Author: Friday Omosola

The African Democratic Congress (ADC) has condemned the President Bola Tinubu administration’s recent celebration of Nigeria’s rebased Gross Domestic Product (GDP). The party labelled the celebration as a deceptive public relations exercise that masks underlying economic hardship. In a statement by Bolaji Abdullahi, the party’s National Publicity Secretary, dismissed the fanfare surrounding the new GDP figures as mere ‘economic cosmetics.’ READ ALSO: Ortom dismisses ADC coalition, says He’s staying in PDP Abdullahi stated that these rebased statistics do not translate into an improved quality of life for ordinary Nigerians nor do they address the fundamental crises gripping the economy. “Economic growth…

President Bola Tinubu has urged the Super Falcons to go all the way and clinch the 2024 Women’s Africa Cup of Nations (WAFCON) trophy. He made this call in a post on his X page following Nigeria’s 2-1 victory over South Africa’s Banyana Banyana in the semi-final clash. While congratulating the team, Tinubu described their win as well deserved, commending the players for their resilience and outstanding performance. READ ALSO: Nigeria, South Africa set for WAFCON heavyweight duel “Congratulations to our Super Falcons. Your incredible #WAFCON2024 semi-finals victory over South Africa today was nothing short of superlative. It was a magnificent…

FCT Minister Nyesom Wike has thrown his weight behind Governor Monday Okpebholo of Edo State over the controversy trailing the 2023 Labour Party (LP) presidential candidate Peter Obi’s recent visit to Benin City. Speaking at the commissioning of the new Edo Line transport terminal on Tuesday, Wike accused Obi of politicising a matter that should have been handled with discretion. He urged the former Anambra governor to stop “playing to the gallery.” READ ALSO: Peter Obi will never become Nigerian president – FCT minister Wike declares According to Wike, Obi failed to notify the state government of his visit on 7…

President Bola Tinubu has set a first-quarter 2026 deadline for the full operational take-off of the National Single Window (NSW) platform, an ambitious digital trade initiative aimed at transforming Nigeria’s import and export processes. Speaking on behalf of the President during the fifth meeting of the NSW Steering Committee on Tuesday at the State House in Abuja, Chief of Staff Femi Gbajabiamila emphasised the administration’s commitment to the timely implementation of the platform. He noted that recent tax reforms signed into law in June underscored the urgency of fast-tracking reforms needed to realise Nigeria’s $1 trillion economy target. READ ALSO: SERAP…

Former Vice President Atiku Abubakar has criticised the warning issued by Edo State Governor, Monday Okpebholo, to Labour Party presidential candidate, Peter Obi. The New Daily Prime earlier reported that Okpebholo insisted that Obi must obtain security clearance before entering the state. READ ALSO: “Deaths followed your visit” – Okpebholo tells Obi to stay away from Edo without clearance Reacting to the development, Atiku, who recently announced his resignation from the Peoples Democratic Party (PDP), described the warning as unacceptable. In a statement posted on his X page on Tuesday, he declared that any threat to the former governor of Anambra…

Governor Ademola Adeleke of Osun State has disclosed that the Peoples Democratic Party (PDP) in the state has endorsed President Bola Tinubu’s bid for a second term. In a statement shared on his X page on Tuesday, Adeleke said the endorsement followed a meeting with the PDP Leadership Caucus in Osogbo. He added that the decision came after weeks of consultations with various stakeholders across the state, including traditional rulers, civil servants, market leaders, and grassroots party members. READ ALSO: PDP announces 101st NEC meeting for July 23-25 The governor reaffirmed his loyalty to the PDP, describing it as the party…

Nigeria could have attained a $1 trillion economy if the nation had embraced its current fiscal and tax reform agenda a decade earlier, according to Taiwo Oyedele, Chairman of the Presidential Fiscal Policy and Tax Reforms Committee. Speaking yesterday at PwC’s ‘Executive Summit on Nigeria’s Tax Reform’ in Lagos, Oyedele stressed that past economic mismanagement, particularly concerning exchange rates, had severely hampered the country’s progress. Oyedele contended that without the bold reforms initiated by President Bola Tinubu’s administration in the past two years, Nigeria was on a perilous trajectory towards economic collapse, resembling nations like Zimbabwe and Venezuela. READ ALSO: Tax…

The Federal Government (FG) is fast-tracking the implementation of the National Single Window (NSW), a key initiative under President Bola Tinubu’s administration, to enhance transparency, curb revenue leaks, and streamline trade processes. Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, confirmed this commitment yesterday during his appearance before the National Assembly Joint Committee on Customs and Tariffs. He emphasised the government’s resolve to digitise trade operations, increase customs revenue, and formalise informal economic transactions. READ ALSO: FG health personnel to apply knowledge into service “We will soon implement one of His Excellency, Mr President’s legacy projects, the…

Vice President Kashim Shettima has issued a warning about the severe economic consequences of deforestation in Nigeria. He revealed that over 90% of the nation’s original forest cover has been depleted, with an alarming annual loss of more than 400,000 hectares. “This is not just an environmental crisis; it is an economic emergency,” Shettima declared on Monday while inaugurating the Nigeria Forest Economy Summit 2025 in Abuja. The summit, themed “Sustainability of Nigeria’s Forests: Unlocking the $2 billion potentials for economic and financial inclusion,” was organised by the Presidential Committee on Economic and Financial Inclusion (PreCEFI) Secretariat. READ ALSO: I was…

The Lagos State Government has reaffirmed its commitment to upgrading and constructing resilient drainage infrastructure to combat flash flooding across the state. Commissioner for the Environment and Water Resources, Tokunbo Wahab, gave the assurance during an inspection tour of ongoing drainage and urban regeneration projects. The tour included key flood-prone areas such as Onikoyi on Banana Island, Femi Pedro Avenue in Parkview Estate, and parts of Lagos Island. READ ALSO: Sanwo-Olu renews demand for special status for Lagos at constitution review hearing Wahab explained that once the Lagos Island regeneration project is completed, it will significantly address persistent flooding in the…