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Buhari Appeals to APC Presidential Aspirants to Present Formidable Candidate

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APC presidential aspirants formidable candidate

By Modupe Gbadeyanka

Presidential aspirants of the All Progressives Congress (APC) have been urged to put heads together with the sole aim of coming up with a formidable candidate that can match the flag-bearer of the Peoples Democratic Party (PDP) at the polls next year.

Last weekend, the main opposition party in Nigeria held its presidential primary in Abuja and produced former Vice President, Mr Atiku Abubakar, as its candidate for the presidential election in 2023.

The ruling party, APC, will hold its presidential primary from June 6 to 8 and over 20 aspirants want the sole ticket of the party.

On Saturday night, President Muhammadu Buhari held a meeting with all the aspirants, including his vice, Mr Yemi Osinbajo; a former Governor of Lagos State, Mr Ahmed Tinubu; the Governor of Ekiti State, Mr Kayode Fayemi; the immediate past Minister of Transportation, Mr Rotimi Amaechi; and Senate President, Mr Ahmad Lawan, among others.

At the gathering, Mr Buhari tasked the aspirants to come up with a formidable candidate before the primary election tomorrow, stressing that it would not augur well for all of them to go into the race without pruning down the number.

“Ahead of the convention, the party machinery has screened and found all aspirants eminently qualified. Recognizing this fact, the Screening Committee has, amongst others, recommended that consensus building through consultation be intensified.

“Without prejudice to your qualifications, I urge all of you to hold consultations amongst yourselves and with the party, with a view to building a consensus in a manner that would help the party reduce the number of aspirants, bring up a formidable candidate and scale down the anxiety of party members,” he told his guests at the State House in Abuja.

President Buhari expressed satisfaction with the quality of the aspirants, saying, “Looking at this assemblage of personalities and considering your rich pedigree of accomplishments in life, I have come to the conclusion that our party, the APC, is rich in human resources and also that our nation is blessed with capable people that can successfully steer the ship of state into the future.”

However, he stressed that the consensus candidate to be chosen by the aspirants “must be formidable, appealing to the electorate across the board and should command such ability to unify the country and capacity to address our critical challenges.”

He reminded them that the flag-bearer should be able to “be responsive to the yearnings of our citizens, re-evaluate our strategy and strengthen our internal mechanism so that we would sustain the electoral successes.”

“Our party, the APC, has won two successive presidential elections in 2015, first when we were in the opposition and in 2019 when I sought re-election. Both processes were achieved through unity of purpose, strategic alignment, consultation, fairness, determination and effective leadership. In both instances, national and party interests were overriding factors in our deliberations and decision-making,” he said.

Responding on behalf of the aspirants, the immediate past Minister of Science, Technology and Innovation, Mr Ogbonnaya Onu, Governor Abubakar Badaru of Jigawa State and Mr Osinbajo thanked the President for his leadership and guidance, pledging that they would hold the consultations as counselled “for the unity and strength of our party, the APC.”

Earlier, the National Chairman of the party, Mr Abdullahi Adamu, promised that all stakeholders of the party would be reached in the consultation process.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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Five Transmission Towers Collapse Along Ikot Abasi–Eket 132kV Line

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Ikot Abasi–Eket 132kV Double Circuit Transmission Line

By Modupe Gbadeyanka

The Transmission Company of Nigeria (TCN) has confirmed the collapse of five transmission towers along the Ikot Abasi–Eket 132kV Double Circuit Transmission Line.

This was attributed to severe acts of vandalism, as TCN disclosed that the structure collapsed after vandals removed critical structural bracing members.

The affected towers were N9, J4, N10, N11 and N12, the organisation said in a statement on Friday.

It explained that the extensive damage was discovered during a routine joint line patrol conducted on August 9, 2026, by TCN linesmen.

Further inspection revealed that structural members from seven additional towers along the same transmission corridor had also been removed and stolen. The towers, J3, N8, N13, N14, N15, N18 and N19, are now structurally compromised and pose a risk of further collapse.

TCN condemned this act of sabotage and reiterated its commitment to working hard to maintain a robust and reliable national grid.

The statement said that to mitigate the impact on electricity supply, the network has been reconfigured to prioritise supply to Ekim transmission station, leaving Ibom Power as the only station without supply.

TCN said it is mobilising an urgent intervention to complete the reconstruction of the affected sections of the line, with security agencies also notified to aid investigations and prevent further acts of vandalism along the line route.

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Abbas Warns Against Delay in Implementing New Ports Regulatory Act

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By Adedapo Adesanya

The Speaker of the House of Representatives, Mr Tajudeen Abbas, has urged all relevant government agencies to promptly initiate actions for the full implementation of the Nigerian Ports Economic Regulatory Agency Act, 2026, following its signing into law by President Bola Tinubu.

The bill, sponsored by Speaker Abbas, was aimed at repealing the Nigerian Shippers’ Council Act, Cap. N133, Laws of the Federation of Nigeria, 2004, and establish the Nigerian Ports Economic Regulatory Agency to ensure effective economic regulation of Nigerian ports while safeguarding the interests of shippers, service providers, and users of regulated port services. With the President’s assent, it has now been enacted as an Act of Parliament.

The legislation represents one of the landmark achievements of the 10th National Assembly. It reflects the Speaker’s commitment to legislative excellence, institutional reform, and sustainable economic growth, according to a press statement by the Special Adviser on Media and Publicity to the Speaker, Mr Musa Krishi.

The bill underwent a rigorous and inclusive legislative process, including extensive stakeholder consultations and a public hearing. It was passed by both Chambers of the National Assembly and subsequently assented to by the President.

The Act provides a robust legal and institutional framework to ensure effective economic regulation of Nigerian ports by fostering transparency, competitiveness, and efficiency in port operations; protecting the rights and interests of shippers, service providers, and other port users; and aligning Nigeria’s port regulatory system with global best practices, thereby enhancing the ease and cost-effectiveness of doing business.

Despite receiving presidential assent, the Act has yet to be fully operationalised.

He warned that any further delay would undermine the legislative intent of the reform, prolong the exposure of port users to arbitrary charges and operational inefficiencies, and deny the nation the anticipated benefits of increased revenue, improved trade facilitation, and stronger investor confidence in the marine and blue economy sector.

The Speaker urged the Federal Ministry of Marine and Blue Economy, in collaboration with all relevant Ministries, Departments and Agencies (MDAs) of the federal government, to take the necessary administrative, institutional, and financial measures for the prompt implementation of the Act.

He said this should include the formal transition to, as well as operational empowerment of, the Nigerian Ports Economic Regulatory Agency to discharge its statutory mandate effectively.

The full implementation of the Act is critical to unlocking the economic potential of Nigeria’s ports, reducing the cost of doing business, strengthening trade competitiveness, and positioning Nigeria as the leading maritime and logistics hub in West and Central Africa.

The statement noted that the Speaker reaffirmed the 10th House’s commitment to exercising the necessary legislative oversight to ensure this landmark legislation, along with others assented to by the President, is fully implemented and achieves its intended goals for the benefit of the Nigerian people.

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FG, NiYA, Cascador Partner to Turn Youth Ideas into Investable Businesses

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Nigerian youths

By Adedapo Adesanya

The Federal Ministry of Youth Development (FMYD), through the Nigerian Youth Academy (NiYA), has partnered with Cascador, a Nigeria-focused platform for growth-stage founders, to provide funding and support for the next generation of Nigerian youth entrepreneurs.

The announcement coincides with International Youth Day 2026, whose global theme this year — Different Contexts, Common Aspirations — calls on institutions to close the gap between young people’s circumstances and their opportunities. The pilot is an early step toward NiYA’s broader ambition to train and empower 7 million Nigerian youth within two years.

The NiYA and Cascador Founders Programme will begin with a pilot cohort of 20 early-stage Nigerian youth founders, including entrepreneurs without formal business registration or established financial records.

Over four weeks, participants will undergo intensive training focused on business fundamentals, investment readiness and pitch preparation. At the end of the programme, the eight top-performing founders will receive non-dilutive funding of up to N5 million each from Cascador, alongside an Enterprise Resource Planning (ERP) solution to help them structure, manage and scale their businesses.

The funding and support will be presented at a Pitch Day organised by NiYA and the Federal Ministry of Youth Development.

The Minister for Youth Development, Mr s Ayodele Olawande, said the partnership would enable NiYA to move beyond training by helping young people transform ideas into investable businesses and achieve sustainable economic participation through business preparation and access to capital.

“The pilot is deliberately designed to test a model that can go beyond one cohort. If young founders can be identified early, prepared properly, connected to credible capital and supported to build stronger business systems, then access to opportunity becomes less dependent on background or existing networks. That is the larger objective: to build a youth entrepreneurship ecosystem in which readiness, ideas and execution can increasingly determine who gets the opportunity to grow.”

The pilot will run in-person in Abuja with virtual touchpoints and 1:1 mentorship. All 20 graduates retain NiYA alumni status, with priority consideration for future opportunities.

NiYA and FMYD have already shown what real commitment to Nigeria’s youth looks like — the platforms, the reach, the ambition to train millions. What we’re building together now is the missing piece, a practical bridge from the ideation stage to real capital-readiness. When a Ministry so dedicated to its young people asked Cascador to help build that bridge, it was an easy decision,” said Trish Thomas, CEO of Cascador.

Ms Oyin Solebo, COO of Cascador and former Managing Director of the ARM Labs Lagos Techstars Accelerator, highlighted the partnership’s impact, saying, “This is what innovative capital deployment looks like: a government building real investment readiness at scale, and a partner meeting that foundational work with non-dilutive funding at exactly the moment it’s needed. Partnerships like this open doors that neither of us could open alone.”

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