Author: The Nation

  • Police arrest murder suspect, recover victim’s  remains in Rivers

    Police arrest murder suspect, recover victim’s  remains in Rivers

    The Rivers State Police Command has arrested one Goodnews Iberi, a 26-year-old native of Rumuakunde Community in Emohua LGA, in connection with the kidnapping and murder of one Rita Special Eleonu, a 25-year-old female from Rumuekini Community in Obio Akpor Local Government Area.

    It was gathered that the arrest was following a distress report  by the victim’s brother.

    A statement signed by the Police Public Relations Officer (PPRO), CSP Grace Iringe-Koko said that on December 13, 2025, the suspect and four of his accomplices, at large, lured Rita to Rumuakunde axis in Emohua Local Government Area.

    The statement said the suspects kidnapped the victim and later took her  to an evil forest along the East/West Road in Emohua. 

    The police said the suspect collected a ransom N210,000 from the victim’s family before murdering her.

    The statement said: “Acting on this distressing, but credible piece of information, operatives of the command attached to the Anti-Cultism Unit (ACU)  Emohua annex , utilizing intelligence-led Policing, arrested Iberi on January 8, 2026, at about 0630hrs. in his hide out. 

    Read Also: Ondo police bust Togolese-led human trafficking syndicate, rescue victims in Akure

    “During preliminary interrogation, the suspect voluntarily confessed to the crime, highlighting his role and further Incriminating four other accomplices.

    “The suspect led police operatives to where the victim’s decomposing remains have been recovered from the forest and deposited at the University of Port-Harcourt Teaching Hospital (UPTH), morgue for autopsy”.

    The police said the suspect  was in police custody and an indepth investigation had been launched while efforts were ongoing to apprehend other members of his syndicate.

    The statement also quoted the  Commissioner of Police, Rivers State, CP Olugbenga A. Adepoju, as commending the diligence and swift action of the operatives in apprehending the suspect.

     He encouraged the public to maintain trust in police operations and to support the command with intelligence that could enhance prompt response and strengthen the collective fight against crime.

    He further urged citizens to remain calm, vigilant and report any suspicious activities to the authorities, and provide credible information that could aid in the arrest of other members of the syndicate.

  • FULL LIST: What to know ahead of Super Eagles Clash against Morocco

    FULL LIST: What to know ahead of Super Eagles Clash against Morocco

    Nigeria’s quest for a fourth TotalEnergies CAF Africa Cup of Nations title continues with a high-stakes semi-final clash against host nation Morocco at the Prince Moulay Abdellah Stadium in Rabat on Wednesday, 14 January. Kick-off is scheduled for 9pm local time.

    Nigeria head into the semi-final in perfect form, having won all five of their matches at the tournament, while hosts Morocco remain unbeaten with four wins and a draw.

    The clash will be the sixth Africa Cup of Nations meeting between the two sides, with each of the previous five encounters producing a decisive outcome. It is their first AFCON meeting in 22 years and only the second time they will face each other at the semi-final stage.

    Most of their previous AFCON meetings came in the group phase, with two matches in 1976, followed by encounters in 2000 and 2004. Morocco claimed victory in both meetings in 1976, while Nigeria recorded wins in 1980 and 2000. Their most recent AFCON clash was in 2004, when Morocco edged Nigeria 1-0 in the group stage.

    Nigeria’s only previous semi-final meeting with Morocco came in 1980, when a ninth-minute goal from Felix Owolabi secured a 1-0 win that paved the way for the Super Eagles’ first AFCON title.

    The Super Eagles have also had mixed fortunes against host nations at AFCON, posting three wins, three draws and four defeats in ten matches. This is the second consecutive tournament in which Nigeria are facing the host nation, following their encounters with Côte d’Ivoire at AFCON 2023.

    In knockout matches against hosts, Nigeria have recorded just one win in five attempts, with defeats in open play and on penalties highlighting the challenge they face. This semi-final marks Nigeria’s third direct knockout clash with a host nation, adding another layer of intrigue to the high-stakes encounter.

    Below is a clear, structured breakdown of all the key facts, historical meetings and tournament statistics ahead of the encounter, as outlined in CAF’s official release.

    Match Overview

    Fixture: Nigeria vs Morocco

    Stage: Semi-final

    Venue: Prince Moulay Abdellah Stadium, Rabat

    Date: Tuesday, 14 January

    Kick-off: 9pm local time (20:00 GMT)

    Tournament Form

    Both teams are unbeaten at AFCON 2025

    Nigeria: 5 matches, 5 wins

    Morocco: 4 wins, 1 draw

    AFCON Head-to-Head

    Sixth AFCON meeting between Nigeria and Morocco

    All previous five AFCON meetings produced a winner

    First AFCON meeting between both sides in 22 years

    Second time both teams are meeting in an AFCON semi-final

    Previous AFCON Meetings

    1976 Group Stage:

    Morocco 3–1 Nigeria

    Morocco 2–1 Nigeria

    1980 Semi-final:

    Nigeria 1–0 Morocco (Felix Owolabi, 9’)

    2000 Group Stage:

    Nigeria 2–0 Morocco (Finidi George, Julius Aghahowa)

    2004 Group Stage:

    Morocco 1–0 Nigeria (Youssef Hadji)

    Read Also: Oliseh: Super Eagles’ AFCON 2025 form is best in 20 years

    Overall Head-to-Head Record

    Total meetings: 11

    Nigeria: 3 wins

    Morocco: 6 wins

    Draws: 2 (both 0-0, AFCON 1984 qualifiers)

    Nigeria vs Host Nations at AFCON

    Matches played: 10

    Wins: 3

    Draws: 3

    Losses: 4

    Wins over hosts:

    Senegal (1992 group stage)

    Mali (2002 third-place match)

    Côte d’Ivoire (2023 group stage)

    Losses to hosts:

    Algeria (1990 group stage and final)

    Ghana (2008 quarter-finals)

    Côte d’Ivoire (2023 final)

    Nigeria in Knockout Matches vs Hosts

    Matches: 5

    Wins: 1

    Losses: 4

    Penalty defeat: Tunisia (2004 semi-finals)

    This semi-final is Nigeria’s third direct knockout match against a host nation.

    Nigeria – Key Statistics

    Defeated Algeria 2-0 in the quarter-finals

    Scored at least two goals in all five matches

    14 goals scored, their highest tally at a single AFCON

     First team since Cameroon in 2021 to reach 14 goals

    Scored in their last 12 AFCON matches

    Won five consecutive AFCON matches for the first time

    Record-extending 16th AFCON semi-final appearance

    Semi-final record: P15 W8 L7

    A win would send Nigeria into a ninth AFCON final

    Victor Osimhen:

    4 goals at AFCON 2025

    Directly involved in 10 AFCON goals (5 goals, 5 assists)

    Nigeria unbeaten in matches where he scores or assists

    3 knockout goals at the current edition

    Morocco – Key Statistics

    Beat Cameroon 1-0 in the quarter-finals

    Reached the AFCON semi-finals for the fifth time

     First semi-final appearance since 2004

    Second time reaching the semi-finals as hosts

    Only one semi-final win in previous appearances

    All previous semi-finals decided in open play

    Four clean sheets at AFCON 2025, their most ever

    Key players:

    Yassine Bounou: first Moroccan goalkeeper with four AFCON clean sheets

    Brahim Díaz: 5 goals, one short of Ahmed Faras’ AFCON scoring record

    Morocco have scored five set-piece goals, the most at the tournament

    What’s at Stake

    Nigeria are chasing a fourth AFCON title and a first-ever run of consecutive finals

     Morocco are seeking a first AFCON final in over 21 years and their first title since 1976

    With Nigeria’s attacking firepower up against Morocco’s defensive discipline and home support, the Rabat semi-final promises a defining contest at AFCON 2025.

  • Chelle hints at tactical shift ahead of Super Eagles’ clash against Morocco

    Chelle hints at tactical shift ahead of Super Eagles’ clash against Morocco

    Super Eagles head coach Éric Chelle has suggested a possible change in Nigeria’s approach as his side prepares to face hosts Morocco in tomorrow’s highly anticipated Africa Cup of Nations encounter.

    Speaking at his pre-match press conference, Chelle admitted his players are showing signs of fatigue after a demanding run in the tournament, prompting him to consider a more cautious game plan against the Atlas Lions.

    “I’ve noticed that my group is tired; it might be time for me to adjust my approach,” Chelle said. “We might perhaps leave the ball to Morocco and wait for them. We saw that they have difficulties when they play under pressure.”

    Read Also: Chelle stakes winning streak  against Atlas Lions

    The Franco-Malian tactician revealed that Nigeria could adopt a compact strategy early in the game before imposing themselves later on.

    “We’ll start that way, I think. We’ll hold on in the first half and try to play our game in the second half,” he added.

  • Tinubu mourns passage of Ogun’s former First Lady, Chief Lucia Onabanjo

    Tinubu mourns passage of Ogun’s former First Lady, Chief Lucia Onabanjo

    President Bola Ahmed Tinubu has expressed deep condolences to the Government and people of Ogun State and the Onabanjo family over the passing of Chief Lucia Onabanjo, former First Lady of the state and matriarch of the Onabanjo family.

    Chief Lucia Onabanjo died on Monday, January 12, at the age of 101 years.

    In a statement issued on Tuesday by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu sympathised with the family, friends and associates of the late wife of Victor Olabisi Onabanjo, the first civilian Governor of Ogun State.

    The President described the late matriarch as a woman whose life was marked by compassion, service and deep investments in humanity, noting that the volume of tributes following her passing reflected the impact she made across her community, Ogun State and the nation.

    President Tinubu commended Chief Onabanjo’s steadfast support for her husband during his tenure as governor between 1979 and 1983, describing her role as vital to the administration of that era.

    Read Also: Abiodun mourns as Mama Lucia Onabanjo dies at 101

    “Lucia Onabanjo’s strong support for her husband when he served as Ogun State Governor for four years, 1979–1983, was commendable, and her keen interest in issues of children and the empowerment of women was exemplary,” the President said.

    He added that her enduring commitment to charity and kindness would continue to resonate beyond her lifetime.

    “I do not doubt that her legacy of charity and kindness will continue to resonate,” Tinubu stated.

    The President urged the Ogun State Government and members of the Onabanjo family to immortalise her memory by projecting and sustaining her legacy of compassion, particularly her love for the poor and vulnerable.

    He also offered prayers for the repose of her soul and for strength for the bereaved family.

    “I pray that the Almighty God will receive Lucia Onabanjo’s soul and continue to strengthen her family,” the President added.

  • UAE trade pact opens duty-free access for Nigerian exports — Oduwole

    UAE trade pact opens duty-free access for Nigerian exports — Oduwole

    … Minister says pact removes tariffs on 7,000 Nigerian products, boosts exports and jobs

    … Agreement positions Nigeria as gateway for investors into AfCFTA market

    Nigeria’s Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has said the Comprehensive Economic Partnership Agreement (CEPA) signed between Nigeria and the United Arab Emirates (UAE) will deliver far-reaching benefits for Nigerian businesses, professionals and workers, while accelerating the country’s economic diversification drive.

    Oduwole made the clarification on Tuesday in Abu Dhabi following the signing of the agreement on the sidelines of the 2026 Abu Dhabi Sustainability Week, describing the pact as a historic milestone in Nigeria’s trade relations.

    She said the CEPA, negotiated under the Renewed Hope Agenda of Bola Ahmed Tinubu, prioritises market access for Nigerian goods and services, attracts quality investment inflows and strengthens Nigeria’s position in global trade.

    Under the agreement, the UAE will immediately eliminate tariffs on more than 7,000 Nigerian products, granting duty-free access to agricultural and industrial exports such as fish and seafood, oil seeds, cereals, cotton, pharmaceuticals and chemicals.

    According to the minister, tariffs on Nigerian machinery, vehicles, electrical equipment, apparel and furniture will also be phased out over the next three to five years, providing a competitive pathway for Nigerian manufacturers into one of the world’s most dynamic trading hubs.

    According to a statement made available to journalists at the State House, Abuja, Oduwole said Nigerian businesses would also benefit from expanded commercial presence in the UAE, including the ability to establish corporate entities, branches and subsidiaries.

    She added that Nigerian business visitors can now enter the UAE for up to 90 days within a year to explore trade and investment opportunities, while executives, managers and specialists may relocate under renewable three-year intra-corporate transfer arrangements.

    On investment, the minister said the agreement addresses longstanding barriers to foreign direct investment by providing clarity and confidence for UAE investors seeking opportunities in Nigeria’s productive sectors.

    She explained that the pact would support Nigeria’s industrialisation agenda, enhance transport and logistics connectivity and create quality jobs for the country’s youthful population.

    Oduwole also outlined Nigeria’s commitments under the agreement, noting that the country will eliminate tariffs on about 6,000 products, with 60 per cent removed immediately and the rest phased over five years.

    She said these imports are largely industrial inputs, capital goods and machinery required to strengthen Nigeria’s productive capacity, adding that Nigeria’s Import Prohibition List remains intact.

    Read Also: Nigeria to co-host Investopia with UAE in February, seals trade pact

    On services, Nigeria has made commitments covering 99 specific services across 10 sectors, including business, communications, transport, finance, construction, health, environment, tourism and recreational services.

    Describing CEPA as a strategic instrument for economic transformation, the minister said the agreement incentivises Nigerian manufacturers to scale production for export and positions Nigeria as a gateway for investors targeting the African Continental Free Trade Area market of 1.4 billion people.

    She disclosed that UAE institutional investors, including First Abu Dhabi Bank, have already shown unprecedented participation in Nigeria, particularly in infrastructure financing such as the Lagos–Calabar Coastal Road.

    Oduwole said the agreement signals accelerated deals in agriculture, real estate, digital banking, retail and infrastructure financing, noting that it aligns fully with Nigeria’s obligations under the World Trade Organisation, AfCFTA and ECOWAS.

    She assured that the Federal Ministry of Industry, Trade and Investment, working with agencies such as the Nigeria Customs Service, Nigerian Export Promotion Council, Nigerian Investment Promotion Commission and the Standards Organisation of Nigeria, would ensure swift implementation of the agreement.

    “The Agreement was negotiated for the Nigerian private sector,” she said, urging businesses to seize the new market access opportunities and expand confidently into the UAE and beyond.

  • NARD applauds Tinubu’s role, keeps strike suspension under review

    NARD applauds Tinubu’s role, keeps strike suspension under review

    The Nigerian Association of Resident Doctors (NARD) has commended President Bola Tinubu for his intervention in resolving the ongoing standoff with the Federal Government over members’ welfare and the state of health-sector infrastructure in the country.

    While the union expressed appreciation for the Federal Government’s commitment, as conveyed by President Bola Tinubu through Vice President Kashim Shettima, it stated that the agreement, which led to the suspension of its “Total Strike 2.0,” remains subject to review within two weeks. 

    The union further warned that failure to fully implement the immediate reinstatement of two of the seven previously disengaged doctors could become a fresh source of contention.

    Speaking at a press briefing in Abuja on Tuesday, the NARD President, Dr Mohammad Suleiman, flanked by union executives, insisted that the recommendation to transfer two of its members out of the Federal Teaching Hospital, Lokoja, is unacceptable and firmly rejected by the association.

    He explained that although discussions are ongoing, the association has made it unequivocally clear that the redeployment of the affected doctors is unacceptable, warning that such a move could set a dangerous precedent for collective labour action nationwide.

    “There is a clear commitment that all our members should return to Lokoja. Anything short of that is unacceptable to us,” Suleiman said, stressing that allowing transfers could legitimise punitive redeployments of union leaders for legitimate labour agitation.

    While commending the government for the steps taken so far to avert a nationwide strike, Suleiman highlighted several of the union’s demands that have recorded measurable progress in their resolution.

    On welfare matters, NARD disclosed that the Federal Ministry of Health and Social Welfare has formally communicated with the Office of the Attorney General of the Federation on the implementation of the corrected professional allowance, adding that the provision has been captured in the 2026 budget proposal.

    The association also confirmed that, following interventions by key stakeholders, the Federal Ministry of Labour and Employment has written to the Ministry of Finance and the Office of the Accountant-General of the Federation regarding the urgent need to clear the outstanding 25.5 percent CONMESS arrears. 

    Suleiman expressed optimism that payment would be expedited.

    In addition, he said promotion arrears owed to medical officers from 2020 to 2024 have been forwarded to the Ministry of Finance, noting that discussions are ongoing and that assurances have been received that a payment plan will be developed soon.

    Similarly, salary arrears owed to four federal health institutions have been transmitted from the Ministry of Health to the Ministry of Finance, with engagements continuing on an expanded payment framework.

    Suleiman also confirmed that the Federal Ministry of Health has communicated with Chief Medical Directors nationwide on the approved entry level for medical doctors in the civil service, in line with the directive of the Head of the Civil Service of the Federation. 

    The NARD president confirmed that the letters have been acknowledged by relevant implementing authorities.

    The union commended the constitution of a multi-stakeholder committee comprising the Medical and Dental Council of Nigeria, the Committee of Chief Medical Directors, the Postgraduate Medical Colleges and NARD, chaired by the Director of Hospital Services, to address issues of membership certificate recategorisation and the non-issuance of Part I postgraduate certificates. 

    However, it made several demands callinh for the swift resolution of House Officers’ welfare concerns, immediate implementation of the professional allowance from January 2026 with payment of all arrears, and sustained engagement to clear outstanding salary and allowance arrears across federal and state health institutions. 

    It also rejected the proposed six-month job evaluation timeline, demanded urgent intervention to address decaying infrastructure and obsolete equipment, and called for the reconvening of the Special Pension Benefits Committee alongside accelerated implementation of all previously agreed demands.

    Based on these developments, NARD stated that it has given the Federal Government a two-week window to implement the agreed-upon measures, after which the situation will be reviewed at the association’s National Executive Council (NEC) meeting later this month.

    Read Also: BREAKING: NARD suspends nationwide strike

    Praising Vice President Shettima for his intervention, and noting that he acted on behalf of the President and demonstrated strong commitment to resolving the dispute, Suleiman said, “If we did not believe in the sincerity and capacity of the Vice President, we would already be on strike,” NARD said, explaining that the decision to shelve industrial action was based on agreed timelines and visible progress.

    Addressing concerns over the reported ₦90 billion allocation for health sector remuneration, he clarified that the 2026 budget proposal is still before the National Assembly and that remuneration-related provisions could be captured under different budget components, including personnel costs and service-wide votes.

    While he recalled that previous arrears were lost when service-wide votes were suspended in successive budget cycles, forcing President Tinubu in 2025 to make special provisions to clear them, Suleiman said it was that development that informed the union’s insistence on firm budgetary guarantees before suspending strike action.

    “It is not about whether ₦90 billion has been sighted in the budget yet,” he said, noting that less than 20 percent of the amount would go to resident doctors, with the bulk benefiting other health workers and senior doctors.

    He urged the public to focus on the broader issue of healthcare worker welfare and system sustainability, while reaffirming NARD’s commitment to continued engagement with the Federal Government and the National Assembly.

  • The Nation correspondent emerges Oyo Chapel’s chairman

    The Nation correspondent emerges Oyo Chapel’s chairman

    The Oyo State Correspondent of The Nation Newspapers, Yinka Adeniran on Tuesday emerged the Chairman of the Correspondents’ Chapel of the Nigerian Union of Journalists (NUJ), Oyo State Council.

    Adeniran was declared winner after polling 31 votes to defeat his closest rival, John Alabi of Silverbird Television who scored 10 votes.

    For the position of the Secretary, Rotimi Agboluaje of The Guardian polled 31 votes to defeat Musliudeen Adebayo of Daily Post who had 10 votes.

    Also in the election, Remi Koleosho and Sheu Sulaimon both of the News Agency of Nigeria (NAN) were elected Vice Chairman and Treasurer respectively.

    The election was monitored by officials of the state Council including, Comrade Temiday Adu (Secretary), Comrade Moses Morenikeji (Treasurer) and Comrade Khalid Imran (Ex-officio).

    In a brief remark before swearing-in the new leaders, the Chairman, Oyo State Council of the NUJ, Comrade Akeem Abas who was also present to participate in the process which held at the  Correspondent Chapel Secretariat, Mokola, Ibadan, expressed gratitude for the peaceful conduct of the Correspondent Chapel members and the success the election.

    He said the Chapel where he is also a member has conducted one of the best elections recorded in the history of state Council, while charging members to be of good conduct and professional in all their endeavours.

    He charged the new leadership to promote professionalism and ethical practice while showing concern for the interest of their members.

    The election was the first to be so monitored and conducted by the Akeem Abas led leadership having just spent barely one month in office as the State Chairman.

    In his acceptance speech, the new Correspondent Chapel Chairman, Adeniran appreciated all leaders, elders and members for their support, commending them for giving him the opportunity to lead the Chapel at a time like this.

    He said while he works to build a common front for the Chapel, he will, with the collaboration of all members work to restore the lost glory of the profession among the members while ensuring that their interest is protected every time.

    He assures that himself and other members of his team are firstly members of the Chapel before assuming the position of leaders, while assuring the members that his team will serve for the good of humanity and for the progress of the Chapel, and the Union at large.

    Adeniran also called on the members to support and work with the executive members to attain success for the Chapel.

    Out of the 48-members register, 42 members were accredited to vote while one vote was voided in both the Chairmanship and Secretary election of the Chapel.

  • Ondo police bust Togolese-led human trafficking syndicate, rescue victims in Akure

    Ondo police bust Togolese-led human trafficking syndicate, rescue victims in Akure

    The Ondo State Police Command has apprehended three suspected human traffickers led by a Togolese and rescued several victims in Akure, the state capital.

    The command disclosed development in a statement issued on Tuesday by its spokesperson, DSP Jimoh Abayomi, and made available to journalists in Akure.

    Abayomi said the arrest followed an intense investigation into a suspected trafficking syndicate operating at the Oda town in Akure South Local Government Area of the state.

    According to him, trouble began in June 2024 when a 30-year-old Togolese national, John Apiah, relocated to Oda to work as a hair stylist.

    He said Apiah was said to have met two young women, Blessings Assiah, 22, and Laro Larisa, 21, with whom he later rented a one-room and parlour self-contained apartment belonging to a 40-year-old landlord, Owoeye.

    Abayomi said that police investigations revealed that Apiah allegedly used the two women to lure unsuspecting victims with false promises of securing international passports and American visas.

    He noted that the suspects were said to have collected 600,000 CFA from Charity Paketerima, 27; 500,000 CFA from Mohammed Assiah, 25; and another 500,000 CFA from Kanate Dekadja, 35, under the guise of processing travel documents.

    Abayomi stressed that after collecting the money, the victims were lodged in a hotel before being moved to the rented apartment in Oda town, where they were allegedly kept under suspicious conditions.

    “Preliminary investigation revealed that sometime in June 2024, one John Apiah, male, aged 30 years, a Togolese national, came to Oda Town, Akure to work as hair stylist, where he met two young women identified as Blessings Assiah, female, aged 22 years, and Laro Larisa, female, aged 21 years. The trio subsequently rented a one room and palour apartment from one Owoeye, male, aged 40 years, in Oda Town.

    Read Also: Ondo police arrest ‘fleeing motorcycle thieves’ in Edo, recover stolen bike

    “Further investigation showed that John allegedly used the two women to lure unsuspecting victims with promises of procuring international passports and American visas. In the course of this fraudulent operation, the suspect reportedly collected the sum of 600,000 CFA from Charity Paketerima, female, aged 27 years; 500,000 CFA from Mohammed Assiah, male, aged 25 years; and 500,000 CFA from Kanate Dekadja, male, aged 35 years.

    “After collecting the money, the victims were initially lodged in a hotel before being moved to the suspects’ rented apartment in Oda Town, where they were kept under suspicious circumstances.

    “Acting on credible intelligence, the Police promptly swung into action, leading to the rescue of the victims and the arrest of the suspects,” he said in the statement.

    Reacting, the Commissioner of Police in the state, Adebowale Lawal, warned landlords and property owners to always conduct proper background checks on prospective tenants to prevent their properties from being used for criminal activities.

    He reaffirmed the command’s commitment to combating human trafficking and other trans-border crimes, while urging residents to support the police with credible information to enhance security across the state.

  • Nigeria to co-host Investopia with UAE in February, seals trade pact

    Nigeria to co-host Investopia with UAE in February, seals trade pact

    …pact to deepen cooperation in renewable energy, infrastructure, logistics and digital trade

    …President targets $30bn yearly green finance, invites investors to Lagos-hosted Investopia

    President Bola Ahmed Tinubu on Tuesday announced that Nigeria will co-host Investopia with the United Arab Emirates (UAE) in Lagos in February, as part of renewed efforts to attract global investors and accelerate sustainable investment inflows into the country.

    The President made the announcement at the 2026 Abu Dhabi Sustainability Week (ADSW), where Nigeria also concluded a Comprehensive Economic Partnership Agreement (CEPA) with the UAE to deepen bilateral trade and cooperation across key growth sectors.

    On the sidelines of the summit, President Tinubu and Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, witnessed the signing of the CEPA, alongside Nigeria’s Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, and the UAE Minister of Foreign Trade and Minister in charge of Talent Attraction and Retention, Dr Thani bin Ahmed Al Zeyoudi.

    Describing the agreement as historic and strategic, President Tinubu said CEPA would expand cooperation between both countries in renewable energy, infrastructure, logistics, digital trade, aviation, agriculture and climate-smart infrastructure, while creating enduring opportunities for their peoples.

    According to a statement issued by his Special Adviser on Information and Strategy Bayo Onanuga, President Tinubu explained that Investopia would serve as a global platform bringing together investors, innovators, policymakers and business leaders to convert ideas into actionable investments.

    “We warmly invite our partners to join us and help build the next chapter of sustainable and shared prosperity for Nigeria, Africa, and the world,” the President said.

    Addressing the summit, Tinubu disclosed that Nigeria is targeting the mobilisation of up to $30 billion annually in climate and green industrial finance as it accelerates energy-transition reforms and expands electricity access nationwide.

    “The foundation of every modern economy is electricity,” he said, noting that Nigeria understands the need to balance industrialisation with decarbonisation, ensuring neither is pursued at the expense of the other.

    He called for reforms in the global financial architecture, urging a shift away from the restrictive requirement of sovereign guarantees that often disadvantage developing economies.

    “Instead, the focus should be on blended finance and first-loss capital mechanisms that allow private sustainable capital flows directly into our green projects without further straining national balance sheets,” Tinubu said.

    The President said Nigeria has strengthened its climate governance framework through the adoption of a National Carbon Market Activation Policy and the launch of a National Carbon Registry, measures he said are designed to improve transparency and boost investor confidence.

    He identified the Electricity Act 2023 as a cornerstone of Nigeria’s energy reforms, explaining that it enables decentralised power generation and distribution, particularly to underserved communities.

    Read Also: Gold, Lithium position Nigeria as Africa’s minerals supply hub – Alake

    Tinubu added that Nigeria’s climate investment drive includes a $500 million distributed renewable energy fund backed by the Nigeria Sovereign Investment Authority and a $750 million World Bank programme expected to expand clean electricity access to more than 17.5 million people.

    Reaffirming Nigeria’s commitment to net-zero emissions by 2060 under its Energy Transition Plan, the President said the country would continue to pursue industrial growth alongside universal energy access.

    He also invited foreign investors to partner with Nigeria in its lithium and critical minerals sector, stressing government priority for local processing and value addition.

    Highlighting the impact of ongoing economic reforms, Tinubu said Nigeria has recorded a 21 per cent growth in non-oil exports, alongside rising capital importation and over $50 billion in investment commitments across key sectors.

    “These reforms, alongside wider fiscal and monetary measures, are delivering results. We are ready to work with partners across the world to ensure that the next era of development is not only green and inclusive, but just and enduring”,  he said.

  • NELFUND to clear backlog of upkeep allowance of 11,685 student loan beneficiaries totalling N927.98m

    NELFUND to clear backlog of upkeep allowance of 11,685 student loan beneficiaries totalling N927.98m

    The Nigerian Education Loan Fund (NELFUND) has disbursed more than N161.97 billion to tertiary institutions for tuition fees and upkeep for over 864,798 students across the country.

    The agency said it recorded over 1.36 million loan applications from eligible students on its portal.

    Managing Director of NELFUND, Akintunde Sawyerr, gave these details on Tuesday during a press conference in Abuja, where he provided an update on the performance of the student loan scheme and addressed concerns over delayed upkeep allowances.

    Sawyerr said the organisation was in the process of reconciling outstanding students’ upkeep payments amounting to N927.98 million, affecting 11,685 beneficiaries nationwide.

    The NELFUND boss explained that the outstanding payments were uncovered following a routine reconciliation conducted at the end of the 2024/2025 academic session.

    He clarified that the delays were not the result of withheld funds or policy failures, but were caused by technical and operational challenges, including temporary network downtime, failed transactions, and difficulties validating some student’s bank account details.

    According to him, the reconciliation process will involve direct engagement with affected students, a defined grace period for updating or submitting alternative bank account details, and multi-layer validation involving the fund’s IT, client support, audit and finance teams.

    The NELFUND boss added that payments will be made promptly once verification was completed.

    Sawyerr said, “Our team carried out a routine reconciliation of student upkeep payments. This process revealed that 11,685 students currently have outstanding upkeep payments totalling N927.98 million.

    “Let me be very clear, these are not cases of withheld funds or policy failure. Rather, they are the result of technical and operational issues, including temporary network downtime, failed transactions, and instances where bank account details could not be validated at the time of processing.

    “In line with the President’s directive on accountability and efficiency in public service, Management has approved a one-time, focused reconciliation process to resolve all outstanding cases. This includes direct engagement with affected students and a defined grace period for updating or providing alternative bank account details.”

    Sawyerr noted that since the launch of the NELFUND Student Loan Portal, the response from Nigerian students has been significant and encouraging.

    He said that as of Tuesday, January 13, a total of 1,361,011 applications have been received, while 864,798 students have so far benefited from the loan scheme, with total disbursement standing at N161.97 billion.

    He explained that N89.94 billion was paid directly to 263 tertiary institutions for tuition and institutional fees, and N72.03 billion was paid directly to students as upkeep allowances.

    Sawyerr said, “These figures are not just statistics. They represent real lives impacted, real barriers removed, and real opportunities created.”

    He added that the student loan scheme reflected President Tinubu’s firm belief that no Nigerian child should be denied education because of financial limitations.

    Sawyerr assured students and their families that NELFUND remains committed to fairness and efficiency, noting that the fund’s systems are designed not only to disburse funds, but also to protect public resources and ensure accuracy.

    Read Also: The NELFUND We praise, The man we forget

    He added that the N20,000 monthly upkeep allowance has helped ease financial pressure on students and reduce dropout rates across tertiary institutions.

    Sawyerr said that NELFUND plans to expand its sensitisation efforts beyond campuses to parents, guardians, traditional rulers and community leaders, in order to deepen trust and awareness of the scheme at the grassroots level.

    He said, “This year, our focus will expand to another very important group within the NELFUND ecosystem: parents, guardians, and traditional institutions.

    “We will be engaging traditional rulers, community leaders, parents, and faith-based institutions, taking the message of NELFUND to churches, mosques, motor parks, and community spaces across the country.

    “This is about taking NELFUND to the grassroots, ensuring that families understand the scheme, trust the process, and are empowered to support their children in accessing higher education.”

    Executive Director, Operations, NELFUND, Mustapha Iyal, disclosed that a total of 325 institutions have been onboarded for the 2025/2026 academic session, which commenced in November last year, with eligible students of about 3,730,331.

    He added that 283,275 loan applications have been verified for the 2025/2026 academic session, while N12.5 billion has been disbursed as institutional charges to 117,640 beneficiaries.

    Iyal added that upkeep payments for these students will commence this January.

    He explained that upkeep is paid per session, not for the entire 12 months, and urged students to apply for each session to receive the allowance.