news
2023 : Bola Tinubu share Part of his Manifesto’s at KadInvest, he promised to build a vibrant economy that will achieve double-digit Economic growth
…says Kaduna people will reap El-Rufai’s economic efforts
All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu, has promised to build a vibrant economy that will achieve a double-digit growth when he becomes Nigeria’s president.
Asiwaju Tinubu said this in his speech at the 7th edition of Kaduna Economic and Investment Summit (KadInvest 7.0) on Saturday in Kaduna.
The APC presidential flagbearer hailed Kaduna State Governor Nasir el-Rufai for raising the bar in attracting investments to the state the same way he did in Lagos over 20 years ago.
“It is a great honour for me to be invited to give a speech on this occasion and it was a great pleasure listening to Governor Nasir El-Rufa’i as he shared with us the vision of how Kaduna State will attract and sustain investments.
“I would like to congratulate Kaduna State on this special occasion of the 7th edition of Kaduna Economic and Investment Summit (KadInvest 7.0). The theme for this year – Building a Resilient Economy – is very timely and appropriate. In a period of uncertainty in the global economy, it is important that we pursue a path of economic independence and insulation from global headwinds.
“I am particularly happy to be in an economic summit such as this. It reminds me of when we initiated Ehingbeti Lagos Economic Summit more than 20 years ago in Lagos State. Through the summit, Lagos State has been able to deliver landmark developmental projects in power generation, critical road infrastructure, street lightning, and clean energy initiatives, amongst others.
“Therefore, I am sure that under the able leadership of Your Excellency, Governor Nasir Ahmad El-Rufa’I, the leadership of the KADIPA, and subsequent administrations, Kaduna State will successfully collaborate with the private sector to usher in the investments in the priority sectors of technology, agriculture, manufacturing, infrastructure and solid minerals. These investments will in turn drive rapid economic growth and prosperity, providing jobs and opportunities for the good people of Kaduna State,” Tinubu said.
On the role of the private sector in the country’s economic development, Tinubu praised President Muhammadu Buhari for giving maximum support to them to flourish.
According to him, laws put in place by the Buhari administration helped to improve the ease of doing business in the country.
He said if elected, his administration will build on this, making it better for the private sector to excel.
“A vibrant private sector is a prerequisite for a functional state, playing a critical role in the mobilisation of capital, expertise and innovation for the creation of economic opportunities and employment. This is why it is important for the government to give maximum support and incentives to the private sector.
“In this light, President Muhammadu Buhari’s administration introduced a number of measures targeted at promoting private enterprises and businesses including the Repeal and Re-Enactment of the Companies & Allied Matters Act (CAMA), 2020, the passage of the Finance Act 2021, as well as the implementation of over 100 initiatives to improve ease of doing business in Nigeria.
“My desire is that the next administration, under my leadership, will continue to drive forward and accelerate on the progress made thus far, taking bold steps and initiatives to encourage investments in new areas typically considered risky, and leading the way by providing the enabling environment to nurture our innate entrepreneurial spirit.
“It is essential that our nation continues to champion the rule of law and sanctity of contracts, for these are the pre- requisites for creating a business-friendly economic environment.
“Whilst there must be active engagement between all the arms of government for the rule of law to prevail, it is critical for the judiciary to retain its autonomy and independence.
“Therefore, under my stewardship, the federal government will build on the efforts of the current administration to review, amend and/or enact the relevant laws that will engender the rule of law.
“My administration would ensure that the judiciary has true financial and administrative autonomy and strong disciplinary and integrity monitoring mechanisms,” Asiwaju Tinubu added.
He itemised his administration’s plans for the ensuring security returns to the country, stating the role of a secured nation in economic growth and development.
He noted that his administration will prioritise the training and retraining of the country’s security forces.
“We will be committed to introducing cross-sector initiatives that will address the economic and social constraints that prevent people from advancing or opting for crime.
Under my leadership, the government will place great emphasis on the use of a counter-insurgency doctrine and strategy by our military. We will continue to train and equip our gallant forces and security personnel with the resources, gear, and equipment that they need to hasten our inevitable march to resounding victory against enemies of our great nation. Where necessary, we will recruit and train more personnel to bridge any gaps in manpower.
“Furthermore, my administration will prioritise the use of superior aerial technology to deter criminal and terrorist activities, as well as to monitor and protect our critical national infrastructure including our network of pipelines, our power stations, our transmission and distribution networks, our sea and airports, our rail networks and other vital infrastructure,” he added.
“I will marshal a team of the most talented of Nigerians – men, women and youths – no matter their tribe and affiliations, to reset our nation on a path to achieve double-digit economic growth within a couple of years. We will do this through a coordinated set of policies in key sectors.
“We will champion an efficient government that will eliminate revenue and expense leakages across all federal government areas, leveraging technology, which will be increasingly embedded into government operations.
“In oil & gas, we will prioritise gas distribution and availability to power our industries.
“In agriculture, we will provide incentives for investments, machinery and equipment, expand and empower commodity boards, enhance our strategic grains reserves, encourage the formation of farm cooperatives and expand the scope and depth of access to finance for our farmers.
“In housing, we will introduce policies that will make it easier to transfer title and carry out transactions on landed properties. We will work with the private sector to significantly expand mortgage financing and we will provide credits and incentives to encourage real estate developers.
“We will collaborate with key technology partners to develop policies that promote the use and integration of technology across other sectors within the nation. We will work to accelerate the work that is being done with the private sector to train our youth and promote innovation through sponsored incubator hubs and science technology parks.
![]()
The APC candidate urged all Nigerians to join hands with him to work together to achieve the collective vision of building the Nigeria of our dreams.
news
Humanity, Leadership and Legacy: Ooni of Ife Celebrates Prince Eludoyin at 78
![]()
The Permanent Chairman of the Southern Nigerian Traditional Rulers Council (SNTRC), Arole Oodua Olofin Adimula and the Natural Head of the Oduduwa race worldwide, the Ooni of Ife, Ooni Adeyeye Enitan Ogunwusi, CFR, Ojaja II, has celebrated renowned businessman and illustrious son of Ile-Ife, Prince Eludipo Elusanmi Eludoyin, on the occasion of his 78th birthday.
In a statement on Monday released by the Director of Media and Public Affairs, Ooni’s Palace, Otunba Moses Olafare, the Ooni who is also the Permanent Co-chairman of the National Council of Traditional Rulers of Nigeria (NCTRN) described Prince Eludoyin as one of the shining lights of Ile-Ife whose life has remained dedicated to hard work, service to humanity and the growth of Nigeria’s economy.
The Ooni praised the Ife-born business mogul for his remarkable achievements in the international business community, noting that his contributions through Paragon Holdings Limited and other business platforms have created employment opportunities for thousands of people while also supporting meaningful development projects within and outside Nigeria.
Ooni Ogunwusi said Prince Eludoyin’s impact goes beyond business, describing him as a man who has consistently used his success to uplift people and support communities through various philanthropic activities.
According to the Ooni, the celebrant’s humility, wisdom and commitment to humanity have earned him respect across different sectors both in Nigeria and abroad.
The royal father also acknowledged Prince Eludoyin’s longstanding relationship with President Bola Ahmed Tinubu, describing the celebrant as a trusted confidant and loyal friend whose influence and experience continue to contribute positively to national development.
“Prince Eludoyin is a pride to Ile-Ife and the Yoruba race. His life story is one of vision, resilience and service. At 78, he remains a source of inspiration to younger generations who desire success built on integrity, excellence and compassion,” the Ooni stated.
The Ooni prayed for more years of sound health, peace, strength and continued accomplishments for the elder statesman as he continues to serve humanity and contribute to the progress of society.
news
Between Hope and History: What Nigerians Expect from Tegbe as Power Minister
![]()
By Michael Olukayode
For decades, electricity has remained Nigeria’s most enduring national embarrassment. From military administrations to democratic governments, promises of stable power supply have come and gone with little to show beyond recurring darkness, collapsing grids, abandoned projects and rising public frustration.
Now, with the appointment of Joseph Olasunkanmi Tegbe as Minister of Power, expectations are once again rising. Yet unlike in previous eras, Nigerians are no longer impressed by ambitious declarations. They are demanding results.
The question confronting Tegbe is not whether he understands the scale of the crisis. It is whether he can succeed where many before him failed.
Nigeria’s electricity sector is littered with the ruins of grand promises.
From the Olusegun Obasanjo administration’s multi-billion dollar National Integrated Power Projects (NIPP), to the Goodluck Jonathan-era privatisation of generation and distribution companies, successive governments repeatedly promised that stable electricity was around the corner. Under former President Muhammadu Buhari, Nigerians were told that the Siemens-backed Presidential Power Initiative would revolutionise transmission and distribution. The current administration of President Bola Ahmed Tinubu also pledged sweeping reforms, improved generation and a more efficient market-driven electricity sector.
Yet millions of Nigerians still rely on generators as their primary source of power.
The irony remains painful: Africa’s largest economy continues to generate barely between 4,000 and 5,000 megawatts for over 200 million people, despite an installed capacity exceeding 13,000MW.
Entire industries have collapsed under the burden of self-generated electricity. Small businesses spend more on diesel than on salaries. Manufacturers complain of rising operational costs. Students study under torchlights. Hospitals struggle to preserve vaccines and operate life-saving equipment. For many Nigerians, electricity is not merely an infrastructure issue; it is the dividing line between poverty and productivity.
That is why Tegbe’s appointment comes with enormous pressure.
Unlike many previous political appointees in the sector, Tegbe comes into office with the image of a technocrat rather than a career politician. A chartered accountant and management consultant, he built his reputation in the private sector through years of corporate advisory work, investment strategy and institutional restructuring. He previously served as the Director-General and Global Liaison for the Nigeria-China Strategic Partnership, where he was credited with helping to deepen investment engagement between Nigeria and Chinese investors in infrastructure, manufacturing and industrial development initiatives.
Before that appointment, Tegbe had a long corporate career spanning consulting, finance and business transformation. He worked with multinational consulting firm Deloitte and later became a senior business strategist with extensive experience in public-private partnerships, governance systems and economic planning. Supporters argue that this background gives him a better understanding of the financial and structural complexities that have crippled Nigeria’s power sector for years.
His defenders also point to his record in economic coordination and institutional reforms, arguing that the electricity crisis is no longer just a technical problem but a management and governance challenge requiring strategic execution, investor confidence and policy discipline.
At his Senate screening, Tegbe outlined a reform agenda focused on improving gas supply, strengthening grid reliability, accelerating metering, enforcing accountability among distribution companies and restoring financial discipline across the sector.
Those priorities are significant because Nigeria’s electricity crisis is no longer just about generation. The problems are systemic.
Generation companies complain of unpaid debts and inadequate gas supply. Distribution companies struggle with huge financial losses, weak infrastructure, electricity theft and poor revenue collection. Transmission infrastructure remains fragile and outdated, leading to frequent system collapses and stranded power capacity.
The national grid itself has become symbolic of institutional weakness. Grid collapses have repeatedly plunged large sections of the country into darkness, disrupting businesses and exposing the fragility of the system. Regulatory reports continue to show wide gaps between installed generation capacity and actual available electricity supply.
For many Nigerians, these recurring failures have destroyed public confidence.
Citizens openly question whether government officials genuinely intend to solve the crisis or merely manage it politically. Some blame corruption and weak regulation; others argue that decades of policy inconsistency and poor implementation are the real culprits.
That skepticism explains why Tegbe’s promises are being greeted with cautious optimism rather than celebration.
Still, his supporters believe he enters office with certain advantages. His experience in corporate restructuring and investment negotiations may prove useful in a sector desperate for efficiency, investor confidence and credible execution. But technical knowledge alone will not solve Nigeria’s electricity crisis.
What the sector requires most is political courage.
Any meaningful reform will involve difficult decisions: enforcing payment discipline, restructuring failing distribution companies, addressing subsidy distortions, improving tariff transparency, tackling electricity theft and compelling stronger private sector accountability. These reforms are politically sensitive because electricity affects every household and business in the country.
The minister must also confront the deeper institutional problem that has undermined previous reforms — weak governance.
Over the years, billions of dollars have reportedly been invested in power infrastructure with minimal impact on supply. Projects are often launched with fanfare only to disappear into bureaucratic delays, contractual disputes or funding crises. Nigerians have grown weary of ceremonial commissioning without measurable outcomes.
That is why measurable targets will matter more than speeches.
If Tegbe hopes to build public trust, Nigerians will expect clear timelines, transparent reporting and visible improvements in supply stability. Citizens want fewer excuses and more accountability. They want to know why power plants cannot get gas despite Nigeria’s enormous natural gas reserves. They want to know why transmission bottlenecks continue years after repeated intervention programmes. They want to know why estimated billing still persists despite promises of mass metering.
Most importantly, they want leadership that acknowledges that electricity is central to national development.
No serious industrial economy can thrive in darkness.
Countries that transformed their economies invested heavily in stable electricity infrastructure. Without reliable power, Nigeria’s ambitions for industrialisation, digital innovation, manufacturing growth and foreign investment will remain severely constrained.
The challenge before Tegbe therefore goes beyond fixing transformers or stabilising the grid. His real assignment is to restore credibility to a sector where public trust has nearly collapsed.
There are signs that structural reforms may finally be gaining momentum. The Electricity Act 2023 has opened the door for states to develop independent electricity markets, reducing overdependence on the fragile national grid. Several states are already moving toward decentralised power arrangements.
But Nigerians have heard reform language before.
What they seek now is evidence.
The success or failure of Tegbe’s tenure may ultimately depend on one simple question: can his administration deliver stable and predictable improvement, even if gradual?
If he succeeds, he could become the minister who finally begins the long-delayed transformation of Nigeria’s electricity sector.
If he fails, he risks joining a long list of officials whose promises disappeared into the darkness Nigerians know too well.
news
Ekiti North Residents Reject Fasuyi, Fault Repeated Claims Against Tinubu on Project Funding
![]()
……Stop Using Governor Oyebanji’s Name” — Orin Ora
…….Ward Fires Warning Over Fasuyi Endorsement
Fresh political tension reportedly erupted in Orin Ora Ward, Ido/Osi Local Government Area of Ekiti State, as aggrieved party members and residents allegedly rejected the re-election bid of Senator Cyril Fasuyi over what they described as “three years without visible development.”
The protest mood in the ward was said to have intensified following claims that the senator had repeatedly blamed President Bola Ahmed Tinubu for not funding constituency projects and budget allocations.
According to sources within the ward, residents expressed frustration over what they called “unfulfilled promises, lack of empowerment, and absence of meaningful projects” since the senator assumed office.
Political stakeholders in Orin Ora Ward were also said to have rejected alleged attempts to impose Senator Fasuyi on the people ahead of the 2027 elections.
“There is no Sakamaje endorsement here. Orin Ora Ward cannot be forced into supporting any candidate,” a party source reportedly declared.
The stakeholders further warned against dragging the name of Governor Biodun Oyebanji into what they described as “political imposition tactics.”
Residents reportedly insisted that any endorsement must reflect the genuine wishes of the people and not political pressure from powerful interests.
![]()
-
news6 years agoUPDATE: #ENDSARS: CCTV footage of Lekki shootings intact – Says Sanwo – Olu
-
lifestyle6 years agoFormer Miss World: Mixed reactions trail Agbani Darego’s looks
-
health5 years agoChairman Agege LG, Ganiyu Egunjobi Receives Covid-19 Vaccines
-
lifestyle5 years agoObateru: Celebrating a Quintessential PR Man at 60
-
health6 years agoUPDATE : Nigeria Records 790 new cases of COVID-19
-
health6 years agoBREAKING: Nigeria confirms 663 new cases of COVID-19
-
entertainment1 year agoAshny Set for Valentine Special and new Album ‘ Femme Fatale’
-
news12 months agoBREAKING: Tinubu swears in new NNPCL Board