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We’re retooling financial sector for better days ahead-FG
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By Kayode Sanni-Arewa
President Bola Tinubu has again acknowledged the economic challenges confronting Nigeria, assuring citizens that his administration is “retooling” the financial system to ease their economic difficulties.
Tinubu, former Lagos governor, who was sworn in as Nigeria’s President on May 29, 2023, said it has been “a very challenging time for us in the country”.
“Up till now, we are still retooling and rejigging our financial system to bring prosperity and relief to the people of this country,” the President said when he commissioned the Guzape Lot II Infrastructure Project in Abuja on Saturday.
He said the completion of the project was testament to what could be achieved through “diligent planning, collaboration and shared commitment to excellence”.
The President said commended the Minister of the Federal Capital Territory (FCT), Nyesom Wike, for delivering on the infrastructure renewal promises of the Federal Government to the people of the FCT.
“Nyesom Wike, you have provided exceptional leadership at a trying time for the country,” Tinubu said. “You’ve (Wike) demonstrated the capacity to build a team, to lead a team and to deliver on promises. I commend you. Well done.”
Pursue Dialogue, Not Litigation’
The President also urged the stakeholders in the FCT to pursue dialogue and not litigation to resolve land disputes.
“To all of you here and the district head of Guzape or representing the district head, litigation is not the answer, conversation is the answer,” Tinubu said.
Development that is focused on the people for the economic prosperity, the benefit of all, is what should reside in us.
“Of what value is the land that is blocked by these high mountains and rocks that you cannot access, nor provide drinkable water?” the President queried.
“It’s not a personal thing. I stand here as the President. I don’t have a plot here but I have the people’s support and the mandate to deliver good quality of life and living environment. That should be enough for all us to share in the joy of commitment, dedication, perseverance, and the gifts that God has endowed us with.”
The Chief of Staff to the President, Femi Gbajabiamila; and the FCT Minister of State, Mariya Mahmoud; among other dignitaries were also at the event.
Prices of food and basic commodities have gone through the roof in the last weeks, as Nigerians battle the country’s current economic crisis sparked by the current government’s twin policies of petrol subsidy removal and unification of forex windows.
On Sunday, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, assured Nigerians that food prices would come down in the coming months.
“Inflation, yes, it is high at 33.65%, food inflation at 40.5% is worrisomely high but the fact is that inflation is coming down, month-on-month. It is slowing and it is expected to reduce as we continue the dry season harvest and then we go into the wet season harvest.
“That is the place to focus on and a lot of emphasis is being placed on that to get agriculture output up, to get prices down, and that will be a big factor in bringing down inflation.”
News
Human Trafficking: Remi Tinubu calls for vigilance, support for survivors
The First Lady, Oluremi Tinubu, on Thursday called on Nigerians to be more vigilant in the protection of vulnerable persons from human trafficking and traffickers.
Tinubu, in a statement she personally signed as part of the celebration of the “World Day Against Trafficking in Persons”, appealed to the global community to strengthen commitment to ending human trafficking in all its forms and protecting the dignity, freedom, and rights of every individual.
She noted that this year’s theme, “Trapped Behind the Scam,” draws attention to the growing threat of human trafficking.
Human trafficking now forms part of modern-day slavery, which is usually perpetrated through online scams, forced criminality, and transnational organised crime.
According to her, the theme also highlights the need to increase public awareness, prevention, enforcement of our laws, and support for survivors.
“Let us remain vigilant, protect the vulnerable, and ensure that no one falls victim to exploitation. Through collective action, we can build a safer society where every person can live in freedom, dignity, and hope.
“We say “No” to human trafficking today”
Also as part of the International Day of Friendship, the First Lady also drew global attention to the power of friendship to unite people, strengthen communities, foster peace, understanding, and mutual respect.
She noted that no matter how far technology advances, man was never created to be alone, adding that ” As we become more connected digitally, human isolation is increasing by the day. We are emotional beings, and we should never underestimate the power of genuine human connection.
“Friendship reminds us to be our brother’s keeper, to show kindness, and to reject unhealthy behaviours that divide us. A simple act of kindness can heal a broken heart and help in making our world a better place”.
She therefore charged Nigerians to ” Go out there, give someone a smile, reach out with compassion, and be a friend”.
News
Oriire: Makinde sets up judicial panel to probe children, teachers’ abduction
Governor Seyi Makinde of Oyo State has set up a Judicial Commission of Inquiry to investigate the abduction of pupils and teachers from Esinele and Yawota communities in Oriire Local Government Area.
Dotun Oyelade, the Commissioner for Information and Civic Orientation, made this known in a statement on Thursday in Ibadan.
Mr Oyelade said that the commission was expected to determine the circumstances surrounding the abduction and identify the factors that led to the security breach.
He said that the panel, which would be inaugurated on Friday, was also tasked with making recommendations to prevent a recurrence.
“The commission will examine the events leading to the kidnapping, assess the response of relevant authorities, and recommend measures to improve security and safeguard schools and communities across the state,” Mr Oyelade said.
He further explained that the setting up of the panel was in line with the governor’s commitment to ensuring a thorough and independent investigation into the incident.
The abduction occurred on May 15, while the abducted pupils and teachers were rescued after 56 days in captivity.
(NAN)
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‘Security threats record sixfold rise in Nigeria, others in two years’
The United States has warned that Nigeria and other African countries are facing a more than sixfold rise in security threats in the last two years, citing a dramatic surge in illegal narcotics trafficking and human trafficking on the continent.
This is even as it listed Nigeria, Kenya and Côte d’Ivoire as key partners for its new technical assistance programme for bankable infrastructure in Africa, which would help the countries develop projects that attract U.S. participation.
Brigadier General Paul G. Filcek, Director of Logistics at U.S. AFRICOM, disclosed this during a digital press conference with African journalists on the ongoing 2026 Africa Logistics and Communications Symposium, co-hosted with the Ethiopian Ministry of Defence.
The 4-day symposium brought together delegates from 39 African nations and 27 private-sector partners under the theme “Forging Partnerships, Driving Innovation, and Enhancing Collective Readiness”.
“Across the African continent, we face growing and converging threats on our mutual security, safety and prosperity, human trafficking and a dramatic rise in illegal narcotics trafficking, now more than six times what it was just two years ago,” Gen. Filcek said.
He stressed that defeating the threats would require cooperation, coordination, reliable and effective communications as well as the ability to move personnel, equipment and supplies quickly across difficult terrain, often over great distances and challenging conditions.
For the first time, the symposium deliberately combined logistics and communications into a single conference, which Flicek described as a decisive edge in modern military operations.
Also speaking, U.S. Deputy Assistant Secretary of Commerce for Middle East and Africa, Mark Mitchell, disclosed that the Departments of Commerce and State were working together on a project termed Technical Assistance for Bankable Infrastructure in Africa that supports African governments to develop bankable projects that can attract U.S. participation and deliver local value. “It’s a model designed to empower African partners rather than create dependency,” he said.
He cited U.S. investment partnerships with Nigeria, Kenya and Cote d’Ivoire as examples of Washington’s commitment to open, competitive and transparent markets that protect sovereignty and unlock innovation.
“Our work on commercial diplomacy, data governance and investment partnerships with countries such as Kenya, Nigeria and Cote d’Ivoire reflect a commitment to fair regulatory environments that unlock innovation and protect sovereignty,” he said.
On what sets the U.S. apart from other global partners, Mitchell said Washington brings high-quality finance, trusted standards, risk mitigation tools that help move projects from concept to bankable reality.
He added that the U.S. partnership was rooted in long-term, enterprise-driven, not one-off transactions, with U.S. companies bringing world-class technology in logistics and communications that could help African nations build the security and stability needed for growth.
Mitchell also highlighted the Strategic Infrastructure Investment Working Group launched earlier this year by the U.S. State Department and the African Union, adding that the Department of Commerce was well-positioned to support it.
Addressing questions on technology, Mitchell said Artificial Intelligence could transform African logistics through route optimisation, predictive fleet maintenance and faster customs processing.
He stressed that real AI sovereignty for African countries means “owning and using best-in-class technology for the benefit of your people and nation,” rather than trying to build entire systems in isolation.
“Keep your data yours. American companies can build large, independent AI infrastructure with secure and robust supply chains that minimise backdoor risk, plus cryptographically protect confidentiality, and world-leading security to keep sensitive logistics and trade data within your borders and under your control,” he said.
Gen. Filcek said U.S. AFRICOM was assessing partner readiness through its A3I programme, which provides targeted military engagement to address urgent operational needs and expand capacity for independence and regional interoperability.
“The most significant advances will come through the acceleration of modular expeditionary capabilities… Investments in local supply chains, infrastructure and secure trade corridors will provide the most profound impact,” he added.
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