Oye Exits as NACCIMA President, OPSN Chairman

Hot Source
Hot News
June 20, 2025
0 Comments

•Lauds FG, Tinubu, trade minister, NACCIMA members, others

Dike Onwuamaeze

After two years as National President of Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), and six months leading the Organised Private Sector of Nigeria (OPSN), Hon. Dele Kelvin Oye has taken a bow.

Oye leaves behind a bold and indelible legacy of unprecedented growth and visionary leadership that have reshaped the private sector and set it on the path of sustainable development and global competitiveness.

A press statement from the NACCIMA secretariat said since assuming office in June 2023, Oye had been championing private sector growth and reform in Nigeria, leveraging his vast experience, networks and expertise to drive meaningful dialogue, unlock investment opportunities, and reposition NACCIMA as a key player in economic policy formulation and national development.

The secretariat said Oye’s achievements included the unification of private sector voices under a cohesive advocacy platform, expansion of NACCIMA’s membership base, promotion of trade facilitation policies, such as Single Trade Window, and successful international business missions that attracted significant investment interest in Nigeria.

Known for his unifying approach, Oye brought together fragmented private sector groups, especially in his role as OPSN chair, forging cohesive policy positions that amplified the voice of the organised private sector in national economic discourse.

In a valedictory note highlighting his achievements, challenges, and strategies for navigating the dynamic landscape of Nigeria’s business environment, Oye commended the federal government, President Bola Tinubu, Minister of Trade and Investment, Dr. Jumoke Oduwole, leaders and members of NACCIMA, the media, and other stakeholders for their support throughout his two-year tenure.

Oye stated, “Taking on the role of NACCIMA President on June 8, 2023, I encountered a myriad of challenges, internally and externally.

“At the internal level, there was unusual unhealthy competition amongst chambers, such as economic fluctuations, regulatory hurdles, and a fragmented private sector landscape. While daunting, these challenges spurred the radical changes that our association and its members urgently required.”

He added, “We witnessed a surge in NACCIMA’s membership, underscoring increasing confidence in our advocacy and collaborative endeavours.

“Through close collaboration with government stakeholders, we supported the government in the launching of initiatives like the campaign for the Single Trade Window Policy, aimed at enhancing trade efficiency.

“As Chair of OPSN over the past six months, I have prioritised the creation of cohesive policy positions among various private sector groups, resulting in orderly and effective advocacy.

“Our business missions successfully showcased Nigeria as an attractive destination for investment, culminating in discussions that potential investment inflow exceeding several billion dollars.”

Oye identified confronting Nigeria’s economic instability, characterised by high inflation and diminished industrial capacity, as among the challenges he encountered.

He stated, “I sought to transform these challenges into opportunities. Through constructive engagement with government entities, we facilitated the establishment of frameworks prioritizing cooperation over conflict.

“My leadership has concentrated not only on immediate gains but also on encouraging the long-term sustainability of Nigeria’s business sector.”

According to him, “Feedback from our members reveals that NACCIMA has become a more vocal and engaged participant in economic discussions, enabling members to thrive in a competitive landscape.

“Initiatives, such as financial literacy campaigns through our partnership with the Bank of Industry and capacity-building programmes for MSMEs, have empowered numerous businesses.”

He recommended investment in tech-driven solutions for agricultural processing and maintaining strong partnerships with the government to create conducive business environment.

Oye said, “NACCIMA should leverage its substantial network of over 100 chambers of commerce to stimulate targeted collaborations across industries, enhancing competitiveness while promoting innovation.

“The past two years have been transformative for NACCIMA. Our collective efforts have set the stage for ongoing engagement, growth, and evolution within Nigeria’s private sector.

“I extend my deepest gratitude to everyone; my colleagues at the secretariat, our patron, Mr. Rufai Mohammed, and all our national live vice presidents, my colleagues at the OPSN, the newly elected president of NACCIMA and chairman OPSN, Mr. Jani Ibrahim; and the 2025-27 executive committee and council, my colleagues at Oduaccima, Ekiti Chambers of Commerce – on whose platform I was elected in June 2023 – and to everyone who has been involved in this journey together. Let us continue to break barriers and achieve new heights.”

At the heart of Oye’s mission was a steadfast commitment to supporting the growth of Nigerian businesses, particularly micro, small, and medium-sized enterprises (MSMEs), the backbone of the national economy.

He ensured that NACCIMA, during his time, served as a true enabler of enterprise, opening new pathways for thousands of entrepreneurs across Nigeria.

Hot Source

Hot Source
Hot News
August 27, 2025
0 views

IFC Lauds FG’s Economic Reforms, IMF Calls for Marshall Plan for Power Sector

•Decries low credit flow to real sector

•Identifies sectors with investment opportunities to create 780, 000 jobs

•FG says making plans to attract big auto manufacturers

Dike Onwuamaeze

International Monetary Fund (IMF) and International Finance Corporation (IFC) have stated that the President Bola Tinubu administration has done a good job in implementing structural reforms required to make Nigeria a more attractive investment destination.
IMF and IFC urged the Tinubu administration to continue to travel on its chosen path without backsliding because the government’s reform measures had started yielding macroeconomic stability, deceleration of inflationary pressure, foreign exchange (FX) market stability, and growing foreign reserves.
Those views were expressed yesterday in Lagos by IMF Resident Representative, Dr. Christian Ebeke, and Principal Country Officer, IFC, Nigeria, Mr. Christian Mulamula, during the “International Business Conference and EXPO 2025: Invest Nigeria” organised by Lagos Chamber of Commerce and Industry (LCCI).
Tinubu, who was represented at the EXPO 2025 by Minister of State for Industry, Trade and Investment, Senator John Owan Enoh, said the government was speaking with key automobile industry players to see how to put things in place that could make it attractive for these auto firms to come and set up plants in Nigeria.
Tinubu thanked LCCI for providing the platform for dialogue and collaboration, saying for too long the business environment in Nigeria has been of immense potential that is hampered by challenging realities and a story of brilliant ideas and determined entrepreneurs navigating a maze of bureaucratic turmoil.
He stated, “My administration was elected with clear mandate to change that story; to rewrite the narrative from that of obstacles to one of opportunities.
“And I am here today to assure you with the full weight of my office to assure you that this is not just a promise but a reality we are building every single day.”
IMF and IFC identified the unification of the FX rates, removal of petrol subsidy, and the recently enacted tax reform laws as areas the administration deserved special commendation. They added that Nigeria needed to stay the course because the monster was retreating but had not gone away.
According to them, the immediate visible gains of the reforms include less volatility in the foreign exchange market; easing of inflation and return of foreign capital inflows into Nigeria’s economy.
Ebeke said, “The first thing that is important is that inflation is finally decelerating. It does not mean that prices are falling but that the pace at which prices are increasing is going down.
“The second thing I wish to mention is that the exchange market is now more stable.
“What we are looking for is not a stable Naira per se but a stable exchange market because a stable Naira will be a product of stable exchange market.
“We can see that the reserves are going up and businesses are no longer struggling to find Dollar even though they complain that it is a little bit pricy. But that it is available is a right step in the right direction.”
Ebeke also said Nigeria had enough foreign reserves to cover what they were supposed to insulate against, like FX liabilities, short term debts and imports, adding that the country’s current account has also shown that the FX reserves would strengthen further.
“This is very good because it brings confidence and helps businesses to plan,” he said.
Ebeke assured that the Central Bank of Nigeria (CBN) had the capacity to intervene in the FX market to curb disorderly conditions.
He gave “kudos to the Tinubu’s administration for pushing through these landmarks tax reform laws.”
IMF, however, expressed concern that much of the FX inflows were portfolio investments, while very little foreign direct investments (FDIs) were going into manufacturing and other productive sectors.
Ebeke said, “Nigeria receives very little FDIs and it is actually worrisome when you compare Nigeria with countries at the same level of its GDP.”
He also said bank credit to the private sector, which would boost productivity, was very low in Nigeria.
The IMF country representative said, “When compared to many countries, Nigeria’s credit to GDP ratio is very low. And even when banks extend credit, the bulk of it goes to the oil and gas while manufacturing and agriculture actually receive very, very little credit.
“So, there is a misallocation of domestic savings in Nigeria as there are concentrations on few sectors but the sectors that are supposed to drive productivity and good wages are not receiving much.”
He stated that the reality of today was that poverty was actually going up in Nigeria and reducing citizens’ purchasing power, and they could no longer afford certain products.
He advised the government to fight insecurity, address power challenges, and encourage agriculture in order to ameliorate rising food prices and cost of living.
Ebeke said, “No other emerging market country has to deal with the type of insecurity problem Nigeria is facing. Nigeria needs to fix its security problem for its private sector to thrive.
“The second is power. The objective of Tinubu’s administration is 7.0 per cent GDP’s growth, which will need more reliable electricity.
“There should be a marshal plan to fix the power sector given the multiplier effect it has on other sectors.”
He observed that Nigeria’s regulatory environment was marred by unnecessary administrative requirements that must be fixed in order for the private sector to keep prospering.
Similarly, Mulamula, said, “The good news is that Nigeria has taken bold steps to implement the structural reforms required to make it a more attractive investment destination by unifying the FX markets, tightening monetary policy to manage inflation and removing costly petrol subsidy.”
Mulamula said Nigeria had huge investment opportunities in the ICT, pharmaceutical manufacturing, renewable energy and agriculture and agro-processing.
The IFC principal country officer stated, “Expanding the nationwide fibre network will open up new investments in digital for businesses, schools, hospitals and government agencies. This has potential to create over 200,000 jobs.
“Nigeria rich agricultural resources present an opportunity for industrialisation in agricultural processing and food security. We deem this as an opportunity to create over 300,000 jobs and the renewable energy space has opportunity to create 250,000 jobs.
“Increasing urbanisation comes with increases in non-communicable diseases and increase demands for drugs. This coupled with new policy that requires drug importers to move toward local production creates an attractive investment opportunity in Nigeria with opportunity to create over 30,000 new jobs.”
President of LCCI, Mr. Gabriel Idahosa, said the goal of EXPO 2025 “is to unlock and deepen Nigeria’s boundless investment opportunities from energy to technology, manufacturing to agriculture, infrastructure to creative economy”.

The post IFC Lauds FG’s Economic Reforms, IMF Calls for Marshall Plan for Power Sector appeared first on THISDAYLIVE.

•Decries low credit flow to real sector •Identifies sectors with investment opportunities to create 780, 000 jobs •FG says making plans to attract big auto manufacturers Dike Onwuamaeze International Monetary
The post IFC Lauds FG’s Economic Reforms, IMF Calls for Marshall Plan for Power Sector appeared first on THISDAYLIVE.

Hot Source
Hot News
August 27, 2025
0 views

Ribadu: We’ll Hunt Terrorists, We’ll Find Them and Bring Them to Justice

•Says Tinubu’s govt will ensure every community is safe, every citizen can live free

•Hands over 128 rescued kidnap victims to their families in Abuja

Hammed Shittu in Ilorin and Linus Aleke in Abuja

National Security Adviser (NSA), Mallam Nuhu Ribadu, yesterday, reiterated the federal government’s promise to relentlessly fight terrorism and hunt down terrorists threatening the citizens, declaring, “We will hunt them, we will find them, and we will bring them to justice.”
Ribadu assured that the government of President Bola Tinubu will continue to pursue those who terrorised the people, and will not rest until every community was safe and every citizen could live free.
He gave the assurance in Abuja when he handed over 128 kidnap victims rescued from captivity in Kaura Namoda Local Government Area of Zamfara State to their families.
The NSA refuted media reports that over 30 of the victims had been killed by bandits, and insisted that nearly all were rescued alive.
He spoke at a brief handover ceremony at the headquarters of the National Counter Terrorism Centre, Office of the National Security Adviser (NCTC–ONSA).
Emphasising that there would be no haven for those who terrorised citizens, the NSA added, “We will hunt them, we will find them, and we will bring them to justice — or they will meet the same fate as the many kingpins who have already been neutralised by our forces.”
He stated that the government had always employed both kinetic and non-kinetic measures to address the challenges, and this balanced approach would continue to guide the security forces.
Further reminding Nigerians that unity and resilience would always overcome fear and violence, Ribadu stated, “The government of President Bola Ahmed Tinubu will continue to pursue those who terrorise our people, and we will not rest until every community is safe and every citizen can live free from the threat of banditry and terrorism.”
He disclosed that the 128 victims, mostly young women, were rescued from bandits’ captivity on August 26, 2025, through the efforts of the security forces and unwavering support of local communities.
Ribadu stated, “Today, we present a total of 128 persons rescued from Kaura Namoda, Zamfara State. This is a remarkable achievement and a testament to our resolve as a nation.
“Today is not just about their return — it is about reaffirming our collective determination to create a more secure environment for every single person living within the territorial boundaries of our beautiful country. What matters most is giving relief to our people.
“These victims were brought to the Office of the National Security Adviser (ONSA) not only to secure their safety but also to facilitate their healing process. Healing is as important as the rescue itself.
“They will be treated for trauma and supported to reintegrate into their families and communities, because we understand that the journey to full recovery requires compassion, care, and resilience.
“We recognise the courage, sacrifice, and professionalism of our armed forces, the police, intelligence services, and all who worked quietly and diligently to secure these releases.”
The NSA disclosed that the government had, over the recent months, reunited a number of hostages rescued from captivity.
He stated, “We have seen mothers reunited with their children, husbands with their wives, and communities made whole again. Each rescue is a victory for the Nigerian people and a crushing blow to the networks of terror that seek to undermine our peace.”
National Coordinator of the National Counter Terrorism Centre (NCTC), Major General Adamu Laka, disclosed that the victims were rescued in two batches following coordinated operations.
Laka stated that the first batch was rescued on August 14, and they comprised 42 individuals — 40 males, seven females, and a toddler.
He added that the second batch was rescued on August 19 and included 34 males and 54 females.
According to the NCTC national coordinator, “Unfortunately, among the second batch, we lost one of the children due to illness and the extreme fatigue he suffered while in the kidnappers’ camp. Additionally, one of the rescued women gave birth prematurely, and the baby is currently receiving care in an incubator at a medical facility.
“Following their rescue, all victims were placed under the care of the Office of the National Security Adviser, where they received immediate medical attention, psychological support, and rehabilitation.
“Today’s handover marks another step in our commitment to ensuring that victims of terrorism and banditry are not only rescued but also properly reintegrated into society with dignity and care.”
Meanwhile, a civil society organisation (CSO), Partnership Against Violent Extremism (PAVE) Network – PCVE-KIRH — with the support of Global Community Engagement and Resilience Fund (GCERF) and ActionAid Nigeria, yesterday, unveiled two initiatives: Youth Against Violent Extremism (YAVE) and YAVE Youth Content Challenge, aimed at countering terrorist ideologies, promoting peacebuilding, and tackling violent extremism in Nigeria.
Speaking at the unveiling of the initiative, Interim National Coordinator of YAVE, Mohammed Mustapha, said the event was designed to give young people a platform to shape narratives, counter extremist ideologies, and lead initiatives that strengthen peace, inclusivity, and community resilience across Nigeria.
Regarding the second initiative, the YAVE Youth Content Challenge, Mustapha explained that it would encourage youth-led storytelling and creative advocacy as tools for preventing and countering violent extremism (PCVE).
He added that the new platform served as a dedicated space for young people to exchange ideas, co-create solutions, and lead impactful initiatives to counter violent extremism (CVE) at both grassroots and national levels.
Mustapha stated, “Through this initiative, YAVE seeks to reinforce the critical role of youth as catalysts for change, positioning them not just as stakeholders, but as leaders in shaping a more peaceful and secure society.
“The YAVE Digital Platform is a vibrant, interactive hub tailored to amplify youth voices and foster collaboration among young change-makers working to prevent violent extremism. The platform encourages idea-sharing, project incubation, and storytelling for peace.
“The launch also includes a nationwide digital contest — an inclusive, multimedia competition open to Nigerian youth, inviting submissions in various digital formats such as short films, graphics, photography, poetry, spoken word, essays, and other creative media. The contest aims to spotlight youth innovation and promote peace narratives in both local and national contexts.”

Kwara: Dozens of Kidnap Victims Escape as Security Forces Raid Bandits’ Hideouts
Dozens of persons being held by suspected bandits at the Baba-sango hideouts in Ifelodun Local Government Area of Kwara State, yesterday, escaped from the hideouts following a security crackdown on the place.
A security officer, who confirmed the development to newsmen in Ilorin last night, said, “The security operation has really been a modest success, in spite of the ambush laid for the government forces.
“Not only were several of the criminals eliminated, but dozens of their victims have also fled the area. Many are now in Babanla and Shagbe.
“Also, a forest guard which we thought we had lost to the operation has since returned home after the operation that lasted between Sunday and Monday morning.”
A government source said the victims apparently fled after their captors scampered to safety in the wake of the determined efforts to dislodge the criminals.
The source said, “Many of their abductors died in the encounter with the security forces, while others fled to safety.
“While a lot may need to be done, the Sunday night operation has posted appreciable success in the government’s efforts to rout out the criminals.
“Community leaders in Babanla have reported seeing many kidnap victims who escaped from Babasango in the aftermath of the operation.”
He said the security crackdowns were steadily being done until the “cowards are totally chased out of the state.”

The post Ribadu: We’ll Hunt Terrorists, We’ll Find Them and Bring Them to Justice appeared first on THISDAYLIVE.

•Says Tinubu’s govt will ensure every community is safe, every citizen can live free •Hands over 128 rescued kidnap victims to their families in Abuja Hammed Shittu in Ilorin and
The post Ribadu: We’ll Hunt Terrorists, We’ll Find Them and Bring Them to Justice appeared first on THISDAYLIVE.

Hot SOURCE News

Or check our Popular Categories...

Hot SOURCE News

Or check our Popular Categories...

Oye Exits as NACCIMA President, OPSN Chairman

Related

Hot Source

Related Posts

IFC Lauds FG’s Economic Reforms, IMF Calls for Marshall Plan for Power Sector

Ribadu: We’ll Hunt Terrorists, We’ll Find Them and Bring Them to Justice

Leave a Reply Cancel reply

Business & Economy

Private Sector Credit Up 4.02% YoY to N76.14trn as Broad Money Supply Expands

Amid Moderate Borrowing, Subscription to FGN Bond Shrinks to N4.94trn

Rebuilding Trust in Contributory Pension Scheme

FCMB Group Profit Before Tax Up 23% YoY to N79.3bn

Stanbic IBTC Relaunches Promo for Private Banking Clients

LAPO MfB Champions Youth Empowerment at NYSC Sagamu Camp

ASUU members stage nationwide university protests over salary arrears and neglected agreements

PenCom recovers N4.57 billion from defaulting employers over five quarters, says PenOp CEO

CBN orders banks, fintech firms to make GPS tracking mandatory for PoS terminals

Cross River moves to unlock its vast gas, solid mineral deposits

Customs hands over N3.77 billion worth of expired drugs to NAFDAC

Why many of the 43 licensed MVNOs in Nigeria may not survive – Stakeholders

FCMB tops volume as Nigerian stock market recovers above 141,500 – See year-to-date performance

NSIB begins investigation into Abuja–Kaduna train derailment, says six passengers injured

Nigeria emerges as Africa’s second-largest solar importer amid 60% surge across continent

Breaking: Tinubu orders temporary ban on export of raw shea nuts

Nigeria to expand pension investment scope in infrastructure and private equity

Alleged terror financing: Court approves IGP’s request for banks to release Sowore’s transactions

Nigerian Air Force opens recruitment for graduates and postgraduates nationwide

Nigeria, Brazil to strengthen health sector cooperation with 5-Year Joint Action Plan

Foodelo: Leading food delivery in Lagos and Abeokuta

NGX Group CEO highlights opportunities for Nigeria–Brazil investment flows during Presidential visit to Brazil

Inventa marks a decade of protecting Nigerian innovation for global competitiveness

CBN sets October 31 deadline for Payment companies to comply with ISO 20022

Air Peace secures Lagos–São Paulo passenger route under Nigeria–Brazil BASA deal

Nigeria records 46% drop in poliovirus cases as NPHCDA reports progress in eradication efforts

Nigerian FPI grows to N1.81 trillion in July 2025, on strong domestic participation in stock trading

Nigeria, Japan: Kisarazu City clarifies hometown deal, says no immigration plans for Nigerians

Kaduna-bound train derails at Asham along Abuja-Kaduna corridor

Manufacturers urge Customs to suspend 4% levy until December

Air Peace to begin direct flight from Lagos to Sao Paulo – Official

DMO allots N136.16 billion from August 2025 FGN bond auction

Nigerians paid N2.56 billion in ransoms to kidnappers in one year

THE BOARDROOM 2025: The next generation economy

Naira breaks below N1,550/$ amid uptick in U.S dollar

Elon Musk’s xAI sues Apple and OpenAI over alleged AI monopoly