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Prof. Uwaleke predicts when Naira will recover, urges moving surplus to Infrastructure Fund

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•Professor of capital market, Uche Uwaleke
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Nigerians have been told when the ailing naira may bounce back to reduce hyper inflation and pains on the citizenry.

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.

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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.”

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Oji River women mobilise support for Governor Mbah, APC ahead of 2027 polls

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…Dame Madueke: Mbah’s investments in Education, Healthcare, Infrastructure transforming Oji River

Women of Oji River Local Government Area of Enugu State have pledged their support for Governor Peter Mbah and the All Progressives Congress (APC) ahead of the 2027 general elections.

The women made their position known on Sunday at a gathering organised by the Enugu State Commissioner for Culture and Tourism, Dame Ugochi Madueke, at her country home in Inyi, Oji River LGA, as part of activities to celebrate womanhood and highlight the achievements of the Governor Peter Mbah administration in the council area.

Madueke said the event was organised to bring together women from Oji River irrespective of their political, religious or community affiliations, while also providing an opportunity to showcase projects and programmes executed by the state government in the area.

She said the Mbah administration had established 20 Smart Green Schools and 20 Type 2 Primary Healthcare Centres in Oji River, while work was progressing on the Umabi-Ehuhe Achi and Enugu-Aku-Inyi roads.

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The commissioner also commended Governor Mbah for appointing indigenes of Oji River to various positions in his administration, as well as supporting women through different empowerment initiatives, including monthly financial assistance facilitated by the wife of the governor, Mrs Nkechinyere Mbah.

“Today, we are giving out a lot of wrappers, rice, food and empowerment for the women. We also have a medical team that will check their vitals and everything,” she said.

Madueke disclosed that the gathering was also used to assess Permanent Voter Card (PVC) ownership among participants, noting that only women with PVCs were welcomed into the venue.

While noting that more than 3,000 women attended the gathering, she attributed the large turnout to sustained sensitisation efforts by the Executive Chairman of Oji River Local Government Area, Mr Greg Anyaegbudike.

The commissioner said the women had resolved to support Governor Mbah and APC candidates in the 2027 elections.

“We promise him that come 2027, Oji River will deliver votes for APC from top to bottom,” she declared.

Dame Madueke said the gathering was also a demonstration of the important role women play in community development and political participation, adding that the initiative was aimed at strengthening unity among women in Oji River and creating a platform for them to engage with government programmes and development initiatives.

She said the administration’s investments in education, healthcare, infrastructure and human capital development had created tangible benefits for communities across the state, including Oji River.

Speaking, the wife of the council chairman, Mrs Uche Anyaegbudike, said women across Oji River had benefited from various empowerment and welfare programmes.

She said the initiatives had provided uniforms and wrappers to women, while petty traders, church groups and other beneficiaries had received financial assistance.

According to her, about 150 women received N100,000 each during the previous August meeting, while 20 women currently receive N100,000 monthly under an empowerment scheme.

She said the interventions had enabled beneficiaries to expand their businesses and improve their livelihoods.

Also speaking, the council chairman, Mr Greg Anyaegbudike, described the large turnout as evidence of the women’s support for Governor Mbah and the APC.

He said the women were not compelled to make any political declaration, stressing that their support was based on the impact of the administration in the council area.

“What you see here is that the crowd is organic. You can see old women coming out in their various uniforms and various groups coming here to say it is Peter Mbah.

“This is about the Smart Green Schools, the hospitals, human capital development and scholarships,” he said.

Anyaegbudike further disclosed that more than 123 indigenes of Oji River were currently benefiting from the state government’s scholarship programme for students in higher institutions.

The Commissioner for Children, Gender Affairs and Social Development, Mrs Ngozi Enih, urged the women to sustain their support for Governor Mbah and the APC.

Enih said the governor had demonstrated commitment to improving infrastructure, human capital development and the welfare of residents across Enugu State.

She also commended Madueke for bringing the women together and creating a platform for them to celebrate womanhood, highlight government interventions and discuss further development in Oji River.

The Chief of Staff to the Governor, Barr. Victor Udeh, was among other dignitaries who attended the event.

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GOCOP mourns former President Dotun Oladipo

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Dotun Oladipo died at age 56
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The Guild of Corporate Online Publishers (GOCOP) has expressed sadness over the death of its former President, Dotun Oladipo, publisher of The Eagle Online.

Oladipo died on Tuesday, August 25, 2026, at the age of 56.

He was President of GOCOP from 2017 to 2021 and was one of the publishers who helped shape the Guild in its early years.

His death is a loss to GOCOP and the wider Nigerian media community.

Oladipo came into online publishing with years of experience in the traditional media. He had worked as a journalist and editor before moving into digital publishing and bringing that experience to The Eagle Online.

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At a time when online news publishing was still developing in Nigeria, he was among those who saw the need for publishers to come together, share ideas and build a stronger professional community.

That was also the period when GOCOP was growing from an association of online publishers into an organisation with a clear identity and a growing presence in the Nigerian media industry.

As President between 2017 and 2021, Oladipo devoted considerable time to the affairs of the Guild. He represented GOCOP at different engagements and worked with members as the organisation dealt with the opportunities and challenges that came with the rapid growth of online publishing.

GOCOP President, Danlami Nmodu, said Oladipo’s death was painful for the Guild.

“Dotun played an important role in the development of GOCOP. He led the Guild for four years at a time when there was still a lot of work to be done to establish online publishers as an important part of the media. His contribution will always be remembered,” Nmodu said.

He said Oladipo brought his experience as a journalist and publisher to the leadership of the Guild.

“Dotun understood journalism and he understood the business of publishing. He was passionate about the place of online media in Nigeria and he gave his time to the growth of the Guild. We are saddened by his passing,” Nmodu said.

Oladipo’s involvement in journalism began long before the emergence of online publishing as a major source of news in Nigeria. His career in the mainstream media gave him a grounding in reporting, editing and newsroom management.

He later became publisher of The Eagle Online, joining a group of journalists and publishers who moved into the digital space as the internet changed the way Nigerians received and shared news.

His years in GOCOP coincided with a period of rapid growth in online publishing. More news platforms were emerging, social media was changing the way stories reached readers, and online publishers were becoming increasingly important to the Nigerian media industry.

GOCOP said Oladipo’s contribution should be seen against this background.

The Guild also remembered him as a colleague who maintained relationships with publishers across the country and took an active interest in the affairs of the organisation even after leaving office.

GOCOP extended its condolences to Oladipo’s family, the management and staff of The Eagle Online, and his friends and colleagues in the media industry.

The Guild said it would work with his family and associates on plans to honour his memory.

Signed

Kemi Yesufu
Publicity Secretary
Guild of Corporate Online Publishers (GOCOP)

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Unknown gunmen abduct Dangote Cement driver in Ogun

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Unidentified gunmen have abducted a Senior driver with Dangote Cement Company, Ibese, Usman Umar, popularly called ‘Baba Olowo’, at Ajibawo Village near Ijako-Orile, Yewa North Local Council of Ogun State.

The Guardian learnt that Umar was abducted at midnight on Wednesday while he was returning home from work and was allegedly attacked in front of his residence.

Sources said that on getting to his residence, three men attacked him as soon as he alighted from his motorcycle.

It was said that the kidnappers forcefully dragged him into a nearby bush, shooting sporadically into the air to frighten residents and deter them from attempting to intervene.

The abductors, it was gathered, did not come with a vehicle but whisked away the victim on foot along the bush path.

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Security operatives have reportedly launched a rescue operation to locate the victim and bring the perpetrators to Justice.

As of the time of filing this report, the whereabouts of Umar remained unknown, while details of possible ransom demands or communication from the abductors were not immediately available.

Efforts to reach the Spokesperson of the Police in Ogun State, DSP Oluseyi Babaseyi, proved abortive as he was not picking up his WhatsApp calls or messages. (The Guardian)

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