
News
Fuel, Currency Crises: Ohanaeze, Akeredolu, others warn Buhari
• Ohanaeze Ndigbo Youths warn against looming crisis
• NANS threatens total shutdown, challenges NLC, TUC to speak up
• Northern Coalition wants reversal
A few days after the Kaduna State Governor, Nasir el-Rufai, blamed some persons he described as the “fifth columnists” for the persistent fuel and naira scarcity in the country, Chairman of the Southern Nigeria Governors’ Forum and Ondo State Governor, Rotimi Akeredolu, has called on President Muhammadu Buhari to address the issue before it snowballs into crisis.
Akeredolu, in a statement he personally signed, said the people were compelled to live under excruciating pains occasioned by the naira and fuel scarcity.
In the statement entitled “The President Must Intervene, Decisively, On The Crisis Of Distribution Of Petrol and Currency Notes”, the governor lamented that: “Nigerians are practically buying the country’s currency to feed, when we are not in a state of war.”
“This ugly development is already eroding the goodwill enjoyed by the Federal Government for the stability achieved in the past seven years,” he said.
Akeredolu said some unscrupulous elements were behind the scarcity in the distribution chain of both fuel and the new naira notes.
“Nigerians have been living with scarcity of petroleum products for some time now. Fuel scarcity, a phenomenon, which this current administration, had once, confined to the dustbin in the chronicle of happenings in an inglorious past, has suddenly assumed a permanent feature of our daily existence, and there appears to be no solution to the perennial crisis.

“The struggles and actual fights recorded in banking halls, Automated Teller Machine (ATM), Point of Sale (PoS) device, and markets across the country, are disquieting.
“The choice of this period for the implementation of a policy, which bears an instant negative impact with no discernible mitigation in sight, raises serious suspicion of partisanship on the part of the CBN.
“The ordinary man is the victim. Depositors can no longer access their monies, even to feed their families. Hunger was not the anticipated result of a monetary policy,” the governor said.
Meanwhile, the apex Igbo socio-cultural organisation, Ohanaeze Ndigbo Youth Council Worldwide, has alerted the Federal Government of a looming nationwide chaos, if it does not put an end to the hardship and poverty Nigerians are facing as a result of the redesigned of naira notes and acute shortage of fuel.
The group gave the warning, at the weekend, as Nigerians continued to go through worsening scarcity of the redesigned naira notes and high cost of petrol.
The youths alleged there was a plot by some elements to scuttle the 2023 general elections and therefore, undermine the nation’s democracy.
A statement by its National President, Mazi Okwu Nnabuike, said the Central Bank of Nigeria (CBN) should take action before it is too late, pointing out that the #EndSARS protest would be a child’s play compared to what might befall the nation in the next few days.
“How do we explain a situation where poor parents can no longer feed their children? How do we explain a situation where sick relatives are left to die because there is no money to buy drugs, whereas their money is trapped in the banks?
“We can no longer keep quiet in the midst of an avoidable chaos. There is no doubt that the policy, as rolled out by the CBN, was a good one, but there is also incontrovertible evidence that the apex bank was ill-prepared for the smooth implementation.”
Nnabuike continued: “This is why we warn that ‘enough is enough.’ If the CBN cannot make the new notes available, it should extend the deadline beyond February 10, and should allow the commercial banks to circulate the old notes pending such a time when the new notes would be available in the right quantity.”
“Anything short of this is an invitation to anarchy and avoidable chaos, as Nigerians are running out of patience. Images and videos from across the country say it all.”
In the same vein, the National Association of Nigerian Students South West (NANS Zone D), has threatened to shut down the country, if the Federal Government fails to address the lingering new naira and fuel scarcity.
This was contained in a statement in Ibadan by its Public Relations Officer, (NANS South West), Awoyinfa Opeoluwa.
The students’ body said it had found it necessary to address the press over the level of hardship being brought upon Nigerian students, workers and Nigerians, in general.
Opeoluwa said there was low cash flow, poor banking network, high cost of fuel and fuel scarcity, to mention but a few.
He called on President Muhammadu Buhari to act swiftly and arrest the situation.
Also, the Coalition of Northern Groups (CNG), is demanding an immediate reversal of the cash withdrawal limit policy of the Central Bank of Nigeria, and the time set for the exchange of old naira notes.
The group said that Nigerians should no longer be expected to continue to tolerate the high- handedness of the CBN Governor, Godwin Emefiele, that is already pushing the nation to the brinks.
A statement by CNG Spokesperson, Abdul-Azeez Suleiman, described Emefiele’s insistence on a short deadline for the naira swap and limit for cash withdrawal as “insensitive, irrational, un-thoughtful and a clear recipe for disaster.”
“The CNG finds it curious that an appointee of government would assume such arrogant larger than life status to push harsh difficult conditions on an entire nation just to achieve his personal desires.
“It is important for Emefiele to begin to accept the reality that no one owns Nigeria and Nigerians, and that the nation is angry and would not be expected to tolerate, accommodate or condone destructive actions by officials who choose to play God,” he said.
CNG warned that there is already a raging national anger over the mass sufferings brought about by the new regime of economic policies that are clearly not working.
“Already, confusion has set in, many households are going hungry, businesses are closing shops all across the country.”
He added: “It is the peak of official impunity to insist on the imposition of, and implementing a financial policy in an unstable economic environment that lacks the necessary infrastructure to operate it.
“Based on this, the CNG, hereby categorically, rejects in its totality, any further attempt to throw the nation into confusion by a single individual’s rigidity, whoever that individual may be.
“We condemn, with all our might, Emefiele’s suspicious rigid desperation to implement these policies without ensuring the intensification of public enlightenment about the cashless system so that everybody will be acquainted with the system, since there is a high rate of illiteracy.
“We reject these ignoble policies sought to be imposed on Nigerians without government providing uninterrupted power supply and adequate communication link.
“The imposition of these policies without addressing the issue of network failure is also suspicious, smacks of a hidden agenda and therefore unacceptable,” the statement said.
Akeredolu continued: “There is pervasive discontent in the land and unless some urgent redemptive steps are taken to ameliorate the debilitating effects of seeming desultory and nonchalant disruptions of their normal simple lives, a series of events with unpleasant consequences is inevitable.
“There is palpable anger engendered by frustration in the land. The wave of discontent increases with unbelievable rapidity across the country.
“The current hardship being experienced by the ordinary man forebodes unpleasant consequences. These crises may set in motion a chain of events, the end of which is better imagined.
“The Federal Government must make a categorical pronouncement on the availability of petrol and its price since it is the general belief that the country still pays humongous amounts as subsidy.
“A situation which permits a few individuals to inflict pains on the populace, seemingly without check, is deplorable. The CBN Governor, Godwin Emefiele, must come clean on the new monetary policy. Nigerians are practically buying the country’s currency to feed when we are not in a state of war.
“The fact that the ruling party hopes to present candidates for election in the general elections in the coming weeks accentuates the level of suspicion, as regards the possibility of having certain elements whose interests stand at variance with the general aspirations of the party and its committed members.
“There is no better way to de-market a brand than this ruthless execution of a pernicious motive. The Federal Government, through the President, must act now,” he said.
The Guardian
News
Remi Tinubu sparks debate after urging Nigerians to start akara, corn businesses
First Lady Oluremi Tinubu has come under fire on social media after encouraging Nigerians to consider small-scale ventures such as selling akara, roasted corn and kuli-kuli, saying the businesses require little capital to begin.
Tinubu made the remarks while speaking with correspondents following the second-quarter meeting of the Renewed Hope Initiative with wives of state governors at the State House in Abuja on Wednesday.
A video of her comments, shared by News Channel 247 on Friday, quickly generated widespread reactions online.
Speaking on the activities of the Renewed Hope Initiative, the First Lady said the programme had been providing grants, rather than loans, to vulnerable Nigerians to help them start businesses and improve their livelihoods.
“We’re trying to give hope, and to start Akara business doesn’t take a lot of money. To start roasting corn, or somebody even said kuli kuli doesn’t take much. We didn’t give them a loan; we gave it to them as a grant.
“So we’ve encouraged Nigerians as best as we could. What is within our hands, I have given, and I keep giving,” she said.

Tinubu also highlighted the initiative’s interventions in healthcare, education, agriculture and social investment, noting that she had personally supported several causes with substantial donations.
“I remember giving for TB. When I heard there were so many TB cases, I gave N2 billion. To breast cancer, I gave a billion. For food malnutrition, I gave half a billion.
“So those are the things we’ve been doing and making sure we can make sure that whatever this government is trying to do, it will see the light of day,” she stated.
According to the First Lady, the initiative has also provided scholarships, ICT training opportunities and support for agricultural and social investment programmes.
She urged Nigerians to remain hopeful despite the prevailing economic difficulties.
“The narrative has really changed, has changed to challenge the average man, whereas the average man is supposed to have hope. So I like the idea that Mr President say this is the Renewed Hope Agenda.
“We have to renew our hope, and that’s how we renew our hope, you know, and that’s what I have to tell Nigerians,” she said.
However, her comments on small-scale businesses triggered swift criticism, with many social media users accusing her of downplaying the severity of the country’s economic challenges.
An X user, @ADCVanguard_, said the video demonstrated “exactly how disconnected Nigeria’s ruling class has become from the reality of ordinary citizens.”
Another user, @ireteeh, compared the initiative’s interventions with private-sector efforts, writing: “The First Lady is empowering people with akara, corn, and kuli-kuli, while an ordinary citizen with limited resources is equipping people to build thriving careers in cybersecurity.”
A user identified as Nefertiti (@firstladyship) also criticised the remarks, saying, “Nigerians are in big trouble. There is fire on the mountain but the people are tired of running.”
Despite the backlash, some Nigerians defended the First Lady, arguing that there was nothing wrong with encouraging people to engage in small businesses.
One X user, @Akikanju1568901, described akara as “one of the most lucrative businesses in Nigeria,” noting that the trade has enabled many families to train their children in universities and acquire houses and cars.
Another user, @PemiOladapo, wrote: “There’s dignity in labour… these are our local snacks! People should start it and scale it!”
Meanwhile, another commentator, @TossynBankz_, argued that the issue was not the nature of the businesses but the broader economic context.
“Nobody is mocking akara, roasted corn, or kuli-kuli. Those are honest businesses. The problem is that Nigerians are asking for a better economy, more jobs, and lower prices. Telling people to start selling akara in this situation just feels like the government doesn’t understand what people are going through,” the user wrote.
News
BREAKING: Court nullifies NDC’s registration, overturns earlier ruling that directed INEC to register party
The Federal High Court sitting in Lokoja, Kogi State, has set aside its earlier judgment that compelled the Independent National Electoral Commission (INEC) to register the Nigeria Democratic Congress (NDC) as a political party.
The latest ruling effectively reverses the legal basis upon which the NDC had been listed by INEC, throwing the party’s status into uncertainty and preventing it from operating as a recognised political party for now.
Earlier this year, the NDC secured a Federal High Court judgement in Lokoja, Kogi State in Suit No. FHC/LKJ/CS/49/2025 directing INEC to register it, a development that sparked controversy among other political associations. The party’s inclusion on the electoral commission’s list was based solely on that court order.
However, the registration was challenged by rival political groups, particularly the All Democratic Alliance (ADA), which argued that the NDC failed to comply with statutory requirements for political party registration.
The challengers alleged that the party did not properly complete the application process through INEC’s designated portal and failed to submit essential documents, including its manifesto and other required materials.
Following the fresh legal challenge, the Federal High Court in Lokoja revisited the matter and vacated its previous judgment, agreeing that the earlier order compelling INEC to register the NDC should no longer stand.

The court’s decision means that the NDC is currently not an officially registered political party. As a result, the party cannot sponsor or field candidates in any election until it obtains formal recognition from INEC.
The judgment also effectively returns the party to the starting point of the registration process. To regain recognition, the NDC will either have to meet all of INEC’s registration requirements and apply afresh or challenge the latest judgment at the Court of Appeal.
For INEC, the ruling means the electoral commission is no longer under any legal obligation to register the NDC.
The court agreed with the commission’s position that there were legal issues surrounding the earlier order that compelled the registration, which may have involved procedural errors, timing, or failure to satisfy statutory conditions.
In practical terms, the court’s decision keeps the NDC off the list of officially recognised political parties unless it successfully overturns the ruling on appeal or completes the registration process in accordance with INEC’s guidelines.
The latest judgment marks a significant twist in the legal battle over the party’s registration and could have implications for its political ambitions ahead of future elections.
News
BREAKING: FG completes handover of Enugu Airport to Concessionaires, extols Mbah’s role
..Says Enugu-Guangzhou cargo flights to commence in a few months
…Mbah: Concession Opens New Economic Opportunities to S’East
…Aero Alliance: We’ll transform AIIA into Africa’s leading aviation hub
The Federal Government has officially handed over the Akanu Ibiam International Airport (AIIA), Enugu, to the concessionaires, Aero Alliance Limited, under a public-private partnership arrangement.
Following the execution of the handover certificates, assets register, and other relevant documentation, Aero Alliance will now undertake the financing, rehabilitation, expansion, operation, and management of the airport, ensuring that it meets and sustains internationally recognised standards of safety, efficiency, and passenger experience.
This was even as Governor Peter Mbah of Enugu State described the successful concession of the airport as a major breakthrough and opener of new economic opportunities for the South East, while Aero Alliance vowed to transform AIIA into one of Africa’s leading regional aviation, logistics, and commercial hubs.
Speaking during the handover ceremony at the international terminal of AIIA, Enugu, on Thursday, Minister of Aviation and Aerospace Development, Festus Keyamo, SAN, extolled President Bola Tinubu’s and Mbah’s roles in the realisation of the long-stalled concession plan.
“For 20 years, various governments have tried to concession some of our airports because of the belief that the private sector would run them more professionally and in a more commercially driven way.
“During the time of the previous administration when almost all the airports were advertised for concession, all the bidders avoided Enugu and Port Harcourt airports. There was not one bidder for Enugu and Port Harcourt. Everybody was rushing Lagos, Kano, and Abuja because many people want food that is ready.

“However, under the able leadership of President Bola Ahmed Tinubu and under the visionary leadership of people like Dr. Peter Mbah, the reverse is the case.
“Guess what? We have no bidder presently for Lagos, Abuja, and Kano. But Enugu and Port Harcourt are gone.
“Dr. Mbah went straight to Mr. President a few weeks after his inauguration and said, ‘This is my plan for the airport.’ The President minuted and said that we should give him all the assistance he needs to turn Enugu into an aviation and investment hub.
“Mbah started with Enugu Air, and now he has brought in capital, brought in investors for the airport.
“So, I just want to say that Dr. Peter Mbah came with a plan for Enugu. He did not come and begin to assess the situation. He is a governor who came into office with a plan. And today, we are glad that we have found in him the perfect partnership we need between the federal and the state governments,” Keyamo said.
On what is expected of Aero Alliance, he said, “We expect Aero Alliance Limited to discharge its responsibilities with the highest standards of professionalism, transparency, operational excellence, and commitment to safety.”
He also allayed fears over job losses, noting that the terms of agreement reached by Aero Alliance were such that they would create new jobs rather than trigger job losses.
In his remark, the Director-General of the Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefor, thanked President Tinubu for making the concession happen, describing it as historic and special for Nigeria.
He commended Mbah’s commitment to building infrastructure, extolling his international credibility and tenacity.
“That we are here today is because of the reputation of the governor. His reputation attracted the capital. Governor Peter Mbah is a miraculous governor. He has been coming to Abuja all the time for this. You can see when someone is prepared. You can see that he is very strategic and methodical in what he is doing.
“The Enugu Air and an agreement being signed from Guangzhou to Enugu are enough traffic to create viability,” Ewelefoh noted.
Meanwhile, Governor Mbah lauded the Tinubu Administration for the successful concession, saying that it marked the beginning of a new chapter in the journey to unlock the immense economic potential of the South East region.
“It opens a new chapter of economic possibilities because businesses across our region have for long grappled with logistics constraints that increased costs, lengthened delivery timelines, and limited competitiveness.
“We hope that future generations will look back to this day as the moment when Akanu Ibiam International Airport began its transformation into a truly world-class gateway serving the South East, connecting Nigeria to the world and opening new pathways to prosperity for millions of our people.
“So, today is a dream come true as we herald the promise of a South East that will be more connected, more competitive, more prosperous, and more visible on the global stage,” he emphasised.
While appreciating the Aero Alliance consortium for believing in the promise and potential of the Enugu airport, he urged undecided investors to come and invest in Enugu State.
The Managing Director of Aero Alliance, Saleem Hussain, assured that the consortium would put its over three decades’ experience in the aviation sector to work, focusing on connectivity, cargo and logistics, passenger experience, commercial development, and technology and operational excellence to transform AIIA into one of Africa’s leading aviation hubs.
The Managing Director of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, represented by the Director of Public Affairs and Consumer Protection, Mr. Henry Agbebire; Commissioner for Transport, Enugu State, Dr. Obi Ozor; and the Regional General Manager, FAAN, Hillary Umunna, all committed to making the concession work for the socioeconomic benefits of the region and the nation as a whole.
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