
News
Prof. Uwaleke predicts when Naira will recover, urges moving surplus to Infrastructure Fund
The indication was revealed at the 7th annual conference of the Guild of Corporate Online Publishers (GOCOP) by a professor of capital market, Uche Uwaleke.
The expert from the Nasarawa State University, Lafia, who is also the Special Adviser to the Senate Committee Chairman on Capital Market, told online publishers that the moment Nigeria can stop fuel import, about 54 per cent of the cost of fuel ought to drop.
This, he said, is because fuel importation accounts for 54 per cent of the fuel price, saying local refining alone ought to shed off this size of cost.
He said this should automatically reduce the bleeding of the naira and reduce inflation because fuel pushes prices of all other things up.
His advice thus Is that the FG should intensify all strategies to get the refineries working, then naira will firm up.
On the refineries, the expert urged the FG to sell or privatise government assets only at the Capital Market to ensure transparency, due process, corporate governance, and spread of equity to interested Nigerians.

“The NNPCL should be taken to the Capital Market, even if it’s a small percentage that is to be sold. This is because they will be under obligation to publish their records. Nigerians will take up equity in it. Saudi Arabia did so with Aramco where 5% was sold. Do part privatization of the refineries at the Capital Market,” he said.
He also said states and regions should cooperate and build joint ventures in businesses peculiar to their areas and on which they hold comparative advantage.
Uwaleke harped on the highly cherished One-State-One-Product (OSOP) concept and build industries in the products they have adopted. “It is a pity that what they put in the OSOP project is N1m per year. Why not pump huge sums especially from the surplus to it and boost industrial ventures in states.”
The professor pointed to what he called ‘Productive-Base Expansion/Diversification’, saying changing the structure of the economy from mono product to a multi-product one having capacity for multiple sources of forex is the way out.
In addition, he said it will be a boost to primary products to intermediate & finished products; and shift from import-dependency to export-led economy.
“Promoting industrial parks and Privatization of state-owned businesses such as NNPCL through the capital market for inclusive economic growth.”
In her welcome remarks, the president of GOCOP, Maureen Chigbo, said security was important as there can be no investment without security.
She explained the reason for the conference; “There is a new administration in town, so there is the need to assist them with professional information to build sound roadmap.”
Giving a background on GOCOP, and the choice of Abuja, the president, who is the publisher of RealNews online media outfit, noted the group is made up of mediapreneurs who she described as seasoned practitioners that have gone through it all.
She assured that GOCOP has created mechanisms to control and discipline any erring members to ensure credibility in online journalism.
The chairman of the conference, Prof Ishaq Oloyede, Registrar, Joint Admissions and Matriculation Board (JAMB), agreed with GOCOP leadership, saying it is a right time to set agenda for the new governments at the national and sub-national levels, thus the choice of your theme for this conference “Nigeria: Roadmap for Socio-economic Recovery and Sustainability” is apt and relevant.
He said the Nigerian state is undergoing tremendous pressure under an excruciating socio-economic environment. “The country’s Gross Domestic Product (GDP) though positive, has been growing at a declining rate over time. GDP growth was 5.01 per cent during Q2, 2021 compared with a growth of 2.51 per cent during Q2, 2023. Similarly, inflation rate worsened, as it increased from 19.64 per cent in July 2022 to 24 per cent by July 2023. “Much more worrisome is the value of the Naira. It has now depreciated to above N700/$1.00 in the official market and above N1,000/$1.00 at the parallel market. These economic phenomenal have further put pressure on the well-being of Nigerians.”
News
Obi donates N10 million to burnt hospital in Enugu
Presidential candidate of the Nigeria Democratic Congress (NDC) in the forthcoming 2027 general election, Mr. Peter Obi, has donated N10 million to assist in the renovation of the burnt Mother of Christ Specialist Hospital, Enugu State.
The former Anambra State governor handed over the cheque for the donation to the hospital management team when he visited the hospital yesterday.
The hospital belongs to the Reverend Sisters of the Immaculate Heart of the Catholic Church.

Mr Peter Obi inspecting the burnt hospital
Addressing the hospital management team after inspecting parts of the burnt hospital, the NDC presidential candidate commended them for their efforts in contributing to healthcare delivery services.
Telling them that even though they might feel that they were not being appreciated for what they were doing, Obi, however, described healthcare delivery services and education as among the “most critical needs of society” and urged them not to relent in what they were doing.

Accompanied during the visit by his Chief of Staff, Commissioner for Housing, as well as Special Adviser on Media when he was Anambra State governor, Prof. Stella Okunna, Prof. Patrick Obi, and Dr. Valentine Obienyem respectively, Obi assured the hospital management team that he would continue to support them.
Part of the hospital gutted by the inferno and inspected by Obi was the Children’s Ward.
Expressing gratitude on behalf of the hospital management, the Chief Medical Director of Immaculate Heart Hospital, Nkpor, Anambra State, Rev. Sister Dr. Maria Nkiruka Okafor, eulogised Obi for his sacrifices and selfless contributions to humanity.
Disclosing that Obi had already credited the hospital’s accountant with the N10 million donation and that he was even the person who called her to inform her that he had received the sad news of the inferno and promised to donate towards the renovation, Rev. Sister Okafor described him as a rare politician.
She prayed that God would grant him his ambition to become President of the country and enable him to achieve his desire to transform it.
News
FG, Enugu State target direct China-Enugu Cargo flights by December – Keyamo
The Federal Government and Enugu State Government are in talks to ensure the commencement of direct cargo flight operations between Enugu and Guangzhou, China, before the end of the year.
The Minister of Aviation and Aerospace Development, Barr Festus Keyamo, disclosed this in Lagos during the launch of the United Air’s newly acquired airplanes on Thursday.
The Minister added said the FG had affected a structural management overhaul at the Akanu Ibiam International Airport, also bringing the airport under a privately run operational framework.

Enugu Airline
“One of our prides in the South is the Enugu International Airport. The Enugu governor approached Mr. President, noting that the airport was not maximising its economic potential under standard bureaucratic structures, and requested to bring in private investors to run it. Mr. President gave the green light.
“As I speak with you, Enugu is now fully privately owned and fully supported by state government, with the clear objective of also turning it into a dedicated cargo hub for the entire Southeast.”

To this effect, therefore, Keyamo said that a high-level bilateral trade negotiations were ongoing with a view to securing direct logistics flights between China and the Southeast by the end of 2026.
“Just two days ago, the Enugu governor and I were actively negotiating the first direct cargo flight from Guangzhou, China, straight into Enugu.
“We are targeting December for the maiden flight. This will allow our Southeast merchants and traders in China to consolidate their goods into unified cargo accounts twice a week, flying straight into Enugu for seamless delivery to hubs like Onitsha and Aba,” he concluded.
It is recalled that Governor Mbah had in July 2025 launched Enugu Air, a state-owned airline, as part of the administration’s integrated blueprint for a modern, multimodal transport ecosystem and the vision to make Enugu a major aviation and logistics hub.
Since then, Enugu Air has grown its fleet from three at inception to six planes with plans to further increase it as it prepares to commence operations to regional destinations like Accra, Libreville, Abidjan in next few months and long haul flight operations to various destinations around the world by the end of the year.
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