General
Shettima Promises Better Environment For Private Sector
By Adedapo Adesanya
The Vice President, Mr Kashim Shettima, has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation.
This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital.
The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing Project, and the AEMSL Meter Factory, in Anambra State.
“This gathering is a reminder that the private sector forms the other half of the government’s crucial foundation. Whatever innovation we design, whatever ideas we explore, whatever interests we pursue, we cannot achieve our objectives if those for whom they are targeted are not carried along or in tune with our agenda,” he said in a statement.
“I am utterly proud to be here today, honoured and excited to witness the commissioning of these landmark projects. I am convinced that each of us understands the urgency of our collective actions”.
Mr Shettima commended Anambra State for its private sector-driven development, even as he pledged the federal government’s support in addressing the state’s ecological challenges.
Noting that Anambra State has emerged as a critical pillar in Nigeria’s economic future, VP Shettima also praised Governor Charles Soludo for his understanding of the importance of a thriving private sector.
He added that Mr Soludo has demonstrated a “vast understanding of our economic dynamics, not just refined in academic chambers but forged in the crucible of real-world challenges.”
Mr Shettima also commended the Chairman of Chrome Group and Founder of Sir Emeka Offor Foundation (SEOF), Dr Emeka Offor, for his contributions to the development of Anambra State.
Acknowledging his “innovation, determination, and audacious vision,” the VP said Dr Offor’s investments in Anambra State have helped to create jobs, improve infrastructure, and provide essential services to the people of the state.
“Dr Emeka Offor is a shining example of what can be achieved when the private sector and the government work together. He is a true patriot who is committed to making Nigeria a better place,” he noted.
Shedding more light on the crucial role the private sector plays in nation-building, the Vice President said the hope the Tinubu administration has promised to renew can only be realised in an environment that makes it easier to translate the ideas of pace-setting individuals like Dr. Emeka Offor into action.
Mr Shettima continued: “The profound partnership between the federal government and each state remains an indispensable cornerstone.
“I assure you that commitment knows no bounds when fostering an environment ripe for entrepreneurial growth and innovation. For it is in the nurturing embrace of this collaborative effort that the delicate balance between public and private sectors resonates, defining the trajectory of successful nations.”
The Vice President also had an aerial view of some gully erosion sites in the state and was briefed on the state government’s efforts to address the problem which has caused widespread damage to infrastructure and farmlands in Anambra State.
Mr Shettima pledged the federal government’s support to the state government’s efforts to address the problem of erosion. He said that the federal government will provide financial and technical assistance to the state to implement solutions to this problem.
The VP restated the federal government’s continued support for Anambra State’s economic development, saying the government will work with the state to address challenges such as gully erosion and improve road infrastructure.
“Anambra State is crucial to the economy of this country, and we are going to ensure interventions in this state, from economic support to infrastructure development, are geared towards sustaining its place as an industrial and economic powerhouse.
“We are aware of the daunting challenge of gully erosion with which the state grapples, a consequence of its loose ferallitic soil. We are aware of the communities that this menacing force has encroached upon. We are aware of the lives and livelihoods it has devastated and threatened.
“We are also going to make our interventions in boosting our road infrastructure projects stand as tangible testaments to our commitment to connect the South-East with other sub-regions of our beloved country.
“These initiatives aim not only to bridge geographical distances but also to knit together the diversity of our nation, fostering prosperity the people deserve.”
General
EFCC Arrests Ex-Skye Bank Chair Tunde Ayeni Over Alleged Diverted Loans
By Modupe Gbadeyanka
The former chairman of the defunct Skye Bank Plc, Mr Tunde Ayeni, has been apprehended by the Economic and Financial Crimes Commission (EFCC).
Spokesperson of the anti-money laundering agency, Mr Dele Oyewale, confirmed the arrest of the businessman on Friday but declined to provide further details, according to TheCable.
Mr Ayeni was accused of diverting the N36.5 billion and $30 million loans from Polaris Bank Limited to companies with which he has links.
He was alleged to have obtained the credit facilities for marine security, electricity distribution, and real estate projects, but moved them to telecom investments tied to NITEL/MTEL assets via a NATCOM account.
After the Central Bank of Nigeria (CBN) revoked the operating licence of Skye Bank in 2018, it nationalised it to Polaris Bank.
The EFCC has been looking into the alleged diversion of funds by Mr Ayeni, resulting in his arrest in Abuja on Thursday, April 23, 2026.
He is being grilled over the matter and would be arraigned in court once the investigation is concluded.
This is not the first time Mr Ayeni has been nabbed and probed by the EFCC, as this happened a few months after his bank lost its licence.
The then acting spokesman for the EFCC, Mr Tony Orilade, said Mr Ayeni was quizzed by detectives over issues related to fraud and embezzlement allegedly committed by him when he was Chairman of the bank a few years ago.
General
Customs, Police Commence Tighter Security at Ports to Protect Oil Trade
By Adedapo Adesanya
“We are fully committed to working with the new Commissioner of Police and giving all necessary support towards the successful discharge of his responsibilities.”
General
FG Boosts Civil Servants’ Pay with New Allowance Review
By Adedapo Adesanya
The federal government has approved a sweeping increase in peculiar allowances and other welfare benefits for civil servants, aimed at improving take-home pay and boosting morale across the public service.
The announcement was made on Friday by the Head of the Civil Service of the Federation, Mrs Didi Walson-Jack, during a press briefing in Abuja, where she outlined key reforms endorsed by the Federal Executive Council (FEC).
According to Mrs Walson-Jack, the review affects workers under both the Consolidated Public Service Salary Structure (CONPSS) and the Consolidated Research and Allied Institutions Salary Structure (CONRAISS), ensuring a broad-based impact across all cadres.
She said the revised peculiar allowances have been structured to reflect across all grade levels, resulting in a meaningful increase in earnings for both junior and senior officers.
In addition, the government approved an upward review of several key allowances, including duty tour allowance (DTA), estacode, and book allowance.
Mrs Walson-Jack noted that virtually all allowances listed under the Public Service Rules have now been revised.
A major highlight of the reform is the approval of 100 per cent Duty Tour Allowance for civil servants attending approved training programmes, regardless of whether travel is involved.
Beyond salary-related adjustments, the government also introduced a new exit benefit scheme for retiring civil servants under the Contributory Pension Scheme. The scheme provides 100 per cent of a retiree’s total annual emoluments as an exit package, in addition to their pension, effective January 1, 2026.
Mrs Walson-Jack described the move as a step toward ensuring dignity in retirement, stressing that no public servant should leave service without adequate financial support.
The government also confirmed the operationalisation of the Employee Compensation Scheme, designed to provide financial protection for workers who suffer job-related injuries or death.
The reforms come amid growing calls from labour unions for improved welfare, as rising living costs continue to put pressure on workers. Analysts say the combined measures could significantly enhance financial stability for civil servants and improve overall productivity in the public sector.
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