General
Reps to Discuss Buhari’s Refusal to Sign Electoral Act in January
By Modupe Gbadeyanka
Speaker of the House of Representatives, Mr Femi Gbajabiamila, has said when the parliament resumes next year, the presidential decline of assent to the Electoral Act (Repeal and Re-Enactment) Bill, 2021 would be discussed.
Mr Gbajabiamila said this on Tuesday when the lower chamber of the National Assembly held its last plenary for 2021.
President Muhammadu Buhari had refused to sign the electoral bill into law, citing the cost of conducting direct primary elections, security challenges and possible manipulation of electoral processes by political actors as reasons.
After reading a letter from Mr Buhari on why he refused to sign the act, the Speaker informed his colleagues that the short notice made it impossible to deliberate the issue before going for the Christmas and New Year break.
“As it is now, that bill has not received presidential assent, and it falls to parliament to decide the best way forward. When we return in the new year, we will resume our efforts to reform the electoral system in our country. And we will do it together.
“That is what the Nigerian people expect of us, and we will do our duty for God and country. As long as this one breathes, it will survive. When we return, we will address it,” Mr Gbajabiamila said.
The Speaker, who commended members for the efforts they made to ensure the passage of the bill, also recalled other reform initiatives by the House in 2021, including further interventions in the COVID-19 pandemic, proposals to tackle insecurity and enhancing the capacities of the Nigerian Customs Service and the Nigerian Security Civil Defence Corps to deliver on their mandate.
He said in 2022, the House would sustain its commitment to serve the nation, adding that unlike in the past, politics and preparations for the next elections would not distract members from their duty.
Mr Gbajabiamila reminded lawmakers of the Legislative Agenda of the 9th House, which he said must be followed through to its conclusion.
“In the past, election years have witnessed a decline in governance activities as political pursuits cloud the calendar. That will not be the case this time around.
“As you are aware, we have a legislative agenda in this 9th House of Representatives, which we tagged Our Contract with Nigerians. I expect that we will do everything within our power to keep the commitments we made in that document. So that when we appear before our various constituencies, we can stand tall in the knowledge that despite challenges and difficulties, we did what we promised to do, and given a chance again, will do even more,” he said.
Specifically, on COVID-19, Mr Gbajabiamila said vaccination was the way to go, else the country faced the risk of being denied access to participation in cross-national engagements in the in-coming year.
The Speaker recalled that evidently, the virus would not go away soon, a reason the House foresaw the future in 2020 by introducing the infectious diseases bill, which was later marred by controversies.
“At that time, our good faith efforts were wilfully mischaracterised by individuals who saw the moment as an opportunity to score cheap political points. Today, the whole world is grappling with the issues we sought to identify and address then.
“There are many lessons to be learned from that experience. Most paramount of them all, is that public policy is serious business and the welfare of the Nigerian people must never be surrendered on the altar of cheap populism or the pursuit of short term political advantage,” he said.
Mr Gbajabiamila disclosed the plan of the legislature to consider the merging of many Ministries, Departments and Agencies of the federal government with overlapping functions, to help address the increasing inadequacy of budgeting as well as scrapping the envelope system.
The Speaker paid glowing tributes to the personnel of Nigerian security agencies and other Nigerians working in very difficult situations to keep Nigeria safe and together at the risk of sacrificing their own lives.
“I honour their service and sacrifice, and I ask you to join me in doing the same. I also celebrate all Nigerians who, despite challenges, still believe in the promise of Nigeria. And who acting in that belief, continue investing in Nigeria and innovating here.
“I want to assure you that you have the gratitude of the 9th House, and more importantly, our support in every way required,” he said.
Before adjourning the plenary till 2022, the House of Representatives passed the 2022 budget of N17.126 trillion.
By Adedapo Adesanya
President Bola Tinubu is expected to be among the leading public figures attending the next edition of the Africa CEO Forum, which will take place on May 14-15, 2026, in Kigali, Rwanda
A strong Nigerian private-sector delegation will also take part, including Mr Aliko Dangote, Mr Wale Tinubu, Mr Ofovwe Aig-Imoukhuede, Mrs Adesuwa Ladoja, Mrs Rachel More-Oshodi, Mrs Zouera Youssoufou, Mr Karim Noujaim, Mr Dany Abboud, Mr Ayo Otuyalo and Mr Chukwuerika Achum. Nigeria’s Coordinating Minister of Health and Social Welfare, Professor Muhammad Ali Pate, will also be present.
According to a statement on Tuesday, the 2026 edition will convene in Kigali to address a defining question for Africa’s future: how to achieve the scale necessary to compete, integrate and thrive in a fragmenting world.
It comes as global power dynamics continue to evolve, while the ability of Africa to rely on competitive, agile and internationally integrated corporate champions has become a defining corporate imperative. In this shifting global landscape, one lesson is clear: scale is no longer optional. It is the first line of defence.
Organised by Jeune Afrique Media Group and co-hosted by the International Finance Corporation (IFC), the Africa CEO Forum 2026 will convene Africa’s leading public and private decision-makers around a clear conviction: scale can only be achieved through shared African ownership.
The Forum will explore three strategic levers to build continental scale. First is shared equity, which will look to unlock cross-border equity investment to create multinational African champions. Mobilise African institutional capital across markets to strengthen resilience and enhance long-term returns.
Also, is shared infrastructure, which will take on designing complementary infrastructure to integrate African value chains. Champion transformative projects that serve regional, not merely national, needs and create truly connected markets.
Thirdly is shared frameworks, which is set to harmonise standards, rules and regulations to boost investor confidence and enable the free flow of capital, goods and services. Build future-proof digital rails for health, education, agriculture and cross-border payments.
Speaking on this, Mr Amir Ben Yahmed, President of the Africa CEO Forum, stated: “If Africa wants to compete in a world defined by scale, it must move beyond economic patriotism and embrace a new model: African capital investing together. Shared ownership, cross-border partnerships and continental ambition will define the economic future of Africa and the next generation of African champions.”
On his part, Mr Makhtar Diop, Managing Director at IFC, stated: “Africa has the capital and the opportunity to grow and create quality jobs. What matters now is putting that capital to work at scale. That means building trust, sharing risk, and investing across borders. The Africa CEO Forum brings leaders together to connect policy and private investment, and to help shape Africa’s next phase of growth.”
By Adedapo Adesanya
The Minister of Marine and Blue Economy, Mr Adegboyega Oyetola, has directed the Nigerian Shippers’ Council (NSC) to investigate the allegations of systemic efforts to undermine local barge operators at the nation’s seaports.
The Minister issued the directive during the recent 2026 First Quarter Citizens/Stakeholders’ Engagement, Sectoral Performance Review, and Ministerial Management Retreat of the Federal Ministry of Marine and Blue Economy, held in Lagos.
During the engagement, representatives of barge operators alleged that there was a coordinated and deliberate attempt by certain foreign interests to edge them out of business.
According to the Special Adviser to the Minister, Mr Bolaji Akinola, they claimed that these actions, if left unchecked, could significantly weaken local capacity and disrupt the balance of competition within Nigeria’s maritime logistics chain.
The operators expressed concern that policies, operational bottlenecks, and preferential treatment allegedly being accorded to some foreign-linked entities by certain terminal operators were creating an uneven playing field.
According to them, these challenges are gradually eroding their market share and threatening the survival of indigenous businesses.
Responding to the concerns, the minister emphasised the federal government’s commitment to protecting local investments and ensuring fair competition within the maritime industry.
He directed the council, as the port economic regulator, to carry out a thorough and impartial investigation into the claims.
Mr Oyetola stressed that any form of anti-competitive behaviour or policy inconsistency that disadvantages Nigerian businesses would not be tolerated.
The minister also reiterated the importance of stakeholder engagement as a platform for identifying sectoral challenges and shaping responsive policy interventions, stressing that the government remains focused on strengthening the marine and blue economy sector as a driver of national growth, job creation, and sustainable development.
By Modupe Gbadeyanka
The presidential candidate of the Labour Party (LP) in the 2023 general elections, Mr Peter Obi, has asked to know the real beneficiaries of the repeated payments made by the federal government to settle outstanding debts in the power sector.
Over the weekend, President Bola Tinubu approved the payment of N3.3 trillion for the “full and final” payment for debts in the electricity sector.
The action, according to a statement issued by the Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, was to ensure improvement in electricity supply in the country.
In a post on Tuesday, the former Governor of Anambra State questioned why the government is allegedly making the same payment it announced almost two years ago.
“On May 17, 2024, N3.3 trillion was approved for the same purpose. On July 25, 2024, another N4 trillion bond was approved to settle similar debts. There have also been other approvals in between, all targeted at addressing the same power sector liabilities.
“This raises a fundamental question: were the previous approvals mere announcements without execution?” he queried.
“During the 2023 campaign, President Bola Tinubu made a clear promise: that if he failed to deliver stable electricity, Nigerians should not re-elect him.
“Today, the reality is that power supply has worsened to the extent that there are even discussions about disconnecting the Presidential Villa from the national grid.
“Each time legitimate concerns are raised, what we see appears more like policy pronouncements than measurable progress.
“Now, again, we are confronted with another N3.3 trillion approval to settle power sector debts,” Mr Obi further said.
The chieftain of the African Democratic Congress (ADC) said, “These debts were largely accumulated under successive administrations of the All Progressives Congress between 2015 and 2025. This raises serious concerns about accountability, transparency, and effectiveness in public financial management.”
“It is important to note that government institutions and agencies, including the Presidential Villa, owe a significant portion of these debts. Year after year, budgets were made and funds appropriated. Why then were these obligations not settled when due? And from what source will this new payment be made? Are we resorting once more to borrowing to service inefficiencies?
“Key questions remain unanswered: How did the debt accrue? What is the actual total debt in the power sector? Which components of the debts are due to operators’ inefficiency and should be borne by them? Why have previous approvals not translated into tangible improvements? Who are the real beneficiaries of these repeated payments?
“Is the N3.3 trillion approved on April 6, 2026, the same as the N3.3 trillion approved in May 2024, and how does it relate to the N4 trillion bond approved in July 2024?
“Nigeria must move beyond recycled announcements and confront the power sector crisis with sincerity, transparency, and decisive reforms.
“Until we do so, we will remain trapped in a cycle of debt and darkness.
But with discipline, accountability, and the right leadership, a new Nigeria is still possible,” he wrote.
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