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- Hot News
- October 1, 2025
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Tinubu: FG Committed to Enhanced Security, Improved Economic Growth, Performance
Tinubu: FG Committed to Enhanced Security, Improved Economic Growth, Performance
President Bola Tinubu has reiterated his administration’s commitment to enhance the country’s security and ensure the nation’s economy experiences improved growth and performance.
Speaking on Wednesday during a national broadcast in commemoration of Nigeria’s 65th Independence anniversary, the president said: “We are working diligently to enhance national security, ensuring our economy experiences improved growth and performance.
“The officers and men of our armed forces and other security agencies are working tirelessly and making significant sacrifices to keep us safe. They are winning the war against terrorism, banditry and other violent crimes.
“We see their victories in their blood and sweat to stamp out Boko Haram terror in the North-east, IPOB/ESN terror in the South-east and banditry and kidnapping. We must continue to celebrate their gallantry and salute their courage on behalf of a grateful nation.”
President Bola Tinubu has reiterated his administration’s commitment to enhance the country’s security and ensure the nation’s economy experiences improved growth and performance. Speaking on Wednesday during a national broadcast
- Biz & Economy
- October 1, 2025
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Nigeria Immigration begins enforcement against expired visas
The Nigeria Immigration Service (NIS) has commenced enforcement action against foreign nationals who have overstayed their visas or violated entry conditions. The post Nigeria Immigration begins enforcement against expired visas appeared first on Nairametrics.
- Hot News
- October 1, 2025
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In Independence Day Address, Tinubu Lists His Administration’s Achievements
In Independence Day Address, Tinubu Lists His Administration’s Achievements
President Bola Tinubu seized the occasion of the 65th independence anniversary to list the achievements of his 28 months’ administration to the nation in his national broadcast.
In his address to the nation, aired Wednesday morning on TV and radio stations, The President said: “In the last two years of our administration, we have achieved 12 remarkable economic milestones as a result of the implementation of our sound fiscal and monetary policies:
i. We have attained a record-breaking increase in non-oil revenue, achieving the 2025 target by August with over N20 trillion. In September 2025 alone, we raised N3.65 trillion, 411% higher than the amount raised in May 2023.
ii. We have restored Fiscal Health: Our debt service-to-revenue ratio has been significantly reduced from 97% to below 50%. We have paid down the infamous “Ways and Means” advances that threatened our economic stability and triggered inflation. Following the removal of the corrupt petroleum subsidy, we have freed up trillions of Naira for targeted investment in the real economy and social programmes for the most vulnerable, as well as all tiers of government.
iii. We have a stronger foreign Reserve position than three years ago. Our external reserves increased to $42.03 billion this September—the highest since 2019.
iv. Our tax-to-GDP ratio has risen to 13.5 per cent from less than 10 per cent. The ratio is expected to increase further when the new tax law takes effect in January. The tax law is not about increasing the burden on existing taxpayers but about expanding the base to build the Nigeria we deserve and providing tax relief to low-income earners.
v. We are now a Net Exporter: Nigeria has recorded a trade surplus for five consecutive quarters. We are now selling more to the world than we are buying, a fundamental shift that strengthens our currency and creates jobs at home. Nigeria’s trade surplus increased by 44.3% in Q2 2025 to ₦7.46 trillion ($4.74 billion), the largest in about three years. Goods manufactured in Nigeria and exported jumped by 173%. Non-oil exports, as a component of our export trade, now represent 48 per cent, compared to oil exports, which account for 52 per cent. This signals that we are diversifying our economy and foreign exchange sources outside oil and gas.
vi. Oil production rebounded to 1.68 million barrels per day from barely one million in May 2023. The increase occurred due to improved security, new investments, and better stakeholder management in the Niger Delta. Furthermore, the country has made notable advancements by refining PMS domestically for the first time in four decades. It has also established itself as the continent’s leading exporter of aviation fuel.
vii. The Naira has stabilised from the turbulence and volatility witnessed in 2023 and 2024. The gap between the official rate and the unofficial market has reduced substantially, following FX reforms and fresh capital and remittance inflows. The multiple exchange rates, which fostered corruption and arbitrage, are now part of history. Additionally, our currency rate against the dollar is no longer determined by fluctuations in crude oil prices.
viii. Under the social investment programme to support poor households and vulnerable Nigerians, N330 billion has been disbursed to eight million households, many of whom have received either one or two out of the three tranches of the N25,000 each.
ix. Coal mining recovered dramatically from a 22% decline in Q1 to 57.5% growth in Q2, becoming one of Nigeria’s fastest-growing sectors. The solid mineral sector is now pivotal in our economy, encouraging value-added production of minerals extracted from our soil.
x. The administration is expanding transport infrastructure across the country, covering rail, roads, airports, and seaports. Rail and water transport grew by over 40% and 27%, respectively. The 284-kilometre Kano-Kastina-Maradi Standard Gauge rail project and the Kaduna-Kano rail line are nearing completion. Work is progressing well on the legacy Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway. The Federal Executive Council recently approved $3 billion to complete the Eastern Rail Project.
xi. The world is taking notice of our efforts. Sovereign credit rating agencies have upgraded their outlook for Nigeria, recognising our improved economic fundamentals. Our stock market is experiencing an unprecedented boom, rising from an all-share index of 55,000 points in May 2003 to 142,000 points as of September 26, 2025.
xii. At its last MPC meeting, the Central Bank slashed interest rates for the first time in five years, expressing confidence in our country’s macroeconomic stability.”
President Bola Tinubu seized the occasion of the 65th independence anniversary to list the achievements of his 28 months’ administration to the nation in his national broadcast. In his address
- Hot News
- October 1, 2025
- 34 views
Tinubu to Nigerians: We Have Finally Turned the Corner, the Worst is Over
Tinubu to Nigerians: We Have Finally Turned the Corner, the Worst is Over
President Bola Tinubu has announced a message of hope to Nigerians that the nation’s economy has turned the corner and the worst is over.
Addressing the nation in a national broadcast, on Wednesday morning, to mark the 65th independence anniversary, President Tinubu said: “Fellow Nigerians, we are racing against time. We must build the roads we need, repair the ones that have become decrepit, and construct the schools our children will attend and the hospitals that will care for our people. We have to plan for the generations that will come after us. We do not have enough electricity to power our industries and homes today, or the resources to repair our deteriorating roads, build seaports, railroads, and international airports comparable to the best in the world, because we failed to make the necessary investments decades ago. Our administration is setting things right.
“I am pleased to report that we have finally turned the corner. The worst is over, I say. Yesterday’s pains are giving way to relief. I salute your endurance, support, and understanding. I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour.”
President Bola Tinubu has announced a message of hope to Nigerians that the nation’s economy has turned the corner and the worst is over. Addressing the nation in a national
- Hot News
- October 1, 2025
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Tinubu: We Inherited a Near-collapsed Economy
Tinubu: We Inherited a Near-collapsed Economy
*Says ‘I’m committed irrevocably to the unfinished nation-building business’
President Bola Tinubu said upon assuming office, his administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired real growth.
In his national broadcast to mark Nigeria’s 65th independence anniversary, Tinubu said: “As a new administration, we faced a simple choice: continue business as usual and watch our nation drift, or embark on a courageous, fundamental reform path. We chose the path of reform. We chose the path of tomorrow over the comfort of today. Less than three years later, the seeds of those difficult but necessary decisions are bearing fruit.
“In resetting our country for sustainable growth, we ended the corrupt fuel subsidies and multiple foreign exchange rates that created massive incentives for a rentier economy, benefiting only a tiny minority. At the same time, the masses received little or nothing from our Commonwealth. Our administration has redirected the economy towards a more inclusive path, channelling money to fund education, healthcare, national security, agriculture, and critical economic infrastructure, such as roads, power, broadband, and social investment programmes.”
The President noted that these initiatives will generally improve Nigerians’ quality of life, adding, “as a result of the tough decisions we made, the Federal and State governments, including Local Governments, now have more resources to take care of the people at the lower level of the ladder, to address our development challenges.”
In the broadcast aired nationwide by TV and radio, President Tinubu also said: “like our founding fathers and leaders who came before me, I have committed myself irrevocably to the unfinished nation-building business.”
*Says ‘I’m committed irrevocably to the unfinished nation-building business’ President Bola Tinubu said upon assuming office, his administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and
- Hot News
- October 1, 2025
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Tinubu: We Inherited a Near-collapsed Economy
Tinubu: We Inherited a Near-collapsed Economy
*Says ‘I’m committed irrevocably to the unfinished nation-building business’
President Bola Tinubu said upon assuming office, his administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired real growth.
In his national broadcast to mark Nigeria’s 65th independence anniversary, Tinubu said: “As a new administration, we faced a simple choice: continue business as usual and watch our nation drift, or embark on a courageous, fundamental reform path. We chose the path of reform. We chose the path of tomorrow over the comfort of today. Less than three years later, the seeds of those difficult but necessary decisions are bearing fruit.
“In resetting our country for sustainable growth, we ended the corrupt fuel subsidies and multiple foreign exchange rates that created massive incentives for a rentier economy, benefiting only a tiny minority. At the same time, the masses received little or nothing from our Commonwealth. Our administration has redirected the economy towards a more inclusive path, channelling money to fund education, healthcare, national security, agriculture, and critical economic infrastructure, such as roads, power, broadband, and social investment programmes.”
The President noted that these initiatives will generally improve Nigerians’ quality of life, adding, “as a result of the tough decisions we made, the Federal and State governments, including Local Governments, now have more resources to take care of the people at the lower level of the ladder, to address our development challenges.”
In the broadcast aired nationwide by TV and radio, President Tinubu also said: “like our founding fathers and leaders who came before me, I have committed myself irrevocably to the unfinished nation-building business.”
*Says ‘I’m committed irrevocably to the unfinished nation-building business’ President Bola Tinubu said upon assuming office, his administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and
- Uncategorized
- October 1, 2025
- 12 views
Nigeria at 65: Democracy only exists in Abuja, no sign of progress – Adeyanju
Activist lawyer, Deji Adeyanju, has downplayed the existence of democracy at the subnational levels in Nigeria despite the country’s 65th independence. Adeyanju said democracy only exists in Abuja, the capital city of Nigeria and not at the subnational levels, 65 years after independence. In a statement he signed to mark Nigeria’s independence anniversary, the activist
Nigeria at 65: Democracy only exists in Abuja, no sign of progress – Adeyanju
Activist lawyer, Deji Adeyanju, has downplayed the existence of democracy at the subnational levels in Nigeria despite the country’s 65th independence.
Adeyanju said democracy only exists in Abuja, the capital city of Nigeria and not at the subnational levels, 65 years after independence.
In a statement he signed to mark Nigeria’s independence anniversary, the activist said there is no sign that the country is making any progress.
He accused state governors of holding so much power with little accountability.
According to Adeyanju: “As Nigeria marks another Independence Day, it is important for us to reflect on the state of our democracy.
“Today, democracy in Nigeria seems to exist only in Abuja; it is almost non-existent at the subnational levels. Our governors wield excessive power with little to no accountability and they are shielded from scrutiny even as their salaries and allowances continue to rise.”
He accused state governors of disregarding the Judiciary, stressing that the Supreme Court’s judgment on local government autonomy “remains largely unenforced.”
“Less than a year ago, 19 state governors nearly crippled the EFCC. But for the intervention of the judiciary, the fight against corruption would have suffered a fatal blow.
“This same disregard for accountability is the same reason that the judgment of the Supreme Court on local government autonomy remains largely unenforced. Leaders cannot pick and choose which laws to obey,” he said.
The rights lawyer said only four ministers are working under President Bola Tinubu’s administration.
He noted that a country like Nigeria can’t afford to have ghost ministers.
“True democracy must be rooted in accountability at every level, not just in the Federal Capital Territory. When we turn to the ministers, the picture is no better.
“Only about four of our ministers are visible and working; the rest are missing in action and are only ministers by portfolio. A country of Nigeria’s magnitude and challenges cannot afford ghost ministers,” he said.
He challenged the current leadership of the country to urgently address the issue of insecurity, noting that it would enable Nigerians to feel safer both at home and on the road.
Adeyanju added: “Independence means nothing without security. Nigeria must urgently strengthen its internal and territorial security so that citizens can feel safe in their homes, on their roads, and within their communities.
“Every other day we hear of “unknown gunmen” unleashing terror across the nation. This cannot continue.
“Independence Day, to me, should not just be a date on the calendar. It should be an ongoing work of building a nation where democracy, accountability, and security are real for every Nigerian, not just a privileged few.”
Nigeria at 65: Democracy only exists in Abuja, no sign of progress – Adeyanju
- Uncategorized
- October 1, 2025
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‘Boko Haram will be child’s play’ – Obasanjo cautions against uncontrolled population
Former President Olusegun Obasanjo says if Nigeria’s population growth is not tackled, it could cause serious consequences. Obasanjo made this statement on Tuesday at the inauguration of the Bakhita ICT Centre at the Catholic Secretariat in Sokoto. He emphasized the importance of education and knowledge, describing them as tools for national development. “By the year
‘Boko Haram will be child’s play’ – Obasanjo cautions against uncontrolled population
Former President Olusegun Obasanjo says if Nigeria’s population growth is not tackled, it could cause serious consequences.
Obasanjo made this statement on Tuesday at the inauguration of the Bakhita ICT Centre at the Catholic Secretariat in Sokoto.
He emphasized the importance of education and knowledge, describing them as tools for national development.
“By the year 2050, people like the Sultan will be here. I am not praying to be here 25 years from now.
“We will have the problem of 400 million Nigerians that have to be provided with food, work that have to be satisfied. If we fail to prepare for that, Boko Haram of today will be a child’s play. We have to take care of it now,” he said.
The ex-Nigerian leader equally called on the citizens to embrace the nation’s unity in diversity and resist external narratives that misrepresent the country.
‘Boko Haram will be child’s play’ – Obasanjo cautions against uncontrolled population
- Uncategorized
- October 1, 2025
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Nigeria at 65: ‘Focus on bright future’ – Speaker Abbas tells Nigerians
Speaker of the House of Representatives, Abbas Tajudeen, has urged Nigerians to focus on the bright future as the country marks its 65th Independence Anniversary. In a statement by his media aide, Leke Baiyewu, the Speaker said Nigeria has come a long way through a chequered history, while the years ahead promise greater unity and
Nigeria at 65: ‘Focus on bright future’ – Speaker Abbas tells Nigerians
Speaker of the House of Representatives, Abbas Tajudeen, has urged Nigerians to focus on the bright future as the country marks its 65th Independence Anniversary.
In a statement by his media aide, Leke Baiyewu, the Speaker said Nigeria has come a long way through a chequered history, while the years ahead promise greater unity and prosperity for all.
While noting that God has indeed blessed the country with immeasurable human and natural resources, the Speaker called for collective efforts by all stakeholders towards building a nation regardless of religious, ethnic and political differences.
According to him, Nigeria remains on the right path with the ongoing implementation of the Renewed Hope Agenda of President Bola Ahmed Tinubu.
Abbas expressed optimism that the country remains the Giant of Africa and is bound to reclaim its position as the biggest economy on the continent.
He equally charged Nigerians to remain undaunted by the security and socio-economic challenges, calling for more prayers and patriotism as they remain law-abiding.
The Speaker assured Nigerians of the 10th House’s commitment to providing accountable leadership, good governance and dividends of democracy to the people especially at the grassroots.
Nigeria at 65: ‘Focus on bright future’ – Speaker Abbas tells Nigerians
- Football
- October 1, 2025
- 39 views
Osimhen: Galatasaray Achieved Huge Victory Over Liverpool
Victor Osimhen has reflected on Galatasaray’s hard-earned victory over Premier League champions Liverpool, Completesports.com. Okan Buruk’s defeated the Reds 1-0 at the RAMS Park on Tuesday night. The Nigeria international netted the winning goal from the penalty spot in the 16th minute. Osimhen was replaced in the 71st minute by Mauro Icardi. The 26-year-old, who […] The post Osimhen: Galatasaray Achieved Huge Victory Over Liverpool appeared first on Complete Sports.
