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Category: Featured

We’ll mobilise all military assets against insecurity, says Tinubu

…President tasks Army on professionalism, apolitical posture

…Sanwo-Olu, Musa, service chiefs, military icons attend COAS conference in Lagos

President Bola Tinubu on Monday vowed to deploy all military and security assets against terrorism, banditry and other heinous crimes threatening the peace of the country.

He made the promise at the opening ceremony of the Chief of Army Staff (COAS) annual conference held in Lagos.

Tinubu, who was represented by the Vice President, Kashim Shettima, reassured of his government’s commitment to restore the country’s pride.

“We are primarily committed to the modernisation of the armed forces through improved training, modern equipment, and enhanced operational capacity to confront evolving threats.

He revealed that plans to acquire more mine-resistant ambush-protected vehicles, armored vehicles, and patrol vehicles were underway, adding that over 100 armoured fighting vehicles have been refurbished and

returned to active service.

“These efforts reflect our clear commitment to strengthening the Nigerian Army’s operational readiness,” he said.

According to the President, the government was deepening partnerships with friendly nations to expand research, innovation and indigenous production aimed at ensuring a new reliance in defense and security.

Commending the military on the gains recorded in anti-terror war, Tinubu said, “The positive reports emerging from the various theaters of operations are encouraging and stand as testimony to your courage, resilience, and professionalism.

“The gains recorded through joint operations with sister services and other security agencies further underscore the power of unity of purpose in our collective resolve to safeguard the nation.

“The Nigerian Army must continue to uphold its apolitical posture and operate strictly within the framework of the constitution and the national security strategy,” he said.

Tinubu also praised the Army’s civil-military cooperation initiatives across the country, noting that it was a testament of the service’s understanding that security is also about winning hearts, restoring dignity, and improving the people’s quality of life.

He said that his administration would continue to provide the motivation, support, and resources required for the Nigerian Army to excel in its noble duty of defending the country’s territorial integrity.

Lagos State Governor, Babajide Sanwo-Olu, noted the relationship between security and development, applauding the Army for preserving Nigeria’s territorial integrity and safeguarding national unity.

“Today’s Nigerian Army operates in an era defined by complex and evolving threats -terrorism, insurgency, banditry, transnational crime and other non-traditional security challenges.

Addressing these threats requires intelligence-led operations, adaptability and robust inter-agency cooperation.

“Encouragingly, the Nigerian Army has continued to evolve in response to these realities. I have observed with pride the ongoing restructuring and modernisation of the Army, the introduction of new platforms, improved training doctrines and a renewed emphasis on professionalism. These efforts clearly reflect an institution that is deliberately repositioning itself to meet the demands of a modern, constitutionally guided force” he said, appreciating 81 Division of the Nigerian Army for contributing to the peace being enjoyed in Lagos.

Minister for Defence, Gen. Christopher Musa (rtd) said the operational capacity of terrorist groups has been significantly degraded across multiple theatres, adding that the gains reflected the courage of troops, improved planning and execution, as well as the growing impact of coordinated operations conducted within a joint and multi-agency framework.

Musa said that the conference remained a vital strategic forum for the Nigerian Army to review its operational posture, assess its readiness and professionalism, and align its future direction with national security priorities.

“The importance of this conference cannot be overstated, particularly in light of the complex and evolving security environment confronting our nation. Nigeria continues to face a combination of terrorism, insurgency, banditry, transnational crime and other asymmetric threats that demand sustained strategic focus, clarity of purpose and adaptive leadership.

“Accordingly, the Ministry of Defence will continue to provide strategic direction, policy support and capability development to ensure that the Armed Forces of Nigeria remain professional, responsive and future‑ready.

“The ministry will also strengthen institutional frameworks that promote accountability and effectiveness,” he said.

Musa commended the COAS, Lt.-Gen. Waidi Shaibu for his vast operational experience, particularly in the North-East, and for the leadership he continued to provide.

“However, experience alone is not enough; we must continually ask ourselves what more can be done differently to decisively defeat enemies of the state.

“We must evolve new strategies and remain proactive, innovative and resolute,” the minister said.

The COAS, Lt.-Gen. Shaibu said the conference provided an invaluable platform for strategic reflection, robust engagement and the exchange of ideas on how best to strengthen civil-military cooperation.

“The gathering will also help deepen inter-agency collaboration and enhance our collective response to security challenges confronting our nation,” he said.

Shaibu said that the Nigerian Army was deliberately transforming into a more professional, adaptive and technology-driven force, capable of effectively addressing both conventional and asymmetric threats.

“Each officer and soldier of the army is a critical stakeholder in this transformation. I am confident that, within a short period, Nigerians will increasingly feel the positive impact of these reforms on national security and stability.

“Therefore, I urge us to remain guided by patriotism, professionalism and a shared commitment to the peace, progress and prosperity of our dear country,” he said.

The COAS thanked President Tinubu for his unwavering commitment to the welfare, professionalism and operational effectiveness of the Nigerian Armed Forces.

Shaibu said that Tinubu’s sustained support especially in the areas of personnel welfare, equipment modernisation, training and institutional reforms had significantly strengthened their capacity to respond to contemporary and emerging security challenges.

Highpoints of the event were the unveiling of a book on the life of service of the late COAS, Lieutenant-General Taoreed Abiodun Lagbaja, and the handing over of cheques to five families of deceased soldiers.

The conference brought together serving and retired service chiefs including Chief of Defence Staff (CDS), Olufemi Oluyede, Chief of Naval Staff (CNS), Vice Admiral Idi Abbas; former COAS, Gen Ipoola Akinrinade and Gen Azubuike Ihejirika; ex-Minister, Gen Ike Nwachukwu; former CDS Alexander Ogomudia, Gabriel Olonisakin and Lucky Irabor; Lagos State Commissioner of Police (CP) Olohundare Jimoh; Flag Officer Commanding (FOC) Western Naval Command (WNC), Rear Admiral Abubakar Mustapha, among others senior officers.

December 15, 2025
MTEF/FSP: FG targets aggressive revenue drive, savings mobilisation to curtail ₦152trn debt

…Nigeria records N30trn revenue shortfall for 2025

…as Senate panel urges FIRS to intensify public enlightenment on new tax reform laws

The Federal Government has announced a decisive shift away from heavy borrowing towards aggressive revenue mobilisation, as Nigeria’s public debt stock rises to about ₦152 trillion.

This is even as the Chairman, Senate Committee on Finance, Senator Mohammed Sani Musa, advised the Federal Inland Revenue Service (FIRS) to embark on aggressive nationwide enlightenment to prepare Nigerians for the new tax reform laws scheduled to take effect next year, warning that poor public understanding could undermine the gains of the far-reaching reforms.

Presenting the 2026-2028 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP), before the Senate Committee on Finance, the Minister of Finance and Coordinating Minister for the Economy, Dr Olawale Edun, said the focus of government policy going forward would be on strengthening revenue generation rather than accumulating new debt.

Edun further disclosed that the country recorded N30trillion revenue shortfall in the outgoing year.

According to him, out of the N40trillion revenue target for 2025, only the sum of N10trillion was realised.

“The focus of the Medium-Term Expenditure Framework is not on increased borrowing. The emphasis is squarely on revenue generation,” the minister told lawmakers.

He said the MTEF, which is a statutory requirement under the Fiscal Responsibility Act, sets out the government’s fiscal direction over a three-year period and reflects the realities confronting public finance.

On budget performance, the minister said the 2024 budget had been largely implemented, with both recurrent and capital components substantially executed.

He explained that the capital component of the 2024 budget was extended into 2025, with funding fully available for the finalised capital projects up to September.

“Funding is available for part of the remaining capital expenditure, while the balance is planned to be rolled over into the 2026 budget,” he said.

On the 2025 budget, he disclosed that funding arrangements and approvals had been secured, with about 30 per cent of the capital budget already funded.

According to him, the balance would also be rolled over into 2026, subject to the cooperation and approval of the National Assembly.

The minister admitted that weak revenue performance remains the biggest challenge to effective budget implementation.

He said total revenue for 2024 was projected at about ₦25.9 trillion, but actual federal government revenue stood at roughly ₦8.27 trillion.

“The reality is that revenue performance has consistently fallen short of budget estimates,” he said, adding that treasury management measures and financial engineering had been deployed to bridge the gap.

For 2025, he said revenue was estimated at about ₦40 trillion, but actual federal government cash revenue is projected at about ₦10 trillion, a gap he described as unsustainable.

“This historical trend clearly shows the need for a far more robust and realistic revenue effort going into 2026,” the minister said.

To address the challenge, he said the government is rolling out a comprehensive revenue optimisation programme anchored on automation, digitalisation, technology deployment and process re-engineering.

As part of the reforms, he disclosed that four circulars had been issued mandating revenue- and investment-generating ministries, departments and agencies to migrate to a transparent digital platform.

“They must stop collecting revenue in cash and must also stop deducting expenses or charges before remitting revenues to the Treasury Single Account,” he said.

The minister stressed that the reform would be a major pillar of the 2026 budget, noting that revenue projections in recent years had significantly exceeded actual collections.

Despite the revenue shortfalls, he said the government has continued to meet its key obligations.

“Even with revenue performance of about 25 per cent in some instances, salaries, pensions, statutory transfers and debt service—both domestic and foreign—have all been fully paid,” he said.

Explaining the surge in public debt, the minister said Nigeria’s total public debt rose from about ₦70 trillion in 2023 to approximately ₦152 trillion, largely due to transparency-driven adjustments rather than fresh borrowing.

“A significant portion of this increase—about ₦30 trillion—arose from bringing previously unrecorded Ways and Means financing onto the government’s books,” he said.

He added that about ₦50 trillion resulted from exchange-rate adjustments following Central Bank monetary policy actions to clear foreign exchange backlogs and rebuild external reserves.

“Consequently, about ₦80 trillion of the total debt stock does not represent new borrowing, but rather reclassification, regularisation and valuation adjustments,” the minister said.

He emphasised that the government is now looking beyond borrowing to mobilise domestic savings to drive growth.

“For an economy where about 90 per cent of activity is driven by the private sector, there must be broad-based mobilisation of savings,” he said.

According to him, President Bola Ahmed Tinubu is considering a public-private partnership initiative aimed at mobilising mass savings across the population.

“This will go beyond the relatively small number of Nigerians with pension or stockbroking accounts and encourage tens of millions of citizens to save and invest productively in the economy,” he said.

He urged lawmakers to support the proposed reforms, saying they are critical to restoring fiscal sustainability and strengthening the economy.

The Minister of Budget and Economic Planning, Senator Atiku Bagudu and Minister of State (Petroleum), Senator Heineken Lokpobiri in their submissions, defended the parameters set for the proposed N54. 4trillion 2026 budget.

The parameters are 1.84million oil production per day, $64.85 oil price benchmark, N1, 512.00 to 1USD as exchange rate etc.

Speaking at the interactive session with key revenue-generating agencies, ministries and departments, the committee chairman, Sani Musa, said the scope and implications of the new tax architecture being finalised by the National Assembly were extensive and would significantly alter Nigeria’s tax administration, incentives regime and revenue profile.

According to him, Nigerians must be adequately informed ahead of January 1, when several of the reforms are expected to commence, to avoid confusion, misinformation and resistance.

He stressed that FIRS, as the lead agency in tax administration, has a responsibility to clearly explain the benefits and obligations embedded in the new laws.

“With the kind of reforms that are coming, there will be serious issues if Nigerians are not properly enlightened.

“There is a strong need for FIRS, working with the Ministry of Finance and other relevant agencies, to step up public communication so citizens understand what these reforms mean for them and for the economy,” Musa said.

As part of the enlightenment drive, the lawmaker specifically called on FIRS to utilise national media platforms to clarify contentious issues around memoranda of understanding, incentives and compliance requirements, noting that he had received numerous complaints and enquiries from the public on such matters.

“The reforms are intended to strengthen tax administration and management, not to punish Nigerians. That message must be clearly communicated,” he said, while commending the participation of ministers, heads of agencies and stakeholders at the session.

The lawmaker noted that the National Assembly is pushing for a consolidated tax framework that simplifies compliance, removes duplication of charges and harmonises incentives, particularly to support investment, exports and revenue growth.

He explained that under the proposed tax regime, incentives would be streamlined into a single, development-focused framework rather than multiple, overlapping concessions that often result in revenue leakages.

He also highlighted ongoing reforms in Nigeria’s special economic and free trade zones, explaining that only 25 per cent of goods produced in the zones would be allowed into the Nigerian customs territory duty-free, while the rest would attract applicable taxes and duties.

He said the measure was designed to boost government revenue while ensuring that the zones truly serve as export hubs rather than channels for tax avoidance.

“We have realised that a lot of revenue has been missed over the years. These reforms are meant to close those gaps while still supporting investors to use Nigeria as a base to export across Africa under the African Continental Free Trade Area and to the rest of the world,” he added.

The committee chairman further disclosed that the Senate would, immediately after the Christmas recess, conduct investigative hearings to assess the actual budget performance of ministries, departments and government-owned enterprises, particularly in the area of revenue generation.

He said the outcome would inform an amortised fiscal strategy paper aimed at producing a more realistic and implementable national budget.

He urged revenue agencies and government-owned enterprises to align their projections with the realities of the new tax laws, stressing that the legislature would demand stronger revenue outcomes in the coming fiscal years.

The Committee expressed displeasure with multiple budgets implementation in a fiscal year by the federal government as experienced in 2025.

It consequently tasked the Federal Inland Revenue Service (FIRS), to increase its projected revenue target for 2026 from N31trillion to N35trillion.

He added that a three man adhoc committee would be set up by the committee to laise with the Minister and the Accountant-General of the Federation on payment of local contractors for projects executed in 2024 before expiration of the budget on 31st of this month.

For FIRS, Senator Sani Musa tasked its Chairman, Zacch Adedeji, to work towards realizing N35trillion as target revenue for 2026 fiscal year and not the earlier projected N31trillion mentioned by the Chairman.

The FIRS boss had in making the projection said the agency under him, realized N20.2trillion revenue in 2024 and N25.2trillion in 2025 .

He, however, said that the huge revenue being realized by FIRS and other agencies like Customs, are being swallowed and made insufficient by multiple budget implementations in a fiscal year.

December 15, 2025
Buhari taught Nigerians that public office is a trust, not a windfall – Tinubu
- …President eulogises late predecessor at biography launch, recalls integrity, humility and service
- …vows to honour and build upon Buhari’s legacy through discipline, compassion, and results
President Bola Tinubu on Monday said former President Muhammadu Buhari taught Nigerians, particularly the political class, that public office is a sacred trust and not a personal windfall, as he paid glowing tribute to the life and legacy of his late predecessor.

Tinubu spoke at the official presentation of the biography, “From Soldier to Statesman: The Legacy of Muhammadu Buhari,” held at the State House Conference Centre, Abuja, where he described Buhari as a leader whose reputation for integrity, discipline, and modest living endured long after the trappings of power had faded.

According to the President, the true measure of Buhari’s leadership was not the offices he occupied or the privileges that came with power, but “what persists when the sirens fall silent,” noting that the late former President left behind a legacy defined by honesty, restraint, and a firm belief that leadership is anchored in service.

Tinubu, who described himself as a brother, friend, and political partner to Buhari, recalled their shared political journey and the coalition-building efforts that culminated in the historic 2015 election victory, which unseated an incumbent government and reshaped Nigeria’s political landscape.

He said the alliance forged during that period had since evolved into the fastest-growing political party in Africa.

The President said the biography serves as an honest account of Buhari’s life and leadership, outlining both achievements and shortcomings, and urged future leaders to draw lessons from history rather than rely on empty slogans.

He identified humility, security, vision, and social justice as the enduring pillars of Buhari’s legacy, noting that the late leader preferred simplicity over extravagance, believed in self-discipline as the foundation of governance, and prioritised national security as the bedrock of prosperity.

Tinubu also highlighted Buhari’s long-term vision for infrastructure development, including roads, railways, bridges, and airports, as well as his commitment to targeted social investments aimed at protecting the poor and vulnerable.

He said Buhari’s consistent love for Nigeria and faithfulness to his oath of office earned him respect, even among critics, adding that their political experience together reinforced the importance of cooperation across differences in the task of nation-building.

Tinubu vowed that his administration would honour and build upon Buhari’s legacy, stressing that remembrance must go beyond rhetoric to the delivery of tangible results with discipline, compassion, and resolve.

“To my dear brother, President Muhammadu Buhari: though you are no longer with us, your impact endures. We will honour and build upon your legacy, not just by invoking your name, but by delivering results with discipline, compassion, and resolve,” Tinubu said.

The President commended the author of the book for enriching Nigeria’s collective memory and expressed hope that the biography would inspire young Nigerians as they reflect on leadership and public service.

In his welcome address, the Governor of Katsina State, Dikko Radda, portrayed the late former President as an incorruptible strategist whose leadership was defined by integrity and a deep understanding of national security.

Radda said Buhari’s foresight in security matters and his personal discipline set him apart as a leader committed to the protection of the state and the welfare of its citizens.

He also lauded the collaboration and camaraderie that existed between the late President and his successor, President Tinubu, which culminated in the victory that installed the ruling All Progressives Congress (APC) in 2015, adding that there could not have been a better successor than Tinubu.

Earlier, the author of the biography, Dr. Charles Omole, described the book as the most comprehensive account of the life and legacy of Muhammadu Buhari, explaining that the 600-page work addresses complex questions surrounding his journey, character, and leadership.

According to Omole, the book focuses not just on Buhari the public figure, but on the man himself—his guiding principles, values, and personal convictions.

He noted that one of Buhari’s enduring legacies is his family, particularly his children, whom he said were raised with forthrightness, balance, and strong emotional intelligence.

Speaking on behalf of the family, Buhari’s daughter, Hadiza Nana Buhari, said the biography transcends a mere historical record, capturing the rhythm of a life lived with restraint, steadiness, and an abiding belief that public office is a sacred trust.

She noted that while the story is not presented as flawless, “as no human story ever is, it challenges the next generation to build institutions strong enough to translate good intentions into lasting outcomes.

Nana Buhari urged young Nigerians to draw lessons from her father’s life by embracing integrity, moderation, and patience in their pursuit of success and service to the nation.

The event was graced by dignitaries from all walks of life, among whom were the President of The Gambia, Adama Barrow; members of the Buhari family, led by former First Lady, Hajiya Aisha Buhari; traditional rulers, including the Sultan of Sokoto, Muhammad Sa’ad Abubakar III; the Olu of Warri, Ogiame Atuwatse III, and others.

Also at the event were the Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen Buba Marwa (rtd), former Chief of Air Force, Air Marshal Isiaka Amoo (rtd); former Director-General of the Department of State Service (DSS), Alhaji Yusuf Bichi, former Chief of Naval Staff, Vice Admiral Awwal Gambo (rtd), and former Inspector-General of Police, Mohammed Asamu, all spoke on their experience with the late former President.
December 15, 2025
BREAKING: Ghana President, Dangote, Bayero, Owa Obokun, others storm Osun for chieftaincy installation

President of Ghana, John Mahama, business mogul Aliko Dangote and several prominent traditional rulers on Monday arrived in Ile-Ife, Osun State, for the installation of Mahama as the Aare Atayeto Oodua.

Among the dignitaries present were the Emir of Kano, Ado Bayero; the Owa Obokun of Ijesaland, Oba Clement Haastrup; the Olofa of Offa, Oba Mufutau Oloyede Esuwoye; as well as other royal fathers and industry leaders.

Also, in attendance was former President of Botswana, Mokgweetsi Eric Keabetswe Masisi, alongside monarchs from Ghana and other invited guests.

The installation ceremony took place at the palace square in Ile-Ife amid fanfare, with heavy security deployed at the venue due to the presence of many high-profile personalities.

Mahama arrived at the ceremony around 1:30pm in a royal automobile-powered chariot.

Speaking at the event, the Ooni of Ife, Oba Adeyeye Ogunwusi, described Mahama as a reformer, noting his leadership qualities and contributions to governance in Africa.

Details shortly….

December 15, 2025
BREAKING: Supreme Court upholds President’s power to declare emergency rule, suspend elected officials

The Supreme Court has upheld the President’s power to declare a state of emergency in any state to prevent a breakdown of law and order or a descent into chaos or anarchy.

The apex court, in a split decision of six-to-one on Monday, held that the President, during a state of emergency, can suspend elected officials, but that such suspensions must be for a limited period.

Justice Mohammed Idris held, in the lead majority judgment, that Section 305 of the Constitution empowers the President to deploy extraordinary measures to restore normalcy where emergency rule is declared.

Justice Idris noted Section 305 is not specific on the nature of the extraordinary measures, thereby granting the President the discretion on how to go about it.

The judgment was on the suit filed by Adamawa and 10 other Peoples Democratic Party-led states challenging the propriety of the state of emergency declared by President Bola Tinubu in Rivers State, during which elected state officials were suspended for six months.

Justice Idris, in the earlier part of the judgment, upheld the preliminary objections raised by the two defendants against the competence of the suit.

In upholding the objections raised by the Attorney General of the Federation (AGF) and the National Assembly (the defendants), Justice Idris held that the plaintiffs (the 11 PDP states) failed to establish any cause of action capable of activating the original jurisdiction of the apex court.

He struck out the suit for want of jurisdiction, proceeded to also determine the case on the merits, and dismissed it.

However, Justice Obande Ogbuinya dissented and held that the case succeeded in part.

Justice Ogbuinya held, among others, that although the President could declare a state of emergency, the President cannot use such power as a tool to suspend elected state officials, including governors, deputy governors, and members of parliament.

Details shortly…

December 15, 2025
JUST IN: Supreme Court strikes out PDP states’ suit against emergency rule in Rivers

The Supreme Court has struck out the suit filed by Adamawa and 10 other Peoples Democratic Party-led states challenging the propriety of the state of emergency declared by President Bola Tinubu in Rivers State, during which elected state’s officials were suspended for six months.

In a split decision of six-to-one on Monday, the Supreme held that the plaintiffs (the 11 PDP states) failed to establish any cause of action capable of activating the original jurisdiction of the apex court.

Justice Mohammed Idris held, in the lead majority judgment, that the plaintiffs failed to show that there existed any actionable dispute between them and the federation to require the court to exercise its original jurisdiction.

Justice Idris proceeded to strike out the suit for want of jurisdiction.

Details shortly…

December 15, 2025
2,000 Fed Govt tractors move to farms January
- BoA: 110,000 applicants to be pruned to 2000
- ‘How they will be maintained, multiplied’
To boost food security, the Federal Government would make 2,000 tractors available to farms across the country in January, it was learnt at the weekend.

The Bank of Agriculture (BoA) explained the delay in distributing the tractors unveiled on June 24 by President Bola Ahmed Tinubu.

They were imported from the Eastern European country of Belarus.

BoA stated that the pause was deliberate to ensure transparency, sustainability and a total overhaul of Nigeria’s agricultural mechanisation framework.

In an interview with The Nation, Managing Director of the BoA, Mr. Ayo Sotinrin, said the tractors could not be shared indiscriminately.

On the application process, he explained that the bank received about 110,000 applications from mechanisation service providers nationwide.

“The advert closed last month. We are now shortlisting from 110,000 to about 4,000, and eventually to 2,000 companies.

“Distribution will begin in January to support dry-season farming,” he said.

Sotinrin emphasised that selection would be strictly merit-based.

“There will be no political allocation. If we discover that any tractor has gone to a political person, it will be taken back. No party sharing, no monkey business,” he said.

Recovered funds from repayments, he added, will be reinvested to expand the fleet to 40,000 tractors nationwide.

“This is a growing mechanisation plan, from 2,000 to 4,000, and ultimately to 40,000 tractors,” he said.

He warned that indiscriminate distribution would undermine the national mechanisation masterplan and exclude millions of farmers.

According to him, this marks the first time in Nigeria’s history that agricultural equipment procured with public funds will not be distributed free of charge.

“The objective is to restructure mechanisation in a way that benefits all farmers and strengthens food security,” Sotinrin said.

Explaining the delay, he added: “We want to get it right for the first time in the history of interventions in the agricultural sector.

“These tractors were bought with taxpayers’ money and cannot be given free to individuals.

“If you give 2,000 tractors to 2,000 people, you disenfranchise over 69 million farmers.”

He stressed that the tractors are not intended for direct allocation to farmers.

Sotinrin said: “Farmers are not mechanisation service providers. A tractor is a business tool.

“You cannot give a truck to a wholesaler and expect him to start a transport business.

“In the same way, you don’t give a tractor to a farmer cultivating one hectare.”

Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

Under the new framework, only mechanisation service companies with verifiable financial capacity, strong balance sheets and the ability to pay a 25 per cent deposit will qualify.

This, Sotinrin explained, ensures optimal use of the equipment and wider access for farmers.

“If you spread 2,000 tractors across the 36 states, each state will have about 80 to 100 tractors.

“Farmers will book services through an app, and mechanisation companies will deploy tractors to their farms.

“In that way, 2,000 tractors can cover over 100,000 hectares and serve millions of farmers,” he said.

The tractors will be refinanced over a three-to-five-year period, with payments tied to usage rather than fixed monthly schedules.

“They pay as they use. Once a tractor works on 10 hectares, the system records it and generates an invoice. That is how we ensure accountability and sustainability,” he explained.

Each tractor will be allocated only to companies capable of cultivating a minimum of 500 hectares, translating to about 1,000 hectares for every two tractors.

“For 2,000 tractors, that gives us about 100,000 hectares per cycle. That is far more impactful than giving tractors to individuals,” Sotinrin said.

He described the initiative as Nigeria’s first fully integrated mechanisation ecosystem.

According to him, BoA has procured 36 mobile service trucks that will provide on-site maintenance and routine servicing.

“Technology tells us when a tractor needs servicing. We change oil, fuel filters and ensure the machines remain operational,” he said.

In addition, major tractor hubs will be established across the six geopolitical zones to handle complex repairs.

“If an injector fails, we fix it. If the engine is damaged, we replace it. These centres will manage the tractors throughout their lifespan,” he added.

Sotinrin also explained plans to establish a semi-knocked-down (SKD) tractor assembly plant in Nigeria.

“Going forward, anyone bringing tractors into Nigeria must do so in CKD or SKD form. Nigerians will be trained to assemble them. Groundbreaking begins in January,” he said.

All tractors will be fitted with digital tracking systems to prevent diversion and misuse.

“The trackers tell us where the tractor is, when it is working, when it is idle and when it needs servicing. That way, the tractors can last almost forever,” he noted.

Maintenance will be carried out in partnership with international firms, including Heifer International and Hello Tractor.

On compliance, Sotinrin warned that defaulters would not be tolerated.

“If anyone defaults once or twice, the system flags it, and the tractor can be repossessed,” he said.

He added that BoA has already acquired 9,000 implements and 18,000 critical spare parts, all warehoused in Nigeria.

Sotinrin said: “There is no need to go back to Belarus to fix anything.”

Defending the choice of Belarus-made tractors, he added: “They are among the strongest tractors in the world. They were built for tough conditions.”

All Farmers Association of Nigeria (AFAN), Lagos State chapter, expressed support for the Federal Government’s structured approach, while urging authorities to ensure affordability of services for smallholder farmers.

Chairman of the association, Otunba Femi Oke, commended BoA for moving away from past practices where tractors were indiscriminately distributed, describing the new framework as transparent and forward-looking.

However, he cautioned that the 25 per cent deposit requirement for service providers could translate into higher service charges for farmers if not carefully managed.

“The success of this programme depends on affordability. The goal of serving millions of smallholder farmers must remain central,” Oke said.

A former Rector of the Oyo State College of Agriculture and Technology, Igboora, Prof. Jacob Gbemiga Adewale, described the service-provider model as ambitious and potentially transformative.

He noted that the model promotes efficiency and prevents tractors from lying idle, a major flaw of past interventions.

However, he advised that safeguards be introduced to ensure smaller players and digitally challenged farmers are not excluded from the benefits of mechanisation.
December 15, 2025
Dangote locks horns with NMDPRA
- Industrialist seeks probe of agency
- Petrol to sell for N740 from tomorrow
Dangote Refinery and Petrochemicals yesterday accused the regulating agency of downstream sector of undermining its refinery.

He accused Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of economic sabotage and urged the government to probe its activities.

President of the Dangote Refinery, Alhaji Aliko Dangote, who spoke in Lagos yesterday at a news conference urged the government to also probe NMDPRA Chief Executive Officer (CEO), Farouk Ahmed.

He accused NMDPRA leadership of colluding with international traders and oil importers to frustrate local refining through the continued issuance of import licences for petroleum products.

Alleging that Ahmed had been living above his means, Dangote said the bills being picked by the NMDPRA boss raised serious questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum sector.

He assured of further fall in the pump price of petrol. He said the product would sell at no more than N740 per litre from tomorrow in Lagos, because of his refinery’s reduction of gantry price to N699 per litre.

He said MRS filling stations would be the first to reflect the new pricing.

Expressing concern over the state of the downstream sector, Dangote said Nigeria’s continued reliance on fuel imports was harming local production and discouraging investment in domestic refining.

He said import licences covering approximately 7.5 billion litres of PMS had reportedly been issued for the first quarter of 2026, despite the availability of significant domestic refining capacity.

According to him, modular refineries are already struggling under the current policy environment and on the brink of extinction, while the persistent issuance of import permits further weakens the sector.

Read Also: Tunji-Ojo: Nigeria’s future depends on unity, national renewal

Dangote said: “I am not calling for his removal, but for a proper investigation. He should be required to account for his actions and demonstrate that he has not compromised his position to the detriment of Nigerians. What is happening amounts to economic sabotage.”

The business mogul said: “The Code of Conduct Bureau (CCB), or any other body deemed appropriate by the government, can investigate him.

He described the downstream petroleum sector as being under severe strain, alleging the presence of entrenched interests that profit from fuel imports at the expense of national development.

“There are powerful interests in the oil sector. It is troubling that African countries continue to import refined products despite long-standing calls for value addition and domestic refining. The volume of imports being allowed into the country is unethical and does a disservice to Nigeria,” he added.

Dangote stressed the need for a clear separation between regulatory oversight and commercial interests, warning that allowing traders to influence regulation would undermine the integrity of the sector.

“The downstream sector must not be destroyed by personal interests. A trader should never be a regulator. Forty-seven licences have been issued, yet no new refineries are being built because the environment is not conducive,” he said.

He maintained that Nigerians would ultimately benefit from local refining, fuel importers incur losses. Dangote said he would not relent in ensuring that Nigerians enjoy the benefits of domestic refining, noting that the company was working around the clock to ensure that recent reductions in the gantry price were fully reflected at the retail level.

“From Tuesday (tomorrow)”, he said, “all MRS filling stations would begin selling PMS at prices not exceeding N740 per litre, starting in Lagos.”

He added that the refinery had reduced its minimum purchase requirement from two million litres to 500,000 litres to enable more marketers, including members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), to participate.

“So, if you come to the refinery today, you will get PMS at N699 per litre,” he said.

Dangote explained that despite frustration and sabotage, the refinery would deploy its Compressed Natural Gas (CNG) trucks in the coming days and was prepared to procure additional units beyond the initial 4,000 if required to sustain affordable pricing nationwide.

Responding to complaints from oil importers that the recent price reduction would result in losses, Dangote said the refinery was established primarily for the benefit of Nigerians.

“Anyone who chooses to continue importing despite the availability of locally refined products should be prepared to face the consequences,” he said.

He also highlighted quality differences, noting that products supplied through MRS and other off-takers from the refinery were straight-run fuels, unlike blended products imported from overseas markets.

“Nigerians have a choice to buy better quality fuel at a more affordable price or to buy blended PMS at a higher rate. Importers can continue to lose, so long as Nigerians benefit,” he added.

Dangote said the refinery was driven more by legacy than profit, noting that he could have invested the 20 billion dollars elsewhere if financial gain were his sole objective.

He reaffirmed the plan to list the refinery on the Nigerian Exchange to allow Nigerians to own shares in the facility.

“We want every living Nigerian to have the opportunity to benefit, no matter how small their holding. If the market takes 55 per cent and I retain 45 per cent, I am satisfied,” he said.

Dangote explained that discussions were ongoing with the Securities and Exchange Commission (SEC) to enable Nigerians to purchase shares in naira while receiving dividends in dollars.

Dangote accused the NMDPRA of misrepresenting the refinery’s capacity by publishing off-take figures rather than actual production levels.

“We have the capacity to meet local demand, and we have sufficient refined products in stock. But to keep prices high, imports are deliberately encouraged,” he said, adding that attempts were being made to push the refinery into exporting products only for them to be re-imported into Nigeria at higher prices.

“This refinery is for Nigerians first, and I am not giving up,” he said.

Dangote also explained that the refinery imports an average of 100 million barrels of crude oil annually from the United States, a figure expected to rise to 200 million barrels following expansion, due to insufficient domestic crude supply.

He added that the refinery also sources crude from Ghana and other countries, while exporting jet fuel and gasoline to the United States (U.S.).

Dangote further alleged that domestic refiners are forced to buy Nigerian crude at premiums of up to four dollars per barrel from the trading arms of international oil companies, placing them at a competitive disadvantage.

He called on the government to ensure crude oil taxes are assessed based on actual transaction values, warning that the current system allows under-declaration and revenue losses.
December 15, 2025
UBA strengthens leadership with new Executive board appointments
- Retirements, succession take effect January 1, 2026
United Bank for Africa (UBA) Plc has announced significant changes to its Executive Board, following the completion of tenure by four long-serving Executive Directors.

Those retiring by January 1, 2026 included Deputy Managing Director, Mr. Muyiwa Akinyemi, and three other Executive Directors- Mrs. Abiola Bawuah, Mr. Alex Alozie, and Mrs. Sola Yomi-Ajayi.

The bank stated that in line with its robust succession and leadership development strategy, the board has approved the appointment of three new Executive Directors—Mr. Emmanuel Lamptey, Mr. Tosin Adewuyi and Mr. Chidi Okpala. The appointments takes effect on January 1, 2026, subject to regulatory approval by the Central Bank of Nigeria (CBN).

Lamptey will oversee digital banking while Adewuyi and Okpala will be leading corporate banking and UBA Nigeria respectively.

Group Chairman Mr. Tony Elumelu said the board was confident the new executive directors would propel the group through its next phase of growth.

He said: “I congratulate the incoming Executive Directors on their appointments. The board is confident that they will bring the experience, depth and execution capability needed to build on the solid foundation laid by their predecessors and to propel UBA into its next phase of growth”.

He also extended sincere gratitude to retiring Executive Directors for their years of dedicated service and unwavering commitment.

“Each has played a significant role in UBA’s growth and success. On behalf of the board, I thank them for their contributions and commend the impact they have made. They remain cherished members of the UBA family and enduring ambassadors of our values,” Elumelu said.

Lamptey, Executive Director, Digital Banking brings 25 years of multinational and cross-functional experience spanning retail and corporate banking, asset management, securities brokerage, pensions, insurance and microfinance, with operations across more than 30 African countries.

He was described as a proven leader in digital transformation, customer experience enhancement, and operational excellence who has held several executive and non-executive board roles within and outside financial services.

Lamptey is an alumnus of Harvard Business School, a Fellow of the Association of Chartered Certified Accountants (UK), and holds a Bachelor of Commerce degree from the University of Cape Coast, Ghana.

Adewuyi, Executive Director, Corporate Banking, also comes to his new position with over 25 years of experience across Sub-Saharan Africa—including more than 15 years in senior management, FCA- and CBN-approved roles in London and Lagos.

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He has driven senior client engagement across a broad corporate and sovereign clientele.

He has built high-performing teams, executed business turnarounds, and held strategic roles across Structured Trade Finance, Corporate and Investment Banking, Debt Capital Markets, Financial Institutions Coverage, and Correspondent Banking.

Adewuyi is a Fellow of the Association of Chartered Certified Accountants (FCCA), holds a BA (Hons) in Economics and Accounting from the University of Manchester, is an Honorary Member of the Chartered Institute of Bankers of Nigeria, and an alumnus of The Wharton School.

Okpala, Executive Director, UBA Nigeria, was prior to his appointment Executive Director for Payments, Group Integration and Strategy at Heirs Holdings, where he provided leadership across the group’s payments businesses while overseeing strategic investments in technology and healthcare.

With extensive expertise in payments, financial innovation, corporate strategy, and ecosystem development, Okpala has driven scalable platform development and cross-business value creation across Africa.

He has more than 20 years of banking experience and holds a BSc in Finance, an MBA in Banking and Finance, and an MSc in Leadership and Strategy from London Business School, where he is a Sloan Fellow.

The Africa’s global bank also announced other group executive management appointments.

Mr. Vikrant Bhansali is now Group Executive, International Banking. Before his appointment as Group Executive. International Banking, Vikrant served as chief executive officer of United Bank for Africa Plc in Dubai, where he leads the bank’s Middle East operations and strategic expansion across the region.

With more than 25 years of international banking experience spanning Sub- Saharan Africa, the United Kingdom, the Middle East, North Africa and India, he brings deep expertise in cross-border financial services and emerging markets.

Mr. Joel Owoade has been appointed Group Chief Risk Officer. Owoade brings over two decades of experience in the financial services industry, with a strong background in credit risk management, strategic planning, and regulatory compliance.

He holds an M.Sc. in banking and finance from the University of Ibadan, Nigeria, and qualified as a member of the Institute of Chartered Accountants of Nigeria in 1991.

He also serves as the vice president of the Chartered Risk Management Institute of Nigeria. His academic background and professional qualifications have equipped him with a deep understanding of the financial landscape, enabling him to make significant contributions to the institutions he has served.

Mr. Samuel Ocheho was appointed Group Executive, Treasury and Financial Institutions. Ocheho is a seasoned financial markets executive with over 27 years of experience spanning banking, trading, and investment management.

Throughout his distinguished career, Ocheho has successfully led diverse financial portfolios and large teams across Nigeria and West Africa. His expertise covers liquidity management, fixed income, derivatives, and foreign exchange. Renowned for his results-driven leadership, he has consistently delivered exceptional performance, driving revenue growth, shaping market behaviours, and sustaining operational excellence.

United Bank for Africa operates in 20 African countries, as well as the United Kingdom, the United States, France, and the United Arab Emirates. The bank provides retail, commercial, and institutional banking services, and is a leader in financial inclusion and technology-driven banking solutions. UBA is one of the largest employers in the African financial sector, with 30,000 employees across the Group and more than 50 million customers globally.
December 15, 2025
JUST IN: 11 survive private plane crash in Kano

Three crew members and eight passengers survived a private plane crash landing at the Aminu Kano International Airport, Kano, on Sunday.

The incident involved a Hawker 800XP aircraft marked 5N-ISB.

The Nigerian Safety Investigation Bureau (NSIB) is investigating the incident.

The aircraft, operated by Flybird Aircraft Management Services Limited, departed Nnamdi Azikiwe International Airport, Abuja, for Kano on Sunday, approximately 09:20 am, The Nation learnt.

Director of Public Affairs and Family Assistance, NSIB, Mrs Bimbo Oladeji, in a statement, said that the nose gear collapsed during landing.

“All three crew members and eight persons on board disembarked safely,” he said.

Oladeji stated, “During the approach phase into Kano, the flight crew reported a landing gear indication anomaly and requested multiple low passes over the runway to allow air traffic controllers to visually confirm the landing gear position. Kano Tower confirmed on each low pass that all three landing gears appeared fully extended.

“The aircraft was subsequently positioned for landing on Runway 06 and touched down at about 10:34 hours local time. During the landing roll, the nose landing gear collapsed. All eight persons on board disembarked safely, with no injuries reported.

“Upon notification, the NSIB activated its Go-Team. NSIB investigators will examine the aircraft systems, operational procedures, maintenance records, and crew actions to determine the circumstances that led to the occurrence.”

An eyewitness at the airport said the jet experienced difficulties while landing and eventually crash-landed on the runway.

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Confirming the incident, the Flybird Aircraft Management Services Limited, said that the operational incident occurred during arrival at the airport.

The Management said the passengers and crew involved in the incident disembarked safely, and no injuries were recorded.

According to Flybird Aircraft Management Services Limited, “The flight crew followed all established operational and safety procedures, and the aircraft was brought to a safe stop.

“The aircraft has been secured, and the incident has been formally reported to the relevant aviation authorities. A detailed technical inspection and investigation are ongoing in line with regulatory requirements,” the company said in a statement.

The company, however, reiterated its commitment to safety and operational excellence and said it will continue to cooperate fully with authorities as the investigation progresses.

December 14, 2025