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FG UNVEILS GOVERNANCE SCORECARD TO ACCELERATE $1 TRILLION ECONOMY VISION

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The Honourable Minister of Finance and Coordinating Minister of the Economy Mr Wale Edun has spotlighted corporate governance as a key lever in President Bola Ahmed Tinubu’s push to build a $1 trillion economy, urging state-owned enterprises (SOEs) to meet global standards of transparency, ethics, and performance.

Speaking at the MOFI Corporate Governance Forum in Abuja on Monday, the Honourable Minister described the newly introduced MOFI Scorecard as a vital benchmark for institutional health—designed to position SOEs for investment, growth, and long-term value creation.

This scorecard is not just a document—it’s a test, Edun said. He added that Strong governance attracts capital, builds trust, and delivers real economic returns.

The two-day forum, themed Ensuring Value Creation in State-Owned Enterprises Through Better Corporate Governance, brought together CEOs, regulators, and development partners to examine how better oversight can unlock Nigeria’s public asset potential.

Referencing entities like NNPC Ltd, Edun noted that SOEs must be investor-ready as the government shifts from debt-heavy budgets to equity-based growth. He also pointed to positive macro signals and falling food and fuel prices—as early signs of a stabilising economy.

MOFI Chairman Dr. Shamsudeen Usman confirmed that the scorecard will be enforced through independent assessments, including MOFI itself. We are not asking others to do what we haven’t already done, he said.

MOFI CEO Dr. Armstrong Takang outlined a rollout that includes third-party evaluations, remediation plans, and public recognition through the annual MOFI Excellence Awards.

Backed by the World Bank, the initiative marks a shift in how Nigeria manages public wealth—with governance now central to growth, resilience, and investor confidence.

The introduction of the governance scorecard is a testament to the Federal Government’s commitment to transforming Nigeria’s economy. As the country moves forward, one thing is clear: transparency, accountability, and growth will be the guiding principles for the SOEs.

 

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PDP Holds BoT Meeting, Vows To Restore Confidence, Hold Congress In States

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The Peoples Democratic Party (PDP) Board of Trustees (BoT) is presently meeting in Abuja.

In his opening address, the BoT Chairman, Senator Mao Ohuabunwa, reaffirmed the commitment of the body to restoring confidence within the party and organizing congresses in states where they have not yet been held.

Senator Ohuabunwa told members that the national leadership is ready to work collaboratively with all state chapters to bring fresh leadership and stability across the country.

He outlined the PDP’s roadmap: conduct overdue state congresses, consolidate ongoing achievements, and support the national leadership to steer the party back on course.

According to him, these steps are critical to ensuring unity, transparency, and strengthening grassroots engagement.

By holding timely congresses and reinforcing organizational discipline, PDP hopes to rebuild trust among members and present a more organized, credible front ahead of future elections.

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BREAKING: Talon safe as loyalist forces regain control after brief coup scare

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Benin’s President Patrice Talon is safe, and security forces are restoring order after a faction of soldiers claimed to have removed him from power, the presidency announced on Sunday.

In a brief statement, the presidency dismissed the soldiers’ declaration as the actions of a fringe group with limited influence.

“This is a small group of individuals who only managed to seize the television station. The regular army is steadily regaining control. Both the city and the entire country remain completely secure,” the statement said.

The clarification follows an earlier broadcast by soldiers identifying themselves as the “Military Committee for Refoundation,” who declared that Talon had been removed from office.

The government has since described the broadcast as an isolated disruption, assuring citizens that the situation is under control.

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Orluzurumee Shifts Expanded Stakeholders’ Meeting To December 13

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The leadership of Orluzurumee, the apex socio-cultural body of Orlu Zone, has announced a new date for its much-anticipated Expanded Leadership and Stakeholders Meeting.

In a statement by the group’s Publicity Secretary, Nnamdi Cos-Ukwuoma, the organization said the meeting, earlier scheduled was shifted due to fresh logistical arrangements aimed at ensuring wider participation and seamless coordination.

According to the statement, the meeting will now take place on Saturday, December 13, 2025, at the Mayor Eze Hall, Orlu Local Government Headquarters, by 11:00 a.m.

Orluzurumee, under the leadership of its President General, Rt. Hon. Ugochukwu Nzekwe, expressed regret over any inconvenience the postponement may have caused invited stakeholders, stressing that the adjustment was necessary to guarantee a more inclusive and productive engagement.

According to the statement, the meeting is being convened in collaboration with the Chairman of the Imo State Council of Traditional Rulers, Eze Dr. Emmanuel Okeke, and is expected to bring together traditional institutions, political leaders, community heads and other key actors from across Orlu Zone.

The organization described the gathering as a critical platform for fostering unity, peace and development across the zone, while reaffirming its commitment to the vision of “One Voice, One Destiny, One Orlu.”

Stakeholders and residents of the zone were urged to attend and participate actively in shaping the future direction of Orlu.

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