General
Independence Day: Tinubu Says Worst Over
By Adedapo Adesanya
President Bola Tinubu has insisted that the painful economic reforms introduced under his administration are beginning to yield results, claiming that the worst is over.
In a national address marking Nigeria’s 65th Independence Day, Mr Tinubu defended his administration’s decision to scrap fuel subsidies and unify the foreign exchange rate, saying these actions have stabilised the economy, boosted revenue, and created a pathway to sustainable growth.
“Less than three years later, the seeds of those difficult but necessary decisions are bearing fruit,” he said.
“Yesterday’s pains are giving way to relief,” Mr Tinubu told the nation in his third independence address since assuming office in May 2023. “I salute your endurance, support and understanding. I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour.”
According to him, Nigeria’s economy grew by 4.23 per cent in the second quarter of 2025, its fastest pace in four years and above International Monetary Fund (IMF) projections, adding that inflation has also eased to 20.12 per cent, the lowest level in three years.
The President further cited a record surge in non-oil revenue, improved foreign reserves and a booming stock market as signs of renewed investor confidence.
However, he acknowledged that many Nigerians have faced hardships as a result of rising living costs, but argued that the reforms were unavoidable.
“The alternative of allowing our country to descend into economic chaos or bankruptcy was not an option,” he said.
He pledged that the gains from the reforms would increasingly be felt in households through improved public services, investment in infrastructure, and better support for vulnerable citizens.
The president said the government had disbursed N330 billion to eight million vulnerable households under its social investment programme and was expanding infrastructure across rail, roads, airports, and seaports.
“The accurate measure of our success will not be limited to economic statistics alone,” he noted, “but rather in the food on our families’ tables, the quality of education our children receive, the electricity in our homes, and the security in our communities.”
By Adedapo Adesanya
The Christian Association of Nigeria (CAN) has called for action over the recent attack in Plateau State, asking authorities to address and prosecute those behind the killing.
In a statement, CAN President, Mr Daniel Okoh, described the attack as “not just tragic” but also “unacceptable”.
“Nigerians are tired of mourning. Nigerians are tired of statements. Nigerians want to see action,” the cleric said in a statement issued late Monday.
“Those responsible for this atrocity must be found, arrested, and made to face justice; swiftly and decisively. Anything less will only deepen the sense that life in our country is no longer protected.”
The attack on Sunday in Angwan Rukuba, in Jos North Local Government Area, left 28 people dead and several others wounded.
Expectedly, the incident has sparked outrage among Nigerians and protests by angry residents of the area.
CAN called for a thorough investigation into the attack and called for proactive action before these attacks take place.
“Our security institutions must not only respond; they must stay ahead of these threats,” the Christian body said while acknowledging efforts by the Plateau State Government.
“But let it be said clearly: temporary measures are not enough. The people of Plateau, and indeed all Nigerians, deserve lasting security, not periodic reassurance,” Mr Okoh said.
CAN told Nigerians to be vigilant and calm, but maintained that the nation owes the dead justice.
“We owe the living protection. And we owe our future a country where no community wakes up to gunfire on a sacred day.”
Meanwhile, the Plateau State Governor, Mr Caleb Mutfwang, visited the affected area under heavy security and also those wounded on Monday, even as the state government imposed curfew on the affected place.
“This unfortunate event led to the loss of 28 innocent lives and left many others injured. I feel deeply the weight of the pain inflicted on our people,” the governor said in a state-wide broadcast.
He also vowed that Plateau State won’t succumb to fear or intimidation.
“We shall emerge stronger, united, and resolute in our faith and commitment to peace,” the governor assured.
“We must deploy every available resource to defend our people, protect lives and property, and safeguard the territorial integrity of our state. Plateau shall remain strong and peaceful.”
By Adedapo Adesanya
The Nigerian Ports Authority (NPA) is raising its financial and operational ambitions for 2026, unveiling a revenue target of N1.489 trillion alongside plans to overhaul two of the country’s busiest seaports, Apapa and Tin Can Island, in a push to boost efficiency and global competitiveness.
Speaking during the agency’s 2026 budget defence before the Senate Committee on Marine Transport, the ports regulator’s Managing Director, Mr Abubakar Dantsoho, said the new revenue projection reflects a strategic shift focused on strengthening resilience and driving sustainable growth across Nigeria’s port system.
The proposed figure represents an increase over the N1.468 trillion initially projected for 2025, a benchmark the authority not only met but exceeded, recording approximately N1.97 trillion in revenue collections.
A breakdown of the 2026 proposal shows a strong tilt toward infrastructure development, with N945 billion allocated to capital expenditure. Operating costs are projected at N447.5 billion, while N90.6 billion is expected to be remitted to the federal government’s Consolidated Revenue Fund.
Central to the NPA’s transformation agenda is the planned modernisation of Apapa Port and Tin Can Island Port, two critical gateways for Nigeria’s maritime trade. Dantsoho noted that both facilities, due to their age and outdated capacity, require urgent upgrades to meet the demands of modern shipping and logistics operations.
He disclosed that preliminary work on the projects is set to begin within weeks, marking a significant step toward repositioning Nigeria’s ports within the global maritime value chain.
On financial operations, the NPA boss reiterated that all revenues generated by the authority are remitted directly into the Treasury Single Account managed by the Central Bank of Nigeria, stressing that the agency operates without retaining independent revenue.
In his remarks, Chairman of the Senate Committee on Marine Transport, Mr Wasiu Eshinlokun, underscored the importance of collaboration between lawmakers and agencies. He noted that the committee’s oversight function is designed to improve efficiency, strengthen institutional performance, and ensure responsible use of public funds.
By Adedapo Adesanya
Nigeria’s Minister of Foreign Affairs, Mr Yusuf Tuggar, has resigned from his position, in line with the directive that government appointees seeking political offices must resign before March 31.
Business Post reports that the diplomat is eyeing a governorship ambition in Bauchi State ahead of the 2027 general elections.
Mr Tuggar’s resignation was confirmed in a statement by the ministry’s spokesperson, Mr Kimiebi Ebienfa, on Monday.
Mr Tuggar submitted his resignation letter on Monday, barely 24 hours before the deadline set by President Bola Tinubu, which directs all political appointees under his administration seeking to contest elective offices in the 2027 elections to resign before March 31.
The directive is in line with Section 88(1) of the Electoral Act, 2026, and the timetable released by the Independent National Electoral Commission for party primaries ahead of the 2027 polls.
With this development, more resignations are expected before the March 31 deadline as appointees seeking elective offices move to meet the stipulated deadline.
Earlier today, the Chairman of the Governing Board of the Federal Mortgage Bank of Nigeria (FMBN), Mr Nasiru Gawuna, formally resigned from his position to join the African Democratic Congress (ADC) with his sights on the Kano governorship ticket.
Mr Tuggar’s resignation comes amid the speculation of his interest in contesting the 2027 Bauchi State governorship election on the platform of the All Progressives Congress (APC).
The 59-year-old is a seasoned diplomat, policymaker, and political figure who was appointed as minister by President Bola Tinubu in August 2023.
Born on March 12, 1967, he has built a distinguished career spanning diplomacy, politics, energy, and strategic consulting.
He is widely regarded for his role in shaping Nigeria’s global engagement and advancing its foreign policy priorities.
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