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FG Woos Foreign Investors To Nigeria’s New Oil

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The Minister of Information and Culture, Alhaji Lai Mohammed has called on investors from France and across the globe to invest in the nation’s new oil.
The minister, who made the call at the Nigeria international Partnership Forum in France, described the nation’s entertainment sector and TV market as “the Nigeria’s new oil with 24million TV households and the largest in Africa’’.
The event attended by President Muhammadu Buhari and business moguls from Nigeria and France was organised to spotlight Nigeria’s immense trade and investment opportunities.
Mohammed said Nigeria is the Africa music and entertainment capital and has the continent’s largest TV market with high growth potential.
He said with the ongoing Digital Switch Over (DSO) there were potential for investments in the manufacturing of Set-Top-Boxes, content provision and requisite technology.
“Moving from analogue to digital television broadcasting means we will have more channels and more contents.
“The Nigeria TV market has about 100million subscribers in the rural areas and also about 98million in the urban settlement while the annual TV subscription revenue is about $80million.
“The advert spent as at 2020 is about $490million and as digital transformation is ongoing; we are looking at N1.47billion advert revenue,’’ he said
Mohammed said besides the TV market, Nigeria has Africa largest internet and social media economy with 107million active Internet users, 33million active social media users and annual add spent of about $233million.
He said Nigeria is projected to be the fastest growing media and entertainment market in five-year time with 12.1 compound annual growth rate.
According to him, the market growth is currently driven by subscription revenue which accounted for 72.26per cent, while TV advertising accounted for 21.3per cent.
“This is what exactly we want to change with DSO because; only about two or three companies in Nigeria today are involved in subscription while we have hundreds of TV stations, producers, writers and directors.
“We want to revise it to ensure that about 70per cent of our revenue will come from content producers directors and content owners while subscription will take about 30per cent,’’ he said.
Mohammed described Nollywood and Nigeria music industry as the pride of the continent.
According to him, Nollywood is the second largest TV in the world creating about 2,000 movies annually while music industry alone in 2020 generated $7.7billion.
The minister reiterated that the Nigerian economy was prepared and waiting for investors, and advised global investors to take advantage of the creative and TV sectors.
Fielding questions from audience, the minister reiterated government position that Twitter was never banned but the operations of the micro blogging site was suspended for allowing the platform to be used by secessionist and those who wanted to destabilise the country.
He said the correspondence between government and Twitter had reached advanced stage and the issue would be resolved in a mutually beneficial manner to both Twitter as a company and Nigeria as a country.

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NDLEA Intercepts Drugs Hidden In Clothes, Garri

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Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted consignments of cocaine and various opioids concealed in walls of cartons used to package cloths and other items going to the United Kingdom and Australia.

Spokesman of the agency, Femi Babafemi, in a statement shared on X yesterday confirmed the interdiction.

According to him, “The two seizures were recorded at a courier company in Lagos on Friday 15th May 2026 during examination of shipments going to the UK and Australia.

“A total of 170grams of cocaine sealed in cellophane parcels and buried in the walls of a carton of cloths heading to Australia were recovered.

“A wide range of opioids including: 200 ampoules of pentazocine injection; 1,100 capsules of tramadol and 100 ampoules of promethazine injection were recovered from another carton which has United Kingdom as its final destination”.

“In FCT Abuja, NDLEA operatives on Monday 11th May arrested a 29-year-old businessman Ogadi Peter who specializes in producing drug laced cakes and cookies for parties and social gatherings in the capital city.

“Following credible intelligence, he was traced to his home in Life Camp area of the FCT where he was nabbed while 800grams of skunk and 2.70kg drug laced cookies recovered from him”.

“In Delta state, NDLEA operatives on Sunday 10th May, raided Ejeonu village in Ukwuani local government area where they destroyed 27,500 kilograms of skunk on 11 hectares of farmland and recovered 22.9kg of same substance while a 52-year-old suspect Ifeanyichukwu Peter was arrested in a follow up operation at Obiaruku.

“A similar raid in Orogun village, Ughelli North LGA on Tuesday 12th May led to the destruction of 37,500 kilograms and recovery of 55.4kg of same psychoactive substance on 15 hectares of farm as well as the arrest of 30-year-old Godwin Vincent Osadera.

“This brings the total weight of skunk destroyed by NDLEA operatives supported by soldiers in the two operations to 65,000 kilograms”.

“In Kaduna State, 361kg of skunk was recovered during a raid operation at Dan Magaji area of Zaria town on Wednesday 13th May. and a suspect Husaini Suleiman, 42 ,was arrested.

“A large cache of military-grade ammunition was intercepted by NDLEA officers on patrol along Abuja-Kaduna highway, Kaduna on Tuesday 12th May.

“A suspect, 35-year-old Abdullahi Hassan was caught conveying the 1, 989 rounds of RLA 7.62mm concealed in fresh white cassava granules locally known as garri.

“Both the suspect and exhibit have since been transferred to another security agency for further investigation’.

Also, a total of 181kg skunk was recovered from a suspect Aliyu Sani when NDLEA operatives raided the Ogere area of Ogun state on Wednesday 13th May, while another suspect Sufiyanu Mohammed Misa, 27, was arrested with 105,850 pills of opioids including tramadol, diazepam and exol-5 along Zaki- Biam road Wukari LGA, Taraba state on Thursday 14th May.

In Oyo State, two suspects: Adeleke Olamide Aliyah, 20, and Aloba Abdulazeez, 25, were arrested on Thursday, 14th May at Challenge II, Saki town, in connection with the seizure of 99 litres of skuchies.

NDLEA also said a total of 1,388.4175 kilograms of skunk were destroyed on two farms on Friday, 15th May when NDLEA officers raided Ago forest, Orhionmwon LGA, Edo state.

A 25-litre jerry can of palm oil used to conceal 1.2kg pills of tramaking 225mg was recovered from Kofar Ruwa motor park in Kano on Monday, 11th May following credible intelligence while a suspect Aminu Isa, 35, was arrested at Sabuwar Sharada area of the state same day with 30.5kg skunk.

The War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands equally continued across the country in the past week including: WADA sensitization lecture delivered to students and staff of The Apostolic Church Model College, Ijokodo, Ibadan Oyo State; School of Health Technology, Lambata, Niger state; Yewa Junior High School, Agege, Lagos; Government Secondary School, Yardaje, Katsina; Igogo Commercial High School, Igogo Ekiti and Government Girls Secondary School, Magwan, Kano state; among others.

While commending the officers and men of DOGI, Delta, Kaduna, Oyo, Taraba, Kano, FCT and Edo Commands of the Agency for the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts.

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Five Die In Abuja Building Collapse

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No fewer than five persons have been confirmed dead after a three-storey building under construction collapsed in the Durumi 3 area near Gudu Market in the Abuja Municipal Area Council of the Federal Capital Territory on Saturday morning.

Ten other persons were rescued alive from the rubble, according to the media aide to the Minister of the Federal Capital Territory, Lere Olayinka, who provided an update on the incident via his X handle on Saturday.

Olayinka further stated that the Mandate Secretary of the Health Services and Environment Secretariat of the Federal Capital Territory Administration, Dr Adedolapo Fasawe, who visited the site, disclosed that the Minister of the Federal Capital Territory, Nyesom Wike, had directed that “all casualties be given free medical treatment.”

According to him, emergency responders continued efforts to evacuate more victims believed to be trapped beneath the rubble.

Officials of the Federal Fire Service, health workers, security agencies and local volunteers were at the scene working to rescue victims.

Recall that in April, six persons were injured following a similar collapse of a two-storey building under construction in Jikwoyi within the AMAC area.

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Odu Charges Newlyweds To Build Marriage On Love

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Rivers State Deputy Governor, Prof. Ngozi Odu, has charged newlywed couples to build their marriages on the virtues of love as taught in the Word of God.

Prof. Odu gave the charge at the wedding ceremony of Amblessed Favour Sunny-Cookey and Samson Jesuganji at Lifegate Power Ministries, Dominion Cathedral, in Port Harcourt at the weekend.

This was contained in a statement by the Head of Press, Deputy Governor’s Office, Owupele Benebo last Saturday.

The statement identified the bride as the daughter of Pastor Sunny Cookey, the Founder and Presiding Pastor of Lifegate Ministries.

The deputy governor congratulated the couple on a new phase of life, and prayed for God’s blessings upon their union, noting that the couple were raised by godly parents and encouraging them to uphold the Christian values instilled in them.

Referring to the sermon delivered during the ceremony, Odu emphasized that the principles of love and submission remain fundamental to a successful marriage.

According to her, genuine love reflects the nature of God, stressing that love should remain the foundation of the couple’s relationship as they journey through life together.

She prayed for enduring peace, happiness, and progress in their home, expressing confidence that the marriage would continue to flourish under God’s guidance.

The deputy governor commended the families of the couple for their support and upbringing, while urging the newlyweds to always remember the significance of the day and the commitment they had made before God and witnesses.

In his sermon at the wedding, the Founder and Presiding Pastor of Salvation Ministries, Pastor David Ibiyeomie, stated that marriage did not originate from Western culture, traditions, or human ideas, but from God, whom he described as the “manufacturer” of marriage.

According to the cleric, couples seeking lasting and peaceful homes must rely on biblical principles rather than societal trends or assumptions.

He explained that many marital crises and rising divorce rates stem from ignorance and failure to apply scriptural teachings in family life.

Drawing from the biblical parable of building a house on a rock, Ibiyeomie said the Word of God remains the only solid foundation capable of sustaining marriages through challenges and difficult times.

He noted that marriage naturally comes with unexpected realities and pressures, stressing that religious ceremonies or cultural practices alone are not enough to sustain a home without proper understanding of God’s instructions.

The pastor further warned that ignorance of scripture remains one of the greatest weapons against believers, urging Christians to study and practice the Word of God rather than merely attending church services.

The ceremony had many ministers in attendance including Apostle Zilly Aggrey, Pastor George Izunwa, and Bishop Winston Iwo.

 

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