Nasiru Suwaid

I am a Nigerian, a student of jurisprudence & social psychology, a natural justice activist & a humble citizen of the world.

[Bayo Onanuga, OON, CON @aonanuga1956]

STATEHOUSE PRESS RELEASE

PRESIDENT TINUBU ATTENDS NATIONAL PREMIERE OF MKO DOCUMENTARY

President Bola Ahmed Tinubu, accompanied by his wife, the First Lady, Oluremi Tinubu, attended the national premiere of MKO, a documentary film by US-based filmmaker Ose Oyamendan.

The screening at the Wole a Soyinka Centre for Culture and Creative Arts was part of activities commemorating Nigeria's 66th Independence Anniversary.

The film chronicles the life, political struggle and enduring legacy of the late Chief Moshood Kashimawo Olawale Abiola and the historic June 12 pro-democracy struggle.

It recounts the events surrounding the annulment of the June 12, 1993 presidential election, widely regarded as a watershed in Nigeria’s democratic history, and the campaign by Nigerians and pro-democracy activists to restore democratic governance.

The gathering brought together senior government officials and other dignitaries, including Senate President Godswill Akpabio; Speaker of the House of Representatives Tajudeen Abbas; Chairman of the Nigeria Governors’ Forum and Governor of Kwara State AbdulRahman AbdulRazaq; Governor of Lagos State Babajide Sanwo-Olu; Governor of Ogun State Dapo Abiodun; Governor of Plateau State Caleb Mutfwang; and Chief of Staff to the President, Rt Hon. Femi Gbajabiamila.

Also in attendance were the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole; Minister of Water Resources and Sanitation, Engr Joseph Utsev; members of the National Assembly; former Governor of Ogun State Chief Olusegun Osoba; and other distinguished personalities.

The Minister of Art, Culture, Tourism and the Creative Economy, Hannatu Musa Musawa, welcomed the President and other guests to the premiere.

The Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, paid tribute to Nigerians who lost their lives or suffered persecution, detention, exile and other forms of repression during the struggle for the restoration of democracy.

After leading the gathering in observing a minute’s silence in memory of those who lost their lives in the democratic struggle, Mr Onanuga said the sacrifices of pro-democracy activists must never be forgotten. He noted that the freedoms Nigerians enjoy today were secured through the courage of many individuals who stood firm against authoritarian rule.
.
" We remember Chief Anthony Enahoro, Pa Adekunle Ajasin, Senator Abraham Adesanya, Chief Gani Fawehinmi, Dr Beko Ransome-Kuti, Pa Alfred Rewane, Chief Frank Kokori, Rear Admiral Ndubuisi Kanu, Commodore Dan Suleiman, Chima Ubani, Chief Bola Ige, Senator Cornelius Adebayo, Chief Ayo Adebanjo, Alhaji Balarabe Musa, Oba Sikiru Kayode Adetona, and all the leaders and members of the National Democratic Coalition, the Campaign for Democracy, the labour movement and other pro-democracy organisations..

"We honour journalist James Bagauda Kaltho, other journalists, and media organisations that defied clampdowns, arrests, kidnapping and seizures of publications to keep the June 12 struggle alive. We honour the printers who defied the security clampdown to print banned publications.

“We remember and salute the lawyers who defended detainees, the students who staged countless protests on the streets and on their campuses, the workers, especially members of NUPENG, who withdrew their labour, the academics who gave the struggle a voice, and the Nigerians in the diaspora who mobilised international support for the sanctity of our democracy.

" We remember those who were imprisoned without trial, those imprisoned for being accessories to a coup d’etat, those driven into exile, those who lost their livelihoods, and those whose homes and businesses were attacked because they refused to surrender their democratic convictions," Onanuga said.

He said the documentary would serve not only as a tribute to Chief Abiola but also as a reminder of the collective sacrifices made by Nigerians who demanded respect for the people’s democratic choice.

"We remember the countless unnamed Nigerians who filled the streets, endured hardship and stood firm in defence of the mandate freely given on June 12, 1993. Many paid the supreme price. Many carried wounds that history may never fully record. Their sacrifice was not in vain, as we have had 27 years of unbroken democracy since 1999, and Chief MKO Abiola, the symbol of the struggle, has been officially acknowledged as the winner of the election, shedding the toga of ‘assumed, presumed’ winner".

Mr Onanuga commended the producers of *MKO* for documenting an important chapter in Nigeria’s political history and making it accessible to a new generation.

"The democracy we enjoy today was built upon the courage and sacrifices of the people we have identified. We owe them more than remembrance. We owe them a duty to ensure that no authority ever again overturns the freely expressed will of Nigerians".

The President’s attendance at the premiere underscored the importance his administration attaches to preserving Nigeria’s democratic history and honouring the men and women whose courage helped pave the way for the country’s current democratic system.

Minister Musawa said MKO chronicles the events leading to the 12 June 1993 presidential election, its annulment by the military authorities, Chief Abiola’s arrest in 1994 after he declared his mandate, and his death in detention in 1998.

"This documentary is in honour of the heroes of June 12, the men and women who gave their lives for the mandate of June 12, 1993 and for the democracy Nigeria enjoys today," the Minister said.

Musawa said it was imperative to document the untold stories about the events surrounding the June 12, 1993 presidential election, adjudged one of Nigeria's freest and fairest elections, so that many will know that the democracy we enjoy today came at a precious price.

She reiterated the need for concerted effort by citizens to jealously guard the nation's democracy and ensure that the will of the people is never again truncated.

The documentary producer, Mr Oyamendan, lauded President Tinubu for his tenacity, courage, and conviction on the principles of democracy, as well as the fatherly support he has given him over the years.

He thanked various personalities who supported the project's realisation.

Reflecting on his relationship with the President, Mr Oyamendan recalled interviewing him as a senator in 1992. He also thanked the individuals and organisations that supported the documentary’s production.

MKO is expected to help preserve Nigeria’s political history and offer audiences, particularly younger Nigerians, an opportunity to reflect on the events, personalities, and sacrifices that shaped the country’s democratic journey.

Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
October 1, 2026.

[Treasury Secretary Scott Bessent @SecScottBessent]

Iran loaded ZERO crude oil onto tankers in September. The Trump Administration is cutting off the Iranian regime’s most critical source of revenue.

Operation Economic Outcast is severing the economic lifelines that have allowed Tehran to finance its terrorist agenda.

[Ngozi Okonjo-Iweala @NOIweala]

Wishing my fellow Nigerians a happy 66th Independence Anniversary. I know things are tough as they are everywhere in the world these days. But we still have so much going for us as Nigerians, a forthright, energetic, entrepreneurial, never-say-never set of people. I celebrate you all! 🇳🇬 Up Naija!

[DMO Nigeria @DMONigeria]

Happy 66th Independence Day, fellow Nigerians! May our unity endure and our nation prosper. From all of us at the DMO, we wish you all a happy independence as we celebrate the shared hope for a prosperous future.

#NigeriaAt66
#IndependenceDay
#Nigeria

[Bashir Bayo Ojulari - BBO @BBOjulari]

Last year, I sat with one of our Tigers to talk through what our numbers really say about the business, and what they mean for the nation. This year is no different.

These conversations do more than connect me with our young professionals within NNPC Limited. They connect me with young professionals everywhere, in Nigeria and beyond, who want to understand what The NNPC Way is truly about: the numbers behind our FY2025 performance, the business driving them, and the people who make that growth possible.

That's the story we're telling. Watch it, and let's keep going!

[Bayo Onanuga, OON, CON @aonanuga1956]

Nigeria has passed through its own Red Sea, Prosperity is Next--President Tinubu

TEXT OF INDEPENDENCE DAY ADDRESS BY PRESIDENT BOLA AHMED TINUBU, WITH THE THEME, FROM REFORMS TO PROSPERITY

My fellow Nigerians,
Sixty-six years ago today, our flag was raised, for the first time, over a free and sovereign nation. Since then, we have journeyed together as one nation, bound by our collective trust in the great promise of Nigeria: that a country of our size, our bountiful resources, our cultural diversity and, above all, our extraordinary people can build a giant in Africa; that in this blessed and fertile land we can build a united, strong and prosperous nation; a land of regional authority and global consequence.

Our journey has not always been easy. In truth, it has generally been too hard for too many. We have known moments of great hope and periods of profound disappointment. We have endured war, military rule, economic crises, insecurity and political upheaval. Yet through it all, Nigeria, with the indomitable spirit of its people, has endured.

It has endured through the efforts of the farmer who rises before dawn to work his land. The trader who opens her shop each morning, hopeful for a productive day. The teacher who believes in the children entrusted to her care and the young entrepreneur who refuses to surrender ambition to circumstance. We are grateful for the men and women of our Armed Forces and security services who place themselves in harm's way so that the rest of us may live in peace.

Through every difficulty, generations of Nigerians have continued to believe in one thing: that this country of ours will be better.

This faith, which sustains us all, is the inheritance of independence. Our founding fathers did not struggle merely for a flag, an anthem or a place among the nations of the world. Independence carried a larger promise: that Nigerians would have the freedom to shape their own destiny and build a nation capable of providing opportunity, dignity and a better life for its people. Sixty-six years later, Almighty God has made it our responsibility to deliver that promise.

Today, as we celebrate our independence, we must speak honestly about the journey so far, the choices we made, and the country we are determined to build from here.

For too long, the promise of Nigeria was undermined by choices that postponed difficult decisions and allowed deep economic distortions to grow.

By 2023, poverty was rising, and hope was nearly gone. The country's situation was darker than ever. We had no choice but to act.

Nigeria was like a sick patient who receives the terrible news that he has cancer. His doctor explains that the treatment will be difficult and painful, but that it offers a strong prospect of recovery. The patient has a choice. He can begin treatment, endure its discomfort and fight the disease. Or he can ask only for morphine, dull the pain and leave the cancer to spread.

For too long, Nigeria's leaders chose morphine while praying for a miracle that never came.
They focused on symptoms while allowing the disease to take hold deep within the fabric of our society. We spent enormous sums sustaining inefficient arrangements that were never intended to last. We hid from difficult truths and passed the consequences from one generation to the next.

When this Administration assumed office, we resolved to do things differently. We chose to excise the cancer. The reforms that followed were difficult. The side effects were real. Yet, we must never confuse the medicine with the disease.

Our reforms did not create the weaknesses in our economy. They confronted them. Now, as certain influential but regressive voices would have us abandon the treatment and return ourselves to the abuse of addictive subsidies, we must resist their siren song. We must remember why we began this journey and how far we have already come.

Three and a half years later, the evidence that Nigeria's economic outlook has improved is undeniable. Our economy has grown by over 4 per cent this year. Both oil and non-oil sectors have contributed to the renewed period of stable growth.

Oil theft is down. Inflation has fallen substantially from its peak. Our foreign reserves have been rebuilt, our foreign exchange market has stabilised, and in 2025 this country recorded its highest revenue from non-oil exports in its history, exceeding $6 billion. This is real money being made by real Nigerian businesses.
These are not idle claims. International observers, journalists, NGOs and multilateral institutions can see the change. Each has concluded that our reforms have strengthened Nigeria's economic stability and resilience. The private sector has long since delivered its verdict, and foreign direct investment continues to rise each year.

My fellow Nigerians, we have reached a turning point.
The emergency treatment is over. The foundation has been repaired. The central economic task before us has changed. For three years, our overriding purpose was to correct our nation's course.

Now, our purpose is simple: shared and widespread prosperity.

When I speak of prosperity, I do not speak merely of a larger economy, abstract numbers or better statistics. I mean something much more personal.
I mean a Nigeria in which the farmer can cultivate his land safely, produce more at lower cost, and earn a decent return for his labour. A Nigeria in which factories have reliable power, businesses can obtain credit, and young people can find productive work. A Nigeria in which food and transportation are affordable, education is within reach, and hard-working families can look towards the future with confidence.

This is the promise we must now fulfil.

Our priority is to bring down the cost of living. We will achieve this by lowering the cost of producing and moving the things Nigerians consume.

We have the land and people to feed ourselves. My government is therefore focused on expanding mechanised irrigation and dry-season farming, improving access to seeds and fertiliser, holistically increasing mechanisation, and investing in storage and transportation. We are building and completing the roads, railways and ports that connect farms and factories to markets.

Our logic is simple. When a farmer produces more cheaply, when fewer crops are lost between the farm and the market, when a manufacturer spends less on electricity, when a truck reaches its destination faster, and when the business environment fosters fair competition, all those savings will ultimately find their way into the price of goods in the market.

But prosperity requires more than cheaper goods. It requires productive work.

Nigeria is a young country. Millions of young Nigerians enter adulthood every year with talent, energy and ambition. Our responsibility is to ensure that this great demographic strength becomes an engine of production rather than a source of despair.

We are therefore placing jobs, enterprise, and industrial growth at the heart of our government's policies.
We will use our gas to power new industries. We will support businesses that work to bring factories back to life in our great industrial centres. We will expand digital connectivity into communities that have waited too long to participate in the modern economy. We will invest in the skills employers demand and support Nigerian businesses with the infrastructure and finance they need to grow.

I want to see more Nigerians making things. I want to see more Nigerian farms feeding our cities and supplying our factories. I want to see Nigerian businesses selling Nigerian goods to the whole world. I want young Nigerians building unicorns and creating opportunities for others here at home.

I am also conscious that millions of our fellow citizens cannot wait for tomorrow. Some Nigerian families still struggle today for the next meal, the next school fee, the next medical bill, or simply enough money to get to work. Their circumstances did not begin with the reforms of the last three years. Their struggle is the accumulated consequence of decades of low productivity, inadequate infrastructure, insufficient opportunity and institutions that too often failed those who needed them most.

We cannot erase in four years what accumulated over generations. But we can change its course. We can build an economy that steadily lifts people out of poverty while ensuring that those who remain vulnerable are not abandoned along the way.

That is why we are strengthening direct support for the poorest households and improving the National Social Register so that assistance reaches those who genuinely need it.

It is why the Nigerian Education Loan Fund is ensuring that the child of a low-income family need not surrender the dream of higher education simply because his parents cannot afford the fees.

It is why CREDICORP is giving working Nigerians access to consumer credit, allowing people to acquire vehicles, solar systems, digital devices and other essential assets without first having to accumulate years of savings.

That is why, working with our states and local governments, we will continue to strengthen primary healthcare, basic education, and the essential public services poorer Nigerians depend on most. Since 2023, we have paid salaries and pensions on time and in full. We have reformed the national pension program to benefit retirees and the vulnerable.

These programmes are not substitutes for prosperity. They are a bridge to aid our nation's citizens on their path towards it. Our objective is not to manage poverty more efficiently.

We will defeat it.

It will take time. It will require discipline. It will require sustained growth year after year and the creation of millions of productive opportunities across our country.

But for the first time in decades, we embark on this task from a position of strength; with an economy whose fundamental direction has been corrected. We confronted the difficult choices we faced and have laid the foundations for lasting prosperity. Rather than fail the promise of a better future for our children, the time has come for us to build that future.

The age of reform has done its work. Now begins the age of prosperity. An age in which the promise of this great nation must finally become the lived experience of Nigerians from all walks of life.

We have travelled through difficult years together. We have made hard decisions together. And now, still together, we must build the country those decisions have made possible.

I believe deeply in what lies ahead.

I believe in the millions of ordinary men and women whose work, courage and determination have always been the true strength of our country. The road ahead will still demand much from us. But we now travel it with firm footing, a clear direction, and renewed hope in our collective future.

Nigeria has corrected its course. We have passed through our own Red Sea. This is not the time to look back. Let us go forward together, with faith in ourselves, faith in our country, and faith that the sacrifices we have made will yield their reward.

The Promised Land before us is a Nigeria of abundance and opportunity; a nation where prosperity is broadly shared, where every child can dream beyond the circumstances of his birth, and where our country's immense promise is finally reflected in the lives of our people.

Our destination is in sight. Our foundations are strong. Our direction is clear. So let us go forward. No looking back.

Happy Independence Day, my fellow Nigerians. God bless you all, and God bless the Federal Republic of Nigeria.

Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria

[Bola Ahmed Tinubu @officialABAT]

2026 INDEPENDENCE DAY ADDRESS: FROM REFORMS TO PROSPERITY

My fellow Nigerians,

Sixty-six years ago today, our flag was raised, for the first time, over a free and sovereign nation. Since then, we have journeyed together as one nation, bound by our collective trust in the great promise of Nigeria: that a country of our size, our bountiful resources, our cultural diversity and, above all, our extraordinary people can build a giant in Africa; that in this blessed and fertile land we can build a united, strong and prosperous nation; a land of regional authority and global consequence.

Our journey has not always been easy. In truth, it has generally been too hard for too many. We have known moments of great hope and periods of profound disappointment. We have endured war, military rule, economic crises, insecurity and political upheaval. Yet through it all, Nigeria, with the indomitable spirit of its people, has endured.

It has endured through the efforts of the farmer who rises before dawn to work his land. The trader who opens her shop each morning, hopeful for a productive day. The teacher who believes in the children entrusted to her care and the young entrepreneur who refuses to surrender ambition to circumstance. We are grateful for the men and women of our Armed Forces and security services who place themselves in harm's way so that the rest of us may live in peace.

Through every difficulty, generations of Nigerians have continued to believe in one thing: that this country of ours will be better.

This faith, which sustains us all, is the inheritance of independence. Our founding fathers did not struggle merely for a flag, an anthem or a place among the nations of the world. Independence carried a larger promise: that Nigerians would have the freedom to shape their own destiny and build a nation capable of providing opportunity, dignity and a better life for its people. Sixty-six years later, Almighty God has made it our responsibility to deliver that promise.

Today, as we celebrate our independence, we must speak honestly about the journey so far, the choices we made, and the country we are determined to build from here.

For too long, the promise of Nigeria was undermined by choices that postponed difficult decisions and allowed deep economic distortions to grow.

By 2023, poverty was rising, and hope was nearly gone. The country's situation was darker than ever. We had no choice but to act.

Nigeria was like a sick patient who receives the terrible news that he has cancer. His doctor explains that the treatment will be difficult and painful, but that it offers a strong prospect of recovery. The patient has a choice. He can begin treatment, endure its discomfort and fight the disease. Or he can ask only for morphine, dull the pain and leave the cancer to spread.

For too long, Nigeria's leaders chose morphine while praying for a miracle that never came.
They focused on symptoms while allowing the disease to take hold deep within the fabric of our society. We spent enormous sums sustaining inefficient arrangements that were never intended to last. We hid from difficult truths and passed the consequences from one generation to the next.

When this Administration assumed office, we resolved to do things differently. We chose to excise the cancer. The reforms that followed were difficult. The side effects were real. Yet, we must never confuse the medicine with the disease.

Our reforms did not create the weaknesses in our economy. They confronted them. Now, as certain influential but regressive voices would have us abandon the treatment and return ourselves to the abuse of addictive subsidies, we must resist their siren song. We must remember why we began this journey and how far we have already come.

[Mohamed A. El-Erian @elerianm]

Good morning.
A busy week of US economic data continues this morning with what's traditionally seen as the Fed’s favorite inflation gauge: August PCE.
Consensus expects headline and core PCE to have risen 0.3% in August, putting annual rates at 3.7% and 3.3%, respectively (both unchanged from July).
Also watching income and spending data this morning ahead of Friday’s jobs report.
#economy #markets #inflation #federalreserve

[Bola Ahmed Tinubu @officialABAT]

Rumours will always emanate from politics.

The fact remains that I am here, ready to work, and ready to go.

God bless Nigeria!

[Mohamed A. El-Erian @elerianm]

This is not the first trading session where sovereign bond yields and oil prices have decoupled. In fact, it is happening with greater frequency—a reminder that:
• The protracted surge in yields is driven by forces far beyond energy markets; and
• It is increasingly only a matter of time before borrowing costs for households and corporates face the additional headwind of even wider credit spreads.
#economy #markets

[Mohamed A. El-Erian @elerianm]

Despite weaker-than-anticipated US economic data across both soft and hard metrics, US yields are rising yet again.
The plunge in consumer confidence brought key measures well below consensus forecasts, with the overall index dropping to 81.9 (vs. 89.0 expected), current conditions to 109.3 (vs. 121.2), and expectations to 63.6 (vs. 68.5).
Meanwhile, job vacancies came in lower than anticipated at 7.228 million (vs. 7.27 million expected).
Despite such data, yields are up across the board, with the 30-year US Treasury bond hitting its highest level since 2002.
#economy #markets

[NNPC Limited @nnpclimited]

PRESS RELEASE

NNPC Delivers ₦7.2 Trillion Profit as Production Reaches Multi-Year Highs
...Declares ₦5.8 Trillion Dividend

NNPC Limited today announced audited results for the year ended 31 December 2025, following its Annual General Meeting and second Earnings Call with financial and business analysts. The results underline the Company’s growing earnings capacity and operational momentum and provide a stronger platform for growth.

Profit After Tax rose 33% to ₦7.2 trillion from ₦5.4 trillion in 2024, while revenue stood at ₦34.5 trillion.

Read the full press release when you visit https://t.co/xI68xLIOER

#OpenNNPC
#EnergyForToday
#EnergyForTomorrow

[Bola Ahmed Tinubu @officialABAT]

A tailor should not need millions of naira to buy industrial machinery before she can grow her business. A food processor should not have to build a factory before producing at scale.

That is why the Federal Government, under our Renewed Hope administration, is investing in shared MSME hubs through our National MSME Clinics, giving entrepreneurs access to modern equipment, reliable power and production facilities without carrying the full cost alone.

Today, 21 shared facilities across 19 states and the FCT are supporting businesses and an estimated 650,000 jobs.

Nigerians do not lack ideas, skill or ambition. Too often, they lack access to the tools and infrastructure needed to turn them into successful businesses.

Our job is to remove those barriers.

When small businesses can produce more, at lower cost, they become more competitive. They grow. They employ more people. They create income and opportunity for Nigerian families.

Giving Nigerian enterprise the tools to succeed is how we build prosperity from the ground up.

That is the Nigeria we are building.

Bola Ahmed Tinubu, GCFR
President
@NGRPresident @NigeriaGov

[Bola Ahmed Tinubu @officialABAT]

When I sought your mandate, I promised to move Nigeria towards a credit-based economy and to establish a loan guarantee scheme that would help small businesses overcome the barriers that keep them from finance.

That promise was about something practical. A worker with access to credit can buy what the family needs and pay over time, and a small business can invest today against the income it expects tomorrow.

We have been building the institutions to make that possible. Through CREDICORP, working Nigerians can access consumer credit. Our students can finance their education through NELFUND, while the Bank of Industry and Development Bank of Nigeria continue to lend to businesses.

The National Credit Guarantee Company takes on one of the hardest barriers to business credit.

[Bayo Onanuga, OON, CON @aonanuga1956]

President Tinubu is hale and hearty

Nigeria’s President is hale and hearty. He has been on a working vacation, which he is perfectly entitled to. In this digital age, he does not need to be physically present in Abuja to do the work for which he was elected in 2023. 

And we have seen that he has indeed been working, meeting investors in France, most recently facilitating a $7 billion deep-sea port in Ogun Waterside, an initiative of the Ogun State Government. 

Two other important African leaders were not in New York for the UNGA: South Africa's President Cyril Ramaphosa and Egypt’s Abdel Fattah el-Sisi. Ramaphosa booked himself off public engagements. Johannesburg and Pretoria made no uproar over Ramaphosa's absence at UNGA. And Egypt did not erupt that Sisi did not go to New York. The Nigerian President announced he was taking his annual vacation and delegated attendance to his able and dependable Vice President.

Yet Peter Obi pretends to be unaware of President Tinubu’s whereabouts and asks the puerile question his followers are asking on X. 

President Tinubu will return home this week to mark Nigeria’s 66th Independence Anniversary and honour MKO Abiola, the martyr of the democracy we enjoy today, by attending the premiere of a movie in MKO’s memory in Lagos.

[Treasury Secretary Scott Bessent @SecScottBessent]

Following the launch of Operation Economic Outcast, @USTreasury imposed targeted financial measures against banks and aviation service providers. At my direction, teams were dispatched across the globe to engage with countries and demand action against the Iranian regime.

These efforts are delivering results. Türkiye and Oman announced the cessation of Mahan Air flights to their countries. The UAE has halted all flights by Iranian airlines, and top commercial banks in the UAE and Türkiye have stopped transacting with Iran.

Even Iran’s leadership has acknowledged the economic toll of the war, as the value of the rial has fallen to record lows.

I appreciate the governments of the UK, Türkiye, Oman, and the UAE. We will continue working together as there is more to be done to prevent Tehran from carrying out its terrorist agenda.

https://t.co/rkGvP9PO2M

[Adegboyega Oyetola @GboyegaOyetola]

Approval for Modernisation and Upgrade of Onne, Rivers, Delta, Calabar Ports

I am pleased to announce that the Federal Government has approved the comprehensive modernisation and upgrade of Onne, Rivers, Delta and Calabar Ports.

This approval builds on the earlier approval for the modernisation and upgrade of Apapa and Tin Can Island Ports in Lagos, reaffirming our determination to develop a balanced, efficient and globally competitive national port system.

Under the leadership of President Bola Ahmed Tinubu @officialABAT, infrastructure renewal and economic diversification remain central to the Renewed Hope Agenda. Modern and efficient ports are critical to this vision because they facilitate trade, support industry, attract investment and create jobs.

Extending the modernisation programme beyond Lagos will complement ongoing investments in Apapa and Tin Can Island, while helping to reduce the concentration of cargo traffic around Lagos and creating additional efficient gateways for international trade.

Upgraded infrastructure and improved operational efficiency at Onne, Rivers, Delta and Calabar Ports will enhance cargo handling, reduce vessel turnaround times, strengthen regional connectivity and make the movement of goods more predictable and cost-effective.

These ports have strategic roles to play in our trade, industrial and regional development, and we are determined to equip them to meet the demands of a growing economy.

This is part of a broader expansion of Nigeria’s maritime infrastructure, including Federal Government approvals for the development of the Ibom, Bakassi, Agge, Gateway, Ondo and Bonny Deep Seaports.

Our approach is comprehensive. We are modernising existing ports while facilitating the development of new deep seaports. Together, these investments will expand Nigeria’s maritime capacity, create stronger economic corridors and position our country as a major maritime and logistics hub in Africa.

Our vision is an integrated maritime and logistics system in which ports, roads, rail, inland waterways and other transport infrastructure work together to enable the seamless movement of cargo.

We want Nigerian businesses to spend less time and resources moving their goods, while creating an environment that encourages investment and supports job creation.

The Ministry will continue to work closely with state governments, terminal operators, investors, shipping companies and other stakeholders to ensure that these projects translate into tangible improvements across Nigeria’s marine and blue economy.

Nigeria has the geography, market and maritime resources to become a leading maritime hub. Our responsibility is to provide the infrastructure, policies and enabling environment required to turn that potential into sustainable economic value.

#PortModernisation #MaritimeInfrastructure #MarineAndBlueEconomy

[Mohamed A. El-Erian @elerianm]

ROW: Long US equities, less so Treasuries:
As reported by the FT, "foreign investors made a record $942bn in net purchases of US equities and investment fund shares in the 12 months to July, accelerating a shift in overseas investment towards American stocks and away from debt.
The flows represented the highest rolling 12-month total in Treasury data going back to 1985."
#economy #markets #stocks #bonds @ft

[Bashir Bayo Ojulari - BBO @BBOjulari]

NNPC Ltd. welcomes the $800m Final Investment Decision on the Ima Gas Project, developed by AMNI International with TotalEnergies, offshore OMLs 112 & 117. Up to 300 mmscf/d at peak, feeding NLNG's Train 7 expansion (22 → 30 Mtpa).

The 4th major gas FID under President Tinubu, after Iseni, Ubeta & HI, unlocked by the 2024 Presidential Directives on non-associated gas.

Indigenous operator. International partner. Nigerian capital. A model worth repeating.

Certainty attracts capital.📌

[Olu Arowolo Verheijen @OluVerheijen]

Africa holds 13% of the world’s natural gas reserves. Yet much of that potential remains underground or leaves the continent. I spoke with The Economist about why resources alone are not enough.

“The objective isn’t just to produce more gas. The objective is to make sure that you have more productive economies across Africa.”

That requires more than geology: enabling policy, competitive investment conditions, infrastructure and bankable demand connecting gas to power, industry, fertiliser, petrochemicals and cleaner cooking.

Nigeria shows both the opportunity and the constraint. Reforms are unlocking new upstream investment. The priority now is connecting growing supply to productive and bankable domestic demand.

Thank you to @TheEconomist for examining both the opportunity and the work ahead.

Full article here: https://t.co/Sj3Xuf7kLz