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Naira Swap :“bear this moment with equanimity”. Gbajabiamila faults the decision of the FG to disregard the Supreme Court order

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…says policy implementation poor

…adds it’s unclear what interest is being served

The Speaker of the House of Representatives Rep. Femi Gbajabiamila on Thursday faulted the decision of the Federal Government to disregard the Supreme Court order on the issue of currency swap.

It will be recalled that the apex court had last week given an order for the old 1000, 500 and 200 Naira notes to remain legal tender pending the determination of a case brought before it by some state governors.

On Wednesday, the apex court also reiterated its order and adjourned the matter to February 22.

On Thursday morning, President Muhammadu Buhari, in a nationwide broadcast, said he had instructed the Central Bank of Nigeria (CBN) to reintroduce the old N200 note until April 10, 2023, while the old N1000 and N500 have stopped being legal tender.

Reacting in a statement he personally signed in Abuja on Thursday, Gbajabiamila said though the president’s directive was a step in the right direction, the Federal Government could not afford situations that “suggest a wanton disregard for the rule of law.”

“This morning, President Muhammadu Buhari, GCFR, announced that he has authorized the Central Bank of Nigeria (CBN) to reintroduce the old N200 notes into circulation, pending when the Bank can make sufficient amounts of the new currency available. This is a step in the right direction, and I hope it helps curb Nigerians’ suffering.

“However, the decision still falls short of the order of the Supreme Court that the old currencies remain legal tender pending the adjudication of a pending suit brought by state governments on the legality of the policy and its implementation.

“It is not to the benefit of our country for the Federal Government to act in ways that suggest a wanton disregard for the rule of law. It will be better for us to strictly adhere to the court’s order in this matter pending the adjudication of the substantive suit,” he said.

Gbajabiamila however urged the citizens to “bear this moment with equanimity.”

He also urged the people to desist from actions capable of causing the break down of law and order.

“For the sake of our country, we must work together to resist actions that escalate tensions and endanger our democracy at this crucial moment of national awakening and rebirth.

“In all things, let the well-being of our fellow citizens and the survival of our nation be foremost in our hearts and guide all the decisions we make in this historic moment”, the speaker said.

Bemoaning the current situation in the country, Gbajabiamila added that “citizens and visitors are experiencing grave and unnecessary hardship across our country. They spend hours and days queuing at banks and teller machines to receive stipends of their own money to afford life’s necessities.

“This situation is a consequence of the flawed implementation of the naira redesign policy by the Central Bank of Nigeria (CBN). It is also the result of decisions made by the Central Bank’s Governor, Mr Godwin Emefiele, to refuse counsel, be guided by precedent or abide by the decisions of superior courts.”

He said Section 20(3) of the CBN Act, 2007 provided the statutory authority for the apex bank to initiate and implement policies for the recall of Nigerian currency, stressing that based on the provisions of the law, there were 3 conditions precedent for the CBN to recall existing Naira notes.

“The first is that the permission of the President must be obtained, and the second is that reasonable notice shall be given. The third is that the Central Bank of Nigeria shall pay the face value of the recalled currency upon receipt.

“Whereas reasonable people may disagree as to whether sufficient notice was given for the implementation of this policy, it is evident that the Central Bank of Nigeria (CBN) has failed woefully in its statutory obligation to pay the face value of the recalled currency in the form that is useful to the citizens whose current suffering could have been avoided.

“The current scarcity of cash is happening because the Central Bank of Nigeria (CBN) did not sufficiently replace the old currency it pulled out of circulation across the country. This created an artificial scarcity that put significant additional pressure on the already epileptic electronic banking channels, resulting in a near-complete collapse of trade in the country.

“Businesses cannot operate because neither they nor their customers have access to cash, and electronic banking platforms appear to have uniformly collapsed. It is unclear what interest is served by persisting in this erroneous course towards an unfolding economic disaster that the country cannot afford. The ongoing devastation of livelihoods is bound to have consequences long after this moment has passed.

“It is disheartening that the Central Bank of Nigeria (CBN) has resolutely refused to admit error and change course in the face of mounting evidence that the implementation of this policy has been a devastating failure.

“It is deeply troubling that neither the intervention of the National Council of State nor an order of the Supreme Court is sufficient to cause the Governor of the Central Bank of Nigeria (CBN) to review the decisions that have brought us to this entirely avoidable moment”, Gbajabiamila said.

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TUNJI BELLO – THE GIFT THAT BUILDS FUTURE, Says Segun OLULADE

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In a world where celebrations are often measured by extravagant parties and fleeting moments of applause, Mr. Tunji Bello, an illustrious son of Lagos and proud alumnus of Lagos State University (LASU), has chosen a different and far more meaningful path.

His decision to donate a befitting auditorium to LASU’s Epe Campus is not just an act of generosity—it is a gift of legacy, one that will serve generations and continue to echo long after the music of birthday celebrations has faded.

As an indigene of Epe and fellow alumnus of LASU, I, Hon. Segun Olulade, feel an overwhelming sense of pride and gratitude for this uncommon gesture. In choosing to immortalize his milestone birthday by giving back to his alma mater, Mr. Bello has shown the world what it means to truly live for others.

He could have spent lavishly on personal celebrations, but instead he turned the spotlight away from himself and placed it firmly on education, youth development, and community growth. That is the mark of true greatness.

What makes this story even more inspiring is the sacrifice behind the scenes. Mr. Bello did not simply write a cheque. He converted birthday gifts into seed funding, sold his own property to sustain the vision, and held firm to his conviction that education is the best legacy one can bequeath.

This is not charity—it is vision, it is leadership, it is a demonstration of courage to prioritize posterity over personal comfort.

For us in Epe, this auditorium is more than brick and mortar. It is a beacon of hope, a symbol that greatness often rises from within our own soil.

For LASU, it is an enduring platform that will nurture leaders, thinkers, and innovators who will shape the destiny of our nation. And for Lagos State, it is another shining example of the transformative power of giving back.

I therefore celebrate and commend Mr. Tunji Bello for this act of uncommon generosity. His name is now etched not only in the history of LASU but in the hearts of every student who will pass through that hall, daring to dream and achieve.

Egbon Tunji Bello, you have written your name in gold.

Hon. Segun Olulade Eleniyan
Executive Director Customer Centricity and Marketing Galaxy Backbone Ltd.

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TINUBU’S ECONOMIC REFORMS: WHEN FACTS SPEAK, PROPAGANDA TREMBLES- SEGUN OLULADE

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It is becoming increasingly difficult for even the most hardened critics to deny that President Bola Ahmed Tinubu’s economic reforms are working. In fact, one wonders how long they will continue to close their eyes while respected global voices and real-time results keep pointing to the obvious truth.

Recently, the Director-General of the World Trade Organization, Dr. Ngozi Okonjo-Iweala, a Harvard-trained economist, lauded President Tinubu for stabilizing Nigeria’s economy. According to her, there can be no growth without stability, and Tinubu has laid that crucial foundation.

She further revealed that Nigerian women stand to benefit immensely from the WTO-ITA women’s economic funding opportunities — another dividend of a government that knows where it is going.

As if that validation was not enough, former CBN Governor and first-class economist, Prof. Charles Soludo, also declared that Nigeria is moving in the right direction under Tinubu. Even CNN could not resist admitting on August 4, 2025, that Nigeria is experiencing its best economy in a decade under this administration. These are not APC praise-singers, but global voices with credibility that propaganda merchants cannot wish away.

Yet, while intellectual heavyweights and international institutions are affirming Nigeria’s progress, some opposition figures keep playing the role of comedians in the marketplace of ideas.

One wonders how a man whose only credential is being a “petty trader” and second-class philosophy graduate believes he is better placed to lecture Nigeria on economics than world-renowned experts. But then again, mischief has always thrived where knowledge is scarce.

Beyond these validations, Nigerians themselves are speaking loudly at the ballot box. The just-concluded bye-elections tell the story better than any press release. APC defeated Atiku right in his backyard, Adamawa.

The party consolidated victories across Jigawa, Edo, Ogun, Kogi, Niger, and Kaduna, even gaining new ground in Southern Kaduna. In Kano, APC held firm, and in Zamfara, the victory margin already in the bag is more than enough to deliver the state. These are not coincidences — they are a political referendum on Tinubu’s leadership.

Those peddling the fantasy that 2027 will be APC versus Nigerians need a serious wake-up call. Unless Nigeria suddenly decides to abandon the very gains of democracy it has long anticipated, the ruling party will once again coast to victory — loud and clear.

Nigerians cannot afford to return to square one, throwing away years of sacrifice on the altar of reckless experimentation with individuals who have nothing new to offer.

The truth is simple: the people are embracing Tinubu, and the opposition is losing. It’s not complicated — Nigerians know exactly where their future lies.

President Tinubu’s reforms are not just working; they are winning hearts, winning minds, and winning elections. Facts, as they say, are stubborn things.

By Hon. Segun Olulade Eleniyan
Executive Director Customer Centricity and Marketing Galaxy Backbone Ltd

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2027 Election : Tinubu,Delivers in the North: Rail Expansion, N20bn for 4,300 PHCs, and an End to ‘Briefcase’ Farmers – Northern Leaders Applaud

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The North yesterday rated the performance of the President Bola Ahmed Tinubu Admistration high.

The rating came after submissions by members of the Federal Executive Council (FEC) and key government officials.

They include the National Security Adviser (NSA) Nuhu  Ribadu, Chief of Defence Staff (CDS) Gen. Christopher Musa, and governors, such as Chairman Northern States Governors’ Forum, Inuwa Yahaya (Gombe) and host Governor Uba Sani (Kaduna).

Part of the communiqué made available after the sessions said participants:

     Called for substantial investment in education to address the out-of-school children crisis, especially in the North.

Summing up the outcome of the event, Minister for Information and National Orientation, Mohammed Idris, said: “The verdict from most northern opinion leaders, technocrats, and academics, amongst others, is that the Tinubu Administration is a pro-North in all ramifications – from appointments to spending on the region in infrastructure, health, education, agriculture, livestock, housing, and the unprecedented opportunity it offers for the northern youth.

“The ministers and heads of parastatals who attended the event performed creditably in communicating the achievements of President Tinubu.”

Four ministers – Atiku Bagudu (Budget and National Planning), Muhammad Ali Pate (Coordinating Minister, Health and Social Welfare), Saidu Alkali (Transportation) and Aliyu Abdullahi (Minister of State for Agriculture and Food Security) took turns yesterday to reel out what the government had done.

They provided proof that the North had fared well under the Tinubu Administration.

The event served as a platform to assess the administration’s performance and renew calls for more inclusive and transparent governance.

The communiqué reads: “In line with its objective of deepening dialogue between critical stakeholders and the public to drive inclusive decision-making, the Sir Ahmadu Bello Memorial Foundation (SABMF) hosted a two-day interactive session on Government-Citizen Engagement themed ‘Assessing electoral promises: Fostering Government-Citizen Engagement for National Unity’  at the Arewa House, Kaduna, from 29th to 30th July 2025.

“The Chairman of the Governors’ Forum, HE Abdulrahman Abdulrazaq, represented the President, HE Bola Ahmed Tinubu, GCFR, while Dr. Aliyu Modibbo Umar, Special Adviser to the President on Special Duties (Office of the Vice President), represented HE Vice President Kashim Shettima, GCON.

“The Kaduna State Governor, HE Senator Uba Sani, served as the chief host. The Chairman of the Northern States Governors Forum (NSGF), HE Inuwa Yahaya, was also in attendance as a special guest.

“The engagement featured representatives of the Federal Government, led by the Secretary to the Government of the Federation (SGF), Senator George Akume and included the National Security Adviser, members of the Federal Executive Council, heads of federal agencies, Chief of Defence Staff and security chiefs from the Northern part of the country.

“The event brought together government officials, security agencies, civil society organisations, academics, traditional and religious leaders, private sector representatives, and development partners to deliberate on electoral promises, governance, and strategies to strengthen citizen engagement for national unity.

“In attendance, also, were the leaderships of the Sir Ahmadu Bello Memorial Foundation, led by HE Muazu Babangida Aliyu, CON and the Arewa Consultative Forum, led by Alhaji Bashir Dalhatu,

“In addition to opening remarks and goodwill messages, the Foundation acknowledged the graciousness of President Bola Ahmed Tinubu in sending a high-powered delegation to the interaction, continuing the tradition of engagement that began with the October 17, 2022 session, as part of engagement with the 2023 presidential candidates.

“The keynote address, delivered by Prof. Tijjani Mohammed Bande, GCON underscored critical regional and national challenges, which, he said, were not in isolation from international events.

“Citing examples with other countries, he said Nigeria has shown resilience in tackling insecurity, poverty, and educational deficits. He advised the North to develop a mechanism for negotiating its interests within Nigeria that should be anchored on holistic national development goals.

“The interactive session reflected Northern Nigeria’s position, emphasising the region’s central role in sustaining Nigeria’s political stability and economic growth, and recognising its overwhelming electoral support for the victory of President Bola Ahmed Tinubu.

“The session also featured plenary discussions across thematic areas of national security, governance and economy, agriculture and food security, infrastructure development, and human capital development.

“Stakeholders commended the government’s high and commendable performance in fulfilling many of its electoral promises, particularly in security, infrastructure, and economic reforms.

“At the end of the exhaustive and frank conversations over the two days, the summit makes the following observations and resolutions:

•The government demonstrated openness to dialogue and continuous citizen engagement.

•The administration’s delivery of electoral promises in security, infrastructure, and economic reforms was high and commendable.

•Northern Nigeria contributes significantly to national stability, development, and electoral outcomes.

•The problem of Almajiri and out-of-school children remains a key concern of Northern Nigeria.

•Equitable resource distribution is essential to address regional imbalances.

•Major infrastructure projects are advancing, including highways, gas pipelines (AKK), oil exploration (Kolmani), and rural irrigation schemes.

•Agricultural value chains and rural industrialisation are crucial for employment and food security.

Ongoing economic and security reforms require inclusive and non-kinetic approaches.

•Strengthened federal-state collaboration is essential for regional prosperity.

•Made a case for institutionalised periodic government-citizen dialogue platforms at the national and state levels.

•Commended the government’s high performance in delivering electoral promises in many areas, especially security, infrastructural development

•Praised the increased equitable resource availability to

•Urged substantial investment in education to address the out-of-school children crisis, especially in the North.

•Called for increased and accelerated infrastructural development in Nigeria; strengthening of agricultural value chains, livestock development, and establishing agro-allied industries for economic diversification;

•Continued support for economic and security reforms with inclusive, community-driven, non-kinetic methods.

•Engage civil society, traditional, and religious leaders in policy advocacy and public mobilisation.

•Promote responsible media practices to enhance public trust and national cohesion.

•Foster regional collaboration among Northern states to drive greater interface with the federal government.

“The summit concluded that Northern Nigeria acknowledges and commends the administration’s high performance in fulfilling its electoral promises in many areas and also appreciates subsisting challenges.

“Participants called for more commitment to transparency, fairness and equity as elements that would foster national unity and sustenance of our democracy.

“They further call for continued collaboration among government, citizens, and all stakeholders as the surest path to peace, justice, and prosperity in Nigeria.”

It was signed by Director General SAMF Abubakar Gambo Umar.

Chairman of the Foundation’s Board of Trustees, former Niger State Governor Dr. Mu’azu Babangida Aliyu, called on the North elite to rise above political differences and reclaim their collective responsibility toward regional progress.

He lamented the erosion of shared values and fragmentation of leadership voices in the region, noting that, unlike in the past, today’s political class has failed to speak with one voice or uphold the legacy of unity and vision exemplified by leaders like Sir Ahmadu Bello.

Dr. Aliyu acknowledged the significant presence of Northerners in the current administration, stressing the need for the region to rally behind those in government and reminding them that they represent broader Northern interests, not just personal ambitions or party lines.

“No politician from the North can claim today that we don’t have people in government.

“What we need is to own them, guide them, and ensure they act in our collective interest,” Aliyu said.

N20b spent on 4,300 PHCs in North

Coordinating Minister of Health and Social Welfare, Pate, said:  “The Federal Government, through the Basic Health Care Provision Fund, had disbursed over N20 billion for the funding of 4,362 PHC centres across the 19 Northern states and FCT, over the last two years.

“At least 274 projects had been executed across 35 tertiary hospitals in the Northern part of the country, serving over 4.5 million outpatients and 1.6 million inpatients.

“The President Bola Tinubu-led administration is committed to improving national health outcomes and matched words with action, with the provision of health infrastructure across all levels of healthcare delivery nationwide.”

Kaduna–Kano Rail project ready next year

Transportation Minister Alkali described the North as one of the biggest beneficiaries of the Tinubu Administration’s infrastructure drive.

He assured that the Kaduna–Kano standard gauge rail project, which was at 15 per cent stage in May 2023,  would be completed next year.

According to him, the Kano–Maradi rail line had also seen massive progress, moving from five per cent to 61 per cent completion, with sections of the Port Harcourt–Maiduguri narrow gauge rail corridor also underway.

He added that the ministry has also begun the rehabilitation of the Lagos–Kano narrow gauge line to support freight movements and bring the inland dry ports into full use, particularly in Kano and Kaduna.

The minister described the Sokoto–Badagry Superhighway, a 1,068-kilometre  stretch linking Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, as one of the signature projects of the government.

“The North is not left out. It is reaping big from this government’s infrastructure revolution. From roads and rail to inland ports and power, the evidence is on the ground,” Alkali said.

No more briefcase farmers, says Senator Abdullahi

Minister of State for Agriculture and Food Security Aliyu Abdullahi said the Tinubu Administration met the food crisis in the country but responded with bold, data-driven initiatives.

“We are ensuring that only genuine farmers benefit from government programmes. No more briefcase farmers,” he declared.

The minister added that the declaration of a state of emergency on food security was still in effect, as the government continues to deploy measures aimed at increasing production, stabilising prices, and improving access to food.

“Our priority is simple: ramp up production, reduce food prices, and ensure equitable access to support.

“We met a food crisis and responded with data-backed, targeted actions,” Abdullahi said.

He said that the Agro-Pocket initiative alone cultivated over 133,000 hectares of wheat across 15 states in the North — exceeding the initial target of 130,000 hectares — with Jigawa accounting for over 50,000 hectares.

According to him, rice farmers have also been supported through a plan targeting 44,500 producers, and this is being backed by robust extension services to address the unacceptable extension-to-farmer ratio of 1 to 25,000.

Abdullahi said one of the key steps taken was  the development of a farmer data audit and registry to eliminate middlemen and “briefcase contractors.”

In the livestock sector, he said, government interventions included the development of grazing reserves, livestock villages, transit shelters, and the ongoing formulation of a national dairy policy.

Abdullahi called on North’s leaders and communities to reject impostors who manipulate the system and short-change real farmers.

Minister of State for Works, Bello Muhammad Goronyo, described the Sokoto–Zaria Highway as a vital economic corridor.

He said four contractors were currently on site along the stretch.

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