President Bola Tinubu has assured Nigerians of their resolve to boost food production and reduce inflation on food and drugs to 15 per cent, while strengthening the economy in 2025.

In his New Year message to the nation, Tinubu highlighted economic growth indicators, including lower fuel prices, rising foreign reserves and a stronger Naira, as signs of progress in 2024 that would continue into 2025.

He stated, “Though 2024 posed numerous challenges to our citizens and households, I am confident that the New Year will bring brighter days.

“Economic indicators point to a positive and encouraging outlook for our nation. Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters.

“Foreign reserves have risen, and the Naira has strengthened against the US dollar, bringing greater stability.”

The President said Nigeria’s stock market’s record growth had generated trillions of naira in wealth, adding that the surge in foreign investment reflected renewed confidence in the country’s economy.

Nevertheless, the cost of food and essential drugs remained a significant concern for many Nigerian households in 2024.

He acknowledged persistent inflation and rising costs of essentials, vowing to intensify efforts to reduce inflation from 34.6 per cent to 15 per cent through reforms aimed at boosting food production and encouraging local manufacturing of drugs and medical supplies.

“In 2025, our government is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies.

“We are resolute in our ambition to reduce inflation from its current high of 34.6 per cent to 15 per cent.

“With diligent work and God’s help, we will achieve this goal and provide relief to all our people,” said the President.

For the New Year, Tinubu promised to consolidate further and increase access to credit for individuals and critical sectors of the economy to boost national economic output.

“To achieve this, the Federal Government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.

“The company—expected to start operations before the end of the second quarter—is a partnership of government institutions, such as the Bank of Industry, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance Incorporated, the private sector, and multilateral institutions.

 

“This initiative will strengthen the confidence of the financial system, expand credit access and support under-served groups such as women and youth. It will drive growth, re-industrialisation, and better living standards for our people,” he assured citizens.

President Tinubu called on governors and local councils to align with federal agricultural and tax reforms to seize economic opportunities.

“Let me use this New Year’s message to urge our governors and local council chairpersons to work closely with the central government to seize emerging opportunities in agriculture, livestock, and tax reforms and move our nation forward,” he appealed.

Tinubu commended governors who embraced the FG’s Compressed Natural Gas initiative by launching CNG-propelled public transport. He congratulated those who also adopted electric vehicles as part of the administration’s national energy mix and transition, saying, “The Federal Government will always offer necessary assistance to the states.”

Tinubu stressed the importance of national unity and ethical values as part of the Renewed Hope Agenda.

Therefore, he announced plans to unveil a National Values Charter in Q1 2025, alongside a national orientation campaign to promote patriotism and shared values.

In 2025, the President said his government would commit to promoting adherence to ethical principles, shared values and beliefs under the National Identity Project.

 

He announced, “I will unveil the National Values Charter, already approved by the Federal Executive Council, in the first quarter of 2025.

“I will launch an ambitious national orientation campaign that fosters patriotism and love for our country and inspires citizens to rally together.

“The Charter will promote mutual commitments between the government and citizens and foster trust and cooperation among our diverse population and between the government and the citizens.”

He argued that as far-reaching and foundational as the FG’s reforms were, they could produce the desired outcomes only through shared common values and identities and unconditional love for our country.

He also added that the Youth Confab he announced last October would begin in the first quarter of 2025, saying it is “a testament to our commitment to youth inclusiveness and investment as nation-builders.”

“The Ministry of Youth will soon announce the modalities for selecting the conference’s representatives from our diverse, youthful population,” the President noted.

Expressing confidence in Nigeria’s economic trajectory, Tinubu reaffirmed his commitment to reforms aimed at achieving a $1tn economy.

“We are on the right path to building a great Nigeria that will work for everyone.

“Let us not get distracted by a tiny segment of our population that still sees things through the prisms of politics, ethnicity, region, and religion,” he declared.

Tinubu concluded by thanking the citizens for their sacrifices and support, assuring them that 2025 would mark significant progress towards the nation’s aspirations.

He said, “On a personal note, thank you for placing your confidence in me as your President. Your trust humbles me, and I promise to continue serving you diligently and wholeheartedly.

“I seek your cooperation and collaboration at all times as we pursue our goal of a one trillion-dollar economy. Let us stay focused and united. To all citizens, your sacrifices have not been in vain over the past 19 months.

“I assure you they will not be in vain even in the months ahead. Together, let us stay the course of nation-building. As we enter 2025, I wish everyone a happy and prosperous New Year. May you be rich in joy, success, and good health. By the grace of God, 2025 will be a year of great promise in which we will fulfill our collective desires.”

Meanwhile, the Peoples Democratic Party urged President Tinubu to take urgent action to address the escalating insecurity, fuel shortages and the food crisis as the country enters the New Year.

 

This was as it accused the President of pursuing empty rhetoric, false promises and unproven claims since May 2023 without real action to quell insecurity, improve the economy, create jobs, ensure credible elections or raise living standards for Nigerians.

In a statement signed by its National Publicity Secretary, Debo Ologunagba, the PDP called for swift and active measures to tackle these challenges facing Nigerians.

The statement read in part, “The Peoples Democratic Party (PDP) congratulates Nigerians on the dawn of the year 2025 and charges President Bola Ahmed Tinubu not to taint the New Year with an address that will not proffer immediate and concrete steps to reduce the price of fuel, address widespread hunger and provide clear-cut measures to guarantee security of lives and property in the country.

“This position by the PDP is predicated on the fact that previous addresses by Mr. President in the last 18 months dwelt only on hopeless rhetoric, unsubstantiated statistics, false promises, conjured performance claims and validation of flawed elections without concrete mechanisms to address insecurity, resuscitate the economy, create jobs, ensure credible elections and guarantee better living standard for Nigerians.

“The PDP maintains that President Tinubu must speak to the issues of unbridled corruption, deceit, budget padding, reckless and wasteful spending directed to fund luxury appetite of APC leaders, insensitivity to the pains of citizens and total disregard to the obligation of government, which has made life unbearable for Nigerians under his watch.”

The main opposition also urged Tinubu to account for the billions of naira reportedly generated from the removal of subsidy on petroleum products.

It continued, “Furthermore, Mr. President should come clean on his public commitment to fight corruption by ordering an investigation and recovery of the over N25tn reportedly stolen by APC leaders and officials in government who have turned government agencies to Automated Teller Machines to siphon funds for their benefit while other Nigerians wallow in abject poverty, hunger and starvation.

 

“Equally worrisome is the failure of the APC government to revisit and address the reported cases of alleged state-backed killings in various parts of the country, particularly the 2020 EndSars killings and inhuman denial of the massacre of promising Nigerian youths in that sad and repulsive incident.

“The last 18 months have been the most excruciating period to Nigerians since the Civil War, with citizens now resorting to suicide and slavery missions abroad due to the hopeless situation foisted by the anti-people policies of the suppressive, exploitative and insensitive APC government, which continues to reject every appeal and suggestion for review of such policies.

“More disheartening is that while Nigerians die of hunger and insecurity, APC leaders and officials in government continue to flaunt their luxury appetite and lifestyle in utter disdain for the feelings of millions of impoverished citizens.”

The PDP also warned the APC-led government against carrying its old attitude into 2025, as that would intensify citizens’ frustration and dissatisfaction.

The party encouraged Nigerians to stay hopeful for the country’s future, remain law-abiding and approach 2025 with optimism.

It also urged citizens to remain committed to defending the nation’s constitutional democracy, upholding the Rule of Law and demanding greater transparency and accountability from the government.

The Bola Ahmed Tinubu-led government has officially submitted extradition requests to Finland for Simon Ekpa, a pro-Biafran agitator.

General Christopher Musa, the Chief of Defence Staff, made this known.

 

The confirmation was made during an interview on Channels Television on Tuesday.

General Musa revealed that all required legal and procedural documents have been sent to Finnish authorities for consideration.

The extradition request is part of Nigeria’s broader efforts to address Ekpa’s alleged involvement in inciting unrest, promoting terrorism, and pushing for secessionist activities in the country.

Discussing Ekpa’s arrest, General Musa remarked, “Well, I’m sure he’s cooling off somewhere,” during Channels Television’s 2024 Year-In-Review program on December 31, 2024.

He added, “Legal action will be taken accordingly. I don’t want to say too much, but I’m glad he’s been arrested. The Federal Government has provided most of the required documentation to the Finnish Government, so I’m confident the right steps will be taken.”

Recall that Ekpa was arrested in November 2024 by Finnish authorities, alongside four others, on suspicion of terror-related offenses, including incitement to violence and terrorism financing.

Following his arrest, the Lahti District Court in Finland ordered his detention based on evidence of public incitement to commit a crime with terrorist intent in Nigeria.

The separatist leader is accused of leveraging social media platforms to propagate separatist ideologies and advocate for violent secession in southeastern Nigeria.

 

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HAPPY NEW YEAR 2025


 

The Lord will go before us as we step into 2025.
 
Congratulations all!
 
Last modified on Wednesday, 01 January 2025 01:02

The small Pacific island nation of Kiribati has once again taken center stage as the first country to usher in the New Year.

Kiritimati Island, also known as Christmas Island, celebrated the arrival of January 1, 2025, with jubilant festivities as the clock struck midnight earlier today.

 

Located in the central Pacific Ocean, Kiritimati operates 14 hours ahead of Greenwich Mean Time (GMT) and 8.5 hours ahead of India.

 
 

This significant moment marks the start of global New Year’s celebrations, with Kiribati leading the world into 2025.

The island’s residents welcomed the fresh dawn with lively fireworks displays, upbeat music, and communal gatherings that filled the air with joy and anticipation.

Meanwhile, New Zealand also joined in as one of the first major nations to ring in the New Year.

At 11:00 GMT, cities like Auckland and Wellington lit up the night sky with spectacular fireworks displays.

Auckland’s iconic Sky Tower became the focal point of the celebrations, dazzling onlookers as it erupted in a blaze of colorful pyrotechnics.

The festivities in New Zealand unfolded 13 hours before London’s Big Ben would toll to announce 2025 and 18 hours ahead of New York’s iconic Times Square ball drop.

Across New Zealand, crowds gathered to marvel at the displays, share champagne toasts, and revel in the celebratory atmosphere.

Last modified on Tuesday, 31 December 2024 16:41

The Deputy Chairman, House Committee on Petroleum Resources (Downstream), Hon. Aliyu Mustapha Abdullahi has said that the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Mele Kyari is positioning Nigeria to be a self-reliant and globally competitive player in the petroleum space with restreaming of the Warri and Port Harcourt refineries in about a month.

Abdullahi who is the Member Representing Ikara/Kubau Federal Constituency, Kaduna State, made the remark as part of reaction to the restart of the Warri Refinery and Petrochemical Company on Monday, October 30, 2024.

The state-owned energy giant, NNPC Limited announced the resumption of the 60,000 Barrels per day refinery in Warri.

The development comes barely a month after 210,000 barrels per day Port Harcourt Refinery began trucking out of products.

The Warri Refinery is designed to produce and store Straight Run Kerosene (SRK), Automotive Gas Oil (AGO), and heavy and light Naphtha.

The Crude Distillation Unit (CDU) of the refinery restarted on Saturday, December 28, 2024, at 12:25 PM.

 

Reacting, the House Committee Deputy Chairman on Downstream expressed delight on the successful reopening of the Warri Refinery.

 

Abdullahi said, “This outstanding achievement highlights the diligence, dedication, and strategic foresight of the Nigerian National Petroleum Company Limited (NNPCL) under your exemplary leadership.”

The lawmaker attributed the restreaming of two formerly moribund refineries to the efforts of the Group Chief Executive Officer of the NNPCL, Mele Kyari.

According to Abdullahi, “Revitalising critical infrastructure within our oil and gas sector is no small feat, and the reopening of this refinery is a testament to your commitment to ensuring Nigeria’s energy sufficiency and industrial growth.

“It is inspiring to see such tireless efforts bearing fruit, laying the foundation for a more robust and sustainable petroleum industry. Your team’s hard work to restore our nation’s refining capacity is truly commendable.”

He said Kyari is positioning Nigeria’s oil and gas sector to be a global leader in the energy ecosystem.

He added, “I am confident that, with your continued leadership, NNPCL will remain on course to fully rehabilitate all remaining refineries, positioning Nigeria as a self-reliant and globally competitive player in the petroleum space.

“Congratulations once again on this significant milestone. I look forward to witnessing further successes as you work toward transforming the sector and advancing our nation’s economic development.”

The Vice-Chairman

Federal Competition and Consumer Protection Commission, FCCPC  

Abuja

Dear Sir.

 SOS ON MASSIVE EXTORTION OF CUSTOMERS BY IKEJA ELECTRIC DISTRIBUTION COMPANY, IKEDC

This is to formally alert and seek your urgent intervention on the rampaging extortion drive by the above mentioned company.  

As the sole supplier of electricity in Ikeja where I live in government quarters, IKEDC recently began to deactivate the UNISTAR PRE-PAID METERS SERVING RESIDENTS OF LASG QUARTERS at 47 Sobo Arobiodu Street, Ikeja GRA..  The deactivation continued after the Federal Competition and Consumer Protection Commission, FCCPC, warned IKEDC against activities on the UNISTAR meters.( https://guardian.ng/news/respect-directives-on-obsolete-meters-fccpc-warns-discos/; https://thenigerialawyer.com/ikedc-ekedc-cannot-replace-unistar-meters-without-compliance-fccpc/)

What they do is await the exhaustion of the running credits on meters, allow customers to re-charge their cards but ensure they are not able to reload. Once this happens and you report back with your complaints, they would tell you that your meter is bad and due for replacement and that they have new meters in abundance. They would convince you to allow the retrieval of the UNISTAR meter.

Once the customer begins to feel that his hope is merely hanging, the customers  would be compelled to make desperate request for reconnection and they would deceitfully reconnect you but that would make customers pay through their nose.  In the past, customers like me whose monthly consumption hardly exceeded N50,000 following the banding regime had been summarily billed as much as N270,000. Fellow residents of government quarters have had to complain to me on their helplessness and their dramatic bankruptcy on account of this arbitrary billing.

In my own case specifically, my meter was retrieved on Dec 27, 2025 after recharging with N25,000 but failing to reload following their treacherous deactivation. Against my stated position that I was aware of the FCCPC directive to them, they insisted that should  immediately  apply online for a new meter reiterating that they had new meters in abundance but that I would have to pay N120,000.  For fear of wasting all the foods stocked up in the house and to also avoid being slapped with any humongous arbitrary bill, I went to their office to follow up. The response from their customer care operatives at the Ikeja Office was that their portal was down implying that all processes of new meter application had been stalled and therefore arbitrary billing would continue for as long as the portal was down.

I therefore seek your immediate intervention from the shenanigan of IKEDC to stall their onslaught against lawful customers. If they have the effrontery to subject LASG employees living in government quarters to this embarrassing situation, one can imagine what helpless private citizens are being subjected to by IKEDC.

Sincere thanks as I await your immediate intervention for a new meter.

 

Tunde Akanni

Associate Professor, Faculty of Communication and Media Studies, FCMS.

 

 

 

President Bola Ahmed Tinubu extends his deepest condolences to the government and people of the United States of America on the passing of former President Jimmy Carter, who died at the age of 100.

President Carter, the 39th President of the United States, was a beacon of service to humanity, demonstrating to leaders worldwide the profound impact of dedication beyond the highest office.

As a Nobel Peace Prize Laureate and global statesman, President Carter devoted his post-presidential life to the causes of peace, democracy, and the eradication of tropical diseases. His unwavering commitment to these noble pursuits has left an indelible mark on the world.

"President Carter showed us all how to remain relevant and impactful after leaving the esteemed position of President of the United States," remarked President Tinubu.

"He tackled the challenges the developing world faced, from combating diseases to mediating conflicts and promoting democratic values. He exemplified grace, dignity, and a profound respect for humanity."

President Tinubu fondly recalls President Carter as a trustworthy and compassionate friend to Nigeria. He lauds Carter's significant contributions through The Carter Center, particularly his efforts in eradicating Guinea worm disease and river blindness in Nigeria, which have significantly improved the lives of many Nigerians.

Reflecting on Nigeria-U.S. relations, President Tinubu nostalgically remembers President Carter's historic visit to Nigeria in March 1978 and his three-day stay at the State House in Marina, Lagos State. Under Carter's leadership, this visit marked a pivotal moment in U.S. foreign policy. It laid the groundwork for a pragmatic relationship between the United States and Africa, with Nigeria at its heart.

President Tinubu expresses hope that President Carter's legacy of decency, character, and humanity, both in and out of office, will continue to inspire Americans and leaders worldwide to embrace the true essence of leadership.

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

 

 

 

 

 

 

 

 

 

 

 

The Nigerian National Petroleum Company Limited (NNPCL) has said that President Bola Tinubu does not interfere in its operations, or influence movements within it.


NNPCL argued that: “Employment, promotions, appointments, and movements of business leaders at the NNPC are not influenced by ethnicity, tribe, religion, or political affiliation.”


Chief Corporate Communications Officer of the NNPCL, Olufemi Soneye, stated these in a statement issued yesterday in response to the article, “Tinubu’s Buharisation of the NNPC” authored by Prof. Farooq Kperogi.


According to him, decisions within the NNPCL “are guided strictly by merit, business requirements, and expertise.”
Kperogi had in his article criticised what he called “Tinubu’s relentless Yorubacentric take-over of the Nigerian National Petroleum Company (NNPC)” alleging that “Yoruba people now occupy major positions at the NNPC and that a certain (person) is ‘being proposed as GMD after Mele Kyari’s term expires early next year.”


But Soneye in a statement said Kperogi’s article was full of misconceptions about the operations and leadership structure of the company.
He explained that NNPCL focused on efficient and effective service delivery, anchored on the commitment of qualified work team.

 


He also clarified that that President Tinubu did not interfere in the operations or leadership movements within the NNPC.
“On the contrary, his administration has introduced transformative policies that have added immense value to the oil and gas sector and the broader Nigerian economy.


“President Tinubu’s approach has been to empower institutions like the NNPC to operate independently while fostering a conducive environment for growth and innovation. His reforms have set a benchmark that has significantly improved the sector, surpassing the achievements of many of his predecessors,” he said.


The NNPC spokesman emphasized that the company is a professional organisation with a diverse leadership lineup that includes individuals from various parts of the world, not just Nigeria.
“The presence of qualified foreigners in the employ of the NNPC, who have been bolstering the value chain of production and distribution of allied products, is verifiable.


“It is, thus, sad that a professor of Mr Kperogi’s standing would resort to and play up the issue of ethnic identities in the configuration of the work team in NNPC just to demonise President Tinubu,” he said.
He stated that under the leadership of Mele Kyari, the NNPCL has achieved remarkable milestones and recorded several “firsts” in the industry.

 


“These milestones were not defined, coloured or contoured by primordial fault-lines of tribe and religion. They were inspired by the collective drive for excellence. These milestones include groundbreaking advancements in exploration, production, and global partnerships that were previously thought unattainable. This success is a testament to the company’s focus on competence and professionalism rather than on parochialism as insinuated in the editorial offerings by Mr. Kperogi,” he said.

The National Hajj Commission (NAHCON) has released list of approved tour operators for the 2025 Hajj.

This was contained in a statement from the Commission’s Assistant Director Information and Publications Division, Fatima Sanda Usara, on Friday.

 

Usara advised all tour operators and members of the public to check the commission’s website. NAHCON spokesperson warned the general public against transacting business with unlicensed tour operators.

 

“Sequel to application and thorough screening of Tour Operator Companies that applied for the 2025 Hajj and Umrah Operations, the National Hajj Commission of Nigeria is happy to announce the list of successful companies as approved by the Chairman Professor Abdullahi Saleh Usman.

“After the screening, 118 Private Tour Operators qualified for the License. The 10 lead companies were selected along three zones namely four from Kano zone, three from FCT zone and three from Lagos. The ten lead companies are selected in compliance with Saudi Arabian directives,” the statement read.

The commission further advised Nigerians who will be traveling for the 2025 Hajj to observe all safety measures as directed.

Always wear your identification, listen to announcements and obey the instructions of Police and security personnel to ensure safety.

“Follow designated pathways and time slots for rituals, particularly during the stoning of the Jamarat, to avoid stampedes, heatstrokes and dehydration.

“Stay hydrated by drinking a lot of water and rest under shaded areas to avoid heat-related illnesses.

“Know the locations of medical facilities, carry your medications, practice good hygiene and wear comfortable footwears to avoid injuries and strain due to long standing and walks.

“Avoid purchasing from street vendors and unidentified sources.

China’s central bank yesterday revealed that it has renewed a bilateral currency swap agreement with the Central Bank of Nigeria (CBN) as part of efforts to boost trade between both countries.


The total value of the agreement was N3.28 trillion (15 billion yuan or about $2.09 billion), China’s Xinhua News quoted the People’s Bank of China to have revealed this in a statement on its website.


The agreement is valid for three years and could be renewed upon mutual consent, according to the statement.
It said that the renewal of the currency swap arrangement would strengthen financial cooperation between China and Nigeria, expand the use of the two currencies, and promote and facilitate bilateral trade and investment.


The currency swap agreement was signed by both countries in 2018, when Mr. Godwin Emefiele was the CBN Governor.


The transaction was aimed at providing adequate local currency liquidity to Nigerian and Chinese industrialists and other businesses, thereby reducing the difficulties encountered in the search for third currencies.  Among other benefits, the agreement was expected to provide naira liquidity to Chinese businesses and provide RMB liquidity to Nigerian businesses respectively, thereby improving the speed, convenience and volume of transactions between the two countries.


It was also expected to assist both countries in their foreign exchange reserves management, enhance financial stability and promote broader economic cooperation between the two countries.


Vice-President Kashim Shettima recently expressed satisfaction with the continuous increase in the volume of trade between Nigeria and China, saying it was one of the highest in Africa.


He had therefore called for constant improvement of relations between the two nations, maintaining that the two countries are friends that have sustained mutual respect and honour for each other.

 


Shettima made this known when he played host to a delegation from China led by the Vice-Chairman of the Standing Committee of the National People’s Congress, Mr. Zhang Qingwei, recently.


Expressing satisfaction with the volume of trade between Nigeria and China, the vice-president had said: “Last year in 2023, our trade relations with China got to $22.6 billion, one of the highest in Africa, if not the highest, and that trade relationship is growing by 33 percent every year.

“Mind you, the Nigerian economy is picking up but that did not stop our business relationship with China. So, I want to reassure you that we will support you in whatever way we can. We believe in you, we respect you and we cherish our relationship.”