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Tinubu Must Urgently Tackle Hunger, Suffering in Nigeria—CNPP

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Ibadan stampede

By Modupe Gbadeyanka

President Bola Tinubu has been urged to urgently look into the escalating hunger and suffering faced by millions of Nigerians due to the policies of his administration.

This call was made by the Conference of Nigeria Political Parties (CNPP) in a statement signed by its Deputy National Publicity Secretary, Mr James Ezema.

The group was reacting to the recent tragic incidents, including stampedes in Ibadan Oyo State, Anambra State and Abuja, resulting in loss of lives as citizens scrambled for palliatives.

“The current economic policies have had devastating short-term impacts, leading to increased hardship for the populace,” a part of the statement said.

“The federal and state governments must prioritize the survival of its citizens before they can even begin to enjoy the so-called long-term benefits of ongoing reforms in the country,” the organisation stated further.

The CNPP said it firmly believes that the “reality is that Nigerians must be kept alive first; only then can they contribute to the nation’s economic growth and development.”

To address this, the CNPP called on President Tinubu to immediately reconsider the pricing of petroleum products, particularly in light of the recent completion of the Port Harcourt Refinery’s rehabilitation and the ongoing loading of petroleum products at the refurbished refinery.

“We equally call on the President to urgently consider releasing crude oil at a highly subsidized rate to local refineries, including Dangote Refinery for domestic consumption,” it added.

“This will lead to a reduction in fuel prices, which is essential to alleviate the burden of transportation costs and the expenses associated with fueling power generators for manufacturing companies,” it added.

The CNPP warned that if these issues are not addressed, the increasing cost of production will continue to complicate Nigeria’s economic woes, rendering both interim and long-term gains from the ongoing economic reforms unattainable.

According to the group, the current trajectory is unsustainable and threatens to push more Nigerians into poverty and despair.

“No responsible leader can stand by and watch avoidable deaths occur among our citizens — individuals who should be contributing to the economic growth of our nation but are instead succumbing to the negative impacts of government policies and poor governance,” it stated.

It called for an immediate and comprehensive response from the Tinubu administration and state governments to address these pressing issues, urging the government “at all levels to implement policies that prioritize the welfare of the people,” ensuring that “no Nigerian is left behind in the quest for economic recovery and stability.”

The group implored Mr Tinubu to take decisive action to alleviate the suffering of Nigerians and to create an environment where citizens can thrive, saying, “The time for rhetoric is over; it is time for tangible action that reflects the needs and realities of the Nigerian people.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Yusuf Tuggar Steps Down as Foreign Minister Over 2027 Political Ambition

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Yusuf Tuggar

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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Lagos to Deepen Private Sector Collaboration for Sustainable Urban Development

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Irele Tower

By Aduragbemi Omiyale

The Lagos State government has promised to sustain its collaboration with private sector players to drive sustainable urban development, create jobs, and position Lagos as a leading hub for commerce and industry in Africa.

This assurance was given by the state governor, Mr Babajide Sanwo-Olu, at the commissioning of Irele Tower last Thursday.

The nine-storey facility is the first commercial building within the Lagos Free Zone (LFZ). It is EDGE-certified, which sets a new standard for sustainable workspace in Lekki, Nigeria’s fastest-growing economic corridor.

Irele Tower is designed to host office and retail activities in the Lekki economic corridor. It was built for efficiency with 26 per cent less energy and 46 per cent less water consumption. It is an eco-friendly building, with the design inspired by maritime architecture, reflecting its proximity to the Lekki Deep Sea Port.

Mr Sanwo-Olu described the delivery of the Irele Tower as a significant milestone in the development of the economic zone in line with the agenda of making Lagos a 21st-century economy by boosting economic growth to support the state’s developmental plans.

According to him, the facility is critical to unlocking the full potential of the Ibeju-Lekki axis of the economic zone, particularly given the presence of the Lekki Deep Sea Port and other major industrial investments within the Lagos Free Zone.

“The commissioning of Irele Tower is a clear demonstration of what can be achieved through strong collaboration between the public and private sectors. This development not only enhances the infrastructure profile of the Lagos Free Zone but also strengthens our vision of making Lagos a premier destination for investment and economic activities.

“We will continue to support initiatives that promote industrial growth, create employment opportunities, and improve the overall business environment in our state,” he said.

In her remarks, the chief executive of LFZ, Ms Adesuwa Ladoja, stated that the development reflects the zone’s commitment to creating an integrated ecosystem where businesses can thrive, supported by modern infrastructure, a strategic location, and efficient logistics.

“The commissioning of Irele Tower represents a defining milestone in our journey to build a world-class industrial and commercial hub. This development reflects our commitment to providing high-quality infrastructure that supports ease of doing business and enhances operational efficiency for our tenants.

“As the first commercial tower within the Lagos Free Zone, Irele Tower, sets a new benchmark for quality workspace in this corridor and reinforces our position as a preferred destination for investment and enterprise,” she added.

Irele Tower sits on a gross floor area of approximately 12,000 square metres. It offers modern workspaces tailored to evolving business needs. The facility also offers premium amenities, including office spaces, retail outlets, parking facilities, shared workspaces, and a rooftop cafeteria, creating a dynamic, integrated business environment.

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FMBN Chairman Gawuna Resigns Ahead of March 31 Deadline

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Nasiru Gawuna

By Adedapo Adesanya

The Chairman of the Governing Board of the Federal Mortgage Bank of Nigeria (FMBN), Mr Nasiru Gawuna, has formally resigned from his position, obeying a directive that requires office holders with political ambitions to step down before March 31, 2026.

Mr Gawuna, a former governorship candidate of the All Progressives Congress (APC) in Kano State, submitted his resignation in a letter dated March 27, 2026. In the letter, he stated that his decision takes immediate effect and is in compliance with directives issued by President Bola Tinubu.

He is expected to formally announce his move to the African Democratic Congress (ADC) on Tuesday alongside Mr Rabiu Musa Kwankwaso, a prominent political figure and former Governor of Kano, who resigned from the New Nigeria People’s Party (NNPP).

The former governor of Kano and senator rose to prominence through his grassroots-oriented Kwankwasiyya Movement, which has played a decisive role in shaping electoral outcomes in Kano. His political journey has seen him move across major parties before leading the NNPP into the 2023 general elections, where he maintained significant influence in the North-West state.

“My resignation is in strict compliance with the President’s directive requiring all political appointees to step down in accordance with the provisions of the Electoral Act,” Mr Gawuna wrote.

In his resignation letter, Mr Gawuna expressed appreciation for the opportunity to serve under the current administration, describing his tenure as both an honour and a privilege.

“I am profoundly grateful to His Excellency, President Bola Ahmed Tinubu, for the confidence reposed in me to serve. It has been a privilege to contribute to the growth and development of the Federal Mortgage Bank of Nigeria and our great country,” he stated.

He also struck a reflective tone regarding his future, adding, “I place my future in the hands of Allah (SWT) and seek His divine guidance in all my endeavours.”

Mr Gawuna assured stakeholders of a seamless transition process, noting that he would hand over responsibilities in line with established procedures.

“I remain committed to ensuring a smooth and orderly handover in accordance with all laid-down directives,” he said.

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