Author: Adekunle

In a significant vote of confidence in Nigeria’s economic management, Moody’s Ratings has upgraded the country’s sovereign credit rating from Caa1 to B3, citing improvements in external reserves, fiscal consolidation, and a more stable macroeconomic outlook. The outlook was also revised from positive outlook to stable outlook, reflecting expectations that these reforms will continue to take root. This marks another major validation of the economic reform agenda spearheaded by Mr. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, under the leadership of President Bola Ahmed Tinubu. According to Moody’s, the upgrade is driven…

By Khalil Suleiman Halilu In 1961, South Korea was a textbook case of despair. Per capita income sat below $100. Literacy rates hovered around 30%. Samsung was still a grocery trading company, and Hyundai was repairing fishing boats. But instead of outsourcing its future, Korea placed a bold bet—on its people, its industries, and on disciplined, deliberate execution. Today, Samsung’s market cap exceeds $260 billion. Hyundai earned over $120 billion in revenue last year. For perspective, Nigeria’s entire 2024 federal budget is about $20 billion. The lesson here isn’t to idolize Korea—it’s to recognize what becomes possible when a…

The latest so-called “report” by Amnesty International on insecurity in Nigeria reads less like a credible human rights document and more like a poorly written political pamphlet—riddled with inaccuracies, inflated figures, and a stunning disregard for truth. Security Watch Network for Good Governance is appalled—but not surprised—by Amnesty International’s continued descent into irrelevance, dishonesty, and outright sabotage. This latest report, which claims that over 10,000 Nigerians have been killed and more than 672 villages “sacked” since President Bola Ahmed Tinubu assumed office, is nothing short of reckless propaganda. It deserves to be thrown in the dustbin of discredited…

The Federal Government has reaffirmed its commitment to responsible fiscal management and economic transformation with the submission of the proposed 2024–2026 External Borrowing Rolling Plan to the National Assembly. The request, formally presented on May 27, 2025, by President Bola Ahmed Tinubu, GCFR, outlines a structured, multi-year borrowing framework designed to fund priority projects across critical sectors of the Nigerian economy. The Federal Ministry of Finance released a detailed statement on Tuesday to clarify the rationale, scope, and strategic importance of the borrowing plan. According to the statement, the borrowing plan forms an integral part of the…

Diplomacy, today, shapes the flow of trade, capital, security, and global influence. The role of any country’s Foreign Affairs Minister has become more critical than ever. Nigeria included. Under Ambassador Yusuf Maitama Tuggar, Nigeria’s foreign policy is being recalibrated particularly to reenergize and serve the economic and political goals of the President Bola Tinubu’s Renewed Hope Agenda. In less than a year in office, Ambassador Tuggar has demonstrated why the Ministry of Foreign Affairs remains a strategic engine of national development and international legitimacy. From Berlin to Brussels, Tuggar’s foreign policy engagements are rooted in a clear economic imperative:…

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, today hosted a high-level delegation from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), led by Mr. Hassan Idriss, Director of Legal Affairs. The engagement underscores Nigeria’s efforts to deepen strategic financial partnerships and accelerate the delivery of critical infrastructure projects in line with national development priorities. During the meeting, ICIEC reaffirmed its strong support for Nigeria’s economic agenda, expressing readiness to provide credit and political risk guarantees that can unlock private capital and de-risk large-scale investments. These instruments are…

Management of the Niger Delta Power Holding Company (NDPHC) Limited has bemoaned close to N600 billion debt owed the company by Nigeria Bulk Electricity Trading (NBET) and their bilateral entities. A statement by its Managing Director of NDPHC, Engr. Jennifer Adighije, in Abuja on Sunday, said the debt is hindering the company’s operations. It also lamented dismal uptake of electricity from the electricity market, gas supply challenges, and transmission constraints, saying they significantly weigh down its operations. She stated that the company had made several attempts to enter into a Power Purchase Agreement (PPA) with NBET to no…

Under the leadership of Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy, the country is beginning to witness tangible signs of economic stabilization, reform momentum, and a return of investor confidence. While economic challenges persist, the bold steps being taken at the federal level are laying a solid foundation for sustainable growth, job creation, and industrial revival—offering Nigerians a compelling reason to remain hopeful. At the 2025 IMF-World Bank Spring Meetings in Washington D.C., Mr. Edun led a high-powered Nigerian delegation that included the Governor of the Central Bank, CEOs of major financial institutions,…

Today, political leadership has increasingly become intertwined with media spectacle. Leaders want to be populists and charge their people through propaganda, fear and admiration—all at the same time—to curry their affection and loyalty. The Governor of Borno State, Professor Babagana Umara Zulum may be guilty of this. Known for his hands-on approach and ubiquitous presence on the streets of Maiduguri, Professor Zulum has captured national attention as a governor who appears to be perpetually in motion—inspecting schools, visiting displaced persons camps, and engaging directly with the citizenry. This ground-level visibility has earned him praise as a “people’s governor,” a…

The National Agency for Science and Engineering Infrastructure (NASENI) and the Presidential Implementation Committee on Technology Transfer (PICTT) said the Federal Government is committed to promoting female engineers by supporting women-led innovation. Speaking at the Agency’s headquarters on Monday, May 19, 2025, during the launch of the second phase of the Developing Engineering Leaders Through Her (DELT-Her) proposal portal, the Executive Vice Chairman/CEO of NASENI, Mr. Khalil Suleiman Halilu emphasized the goal of doubling the number of female engineers in Nigeria within five years. He described DELT-Her as a movement encouraging women to lead, with NASENI offering support through…