₦airaland Forum

Edun Delivers: FG Revenue Hits N6.9 Trillion in Four Months, Surges 40% Over 2024

Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced a significant revenue breakthrough for the Federal Government, revealing that N6.9 trillion was generated between January and April 2025 — a 40% increase from the N5.2 trillion recorded in the same period last year.

Speaking during the Q2 2025 Citizens and Stakeholders’ Engagement Session on fiscal performance and reform outlook held in Abuja, Edun attributed the improvement to a combination of strong fiscal discipline and key monetary policy reforms under the Tinubu administration.

“There is a commitment to diligently go after all that should be brought in. As of the end of April, about N6.9 trillion was generated — and that figure continues to rise,” Edun stated, highlighting the sustained momentum in government revenue mobilisation efforts.

The Finance Minister underscored the synergy between fiscal and monetary policies, crediting the Central Bank’s adoption of a market-reflective exchange rate regime for curbing arbitrage and restoring confidence in Nigeria’s macroeconomic environment.

“With the monetary policy followed by the Central Bank and its market-based foreign exchange pricing, we have essentially eliminated the black market,” he said.

Edun explained that the wide gap between official and parallel market rates — which once incentivised round-tripping and discouraged productive investment — had now been closed.

“No longer can anyone, whether a businessman or market woman, profit by simply accessing forex at the official window and dumping it on the black market. That unproductive arbitrage opportunity has been removed.”

The strong revenue showing and reform momentum, according to Edun, reinforce the Federal Government’s resolve to rebuild Nigeria’s economy on the pillars of transparency, efficiency, and inclusive growth.

EDUN UNVEILS ROADMAP FOR INVESTMENT-LED GROWTH AT STAKEHOLDERS ENGAGEMENT SESSION

The Federal Government's commitment to economic reform and development took center stage today as the Federal Ministry of Finance held its Citizens and Stakeholders Engagement on the Implementation of Presidential Priorities and Ministerial Deliverables for second quarter of 2025 in Abuja.

This quarterly engagement is designed to foster transparency, accountability, and inclusive growth, providing a platform for stakeholders to engage with the Ministry on its progress and challenges.

The Ministry's efforts were highlighted in the keynote address by the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who provided a comprehensive update on the implementation of presidential priorities and ministerial deliverables.

He outlined progress across key reform pillars, stabilising foreign exchange markets, expanding fiscal revenues, driving industrial investment, and improving social outcomes for Nigerians.

We are now in the third phase of our reform agenda, focused on accelerating investment-led growth that delivers jobs, reduces inflation, and lifts millions out of poverty, the Minister said. He added that Our trajectory is clear: from macro-economic correction to national transformation.

The Minister cited a substantial rise in external reserves, from under $4 billion to over $23 billion, and noted renewed investor confidence, evidenced by credit rating upgrades and major energy investments.

Speaking at the event, the Honourable Minister of State for Finance, Dr. Doris Uzoka-Anite underscored the importance of stakeholder engagement in delivering reform dividends: This platform enables citizens and the private sector to hold us accountable while shaping a more responsive and transparent economy, she said.

She assured of the Ministry's dedication to delivering on its mandate through effective policy implementation and stakeholder engagement with a view to driving economic growth and development that is equitable and sustainable.

Mr. Raymond Omenka Omachi, Permanent Secretary Special Duties, Federal Ministry of Finance, added that institutional collaboration and disciplined execution remain critical to sustaining reform momentum: We are working across ministries and agencies to ensure that reforms are not just announced, but effectively implemented with measurable impact, he stated.

The event drew participation from industry leaders, civil society organisations, and development partners. The second quarter 2025 Citizens and Stakeholders’ Engagement Session marked a significant step towards achieving the Federal Government's economic objectives. With a clear roadmap for investment-led growth and a commitment to transparency and accountability, the Ministry of Finance is poised to drive meaningful progress and deliver tangible benefits to Nigerians.

Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

The Honourable Minister of State for Defence, Dr. Bello Muhammad Matawalle, MON, has announced the establishment of the International Centre for Electronic Navigational Charts (ENC) – West Africa Regional Office and Training Centre – to be hosted by Nigeria’s National Hydrographic Agency (NHA).

The announcement was made during his keynote address as Special Guest of Honour at the 2025 World Hydrography Day Conference, held at the Ladi Kwali Conference Hall, Abuja Continental Hotel.

Hosted by the Hydrographer of the Federation and CEO of the NHA, Rear Admiral Ayo Olugbode, the conference convened regional and international stakeholders to spotlight Nigeria’s commitment to hydrographic innovation, maritime security, and regional collaboration.

Minister Matawalle reaffirmed the Federal Government’s commitment to advancing maritime security, regional integration, and the sustainable use of Nigeria’s vast ocean resources. He described the new ENC Centre as a strategic step toward positioning Nigeria as a regional leader in hydrography, ocean governance, and maritime technology.

“This Centre is not just a facility; it is a symbol of Nigeria’s strategic intent to lead in maritime data, regional security cooperation, and economic transformation,” he declared.
“With this establishment, Nigeria joins the ranks of global ENC leaders such as the United States, United Kingdom, Brazil, and Australia.”

The Centre will be pivotal for chart validation, data distribution, and capacity development in the use of Electronic Navigational Charts—critical tools that support global maritime safety, port efficiency, and digital navigation. It is projected to generate between $9 million and $12 million annually through international maritime services and value-chain operations, aligning with Nigeria’s blue economy agenda.

Dr. Matawalle emphasized that seabed mapping is a strategic necessity, vital not only to national security but also to environmental and economic sustainability.

“It is on the seabed that our digital infrastructure lies, our energy corridors pass, and our marine biodiversity flourishes,” he said.
“Mapping this domain is critical to our economic survival, ecological responsibility, and sovereign defence.”

He further noted that the Centre would become a cornerstone of Nigeria’s ocean economy, facilitating the expansion of shipping lanes, development of offshore wind energy, and sustainability of marine ecosystems.

“Today’s milestone is not merely about charts and coordinates—it is about reimagining our oceans as engines of growth, resilience, and peace.”

The Centre is also expected to serve as a regional training hub, offering specialised programmes for hydrographers and marine scientists across West Africa. Initiatives such as student research competitions, expert-led workshops, and technical exhibitions will contribute to building the next generation of maritime professionals.

“Our youth are not just participants in this vision—they are its inheritors,” the Minister said.
“By equipping them with the skills and knowledge to manage and protect our maritime assets, we secure our future.”

He added that the Centre aligns with Nigeria’s broader defence and development strategy, which recognises hydrography as a cross-cutting enabler of national security, economic diversification, and global maritime cooperation.

This year’s World Hydrography Day, themed “Seabed Mapping: Enabling Ocean Action,” echoes the urgent global call for nations to map, monitor, and manage their marine spaces responsibly. Nigeria’s leadership, according to Matawalle, signals a renewed commitment to regional stability, environmental stewardship, and sustainable ocean development.

Concluding his remarks, Dr. Matawalle called on stakeholders to deepen their collaboration and reaffirm their shared responsibility for ocean protection and progress.

“Let us support hydrographic advancement not just as a scientific exercise,” he urged, “but as a defence imperative, an economic enabler, and a collective responsibility for the future of our oceans.”

Edun Secures Private Sector Backing for Fuel Market Stability, Energy Transition

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has received firm assurances from key players in Nigeria’s downstream petroleum sector of their continued support for market stability, expanded investment, and alignment with the federal government’s ongoing economic reforms.

At a meeting held in Abuja on Thursday, Mr. Edun hosted a high-powered delegation led by Mr. Abdulkabir Adisa Aliu, Chief Executive Officer of Matrix Energy. The delegation also included Mr. Yakubu Maishanu, Chairman/CEO of AYM Shafa Ltd, and Alhaji Auwalu Abdullahi Rano, CEO of A.A. Rano—all influential players in Nigeria’s fuel distribution space.

During the meeting, the industry leaders highlighted the positive effects of recent policy reforms, particularly the removal of petrol subsidies, enhanced domestic fuel availability, a stabilising exchange rate, and a noticeable reduction in pump prices. According to them, the private sector is now supplying nearly 20 million litres of petrol daily—entirely without fiscal support from the government. This, they noted, demonstrates the strength and viability of private sector-led fuel distribution.

The marketers applauded the government’s enabling policy environment and called for continued policy clarity to bolster investor confidence and ensure smooth operations. They also reaffirmed their commitment to advancing investments in Compressed Natural Gas (CNG) infrastructure, a critical step in Nigeria’s transition to cleaner and more sustainable energy sources.

In his remarks, Mr. Edun commended the downstream operators for their resilience and leadership in ensuring uninterrupted fuel supply across the country. He assured them of the federal government’s commitment to sustaining a stable policy framework that attracts private investment and promotes inclusive economic growth in line with President Bola Ahmed Tinubu’s Renewed Hope Agenda.

The meeting underscored the growing synergy between government and private sector stakeholders in building a more resilient, competitive, and future-ready energy market for Nigeria.

Matawalle, Reaffirms Defence Ministry’s Commitment to Security as FG Vows Justice for Benue Massacre

The Honourable Minister of State for Defence, Dr. Bello Muhammad Matawalle, MON, has reaffirmed the Federal Government’s commitment to restoring peace and security in Benue State, following a brutal attack that claimed the lives of over 150 civilians in Yelewata community, Guma Local Government Area.

Dr. Matawalle was among top dignitaries who accompanied the Commander-in-Chief of the Armed Forces, President Bola Ahmed Tinubu, GCFR, on a high-level security assessment visit to the affected area on Tuesday. The delegation also included the service chiefs, senior intelligence officers, and other federal officials.

The visit came in the wake of what has been described as a heinous and cowardly assault by suspected armed elements on innocent civilians — an incident that has drawn nationwide condemnation.

President Tinubu, while addressing the press and the grieving community, strongly condemned the massacre and directed security and intelligence agencies to launch coordinated pursuit operations to apprehend and neutralise the perpetrators. The President assured the people of Benue that acts of terror will not go unpunished under his administration.

Speaking during the visit, Dr. Matawalle assured residents that the Armed Forces of Nigeria (AFN) is fully prepared to escalate ongoing security operations across the North Central zone. He emphasized that both kinetic and non-kinetic measures are being deployed to stabilize the region and secure the lives and property of citizens.

“The Ministry of Defence is deploying strategic assets to reinforce security in Benue and across Nigeria,” Matawalle said. “We remain committed to defending the sovereignty and territorial integrity of our country, and operations will continue until total normalcy is restored.”

The Minister reiterated that the era of impunity is over, and declared unequivocally: “To the enemies of the nation — your reign of terror is over.”

The Federal Government expressed its deep condolences to the bereaved families and assured the people of Benue State of its unwavering support in this difficult time.

“Our thoughts and prayers are with the affected families,” Dr. Matawalle said. “The Federal Government stands shoulder to shoulder with the people of Benue in this moment of grief.”

WALE EDUN WELCOMES SHELL’S RENEWED COMMITMENT TO NIGERIA’S ENERGY SECTOR

The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has welcomed Shell’s renewed commitment to Nigeria’s energy sector, expressing strong optimism about the company’s ongoing and future investments in the country.

Mr. Edun gave the assurance on Tuesday during a meeting with a senior delegation from Shell Petroleum Development Company (SPDC) Nigeria Limited, led by the Managing Director and Country Chair, Mr. Osagie Okunbor, at his office in Abuja.

The Minister applauded Shell’s continued contributions to Nigeria’s economic development and reaffirmed the administration of President Bola Ahmed Tinubu’s commitment to sustaining macroeconomic reforms, attracting long-term capital, and fostering a transparent, investor-friendly environment for both domestic and international partners.

The delegation also included Mr. Marno De-Jong, the incoming Chairman of Shell Nigeria Exploration and Production Company (SNEPCo) and Executive Vice President for Nigeria. The visit served to formally introduce Mr. De-Jong and reaffirm Shell’s strategic commitment to Nigeria in the wake of recent economic reforms under the Tinubu administration.

During the meeting, Shell confirmed its capital investment in the Bonga North deep-water project and associated infrastructure—part of a broader $5 billion commitment—marking its first major project of this nature in Nigeria in over a decade. The delegation also highlighted Shell’s recent $500 million acquisition of TotalEnergies’ stake in OML 118, further consolidating its long-term position in the country’s oil and gas sector.

Shell’s leadership attributed its renewed momentum to greater policy coherence, improved regulatory certainty, and ongoing government efforts to address legacy challenges, including those related to local content implementation.

The visit reflects growing international investor confidence in Nigeria’s economic trajectory and highlights the critical role of the private sector in advancing inclusive growth and energy security.

Edun, Cardoso Meet as Nigeria Pushes for Stronger Fiscal-Monetary Policy Synergy

In a move aimed at reinforcing macroeconomic stability, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, on Friday met with the Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso, to strengthen coordination between fiscal and monetary policies.

The meeting comes as Nigeria records a further decline in inflation, which eased to 22.97% in May 2025 — a development officials are keen to consolidate. Discussions between the two top economic managers centred on strategies to sustain this downward trend, stabilize prices, and support investor confidence.

Both officials acknowledged that closer alignment between fiscal and monetary authorities is critical for steering Nigeria towards sustainable growth. For a country like Nigeria — facing structural economic challenges and a strong push for private sector-led development — harmonizing fiscal and monetary tools is vital to ensure coherent policy signals, efficient resource allocation, and long-term economic resilience.

The meeting also underscores the Ministry of Finance’s commitment to collaborative economic governance, with a shared focus on creating an environment conducive to investment, job creation, and inclusive development.

Nigeria’s Quiet Economic Reordering

For years, Nigeria’s economy staggered under the weight of distortions that rewarded insiders and punished the wider population. Billions of dollars were drained each year to sustain fuel subsidies—a scheme that, while politically popular, served more as a sluice gate for corruption than a safety net for the poor. It is estimated that over a quarter of subsidized petroleum products were siphoned off and resold across neighbouring countries, like Niger, Cameroun and Benin Republci. The system not only bled government coffers dry but also stifled private investment in refining, leaving Africa’s largest crude producer paradoxically dependent on imports for its domestic fuel needs.

The removal of fuel subsidies marked a seismic shift in Nigeria’s economic landscape, one that has begun to reshape the contours of the country’s long-fragile fiscal architecture. The long-delayed Dangote Refinery, a $19 billion private investment, finally gained commercial viability only after subsidies were dismantled, breaking the decades-old incentive structure that discouraged meaningful private capital from entering the sector. The refinery’s full operations, alongside others like BUA’s emerging facility, signal what could become a new era of self-sufficiency and value addition in Nigeria’s oil industry. The industry is one that is now attracting a growing queue of prospective investors.

But energy reform has been only one piece of a larger, and far more delicate, restructuring effort. Perhaps no reform has had more immediate impact on Nigeria’s macroeconomic stability than the unification of the country’s multiple foreign exchange windows. For years, Nigeria operated a convoluted FX regime where official rates differed sharply from parallel market rates, inviting arbitrage on a massive scale. The system bred opacity, discouraged foreign capital, and made genuine price discovery near impossible. In a country where businesses import a substantial share of their inputs, such volatility rendered long-term planning hazardous at best.

The harmonization of FX rates, though initially painful, has finally brought a measure of predictability to the marketplace. Businesses and investors can now enter contracts and structure financing with a greater degree of certainty that was previously unthinkable. The International Monetary Fund, the World Bank, and credit rating agencies such as Fitch and Moody’s have taken note, revising Nigeria’s outlooks upward in recent months. Moody’s, for instance, recently upgraded Nigeria’s outlook to positive, citing progress on fiscal and monetary reforms.

The newfound policy coherence has also emboldened portfolio and direct investors. After years of capital flight, Nigeria is once again seeing cautious inflows. International funds are re-engaging with Nigerian assets, while sectors ranging from infrastructure to technology have drawn fresh interest. Global oil majors, long hesitant to commit capital to Nigeria’s upstream sector, are now revisiting expansion plans under more transparent contractual terms. The ongoing overhaul of the Nigerian National Petroleum Company (NNPC), now a commercially driven limited liability company, is improving governance in what was once one of the most opaque corners of the state.

At the heart of this delicate rebalancing act is Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, whose low-key but steady stewardship has helped hold together what could easily have unraveled under less deft hands. Operating mostly away from the limelight, Edun has worked to restore discipline to public finance, rebuild investor confidence, and coordinate often-competing interests within the government’s economic team. Under his watch, public spending is being re-prioritized, leakages plugged, and revenue collection strengthened. The government’s books, for once, are beginning to reflect both prudence and a seriousness of purpose.

Of course, the road ahead remains long and fraught. Inflation remains elevated, and living standards for many Nigerians are still under strain. The reforms have inflicted short-term pain—politically risky but perhaps necessary cost for long-term stability. Yet for the first time in many years, Nigeria’s economic trajectory appears to be moving not in reaction to crisis, but according to a deliberate, if difficult, plan.

Wale Edun, and his team must sustain both the political will and administrative capacity needed to consolidate these early gains Nigeria’s economy has made. For a country that has long been accustomed to financial instability, the emergence of a credible economic framework for growth as we are stilling under Mr. Edun is no small achievement.

Oritsemisan Okorite, a journalist writes from Lagos

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Ribadu: The Steady Hand Nigeria Forgot It Needed
By Taye Paul Olubayo

Let us speak plainly. Nigeria has always been generous in producing men who speak thunder but deliver drizzle. The country has no shortage of promises, nor of those who make them in designer agbada and sanctimonious tones. Yet now and then, out of the smoke and noise, someone steps forward who does not seek applause, who does not dance for cameras, who simply works.

Nuhu Ribadu is one such man.

He is remembered still, perhaps with a mix of reverence and fear, as the relentless enforcer who once held the Economic and Financial Crimes Commission with an iron will and an incorruptible conscience. But the story has turned a new page. Today, he stands again in the service of a restless nation, this time not as the hunter of treasury looters, but as the quiet steward of national security.

And his presence, though understated, has begun to change the air.



From the Chase of Looters to the Orchestration of Order

There was a time, not long past, when corruption flowed through the veins of government as freely as palm wine at a village feast. It was a time when stealing was rebranded as entitlement, and silence was bought in hard currency. Into that season came Ribadu, uninvited and unafraid. As the EFCC’s first chair, he did not nibble at low-hanging fruit. He climbed the tree and shook it.

Governors were dragged to courtrooms. Senior police officers were humbled. Ministers fell like cracked statues. Over two hundred convictions in four years. That is not the stuff of slogans. That is architecture.

Among his many high-profile cases, none rang louder than the takedown of Tafa Balogun, the former Inspector General of Police, who was made to disgorge over one hundred and fifty million pounds in stolen funds. Because of this and other acts of courage, Nigeria began to emerge, slowly and hesitantly, from the grey lists of global shame.

But then, as often happens here, politics bared its teeth and pushed him aside.

Nearly twenty years later, the same man walks a new path. Same resolve. Different war.



The Language of Numbers and the Silence of Results

Since June of twenty twenty-three, when Ribadu assumed the role of National Security Adviser, something has shifted in the country’s posture. Not the usual shift of words and headlines, but the kind that whispers itself into daily life.

Fifteen thousand terrorists neutralised. Over one hundred and twenty-four thousand fighters from Boko Haram and ISWAP have surrendered their arms. These are not just statistics. These are entire ideologies retreating. These are towns breathing again.

In the space of three months, the armed forces achieved the following:
• Sixty five commanders of terror taken down
• Over one thousand nine hundred militants killed
• Nearly two thousand eight hundred suspects arrested
• More than one thousand eight hundred captives rescued from darkness

These numbers speak softly but carry weight. They do not shout from podiums. They come from the dust and heat where soldiers stand between chaos and what remains of order.

And consider Ogoniland. For decades, oil exploration there was synonymous with blood. Now, for the first time in nearly thirty years, drilling has resumed. No gunshots. No smoke. Just work. Quiet work. The kind that heals.



The Return of Coordination in a Previously Broken Orchestra

What separates Ribadu from many who have held the post before him is not merely intellect or experience. It is instinct. The instinct to listen, to connect, to harmonise a cacophony into a single note.

For the first time in years, the military, the police, the air force, the navy, the DSS, and intelligence bodies are not operating like strangers forced into the same room. They are cooperating. Sharing intelligence. Planning together. Acting as one. The machinery is finally moving in rhythm.

Look to the southeast, where once the mere mention of IPOB or ESN turned men pale. Today, those groups are increasingly cornered. In the northwest, banditry is losing its swagger. The responses are swift, coordinated, deliberate. What was once patchwork has become a quilt. And in that quiet stitching lies the return of state authority.



It Is Not Paradise Yet, But There Is Purpose

Let us not fall into delusion. There are still tears in the fabric. Attacks still occur. Entire communities remain on edge. In many regions, sleep is still interrupted by distant gunfire. These are not illusions. They are the lived realities of people who have seen too much.

But something has changed. Intelligence gathering is no longer an exercise in hindsight. Threats are being intercepted before they manifest. The DSS and NIA are preventing crises that will never make headlines. Cross-border weapons are being stopped before they become tools of sorrow.

Of course, the work is not perfect. Concerns have been raised, rightly so, about how some operations are carried out. And the police, along with immigration, still struggle beneath the weight of bureaucracy and inefficiency. But this time, something feels different. The silence is not apathy. It is attention. Someone is watching. Someone is acting.



The Wind Beneath the Strategy

All this would crumble without political will. But President Bola Tinubu has chosen to throw his weight behind the security structure, and it shows. Not just in speeches but in the speed of budget approvals, in the urgency of arms procurement, and in the accountability demanded of service chiefs.

This is not the old game of pass-the-blame. This is responsibility backed by power. And in that rare alignment, results are blooming.



Why This Moment Matters

Because without security, there is no life. Schools shutter. Roads empty. Markets rot. Hope becomes a fugitive. Even the most poetic democracy dies when people cannot sleep in peace.

What Ribadu and his team are doing is not merely a war against terror. It is a slow, patient rebuilding of the right to live. To gather. To dream.

For the first time in many years, there is a whisper rising. Not a cheer, but a cautious murmur. A question that perhaps things might change. That this nation, so battered by its own hands, might yet find a rhythm of peace.

And if we nurture this fragile moment, if we support those who protect us, demand honesty from those who lead us, and continue to lean toward unity instead of division, then maybe—just maybe—we will arrive at a place where Nigerians do not just endure.

They will live. And live fully.

Democracy Day 2025: Matawalle Salutes Armed Forces’ Courage, Patriotism and Sacrifice

As Nigeria celebrates Democracy Day 2025, the Honourable Minister of State for Defence, Dr. Bello Muhammad Matawalle, MON, has extended warm greetings to Nigerians, while paying special tribute to the nation’s Armed Forces for their unwavering dedication to safeguarding the country’s territorial integrity and preserving democratic governance.

In a statement issued to mark the occasion, Dr. Matawalle described June 12 as a symbol of Nigeria’s national resolve and collective aspiration. According to him, the democracy being celebrated today was not handed down lightly, but earned through heroic struggles and the supreme sacrifices of patriots who dared to envision a free, just, and sovereign Republic.

Reaffirming the position of the military under the Renewed Hope Agenda of the Commander-in-Chief of the Armed Forces, President Bola Ahmed Tinubu, GCFR, the Minister assured Nigerians of the unalloyed loyalty and combat readiness of the Armed Forces to defend the Constitution, protect democratic institutions, and preserve peace and unity across the country.

“Today, our Armed Forces operate in an increasingly complex security environment—marked by terrorism, insurgency, banditry, cyber warfare, disinformation, and cross-border criminality,” the Minister noted. “Despite these evolving threats, the Nigerian military remains vigilant, adaptive, and professional. Under the strategic direction of the Ministry of Defence, we continue to invest in force modernisation, training, morale enhancement, and the welfare of our personnel and their families.”

Dr. Matawalle also restated the Ministry’s commitment to strengthening Nigeria’s security architecture through a whole-of-government and whole-of-society defence strategy. This approach, he explained, is anchored on collaboration, intelligence synergy, and inter-agency cooperation towards ensuring a secure and democratic Nigeria for all citizens.

The Minister offered special recognition to the gallant troops currently deployed in various theatres of operation across the country and beyond, stating that their courage, discipline, and selflessness inspire confidence and command national respect. He emphasized that the sacrifices of these brave men and women form the foundation upon which Nigeria’s peace and democracy are built.

Dr. Matawalle also honoured the nation’s veterans and the families of fallen heroes, assuring them that their pain and sacrifices are not forgotten. “The nation owes you a debt of gratitude that can never be repaid in full. We honour you with solemn pride and assure you that your loved ones’ legacy lives on in the heart of the Republic,” he said.

As the country marks Democracy Day 2025, the Minister called on all Nigerians to renew their collective commitment to building a stronger, more united, and resilient nation, noting that democracy is sustained not only through ballots, but also by the vigilance, unity, and patriotism of every citizen.

“Long live the Federal Republic of Nigeria. Long live the Armed Forces of Nigeria,” the Minister concluded.

Survey Report: Nigerians Say Security Has Greatly Improved on Kaduna–Abuja Expressway

In a recent survey conducted on the social media platform X (formerly Twitter), Nigerians indicated that there have been significantly fewer security incidents on the Kaduna–Abuja Expressway over the past two years.

To assess public perception of safety along the Kaduna–Abuja Expressway—a corridor once notorious for high-profile abductions and violent attacks—Mr. Taye Paul Olubayo, a security and media consultant known on social media as @EfiweOfficial, conducted an online poll asking Nigerians:

“When last did you hear of a major kidnapping incident on the Kaduna–Abuja Expressway?”

A total of 205 respondents participated in the poll. The aim was to gauge when the public last became aware of a major security breach on the route. Only 16 respondents reported hearing of an incident in the past one month, while 18 said they had heard of one in the past three to six months. A further 35 respondents indicated they last heard of an incident about a year ago.

The overwhelming majority—66.3% of respondents, representing 136 votes—reported not hearing of any major kidnapping on the expressway in the past one to two years or more.

This significant margin suggests a notable improvement in public perception, likely reflecting enhanced security measures and sustained counter-terrorism operations along the corridor.

It is particularly telling that only 7.8% of respondents reported awareness of a kidnapping incident within the past month—further reinforcing the perception of improved safety and deterrence under the administration of President Bola Ahmed Tinubu.

This shift aligns with recent security gains and operational realignments spearheaded by the Federal Government, especially President Tinubu’s directive for security forces to restore full security across northern Nigeria before the end of 2025.

In a recent public presentation, National Security Adviser (NSA), Malam Nuhu Ribadu, detailed the Federal Government’s aggressive response to terrorist threats and criminal activity across the country since the current administration assumed office.

According to the NSA, over 13,000 terrorists have been neutralised in the past two years, and hundreds of thousands of rounds of assorted ammunition have been recovered and destroyed.

Speaking on the often-unseen nature of the work being done by his office and security agencies, Ribadu noted:

“We do not talk much because of the nature of the work we are doing. Most of these things have not been made public. That’s why we are taking our time to use this opportunity to bring the facts and figures so that people will know.”

He further stated that, through enhanced intelligence gathering and inter-agency coordination by the Office of the National Security Adviser, major security flashpoints—including the Kaduna–Abuja Expressway—have now become safer for both travel and residence.

“Let me reiterate that significant gains have been recorded in addressing Nigeria’s complex security landscape since May 29, 2023,” he said.

“We have enhanced security operations, improved intelligence gathering, and targeted interventions that are stabilising key hotspots and reducing casualties.”

BREAKING: Matawalle Invites Governor Dauda Lawal to Join APC, Urges Him to Embrace Progressive Leadership

The Honourable Minister of State for Defence and immediate past Governor of Zamfara State, Dr. Bello Muhammad Matawalle, MON, has extended a public invitation to Governor Dauda Lawal to formally join the All Progressives Congress (APC).

Dr. Matawalle made the appeal on Saturday, June 7, 2025, at his residence in Maradun, where he received thousands of supporters who paid him a Sallah homage. Addressing the crowd, he described the APC as a party of “leaders with humility and respect” and called on Governor Lawal to embrace the progressive fold for the development and unity of Zamfara State.

While welcoming the idea of Governor Lawal’s potential defection, the Minister urged him to do so through proper and transparent channels. “Instead of playing a hide-and-seek game, the Governor should come out openly and follow due process to join the APC,” Matawalle said.

He emphasized that he harbours no personal grievance against the Governor and is ready to receive him into the party in the interest of the state. He noted that the APC remains open to all who are genuinely committed to the progress, peace, and development of Zamfara and Nigeria.

Matawalle also praised President Bola Ahmed Tinubu as a unifying and visionary leader whose Renewed Hope Agenda prioritizes national security, economic prosperity, and inclusive governance. “President Tinubu is always ready to welcome anyone who shares in the dream of peace, unity, and progress,” he added.

Reaffirming his continued commitment to the welfare of his supporters, Matawalle urged them to remain steadfast in their support for the Tinubu administration, particularly in the core areas of security, agriculture, health, social wellbeing, and economic growth.

He noted that the President has demonstrated genuine concern for the plight of Zamfara State and is actively working to restore stability. He called on the people of the state to support the President’s vision to overcome the state’s challenges.

The Minister highlighted recent strides by the Tinubu administration in counter-terrorism efforts, including the neutralization of key terrorist commanders and their foot soldiers. He disclosed that President Tinubu has directed the security services to end the spate of insecurity in northern Nigeria before the end of the year. The Ministry of Defence, in coordination with the nation’s security architecture, is diligently working toward fulfilling this mandate.

However, Matawalle criticized the current Zamfara State Government for what he described as a lacklustre approach to tackling banditry. He accused the administration of misleading the public rather than implementing serious security strategies.

Reflecting on his own tenure, Matawalle said his administration achieved meaningful progress in the areas of security, welfare, and public safety, despite working with far fewer financial resources—receiving only about ₦3 to ₦4 billion monthly in federal allocations. In contrast, he alleged that Governor Lawal’s administration now receives between ₦19 to ₦24 billion monthly but has not delivered commensurate results.

He challenged Governor Lawal to publicly disclose the exact federal allocations the state receives monthly and to provide a transparent account of how those funds have been spent, particularly on development projects.

Putting Nigeria First: NASENI Leads the Charge for Made-in-Nigeria Patronage

For decades, Nigeria’s economy has struggled under the weight of its heavy reliance on imported goods. From electronics to machinery, consumer products to industrial tools, the preference for foreign-made items has stifled local industries, drained foreign exchange, and contributed to rising unemployment. Changing this entrenched pattern requires more than policy—it demands leadership, consistency, and cultural reorientation.

That is where the National Agency for Science and Engineering Infrastructure (NASENI) has stepped in with remarkable foresight.

Long before President Bola Ahmed Tinubu unveiled the “Nigeria First” policy—an ambitious directive aimed at prioritizing local content in government procurement—NASENI had already laid the foundation for this shift. Through its Made-in-Nigeria Strategic Focus Group meetings and nationwide awareness campaign, NASENI was one of the first government agencies to boldly take on the challenge of promoting locally manufactured goods.

Under the leadership of Executive Vice Chairman/CEO, Khalil Suleiman Halilu, the agency has galvanized stakeholders—ranging from manufacturers and policymakers to traders, civil society, and academics—around a shared goal: to boost confidence in Nigerian products and shift consumer behavior away from import dependence.

President Tinubu’s directive to the Bureau of Public Procurement (BPP) to revise guidelines in favour of local suppliers gives fresh impetus to this cause. It represents an official acknowledgment of the work NASENI began and now positions the agency as the lead driver of a policy-backed national movement.

The stakes are high. Promoting Made-in-Nigeria goods is not merely a patriotic ideal—it is an economic necessity. When Nigerians buy Nigerian, industries grow, jobs are created, and the economy becomes more resilient. A strong local manufacturing base also reduces vulnerability to global supply shocks and currency fluctuations.

NASENI’s homegrown innovations—including assembled-in-Nigeria vehicles, smart irrigation systems, mobile devices, laptops, and energy solutions—are proof that local capacity exists. But as Halilu rightly notes, quality and standards must not be sacrificed. The challenge now is for local producers to match and surpass the expectations of Nigerian consumers, thereby earning their trust and loyalty.

NASENI’s early and consistent efforts have already begun to spark a conversation around local content and national pride. With the federal government now lending policy weight through the “Nigeria First” initiative, the stage is set for a historic turnaround in Nigeria’s industrial future.

The time to believe in, produce, and buy Nigerian is now. And NASENI is showing the way.

- Bature Danlami, a technology enthusiast writes from Kano State.

NAVY @69: MATAWALLE HAILS NIGERIAN NAVY’S STRATEGIC READINESS AT CEREMONIAL SUNSET DINNER

…Unveils Special Operations Command and 70th Anniversary Logo

The Honourable Minister of State for Defence, Dr. Bello Muhammad Matawalle, MON, this week on Sunday, 1 June 2025, graced the Nigerian Navy’s 69th Anniversary Ceremonial Sunset Dinner as the Special Guest of Honour. The event was held at the Naval Dockyard Limited, Victoria Island, Lagos.

The occasion marked a significant milestone in the history of the Nigerian Navy, commemorating nearly seven decades of resolute service in safeguarding Nigeria’s maritime domain, supporting internal security, and contributing to regional stability in the Gulf of Guinea and beyond.

In his remarks, Dr. Matawalle lauded the Nigerian Navy for maintaining a high state of combat and strategic readiness despite the increasingly complex security environment in Nigeria’s Exclusive Economic Zone (EEZ) and across the wider maritime theatre. He described the Navy as “a strategic instrument of national power projection, maritime interdiction, and critical infrastructure protection,” emphasizing its vital role in defending Nigeria’s hydrocarbon assets, sea lines of communication, and territorial waters.

The Minister stressed that maritime security is central—not peripheral—to President Bola Ahmed Tinubu’s Renewed Hope Agenda, noting that a safe and secure maritime environment underpins Nigeria’s broader economic aspirations. “To invest in the Navy’s capacity is to reinforce the foundational bedrock of national progress. The security of our maritime domain is non-negotiable,” he declared.

Dr. Matawalle also commended the Nigerian Navy for its impressive operational successes in combating piracy, oil theft, sea robbery, and illegal bunkering within Nigeria’s maritime corridor. He attributed these gains to the Navy’s sustained forward deployments, intelligence-led patrols, and precision interdiction missions. He further applauded the Navy’s collaboration with domestic and international security and intelligence agencies, which has yielded enhanced maritime governance and restored confidence in Nigeria’s offshore and coastal waters.

A key highlight of the evening was the official unveiling of the Nigerian Navy Special Operations Command (NNSOC) logo by the Honourable Minister. The newly established Command is envisioned as a rapid deployment force with elite special operations capabilities, tailored to execute land-based missions in support of internal security operations. This strategic initiative forms part of the Navy’s ongoing force restructuring effort, aimed at responding effectively to Nigeria’s dynamic and multi-dimensional security threats.

In addition, the Honourable Minister unveiled the official Nigerian Navy 70th Anniversary Logo, kicking off a 12-month countdown to the Navy’s Platinum Jubilee celebrations scheduled for June 2026. He described the forthcoming milestone as a time for national reflection, strategic recalibration, and renewed commitment to maritime excellence and continental leadership.

Addressing officers, ratings, and civilian staff of the Nigerian Navy, Dr. Matawalle stated that “The expectations of the nation are immense. Let your discipline remain unshaken. Let your resolve be unbreakable. The Federal Government stands firmly with you and will continue to provide the tools of war, platforms of deterrence, and technologies of dominance.”

He urged all personnel to remain guided by the enduring values of service, honour, and fidelity to the nation, noting that these are the hallmarks of the Nigerian Armed Forces.

The Minister paid tribute to the Chief of the Naval Staff, Vice Admiral Emmanuel Ikechukwu Ogalla, for his visionary leadership, institutional reforms, and steadfast commitment to enhancing fleet readiness, improving personnel welfare, and strengthening joint operational integration.

Dr. Matawalle concluded by reaffirming the unwavering support of the President Tinubu administration for the Nigerian Navy’s evolving strategic vision, posture, and capability expansion.

Insecurity: Tinubu, Matawalle should be commended for reinvigorating Navy — Saka

A public affairs analyst, Mr Deyemi Saka, yesterday, said the new Nigerian Navy’s Platforms commissioned last Saturday in Lagos would curb piracy on the country’s waterways and boost economic activities.

Saka, who spoke on the midterm assessment of President Bola Tinubu on security with emphasis on the Nigerian Navy, also commended President Tinubu and the Minister of State for Defence, Dr. Muhammed Matawalle for doing a great job in the sector.

Speaking while featuring on TVC’s current affairs programme, This Morning, Saka said he witnessed the commissioning of the helicopters and drones first hand, adding that they would curb oil theft and smuggling on Nigeria’s waterways.

He said: “The Nigerian Navy last week Saturday, during the celebrations of its 69th anniversary in Lagos, demonstrated its might and what to be expected on our waterways from now onward. The Navy has discharged its duties creditably under the supervision of the Minister of State for Defence, Dr Muhammed Matawalle; and the Chief of Naval Staff, Rear Admiral Emmanuel Ogalla in consonance with the Renewed Hope Agenda of President Bola Tinubu.

“The platforms and helicopters launched would greatly improve our prosperity, because it would curb piracy which has been the bane of our economic problems.

“The new helicopters and Unmanned Aerial Vehicle, UAV, drones were commissioned to send strong signals that the Nigerian Navy is gradually matching up and the issue of piracy on our waterways would be reduced to its barest minimum soon.

“Dr. Matawalle did a yeoman’s job in connection with the naval chief, his officers and men in tandem with President Tinubu’s agenda. It was splendid.”

On the resurgence of Boko Haram in the NorthEast and other parts of the country, Saka said: “The armed forces are overburdened by many operations that ought to be strictly for the DSS and the Police.”

He said: “The armed forces should concentrate on defending Nigeria against external aggressors and not public safety that they are encumbered with now.

“It’s not been fun. We burdened the armed forces with the responsibility they should not be having. The public safety should be for the DSS and the police to contend with.”

Speaking on the crisis in the North-Central, he said: “We need a proper definition for the criminal acts going on in the country. “For instance, how do you classify what’s going on in Benue, Plateau, Nasarawa and Niger states as farmers/herders clash? It’s not fair that you plant a crop for six months and someone destroys it in the name of rearing cattle. I don’t think it’s fair. Once we’re able to properly situate it, we’ll be able to tackle it.

“I moved around the north and I saw a lot of improvement in the air wing of the army.”

TWO YEARS OF NIGERIA’S FOREIGN POLICY UNDER THE ADMINISTRATION OF PRESIDENT BOLA AHMED TINUBU: AN INFORMED COMMENTARY

By

AMBASSADOR ‘SOLA ENIKANOLAIYE



The Administration of President Bola Ahmed Tinubu, GCFR celebrated two years in office a few days ago on Thursday, 29th May 2025. It is important that one pauses to take an insider look at the journey so far, as well as chart the course for the remaining part of his first term. Indeed, two years is sufficient to assess the effectiveness or otherwise of an Administration’s progress in any area, not least, the sphere of foreign policy and international relations.



In his address at the Ministerial Briefing Series delivered on 20th March 2025, aptly entitled “From Passive to Active Global Engagement Under President Bola Ahmed Tinubu’s Leadership”, the Honourable Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, CON, set the tone and contours of assessment of the Administration’s scorecard in the area of Nigeria’s foreign policy and international relations.

At the inauguration of this Administration on 29th May 2023, President Bola Ahmed Tinubu declared that: “…Given the world in which we reside, please permit a few comments regarding foreign policy. The crisis in Sudan and the turn from democracy by several nations in our immediate neighborhood are of pressing concern. As such, my primary foreign policy objective must be the peace and stability of the West African subregion and the African continent. We shall work with ECOWAS, the AU and willing partners in the international community to end extant conflicts and to resolve new ones. As we contain threats to peace, we shall also retool our foreign policy to more actively lead the regional and continental quest for collective prosperity… On this day, Nigeria affirms its rightful place among the world’s great democracies. There, Nigeria shall reside forever…”



With this broad policy statement, Mr. President set out the strategic goals and objectives of Nigeria’s foreign policy as well as the focus of his Administration in this sphere. It can thus be deduced from Mr. President’s inaugural statement that the West African sub-region and Africa would be a major focus of his Administration’s foreign policy exertions. This has served to reinforce the popular mantra that Africa is the centre-piece and the corner stone of Nigeria’s foreign policy. For the Administration of President Bola Ahmed Tinubu, this time-honored focus of Nigeria’s foreign policy locates Nigeria and Nigerians as the object and subject of Nigeria’s foreign policy and international relations.

One point to stress, however, is that the ultimate decisions about Nigeria’s foreign policy and international relations as with other positions of the Federal Government, lie with Mr. President on whose table the buck stops. He is ultimately the chief foreign policy maker, albeit with inputs from other critical stake holders such as the Ministry of Foreign Affairs and relevant Ministries, Departments and Agencies (MDAs) of Government.

In terms of foreign policy orientation, Mr. President’s approach derives from the Linkage Theory propounded by scholars such as James Rosenau and others including our own Professor Ibrahim Gambari in terms of the domestic sources of foreign policy and the nexus between the domestic and the external. A vibrant and an effective foreign policy must be anchored on strong domestic foundations including the strength of the economy, the unity, elite consensus and internal cohesion of the populace, security and other domestic priorities.

Shortly after the appointment of Ministers, Ambassador Yusuf Maitama Tuggar, Honourable Minister of Foreign Affairs, announced that the foreign policy thrust of the Administration would be tagged “Tinubu 4Ds Doctrine”. These 4 Ds represent Democracy, Development, Demography and Diaspora.

Moody’s Upgrades Nigeria’s Credit Rating Amid Reform Gains, Investor Confidence Grows

In a significant vote of confidence in Nigeria’s economic management, Moody’s Ratings has upgraded the country’s sovereign credit rating from Caa1 to B3, citing improvements in external reserves, fiscal consolidation, and a more stable macroeconomic outlook. The outlook was also revised from positive outlook to stable outlook, reflecting expectations that these reforms will continue to take root.

This marks another major validation of the economic reform agenda spearheaded by Mr. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, under the leadership of President Bola Ahmed Tinubu.

According to Moody’s, the upgrade is driven by “significant improvements in Nigeria’s external and fiscal positions.” These gains were enabled by bold policy reforms, including the removal of costly fuel subsidies, the unification of the foreign exchange market, and early signs of tax reform effectiveness.

“The Naira is now more accurately priced by the market, correcting its previous overvaluation and facilitating significant external rebalancing,” the ratings agency stated. Nigeria’s foreign exchange reserves have surged, with net reserves increasing to $23 billion by the end of 2024, compared to just $8 billion two years earlier. The once-bloated gap between the official and parallel market exchange rates has also narrowed considerably.

Moody’s acknowledged that while Nigeria still faces vulnerabilities—such as oil price volatility and inflation, policy consistency, improved monetary management, and rising non-oil revenues provide a stronger buffer than in previous years. Nigeria’s primary budget balance moved into surplus in 2024 for the first time in years, driven by both subsidy savings and enhanced revenue mobilisation.

Analysts have said that the upgrade is a clear reflection of Mr. Edun’s steady hand in steering the economy through a tough but necessary restructuring period. Since assuming office, Edun has championed the shift from distortionary subsidies to targeted social investments, supported a transparent FX regime, and worked closely with international development institutions to reframe Nigeria’s engagement with global capital markets.

At the recent IMF–World Bank Spring Meetings in Washington D.C., Mr. Edun assured investors that Nigeria’s reforms were not only bold but irreversible. He cited major infrastructure drives, including the rollout of 90,000km of fibre optics and large-scale road tenders, as evidence of a government ready to stimulate real sector growth and employment.

The improved rating comes on the back of increased investor interest in Nigeria. Key international firms are expanding their footprint, and the government’s renewed focus on transparency and efficiency has made Nigeria a more attractive destination for capital.

Additionally, Nigeria’s accession to the Asian Infrastructure Investment Bank (AIIB) is expected to unlock long-term funding for strategic sectors, especially energy, digital infrastructure, and transportation. Analysts say this, coupled with regulatory reforms and fiscal discipline, strengthens Nigeria’s case as an emerging market to watch.

The Federal Government has also welcomed the Moody’s Investors Service’s upgrade of Nigeria’s long-term foreign-currency issuer rating.

Reacting to the development, President Tinubu reaffirmed the Administration's resolve to maintain prudent economic management while fostering inclusive growth.

"This upgrade signals to global investors and partners that Nigeria is back on a path of responsibility, reform, and renewed credibility. It underscores our unwavering commitment to transparency, discipline, and prosperity for all Nigerians," the President said.

The Federal Government noted that it remains committed to sustaining the reform momentum and strengthening the resilience of the Nigerian economy.
It also stated that under the leadership of Mr. Wale Edun, efforts will continue to broaden the tax base, deepen the digital economy, boost industrial productivity, and support the most vulnerable through well-targeted social protection programs.

"This positive rating reinforces global confidence in Nigeria's future and represents a milestone in the Administration's goal of restoring investor trust, unlocking economic potential, and securing long-term prosperity", President Tinubu added.

Beyond the Policy: How NASENI is Powering the Nigeria First Movement
By Khalil Suleiman Halilu

In 1961, South Korea was a textbook case of despair. Per capita income sat below $100. Literacy rates hovered around 30%. Samsung was still a grocery trading company, and Hyundai was repairing fishing boats. But instead of outsourcing its future, Korea placed a bold bet—on its people, its industries, and on disciplined, deliberate execution. Today, Samsung’s market cap exceeds $260 billion. Hyundai earned over $120 billion in revenue last year. For perspective, Nigeria’s entire 2024 federal budget is about $20 billion. The lesson here isn’t to idolize Korea—it’s to recognize what becomes possible when a nation aligns purpose with policy, and ambition with action.
At NASENI, we see Nigeria’s opportunity in similar terms. With 220 million people, a median age of just 18, and nearly four million young Nigerians entering the workforce every year, we’re not short on energy or ambition. But to turn this into prosperity, we need more than potential—we need a movement. One that aligns strategy with action. One that transforms “Nigeria First” from a policy into a shared national priority.
When President Bola Ahmed Tinubu signed the Nigeria First policy, it was not just a symbolic act. It was a hard reset. A new operating system for national development. A deliberate shift toward prioritizing Nigerian-made solutions, Nigerian innovation, and Nigerian enterprise. This is not politics. This is economics—with purpose.
At NASENI, we see this not as rhetoric, but as roadmap. The data is clear: in Q3 of 2024 alone, Nigeria spent trillions of Naira on imports. A large share of that spending went toward products we have the capacity to build here—solar panels, software, machine parts, even furniture.
What if we redirected even a fraction of that capital toward homegrown production? What if we bet on ourselves?

The movement we are leading is about exactly that—putting Nigeria in motion, powered by local capability. This is not about isolationism. It is about inclusion. It is about choosing to reinvest value here at home—stimulating manufacturing, deepening our tax base, strengthening the Naira, and most importantly, creating jobs.

This is not theoretical. The movement is already underway.

In Katsina, our smart irrigation systems have doubled farm yields. In Ebonyi, we are testing locally built lithium batteries for off-grid communities. In Anambra and Ogun, we are working with manufacturers to remove friction using Nigerian-made technology. And just last year, NASENI launched 35 market-ready products, secured $3.25 billion in private and development capital, and trained over 5,000 local innovators.

We are not only driving innovation—we are creating a new industrial backbone, built for and by Nigerians.

But no movement thrives in isolation. Government must lead, but the private sector must scale. Public procurement—estimated to be 25–30% of GDP—is a powerful lever. With Nigeria’s GDP projected to reach $1.4 trillion in 2025, this means $350–$420 billion in procurement spending. Directing even half of that to Nigerian producers could unlock over 2 million jobs each year.

This is not charity. This is smart economics. Every time a government agency chooses Nigerian-made goods—vehicles, equipment, software—they are investing in trust, signaling belief, and building the momentum of the movement.

Patriotism must become more logistical than symbolic. It should live in vendor lists, procurement memos, and balance sheets.

That’s why NASENI is scaling HatchBox—our incubation platform—to support over 10,000 innovators this year. That is why we launched the NASENI Innovation Hub with AfriLabs to provide critical infrastructure for startups. And that’s why we’re working with state governments to build regional manufacturing hubs focused on energy, agriculture, and IT—creating 10,000+ direct jobs and over 30,000 indirect ones.

We are also laying the groundwork for Nigeria’s first lithium-ion battery manufacturing plant—a critical step for energy independence and EV adoption. Alongside that, we are designing templates to make it easier for MDAs to source Nigerian technologies, targeting a 25% increase in local content for public procurement.

All of this is part of a broader movement—one that says: we do not need to wait to be developed. We can build.

But to do this at scale, we need coordination. Agencies must align. Budgets must serve solutions, not just systems. And policies must speak to each other—because when that happens, we go faster, together.

Let us be clear: this movement isn’t about resisting globalization. It is about shaping it from a place of strength. It is about building a Nigeria that does not just consume value—but creates it. One that earns respect not because of our size, but because of what we build and how we solve problems.

We are not chasing miracles. We are compounding progress.

This is what “Nigeria First” looks like—not as a slogan, but as a daily practice. One procurement decision, one innovation, one young entrepreneur at a time.

Because our Samsung moment won’t come from imitation. It will come from commitment—to our people, our producers, and our collective power to build.

Khalil Suleiman Halilu
Executive Vice Chairman and Chief Executive Officer of NASENI (National Agency for Science and Engineering Infrastructure)

At ECOWAS’ 50th Anniversary, Amb. Yusuf Tuggar calls for Regional Unity and Peace

As the Economic Community of West African States (ECOWAS) marks its 50th anniversary, Ambassador Yusuf Tuggar, Nigeria’s Minister of Foreign Affairs, has joined regional leaders in Lagos—where ECOWAS was founded—to commemorate this historic milestone.

In his remarks, Ambassador Tuggar reflected on the remarkable journey of the regional bloc, recalling its origins in a post-colonial landscape marked by artificial borders but united by centuries of pre-colonial trade, shared cultures, and a common destiny. He noted that ECOWAS was envisioned not merely as a political or economic bloc, but as a bold instrument for peace, prosperity, and regional solidarity.

Ambassador Tuggar praised the visionary leadership of President Bola Ahmed Tinubu, under whose Chairmanship ECOWAS is undergoing significant reform. He noted that from renewed efforts to implement a Customs Union and common currency, to infrastructure initiatives such as the Abidjan–Lagos Corridor and the African–Atlantic Gas Pipeline, the bloc is charting a path toward deeper integration and sustainable development.

He emphasized that ECOWAS is building a future-ready regional market—one that fosters economic efficiency, promotes social inclusion, and unlocks the potential of the region’s dynamic youth population.

Acknowledging current challenges, including the withdrawal of some member states, Ambassador Tuggar stressed that democracy is a process, not a one-time event. “The strength of ECOWAS,” he asserted, “lies not only in its present structure but in its enduring potential to deliver on the dreams of its founding fathers.”

“As the Atlantic once again becomes a centre of global opportunity,” he said, “West Africa will not be left behind. This time, we will move with the tide—united in purpose, resilient in spirit, and determined to shape our shared future.”

Amnesty International’s Report: A Fictional Drama Masquerading as Human Rights Work

The latest so-called “report” by Amnesty International on insecurity in Nigeria reads less like a credible human rights document and more like a poorly written political pamphlet—riddled with inaccuracies, inflated figures, and a stunning disregard for truth.

Security Watch Network for Good Governance is appalled—but not surprised—by Amnesty International’s continued descent into irrelevance, dishonesty, and outright sabotage. This latest report, which claims that over 10,000 Nigerians have been killed and more than 672 villages “sacked” since President Bola Ahmed Tinubu assumed office, is nothing short of reckless propaganda. It deserves to be thrown in the dustbin of discredited foreign interference.

Let us be clear: Amnesty International has long abandoned its mandate of impartiality and objectivity. In Nigeria, it has become indistinguishable from a partisan pressure group, donning the robe of the opposition and seeking to undermine national institutions at every opportunity. If Amnesty is so interested in Nigeria’s political landscape, it should simply register as a political party with INEC, then Nigerians will know exactly who they are dealing with.

The report’s outrageous claim that over 6,800 people were killed in Benue alone since May 2023 is not just an exaggeration—it is a statistical insult. These numbers are not drawn from any verifiable or official source. Rather, they are manufactured from thin air, aided by anonymous “field researchers” and hearsay from known agitators, most of whom have an axe to grind against the Nigerian state.

Amnesty International claims that bandits control over 529 villages in Zamfara State. This is laughable on its face—a wild fabrication intended to provoke panic and win donor funding from credulous international sympathisers. If Amnesty believes its own report, it should publish a map pinpointing all 529 supposedly occupied villages. It will not, because it cannot. The claim is a ghost story that is dramatic, unverifiable, and politically timed.

Indeed, the timing of the report’s release—on the eve of President Tinubu’s second anniversary in office—makes its motives painfully obvious. This was not a neutral act of advocacy. It was a calculated political intervention meant to distort the administration’s record, distract from progress, and stir unrest.

More appalling is Amnesty’s refusal to acknowledge the measurable gains Nigeria has recorded under this administration: the restoration of safety on the Kaduna–Abuja highway; the dismantling of major bandit camps in the North West; the improved intelligence coordination through the Office of the NSA; and the long-overdue enforcement of the NIN-SIM policy, which has made communications-based crime easier to trace.

Even on the humanitarian front, Amnesty’s report fails to acknowledge the ongoing efforts by NEMA, the armed forces, and local governments to support internally displaced persons (IDPs) and restore stability to affected communities. Instead, Amnesty peddles a one-sided narrative designed to fuel donor outrage and global media headlines while ignoring boots-on-the-ground facts.

The sad truth is that Amnesty International has become a parody of itself, one that is weaponising falsehoods, exaggerating casualties, and relying on shadowy informants to build a case against any government that doesn’t bow to its ideological posturing. Across Africa and the Middle East, Amnesty has become notorious for cherry-picking data, downplaying terrorism, and parroting anti-state rhetoric without evidence.

The Nigerian government and its security agencies do not claim perfection. But they deserve fairness, not fantasy. Every day, soldiers, police officers, and intelligence agents risk their lives to defend this country from sophisticated, well-armed criminal networks. Amnesty’s cynical misrepresentation of this struggle amounts to an insult to the thousands of men and women in uniform who are restoring order in difficult terrain.

We call on the Federal Government to re-evaluate Amnesty International’s continued operation in Nigeria. Any foreign organisation that undermines our security architecture, spreads falsehoods, and sows division under the guise of human rights does not deserve a platform here.

Let it be known: Nigeria’s path to peace and security is being forged by real sacrifice, not sensationalist storytelling. No amount of Western-authored fiction will deter the resolve of this government, and the resilience of its people, to overcome terrorism, banditry, and propaganda.

Signed:

Abdullahi Maikano
Chairman of the Security Watch Network for Good Governance

Wale Edun Explains: “Borrowing is expected to Fund Strategic Projects, Not Inflate Debt Burden”

The Federal Government has reaffirmed its commitment to responsible fiscal management and economic transformation with the submission of the proposed 2024–2026 External Borrowing Rolling Plan to the National Assembly.

The request, formally presented on May 27, 2025, by President Bola Ahmed Tinubu, GCFR, outlines a structured, multi-year borrowing framework designed to fund priority projects across critical sectors of the Nigerian economy. The Federal Ministry of Finance released a detailed statement on Tuesday to clarify the rationale, scope, and strategic importance of the borrowing plan.

According to the statement, the borrowing plan forms an integral part of the Medium-Term Expenditure Framework (MTEF), as mandated by the Fiscal Responsibility Act 2007 and the Debt Management Office (DMO) Act 2003. It encompasses a comprehensive strategy for both federal and state-level external borrowing, with five detailed appendices covering project specifications, implementation timelines, terms, and other technical components.

Crucially, the government emphasized that the rolling plan does not imply immediate or automatic borrowing. Rather, actual borrowings are determined annually in the national budget. For 2025, external borrowing is capped at US $1.23 billion, with disbursement scheduled for the second half of the year.

“The plan avoids the inefficiencies of ad hoc borrowing and provides a forward-looking approach to mobilizing development finance,” the statement noted.

The plan also includes financing requests from several state governments, including Abia, Bauchi, Borno, Gombe, Kaduna, Lagos, Niger, Oyo, Sokoto, and Yobe, reinforcing its national spread and inclusiveness.

To allay public concern about debt sustainability, the Ministry underscored that the majority of projects in the plan are backed by project-tied, multi-year drawdowns of between 5 to 7 years. These include strategic initiatives in power infrastructure, irrigation for food security, a national fibre optic backbone, defense capabilities (including fighter jets), and transport networks such as rail and road construction.

Significantly, the government stressed that the borrowings will come primarily from development partners offering concessional loans with long repayment periods. These partners include the World Bank, African Development Bank, French Development Agency, European Investment Bank, Japan International Cooperation Agency (JICA), China EximBank, and the Islamic Development Bank.

In support of the plan, the Ministry highlighted Nigeria’s improving debt service-to-revenue ratio, which has declined from over 90% in 2023 due to reforms. These include ending inflationary financing via Ways and Means, and renewed revenue mobilisation efforts through the Nigerian National Petroleum Corporation (NNPC) and tech-driven oversight of Government-Owned Enterprises (GOEs).

“With a fair degree of macroeconomic stabilization now achieved, our goal is to pivot Nigeria to a path of rapid, sustained, and inclusive economic growth,” the statement read. “That path demands significant investment in infrastructure, energy, agriculture, and transportation — all of which require financing through strategic borrowing.”

The Ministry assured Nigerians that fiscal prudence, transparency, and accountability remain central to the Tinubu administration’s economic agenda. All borrowing will be in line with the DMO’s Debt Sustainability Framework, and the government’s debt strategy will prioritize utility, sustainability, and economic returns over debt volume.

The statement concluded with a call for constructive public engagement and robust legislative oversight, affirming the Federal Government’s dedication to steering Nigeria toward long-term prosperity.


Read the Full Statement Below:

FEDERAL MINISTRY OF FINANCE ABUJA

PRESS STATEMENT

RE: NIGERIA’S EXTERNAL BORROWING PLAN FOR 2024 -2026

On May 27, 2025, the President of the Federal Republic of Nigeria, His Excellency Bola Ahmed Tinubu, GCFR, formally requested the approval of the 2024 – 2026 External Borrowing Rolling Plan from the National Assembly. This press release provides context and clarification on the purpose and significance of the request.

The proposed Borrowing Rolling Plan is an essential component of the Medium-Term Expenditure Framework (MTEF) in accordance with both the Fiscal Responsibility Act 2007 and the DMO Act 2003. The Plan outlines the external borrowing framework for both the federal and sub-national governments over a three-year period, accompanied by five detailed appendices on the projects, terms and conditions, implementation period, etc. By adopting a structured, forward-looking approach, the plan facilitates comprehensive financial planning and avoids the inefficiencies of ad hoc or reactive borrowing practices. This strategic method enhances Nigeria’s ability to implement effective fiscal policies and mobilize development resources.

The borrowing plan does not equate to actual borrowing for the period. The actual borrowing for each year is contained in the annual budget. In 2025, the external borrowing component is US $1.23 billion, and it has not yet been drawn. This is planned for H2 2025. Also, the plan is for both federal and several state governments across numerous geopolitical zones, including Abia, Bauchi, Borno, Gombe, Kaduna, Lagos, Niger, Oyo, Sokoto, and Yobe States.

Importantly, it should be noted that the Borrowing Rolling Plan does not equate to an automatic increase in the nation’s debt burden. The nature of the rolling plan means that borrowings are split over the period of the projects. For example, a large proportion of projects in the 2024. – 2026 rolling plan have multi-year draw downs of between 5 – 7 years, which are project-tied loans. These projects cut across critical sectors of the economy, including power grids and transmission lines, irrigation for improving food security, fibre optics network across the country, fighter jets for security, and rail and road infrastructure.

The majority of the proposed borrowing will be sourced from Nigeria’s development partners, including the World Bank, African Development Bank, French Development Agency, European Investment Bank, JICA, China EximBank, and the Islamic Development Bank. These institutions offer concessional financing with favourable terms and long repayment periods, thereby supporting Nigeria’s development objectives sustainably.

The government seeks to reiterate that the debt service to revenue ratio has started decreasing from its peak of over 90% in 2023. The government has ended the distortionary and inflationary ways and means. There are significant revenue expectations from the Nigerian National Petroleum Corporation (NNPC) and technology-enabled monitoring and collection of surpluses from Government Owned Enterprises and revenue-generating ministries, departments, and agencies, including legacy outstanding dues.

Having achieved a fair degree of macroeconomic stabilization, the overarching goal of the Federal Government is to pivot the economy onto a path of rapid, sustained, and inclusive economic growth. Achieving this vision requires substantial investment in critical sectors such as transportation, energy, infrastructure, and agriculture. These investments will lay the groundwork for long-term economic diversification and encourage private sector participation. Our debt strategy is therefore guided not solely by the size of our obligations but by the utility, sustainability, and economic returns of the borrowing. Ensuring that all borrowed funds are efficiently utilized and directed toward growth-enhancing projects remains a top priority.

In conclusion, the government remains committed to keeping borrowing within manageable and sustainable limits in accordance with the DMO Debt Sustainability Framework. The ongoing tax reform agenda and other revenue initiatives will further improve revenue generation and prudent financial management. We reaffirm our dedication to fiscal discipline, transparency, and accountability. Constructive public engagement and legislative oversight are vital components of our journey toward long-term economic stability and inclusive national prosperity.

Signed,
Mohammed Manga, FCAI
Director, Information and Public Relations
May 28, 2025

Ambassador Tuggar’s Quiet Rebuilding of Nigeria’s Global Standing

Diplomacy, today, shapes the flow of trade, capital, security, and global influence. The role of any country’s Foreign Affairs Minister has become more critical than ever. Nigeria included. Under Ambassador Yusuf Maitama Tuggar, Nigeria’s foreign policy is being recalibrated particularly to reenergize and serve the economic and political goals of the President Bola Tinubu’s Renewed Hope Agenda. In less than a year in office, Ambassador Tuggar has demonstrated why the Ministry of Foreign Affairs remains a strategic engine of national development and international legitimacy.

From Berlin to Brussels, Tuggar’s foreign policy engagements are rooted in a clear economic imperative: use diplomacy to unlock investment, secure energy partnerships, and open new migration pathways for Nigerian professionals. In Berlin, the Minister led high-level bilateral talks with his German counterpart, Johann Wadephul, focusing on three priority areas: energy, trade, and migration. These discussions reinforced Nigeria’s position as Germany’s second-largest trading partner in Sub-Saharan Africa and reviewed the progress of the Nigeria-Germany Energy Partnership, which has now established a Hydrogen Office in Abuja. The initiative reflects Nigeria’s commitment to clean energy transition.

Tuggar’s visit to the German Bundestag, where he met with parliamentarian Nicolas Zippelius, opened new doors for legislative collaboration. His invitation to the Berlin Global Dialogue later this year is further proof that Nigeria’s voice is being welcomed once more in global economic conversations.

In Brussels, on the sidelines of the third AU-EU Ministerial Meeting, Ambassador Tuggar championed projects with concrete developmental impact. He held strategic talks with EU Commissioner for International Partnerships, Mr. Josef Sikela, where he made a compelling case for the Trans-Saharan Gas Pipeline—a transformative infrastructure linking 15 African nations. He also advocated enhanced cooperation through Nigeria’s River Basin Authorities to bolster food security and drive digital innovation in agriculture. These diplomatic gestures are moves to reposition Nigeria within global value chains.

While economic diplomacy has been crucial to his mission, Ambassador Tuggar has also emerged as a strong voice for home-grown democracy in Africa. At a stakeholders’ engagement hosted in Abuja with ambassadors from West African countries, he reaffirmed Nigeria’s regional leadership through the Regional Partnership for Democracy (RPD). The RPD is Nigeria’s initiative to promote African-led democratic governance—free from external imposition but rooted in constitutional order, civil society, and institutional integrity.

“Our goal,” said Tuggar, “is to reinforce democracy, work with governments and civil societies in the region to entrench African-driven democratic systems.”

This push is crucial as West Africa continues to grapple with coups, democratic backsliding, and rising insecurity. Ambassador Tuggar’s principled stance underscores Nigeria’s traditional diplomatic philosophy: lead by example, support democracy, and avoid external coercion.

Perhaps no engagement better illustrates Ambassador Tuggar’s strategic approach than his April 2025 visit to Niger Republic—a neighbour with whom Nigeria shares over 1,600 kilometres of border, deep cultural bonds, and complex security challenges. Relations between the two countries had fractured following the 2023 military coup in Niger and the subsequent suspension from ECOWAS. Ambassador Tuggar’s visit marked a decisive diplomatic reset.

Rather than wielding rhetoric, Tuggar adopted a pragmatic, reconciliatory approach. His mission was not to isolate, but to reengage—to rebuild trust, restore cooperation, and reignite stalled projects such as the Kano-Katsina-Jibiya-Maradi railway and Trans-Saharan energy corridors. The reactivation of the Nigeria-Niger Joint Commission and establishment of a Joint Consultative Forum signal a return to structured, forward-looking engagement.

Security cooperation was also high on the agenda. The two countries pledged deeper collaboration between their defence and intelligence institutions, a crucial step in stabilizing their shared borders and tackling cross-border terrorism. For a sub-region vulnerable to the destabilizing ripple effects of conflict, Nigeria’s posture under Ambassador Tuggar offers a template of thoughtful, values-driven diplomacy.

The Ministry of Foreign Affairs, under Ambassador Tuggar, is quietly repositioning itself as a strategic policy instrument—not merely a ceremonial agency. It is promoting trade, attracting investment, fostering regional peace, and amplifying Nigeria’s voice on global platforms. As President Bola Ahmed Tinubu pursues bold reforms to transform the domestic economy, the Ministry’s international engagements are creating the diplomatic space and partnerships necessary for those reforms to thrive.

Whether it’s advancing Nigeria’s stake in global infrastructure financing through the EU’s Global Gateway Initiative, restoring ties with key neighbours, or reshaping Africa’s democratic agenda, Ambassador Tuggar’s work reflects a clear shift that Nigeria is no longer on the defensive—it is shaping the conversation.

Akinloye James, the author is the President and founder of Initiative to Save Democracy (ISD), an advocacy movement for democratic values.

ICIEC Endorses Nigeria’s Infrastructure Drive, Commits to Enhanced Private Sector Participation

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today hosted a high-level delegation from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), led by Mr. Hassan Idriss, Director of Legal Affairs. The engagement underscores Nigeria’s efforts to deepen strategic financial partnerships and accelerate the delivery of critical infrastructure projects in line with national development priorities.

During the meeting, ICIEC reaffirmed its strong support for Nigeria’s economic agenda, expressing readiness to provide credit and political risk guarantees that can unlock private capital and de-risk large-scale investments. These instruments are expected to play a catalytic role in mobilising both domestic and international financing for infrastructure development—particularly in high-impact sectors such as energy, transport, and affordable housing.

Mr. Edun welcomed the delegation and reiterated the Tinubu administration’s commitment to fostering an enabling environment for private sector-led growth. He stressed the vital role of risk mitigation tools in attracting long-term capital to projects that enhance productivity, generate employment, and improve quality of life for Nigerians.

“We value ICIEC’s continued partnership in advancing commercially viable and socially beneficial infrastructure,” the Minister stated. “By strengthening mechanisms that reduce investment risk, we can crowd in private sector participation and accelerate progress towards a more inclusive and resilient economy.”

The meeting reflects a renewed alignment between Nigeria’s development objectives and ICIEC’s mission, and paves the way for enhanced cooperation in deploying innovative financial solutions that deliver measurable impact for the Nigerian people.

Wale Edun and Nigeria’s Economic Turnaround: A Case for Renewed Confidence

Under the leadership of Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, the country is beginning to witness tangible signs of economic stabilization, reform momentum, and a return of investor confidence. While economic challenges persist, the bold steps being taken at the federal level are laying a solid foundation for sustainable growth, job creation, and industrial revival—offering Nigerians a compelling reason to remain hopeful.

At the 2025 IMF-World Bank Spring Meetings in Washington D.C., Mr. Edun led a high-powered Nigerian delegation that included the Governor of the Central Bank, CEOs of major financial institutions, and representatives from the private sector and civil society. Nigeria used the global platform to reinforce its reform credentials, demonstrate fiscal discipline, and deepen ties with international development partners.

Mr. Edun made a strong case for Nigeria’s ambitious economic reforms: the removal of unsustainable fuel subsidies, liberalization of the foreign exchange market, and cessation of the Central Bank’s monetary financing of government deficits. These measures, though tough, are already yielding results—narrowing fiscal gaps, stabilizing the Naira, and improving the trade balance.

Nigeria’s commitment to reform did not go unnoticed. Multilateral institutions such as the IMF and World Bank recognized Nigeria as a leading example of a country taking the right policy steps in the face of economic adversity. The IMF’s most recent Article IV consultation in April 2025 acknowledged Nigeria’s progress and revised the country’s growth forecast upward to 3.34% for 2024, citing improved macroeconomic management and resilience.

These green shoots are already restoring investor confidence. International credit rating agency Fitch recently upgraded Nigeria’s outlook from “Negative” to “Stable”—a clear endorsement of the government’s reform trajectory. The reforms, particularly in the energy and forex sectors, are creating a more predictable investment climate that is crucial for new capital inflows, industrial expansion, and job creation.

At the Nigeria Investment Forum held on the sidelines of the IMF meetings, Edun presented a compelling case for Nigeria’s readiness to receive investment. He cited infrastructure initiatives such as the rollout of 90,000 km of fibre optic cable and the private-sector-led construction of 4,000 km of roads. He also emphasized increased productivity mandates for state-owned enterprises like the NNPC, which is currently undergoing a forensic audit to improve transparency and efficiency.

A major highlight of Edun’s work has been Nigeria’s recent accession to the Asian Infrastructure Investment Bank (AIIB) as a non-regional member. This strategic move will expand Nigeria’s access to global financing for critical sectors such as energy, transportation, and digital infrastructure, while also opening new channels of Asian investment into Nigeria’s economy.

These policy efforts are targeted at rebuilding the nation’s industrial base, unlocking youth employment, and strengthening the local manufacturing sector. With improved fiscal and monetary coordination, Nigeria is steadily becoming a more attractive destination for both domestic and international investors seeking to establish or scale factories. These investments are expected to boost local production, reduce import dependency, and create much-needed jobs.

The global economic landscape remains uncertain, but Nigeria’s current economic management inspires cautious optimism. Wale Edun’s pragmatic approach—anchored on transparency, reform, and engagement—is helping the country regain its footing. For everyday Nigerians, these efforts offer a glimpse into a more stable and prosperous future, where policy consistency and private-sector growth can translate into real economic benefits.

The road ahead is still long, but the direction is clear. Under President Tinubu’s administration and with Mr. Wale Edun at the helm of the economy, Nigeria is turning the corner. With continued reform, support from international partners, and a renewed focus on inclusive growth, the economy is poised to unlock its full potential—and Nigerians should remain hopeful.

- Bernard Okri - Global Economic Policy Initiative (GEPIn)

Inside the APC’s Deepening Crisis: Corruption Allegations and the Ganduje Conundrum
By Dr. Danlami Shehu – Writing from Abuja

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Introduction

Nigeria’s ruling party, the All Progressives Congress (APC), is once again in the eye of the storm—not for achievements in governance or policy, but for what insiders and youth coalitions describe as “the most brazen abuse of internal democracy and public trust in its history.” At the center of the controversy is the party’s National Chairman, Dr. Abdullahi Umar Ganduje, who now faces growing allegations of corruption, cronyism, and financial misconduct.

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Anambra’s “Political Heist”

The APC gubernatorial primary in Anambra State has been widely denounced as a “political heist.” Seven aspirants—including Prince Nicholas Ukachukwu, Prof. Obiora Okonkwo, Valentine Ozigbo, and Chief Paul Chukwuma—entered the race with expectations of a fair contest. Instead, the process descended into a scandal marked by allegations of bribery, manipulation, and betrayal.

Multiple sources claim Ganduje, through close allies including his son, demanded large sums of money and property from aspirants in exchange for promised support—only to award the party ticket to the highest bidder. A senior APC figure, speaking on condition of anonymity, described the exercise as a “bazaar of deceit,” where integrity and grassroots support were sacrificed for cash. The resulting fallout has deepened internal divisions and intensified calls for reform.

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The ₦2 Billion Summit Scandal

The APC National Summit held on May 22, 2025—intended to showcase party unity—has instead triggered a new controversy. Allegedly sponsored by a London-based donor via Ganduje ally Lawan Funtuwa, ₦2 billion was earmarked to fund logistics and stipends for grassroots attendees. However, no attendee reportedly received any support.

Instead, expenses were allegedly inflated to justify the diversion of funds. Despite the substantial donation, Ganduje reportedly went on to solicit additional contributions from APC governors and ministers under the pretext of “summit logistics.” A particularly glaring example: identification tags were billed at ₦380 million, allegedly for high-security printing in Lagos. Investigations revealed they were actually produced in Wuse, Abuja, for less than ₦200,000. The scandal has prompted widespread demands for an independent audit of party finances.

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Echoes of Past Scandals

Ganduje’s current predicament revives memories of earlier controversies. During his tenure as Governor of Kano State, he was embroiled in a viral video scandal allegedly showing him receiving dollar bribes—claims he continues to deny. In 2024, the Economic and Financial Crimes Commission (EFCC) filed charges against him over the alleged misappropriation of ₦57.4 billion. His former Commissioner for Local Government, Murtala Sule Garo, also faces a ₦2.8 billion embezzlement case. Investigators allege that both men used public funds to acquire luxury properties in Nigeria and overseas.

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Internal Revolt and Legitimacy Crisis

Within the APC, discontent is intensifying. Youth groups, reform-minded members, and senior stakeholders are calling for accountability and warning that party resources must not be treated as personal assets by its leaders. “Ganduje’s leadership is a national embarrassment,” said a youth leader from the Northwest. “He has weaponized the party in Kano for personal gain and driven away dedicated members.”

His emergence as National Chairman is also under scrutiny. Many party loyalists argue that his appointment lacked transparency and circumvented a democratic selection process. Key figures, such as Kano APC Chairman Abdullahi Abbas, are accused of enabling a culture of factionalism and diminishing public trust.

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Tinubu’s Strategic Dilemma

As the APC’s image continues to erode, President Bola Ahmed Tinubu faces a defining choice. With the 2027 elections approaching, analysts warn that Ganduje’s continued leadership could further fracture the party, alienate critical blocs, and hand the moral advantage to opposition parties. Tinubu—who ran on the promise of Renewed Hope—must now decide whether to stand by a politically embattled ally or take decisive action to protect the integrity and future of his party.

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Conclusion

The APC stands at a turning point. The growing chorus for transparency and reform demands immediate action. Unless the party confronts the rot within its leadership and restores internal democracy, it risks crumbling under the weight of impunity and public distrust.

How the Borno Governor, Prof. Babagana Zulum, Got It Wrong on Insecurity

Today, political leadership has increasingly become intertwined with media spectacle. Leaders want to be populists and charge their people through propaganda, fear and admiration—all at the same time—to curry their affection and loyalty. The Governor of Borno State, Professor Babagana Umara Zulum may be guilty of this. Known for his hands-on approach and ubiquitous presence on the streets of Maiduguri, Professor Zulum has captured national attention as a governor who appears to be perpetually in motion—inspecting schools, visiting displaced persons camps, and engaging directly with the citizenry. This ground-level visibility has earned him praise as a “people’s governor,” a leader who seems to live among the governed rather than above them. However, while this populist posture has served to elevate his public profile, it has also contributed to a serious misstep in the sensitive domain of security.

Professor Zulum’s profound love for the media—both conventional and digital—has become a hallmark of his administration. His engagements are regularly amplified by his media aides and echoed by a network of social media sympathizers. He has become something of a political brand, whose value is continually reinforced through publicized visits, interviews, and statements that often trend online. But there is a critical distinction between political visibility and strategic discretion—a line that the governor has increasingly blurred, to the detriment of Borno’s security landscape.

In recent months, Professor Zulum has adopted a worrying trend of raising public alarms over security threats in Borno. In April 2024, he publicly disclosed to journalists that terrorists were regrouping in parts of the state and planning attacks, specifically citing areas in the Lake Chad region and hinterlands of Borno North. Again, in May 2024, he granted interviews to multiple news platforms where he raised fresh concerns about the deteriorating security situation, warning that if immediate action was not taken, the insurgency might regain lost ground. While these warnings may appear to stem from a genuine concern for the safety of his people, their broadcast through the media—rather than confidential security channels—reflects a fundamental misunderstanding of how best to address such existential threats.

Security, by its very nature, is not a matter for public theater. Disclosing intelligence-related information through interviews and press statements does little to deter attackers. If anything, it emboldens them by signaling existing weaknesses in the security architecture. More troubling is the fact that such public disclosures compromise the operational discretion that security agencies require to act decisively and preemptively. When high-ranking officials publicize imminent threats, they not only alarm the populace but also forewarn the adversary, effectively eroding the element of surprise, which is a critical factor in counterinsurgency operations.

Moreover, such statements from a sitting governor risk undermining public confidence in Nigeria’s security apparatus. By repeatedly vocalizing that the state remains vulnerable and susceptible to insurgent attacks, Professor Zulum unwittingly casts doubt on the capacity of national security institutions. This can breed public fear, encourage self-help measures, and even inspire sympathy for non-state actors who project themselves as alternative protectors of the people.

It is imperative that Prof. Zulum reconsiders this approach. Firstly, as a Governor elected under the auspice of the All Progressives Congress (APC), Professor Zulum has unfettered access to provide his intelligence to the Federal Government. Secondly, and in fact, the Vice President of the Country, Kashim Shettima is not just his former boss, but also from the same State as he is. If anything, he can channel his complaints and intelligence through the Vice President, who can in turn share same with the President and invariably the security agencies.

The Federal Government has access to classified information, strategic assets, and the institutional bandwidth to respond effectively to security challenges. Rather than amplifying threats through the press, the governor ought to funnel his intelligence discreetly to his sources within the government, as they are better positioned to mount informed and surgical responses.

Effective leadership in the face of terrorism is not always about visibility. Professor Zulum needs to understand this. In fact, the most effective contributions are often made quietly, behind the scenes, away from the cameras and the microphones. By choosing discretion over drama, the Borno State Governor could empower Nigeria’s security forces with actionable intelligence and operational cover, giving them the room they need to tackle insurgents and protect communities. This may not make him a trending topic or secure applause from the gallery of online commentators, but it will do something far more valuable—it will help secure the lives and livelihoods of the people of Borno.

In a state like Borno, which remains the epicenter of Nigeria’s counterterrorism struggle, the stakes are too high for political posturing. Professor Zulum’s energy, passion, and proximity to the grassroots are commendable, but they must now be matched by strategic discipline. Silence, in the right moments, is not weakness; it is wisdom. And wisdom, not noise, is what the people of Borno need now more than ever.

NASENI, PICTT Restate Commitment to Promote Female Engineering with Launch of DELT-Her 2.0

The National Agency for Science and Engineering Infrastructure (NASENI) and the Presidential Implementation Committee on Technology Transfer (PICTT) said the Federal Government is committed to promoting female engineers by supporting women-led innovation.

Speaking at the Agency’s headquarters on Monday, May 19, 2025, during the launch of the second phase of the Developing Engineering Leaders Through Her (DELT-Her) proposal portal, the Executive Vice Chairman/CEO of NASENI, Mr. Khalil Suleiman Halilu emphasized the goal of doubling the number of female engineers in Nigeria within five years.

He described DELT-Her as a movement encouraging women to lead, with NASENI offering support through funding, mentorship, and exposure to global platforms. “DELT-Her is fueling a wave of women-led solutions to Nigeria’s toughest challenges,” he said.

Citing past success stories such as AI-driven soil monitoring, drone-based security systems, and eco-friendly brake pads, he said over N70.5 million was awarded to six female engineers in the first phase in 2024 with more support planned in the second phase of 2025, adding that NASENI is partnering PICTT and the Czech Republic's Technology Agency to foster a thriving innovation ecosystem for women.

Chairman of PICTT, Dr. Mohammed Dahiru, in his welcome remarks, described DELT-Her as a flagship project aimed at empowering women, breaking gender barriers, and reshaping Nigeria’s technological future. He highlighted the urgent need to raise the participation of women in engineering, where they currently make up just five per cent in Nigeria and 28 per cent globally.

According to Dr. Dahiru, the initiative will not only fund successful applicants but also provide mentorship from industry leaders to help transform ideas into viable startups. He acknowledged the support from the Nigerian Society of Engineers and praised the success stories from the first cohort of DELT-Her recipients.

The Chairman, Senate Committee on NASENI, Sen. Francis Ezenwa Onyewuchi, in his goodwill message pledged the Senate's continued support for women engineers and scientists.

Minister of Women Affairs represented by the Permanent Secretary, Mrs. Maryam Chira Keshinro said the initiative is a strategic step towards inclusive innovation and national development, adding that it addresses structural inequalities while improving access to capital and mentorship for women in science, technology engineering and mathematics (STEM).

Also speaking, President of the Nigerian Society of Engineers, Engr. Margaret Aina Oguntola, represented by Engr. Mistura Adenike Rafiu pledged ongoing support for NASENI and PICTT’s efforts in promoting STEM education.

Other speakers including Senior Special Assistant to the President on Citizens and Leadership, Mrs. Rinsola Abiola; and the Pioneer Mandate Secretary, Women Affairs Secretariat, FCTA, Dr. Adedayo Benjamins- Laniyi commended the DELT-Her initiative and called on female engineers to continue striving for equity in the engineering profession.

The DELT-Her portal opened for applications today on www.delther.pictt.gov.ng and will close on July 31st 2025. DELT-Her creates new pathways for Nigerian women in engineering to build, lead, and scale tech solutions with practical, real-world relevance.

e-Signed:
Chima Akwaja,
Deputy Director Information
NASENI
19th May 2025

Between FCCPC, MultiChoice and revisionists

By Emiola Daniel

A new industry has mushroomed in the last few weeks in Nigeria. Let us, for want of a better phrase, call it “Pay As You Go” media market in which a litigant loses in court and the next thing, they pay hack writers, “TV pocket lawyers” and online hustlers to make a false interpretation of the court ruling. The shame of it all is the absurd length some of these hirelings would, for few shekels of silver, go in insulting public intelligence with illogic while inadvertently mortgaging the interests of their own fatherland.

As a keen follower of Nigeria’s cable sector in the last decade, this is the impression one gets since an Abuja Federal High Court dismissed as “an abuse of court process” a suit filed in March by MultiChoice (operator of DSTV and GoTV) against the Federal Competition and Consumer Protection Commission (FCCPC).

A chorus of voices — disguised as independent commentary but reading like a coordinated media offensive — has emerged to distort the facts, misrepresent the judgment, and attack the Commission’s integrity.

Note, the MultiChoice was the litigant, not FCCPC as being projected by the brigade of hack writers online.

MultiChoice had rushed to the court seeking to restrain the Commission from conducting an investigation.

The facts are clear: MultiChoice’s suit was dismissed. Its attempts to bar the FCCPC from investigating its pricing practices failed. The Commission’s powers under the FCCPA 2018, especially to investigate exploitative pricing, remain fully intact.

But this simple statement, rendered in English language and not pidgin, is now being twisted by MultiChoice and its media hirelings. Fevered efforts are being made to mischaracterise the outcome, suggesting that the Commission was “reined in” or had “overreached.” These claims are not only inaccurate, they are legally and factually indefensible.

Obviously, following the ruling, MultiChoice is afraid that the affirmation of FCCPC powers means an obligation to honour Commission’s invitation and explain certain nagging questions. Hence, this shameless desperation to either misinterpret or obfuscate the real issues.

The genesis of the latest episode was early February when one aggrieved consumer, Festus Onifade, filed a case (Suit No: FHC/ABJ/CS/363/2025) against MultiChoice and joined the FCCPC as a party, seeking regulatory intervention. In line with its statutory mandate under Sections 32 and 33 of the Federal Competition and Consumer Protection Act (FCCPA) 2018, the FCCPC invited MultiChoice to an investigative hearing on February 27.

In the May 8 ruling, Justice James Omotosho dismissed the MultiChoice’s suit in its entirety, describing it as an abuse of court process given the pendency of Mr. Onifade’s earlier and related case. The Court made no order in MultiChoice’s favour, and every single one of the reliefs sought by the company was denied. This is, unequivocally, a procedural and substantive win for the FCCPC.

Another common theme in the ongoing media spin is the idea that MultiChoice is unfairly targeted while others are ignored. But the difference is scale, dominance, and conduct. Unlike many other players, MultiChoice holds substantial market power and has engaged in a pattern of frequent and sharp price increases, over 174% in less than two years, without meaningful consumer accommodation. It is also the only provider to defy an advisory while facing an open regulatory inquiry.

In sum, this speaks to what the FCCPC had flagged for years: unchecked dominance and absence of effective competition, which allows MultiChoice to act with little fear of consumer loss.

Again, efforts to portray FCCPC’s action after the May 8 judgement as an attempt at price control is most mischievous and disingenuous. To be clear, the FCCPC does not control price or fix prices. Its intervention was based on its legal duty to investigate where a dominant player’s conduct may harm consumers.

Overall, its mandate relates to ensuring fair competition and eschewing exploitative practices. In fact, I recall that during a series of townhall meetings across the country last year, the FCCPC boss, Mr. Tunji Bello, made it clear that since we run a free market economy, there is nothing like price control in its mandate, nor is the commission a substitute for a price control board.

It is, therefore, most laughable when MultiChoice and its media hirelings now postulate that invitation extended to the service provider in February was all about price control. I believe that clause was inserted in the writ brought by the petitioner in March as a blackmail. What mischief!

The distinction between price control under Section 88 and investigative powers under Section 72 is clear in the FCCPA and has been made repeatedly by the Commission in public statements. Conflating the two is either intellectually dishonest or deliberately misleading.

Another common theme in the media spin is the idea that MultiChoice is unfairly targeted while others are ignored. But the difference is scale, dominance, and conduct. Unlike many other players, MultiChoice holds substantial market power and has engaged in a pattern of frequent and sharp price increases, over 174% in less than two years, without meaningful consumer accommodation. It is also the only provider to defy an advisory while facing an open regulatory inquiry.

Some of the hired megaphones have gone so far arguing that pay-TV is “not an essential service,” and therefore outside the scope of concern. That is both legally and ethically flawed. The FCCPA does not limit protection to “essential” services. It applies to all goods and services offered for value in Nigeria, particularly where consumer harm or market abuse is alleged. The fact that a service is discretionary does not excuse abuse or exclude regulatory oversight.

Again, the frequently cited “lowest price in Africa” argument collapses under scrutiny. Pricing must be understood in context, not raw foreign exchange terms. Nigerians are not paid in dollars. The appropriate metric is local affordability, not external comparisons. More importantly, price hikes must be assessed in relation to service value, consumer feedback, and market behaviour, not company’s whims.

The FCCPC’s concerns are not isolated in any case. On 23 March 2025, Save the Consumers, a respected Nigerian consumer rights organisation, issued a strong-worded statement condemning MultiChoice’s “monopolistic antics”.

Indeed, following an announcement by MultiChoice in February it would hike service rates, the consumer protection body had invited it to clarify certain issues, especially coming barely seven after the cable service provider similarly hiked their rates. Then, Multichoice asked for a grace of one week to make an appearance. FCCPC obliged but with the proviso that that pending price hike be put on hold until the arising issues were resolved.

But in a clear case of bad faith, Multichoice went ahead and raised their rates in Nigeria at a time it was cutting rates in its home country, South Africa “in solidarity with the people over rising cost of living”. The big puzzle: how come they are raising prices in Nigeria with relatively bigger client base and lowering same in South Africa? Isn’t that price apartheid?

While Nigerian consumers were enduring rising costs, in South Africa, MultiChoice simultaneously rolled out price reductions of up to 38%, with new channels and service upgrades “to cushion economic hardship”.

Two, elsewhere in Uganda, MultiChoice is now running Pay Per View through affordable weekly subscription packages under the Ka Weekie campaign, offering DStv and GOtv viewers plans starting from just UGX 5,000. These flexible, short-term payment options were promoted as responses to “consistent subscriber feedback” and a commitment to affordability.

But no such opportunity is available for Nigerian consumers. Why?

Records show that MultiChoice's pricing strategy over the past two years has been anything but modest. In May 2023, the price of its Premium Package jumped from ₦16,200 to ₦24,500, an increase of 51.23%. In November 2023, another hike pushed the price to ₦29,500, an additional 20.41%. In May 2024, subscription rose again to ₦37,000, a 25.42% increase. On 1 March 2025, the price further increased to ₦44,500, a 20.27% jump.

Each increase came with corresponding adjustments across all subscription packages. This cumulative escalation, over 174% in less than two years, underscores the seriousness of consumer concerns and justifies regulatory scrutiny under Section 72 of the FCCPA, which prohibits excessive or unfair pricing by dominant market players.

These are some of the issues that FCCCPC would love to have answered. A concern that should also be shared by genuine patriots, unlike these “Pay As You Go” media hirelings who are going haywire in the online space. Well, maybe hunger is responsible. By the way, the grapevine even has it that some of the “mercenaries” get rewarded with all-expense paid trip to watch soccer matches at Emirates Stadium in London! What a shame!

Finally, the suggestion that the FCCPC’s actions will scare investors is unfounded. What deters investors is unchecked market abuse, not regulation. Investors seek predictable, rules-based environments, where regulators uphold transparency, and dominant players are held accountable. That is what the FCCPC is doing.

* Mr. Emiola Daniel, a media law expert, wrote from Lagos.

Nigeria’s EBRD Membership to Unlock New Avenues for Economic Transformation — Wale Edun

The Federal Republic of Nigeria has formally joined the European Bank for Reconstruction and Development (EBRD), marking a significant step in the country’s efforts to expand access to international capital and accelerate long-term economic transformation.

Speaking at the EBRD 2025 Annual Meetings in London on Thursday, the Coordinating Minister of the Economy and Honourable Minister of Finance, Mr. Wale Edun, described Nigeria’s accession as a strategic milestone aligned with President Bola Tinubu’s Renewed Hope Agenda.

“This is a proud day for Nigeria. Our accession to the EBRD marks a critical milestone in our economic reform journey. We are committed to building a transparent, rules-based economy that unlocks private investment and accelerates inclusive growth,” the Minister stated during the Board of Governors’ Plenary Session.

With more than 80% of its financing directed to the private sector, the EBRD supports entrepreneurship, SMEs, and large-scale investments across vital sectors. Nigeria’s membership is expected to create new opportunities for local businesses to access development finance and technical support in key areas such as energy transition, infrastructure, agriculture, and digital innovation.

During the visit, the Honourable Minister also engaged in high-level bilateral meetings with delegations from France and the United States, reaffirming Nigeria’s role as a committed partner in global economic cooperation.

Held under the theme “Expanding Horizons, Enduring Strengths”, the 2025 EBRD Annual Meetings convened leaders from over 70 economies to foster dialogue on inclusive growth, resilience, and sustainable development.

Amb. Tuggar Explains How He Remained Calm Despite Provocation From Bauchi State Governor

Minister of Foreign Affairs, Ambassador Yusuf Maitama Tuggar, has shed light on a longstanding rift with the Governor of Bauchi State, Senator Bala Mohammed, revealing how he remained calm and dignified in the face of verbal threats during a recent high-profile visit to the state.

In an interview with the BBC Hausa Service on Thursday, Ambassador Tuggar recounted an incident that occurred during Vice President Kashim Shettima’s visit to Bauchi on April 19. According to the Minister, a disagreement broke out while he was engaged in a conversation with the Vice President aboard a bus transporting dignitaries from Sir Abubakar Tafawa Balewa International Airport to the Emir’s palace.

The bus had onboard several prominent figures, including Vice President Shettima, Ambassador Tuggar, Governor Bala Mohammed, Deputy Governor Muhammad Auwal Jatau, and other senior officials.

Amid the exchange, Ambassador Tuggar stated that Governor Mohammed rudely interrupted his conversation with the Vice President and proceeded to make derogatory remarks, even going so far as to insult the memory of the Minister’s late father.

Despite the provocation, the Minister maintained his poise. “I didn’t see how he could beat or slap me, so I also stood up to stop him,” he said. “Then his deputy came from the back of the bus saying he too would slap me, but he couldn’t get close, especially with the Vice President right there.”

Ambassador Tuggar’s account underscores his restraint and sense of responsibility in the face of hostility. Observers have also lauded the Minister’s calm demeanor, noting that his conduct reflects the discipline and tact expected of a senior diplomat serving the nation at the highest level of international engagement.

Wale Edun Champions Private Sector Investment as World Bank Applauds Nigeria’s Economic Reforms

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has reiterated the Federal Government’s commitment to fostering private-sector-led growth, as the World Bank unveiled its latest Nigeria Development Update (NDU) titled Building Momentum for Inclusive Growth.

Speaking at the launch of the biannual report, Mr. Edun commended the World Bank for its continued support, particularly through technical assistance and concessional financing provided by the International Development Association (IDA). “The Bank has been a tremendous development partner,” he noted. “We’d like them to continue—and to give us more of that—to boost us on our way.”

The Minister emphasized that recent reforms have strengthened fiscal transparency and sparked renewed investor interest in critical sectors of the economy. “It is investment that grows the economy, creates high-quality jobs, and lifts Nigerians out of poverty in their millions,” he stated.

The World Bank, in its report, projected a GDP growth rate of 3.6% for Nigeria in 2025, the country’s strongest economic outlook in a decade. The report attributes this optimism to improved revenue mobilisation, enhanced fiscal and monetary policies, and an increase in foreign reserves.

Acting Country Director for Nigeria, Mr. Taimur Samad, expressed optimism about Nigeria’s economic trajectory. “There is a lot to be positive about on Nigeria,” he said, while stressing the need for continued monetary discipline to curb inflation and sustain growth.

The Nigeria Development Update is the World Bank’s flagship economic publication on Nigeria, issued twice a year to inform and support evidence-based policymaking.

As Nigeria builds momentum for inclusive growth, the government’s focus on enabling private investment—underpinned by strong partnerships with institutions like the World Bank—signals a promising pathway to sustainable development and economic resilience.