Tinubu: Our Govt’s Bold Economic Reforms Already Yielding Fruitful Results 

Declares that in two years, Nigeria now respected globally

Deji Elumoye in Abuja 

President Bola Tinubu has declared that his government’s bold economic reforms, which aim to restore Nigeria to its enviable position, are yielding fruitful results.

According to him, the country’s economy is now stable and attracting interest from around the world.

The president made this disclosure at the State House when he received the Soun of Ogbomosoland, His Imperial Majesty, Oba Ghandi Afolabi Oladunni Olaoye, Orumogege III, in audience with some other royal fathers.

President Tinubu said: “Years of neglect and self-deception, fake records, smuggling, and all of that have denied Nigeria the necessary revenue for progress and development.

“Then we were confronted again with arbitrage trading of currency, an illusion of selling papers, corruption all over the place, and the integrity of the country and its economy being extremely and adversely challenged.

“We had to take those actions. With your prayers, patience, perseverance and great understanding, I’m glad to tell you today that the economy is stabilised. The bleeding has stopped. Haemorrhage is gone; the patient is alive.”

The president also said the establishment of NELFUND was to ensure that no student would drop out because of poverty.

He affirmed that everybody has a right to education as it is the “greatest weapon you can give to human beings against poverty; that’s what we are doing. We have remained aggressive on our infrastructure. And it’s just two years”.

President Tinubu thanked the Soun of Ogbomoso for crediting his administration with the bold decisions taken immediately upon resumption of office.

He noted that the people of Ogbomosoland were already feeling the modernisation and transformation introduced by the monarch, who promised to strengthen traditional institutions.

The president promised to engage the Ministers of Power, Water Resources, Agriculture, and Works to look into the visiting monarch’s requests, stating they can make Nigeria self-sufficient in agriculture.

Earlier, the Soun commended the president for his incredible strides, which “only a bold leader could have recorded. Removing fuel subsidy has shown us that it is the right decision, and we can see the effects”.

Oba Olaoye said the foreign exchange reforms and introduction of NELFUND have made it easier for many students to continue their schooling without considering dropping out.

The royal father also commended the president for awarding the contract for the dualization of the Oyo-Ogbomosho Road, which had been abandoned for decades, pointing out that the road would spur economic activities as a significant gateway to the north.

The paramount ruler, however, requested the president’s intervention in the water and power supply in Ogbomoso, the upgrading of the General Hospital in the town into a Federal Medical Centre, as well as the establishment of a research institute to enhance the development and transformation of the famous ‘Ogbomoso mangoes and cashew nuts’ into a viable agricultural enterprise.

Oba Olaoye thanked the president for appointing Ogbomoso sons to his administration, notably the Federal Inland Revenue Service (FIRS) Chairman, Zacch Adedeji, and the DG of the Bureau of Public Procurement, Debo Adedokun.

On the entourage of the Soun of Ogbomosoland were five other kings representing the five councils in Ogbomosoland, namely High Chief Samuel Otolorin, the Areago of Ogbomosoland; HRM, Oba Oyetunji Adeyeye, the Alajaawa of Ajaawa; HRM Oba Bolarinwa Ezekiel Olajide, the Onisapa of Isapa; HRM Oba Babatunde Amao, the Aale Oke-elerin, and HRM Oba Akinola John Akintola, the Olokin-apa of Okin-apa.

Others were High Chief Ogundare Oluwakemi Rebecca, Iyalode of Ogbomosoland; Prof. Sola Adepoju, former DG Forestry Research Institute of Nigeria; Chief Tunji Olaniyi, a businessman, and Alhaji Abdul Ganiyu Atanda Owodunni, the Aare Musulumi of Ogbomosoland.

Also present was the Special Adviser to the President on Media and Public Communication, Chief Sunday Dare, a prominent ‘son of the soil’ who doubles as the Agbaakin of Ogbomosoland.

The post Tinubu: Our Govt’s Bold Economic Reforms Already Yielding Fruitful Results  appeared first on THISDAYLIVE.

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    Dangote Refinery Accuses PENGASSAN of Economic Sabotage, Says Union’s Directive Threatens Fuel Availability, Govt revenue

    Dangote Refinery Accuses PENGASSAN of Economic Sabotage, Says Union’s Directive Threatens Fuel Availability, Govt revenue

    • Warns it can affect investors’ confidence, inflict harm on Nigerians, businesses if PENGASSAN cabal is allowed to enforce its lawless directive

    Dangote Petroleum Refinery has accused the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) of attempting to sabotage the country’s energy supply chain following a directive issued by the union to its branches to cut off crude oil and gas supplies to the refinery.

    In a statement issued on Saturday, the company described the directive as “a brazen display of lawlessness and criminality,” warning that the move could plunge Nigeria back into widespread fuel scarcity and disrupt the availability of key petroleum products, including petrol, aviation fuel, kerosene, diesel, and cooking gas.

    According to Dangote Refinery, PENGASSAN on 26 September instructed its members in various multinational oil companies and subsidiaries including TotalEnergies, Seplat, Renaissance, Chevron, Oando, Shell Nigeria Gas, and NGIC to halt crude oil loading operations and cut off gas supply to the facility “with immediate effect.”

    The refinery stressed that the union had no legal authority to interfere with contracts signed between the refinery and its suppliers, insisting that such interference amounts to “economic sabotage” against both the company and the Nigerian state.

    “This is a brazen, albeit shocking display of lawlessness and criminality by PENGASSAN. Absolutely no law gives PENGASSAN the right to direct its branches to “cut off” gas and crude oil supplies to Dangote Refinery or at all. There is also no law in our statute books that would support or enable the PENGASSAN branches having to “cut off” gas and crude oil supplies to Dangote Refinery or at all,” the statement read. “Besides, it constitutes a criminal conduct for PENGASSAN or its members to disrupt and/or interfere howsoever in the contract between Dangote Refinery and its various vendors for the supply of gas and crude oil to the Refinery. Those supply contracts were not entered into with PENGASSAN; they were entered into by Dangote Refinery with third party vendors and suppliers and PENGASSAN has no right whatsoever to disrupt and/or interfere with the performance of those contracts”.

    It noted that PENGASSAN needs to be reminded that Nigeria is a country governed by laws.

    “Our laws do not brook self-help and mob action that could introduce mayhem and chaos and easily translate into anarchy,” it added.

    Dangote Petroleum Refinery, world’s largest single-train refinery and one of Nigeria’s highest taxpayers, argued that the directive undermines investor confidence and threatens revenues accruing to federal and state governments. The company also described the refinery as a strategic national asset that should be safeguarded rather than targeted.
    “We are, by this write-up, drawing the attention of the Federal Government and its security and law enforcement agencies – as well as all other levels of governments in Nigeria – to this criminal, lawless, reckless and irresponsible conduct of PENGASSAN and calling on them – the Federal Government and its agencies, in particular – to call the Association to order. PENGASSAN has no right to introduce anarchy and mayhem into our society. The Association is not above the law, and it must not be allowed to believe that it is or behave as if it is,” it said

    The statement further criticised the union for what it called “a contradictory stance,” noting that while PENGASSAN had earlier pledged to pursue legal action against the refinery, it “abandoned the path of lawfulness and embraced mob action.”

    The refinery noted that apart from the lawlessness and criminality inherent in the PENGASSAN’s instruction to its branches, the Association’s directive amounts to economic sabotage at multiple levels.

    “In plain language, PENGASSAN has directed its branches to disrupt and stop the supply of petroleum products from the Dangote Refinery to Nigerians. The products that would be disrupted and stopped include but are not limited to aviation fuel, petrol, kerosene, diesel and cooking gas – all products that are used and required by all stripes of Nigerians and persons living in Nigeria, whether high and mighty or lowly and ordinary. In what circumstance would it be justified for PENGASSAN to so disrupt and introduce insufferable hardship into the living conditions of Nigerians? None that we can see. The follow up question is, in whose interest and on whose behalf is PENGASSAN directing and intending to inflict such anarchic and criminal disruption upon the Nigerian society and persons living in Nigeria? Most certainly, not in the interest of the Nigerian State and/or the Nigerian public and citizens,” it added.

    It stressed that it is also economic sabotage against the Nigerian State at multiple levels as the Dangote Refinery is the only refinery of its type in Africa and ordinarily should be the pride of all Nigerians as well as the governments of Nigeria.

    “It should ordinarily have special protection and status and indeed qualifies as a strategic national asset. An irreparable injury to the Dangote Refinery such as PENGASSAN has directed constitutes a national embarrassment to all of us. The directive is a disincentive to external investors who ordinarily would have been encouraged by the success of Dangote Refinery to contemplate investing in Nigeria’s oil and gas sector or generally. PENGASSAN may also not be aware that Dangote Refinery is one of the largest contributors to the revenue purse of the Nigerian governments – both Federal and sub-nationals. That contribution is currently threatened by PENGASSAN and would of course be paused if and as soon as and for as long as the PENGASSAN directive is implemented by its branches,” it added.

    Calling on the federal government and security agencies to intervene, the company urged Nigerians to resist any attempt to disrupt refinery operations, warning that compliance with the directive would cause “irreparable hardship” for households and businesses nationwide.

    “We are also calling on all Nigerians to take note of the unquantifiable and irredeemable hardship which PENGASSAN wishes to inflict on all of us. There is no Nigerian household that does not use or need the petroleum products which PENGASSAN has now directed its branches, by fiat, to withdraw from the Nigerian market – again, we list some of them: petrol, cooking gas, diesel, kerosene and aviation fuel. The production and supply of these products by Dangote Refinery would cease if the PENGASSAN cabal is allowed or permitted to enforce its lawless and criminal “directive”. The Association must not be allowed to ride roughshod on Nigerians. The repercussions from the PENGASSAN directive would affect and inflict harm on all Nigerians, This is therefore a fight for all Nigerians,” noted the statement.

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    • Warns it can affect investors’ confidence, inflict harm on Nigerians, businesses if PENGASSAN cabal is allowed to enforce its lawless directive Dangote Petroleum Refinery has accused the Petroleum and

    Nigerian Delegates Drive Digital Trade Talks at UNGA 80

    Nigerian Delegates Drive Digital Trade Talks at UNGA 80

    At the 80th anniversary of the United Nations General Assembly (UNGA), Nigerian delegates highlighted the transformative power of technology and digital trade for Africa’s economic future.

    Nigeria’s Federal Ministry of Communications, Innovation, and Digital Economy, led by Minister Dr Bosun Tijani, hosted a high-level roundtable focused on advancing the digital economy through the African Continental Free Trade Area (AfCFTA).

    In his address, Tijani stressed that digital trade is no longer optional for Africa but a key pillar for economic integration, empowerment, and innovation.

    The dialogue, titled “Accelerating Digital Trade Across Africa Through AfCFTA,” featured a distinguished lineup of policymakers, entrepreneurs, and investors, including Senegal’s Minister of Communications, Innovation and Technology, Salima Bah; Andela Co-Founder Iyin Aboyeji; CcHub Africa Managing Director Ojoma Ochai; Computer Warehouse Group Chairman Philip Obioha; CEO of Dioni Visions Entertainment Omoni Oboli; and technology investor Sudeep Ramnani.

    Ramnani commended Nigeria’s efforts to build a resilient, inclusive tech ecosystem, describing it as vital to attracting global investment and scaling innovation across the continent. Alongside his long-time business partner Jai Mahtani, Ramnani has played a pivotal role in Nigeria’s fintech growth, co-founding PalmPay, backing Paystack before its acquisition by Stripe, and recently investing in Lagos-based food delivery startup Chowdeck.

    The roundtable also drew contributions from organisations shaping Nigeria’s innovation space, including Co-Creation Hub (CcHub), which leverages technology for social impact, and EverCorp Industries, with investments spanning insurance, energy, and consumer goods.

    As UNGA 80 concluded, Nigerian delegates and stakeholders left with renewed momentum to deepen collaboration across borders, support talent, and build the infrastructure needed to unlock Africa’s digital potential. The discussions reinforced a common vision: that digital trade, enabled by AfCFTA, can be a cornerstone of sustainable growth across the continent.

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    At the 80th anniversary of the United Nations General Assembly (UNGA), Nigerian delegates highlighted the transformative power of technology and digital trade for Africa’s economic future. Nigeria’s Federal Ministry of

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