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Read president Tinubu’s new year message to Nigerians

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NEW YEAR MESSAGE TO NIGERIANS

Fellow Nigerians,

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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Primaries:”You’ve no right to declare winners, APC chairman tells state primary electotoral chairmen, insists only NWC can declare winners

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The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has declared that no state chapter or electoral committee of the party has the authority to announce winners of the party’s ongoing primary elections, insisting that only the National Working Committee (NWC) can ratify and officially declare results.

Yilwatda made the clarification on Sunday night in an interview with a national tv station.

According to the APC chairman, all results from the primaries conducted across the country must be transmitted to the party’s national headquarters in Abuja, where the NWC will carry out final verification before any winner is officially recognized.

“The states cannot announce winners until the NWC gives its verdict,” he stated during the live interview, stressing that the party’s constitution and internal guidelines place the final authority for primary election declarations on the national leadership.

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The directive effectively nullifies several results already announced by state chapters and local collation committees following the recently concluded primaries.

The development comes amid growing controversies trailing the APC primaries in some states, with allegations of irregularities and manipulation emerging from different camps.

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Rep Ugochinyere Alleges Plot to Frame Him, Warns Against Move to Silence Opposition Parties

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…accuse police unit of abducting constituents, as he appeal to IGP, PSC to intervene

By Gloria Ikibah

Member representing Ideato North and South Federal Constituency of Imo State in the House of Representatives, Ikenga Imo Ugochinyere, has accused some officers attached to the Tiger Base and Violent Crime Response Unit of the Imo State Police Command of abducting and torturing his constituents in what he described as an attempt to implicate him in criminal activities.

Speaking at a press conference in Abuja on Monday, the lawmaker alleged that some of the detained individuals were being forced to make statements linking him to terrorism, gun-running and murder.

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He said: “Imo police are abducting my constituents and torturing them in a bid to frame me for frivolous criminal allegations, terrorism, gun-running and murder,” Ugochinyere alleged.

“They are creating fear and uncertainty in Imo State and attempting to intimidate opposition voices ahead of the elections.”

The federal lawmaker claimed that the activities of some officers attached to the controversial Tiger Base unit had turned the police structure into what he described as a tool for political persecution.

He appealed to the Inspector-General of Police and the Police Service Commission to intervene urgently and investigate the officers involved, particularly those allegedly linked to unlawful arrests, extortion and torture.

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Ugochinyere also raised concerns over what he described as a coordinated attempt to deregister opposition political parties through the courts ahead of the 2027 elections.

He mentioned parties including the African Democratic Congress, Accord Party, Action Peoples Party and the Zenith Labour Party as groups allegedly targeted in the legal action.

According to him, the move was aimed at shrinking the political space and frustrating opposition candidates ahead of future elections.

“What kind of anarchy do you want this country to go through?” he asked.

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“You cannot deregister political parties a few months to elections and expect Nigerians to fold their arms. You are playing with fire”, he added.

The lawmaker warned that any attempt to eliminate opposition parties through judicial means could create political instability and undermine democratic participation.

He, however, commended the Court of Appeal for suspending proceedings in the case seeking the deregistration of some political parties.

Ugochinyere praised the appellate court judges for granting a stay of proceedings against a Federal High Court ruling he claimed had raised serious constitutional concerns.

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“The Constitution is clear. Once a party wins even one councillorship seat, deregistration does not arise,” he stated.

He cited Section 225A of the Nigerian Constitution, maintaining that parties which had secured elective positions could not legally be deregistered.

The lawmaker also urged the Independent National Electoral Commission not to challenge a recent Federal High Court judgment relating to aspects of the electoral timetable, warning that further legal disputes could heighten political tension ahead of the elections.

“The country cannot afford confusion at this critical moment.

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“Appealing this judgment will create tension, uncertainty and doubts about the credibility of the elections,” he said.

In his closing remarks, Ugochinyere appealed to President Bola Ahmed Tinubu, the Chief Justice of Nigeria, security agencies and the National Judicial Council to protect democratic institutions and prevent what he described as attempts to weaken opposition politics through intimidation and exclusion.

“Democracy is about participation, not exclusion.
“You don’t claim to be popular while running around disqualifying opponents, deregistering parties and framing critics with criminal allegations”, he said.

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SEDC Launches Venture Capital Drive to Unlock South-East Business Growth

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By Gloria Ikibah

The South East Development Commission has commenced the grand finale of its inaugural South East Venture Capital Programme, marking a major step towards expanding access to investment funding for emerging businesses across the region.

The event, taking place at the International Conference Centre in Enugu, features 50 finalist ventures selected from more than 1,200 applications submitted by entrepreneurs from across the South-East and other parts of the country.

According to the Commission, the initiative forms part of a broader strategy aimed at creating sustainable investment structures for innovation-driven enterprises and strengthening the region’s economic competitiveness.

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The finalists emerged after a rigorous selection process involving video pitch reviews, phased assessments and judging rounds. The businesses were grouped into two categories, the Accelerator Track for ventures with measurable market traction and the Incubation Track for early-stage startups with strong growth potential.

Ahead of the final presentations, participants underwent an intensive investment-readiness bootcamp in Enugu focused on business development, investor engagement and pitch refinement.

Speaking before the grand finale, the Managing Director and Chief Executive Officer of the Commission, Mark Okoye, described the programme as a strategic economic intervention rather than a routine competition.

“What is taking place here is not simply a startup pitch event. It is the deliberate construction of institutional capital infrastructure for the South East. For far too long, exceptional entrepreneurial talent in this region has operated without the kind of structured financial backing required to scale sustainably. The South East Venture Capital Program is our response to that gap, carefully designed to create long-term pathways for capital, innovation, and enterprise growth,” he said.

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The 30 successful ventures selected from the finale will be unveiled during the inaugural investment ceremony scheduled for Tuesday, May 26, 2026. The selected businesses are expected to receive structured early-stage investment support under the South East Venture Capital Fund.

The Commission explained that the Fund was established to tackle one of the region’s longstanding economic challenges, limited access to institutional startup financing. It added that the investment framework is expected to attract up to $50 million in blended financing from public institutions, development finance partners, private investors and diaspora contributors over time.

Also speaking, the Executive Director of Finance at the Commission and Chairman of the South East Venture Capital Programme, Stanley Ohajuruka, said the initiative had already demonstrated the depth of entrepreneurial talent within the region.

“What this programme has demonstrated very clearly is the depth of entrepreneurial ambition that exists across the South East. The volume and quality of participation affirm that there is no shortage of high-potential ventures in the region. The challenge has always been creating credible structures through which promising ventures can access early support, build investor confidence, and progress toward scale. This initiative is an important first step in building that bridge between enterprise and capital,” he stated.

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The programme aligns with the Federal Government’s economic agenda focused on enterprise development, innovation and job creation under the Renewed Hope initiative.

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