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[Presidency Nigeria @NGRPresident]

Abuja International Conference Centre, Renamed In President Tinubu's Honour, As He Mandates Payment For Its Use

[O'tega Ogra @otegaogra]

DAILY TELEGRAPH (UK): Nigeria’s reforms have put the country on the global economic map

- Abdul Samad Rabiu - 07 June 2025 3:58pm BST

As my country steadies itself, Britain, its Western allies and their companies should deepen this partnership.

As ghosts of the 1930s haunt the global outlook, the scramble for trade deals has seized control of government agendas. The United States has leveraged its “tariff war” to secure better terms, driving both friend and foe to the negotiating table. British deals with the US and India have provided some refuge from the prevailing gloom.

Less reported – but with similar potential – was last year’s signing of the Enhanced and Trade and Investment Partnership (ETIP) between the UK and Nigeria , the former’s first such agreement with an African nation. Quiet in its arrival, the pact may yet echo louder.

As someone who has built multinational businesses across Africa, I know the vast opportunity the continent offers, and Nigeria in particular, which alone accounts for a fifth of sub-Saharan Africa’s 1.2 billion people. But I also understand the limitations we have often placed on ourselves when it comes to securing investment.

Lowering barriers to trade is crucial, and for that Britain’s ETIP looks prescient. However, investment and business potential will remain discounted as long as African nations cling to state intervention – from subsidies and price controls to exchange rate distortions – all of which have consistently bred dysfunction and economic instability. Fortunately, Nigeria has now decisively turned a corner, embracing market economics under a liberalising government.

In Morocco this week, Foreign Secretary David Lammy indicated Britain’s position is shifting too. Setting out his strategy for Africa, he said British policy must transition from aid to investment. “Trade-not-aid” is no new idea – but it is the first time a British government has so clearly echoed the demand the African continent has voiced for years.

In making that shift, Nigeria is taking the lead for a continent to follow. So many Nigerian administrations I have known have been hostage to economic events, doubling down time and again on state intervention rather than having the conviction to reform. This administration is proving different. After two years of difficult reforms, Nigeria – under President Bola Tinubu – is now poised to fulfil the promise of its vast natural resources, rapidly growing population of over 200 million people, and strategic coastal location along the Gulf of Guinea.

First, the Tinubu administration removed a crippling fuel subsidy – the most significant policy reform in years. At 25 to 30 cents per litre, petrol in Nigeria was among the cheapest in the world. But the subsidy was bankrupting the government: by 2023, it consumed over 15 per cent of the federal budget – roughly equivalent to the proportion the UK spends annually on the NHS.

When President Tinubu ditched the fuel subsidy on his first day in office, criticism quickly followed. Prices, at least for the time being, have risen. However, statistics must be understood in light of the wide-ranging distortions the subsidy created.

Officially, fuel consumption in Nigeria has dropped by 40 to 50 per cent. But that is not because Nigerians’ petrol use reduced by this amount. In reality the country was subsidising the region, with cross border fuel smugglers profiting from arbitrage. The illegal trade was so blatant that on a visit to neighbouring Niger a few years ago, then-President Mohamed Bazoum even joked about it, thanking Nigeria for the cheap fuel. Though the move was politically unpopular, the subsidy had become unsustainable. Now, spending is being redirected toward development and infrastructure – laying the foundations for long-term growth.

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[O'tega Ogra @otegaogra]

@DrJoeAbah @Shamsuddeen_SSR Dr., this should be framed. @DrJoeAbah

[Dr Joe Abah, OON @DrJoeAbah]

If you have an opportunity to serve in government and you are not the ultimate authority, do not make the mistake of thinking that the person that sent you on an errand necessarily wants you to arrive where he sent you. If you do, you’ll leave government bitter.

Put in your best but manage your expectations. Even when your boss is not sincere, do the right things that will make it difficult for him to undo your work but don’t expect that everything will change overnight. Don’t overestimate yourself. No matter who you are, you are just a small cog in a very big wheel. Be humble.

Sometimes, things actually get worse before they get better. It happens like that sometimes. If you want to change institutions (the way things are done in a society), you need to be prepared for the long game.

Don’t go brandishing chainsaws unless you are the Number 1 citizen. Even the Number 1 citizen must still negotiate with the legislature and carry the judiciary along. He also needs to win the hearts and minds of citizens. It is not like private business.

Serving your country is a privilege, not a right. No matter how qualified you are, there is always someone else who can do what you’ve been appointed to do. Again, be humble. If you can’t, go and stand for elections yourself!

I am Ezemmuo. I know things.

[Presidency Nigeria @NGRPresident]

LIVE: VP @KashimSM commissions AMCE Abuja → https://t.co/05V8P0pbUL

The African Medical Centre of Excellence (AMCE), developed by @afreximbank in partnership with King’s College Hospital, London, is a landmark leap in healthcare, built in Nigeria, for Africa and the world.

Location: Abuja, Nigeria

Specialties: Oncology, Haematology, Cardiovascular Care

Research & Trials: Cutting-edge stem cell, nuclear medicine & diagnostics

Impact:
– 3,000+ jobs
– capacity for 350,000+ patients in 5 years
– Africa’s largest stem cell lab
– First 18 MeV Cyclotron in West Africa and Africa’s largest stem cell lab.
– Staffed by local healthcare talent and global African Healthcare talent
– Medical & Nursing school for future African health leaders

AMCE is purpose-built to provide world-class healthcare services in Africa, reverse medical tourism, reverse the brain drain in the health sector, and empower African excellence in healthcare.

#AMCE #HealthcareInAfrica #MadeInAfrica #Afreximbank #NewNigeria #AfricanExcellence

[Farmer Akin Alabi® @akinwale_cfi]

You can support my works through buying The Rise of Digital Book on selar so we can continue to add more value to the agricultural sector
Thank you 🙏
cc: @akinalabi @woye1 @otegaogra @Omojuwa

https://t.co/jP3lbM4WUW

[Usman Ishaq Shehu @UIShehu_]

Nigeria Achieves Three-Year Streak Without Maritime Terrorism – NIMASA DG

In a remarkable display of improved maritime security, Nigeria has recorded zero incidents of terrorism in its territorial waters over the past three years. This was revealed by Dr. Dayo Mobereola, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), during a recent interview with Otega Ogra @otegaogra, Senior Special Assistant to the President on Digital Media.

“Nigeria has not recorded a single act of terrorism in its territorial waters in the last three years,” Dr. Mobereola stated, emphasizing the impact of sustained government efforts to secure the nation’s maritime domain.

This milestone underscores the success of key national initiatives such as the Deep Blue Project, enhanced naval patrols, and greater synergy among maritime security agencies. It also reflects growing international confidence in Nigeria’s waters, once considered a global hotspot for piracy and maritime crimes.

The achievement is not only a boost to national security but also a strong signal to investors, shipping companies, and international partners that Nigeria is serious about protecting its blue economy and ensuring safe passage for vessels within its territorial waters.

With continuous investment in surveillance technology, intelligence sharing, and capacity building, NIMASA remains committed to maintaining and improving this security record in the years ahead.

#NimasaUnfiltered #MaritimeSecurity #DeepBlueProject #BlueEconomy #NigeriaAtSea #NIMASA

[Temitope Ajayi @TheTope_Ajayi]

A VATICAN STORY

By Bayo Onanuga

President Bola Tinubu, Mr Peter Obi, the Labour Party Presidential candidate, and former Ekiti governor Kayode Fayemi met at Pope Leo XIV's installation mass on Sunday in Rome.

Fayemi sighted President Tinubu, where he sat with other leaders and asked Obi to follow him to pay homage to the Nigerian leader. Obi agreed.

On getting to the President, Fayemi broke the ice between Obi and Tinubu. He said:

“Mr. President, welcome to our church, and thank you for honouring the Pope with your presence.”

President Tinubu, ever quick-witted, responded: “I should be the one welcoming you and Peter. I’m the Head of the Nigerian Delegation”.

The President’s response cracked up Obi, who agreed with the President.

Obi said: “Yes, indeed. We are members of your delegation”.

Peter Obi and Fayemi are staunch Catholics and Papal knights.

[batbloggerorganization @batbloggersorga]

@otegaogra @Lordpio01 @harreceipts @EmirSirdam @RBiakpara @TheSerahIbrahim @FinPlanKaluAja1 @aonanuga1956 The are losers

[O'tega Ogra @otegaogra]

You and your cohorts did this disinformation thing all through the electioneering period and still lost. Well, that's politics and its understandable that there will be winners and losers.
However, attemps at manipulating a video so it loses context is just gross and silly. I wish you the best and pray you find better, productive use of your 2k data this Sunday.
Amen

[O'tega Ogra @otegaogra]

@DSegaj @toyinsubi @officialABAT @realFemiOtedola @hmokunola_ @STinubu Not politics. Protocol.

[O'tega Ogra @otegaogra]

Thank you for the feedback. Any error in the above is mine.

Nevertheless, Pope Leo XIV is no stranger to Nigeria, having visited the country approximately nine times in the past. His most recent visit was scheduled for July 2025 for the ordination of new priests of the Augustinian order, as stated by Emmanuel James Voviyere, the Province Secretary of the Augustinian Province of Nigeria. However, his elevation to the papacy has since changed those plans.

[O'tega Ogra @otegaogra]

Pope Leo XIV officially began his papacy today, a moment marked by a special mass attended by world leaders. Among those present was our own President Bola Ahmed Tinubu, who was spotted in a well-tailored peak lapel suit (first row, second column, and third from the left in the fourth picture below).

May God guide and bless His Holiness the Pope as he embarks on his pontificate.

🐅

[Toyin Subair @toyinsubi]

The queue to say hello to the President of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu, Jagaban Borgu and the shackles breaker 🇳🇬 @officialABAT @otegaogra @realFemiOtedola @hmokunola_ @STinubu

[batbloggerorganization @batbloggersorga]

@toyinsubi @otegaogra @officialABAT @realFemiOtedola @hmokunola_ @STinubu I can see our online president 😭😭 standing

[Bola Ahmed Tinubu @officialABAT]

Today, at the Vatican, upon the personal invitation of His Holiness Pope Leo XIV, I joined world leaders and millions of Catholics in witnessing the beginning of a new papacy.

Pope Leo XIV’s humility, history with Nigeria, and message of peace remind us of the moral leadership the world desperately needs.

As a nation of deep faith and great diversity, Nigeria remains committed to building bridges across belief, race, and continent—for peace, for progress, and for all of humanity.

May the Almighty guide the Holy Father and strengthen all who labour for a more just and compassionate world.

~ PBAT

[Government of Nigeria @NigeriaGov]

BPP Announces the Newly Revised Public Procurement Thresholds to Reflect Current Economic Realities

@BPP_NG

[Presidency Nigeria @NGRPresident]

President Bola Tinubu arrives in Rome for the inauguration of Pope Leo XIV.

.@officialabat

#PBATatTheVatican

[Bayo Onanuga, OON, CON @aonanuga1956]

Inflation rate declines in April: Harbinger of better things to come: NBS report

In April 2025, the headline inflation rate eased to 23.71% relative to the March 2025 headline inflation rate of 24.23%. Looking at the movement, the new inflation rate showed a decrease of 0.52% compared to the March 2025 Headline inflation rate.

On a year-on-year basis, the Headline inflation rate was 9.99% lower than the rate recorded in April 2024 (33.69%). This shows that the Headline inflation rate (year-on-year basis) decreased in April 2025 compared to the same month in the preceding year (i.e., April 2024), though with a different base year, November 2009 = 100.

Furthermore, on a month-on-month basis, the Headline inflation rate in April 2025 was 1.86%, which was 2.04% lower than the rate recorded in March 2025 (3.90%). This means that in April 2025, the rate of increase in the average price level is lower than the rate of increase in the average price level in March 2025.