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‘Tinubu Set To Reshuffle Cabinet Before Independence Day’
By Mario Deepromoter
President Bola Tinubu is is said to be preparing to reshuffle his cabinet in anticipation of Nigeria’s Independence Day celebrations on October 1.
Sources within the presidency revealed to BusinessDay that this decision is a direct response to growing criticisms regarding the administration’s handling of the economy.
Reliable insiders indicated that several key ministries are likely to be affected by the upcoming reshuffle, including the Ministry of Petroleum Resources, Ministry of Power, Ministry of Transport, Ministry of Water Resources, Ministry of Environment, and Ministry of Defense.
Discontent has been brewing within the ruling All Progressives Congress (APC) regarding the current administration’s performance, with party members expressing concerns that without significant changes in economic management, the party may struggle to retain power in the 2027 elections.
A chieftain of the APC, speaking on the condition of anonymity, voiced dissatisfaction with President Tinubu’s economic policies, highlighting the urgent need for improvement to regain public confidence.
The APC chieftain said, “We do not understand why he is finding it difficult to replace Simon Lalong, former labour and employment minister long after he officially announced his resignation from the cabinet.
“Look at the Humanitarian Affairs Ministry, one of the most strategic ministries designed to give welfare to Nigerians, especially members of our party. It has been vacant without a minister. The president cannot tell us that we do not have a competent person within the party to take over that ministry since the suspension of the former minister.
Even if they want to recall her, she can be reassigned to any other ministry, but there is no justification for leaving that ministry vacant.”
The APC chieftain revealed that all is not well with the party, noting that 2027 political consideration is being elevated above current challenges facing the nation.
Recall that while Simon Lalong representing Plateau State in the Tinubu’s cabinet, resigned to take up his seat at the Senate, Betta Edu, representing Cross Rivers State, was suspended over alleged corruption in her ministry.
According to BusinessDay, the President will announce the cabinet reshuffle ahead of the October 1st celebration.
The source revealed, “The president has concluded plans to reshuffle the ministers, and it will be done before or on the 1st of October broadcast.
“I may not be able to tell you those that will be dropped or those that will go, but remember that the president has been monitoring the performance of the ministers. So, he knows those that are performing and those that are not.”
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FG moves to allow payment in Naira to NIMASA, NPA
By Kayode Sanni-Arewa
The federal government is proposing the collection of charges, fines and others, by the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA), be in naira rather than in foreign currencies.
Bayo Onanuga, special adviser to the president on information and strategy, spoke on Wednesday during a press briefing at the state house in Abuja.
According to Onanuga, the proposal is part of the economic stabilisation bills (ESBs) to be presented by President Bola Tinubu to the national assembly.
On Monday, the federal executive council (FEC) approved the economic stabilisation bills seeking amendment of tax policies.
Onanuga said the plan is part of an effort from the federal government to prioritise the use of naira and reduce pressure on the foreign exchange (FX) market.
“The second one has to do with the operating laws guiding NIMASA and Nigerian Port Authority (NPA). The amendment under that in the economic stabilisation bills is that all their fees, charges, levies, fines and other monies accruing to them and payable to those agencies will now be paid in naira at the applicable exchange rate,” Onanuga said.
“Hitherto, those agencies were charging in dollars but now collect it in naira. This government wants to put a lot of emphasis on our national currency instead of everything being dollarised in our economy.”
Since the unification of the naira on June 14, the country’s currency has significantly deteriorated, depreciating from N471.67 per dollar to N1667.42/$ in the official market as of Wednesday.
As part of its effort to reduce demand for dollars, the federal government said on October 1, it would commence the sale of crude oil in naira to the Dangote refinery and other local refineries.
News
Three arrested in Benin Republic over alleged ‘coup’ conspiracy
By Francesca Hangeior.
Benin prosecutors announced that three notable individuals, including a commander of the presidential guard, have been detained under suspicion of orchestrating a “coup d’etat” in the small West African country.
The other two individuals accused of plotting a coup are a former sports minister and a businessman with close ties to President Patrice Talon.
Elonm Mario Metonou, the special prosecutor at Benin’s court for financial crimes and terrorism, revealed that the alleged coup was scheduled to occur on Friday.
“It seems the Republican Guard commander responsible for the president’s security was recruited by Minister Oswald Homeky and Olivier Boko to carry out a forceful coup on September 27, 2024,” the prosecutor stated.
Homeky was apprehended around 1:00 am on Tuesday while transferring six bags of money amounting to 1.5 billion West African CFA francs ($2.5 million) to the commander, Djimon Dieudonne Tevoedjre.
Boko, a close associate of President Patrice Talon, was arrested separately overnight from Monday to Tuesday in Benin’s economic hub of Cotonou, the court disclosed.
He had recently hinted at his intention to vie for the presidency in 2026, as Talon is barred by the constitution from seeking another term when his second term concludes.
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