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FG committed to economic reforms, poverty alleviation — Wale Edun

By Francesca Hangeior.
The Federal Government of Nigeria has expressed confidence that President Bola Tinubu’s economic reforms have laid the foundation for local investments that will drive industrialisation and lift citizens out of poverty.
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, made this statement at the opening ceremony of the 2024 National Council on Finance and Economic Development conference, held at the Dr Sulaimanu Adamu Square, Bauchi Government House, on Monday.
Edun noted that Nigerians should be encouraged by the fact that the country now has a more sustainable macroeconomic environment, one that is friendly to investors.
The minister, who expressed profound appreciation to Bauchi State Governor Bala Mohammed for hosting the conference, added: “What transpires in this formal conference is very important because conversations will take place that will clarify matters and build trust and confidence among individuals.”
He continued, “It is vital to understand each other’s situations, financial and economic needs, available resources, and the skills and specialisations on the ground.”
He maintained that the conference would facilitate an understanding of what can be offered individually and collectively, enabling the country to fulfil its potential.
Edun further stated, “President Bola Tinubu’s administration inherited both the assets and liabilities, but there was no looking back. The focus was on charting a forward path, making plans to first stabilise the economy. Then, we sought to attract investments from both domestic and foreign private-sector investors to increase Nigeria’s productivity, grow the economy, create jobs, and, of course, lift a large number of people out of poverty.”
“When we look at where we are now, essentially, the major macroeconomic reforms are in place.”
“The President has stopped the bleeding that was costing 5 per cent of the country’s GDP every year. This was adding no value except to a few individuals and neighbouring countries benefiting from the fuel subsidy and related foreign exchange subsidy.”
“These benefits were reserved for just a few, while the mass of Nigerians saw no advantages from these structures,” he said.
According to him, these structures have been removed, and the federation account will benefit from the increased flow of resources to the federal, state, and local governments.
This will allow more investment not only in infrastructure but also in social services like education and health.
“The path is now clear for private-sector investors, and as we know, we are back in business on the road to industrialisation, particularly with what is happening in the petroleum refining sector. Crude oil is no longer just shipped abroad; it is being refined locally to produce petroleum products and raw materials for industry.”
“We should be encouraged that we now have a more stable, sustainable macroeconomic environment that is investor-friendly and will enable them to produce competitively for the domestic market, as well as for export,” he concluded.
In his remarks, Bauchi State Governor Bala Mohammed expressed his delight that, 17 years later, Bauchi State is hosting this historic event again.
He said, “It is a privilege and highlights the importance of collaboration in addressing the economic challenges and opportunities before us. Seventeen years ago, Bauchi State hosted the same conference, which was widely regarded as successful and impactful.”
“This year, I assure you that we have spared no effort to ensure that this gathering surpasses expectations. Your presence is a testament to your commitment to advancing Nigeria’s financial and economic landscape.”
He urged all participants to contribute constructively to the benefit of all Nigerians.
News
Court dismisses suit seeking Oyo monarch’s removal

An Oyo State High Court sitting in Ibadan has dismissed a suit contesting the nomination and installation of the Olugbon of Orile Igbon, Oba Francis Alao.
In his ruling on Monday, Justice K.A. Adedokun nullified the case for lack of jurisdiction.
Four members of the Akingbola family who instituted the suit contested the selection, appointment, and approval of Oba Alao as the Olugbon.
Justice Adedokun held that the court lacked the jurisdiction to entertain the matter, saying that the claimants had no locus standi to file the suit.
He ruled that the case was defective as it failed to include Surulere Local Government, the authority legally empowered to initiate the selection process and approve the traditional ruler’s appointment.
Oba Alao, whose installation as Olugbon was ratified by the Oyo State government and traditional institutions, is the current vice chairman of the Oyo State Council of Obas and Chiefs.
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EFCC arraigns Chinese for giving false information in Lagos

The Economic and Financial Crimes Commission (EFCC) has arraigned a Chinese, Liu Beixiang, over alleged false information to an officer of the agency.
Liu was arraigned yesterday before Justice Ayokule Faji of the Federal High Court sitting in Ikoyi, Lagos.
The charge reads: “That you, Liu Beixiang (a.k.a Lao Liu), sometime in December 2024 in Lagos, within the jurisdiction of this honourable court, did give information, which you knew to be false, to an officer of the Federal Government of Nigeria in the discharge of his duties and thereby committed an offence contrary to Section 16 (1) of the Economic and Financial Crimes Commission (Establishment) Act, 2004.”
The defendant, however, pleaded not guilty to the offence when the charge was read to him. In view of his plea, the prosecution counsel, Babatunde Sonoiki, asked the court for a trial date and also prayed that the defendant be remanded in a correctional facility.
But in his response, the defence counsel, F.A. Dalmeda, informed the court of an application submitted to the EFCC seeking a plea bargain.
“We filed an application for a plea bargain, and we also filed a motion for bail, which the EFCC responded to this morning.
“We need a date for us to report on the plea bargain.
Consequently, Justice Faji adjourned the matter till June 23, 2025, for a report on the plea bargain and remanded the defendant in a correctional centre.
News
Peter Obi speaks as Benue govt. blocks humanitarian visit

Former Labour Party presidential candidate, Mr. Peter Obi, has expressed deep concern over what appears to be a deliberate move by the Benue State Government to block his planned humanitarian visit to Makurdi on Monday, April 14, 2025.
The Benue State Government on Monday issued a surprise statement, warning against any high-profile visits to the state without prior approval, amid Obi’s plan to visit the state.
The visit, which was to include courtesy calls, stops at a nursing school in Gboko, and IDP camps, was abruptly halted after a press statement from Governor Alia, through his Chief Press Secretary, Tersoo Kula.
The statement, issued while Obi was en route from Plateau State, was titled “Notice Regarding Unscheduled Visit to Benue State.”
Via the statement, Gov. Alia warned that “all individuals or groups intending to visit IDPs in Benue State must first seek and obtain written permission from the Benue State Emergency Management Agency, BSEMA.”
The statement further said: “For anyone considering a visit to Benue State without the Governor’s knowledge, it is imperative to reconsider such plans, as the safety and security of individuals in this regard cannot be guaranteed.”
Governor Alia also cautioned against any gatherings that could be interpreted as political, urging security agencies and residents to “maintain peace and order.”
Reacting to the statement from Benue, Obi revealed that he tried repeatedly to contact the Benue State Governor directly without success.
The former Anambra governor said: “Ordinarily, I would not have commented on this issue, as I have endured far worse situations in my political life since I declared for the presidency, and it continues to worsen as I strive to do things in a civilised and organized manner.
“The unfolding events demand that I have to start speaking out now.
“On what transpired today during my planned visit to Benue State, I am not entirely sure that the state Governor, my dear younger brother, a Reverend Father I deeply respect, is aware of this situation. Having exhausted every possible means to reach him, I am compelled to use this available platform to ensure my message is conveyed.
“On Thursday, the 10th of April, I had planned to visit Plateau and Benue State, respectively. Plateau on Sunday, the 13th of April 2025, and Benue on Monday, the 14th of April 2025. My trip included paying courtesy calls to the governors as well as visiting the IDP camps and schools of nursing in both states to give my support.
As is my practice, I reached out to the Plateau State government to inform them of my visit, which included spending the day with the victims at the IDP camp in Bokkos, a visit I wholeheartedly embraced to extend my support, care, and compassion to fellow Nigerians in need. And in his utmost hospitality, the Plateau State Governor graciously permitted.
In a similar vein, I tried repeatedly to contact the Benue State Governor directly without success. I then successfully contacted his ADC who told me that the governor was in a very important meeting and would call me before midnight on the same day.
Unfortunately, I didn’t get that call until Sunday evening when he sent me a message stating he had not been able to reach his principal since the day I called. I was disturbed by how an ADC would not have been able to reach his principal for 3 days.
“However, because my visit to the governor was just for courtesy and respect, I decided to proceed with my trip to Makurdi. Earlier today at 7am, I left Jos, and on reaching Akwanga at about 10am, my security team stopped and stated they received a press statement, purportedly from the Benue State Government, that appeared designed to stop my trip. Curiously while I was still talking with my security team on the issue, the Governors ADC sent the statement directly to me. The letter refers exactly to my itinerary which I had earlier conveyed to the ADC directly and to the security operatives in Benue through my own security.
“I am forced to remind them, and all concerned, that the purpose of this journey is to support good causes in areas of critical development: health and health education, education and caring for our people in need, and this is what I have done in my private life for years before getting into politics and even while in politics I have continued to do so.
Everyone knew then how I had to get permission from the then President, President Goodluck Jonathan, that I needed to visit Haiti during the earthquake.
I intended to visit a school being built by the bishop in Gboko, a Nursing school and an IDP camp, actions that reflect my genuine care for the welfare of our fellow citizens, and my continuous show of love, care and compassion to citizens who have been displaced.
“May God help us as we rebuild our nation and aim to achieve a new Nigeria where we do not politicize everything but allow citizens to exist, and we all should live for the common good for less privileged Nigerians and those in need.”
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