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Buhari Vows To Honour FG’s Pact With ASUU

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President Muhammadu Buhari has promised to honour the agreement the Federal Government made to the Academic Staff Union of Universities (ASUU).
This, he said, would prevent disruptive strikes, engender uninterrupted academic programmes and improve funding of education institutions.
The president made the pledge, yesterday in Abuja while receiving members of the Nigeria Inter-Religious Council (NIREC) led by the Co-Chairs, the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar, and the President of the Christian Association of Nigeria, Rev. Samson Ayokunle.
Commending the leadership of NIREC for intervening in the year-long strike by ASUU and holding consultations with the parties, the president said no society which wishes itself well neglects its educational system and all its component parts.
Buhari urged NIREC that in its subsequent consultations with members of ASUU, it is important that they share with them that government regards them and the service they provide to the nation very highly.
“However, they should be cognizant of the fiscal pressures that we are currently facing. Nevertheless, we remain committed to honouring our promises.
“For their part, I would like to encourage ASUU to continue to work with us towards finding resolutions to the challenges that confront us.
“My administration is committed to this engagement and dialogue, and I urge them to stay the course towards a joint resolution in the best interest of our children and nation,” he said.
Responding to issues raised by the leadership of NIREC on finding sustainable solutions to the perennial and disruptive strikes that threaten the sanctity and integrity of the nation’s university system, the president said he had directed his chief of staff, ministers of labour and employment and education to make resolving this issue a priority.
The president said he had received briefing from the minister of labour, detailing where we are today given the various interested parties, and he apprised the meeting as follows:
“To show our commitment, several payments have been made over the last six months, addressing several of the issues you raised.
“Funding has also been provided for infrastructure development across several public universities and several of them have begun drawing down on this facility to improve their level of infrastructure.
“Finally, and perhaps, the most contentious of issues regarding the decision to use either the Integrated Payroll and Personal Information System (IPPIS) or the University Transparency Accountability Solutions (UTAS).
“As you may be aware, IPPIS was introduced as a means of blocking leakages. Through IPPIS, the Federal Government was able to save over N100billion annually from the core civil service alone. In view of the resistance from ASUU we devised UTAS which is now on the table.
“I have also been informed that the System Assessment Report conducted by NITDA has been shared by the Minister of Communications and Digital Economy to all stakeholders including ASUU, and they are to make the appropriate modifications and report their recommendations.”
CAN President, while speaking on behalf of the council, said the meeting with the President was on the single point of averting strikes in the universities and the challenges of ASUU, which they consider to be of national interest.
Ayokunle told the president that from NIREC’s meeting with ASUU on January 10, 2022, the university lecturers outlined that the bone of contention between the union and Federal Government centred on eight issues, including inconclusive renegotiation of 2009 ASUU-FGN agreement, UTAS, IPPIS and distortion in salary payment challenges.
According to him, other contentious issues are visitation panels to federal universities report issues, funding for revitalisation of public universities, earned academic allowance, state universities and promotion arrears.
The NIREC leadership, while acknowledging that some of the issues have been addressed by the government, appealed to Buhari to direct the immediate return to the table to conclude the re-negotiation of the 2009 agreement.
“If the renegotiation process continues to conclusion, issues that the government is not comfortable with can be re-negotiated with a view to reaching only implementable agreements. We believe that with renegotiation in place, other issues will be adequately addressed along the line,” the NIREC Co-Chair said.

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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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