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Jonathan Assures On GDP Growth By 2050
President Goodluck Jonathan says Nigeria has been projected to be among three countries that will experience the highest real per capital Gross Domestic Product (GDP) growth rate by 2050.
Jonathan stated this at the Investment Forum organised by the Securities and Exchange Commission (SEC) as part of activities to mark the 50th anniversary of the capital market regulation in Nigeria.
“According to a report by economists at Citigroup, Nigeria is one of the three countries expected to experience the highest real per capital GDP growth rate by 2050.
“In the medium term, Standard chartered bank has recently declared that by 2018, Nigeria will overtake South Africa as the largest economy on the continent.”
Represented by Government. Babangida Aliyu of Niger, the president said that the success story was because Nigeria was investment friendly.
He said the theme of the forum, “Nigeria, the preferred investment destination” captured the spirit of the Federal Government’s economic transformation programme geared towards attracting investments by creating incentives and providing enabling environment for capital formation.
“The present administration is determined to foster an environment rich in opportunities for investment with the highest return while bringing inclusive growth to ordinary Nigerians.
“We are set to deregulate the power sector and government at various levels is increasingly looking up to the capital market to finance projects.”
Jonathan assured that government would continue to strive to ensure that the nation remained an investor’s paradise.
Minister of Trade and Investment, Mr Olusegun Aganga, said the forum was timely because the nation was ready to harness its huge potentials.
He said that with good investment atmosphere, the nation’s economy would grow as projected.
“As you will agree with me, the sovereign wealth fund is a potent pool of investment capital.
“We also have over N2.2 trillion in pension fund. With a safe investment atmosphere assured, the potential of the pension fund is boundless.’’
The minister assured that the export and free trade zones were being activated.
Aganga noted that the cement business in the country had improved, adding that by 2012, Nigeria was expected to produce 6.8 million tonnes of cement, making it the largest producer of cement in Africa.
Also speaking, the Director-General of SEC, Ms Arunma Oteh, said the focus of the commission was to ensure that the Nigerian capital market would be rated alongside the world class market.
She said that the establishment of margin guidelines, code of corporate governance and adoption of the International Financial reporting standard, were among the efforts made to ensure that the market competed favourably with the comity of nations.
Oteh said that the Forum would avail economists and other stakeholders an opportunity to talk on how to leverage the nation’s potentials to attract investors.
“This is the beginning of our year-long programme to mark the 50th anniversary of the capital market regulation in the country,” she said
News
PDP Kicks As APC Wins FCT Council Polls
The Peoples Democratic Party (PDP) has inaugurated a special legal team to handle election petitions arising from last Saturday’s Area Council elections in the Federal Capital Territory.
This comes as the All Progressives Congress (APC) won in Abaji, Kwali, AMAC, and Bwari Area Councils, while the PDP secured victory only in Gwagwalada.
The Tide reports that the council elections were held on Saturday, February 21, 2026, across all six FCT area councils, including Abaji, AMAC, Bwari, Gwagwalada, Kuje, and Kwali.
Results announced so far by the Independent National Electoral Commission (INEC) show that the All Progressives Congress (APC) won in Abaji, Kwali, AMAC, and Bwari Area Councils, while the PDP secured victory only in Gwagwalada.
In a statement issued yesterday by PDP’s National Publicity Secretary, Ini Ememobong, the party congratulated its candidates, who emerged winners in the chairmanship and councilor elections.
The opposition party acknowledged the victories, noting that the number of wins was lower than expected but significant given the alleged irregularities during the polls.
“We specifically congratulate the Chairman-elect of Gwagwalada Area Council, Mohammed Kasim, and the councillors who have been declared successful by the Independent National Electoral Commission (INEC).
“This victory, though less in number than we anticipated, is particularly gladdening because it is against the background of unprecedented intimidation, high-powered money politics, and brazen executive brigandage,” the statement read.
Ememobong claimed that there are reports and video evidence indicating voter intimidation and unlawful conduct that influenced the outcome of the elections.
“Reports and video evidence abound where armed security personnel were used to cart away result sheets in polling units, intimidate voters, and unduly influence the outcome of the elections.”
To address complaints and litigations arising from the polls, he said the party has set up a legal team headed by its National Legal Adviser, Shafi Bara’u, Esq.
The statement urged candidates with legitimate grievances to contact the Legal Adviser promptly, as delays could jeopardise their chances in election petition cases.
“The incredible voter apathy in these polls is a direct response to the anti-people Electoral Act 2026, where the people have completely lost faith in the electoral outcomes from elections conducted under this Act.
“These Local Council polls may just be a foreshadowing of the forthcoming general elections in 2027 if changes are not urgently made,” the statement added.
The PDP called on the National Assembly and the President to take corrective action to safeguard the integrity of Nigeria’s democracy.
News
S’Court Gets New Justice As CJN Swears In Oyewole, Wednesday
The Chief Justice of Nigeria, Kudirat Kekere-Ekun, will on Wednesday swear in Justice Joseph Oyewole as a Justice of the Supreme Court of Nigeria.
The ceremony is scheduled to be held at 2pm at Courtroom Two of the Supreme Court complex in Abuja.
The court urged guests to adhere strictly to the court’s protocols and security measures.
This was contained in a statement issued yesterday by the Supreme Court’s Director of Information and Public Relations, Dr Festus Akande.
The court described Oyewole’s appointment as a step towards reinforcing the capacity of the apex court to deliver fair and timely judgments.
Recall that Oyewole was, until his elevation, a Justice of the Court of Appeal and Presiding Justice of the Enugu Division, and joins the apex court bench as part of ongoing efforts to strengthen the judiciary.
The National Judicial Council recommended Oyewole for the position alongside 35 others for various judicial offices, following its 110th meeting held on January 13, 2026, and presided over by Justice Kekere-Ekun.
The statement partly read, “The Chief Justice of Nigeria, Hon. Justice Kudirat Kekere-Ekun, GCON, will on Wednesday, 25th February, 2026, preside over the swearing-in ceremony of the newly appointed Justice of the Supreme Court, Hon. Justice Joseph Olubunmi Kayode Oyewole, JCA.”
According to the statement, Oyewole served with distinction at the Court of Appeal and as Presiding Justice of the Enugu Division prior to his elevation.
“His appointment underscores the commitment of the Nigerian judiciary to upholding the rule of law, ensuring justice, and strengthening the bench with experienced and dedicated jurists. He brings a wealth of legal expertise and integrity to the apex court to further enhance its capacity to deliver fair and timely judgments,” the statement added.
The apex court further described the swearing-in as “another significant step in rejuvenating the judiciary and ensuring the continued delivery of justice in line with the highest standards of integrity, competence, and impartiality.”
The Supreme Court reiterated its commitment to justice, fairness and judicial independence for the benefit of Nigerians.
News
Fubara Mourns Senator Mpigi
Rivers State Governor, Sir Siminalayi Fubara, has expressed deep shock and sadness over the sudden passage of Senator Barinada Mpigi, the Senator representing South East Senatorial District of Rivers State.
In a tribute to mourn the deceased, Governor Fubara described Mpigi as a brother, a consummate politician and one of the leading lights in Rivers State.
He said that Mpigi died at a critical time when his services were still needed by the people of Rivers State and prayed God Almighty to grant him eternal rest.
The governor commiserated with his immediate family, the Rivers South East Senatorial District and the Senate at large, asking them to take solace in the fact that the deceased lived a good life and impacted positively on the people.
Senator Mpigi died at the age of 64. Until his death, he was the Chairman of the Senate Committee on Works.
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