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FULL SPEECH: President Tinubu’s New Year message to Nigerians

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As we enter 2025, I wish everyone a happy and prosperous New Year. May you be rich in joy, success, and good health.

As the new year dawns, it brings many hopes, aspirations, and prospects for better days. By the grace of God, 2025 will be a year of great promise in which we will fulfill our collective desires.

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Though 2024 posed numerous challenges to our citizens and households, I am confident that the New Year will bring brighter days.

Economic indicators point to a positive and encouraging outlook for our nation. Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters. Foreign reserves have risen, and the Naira has strengthened against the US dollar, bringing greater stability.

The stock market’s record growth has generated trillions of naira in wealth, and the surge in foreign investment reflects renewed confidence in our economy. Nevertheless, the cost of food and essential drugs remained a significant concern for many Nigerian households in 2024.

In 2025, our government is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies. We are resolute in our ambition to reduce inflation from its current high of 34.6% to 15%. With diligent work and God’s help, we will achieve this goal and provide relief to all our people.

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In this new year, my administration will further consolidate and increase access to credit for individuals and critical sectors of the economy to boost national economic output.

To achieve this, the federal government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.

The Company—expected to start operations before the end of the second quarter—is a partnership of government institutions, such as the Bank of Industry, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance Incorporated, the private sector, and multilateral institutions.

This initiative will strengthen the confidence of the financial system, expand credit access, and support under-served groups such as women and youth. It will drive growth, re-industrialisation, and better living standards for our people.

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On a personal note, thank you for placing your confidence in me as your president. Your trust humbles me, and I promise to continue serving you diligently and wholeheartedly.

We will continue to embark on necessary reforms to foster sustainable growth and prosperity for our nation.

I seek your cooperation and collaboration at all times as we pursue our goal of a one trillion-dollar economy. Let us stay focused and united.

We are on the right path to building a great Nigeria that will work for everyone. Let us not get distracted by a tiny segment of our population that still sees things through the prisms of politics, ethnicity, region, and religion.

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CITIZENSHIP

To achieve our national goals and objectives, we must become better citizens and uncompromising in our devotion and allegiance to Nigeria.

Citizens’ moral rectitude and faith in our country are fundamental to the success of the Renewed Hope Agenda. In 2025, we will commit to promoting adherence to ethical principles, shared values, and beliefs under the National Identity Project.

I will unveil the National Values Charter, already approved by the Federal Executive Council, in the first quarter of 2025. I will launch an ambitious national orientation campaign that fosters patriotism and love for our country and inspires citizens to rally together. The Charter will promote mutual commitments between the government and citizens and foster trust and cooperation among our diverse population and between the government and the citizens.

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As far-reaching and foundational as our reforms are, they can produce the desired outcomes only through shared common values and identities and unconditional love for our country.

The Youth Confab will begin in the first quarter of 2025, a testament to our commitment to youth inclusiveness and investment as nation-builders. The Ministry of Youth will soon announce the modalities for selecting the conference’s representatives from our diverse, youthful population.

Dear Compatriots, I urge you to continue believing in yourselves and keeping faith in our blessed country.

Let me use this New Year’s message to urge our governors and local council chairpersons to work closely with the central government to seize emerging opportunities in agriculture, livestock, and tax reforms and move our nation forward. I commend governors who have embraced our Compressed Natural Gas initiative by launching CNG-propelled public transport. I also congratulate those who have adopted electric vehicles as part of our national energy mix and transition. The Federal Government will always offer necessary assistance to the states.

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To all citizens, your sacrifices have not been in vain over the past 19 months. I assure you they will not be in vain even in the months ahead. Together, let us stay the course of nation-building.

The New Year will bring us closer to the bright future we all desire and the Nigeria of our dreams.

God bless you all, and may God bless our beloved country, Nigeria.

Happy New Year and a prosperous 2025 to you all!

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Bola Ahmed Tinubu,

President of the Federal Republic of Nigeria

January 1, 2025

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Just in: APC Demands Atiku Quit 2027 Race Over $500,000 Mambilla Payment

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The All Progressives Congress (APC) Presidential Campaign Council has called on African Democratic Congress (ADC) presidential candidate Atiku Abubakar to withdraw from the 2027 presidential race over a controversial $500,000 payment made to his former wife, Jennifer Douglas, during negotiations surrounding the Mambilla Hydroelectric Power Project.

The demand followed revelations from a final award issued by a three-member International Chamber of Commerce (ICC) arbitration tribunal in Paris in the long-running dispute between Sunrise Power and Transmission Company Limited and the Federal Government.

The tribunal ruled in favour of Nigeria, rejecting Sunrise Power’s claims and ordering the company and its promoter, Leno Adesanya, to reimburse Nigeria for 75 per cent of its legal costs.

At the centre of the controversy is a $500,000 transfer made by Adesanya on January 30, 2003, through China Castle Investments Limited, an offshore company he controlled, into Douglas’s Citibank account in the United States.

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The payment came less than four months before Sunrise was purportedly awarded a 3,960-megawatt Build-Operate-Transfer (BOT) contract for the Mambilla project in Taraba State.

Tribunal Questions $500,000 Payment

During the arbitration, Adesanya told the tribunal that the $500,000 was part of a foreign-exchange transaction carried out on behalf of Atiku.

However, the tribunal did not accept the explanation, noting the absence of documentary evidence showing the underlying naira payment, exchange rate, instructions from Atiku or his aides, correspondence relating to the transaction or records establishing its commercial purpose.

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The tribunal also noted that neither Atiku nor Douglas testified or submitted witness statements to corroborate Adesanya’s account.

It further questioned the explanation because the payment was made during the period when Sunrise was pursuing the Mambilla project and months before the company was purportedly awarded the contract.

The tribunal’s findings, however, concerned the evidence and claims before it in the arbitration; they did not establish in the award that Atiku personally received a bribe.

Mambilla Contract Controversy

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The Mambilla project, initially conceived in 1982 as a 3,050MW hydropower scheme, later became the subject of negotiations involving Sunrise and its Chinese partner.

Sunrise expressed interest in developing the project from 2001 and subsequently submitted proposals to the Federal Government.

A technical committee eventually recommended Sunrise for the 3,960MW project in March 2003.

Former Minister of Power Olu Agunloye later issued a letter which Sunrise relied upon as evidence that it had been awarded the project.

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Former President Olusegun Obasanjo, however, maintained that the Federal Executive Council never approved the contract and that he directed the withdrawal of the relevant memorandum.

The disputed letter subsequently became central to Sunrise’s multibillion-dollar arbitration claims against Nigeria.

APC Accuses Atiku of Conflict of Interest

Reacting to the tribunal’s findings, APC Presidential Campaign Council spokesman Dele Alake accused Atiku and Agunloye of working together to facilitate the disputed Sunrise contract.

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Alake described the $500,000 payment as an alleged bribe connected to the Mambilla deal and argued that its timing raised questions about a possible conflict of interest involving Atiku, who was vice-president at the time.

The APC spokesman also criticised Atiku for not appearing as a witness before the tribunal, saying his testimony could have helped clarify the circumstances surrounding the payment.

The campaign council subsequently demanded that Atiku withdraw from the 2027 presidential contest.

Long-Running Mambilla Legal Battle

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The dispute over the Mambilla project has continued for years.

Sunrise previously pursued billions of dollars in claims against Nigeria, alleging breaches relating to the proposed project.

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Niger Deaths: Survivor Alleges Substance Was Sprayed in Cell Before Detainees Collapsed

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A surviving miner has alleged that an unidentified substance was sprayed inside a detention cell shortly before several suspected illegal miners began collapsing while in the custody of the Nigeria Security and Civil Defence Corps (NSCDC) in Niger State.

The survivor made the allegation while recounting his experience in detention during a visit to the state by the Minister of Interior, Olubunmi Tunji-Ojo.

According to the miner, detainees were locked inside a cell before an unidentified substance was sprayed into the facility.

He alleged that shortly after the substance was released, some of the detainees began experiencing difficulties before collapsing.

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«“They sprayed something inside the cell after locking us in, and people began collapsing,” the survivor reportedly said.»

The allegation comes amid growing scrutiny over the circumstances surrounding the deaths of suspected illegal miners who were detained by security authorities in Niger State.

The survivor did not identify the substance allegedly sprayed inside the cell, nor did he state who allegedly authorised or carried out the action.

He also did not provide details on the number of detainees who were affected or establish whether the alleged spraying directly caused any of the reported deaths.

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The NSCDC and other relevant authorities have yet to publicly respond to the specific allegation.

The account is likely to intensify calls for a thorough investigation into the treatment of the detainees and the circumstances surrounding the deaths.

Establishing what happened inside the cell would require further investigation, including determining the identity of the substance allegedly used, who introduced it into the facility and whether there was any link between the incident and the subsequent collapse or deaths of detainees.

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Just in: Enugu Politician Ikechukwu Oloto Reportedly Killed in Nsukka Home Attack

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Enugu State politician, Prince Ikechukwu Oloto, also known as Okanga Moo, has reportedly been killed in an attack at his residence in Nsukka Local Government Area of the state.

Oloto was allegedly attacked by unknown assailants at his home in the Odenigbo area of Nsukka on Thursday evening.

According to reports by Daily Post, the attackers invaded the politician’s residence and killed him during the incident. The report further alleged that a knife was used in the attack.

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The circumstances surrounding the reported killing remain unclear, while the identities and motive of the attackers had not been established as of the time of filing this report.

The incident was also reported on Facebook by social media influencer Sen. Chijinkem Ugwuanyi, who claimed that Oloto was killed at his Odenigbo residence.

The reported killing comes amid heightened political activities and preparations ahead of Nigeria’s 2027 general elections. However, there is currently no confirmed information linking the attack to Oloto’s political activities.

The Enugu State Police Command had yet to publicly confirm the reported killing or disclose whether an investigation had commenced as of the time of filing this report.

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Further details are expected as authorities investigate the circumstances surrounding the incident.

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