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Tinubu’s economic reforms are yielding fruits- Minister of Information, Mohammed Idris, says

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The Federal Government says the economic reforms of President Tinubu are yielding results. In a statement released on Friday February 23, the Minister of Information and National Orientation, Mohammed Idris, said reforms such as the removal of fuel subsidy as well as the unification of the foreign exchange rate are yielding results.

 

He pointed out that the removal of fuel subsidy has led to the drop of petrol importation by fifty percent. He also mentioned that following the removal of fuel subsidy, monthly receipts by States from the Federal Accounts Allocation Committee (FAAC) have surged, giving governments at all levels billions of Naira in extra headroom to deliver the dividends of democracy to Nigerians.

 

‘’It is heartwarming to note that we are starting to see the results. Indeed, the naira is stabilizing, and the foreign exchange market is seeing a surge of inflows. The latest NBS figures show that capital importation into Nigeria rose by over 66 percent in Q4 2023, compared with the preceding quarter. The CBN Governor has also highlighted the fact that $1.8 billion flowed into the forex market last week, on the back of the new reforms.”

Idris pointed out that sadly, as with any effort to reform and sanitise a system entrenched in long-term malpractice, the CBN’s efforts have been met with ferocious resistance from speculators and other unscrupulous players within and outside the country, who profit from dysfunction and opacity.

‘’To tackle this, regulatory and enforcement agencies of government have been working round the clock in the past few days, joining forces to address these efforts at undermining the reforms. That strategic alliance has led to the intelligence-led identification, investigation and sanctioning of individuals and organizations involved in illegal activities and sabotage within the forex market.

Relevant regulatory and security agencies have been directed to remain vigilant to ensure that malpractices capable of undermining our currency are averted and that those engaged in these acts are brought to book. The government will not allow its efforts to be jeopardised. The emerging stability of the naira is in the interest of all Nigerians.” he said

Idris added that Nigerians should be rest assured that the government will continue to take further steps to stabilize the naira and safeguard our economy.

‘’We will continue to seek the patience and understanding of Nigerians as we push through these difficult times, into a season of abundant benefits and truly renewed Hope. As the President never fails to emphasize, these headwinds we are facing are only temporary, and, collectively, we will surely overcome. The President and his team are and will remain resolutely committed and focused on the task of bringing immediate relief and enduring prosperity to all Nigerians.” he said

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Former Nigerian VP Sambo dumps PDP for APC

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Former Nigerian Vice President Namadi Sambo

Former Nigerian Vice President Namadi Sambo officially dumped the People’s Democratic Party for the ruling All Progressives Party, on Wednesday.

Ekwutosblog reports that the former VP under ex-president Goodluck Jonathan’s administration between 2010 and 2015 joined the Kaduna State Chapter of the APC on Friday.

An APC stalwart, Imran Muhammad, confirmed Sambo’s defection in his X account.

Details soon…

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Senate Questions Nomination Of Non-Indigene As Rivers Electoral Commission Chair

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Odey, a native of Cross River State, came under scrutiny from the panel, chaired by Senate Leader, Opeyemi Bamidele, over his non-indigene status.

The Senate Adhoc Committee on the Emergency Rule in Rivers State has commenced the screening of nominees for the Rivers State Independent Electoral Commission (RSIEC), with a major point of contention emerging over the nomination of Michael Odey as the chairman of the electoral body.

Odey, a native of Cross River State, came under scrutiny from the panel, chaired by Senate Leader, Opeyemi Bamidele, over his non-indigene status, particularly as he hails from the same state as the Sole Administrator of Rivers State, Ibok Ekwe Ibas.

While defending his eligibility, Odey said his nomination does not contravene any provisions of the RSIEC enabling law.

“With utmost respect, I have gone through the RSIEC’s enabling law, and there is nothing that precludes the appointment of anybody outside the state as chairman of the electoral management body,” he said.

However, Senator Bamidele expressed reservations, noting that even if the law is silent on the matter, the implications of appointing someone from outside the state must be carefully considered.

He said, “We are also in possession of the law, so make it available to the committee because in my opinion, the Independent National Electoral Commission is about the Federal Republic of Nigeria. When we say State Independent Electoral Commission, it is about that state.”

The Senate Leader added that the nomination raises fundamental concerns about public perception and legal precedent.

“This is not a matter we are just going to gloss over. It has to be something we can defend. Even if the law does not prohibit such an appointment, we must ensure it is not repugnant to public conscience,” the lawmaker said.

He said the committee would re-examine the eligibility criteria under the RSIEC law to determine if such an appointment could serve as a viable precedent for the future.

Other nominees screened for membership of the commission included Lezaasi Lenee Torbira, Arthur Nwafor, Godfrey Mbudiogha, Joyce Akaniwor, Olive A. Bruce, and Chidi Halliday.

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Benue govt declares public holiday ahead of Tinubu’s visit

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The Benue State Government has declared Wednesday, June 18, 2025, a public holiday to mark the official visit of President Bola Ahmed Tinubu to the state.

Ekwutosblog reports that Tinubu had announced that he would cut short his schedule to visit Benue State over the recent attacks on the state.

In a statement signed by the Secretary to the State Government, Serumun Deborah Aber, the President is expected in the state on a one-day condolence visit to commiserate with the government and people of Benue over the recent spate of violent attacks that have led to numerous deaths.

 

The government stated that the holiday is intended to give citizens the opportunity to receive the president warmly but clarified that the directive excludes workers in essential services, including medical personnel, security agencies, and banking institutions.

“Residents across the state are encouraged to come out in large numbers to welcome the President and his delegation during what has been described as a significant and symbolic visit,” the statement added.

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