Author: Anule Emmanuel

President Bola Tinubu on Tuesday approved a sweeping reform meant to revive the nation’s long-stalled deepwater oil projects by replacing ad hoc, project-by-project bargaining with a transparent, rules-based investment framework and unlock as much as $50 billion in new capital. Special Adviser on Information and Strategy to the President Bayo Onanuga in a statement said the measure, formalized in the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, is designed to provide predictable eligibility criteria and implementation procedures for deep offshore developments. He said the framework is intended to support a pipeline of large, capital-intensive projects, beginning…

Minister of the Federal Capital Territory (FCT), Nyesom Wike, departed on holiday after spending more than a month touring, inspecting and inaugurating infrastructure projects across the nation’s capital, his media aide said Monday. “Holiday time for Nyerisi,” Lere Olayinka his Senior Special Assistant on Media and Communication wrote on Facebook. He said that Minister Wike was “somewhere in the world, relaxing” after an intensive period of activity. The post said the Minister had spent “over 30 days” commissioning completed works, flagging off new projects and reviewing ongoing contracts — including schemes targeted for handover in December and January. The break…

Minister of the Federal Capital Territory (FCT), Nyesom Wike on Monday dismissed reports that he was angling to become Director-General of the All Progressives Congress’s presidential campaign council ahead of the 2027 election. The Minister said he does not need an official title to back President Bola Tinubu’s re-election. Wike’s clarification was issued by his Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, who called the reports false. A story in parts of the press had named Wike among senior APC figures purportedly lobbying for or under consideration for the campaign DG post. “Olayinka said Wike had…

President Bola Tinubu on Monday hailed continental recognition of Nigeria’s customs-modernization programme. The President’s comment comes after a subsidiary of Nigerian security firm Bergmans won a 20‑year contract under the African Continental Free Trade Area (ACfTA), to deploy customs and trade infrastructure across participating countries. AfriTrade CMP Ltd., a unit of Bergmans Security Consultant and Supplies Ltd., will install a mix of digital systems and physical equipment—covering customs processes, cargo tracking, border management and trade-data exchange—under the multibillion‑dollar AfCFTA Customs Modernisation Project, according to a statement from the presidency. A second Bergmans unit, Trade Modernisation Project Ltd., is implementing Nigeria’s…

President Bola Tinubu has said his administration is targeting more than doubling the contribution of Nigeria’s livestock sector to the national economy as part of efforts to boost food security, create jobs and diversify the economy. Tinubu, who was represented by the Secretary to the Government of the Federation (SGF) George Akume stated this on Monday in Abuja at the opening of the 9th All Africa Conference on Animal Agriculture. In a statement by the Special Adviser on Media and Publicity to the SGF Yemi Odunuga, President Tinubu said Nigeria’s livestock sector currently contributes more than $32bn annually to the…

The Executive Chairman of the Nigeria Revenue Service, Dr. Zacch Adedeji, on Sunday dismissed criticisms that officials within President Bola Tinubu’s government  live lavishly. Dr. Adedeji who featured on a national TV interview said President Tinubu leads a modest day-to-day life despite persistent public scrutiny over government spending. He was pressed about the lifestyles of political leaders in the administration amid rising living costs and economic strains for many Nigerians. “Mr. President goes from home to office on foot, not even driving except when he is going to the airport,” Dr. Adedeji said in response to questions about recent reports…

Governor Abdullahi Sule of Nasarawa State has disclosed that federal transfers to his state have jumped to about ₦16 billion a month from roughly ₦4.5 billion, crediting President Bola Tinubu’s sweeping economic reforms for the improvement. Speaking in Lafia – the State capital during a visit by the Renewed Hope Ambassadors National Media Tour—a delegation led by the President’s Special Adviser on Information and Strategy Bayo Onanuga, Governor Sule said the boost in allocations has opened fiscal space for “landmark” projects across the central Nigerian state. Director of Media for the Renewed Hope Ambassadors Tunde Rahman in a statement said…

The African Continental Free Trade Area (ACfTA) on Sunday signaled that it wants to export a suite of Nigerian Customs’  digital reforms across the continent after its Secretary-General praised Nigeria’s home‑grown technology as a model for boosting trade and revenue collection. Wamkele Mene, AfCFTA’s Secretary-General visited the Nigeria Customs Service (NCS) headquarters in Abuja and held up the agency’s recent technology drive as a practical remedy for bureaucratic bottlenecks that still handicap many African borders.  During the visithe said manual customs processes in several countries contribute to “revenue leakages, border delays and low intra‑African trade,” and that Nigeria’s systems offered…

Benue State Governor Hyacinth Iormem Alia said increased federal financial allocation under President Bola Tinubu’s administration have widened the state’s fiscal space, enabling a stepped-up program of roads, rehabilitation of idle industry and other capital projects. Governor Alia stated this after a delegation of more than 40 editors and journalists, part of the Renewed Hope Ambassadors National Media Tour led by the President’s Special Adviser on Information and Strategy Bayo Onanuga, inspected major federal and state projects across Benue. The Governor explained that the uptick in allocations has allowed his administration to pay salaries and pensions, boost internally generated revenue…

President Bola Tinubu on Friday hailed Nigeria’s admission to the World Energy Council (WEC), calling the move a milestone for the country’s energy reforms. The President in a statement by his Special Adviser on Information and Strategy Bayo Onanuga said it is also a step that will amplify Africa’s voice in global energy policymaking. Nigeria has become the newest national member committee in the century-old London-based network, which represents more than 100 countries and advises on energy security, equity and sustainability. President Tinubu said the membership positions Nigeria “to lead, not just participate,” in international discussions shaping energy markets and…