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Nigerians Now Spend More Hours On Roads Over Deplorable Conditions -Obasanjo

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Former President Olusegun Obasanjo, has expressed disappointment over the deplorable road conditions in the country, saying Nigerians now spend more hours plying them due to their present conditions.
The former president said Nigerians now put into consideration the poor conditions of the roads before embarking on any journey so as to avoid lateness.
Obasanjo made the comments, yesterday, while making a brief speech at a lecture delivered by a legal Icon, Chief Mike Ozekhome (SAN), titled: ‘The Place of Education in a Crisis-Ridden Nigeria’, marking the 10th convocation ceremonies of the Afe Babalola University, Ado Ekiti(ABUAD).
The former president who arrived late to the convocation lecture, tendered some apologies saying, “kindly accept my apologies for coming late to this ceremony.”
Justifying his lateness to the ceremony, Obasanjo in his brief speech said, “I thought if I leave Abeokuta at 4.30am that I will get to ABUAD at 10am. But when we got to the middle of the journey, the conditions of our roads were bad.
“We started asking which was the best route to take to get to Ado-Ekiti? It was tough before we could get here, kindly pardon me”.
Obasanjo lauded the university’s founder, Aare AfeBabalola(SAN) for replicating and surpassing in ABUAD, what he did at the University of Lagos, when he (Obasanjo) appointed him the pro-chancellor and chairman of Governing Council, saying, “I am proud to associate with ABUAD”.
At the lecture, Babalola expressed concern over Nigeria’s total debt profile, saying as at March, 2022 her total debt profile was N41.60trillion.
The legal icon who described the debt as alarming, urged that the Federal Government and patriotic Nigerians must take proactive measures to offset the debt.
Babalola suggested that Nigerians, who are private jet owners, proprietors of universities, all presidential aspirants , owners of multinational companies and successful individuals to contribute millions to defray the debt.
Delivering his lecture, Chief Mike Ozekhome (SAN), who described Nigeria as a ‘failed state” identifiedincrease in school abduction, banditry and endless borrowing as negative ingredients affecting Nigeria’s education system.
The human rights lawyer said to re-establish sanity in the sector, Nigeria needs proactive and aggressive actions in tackling the ills such as “corruption, poverty, insecurity, commercialisation, mediocrity, illegality, deprivation, cultism, poor funding” affecting the education sector.
He advised against poor budgetary allocation to education, saying allotting a paltry of 7.7percent to the education rather than the prescribed 20-25percent, may continually dim Nigeria’s future and create despondency for many citizens.
Ozekhome added; “We have gotten to a terrifying situation where armed bandits and kidnappers now hoist flags on Nigerian soil, collect taxes from Nigerians; and give them identity cards and passes. They challenge Nigeria’s sovereignty. Some hold school children hostage and demand from their parents, bags of salt, rice, maize, millet, and beans; baskets of tomatoes, pepper, tatashe and onions.
“They also demand for jerry cans of palm oil, vegetable oil; maggie cubes, and other condiments. These are necessary to feed the children of traumatised Nigerians held firmly in their gulag, to keep them alive for payment of enforced ransoms.
“Herdsmen invade homes and farms freely. They kill, maim, rape and pillage. The government appears helpless. When non-state actors are more powerful than the state actors, when we keep on borrowing endlessly, if these are not symptomatic of a failed state, then, tell me what a failed state is.
“These alarming figures were corroborated by the United Nations International Children’s Fund in a statement to mark the International Day of Education the 24th day of January, 2022. According to the world body, in 2021, there were 25 attacks on schools, 1,440 children were abducted, and 16 children killed.
“In March 2021, no fewer than 618 schools were closed in six northern states of Sokoto, Zamfara, Kano, Katsina, Niger and Yobe over the fear of attack and abduction of pupils and members of staff. The closure of schools in these states significantly contributed to learning losses for over two months”.
On the increasing number of school dropouts in Nigeria, Ozekhome, said ; “The UNICEF said it was tragic how 35percent of children who make it to a classroom, but never make the transition from primary school to secondary school, thereby cutting off their changes for a secured future”.

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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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