Connect with us

news

New Year message : Tinubu, challenges governors, council bosses to join hands with Fed Govt on agriculture, tax reform

Published

on

President Bola Ahmed Tinubu this morning listed his goals for 2025, the top of which is to cut the cost of food and essential drugs.

In his New Year message, broadcast on national television and radio stations, he reaffirmed that his administration was determined to reduce inflation from 34.6 to 15 per cent.

He vowed to consolidate and increase access to credit for individuals and critical sectors to boost national economic output.

To achieve this, President Tinubu said the Federal Government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.

The target time for this is the second quarter.

Calling for citizens’ support, he said the National Values Charter already approved by the Federal Executive Council will be unveiled in the first quarter.

Also billed for the quarter is the Youth Conference.

The President had in his October 1 broadcast announced a plan to hold the conference in response to last August’s cost of living protest.

The President urged governors and council chairpersons to work closely with the Federal Government to harness opportunities in agriculture, livestock, and tax reforms.

According to President Tinubu, economic indicators point to a positive outlook.

He noted that fuel prices have gradually decreased, while foreign trade surpluses were recorded in three consecutive quarters.

He said foreign reserves have risen, adding that the Naira has strengthened against the dollar, “bringing greater stability”.

He also said the stock market’s record growth has generated trillions of naira in wealth.

To him, the surge in foreign investment reflects renewed confidence in the Nigerian economy.

President Tinubu said: “Nevertheless, the cost of food and essential drugs remained a significant concern for many Nigerian households in 2024.

“In 2025, our government is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies.

“We are resolute in our ambition to reduce inflation from its current high of 34.6 per cent to 15 per cent.

“With diligent work and God’s help, we will achieve this goal and provide relief to all our people.”

The President expects the National Credit Guarantee Company to begin operations before the end of the second quarter.

The company is a partnership between the Bank of Industry, the Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance Incorporated, the private sector, and multilateral institutions.

“This initiative will strengthen the confidence of the financial system, expand credit access, and support under-served groups such as women and youth.

“It will drive growth, re-industrialisation, and better living standards for our people,” the President said.

He stressed that to achieve national goals and objectives, citizens must become better and uncompromising in their devotion and allegiance to Nigeria.

This, he said, is because their moral rectitude and faith in the country are fundamental to the success of the Renewed Hope Agenda.

President Tinubu said: “In 2025, we will commit to promoting adherence to ethical principles, shared values, and beliefs under the National Identity Project.

“I will unveil the National Values Charter, already approved by the Federal Executive Council, in the first quarter of 2025.

“I will launch an ambitious national orientation campaign that fosters patriotism and love for our country and inspires citizens to rally together.

“The Charter will promote mutual commitments between the government and citizens and foster trust and cooperation among our diverse population and between the government and the citizens.

“As far-reaching and foundational as our reforms are, they can produce the desired outcomes only through shared common values and identities and unconditional love for our country.

“The Youth Confab will begin in the first quarter of 2025, a testament to our commitment to youth inclusiveness and investment as nation-builders.

“The Ministry of Youth will soon announce the modalities for selecting the conference’s representatives from our diverse, youthful population.”

The President thanked Nigerians for placing their confidence in him.

“Your trust humbles me, and I promise to continue serving you diligently and wholeheartedly,” he said.

“We will continue to embark on necessary reforms to foster sustainable growth and prosperity for our nation.

“I seek your cooperation and collaboration at all times as we pursue our goal of a one trillion-dollar economy. Let us stay focused and united.

“We are on the right path to building a great Nigeria that will work for everyone.

“Let us not get distracted by a tiny segment of our population that still sees things through the prisms of politics, ethnicity, region, and religion.”

He called on Nigerians to continue believing in themselves and keeping faith in our blessed country.

“Let me use this New Year’s message to urge our governors and local council chairpersons to work closely with the central government to seize emerging opportunities in agriculture, livestock, and tax reforms and move our nation forward.

“I commend governors who have embraced our Compressed Natural Gas initiative by launching CNG-propelled public transport.

“I also congratulate those who have adopted electric vehicles as part of our national energy mix and transition.

“The Federal Government will always offer necessary assistance to the states.

“To all citizens, your sacrifices have not been in vain over the past 19 months.

“I assure you they will not be in vain even in the months ahead. Together, let us stay the course of nation-building.

“The New Year will bring us closer to the bright future we all desire and the Nigeria of our dreams.”

House of Representatives Speaker Abbas Tajudeen said despite challenges, Nigerians should look ahead to a better 2025 with renewed hope.

In his New Year message, the Speaker expressed optimism that improvements will be seen in the new year.

In a statement by his Special Adviser on Media and Publicity, Musa Abdullahi Krishi, Abbas said: “In 2025, I am hopeful that positive changes will occur.

“Through the concerted efforts of the administration of President Tinubu, I believe we can address most of the current challenges we face as a nation.

“Let us remain hopeful and united as one people. Together, we will emerge stronger and triumph over our obstacles.”

Deputy Speaker, Benjamin Kalu, said the House would continue to work tirelessly to address the pressing issues that affect Nigerians.

He said in a statement: “We stand at the threshold of a new year, filled with promise and possibility.

“As we reflect on the triumphs and challenges of the past, we are reminded of the resilience and determination that define us.

“As we bid farewell to the past year and usher in a new one, I join my fellow citizens in reflecting on the progress we have made and the challenges we still face.

“I am proud of the significant legislative milestones we achieved in the past year, which have laid the groundwork for a brighter future for our nation.

“In the coming year, we will continue to work tirelessly to address the pressing issues that affect our citizens, from economic development and job creation to healthcare, education, and national security.

“We will also prioritise the passage of critical legislations that promote good governance, transparency, and accountability.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

news

JUST IN : N2.2bn Fraud, Court Upholds Ngige’s EFCC Bail, Insists on Senior Civil Servant as Surety

Published

on

The Federal Capital Territory High Court sitting in Gwarinpa, Abuja, on Thursday, granted a former Minister of Labour and Employment, Chris Ngige, to continue to enjoy the administrative bail earlier granted him by the Economic and Financial Crimes Commission.

The trial judge, Justice Maryam Hassan, made the order while delivering a ruling in the bail application filed and argued on behalf of the former minister by his lead counsel, Patrick Ikwueto (SAN).

Justice Hassan in the ruling directed Ngige to produce a surety who must be a director in the employment of the Federal Government and own a landed property.

Justice Hassan ruled that the surety is to deposit the title documents of the landed property, as well as his travel documents, with the court pending the time Ngige completes the retrieval of his own international passport.

The EFCC had previously granted Ngige bail on self-recognition and directed him to submit his travel documents to the commission, in addition to providing one surety.

 

 

Continue Reading

news

Breaking : Tinubu Removes NMDPRA Chiefs Farouk, Komolafe Over Sabotage, Corruption Allegations; Names Replacement

Published

on

 

The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, has resigned.

Similarly, his counterpart at the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe, has stepped down.

Based on the development, President Bola Tinubu has asked the Senate to confirm new chief executives for the two agencies.

The President’s request was contained in separate letters to the Senate on Wednesday.

This was announced in a statement issued by the President’s Special Adviser on Information and Strategy, Bayo Onanuga.

Both officials were appointed in 2021 by former President Muhammadu Buhari after the enactment of the Petroleum Industry Act.

According to the statement, Tinubu “has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.”

The statement noted that Eyesan, an economist and oil industry veteran, spent nearly 33 years at the Nigerian National Petroleum Company Limited and its subsidiaries.

She retired in 2024 as Executive Vice President, Upstream, and previously served as Group General Manager, Corporate Planning and Strategy.

Mohammed, a chemical engineer and former Managing Director of the Kaduna Refining and Petrochemical Company and the Nigerian Gas Company, has also served on several energy sector boards.

He recently emerged as an independent non-executive director at Seplat Energy.

“The two nominees are seasoned professionals in the oil and gas industry,” the statement noted.

Ahmed’s resignation comes amid a high-profile conflict with Africa’s richest man, Aliko Dangote, which drew national attention in December 2025.

The dispute arose from Dangote’s allegations that Ahmed and his family were living beyond their legitimate means, citing millions of dollars allegedly spent on overseas schooling for his four children.

Dangote petitioned the Independent Corrupt Practices and Other Related Offences Commission to investigate and prosecute Ahmed for abuse of office and corrupt enrichment, sparking a nationwide debate over regulatory oversight in Nigeria’s petroleum sector.

The NMDPRA chief dismissed Dangote’s claims as “wild and spurious,” insisting that he would rather defend himself before a formal investigative body than engage in public arguments.

The conflict, which traces its roots to 2024 when Ahmed criticised domestic refinery output—including Dangote’s refinery—prompted intervention by the House of Representatives, which summoned both parties to avoid destabilising the sector.

President Bola Ahmed Tinubu on Wednesday evening met with the embattled Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, at the State House, Abuja.

The meeting came amid allegations of financial impropriety made by industrialist and President of the Dangote Group, Alhaji Aliko Dangote, against the NMDPRA boss.

Dangote and Ahmed have been at odds for a while now over downstream petroleum regulation and the future of domestic refining in Nigeria.

At a press conference on Sunday at the Dangote Petroleum Refinery, Dangote accused the NMDPRA, under Mr Ahmed’s leadership, of economic sabotage, alleging that regulatory actions were undermining local refining capacity.

He claimed that the continued issuance of import licences for petroleum products was frustrating domestic refiners and deepening Nigeria’s reliance on fuel imports.

The billionaire industrialist further alleged that the regulator was colluding with international traders and petroleum importers to the detriment of local operators, accusations to which the NMDPRA has yet to publicly respond.

Mr Dangote also made personal allegations against the NMDPRA chief, claiming that Mr Ahmed was living beyond his legitimate means.

He alleged that four of Mr Ahmed’s children attend secondary schools in Switzerland at costs running into several millions of dollars, arguing that such expenditure raised concerns about conflicts of interest and the integrity of regulatory oversight in the downstream petroleum sector.

On Monday, Mr Dangote escalated the claims, accusing Mr Ahmed of corruption and misappropriation of public funds.

He alleged that about $5 million was spent on the secondary education and upkeep of the children over six years, with an additional $2 million on tertiary education, including an alleged $210,000 for a 2025 Harvard MBA programme for one of them.

The controversy deepened on Tuesday when Mr Dangote, through his lawyer, Ogwu Onoja, a Senior Advocate of Nigeria (SAN), petitioned the Independent Corrupt Practices and Other Related Offences Commission (ICPC), calling for Mr Ahmed’s arrest, investigation, and prosecution.

In the petition addressed to ICPC Chairman Musa Aliyu, Mr Dangote alleged that the NMDPRA chief “spent without evidence of lawful means of income amounting to over $7 million for the education of his four children” in Switzerland.

The petition reportedly included the names of the children, the schools attended, and detailed figures for verification.

Mr Ahmed arrived at the Presidential Villa at about 5:30 p.m. and left the President’s office after less than 30 minutes.

He declined to speak with journalists as he exited the State House and offered no comment on the allegations or the outcome of his meeting with President Tinubu.

Continue Reading

news

BREAKING: Ex-NIWA Boss Oyebamiji Clinches Osun APC Governorship Ticket

Published

on

The immediate past Managing Director of the National Inland Waterways Authority, Bola Oyebamiji, on Saturday emerged as the consensus candidate of the All Progressives Congress for the forthcoming Osun State governorship election.

Oyebamiji’s emergence followed a motion moved by two governorship aspirants, Kunle Adegoke (SAN) and Senator Babajide Omoworare, at the primary election venue located within the premises of Ebunoluwa Group of Schools, Osogbo.

The Chairman of the APC governorship primary committee and Governor of Edo State, Monday Okpebholo, thereafter subjected the motion to a voice vote, which received overwhelming support from party members present at the primary.

Okpebholo subsequently declared, “By the power conferred on me, I present to you Bola Oyebamiji, as the governorship candidate of our party.”

Newsthumb earlier reported that the APC governorship primary in Osun State commenced in Osogbo, the state capital, with the arrival of the committee chairman, Monday Okpebholo, who noted that the candidate will emerge by affirmation.

APC’s gov candidate Oyebamiji pledges to reposition Osun
He arrived at the venue alongside the co-chairman of the committee, Governor Lucky Aiyedatiwa of Ondo State, and other members of the governorship primary committee, including Governor Abdullahi Sule of Nasarawa State, Dr Obafemi Hamzat, who represented the Lagos State Governor, and former Kogi State Governor, Yahaya Bello.

Earlier on Tuesday, 1660 delegates that would elect the APC candidate in the December 13 governorship primary of the party emerged.

There were also clear indications that the seven APC governorship aspirants in the state had stepped down to back a consensus flagbearer after a late-night meeting with President Bola Tinubu at the State House, Abuja, on Wednesday.

A former APC National Secretary, Senator Iyiola Omisore, on Wednesday, speaking on a TVC News programme, Politics Tonight, declared his support for the party’s arrangement to choose a consensus candidate for the 2026 Osun State governorship election.

Omisore, who was among seven aspirants disqualified by the APC Screening Committee for alleged violations of party guidelines and electoral provisions, said he accepted the decision following guidance from President Bola Tinubu.

Continue Reading

Trending

Copyright © 2025 Newsthumb Magazine | All rights reserved