Author: NewsQuest
Nigeria under the leadership of President Bola Tinubu has made measurable gains in macroeconomic stability but poverty has surged to an estimated 63 percent of the population, the International Monetary Fund (IMF) said in its 2026 Article IV consultation report released this week. The IMF praised a string of market-oriented reforms undertaken since 2023—most notably the removal of fuel subsidies, liberalization of the foreign-exchange market and an end to deficit monetization—which it said have strengthened resilience and restored investor confidence. At the same time the Fund warned that those gains have not translated into broad-based improvements in living standards, and…
President Bola Tinubu on Tuesday inaugurated the completed main carriageways of the Outer Southern Expressway (OSEX), a strategic artery intended to link Nnamdi Azikiwe Expressway’s Ring Road I to Ring Road II and the capital’s outer districts, saying his administration will not abandon projects. Speaking at the commissioning, where he was represented by Senate President Godswill Akpabio, President Tinubu described the opening as a concrete deliverable of his “Renewed Hope” agenda and sought to draw a sharp contrast with what he called a legacy of stalled projects. “We don’t start projects to abandon them,” he said. The era of uncompleted…
President Bola Tinubu on Tuesday approved N10billion as emergency fund for a Presidential Task Force to shore up Nigeria’s defenses against the haemorrhagic virus, Ebola. The President’s action is a response to recent outbreaks in neighboring Democratic Republic of Congo and Uganda. Special Adviser on Information and Strategy Bayo Onanuga in a statement said the funding, earmarked to boost the operational readiness of the National Centre for Disease Control (NDCD), and Prevention and to underwrite national emergency-response activities, was released immediately. The move signals an urgent federal government’s drive to strengthen surveillance, isolation and rapid-response capacity at points of entry…
The House of Representatives on Tuesday pressed President Bola Tinubu to mount an aggressive military campaign to crush the criminal networks behind a surge of banditry, mass kidnappings and attacks on schools and houses of worship. Lawmakers raised concerns that rising insecurity has fractured daily life in many parts of the country. In a motion brought to the floor by Representative Ibe Okwara Osonwa, the House of Representatives urged President Tinubu, in his role as commander in chief, to “immediately deploy a comprehensive security strategy” to flush bandits from their strongholds and secure vulnerable communities. Lawmakers warned that incremental measures…
The Feseral Government said Tuesday that the first group of Nigerians to be evacuated from South Africa in response to recent xenophobic attacks will depart from Oliver Tambo International Airport in Johannesburg Wednesday night and arrive at Lagos’s Murtala Muhammed International Airport at about 5:00 a.m. Thursday. A statement by Kimiebi Imomotimi Ebienfa, spokesperson of the Foreign Affairs Ministry said Air Peace will operate the evacuation flight. According to the statement, the federal government has funded the operation in full, and evacuees will be repatriated at no cost. NewsQuest reports that reception and support systems have been mobilized by relevant…
President Bola Tinubu delivered a pointed message of gratitude to Nigeria’s security forces, praising frontline soldiers and civilian security actors for their role in a widening campaign against terrorism and violent crime that has reshaped daily life across swaths of the country. The President who stated this on his official Xhandle Tinubu described security apparatus as “a shield between innocent citizens and those who seek to destroy the peace, safety, and dignity of our communities.” He lauded troops operating “in the forests, on the roads, at forward operating bases, in the air, creeks, and across difficult terrains,” saying they shoulder…
The Federal Government procurement regime took a significant step toward modernization this week as the Bureau of Public Procurement (BPP) unveiled 23 reforms and a new digital procurement ecosystem designed to speed contracting, reduce human interference and curb corruption. Speaking at the inaugural Public Procurement Day at the Afreximbank Africa Trade Centre, BPP Director‑General Dr. Adebowale Abraham Adedokun credited successive administrations for laying the groundwork for the reforms, citing early initiatives such as the Budget Monitoring and Price Intelligence Unit and the 2007 Public Procurement Act, which formalized procurement procedures across government. “The Procurement Evolution—Honouring the Past, and Powering the…
Vice President Kashim Shettima on Monday described Nigeria’s drive to become a $1 trillion economy as a project driven by private enterprise, fresh investment and coordinated policy reforms. Shettima said Lagos State remains the right model in the drive. Speaking at the Invest Lagos 3.0 summit at Eko Hotel and Suites on Victoria Island, Vice President Shettima told an audience of investors, policymakers and business leaders that the nation’s economic future hinges on creating conditions that let capital and innovation scale. Lagos, he said, illustrates how subnational leadership can accelerate national transformation. Senior Special Assistant on Media and Communications to…
President Bola Tinubu received Madagascar’s President, Michael Randrianirina, at the Presidential Villa in Abuja on Monday, as both leaders signaled interest in expanding bilateral ties. Randrianirina arrived at the State House forecourt shortly before 3 p.m. and was met by Nigeria’s Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu. A short reception preceded a private meeting in the president’s office. The Madagascar leader’s visit, officials said, is intended to explore opportunities for deeper diplomatic engagement and cooperation. Both nations have identified areas for collaboration aimed at fostering regional development, economic growth and broader continental integration.
President Bola Tinubu on Monday administered the oaths of office to Joseph Olasunkanmi Tegbe as Minister of Power and Ambassador Sola Enikanolaiye as Minister of State for Forign Agfairs, in a ceremony at the Presidential Villa attended by senior officials and the Ministers’ spouses. The appointments follow the resignations of Yusuf Tuggar, the former Foreign Minister, and Chief Adebayo Adelabu, the former Minister of power, both of whom stepped down to pursue political ambitions. President Tinubu nominated the two men after the Senate confirmed them on May 6. Mr. Tegbe, a native of Ibadan, Oyo State, brings more than three…