FEATURES
President Bola Tinubu has approved the reconstitution of the Executive Management of 12 River Basin Development Authorities under the Ministry of Water Resources.
Tinubu’s Special Adviser on Information and Strategy, Mr. Bayo Onanuga, revealed this in a statement signed and released on Wednesday titled ‘President Tinubu approves Executive Management for River Basin Development Authorities.’
They are:
OGUN-OSUN RIVER BASIN DEVELOPMENT AUTHORITY, ABEOKUTA (Lagos, Oyo, Ogun and Osun)
1. Odebunmi Olusegun – Chairman (Oyo)
2. Dr. Adedeji Ashiru – Managing Director (Osun)
3. Ayo Oyalowo – Executive Director, Finance (Oyo)
4. Dokunmu Oyekunle – Executive Director, Planning and Design (Ogun)
5. Suleiman Oris – Executive Director, Agric Services (Lagos)
6 . Julius Oloro – Executive Director, Engineering (Lagos)
UPPER BENUE RIVER BASIN DEVELOPMENT AUTHORITY, YOLA. Adamawa, Taraba, Gombe and Bauchi)
1. Sanusi Babantanko – Chairman (Bauchi)
2. Samuel Mahmud Mohammed – Managing Director (Taraba)
3. Usman Bakare – Executive Director, Engineering (Taraba)
4. Ibrahim Jalo – Executive Director Finance (Gombe)
5. Isa Matori – Executive Director, Planning and Design Part of Bauchi
6. Hamman Dikko – Executive Director, Agric Services (Adamawa)
CHAD BASIN DEVELOPMENT AUTHORITY, MAIDUGURI (Borno, Yobe, and Adamawa)
1. Prof. Abdu Dauda – Chairman (Borno)
2. Tijjani Tumsa – Managing Director (Yobe)
3. Bashir Baale – Executive Director, Finance (Yobe)
4. lliyasu Muazu – Executive Director, Agric Services (Adamawa)
5. Mohammed Shetima – Executive Director, Engineering (Borno)
6. Vrati Nzonzo – Executive Director, Planning and Design (Borno)
BENIN-OWENA DEVELOPMENT AUTHORITY (Edo, Delta North, Ondo and Ekiti)
1. Mike Ezomo – Chairman (Edo)
2. Femi Adekanbi – Managing Director (Ondo)
3. Dr. Austin Izagbo – Executive Director Planning and Design (Delta)
4. Johnson Oghuma – Executive Director, Agric Services (Edo)
5. Adegboyega Bamisile – Executive Director Finance (Ekiti)
6. Bayode Akinduro – Executive Director Engineering (Ondo)
NIGER DELTA BASIN DEVELOPMENT AUTHORITY (Rivers, Bayelsa and parts of Delta)
1. Ebikemi Bosin – Chairman (Delta)
2. Amgbare Ebitimi – Managing Director (Bayelsa)
3. Mary Alagoa – Executive Director Finance (Rivers)
4. Dr. Austin Izagbo – Executive Director, Engineering (Delta)
5. Felix Kurogha – Executive Director Agric Services (Bayelsa)
6. Dr. Nnamdi Akani – Executive Director, Planning and Design (Rivers)
UPPER NIGER RIVER BASIN DEVELOPMENT AUTHORITY, MINNA (Niger, Kaduna and FCT)
1. Haruna Usman – Chairman (Niger)
2. Dangajere Jaja – Managing Director (Kaduna)
3. M o h a m m e d Usma – Executive Director, Finance (Niger)
4. Dr. Abdullahi Kutso – Executive Director, Planning and Design (Niger)
5. Ayuba Tedde – Executive Director, Agric services (FCT)
6. John Hassan – Executive Director, Engineering (Kaduna)
LOWER NIGER RIVER BASIN DEVELOPMENT AUTHORITY, ILORIN (Kwara and Kogi)
1. Abdullateef Alakawa – Chairman (Kwara)
2 . George Olumoroti – Managing Director (Kogi)
3. Babajamu Adeniran – Executive Director, Engineering (Kwara)
4. Hon. Abdullahi Sadiq – Executive Director, Agric Services (Kogi)
5. Alanamu Abolere – Executive Director, Planning and Design (Kwara)
6. Abidemi Adeyemi – Executive Director Finance (Kogi)
LOWER BENUE RIVER BASIN DEVELOPMENT AUTHORITY, MAKURDI (Benue, Plateau, Nasarawa and Kogi)
1. Dr Amos Yadukso – Chairman ( Plateau )
2. Ninga Terese – Managing Director (Benue)
3. Chris Takar – Executive Director, Engineering (Benue)
4. Yusuf Omaaki – Executive Director, Finance (Nasarawa)
5. Hassan Omale – Executive Director, Agric Services (Kogi)
6. Okibe Ogomola – Executive Director, Planning and Design (Benue)
ANAMBRA – IMO RIVER BASIN DEVELOPMENT AUTHORITY, OWERRI (Anambra, Imo, Enugu, Abia and Ebonyi)
1. Emmanuel Anosike – Chairman (Anambra)
2. Emeka Nduka – Managing Director (Imo)
3. Nwebonyi Nkechi – Executive Director Finance (Ebonyi)
4. Evaristus Asadu – Executive Director, Engineering (Enugu)
5. Onukwubiri Ojigwe – Executive Director, Agric Services (Abia)
6. Abigail Igwe – Executive Director, Planning and Design (Anambra)
HADEJIA JAMAERE RIVER BASIN DEVELOPMENT AUTHORITY, KANO (Kano, Jigawa and Bauchi)
1 . Mamman Aliyu – Chairman (Jigawa)
2. Rabiu Bichi – Managing Director Director (Kano)
3. Tijjani Isa – Executive Director, Planning and Design (Jigawa)
4. Zainab Gamawa – Executive Director Agric Services (Bauchi)
5. Baffa Abdulkadir – Executive Director, Engineering (Kano)
6. Musa Kwankwaso – Executive Director Finance (Kano)
CROSS RIVER BASIN DEVELOPMENT AUTHORITY (Cross River and Akwa Ibom)
1. Mr. Wabilly Nyiam – Chairman (Cross River)
2. Glory Oho – Managing Director (Akwa Ibom)
3. Effiwatt Eyo – Executive Director Finance (Cross River)
4. Ebiere Udoh – Executive Director, Agric Services (Akwa Ibom)
5. Charles Akpan – Executive Director, Engineering (Akwa Ibom)
6. Dr. Ndom Abia – Executive Director, Planning and Design (Akwa Ibom)
SOKOTO RIMA BASIN DEVELOPMENT AUTHORITY (Sokoto, Kebbi, Zamfara and Katsina)
1. Bello Wurno – Chairman (Sokoto)
2 Abubakar Mallam – Managing Director (Kebbi)
3. Kabiru Maigoro – Executive Director, Planning and Design (Zamfara)
4. Abubakar Ibrahim – Executive Director, Finance (Katsina)
5. Muttaka Jikamshi – Executive Director, Agric Services (Katsina)
6. Mansur Aminu – Executive Director, Engineering (Zamfara)
President Tinubu expects the appointees to use their wealth of experience to bolster the efficiency of the organisations, in line with the administration’s commitment to bettering the lives of citizens.
[Punch]
Senate President Godswill Akpabio has expressed disappointment over criticisms of the four tax reform bills currently before the National Assembly.
He criticized those opposing the bills, accusing them of failing to study their content before voicing dissent.
In his address during the presentation of the 2025 national budget to a joint session of the federal parliament, Akpabio stated, “It is disheartening that those who have not taken the time to understand these bills are the loudest critics. I urge all Nigerians, especially those in public office, to engage with these vital reforms thoughtfully.”
The bills, which include the Joint Revenue Board of Nigeria (Establishment) Bill, 2024, Nigeria Revenue Service (Establishment) Bill, 2024, Nigeria Tax Administration Bill, 2024, and Nigeria Tax Bill, 2024, represent the first comprehensive tax reform since Nigeria’s independence.
Akpabio noted, “These reforms will not only improve Nigeria’s revenue profile but also create a more conducive and internationally competitive business environment, transforming our tax system to support sustainable development.”
The Senate President praised the 2024 budget’s performance—50% for capital expenditure and 48% for recurrent expenditure—as a reason for extending its lifespan to June 30, 2025. He said, “The enabling law for this extension has already been put in place by this patriotic Assembly, ensuring we build upon the momentum.”
Akpabio emphasized the importance of oversight and warned Ministries, Departments, and Agencies (MDAs) to promptly defend their sectoral allocations, noting, “We will not condone breaches of the Constitution going forward.”
Highlighting the administration’s accomplishments, Akpabio commended President Bola Tinubu for bold decisions, including the removal of fuel subsidies and initiatives fostering economic stability. He celebrated the liberation of communities from terrorism, saying, “Today, no community is under the threat of terrorism. The reduction in kidnapping incidents and the neutralization of over 11,000 terrorists and insurgents is a testament to patriotism, strength, and determination.”
He also acknowledged improvements in foreign investment, infrastructure development, and social welfare programs, mentioning milestones such as increasing oil production to 1.8 million barrels per day, processing over ₦45.6 billion for student payments, and raising the national minimum wage to ₦70,000.
Akpabio urged Nigerians to endure the temporary hardships caused by economic reforms, likening the challenges to “the pains of childbirth.” He stated, “We are light-years away from where we began, though some rivers remain to be crossed.”
He concluded by rallying the National Assembly and guests with a chorus of “On Your Mandate We Shall Stand!” symbolizing support for the President’s vision.
[Vanguard]
Femi Adesina, spokesperson to former President Muhammadu Buhari, said his principal did not remove petrol subsidy because he cared about its implications on “ordinary” Nigerians.
In a tribute to commemorate Buhari’s 82nd birthday on Tuesday, Adesina said the decisions of the former president were based on his love for “poor and underprivileged” Nigerians.
Adesina said the Buhari-led administration knew that that the country is spending huge resources on petrol subsidy.
The former presidential spokesperson described Buhari as “ore mekunu”, a Yoruba phrase that means friend of the poor.
Adesina said during the 2020 COVID-19 lockdown, Buhari told Zainab Ahmed, a former minister of finance, to ensure timely payment of workers’ salaries and pensions.
He added that Buhari understood the challenges workers faced during the pandemic and was determined to avoid the additional burden of unpaid salaries.
“The Big Elephant in the room. Removal of fuel subsidy. Did you think the Government didn’t know that the money guzzling monster had to be slain? It knew,” Adesina wrote.
“But who ensured that subsidies remained as long as it did? Buhari. And why? The people, the ordinary people. His argument was always simple:
“When oil sold for at least 100 dollars per barrel in the international market, rising even to as high as 140 dollars per barrel, what did the ordinary people gain? Nothing! So why should they be the ones to bear the brunt when oil prices fall?”
“By the time the administration ended, all, including the three main presidential candidates, were resolved that oil subsidies had to be removed.
“It was not unlikely that President Buhari shared the same conviction. But something that would throw society into a tailspin? He didn’t want to do it—for the sake of the ordinary people.
“Ordinary people gravitate towards Buhari, like bees to the honeycomb. That was why he always had a basket of millions of waiting votes, even before the first ballot was cast.
“He clobbered the ruling People’s Democratic Party in 2015, and won with even larger votes in 2019, despite all attempts to denigrate and demarket him. When you love the ordinary people, they love you in return, and stand with you through thick and thin.
“Now almost two years into retirement, get to Buhari’s house today. And you see the people milling around, just wanting to get a glimpse of the man.
“As he turns 82 December 17, 2024, I salute the Ore Mekunu, a friend of the poor, who still draws the people like magnet, even in retirement.”
THE PETROL SUBSIDY ISSUE
Buhari was sworn in as Nigeria’s president on May 29, 2015 and handed over to President Bola Tinubu on May 29, 2023.
In August 2022, the Buhari-led administration said the federal government will halt the costly petrol subsidy in June 2023.
Ahmed, former minister of finance, budget and national planning, said the 2023 budget only made provision for petrol subsidy payments from January to June 2023.
During his inauguration, Tinubu announced that the payment of petrol subsidy had stopped — a move that led to sudden hike in the price of the product as well as goods and services in the country.
[TheCable]
Being text of the 2025 budget presentation by President Bola Tinubu to a joint session of the national assembly on December 18, 2024.
My Fellow Nigerians,
1. In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the 10th National Assembly.
2. On this day, before this hallowed chamber, I present to you the 2025 Budget at a time when our country is at a crucial point in its development trajectory.
3. The 2025 Budget Proposal again reinforces our administration’s roadmap to secure peace, prosperity, and hope for a greater future for our beloved nation. This budget christened, “Budget of Restoration: Securing Peace, Rebuilding Prosperity,” strikes at the very core of our Renewed Hope Agenda and demonstrates our commitment to stabilizing the economy, improving lives, and repositioning our country for greater performance.
4. The journey of economic renewal and institutional development, which we began 18 months ago as a nation, is very much underway. It is not a journey of our choosing but one we had to embark on for Nigeria to have a real chance at greatness. I thank every Nigerian for embarking on this journey of REFORMS and TRANSFORMATION with us.
5. The road of reforms is now clearly upon us, and as the President of this blessed nation, I know this less-travelled road has not been easy. That there have been difficulties and sacrifices. They will not be in vain. And we must keep faith with the process to arrive at our collectively desired destination.
6. We must build on the progress we have made in the past eighteen months in restructuring our economy and ensuring it is strong enough to withstand the headwinds of any future shocks of the global downturn.
7. The 2025 budget that I present today is one of restoration. It seeks to consolidate the key policies we have instituted to restructure our economy, boost human capital development, increase the volume of trade and investments, bolster oil and gas production, get our manufacturing sector humming again and ultimately increase the competitiveness of our economy.
8. We do not intend to depart from this critical path to strengthen the Nigerian economy. Just as I believe in the resilience of our economy to withstand the current challenges, I also strongly believe in the resilience of the Nigerian people. Again, I summon the unstoppable Nigerian spirit to lead us on as we work to rebuild the fabric of our economy and existence.
9. The improvements we witnessed in the 2024 budget have led us into the 2025 budget. The goals of advancing national security, creating economic opportunities, investing in our youthful population, infrastructure development, and national re-orientation form the core of the 2025 budget. But more than that, this will lay a solid foundation for Nigeria’s future growth trajectory.
CURRENT ECONOMIC REALITIES AND PROGRESS
10. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly, I report today that our economy is responding positively to stimulus. Our objective is to further stimulate the economy through the implementation of targeted fiscal stimulus packages through public expenditures and specific non-inflationary spending.
11. The reforms we have instituted are beginning to yield results. Nigerians will soon experience a better and more functional economy.
12. Global economic growth for the outgoing year 2024 was projected at 3.2 percent, and against predictions, our country made significant progress.
* Our economy grew by 3.46 percent in the third quarter of 2024, up from 2.54 percent in the third quarter of 2023.
* Our Foreign Reserves now stand at nearly 42 billion US dollars, providing a robust buffer against external shocks.
* Our rising exports are reflected in the current trade surplus, which now stands at 5.8 trillion naira, according to the National Bureau of Statistics.
13. These clear results of gradual recovery, among others, reflect the resilience of our economy and the impact of deliberate policy choices we made from the outset.
2024 BUDGET PERFORMANCE
14. I am happy to inform this National Assembly that our administration attained remarkable milestones in implementing the 2024 Budget. In 2024, we achieved:
* 14.55 trillion naira in revenue, meeting 75 percent of our target as of the third quarter.
* 21.60 trillion naira in expenditure, representing 85 percent of our target, also in the third quarter.
15. While challenges persist, we improved revenue collection and fulfilled key obligations. The transformational effects of this on our economy are gradually being felt.
PHILOSOPHY OF THE 2025 BUDGET
16. The 2025 Budget seeks to:
* Restore macroeconomic stability.
* Enhance the business environment.
* Foster inclusive growth, employment, and poverty reduction.
* Promote equitable income distribution and human capital development.
17. Our budgetary allocations reflect the administration’s strategic priorities, especially in the implementation of the Renewed Hope Agenda and its developmental objectives.
2025 BUDGET OVERVIEW
18. The numbers for our 2025 budget proposal tell a bold and exciting story of the direction we are taking to retool and revamp the socio-economic fabric of our society.
* In 2025, we are targeting 34.82 trillion naira in revenue to fund the budget.
* Government expenditure in the same year is projected to be 49.7 trillion naira, including 15.81 trillion naira for debt servicing.
* A total of 13.08 trillion naira, or 3.89 percent of GDP, will make up the budget deficit.
19. This is an ambitious but necessary budget to secure our future.
20. The Budget projects inflation will decline from the current rate of 34.6 percent to 15 percent next year, while the exchange rate will improve from approximately 1,700 naira per US dollar to 1,500 naira, and a base crude oil production assumption of 2.06 million barrels per day (mbpd).
21. These projections are based on the following observations:
* Reduced importation of petroleum products alongside increased export of finished petroleum products.
* Bumper harvests, driven by enhanced security, reducing reliance on food imports.
* Increased foreign exchange inflows through Foreign Portfolio Investments.
* Higher crude oil output and exports, coupled with a substantial reduction in upstream oil and gas production costs.
KEY PRIORITIES: REBUILDING NIGERIA
22. Our budgetary allocations underscore this administration’s strategic priorities, particularly in advancing the Renewed Hope Agenda and achieving its developmental objectives.
23. Highlights of the 2025 Budget Allocations:
* Defence and Security: N4.91 trillion
* Infrastructure: N4.06 trillion
* Health: N2.48 trillion
* Education: N3.52 trillion
24. As we embark on implementing the 2025 Budget, our steps are deliberate, our decisions resolute, and our priorities are clear. This budget reflects a renewed commitment to strengthening the foundation of a robust economy, while addressing critical sectors essential for the growth and development we envision.
Securing Our Nation:
25. Security is the foundation of all progress. We have significantly increased funding for the military, paramilitary, and police forces to secure the nation, protect our borders, and consolidate government control over every inch of our national territory. The government will continue to provide our security forces with the modern tools and technology they need to keep us safe. Boosting the morale of our men and women in the armed forces will remain our government’s top priority.
26. The officers, men, and women of our Armed Forces and the Nigerian Police Force are the shields and protectors of our nation. Our administration will continue to empower them to defeat insurgency, banditry, and all threats to our sovereignty. Our people should never live in fear—whether on their farmlands, highways or cities. By restoring peace, we restore productivity, revive businesses, and rebuild our communities.
Infrastructure Development:
27. When we launched the Renewed Hope Infrastructure Development Fund, it was with the conviction that infrastructure remains the backbone of every thriving economy. Under this programme, we are accelerating investments in energy, transport, and public works. By leveraging private capital, we hope to complete key projects that drive growth and create jobs. We have already embarked on key legacy projects: Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway, which will have a huge impact on the lives of our people and accelerate economic output.
Human Capital Development:
28. Our people are our greatest resource. That is why we are making record investments in education, healthcare, and social services:
* Our administration has so far disbursed 34 billion naira to over 300,000 students via the Nigeria Education Loan Fund (NELFUND). In the 2025 Budget, we have made provision for 826.90 billion naira for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education (UBEC) and the nine new higher educational institutions.
* We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated 402 billion naira for infrastructure investments in the health sector in the 2025 Budget and another 282.65 billion naira for the Basic Health Care Fund. Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians. This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.
Revitalizing Agriculture:
29. Increasing agricultural production is central to our food security agenda, but insecurity has crippled this vital sector. We are supporting our farmers with funding and inputs to reignite productivity. Food security is non-negotiable. In this regard, we are taking bold steps to ensure that every Nigerian can feed conveniently, and none of our citizens will have to go to bed hungry.
30. Distinguished Senate President, Right Honourable Speaker of the House of Representatives, leaders and members of both Chambers of the National Assembly and fellow Nigerians, our 2025 budget proposal is not just another statement on projected government revenue and expenditures. It is one that calls for action.
31. Our nation faces existential threats from corruption and insecurity and suffers from many past poor choices. These challenges are surmountable when we work collaboratively to overcome them. We must rewrite the narrative of this nation together, with every leader, institution, and citizen playing their part.
32. The time for lamentation is over. This is a time to act. A time to support and promote greater investment in the private sector. A time for our civil servants to faithfully execute our policies and programmes. It is a time for every Nigerian to look hopefully towards a brighter future because a new day has dawned for us as a nation.
33. As your President, I remain committed and resolute to continue to lead the charge.
34. This 2025 budget proposal lays the foundation for peace, prosperity, and much needed hope. It is the plan through which a Nigeria where every citizen can dream, work, and thrive in safety can be achieved.
35. It is with great pleasure, therefore, that I lay before this distinguished Joint Session of the National Assembly the 2025 Budget of the Federal Government of Nigeria titled “The Restoration Budget: Securing Peace, Rebuilding Prosperity.
36. May God bless our Armed Forces and keep them safe. May God bless the Federal Republic of Nigeria.
The Economic Community of West African States (ECOWAS) is ramping up preparations to introduce its single currency, ECO, following a consensus reached during its 65th Ordinary Session.
This announcement was made in a communiqué released after the 66th ordinary session of the heads of state and government meeting, which was held in Abuja on Sunday.
Initially scheduled for launch in 2020, the rollout of the ECO was postponed due to the impact of the coronavirus pandemic. The new target date for its introduction is now set for 2027.
The Authority confirmed that it has adopted selection criteria proposed by the High-Level Committee to identify member states that will initially adopt the ECO and those that may join later. In collaboration with the West African Monetary Agency (WAMA), it has tasked the Commission to integrate these criteria into the protocol for establishing the ECOWAS Monetary Union Agreement.
Additionally, the Authority endorsed the High-Level Committee’s recommendations regarding the financial aspects—costs, funding sources, and modalities—necessary for implementing the reforms and institutions required for the ECO’s launch.
Member states and central banks have been urged to take immediate action to fulfil their financial commitments to operationalise these institutions once the official launch date for the ECOWAS single currency is confirmed.
The heads of State also called on the High-Level Committee and the ECOWAS Commission to accelerate efforts to meet the established deadlines for creating and operationalising the institutions essential for the ECO’s launch.
Moreover, the Authority acknowledged the progress in executing the ECOWAS Agricultural Policy (ECOWAP) as part of efforts to enhance food security and nutrition in the region. Recognising the vital role of agriculture in the socio-economic development of member states, the Authority directed the Commission to implement regional strategies promptly focused on livestock farming, the Regional Rice Self-sufficiency Initiative, and the Comprehensive African Agriculture Development Programme (CAADP) Action Plan for 2026-2035.
The Authority also welcomed the strengthening of partnerships with technical and financial stakeholders and urged member states to collaborate with community institutions to achieve these regional food security initiatives.
The introduction of the ECOWAS currency is expected to facilitate trade and stimulate economic growth within the region.
[Leadership]
The Joint Tax Board (JTB) has called for the taxation of High Net-Worth Individuals (HNWI) as part of drive to bridge unfair tax practices in the country.
The board made the call in a communique signed by M.L. Abubakar , Chairman, JTB and Olusegun Adesokan, Secretary, JTB at the end of of its 156th meeting held on 10th and 11th December 2024 in Port Harcourt, Rivers State.
Part of the communique read: “The Joint Tax Board notes that taxation of high net-worth individuals (HNWIs) in Nigeria has increasingly come under focus given the perceived unfairness in the distribution of the tax burden among this category of taxpayers in relation to other taxpayers.
“Therefore the Joint Tax Board recognises the need for improved intelligence gathering to Identify, track, and profile (HNWIs) in Nigeria and encourages regular review and evaluation of the effectiveness of adopted strategies and initiatives, and support needful adjustments where and when necessary, to ensure taxation of HNWIs in Nigeria,”
The communique also called for broad based collaboration with relevant national and sub-national agencies to strengthen the data collection and analytics capabilities of sub-national revenue authorities and foster international cooperation to improve tax compliance and curtall cross-border tax evasion to ensure that HNWIs are taxed fairly and transparently.
The board also noted the urgent need to accurately classify Electronic Money Transfer Levy (EMTL) disbursements, stamp duties, withholding taxes and other revenue items as tax, adding that “Such items should be credited to the internally generated revenue (IGR) accounts of the respective sub-nationals, rather than to the respective Federation Account Allocation Committee (FAAC) accounts, for purposes of assuring accuracy in reporting, and appropriate accounting,”
The JTB also advocated public enlightenment and sensitisation prior to any introduction of new rates for driver’s licence and vehicle number plates to afford members of the public the opportunity to be well informed in advance while educating them on the rationale behind the decision.
[DailyTrust]
Nollywood star, Daniel Etim Effiong’s wife, Toyosi Effiong, has revealed that she doesn’t have 100 per cent trust in her husband after several years of marriage.
She hosted the actor in the latest episode of her ‘The Toyosi’ podcast and the movie star asked if she has 100 per cent trust in him.
Responding, she said she trusts her husband to a large extent but not completely.
Etim Effiong: “Do you trust me 100 per cent after seven years of marriage?”
Toyosi: “Do I trust you a hundred per cent? No, but I trust that you will always keep me in the loop [laughs].
“Maybe not keep me in the loop. I’ve spent these years with you, I know you to a large extent and I’m getting to know you better.
“I think that you will do your absolute best to honour your vows and honour what we have. But I’m also aware that, I don’t want to say anything can happen, but things happen more or less.
“And I feel like if anything ever happens, I would know.”
[DailyPost]
When Funke Akindele conceived the fictitious character Jenifa in 2006, little did she know that she had created one character that will outlive all the characters she has ever played in her almost three decades of acting.
Though the 47-year-old thespian, who hails from Ikorodu, Lagos State, has gone ahead to create other characters and released other productions but none has stood out like Jenifa, a native village girl, who was born Suliat but adopted the name Jenifa (Jennifer) to desperately get a new lease of life at any cost after which luck smiled on her and she navigates her own world.
Without doubts, Jenifa was an instant success that got its own life immediately after the release of the first franchise in 2008. Like many popular franchises, Akindele released the second instalment, ‘Return of Jenifa,’ in 2010 and this was not only an instant success but cemented Akindele’s status on the Nigerian film and music scene.
Unknown to many, the Return of Jenifa heralded Akindele’s romance with the world of cinema to which she has since not looked.
Akindele was smart enough to allow Jenifa to breathe her own life as brand endorsements rolled in while she focused on creating other characters and films for a mixed audience across the globe.
It is no news that between 2008 and 2024, Akindele’s luck changed for the better with the production of Jenifa, which starred her as the lead actress. The character portrayed by Akindele gained fame and earned several award nominations including but not limited to four nominations at the Africa Movie Academy Awards in 2008. Akindele was not oblivious of the fact that Jenifa was responsible for her increased fan base which grew immeasurably.
Following the massive success of the film, which grossed N35m at that time, Akindele understood she has created a character that will crest her name on the sands of time. She went on to thrive on the Nollywood scene with spin-off series – Jenifa’s Diary, Aiyetoro, and Jenifa on Lockdown – while leveraging the new media and network TV stations to push the Jenifa brand.
Unknown to many, while Jenifa’s Diary was being watched on the NTA network, AIT network and Africa Magic channels, ‘Aiyetoro’ and ‘Jenifa on Lockdown’ kept appealing to youngsters and consumers of new media contents.
In ensuring Jenifa was further taken care of, the actress cum director and producer also went ahead to launch the Jenifa Foundation as well as Jenifa mobile game. The Jenifa mobile game aims to help players improve and better their spelling ability and use of the English language as the Jenifa character battles with the use of English and spelling.
Jenifa also brought out the philanthropic side of Akindele with the creation of Jenifa Foundation.
Speaking on the achievements of the Jenifa Foundation, Akindele said, “I’m thrilled to share with you a glimpse into the impactful work I’ve been dedicated to over the years. My life’s purpose is centred around empowering others, unlocking their full potential, and spreading joy. This is just a small glimpse into the remarkable journey of ‘The Jenifa Foundation,’ and its transformative efforts. I’m grateful for your unwavering support, and I invite you to continue joining me on this mission to create a lasting difference in the lives of others.”
For 16 years after the release of the first franchise and 14 years after the release of the second franchise, Akindele has wet the ground for the release of the third franchise, ‘Everybody Loves Jenifa.’
It was no surprise when Akindele projected a N5 billion box office success for the third franchise. “We are making N5 billion this year,” she said ahead of the premiere, which took place last weekend.
Interestingly, Akindele wasn’t just making a project based on emotions, rather he projection is borne out of the strategy put in place to achieve the sum. The film will screen in cinemas across 33 different countries – including Nigeria, Ghana and the United Kingdom.
It is believed that if Akindele’s last effort, ‘A Tribe called Judah,’ could amass over one billion Naira screening in Nigeria and few other countries, ‘Everybody Loves Jenifa,’ which has a history, will do much more.
[TheNation]
•PDP, LP, NNPP link President’s reforms to worsening hardship, APC, govt defend policies
The Federal Government and opposition parties clashed on Tuesday following the criticism of the economic policies of the Bola Tinubu administration by the Delta State Governor, Sheriff Oborevwori.
The Peoples Democratic Party and the New Nigeria Peoples Party agreed with the governor that Nigerians are being crushed under the weight of Tinubu’s economic reforms but the Minister of Information and National Orientation, Mohammed Idris, argued that the reforms had made more resources available to states.
Idris further assured that ‘’Nigerians will feel the benefits in 2025.’’
Responding to questions from one of our correspondents, the minister stated, “2025 is a year that President Tinubu’s reforms will be consolidated for the benefit of all Nigerians
“Mr President has embarked on an ambitious reform agenda that is already freeing more resources to the subnationals, not just the Federal Government.”
Idris argued that Governor Oborevwori’s comments are a smokescreen to avoid accounting for the increased allocation Delta, an oil-producing state, has enjoyed under Tinubu.
“The Delta governor’s comments about the economic policies of the Tinubu administration are an attempt to distract from the challenge thrown to him to account for the resources of Delta State which have increased vastly in the last 18 months.
“A governor who has received close to a trillion naira since coming to office should focus on accounting for it, not casting aspersions on a Federal Government that is doing everything to empower the states,” the minister counselled.
Oborevwori had accused the Federal Government of unleashing unprecedented hunger, poverty and mass unemployment on Nigerians, turning Nigeria into the world’s poverty capital.
The governor said the probable gains of Tinubu’s policies on petroleum subsidy removal and floating of the naira had been eclipsed by naira devaluation and soaring inflation.
In a statement by his Executive Assistant on New Media, Mr Felix Ofou, the Delta governor said it was time Tinubu embraced policies that would stem poverty and suffering.
His comments came on the backdrop of an assertion by the former Deputy President of the Senate, Senator Ovie Omo-Agege, that the President’s economic policies “increased federal allocation to state and local governments, rising economic growth rates, declining imports, higher exports and higher incomes for farmers.”
However, Oborevwori faulted Omo-Agege’s claim saying, “the value of the increased funds amidst galloping inflation, naira devaluation, and widespread poverty.”
Upon assuming office 18 months ago, President Tinubu announced the removal of fuel subsidy and the unification of exchange rates.
Though touted as necessary reforms, these moves triggered seismic economic disruptions, infusing immense pressure into daily Nigerian life.
The fuel subsidy, which had long shielded Nigerians from global oil price volatility, was scrapped, pushing fuel prices from approximately N185 to around N1,100 per litre.
The price of commodities followed suit as fuel costs underpinned transportation, food prices and general consumer goods.
By October 2023, the national inflation rate surged to 32.7 per cent, with food inflation peaking at an alarming 37.5 per cent.
Coupled with subsidy removal was the unification of the multiple exchange rates.
For years, Nigeria operated an artificially pegged naira rate to support imports and control inflation, a policy that led to currency speculation and a thriving black market.
Tinubu’s unification aimed to create a more transparent and equitable foreign exchange regime.
However, it also led to an immediate naira depreciation, severely eroding purchasing power and raising import duties.
This raised the prices of essentials like medicines, electronics and food products, further worsening inflation.
Also, about 104 million Nigerians sank into poverty by December 2023, the World Bank estimated.
In an exclusive interview with The PUNCH on Tuesday, the PDP Deputy National Youth Leader, Timothy Osadolor, and the NNPP National Publicity Secretary, Ladipo Johnson, said the policies should be reviewed.
Osadolor said the country was suffering due to the policies of the current administration.
“So, unlike those in Aso Rock who are shielded from the reality of today, the Delta State governor, by virtue of being a community person, feels the pulse of his people firsthand, aside from being governor.
“The people cry to him, and he feels their pain firsthand. We don’t have to be a Governor or a community person to know that there’s hunger in the land. Even the cattle and birds in the country show signs of despair.
“This speaks volumes about what has gone wrong with the country. The country is sick from the policies of the current administration, and it needs healing and deliverance from the economic managers of this government,” he said.
Osadolor argued that the governor simply echoed “what others have been saying.”
He added, “But I want to salute his courage and the risk he faces, even though he has immunity for now, of being retorted or called names.
“He has stepped forward to be counted among those who genuinely mean well for Nigerians and who truly feel the pain and suffering of the people.
“I want all other men of goodwill and character to stand up and speak up and be counted, and say, enough is enough.”
The National Publicity Secretary of the NNPP said the Tinubu administration needed to review its policies before May 29, when Nigerians would finalise their assessment of the APC government.
Johnson stated “Our position has been clear: it doesn’t seem that the policies are working, and people are suffering.
“We have already stated that they should press the reset button and try to see if they can turn things around.
They shouldn’t remain obstinate and continue insisting that it will work.”
Continuing, he said, “All we can do now is wait, but the first test will be on May 29th next year, which will be the mid-term.
“At that point, we can assess the mid-term report card and see where we are and where we seem to be heading.
“By that stage, they will have no excuses. After the first test last year, they said the year was too short, but mid-term is the usual time for evaluation.”
Also speaking with The PUNCH, the National Youth Leader of the Labour Party, Kennedy Ahanotu, said despite having divergent philosophies from Oborevwori, his argument was valid.
Ahanotu said, “Truly, most people are saying that there is a need for Mr President to review his economic policy, and it’s in order. This is because when you want to test run something and you see that people are reacting to it.
“Even if you go to hospital to take an injection, if they start giving you an injection and you are reacting to it, they will remove it and start putting another. So, economic policy is something that is being test run daily.”
He continued, “When you see that it’s too harsh on people, you withdraw and seek other ways to make it work on people without having so much harsh effect. It’s not about what the Delta governor said. I think it’s the position of the majority of Nigerians.
“Some of the economic policies of Mr President should truly be reviewed to align with the economic realities in the country.”
However, the All Progressives Congress disagreed.
The APC argued that it is too early for opposition leaders to play politics with reforms that could salvage the economy and reposition it better for the future.
In a phone interview with one of our correspondents, the National Publicity Director of the APC, Bala Ibrahim, emphasised that the ruling party has an economic and agricultural policy, which Tinubu’s government is implementing accordingly.
He said, “In these reforms or policies, the government of the Federation has introduced for the first time a new Ministry for Livestock Development.
“This is something that has not been done before and the intention is to pay attention to the agricultural sector, in particular, the area of animal and food security.
“The Delta governor is speaking out of tune. Maybe the opposition politics has blinded him by the fact that there is supposed to be a time within which certain things will mature, and then we see the effect.”
He added, “People are not getting impoverished. They are being stimulated and encouraged to go to the farm.
“They are there with the intention of producing more so that there will be food on the table. Very soon, we will start seeing the results.”
Meanwhile, Governor Oborevwori has distanced himself from comments made by his Assistant on Media, Felix Ofou.
Oborevwori, through his Chief Press Secretary, Festus Ahon, said the views expressed by Ofou “were entirely personal and did not reflect the position of the Governor or the Delta State Government.”
Ahon said, “The comments attributed to Mr Felix Ofou are his personal views and do not represent the Governor or the Delta State Government.
“Governor Sheriff Oborevwori enjoys a harmonious working relationship with President Bola Ahmed Tinubu and has never made any such statements regarding the President’s policies.
“It is, therefore, imperative to state categorically that, as Chief Press Secretary and official spokesman of the Governor of Delta State, Governor Sheriff Oborevwori did not, and has never, expressed such views on Mr President’s economic policies.
“The general public is, therefore, advised to jettison such misleading reports as they do not reflect the views of the Governor, who is working very hard to provide good governance for Deltans and other residents of the state despite the present economic challenges faced by the citizens.”
Speaking further, Ahon said the Governor had constantly urged Delta residents and Nigerians to continue to support President Bola Ahmed Tinubu.
The CPS said this was the view Oborevwori expressed at the Urhobo Progress Union on Saturday, when the governor stated, “I want to appeal to Urhobo nation today, I am saying it here, I am an Urhobo man and I’m Governor of Delta State.
“But I will tell you today whether you like it or not, President Bola Ahmed Tinubu is supporting this administration. God has made him the President as God has made me the Governor of Delta State.
“So, as you are supporting me, support him because if he fails, I will fail, but by the grace of God, he will not fail and I will not fail, too.
“Mr President has appointed our sons and daughters into various positions. He did not appoint people from outside the State. God has given him victory and God has given me victory; you people should support us to succeed.”
The Edo State House of Assembly, on Tuesday, passed a resolution suspending the chairmen and vice chairmen of the 18 local government councils of the state for two months.
The House also mandated leaders of the legislative arms to take over leadership of their respective councils.
The suspension of the council chairmen and their deputies was sequel to a motion moved by the member representing Esan North East 1, Isibor Adeh and seconded by the member representing Akoko-Edo 2, Mr Donald Okogbe.
Governor Monday Okpebholo had earlier written a petition to the House over the refusal of the chairmen to submit financial records of their local government to the state government.
In the letter, the governor, who described the LG chairmen’s refusal as an act of insubordination and gross misconduct, requested the House to look into the matter.
When the matter came up for debate on Tuesday, 14 members supported the motion for the suspension of the LG chairmen, six lawmakers were opposed to the motion while three members maintained neutrality.
The Speaker of the House, Blessing Agbebaku, told the members that all of them must speak on the matter.
The Speaker said, “I will implore that all members of the House speak on this matter before a decision is taken.”
After they had all spoken, the Speaker directed the Clerk of the House, Yahaya Omogbai, to do a head count of the members who supported or opposed the suspension of the council’s chairmen and their deputies.
The opposition Peoples Democratic Party in the state condemned the suspension of the 18 local government chairman.
In a statement by the Edo PDP Caretaker Chairman, Tony Aziegbemi, the party said that the chairmen and their vice were not given the opportunity to defend themselves describing the suspension as unconstitutional.
“The Edo State chapter of the Peoples Democratic Party condemns in the strongest terms the illegal suspension of the Chairmen of the 18 Local Government Areas of Edo State by the Edo State House of Assembly, following the directive of Governor Monday Okpebholo.
“We want to clearly state that this action is unconstitutional, null, and void.
“The illegal suspension is a blatant disregard for the recent ruling of the Chief Judge of Edo State, Justice Daniel Okungbowa, and the Supreme Court’s decision, in a suit filed by the Attorney General of the Federation and Minister of Justice, which affirmed the autonomy and independence of local governments as guaranteed under the Constitution of the Federal Republic of Nigeria.”
The PDP contended that Governor Okpebholo lacked the power to demand the financial statements of the LGA in the light of the Supreme Court judgment granting LGs autonomy.
“How can a governor direct the state Assembly to suspend democratically elected chairmen of the 18 local councils for insubordination when these elected officials enjoy autonomy and independence as enshrined in the Constitution and are not subordinates of the governor, the State Assembly, or any other arm of government?
“We are also aware that the chairmen and their vices weren’t even given the opportunity to be heard in their defence and were suspended unheard on watery trumped-up charges, in total disregard to the Constitution.
“We want to restate that the Constitution remains supreme, and any attempt to undermine its provisions or disregard the judiciary and its rulings is not only illegal but also a direct attack on democracy and the rule of law.
“The Speaker of the Edo State House of Assembly and the entire Assembly have clearly overstepped their constitutional mandates with this illegal action and we urge them to immediately reverse its decision, with respect to the rule of law and democratic governance.”
In an interview with The PUNCH, one of the LG chairmen, who spoke anonymously because he was not been authorised to speak on the matter, said the Association of Local Government of Nigerian in the state would make his position known in the coming days.
He said, “We got the notice of the suspension but I cannot speak on the matter as I am not the ALGON Chairman of the state.
“However, we will make our position known in the coming days.”
[Punch]
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The minister of Aviation and Aerospace Development, Festus Keyamo, has likened Abia State governor Alex Otti’s time in the Labour Party to that of a prodigal son who will eventually find his way home.
Otti was a member of the All Progressives Congress in 2020 after leaving All Progressives Grand Alliance APGA, before joining the Labour Party where he contested in the governorship election and won in 2023.
Keyamo said this during his speech at the groundbreaking ceremony for the Abia International Airport.
“The President’s motivation was also the fact that he loves the governor of this state, he loves his spirit. I know the comments he has made about the governor of this state and how much people here love him so much.
“Today is not the day for politics, he strayed away, he was with us, he strayed away like the prodigal son.” He said
Speaking further Keyamo explained how it was upgraded to an international airport rather than the initially planned airstrip.
“When I called Dr Alex Otti and I broke the news to him, he said no, I will partner with you, I will also put in counterpart funding, let us upgrade it to an international airport. This was what happened. As minister of aviation, I’m just telling you the trajectory.”
[Vanguard]
Nigerian screen sensation Chioma Akpotha, celebrated for her magnetic performance in Femi Adebayo’s hit Netflix original, Seven Doors, recently veered into uncharted emotional territory, addressing a deeply personal and long-ignored topic—generational curses.
While basking in the glow of critical acclaim, Chioma seized the platform during a revealing interview on Channels Television to share an astonishing tale of her family’s dark and complex history.
In a moment of raw vulnerability, Chioma unveiled the chilling origins of her family’s struggles, tracing it back to their ancestral surname, Omuka, which sheb abandoned due to an ominous generational curse.
According to the actress, the curse stemmed from a grave injustice committed by her forefathers, who, in a moment of cruelty, buried slaves alive. She said these victims cursed their lineage, condemned future generations to a cycle of premature and mysterious deaths.
The curse, Chioma Akpotha explained, wasn’t just a myth passed down through whispers; it was a harsh reality her family lived with for decades. She recounted how the curse manifested as a relentless cycle of untimely deaths among the youth in her family.
Determined to shatter their family’s dark legacy, Chioma revealed how she and her father turned to relentless prayers, fueled by unshakable faith and their dream to live long enough to hold their great-grandchildren—a defiant testament to breaking the generational curse that loomed over their bloodline.
CATCH HER SHOCKING DISCLOSURE IN THE CLIP BELOW
Media
Amanda Amaeshi, an award-winning activist, campaigner, and writer, has been named My Life My Say’s ‘Changemaker of the Year’ for 2024.
Amaeshi’s work entails gender equality, anti-racism, and youth voices.
The award, decided by public vote, was announced at My Life My Say’s ‘Next Generation conference,’ held on November 22 at the Barbican Centre in London.
The conference—an annual highlight of the youth-led, nonpartisan charity’s activities—brought hundreds of young people alongside renowned speakers, activists, and politicians together to explore innovative solutions to some of society’s biggest challenges.
Amaeshi was announced the winner from a shortlist of inspiring changemakers across youth leadership, social enterprise, climate activism, media, and culture.
A final-year law student at University College London (UCL), Amaeshi has consistently used her voice to influence policy and advocate for social justice.
In 2017, she won the ‘Young reporters for the environment’ competition for her writing on food waste solutions in Scotland.
Her advocacy journey gained momentum when she became a Year of Young People 2018 ambassador, advocating for youth rights and participation in politics—important issues in Scotland.
In 2020, she was featured on the Young Women’s Movement’s 30 Under 30 list and was honoured as the Glasgow Times ‘Young Scotswoman of the year’.
In 2022, she was listed in the WOW Foundation’s young leaders’ directory.
As a member of Girlguiding’s national advocate panel, Amaeshi has spoken out on issues affecting girls and young women in the UK and has engaged audiences of chief executive officers (CEOs), politicians, and decision-makers.
“Winning is an honour, as I’ve said, but it’s even more of an honour to have a platform to share what I’ve done with others, perhaps with those who otherwise wouldn’t have known because, really, this award’s not about me: it’s about the work that I’ve done, the work that I do together with other people, and its positive impact for society at large,” she said while accepting the 2024 award.
Amaeshi serves on Scotland’s first minister’s national advisory council on women and girls (NACWG), engaging in collaborative intersectional policy scrutiny.
[TheCable]
Nigerian actress Bukunmi Oluwashina has taken a bold and unapologetic stance against the lingering envy, rivalry, and toxic competition she’s observed festering like a silent plague among her female colleagues in the entertainment industry.
Taking to her Instagram page on Monday, December 16, the actress did not mince words as she poured out her thoughts, offering a sharp and sobering comparison between the uplifting camaraderie she admires among her male counterparts and the cutthroat atmosphere she perceives among female stars.
Bukunmi expressed deep admiration for the brotherhood she sees among male actors. She highlighted how these men, despite often sharing the same ambitions, manage to cheer each other on, grow together, celebrate each other’s wins, and hold space for one another without allowing jealousy to creep in.
She wrote;
“I envy these men. Just take a look at them. The way they contain each other, support each other, grow together…
“Their collective growth is evident in how they acknowledge and cheer each other on, despite sharing the same goals. The joy I feel when I run into one of my fav actor’s movies on my fav director’s page. And how the actor sings the Director’s praise in his absence, even though he is also a director..”
In stark contrast, Bukunmi lamented the toxic culture that often poisons the bond between female stars, an ugly mix of competition, rivalry, and resentment that creates an unbridgeable divide.
She recounted instances where she’s been explicitly warned not to extend a hand of kindness or support to one female colleague for fear of “offending” another.
Bukunmi continued;
“I pray I Withness this someday with my gender in this field. You people make loving genuinely like a very difficult thing. It cost nothing. Someone asked me “How do you think this person would feel for posting that person? You are supposed to post this Person first and then post that. This person won’t like or drop a comment if you post that person” How did we get here??
“And some fans from the pit of hell would be asking you too choose a side. Are we on a battlefield? Okay, if we are, what are we fighting for? Crown? Money? Post? Nice one, which of them are we taking with us when we die? I am not even going to blame some bitter followers who act like they are not loved ay home. The energy they see is what they give.”
Drawing the line firmly in the sand, Bukunmi made her position abundantly clear: she will not, under any circumstances, be coerced into picking sides or harboring hatred to satisfy anyone’s insecurities or grudges.
With an unshakable resolve, she sent a warning to those who live for the toxicity, that she wants no part in their petty games, their envy-fueled rivalries, or their silent wars.
She added;
“Let it be known that i am at peace with everyone and this heart has no limitation in love. I am not going to war with anyone for anyone unless they PERSONALLY give me a reason.
“Joy is no joy to me if its purpose is to make other people feel sad. And love is not love if it’s not shared with those who don’t deserve it.”
SEE HER POST BELOW