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Senate Not Ready For Social Media Regulation, Says Akpabio

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The Senate President, Godswill Akpabio said yesterday that the 10th National Assembly might not be eager to regulate social media, saying that existing laws adequately address any violations by users of social media platforms.
Akpabio enjoined social media platforms users to use the platforms for positive productive engagements for the development of the country, adding that the country needs to keep pace with the emerging technologies for the benefit of all stakeholders.
He, however, said African countries need a digital future that is inclusive, secure and innovative, stressing that this should be the focus of all.
The Senate president made the remarks at the opening ceremony of the Parliamentarian Symposium of the African Internet Governance Forum (AIGF), held at Transcorp Hotel, Abuja.
The Forum which had the theme “Transforming Africa’s Digital Landscape: Empowering Inclusion, Security, and Innovation,” was with the support of the Nigerian Communications Commission (NCC).
He expressed confidence that the commitment of African Parliamentarians would ensure and deliver progress that represents the people’s aspirations, asserting that their coming together was aimed at initiating internet governance and digital policies and legislations to boost the sector.
Akpabio said: “This theme is a reflection of the deepest yearnings of all Africans for a concerted effort to keep in step with the rest of the world in the ICT race.”
Speaking through the Senate committee chairman on Cybersecurity and ICT, Afolabi Shuiab Salisu, the Senate president said emerging technologies cannot be taken in isolation from one another and that the existing laws should be allowed to take care of them.
He explained that it would be cumbersome to have laws on the usage of social media, another one on Artificial Intelligence (AI), and internet fraud, stressing that the country already has constitutional provisions to take care of breaches in any form or shape.
He said: “I am not sure that there’s going to be any specific bill on social media regulation. However, there are many laws in various areas, social media is just one space.
“So, rather than have a specific legislation on social media. I will rather say social media is just one platform. The same way people have used regular media platforms to commit libel, defamation, or sedition. So they will be taken care of.
“Thank God there was a court judgment somewhere, where a thumbs up has been acknowledged as approval for a business deal between parties. So, I don’t need to sign documents physically now before it become valid.
He said the time has come for African countries to take advantage of its active youthful population for empowerment, innovation and job creation, noting that “almost 70 percent of Nigeria’s population are youths. What does this mean? It does mean the youths can learn new technologies and use them for the benefit of all.”
The Secretary-General (AIGF), Hon. Samuel George, a member of the Ghanaian Parliament, who spoke on internet governance in Africa said, “Governments on the African continent are doing a fantastic job when it comes to the processes of digitalisation. We’re seeing a lot more government services becoming digitalised; social services, government services, health care, and justice, are becoming digital platforms.
“On West African sub-region Nigeria, is a big leader in that so we believe that governments are doing well”.

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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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