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Youths to Obasanjo: Atiku should drop Obi or lose

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Atiku
Ex-governor: I’m eminently qualified to be running mate

Atiku Abubakar got yesterday a complex challenge on his presidential bid —he should drop running mate Peter Obi or lose.

Some youths in the North visited former President Olusegun Obasanjo to table the knotty request.

The Northern Youths Leaders Forum (NYLF) advised  the presidential candidate of the Peoples Democratic Party (PDP) to review the  choice of Obi, if he hopes to earn the North’s support.

The group, which prides itself as the apex  body of 46 youth organisations in the North, threatened to mobilise its over six million members against the PDP and its presidential candidate, if Atiku failed to take its advice.

The national chairman of the group,  Comrade Elliot Afiyo, who spoke on Tuesday  in Abeokuta, the Ogun State capital, after a meeting with former President Olusegun Obasanjo on Monday night, claimed that the body had been instrumental to the electoral victories of successive presidents since 1999. It claimed to have played a major role in incumbent President Muhammadu Buhari’s victory and it also played a critical role in the reconciliation between Atiku and Obasanjo.

According to Afiyo, the group had equally intimated  the former President of their position on Atiku’s running mate.

It was not immediately clear yesterday what Obasanjo, who has just ended a long feud with Atiku and endorsed him, told the youths.

He said the Obi’s choice was causing friction in the Southeast, which  is largely responsible for the impending defection of the Deputy Senate President, Ike Ekweremandu, from the PDP.

He added that Obi is strongly viewed as anti-north and a major sponsor of the Indigenous People of Biafra (IPOB).

According to him, over 70 percent of Emirs and other traditional rulers in the North will not support Atiku’s choice of running mate and maintained that  PDP will fail to produce the next president, if the party eventually flies the Atiku/Obi ticket.

Afiyo advised PDP to pick Atiku’s running mate from Southsouth. He suggested that either Rivers State Governor Nyesom Wike or his Bayelsa State counterpart, Seriake Dickson, should be considered.

Afiyo said: “Atiku is an experienced politician, and he knows what happened and as a northern Nigerian, he cannot ignore that group. I have spoken to almost all the Southeast governors and they told me that they remained in PDP because of their governorship elections and after their governorship elections, they will vote somewhere, not PDP.

“And for us to ignore the stakeholders, it is political suicidal, so we must agree with that fact. That was what we told Obasanjo yesterday, that as far as we want to Atiku to succeed, he has no alternative than to drop Peter Obi and with the contention between Peter Obi’s group and Ike Ekeremadu’s group, it is not political convenient again to pick a running mate from the Southeast.

Because whichever group you pick from, the other group will work against them.

“Then, in the North, we consider Peter Obi as anti-North. This is no sentiment. Apart from the way he treated the northeners when he was the governor of Anambra State, we consider him as a bonafide member and major sponsor of IPOB.

“In fact, 70 percent of emirs, traditional rulers from the North will not support Peter Obi as the vice president.

“We don’t work on sentiment. As I have told you before, our group staked our lives in 2015 for Buhari. Personally, I was placed under house arrest for two weeks throughout the extension of the presidential election in 2015. I was fighting with the hope that Buhari would change things but there is a cabal and Buhari is completely caged.

“Also, mind you, Atiku is not a saint, anyone that becomes president, there must be a cabal, so we need a vice president that will tell the cabal ‘no’ and Peter Obi doesn’t have the courage and boldness to be the vice president to challenge the authorities. But if Atiku fails to heed our warning, then, APC will win. Buhari will win hands down because we cannot support a failure. We will work for APC.”

Obi’s spokesman Valemtine Obienyen dismissed the claims by the group. He said Obi’s choice had been well received.

He added: “Why protest in Ota? Who is behind the protest? What does the project intend to achieve? Is it true that the planning of the protest was revealed almost a week ago? Why is it that when you have failed to see any fault in Obi, you are bent on inventing one?  These are necessary questions which any sincere inquirer will deem appropriate to start with.

He said: “ We do not need such  distraction now. What we need is joining of hands together as we collectively seek solutions to our problems.

“All those that knew Obi very well for what he did in the past, both in his private business and governance of Anambra State and thereafter,  wrote eulogies of him. Researchers went to work. After careful and painstaking analyses of his past, they submitted that he is humble, hardworking, knowledgeable about the economy, aware of the myriad of problems of the country, detribalised and a believe in the unity of the country .

Since leaving office, Obi has been busy visiting schools all over the country, from Cross River to Sokoto. Obi has been busy diagnosing the problems of the country and offering solutions. Obi has been busy preaching the unity of the country and how good governance will solve the problems in Nigeria, caused by cumulative years of leadership failure that make the protest under review suspicious and, in fact, an attempt to give the dog a bad name in order to hang it.”

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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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Nigeria Emerges as Africa’s Biggest Climber in Investment Risk Ranking on Back of Tinubu’s Economic Reforms

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Nigeria has emerged as the biggest climber in Africa’s latest investment risk ranking, rising four places to eighth position as economic reforms implemented by President Bola Tinubu improved the country’s relative attractiveness to investors, a new report by Bloomberg has stated.

Nigeria overtook Rwanda, Tanzania, Kenya and Namibia in the 2026 Bloomberg Economics Investment Risk-O-Meter, which assesses the relative investability of 19 African economies.

Bloomberg, in the report released on Monday, said Nigeria’s improvement was driven by stronger performance in three of the five indicators used in the assessment: economic strength, fiscal strength and external vulnerability.

“Nigeria was the biggest climber in a ranking of Africa’s most investable markets, propelled by President Bola Tinubu’s economic reforms, according to the findings of the latest edition of An Investor’s Guide to Africa.

“The continent’s biggest oil producer and refiner rose four places to eighth in the 2026 Bloomberg Economics Investment Risk-O-Meter, overtaking Rwanda, Tanzania, Kenya and Namibia as it improved in three of the five metrics assessed by the gauge: economic strength, fiscal strength and external vulnerability,” Bloomberg reported.

The development puts Nigeria among the biggest gainers on the continent, despite ongoing concerns about the country’s high public debt, cost of living, inflation, infrastructure deficit and foreign exchange pressures.

Mauritius emerged as the most investable African market in the latest ranking, while Botswana fell two places. South Africa, which topped the ranking in the previous edition, also dropped one place following a weaker economic growth outlook.

Nigeria’s improved position comes more than three years after Tinubu assumed office and embarked on a series of major economic reforms aimed at restructuring the country’s fiscal and monetary environment.

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Among the most significant measures were the removal of the petrol subsidy, reforms to the foreign exchange market and changes to electricity tariffs.

The Federal Government has repeatedly defended the reforms as necessary to address distortions that had weighed on public finances, discouraged investment and placed pressure on foreign exchange reserves.

However, the policies have also increased economic hardship for households and businesses, particularly through higher transport, food and energy costs. Despite the adjustment pains, Nigeria’s economy has continued to expand during the period under review.

Real Gross Domestic Product growth rose from 2.54 per cent in the third quarter of 2023 to 3.46 per cent in the fourth quarter of that year.

The economy subsequently grew by an average of 3.19 per cent in 2024 before accelerating to 3.85 per cent in 2025, its strongest annual performance within the period covered by the assessment.

Growth stood at 3.89 per cent in the first quarter of 2026, bringing the average quarterly growth between the third quarter of 2023 and the first quarter of 2026 to about 3.46 per cent.

The stronger growth performance has come alongside efforts by the government to increase revenue, reduce fiscal leakages and attract investment into critical sectors of the economy.

Nigeria’s improved position in the Bloomberg ranking, however, comes against the backdrop of a substantial increase in public debt.

Data from the Debt Management Office showed that Nigeria’s total public debt stood at N87.38tn as of June 30, 2023, shortly after Tinubu took office. By December 31, 2025, the figure had risen to N159.28tn. This represents an increase of N71.90tn, or about 82.3 per cent, in two and a half years.

The increase was driven by new borrowing, foreign exchange adjustments and the securitisation of certain legacy obligations, according to the DMO.

The development is significant for a country that has struggled for years to attract sufficient foreign capital because of concerns over exchange-rate instability, policy uncertainty, weak infrastructure, insecurity and limited fiscal space.

The reforms under the Tinubu administration have sought to address some of these constraints by allowing market forces a greater role in determining fuel prices, foreign exchange rates and electricity tariffs.

The foreign exchange reforms, in particular, were designed to reduce multiple exchange rates and improve transparency in the currency market, while the removal of the petrol subsidy was intended to reduce the government’s fiscal burden.

The electricity tariff reforms were also aimed at improving the financial viability of the power sector and encouraging investment by allowing electricity prices for some customer categories to better reflect supply costs.

Nigeria’s rise in the Bloomberg ranking therefore marks an improvement in its relative position among African investment destinations, even as investors continue to monitor the sustainability of its reforms, debt burden and economic growth.

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Update : Tinubu Expected Back in Abuja Today After Six-Day Stay in Lagos

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President Bola Ahmed Tinubu is expected back in Abuja this evening after concluding a six-day stay in Lagos, the Presidency announced on Monday.

The President will depart Lagos for the Federal Capital Territory after a visit during which he participated in activities marking Nigeria’s 66th Independence Day anniversary and held other engagements. SahelSecurity Report

Tinubu arrived in Lagos on Tuesday, September 29, following his annual holiday in London and Paris.

While in Lagos, the President addressed Nigerians on October 1 to mark the country’s 66th Independence Day anniversary.

Later that day, he attended the national premiere of MKO, a documentary chronicling the life, political struggle, and legacy of the late Chief Moshood Kashimawo Olawale Abiola, as well as the historic June 12 pro-democracy struggle.

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The premiere was held at the Wole Soyinka Centre for Culture and Creative Arts in Lagos.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the President’s return to Abuja in a State House statement issued on Monday.

“President Bola Ahmed Tinubu will depart Lagos for Abuja this evening after his six-day visit to the former seat of government,” Onanuga said.

 

 

 

 

 

 

 

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