By Emeka Nwankpa Notwithstanding that one year is too short to assess a four-year tenure, President Bola Ahmed Tinubu has shocked bookmakers with the huge and remarkable ground his solutionist administration has covered, showing unwavering commitment to fostering a conducive environment to long-term local and foreign investments. This vision is evidenced by a raft of bold reforms to make Nigeria a more attractive destination for business notably major improvement in ease-of-doing-business, tax and fiscal policy reforms, and significant changes in the Central Bank’s monetary policies. These efforts have not gone unnoticed. The Central Bank of Nigeria recently reported that foreign…
Author: Michael Chibuzo
By Dada Olusegun On May 29, 2023, President Bola Ahmed Tinubu stood on the presidential podium at Eagle Square to kickstart a momentous journey to hope shortly after taking the reins of power as the 16th President of Nigeria. From the first minute, President Tinubu was not under any illusion as to the enormity of the task ahead and the urgency it requires. Therefore, President Bola Ahmed Tinubu in keeping with his boldest campaign promise immediately went ahead to announce the removal of fuel subsidy and followed it up with a directive to the monetary authority to harmonise foreign exchange…
President Bola Ahmed Tinubu has described as disheartening, the news of the killing of five soldiers by suspected militants of the Independent People of Biafra (IPOB) on Thursday who were on peacekeeping duty in Aba, Abia State. The President condemned the attacks, which he described as unwarranted and barbaric, and directed the security agencies to fish out the killers of the soldiers and also go after those calling on people to stay at home. The personal statement from the President reads: “I have received yet another disheartening news of the killing of five soldiers by suspected militants of the proscribed…
By Adebanjo Mokolu When President Bola Tinubu took office at the helm of Africa’s largest democracy, he said in my inaugural address that Nigeria is “too great a nation and too grounded as a people to rob ourselves of our finest destiny.” It was a statement of commitment to govern and not rule, to consult and dialogue but never dictate. Now that we are a year into the Tinubu era, it would be useful to reflect on its achievements and the foundations it is building for a prosperous future. President Tinubu inherited an economy that despite its latent advantages -…
The Senior Special Assistant to President Tinubu on Media and Publicity, Temitope Ajayi has called for a rational conversation on the minimum wage issue. In a post on his X handle, the Presidential Aide acknowledged that in the face of the rising cost of living in the country, there is need for a higher national minimum wage. He however stated that the negotiation for a new national minimum wage by the Labour Movement should be rational and tempered within economic realities and capacity of both the government and private employers to pay. “Aluta approach of the Labour Movement won’t solve…
The Geregu Power Plc has signed a massive deal with German company, Siemens Energy to expand the capacity of its existing power plants to generate additional 265MW of electricity as well as to build new lower turbines that will generate a fresh 500MW of electricity in what would form Geregu power plant 3. With these upgrades, a total of 765MW would be added to the generation capacity of the Geregu Power Plc and will bring the company’s total installed capacity to 1200MW. The announcement of the deal with Siemens was contained in the notice sent to the Nigerian Exchange Limited…
By Michael Chibuzo It will take me a while to decide whether to finally memorise our new national anthem. However, I want to point out that even though national anthem is not Nigeria’s biggest problem at the moment, deciding to revert to the old national anthem DOES NOT prevent other serious problems facing us from being tackled by the government at all levels. These things can happen SIMULTANEOUSLY. So, critics should find another line of criticism. On the merits of changing the National anthem, persons in my generation may not feel deep connection to the old national anthem because I…
President Bola Tinubu has signed the National Anthem Bill 2024 earlier passed by the national assembly into law. The bill seeks to reinstate the old anthem, “Nigeria, We Hail Thee.” With the presidential assent to the Bill, “Arise O Compatriots” will no longer be recognised as Nigeria’s national anthem in official functions. Below is the lyrics of the new national anthem: Nigeria we hail thee Our own dear native land Though tribes and tongue may differ In brotherhood we stand Nigerians all, are proud to serve Our sovereign Motherland. Our flag shall be a symbol That truth and justice reign…
The Abia State chapter of the Peoples Democratic Party (PDP) has acknowledged that it made many mistakes during its 24 years rule in Abia State and has asked for Abians to forgive the party as it has learnt from its past mistakes. The Acting publicity secretary of the PDP in Abia State, Abraham Amah made this known over the weekend while addressing news men. He said, “We are proud to say that today, Abia PDP is learning from the enormous mistakes we have made and we’re committed to make sure that in the days, weeks and months ahead that those…
President Bola Ahmed Tinubu on Sunday flagged off the construction of the iconic Lagos-Calabar coastal road project from the zero point at Victoria Island in Lagos. The President had earlier on commissioned the completed Apapa-Oworosonki express in Lagos, which was started under President Muhammadu Buhari’s administration. The road was financed by the Dangote Group under the infrastructure tax credit scheme and constructed using concrete pavement technology by Hitech. The President also commissioned virtually, the completed rehabilitation of the 3rd mainland Bridge in Lagos with Minister of Works revealing that work is ongoing at the bridge and three other bridges in…