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Investors commend Nigeria’s financial sector reforms at London Africa Capital Forum
As President Bola Tinubu continues his state visit to the United Kingdom, potential investors have commended the reforms embarked upon by the federal government in the financial sector, describing the reforms as credible.
The investors expressed their view at the Africa Capital Forum that had the theme: “From Stabilisation to Capital Mobilisation,” jointly hosted by the Central Bank of Nigeria (CBN) and the UK Foreign, Commonwealth and Development Office (FCDO), at The Peninsula London,
Speaking at the high-level forum, which brought together global investors, development financiers, and fintech innovators for a strategic dialogue to deepen Nigeria’s financial resilience and investor confidence, the British Deputy High Commissioner to Nigeria, Mr. Jonny Baxter, said the United Kingdom remains one of Nigeria’s partners with links in banking and capital markets.
“The next phase of the reforms should be converting renewed investor interest into long-term sustainable investments,” Baxter said, adding that the UK will also support economic transformation to enhance the economic relationship between the two countries.
Also, the President of the European Bank for Reconstruction and Development (EBRD), Madame Odile Renaud-Basso, praised the potential of the Nigerian economy, noting that “we see all the potential in the economic stabilisation in Nigeria, the growth of the population, the appetite, the investment of new technologies, and the ability of the people to embrace the new technologies.”
The Head of West and Central Africa, UKEF, Steve Gray, in his contribution, noted that confidence is built through full fiscal transparency.
He said the reforms in Nigeria are providing transparency and building confidence, but added: “I want to see more reflection of the reality of Nigeria’s strengths so that more can be done to support Nigeria’s priorities,”
Similarly, the Managing Director (Policy Strategy and Delivery) of the European Bank for Reconstruction and Development (EBRD), Melis Ekmen Tabojer, said: “The recent reforms that Nigeria has had have had a huge impact in attracting investors.”
Mrs. Sanyade, Okoli, Special Adviser to the Tinubu on Finance and the Economy, who represented the Minister of Finance and the Coordinating Minister of the Economy, Mr. Wale Edun, at the event, said the federal government seeks to drive the right quality of growth, but noted that the government alone cannot fund this growth.
“We need to work with partners who will bring the sticky, equity capital,” she noted.
Key sessions of the forum featuring the CBN Deputy Governor, Muhammad Abdullahi (Economic Policy) and Mr. Philip Ikeazor (Financial System Stability), among other experts, examined repricing risks and the reopening of capital markets, Nigerian banks’ presence on the global stage, fintech and the future of remittances, highlighting the rise of digital platforms, as well as regulation, risk, and resilience.
The CBN Deputy Governor (Economic Policy), Muhammad Abdullahi, emphasised the level of stability achieved by the apex bank, noting that net and gross reserves are high, Nigeria’s foreign reserves are over $50 billion, the foreign exchange market has stabilised, while inflation is falling.
Also speaking, the apex bank’s Deputy Governor in charge of Financial System Stability, Mr Philip Ikeazor, said that all the reforms that have been put in place are such that they cut across stakeholders, ensuring that even at the end of the Tinubu administration, “people will see the need not to reverse these reforms.”
In their respective interventions, Segun Alebiosu (MD/CEO of First Bank); Oliver Alawuba (MD/CEO of the United Bank for Africa (UBA); Miriam Olusanya (MD/CEO of GTCO); Yemisi Edun (MD/CEO of First City Monument Bank); Roosevelt Ogbonna (MD/CEO of Access Bank); and Akin Oguranti, the Executive Director of Zenith Bank, who represented the banks, all commended the banking reforms in Nigeria, noting that the reforms have increased confidence in the economy and allow the banks to fund more projects locally.
Over the past two years, the Tinubu administration has undertaken significant monetary and structural reforms aimed at stabilising Nigeria’s macroeconomic environment.
Under the leadership of the CBN Governor, Olayemi Cardoso, inflation has dropped sharply from 34 percent to 15 percent, exchange rate volatility has eased, and foreign reserves have risen above US $50 billion.
Also, banking recapitalisation and foreign exchange market unification have further strengthened trust in policy consistency.
The forum assessed the impact of these reforms and highlighted new opportunities for long-term capital mobilisation and diaspora investment.
Framed around three pillars (Nigeria’s macroeconomic reset, strengthening the financial system, and mobilising global and diaspora capital), the Africa Capital Forum seeks to build stronger bridges between Nigeria, London, and the global financial community.
…leaders urge resilience as pressure mounts within ADC ranks
By Gloria Ikibah
Former Kogi State governor Yahaya Bello and Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, have thrown their weight behind Rep. Leke Abejide, urging him to remain steadfast amid ongoing political tensions within his party the African Democratic Congress.
The messages of support were delivered during a dinner in Abuja held to celebrate the 50th birthday of his wife, Esther Abejide, where both leaders praised his resilience and commitment to democratic ideals.
They encouraged the Yagba Federal Constituency representative to stay the course and continue his efforts to stabilise and strengthen the African Democratic Congress, despite mounting internal challenges.
Bello described Abejide as a determined political figure who remains focused on his goals, while Gbajabiamila urged him to remain within the party and push for what he believes is right.
Their intervention comes at a time of heightened uncertainty within the ADC, with calls for unity and perseverance growing louder among party stakeholders.
Bello said, “Honourable Leke Abejide sought to be a member of the House of Representatives on the platform of APC then, and there are some mathematical miscalculations. But that never stopped him. He came second time and he is performing and touching lives across the board.
“Honourable Leke Abejide is acting as if he was the governor. At a point I was like, do you want to overthrow me? Honourable Leke Abigide sought to be the governor of Kogi State. He contested keenly with my amiable and wonderful successor. I know how many times our brother, the chief of staff, the president, intervened, called me, and several meetings were held. And I maintained one thing. I said, look, this is my brother. I will never deceive him. The politics of Kogi State, nobody knows better than I do at this stage. Let him just try his luck and learn and wait for an appropriate time.
“Honourable Leke Abejide did not lose. He only came to learn the act of politicking especially for governorship at that level in Kogi State. Honourable Leke Abejide did not hesitate to support and give all of his backings to my governor immediately after the election. He was under serious pressure to go to court. He was the first person who said he was not going to challenge it. Rather, he collapsed his structures and supported.
“Honourable Leke Abejide at National Assembly level, despite he belonged to ADC, he was supporting our president actively, both physically and covertly. Honourable Leke Abejide, we thank you for all your performance. Your Excellency, thank you for your guidance. The Chief of Staff, the President. Tell Mr. President that we appreciate you. And that myself and my governor, we have conferred on each other. And that we are calling on Chief Leke Abejide and telling all of the Yagba Federal Constituency’s persons that are here, please take this message home, that we want Leke back in APC”.
Similarly, the Chief of Staff to the President and former Speaker of the House of Representatives, Rt. Hon. Gbajabiamila commended Rep. Abejide for his doggedness which he said kept him on track in his democratic journey and winning elections on a platform which he kept alive and running for long.
He said, “I keep saying people to people when I talk about him, that for a man to contest an election in a face-to-face state where elections are fierce, and to contest under a platform of a relatively unknown party, ADC, and to win back-to-back-to-back, it tells you who that man is. Not when he won the first time, he came on a sole ADC carry to the house. Four years later, he went back to Kogi. He brought somebody else from the ADC.
“Honorable Abejide, I know you to be a committed party man. I know you to be a fighter. I know you to be someone who does not like to be cheated. So please, my charge to you is to stay in that same ADC. Fight. Fight them. Scare them. Hold on to your party, ADC. Do not allow them. We like what you are doing. Continue.
“Don’t let the former governor say that you should come and join the APC. No, no, no, no, no, no. Stay in the ADC. Win your election in the ADC as you will. Bring Gombe. We will support him. Bring him. Do the right thing. You are a fighter. Do the right thing. Nobody can come and take your party away from you. A party that you’ve been to for years with your sweat and your money and everything. No. Continue. Good luck in court”.
The African Democratic Congress (ADC) National Legislators Serving and Former Forum has tasked all stakeholders especially the Judiciary on projection of Nigeria’s democracy.
The forum gave the charge on Tuesday at a news conference in Abuja while reacting to comments allegedly made by some top politicians and public officials that do not advance Nigeria’s democratic processes.
Speaking on behalf of the forum, Ms Nnenna Ukeje, a member of the 8th House of Representatives said that as patriots, the forum is committed to national interest and have defended democracy on many fora.
According to her, their intervention stands for the defence, stability, protection of democracy and preservation of our beloved country.
“We must reiterate that there is a clear difference between the tyranny of the majority and true democracy; between illiberal civil rule and a system grounded in democratic contestation; between constitutional governance and authoritarian subjugation.
“Nigeria must remain firmly on the side of democracy, resisting overreach by any arm of government is not subversion; it is a constitutionally given right and duty.
“To the judiciary, we reiterate: this is a defining moment; the tipping point, the nation’s eleventh for survival.
“Your independence must remain sacrosanct. Your integrity must be unquestionable and your patriotism unapologetic. Your decision will determine the drift,” she said.
Ukeje said that Nigeria’s democracy must not be weakened by the very forces that once fought to build it saying that the preservation of democratic space is not a favour to the opposition but a duty owed to the nation.
The former lawmaker said that Nigerians must be very vigilant as democracy does not defend itself but survives only when citizens, institutions, and leaders commit to its protection.
“In conclusion, Nigeria must remain a nation governed by law, not expediency; by robust institutions, not strong individuals; and by the will of the people, not predetermined outcomes.
“Let the judiciary act without interference. Let opposition thrive without intimidation. Let citizens participate without fear.
“Nigeria’s democracy belongs to its people, and it must be protected and defended by all.
We remain committed to defending it through all lawful means; through the courts, through civic engagement, and at the ballot box,” she said. (NAN)
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…..Oyedele elevated to Finance Minister
President Bola Ahmed Tinubu has approved a minor cabinet reshuffle in the membership of the Federal Executive Council.
According to a memo signed by the Secretary to the Government of the Federation, Senator George Akume, two cabinet members, Mr. Wale Edun and Arc. Ahmed Musa Dangiwa are to leave the cabinet while their replacements have been named.
Edun, until the latest development, was the Minister of Finance and Coordinating Minister for the Economy.
He has been directed to hand over to Mr. Taiwo Oyedele who is now to take over as Minister of Finance and Coordinating Minister of the Economy. Oyedele was formerly a Minister of State in the ministry.
Also Mr. Muttaqha Rabe Darma (PhD .) has been named as the ministerial nominee and minister designate for the Housing and Urban Development Ministry.
The memo also directed Dangiwa to hand over to the Minister of State in the ministry.
The memo stated that “all handing over and taking over processes should be completed on or before close of business on Thursday 23rd April, 2026.”
Explaining the President’s decision, Akume said: “These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda.”
He said the President, in approving the cabinet reshuffle, has fully exercised his powers as conferred on him by Sections 147 and 148 of the Constitution of the Federal Republic of Nigeria (1999, as amended).
The President thanked the outgoing ministers for their services to the nation while wishing them the best in all their future endeavours.
The President, Akume noted, equally assured all cabinet members that “the process of reinvigoration shall be continuous.”
Stand Firm and Keep Fighting, Bello, Gbajabiamila Rally Abejide
Forum of legislators calls on Judiciary to safeguard Nigeria’s democracy
Tinubu approves minor cabinet reshuffle, sacks Edun, Dangiwa
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