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A Stitch In Time…

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Page 10 of The Tide newspaper of Monday, November 4, 2019, carried some vital news items of which two will form the focus of this article. “Presidency Lists Gains of Buhari’s Foreign Trips’’, and “Miyetti Allah Not Above The Law…” Those who know the style and strategies of news management would give the President’s spokesman, Garba Shehu credit as being an astute PR guru and perhaps, a spin doctor.
That President Muhammadu Buhari departed Mecca for United Kingdom after successful performance of the lesser Hajj, makes a straight news, from a professional journalist. But the import of the fact, “Buhari would be in London for a private visit and will return to Nigeria on November 17”, was drowned in “Gains of Buhari’s Foreign Trips”. Rather than the financial and other implications of such private visit to the United Kingdom for a country spending over $1billion to service debts, the “take away from the President’s foreign trips” makes cheering news.
Issue about the purpose of the private visit, its costs to the Nigerian economy and the tax payers as well as the health status of the President, are not meant for public consumption. Rather, Nigerians should rejoice because the world’s largest oil operating company, ARAMCO and its chairman, Yassir Al-Rumayyan, asked Buhari, “what can we do for you?” Buhari’s response was to invite ARAMCO to visit Nigeria and carry out a diagnostic assessment of NNPC refineries, pipelines and other infrastructures.
Business prospects and gains are bound to arise when a President participates in the Future Investment Initiative (FII) and “Davos in the Desert, to talk about “What’s Next For Africa”. How will investment and trade transform the African continent into the next Great Economic Success Story? The answer lies in foreign trips and talks.
Any intelligent analyst looking at what transpired in in the Saudi Kingdom during President Buhari’s visit would conclude that Yassir Al-Rumayyan and his ARAMCO are making an in-road into Nigeria’s oil and gas market. Especially with the status of the Petroleum Industry Governance Bill and interested parties waiting to invest, it would not be difficult to know why Al-Rumayyan asked: what can we do for you?”
What is of vital importance in Garba Shehu’s listing of the gains of President Buhari’s foreign trips, apart from the London private visit, is the possible coming of ARAMCO into Nigeria’s oil and gas industry. The strategy was to present this “take away “ or gain from the Saudi Kingdom, but divert attention away from the cost implications of the London private visit.
When an old class mate at the School of Oriental and African Studies called a few days ago and talked about my country “moving towards the Arab World”, the call carried more significant message than what was voiced. Apart from the ‘take away” that we expect from ARAMCO, Nigeria is a celebrated member of the Organisation of Islamic Conference (OIC). So, my country moving towards the Arab world and Islamic Brotherhood does not make an exciting news. We already have the Western World as old friends, which accounts for why our leaders often go to London on private visits.
The other news item about Miyetti Allah not being above the law also contained serious implications. The National President of Miyetti Allah Kautal Hore (MAKH), Alhaji Abdulahi Bodejo was said to have made utterances that were inciting and direct invitation to anarchy in the country. He was quoted as saying: “you are a governor and you want to enjoy peace in your state, you do not need any long meeting, just create a particular area for the Fulani and equip them with modern amenities”.
Alhaji Bodejo was referring to Governor Ortom of Benue State, with regards to the Open Grazing Prohibition and Ranches Establishment Law. Bodejo asked Governor Ortom to “apologise to Fulani in Nigeria for killing them, for destroying their businesses and damaging our names…” He went on to say that “we are in court because we can’t allow that law to work”.
With regards to the news items about “gains of Buhari’s foreign trips” and Miyetti Allah not being above the law, there is a need for the managers of the affairs of Nigeria to admit that there are issues of serious national concern. We must not wait until we get involved and engulfed in crises situations before realistic actions are taken.

 

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

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President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow  …Restates Commitment Towards Veterans’ Welfare

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The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph,  Port Harcourt”, he said.

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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.

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