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The Economy: Disturbing Signals From Presidency

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Signals emanating from and around the Presidency in recent times have not been complementary to the institution, especially as pertains to the management of the Nigerian economy. With the most acute implications is the issue of the creation of a new Presidential Economic Advisory Council (PEAC), in the face of the National Economic Council (NEC) which is provided for in Section 153 of the Constitution. President Muhammadu Buhari had recently established the PEAC under circumstances that attracted more suspicion than merit for it, in spite of the impeccable credentials of the designated members. The major plank on which public misgiving had rested was the equally trending story that the personal aides of the Vice President who is also the Chairman of the NEC, have been redeployed to operate from offices outside the immediate precincts of the State House. The two stories largely reinforce the public take that there is a rift between the offices of the President and the Vice President – a development which if true, projects the Presidency as a house divided against itself.
While as expected, the State House media team had been striving to neutralise whatever insinuations that have been generated by these strands of information, the need exists for caution to guide the Presidency as the various operatives launch one initiative after the other, many of which only heighten public sense of unease in these times. Public concern over the stance of the Presidency on the economy is justified by the harsh experiences of the first term, during which the country went into avoidable economic recession. Nigerians and foreigners alike who have stakes in the Nigerian economy easily blame the government for allowing the recession through inchoate economic policy measures made worse with wrong timing.
With the advent of PEAC, the Presidency has set for itself another challenge of convincing Nigerians that it has no agenda of vitiating the integrity of the NEC and thereby launch Nigerian economy into another season of arrested development as occurred during the first term. Given that the management of a country’s economy thrives better with transparency and orderliness in the regime of policy administration, the simultaneous operation of two economic advisory bodies hardly bodes for efficiency. Against the backdrop of the foregoing therefore, many Nigerians wondering over the legitimacy as well as utility of the new body, especially from the context of two fears. Firstly, is why create a parallel body to the constitutionally established NEC in respect of providing economic advisory inputs to the Presidency? With the Vice Presidency as its Chairman, does NEC report to any other authority beyond the President? Secondly, was the advent of PEAC playing out the script which is trending virally, on the ground that it was intended by the hawks in the Presidency to blight the political relevance of the Vice President, Professor Yemi Osinbajo, and predispose him to irrelevance in Nigeria’s presidential political calculus for 2023. This second fear has trended to the extent of assuming the semblance of realty in many quarters, leading some governors to actually demand formal clarification from the Vice President. He in his response to them, explained that the PEAC was just a personal think tank for the President himself and has no negative effect on the NEC. Whether the inquiring governors and the Nigerian public were convinced by the Vice President, is a matter for another day.
Meanwhile, the country is yet to come to terms with an earlier Presidential directive for all Ministers to communicate with the President officially only through the Chief of Staff, Mr Abba Kyari. Needless to recall the wave of resentment it generated when that order saw the light of day, as many suspected a hidden agenda of tacit marginalisation of whoever does not fit into the good books of Kyari, as the ‘clearing house’ for the President’s attention and favours. Many had argued then whether the Vice President should also pass through Abba Kyari to communicate with the President. However, the advent of PEAC has left many permutations trending in the public domain.
Coming back to the spectacle of the PEAC against the backdrop of happenings in the Presidency leads more than a few Nigerians to nurse the fear that the economy may still be a weak link in Buhari’s second term – this time due to infighting among the key factors in the government’s engine room. While the major weak point throughout the first term of Muhamadu Buhari as the President of the country was the nation’s economy, largely due to the misreading of its features at the inception of his tenure, the prospects of having a continuation of the same malady in the second term may be a pill too bitter for Nigerians to swallow without a whimper.
Yet, the manifest concerns of the APC government at the centre, seem to focus less on the burning issue of an improved economy and more on permutations for the post-Buhari era come 2023. Many think that the circumstances that ushered in the APC into political power at the centre in 2015 and 2019 seem to have overwhelmed the party and the Presidency that they literally forget that the country’s perennial development challenge is on the economic front.
The question now is, having bulldozed themselves into power in 2015 and 2019, is the APC keen on winning the peoples’ hearts for the future? The disturbing signals from the Presidency point to a different direction.

 

Monima Daminabo

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Fubara Pledges Support For Corporate Organisations In Rivers …Says PPP Business Model Responsible For NLNG’s Success

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Rivers State Governor, Sir Siminalayi Fubara, has pledged the  continued  support of his administration for the Nigeria Liquified Natural Gas (NLNG) Limited.

Fubara gave the assurance while receiving the new Managing Director and Chief Executive Officer of the NLNG, Mr Adeleye Falade, who paid him a courtesy visit at Government House, Port Harcourt.

He assured that his administration would continue to contribute its own quota in support of the NLNG.

According to him, the success of the organisation is equally the success of the government of Rivers State and the success of the Federal Government.

“Our duty is to make sure that we support whoever is operating in our state. We are the ones here. If we don’t support you and you don’t succeed, we also will not succeed and Mr President will also not succeed.

“So, the success of your establishment is the success of our state, and overall success of Nigeria. So you can count on our support. Wherever you think  we need to come in to support you, please do not hesitate to call upon us.

“You just mentioned here that your predecessor left a handover note showcasing the level of support that he got from the state. It is not going to be different in your own case. I can  assure you that.  I will also ensure that other units of the government will  liaise with you when necessary. So even if you can’t get to me, you can always get to them and if there is anything we can do to help your establishment succeed, we will do it for you,” he said.

The governor attributed the success of the NLNG to the Public Private Partnership ( PPP) business model adopted by the Federal Government and the multinational oil companies.

The NLNG is jointly owned by Nigerian National Petroleum Corporation (NNPC) with 49%, Shell Gas B.V. with 25.6%, Total LNG Nigeria Ltd with 15%, and Eni International with 10.4%.

The partnership model allows for shared risks, costs, and expertise in the LNG sector.

The governor noted that the NLNG has not only survived the difficult business environment but has made sustained progress in the nearly three decades of its existence.

According to him, the decision of the Federal Government to allow the multinational oil companies who have the  needed expertise to run the establishment while government plays a supervisory role over it has largely been responsible for its  success.

“I’m very proud to say that if there is one establishment that has shown resilience, that has survived in the face of all the political issues prevalent in this country, it is the NLNG. And what is the reason? The reason is very simple. Government has no business in business. That is the truth. Leave the business for those people who can operate it. Let the government play its supervisory role to ensure that there is compliance with  the laws;  ensure that standards are maintained and also ensure that the right people with the needed  expertise are at the helm of affairs. That’s all. I think that is the reason why we still record a lot of successes in NLNG,” he said.

In his opening remark, the new NLNG boss, Mr Adeleye Falade, who led other top officials of the company on the visit, expressed appreciation to the governor for granting them audience, and appealed to the State Government to continue to support the organisation.

“We appreciate the opportunity to meet with you and deepen this important relationship.We deeply value the support the Rivers State Government continues to extend in fostering an enabling operating environment for businesses. NLNG remains deliberate in its contribution to Nigeria’s development, and Rivers State, our primary host, continues to be central to that commitment,” he said.

Falade said the company has continued to work with its host communities to strengthen their  capacity to identify, prioritise, and deliver sustainable development initiatives that create lasting impact.

According to him, communities including Amadi-ama, Abua, Ekpeye, Okrika, Kalabari, and Emohua have continued to benefit from this model.

He said that beyond community infrastructure, the NLNG  has sustained investments in economic empowerment through initiatives such as Vocational Innovation and Business Empowerment Scheme (VIBES) and  Micro Small and Medium Enterprise (MSME) schemes.

These, he said, were designed  to support small businesses, build capacity, and stimulate local enterprise across the state.

Among officials of the company who accompanied the Managing Director were General Manager, External Relations and Sustainable Development, Dr Sophia Horsfall; Manager, Government Relations, Mr Abdul Umar; Manager, Community Relations, Dr. Yemi Adeyemi; Head of Government Relations, Mr Mike Igoni; Head of Community Liaison and Engagement, Chief Ifeanyi Umeh.

Others are Technical Assistant to Executive Leadership, Mr Hassan Saleh; Senior Media and Publicity Advisor, Mr Emma Nwatu; Government Relations Advisor, Miss Homa Nmegbu; Senior Government Relations Advisor, Mrs Kate Allison, and Audio -Visual Advisor, Mr Dawood Ahmed.

 

 

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FG Reaffirms Nigeria’s Stability As US Embassy Suspends Visa Appointments In Abuja Office

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The Federal Government has reassured Nigerians and the international community of the country’s stability following a recent advisory by the United States authorising the departure of non-emergency personnel from its embassy in Abuja.

The Minister of Information and National Orientation, Mohammed Idris, stated this in a statement issued yesterday by his media aide, Rabiu Ibrahim.

According to the minister, public institutions across the country remain fully operational, with no disruption to governance, economic activities, or daily life.

This followed the decision of the United States Mission in Nigeria to suspend visa appointments at its Embassy in Abuja.

The mission’s decision was contained in a post shared on its official X handle, yesterday.

It stated, “U.S. Embassy Abuja is closed for visa appointments. Applicants should check their email for details on rescheduled appointments.”

The mission, however, clarified that visa operations at the U.S. Consulate General in Lagos remain ongoing.

The development comes amid a broader security advisory issued by the United States, which authorised the departure of non-emergency staff from its Abuja embassy and expanded its Nigeria travel blacklist to 23 states.

The State Department issued the authorised departure order on Tuesday, alongside an updated travel advisory that added Plateau, Jigawa, Kwara, Niger and Taraba to its highest warning category, “Do Not Travel.”

While the overall advisory rating for Nigeria remains at Level 3, “Reconsider Travel,” the department warned that some areas face increased risks due to crime, terrorism, unrest, kidnapping and limited healthcare availability.

According to the advisory, Americans are often targeted for kidnapping and robbery, while terrorist attacks continue to pose a threat across multiple locations, including markets, religious centres, hotels and public gatherings.

It also raised concerns about the state of emergency healthcare in the country, noting that hospitals often require immediate cash payments, ambulance services are unreliable and poorly equipped, and blood supply systems are inconsistent.

Medical facilities in Nigeria, the advisory said, generally do not meet United States or European standards, adding that evacuation may be necessary in medical emergencies.

The advisory further urged US citizens in Nigeria to enrol in the Smart Traveller Enrollment Programme, avoid large gatherings, vary their routines and maintain evacuation plans that do not depend on US government assistance.

It also recommended that individuals establish “proof of life” protocols with family members in the event of kidnapping.

The blacklist is divided into regional clusters. Borno, Kogi, Yobe and northern Adamawa remain under the terrorism, crime and kidnapping category, with the State Department warning that terrorist groups continue to plan and carry out attacks, sometimes in collaboration with local gangs.

For Bauchi, Gombe, Kaduna, Kano, Katsina, Sokoto and Zamfara, the advisory points to widespread banditry, communal clashes and kidnapping, while noting that security operations may occur without warning.

In the South-East and Niger Delta, states including Abia, Anambra, Bayelsa, Delta, Enugu, Imo and Rivers (excluding Port Harcourt) are flagged for crime, kidnapping and civil unrest, with armed gangs and violent protests posing significant risks.

The latest update added Plateau, Jigawa, Kwara, Niger and Taraba to the “Do Not Travel” list, citing the spread of insecurity into new regions, particularly in the Middle Belt where farmer-herder conflicts have intensified.

The advisory described the security situation in these newly added states as unstable and unpredictable, with counter-operations by security forces likely to occur without prior notice.

Idris, however, described the US advisory as a routine precaution based on internal protocols, stressing that it does not reflect the overall security situation in the country.

“While we acknowledge isolated security challenges in some areas, there is no general breakdown of law and order, and the vast majority of the country remains stable,” Idris said.

He noted that ongoing security operations have recorded measurable gains across several regions, attributing the progress to coordinated military efforts, intelligence-led interventions, and strengthened inter-agency collaboration.

“Our security agencies remain actively engaged in protecting lives and property, and the results of these efforts are increasingly evident,” he added.

According to the minister, recent operations have disrupted criminal networks, curtailed the activities of armed groups, and improved safety in vulnerable communities.

Idris also maintained that Nigeria remains open for business, travel, and investment, adding that ongoing economic reforms are strengthening investor confidence and enhancing the country’s global standing.

He said, “International partners and investors continue to engage actively with Nigeria, reflecting confidence in the country’s stability and long-term prospects.”

The minister urged foreign governments to ensure that their advisories reflect current realities and ongoing progress in the country.

“We encourage our international partners to continuously engage with Nigerian authorities to obtain a more comprehensive and current understanding of the situation on the ground,” he said.

The Federal Government reiterated its commitment to sustaining security improvements and ensuring the safety of citizens and visitors, assuring that Nigeria remains a safe and welcoming destination.

 

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Fubara Visits Gas Emission Site, Donates N100m To Bille Kingdom,

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Rivers State Governor, Sir Siminalayi Fubara, yesterday extended interim relief measures to the people of Bille Kingdom as the government intensifies efforts to address the ongoing environmental degradation affecting the area.

This was contained in a statement by the Head of Information and Public Relations Unit, Office of the Secretary to the State Government, Juliana Masi, yesterday.

The governor, during a working visit to Bille Kingdom in Degema Local Government Area, reassured residents of his deep concern for their health and well-being.

He reiterated his administration’s commitment to finding a lasting solution to the persistent gas emissions observed in the community’s land and water sources since November 2025.

Represented by the Secretary to the State Government, Dagogo Wokoma, the governor announced immediate interventions to address urgent needs.

Some of the relief measures include the provision of potable water and essential medical services through the release of ?100 million as palliative support for the affected community.

According to the SSG, “Governor Fubara remains deeply committed to the welfare of the people of Bille Kingdom. Although unable to attend in person due to pressing state engagements, he is fully aware of the situation and determined to tackle the root cause of the environmental challenge”.

The governor assured residents that the state government would not relent in its efforts to provide a permanent solution to the gas emissions, emphasizing that the current intervention is only a temporary measure to ease the suffering of the people.

He further urged members of the community to remain law-abiding and continue supporting his administration, noting that he has consistently demonstrated a track record of fulfilling his promises.

Earlier, the Chairman, Council of Chief for Bille Kingdom, Chief Bennet Dokubo, expressed joy over the State visit, describing Fubara as a leader who listens to the plight of the people.

He urged the governor to critically look into the gas emission which he described as dangerous to human health.

“If we take you into the river, we notice that the entire environment is bubbling and smelling.

“We most humbly urge you to critically look into this situation. This is something strange we have never experienced before. It is not good for human health,” the monarch stressed.

 

 

 

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