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Update : The many silver linings of Tinubu’s 7 months in office by Bayo Onanuga

The removal of fuel subsidy and the move to merge foreign exchange rates, two headline reforms introduced by the Tinubu administration since late May, triggered problems such as high fuel prices and the depreciation of the Naira, two monstrosities which combined to cause a general spike in costs of services and goods.
Today, many Nigerians complain of a rise in the cost of living.
According to the latest NBS report, Nigeria’s inflation, which rose to 26.7 percent in September, again rose to 28.2% in November from 27.33% in October. Food Inflation remains untamed, rising from 31.52% in October to 32.84% in November 2023.
To compound the economic problems, a few multinational companies such as GlaxoSmithKline, Procter & Gamble have announced their exit from our country, complaining about the difficult operating environment and the scarcity of dollar.
The truth is that the new policies alone are not solely responsible for the economic problems we are facing today. We were destined for the tough and rough patch, where we are today because of the prevailing conditions before Tinubu took over on 29 May.
As at June 2023, the budget deficit was N10.8 trillion. Actual Debt service was 98.95 percent of revenue, far higher than the projected 59.37 percent. Inflow into the country’s foreign reserve came in trickles. And so bad was the state of affairs that Nigeria could not remit about $800 million fund of foreign airlines. JP Morgan exposed our near insolvency by claiming in a report that our net foreign reserve was just about $3.7 billion, not the $33 billion-plus flaunted by Emefiele’s CBN.
President Tinubu, who promised during the campaign to take hard and difficult decisions, moved to tackle the economic problems from Day One, by first dispensing with the wasteful fuel subsidy that was billed to consume about N7trillion this year, five times more than what was provisioned for capital spending.
President Tinubu is quite aware of the side effects of his move to reset our economy. Though his administration has earned plaudits from the World Bank, the IMF and rating agencies such as Moody’s and Fitch, he is not carried away by the praises.
He is focused on turning the economy around for growth, development and prosperity.
The moves are yielding some good effects. Amidst what some sections of the media perceive as general gloom, some silver linings are emerging, signposting that with a little more patience, our material conditions will improve and inflation will be tamed. For businesses, operating conditions will also improve.
In its third-quarter report for the year, the NBS reported that GDP grew by 2.54 percent. In a similar period in 2022, GDP recorded a growth of 2.25%. To demonstrate that the sun may be shining on us again, the 2.54% GDP growth recorded in Q3, was also higher than the 2.51% recorded in Q2.
The service sector, made up of information and communication, financial, and insurance, was responsible for the growth witnessed in Q3. It had a 3.99% growth, contributing 52.7% of the aggregate GDP. The agriculture sector declined from 1.34% growth in Q2 to 1.3 percent in Q3.
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Growth was also recorded in construction and real estate, metal ores (69.76%), coal mining (58.03%), chemical and pharmaceutical products (6.77%), Cement (4.2%), and construction (3.89%). Oil reported a negative growth of 0.85%, a major improvement from the negative 22.67% recorded at the same period last year. It was -13.43 in Q2 of 2022.
The improvement in the oil sector and its contribution to GDP has been attributed to the improvement in the security of oil infrastructure and operations, leading to increased production. Going forward in this Q4 and 2024, NNPC Limited is confident that the sector will continue to climb the curve.
In the same Q3, according to NBS, the Industrial sector grew by 0.46%, an uptick compared with Q3 2022, when it had a negative 8% growth, even in the era of P&G and GSK exit.
An interesting revelation in the NBS Q3 report was the big jump in the volume of trade, from N12.16 trillion in Q2 to N18.8 trillion. Trade volume in the same period in 2022 was N12.28 trillion. We also recorded a trade surplus of N1.89 trillion in Q3, an increase from the N708.8 billion in Q2 2023. In Q3 in 2022, we recorded a trade deficit of N409.39 billion.
The value of exports in the third quarter was N10.35 trillion, far higher by 60.78 percent than the N6.44 trillion posted in Q2 2023. Crude oil dominated the export, accounting for 82.5 percent, a confirmation that our country is pumping out more oil for export, unlike the previous years.
Just as our exports increased, imports also increased, rising from N5.73 trillion in Q2 2023 to N8.46 trillion in Q3, a rise of 60.8 percent. The imports recorded in the quarter were also higher in value compared to Q3 2022, which was N6.34 trillion.
As the Minister of Budget and National Planning, Atiku Bagudu noted in a recent report, economic prosperity in our country will be achieved with the reforms being implemented, supported by strong monetary and fiscal policies, food supply management, and other intervention programmes.
President Tinubu who has never shied away from acknowledging the temporary pains triggered by the reforms, gave an assurance in a recent newspaper interview that his Administration will continue to take proactive measures to wrestle with the problems.
Many of these measures are already being taken and in the New Year, we expect the silver linings that are at present understated, to blossom into rays of sunshine to be experienced by all Nigerians.
*Onanuga is the special adviser of Information and strategy to President Bola Tinubu
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Update : police tracks down mastermind of railway vandalism, recovers load of stolen Materials in Plateau, Says Opeifa

The Nigerian Railway Corporation (NRC) had a major breakthrough recently it its efforts to apprehend the vandals of its critical assets across the country.
Towards this end, the Corporation’s police Command has arrested one Musa Abdullahi, aka Major aged 32, a notorious receiver and kingpin of vandalized railway materials, in Kaduna.
The arrest was a major success recorded by the Corporation in its campaign against the vandalisation and theft of railway materials, just as it intercepted a trailer loaded with railway components In plateau State.
In Kaduna, operatives of the Nigerian Police, Railway Command, arrested the suspect around the Rigasa area.
His arrest followed intelligence reports on the vandalism of electrical installations along the Mando–Rigasa corridor on Tuesday,14th October 2025.
Investigation is ongoing, and the case will be charged to court on conclusion.
In Plateau State, operatives of the Nigeria Police, Railway Command, intercepted trailer conveying large quantities of railway materials along KM 822–823, Foromaxis, in the early hours of Tuesday, 14th October 2025.
The truck, which was abandoned by its driver who fled the scene, was successfully towed to the Jos Railway Police Station on Wednesday, 15th October 2025.
Investigation is on going to uncover and apprehend all individuals connected to the theft.
The Managing Director of the NRC, Dr. Kayode Opeifa, commended the Nigeria Police for their professionalism, intelligence-led operation, and swift action in handling both incidents.
He described the arrests and recovery as clear evidence of the renewed synergy between the Corporation and security agencies in protecting critical railway infrastructure across the country.
Dr. Opeifa reaffirmed the Corporation’s resolve to strengthen collaboration with the Nigeria Police, the Nigeria Security and Civil Defence Corps (NSCDC), and other security formations to ensure that vandals, receivers, and collaborators are brought to justice.
He emphasized that such criminal acts amount to economic sabotage, warning that the NRC Management will continue to pursue zero tolerance for vandalism through enhanced surveillance, community engagement,and intelligence sharing.
Opeifa further appealed to residents of communities hosting railway facilities to remain vigilant and promptly report any suspicious movement around rail installations.
He noted that the railway system remains a major driver of national development and urged the public to view its protection as a shared responsibility.
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Update : TINUBU DEPARTS ABUJA FOR AQABA PROCESS MEETING IN ROME, SAYS ONANUGA

President Bola Tinubu will depart Abuja on Sunday, October 12, for Rome, the capital of Italy, to participate in the Aqaba Process Heads of State and Government Level Meeting, with special focus on the security crisis in West Africa.
The meeting, which will begin on October 14, will bring together Heads of State and Government, senior intelligence and military officials from African countries, and representatives of intergovernmental and non-governmental organisations to discuss the evolving security challenges in West Africa.
The Aqaba Process Meeting is a counter-terrorism initiative launched by King Abdullah II of Jordan in 2015. It is co–chaired by the Hashemite Kingdom of Jordan and the Italian Government.
It recognises the complex security challenges confronting West Africa, including the expansion of terrorist networks, the growing crime-terror nexus and the increasing overlap between land-based terrorism in the Sahel and the maritime piracy in the Gulf of Guinea.
At the meeting, participants will exchange assessments of the current security landscape in West Africa and foster collaboration between regional and international partners to address cross-border security challenges. Participants will also develop strategies to counter the terror threat on land and the sea.
The meeting will discuss ideas on how to coordinate efforts to combat online radicalisation and disrupt digital networks that facilitate terrorist propaganda and recruitment.
In addition to attending the plenary sessions of the Aqaba meeting, President Tinubu will hold bilateral talks with other leaders to explore ways of addressing the rising security challenges across the subregion.
The President will be accompanied by the Minister of State for Foreign Affairs, Ambassador Bianca Odumegwu–Ojukwu, the Minister of Defence, Mohammed Badaru Abubakar, the National Security Adviser, Nuhu Ribadu, the Director-General of the National Intelligence Agency (NIA), Ambassador Mohammed Mohammed, and other senior government officials.
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2027 Election : All is set for the collapse of the PDP in Enugu As Mbah, Others Join APC

…..Gov, lawmakers, party executives exit party enmasse
……Uncertainty over Suswam’s, ex-NAFDAC boss’ defection in Benue
…….PDP kicks, says govs being intimidated, coerced to defect
……Put your house in order, we’re not architect of your woes – APC
In a manner reminiscent of the defections that occurred in Delta and Cross River states earlier in the year, Governor Peter Mbah and all elected and appointive officers of the state are set to formally defect from the PDP to the All Progressives Congress (APC) on Tuesday next week.
The newly inaugurated Enugu State APC Caretaker Committee Chairman, Dr. Ben Nwoye, confirmed the development to newsmen at the APC National Secretariat in Abuja after taking the oath of office yesterday.
He made the disclosure during a press briefing by the newly inaugurated Enugu State Caretaker Committee.
Describing Mbah’s defection as the dawn of a new political era for Enugu and the Southeast region, Nwoye said the governor’s coming into APC would be “a merger between transformation and renewed hope.”
“For the past 10 years, Enugu State has remained in opposition. But all that ends on Tuesday when Governor Peter Mbah declares for the APC. And he is not coming alone,” Nwoye said.
According to him, the defection will signal a “historic alignment” as Mbah will be joined by 260 councillors, 24 state lawmakers, National Assembly members, and the entire state executive council—an unprecedented political realignment with President Bola Ahmed Tinubu’s Renewed Hope Agenda.
“Where Enugu goes, the Southeast goes. This marks the beginning of the Southeast’s political reawakening and full integration into national politics,” Nwoye said with a tone of confidence.
Commending the Governor Mbah’s performance in his last two years in office, Nwoye, who was the founding state chairman of the party, noted that his economic and infrastructural reforms had elevated the state to one of Nigeria’s top-performing states in internally generated revenue.
He added that the synergy between Mbah’s Transformation Agenda and President Tinubu’s Renewed Hope Vision would accelerate development and economic growth across the Southeast.
APC National Chairman, Prof. Nentawe Yilwatda, who inaugurated the seven-man caretaker committee for the party in the state, had earlier hinted of moves by the APC to strengthen its foothold in the Southeast.
The APC chairman charged the new Enugu leadership to consolidate the shock defection into a “lasting political conquest”
“APC is home for all. The person who came yesterday, today or tomorrow has equal rights.
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“Our goal is simple: to expand, to win, and to deliver overwhelming victory in 2027,” Yilwatda said.
APC’s Deputy National Chairman (South), Emma Eneukwu, who is from the state, said the political development in the state marked the return of the Southeast region to national relevance.
“We will no longer play second fiddle. With Enugu in APC, the Southeast has found its voice again,” he declared.
Uncertainty over Suswam’s, ex-NAFDAC boss’ defection in Benue
There were strong rumours yesterday that Suswam, Orhii who currently serves as a member of the House of Representatives representing Agatu/Apa Federal constituency, Hon. Ojema Ojotu and former Benue North East Senator, Prof. David Iornem were set to join the APC in Benue State.
This was in spite of a statement issued by the media aide to Suswam dispelling the rumour that his boss had defected from PDP to the ruling party.
Banners and signposts announcing their official defection and pre-decamping dinner adorned major roads and streets in Makurdi, the state capital, yesterday.
It is the first time Suswam would defect to another party since joining politics in 1999.
The black cat, as the former governor is widely known first won an election to represent Katsina Ala, Logo and Ukum Federal Constituency in the House Representatives on the platform of the PDP.
After eight years in the House of Representatives, he was elected the governor of Benue State for another eight years also on the platform of PDP.
His first bid to go to the Senate, however, ended in a fiasco as he lost the election. He, however, made a second bid and won election into the Senate.
He had remained in PDP even after losing his re-election bid until yesterday when the news of his defection broke.
There was jubilation from Suswam’s massive camp of supporters yesterday on hearing that the former governor had defected to APC.
In Anyiin his country home and Ayilamo settlement, there was dancing and singing throughout the day, with shouts Dom Agya as Suswam is known in his ancestry home.
At press time yesterday, he was locked in a meeting with his supporters.
Our correspondence learnt that the meeting was meant to deliberate on the date for the defection ceremony.
But the media aide to Senator Suwswam, Bede Bartholomew, yesterday denied the claims that his boss had defected to APC.
Bartholomew however admitted that Governor Hyacinth Alia two days ago extended an invitation to Suwswam and other leaders for a banquet with him at Government House Makurdi.
A press statement he signed and made available to our correspondent yesterday reads: “Moments ago, I received telephone calls from well-meaning Benuelites and leaders alerting me to trending news on Benue’s social media space purporting that the former governor of Benue State, His Excellency Senator Gabriel Torwua Suswam, is set to defect to the All Progressives Congress (APC) today and would be received by the Governor of Benue State, His Excellency Governor Hyacinth Alia, this evening at the Banquet Hall of the Benue State Government House.
“I debunk this unholy rumour with all vehemence as it doesn’t represent the current interests of Senator Gabriel Suswam or that of his supporters across the state and should be treated as a mere rumour and that’s all.
“What I know is that two days ago, the Governor of Benue State HE. Rev. Fr. Hyacinth Alia respectfully extended an invitation to Sen. Suswam, among other stakeholders, expressing his desire to attend a State Banquet slated for 10th October, 2025.
“It should be noted that as a former Governor of the State, Suswam is a stakeholder in the Benue project, thus his reason for accepting the invitation.
“There was no indication in the invitation letter that it was a political event or a decamping ceremony whatsoever.
“The former governor advises his supporters and well-wishers to disregard this rumour as it is baseless, aimless, and a lie from the deepest pit of hell.
“Suswam appreciates everyone who called in for further enquiries and concerns and wishes everyone a happy weekend ahead.
Defections: Blame no one for your woes, says APC as PDP kicks
The ruling All Progressives Congress (APC) yesterday took a swipe at the Peoples Democratic Party (PDP), accusing the opposition party of being responsible for its woes as more of its members are dumping it for the governing party.
This came on the heels of plans by the PDP governor of Enugu State, Peter Mbah, and the entire elective and appointive officers of the state to defect to APC on Tuesday.
The PDP had on Thursday blamed the wave of defections from the party on APC, accusing the ruling party of engaging in intimidation and coercion of its elected members.
National Publicity Secretary of the party, Debo Ologunagba, while reacting to reports of the planned defection of some governors elected on the platform of the party to the APC, accused the ruling party for its misfortune.
“The APC is orchestrating all of this through intimidation, through coercion, through blackmail,” he said.
But APC National Publicity Secretary, Felix Morka, waved off the PDP allegation, insisting that the opposition party was only crying over a self-inflicted problem.
Dismissing the PDP allegation, Morka said: “The PDP continues to ridicule itself by the boring, repetitive and baseless claim that APC is, somehow, intimidating or cajoling its governors and other senior members to dump their wreck of a party.
“The PDP is the sole maker of its own political predicament. The party is only harvesting well-deserved adversity from decades of political recklessness, mindless corruption, ruthless desecration of democracy, disgraceful failure of leadership, and destructive impunity that characterised its existence.”
Justifying the defection to APC, Morka argued that “the governors and members that are dumping the party in their numbers are doing so in exercise of their free democratic will, and wisely so, to mitigate against the devastating fate that Nigerians will deal the party in the upcoming 2027 elections.”
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