SofolaY

Happiness is free.. exhale the past and inhale the future. Asst Lecturer, Biochemist. Polithinker. #Arsenal. #ProudlyNigerian. #BATist

[Daddy D.O🇳🇬 @DOlusegun]

STATEHOUSE PRESS RELEASE

PRESIDENT TINUBU MOURNS VETERAN ACTOR TAIWO HASSAN (OGOGO)

President Bola Tinubu has expressed condolences to the family, friends, and colleagues of Taiwo Hassan, the veteran Nollywood actor, filmmaker, and screenwriter, following his demise.

The president described Hassan, popularly known as Ogogo, as a distinguished artiste whose career spanned several decades and made remarkable contributions that helped shape the growth of Yoruba-language theatre and Nigerian cinema.

He noted that through his distinctive acting style, powerful screen presence and dedication to his craft, Ogogo entertained generations of Nigerians while promoting the richness of Yoruba culture and Nigeria’s diverse cultural heritage.

The president said Ogogo’s body of work would remain an important part of Nigeria’s cultural history, adding that his mentorship and influence on younger artistes further underscored his enduring legacy in the creative industry.

“Alhaji Taiwo Hassan was a gifted artiste who used his talent to tell Nigerian stories, preserve our cultural heritage and entertain audiences at home and abroad.

“His passing is a great loss to his family, the Yoruba film industry, Nollywood and the entire Nigerian creative community.

“On behalf of the Federal Government, I extend my heartfelt condolences to his family, colleagues, friends and millions of admirers. I pray that Almighty Allah will grant him eternal rest and give his loved ones the strength to bear this irreparable loss,” the president said.

He urged members of the creative industry and Nigerians to honour Ogogo’s memory by preserving and building on the cultural values and artistic traditions to which he devoted his life.

The president prayed for the peaceful repose of the late actor's soul.

Before finding fame, Ogogo worked as a mechanic at the Ogun State Water Corporation for about 13 years. He began acting in 1981, combining the profession with his mechanic job before leaving it in 1994 to pursue acting full-time.

Bayo Onanuga
Special Adviser to the President
(Information & Strategy)
August 24, 2026

[TallJohn🌍 @JohnFanimokun]

"Why on earth should Nigeria, at this time and age, be discussing going back to the subsidy regime? I think we should elevate the level of economic discourse. Under the previous administration, close to 7 trillion naira or more annually was being collected through ways and means financing, but that practice has practically stopped..."

— Muda Yusuf, CEO, Centre for the Promotion of Private Enterprises

[Daddy D.O🇳🇬 @DOlusegun]

1. Nigeria’s Reform Scorecard provides a transparent assessment of President Bola Ahmed Tinubu’s economic reforms, outlining what they cost, what they delivered and the risks they helped prevent.

- ₦15.8 trillion mobilised: Between June 2023 and December 2025, subsidy-related reforms generated ₦15.8 trillion in additional resources for the federation.

- Higher government revenue: Exchange-rate reforms increased Naira proceeds from customs duties and petroleum-related taxes, strengthening federation revenues.

- Reduced rent-seeking: Exchange-rate unification helped dismantle an arbitrage system that benefited rent-seekers rather than ordinary Nigerians and productive businesses.

- Greater fiscal capacity: The additional resources expanded the ability of the federation to fund public services, infrastructure and development priorities.

- Transparent accountability: The scorecard includes 25 indicators, detailed figures and an underlying methodology, allowing Nigerians, editors and independent analysts to scrutinise the numbers and assess the reforms for themselves.

[Daddy D.O🇳🇬 @DOlusegun]

2. Additional resources were mobilised and redirected toward workers, debt obligations and strategic infrastructure, while strengthening public financial management.

- ₦15.8tn shared: Of the subsidy-related savings, ₦5.4tn went to the Federal Government, while ₦10.4tn was shared with states and local governments.

- ₦3.1tn additional revenue: The Federal Government generated incremental independent revenue, largely from higher remittances and surpluses from government-owned entities.

- ₦9.39tn for workers: Wage adjustments, minimum wage increases and allowances received ₦9.39tn, the single largest incremental expenditure and more than the Federal Government’s entire share of subsidy savings.

- ₦6.5tn for infrastructure: Strategic infrastructure received ₦6.5tn, supporting critical development projects.

- Debt obligations met: ₦9.37tn went to external debt servicing, reflecting the higher naira cost of dollar-denominated obligations following exchange-rate adjustments.

- Stronger financial management: Despite incremental spending of ₦30.64tn, the government says two-thirds was funded through new resources, while the remaining roughly ₦10tn came from the existing revenue base, without resorting to excessive money printing.

[Daddy D.O🇳🇬 @DOlusegun]

3. Nigeria’s Reform Scorecard uses a 25-indicator framework to assess what the economic reforms have changed, what they cost and what Nigeria may have faced without them.

- 25 indicators across 5 areas: The scorecard examines fiscal sustainability, external stability, investment climate, social impact, growth and productivity.

- Three-way comparison: Each indicator compares May 2023 baseline, the latest verified 2026 position and the estimated 2026 position without reforms.

- Evidence-based counterfactual: The “no-reform” scenario is based on pre-2023 trends, including rising debt-service pressures, declining external reserves and expanding Ways and Means financing—not an arbitrary projection.

- Reforms freed future revenue: Subsidy removal and FX harmonisation increased Federation Account receipts while reducing the burden of mortgaging future revenue to finance present consumption.

- Transparent assessment: Every indicator carries a plain-language assessment showing whether there was a major improvement, structural change or a cost of stabilisation, presenting both gains and trade-offs.

[Daddy D.O🇳🇬 @DOlusegun]

4. Nigeria’s Reform Scorecard shows how economic reforms are translating into tangible benefits for ordinary Nigerians, while also showing the risks the country avoided without them.

- Salaries and Pensions: The number of states struggling to reliably pay salaries and pensions has fallen from 27 in May 2023 to zero, ensuring more Nigerians receive their earnings on time.

- Higher Minimum Wage: The minimum wage has increased from ₦30,000 to ₦70,000, more than doubling workers’ statutory minimum earnings.

- Education Support: Over 1.5 million students are benefiting from NELFUND, expanding access to affordable higher education financing.

- Social and Economic Support: Millions of households are receiving cash transfers, while subsidised mortgages and agricultural support are helping families, farmers and vulnerable Nigerians cope and build livelihoods.

- Fairer Taxation: The new tax framework exempts low-income earners and small businesses, while simplifying the tax system and reducing the burden on those least able to pay.

[Daddy D.O🇳🇬 @DOlusegun]

5. Measurable gains across inflation, reserves, financial markets, economic growth and Nigeria’s standing in the global financial system, while acknowledging that household welfare remains a work in progress.

- Inflation is easing: Headline inflation fell to 15.91% in June 2026 from 22.41% in May 2023, while food inflation also declined from 24.82% to 17.52%.

- Stronger external buffers: Gross foreign reserves increased from about $35 billion to $52.5 billion, while net reserves rose from roughly $3 billion to $34.8 billion, strengthening Nigeria’s actual financial buffer.

- A stronger capital market: NGX market capitalisation expanded from about ₦31 trillion to roughly ₦150 trillion, creating significant wealth for investors.

- Economic growth improved: Real GDP growth strengthened from 2.31% in May 2023 to 3.89%, compared with a no-reform scenario that could have left the economy stagnant or in recession.

- Improved global confidence: S&P Global upgraded Nigeria’s sovereign credit rating to B in May, the country’s first upgrade in 14 years.

- Stronger financial-system standing: Nigeria exited the FATF grey list in October 2025 and the EU’s anti-money laundering and counter-terrorism financing deficiency list in January 2026.

- Household welfare remains unfinished business: Despite improvements in inflation and food prices, the scorecard acknowledges that poverty and household welfare recovery are still work in progress, not a victory lap.

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

Social investment, economic regulation, capital mobilisation, and healthcare access shape today’s #TheHeadlines as Nigeria deepens poverty reduction efforts, reforms the ports sector, attracts ₦5.86bn from investors, and expands cancer treatment infrastructure.

TGIF 🎉

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

Tuesday 18th August, 2026

Here are the key economic and infrastructure updates on #TheHeadlines today from across the nation:

👉🏻 Power Sector Boost: FG commissions upgraded transmission substations in Lagos, injecting an additional 208MW into the National Grid to strengthen power supply.

👉🏻 Economic Relief: Headline inflation eases further to 15.43% in July (down from 15.91% in June), marking steady progress in macroeconomic stabilization.

👉🏻 Education & Innovation: 41 University Innovation Pods deployed nationwide to transform academic research into viable businesses, job creation, and private investments.

👉🏻 Market Dynamics: NGX trading volume surges 127%, hitting 12.15bn shares valued at N176bn in a single week.

Let's hear your thoughts on these...

Good Morning 🌅

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

Registration has officially commenced for the next cohort of the National Poverty Reduction With Growth Strategy where beneficiaries will learn and upgrade several technical skills such as

- Artificial Intelligence
- Fashion Design
- Make-Up

Signup now- https://t.co/Z9KX65KyrG

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

Thursday, August 20, 2026

Education financing, national security, housing delivery, and fiscal reform define today’s #TheHeadlines, as recovered EFCC funds strengthen NELFUND’s student loan programme, government begins a 250-unit civil servants’ housing project, a new five-year defence strategy is ordered, and reforms generate ₦15.8tn for the Federation.

Nigeria is growing stronger across all sectors under the Renewed Hope Administration🥂

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

Friday Headlines;

Railway expansion, nationwide digital connectivity, deepwater oil investment, and infrastructure development define today’s #TheHeadlines as the completed 62km Port Harcourt–Aba rail line is handed over, a 90,000km fibre-optic rollout gets underway, ExxonMobil advances its $1bn Usan project, and over ₦610bn in road and housing infrastructure contracts receive approval.

TGIF 🎉

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

FUEL SUBSIDY: HOW @atiku WANTS TO BRING BACK THE SCAM HE PROMISED TO DESTROY

Oped by @DOlusegun

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

From strengthening democracy and national peace to strategic security planning, civil service renewal, economic consolidation, diplomacy, and preparations for the next phase of political engagement, it was another impactful week under President Bola Ahmed Tinubu.

Catch up on the key moments, decisions, and milestones that shaped the week.

#PBATWeekInReview

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

PRESS STATEMENT

CONGRATULATORY MESSAGE: PBAT MEDIA CENTRE CELEBRATES DADA OLUSEGUN ON PCC APPOINTMENT AND GLOBAL PR AWARD

The President Bola Ahmed Tinubu (PBAT) Media Centre warmly congratulates its Convener and Special Assistant to the President on Social Media, Mr. Dada Olusegun, on his appointment as Director of New Media for the Presidential Campaign Council (PCC).

This well-deserved appointment reflects his commitment, strategic vision, and track record in shaping public communication. Mr. Dada’s deep understanding of digital landscapes and his ability to craft compelling narratives make him uniquely suited to lead the council's new media efforts.

We also celebrate his recent African Public Relations Excellence Award in London, presented by The Voice News Magazine. This international honor highlights his growing influence and commitment to communication excellence on the global stage.

We have full confidence in his leadership and wish him outstanding success in this new role.

Signed:

PBAT Media Centre

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

Monday, August 24, 2026 | #TheHeadlines

Satellite expansion, stronger oil production, youth entrepreneurship, and digital infrastructure define today’s #TheHeadlines as FEC approves NIGCOMSAT-2A and 2B, oil production losses drop sharply from 97% to 2%, young entrepreneurs gain access to up to ₦5m in grants, and over ₦3.8tn is invested in Nigeria’s IT infrastructure since 2023.

Happy New Week 🥂

[President Bola Ahmed Tinubu Media Centre @PBATMediaCentre]

[Newsletter 📩] — August 24, 2026.

….Vol 120

30 Months. One Scorecard.
A closer look at the impact of Nigeria’s economic reforms since 2023.

[Podium Reporters @PodiumReporters]

"The only thing we can give this administration is that they are getting a handle on macroeconomic stability." — Oby Ezekwesili

[Podium Reporters @PodiumReporters]

VIDEO: There ought not to be subsidy in the first place in Nigeria because oil is our product, says Kenneth Okonkwo