Tinubu: Ewi of Ado-Ekiti’s leadership inspires Nigerians

President Bola Ahmed Tinubu has celebrated the Ewi of Ado-Ekiti, His Imperial Majesty, Oba Rufus Adeyemo Adejugbe Aladesanmi III, describing his leadership as an inspiration to Nigerians as the revered monarch marks his 80th birthday and 35th coronation anniversary.

President Tinubu spoke on Sunday at the celebration of the dual milestones of Oba Adejugbe’s 80th birthday and the 35th anniversary of his coronation, in Ado-Ekiti.

Represented by the Secretary to the Government of the Federation (SGF), Senator George Akume, at the celebration, President Tinubu said the twin milestones were a moment of pride not only for Ado-Ekiti and Ekiti State, but for the entire nation, which holds the monarch in deep respect for his wisdom, dignity, and service.

According to a statement issued by special adviser to the SGF on media and publicity, Yomi Odunuga, the President noted that the Ewi stool, one of the oldest and most respected traditional thrones in Yorubaland, embodies centuries of guardianship, order, and cultural continuity.

He added that Oba Adejugbe has upheld and elevated these values with ‘uncommon grace and distinction’ throughout his 35 years on the throne.

‘For more than three decades, Oba Adejugbe has embodied these sacred responsibilities with distinction. Under his reign, Ado-Ekiti has witnessed sociocultural renewal, strengthened communal harmony, and closer engagement with government institutions,’ the President said.

Tinubu lauded the monarch’s advocacy for education, youth empowerment, peace-building, and the preservation of Ekiti’s moral and cultural heritage, noting that these qualities had earned him admiration far beyond the state.

Describing the 80th birthday as ‘a remarkable milestone’ marked by memories of service and dignity, President Tinubu said it offered a moment to honour a royal father whose influence had strengthened national unity and enriched Nigeria’s cultural fabric.

‘His Imperial Majesty has not only preserved the prestige of the Ewi stool, he has elevated it, demonstrating the highest ideals of integrity, humility, courage, and patriotic commitment,’ he said.

Ahead of the grand finale of celebrations on November 23, 2025, the President, through the SGF, prayed for God to grant the monarch renewed strength and long life.

He reaffirmed the federal government’s deep respect for the Ewi’s contributions to peace, unity, and national development.

Senator Akume also extended congratulations to the royal family, the Ado-Ekiti Traditional Council, and the people of Ekiti, describing Oba Adejugbe as a monarch whose life ‘continues to illuminate the path of justice, wisdom, and communal progress.’

‘We celebrate not just the age of 80, but a reign that has deepened the cultural dignity of Ekiti and captured the admiration of a grateful nation,’ he said.

No attack on ECWA church in Gombe council, say Police

The Gombe State Police Command has described as false reports of an attack on the ECWA Church, Kashere, in the Akko Local Government Area.

Spokesman for the command, DSP Buhari Abdullahi, dismissed the report in a statement on Sunday.

According to him, the police, upon seeing the claim, reached out to an elder of the church who dismissed the reported attack as a total falsehood.

Abdullahi said the Divisional Police Officer (DPO) in charge of Pindiga and the Officer in Charge of the Kashere Police Outstation were the ones who immediately reached out to one of the church elders.

‘The elder, who was physically present in the church during the second segment of the Hausa service, confirmed that no such incident occurred. He also acknowledged that police officers were at the church premises throughout the day, protecting part of the routine security coverage.

‘The command views the circulation of such false information as irresponsible and capable of creating unnecessary panic among the public. The source of this misinformation will be thoroughly investigated with a view to taking appropriate action.

‘Members of the public are advised to remain calm and law-abiding, as the Gombe State Police Command remains fully committed to ensuring the safety and security of all residents across the state,’ said Abdullahi.

Tech expert launches transformational book

Aseasoned tech expert and visionary, Kazeem Tewogbade has launched a book, ‘Unlikely’.

Tewogbade, the Group CEO and Co-Founder of Bluechip Technologies, one of Africa’s leading data analytics and enterprise solutions companies and lover of education, said the book ‘is more than a story, as it is a journey of resilience, humble beginnings, vision, and the power of staying committed when the odds are stacked against you.’

With over 25 years of professional experience, Tewogbade has contributed immensely to technological growth, capacity building, and talent development.

A First Class degree holder in Computer Science from the University of Ibadan, Tewogbade explained that he was inspired to write the book because he felt it was important to document his journey in life.

Tewogbade stated that the book was berthed for young people seeking direction, entrepreneurs in need of motivation, professionals aiming for excellence, and any man that believes in the possibility of greatness despite challenges.

‘This book ‘Unlikely’, is about me as much as it is about my mother, Alhaja Adunni, my jewel of inestimable value, who will toil and stoically make sacrifices to ensure she is on ground to raise me well

Reviewing the book, Olumide Soyombo, the author’s partner and co-founder at Bluechip Technologies, said: ‘Unlikely’ is not just a book, it is a mirror for anyone who has ever felt behind. It is a compass for anyone who has ever felt uncertain. It is a reminder that excellence can come from anywhere, and anyone. It is a testimony that the God who gives some people head starts also gives others the stamina to run from behind and finish convincingly.

Kazeem writes as a man who has lived, reflected, and understood. Through this book, you will hear him loud, with wisdom, with humility, and with truth. ‘Unlikely’ is a book worth reading, a life worth studying, and the author a man worth celebrating. My friend, my partner, and one of the most quietly brilliant minds I know.’

Gani Adams tasks Yoruba groups in South Africa on preservation of culture, economic empowerment

There is a need for unity among Yoruba groups in South Africa to foster cultural preservation, economic empowerment, social cohesion and national integration, the Aare Ona Kakanfo of Yoruba, Iba Gani Adams, has said.

Adams explained that such unity would also help with economic and political empowerment, as a united Yoruba community in South Africa can better advocate for its interests, access resources, and participate effectively in socio-political and economic activities both locally and in relation to Nigeria.

Adams made the call while speaking at the 10th anniversary celebration of the Oodua Progressive Union (OPU), South African chapter.

He stressed that unity among Yoruba groups in South Africa will help safeguard and promote Yoruba cultural practices, language, festivals, and traditions in the diaspora.

Such collective effort, he noted, will ensure that Yoruba heritage remained vibrant and is passed down to future generations despite being away from the homeland.

‘Unity fosters a strong sense of community and belonging among Yoruba people in South Africa. It facilitates mutual support, cooperation, and collective action in addressing social, economic, and cultural challenges faced by the diaspora community,’ Adams said.

Speaking on the essence of teaching children of Nigerians in the diaspora their indigenous language, Adams said the importance was multifaceted and deeply significant culturally and educationally. He encouraged the Yoruba communities in South Africa not to fail in this parental responsibility.

‘Teaching Yoruba to children of Nigerians abroad helps preserve their cultural identity and heritage. It connects them to their roots, traditions, values, and history, fostering a strong sense of belonging and pride in their Nigerian and Yoruba ancestry,’ he added.

In his address, the host and National Coordinator, Oodua Progressive Union (OPU) South Africa, Chief Kayode Orenisi, said the 10th year anniversary celebration of OPU South Africa was a celebration of a decade of impact, unity, and progress.

‘This is a celebration of 10 years of carrying the torch of Yoruba heritage, 10 years of promoting our values, and 10 years of standing together as one big family in the diaspora.

‘When we began this journey, our goal was simple but powerful: to preserve our culture, uplift one another, and represent the Yoruba nation with dignity and pride anywhere we find ourselves. Today, by God’s grace, we can proudly say we have stayed true to that vision,’ he added.

JUST IN: 50 pupils escape abductors, reunite with parents in Niger

The Bishop of the Catholic Diocese of Kontagora, Reverend Bulus Dauwa Yohanna, has confirmed that 50 pupils of St. Mary’s Catholic Primary and Secondary Schools in Papiri, Agwara Local Government Area, have escaped from their abductors and reunited with their parents.

Reverend Yohanna, who is the Proprietor of the school, disclosed that the students escaped between Friday and Saturday but were unable to return to the school.

The development came to light when some parents informed the school of their children’s safe return, while school staff discovered others during visits to families.

Providing an update on the school’s population, Yohanna said the primary section has 430 pupils, including 377 boarders and 53 non-boarders.

The total number of secondary students is still being verified, as many records were destroyed during the abduction.

‘Currently, aside from the 50 pupils who escaped and returned home, 141 pupils were not taken. As it stands, 236 pupils remain in captivity, along with three children of staff, 14 secondary students, and 12 members of staff,’ Yohanna stated.

It was previously reported by the Principal, Rev. Sr. Felicia Gyang, that the bandits initially targeted the primary school dormitory. To protect other students, the principal and fellow sisters guided secondary school pupils into nearby bushes to evade the abductors.

Yohanna, who also serves as Niger State Chairman of the Christian Association of Nigeria (CAN), called for prayers for the safe and speedy release of the remaining abducted children and adults.

‘As much as we receive the return of these 50 children that escaped with some sigh of relief, I urge you all to continue in your prayers for the rescue and safe return of the remaining victims. I want to call on everyone to remain calm and prayerful as we will continue to actively collaborate with security operatives, community leaders, government, and relevant authorities for the safe and quick return of all abductees.’

However, in a related development, the Niger State Governor, Mohammed Umaru Bago, described the incident as more of a scare and of missing people rather than a kidnapping, stressing that it was quick to conclude that it was a case of abduction and for any figures to have been revealed.

‘Yes, there was a scare, sporadic gunshots, and the children ran because they were targeted. And from the Google imagery, there was no mass movement of people, but people running up and down’, he said.

He, however, confirmed that some of the children have been found and reunited with their families, adding that efforts are being intensified to find the rest soon.

Speaking on TVC News Live at 10 pm on Saturday, the Governor sought calm from all residents of the state over the incident, assuring that security agencies are not leaving any stone unturned to ensure the children are rescued unhurt.

He also stressed that the incident was avoidable, stating that it is not the time for a blame game but to correct all mistakes, get the children back, reunite them with their families, and forge ahead.

He again applauded the federal government for tremendous support, especially in terms of personnel and equipment to aid in surveillance and rescue operations.

WhyteCleon hosts 2025 ‘Cleon Health Walk’ to raise awareness on diabetes, hypertension

WhyteCleon Limited, a leading HR consulting and outsourcing firm, yesterday staged the Cleon Health Walk 2025, a major fitness and medical awareness campaign aimed at tackling the rising cases of diabetes and high blood pressure (HBP) among Nigerians.

The event featured free medical tests, a health lecture, aerobics sessions, and a community fitness walk that recorded an impressive turnout.

Speaking at the event, the company’s General Manager (Operations), Mr. Yakubu Wuyep, said the initiative was designed not only to promote healthy living but also to strengthen unity, encourage employee engagement, and raise public consciousness about preventable health challenges.

‘We aim to achieve a plethora of things with just this one event,’ Wuyep said. ‘We want to promote unity, networking, and most importantly, bring to public awareness the prevailing health issues. This year, from the medical records of our staff, diabetes and high blood pressure have emerged as common ailments. We want people to consciously live healthy lives so these ailments don’t take them by surprise.’

He explained that diabetes and hypertension were specifically selected for the campaign due to their growing frequency among the company’s workforce.

‘Many of our people have been visiting hospitals, and the results kept pointing to these two conditions. So we felt the need to create awareness, asking people to watch what they eat and be intentional about healthy living,’ he said.

More than 2,000 participants-including staff, partners, and friends of the company-took part in the awareness event.

On arrival, participants received free blood pressure and blood glucose checks before engaging in the fitness activities. The programme also featured a health talk by medical practitioner Dr. Kolade Faleke, who stressed the dangers of inactivity and the increasing prevalence of hypertension and diabetes in Nigeria.

‘Hypertension is highly prevalent in Nigeria,’ Dr. Faleke explained. ‘One major cause is inactivity. Many of us spend long hours at work with little physical exercise. Scientific studies have shown that exercise helps curb and manage both hypertension and diabetes. This walk is a good start, but the key is to make exercise a continuous lifestyle.’

The health walk commenced at 10:29 a.m. from Bendel Close, moving through Bishop Aboyade Street to Adetokunbo Ademola Street, Akin Adesola Street, Muri Okunola Park, Adeola Hopewell Street, Akinogun Savage Street, and back to Adetokunbo Ademola to finish at Bendel Close at 11:42 a.m.

Security was fully coordinated, with support from LASTMA and the Nigeria Police Force, ensuring crowd control, orderly movement, and safety throughout the walk.

Cleon Health Walk is a biannual initiative, and according to Wuyep, this year marks its third edition in the current biannual cycle. Whyte Cleon has hosted the event since 2015, further cementing the company’s commitment to corporate wellness and employee engagement.

‘We want people to network, bond, and realize that the company truly cares for them,’ Wuyep added. ‘This is also an employee engagement activity. After today, we hope people become more conscious about healthy diets, regular exercise, and general well-being.’

Wuyep also encouraged staff members who could not attend to make a strong effort to participate in future editions.

‘There will always be a few who can’t make it, but our advice is that they join next time to benefit from the essence of the programme.’

NDDC gives relief to fire disaster victims

A major relief came the way of the 2024/2025 victims of the inferno incidents in Ika South and Ika North-East Local Government Areas of Delta State, as the Chairman, Governing Board of the Niger Delta Development Commission (NDDC), Barrister Chiedu Ebie, on behalf of the Commission presented financial support and palliatives to them recently.

Organised by the Commission in collaboration with the UsFirst Charity Foundation, the presentation took place at the Vienna Arena Event Centre, Boji Boji Agbor.

Speaking at the event, Ebie stressed that the NDDC Board is pro-people as such would continue to actualise its mandate to the people.

According to him, the Commission’s gesture was part of its renewed drive to respond to the needs of people affected by natural or man-made disasters in the Niger Delta region.

Ebie pointed out that the new leadership and management of NDDC remain committed to serving the greater good of the greater number of Niger Deltans.

‘We are here today to say to the victims, ‘sorry for your loss, wipe your tears.’ This token is our way of identifying with you and easing the pain of your losses. ‘The new NDDC is about people, compassion and accountability,’ he assured.

Kaduna govt denies El-Rufai’s claim of ?1bn payment to bandits

The Kaduna State Government has dismissed as false and politically driven the claim by former Governor Nasir Ahmad El-Rufai that the administration of Governor Uba Sani paid ?1 billion to bandits.

El-Rufai made the allegation during a Channels Television interview, but the government described it as baseless and intended to undermine the state’s ongoing security progress.

In a statement issued on Sunday, the Commissioner for Internal Security and Home Affairs, Hon. (Dr.) Sule Shu’aibu, SAN, said the claim was ‘a fabrication devoid of context, substance, or credibility,’ accusing the former governor of attempting to mislead the public.

The government criticised El-Rufai for ‘recklessly weaponising sensitive security matters for political grandstanding,’ saying such conduct is unbecoming of a former leader.

Shu’aibu stressed that Governor Uba Sani has never authorised, negotiated, or paid ransom to any criminal group.

‘Not one naira. Not one kobo,’ he stated, noting that the Governor has repeatedly clarified this in media engagements and stakeholder meetings.

The statement referenced the Office of the National Security Adviser (ONSA), which had previously dismissed similar claims by El-Rufai as unfounded and inconsistent with national security protocols. ONSA has maintained that neither the Federal Government nor state governments pay ransom to criminal elements.

Outlining its security strategy, the government said it is pursuing a community-focused model anchored on enhanced military operations, collaboration with legitimate community leaders, and improved access to education, healthcare, and economic opportunities.

‘The State engages communities, not bandits,’ the statement emphasised.

Grassroots organisations, including the Birnin-Gwari Vanguard for Security and Good Governance, also rejected El-Rufai’s claim, describing it as misleading and untrue. The group faced some of the state’s toughest security challenges during his tenure.

The government further pointed to past allegations raised by senior members of El-Rufai’s own administration suggesting he used public funds to appease certain groups, calling his current accusations ‘deeply paradoxical.’

Since assuming office, Governor Sani has focused on stabilising affected communities, reopening schools, markets, and farmlands, and rebuilding trust across ethnic and religious divides.

The statement challenged El-Rufai to present credible evidence-such as bank records, memos, or security correspondence-if he has any. It added that a similar allegation he made in September 2025 ‘collapsed under scrutiny’ after no proof was provided.

The government demanded that El-Rufai withdraw the claim and issue an unreserved public apology within one week, warning that failure to do so may compel the State to pursue legal action ‘to safeguard public order and institutional integrity.’

Reaffirming its commitment to transparency and responsible security management, the Kaduna State Government said it will not be distracted by ‘politics of bitterness, fearmongering, or orchestrated falsehoods.’

CBN: Monetary policy easing succeeding with inflation rate decline, FX reserves growth

Nigeria’s inflation rate has continued to cool, falling to 16.05 per cent in October from 18.02 per cent in September 2025. The inflation rate drop was largely driven by the monetary policy easing and positive outcome of key reforms instituted by the Central Bank of Nigeria (CBN), which triggered continued FX stability, spike in foreign reserves to $46 billion. The monetary policy easing cycle is expected to be sustained as the Monetary Policy Committee converges in Abuja on November 24th and 25th for its 303 meeting. CBN governor, Olayemi Cardoso explained highlighted the positive impact of previous MPC decisions including making naira more competitive at the international markets, and improving investment climate for global investors.

The Central Bank of Nigeria (CBN) says ongoing policy easing and structural reforms are beginning to filter through to the broader economy, helping to stabilise the naira and ease lending rates as inflation continues to moderate.

For the bank, the recent monetary policy actions reflect a deliberate strategy to restore macroeconomic stability after years of fiscal and external pressures.

These developments reflect the commitment and focus of the Bank’s leadership in restoring stability to the financial system, adding that lower lending rates are emerging as one of the tangible outcomes of the CBN’s policy trajectory.

The CBN said alignment of fiscal and monetary policies is indispensable at a time when technological innovation and digital finance are rapidly transforming the financial landscape.

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has trimmed the benchmark interest rate by 50 basis points, reducing it from 27.5% to 27%. The decision was reached during the committee’s 302nd meeting, held on September 22 and 23, 2025 which has significantly led to inflation rate decline. The move marks the first rate cut since the tightening cycle began, signaling a shift in policy direction as inflationary pressures begin to ease.

Already, the National Bureau of Statistics (NBS) said that in October 2025, Inflation reduced to 16.05 per cent from 18.02 per cent in September 2025. This was contained in the Consumer Price Index (CPI) Report of October.

NBS said, ‘In October 2025, the Headline inflation rate eased to 16.05% relative to the September 2025 headline inflation rate of 18.02%.’

On a year-on-year basis, NBS said the Headline inflation rate was 17.82 per cent lower than the rate recorded in October 2024 (33.88 per cent).

The report said this shows that the Headline inflation rate (year-on-year basis) decreased in October 2025 compared to the same month in the preceding year (i.e., October 2024), though with a different base year, November 2009 = 100.

NBS added, ‘On a month-on-month basis, the Headline inflation rate in October 2025 was 0.93%, which was 0.21% higher than the rate recorded in September 2025 (0.72%).

‘This means that in October 2025, the rate of increase in the average price level was higher than the rate of increase in the average price level in September 2025.’

The ongoing moderation in inflation rate, rising competitiveness of the naira and growth in foreign reserves all point to a positive phase in Nigeria’s economic position.

The International Monetary Fund (IMF) relied on these indicators to project a 3.9 per cent growth for Nigeria in 2025 as well as expanded stability in the FX markets.

The FX reforms, instituted by the Olayemi Cardoso-led Central Bank of Nigeria (CBN), new policies instituted by the Federal Government to boost local production, reduce forex demand pressure, and lessen domestic prices have been instrumental to macroeconomic stability.

The expectations are that the apex bank sustains the forex reforms while the fiscal authority strengthens efforts at enhancing FX earnings, especially from gas, oil and non-oil exports.

State of the naira

The naira has achieved a notable milestone, strengthening by 3.5 per cent against the U.S. dollar over the past ten months, reaching N1,450/$ at the parallel market. This recovery, though modest, signals a crucial shift, driven by coordinated adjustments to fiscal and monetary policies by the Federal Ministry of Finance and the Central Bank of Nigeria (CBN).

The start of the year saw the Naira trading at around N1,555/$. However, a brief period of instability saw the rate slip to a high of N1,597/$ by the end of April. The subsequent six months were marked by intense policy intervention. The naira briefly firmed up at N1,475/$ in October 2025 at the official market before settling at N1,500/$ at the parallel market yesterday, marking a 3.5 per cent gain from the January starting point.

CBN Governor Yemi Cardoso says naira is turning the corner, and becoming more competitive in the international markets.

He said Nigeria’s economy has been fully restructured and is now resilient, with huge buffers against global risks.

He spoke during the Intergovernmental Group of Twenty-Four (G-24) press briefing at the ongoing IMF/World Bank Annual Meetings in Washington DC, US.

Cardoso, who is the leader of the Nigeria delegation at the meetings, said the naira, has equally emerged as a competitive currency, with the economy witnessing positive trade balances and large businesses moving from imports to export of locally produced goods and commodities.

According to him, the positive economic indicators have combined to create resilient and strong buffers, keeping the economy in great shapes.

Speaking on the impact of the trade tariffs on the domestic economy, the CBN boss, said the tariffs are less of problems for the country.

‘And for us again, oil is basically the only commodity that was so exposed to the tariffs, and the impact of that was relatively modest. We now have a more competitive currency with the results that, for once, we have a situation where we have a positive balance of trade surplus, and we expect it to be six per cent in GDP for some time,’ he said.

‘So basically, what is happening is a complete restructuring of the economy, where we are encouraging people to go into domestic production, and, of course, discouraging imports,’ he added.

‘And I think we were very fortunate, because a lot of the things that were needed to have been done, we did them much earlier, and as a result of that, we’re able to create resilience and buffers against potential shocks,’ he stated.

Views from other stakeholders

The Director-General, the West African Institute for Financial and Economic Management (WAIFEM) Dr. Baba Musa, has called on government to ensure that 3.9 per cent growth for Nigeria in 2025 translate to decent jobs, rising incomes, improved productivity, and broader social welfare.

In his report presented at the recently concluded 2025 IMF/World Bank Annual Meetings in Washington DC, titled: ‘Nigeria’s Economic Outlook at a Turning Point’, he said as Nigeria moves further into 2025, Nigeria’s economic story is one of resilience, renewal, and strategic recalibration.

Musa, who is also the President, Nigerian Economic Society, said Nigeria’s economic trajectory is increasingly encouraging with the International Monetary Fund (IMF) projecting real Gross Domestic Product (GDP) growth of 3.9 per cent in 2025, up from 3.5 per cent in 2024, with further acceleration to 4.2 per cent in 2026.

Musa said Nigeria in 2025 is at a critical inflection point, cautiously optimistic yet structurally fragile.

‘Gains in growth, inflation moderation, and investment confidence mark important progress, but the work is far from complete. To sustain the recovery, Nigeria must maintain macroeconomic stability, deepen structural reforms, and ensure that growth translates into tangible improvements for citizens. Achieving this requires collaboration among government, private sector, civil society, and development partners,’ he said.

According to him, by committing to policy consistency, human capital investment, and inclusive growth, Nigeria can consolidate its recovery and emerge as a more competitive, resilient, and equitable economy in the years ahead.

‘Globally, economies are grappling with slowing growth, projected at 2.7% in 2025 by the IMF for advanced economies, and heightened geopolitical risks that affect trade and investment. Against this backdrop, Nigeria has demonstrated remarkable determination. Domestically, inflationary pressures, infrastructure deficits, and unemployment persist, yet they now represent policy frontiers rather than defining constraints,’ he said.

Musa said recent policy measures, ranging from fiscal consolidation to targeted monetary adjustments, have laid the groundwork for a sustainable growth trajectory.

‘The real test, however, lies not only in achieving stability but in ensuring that it translates into tangible socio-economic outcomes: decent jobs, rising incomes, improved productivity, and broader social welfare. If Nigeria deepens reforms, invests strategically in human capital, and leverages its structural advantages, the country can achieve not only recovery but inclusive and durable economic transformation,’ he said.

He said the growth for Nigeria is underpinned by stronger oil production following operational improvements and policy reforms in the petroleum sector.

‘Recovery in services, particularly telecommunications, financial services, and transport, reflecting resilient domestic demand. Improved agricultural output, thanks to favorable weather patterns and government support for mechanization and inputs,’ he said.

He said the recent GDP rebasing has also given a more accurate reflection of the economy, capturing growth in high-potential sectors such as digital services, modular refining, and the creative industries. This expanded view highlights opportunities for job creation, innovation, and revenue generation that were previously underappreciated.

According to him, inflation remains elevated but is gradually moderating. ‘Headline inflation declined to 18.02 per cent in September 2025, down from 20.12 per cent in August, reflecting improved food supply, seasonal harvests, and targeted interventions in the energy market. The Central Bank of Nigeria’s interest rate cut, the first since 2020, signals a nuanced policy shift: a deliberate effort to balance price stability with growth and employment objectives. This approach is consistent with modern macroeconomic management, where inflation targeting is tempered by the need to stimulate investment and production in key sectors,’ he said.

‘Investor sentiment is improving, illustrated by Shell’s approval of the HI Offshore Gas Project, expected to supply 350 million standard cubic feet of gas per day to Nigeria LNG. Economically, such projects deliver multiplier effects: they stimulate domestic suppliers, create high-skill and semi-skilled jobs, and strengthen Nigeria’s position as a reliable energy hub in Africa. They also enhance balance of payments stability, by promoting export-oriented production,’ he said.

Other steps to support economy

The CBN under Cardoso is cultivating multiple FX sources to increase dollar inflows, boost dollar access to manufacturers and retail end users.

From moves to improve diaspora remittances through new product development, the granting licenses to new International Money Transfer Operators (IMTOs), implementing a willing buyer-willing seller FX model, and enabling timely access to naira liquidity for IMTOs, the apex bank has simplified dollar-inflow channels for authorized dealers and other players in the value chain.

The move has led to substantial accretion to the gross FX reserves and supported the stability of the naira.

Given that FX inflows to the economy are strategic in achieving monetary and fiscal policy stability, the CBN under Cardoso puts in a lot of efforts in attracting more inflows into the economy.

Diaspora remittances to Nigeria, estimated at $23 billion annually remain a reliable source of forex to the domestic economy. There are also other sources and policies that are being explored by the apex bank to keep dollar inflows coming.

Deliberate closure of schools by government marks new low in Nigeria’s battle with insecurity

A grim new chapter is unfolding in Nigeria’s long-running battle with insecurity. State governments are closing school gates, instead of reinforcing them. This wave of deliberate shutdowns, sweeping across states, is a stark admission that authorities can no longer guarantee the safety of students.

Recently, the terrorists have shifted their focus on schools reviving the horrors of April 2014 in Chibok, Borno State where 276 girls were abducted and a similar incident February 2018 in Dapchi, Yobe State where 110 girls were kidnapped.

On Monday, 25 schoolgirls were abducted from Government Girls Secondary School in the Maga area of Kebbi State and on Thursday, just three days later, 315 students and 12 teachers were abducted from St. Mary’s Catholic Primary and Secondary Schools, Papiri, in Agwara Local Government Area of Niger State.

The response has been a domino effect of closures, from Kebbi to Katsina, and Niger to Plateau, including 41 Unity Colleges, marking a record low in the perception of insecurity in Africa’s most populous country.

The list is extensive, encompassing everything from local primary schools to prestigious federal colleges. In some areas, only boarding facilities are being closed; in others, the entire education system has ground to a halt.

List of schools closed by state government so far over insecurity

Kebbi State:

The Kebbi State Government ordered the closure of all public and private secondary schools, as well as all tertiary institutions across the state, except the College of Nursing Sciences in Birnin Kebbi.

The closure was announced in a joint statement by the State Commissioner for Higher Education, Issa Abubakar-Tunga, and the Commissioner for Basic and Secondary Education, Halima Bande. The commissioners stated that the decision was necessitated by recent attacks in parts of the state.

The affected tertiary institutions include, Kebbi State Polytechnic, Dakingari, Abdullahi Fodio University of Science and Technology, Aliero, College of Health Sciences and Technology, Jega , Adamu Augie College of Education, Argungu, School of Remedial Studies, Yauri.

Katsina State:

The state government ordered the immediate shutdown of all public primary and secondary schools.

According to Yusuf Suleman Jibia, the commissioner for basic and secondary education, the directive applies to all boarding secondary schools and other schools throughout the state.

Jibia said that the measure aims to strengthen security and protect the education system. He added that the decision is a precautionary step in response to ongoing security concerns in parts of the country. The closure will remain in place until security conditions improve sufficiently to allow the safe resumption of normal teaching activities.

Yobe State:

The Yobe State Government also ordered the closure of all boarding secondary schools in the state due to prevailing security challenges.

Kwara State:

The state government directed the closure of schools in four local government areas due to rising insecurity in certain communities. The Nigeria Union of Teachers (NUT), Kwara State Branch, announced the government’s decision on Wednesday.

Yusuf Agboola, the NUT Chairman stated that schools in Isin, Irepodun, Ifelodun, and Ekiti LGAs would be shut down.

The chairman said his union is complying with strict instructions from the Ministry of Education and Human Capital Development, following the government’s heightened concerns about new security threats in Kwara South.

Niger State:

The state government ordered the closure of all public and private primary and secondary schools throughout the state.

Governor Mohammed Umar Bago announced the directive on Saturday, 22 November, specifying that the shutdown includes all missionary schools, Islamic schools, and Federal Government Colleges, including the Federal Government College (FGC) in Minna, until further notice.

Tertiary institutions are generally unaffected, except those located in identified high-risk areas within the Niger North and Niger East Senatorial Districts, respectively.

Taraba State:

The government directed all public and private secondary schools with boarding facilities to immediately deboard their students.

Plateau State

The Plateau State Universal Basic Education Board (PSUBEB) also ordered the immediate shutdown of all basic schools across the state on Friday.

The directive, signed by Richard Nanpon Jonah, the Public Relation Officer (PRO) on behalf of the management of the board, made available to Journalists on Friday in Jos said it affects Government Junior Model Secondary Schools (GJMSSs), primary schools and day schools. According to PSUBEB, Government Junior Model Secondary Schools are to close effective Saturday, 22 November 2025, while all primary and day schools will shut down beginning Monday, 24 November 2025.

Meanwhile, President Bola Tinubu is assuring Nigerians that he will do everything in his power to rescue the kidnapped.

‘Let me be clear: I will not relent. Every Nigerian, in every state, has the right to safety – and under my watch, we will secure this nation and protect our people,’ he said on Sunday while confirming that 38 people kidnapped from a church in Kwara State have been rescued.