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Tinubu offers French investors ‘easy in, easy out’ opportunity for skills development to bridge the gaps, Says Onanuga

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•Macron welcoming Kwara State Governor AbdulRahman AbdulRazaq to Elysee Palace…yesterday. With them are Governors Babajide Sanwo-Olu (Lagos); Dapo Abiodun (Ogun); Hyacinth Alia (Benue); Peter Mbah (Enugu); Dikko Radda (Katsina) and Foreign Affairs Minister Yusuf Tuggar
•Macron welcoming Kwara State Governor AbdulRahman AbdulRazaq to Elysee Palace…yesterday. With them are Governors Babajide Sanwo-Olu (Lagos); Dapo Abiodun (Ogun); Hyacinth Alia (Benue); Peter Mbah (Enugu); Dikko Radda (Katsina) and Foreign Affairs Minister Yusuf Tuggar

Tinubu pledges skills development for out-of-schoolchildren
President Bola Ahmed Tinubu yesterday affirmed Nigeria’s commitment to strengthening cooperation with France in key sectors such as food security, energy, solid minerals, education and security.

Tinubu made the pledgeduring a meeting with French President Emmanuel Macron in Paris.

The two leaders later addressed a joint news conference.

The President, according to a statement by his Special Adviser on Information and Strategy, Bayo Onanuga, also emphasised his administration’s commitment to skill acquisition training for Nigerians, especially children who have “been out of school for years”.

Tinubu highlighted the vast and largely untapped potential within Nigeria’s agricultural sector.

He called on international investors to capitalise on opportunities in the sector.

“The French—Nigeria Business Forum is doing a lot already, but we need to do more on food security. We cannot help but invest in another country,” said the President.

Tinubu described Nigeria’s financial sector as a facilitator for foreign investment, particularly from French enterprises.

He said: “Nigeria’s financial sector is evolving and flourishing. We are also creating grounds for investment in Nigeria’s economy for French nationals, especially in food security.

“It is our responsibility to put together a food security programme for the private sector to come and invest in the country.

“We are working on stability and we are getting closer and closer, but we can do better and better.”

The President said Nigeria’s economy was being repositioned for more Foreign Direct Investment (FDI) that would directly impact Nigerians.

“I can assure you that Nigeria is open for business and close to this, we have a vibrant youth population that is educated, and ready to be trained in various areas of entrepreneurship and development,” Tinubu said.

He implored the French government to extend to Nigeria, trainings that would develop its youth population.

“Furthermore, we should de-risk the opportunities in the solid minerals. We have the potential and we have agreed on a deeper and deeper relationship,” the President added.

Tinubu noted that Nigeria, like most African nations, has been preoccupied with tackling food insecurity.

He said: “A starved nation will not care about weather or environment, and in the 21st century, no child should go to bed hungry.

“If an African child is given a glass of milk in a class, there will be no problem in getting him to return and stay in school to learn. The more educated the children are, the better it is for us.”

President Tinubu said the blue economy in Nigeria also provides a huge opportunity for investment, with unexplored potential in fishery.

“In Lagos, we have tamed the Atlantic Ocean. For us, fishery is an important aspect of investment.

“We want to assure the French investment community that Nigeria is open for business. It shall be easy in and easy out,” he stated.

Tinubu outlined plans to significantly reduce the number of out-of-school children through innovative return-to-class initiatives and skills development programmes.

Chairman, United Bank of Africa (UBA)/Founder, Heirs Holding, Tony Elumelu and French Finance Minister, Antoine Armand signing an agreement at the Elysee Palace, Paris…yesterday. With them are Presidents Tinubu and Macron
“To bridge the gap for some who are of age, and have been out of school for a while, we will encourage skills development,” he stated.

The President told Macron and his wife, Brigitte, that Nigeria’s developmental potential hinges on a well-educated populace.

He said although “insecurity in some parts of the country makes it hard for children to return to school, we are gradually re-populating the classrooms.”

“We need skills development to bridge the gaps,” the President added.

He also highlighted efforts by his administration to enhance security across the country.

“With some more efforts, we will be able to get some level of stability. We had a very good harvest this year and as soon as more farmers can go back to the farm, we will have more stability in harvest and supply,” Tinubu said.

On global security, the President noted that there was a need for collective responsibility to fight terrorism.

“Nigeria is a partner in progress. We are ready to partner with France so that we can have security operations that will stop the challenge of migration,” he said.

President Macron acknowledged the state visit by Tinubu, saying it will herald deeper bilateral relationships between the two countries.

He emphasised collaborative growth in creative industries and youth-focused initiatives.

Macron acknowledged Nigeria’s vast growth potential and the importance of investing in educational initiatives.

He reflected on his formative experiences during his six-month internship at the French Embassy in Nigeria.

Macron also noted that global humanitarian challenges could only be solved with governments working together.

He said: “We have confidence that you, Mr. President, will reinforce our relationship with Nigeria, and it will cover the West Coast region, with ECOWAS playing the leading role.

“I will seek your leadership to work as partners of progress. You are the great leader of the great country in Africa.

“We appreciate your visionary leadership and energy in transforming the economy of your country. We will work together for collective, global success,” he said.

The French leader assured that he would encourage more investments in Nigeria’s solid minerals sector.

Both countries signed an agreement after Solid Minerals Development Minister Dele Alake made a presentation on the sector’s potential.

President Tinubu and First Lady Oluremi Tinubu were welcomed with full honours at Hotel Les Invalides and Palais De l’Élysée by Macron and his wife, Brigitte.

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Ondo Sports Council Chairman Declares 2026 ADU Unity Cup Open as Ijapo Ages FC Edges Odigbo LG FC

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The Chairman of the Ondo State Sports Council, Hon. (Coach) Abimbola Oladimeji, has officially declared the 2026 ADU Unity Cup open, marking the commencement of another edition of the football competition aimed at promoting unity, sportsmanship and grassroots football development.

The opening ceremony attracted football enthusiasts and supporters who gathered to witness the start of the tournament and celebrate the spirit of competition among participating teams.

In the opening match, Ijapo Ages FC secured a narrow 1–0 victory over Odigbo LG FC in an entertaining encounter, giving the team a winning start to its campaign in the competition.

The ADU Unity Cup continues to provide a platform for players to showcase their talents, foster unity among communities and contribute to the development of football at the grassroots level.

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Update : Investigator Links El-Rufai to Alleged $600,000 EFCC Payment Plan

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A forensic investigator with the State Security Service, Segun Kayode, on Tuesday alleged that former Kaduna State Governor, Nasir El-Rufai, and some of his associates earmarked $600,000 to settle officials of the Economic and Financial Crimes Commission and intermediaries.

Kayode, the first prosecution witness in the ongoing trial, made the allegation while testifying before the Kaduna State High Court sitting in Kawo, Kaduna, presided over by Justice Darius Khobo.

The witness said $500,000 and $100,000 were allegedly set aside for the payments, adding that forensic audio recordings captured conversations involving El-Rufai and some of his suspected associates.

According to him, the recorded conversations centred on alleged efforts to frustrate an EFCC investigation into a company identified as Singularity.

Kayode named a Senior Advocate of Nigeria, AU Mustapha (SAN); Jimi Lawal; and Bashir El-Rufai among those allegedly mentioned in the conversations.

He told the court that Mustapha and Lawal were allegedly directed to meet one Ahmadu Sule to obtain a template previously used to liquidate another company, with the intention of applying a similar process to Singularity.

The investigator further alleged that the discussions included plans to liquidate the company in Nigeria and Mauritius, where it was reportedly under investigation by the Nigerian Financial Intelligence Unit.

Kayode also alleged that the recordings contained discussions about preventing the EFCC from investigating IHS, which he said was listed on the New York Stock Exchange.

The allegations were presented as part of the prosecution’s evidence against the former governor.

The proceedings lasted nearly eight hours, from 12:26 pm to 8:18 pm, with about two hours devoted to playing the recorded conversations.

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Earlier, El-Rufai’s lead counsel, Paul Erokoro (SAN), objected to Kayode’s testimony, arguing that the witness’s name and summary of evidence were not included in the prosecution’s proof of evidence.

Erokoro argued that the omission undermined his client’s right to a fair hearing, insisting that the defence was entitled to know the evidence it was expected to answer.

However, counsel for the Independent Corrupt Practices and Other Related Offences Commission, Ayodeji Adedipe (SAN), told the court that Kayode was a subpoenaed witness and that the omission did not automatically render his testimony inadmissible.

Adedipe said the subpoena was issued and signed by the court on June 30, 2026, adding that the defence would have the opportunity to cross-examine the witness.

The prosecution counsel also cited judicial authorities in support of his argument.

In his response, Erokoro maintained that the issue was not whether the witness could testify but whether the defence had been adequately informed to prepare for his evidence.

He relied on Section 210 of the applicable Administration of Criminal Justice Law, 2017, and argued that the prosecution should have served the subpoena on the defence.

In its ruling, the court acknowledged that the witness’s name and summary of evidence were absent from the proof of evidence but held that the records showed he had been subpoenaed.

Justice Khobo ruled that the omission did not automatically make the testimony inadmissible, provided the defence was allowed to cross-examine the witness.

The judge consequently overruled the objection and directed Kayode to continue his testimony.

After the witness submitted a hard copy of his findings to the court clerk, the defence complained that the document should have been served earlier to enable it to study the contents.

The judge, however, ruled that the defence could obtain a certified true copy of the document admitted as Exhibit One for examination.

The court adjourned the case until November 30 and December 1, 2026, for continuation of the cross-examination, following agreement by the prosecution and defence.

Our correspondence reported that El-Rufai arrived at the court premises at about 11:50 am, ahead of the scheduled noon hearing, amid tight security.

He was accompanied by the African Democratic Congress governorship candidate in Kaduna State, Isa Ashiru.

His appearance followed an order by Justice Khobo directing the ICPC to produce him in court for the resumed proceedings.

The previous sitting was adjourned on Monday after the former governor was absent following information that he had requested access to his personal physician to review medical test results.

The resumed hearing came days after the Court of Appeal in Kaduna dismissed El-Rufai’s appeal challenging the refusal of bail by the state high court.

In its judgment delivered on October 9, the appellate court upheld the lower court’s decision, ruling that the former governor had failed to establish sufficient grounds to warrant interference with the refusal of bail.

El-Rufai has been in ICPC custody since February 18, 2026, over allegations of financial misconduct linked to his administration of Kaduna State between 2015 and 2023.

The Kaduna State House of Assembly had petitioned the ICPC over the alleged diversion and mismanagement of more than N423bn in public funds during his eight-year administration.

The former governor is facing multiple cases involving allegations of money laundering, abuse of office, fraud and other financial offences before different courts.

He has denied wrongdoing and pleaded not guilty to the charges. The allegations remain subject to judicial determination.

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Update :FG Unveils Additional 10 Steps to Reduce Impact of Rising Fuel Prices

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The Federal Government has announced ten new measures to reduce the pain Nigerians feel from high fuel prices. It insists, however, that none of them brings back the old fuel subsidy for everyone.

The measures were presented by the Federal Ministry of Finance at a press briefing on Thursday, 8 October 2026, titled “Fuel Prices and the Subsidy Question.” The government admitted its earlier steps fell short. According to the presentation, “These measures do not fully relieve the pressure households feel today, so the government is going further.”

The government described the new package as “Help that is targeted, temporary and affordable.” In plain terms, the help is meant for those who need it most, will not last forever, and is designed so that the country can pay for it.

Cheaper petrol and more cash support

The first measure is a discount on petrol sold at NNPC filling stations. The discount will last for the next 30 days, and public transporters, such as commercial bus and taxi operators, will get priority. The government hopes this will help keep transport fares from rising further.

The government also plans to increase cash transfers to vulnerable households. Small businesses will get cheaper loans, known as subsidised credit, to help them cope with higher running costs.

Steps to keep pump prices steady

To protect Nigerians from sudden jumps in world oil prices, the government will sell crude oil in advance to local refineries. This is expected as oil production rises and crude previously committed to other purposes becomes available. The presentation says this will shield “pump prices from global swings.” ShopAfrican Art

The government will also introduce what it calls price modulation. Under this plan, a negotiated limit of ₦1,350 per litre will apply to the ex-gantry price (the price at the depot) or the landing cost (the cost of bringing the fuel into the country). The limit will be reviewed every month, so it can change as conditions change.

A National Strategic Fuel Reserve will also be set up. Fuel from the reserve will be released “under published rules when disruption or hoarding threatens supply.” This means the government can step in when fuel becomes scarce or when marketers hold back products to push up prices.

Lowering the cost of transport and doing business

The government says part of what Nigerians pay for transport comes from illegal charges on the roads. It will work with state governments under the 2025 tax laws to rein in road taxes that push up fares.

It will also speed up the rollout of compressed natural gas (CNG) as a cheaper alternative to petrol, again working with the states. Transporters who benefit from cheaper fuel are expected to “pass savings on in lower fares” to passengers.

Other steps target the cost of goods and services more broadly. The government will cut regulatory costs, described as red tape, that “feed into the price of goods and services.” It will also ease traffic in cities to save fuel, and it will use NIPOST address codes to reduce the cost of moving goods from one place to another.

One measure has not yet been decided. The government is considering an excess profit tax on operators it says exploit consumers. If it goes ahead, the money raised will fund transport support and vouchers for low-income earners.

No return to blanket subsidy

The ministry ended the presentation with a clear message, “None of these measures restores a blanket subsidy.” The government is therefore not returning to the old system, where fuel was sold cheaply to everyone. It says its new approach will reach “the people who need help without putting the wider economy at risk.”

The announcement comes as many households as possible, and businesses struggle with the high cost of transport, food, and other goods linked to fuel prices. How much relief Nigerians feel will depend on how quickly and effectively these measures are carried out, and whether transporters and marketers pass the benefits on to consumers.

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