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Fuel subsidy removed to provide resources for infrastructure investments – Tinubu 

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Tinubu scraps Ministries of Niger Delta, Sports
President Bola Tinubu
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President Bola Ahmed Tinubu has said his administration took the decision to remove the subsidy on Premium Motor Spirit (PMS) because it will free up resources for critical investments in the country.

He also said the courageous steps to reform Nigeria’s macroeconomic environment is focused on restoring confidence in the nation’s economy.
The President spoke on Tuesday when he declared open the 17th Annual Chartered Institute of Bankers of Nigeria (CIBN) Banking and Finance Conference held in Abuja.

President Tinubu who was represented by Vice President Kashim Shettima, described this year’s theme for the CIBN Conference, ‘Accelerating Economic Growth and Development: The State of Play and the Way Forward,’ as both timely and imperative, noting that it came at a time the nation is grappling with interrelated challenges.

Explaining efforts being made to restore confidence in the nation’s economy, President Tinubu said, “We have taken bold steps to reform the macroeconomic environment. Our focus is on restoring confidence in the Nigerian economy through measures aimed at reducing inflation, stabilising the foreign exchange market, and improving fiscal management.

“Though painful in the short term, the removal of fuel subsidies is designed to free up budgetary resources for critical investments in infrastructure and social services, frequent adjustment of the monetary policy rate, a move aimed at curbing inflation and fostering a more market-oriented exchange rate system”.

President Tinubu also noted that his administration is committed to strengthening infrastructure development in the ongoing bid to grow Nigeria’s economy.

President Tinubu also called for collaboration across all sectors, including the government, private industry, and civil society organisations, saying, “To achieve sustained economic growth, we must intentionally align our policies and actions with the changing global landscape.

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“The government is committed to implementing reforms to enhance macroeconomic stability, reduce inflation, and support infrastructure development”. He said.

Speaking earlier, President/Chairman of CIBN, Prof. Pius Deji Olanrewaju, called for urgent introspection on Nigeria’s economic challenges, stressing the need for innovative solutions.

“We are on a journey to economic growth and prosperity,” Olanrewaju stated, acknowledging however that “the current challenges are things of concern.”

He emphasised that while the Central Bank of Nigeria has introduced several monetary policies to address these issues, their success hinges on “the professionalism and patriotism of operators in the financial services sector.”

In his goodwill message, Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said his Agency will help to sanitize the financial system and instill laws that fight financial crimes.

While noting that economic policies will progress where profit is not prioritized by stakeholders but the interest of the nation, the EFCC boss admonished bankers to have renewed commitment to services that will promote economic development and nation-building.

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I might not be alive to contest in 2027 – Peter Obi raises alarm over threats to his life

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Peter Obi, NDC Presidential candidate
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Presidential candidate of the Nigeria Democratic Congress, NDC, Mr Peter Obi, has cried out over alleged threat to his life.

Obi, who is a major contender ahead of the 2027 presidential election said he might not be alive to participate in the election.

According to him, there is obvious attack on everything that had to do with him, including his life.

The former Anambra state governor made the allegation during a podcast with Chude Jideonwo.

“The way they are going now I might not be alive,  I’m telling you every single thing I do for a living this government is frustrating it deliberately so.

“Everything, so there’s even a possibility if they have opportunity I will not be alive. I get frustrations every day because you do things that may think it may be normal it is not normal they won’t come directly and say oh we are doing this but you could see their hand in eventually everything.

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“The government is attacking everybody, I am being attacked personally even to provide me with things I am entitled to, not at all,” he said.

He recalled how his vehicle was clamped down at the airport while he was right there, whereas other vehicles lined up on the same spot were untouched.

Obi further that stated that even close associates were beginning to avoid him over fear of government clampdown.

He disclosed that friends now send him invitations for occasions but tell him not to bother attending.

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Yilwatda hails Tinubu’s intervention funds as a promise kept

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President Tinubu and APC National Chairman, Prof Yilwatda
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The National Chairman of the All Progressives Congress (APC), Professor Nentawe Yilwatda, has said that the intervention programmes of the administration of President Bola Ahmed Tinubu have continued to demonstrate that the Renewed Hope Agenda is delivering tangible economic benefits to millions of Nigerians through strategic investments in entrepreneurship, small businesses, and youth empowerment.

According to Professor Yilwatda, the Presidential Intervention Funds represent yet another example of the Tinubu administration fulfilling its campaign promises by providing the critical financial support needed to stimulate enterprise, create jobs, and deepen economic inclusion across the country.

In a statement by his Special Adviser on Media and Information Strategy, Abimbola Tooki, the National Chairman noted that for decades, access to affordable financing remained one of the biggest obstacles confronting Micro, Small and Medium Enterprises (MSMEs), despite their enormous contribution to national economic growth and employment generation.

The current administration, he said, has deliberately moved to address this challenge through targeted intervention programmes that are unlocking the entrepreneurial potential of Nigerians.

“The Tinubu administration understands that sustainable economic growth begins with empowering the productive sector. By supporting small businesses and young entrepreneurs, government is laying the foundation for long-term prosperity and shared economic progress,” he stated.

Professor Yilwatda highlighted the ₦75 billion Presidential Intervention Fund for MSMEs as a landmark initiative designed to provide accessible financing for small businesses across various sectors of the economy.

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He said the programme is enabling entrepreneurs to expand their operations, increase productivity, and create employment opportunities.

He further pointed to the ₦11 billion support package through the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), describing it as a strategic investment in strengthening the capacity and competitiveness of Nigerian small and medium enterprises.

The APC National Chairman also commended the ₦30 billion Youth Entrepreneurship Fund through the Niger Delta Development Commission (NDDC), noting that the initiative reflects President Tinubu’s commitment to equipping young Nigerians with the resources required to transform innovative ideas into successful businesses and become drivers of national development.

Professor Yilwatda emphasized that these interventions are already making meaningful differences in the lives of ordinary Nigerians. Across the country, young entrepreneurs, artisans, farmers, traders, tailors, manufacturers, and other small business owners are accessing capital to expand their businesses, employ more people, and contribute to the economic development of their communities.

He explained that the impact extends beyond individual beneficiaries, creating a multiplier effect through increased productivity, higher household incomes, stronger local economies, and expanded opportunities for wealth creation.

“The APC remains committed to building an economy that works for all Nigerians. These intervention funds are not mere policy announcements; they are practical investments in the dreams and aspirations of millions of our people.

“The evidence is clear. Businesses are receiving support, young people are being empowered, jobs are being created, and economic inclusion is expanding. This is governance that delivers results, and it is another demonstration that President Bola Ahmed Tinubu is keeping his promises to the Nigerian people,” Professor Yilwatda said.

He reaffirmed the commitment of the APC and the Tinubu administration to implementing policies that promote entrepreneurship, stimulate investment, strengthen local industries, and build a resilient economy capable of delivering sustainable prosperity for all Nigerians.

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Ex-Minister Uche Nnaji set for arraignment as ICPC files six criminal charges over alleged certificate forgery

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Uche Nnaji when he was arrested by security operatives
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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has filed a six-count criminal charge against former Minister of Innovation, Science and Technology, , over alleged certificate forgery and related offences.

The charges, filed before the Federal High Court in Abuja, are contained in suit number FHC/ABJ/CR/389/2026, with the Federal Government listed as the complainant and Nnaji as the sole defendant.

According to the charge sheet, the ICPC accused the former minister of receiving N29.58 million in salaries and allowances while serving in office, alleging that he ought to have known the funds were proceeds of an unlawful act arising from corruption and fraud. The commission said the action contravenes provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.

The anti-graft agency also alleged that Nnaji used his office to confer corrupt advantage on himself and knowingly presented false information to the Federal Government by submitting forged > (NYSC) and (UNN) certificates during his ministerial appointment in 2023.

In separate counts, the ICPC accused him of producing and using as genuine a forged NYSC Certificate of National Service and a forged UNN degree certificate, offences punishable under the Penal Code.

The filing of the charges follows Nnaji’s arrest last Wednesday after arriving in Abuja from Enugu aboard a chartered flight.

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The prosecution stems from an investigation published by Premium Times, which alleged that Nnaji forged his university degree and NYSC certificates submitted to President and the Nigerian Senate during his ministerial confirmation.

The newspaper reported that the confirmed Nnaji was admitted in 1981 but neither graduated nor was issued a degree certificate, while the NYSC also reportedly disowned the discharge certificate attributed to him.

Nnaji resigned as minister shortly after the allegations became public. He has since defected from the APC to PDP , where he emerged as the governorship candidate of a faction of the party for the 2027 Enugu governorship election.

He is expected to be arraigned before the Federal High Court in the coming days.

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