General
Buhari to Inaugurate Infrastructural Projects in Ogun Thursday
By Adedapo Adesanya
President Muhammadu Buhari will embark on a state visit to Ogun State on Thursday, January 13 to inaugurate some infrastructural projects in the state.
It was stated that President Buhari was earlier billed to visit the Gateway State on December 21, 2021, but the official visit was postponed indefinitely.
In a statement issued on Sunday by Mr Kunle Somorin, the Chief Press Secretary to Ogun State Governor, Mr Dapo Abiodun, the Commander-in-Chief, during the visit, will inaugurate some of the infrastructural projects executed by Governor Abiodun-led administration.
The President will be welcomed at the Gateway City Gate Monument Park, Sagamu Interchange, at 10 a.m, where the first project will be commissioned by him.
Apart from the Gateway City Gate, other projects expected to be inaugurated by President Buhari include Ijebu-Ode Mojoda-Epe expressway and two housing estates – the 527-Unit low and Medium Kobape Housing scheme Kobape and the Highbrow, 83 duplexes at Kings Court Estate at Oke Mosan, Abeokuta.
The Governor’s spokesman stated that invited guests are expected to be seated by 9.30 a.m at the City Gate by the Sagamu Interchange and Abeokuta expressway while observing all COVID-19 safety protocols strictly.
Meanwhile, Vice President Yemi Osinbajo travelled to Ghana on Sunday for the Extraordinary Summit of the ECOWAS Authority of Heads of State and Government.
Mr Osinbajo was in the neighbouring country to represent Nigeria at the summit and was joined by other regional leaders to discuss the political situation in the Republic of Mali.
The Senior Special Assistant to the President on Media and Publicity, Mr Laolu Akande, disclosed this via a statement issued on Sunday.
He said Sunday’s meeting followed previous meetings and efforts by the leaders to resolve the situations in Mali and Guinea.
“In 2021, Prof. Osinbajo participated in meetings of leaders across the sub-region on the issues exploring solutions,” the statement read.
“On September 8, the VP participated in a virtual summit of the regional body where sanctions were imposed on the military junta in Guinea, and on the 16th of the same month, attended another ECOWAS summit where further sanctions on individuals and groups fueling the crisis in Guinea and Mali were discussed.
“Later in November 2021, Prof. Osinbajo again joined other leaders in Accra for the 3rd Extraordinary Summit of leaders across the sub-region to review decisions and the political situations in Mali and Guinea,” he said.
In compliance with the decisions of the leaders, ECOWAS mediator and former President Goodluck Jonathan travelled on January 5, 2022, to Mali to meet with authorities in the country over the timetable for democratic transition.
By Adedapo Adesanya
The Minister of Communications, Innovation and Digital Economy, Mr Bosun Tijani, has announced that Nigeria will launch a new alphanumeric postcode system on October 1, 2026, with every home expected to have a unique postcode.
Mr Tijani disclosed the development in a video post on X, describing the new system as a more precise and digitally oriented approach to addressing locations across the country.
He said the initiative would mark a significant shift in Nigeria’s postal addressing system by assigning unique postcodes to individual homes.
The initiative marks a major step in Nigeria’s digital transformation agenda. By replacing the outdated numeric-only system, the alphanumeric codes provide a more flexible and scalable framework that can accommodate the country’s rapid urban growth and diverse settlement patterns.
For emphasis, an alphanumeric postcode system is a postal indexing system that uses a combination of both letters (alpha) and numbers (numeric), along with spaces or punctuation, to identify specific geographic locations, streets, or individual buildings for mail delivery.
Unlike purely numeric postcode systems (such as the 5-digit US ZIP Code or 5-digit codes used in some European countries), alphanumeric codes offer a much higher number of unique combinations using fewer total characters. This flexibility allows postal authorities to pinpoint locations with incredible precision, often down to a single side of a street or a specific large building.
“On October 1st 2026 Nigeria’s new Alphanumeric Postcode System goes live,” Mr Tijani said.
“For the first time, every home will be assigned a unique postcode that’s simple, precise and built for a digital future,” he added.
The minister urged Nigerians to prepare to generate their individual postcodes ahead of the launch.
The new system is expected to strengthen Nigeria’s digital addressing infrastructure and improve the identification and location of homes and properties for postal and other location-based services.
The initiative is being implemented in collaboration with the Nigerian Postal Service (NIPOST) as part of broader efforts to modernise the country’s addressing and digital infrastructure.
By Modupe Gbadeyanka
The Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, has been directed to give an account to Nigerians on how the current government has fared since its inception on May 29, 2023.
This directive was given by President Bola Tinubu in a message posted on his verified social media handles on Wednesday.
This coincides with the commencement of campaigns for the 2027 presidential election scheduled for January 16.
According to the timetable of the Independent National Electoral Commission (INEC), candidates seeking to become the country’s president are eligible to kick off their campaigns from today, Wednesday, August 19, 2026.
In his message today, Mr Tinubu said, “When we began this journey of reform in 2023, I promised that the difficult decisions we were making would serve the purpose of building an economy that works better for you and a country that is stronger for our children.
“Today, your government presents The Reforms Scorecard. It sets out what our reforms have achieved, what they have cost us, and the greater costs and harms we have prevented by acting when we did.
“I have therefore directed the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, to give an account to Nigerians, to explain the numbers, the choices we have made, the progress recorded, and the work that remains.
“You deserve to see the numbers. You deserve to know what has changed and what these reforms mean for you, your family, your business and our country.
“This is your government. This is your country. This is our account to you.”
Shortly after he took the oath of office over three years ago, President Tinubu declared that subsidies on petroleum products were gone. He later approved foreign exchange (FX) reforms, which devalued the Nigerian Naira, shooting from about N800 per Dollar to nearly N2,000 per Dollar. However, it is currently slightly above N1,340 per Dollar in the official market.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited and the Nigerian Agip Exploration (NAE) Limited are advancing discussions on the development of deepwater assets estimated to hold 500 million barrels of oil reserves.
The development followed a meeting between the chief executive of the state oil company, Mr Bayo Ojulari, and Agip’s Vice Chairman and Managing Director, Mr Maurizio Pinna, in Abuja.
The talks focused on ongoing work on deepwater acreage jointly held by NNPC, NAE and Shell Nigeria Exploration and Production Company (SNEPCo) as well as plans to bring the associated resources into production.
According to NNPC, the acreage comprises the Zabazaba and Etan deepwater fields, with estimated reserves of about 500 million barrels.
The fields are located in Nigeria’s deepwater terrain and are considered significant to the country’s efforts to expand its upstream oil production base, particularly as operators seek to advance projects capable of delivering additional barrels over the medium to long term.
While details of the expected production timeline were not disclosed, the meeting underscores renewed industry focus on unlocking Nigeria’s deepwater resources and growing crude oil production.
The acreage comprises licences converted from OPL 245 and is operated by NAE in partnership with NNPC Limited and SNEPCo.
Mr Ojulari and Mr Pinna also reviewed the work currently underway on the assets and the expected production outlook, with the discussions centred on advancing deepwater development.
The engagement comes amid renewed efforts to attract investment into Nigeria’s offshore petroleum resources and increase national oil production.
