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Breaking: Tinubu announced as Man Of The Year as he speaks on the economic programme of his administration, Says Onanuga

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The Nation: What do you say to millions of Nigerians battling a cost-of-living crisis caused by spiralling inflation, high petrol price, and currency devaluation, and desperately want some relief?

Tinubu: As your President, I am deeply aware of the economic crisis’s severe impact on Nigerians, and we are part of a global challenge with the rising costs of living. To help our people, my administra:on is taking proactive steps. We are focused on providing financial support to businesses and ensuring the availability and affordability of staple foods, which are essen:al for every Nigerian family. One of our key initiatives is the provision of N25,000 monthly to 15 million households, for a three-month period. To further support food security, we’re working with our partners, local and interna:onal, to improve agricultural prac:ces and provide essential resources to farmers.

In addition, the National Single Window Project is being implemented to enhance international trade efficiency. All these efforts are in line with our commitment to reducing the economic burden on our ci:zens, especially the working class and vulnerable groups. The realloca:on of funds from the removal of the petrol subsidy is also a strategic move to bolster our government’s finances, contribu:ng to a stable economic environment for all.

Furthermore, in our commitment to ease the economic strain on our citizens , particularly the working class and vulnerable groups, our administration is championing the shift to cleaner energy sources. We recognize the benefits of Compressed Natural Gas (CNG) in providing an affordable and cleaner mass transit system. To facilitate this, we have waived the Value Added Tax (VAT) on CNG purchases. Additionally, to reduce the costs in food transportation and manufacturing, we’ve also waived VAT on diesel for six months.
I fully appreciate that these massively important reforms have been hard, but the dividends are already manifesting, with even more in sight. We have already seen improvements in our economic outlook, as corroborated by the likes of Fitch and Moody’s. These may seem ‘academic’ to many but the impact on investor confidence is significant.

The Nation: Many have criticized the cash transfer initiatives of your government, saying they are superficial and cannot address the level of poverty in the land. Are you still convinced about the efficacy of these programs?

Tinubu: I am steadfast in my belief in the efficacy of our cash transfer initiatives. These initiatives are a crucial part of our strategy to target and provide relief to the most vulnerable segments of our popula:on, especially during the last three months of the year when the prices of basic items typically rise. This is not just about providing temporary support; it’s about strategically delivering assistance when it’s needed most. We continue to work closely with all key stakeholders – including state governments, civil society groups, international partners, and private sector entities like telcos and fintechs – to refine these programs. Moreover, we urge all Nigerians to be mindful of the current economic situation and avoid exploiting it for abnormal profits.

In addition to these cash transfers, our administration is deeply committed to empowering micro, small, and medium-sized enterprises, along with nano businesses. Significant financial support is being directed to these enterprises to foster human capital development, economic growth, and financial inclusion. For instance, through the Ministry of Communications, Innovation and Digital Economy, we launched the 3MTT programme, aiming to develop technical talent across Nigeria in fields such as software engineering and cloud computing. This program is designed not just to aid businesses but also to enable our youth to participate in the global gig economy, earning competitive wages while contributing to our nation’s growth.

Our interventions extend beyond what some may call ‘cash handouts’. They are about creating a sustainable environment where Nigerians can innovate and thrive. By focusing on sectors like digital and creative industries, we are fostering growth and job creation , harmonizing efforts between monetary and fiscal bodies to build a stronger, more resilient Nigeria.”

The Nation: You have been quoted in the past promising to pay Nigerians a minimum wage they can live on. What is delaying the unveiling of the new minimum wage? How do you manage a situation where many states without the Federal Government’s resources may not be able to meet whatever commitments the government at the centre makes [it] to workers?

Tinubu : I understand the concerns regarding the unveiling of the new minimum wage and how states will manage these changes, especially those with fewer resources. To address this, my administration has approved a provisional increase in the federal minimum wage to N35,000 per month for a six-month period, two months of which have already been paid. This decision follows extensive consultations with the Nigeria Labour Congress (NLC) and Trade Union Congress (TUC).

In managing the situation with the states, we are working closely with them to ensure the new wage structure is practical and sustainable. It’s important that each state’s unique financial situation is considered. We are focused on strategies to help states strengthen their economies, considering factors like tax efficiency and economic diversificaon.
We are commided to ongoing dialogues with labour unions and state governments. This collaborative approach is crucial to ensure that the new minimum wage is fair, reasonable, and implementable across all states. Our goal is to balance the economic well-being of our workers with the overall financial health of the nation.

We ask Nigerians to be rest assured that our administration will not rest until we have delivered a sustainable solution in the best interest of Nigerians.

The Nation: One feature of the last few months has been your aggressive pursuit of foreign direct investment. What are the tangible results of these shuttles around the world?

Tinubu: It is essential to place our initiatives within the broader context of our economic recovery and growth strategy. This strategy encompasses several key reforms, including the removal of fuel subsidies, the unification of the naira’s exchange rates, the adoption of the customs single-window, the streamlining of our tax system and enhancement and diversification of our revenues. These strategic moves are designed to enhance liquidity and create a more attractive investment environment for both domestic and foreign investors, thereby stimulating sustainable growth.

FDI is not ‘chicken change’. FDI is substantial, long-term financial commitments made by serious enterprises and investors. What is happening right now is that Nigeria is re-engaging with the global market – both foreign and domestic investors. We are telling the story of our significant and far-reaching reforms and rebuilding confidence in Nigeria as an accessible and safe investment. We are clearly communicating that ‘Nigeria is open for business’ and that the direction of travel is clear and fully committed.

So far, our pursuit of foreign direct investment has been met with positive outcomes. We’ve secured a $500 million deal with Germany to fund renewable energy projects, particularly in rural Nigeria. Additionally, through local enterprises, Nigeria will supply LNG yearly to Germany, starting in 2026, solidifying our role as a key global energy partner. Our focused efforts to adract European FDI are yielding fruit, notably with the $116 million French investment in the I-DICE program, aimed at creating 65,000 start-ups and 150,000 jobs, particularly empowering women. As announced on the sidelines of COP28 in Dubai, we’re deploying 100 electric buses nationally, affirming our commitment to sustainable, eco- friendly initiatives and creating a platform for Public-Private-Partnerships in the mass transit category. Since this announcement we have received serious requests for co-investment opportunities from within Nigeria and across the world – Europe, India, China and the Middle East, key global markets which our administration has been energetically engaging with.

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UPDATE: Tinubu Restates Directive on Withdrawal of Police Escorts from VIPs

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…orders engagement of NSCDC to replace police on VIP guard duties

…seeks conversion of grazing reserves to ranches

President Bola Ahmed Tinubu on Wednesday reaffirmed his directive that police officers currently attached to VIPs be withdrawn and redeployed to conflict-prone areas, insisting that the nation cannot afford to keep essential security manpower away from pressing security theatres.

The President restated the order just before the commencement of the Federal Executive Council (FEC) meeting at the State House, tasking relevant security agencies to immediately implement the directive to strengthen the ongoing fight against terrorism, kidnapping, and violent criminal activity across the country.

“I honestly believe in what I said, and I called the IGP… If you have any security problems because of the nature of the assignment, please contact the IGP and get my clearance,” President Tinubu said, pointing out that exceptional cases would be treated with approval.

He directed that the Ministry of Interior liaise with the Inspector General of Police and the Nigeria Security and Civil Defence Corps (NSCDC) to replace police personnel withdrawn from VIP protection duties.

“The Minister of Interior should liaise with the IGP and Civil Defence structure to replace those police officers who are on special security duties, so that you don’t leave people exposed,” he said.

The President further instructed the National Security Adviser (NSA) and the Department of State Services (DSS) to form a committee to review the structure and ensure full implementation of the redeployment plan.

“NSA and DSS to provide further information and form themselves into a committee and review the structure. It should be effected,” he said.

Expressing concern over the rising incidents of kidnapping and terrorism, President Tinubu stressed that all available manpower must be channelled to areas of need.

“We face challenges here and there of kidnapping and terrorism; we need all the forces that we can utilise,” he stated.

While acknowledging that special circumstances may require security considerations for some individuals, the President insisted that other armed formations must take up such responsibilities.

“I know some of our people are exposed… civil defence are equally armed and I want to know from the NSA to arm our forest guards too. Take it very seriously,” he added.

On the livestock sector, President Tinubu instructed Vice President Kashim Shettima to begin, through the National Economic Council (NEC), the process of identifying grazing reserves that can be rehabilitated into ranches or livestock settlements, describing the reform as a crucial step in ending perennial herder–farmer conflicts.

“Again, especially livestock reform, I think the Vice President should get the NEC first of all to see which villages or grazing reserves can be salvaged or rehabilitated into ranches, livestock settlement.” he said.

The President stressed that converting grazing areas into viable agricultural and commercial hubs would create jobs, expand economic opportunities, and end conflict cycles.

“We must eliminate the possibility of conflicts and turn the livestock reform into economically viable development. The opportunity is there, let’s utilise it,” he noted.

He reminded state governments of their constitutional authority over land and urged them to cooperate in the process.

“If we emphasize the constitutional requirement which says the land belongs to the states… whichever one they can salvage, convert to a livestock village or herders’ village. Let us stop this conflict area and turn it into economic opportunities and prosperity,” the President said.

The renewed directive comes amid the administration’s ongoing security overhaul and the push to modernise Nigeria’s livestock industry as part of broader agricultural reforms under the Renewed Hope Agenda.

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Awujale Family to KWAM 1: Provide Proof of Lineage or Stop Claim, Cautions Against ‘Strangers’

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The Fusengbuwa ruling house of Ijebu-Ode, next in line to produce the new Awujale of Ijebuland, Ogun State, has directed popular Fuji musician, Wasiu Ayinde, popularly known as KWAM 1, to complete the family’s royal lineage data form to establish his legitimate membership in the ruling house.

The Chairman of the ruling house and former National President of the Institute of Chartered Accountants of Nigeria, Abdulateef Owoyemi, told our correspondence on Saturday that only bonafide members of the family would be allowed to participate in the selection process.

Ayinde, in a letter dated December 3, 2025, addressed to the chairman of the Fusengbuwa Ruling House in Agunsebi Quarters, Ijebu-Ode, announced his interest in the stool.

The Fuji icon described himself as a “bonafide son” of the ruling house, adding that his candidacy aligns with Ijebu customary law and the Ogun State Chieftaincy Laws.

The letter went viral on social media on Friday, sparking reactions from members of the public.

However, Owoyemi explained that the Olori Omooba of Ijebu land had been directed to complete the Fusengbuwa ruling house royal lineage data form.

He stressed that the form, which requires contenders to trace their genealogy back seven generations, ensures that only genuine princes from the family can participate, thereby blocking “strangers” from claiming the throne.

He said, “The first step for anyone interested in contesting for the Awujale throne is to declare their lineage by filling the standard Fusengbuwa ruling house royal lineage data form. Once confirmed as a legitimate member of the ruling house, they can then apply for the expression of interest form.

“We have told him, just like everyone else interested in the Awujale throne, that the first step is to declare his lineage. He will do this by completing the royal lineage data form, showing his full name, which parent and grandparent he descends from, and continuing up to seven generations.

“The completed form will be signed and submitted to the head of the ruling house unit of the Fusengbuwa ruling house, who will affirm that he is a genuine member. Only then will the process move forward.”

Although the application window for the throne officially closed on December 5, Owoyemi said KWAM 1 had been given an extension of five days, which would lapse on December 10.

“We won’t shut anybody out of picking the next Awujale, but we must ensure that you are a legitimate member of Fusengbuwa. Every right comes with responsibilities. For a royal family, everyone must prove their legitimacy by completing the royal lineage data form.

“When we receive the form, we will review it meticulously. If clarification is needed, we will contact the applicant. We welcome men of influence who will use their influence to enhance the throne, not to claim it, ensuring that what truly belongs to our family is preserved,” he said.

Owoyemi explained that the ruling house hoped to have a new Awujale by the second or third week of January 2026.

“The local government has given us 14 days to select candidates, which expires on December 18. After that, the kingmakers have seven days to deliberate and choose one candidate, whose name will be forwarded to the governor.

“Legally, the government then has 21 days to conduct background checks and security clearance, allowing for objections or protests. After this period, the State Executive Council will ratify the nominee, and the governor will announce the next Awujale, after which coronation rites will commence.

“So, combining the candidate selection, kingmakers’ deliberation, and legal objection period, we are looking at around 42 days. Therefore, we expect the next Awujale to emerge between the second and third week of January,” Owoyemi said.

The Fusengbuwa ruling house of Ijebu-Ode, next in line to produce the new Awujale of Ijebuland, Ogun State, has directed popular Fuji musician, Wasiu Ayinde, popularly known as KWAM 1, to complete the family’s royal lineage data form to establish his legitimate membership in the ruling house.

The Chairman of the ruling house and former National President of the Institute of Chartered Accountants of Nigeria, Abdulateef Owoyemi, told our correspondence on Saturday that only bonafide members of the family would be allowed to participate in the selection process.

Ayinde, in a letter dated December 3, 2025, addressed to the chairman of the Fusengbuwa Ruling House in Agunsebi Quarters, Ijebu-Ode, announced his interest in the stool.

The Fuji icon described himself as a “bonafide son” of the ruling house, adding that his candidacy aligns with Ijebu customary law and the Ogun State Chieftaincy Laws.

The letter went viral on social media on Friday, sparking reactions from members of the public.

However, Owoyemi explained that the Olori Omooba of Ijebu land had been directed to complete the Fusengbuwa ruling house royal lineage data form.

He stressed that the form, which requires contenders to trace their genealogy back seven generations, ensures that only genuine princes from the family can participate, thereby blocking “strangers” from claiming the throne.

He said, “The first step for anyone interested in contesting for the Awujale throne is to declare their lineage by filling the standard Fusengbuwa ruling house royal lineage data form. Once confirmed as a legitimate member of the ruling house, they can then apply for the expression of interest form.

“We have told him, just like everyone else interested in the Awujale throne, that the first step is to declare his lineage. He will do this by completing the royal lineage data form, showing his full name, which parent and grandparent he descends from, and continuing up to seven generations.

“The completed form will be signed and submitted to the head of the ruling house unit of the Fusengbuwa ruling house, who will affirm that he is a genuine member. Only then will the process move forward.”

Although the application window for the throne officially closed on December 5, Owoyemi said KWAM 1 had been given an extension of five days, which would lapse on December 10.

“We won’t shut anybody out of picking the next Awujale, but we must ensure that you are a legitimate member of Fusengbuwa. Every right comes with responsibilities. For a royal family, everyone must prove their legitimacy by completing the royal lineage data form.

“When we receive the form, we will review it meticulously. If clarification is needed, we will contact the applicant. We welcome men of influence who will use their influence to enhance the throne, not to claim it, ensuring that what truly belongs to our family is preserved,” he said.

Owoyemi explained that the ruling house hoped to have a new Awujale by the second or third week of January 2026.

“The local government has given us 14 days to select candidates, which expires on December 18. After that, the kingmakers have seven days to deliberate and choose one candidate, whose name will be forwarded to the governor.

“Legally, the government then has 21 days to conduct background checks and security clearance, allowing for objections or protests. After this period, the State Executive Council will ratify the nominee, and the governor will announce the next Awujale, after which coronation rites will commence.

“So, combining the candidate selection, kingmakers’ deliberation, and legal objection period, we are looking at around 42 days. Therefore, we expect the next Awujale to emerge between the second and third week of January,” Owoyemi said.

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BREAKING: Appeal Court Rules VIO Cannot Stop or Impound Motorists’ Vehicles

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The Court of Appeal in Abuja has affirmed the October 4, 2024 judgment of a Federal High Court in Abuja barring the Directorate of Road Traffic Services (popularly called VIO) from further stopping, impounding, or confiscating vehicles on the road and imposing fines on motorists.

In a judgment on Thursday, a three-member panel of the appellate court resolved the three issues identified for determination against the appellant, the Directorate of Road Traffic Services.

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Justice Oyejoju Oyebiola Oyewumi, who delivered the lead judgment, held that the appeal was without merit. She awarded a cost of N1million against the appellant and in favour of the respondent, a rights activist and public interest attorney, Abubakar Marshal.

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