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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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FEC Backs $2.99bn Rail Projects, Sets Stage for Power Sector Shake-Up
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… Lagos Green Line, Kano, Kaduna rail schemes to boost connectivity
… Tinubu to chair power sector task force as reforms gather pace
The Federal Executive Council (FEC) on Thursday approved a $2.99 billion package of rail infrastructure projects and the establishment of a Presidential Task Force on Power Sector Reform, in a move signalling a renewed push by the administration of President Bola Ahmed Tinubu to deepen infrastructure development and unlock economic growth.
Briefing State House correspondents after the Council meeting, the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, said the rail projects span key urban corridors and are designed to enhance mobility, reduce congestion, and stimulate regional commerce.
He listed the projects as the Lagos Green Line Rail, the Kano State Metro Rail, and the Kaduna State Rail project, noting that they have already been captured in the extended 2025 budget.
“The Federal Executive Council approved three transformative rail projects – Lagos Green Line, Kano State Metro Rail, and Kaduna State Rail project. These projects are to be sponsored by the Ministry of Finance Incorporated,” Oyedele said.
He explained that the approvals align with the administration’s broader infrastructure strategy, which prioritises rail transport as a cost-effective and sustainable alternative to road networks.
The Lagos Green Line is expected to complement existing mass transit systems in the commercial hub, while the Kano and Kaduna rail schemes are projected to boost passenger and freight movement across northern Nigeria, improving trade and economic activity.
In a related development, the Minister of Information and National Orientation, Mohammed Idris, announced the creation of a Presidential Task Force on Power Sector Reform, alongside key appointments aimed at strengthening governance in the electricity industry.
Idris said the Council approved the appointment of former Minister of Power, Lanre Babalola, as Special Adviser on Power to the President, to enhance coordination and policy oversight.
He disclosed that the President would chair the task force, with Babalola playing a central role in driving its activities.
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“The task force is part of renewed efforts by the administration to reposition the power sector as a critical driver of industrialisation and economic growth,” Idris said.
According to him, the decision followed the submission of a report by a presidential committee set up on March 4 to review the commercial and institutional framework for the proposed Grid Asset Management Company (GAMCO).
He noted that the task force brings together key stakeholders, including the Ministers of Finance, Power, Industry, Trade and Investment, Information, and the Attorney-General of the Federation, alongside regulators and representatives of electricity generation and distribution companies.
Idris said the body would focus on implementing far-reaching reforms to address structural bottlenecks in the sector, stressing that stable electricity supply remains central to Nigeria’s economic transformation.
He added that the government is committed to a comprehensive overhaul of the power sector to unlock industrial productivity and improve living standards.
The minister further disclosed that the FEC meeting was preceded by the swearing-in of a National Commissioner of the Independent National Electoral Commission (INEC) and four Permanent Secretaries.
He said President Tinubu administered the oath of office on retired Rear Admiral K. M. Marafa as INEC National Commissioner following her confirmation by the National Assembly.
Idris added that the Council deliberated on a 32-point agenda, reflecting what he described as the administration’s broad reform focus across critical sectors of the economy.
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Tinubu Fires Back at Critics: Exploiting Insecurity Won’t Stop My Second Term
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…directs action against sponsors of violence, backs Plateau peace committee
President Bola Ahmed Tinubu on Tuesday night declared that attempts by his political opponents to exploit insecurity to force him out of office would fail, insisting that he would not only remain in office but also seek a second term.
Speaking at the State House, Abuja, while receiving stakeholders from Plateau State, led by Governor Caleb Mutfwang, the President described himself as resolute in the face of political pressure.
“You are playing to the hand of agents, including my own enemies, who want to use insecurity to get rid of me. But I’m a very stubborn politician. I just refuse to go. And I will campaign for my second term,” Tinubu said.
The President warned that the Federal Government would move decisively against individuals found to be instigating or financing violence across the country, stressing that credible intelligence would be acted upon without delay.
“If you identify and you know the name of troublemakers, agents provocateur, who want to continue killing or instigate killing, let us know. We will use the instrument of office to deal with them,” he said.
Tinubu emphasised that security agencies stand ready to confront such threats once actionable information is provided, noting that the recurring cycle of violence must end.
In a move to strengthen peace efforts in Plateau State, the President also endorsed a newly constituted peace committee comprising former governors of the state, charging them to work collectively toward lasting solutions.
He directed the committee to review existing white papers on past conflicts and harmonise recommendations for implementation.
“Call one another. Ignore the Governor’s Committee if you have to, or incorporate them. Take that white paper, go through it among yourselves and agree to implement it.
“If the ones you have chosen before now are not working, you have to mix and amend membership. Forget those committees you mentioned to me, if it’s not working, it’s not working. Consider this group as the committee until we find a lasting solution,” the President said.
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Reps Give Nod to Tinubu’s $516.33m Loan Request for Sokoto-Badagry Highway
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The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda.
The approval followed the consideration of the President’s request by the Committee of Supply during plenary presided over by Speaker Tajudeen Abbas.
In a letter read on the floor of the Green Chamber, Tinubu described the Sokoto-Badagry Superhighway as a transformative national project aimed at connecting Nigeria’s far northwest to its southwestern coastline through an approximately 1,000-kilometre dual carriageway stretching from Illela in Sokoto State to Badagry in Lagos State.
The corridor is expected to pass through Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, opening up major agricultural, commercial and industrial hubs across the country.
According to the President, the project was designed to stimulate economic growth by significantly improving the movement of goods and people across Nigeria’s northern and southern regions.
He said the highway will “improve north-south connectivity, safety and network performance on the corridor; reduce logistics costs and travel times by providing a continuous high-capacity expressway standard link to downstream markets and strengthen trade facilitation, food security and national cohesion through improved access between production zones, markets and ports.”
Tinubu further noted that the road project would “safeguard long-term intermodal flexibility by reserving the central median for future rail integration and accommodating utility corridors.”
The President explained that the funding arrangement involves a $516.33m facility from Deutsche Bank, backed by partial guarantee cover from the insurance arm of the Islamic Development Bank, while the Federal Government will provide counterpart funding of N265.54bn.
The counterpart contribution, he said, would cover land acquisition, compensation payments, and complementary infrastructure requirements.
Tinubu urged lawmakers to expedite legislative approval of the borrowing request in view of the strategic importance of the project to national development.
The Sokoto-Badagry Superhighway was conceived as one of Nigeria’s most expansive road infrastructure projects, intended to serve as an economic backbone linking the resource-rich northern corridor with major export gateways in the south.
Beyond easing transportation challenges, the superhighway is expected to boost agricultural supply chains, enhance regional trade, improve access to seaports, and attract investments in manufacturing, logistics and real estate along its route.
The project also aligns with broader government plans to modernise transport infrastructure and strengthen Nigeria’s competitiveness under the African Continental Free Trade Area framework.
Presenting the report of the House Committee on Aids, Loans and Debt Management, Abdullahi El-Rasheed, who represented the committee chairman, Abubakar Nalaraba, urged lawmakers to support the loan request, citing the project’s strategic economic value.
He said the highway would serve as a critical driver of development and improve long-term economic productivity.
Following deliberations, the House approved the borrowing request at plenary, paving the way for the commencement of the project’s first section.
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