Sulaimon Lukmon

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

Congratulations to the entire Ogun State Chapter of the City Boy Movement on the official commissioning of its new Secretariat.

This is another important milestone in strengthening the movement’s structure and presence across the state. I commend the leadership and members of the Ogun State Chapter for their dedication and commitment to building a stronger and more organised movement.

I also appreciate Senator Solomon Olamilekan Adeola CON (Yayi) (@Sen_AdeolaYAYI), the Director-General of the City Boy Movement, the Ogun State Executives ably led by Lateef Adegboyega PhD, Rinsola Abiola (@RinsolaAbiola), and all invited guests for their presence and support.

Wishing the Ogun State Chapter greater growth, unity and success as we continue to build together.

Congratulations once again!

— Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties to President Bola Ahmed Tinubu

[OGCityboyMovt @cityboymovt_og]

When great leaders come together, the energy is unmatched.

Our Patron, @KamorYusuf, and Director, @Sulaimo22757230 , The unstoppable force powering the CITYBOY Movement Ogun State forward.

[OGCityboyMovt @cityboymovt_og]

The arrival of our State Patron, @KamorYusuf, Personal Assistant to the President of the Federal Republic of Nigeria on special duties, alongside our State Director, Alh. @Sulaimo22757230, @ the venue of our Empowerment Programme and the official commissioning of our Secretariat.

[Francis Shoga @shoga_francis]

Ogun State was agog today as we officially inaugurated the State Executives of the City Boy Movement and commissioned our State Secretariat (@cityboymovt_og) in Abeokuta.

In my address, I charged the new executives to see this not as a title but as a call to serve. I told them our task is to take this movement to all 20 Local Government Areas, engage young people where they are, and build a disciplined, grassroots structure that will mobilize massively for the re-election of President Bola Ahmed Tinubu in 2027.

I sincerely appreciate the Deputy Governor of Ogun State, Her Excellency Engr. Noimot Salako-Oyedele, (@NoimotOyedele) who represented His Excellency Governor Dapo Abiodun (@DapoAbiodunCON), for her inspiring remarks and passionate support for the Movement.

I also thank Senator Solomon Olamilekan Adeola (Yayi), @Sen_AdeolaYAYI our APC gubernatorial candidate, for highlighting President Tinubu's tangible impact in Ogun State - from the $7 billion Olokola Port MoU, to new federal universities and the Federal University of Medical Sciences. I must say, their presence and words gave us renewed energy and direction.

I specially commend our Ogun State Patron and Personal Assistant to the President on Special Duties, Alhaji Kamorudeen Yusuf (@KamorYusuf), for his firm leadership and sacrifice for this Movement in Ogun State.

I also thank our national leadership, members of Ogun State Executive Council, our support groups, and the great Nigerian students who turned out in large numbers for your unbroken dedication and commitment.

Together, we will deliver #TinubuYayi

— Tosin Shoga

[OGCityboyMovt @cityboymovt_og]

The energy at our Empowerment Programme and the official commissioning of our Secretariat went through the roof the moment Ogun State @OfficialAPCNg Governorship Candidate, @Sen_AdeolaYAYI, arrived!

The crowd was fired up, the cheers were loud, and the atmosphere was electric!

[OGCityboyMovt @cityboymovt_og]

Our Secretariat has been officially commissioned by our Director-General, @shoga_francis , National Secretary, Tosin Odufuwa, State Patron, @KamorYusuf , State Director, @Sulaimo22757230 , alongside other leaders and members of the movement.

#CBMinOgun
#RenewedHope
#PBAT2027

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

A reminder to myself and to every soul: life is temporary, but our deeds are not.

One day, we will stand before Allah with nothing but what we have done. May we live with sincerity, fear Allah in our dealings, avoid ظلم and cruelty, and always remember that accountability is certain.

May Allah grant us the wisdom to do what is right while we still have the opportunity. Ameen.

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

FG APPROVES ₦438BN ROAD PROJECTS, WITH MAJOR INVESTMENTS IN OGUN

The Federal Executive Council has approved about ₦438 billion for road construction and rehabilitation projects across Nigeria, alongside major trailer park and highway concessions.

Ogun State is a major beneficiary, with ₦54.12 billion approved for the rehabilitation of the Abeokuta–Iboro–Ilaro Road and ₦94.24 billion for the construction of the Ilara–Iselu Road, Phases II–V, bringing investments in the two Ogun projects to over ₦148 billion.

The approvals reflect the Federal Government’s continued commitment to strengthening road infrastructure, improving connectivity and supporting economic activity across the country.

— Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties to President Bola Ahmed Tinubu

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

INFLATION FALLS TO 15.43% AS PRICE PRESSURES EASE

Nigeria’s headline inflation rate declined to 15.43% in July 2026, down from 15.91% in June, according to the National Bureau of Statistics (NBS).

Month-on-month inflation also eased to 1.57%, signalling a moderation in the pace of overall price increases.

The decline is a positive development for Nigeria’s economic recovery and reflects continued progress in the government’s economic reforms, even as food inflation remains a key concern at 20.31% year-on-year.

— Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties to President Bola Ahmed Tinubu

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

PRESIDENT TINUBU APPROVES FRAMEWORK TO UNLOCK $50 BILLION IN DEEP OFFSHORE INVESTMENT

President Bola Ahmed Tinubu has approved a new investment framework aimed at unlocking up to $50 billion in deep offshore oil and gas investments and reviving major projects that have remained stalled for years.

The framework replaces project-by-project negotiations with clear, transparent and predictable investment rules, beginning with the approximately $10 billion Bonga South West project.

The reform is expected to attract long-term capital, increase oil production, create skilled jobs and strengthen Nigeria’s local oil and gas supply chains.

It will also promote greater Nigerian participation in engineering, fabrication, marine logistics, technical services and project management, positioning Nigeria as a regional hub for deep offshore development.

The framework, implemented through the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, gives investors greater certainty while ensuring Nigeria derives stronger long-term value from its resources.

Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties to President Bola Ahmed Tinubu

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

President Tinubu Approves Up to 80% Salary Increase for Armed Forces Personnel

President Bola Ahmed Tinubu has approved a new salary structure for members of the Nigerian Armed Forces, with pay increases ranging from 30% to 80% across all ranks, effective September 1, 2026.

Under the new structure:
• Privates to Staff Sergeants will receive an 80% salary increase.
• Colonels to Warrant Officers will receive a 50% increase.
• Brigadier Generals to Generals will receive a 30% increase.

The new package will benefit about 250,000 personnel and increase the Armed Forces’ annual salary bill from ₦660 billion to ₦924 billion, reflecting the Tinubu administration’s commitment to improving troop welfare, strengthening national security, and supporting those who defend the nation.

Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties to President Bola Ahmed Tinubu

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

FG Invests Over ₦1 Trillion in Tertiary Education in Two Years

The Federal Government has invested over ₦1 trillion in Nigeria’s tertiary education sector within the last two years to improve infrastructure, expand access, and strengthen institutional capacity.

According to the Minister of Education, Dr. Tunji Alausa, the investments include ₦250 billion for new student hostels, over ₦150 billion for rehabilitation of academic facilities, ₦130 billion for medical schools, ₦52 billion for modern medical equipment, nearly ₦30 billion for medical simulation laboratories, and about ₦110 billion for engineering workshops and equipment.

The investments are aimed at improving learning conditions, equipping students with industry-relevant skills, expanding access to quality higher education, and supporting research and innovation across Nigeria's tertiary institutions.

- Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties to President Bola Ahmed Tinubu

[OGCityboyMovt @cityboymovt_og]

CityboyMovement OGUN state SEC members with the state Director Dr. Sulaimon Lateef @Sulaimo22757230 at the ongoing National city boy movement @CityBoyMedia retreat in Abuja.

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

Nigeria’s Foreign Reserves Rise to $51.86bn, Highest Level Since 2009

Nigeria’s external reserves have climbed to $51.86 billion, reaching their highest level in over 17 years and surpassing the Central Bank of Nigeria’s 2026 projection ahead of schedule.

The sustained increase reflects stronger foreign exchange inflows, improved export earnings, rising investor confidence, and the positive impact of ongoing economic reforms. The stronger reserve position is expected to enhance exchange rate stability, strengthen Nigeria’s external buffers, and improve the country’s capacity to meet international obligations.

The milestone underscores the growing resilience of the Nigerian economy and the continued gains from the Tinubu administration’s reform agenda.

— Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties to
President Bola Ahmed Tinubu

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

S&P Raises Nigeria’s Rating for First Time in 14 Years

S&P Global Ratings has upgraded Nigeria’s sovereign rating from ‘B-’ to ‘B’, the country’s first rating upgrade by the agency in 14 years, while affirming a stable outlook.

The upgrade reflects growing confidence in the direction of the Nigerian economy under the Renewed Hope agenda of President Bola Ahmed Tinubu, particularly ongoing reforms in the foreign exchange market, improved fiscal revenue, stronger external reserves, increased domestic refining capacity, and sustained economic growth.

S&P highlighted Nigeria’s improving balance of payments position, rising oil production, expanding refining capacity led by the Dangote Refinery, and reforms aimed at strengthening revenue generation and reducing fiscal pressures.

The agency also noted that the administration’s commitment to market-driven reforms, exchange rate liberalisation, and subsidy removal is helping to restore investor confidence and improve macroeconomic stability.

This milestone further reinforces Nigeria’s path toward economic recovery, resilience, and long-term prosperity.

- Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties
to President Bola Ahmed Tinubu

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

Nigeria Launches $500 Million Annual Research and Innovation Fund

The Federal Government has approved the National Research and Innovation Development Fund (NRIDF), committing up to $500 million annually to research, science, and technology. Announced by Education Minister Dr. Maruf Tunji Alausa following a Federal Executive Council meeting, the Fund will bridge gaps in Nigeria’s research ecosystem by coordinating universities, research institutes, industry, and government around national development goals. It will support competitive grants, innovation infrastructure, commercialisation of research, and science and technology talent development.

The NRIDF will be supervised by the Federal Ministry of Innovation, Science and Technology, under a 17-member National Council on Research and Innovation chaired by the Vice President.

This landmark initiative is a direct reflection of President Bola Ahmed Tinubu’s unwavering vision to position Nigeria as a continental leader in knowledge, innovation, and sustainable economic transformation.​​​​​​​​​​​​​​​​

- Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties
to President Bola Ahmed Tinubu

[OGCityboyMovt @cityboymovt_og]

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[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

Fitch Affirms Nigeria’s ‘B’ Rating, Maintains Stable Outlook

Global ratings agency Fitch has affirmed Nigeria’s sovereign credit rating at ‘B’ with a Stable Outlook, citing continued progress in foreign exchange reforms, stronger reserves, and improving macroeconomic stability.

Fitch noted that Nigeria’s gross foreign reserves rose significantly to $49.4 billion by March 2026, up from $32 billion in April 2024, reflecting stronger external buffers and growing investor confidence. The agency also highlighted improvements in FX market normalisation, increased transparency in reserve management, and sustained reforms by the Central Bank of Nigeria.

The report projects Nigeria’s economy to grow by 4.1% in 2026, supported by relative FX stability, stronger oil receipts, improved domestic refining capacity, and expanding non-oil economic activity. Inflation is also expected to moderate further, continuing the disinflation trend already underway.

This affirmation underscores rising international confidence in Nigeria’s economic direction and validates the reform agenda of the administration of Bola Ahmed Tinubu, whose fiscal and monetary policies continue to strengthen macroeconomic resilience and long-term investor trust.

— Kamorudeen Yusuf, MBA
Personal Assistant on Special Duties
to President Bola Ahmed Tinubu

[Kamorudeen Olawale Yusuf (Kamosky) @KamorYusuf]

As an Ogun son, I am proud of the milestone achievements and laudable projects commissioned by our father, President Bola Ahmed Tinubu.