Author: The Nation

  • Akpabio to NASC: let your activities reflect Federal character

    Akpabio to NASC: let your activities reflect Federal character

    Senate President Godswill Akpabio has urged the chairman and members of the National Assembly Service Commission (NASC) to ensure federal character is reflected in the activities of the commission.

    A statement by the office of the Senate President said Akpabio spoke when the chairman and other members of the Sixth National Assembly Service Commission visited in his office.

    The Senate President congratulated them on their appointment and expressed the confidence that with their experiences and maturity, they would deliver on their mandate.

    Akpabio said: “The leadership of both chambers made very good choices. I have no doubt that with your pedigrees, you will deliver on the mandate given to you.

    “The maturity is there. So, we should expect the best. I know that with your various other vocations, your experiences will come to bear to ensure that everything about the commission and the welfare, promotion of staff and even the recruitment, that things are done in a way that reflects joy and national character.”

    READ ALSO: The men who ruined a republic

    The commission’s chairman, Dr. Saviour Enyiekere, expressed gratitude to Akpabio and the leadership of the National Assembly for the confidence reposed in them.

    Enyiekere acknowledged the challenges ahead but said the commission remained committed to meeting the challenges head-on.

    He assured the Senate President that the commission would not only strive to build on the successes of their predecessors but also restore confidence in the commission’s ability to fulfill its core mandate.

    The commission proposed to the leadership of the National Assembly the establishment of a Council of former Presiding Officers of the National Assembly and the reintroduction and construction of new National Assembly Legislative Quarters.

  • Arewa Think Tank opposes removal of INEC chairman

    Arewa Think Tank opposes removal of INEC chairman

    • North’s group urges Nigerians to prioritise electoral integrity over religious differences

    The Arewa Think Tank (ATT) has strongly opposed calls to remove the Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan.

    The group warned that such demands could deepen religious division and undermine Nigeria’s democratic process. The ATT Convener, Muhammad Alhaji Yakubu, who expressed the group’s opposition to such a move, urged Nigerians to focus on the integrity of the electoral system rather than the religious affiliation of public office holders.

    Yakubu said Nigeria’s current challenges demand unity and collective responsibility, not divisive rhetoric.

    “What Nigeria needs now is the integrity of the election. It’s not about the chairman of INEC being a Muslim or being a Christian. We should look at the integrity of the election, and we should stand in unity with this chairman so that he can do his job properly,” Yakubu said.

    The ATT convener cautioned against introducing religious sentiments into the nation’s electoral process, stressing that such actions could further polarise the country at a time of widespread insecurity.

    “We shouldn’t allow those who want to divide us through religion to gain leverage. We must be careful not to bring religion into our electoral system to avoid dividing the good people of this country,” he added.

    READ ALSO: Mutfwang, Plateau APC and 2027 battle

    Yakubu’s comments came amid rising controversy over renewed calls by the Supreme Council for Shari’ah in Nigeria (SCSN) demanding the removal of the INEC chairman ahead of next year’s general election.

    The council, led by Sheikh Bashir Umar, warned that Muslims across the country would not recognise or legitimise any election conducted under Prof. Amupitan’s leadership, citing alleged concerns over integrity and neutrality.

    The Shari’ah Council’s position was reportedly made during this year’s annual pre-Ramadan lecture and General Assembly held in Abuja on Tuesday, January 27.

    Yakubu noted that the council’s statements could erode public confidence in democratic institutions and inflame religious tensions, particularly at a time when the country is grappling with insecurity, economic hardship and social instability.

    The ATT urged religious organisations and leaders to avoid any rhetoric that could promote intolerance or heat up the polity.

    The group stressed that national unity and peace are urgently needed.

    It reaffirmed its confidence in INEC as a constitutional body and urged its leadership to remain focused on its mandate of delivering free, fair and credible elections without undue pressure from sectional interests.

    Also, the Arewa Think Tank maintained that Nigeria belongs to all citizens, regardless of faith, and that leadership positions should not be politicised or weaponised along religious lines.

    Yakubu urged fellow Nigerians to resist divisive narratives and instead support institutions working to strengthen democracy.

    The ATT convener noted that unity remains the country’s greatest strength in the face of ongoing national challenges.

  • Nigeria’s economy may be back from the brink

    Nigeria’s economy may be back from the brink

    • A spate of painful reforms is beginning to show results

    When Nigeria returned to civilian rule in 1999, Olusegun Obasanjo, the elected president, set out to clean up the economy after years of mismanagement by military governments. Initially dismissed by critics, by the end of his second term Mr Obasanjo’s liberal policies had tamed inflation, spurred investment and raised annual GDP growth to around 7%. It didn’t last.

    Over the past decade GDP per person has fallen. Yet evidence is now mounting that another stretch of “golden years”, as one analyst calls the period following Mr Obasanjo’s liberalisation, may be on the cards.

    In the past two and a half years Bola Tinubu, who in Mr Obasanjo’s day was the governor of Lagos and was elected president in 2023, has been enacting his own set of structural reforms. As he gears up to run for a second term in 2027, they may be starting to pay off.

    It is difficult to overstate the mess Mr Tinubu inherited. When he took office in 2023, the country’s central bank had $7bn (equivalent to 1.4% of gdp at the time) in obligations it could not meet, prompting international investors to flee en masse. The bank’s credibility had been dented by a recklessly loose monetary policy, its mismanagement of dwindling foreign-exchange reserves and efforts to maintain an unsustainable tiered exchange-rate system. In 2022 alone the cash-strapped government spent some $10bn, equivalent to 2.2% of GDP, on a ruinous fuel subsidy.

    To fix things, Mr Tinubu’s government got on with a package of drastic structural reforms. It abolished the fuel subsidy and abandoned that multi-tiered system of dollar-pegged exchange rates, largely allowing the naira to float.

    The central bank aggressively tightened monetary policy to curb the resulting bout of inflation. The government also moved to improve security in the Niger Delta and offered a range of tax incentives to investors to boost dwindling oil production.

    Nearly three years on, Nigeria’s 230m people, especially the poor and the middle class, are still reeling from increases in fuel and food prices. Poverty has risen. But it looks as though Mr Tinubu’s bitter medicine is helping. The annual inflation rate, which hit a nearly 30-year high of 34.8% in December 2024, fell to 15.2% in December 2025.

    READ ALSO: The men who ruined a republic

    Growth is returning. The IMF expects the economy to expand by 4.4% in 2026. Following two steep devaluations in 2023, the naira has stabilised. The central bank’s foreign-exchange reserves have risen to $46bn, their highest level in seven years.

    Improvements in macroeconomic stability are restoring investor confidence. On January 22nd Shell, a British company, said it hopes in 2027 to finalise plans, with partners, to develop a $20bn offshore oilfield that has been sitting untapped for over 20 years. Exxon Mobil, an American firm, has committed $1.5bn to deepwater development until 2027.

    Local business leaders are more upbeat, too. Oil-and-gas production is rising, much of it driven by local firms plugging leaks and improving output in onshore projects in the Niger Delta, which has become safer thanks to Mr Tinubu’s focus on security there.

    All this should give the government some fiscal breathing room, particularly as the cheaper naira begins to raise the competitiveness of Nigeria’s non-oil exports such as cocoa and cashew nuts.

    Recent reforms to taxation and tax collection, Mr Tinubu’s latest project, should help improve revenues further in the coming years. Falling inflation should eventually begin to ease the cost-of-living pain.

    However, even optimists have plenty of reasons to be cautious. Savings from the fuel subsidy have largely been spent on servicing the public debt, which is still rising as the government continues to borrow against future sales of oil to fund its deficit. Currently, some 60% of revenues are consumed by debt service.

    On January 20th Nigeria’s finance minister said the government hoped to borrow less this year, but current budget projections suggest that is not realistic. “The government is broke. There’s nothing to invest in the future, that’s the truth,” says Esili Eigbe of Escap, a Nigerian consultancy.

    Unless the government cuts civil-service salaries, another big chunk of spending, or is able to restructure loans to make them cheaper, the extra revenue from recent tax reforms looks unlikely to be available for improving infrastructure or to pay for public health care and education. “They’ve brought the deficit down, but they don’t seem to show any greater ability to get capital projects out of the door,“ says David Cowan, an economist at Citi, an American bank.

    All this means that it will take a long time for ordinary Nigerians, who until now have mostly borne the pain of Mr Tinubu’s reforms, to feel any benefit.

    Buying food has been a particular struggle, not just for the 42% of Nigerians who live on less than $3 a day, the World Bank’s definition of extreme poverty, but also for the urban middle class. The price of a kilo of rice has nearly quadrupled since May 2023, while wages have barely budged. Even though inflation is now falling, many still struggle to afford enough to eat.

    Mr Obasanjo’s reforms in the early 2000s aimed to increase economic dynamism and improve people’s lives by attracting fresh capital investment into newly privatised sectors. By the end of his second term in 2007, domestic companies were worth $85bn, up from $3bn in 1999.

    Mr Tinubu, by contrast, has so far focused on restoring stability and reviving the country’s ailing oil-and-gas sector. To bring about more golden years for Nigerians, he needs to go beyond that

    • (Culled from The Economist)             

  • How sustained government policies reshaped forex transactions

    How sustained government policies reshaped forex transactions

    Foreign exchange, often called “forex,” affects the daily lives of millions of Nigerians, even if many people do not deal with dollars or euros directly. The price of food in the market, the cost of fuel, school fees, medicines, and even transport fares are all linked to the exchange of the naira against other currencies. Over the past few years, Nigeria’s forex story has been one of big promises, tough policies and mixed results, reports Assistant Editor NDUKA CHIEJINA.

    At the onset of the current phase of forex reforms initiated by the Bola Tinubu administration, the situation was in dire straits. Nigeria’s economy heavily depended on imports of fuel, machinery and many household goods. This meant there was always strong demand for foreign currencies, especially the United States dollar. At the same time, the main source of forex inflow, which is crude oil exports, was facing challenges ranging from oil theft, lower production, and fluctuating global prices. Foreign investors were also cautious about bringing money into the country because of concerns over the difficulty of repatriating their proceeds.

    Before the initiation of the reforms, Nigeria operated a system where there were multiple exchange rates. There was an official rate set by the Central Bank of Nigeria, and there were other rates in the parallel market, often called the black market. This gap created confusion and opportunities for people to engage in round tripping. They buy dollars cheaply at the official rate and sell them at a higher price on the street. Many businesses complained that they could not access dollars at the official window, forcing them to rely on the parallel market, which was more expensive and unstable.

    When the new government came in, many Nigerians hoped for a fresh approach. President Bola Tinubu made it clear that he wanted a more transparent and market-driven forex system. He spoke about the need to remove practices that encouraged corruption. The President said the country could not continue to run a system where a few people benefited from cheap official dollars while ordinary Nigerians and genuine businesses struggled to survive.

    In one of his early pronouncements, President Tinubu explained that a single, unified exchange rate would help attract foreign investors and restore confidence in the Nigerian economy. According to him, investors want to know that when they bring money into the country, they can change it at a fair rate and take it out again without facing restrictions or heavy losses. He also linked a strong and stable forex market to job creation, saying that more investments would lead to more factories, offices, and opportunities for young people.

    In driving home the new policy thrust, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun said: “Nigeria now have a foreign exchange rate that is market based and also a deregulated oil market pricing which are two reforms that are long overdue over many decades that President Tinubu is currently implementing.

     “The exchange rate stability achieved makes Nigeria competitive globally, regionally and continentally,” he stated.

    On his part, the Governor of the Central Bank of Nigeria, Dr. Olayemi Cardoso advocates for a “willing buyer, willing seller” model, believing that artificial controls are unsustainable. He stated that a stable exchange rate will boost investor confidence and attract foreign investment. The CBN management has adopted a market forces approach, noting that artificially holding down the price of a commodity determined by forex is unsustainable.  Cardoso also emphasised that closing the gap in exchange rates, though painful initially, showed commitment to transparency and sound monetary policy.

    Following these positions, the government and the Central Bank moved to change how forex was managed. The main policy initiative was the unification of the exchange rate. This meant that instead of having different rates for different users, the market would determine the value of the naira, based on demand and supply. The official and parallel market rates were expected to come closer, reducing the wide gap that had existed for years.

    The Central Bank also introduced measures to clear the backlog of unmet forex demands, especially for foreign airlines, manufacturers and international companies that had been waiting to repatriate their funds. The idea was to send a message to the world that Nigeria was serious about honouring its financial obligations and creating a friendly business environment.

    READ ALSO: Mutfwang, Plateau APC and 2027 battle

    Another part of the policy drive was to encourage more forex inflows. This included efforts to boost non-oil exports such as agriculture, solid minerals, and manufactured goods. The government talked about making it easier for Nigerians in the diaspora to send money home through official channels, offering better rates and fewer charges. There were also discussions about improving oil production and reducing theft so that more dollars could come into the country from crude sales.

    The outcome of these policies has been mixed. On the one hand, the unification of the exchange rate brought more transparency. The wide gap between the official and parallel market rates reduced, at least for a period. Some foreign investors began to show renewed interest, and Nigeria recorded improvements in capital inflows. Operators said the system was clearer, even though it came at a cost.

    On the other hand, the value of the naira weakened because the exchange rate was now market determined. This had a direct effect on the cost of living. Imported goods became more expensive, and the prices of locally produced items rose because many of the inputs, such as fuel and machinery, are linked to the dollar. Inflation climbed, and many families felt the pressure on their monthly budgets.

    Manufacturers also faced challenges. While they welcomed a more open forex system, the high cost of dollars made it harder for them to import raw materials and spare parts. Some companies reduced production, while others passed the extra costs to consumers. Small businesses, in particular, struggled to cope with the fast-changing exchange rates.

    Today, the inevitable adjustment is gradually gaining traction. Forex inflow has improved, although not in the required volume. Oil production has picked up compared to previous lows, but it has not yet reached levels that can comfortably support the country’s forex needs.

    The Central Bank has continued to adjust its policies, including raising interest rates to make naira investments more attractive. The idea is that higher interest rates can encourage foreign investors to bring money into Nigerian bonds and other financial instruments, increasing the supply of dollars. There have also been efforts to strengthen monitoring and reduce illegal forex trading.

    Many Nigerians now ask a simple question: where are we today? The answer depends on who you ask. Government officials often point to improvements in transparency and investor confidence. They say the system is now fairer and more open than before. Some economists agree that, in the long run, a market-driven forex system is better for the economy.

    However, for the ordinary Nigerian, the reality is tough. The high cost of living is the most visible sign of a weak naira. Food prices, transport fares, rent, and school fees have all risen, but are moderating. Looking ahead, projections for Nigeria’s forex market depend on several key factors. One is oil production. If Nigeria can increase output and reduce losses from theft and pipeline damage, more dollars will flow into the system. Another is non-oil exports. Expanding agriculture, mining, and manufacturing for export can help reduce the country’s heavy reliance on crude oil.

    Foreign investment is also crucial. If investors believe that Nigeria’s policies are stable and fair, they are more likely to bring in funds. This requires clear rules, respect for contracts, and a strong legal system. The government’s ability to manage inflation and public debt will also play a role in shaping confidence. Diaspora remittances offer another opportunity. Nigerians abroad send billions of dollars home every year. Making official channels more attractive can increase the amount that passes through the formal forex system, strengthening supply. There are also risks. Global oil prices can fall, reducing earnings. International interest rates can rise, making investors prefer safer markets. Local challenges such as insecurity and poor infrastructure can discourage business growth and export expansion.

    From a personal and professional point of view, the current state of Nigeria’s forex situation calls for patience, consistency, and deeper reforms. The move toward a more open and transparent system is a step in the right direction, but it should be supported by strong efforts to grow the local economy. Nigerians need more factories, better farms, and stronger industries that can produce what the country consumes and sell to the world.

    There is also a need for clear communication. Many people do not fully understand why the naira has fallen or what the long-term plan is. Simple and regular explanations from policymakers can help build trust and reduce fear and speculation in the market.

    In the end, forex is not just about numbers on a screen. It is about jobs, food on the table, school fees, and the future of young Nigerians. A stable and strong naira will not come from policy changes alone. It will come from a productive economy where Nigeria earns more from what it makes and sells, not just from what it digs out of the ground.

    As the country moves forward, the challenge will be to turn today’s difficult adjustments into tomorrow’s lasting gains. The road may be hard, but with steady policies, honest leadership, and the hard work of millions of Nigerians, the goal of a healthier and more stable forex market remains within reach.

    Speaking to this development, Dr. Galadima Simon: “Growth is projected to do better in 2026 than in the previous year, 4.49 per cent this year as against 3.89 per cent in the year prior. This would be driven by the non-oil sector meaning FX reserves inflows would be diversified, leaving the Naira stronger. FX reserves are expected to climb to around $51 billion, inflation to decelerate further and exchange rate to experience appreciation.

    “The situation is largely net positive in value as the gains outweigh the pains. However, it is not uhuru as market dichotomy still exists despite unification, foreign exchange earnings still not diversified enough with oil playing an outsized role.”

    On his part, Economic Analyst, Dr. Yusha’u Aliyu noted: “Looking at the market behaviour in the last six months, it’s likely that the current trend will extend to the six months of 2026 when the budget of the year will begin to translate some provisions to the economy and subsequently when the electioneering takes effect, some elements of political expenditures will trigger in balance of the exchange rate, especially dollarisation.”

  • Dangote, NNPCL seal gas supply deal

    Dangote, NNPCL seal gas supply deal

    An enhanced gas supply deal that will ensure adequate supply to meet ongoing expansion projects by Dangote Group has been signed by the Dangote Industries Limited (DIL) and the Nigerian National Petroleum Company Limited (NNPCL).

    The deal saw three subsidiaries of DIL – Dangote Petroleum Refinery, Dangote Fertiliser Plant and Dangote Cement Plc – scaling up their Gas Sales and Purchase Agreements (GSPA) with two subsidiaries of the NNPC- Nigerian Gas Marketing Limited and NNPC Gas Infrastructure Company Limited (NGIC).

    The upscaled supply agreement is expected to support Dangote Group’s Vision 2030, resulting in increased output, better and cleaner energy supply.

    The agreements were signed at the unveiling of the NNPC Gas Master Plan (GMP) 2026, tagged NGMP 2026 held at the NNPC Towers at the weekend in Abuja.

     Managing Director, Dangote Petroleum Refinery, Mr. David Bird, signed on behalf of the refinery, while the Group Managing Director of Dangote Cement Plc, Mr. Arvid Pathak, signed on behalf of the cement company. Mr. Mustapha Matawalle signed on behalf of Dangote Fertiliser FZE.

    Bird said that the agreement demonstrated the refinery’s bold steps to expand its capacity.

    According to him, the agreements marked a critical milestone in the expansion drive as well as a proactive measure to lock in vast energy requirements for the anticipated increase in its production capacity.

    Pathak described the agreement as an enabler of DCP’s strategic objectives.

    READ ALSO: The men who ruined a republic

    He outlined that the agreement guarantees the gas required to support the drive towards CNG adoption as auto gas and to meet the increasing gas demand as local production capacities are expanded.

    He added that the partnership also promotes the adoption of cleaner fuel for both auto gas through CNG and gas to support increased production output.

    Dangote Fertiliser FZE stated that the agreement would support its fertiliser capacity expansion projects, given that fertiliser is a product of natural gas.

    Minister of State for Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, described the GMP Master Plan as a deliberate pivot from policy articulation to disciplined execution, anchored on commercial viability and integrated sector-wide coordination.

    He said: “Today’s launch is not merely the unveiling of a document; it represents a deliberate shift towards a more integrated, commercially driven, and execution-focused gas sector, aligned with Nigeria’s development aspirations.

    “Nigeria is fundamentally a gas Nation. With one of the largest proven gas reserves in Africa, our challenge has never been potential, but translation: translating resources into reliable supply, infrastructure into value, and policy into measurable outcomes for our economy and our people. The Gas Master Plan speaks directly to this challenge”.

    Ekpo further noted that the plan’s strong focus on supply reliability, infrastructure expansion, domestic and export market flexibility, and strategic partnerships aligns seamlessly with the Federal Government’s Decade of Gas Initiative, positioning natural gas as the backbone of Nigeria’s energy security, industrialisation, and just energy transition.

    NNPC/L GCEO) Bashir Ojulari, described the NNPC Gas Master Plan 2026 as a bold, effective execution-anchored roadmap designed to unlock Nigeria’s immense gas potential and elevate the country into a globally competitive gas hub.

    Ojulari noted that with about 210 trillion cubic feet (Tcf) of proven gas reserves and an upside potential of up to 600 Tcf, Nigeria possesses one of the most consequential hydrocarbon basins in the world; one reinforced by the Petroleum Industry Act (PIA) and the Federal Government’s gas-centric energy transition agenda.

    He said: “The Plan is structured not just to deliver – but to exceed- the Presidential mandate of increasing national gas production to 10 billion cubic feet per day by 2027 and 12 billion cubic feet per day by 2030, while catalysing over 60 billion dollars in new investments across the oil and gas value chain by 2030”.

    He explained that the plan prioritises cost optimisation, operational excellence, and systematic advancement of resources from 3P to bankable 2P reserves, while strengthening gas supply to power generation, CNG, LPG, Mini-LNG, and critical industrial off-takers.

    He reaffirmed his personal commitment as chief sponsor of the initiative, stressing that the company has adopted a more collaborative, investor-centric approach in shaping the NGMP 2026, with strong alignment to industry stakeholders, partners, and investors.

  • Gen. Musa: how coup attempt was foiled at planning stage

    Gen. Musa: how coup attempt was foiled at planning stage

    • ‘Doing a coup now is impossible… Nigerians would have resisted it’

    A joint monitoring approach enabled the Armed Forces to foil a planned coup, the Defence Minister, General Christopher Musa, said last night.

    According to him, a “disgruntled” Colonel, who failed his examination for promotion to the rank of Brigadier-General, initiated the plot and dragged others into it.

    The rumour of an attempted coup broke in October last year, but the Defence Headquarters (DHQ) at the time dismissed it, saying there was no such development.

    However, last month, the DHQ confirmed that there was indeed an attempted coup and that investigations had indicted 16 officers who are now to face court-martial.

    Gen. Musa, who spoke on Channels Television last night, was the Chief of Defence Staff (CDS) at the time the plot was uncovered.

    He explained that the military did not immediately confirm the coup attempt when the rumour surfaced because of the need for a thorough investigation to uncover those behind it and to avoid arresting innocent officers.

    READ ALSO: The men who ruined a republic

    According to him, it was better not to rush into admitting the existence of a coup plot until investigations revealed how it was planned and who masterminded it.

    He described the plotters as “a bunch of unserious individuals” who grossly underestimated Nigeria’s democracy and military cohesion. He said security services had to closely monitor the suspected coupists to gather concrete evidence against them.

    Investigations, he said, revealed that the planning of the coup began before the advent of the Tinubu Administration in 2023.

    He dismissed claims that the plot was a reaction to current governance, saying: “These plans were hatched even before the President took office, once it was clear he had won the election.”

    Describing the plot as potentially bloody, Musa said the coup was carefully monitored and dismantled before execution.

    He added that he was personally listed as a target for arrest or assassination by the coupists.

    “I was also a target. I was supposed to be arrested, and if I refused, I was to be shot. But that is the nature of the job,” he said.

    According to him, the plot was driven by a disgruntled Colonel who failed to meet promotion requirements and attempted to recruit other dissatisfied elements within the system.

    Most of those involved, he said, have been arrested, while international agencies, including Interpol, were tracking remaining civilian collaborators.

    He, however, declined to name the indicted Colonel.

    “The Armed Forces promotion system is strict. He didn’t qualify and decided to exploit others who felt aggrieved.

    “Unfortunately, some young officers were misled and now face serious consequences,” Gen. Musa said, stressing that the military acted strictly on facts, not speculation.

    “This investigation was holistic, involving the DIA, NIA, DSS and other agencies. We were deliberate and painstaking because coup allegations are grave and must be proven beyond doubt,” he said.

    He maintained that executing a coup in modern-day Nigeria is nearly impossible, saying that the military is united and strongly committed to democracy.

    “You can’t just wake up and attempt a coup in Nigeria today. Even Nigerians would have resisted them without the Armed Forces. The era of military takeovers is over,” he said.

    On the welfare of families of the arrested officers, the Defence Minister said the Armed Forces were taking steps to ensure they were not unduly punished for the actions of their relatives.

    “Sometimes people forget they have families. We have briefed them and are ensuring their welfare is protected,” he added.

    Addressing broader security concerns, Gen. Musa said insecurity persists because of the complex nature of modern warfare, stressing that casualties are inevitable in active conflict zones.

    “In war, nobody is immune. The enemy also wants to survive. What matters is our ability to neutralise threats quickly,” he said.

    Gen. Musa added that the attempted coup had prompted a review and strengthening of the presidential security architecture.

    “Such incidents expose gaps. Once identified, you strengthen them. That is exactly what we are doing,” he said, reaffirming the military’s loyalty to the Constitution and its resolve to defend Nigeria’s democracy at all costs.

    On insecurity in the country, Gen. Musa said some individuals and communities were shielding terrorists and criminals.

    He urged Nigerians to stop introducing primordial sentiments when criminality is involved.

    Confirming that Sambisa Forest has been reclaimed by troops, Gen. Musa noted that terrorists usually flee to neighbouring countries when pressure is mounted on them.

    He said Nigeria must move beyond divisive narratives rooted in geography and ethnicity, warning that such thinking continues to hold the country back.

    “Every day we hear North, South, East and West. It does not help us. How long are we going to continue like this?

    “When you travel outside the country, you see even smaller nations moving forward,” he said, citing Ethiopia’s transformation as an example.

    He stressed that Nigeria is not as badly positioned as often portrayed, noting that only a few individuals project negative narratives about the country.

    “Very few people give Nigeria a bad name globally, but we don’t celebrate the many Nigerians doing exceptionally well across all fields.

    “Once you fail to celebrate the good, you create space for the bad,” he said.

    On recent coup-related developments in the region, Gen. Musa said those involved acted foolishly and would face the consequences.

    “Anyone who attempts a coup must be ready for the consequences. That is how it works,” he said.

    He warned against reviving ethnic interpretations of past conflicts, insisting that Nigeria must draw lessons from history rather than dwell on it.

    “We cannot, in 2026, still be talking about Biafra, coups and the civil war. So many people died on both sides.

    “Everyone suffered losses. But no nation develops amid constant internal wrangling,” he said.

    Gen. Musa defended the current administration, saying President Bola Tinubu has taken bold decisions that are beginning to yield results.

    “Things are gradually picking up. The dollar is dropping. New policies have been introduced. Some people will always complain, especially those who benefited from the old system and now feel excluded,” he said.

    He appealed to elders, religious leaders and traditional rulers to allow the younger generation chart a new course.

    “Let us stop poisoning young minds with past grievances. Mistakes were made on all sides. We must draw a line, leave the past behind and focus on the future,” he said, referencing China’s transformation under Chairman Mao as an example of national reset.

    Gen. Musa also highlighted Nigeria’s regional security role, saying Nigerian forces in December intervened to prevent a coup in the Benin Republic following a direct request from its president.

    “It was a direct call to President Tinubu. With his approval, we mobilised and, within 12 hours, secured the situation.

    “Our troops are still there and are being withdrawn gradually,” he said.

    The minister confirmed that Nigerian troops were still on the ground in the Benin Republic, adding that plans were underway for their withdrawal.

    He said the operation demonstrated Nigeria’s military capacity and underscored the need to build domestic defence capabilities through strategic partnerships.

    On Nigeria’s defence cooperation with Turkey and other allies, Gen. Musa said the focus is shifting from procurement to local production.

    “We don’t want to keep buying equipment and importing everything. This time, we want co-production using our Defence Industries Corporation of Nigeria (DICON), so we can build capacity, create jobs, save foreign exchange and support security across the region,” he said.

    According to him, the agreements cover military education, exchange programmes, training, co-production of hardware, maintenance and availability of spare parts.

    “It is a holistic approach. If we get it right, Nigeria can support neighbouring countries and strengthen security across Africa,” Gen. Musa added.

    On political affiliation, the Defence Minister indicated he might formally join the All Progressives Congress (APC), noting that he was transitioning from a military career into politics.

    He added that the confidence reposed in him through his appointment as minister shortly after his retirement made it imperative for him to give full support to the President.

  • 80 Kurmin Wali abductees escape from kidnappers’ den

    80 Kurmin Wali abductees escape from kidnappers’ den

    • Bandits blow up police station, kill man, abduct people in Niger

    Eighty of the 177 worshippers abducted from three churches in Kurmin Wali,  Kajuru Local Government Area of Kaduna State have escaped from their captors and reunited with their families.

    Eleven had escaped shortly after they were taken away on  January 18.  Kurmin Wali  Village Head Ishaku Dan’azumi, made this known yesterday.

    Also yesterday, the Niger State Police Command confirmed that its station in  Agwara was attacked with a dynamite by bandits. A church was also torched.

    The Nation also gathered that a nursing mother and her four children were abducted by the same bandits in the same community, while an elderly man was killed by the same bandits in Sokonbara, a nearby village in Kabe.

    Kurmin Wali  Village Head said the latest escapees(80)  first took refuge in neighbouring communities before returning home. He added that the remaining   86 other worshippers are still being held in the forest by the bandits.

    Dan’azumi, however, said it was unfortunate that even as the victims’ families are going through serious trauma,  some people are trying to politicise our situation.’’ 

    The village head  appealed to the government and the military ‘’to   expedite action to secure the release  of the remaining 86 people still in the bandits’ camp.”

    He lamented that Kurmin Wali and neighbouring villages had  long lived in fear of   bandits and kidnappers

    Kaduna State Police Public Relations Officer,   Mansir Hassan, said the police would soon issue a comprehensive report on it.

    There were conflicting accounts of the attack on the churches.

    READ ALSO: Mutfwang, Plateau APC and 2027 battle

    While the Kaduna State Police Command and the Kajuru Local Government Council initially dismissed reports of the mass abduction, community leaders and church officials insisted that scores of worshippers were taken away during services.

    The controversy deepened when a list of 177 alleged abductees, said to have been compiled by families and church leaders, surfaced following a public challenge by the Police Commissioner for concrete details.

    Chairman of the Christian Association of Nigeria (CAN) in the 19 Northern States and the Federal Capital Territory( FCT), Rev. John   Hayab, had earlier said that over 160 worshippers were abducted. 

    Residents maintained that the gunmen stormed the churches-Catholic, ECWA and Cherubim and Seraphim- shut the gates and marched congregants into the bush.

     Mother, four children abducted

    Niger State   Police Command  Public Relations Officer,  Abiodun, said the bandits first attacked the police station before moving to the UMC Church in Agwara. 

    He said:  “On 1/2/26 at about 3.40 am, armed bandits invaded Agwara community, attacked the Police station where they were engaged by the tactical team on the ground, used suspected dynamite to set the station ablaze, having overpowered the team.

    “ The bandits later moved to UMC Church in the community, burnt part of the church, proceeded to other areas and abducted about five persons whose identity is yet to be ascertained. Monitoring continues; further development will be communicated.”

    Sources told The Nation that the nursing mother and her children are members of Mallam Ahmed Burade. Barade, a former Niger State Union of Teachers (NUT) chairman and current headmaster of a primary school in Agwara, was said to have also been abducted, but he escaped during a clash between the bandits and local vigilantes.

    The bandits, according to one of the sources, headed for  Sokonbara near  Kabe, where they killed the elderly man before looting food supplies and valuables. 

  • How Tinubu has impacted Nigerians, by Presidency

    How Tinubu has impacted Nigerians, by Presidency

    • Inflation drop, reserve growth, investor return, others cited

    • Onanuga references The Economist’s positive analysis

    The Special Adviser to the President on Information and Strategy, Bayo Onanuga, has said President Bola Ahmed Tinubu has achieved significant economic gains in less than three years in office.

    He cited a recent assessment by The Economist.

    Onanuga, in a post on his verified X handle, @aonanuga1956, drew attention to the January 29 edition of the magazine, which reviewed the state of Nigeria’s economy before and after President Tinubu assumed office in 2023.

    He stated: “President Tinubu has not spent three years yet, and he has a lot to show for his stewardship.”

    He then shared excerpts from the magazine, which notes that President Tinubu inherited a deeply troubled economy marked by severe fiscal and monetary imbalances.

    According to the magazine, when President Tinubu took office, the Central Bank of Nigeria (CBN) faced unmet obligations of about $7 billion, equivalent to 1.4 per cent of GDP at the time, a situation that triggered a mass exit of international investors.

    The publication adds that the apex bank’s credibility had been undermined by loose monetary policy, mismanagement of foreign exchange reserves and the maintenance of an unsustainable multi-tier exchange rate regime, while the Federal Government spent about $10 billion, or 2.2 per cent of GDP, on fuel subsidy in 2022 alone.

    It says the Tinubu Administration responded with “drastic structural reforms,” including the removal of fuel subsidy and the unification of the foreign exchange market, allowing the naira to float more freely.

    The magazine further observes that monetary policy was aggressively tightened to curb inflation, while the government also moved to improve security in the Niger Delta and introduced tax incentives to attract investors and boost oil production.

    While acknowledging that Nigerians, particularly the poor and middle class, continue to feel the impact of higher fuel and food prices, the publication says the reforms appear to be yielding results.

    It notes that annual inflation, which peaked at 34.8 per cent in December 2024, fell sharply to 15.2 per cent by December 2025, while economic growth is returning, with the International Monetary Fund (IMF) projecting 4.4 per cent growth in 2026.

    READ ALSO: Mutfwang, Plateau APC and 2027 battle

    According to the assessment, the naira has stabilised after two major devaluations in 2023, and Nigeria’s foreign exchange reserves have risen to $46 billion, their highest level in seven years.

    The publication says improvements in macro-economic stability are restoring investor confidence, citing plans by Shell to finalise development of a $20 billion offshore oilfield by 2027 and a $1.5 billion deepwater investment commitment by Exxon Mobil.

    It adds that local business leaders are also more optimistic, with oil and gas output rising due to improved security and increased participation by indigenous firms in the Niger Delta.

    The magazine concludes that the reforms should provide the government with greater fiscal breathing room, particularly as a more competitive naira boosts non-oil exports such as cocoa and cashew nuts.

    The Economist analysis says: “It is difficult to overstate the mess Mr Tinubu inherited.

    “When he took office in 2023, the country’s central bank had $7billion (equivalent to 1.4 per cent of GDP at the time) in obligations it could not meet, prompting international investors to flee en masse.

    “The bank’s credibility had been dented by a recklessly loose monetary policy, its mismanagement of dwindling foreign-exchange reserves and efforts to maintain an unsustainable tiered exchange-rate system.

    “In 2022 alone, the cash-strapped government spent some $10billion, equivalent to 2.2 per cent of GDP, on a ruinous fuel subsidy.

    “To fix things, Mr Tinubu’s government got on with a package of drastic structural reforms. It abolished the fuel subsidy and abandoned that multi-tiered system of dollar-pegged exchange rates, largely allowing the naira to float.

    “The central bank aggressively tightened monetary policy to curb the resulting bout of inflation. The government also moved to improve security in the Niger Delta and offered a range of tax incentives to investors to boost dwindling oil production.

    “Nearly three years on, Nigeria’s 230 million people, especially the poor and the middle class, are still reeling from increases in fuel and food prices. Poverty has risen.

    “But it looks as though Mr Tinubu’s bitter medicine is helping. The annual inflation rate, which hit a nearly 30-year high of 34.8 per cent in December 2024, fell to 15.2 per cent in December 2025.

    “Growth is returning. The IMF expects the economy to expand by 4.4 per cent in 2026. Following two steep devaluations in 2023, the naira has stabilised (see chart). The central bank’s foreign-exchange reserves have risen to $46billion, their highest level in seven years.

    “Improvements in macro-economic stability are restoring investor confidence.

    “On January 22nd, Shell, a British company, said it hopes in 2027 to finalise plans, with partners, to develop a $20billion offshore oilfield that has been sitting untapped for over 20 years. Exxon Mobil, an American firm, has committed $1.5billion to deepwater development until 2027.

    “Local business leaders are more upbeat, too. Oil-and-gas production is rising, much of it driven by local firms plugging leaks and improving output in onshore projects in the Niger Delta, which has become safer thanks to Mr Tinubu’s focus on security there.

    “All these should give the government some fiscal breathing room, particularly as the cheaper naira begins to raise the competitiveness of Nigeria’s non-oil exports such as cocoa and cashew nuts.”

  • Troops kill ISWAP leader in Sambisa Forest

    Troops kill ISWAP leader in Sambisa Forest

    Troops of Operation HADIN KAI, a military offensive in the Northeast, have killed the Second-in-Command of the Islamic State of West Africa Province (ISWAP), Abu Khalid, in the Sambisa forest in  Borno State.

    The news came barely 24 hours after a top ISWAP commander, known as Julaibib, was neutralised by the troops during a fierce battle around Kimba in Damboa Local Government Area of the state.

    A military source told The Nation yesterday that Khalid was killed alongside 10 others during the Saturday night operation. 

    According to the source, Khalid was a key figure within the terrorist hierarchy, coordinating operations and logistics in the Sambisa axis.

    He said the troops engaged the terrorists in the Komala general area of Konduga Local Government Area at about 11 p.m. on Saturday, resulting in the killing of the terrorist leader and his foot soldiers.

    The source said troops recovered five AK-47 rifles, magazines, several bicycles, assorted logistics and food items, and a large cache of medical supplies.

    “No casualty was recorded among troops during the operation. Troops’ morale remains high as clearance operations continue across the Sambisa Forest, Mandara Mountains, Timbuktu Triangle and other known hideouts of Boko Haram and ISWAP in the North East region,” the source said.

    READ ALSO: The men who ruined a republic

    While reaffirming the troops’ commitment to sustaining the tempo of operations until all terrorist elements are neutralised and lasting peace  restored in  the region, the source said the military high command had “commended the troops for their sacrifices and dedication in the fight against terrorism and other criminal activities in the Northeast    and urged them to sustain the   tempo.”

    In the Northwest, scores of terrorists were also killed and others injured by troops of Operation Fansan Yamma during a gun battle in Maru Local Government Area of Zamfara State.

     The operation, according to Osoba,  followed credible intelligence that more than 100 bandits had assembled at the camp to plan large-scale attacks on nearby communities and military supply lines.

    He explained that ground troops and the Nigerian Air Force intercepted the bandits on January 31. 

    Osoba said: “A fierce firefight ensued as the terrorists attempted a flanking and encircle manoeuver. However, they were overwhelmed by the superior firepower of the troops.

    “While many bandits were eliminated, others fled with gunshot wounds. The camp was set ablaze before the troops withdrew.”

    The spokesperson confirmed that some soldiers lost their lives during the encounter. He added that a combat support vehicle caught fire after it was hit by an enemy rocket-propelled grenade.

    Osoba said the “  Nigerian Army honours the  fallen soldiers’ sacrifice and remains determined in its mission, combat efficiency remains high as troops continue to dismantle bandit networks and disrupt their supply chains across the region.” 

    He added that the Nigerian Air Force is currently conducting interdiction missions to intercept the fleeing remnants, while ground troops maintain dominance over the area.

  • Why LP is not any coalition against Tinubu, by Otti

    Why LP is not any coalition against Tinubu, by Otti

    Abia State Governor Alex Otti yesterday ruled out any coalition talks between the Labour Party (LP) and the African Democratic Congress (ADC) for the purpose of ousting the ruling All Progressives Congress (APC) from power in next year’s poll.

    He said LP is contented with the natural and structural coalition with the workers and the masses, who retain progressive values.

    Rather than entering alliance talks with any party, he said LP had notified the Independent National Electoral Commission (INEC) about its preparations for congresses and the national convention.

    Otti made the clarification during the first stakeholders’/ National Executive Council (NEC) of the party, following the recognition of the Esther Nenadi-Usman-led National Caretaker Committee (NC ) by the Independent National Electoral Commission (INEC).

    At the meeting held at the Abia Governor’s Lodge, Abuja were representatives of the Nigeria Labour Congress (NL), Trade Union Congress (TUC) and other members of the Interim National Working Committee.

    The clarification came on the heels of the alliance talks between the ADC and Action Democratic Party (APD) mooted by former Vice President Atiku Abubakar.

    The governor insisted that the LP was already a coalition on its own comprising the workers and people with progressive inclinations.

    Otti said: “Labour is already a coalition. This is the coalition of Nigerian workers and people who are progressive like-minded. So, I know when people talk about joining another coalition. We have no such plans.”

    READ ALSO: Mutfwang, Plateau APC and 2027 battle

    The governor lamented defection of its 2023 ñresidential candidate, Peter Obi, and some federal and state lawmakers from LP to the ADC..

    He said: “We regret the exit of the former leader of the party, Peter Obi. While we regret his exit, we wish him well. We have also resolved that the party should come together.

    “The NEC acknowledged that the party has lost some members, particularly those elected under its platform into the National Assembly, as well as some caretaker committee officers who have since been replaced. However, it maintained that the party remains strong.”

    Otti disclosed that the party would hold congresses from March 2026 and begin a nationwide revalidation of its membership, alongside the registration of new members.

    He said: “The National Working Committee (NWC) and other stakeholders are to organise congresses from the ward to zonal level to the national convention. The timetable has been drafted and INEC has been notified. Very soon, the congresses will happen and the national convention will follow.

    “The other issue is the revalidation of membership and a committee has been set up for congresses to start in March.”

    Otti said the stakeholders agreed to establish a reconciliation committee to engage aggrieved members willing to return to the party.

    He urged the former national chairman, Julius Abure, and his team to sheath their swords and return to the party.

    Otti added: “We also decided that we need to set up a reconciliation committee; the Interim National Working Committee will advise us on it. The whole idea is to reconcile everyone who is willing and desires to come back.

    “I call on Julius Abure and his people to sheath their swords and come back to the party. If they are willing to abide by the rules of the party, we will be happy to take them back.”

    Otti thanked INEC for recognising the Interim National Committee and uploading the names of LP leaders on its website in compliance with the Federal High Court of Abuja order.

    He lamented that the party also would not participate in the February 21 Federal Capital Territory (FCT) Area Council elections because of circumstances beyond its control.

    The governor also thanked supporters of the party and assured them that the platform would emerge stronger and more united.

    Atiku holds talks ADP leadership

    To expand the scope of opposition coalition ahead of 2027 elections ,Atiku has opened talks with the ADP leadership.

    ADP National Chairman Yabagi Sani, an engineer, confirmed the consultation in a statement in Abuja.

    He said: “Earlier today, the national leadership of the Action Democratic Party (ADP), led by the National Chairman,  Engr. Yabagi Yusuf Sani, held a high-level consultative meeting with  Atiku Abubakar, Wazirin Adamawa, as part of its ongoing engagements with key democratic stakeholders.

    “The consultation focused on protecting democratic pluralism, strengthening opposition stability, and safeguarding credible electoral choices ahead of the 2027 general election.

    “Discussions emphasised the importance of preserving democratic competition, ensuring stable and constitutionally compliant political platforms, and promoting responsible preparedness to protect voter choice and institutional integrity.

    “ADP reaffirmed its commitment to issue-based politics, constitutionalism, and broad national dialogue in the collective effort to deepen Nigeria’s democracy.

    “These consultations form part of ADP’s wider engagement strategy with political leaders, institutions, and stakeholders dedicated to a peaceful, credible, and competitive democratic process in 2027. Democracy thrives on dialogue. The future must be prepared for.”

    Yabagi, however, claried that the “engagement was not about a merger with any party, nor was it about recruiting any individual into ADP.

    He stressed: “The meeting formed part of ADP’s ongoing consultations with senior democratic stakeholders on protecting democratic pluralism, opposition stability, and responsible preparedness ahead of 2027. We believe such conversations are healthy and necessary in the current political environment.

    “There is no hidden agenda or transactional “catch.” ADP remains focused on institutional stability, constitutionalism, and keeping credible options open for Nigerians. Any future decisions, if and when they arise, will be taken transparently and communicated formally.”

    ‘APC coercing civil servants register as members’

    The African Democratic Congress (ADC) yesterday alleged that civil servants were being coerced by the All Progressives Congress (APC) to register as members.

    The party said in a statement by its Publicity Secretary, Bolaji Abdullahi, that public servants were being compelled to register under threats linked to job security, career progression and access to livelihoods.

    The ADC described the alleged practice as unacceptable, warning that compelling citizens to join a political party amounts to a violation of their constitutional rights.

    According to the party, freedom of thought, conscience and association are guaranteed under the Constitution and cannot be abridged by any government or political organisation.

    The party complained that the APC’s e-registration is being accomplished through coercion rather than voluntary political participation..

    ADC insisted that genuine party support should not require pressure or intimidation.

    It also warned that the development could undermine the neutrality and professionalism of the civil service, which is expected to remain non-partisan and loyal to the state rather than to any political party.

    The ADC said turning civil servants into partisan hostages could eroding public trust in governance and weaken institutional integrity.

    The party questioned the political value of any membership database compiled through coercion, saying that inflated figures do not necessarily translate into electoral support.

    It said: “A digital register does not translate to genuine political support. Databases do not vote; citizens do.”

    The ADC called on relevant authorities, including the Nigeria Data Protection Commission, labour unions, civil society organisations and the international community, to pay attention to the potential abuse of power and possible violations of data protection and human rights.

    It said that public servants should be allowed to exercise their political choices freely without fear or pressure from outside influences.