General
Tinubu Never Blamed Buhari for Fuel Scarcity, Others—Onanuga
By Modupe Gbadeyanka
The Director of Media and Publicity of the All Progressives Congress (APC) Presidential Campaign Council (PCC), Mr Bayo Onanuga, has said the party’s presidential candidate, Mr Bola Tinubu, did not blame President Muhammadu Buhari for the current challenges in the country.
On Wednesday, during his campaign in Abeokuta, Ogun State, Mr Tinubu accused some powerful persons were behind the current scarcity of petrol in Nigeria, as well as the scarcity of the new Naira notes.
President Buhari is the Minister of Petroleum Resources, and fuel scarcity has remained for months under his watch. He also approved the redesigning of the Naira when Mr Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), brought the proposal to him.
But while speaking yesterday, Mr Tinubu said, “We will use our PVCs to take over government from them. If they like, let them create a fuel crisis; even if they say there is no fuel, we will trek to vote.
“They are full of mischief, they could say there is no fuel. They have been scheming to create a fuel crisis but forget about it. Relax, I, Asiwaju, have told you that the issue of fuel supply will be permanently addressed,” he said at the campaign rally.
“Whoever wants to eat the honey embedded in a mountain won’t worry about the axe. Is that not so? And if you want to eat palm kernel, you would bring a stone and use it to break it; then the kernel will come out. It’s not easy to…
“Let them increase the price of fuel, let them continue to hoard fuel, only them know where they have hoarded fuel, they hoarded money, they hoarded naira; we will go and vote, and we will win even if they changed the ink on Naira notes. Whatever their plans, it will come to nought,” he added.
His comments generated mixed reactions, with some commentators saying he was indirectly indicting Mr Buhari for the crisis facing the country.
But Mr Onanuga rebuffed this, saying the opposition Peoples Democratic Party (PDP) was plotting to “create a wedge between our presidential candidate and President Muhammadu Buhari.”
According to him, the former Governor of Lagos State was only empathising “with the Nigerian people facing the dual crises of fuel and new Naira notes scarcity.”
“For the records, Asiwaju Tinubu, during the APC campaign rally at Abeokuta on Wednesday, in his statement, did not mention, blame or accuse President Muhammadu Buhari for the current challenges in the country.
“Asiwaju Tinubu was only adverting the government’s attention to the sabotage being carried out by some Fifth Columnists in the system, possibly working in cahoots with the PDP.
“The CBN officials, including Governor Godwin Emefiele, have said many times that enough new Naira notes have been supplied to the banks, yet our people complain that they have not been able to get the new notes.
“In recent days, many ATMs are either not working, or when working, they are dispensing the old notes, just a few days to the January 31 deadline.
“Similarly, Asiwaju Tinubu is aware of the salutary efforts by President Buhari to end the fuel queues by chairing a 14-man panel. Yet the queues and agony continue.
“For a presidential candidate, who cares about the suffering of our people, he has a duty to warn the government that its efforts to make life better for Nigerians are being sabotaged on several fronts.
“Our presidential candidate only re-echoed what is well known and acknowledged, even by President Buhari himself, at different fora: That there are Fifth Columnists in and outside of government who often throw spanners in the works against good intentions and programmes of the government.
“How does an advisory genuinely made by Asiwaju Tinubu to protect and create goodwill for the government of his party become an attack? It can only be so in the jaundiced view of the PDP,” a part of the statement issued on Thursday said.
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.
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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