General
Cabinet Reshuffle Insufficient to Address Nigeria’s Economic Woes—CNPP
By Modupe Gbadeyanka
President Bola Tinubu has been told that mere making a few changes to his cabinet has not solved the current economic woes bedevilling the country.
This was the submission of the Conference of Nigeria Political Parties (CNPP) in a statement signed by its Deputy National Publicity Secretary, Mr James Ezema.
The group, in the statement, warned Nigerians not to expect significant improvements from the cabinet reshuffle, which saw the exit of five ministers and inclusion of seven persons, with the creation of a new ministry, the Ministry of Livestock Development.
CNPP noted that citizens would continue to face worsening poverty and hunger unless the government reverses the petrol subsidy removal and the negative effects associated with the devaluation of the Naira.
“The recent cabinet reshuffle has generated varied reactions, but we urge Nigerians not to harbor excessive expectations from these changes.
“Until there is a reversal of the petrol subsidy removal and the negative effects associated with the devaluation of the Naira, the ordinary citizens will continue to face worsening impoverishment and hunger,” it stated.
The organisation argued that the removal of the petrol subsidy, although desirable, was implemented too hastily without a workable plan to address the drastic reduction in purchasing power.
“Past administrations had made provisions to cushion the negative impacts of increases in the pump prices of petroleum products, but the current government had no concrete plans for about a year and five months now,” it submitted.
“The high cost of diesel continues to negatively impact the pump price of petrol, as tankers use diesel to transport petrol across the country, leading to increased landing costs per litre,” a part of the statement disclosed.
Additionally, the CNPP highlighted the challenges faced by Small and Medium Scale Enterprises (SMEs) due to high fuel costs and electricity tariffs.
“The promised Renewed Hope Agenda of the President may end up as renewed hopelessness if the current administration does not immediately reverse the cost of petrol to its 2015 pump price and the exchange rate to before May 29, 2015.
“More companies are folding up, and SMEs are nearly non-existent as they cannot afford the cost of fuel to power their businesses due to the high cost of diesel and petrol, and the high electricity tariff is not helping them either,” the group said.
The CNPP emphasized the need for immediate action to reverse the high cost of transportation in the country, which contributes to rising food prices.
“The government must take immediate steps to reverse the high cost of transportation in the country to arrest the increasing cost of food and basic necessities of life,” it urged.
The umbrella body of all registered political parties and political associations in Nigeria said it remains committed to advocating for policies that will alleviate the suffering of the Nigerian people and ensure a prosperous future for all.
“We will continue to advocate for policies that will alleviate the suffering of the Nigerian people and ensure a prosperous future for all,” the CNPP concluded.
By Adedapo Adesanya
The chief executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Mrs Oritsemeyiwa Eyesan, has promised to enhance transparency and ensure that the NUPRC’s internal communications are fully digital.
Mrs Eyesan said this when the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr Musa Adar, visited the commission’s corporate headquarters in Abuja.
“We have set for ourselves a 60-day programme to digitise our interactions and communications within the commission. I can assure you that once we get to day 60, there will be no paper trail within the Commission. All our transmissions will be electronic, which also means speed is assured. It means we will be able to trace where we have hiccups,” Mr Eyesan said.
The NUPRC boss said digitising processes often leads to better results, like the enforcement of payments of royalties.
“I can tell you without a shadow of doubt that for royalty payments, the default rate was enormous prior to 2025 when the Commission went live on the system. Now, compliance has improved,” Mrs Eyesan said.
The NUPRC boss sought a deepened relationship with NEITI, which will foster transparency, especially amid the 2025 Licensing Round.
In his remarks, the NEITI’s scribe said there was a need for the NUPRC to carry the agency along in its operations as this would not only enhance transparency but also deepen investor confidence.
Mr Adar also urged the commission to be firm on oil companies that run afoul of the Petroleum Industry Act.
Speaking on the Extractive Industries Transparency Initiative, Mr Adar asked that the NUPRC actively participate in the 2026 EITI flagship conference, which will provide the Commission with better insights into the standards that guide EITI implementation.
The NEITI boss also sought support from the Commission in the area of data sharing, which will enhance the operations of the agency.
“We are here to seek understanding, and we must collaborate,” Mr Adar said.
By Modupe Gbadeyanka
The acting Inspector-General of Police (IGP), Mr Tunji Disu, has been charged to do everything within his powers to restore peace and strengthen security across the nation.
This task was given to the new police chief by President Bola Tinubu after being decorated at the State House in Abuja on Wednesday.
Mr Disu was chosen to succeed Mr Kayode Egbetokun on Tuesday. His appointment is expected to be approved by the Nigeria Police Council and confirmed by the Senate next week.
President Tinubu described Mr Disu’s appointment as coming at a critical moment, urging him to rebuild public confidence in the police’s capacity to do their job in collaboration with other security forces.
“I made this decision for you to assume this responsibility. I know your record. I saw the dedication you exhibited while you were in Lagos when I was governor,” the President said.
“Lead firmly but fairly, demand professionalism at every level and ensure that the safety of lives and property remains our highest priority. It’s a daunting challenge. I know you can do it. You have my word, you have my full support,” he added.
Mr Tinubu urged him to advance the security pillars of his administration’s Renewed Hope Agenda. He expressed confidence in the Acting IGP’s discipline, operational experience and leadership capacity.
“Nigeria is challenged with banditry, terrorism and other criminal activities. You will be part of the thinking and innovation to overcome them,” the President said, reaffirming his belief that Nigeria would prevail under a committed leadership.
The President also paid tribute to Mr Egbetokun, who was present with his spouse, saying, “We are a grateful nation. Nigeria appreciates your contribution to maintaining law and order.”
He urged Egbetokun to be ready to offer useful advice to his successor and wished him and his family peace, good health and success in future endeavours, noting,
“You have not succeeded without a good successor. His success will also be part of your legacy.”
Mr Tinubu urged all security stakeholders to work collectively to safeguard lives and property during this critical period.
By Modupe Gbadeyanka
The chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has lamented how “people now defraud the government and individuals and invest in real estate.”
He raised this concern when he received the executives of the Association of Real Estate and Property Managers (AREAPM) in Edo State on Wednesday.
The EFCC chief, represented by the acting Zonal Director and Deputy Commander of the Commission, Mr Sa’ad Hanafi Sa’ad, warned real estate managers against money laundering.
“We have noted with grave concern that fraudsters are laundering money and hiding proceeds of crime through real estate and property. People now defraud the government and individuals and invest in real estate,” he stated.
He noted that the agency would continue to discharge its statutory mandate of bringing those who seek to circumvent the system to book.
“As a commission, we recognise the role of Real Estate and Property Managers. Property Managers are designated non-financial businesses and professions.
“So, we expect them to be professionals and uphold the relevant rules and regulations in the discharge of their duties,” he stated, adding that, “The commission will apply the laws when there is a breach of relevant rules and regulations.”
He assured the AREAPM executives of the organisation’s willingness to collaborate with them in dealing with fraud and criminality in the sector.
“We have a unit, the Land and Property Fraud Section, which attends to issues in that regard. So, when you have challenges, you can report to us,” he stated.
In his remarks, the chairman of AREAPM in Edo State, Mr Akpesiri Michael Egbonoje, stated that the essence of the visit was to seek areas of collaboration with the commission and work out ways of combating real estate financial crimes and fraud in the state.
“Part of our strategy is to familiarise ourselves with law enforcement agencies in the state and seek for collaborative relationships. As a body, we cannot do it alone; we need help in the areas of financial crimes.
“We have tried to sanitise the space, but we realised that your agency is at the apex when it comes to dealing with financial crimes.
“We believe that structured collaboration between AREARM and the EFCC will promote financial transparency, investor confidence, and accountability within the real estate sector.”
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