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Headlines

Tinubu’s Minister’s WhatsApp number hacked

by Folarin Kehinde September 9, 2024
written by Folarin Kehinde

The WhatsApp number of the Minister of Sports Development, Senator John Enoh, has been hacked.

This was disclosed in a statement released by his spokesperson, Diana-Mary Nsan, on Monday.

Nsan also urged Nigerians not to respond to any message or messages via the hacked WhatsApp number until the situation is resolved.

“Good day Ladies and Gentlemen,” the statement read.

“It is of great importance that I bring to your notice, that the WhatsApp number of the Honourable Minister of Sports Development, Senator John Owan Enoh has been hacked.

“Please, do not respond to any message or messages demanding from you or making requests, as that fellow isn’t the Sports Minister.

“The situation will be arrested. Do accept our assurances and best regards.”

Enoh was appointed as Minister of Sports Development by President Bola Tinubu in August 2023.

September 9, 2024 0 comments
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Headlines

I’m ready to take hard decisions to move Nigeria forward — Tinubu

by Folarin Kehinde September 6, 2024
written by Folarin Kehinde

President Bola Tinubu, on Friday in Beijing, said he was ready to take the hard decisions to move the nation forward, adding that it is not always easy for a leader to have a national consensus on issues.

The President stated that when he met with Nigerians living in the People’s Republic of China to round off his official engagements in the country.

TInubu described his visit as “very good and successful”.

Addressing members of Nigerians in Diaspora Organization in China, NIDO China, and the Nigerian community at the China World Hotel, President Tinubu emphasized his efforts to strengthen cooperation in infrastructure, trade, finance, energy, green economy, and mining during his discussions with President Xi Jinping, Premier Li Qiang and his participation at the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).

The President, in a statement by his spokesman, Chief Ajuri Ngelale, said: “What is uppermost in my mind is for you to continue representing Nigeria as good citizens. And I urge you all to be good ambassadors of our nation in China.

“We will always celebrate our diversity. We cherish it, but this diversity is our commitment to serve. If it is about service, we must be good citizens.”

He emphasized the importance of discipline and commitment to national service, citing China’s disciplined society as an example for Nigerians to follow.

“I cannot tell you more, except from the embassy, that China is a very disciplined society and we have to be disciplined too. Without discipline and commitment, we cannot build a nation that is respected everywhere in the world.

“We must exploit our diversity and be ready to do everything required of us within the laws of the communities that we live in and reflect a good image of our country,” the President said.

September 6, 2024 0 comments
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Headlines

JUST IN: “We Are Focused” – President Tinubu Defends Tough Economic Reforms

by Folarin Kehinde September 6, 2024
written by Folarin Kehinde

President Bola Tinubu has defended his administration’s tough economic reforms, saying they are necessary to build a strong and prosperous Nigeria.

He made the remark while speaking to Nigerians living in China.

The Nigerian leader stressed the importance of discipline and commitment to national service, citing China’s disciplined society as an example for Nigerians to follow.

“We are focused, and I have a very good team,” President Tinubu said.

The President highlighted the impact of investments in China’s economy, assuring Nigerians that the Bank of Industry (BoI) is prepared to collaborate with them to leverage opportunities back home.

He added that Nigerians need to be good ambassadors of their nation.

President Tinubu also pledged to replicate China’s infrastructure in Nigeria, providing good schools, constant electricity, and water supply. He therefore urged Nigerians to contribute to building the nation.

He said, “One economic action leads to another, and it is in your hand to build our nation.”

Dr. Oche Barnabas, President of NIDO China, commended President Tinubu for his commitment to strengthening Nigeria-China relations and pledged support for Nigeria’s 4Ds initiative. He requested the President’s assistance in advocating for Nigeria to be officially recognized as a native English-speaking nation, which would open up job and educational opportunities for Nigerians in China.

The event marked the end of President Tinubu’s successful visit to China, where he met with President Xi Jinping, Premier Li Qiang, and participated in the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).

September 6, 2024 0 comments
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Headlines

Tinubu meets Nigerians in China, says “my visit very successful”

by Folarin Kehinde September 6, 2024
written by Folarin Kehinde

President Bola Tinubu on Friday in Beijing rounded off his official engagements in China by meeting with Nigerians living in the country, describing his visit as “very good and successful.”

Addressing members of Nigerians in Diaspora Organization in China (NIDO China) and the Nigerian community at the China World Hotel, the President reeled out his efforts to strengthen cooperation in infrastructure, trade, finance, energy, green economy and mining during his discussions with President Xi Jinping, Premier Li Qiang and his participation at the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC).

“What is uppermost in my mind is for you to continue representing Nigeria as good citizens, and I urge you all to be good ambassadors of our nation in China.

“We will always celebrate our diversity. We cherish it, but this diversity is our commitment to serve. If it is about service, we must be good citizens,” the President stated.

President Tinubu also reiterated the importance of discipline and commitment to national service, citing China’s disciplined society as an example for Nigerians to follow.

“I cannot tell you more, except from the embassy, that China is a very disciplined society and we have to be disciplined too. Without discipline and commitment, we cannot build a nation that is respected everywhere in the world.

“We must exploit our diversity and be ready to do everything required of us within the laws of the communities that we live in and reflect a good image of our country,” the President said.

President Tinubu assured Nigerians in Diaspora that Nigeria’s Bank of Industry is prepared to collaborate with them to leverage opportunities back home.

“Nigeria is going through reforms, and we are taking very bold and unprecedented decisions. For example, you might have been hearing from home in the last few days about fuel prices.

“But, can we help it? Can we develop good roads like you have here? You see electricity being constant in quantity and quality. You see water supply, constant and running, and you see their good schools. And we say we want to hand over a banner without stain to our children?

“What is the critical part to get us there if we cannot take hard decisions to pave the way for a country that is blessed and so talented?

“So many of you are so talented, speaking very fluent Mandarin. It is what you contribute and tell them at home that will reflect in the attitude of our people. The more you want everything free, it will become more expensive and long-delayed to achieve meaningful development,’’ the President said.

September 6, 2024 0 comments
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Business

Nigeria emerges third-largest debtor to World Bank’s IDA, gets $2.2 billion under Tinubu

by Folarin Kehinde September 4, 2024
written by Folarin Kehinde

Nigeria has ascended to become the third-largest debtor to the World Bank’s International Development Association (IDA) as of June 30, 2024, reflecting a significant increase in the country’s borrowing from the institution.

According to the World Bank’s financial statements, Nigeria’s exposure to the IDA rose by 14.4% from $14.3 billion in the fiscal year (FY) of 2023 to $16.5 billion in FY2024.

This $2.2 billion increase places Nigeria among the top three IDA debtors for the first time, a notable shift from its previous position as the fourth-largest borrower in 2023.

The fiscal year for 2024 runs from July 2023 to June 2024, which means that Nigeria has received at least $2.2 billion from the World Bank under the administration of President Bola Tinubu.

This debt is different from any outstanding loan from the World Bank’s International Bank for Reconstruction and Development (IBRD).

Bangladesh remains the largest IDA debtor, with its exposure increasing from $19.3 billion in 2023 to $20.5 billion in 2024. Pakistan follows, maintaining its second position with a stable exposure of $17.9 billion over the same period.

India, which was previously the third-largest borrower in 2023 with $17.9 billion, saw a decrease in its IDA exposure to $15.9 billion in 2024, allowing Nigeria to surpass it.

Other significant IDA borrowers include Ethiopia, whose exposure grew from $11.6 billion in 2023 to $12.2 billion in 2024, and Kenya and Vietnam, both with $12.0 billion in 2024.

These countries, along with Tanzania, Ghana, and Uganda, comprise the top ten IDA debtors, collectively accounting for 63% of the IDA’s total exposure as of June 30, 2024.

September 4, 2024 0 comments
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Dangote
Headlines

FEC to determine price of petrol from our refinery – Dangote

by Folarin Kehinde September 4, 2024
written by Folarin Kehinde

Businessman, Aliko Dangote, on Tuesday revealed that the Federal Executive Council is working on a new pricing arrangement for petrol produced from the Dangote Refinery.

The 650,000-barrel-per-day facility officially unveiled its refined petrol on Tuesday with Dangote announcing that product will be in filling stations in the next 48 hours depending on the country’s national country.

Speaking on the retail price, Dangote stated, “It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency, President Bola Ahmed Tinubu.

“As soon as it is finalised, which he (Tinubu) is pushing, once we finish with NNPC, it can be today, it can be tomorrow, we are ready to roll into the market.”

In June, Tinubu approved the sale of crude oil to the Dangote Refinery in naira, a move that is geared towards crashing the prices of domestically refined petroleum products.

Dangote said the development will reduce the demand for foreign exchange by 40 per cent.

“I will like to salute the people of Nigeria and the government of President Bola Tinubu for creating the environment for us to thrive and also achieve this monumental of giving energy to our people for growth, and prosperity.

“I want to thank President Bola Tinubu for creating this idea of Naira for crude and Naira for the product. Doing that will give a lot of stability to the Naira and remove 40 per cent of the demand for dollars. That’s not just it, there is a lot of round-tripping.”

September 4, 2024 0 comments
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Headlines

BREAKING: President Tinubu appoints new board for Bank of Industry

by Folarin Kehinde September 2, 2024
written by Folarin Kehinde

President Bola Tinubu has approved the appointment of new board members for the Bank of Industry (BoI).

Former minister of state for finance, Mansur Muhthar is the chair of the newly approved BOI board.

Others are Dr. Olasupo Olusi – Managing Director/Chief Executive Officer, Mrs. Ifeoma Uz’Okpala – Executive Director, Large Enterprises, Mr. Shekarau Omar – Executive Director, Micro, Small & Medium Enterprises, while Mr Usen Effiong is the Executive Director, Corporate Services.

Others are Ms. Mabel Ndagi – Executive Director, Public Sector & Intervention Programmes, Mr. Rotimi Akinde – Executive Director, Corporate Finance & Risk Management, Mallam Tajudeen Datti Ahmed Non-Executive Director, representing the Ministry of Finance Incorporated and Mr. Adedamola Olufemi Young – Non-Executive Director, representing Central Bank of Nigeria.

Also listed is Reverend Isaac Adefemi Agoye – Non-Executive, representing the Manufacturers Association of Nigeria, Mallam Muhammad Bala – Non-Executive, representing Federal Ministry of Industry, Trade & Investment, Mr. Oreoluwa Adeyemi – Independent Non-Executive Director and Mr. Sulaiman Musa Kadira – Independent Non-Executive Directo.

”The President expects the new board of the Bank of Industry to work harmoniously, diligently, and with utmost fidelity to the nation in driving the mandate of this critical institution as a development vehicle for providing support for projects that enhance job creation, poverty alleviation, and the socio-economic conditions of Nigerian families,” Ajuri Ngelale, presidential spokesman, said in a statement.

September 2, 2024 0 comments
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Headlines

BREAKING: Tinubu appoints new DGs for DSS, NIA

by Folarin Kehinde August 26, 2024
written by Folarin Kehinde

President Bola Tinubu has appointed new Directors-General for the National Intelligence Agency (NIA) and the Department of State Services (DSS).

Ambassador Mohammed Mohammed was announced as the new Director-General of the NIA, to replace Rufai Abubakar.

Mr. Adeola Oluwatosin Ajayi was appointed as the new Director-General of the DSS.

This was disclosed in a statement by Ajuri Ngelale, Special Adviser to the President, on August 26, 2024.

Tinubu’s expectations
According to the statement, President Tinubu expects that the new security chiefs will work assiduously to reposition the two intelligence agencies for better results.

He charged them to bring their experience to bear in tackling the security challenges bedevilling the country through enhanced collaboration with sister agencies and in surgical alignment with the Office of the National Security Adviser (ONSA).

“The President thanks the outgoing Directors-General of the two pivotal intelligence agencies for their services to the nation while wishing them success in their future endeavours,” the statement partly reads.

August 26, 2024 0 comments
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Headlines

BREAKING: Tinubu to depart for France after Kekere-Ekun’s swearing in as CJN

by Folarin Kehinde August 23, 2024
written by Folarin Kehinde

Baring last minute changes, President Bola Tinubu will return to France today, Friday August 23.

The president had cut short his earlier trip to France to swear in Justice Kudirat Kekere-Ekun as the acting Chief Justice of Nigeria (CJN).

Kekere-Ekun’s inauguration makes her the second female CJN in the country’s history after Aloma Mariam Mukhtar, who was CJN from July 2012 to November 2014.

The acting CJN took her oath of office at about 11:38am and took her allotted seat in the council chambers — on the left of the president — at exactly 11:45am.

Among those who witnessed the event were other justices of the supreme court; Senate President Godswill Akpabio; the leadership of the house of representatives led by Julius Ihonbvere; Babajide Sanwoolu, governor of Lagos; and Olukayode Ariwoola, immediate past CJN.

Also present were George Akume, secretary to the government of the federation (SGF); Nuhu Ribadu, national security adviser (NSA); Femi Gbajabiamila, chief of staff to the president; and Mohammed Idris, minister of information and national orientation.

A reliable source at the presidency said Tinubu will be returning to France “any moment from now to continue his brief work stay” in the country.

August 23, 2024 0 comments
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Headlines

Tinubu’s govt spends N2.3 billion on foreign trips within six months – Report

by Folarin Kehinde August 20, 2024
written by Folarin Kehinde

President Bola Tinubu’s administration has spent a staggering N2.3 billion on foreign trips and related expenses within six months.

This revelation, sourced from the GovSpend analytics platform by BudgIT Foundation, highlights the extensive costs associated with presidential travel between February 21 and July 19, 2024.

During the period, the State House Headquarters in Abuja recorded payments for presidential trips, beginning with N300 million on February 21, 2024, for January’s expenses.

Additional payments followed, including N250 million on February 24 and a series of transactions on March 15, 2024, totalling hundreds of millions of naira.

The expenditures cover a wide range of activities related to foreign trips by the administration’s officials.

Moreover, the government spent over N2.9 billion between February 24 and March 15, 2024, on purchasing foreign exchange to fund trips by President Tinubu, Vice President Kashim Shettima, and First Lady Remi Tinubu.

The trips included visits to Dubai, Ethiopia, Switzerland, Liberia, France, and Côte d’Ivoire, with substantial sums used to acquire US dollars for these journeys.

For instance, N750 million was spent to purchase $1.27 million for President Tinubu’s trip to Dubai, while N1.04 billion was allocated to secure $692,265 for his visit to Ethiopia. The Vice President and First Lady also incurred costs for their trips, including N426.88 million for a visit to Switzerland and N149.79 million for the First Lady’s trip to France.

The expenditures have drawn sharp criticism, especially as they coincide with severe economic hardship in Nigeria.

President Tinubu recently urged Nigerians to endure the difficulties brought about by his economic policies, which have exacerbated inflation and contributed to widespread hunger.

August 20, 2024 0 comments
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