₦airaland Forum

Borno State Governor, Babagana Umara Zulum, led a delegation of North East governors to meet with President Bola Ahmed Tinubu on Wednesday.

The meeting, held at the Presidential Villa in Abuja, focused on critical issues affecting the North East, including agent completion of 17 vital road projects and the resumption of oil exploration in the frontier wells, particularly the Kolmani and Lake Chad wells.

Other governors in attendance included Muhammadu Inuwa Yahaya of Gombe, Bala Muhammad of Bauchi, Mai Mala Buni of Yobe, Ahmadu Umaru Fintiri of Adamawa and Agbu Keffas of Taraba.

Delivering his address during the meeting, Zulum, who is also the chairman of the North East Governors Forum, urged the president to complete the ongoing road projects and build critical roads connecting the six states of the zone.

The roads are Kano-Maiduguri Road, Port Harcourt-Jos-Bauchi-Maiduguri Railway line, Bama-Mubi-Yola Road, Wukari-Jalingo-Yola Road, Duguri-Mansur Road (NNPC Project Ongoing), Bauchi-Gombe-Biu-Damaturu Road, Damaturu-Geidam Road, Bauchi-Ningi-Nasaru-Babaldo Road and Gombe-Potiskum, Damaturu-Biu Roads.

Others include Alkaleri-Futuk Road, Maiduguri-Damboa-Yola Road, Gombe-Dukku-Darazo Road, Biu-Gombe Road, Ibi-Shamdam Road, Maiduguri-Monguno-Baga Road and Maiduguri-Ngala-Bama-Banki Roads

Governor Zulum commended the president for the commitment to restoring peace within the northeast, stating, “We thank you for fostering peace and stability within the sub-region and continuing with the initiative of your predecessor in sustaining the fight against insurgency.

He assured the president of their commitment to his administration’s initiative on training of manpower and providing technology with a view to reversing the insecurity facing the North East.

“We are fully aligning with Mr. President's good initiative of training of manpower and providing technology with a view to reversing the ugly trend in the forest, thereby reducing the insurgency and promoting agricultural development in alignment with the renewed hope agenda on food security,” Zulum said.

He added, “Mr President, the North East governors hold you in high esteem and all of us have resolved to partner with you in your determination to provide good governance for Nigeria with a view to leaving behind lasting legacies and landmarks for the country.”

Responding, President Tinubu acknowledged the governors' concerns and assured them of his administration's commitment to addressing the developmental needs of the northeast.

givedemwotowoto:
These people just wake up and spin any baalablu out for Nigerians to consume

When President Bola Ahmed Tinubu’s administration dismantled Nigeria’s rigid foreign exchange regime in 2024, critics were quick to call it a currency collapse. The naira plunged to ₦1,800 per dollar in March 2024, and headlines screamed of economic freefall. But beneath the noise, a deliberate, high-risk economic recalibration was underway—one that has now begun to pay off in spectacular fashion.

By August 2025, the naira had clawed its way back to ₦1,525/$1, marking a 15.28% strengthening in just five months—an annualised pace of nearly 48.9%. This wasn’t luck; it was policy. Increased oil receipts, swelling diaspora remittances, and the clearing of over $4 billion in foreign exchange backlogs restored investor trust. The unification of Nigeria’s FX windows created a single, transparent market rate—finally letting the currency find its realistic value.

Why does this matter? Because a realistic exchange rate does more than please economists—it changes the very arithmetic of trade. Nigerian goods, once overpriced in dollars due to an artificially strong naira, suddenly became bargains on global markets. A bag of sesame seeds, cocoa beans, or even processed chocolate instantly cost less in New York, Mumbai, or São Paulo, without the Nigerian farmer or factory owner earning less in naira terms.

The result was swift and striking. Non-oil exports jumped from $2.696 billion in H1 2024 to $3.225 billion in H1 2025—a 19.62% year-on-year growth. And this wasn’t just a “price illusion.” Export volumes rose from 3.83 million to 4.04 million metric tonnes, proof that foreign buyers weren’t just paying more for the same goods—they were buying more goods, period.

A perfect “sweet spot” had emerged:

• For buyers abroad, Nigerian goods were cheaper than competitors’.

• For exporters at home, the naira value of earnings soared, enabling reinvestment into value-added processing—turning raw cocoa into chocolate bars, raw sesame into bottled oil.

For the economy, the export surge pumped foreign exchange back into the system, strengthening the naira without eroding its competitiveness.

The feedback loop is textbook economics:
1. FX Reform → Realistic Naira
2. Cheaper USD Prices → Export Boom
3. Export Boom → FX Inflows
4. FX Inflows → Naira Stability
5. Naira Stability → Investor Confidence & Long-Term Growth

What’s remarkable is that this cycle feeds itself. As Nigerian goods win more market share globally, the inflow of export dollars reinforces naira stability. That stability lowers risk for investors, inviting portfolio and capital inflows that further bolster reserves.

The critics who cried “worthless naira” missed the bigger picture: a floating currency is not a sign of weakness—it is a tool for national competitiveness. By refusing to prop up the naira with scarce reserves and instead letting market forces work, the Tinubu administration has set the stage for a sustainable, export-driven growth path.

If Nigeria stays the course, the naira’s recovery won’t just be about exchange rates—it will be the story of an economy finally learning how to turn its currency into a competitive weapon on the world stage.

Yakubu is the director-general of
Budget Office of the Federation

If Peter Obi did what he did as governor of Anambra state in China he would be in Prison today.

Investing $30millions of state funds into SABMillers and giving 5% equity to his family.

Using Anambra state funds to run a bank he has shares in.

These are criminal offenses. pic.twitter.com/AQYBTuvQZT

— High Chief Lawrence Igbins Okoro (@HighChiefOkoro) August 30, 2025

SarkinYarki:
Just look at shameless sycophants , okay do the monthly cost for the American or UK passport.... silly things

infohenry:
Useful idiots everywhere, why others are buying up the country, useful idiots are busy defending on empty stomach them while their heirs are busy balling hard.

kedeojo:
He will soon bring screenshots. Keep defending a known bigot. A clean politician and he made the yes daddy call. Obi that was sharing money for vote when he was pdp member.Una really funny.

EmpressF0911:
I won't respond to you again. 😔😔😔

Streetinvestor2:
I am sure u feel u are invisible when u become person of interest.
All it requires is to pay the right amount to the right office

Leboska:
Nigerian Immigration just increased Nigerian passport price 150% above minimum wage you are not concerned, all you are concerned is an opposition figure, you are truly cursed

Commentor:
She should learn to be serving food and stop making the old man run up and down.