AFOLABI

AFOLABI

Nigeria skipper William Troost-Ekong believes Victor Osimhen has what it takes to be a future captain of the Super Eagles.


The 30-year-old has been a leader in the national team since making his debut in June 2015 in an Africa Cup of Nations (AFCON) qualifier against Chad.

Troost-Ekong was born in the Netherlands and represented the European nation at U19 and U20 levels before switching nationality to play for Nigeria. He has since made 71 appearances for the Super Eagles, while starring in multiple tournaments, including the 2016 Olympics in Rio, two AFCONs and one FIFA World Cup.

Troost-Ekong’s latest tournament was the 2023 AFCON in the Ivory Coast, where he played six out of Nigeria’s seven matches as they reached the final of the tournament. Although the Super Eagles failed to end their decade-long wait to win the Nations Cup, having lost to hosts Ivory Coast in the final, He He won the golden ball and was named in the team of the tournament.


Troost-Ekong sees Osimhen as future Super Eagles captain

The PAOK defender scored three goals in the tournament, two of which came in the semi-final and final against South Africa and Ivory Coast respectively. Having captained his country for two successive AFCONs now, Troost-Ekong has tipped Osimhen to one day take up the role.

Like Troost-Ekong, Osimhen also demonstrated impeccable leadership during Nigeria’s AFCON campaign, and although he scored just once, his work rate and selfless play made up for his lack of goals. He was also instrumental in Napoli’s historic title success last season, leading by example from the front and scoring 26 goals in Serie A to emerge as the league’s top scorer.

“I am a fan of his. I saw his journey when he came to be a part of the Super Eagles in 2019, as an understudy of Odion Ighalo. I saw how hard he worked,” Troost-Ekong said.

“He is a leader in our team, and I tell him that ‘everybody is watching you. The way you play, it drives all of us’. I just try to remind him how important he is and I think he understands that role now and what he means to Nigeria as a person and as a football player.

“I’m sure that he’s going to be a captain of the Super Eagles in future, that’s my wish for him. And for him to win the AFCON and be the leader in that moment.”


Troost-Ekong ruled out for the rest of the season

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Meanwhile, Troost-Ekong is unlikely to play any part in the remainder of the season for PAOK after suffering a serious injury just a few days after the AFCON.


The former Udinese and Watford centre-back played through the pain during the tournament but ruptured the biceps femoris in his right foot when he returned to his club and has since undergone surgery in Finland.

The injury caused the defender to miss Nigeria’s international friendlies against Ghana and Mali in March and he now faces a race against time to be fit for the Super Eagles’ upcoming 2026 FIFA World Cup qualifying matches against South Africa and Benin in June.

Should the PAOK defender make a recovery before June, he’d still have to fight for his position following the rise of young talents like Benjamin Taminu.

Troost-Ekong was in a similar position before the 2024 AFCON, having been left in the cold in the months leading up to the tournament. However, he fought his way back into Jose Peseiro’s plans and eventually became a starter under the Portuguese.

The Super Eagles are currently without a substantive head coach, with the NFF appointing Finidi George to serve in an interim role. However, no matter who becomes Nigeria’s next coach, it is unlikely that Troost-Ekong would lose the captaincy, especially with Ahmed Musa’s international career in the balance at the moment.

The naira, on Friday, appreciated to N1,150 per dollar at the parallel section of the foreign exchange (FX) market.

Currency traders in Lagos, also known as bureau de change (BDCs) operators, quoted the buying rate of the greenback at N1,110 and the selling price at N1,150 — leaving a profit margin of N40.

The naira appreciated by 0.86 percent from the N1,160 recorded on April 11.

“The dollar is falling and it is not my fault. It is how the FX market is now,” Lawal, a BDC operator, said.

Also, FMDQ Exchange, a platform that oversees official foreign exchange (FX) trading in Nigeria, said the naira rose by 7.16 percent or N88.23 to N1,142.38/$ on Friday — from N1,230.61/$ on Monday.

The appreciation of the naira is coming a few days after the CBN opened the third tranche of sales to BDC operations.

The apex bank began the sale of foreign exchange to BDC operators at the rate of N1,101/$ on April 8.

Also, on the same day, the CBN directed all banks to stop the use of foreign currency-denominated collaterals for naira loans.

The financial regulator is intensifying its efforts to boost liquidity and strengthen the naira.

Meanwhile, earlier today, Goldman Sachs Group Inc. said the naira could extend gains to trade below N1,000 to the dollar.

President Bola Tinubu has assured that the nation’s economy will roar back to glory in the coming months, re-echoeing the fact that the worst is over in the economic travails being faced by the nation.

Tinubu however called for unity of purpose and more collaboration between the federal government, state governors, and members of the National Assembly to achieve national development goals.

According to a statement by his Special Adviser on Media and Publicity Ajuri Ngelale, the President spoke while receiving state governors and the leadership of the National Assembly in Lagos on Friday.


The President, who spoke through Vice President Kashim Shettima, who was also at the head of the entourage of of Governors and federal law makers, emphasised the fact that the future of the black race rests on Nigeria.

Others on the delegation included Senate President Godswill Akpabio; Speaker Tajudeen Abbas; Governor AbdulRahman AbdulRazaq of Kwara State and Chairman of the Nigeria Governors Forum, among others.

Speaking on behalf of the President, Vice-President Shettima expressed optimism about Nigeria’s economic resurgence and called for collective efforts to propel the nation forward.

He urged unity and collaboration among all stakeholders to achieve shared prosperity and promised a brighter future for the nation under President Tinubu’s guidance.

”The future of the black man rests on Nigeria to make or mar. Our economy has turned the corner. By the coming months, the economy will roar back to glory.

“Let us unite, rally around our leader, and catapult this nation to a greater pedestal. By December, I hope we will have cause to celebrate. Let us coalesce to take the nation to a greater pedestal,” Vice-President Shettima said.

Emphasising President Tinubu’s role as a unifying leader, transcending ethnic and religious lines, the Vice-President noted that the gathering of 27 governors in Lagos, along with the leadership of the National Assembly and some former governors, bears the testimony of a detribalized leader who has embraced all.

”This gathering cuts across ethnic, religious, and political lines. Here, we have Pastor Eno of Akwa Ibom and Father Hyacinth of Benue, and as the President was seated, he was asking, ‘Where is Wammako, where is Yari’? That is the hallmark of true leadership. What binds us together supersedes whatever it is that may divide us.”

Akpabio commended the Governors for emulating President Tinubu’s leadership style, characterized by listening to diverse voices and consulting widely with the people, irrespective of political affiliations.


“The Governors are doing well. I can say so because I have been there before,” Senator Akpabio said.

Expressing confidence in President Tinubu’s leadership, Akpabio noted that the President enjoys the broad support of Nigerians across political divides.

“As you coast home to victory for a second term, may all the governors seated here also coast home to a second term victory in their states,” Senate President Akpabio prayed.

AbdulRazaq expressed support for the 700km Lagos-Calabar Coastal Highway, describing it as a huge project that will have a significant impact on the nation when completed.

He commended the President’s efforts in stabilizing the economy and improving living conditions, highlighting the positive developments in the country, which include the stabilization of the exchange rate and decreasing food prices.

He attributed these improvements to the President’s initiatives and also lauded the Federal Ministry of Health and Social Welfare’s funding for 8,800 primary healthcare centres.

“We commend your efforts because the ship is gradually turning. We have seen how the exchange rate of the naira against the dollar is coming down. The cost of food is coming down. The dry season harvest is commencing soon. Things are getting better, and there is light at the end of the tunnel,” the Governor said.

He urged President Tinubu to persevere in his efforts towards achieving economic stability.

The governor also expressed gratitude for the support provided by the Federal Government to states, particularly in distributing grains to alleviate food shortages.

”We are here to support you, and we also thank you for the support that you are giving to the sub-nationals. Trucks are wheeling up across the nation, distributing grains. I have received, and most of the states have.

”Because of what you are doing, those who are hoarding food items are releasing them, and that is why the prices of food are coming down,” he said.


Governor AbdulRazaq reiterated the Governors’ commitment to supporting the President’s initiatives and pledged to continue complementing the efforts of the federal government in driving progress and prosperity across the nation.

The Olubadan-In-Council, on Friday, nominated Oba Owolabi Olakulehin as the 43rd Olubadan of Ibadanland.


Recall that the seat became vacant on Thursday, March 14, 2024, after the death of Oba Lekan Balogun, who reigned for two years and died at the age of 81 years.


The kingmakers agreed to appoint Oba Olakulehin as the next Olubadan at a meeting called by Otun Olubadan of Ibadanland, Chief Rashidi Ladoja, in Ibadan, Oyo State capital.


He was nominated by the Osi Balogun of Ibadanland, Oba Gbadamosi Adebimpe.


His name is expected to be sent to the state governor, Seyi Makinde, for approval.

A former boss of the Nigeria Football Federation (NFF) Amaju Pinnick believes ex-Super Eagles star George Finidi has all it takes to coach the senior male national team.

Finidi was in charge of the Super Eagles in their last two games following the departure of Jose Peseiro as the team gaffer after leading Nigeria to a second-place finish at the 2023 Africa Cup of Nations (AFCON) in Cote d’Ivoire.

The NFF is in search of Peseiro’s replacement, Pinnick who is the immediate past president of the football body is backing Finidi for the top job.

“I’m not an authority on this because I don’t know. But what I know is that some coaches were shortlisted, some applied and, somebody asked me a question, if I were to subscribe to a local coach and I corrected him right away that I don’t believe in the word local. They are indigenous coaches and if I were to subscribe to anyone at the moment, because of the smooth transition from Peseiro, I should say Finidi George, and I don’t have any regrets about it,” he said in an interview with Channels Television

“If it was Amuneke that was there during this transition, I would have said Amuneke because they had the same gifts, they played the same level, they won the same tournament, you know. But the difference between Amuneke and Finidi is a Finidi as a coach, came down to Nigeria and coached a local club, one of our indigenous clubs and he also won the league with this in the club. I brought him on as one of the assistant coaches.

“And when he was interviewed, you could see his humility and modesty in him. And if you see controversy among some of his colleagues, you will never hear anything about Finidi being a player’s agent, Finidi collecting money from this.

“No, he’s somebody that is primed and really and truly wants to work.”

Libya has displaced Nigeria as the biggest oil producer in Africa producing an average higher figure of 1.236 million bpd- a 5,000 barrel difference, becoming the largest oil producer in Africa for March 2024.

Nigeria’s crude oil production for March dropped to 1.23 million barrels daily according to the latest data from OPEC’s monthly oil market report for March.

This was a 92,000 barrel drop from the 1.32 million daily production in February 2024.

However, according to secondary sources, the country’s crude oil production for March stood at 1.39 million barrels daily- marking a decline of 38,000 daily from 1.43 million barrels.

The country’s crude oil production in March was the lowest this year and fell below the benchmark crude oil production of 1.78 million barrels daily in the 2024 budget.

The drop in crude oil production means lower receipts from oil sales and reduced foreign exchange for the federal government.

According to the report, Saudi Arabia maintained its position as the biggest oil producer among OPEC member countries with average daily production of 8.97 million bpd- a drop of 39,000 barrels, followed by Iraq with 3.9 million bpd and the United Arab Emirates with 2.91 million barrels daily.

In March, the value of the OPEC Reference Basket (ORB) rose by $2.99, or 3.7% month-on-month, reaching an average of $84.22 per barrel. Similarly, oil futures prices also saw an increase.

 

Atleast twenty-seven (27) fishermen were slaughtered and three (3) others abducted by suspected members of Jamā’at Ahl as-Sunnah lid-Da’wah wa’l-Jihād, a.k.a Boko Haram terrorists group at the fringes of Lake Chad in the border between Cameroon- Nigeria.

According to VANGUARD, The incident took place last Sunday (few days ago), as it was gathered that the terrorists suspected to be from the Buduma faction of Abou Ummaymah, attacked a local fishing community harboring most fishermen from Nigeria at Kofiya Island near Darak in the Republic of Cameroon.

This is as the Islamic State of the West African Province (ISWAP) has yesterday executed a police officer abducted along the Damboa – Biu Road in Borno State.

Reliable sources informed that the Boko Haram Terrorists asked the fishermen to lie down, tie their hands behind their backs before they started slaughtering them without confrontation.

The sources said the terrorists also abducted four other fishermen after accusing them of spying for the ISWAP factional group.

“The bodies of the fishermen were later recovered during a search and rescue operation by troops, while their other colleagues fled the scene.” Sources informed.

In a related development, the Islamic State of the West African Province (ISWAP) has executed a police officer abducted along the Damboa – Biu Road in Borno State.

Sources reliably informed that on Sunday 7 April 24, at about 1000hrs, the police officer with wife and children, were on transit from Damboa to Biu for Eid break but unfortunately went through a banned route.

It was later reported that the deceased and his family were abducted by suspected ISWAP operatives around Shokotoko general area located approximately 73/km south of Damboa.

However, later in the evening , the wife and his children were released, while the police officer was executed by the terrorists.

A high court sitting in Ikeja, Lagos, has granted bail to Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), in the sum of N50 million.

Rahmon Oshodi, the judge, in his ruling on the bail application on Friday, admitted Emefiele on bail with two sureties in like sum.

The former CBN governor is facing trial in Lagos on a 26-count charge bordering on abuse of office.

Oshodi ordered the sureties must be gainfully employed and must have made three years tax payment with the Lagos State Government.

He also said that the sureties must show proper identification and that they must be registered in the Lagos State Bail Management System


The judge said he was satisfied with the bail conditions of N1 million, earlier given to Emefiele’s co-defendant, Henry Isioma-Omoil, who is facing another charge before Justice Olufunke Sule-Hamzat of Yaba High Court.

Oshodi, however, said the bail documents must be transferred to special offences court and registered in the Lagos State Bail Management System.

This is a developing story…

The presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, Atiku Abubakar, has described as wasteful and a highway to fraud the claim by Works Minister Dave Umahi that the 700km Lagos-Calabar Coastal Highway will tentatively cost N15.6 trillion.

Atiku also knocked Mr Umahi for altering the project’s initial plan after Gilbert Chagoury’s Hitech had been awarded the contract without any competitive bidding.

He said, “Umahi had announced that Hitech would fully fund the project, and based on this, there was no competitive bidding. He (Umahi) then said that Hitech could only raise just 6% of the money for the pilot phase. This smacks of deceit.”

Mr Umahi had, during his media rounds at select TV stations on Thursday, said the road project would cost N15.6 trillion ($13bn at an exchange rate of N1,200/$1) while the rail which will pass through the road would be costed separately.

The minister also said the project would not be PPP but that the government would be providing 15%-30% counterpart financing.

Responding to Mr Umahi’s revelation, Atiku said the tentative cost was the equivalent of the total budget of all 36 states of the federation combined.

He said, “The total budget of all 36 federation states for 2024 is about N14 trillion. If you add that of the FCT, the entire budget of all sub-nationals is N15.91 trillion. This is scandalous. Worse still, they have already awarded the contract but are still not sure of the level of the counterpart funding component of the federal government!

“Umahi had said in September 2023 that Gilbert Chagoury’s Hitech had the money to construct the highway and would be PPP. Hitech was to build, operate, and transfer it back to the Nigerian government after years of tolling.

“It was reported by every media organisation, including those owned by Tinubu. It was based on this proposal that Hitech was picked. Why did Umahi then turn around to claim that it was not to be a PPP but that the government would pay 15%-30%?”

The former Vice President noted that in the 2024 budget, the project was captured as the Lagos-Port Harcourt coastal highway and was put at a cost of N500m.

“Although the National Assembly approved N500m for the project this year, the Tinubu administration has released N1.06tn. That is more than 200 times what is in the Appropriation Act. This is what happens when the National Assembly fails in its duties,” he added.

Atiku said it was curious that the N15.91 trillion announced by Mr Umahi did not include the cost of the railway component. He, therefore, wondered how much the project would cost if the railway component is included.

“If N15.6 trillion is for the road component alone, then the total cost could be far higher when the railway is included. We want to know the cost of the railway,” he said.

The PDP presidential candidate also lambasted Mr Umahi for admitting that the project was given to Gilbert Chagoury’s Hitech construction company without competitive bidding.

He asked Mr Umahi to stop trying to deceive Nigerians with the claim that only Hitech was competent enough to do the project, wondering if it is the same that has been grappling with the execution of its projects in Lagos.

The former vice president stated, “The essence of competitive bidding is so that Nigerians can get the best value for money. It is so that you can compare prices and pick the company that can afford the project. It is wrong for him to have concluded that only Hitech could handle this project when such a project has been done by other reputable firms in the United States, China and South Africa.

“He claims he didn’t know there was a business relationship between Gilbert Chagoury and Tinubu, but this is another lie because Tinubu has publicly acknowledged this fact.”

Atiku also accused the works minister of attempting to deceive Nigerians as regards the appropriation for the project.


He called on members of the National Assembly to be alive to their responsibilities instead of acting like an annexe of the presidency.

The PDP candidate stated, “Until I exposed the dubious nature of this project, no member of the National Assembly thought it wise to investigate. The total cost was never made known until now. The fact that there was no bidding was never made known until I blew the whistle.”


The former vice president also knocked Mr Umahi for claiming that no money had been released yet to Hitech, which he described as another lie.

“On March 31, 2024, Umahi came on Channels Television’s Sunday Politics programme where he pointedly said that the sum of N1.06tn was released to Hitech. Only for him to say on TVC on April 11 that the same money had not been released. Which one is true, and which one is false?”

 

Signed:


Atiku Media Office
Abuja
11th April, 2024.

Minister of Power, Adebayo Adelabu has claimed that the electricity tariffs that were recently increased, will reduce if the exchange rate falls below N1,000 to a dollar.

Adelabu made this comment when he appeared on Channels Television’s Politics Today on Thursday.

On April 3, the Nigerian Electricity Regulatory Commission, NERC, announced the removal of subsidy on the electricity consumed by Band A customers.


Band A customers now pay N255/KWh, a hike from N68/kWh, while others maintain the old tariffs.

But Adelabu has now given conditions for a possible reduction.

“The tariff is flexible. I can tell you if the naira gains more and the exchange rate comes down below N1,000 to a dollar, it must positively affect the tariff; and the tariff, even for Band A, will come down below the N225/KWh that we are currently charging.

“There are variable factors that go into the composition of the tariff, and we are not closing our eyes to it,” Adelabu said.