Tag: tinubu

  • Tinubu inaugurates 180MW Afam II Power Plant in Rivers

    Tinubu inaugurates 180MW Afam II Power Plant in Rivers

    …as Sahara Power Group, Crescendough, completed project in 16 months

    President Bola Ahmed Tinubu has inaugurated the 180MW Afam II Power Plant in Rivers State completed by Africa’s largest private power business, Sahara Power Group (SPG) in partnership with Crescendough Nigeria Limited (CNL).

    The ceremony, which was held on Wednesday and attracted key players in the energy sector, reinforced the role of private-sector collaboration in driving sustainable energy solutions in Nigeria.

    Sahara Power Group, a subsidiary of global energy and infrastructure conglomerate Sahara Group and Crescendough completed the project, which was conceived, managed, and delivered in 16 months by predominantly indigenous expertise.

    The plant, which was described as an important addition to the national grid and the quest for promoting energy access, is fully operational and set to boost supply towards powering homes, businesses, industries, and economic growth. 

    President Tinubu, who inaugurated the project virtually, described it as a “key achievement emanating from the enterprising Nigerian spirit”.

    He said the completion of the power plant reinforced the capacity “we have to overcome our challenges – through collaboration, tenacity and renewed hope.”

    Tinubu commended the Rivers State Government for envisioning and enabling the project in pursuit of energy sustainability in Nigeria.

    He said:  “I equally commend the private sector partners—Sahara Power Group, First Independent Power Limited, and Crescendough Nigeria Limited for their investments and expertise. You have transformed this great vision into reality. Nigeria salutes you”.

    The President further noted that the 180MW added to the national grid would ignite and drive economic development.

    He said, “Let me emphasise that under my administration, achieving stable power remains an unwavering goal. We will continue to enforce policies that protect investments and prioritise ease of doing business”.

    The Group Managing Director, Sahara Power Group, Kola Adesina, said Sahara had for almost three decades, been a foremost stakeholder in Africa’s energy and infrastructure landscape, leveraging the power of collaboration and cohesion of shared aspirations to deliver sustainable energy solutions.

    Adesina said the Afam II project would catalyse productivity in Nigeria, powering job creation, industrial growth, and sustainable development.

    Read Also: JUST IN: Pastor Tunde Bakare visits Tinubu in Lagos

    He said: “This milestone for us is more than the 180MW of additional power; we are celebrating impact, transformed lives, and the privilege we have as an organisation to bring energy to life responsibly.”

    Describing electricity as the backbone of modern economies, he added: “Nothing will give Sahara Group more pleasure than its continuing leadership of efforts geared towards uninterrupted and reliable power supply through long-term strategic investments, operational excellence, and collaboration with like-minded stakeholders.”

    Adesina explained that Sahara Power is the largest power business in Nigeria, contributing over 20 percent of the power generated in Nigeria through Egbin Power and First Independent Power Limited.

    He said, “This translates to powering over 50 million homes, businesses, and industries, making a difference in spurring economic prosperity in the nation. However, this is only a fraction of our vision. Sahara has its sights on a Nigeria wholly transformed and globally competitive, enabled by the wings of sustainable power solutions”.

    The Administrator, Rivers State, Admiral Ibok-Ete Ekwe Ibas, lauded the impressive completion of the plant within a record time of 16 months, describing the feat as a testament to President Tinubu’s commitment to promoting home-grown solutions

    He said: “To Sahara Group and its partners, I say a hearty congratulation. You have demonstrated that indigenous enterprise is alive, capable, and resilient. Your investment here speaks volumes of your confidence in our economy, and in Rivers State as a viable destination for large-scale, high-impact ventures”.

    The Minister of Power, Chief Adebayo Adelabu said the project was a significant milestone adding that “Sahara Energy’s investment in Afam 2 is a testament to the fruitful collaboration between public reforms and private sector and stands as a beacon of progress and innovation in our nation’s quest for energy security.”

    Also speaking, Minister of State, Petroleum Resources (Gas), Ekperikpe Ekpo, said his ministry would collaborate with the power ministry to address gas hurdles towards boosting power sustainability in Nigeria.

    Adesina said Sahara Power was undertaking expansion plans in Egbin Power, the largest private thermal plant in sub-Saharan Africa; innovative upgrades and transformation of Ikeja Electric; the largest power distribution company in Sub-Saharan Africa; tech-driven generation in First Independent Power Limited and planned investments in alternative and renewable energy solutions to support environmental sustainability.

    “Sahara Power is unwaveringly committed to lighting up Nigeria and Africa responsibly and sustainably”, he said.

    Adesina extended gratitude to the Presidency and Federal Ministry of Power for policy leadership, the Rivers State Government for its pioneering role in the project, the Transmission Company of Nigeria (TCN), Nigerian Electricity Regulatory Commission (NERC), and the Afam host communities for their unwavering support towards bringing the Afam II project to fruition.

  • Tinubu’s economic reforms earn our respect, endorsement for second term – APC USA

    Tinubu’s economic reforms earn our respect, endorsement for second term – APC USA

    Despite the inherited challenges, President Bola Ahmed Tinubu’s impressive performance in the last two years is a pointer to better years ahead, the All Progressives Congress (APC) United States of America (USA) Chapter has declared.

    The verdict was contained in a statement by the chairman of the chapter, Professor Tai Balofin, in Abuja on Wednesday.

    During the two years of the administration, Balofin rated Tinubu 85 percent in a performance scorecard.

    According to him, “Tinubu’s economic reforms have yielded remarkable results, including a 111.24% growth in the Nigerian Exchange (NGX) and a nearly 500% increase in external reserves, which grew from $4 billion in 2023 to over $23 billion by the end of 2024.”

    Read Also: South-south chamber hails Tinubu’s commitment to best practices in aviation sector

    The chapter commended Tinubu’s bold economic policies, describing them as transformative despite the short-term challenges.

     He highlighted the removal of fuel subsidies, which saved ₦4 trillion, and the unification of exchange rates, which attracted $50 billion in foreign direct investment (FDI).

    According to Balofin, these reforms were necessary to avert a fiscal crisis that could have led to runaway inflation, external debt default, and a collapsing Naira.

    Sympathising with Nigerians over the attendant effects of the various policies, the party urged Nigerians to remain patient, emphasising that the benefits of Tinubu’s reforms are beginning to take hold.

    The APC USA Chairman’s remarks came amid mixed reactions to President Tinubu’s mid-term performance, with opposition groups citing persistent inflation and insecurity as major concerns. Nevertheless, Balofin’s scorecard underscores the administration’s focus on economic restructuring, even as it navigates the challenges of public discontent.

  • Security: Coalition hails troops, defence ministry, backs Tinubu for 2027

    Security: Coalition hails troops, defence ministry, backs Tinubu for 2027

    The Coalition for Human Rights and Freedom (CHRF) has commended the Nigerian Armed Forces and the Ministry of Defence for their relentless efforts in restoring peace and security across the country, particularly in the northern region.

    In a statement issued in Abuja by its Secretary General, Tijjani Nana Lawal, the group also declared its support for President Bola Ahmed Tinubu’s re-election bid in 2027.

    CHRF praised the strategic leadership of the Minister of Defence, Alhaji Mohammed Badaru Abubakar, noting that his stewardship has driven significant progress in the fight against terrorism and banditry over the past two years.

    “The Coalition for Human Rights and Freedom (CHRF) wishes to express its profound appreciation for the unwavering efforts and sacrifices made by the Nigerian troops, as well as the strategic initiatives undertaken by the Ministry of Defence under the stewardship of Minister Badaru Abubakar,” the statement read. “These commendable actions have greatly advanced the battle against insecurity, especially in the northern region of our great nation.”

    “The relentless operations spearheaded by the Defence Ministry, particularly in collaboration with the Multinational Joint Task Force (MNJTF), have yielded remarkable successes in dismantling the strongholds of Boko Haram and the Islamic State West Africa Province (ISWAP). 

     “Through these concerted efforts, numerous high-value targets have been neutralized, and vast territories previously under terrorist control have been reclaimed. This progress not only reflects the military’s tactical proficiency but also underscores the importance of international cooperation in addressing transnational threats.

    “In addition to military operations, the Defence Ministry has enhanced intelligence sharing and deployed advanced surveillance technologies in the Lake Chad region. These initiatives have fortified our cross-border response capabilities and have been instrumental in countering the multifaceted security crises that plague our nation. 

    “From the desperate attacks in the northeast to the rampant banditry and kidnappings in the northwest, the Nigerian troops have demonstrated resilience and adaptability, crucial attributes in the ongoing battle against these evolving threats.

    “Under the visionary leadership of President Bola Ahmed Tinubu, whose administration has prioritized security as a fundamental pillar of governance, the Defence Ministry has been invigorated with a renewed sense of purpose. 

    “The President’s firm directive, “Enough is enough,” resonates not only as a rallying cry for our military but also as a clarion call for all Nigerians to unite in overcoming the challenges that threaten our peace and stability. This political will has galvanized efforts across the nation, fostering a collaborative environment among all stakeholders in the security sector.”

    CHRF also praised the Ministry of Defence for promoting synergy among the Armed Forces and security agencies through the establishment of the Joint Doctrine and Warfare Centre. This, the group noted, has helped unify operational strategies and produce measurable outcomes.

    “This collaborative approach has yielded tangible results, including the neutralization of over 13,500 terrorists and criminals and the rescue of nearly 10,000 hostages from the clutches of terror.

    “Moreover, the operational successes recorded in the northeast, northwest, and north-central regions of Nigeria are a testament to the effectiveness of the Defence Ministry’s strategies. The neutralization of notorious bandit kingpins and the disruption of criminal networks have restored a semblance of peace to many communities, allowing thousands of displaced citizens to return to their homes. 

    “The gradual resurgence of socio-economic activities in areas previously besieged by violence is a clear indication that our military efforts are making a tangible difference in the lives of ordinary Nigerians.

    “It is crucial to recognize that the fight against insecurity extends beyond mere military engagement. The  CHRF firmly believes that a holistic approach, combining military action with socio-economic development and robust governance, is essential for achieving lasting peace.” he said

    Emphasizing that lasting peace requires more than military might, the group called for a comprehensive approach that blends armed engagement with socio-economic development, education, and good governance.

    Read Also: Tinubu hosts Gov Adeleke, elder brother, Davido in Lagos

    He added, “The Defence Ministry’s commitment to deradicalization initiatives and community engagement programs, such as ‘Operation Safe Corridor’, reflects an understanding that winning hearts and minds is as vital as defeating armed adversaries.

    “As we commend the efforts of our troops and the Defence Ministry, we also urge all Nigerians to remain steadfast in their support for our armed forces. The challenges we face are complex and multifaceted, rooted in historical socio-political fractures and exacerbated by economic dislocations. It is imperative that we collectively foster an environment of unity and resilience, standing in solidarity with those who protect our nation.

    “In light of these developments, the CHRF is committed to mobilizing massive support for President Bola Ahmed Tinubu’s reelection in 2027. We believe that continuity in leadership is essential for sustaining the momentum achieved in securing the North and the entire nation. 

    “President Tinubu’s administration has demonstrated an unwavering commitment to national security, economic development, and social cohesion. His leadership has been instrumental in fostering an environment conducive to peace and stability, which is vital for the progress of our region and the country as a whole.”

  • Tinubu hosts Gov Adeleke, elder brother, Davido in Lagos

    Tinubu hosts Gov Adeleke, elder brother, Davido in Lagos

    President Bola Ahmed Tinubu hosted Osun Governor Ademola Adeleke, Chief Adedeji Adeleke and Afrobeats star Davido at his Lagos residence on Tuesday, June 3, 2025.

    They discussed matters of mutual interest and national development, as reported by Tinubu’s Special Assistant on Social Media, Dada Olusegun, on X.

    Read Also: Supporters hopeful as Fubara meets Tinubu

    “President Bola Ahmed Tinubu receives in Audience, H.E Ademola Adeleke, the Executive Governor of Osun State and Chief Adedeji Adeleke and his son and Afro beat star #davido at his residence in Lagos,” he wrote 

  • Tinubu’s reforms yielded N3.42tr trade surplus last year

    Tinubu’s reforms yielded N3.42tr trade surplus last year

    Deputy Speaker of the House of Representatives, Benjamin Kalu has said the reform efforts of President Bola Ahmed Tinubu increased the nation’s trade surplus to N3.42 trillion ($2.25 billion) in the fourth quarters of 2024, driven by increased exports.

    Kalu who spoke at the inauguration of over 20,000 new members of the Renewed Hope Partners (RHP) Bende, Bende Local Government Area of Abia State said the administration has also unified the FX market, reduced arbitrage, while boosted investor confidence.

    He commended the President for the Renewed Hope Agenda, highlighting significant achievements in economic revitalization, social welfare, security, and national development, adding that agenda is not just a slogan but a comprehensive blueprint for Nigeria’s progress.

    He said under the Renewed Hope Agenda, Nigeria has recorded notable achievements, including a 3.84per cent GDP growth in Q4 2024, with annual growth rising to 3.40per cent in 2024 from 2.74per cent in 2023.

    Kalu also said that inflation has dropped from 34.6per cent to 23.71per cent by May 2025, with food prices declining by over 25per cent in the first quarter of 2025.

    He said: “Since assuming office on May 29, 2023, President Tinubu’s administration has implemented bold reforms and policies that are already reshaping Nigeria’s future. The Renewed Hope Agenda is not just a slogan; it is a comprehensive blueprint for economic revitalisation, social welfare, security, and national development.

    “The removal of fuel subsidies has freed up resources for critical sectors, resulting in a 50per cent reduction in petrol importation and a doubling of government revenues to over N9.1 trillion in the first half of 2024 compared to the previous year.

    “The unification of the FX market has reduced arbitrage, increased transparency, and boosted investor confidence. Nigeria’s economy recorded a 3.84per cent GDP growth in Q4 2024, with annual growth rising to 3.40per cent in 2024 from 2.74per cent in 2023. Through targeted interventions, inflation has dropped from 34.6per cent to 23.71per cent by May 2025, with food prices for staples like rice, maize, and sorghum declining by over 25per cent in the first quarter of 2025.

    Read Also: Tinubu directs repair of collapsed Mokwa Bridge

    “The launch of the Nigerian Consumer Credit Corporation (CREDICORP) with over N200 billion in funding is set to bring consumer credit to 50 per cent of Nigeria’s working population by 2030, empowering citizens to access essential goods and services. Nigeria achieved a trade surplus of N3.42 trillion ($2.25 billion) in Q4 2024, driven by increased exports.

    “International agencies Fitch and S&P Global upgraded Nigeria to a Stable B outlook, reflecting growing global confidence in our economy.

    “In infrastructure, over 260 new road projects worth N208 billion have commenced, with major works ongoing on the Lagos-Calabar Coastal Highway and the Sokoto-Badagry Highway. The Renewed Hope Infrastructure Development Fund supports these transformative projects. The Renewed Hope City and Estate project also aims to deliver 100,000 housing units nationwide, with special attention to the needs of low and middle-income Nigerian families,” he said.

    Kalu said the establishment of the South East Development Commission (SEDC) is a long-awaited initiative that marks a new era of inclusion and progress for the region.

    The Deputy Speaker urged the newly inaugurated Renewed Hope Partners to play a crucial role in sustaining the gains of the Renewed Hope Agenda and carrying the message of progress to every community.

    “For the South East, this moment marks the end of a long wait. Nearly 50 years since the civil war, we can now say with pride that the federal government has finally made good on its promise of inclusion. Under President Bola Tinubu, the South East Development Commission has not only been established but is fully operational, with a confirmed board and leadership at its helm.

    “Today, as we inaugurate over 20,000 new Renewed Hope Partners, we are empowering a formidable network of grassroots ambassadors. You are the bridge between government and the people, the voice of the Renewed Hope Agenda in every ward, community, and polling unit across Abia State and beyond.

    “Your mandate is clear: deepen grassroots engagement and ensure that the benefits of national reforms are felt in every household; serve as champions of unity, inclusion, and national development; mobilize support for the Renewed Hope vision as we prepare for the future, including the 2027 elections.

    “The Renewed Hope Agenda is not a distant vision; it is here, it is real, and it is now. The progress we celebrate today is born of collective sacrifice, visionary leadership, and the enduring faith of the Nigerian people.

    As we move forward, let us remember that hope is not a wish; it is a decision.

    “Progress is not an accident; it is the result of unity, resilience, and courage. Our task is not finished, this is just the beginning. So let us go forth together, united in purpose, unwavering in hope, and unyielding in our resolve to build a Nigeria where every dream finds a place, and every citizen shares in the promise of prosperity,” Kalu said.

  • Tinubu directs repair of collapsed Mokwa Bridge

    Tinubu directs repair of collapsed Mokwa Bridge

    • Seven more bodies recovered, buried

    President Bola Ahmed Tinubu has directed the immediate repair of the collapsed Mokwa bridge in Niger State.

    The bridge linking the Northern and Southern parts of the country caved in following heavy floods that resulted in the deaths of many and the loss of properties in three Mokwa communities.

    Yesterday, the death toll rose with the recovery of seven more bodies.

    Minister of State for Works Bello Goronyo revealed the order for the repair of the bridge.

    He told the village head of Mokwa, Mohammed Aliyu, that he was in the state on the  President’s instruction.

    Goronyo said: “The President gave a clear directive for me to come and commiserate with the government and people of Niger State over the ugly incident.

    “In his directive, he said we should do everything possible to restore the access road for vehicular movement on the damaged bridge washed away by the flood.

    “The President directed that we provide an access road for vehicular movement and create an access road due to the high volume of articulated vehicles carrying goods from the North to the South.” 

    Goronyo assured that the ministry would do more in areas of infrastructure, particularly in Niger, because of its strategic location.

    The village head told the minister that four other bridges, including a rail bridge, were swept away by the floods.

    Aliyu, who confirmed that many people were still missing, added that over 200 houses were damaged.

    He appealed to the government to resettle those affected by the disaster.

    Deputy Governor Yakubu Garba thanked President Tinubu for the condolence visit and expressed happiness over the show of concern by his administration.

    Seven more bodies recovered, buried

    Secretary to the State Government, Abubakar Usman, said seven more bodies were recovered between Monday and yesterday morning.   

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    “Four of the bodies were recovered on Monday and one body in the early hours of Tuesday (yesterday), while two more bodies were also later recovered in the ongoing search efforts,” Usman explained in a statement.

    The SSG, who said the bodies had been buried, appealed to residents to remain calm and prayerful in this moment of collective grief.

    The statement partly reads: “We urge everyone to avoid spreading unverified or misleading information that may further deepen sorrow, incite panic, or cause unnecessary confusion within our communities.

    “While we continue to mourn the lives lost, the government remains committed to providing the necessary support to affected families and intensifying rescue and relief efforts where needed.” 

    The statement was issued after Commissioner for Humanitarian Affairs Ahmad Suleiman corroborated the Deputy Governor on the death toll yesterday.

    “We have more than 200 casualties or corpses, but we are still looking for more. We are still recovering corpses up till now,” the commissioner said. 

    Suleiman added that the government has directed the distribution of relief materials to the displaced victims quartered in makeshift camps.

    He said: “The Niger State Government has put things in place and there are lots of contributions from various agencies and ministries.  

    “The government has sent trailers of rice to the victims. The wife of the governor also visited the local government and donated N50 million.”

    Victims lament, get N203.6 m donation

    The survivors, however, expressed dissatisfaction over the conditions of their temporary camps and the handling of relief materials sent to them.

    One of the residents, who gave her name as Mama Isa, said: ‘’We are 17 people in my household, but we were only given one loaf of bread and tea. How can that be enough for even our breakfast?” 

    She appealed to the government to allow well-meaning individuals and organisations to support them directly.

    A community volunteer, Hussaini Muhammed, described the camps as unsuitable for human habitation.

    According to a circular sighted by The Nation, N203.6 million has so far been donated to the victims.

    Mokwa flood  man-made disaster, not dam water

    The Federal Government has clarified that the Mokwa flood was man-made and not caused by the release of water from the Kainji or Jebba dams.

    It attributed the tragedy to “heavy rainfall,’’ which “overwhelmed local drainage systems’’ in the affected Mokwa communities.

    “The flood was primarily due to heavy rainfall caused by extreme weather conditions linked to climate change, which overwhelmed local drainage systems in Mokwa,” Water Resources and Sanitation Minister Joseph  Utsev told reporters in Abuja.

    Utsev further explained that unregulated construction blocked an ephemeral tributary of River Dingi, an offshoot of River Niger, thereby worsening the situation.

    He recalled that the Nigeria Hydrological Services Agency (NIHSA) had in its 2025 Annual Flood Outlook (AFO) issued on April 10 warned of the possibility of flooding in Mokwa and 18 other local governments in the state.

    He described the Mokwa incident as a “stark reminder” of the growing impact of climate change on Nigeria’s water systems and emphasised the ministry’s commitment to managing water resources sustainably and building climate-resilient communities.

    The minister commended the state government and local authorities for their swift response to the tragedy.

    Reiterating NIHSA warnings, Utsev urged states and local governments to urgently strengthen their drainage infrastructure, relocate communities from flood-prone areas, increase public awareness campaigns and enforce land-use regulations to stop encroachments.

  • Critics of the midterm report

    Critics of the midterm report

    I was one of those who wondered why President Bola Ahmed Tinubu wanted to be Nigeria’s President in 2023, given all we knew then about the depressed state of the economy and the sheenanigans of Godwin Emefiele, then Governor of the Central Bank. My thinking then was simple: If Tinubu won and decided to focus on just one or two areas, such as electricity and infrastructure, and did extremely well, he would be accused of neglecting other sectors of the economy. Alternatively, if he chose to take every sector of the economy in stride for improvement, as he has been doing since inauguration, he would be accused of doing little or nothing at all, because virtually every sector was in shambles. That is where we are today. For example, only about 3,000MW of power was available for distribution when he assumed office in 2023. Today, double that amount (6,000MW) is being distributed. Yet, the difference is negligible because the base was too low to start with. That is the sad story of the entire economy.

    Nevertheless, Tinubu’s midterm report has attracted more encouraging commendations from outside than from inside the country. External assessors, such as the World Bank, the IMF, and Moody’s ratings, are impressed by the economic outlook, based largely on possitive assessments of Tinubu’s economic policies and macro-economic outlook. While some internal economic-literates are also impressed with the macro-economic outlook, others focus on improvements in specific sectors, such as infrastructure and revenue generation.

    However, there appears to be more condemnation than commendation for Tinubu’s midterm report at home. There are at least three major categories of negative critics of the report. They include (1) politicians, labour unions, and the elite; (2) the masses; and (3) the media. All the critics share two things in common—(1) they focus on microeconomic realities, typified by existential economic hardships anchored on high inflation and high cost of living, resulting from the removal of fuel subsidies and the harmonisation of foreign exchange, and (2) they fail to  acknowledge that Tinubu commenced his administration on May 29, 2023, from a bankrupt economic base (briefly described below). Yet, that was the starting point for the external assessors, who saw major improvements to the base two years after restructuring the economy. It is, therefore, necessary to recall the economic base from which Tinubu started his administration in 2023 in order to properly situate reasonable assessments of his midterm report.

    Read Also: Presidency challenges opposition to present alternatives, not just criticisms

    A “dead economy”

    On assumption of office, Tinubu inherited what a former Governor of the Central Bank of Nigeria and now Governor of Anambra State, Chuckwuma Soludo, described as a “dead economy”. It was typified by a $10 billion annual fuel subsidy; multiple foreign exchange rates floated by the Godwin Emefiele-led Central Bank of Nigeria, which promoted arbitrage and speculations; and a total debt profile of N80 trillion (N50 trillion external borrowing and N30 trillion Ways and Means!). In addition, unspecified trillions of Naira was spent on subsiding electricity. Even the CBN owed foreign airlines over $7 billion. Then there were the CBN’s ill-conceived e-Naira programme and Naira swap policies, which led to Naira scarcity well into Tinubu’s administration.

    Along the line, the nation’s foreign reserve was drastically reduced from about $15 billion in 2015, when former President Muhammadu Buhari took office, to just under $4 billion, when he left office in 2023. As a result of all these economic distortions and heavy borrowings, Buhari left office with a debt service-to-revenue ratio of 96%! His administration already knew that a first line of economic rescue  was to remove fuel subsidy. He failed to do so but left it for the succeeding government, by removing fuel subsidy from the budget as from June 2023.

    Renewed Hope Agenda

    Tinubu designed the Renewed Hope Agenda precisely to pull the sunken ship of the economy out of deep waters. From Day 1, he removed fuel subsidy to free money that is now being shared across the states. This was immediately followed by the harmonisation of the foreign exchange market in order to remove multiple exchange rates and allow market forces to dictate the selling and buying rates. The two measures brought immediate hardships as one led to a hike in the price of petroleum products, while the other led to the devaluation of the Naira. True, two years on, the cost of living remains high, but stability is returning to the market. Fuel price is coming down. The exchange rate has stabilised. Prices are coming down gradually. Investor confidence has returned, leading, for example, to over $8 billion new investments in the oil sector.

    But, then, Tinubu has taken other measures to free more money. Many sectors of the economy have been restructured and their records digitized for accountability, transparency, and efficiency. They include the oil sector, tax assessment and collection, marine and blue economy, and the mining sector. There is now more synergy between monetary and fiscal policies. These measures are producing positive results already. For example, in quarter 1, 2025, alone, government revenue increased to over N6 trillion. Debt service-to-revenue ratio has been reduced from 96% to under 40%. The Yemi Cardoso-led CBN has offset the bank’s debt to foreign airlines. External reserve has grown fom a mere $4 billion to over $23 billion.

    What is more, Tinubu has laid the foundation for prosperity, by creating several funding options. There is the Consumer Credit Corporation for financing micro, small, and mediu-sized enterprises; the Nigerian Education Loan Fund for providing access to higher education through long-term loans; and the N100 billion National Agricultural Development Fund. He has also laid the foundation for transition to clean energy programmes, by investing in solar energy for homes and industries and compressed natural gas for transport vehicles.

    Politicians, Labour Unions, and the Elite

     It is disingenous at best and mischievous at worst for this category of critics to ignore the depressed economic base described above, and the administration’s effort to pull the nation out of the hole. Yet, politicians, labour leaders, and the elite, who should know better, play ignorance, by capitalising on the short-term negative effects of Tinubu’s economic policies. In the attempt to convince ignorant people to believe their distorted narratives, they ignored improvements in the overall economy.

    The masses

    Poverty, under- and unemployment, illiteracy, and rural dwelling have created a wide gulf between the masses and government programmes. As a result, the majority have no idea what is going on. In most cases, information trickles down to them from political bosses and social media. Unfortunately, it is often distorted information, usually tailored to the disseminators’ point of view. These are mostly bread and butter citizens, who are not impressed by macro-economic outlook, whatever that means. They are concerned about the here and now.  To the extent that they still cannot make ends meet, to that extent has the government failed.

    The media

    Mainstream and social media in general sided with the masses in the coverage of the midterm report. It is their conception of the goal of keeping the government accountable. For most columnists, what the government does right is immaterial. The story is in what it fails to do. It is as if insecurity, poor education funding, frequent power outage, and other socioconomic ills started under Tinubu in 2023. He must fix them all within two years! Yet, we know too well that it takes time for reforms to take hold and for their effects to trickle down to the grassroots.

    What should be done

    That’s why more should be done to reach the masses and the media from now on through periodic but regular outreach programmes. The media needs regular briefings from government, while the masses need information beyond mainstream and social media. But they need the dividends of democracy even more, and in more concrete forms—skills acqusition, jobs, and various forms of social protection, possibly through channels beyond partisan politics.

  • Tinubu confers Nigeria’s top honour on Bill Gates

    Tinubu confers Nigeria’s top honour on Bill Gates

    President Bola Ahmed Tinubu on Tuesday night conferred the national honour of Commander of the Order of the Federal Republic (CFR) on billionaire philanthropist Bill Gates, co-founder of Microsoft and chairman of the Bill Gates Foundation.

    The brief investiture ceremony took place at the President’s private residence in Lagos, during Gates’ visit to Nigeria.

    The Special Adviser to the President on Information and Strategy, Bayo Onanuga, announced the investiture in a post on his verified X handle, @aonanuga1956.

    “President Bola Ahmed Tinubu in Lagos on Tuesday night conferred the National Honour of Commander of the Order of the Federal Republic (CFR) on billionaire Bill Gates, co-founder of Microsoft and founder of Bill Gates Foundation,” Onanuga informed in the tweet.

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    It is believed that the honour was conferred in recognition of Gates’ contributions to global health and development, particularly in Nigeria, through his foundation’s long-term support for public health, vaccination, and poverty alleviation efforts.

    Gates has maintained a strong engagement with Nigeria for nearly two decades, with his foundation investing in initiatives spanning polio eradication, agricultural development, and health system strengthening.

    The CFR, one of Nigeria’s highest national honours, is traditionally awarded to individuals who have made significant contributions to the development and progress of the country.

  • JUST IN: Fubara visits Tinubu in Lagos

    JUST IN: Fubara visits Tinubu in Lagos

    Suspended Rivers Governor Siminalayi Fubara has paid a courtesy visit to President Bola Tinubu in Lagos.

    The Special Adviser on Media and Information Strategy to the President, Bayo Onanuga, confirmed the visit.

    Tinubu, in a nationwide broadcast on March 18, 2025 declared a state of emergency citing the need to restore law and order as the crisis between Fubara and his predecessor, Nyesom Wike festered.

    Read Also: FG threatens to prosecute parents, guardian aiding exam malpractices

    He also announced the suspension of Fubara, his Deputy, Mrs Ngozi Odu and all elected members of the Rivers Assembly for an initial six months.

    This was followed by the nomination of retired Vice Admiral Ibokette Ibas administrator to steer the affairs of the state, during the period of the emergency rule.

    Onanuga on his verified Facebook page on Tuesday said: “Governor Sim Fubara of Rivers, now on suspension from office visited President Bola Tinubu in Lagos on Tuesday.”

  • Presidency challenges opposition to present alternatives, not just criticisms

    Presidency challenges opposition to present alternatives, not just criticisms

    The Presidency on Monday challenged opposition leaders and critics of President Bola Ahmed Tinubu’s administration to move beyond attacks and articulate alternative policies that would better tackle Nigeria’s complex challenges.

    In a statement by the Special Adviser to the President on Media and Public Communications, Mr. Sunday Dare, the Presidency challenged opponents to tell Nigerians the “alternative strategies they would propose in contrast to this administration’s extensive list of significant achievements currently benefiting Nigerians in real-time” instead of resorting to what it described as “a penchant and deliberate attempt to find faults and trade in deceit.”

    The response came after a faction of the pan-Yoruba socio-cultural group, Afenifere, released a critical statement alleging economic regression, democratic backsliding, and mismanagement under the Tinubu administration.

    Dare dismissed the group’s claims as “prejudiced” and “unsupported by facts,” suggesting they echoed the sentiments of opposition figures Afenifere openly supported during the 2023 general elections.

    “Under the Renewed Hope Agenda of President Bola Tinubu, Nigeria’s comeback story is firmly underway. A balanced assessment based on available data reveals a more objective and progressive picture”, Dare stated.

    On the economy, the Presidency pointed to significant fiscal reforms, including the removal of fuel subsidies and unification of exchange rates.

    Though controversial, the government insists these steps saved the country over $10 billion in 2023 alone, boosted foreign reserves to $38.1 billion, and led to a trade surplus of N18.86 trillion.

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    “Inflation, though high, is beginning to moderate,” Dare said, noting that the annual inflation rate dropped to 23.71% in April 2025 from 24.23% the previous month, with food inflation easing slightly.

    He highlighted numerous initiatives rolled out to cushion the effects of reforms: over 5.7 million households benefiting from cash transfers, 900,000 receiving grants and loans under the Presidential Intervention Scheme, 600,000 accessing student loans, and a new minimum wage of N70,000. The NYSC monthly stipend was also raised from N33,000 to N77,000.

    On transport and energy reforms, Dare cited the distribution of free CNG kits to thousands of drivers, the rollout of CNG buses in partnership with state governments, and a subsequent decline in transport costs.

    The statement further listed achievements across sectors: over $10 billion in FX backlog cleared, 60% increase in federal allocations to states, N50 billion released to end university union strikes, revitalisation of over 1,000 primary healthcare centres, and digital infrastructure projects connecting more than two million Nigerians.

    The Presidency also touted macroeconomic milestones: 3.84% GDP growth in Q4 2024, over $50 billion in foreign direct investment (FDI) commitments, an increase in net foreign reserves from $3.99 billion to $23.11 billion, and significant inflows into solid minerals and oil and gas sectors.

    Addressing concerns over the cost of governance and the long-stalled Oronsaye Report, which recommends the merger of redundant government agencies, Dare noted that while full implementation remains pending, Tinubu’s administration has shown fiscal prudence.

    “The fiscal deficit was reduced from 5.4% of GDP in 2023 to 3.0% in 2024, and the debt service-to-revenue ratio dropped from nearly 100% in 2022 to under 40% by 2024,” he said.

    The administration also raked in over N6 trillion in revenue in Q1 2025, aided by the removal of Ways and Means advances and subsidies.

    In response to accusations of prebendalism and elite favoritism, Dare referenced ongoing anti-corruption efforts, including the suspension of a cabinet minister in January 2024 and the work of the Economic and Financial Crimes Commission (EFCC), which secured a record 4,111 convictions and recovered N364 billion in 2024.

    He also pointed to the landmark recovery and forfeiture of an Abuja estate comprising 725 housing units, now under the Federal Ministry of Housing’s control.

    On democratic institutions, the statement rejected the factional Afenifere’s claim that the Tinubu administration is fostering “totalitarianism” or eroding democratic checks and balances.

    “The Supreme Court has upheld opposition victories in states like Kano, Plateau, and Abia,” Dare argued, citing these rulings as proof of judicial independence.

    He also rebuffed claims of government complicity in cracking down on peaceful protest or manipulating the electoral process through partisan appointments.

    Concerning the issue of state policing, which Afenifere endorsed as a democratic necessity, the Presidency urged caution and insisted that security impact assessments guide such reforms to avoid misuse or unintended consequences.

    In terms of national security, the Presidency said over 13,500 terrorists and bandits were neutralised, and 7,000 arrested within the past year.

    “Farms have reopened, and rural communities are returning to productivity,” Dare added, listing further investments in agriculture, tractors, and fertiliser distribution.

    The Tinubu government, he said, has also demonstrated inclusivity through the creation of six geo-political regional development commissions, each tasked with accelerating localised growth.

    On the broader political climate, Dare rejected as “baseless” allegations that the administration is meddling in opposition party affairs or trying to stifle dissent in the build-up to the 2027 general elections.

    He cited the country’s improved international ratings, including a Moody’s upgrade from Caa1 to B3 and Fitch’s credit rating bump, as validation that Tinubu’s reforms are gaining traction.

    “The government is not oblivious to the hardships Nigerians are going through, but the signs of recovery are real. The administration is working with urgency to deliver more tangible results”, Dare affirmed.

    He concluded that critics like the Afenifere faction “see the cup as half empty,” whereas “the facts show the cup is half full — and filling steadily.”

    “From stabilising the naira and curbing inflation, to reducing debt burdens and expanding access to education and health, the Tinubu administration is delivering bold reforms with real results”, Dare asserted.

    The Presidency called on all stakeholders, especially political leaders, to work collaboratively in countering fake news and supporting Nigeria’s recovery, warning against the spread of AI-generated disinformation and misleading rhetoric.

    “Under President Tinubu’s leadership, Nigeria is turning the corner. The comeback story is far from over — but it is firmly underway”, the statement concluded.