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Deputy Speaker Pushes for Strategic Economic Reforms in Meeting With Presidential Council

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…call for stronger synergy With for lasting national impact

By Gloria Ikibah

The Deputy Speaker House of Representatives, Rep. Benjamin Okezie Kalu, has urged the formulation and execution of intentional economic strategies to fast-track Nigeria’s development goals.

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Kalu stated this while receiving members of the Presidential Economic Advisory Council and Presidential Foreign Intervention Promotion Council, led by Director-General Prince Adeniyi Adeyemi, who were on a courtesy visit, on Thursday in Abuja. 

He emphasised the importance of collaboration with the National Assembly, particularly the 10th House of Representatives, in shaping impactful policies. 

He said: “By working closely with us, we can craft sound policies that not only serve Nigeria’s best interests but also contribute to regional and global stability and growth.

“I therefore encourage you to focus on building resilient economies that
can withstand global fluctuations while also investing in partnerships that
enhance our influence and support our strategic goals abroad”.
 
Kalu recognised the critical role the PFIPC plays in ensuring foreign partners are afforded the same rights, protections, and opportunities as local businesses, in line with the Foreign Investment Protection Act, the Deputy Speaker also said that the legislative framework has ensured transparency. 
 
“As we know, this legislative framework promotes legal safeguards, ensures transparency, and guarantees equitable treatment, which are essential pillars for building a climate of trust and confidence among international stakeholders. These efforts are vital as Nigeria seeks to scale its growing economy, projected by the International Monetary Fund (IMF) to grow by 3.3% this year, despite global headwinds. 
 
“These efforts have not gone unnoticed by the global financial community. Just last month, a Global Ratings Agency, Fitch Ratings, upgraded Nigeria’s long-term foreign-currency issuer default rating (IDR) from ‘B-’ to ‘B’, with a stable outlook. The IDR, which measures an entity’s relative vulnerability to default, is a critical barometer of investor confidence. Fitch’s upgrade is a strong endorsement of the government’s commitment to policy reforms, including: exchange rate liberalisation; monetary policy tightening; ending deficit monetisation and removal of fuel subsidies. 
 
“These reforms have improved policy coherence and credibility, reduced
economic distortions, and significantly lowered near-term risks to macroeconomic stability”, he added. 
 
He further expressed satisfaction with the passage of the tax reform bills by the National Assembly, and said it will broaden the nation’s tax base. 
 
“I am proud to highlight that the 10th House of Representatives has not only prioritized but also successfully passed four critical tax reform bills. These reforms are designed to broaden our tax base, improve revenue mobilization, and create a more business-friendly environment for both
local and foreign investors.
 
“As you know, the National Assembly directly and indirectly influences the
economic environment through its lawmaking and oversight powers; therefore, the Legislative Agenda of the 10th House of Representatives is focused on efforts to enact legislation to promote sustainable economic growth and strengthen agricultural development”, he said.
 
Earlier in his remarks, leader of the delegation, Prince Adeniyi Adeyemi said they were at the Deputy Speaker’s office to seek collaboration with the National Assembly as a strategic partner in the realization of the renewed hope agenda of President Bola Ahmed Tinubu.
 
“We identified that the National Assembly is a strategic partner in achieving the agenda of Mr President. That’s the reason why we are here. As the Presidential Economic Advisory Council, we serve Mr. President an evidence based research on economy policy and implementation. In order to achieve this we need the collaboration of National Assembly. To achieve the renewed Hope agenda of Mr President, we need to collaborate with you.
 
“We are here to intimate you about our foreign investors to stabilize our economy which we are facilitating to Nigeria. Nigeria will be hosting world investment summit between November 10 to 14, 2025. We need your collaboration to make Nigeria a preferred destination for foreign investments”, Adeyemi said. 
 
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Dangote Family Targets $200bn Empire, Halima Reveals

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Halima Dangote, daughter of Nigerian industrialist Aliko Dangote, has disclosed the long-term ambition of the Dangote family to grow the business empire founded by her father into a company valued at about $200 billion.

Halima made the disclosure while speaking about the responsibilities that come with being a member of one of Africa’s most prominent business families.

According to a report by GhanaWeb, she said the family’s ambition goes beyond preserving the wealth created by Aliko Dangote, stressing that the next generation is expected to build on his achievements and significantly expand the conglomerate.

She also challenged the perception that she and her siblings have had an easy life simply because they were born into a wealthy family.

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According to her, being the children of a highly successful businessman comes with significant expectations, particularly the responsibility of protecting, managing and expanding the business built by their father.

The Dangote Group has evolved from its beginnings as a trading company into a diversified conglomerate with operations spanning several key sectors of the African economy.

Its businesses include cement manufacturing, fertiliser production, petroleum refining and petrochemicals, among other industrial activities.

One of the group’s biggest investments is the Dangote Petroleum Refinery, which has expanded its operations and increased its processing capacity as it seeks to play a major role in meeting energy demand in Nigeria and beyond.

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The conglomerate has also continued to pursue expansion across Africa, with investments aimed at strengthening its position in manufacturing and other strategic industries.

Halima’s comments underscore the role the younger generation of the Dangote family is expected to play in the future of the conglomerate.

Rather than simply inheriting the wealth accumulated by their father, the family is looking to expand the businesses and create an enterprise that operates on an even larger scale.

The proposed $200 billion valuation is a long-term ambition, not the current value of the Dangote Group. The target reflects the scale of growth the family hopes to achieve through expansion into new markets and increased investment in existing businesses.

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Aliko Dangote has consistently pursued large-scale investments in sectors including refining, petrochemicals, fertiliser and cement, as part of his broader push to build globally competitive African businesses.

With the next generation increasingly involved in the family business, Halima’s remarks point to a long-term succession strategy focused not only on preserving the Dangote legacy but also on expanding its economic footprint.

The $200 billion ambition therefore represents the scale of the challenge facing the family’s younger generation as it seeks to sustain the conglomerate’s growth and build on the foundation laid by its founder.

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Senator Manu Urges Calm After Fulani-Mambilla Clash, Condoles With Victims’ Families

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…hails Gov Kefas, security agencies timely intervention

Senator representing Taraba Central, Haruna Manu, has appealed for calm and peaceful coexistence following the recent clash between Fulani and Mambilla communities in Sardauna Local Government Area of Taraba State.

Manu, in a statement personally signed by him, expressed condolences to the families of those who lost their lives in the violence and urged residents to put the incident behind them and embrace peace.

The clash reportedly occurred last Tuesday in Mbamga communities along the Nigeria-Cameroon border, leaving nine residents dead.

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Reacting to the development, the senator called on his constituents and members of the affected communities to remain calm and avoid actions that could further escalate tensions.

“I want to appeal for understanding and plead with the families of the victims of the clash. This development is uncalled for, especially at this trying period for all and sundry,” Manu said.

He also commended Taraba State Governor, Agbu Kefas, for what he described as his timely intervention in the crisis.

“I want to equally thank His Excellency, Dr Agbu Kefas, for his timely intervention to quickly nip the clash in the bud before it escalates,” he added.

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The former Taraba Deputy Governor also praised security operatives for restoring peace to the communities.

Manu urged the various communities to continue to promote peaceful coexistence and work together to prevent a recurrence of violence in the area.

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2027: Over 6,000 NDC Members Dump Party, Join PDP in Enugu

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More than 6,000 members of the Nigeria Democratic Congress (NDC) have defected to the Peoples Democratic Party (PDP) in Enugu State ahead of the 2027 general elections.
The defectors, led by the NDC’s former Enugu State Contact and Mobilisation Coordinator, Godwin Obasi, were formally received into the PDP by the party’s state leadership in Enugu on Saturday.
The reported figure of more than 6,000 was given by the defectors’ leadership and has not been independently verified. �
Vanguard News +1
Obasi said the group comprised members drawn from all 260 electoral wards and 17 local government areas of the state.
He said they decided to leave the NDC following dissatisfaction with what he described as the party’s choice of unpopular candidates for various elective positions.
“We decided that we were going to join the PDP. It is our right and choice. So, after we congregated, we are here today to officially join the PDP.
“We are from all the 260 wards and 17 local government areas in the state, and all of us have moved into the PDP from today,” Obasi said.
Obasi had earlier been identified as the NDC’s state coordinator for contact and mobilisation in Enugu, where he was involved in building the party’s grassroots structure ahead of the 2027 elections. �
Blueprint Newspapers Limited +1
Receiving the defectors, the Enugu State PDP Chairman, Vitus Okechi, welcomed their decision and assured them of equal rights and full participation in the affairs of the party.
Okechi said the new members would be integrated into the party’s structure and given opportunities to participate in its activities.
Also speaking, the PDP governorship candidate in the state, Uche Nnaji, assured the defectors of their full integration into the party.
Nnaji used the occasion to launch fresh criticism against the Enugu State Government, alleging that the administration had failed to fulfil some of its promises to residents.

He urged residents to participate actively in what he described as efforts to change the political direction of the state ahead of the 2027 elections.
Nnaji particularly criticised the state’s taxation policies, alleging that the government’s revenue drive was placing undue pressure on residents without corresponding benefits.

He further alleged that taxation had extended to newborn babies and deceased persons, while questioning the tangible impact of the revenue generated by the government.
On pensions and gratuities, Nnaji alleged that retirees in the state were being denied their entitlements.

“Our pensioners are not being paid. Enugu is the only place where pensions and gratuities are not being paid to our people.

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“Nothing is paid to our people. Everybody is in a mess.

“Imo and Anambra pay their pensions and gratuities to date. What sin have we committed in Enugu State?” he asked.

Nnaji also claimed that the Enugu State Government had received substantially more federal funds under President Bola Tinubu than the three previous administrations combined.

He alleged that the funds received in about three years exceeded what the administrations of former governors Chimaroke Nnamani, Sullivan Chime and Ifeanyi Ugwuanyi received during their combined 24 years in office.

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“And President Bola Ahmed Tinubu has released so much money to all the states. What this government here has received is more than what the three previous governors, Chimaroke, Sullivan and Ugwuanyi put together.

“What they received in 24 years, this government has received in about three years. We are talking of trillions,” he said.

He also questioned the level of internally generated revenue reported by the Enugu State Government in 2025, alleging that the revenue collection had imposed additional hardship on residents.

The allegations made by Nnaji were political claims made during the defection event and were not independently verified in the reports reviewed. �
wazobiareportersng.com.ng
Meanwhile, PDP chieftain Basil Ani described the movement of the NDC members into the PDP as a boost to the party’s grassroots mobilisation efforts ahead of the 2027 elections.

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The development comes as political parties in Enugu intensify grassroots mobilisation and positioning ahead of the 2027 general elections.

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