu has criticized the country's economic philosophy, arguing that it is unsustainable and requires a shift in mindset. He emphasized the need for poverty reduction and collaboration from all stakeholders. President Muhammadu Buhari called for governance changes and addressing poverty and poor electricity supply. He praised the United Bank for Africa Plc and Heirs Holdings chairman, Tony Elumelu, for setting an agenda for economic growth.

The Enugu State Governorship Election Petition Tribunal upheld the election of Peter Mbah of the Peoples Democratic Party (PDP) as the winner of the March 18 election. Mbah praised the decision, describing it as a victory for democracy and the people of Enugu State. The Labour Party lamented the judgement, stating it was like a horror movie being played out. The tribunal dismissed petitions by the Peoples Redemption Party (PRP) and the Labour Party (LP) candidates challenging Mbah's victory, stating that he was not qualified to stand for the election, forged his National Youth Service Corps (NYSC) certificate, and had alleged cases of over-voting. The tribunal also ruled that Mbah was qualified to contest the election, regardless of whether he submitted any NYSC discharge certificate. Mbah urged the people to hold him accountable and urged them to work together in building a new Enugu State. The judgement reflected the popular wish of the people of Enugu State, with the local government of the Labour Party candidate enjoining Mbah's opponents to accept his fellowship to move the state forward.

The Universal Basic Education Commission (UBEC) has held a five-day training for head teachers and educational officers in Benin City, Edo State, on effective school management in the 21st century. The training, organized in collaboration with the National Institute for Educational Planning and Administration (NIEPA) and the Edo State Government, aimed to address various issues such as effective school management, roles of school heads, school culture, instructional leadership, safe and violence-free schools, climate change, team building and collaborative problem-solving, records and records management, and stress management and mental health. The training was organized by UBEC in collaboration with the National Institute for Educational Planning and Administration (NIEPA) and the Edo State Government. The training aimed to improve the quality of education and address global changes in the education sector.

Under Governor Udom Emmanuel's leadership, Akwa Abasi Ibom State has seen a significant economic uptick, becoming a global aviation hub. The state's capital, Uyo, is a popular business destination. Emmanuel's legacy includes the modern Four-Points by Sheraton Hotel in Ikot Ekpene. He established industries like Jubilee syringes, Automated Flour Mills, and St. Gabriel Coconut Oil Factory, and improved infrastructure.

Senator David Umahi, the Minister of Works, has urged contractors to use concrete technology in road construction due to its durability and affordability. He stated that if contractors continue using asphalt, they will bear the burden if the road fails. Umahi urged contractors to embrace the new technology, as it will help cushion the effect of dilapidated roads in the South-east region due to the terrain. He also discussed the possibility of partnering with the federal government through the Highway Development Initiative (HDMI) to build federal roads in Ondo State. Umahi also emphasized the importance of addressing the economic viability of states that depend on federal roads, stating that if these roads are cut off, it will negatively impact their economies.

Nigerian First Lady Remi Tinubu and other African First Ladies called for global peace at the First Ladies High Level Forum at the 78th sidelines of the United Nations General Assembly (UNGA) in New York. The forum, titled "Gender Actions for Peace: Ambition for Women Leaders as a Key Players on Global Peace," was championed by Prof Ada Okika, Africana Women Working Group at the UN, Executive Director of Civil Society Legislative Advocacy Centre (CISLAC), Auwal Ibrahim Musa Rafsanjani, and Framazaz Foundation. The event aimed to promote dialogue, engagement, and empowerment of all members of society, particularly women in leadership roles. Adeboye urged the First Ladies not to let their husbands cause trouble or go to war, using Biblical references to highlight the importance of women in peace and development.

Governor Hope Uzodimma of Imo State has expressed his readiness to contest the upcoming November 11, 2023, governorship election. He cited his notable achievements in his first tenure and expressed confidence in his ability to lead the state to greater heights. Speaking on a live Igbo program at Hot 99.5 FM Owerri, Uzodimma highlighted his commitment to repositioning Imo State and building upon the progress made thus far. He highlighted his accomplishments, including infrastructural development, educational reforms, healthcare advancements, youth empowerment, and efforts to attract investments and foster economic growth. He emphasized the need for further efforts to improve governance, foster socio-economic development, and uplift the lives of the people.

The Coalition of Civil Society Groups clarified that it had not called for the sacking of Mr. Godwin Emefiele as the Governor of the Central Bank of Nigeria (CBN). Olakunle Oladimeji, the new President of the Coalition, declared that there was no protest planned by the coalition against the CBN and its Governor. He urged members of the public to disregard any such plan for any purported protest. Oladimeji and the Campaign for Democracy (CD) have urged Nigerians to support President Bola Tinubu's plans to revamp the economy, provide welfare, and guarantee security. Tinubu's pronouncement on the petrol subsidy issue is seen as a cut-throat hike in fuel price. ThisDayLive is a public trust dedicated to truth and reason covering a range of issues from breaking news to politics, business, the markets, the arts, sports, and community.

The Ondo State House of Assembly has launched an impeachment move against state deputy governor Lucky Aiyedatiwa due to corruption allegations. The move follows an emergency plenary session in Akure, where the Assembly directed the Clerk of the House to write Aiyedatiwa. Aiyedatiwa, previously running mate to Governor Rotimi Akeredolu, has faced misconduct and resignation. The relationship between Akeredolu and Aiyedatiwa has become sour.

President Bola Tinubu praised the Nigerian Super Falcons for their outstanding performance at the FIFA Women's World Cup, co-hosted by Australia and New Zealand. The Nigerian female national football team lost their round of 16 match against England's Lionesses in Brisbane, but the Nigerian Super Falcons made Nigeria proud on a global stage. The First Lady, Senator Oluremi Tinubu, hailed the Super Falcons for their performance, describing the match as a tension-soaked encounter. She expressed her pride in the Nigerian girls' performance and hoped to receive them as true heroes upon their return home.