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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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Rep OK Chinda’s political network sparks across Rivers

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The battle for the political soul of Rivers State gathered fresh momentum on Monday, August 3, 2026, as supporters of the former House of Representatives Minority Leader, Hon. Kingsley Chinda, activated what appears to be an early statewide mobilisation strategy, extending their campaign machinery to all 23 local government areas and ward structures ahead of the 2027 governorship election.

The development signals that while the official electioneering whistle is yet to be blown, political camps are already laying claim to the grassroots in what analysts describe as a familiar contest where influence, structure and strategic alliances often determine who eventually occupies Brick House.

The pro-Chinda support group, Our Will, announced the expansion of its political network across the state, directing its state executive members to immediately establish functional local government and ward executives capable of driving voter mobilisation before formal campaigns commence.

State Chairman of the group, King Okene, said the organisation was determined to transform Chinda’s existing political popularity into what he described as an “unstoppable electoral mandate,” insisting that every ward must become a political fortress for the lawmaker’s governorship aspiration.

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According to him, the publication of the electoral timetable has effectively opened a new phase of political calculations, making early grassroots organisation a strategic necessity rather than a luxury.

“We should double our efforts to ensure we meet the targets before electioneering campaigns officially begin. Every local government and ward structure must be fully operational within the first week of August,” he charged members.

In what appeared to be a calculated attempt to frame Chinda as the political heir to a tested governance model, President-General of Our Will, Glory Wobo, declared that the federal lawmaker’s years of public service and close political association with the Minister of the Federal Capital Territory, Nyesom Wike, have adequately prepared him for the state’s highest office.

Wobo argued that leadership is cultivated through mentorship rather than chance, maintaining that Chinda’s political apprenticeship under Wike – combined with his experience as commissioner and long-serving legislator – has equipped him with the administrative depth required to govern Rivers State.

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He cited ongoing infrastructure renewal in the Federal Capital Territory as evidence of the leadership tradition from which Chinda emerged, suggesting that effective governance leaves measurable footprints rather than campaign slogans.

According to Wobo, Chinda enjoys goodwill that cuts across political parties, ethnic groups and religious divides, describing the lawmaker as a consensus figure whose appeal extends beyond partisan politics into credibility, accessibility and public service.

The latest mobilisation drive underscores the intensifying political chess game ahead of the 2027 governorship election, where aspirants are increasingly investing in grassroots structures long before formal campaigns begin.

With support groups already deploying ward-by-ward political architecture and competing camps quietly consolidating influence, Rivers State is once again demonstrating that, in Nigerian politics, the contest for power often begins long before the first ballot is printed.

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NBC files fresh appeal, justifies N5m fine regime for broadcasters

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The National Broadcasting Commission (NBC) has filed an application seeking the permission of the court of appeal to file a fresh appeal against the judgement of the federal high court in Abuja barring it from imposing N5 million fines on erring broadcast stations.

In the application filed at the court of appeal in Abuja by Dapo Akinosun, counsel to the NBC, the commission argued sanity in Nigeria’s broadcasting sector is under threat and that the public interest would be better served if the court grants the application.

In the application, the NBC urged the court to grant it leave to raise and argue a fresh issue on appeal relating to the legal capacity of MRA to institute and maintain the original suit before the lower court.

The commission argued that the defect in the earlier notice of appeal, which resulted in the dismissal of its appeal, arose “solely from an inadvertent misdescription” of its name by its lawyer.

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The NBC told the court that the subsisting judgement raises questions on the commission’s statutory powers to regulate broadcasting and enforce compliance with broadcasting standards in Nigeria.

The commission argued that the subsisting judgment is capable of creating uncertainty regarding its regulatory powers if it is allowed to stand.

The NBC also argued that without the pronouncement by the appellate court on the issues raised in the appeal, its regulatory framework would be weakened.

“A weakened regulatory framework may embolden non-compliance with established broadcasting standards, thereby increasing the dissemination of false, misleading and unverified information capable of causing unnecessary public anxiety, panic and social unrest,” the NBC said.

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“Absence of effective regulatory oversight may further encourage irresponsible broadcasting practices and the misuse of broadcast and digital media platforms by persons who deliberately publish sensational, inaccurate or inflammatory content to intimidate, harass or unduly influence individuals, institutions and public discourse.”

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Senate threatens sanctions as CBN, NUPRC, NDDC, others shun committee

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The Senate’s ambitious investigation into the billions of naira in oil and gas revenues suffered a setback yesterday after several key government agencies failed to honour summons before the Senate Public Accounts Committee over issues arising from the Nigeria Extractive Industries Transparency Initiative (NEITI) audit reports.

Affected were the Central Bank of Nigeria (CBN), the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Niger Delta Development Commission (NDDC).

The committee, chaired by Senator Ibrahim Hassan Dankwambo (PDP, Gombe North), reacted angrily to the agencies’ absence, describing it as a blatant disregard for the National Assembly’s constitutional oversight powers and a direct affront to Nigerians who expect transparency and accountability in the management of public resources.

Yesterday’s hearing marked the commencement of a comprehensive legislative investigation into the 2021, 2022 and 2023 NEITI Oil and Gas Industry Audit Reports, a process expected to scrutinise oil sector revenues, remittances to the Federation Account, statutory financial obligations, royalty payments, regulatory compliance and the operational activities of over 60 Ministries, Departments and Agencies (MDAs), regulators, government-owned enterprises, as well as indigenous and multinational oil companies.

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Despite formal invitations, public notices published in national newspapers and weeks of advance notice, the invited agencies failed to appear before the committee. Their absence forced the lawmakers to suspend the proceedings after waiting for over an hour.

Visibly displeased, members of the committee accused the agencies of treating the Senate with contempt and undermining legislative efforts to ensure accountability in one of Nigeria’s most strategic economic sectors.

Leading the criticism, Senator Babangida Hussaini described the repeated failure of government agencies to honour Senate invitations as a “recurring decimal,” arguing that such conduct erodes public confidence in democratic institutions and weakens parliamentary oversight.

According to him, the committee derives its investigative powers from the Constitution and the Senate Standing Orders, making compliance with its summons a legal obligation rather than a matter of discretion.

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He lamented that lawmakers had cut short their yearly recess and constituency engagements to attend the hearing, only to discover that none of the invited agencies considered it necessary to send either their chief executives or representatives to explain their absence.

Hussaini warned that if the Senate of the Federal Republic of Nigeria could summon heads of agencies and they failed to appear without consequences, it would send the wrong message about accountability in government. He urged the committee to invoke the appropriate constitutional powers to address what he described as a disgrace to the nation.

Similarly, Senator Francis Ndubuezecriticised the agencies for failing to provide any explanation for their absence, noting that no letters were written, no excuses offered and no representatives sent to brief the committee. He argued that such conduct showed a lack of respect for the Senate and its constitutional oversight responsibilities, insisting that the integrity of the National Assembly must be protected.

Following the debate, the committee unanimously resolved to grant the defaulting agencies one final opportunity to appear before it on Thursday, August 6, 2026.

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The committee also directed its secretariat to immediately communicate the resolution to all affected organisations and notify them that failure to honour the rescheduled hearing could compel the Senate to invoke its constitutional powers to enforce compliance.

MEANWHILE, the federal government has barred MDAs from awarding contracts, signing agreements, or incurring financial obligations without approved expenditure warrants and cash backing, in a move aimed at strengthening fiscal discipline and improving public financial management.

The directive, contained in a Federal Treasury Circular dated July 31, 2026, and released yesterday, introduces stricter guidelines for implementing the 2026 capital budget as the government seeks to curb the award of unfunded contracts and ensure that spending aligns with available resources.

Signed by the Accountant-General of the Federation, ShamseldeenOgunjimi, the circular was addressed to ministers, permanent secretaries, heads of extra-ministerial departments and agencies, service chiefs, the CBN Governor, the Clerk of the National Assembly, the Chief Registrar of the Supreme Court, heads of diplomatic missions and other federal institutions.

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Under the new guidelines, MDAs are prohibited from issuing letters of award, signing contracts, or entering into any financial commitment unless they have first received the appropriate Warrant or Authority to Incur Expenditure (AIE) covering either the full contract value or the portion to be committed.

“In compliance with the provisions of Financial Regulations 318 and 415, respectively, no expenditure shall be incurred except on the authority of a Warrant/AIE (including employee payables),” the circular stated.

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