Author: Adekunle

National Security Adviser (NSA), Mallam Nuhu Ribadu, has played a pivotal role in brokering peace between the leadership of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Dangote Petroleum Refinery, bringing an end to a dispute that had threatened industrial harmony in the sector. Ribadu, who assumed the role of chief conciliator in the negotiations, steered discussions that culminated in a breakthrough after two days of intensive meetings. The Federal Government announced on Wednesday that both parties reached a mutually beneficial resolution under his guidance. As part of the agreement, the Dangote Group…

The Federal Government has reaffirmed its commitment to uninterrupted supply of refined petroleum products in the country, with the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, taking the lead in steering discussions to strengthen stability in the downstream oil sector. Chairing the meeting of the Steering Committee of the Domestic Crude Oil and Refined Products Sales in Local Currency Initiative earlier today, Mr. Edun addressed recent concerns in the sector, notably the purported suspension of the Naira-for-crude oil arrangement by the Dangote Refinery—which has since been amicably resolved—as well as issues raised by…

The Federal Government strongly condemns and categorically refutes recent allegations by certain international platforms and online influencers suggesting that terrorists operating in Nigeria are engaged in a systematic genocide against Christians. Such claims are false, baseless, despicable, and divisive. Portraying Nigeria’s security challenges as a targeted campaign against a single religious group is a gross misrepresentation of reality. While Nigeria, like many countries, has faced security challenges, including acts of terrorism perpetrated by criminals, couching the situation as a deliberate, systematic attack on Christians is inaccurate and harmful. It oversimplifies a complex, multifaceted security environment and plays into the hands…

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, is intensifying efforts to secure Nigeria’s food supply chain through targeted reforms in seed certification. During a courtesy visit to the Honourable Minister of Agriculture and Food Security, Senator Abubakar Kiyari, Mr. Edun alongside his Ministerial counterpart underscored the central role of agriculture in the government’s economic strategy. Discussions focused on expanding access to certified seeds, introducing a decentralised certification system with rigorous quality standards, and accelerating preparations for the upcoming dry season farming programme. These reforms are expected to improve seed quality and…

National Security Adviser (NSA), Mallam Nuhu Ribadu, has been directed by President Bola Ahmed Tinubu to spearhead immediate engagement with the Nigerian National Petroleum Company Limited (NNPCL), the Ogoni people, and other stakeholders to finalise modalities for the resumption of oil production in Ogoniland. The directive came on Wednesday at the State House, Abuja, where President Tinubu received the report of the Presidential Committee on the Ogoni Consultations, chaired by Professor Don Baridam. The report was presented in the presence of Rivers State Governor, Siminalayi Fubara, who led the Ogoni delegation. In his remarks, Ribadu explained that the…

Nigeria’s Finance Minister and Coordinating Minister of the Economy, Wale Edun, last week underscored the government’s determination to sustain economic recovery as he chaired a meeting of the Economic Management Team (EMT) that unveiled a landmark livestock development strategy. The meeting also took the presentation of the National Livestock Growth and Advancement Strategy (NL-GAS) by the Minister of Livestock Development, Idi Mukhtar Maiha. The ten-year, two-phased plan aims to double Nigeria’s herd size and expand sectoral output by at least 100 percent by 2035. It emphasizes robust public–private partnerships to modernize production, enhance food security, and strengthen value chains…

“It’s a proof that Nigerian ingenuity can compete with the world.” – VP Shettima In a bid to boost food security in Nigeria, the National Economic Council (NEC) has endorsed solar-powered irrigation pumps produced by the National Agency for Science and Engineering Infrastructure (NASENI) for national rollout ahead of the 2025 dry season farming. The NASENI solar irrigation pump, produced to replace the petrol-powered pump, is aimed at reinforcing the nation’s food security strategy, as it is expected to increase agricultural productivity, lower operational cost, higher incomes and improve livelihoods. At its 152nd meeting held on Thursday at Presidential Villa,…

The Federal Government has disbursed N330 billion in cash transfers to poor and vulnerable Nigerians through the National Social Safety-Net Coordinating Office (NASSCO). “We are pleased to report that the social protection programme put in place as a safety net to help people cope with the rising price level is now firmly back on track,” the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, said. He spoke on Wednesday in Abuja at a meeting of the Special Presidential Panel on the Social Investment Programme. “About 19.7 million poor and vulnerable households, representing more than…

Nigeria’s telecommunications industry emerged as one of the least sources of consumer complaints, according to fresh data from the Federal Competition and Consumer Protection Commission (FCCPC). The commission’s latest sectoral complaints report shows that while banks, fintechs, and fast-moving consumer goods companies dominated grievance lists between March and August 2025, telecoms recorded relatively fewer cases compared to other critical sectors. Out of more than 9,000 complaints handled during the period, the banking sector accounted for the largest share with 3,173 disputes, followed by the FMCG sector (1,543) and fintech firms (1,442). The electricity sector drew 458 complaints, while…

In a move widely applauded by industry stakeholders, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, has ordered the immediate suspension of the 4% Free on Board (FOB) charge recently introduced by the Nigeria Customs Service on all imported goods. The decision, conveyed through the Office of the Permanent Secretary, Finance (Special Duties), followed extensive consultations with trade experts, businesses, and relevant government agencies and reflects the government’s sensitivity to the concerns of importers and manufacturers who had warned that the levy would worsen the cost of doing business in Nigeria. According to…