Author: Nouman Ali

Kaduna launches $150m fund to boost critical minerals exploration

Kaduna State has launched a $150 million Green Mining Investment Fund aimed at accelerating early-stage exploration of critical minerals and positioning the state as Nigeria’s most attractive destination for global mining capital.

The Fund was announced on the sidelines of the G20 Summit in Johannesburg-Africa’s first-where the Kaduna State Government signed a Memorandum of Understanding (MoU) with international advisory firm Core International at an event hosted by the Nigerian Investment Promotion Commission (NIPC).

According to a joint statement under the agreement, Core International and the Kaduna Mining Development Company (KMDC) will jointly structure the Fund and secure anchor capital, with a firm deadline to make it fully operational and deployment-ready by the end of Q1 2026.

Kaduna officials say the Fund directly targets one of Nigeria’s biggest mining barriers: the chronic shortage of early-stage, risk-tolerant financing needed to move mineral assets from potential to bankable projects.

The vehicle is designed as a private sector-led platform that will co-finance drilling, resource definition, and initial project preparation for minerals essential to the global energy transition-particularly lithium, rare earth elements (REEs), and gold.

Signing the MoU in Johannesburg was intentional, aligning Kaduna’s mineral ambitions with the G20’s priority on securing critical mineral supply chains and advancing clean energy development across the Global South.

‘This Fund is the mechanism that transitions Kaduna from having potential to realizing value,’ said Shuaibu Kabir Bello, managing director, KMDC.

‘Our commitment of capital signals to global investors that we are not just seeking funding-we are sharing exploration risk, providing data, and building a transparent, modern mining sector.’

Also speaking Suleiman Zakari, managing partner with Core International described the partnership as a ‘secure bridge for global capital,’ noting that the Fund is being designed to meet international standards for governance, transparency, and co-investment.

‘By signing this agreement at a moment when major economies are racing to secure critical minerals, Kaduna is sending a strong message: it is ready, organized, and investment-grade,’ Zakari said.

The launch of the Fund completes Governor Uba Sani’s State Exploration Acceleration Programme, which includes geological data generation, regulatory streamlining, and investor support systems. State officials say Kaduna is now presenting a fully de-risked and integrated investment environment-rare in Nigeria’s mining landscape.

By providing both data and co-financing, the state aims to shorten project timelines, attract strategic mining companies, and unlock billions of dollars in future investment.

With global demand for battery metals and energy-transition minerals surging, Kaduna is positioning itself as a frontier jurisdiction capable of supplying critical minerals to global markets while offering investors clarity, partnership, and reduced risk.

Tinubu confirms rescue of 38 kidnapped Kwara worshipers

President Bola Tinubu has confirmed the rescue of all the 38 worshippers abducted in Eruku, Kwara State

The President stated this in a message to Nigerian on his X handle on Sunday.

The President also promised to leave no stone unturned in his current efforts to recover all the kidnapped school children in Kebbi and Niger states

He said ‘ You will recall that I cancelled my trip to the G20 summit in South Africa to enable me coordinate the security efforts at home.

‘Thanks to the efforts of our security forces over the last few days, all the 38 worshippers abducted in Eruku, Kwara State have been rescued’

He also expressed his joy that 51 out of the missing students of the Catholic School in Niger State, have been recovered.

‘ I am closely monitoring the security situation nationwide and receiving continuous updates from the frontline.

‘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.’

Edo TVET students receive N40,000 stipends

The Edo state government has begun payment of N40,000 stipends to students attending the state-owned technical colleges.

This is in line with Governor Monday Okpebholo’s promise to key into the President Bola Tinubu’s vision for Technical and Vocational Education Training (TVET).

President Tinubu approved free accommodation, free tuition, free feeding, and payment of N22,500 stipends for students in Federal Technical Colleges across the country.

The initiative by President Tinubu saw a boost in enrolment figures in Technical Colleges

Edo Commissioner for Education, Paddy Iyamu, who spoke in an interview at the weekend, said Governor Okpebholo is building a new National College on TVET.

Dr. Iyamu said investment in education by the administration of Okpebholo led to increased enrolment in public schools from private schools.

Iyamu said investigations showed over 1,000 students migrated from private schools into four different public schools that were recently reconstructed or renovated.

He said over 68 schools have either been rebuilt or renovated across the three senatorial districts.

The Education Commissioner said 25 public schools were recovered from land grabbers, adding that a guest house built inside one of the schools would be demolished.

Iyamu said 1,000 teachers engaged by communities have been given full employment in the last one year, in addition to the 4000 casual teachers whose employment was regularised.

He said N3bn out of the N4.6 billion owed to workers of the state-owned College of Education, which was shut down for restructuring by the last administration, has been paid.

According to him, ‘The governor has made it clear that we must give the children of the poor a seat at the table of success, and in the last academic session we had over 1000 new students from the private sector, from the private schools enrolling into public schools.

‘For instance in Army Day Secondary School, we had about 502 students, in Evbareke, we have about 350, you can go there and verify in Uyiosa they call the school oti ku but today we have over 300 students so only these three schools, if I put them together, it is over 1,000 then when you not talk about the other areas, if we accumulate all the figures together it will be much but so that they don’t say we are giving ambiguous figures, I just try to be moderate in my figures. So it goes to show you the commitment of His Excellency.

‘It is the new schools that have attracted these numbers. It is the poor state of our schools that allows some of these private schools to exploit parents.

On technical education, Iyamu said the equipment bought has been installed in the technical colleges.

He said, ‘All schools are now free in line with the United Nations SDG for free education. Then, also free are the technical colleges. We came. It was in a sorry state. You have equipment that people procured. They have been showing on television since 2018. They didn’t install them. What’s the use? The essence is to make sure that the children of Edo State make use of that equipment. So that when you are building something like tiles, you cannot bring people from Togo or bring people from Cotonou.’

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.

The mother tongue

What we had thought was settled has unfortunately been re-opened: it is the subject of employing indigenous languages to teach children in their early part of schooling. The National Language Policy which formally gave the nod to the use of indigenous languages to teach in primary schools has been thrown out of the window. The policy stipulated that children from early childhood education to Primary Six should be taught in their mother tongue or the language of the environment. It was approved in 2022 as the National Language Policy for instruction in primary schools. The Minister of Education, Dr. Tunji Alausa, announcing its cancellation, said the policy did not deliver.

In his words: ‘We have seen a mass failure rate in WAEC, NECO, and JAMB in certain geo-political zones of the country, and those are the ones that adopted the mother tongue in an over-subscribed manner. This is about evidence-based governance. English now stands as the medium of instruction from pre-primary, primary, junior secondary, senior secondary and tertiary education.’

According to reports, the scrapping was approved at a meeting of the National Council on Education, its 69th that took place in Akure earlier this month, from 3rd November to 7th. Dr. Alausa said pupils taught in indigenous languages struggled with basic English comprehension, hence the higher failure rates. He said using the mother tongue in Nigeria for the past 15 years has literally destroyed education in certain regions. ‘We have to talk about evidence, not emotions.’

Anticipating criticisms, the Minister said stakeholders who might differ were welcome but asked that they come forward with verifiable data to support their positions, assuring them that the government remained open.

When the report of the cancellation of the policy reached me, my mind raced to Professor Babs Fafunwa now of blessed memory. He passed away 15 years ago, but not until he had witnessed the enheartening positive triumph of decades of his struggle to see indigenous languages as medium of instruction in our schools. I began to wonder how far he may have gone in the Beyond. I do pray, very far. I recall what appeared as correlation of indigenous language with the importance of names at a certain point in his life.

Maria Virginia Haoa writing about language in January 2022 stated: ‘Language is inseparable from our way of being, our thoughts, our feelings, our joys and much more. It is through our language that we show who we are. If our language disappears, the whole socio-cultural foundation of our community of our speakers is put at risk.’

Since each human being is his name; he is not just the name he bears, he is the name, it came as a surprise and it was instructive when Prof. announced his change of name. A name when it is called rings out using voice waves. In 1990, he decided to readjust his name and I could not help but spread it in this column, so I wrote as follows: Captioned ‘Je m’appelle Aliu Babatunde Fafunwa’

‘Meanwhile, I have been advised of the affidavit to which Professor Fafunwa swore recently. He, formerly known as Professor Babs Fafunwa wishes to be known and addressed henceforth as Professor Aliu Babatunde Fafunwa. All former documents remain the same. Federal Ministry of Education and Tai Solarin to note.

‘Tai Solarin is the Prof.’s friend. The change of name is coming at a time Dr. Solarin has renewed his battle against what he has described as foreign names. Dr. Solarin admires Professor Fafunwa’s scholarship in the same manner and degree he respects Professor Sam Aluko and the late Professor Ayodele Awojobi. Dr. Tai Solarin has to adjust a habit that has endured for nearly 30 years of their friendship and mutual respect. He has no choice in the matter. It is a decree issued by the bearer and owner of the name: ‘Je m’appelle Aliu Babatunde Fafunwa.”

That was 35 years ago. Today I wish him help and pray that his path may be blessed wherever he may be, awakened into joyful activities in his continuing journey through Creation with gaze turned upwards.

According to UNESCO 2016: Studies indicate that instruction in a student’s native language improves understanding, analytical skills, and over all academic achievement. It enriches the learning experience but also promotes environmental stewardship and cultural resilience.

A study published in December 2021 by the Australian National University, according to UNESCO website, corroborates this, raising alarm on the future of linguistic diversity and underlying the point that of the world’s 7,000 recognised languages -6,000 of which are indigenous languages-around half are currently endangered, with 1, 500 particularly at risk. When an indigenous language is lost, not only does the knowledge accumulated by the community of its speakers fade away, but also the world’s cultural and biological diversity.

The principle of using native language as medium of instruction is stretched wider than just school teaching to what the UN considers as touching on fundamental rights of the citizens. This is reflected in the Declaration on the Rights of Indigenous Peoples (UNDRIP) adopted by the UN in 2007 to which the International Labour Organization (ILO) is said to have made substantial input. It encompasses the right for communities to practise and transmit their traditions and languages as well as to protect their heritage and objects. It is not from what any society would want to cut off their children, but to ingrain in them their uniqueness. For this reason, most major countries of the world, notably China, Germany, France, for example use native languages to teach in their schools. In the Philippines, indigenous peoples use their mother tongue as the primary language of instruction. The same obtains in Tanzania, Kenya and Tanzania. Kenya’s renowned writer Ngugi wa Thiong ‘o says: ‘Language exists as culture; it is the collective memory bank of people’s experience in history.’

International Expert Group meeting on Indigenous Languages from 8th to 10th January 2008 in New York considered language as the cornerstone of culture and the ultimate expression of belonging as it is through language that culture is shared and transmitted; a unique world view is expressed and identity is moulded and created. Connected with language is indigenous peoples’ ultimate relationship with the land.

The scrapping of the policy and the plan is obviously to halt the embarrassing high failure rates. The nation is eagerly awaiting the coming on stream of what the Minister of State for Education, Professor Suwaiba Ahmed announced as other measures to address learning challenges at the foundational level. She said a training package for teachers that focuses on literacy and numeracy is being designed. It specifically targets teachers of pre-primary to Primary One to Three. ‘We are training them on the best methods to teach literacy and numeracy and the approach to classroom learning.’ It is to be hoped the training is going on simultaneously in all parts of the country and sight will not be lost of the essence of returning to the use of indigenous languages ultimately. What happens during the gestation period to stem failures must be in focus, too.

We would not know from where Professor Fafunwa was coming that made him apply himself unremittingly in the pursuit of getting indigenous languages used in Nigerian schools. I intervened in the debate at its peak in 1990, as follows:

Professor Babs Fafunwa will, it seems, need salesman Alex Nwokedi to push his product, Mother Tongue in schools, which refreshing and appealing as it is to our saturated ethnic sentiments, is not finding enthusiastic buyers in the market. Alex Nwokedi was that guy who had the magic of turning NEPA’s powerlessness to light. Darkness is darkness. What description, what definition are you going to give to a situation where there is power outage and there is no light, but utter darkness? In those days, Ogbuefi would make you to disbelieve yourself; he would try to make you comfortable and create a situation of light in your mind even though all around you was darkness. He was adept at it. He was tireless. He cared. All he was getting at was understanding. In the State House as General Obasanjo’s Press Secretary, he explained Obasanjo so well that Obasanjo smelled so sweet that the General could almost get away with anything.

NEPA’s case was bad; Obasanjo’s policies were not always without discomfort. Fafunwa’s case has merit. But habits change hard, at the same pace as the geological face of the earth. In the villages, what Fafunwa is struggling to persuade the urban people to buy is in place. It is in the villages more than 70 per cent of Nigerians live. Yet the strong opposition is coming from the substantial minority in the cities.

Part of the reason for the opposition may well be the desire to see one’s son speak Queen’s English and make him intelligent before his time so he can have a headstart in the future. The apprehension is understandable for the reason that a Mr. Crondje may emerge who will decree that you fail in English you fail in all subjects.

The experiment has been successful at Ife, by that we mean University of Ife, now Obafemi Awolowo University. Professor Fafunwa has achievement statistics to brandish to buttress his argument. But we don’t know how successful it is in the villages which have been on the same page and have been at home with Fafunwa’s programme. Ife, it can be argued, provides a rich and receptive soil to grow all-round pupils. There is hardly any parent on the campus who will fold his arms and cross his legs while his child is doing poorly in school. This is not in any way meant to diminish the noble thought behind Fafunwa’s programme.

The merit of Professor Fafunwa’s drive is, in my view, obvious. A child’s first contact with the world is through its mother and as it grows it communicates in her language. The homes where this is not the pattern must be few, indeed. Perhaps it may have to do with a medical condition that necessitates taking the baby away from her. The mother tongue is thus the language in the home. The first three years in the primary school when the local language will be the medium of instruction is the period of transition. It makes eminent sense that there is no sudden jump from language being spoken at home to a foreign language being spoken in school. It is unnatural. A child will be more at home if it first has grounding in its mother tongue and it moves step by step into the next stages of development.

A far more fundamental point is that language is a people’s culture. And culture is a manifestation of their development, that is the level of the development of their inner being. A rich inner life forms a rich culture, civility, humility and grace. Who does not rejoice in the culture of his people no matter where he may be, radiating warmth, the face shining and proudly in smiles, indeed, sunshine smiles? Time was-in the early stages of the development of man-when mankind were raw savages and their highest achievement was merry-making, pleasure, bloodletting, marriage and endless childbearing. As man developed, he grew out of primitivity and began to have high and noble aims and standards. As people must develop at their own pace in the exercise of their free will, the inalienable gift given to every man it follows that their inner clarity, perception must vary. The vehicles of expression of their perceptions must correspondingly vary-the Tower of Babel. No people may therefore be disturbed in their development. It means much more harm than is apparent to us debaters.

Everyone speaks the language that is appropriate for him and his development. When he is mature to recognise and speak the perfect language, he will do so and the perfect language already exists on the face of the earth-prepared for thousands of years for this time. It is, therefore, cruel, borne out of ignorance to attempt to separate a school child from his indigenous language that is inseparable from his being. The language of each people was derived from sounds in the elements special to their environment, infused with radiations were fashioned and shaped by Nature Beings to give each people their language intrinsic to them. The closer they are to Nature, observing Nature and obeying the Laws of Nature the sharper their perception, the higher their wisdom and the richer their proverbs.

Step forward Abraham Adesanya: Ibi ti a ti nlu lati injo. Enit’o ni nwon nlu l’oke Orun ko puro; eni t’o ni nwon jo ni Ajule Orun ko si so! (‘Where there is music, there is dancing. Therefore, whoever says there is beating of drum in Paradise, the Spiritual Realm has said the truth; and whoever says there is dancing in Primordial Spiritual Realm has not spoken amiss!’

Fafunwa’s programme is not as unworkable as it is being touted. There was a famous teacher at Abeokuta Grammar School who taught his students a science subject in the local language. The old boys of the school should remember him. There was hardly any of the students who offered the subject that did not pass it in high grades.

That said, it ought to be pointed out that Fafunwa’s critics have legitimate fears. The critics are from the cities and the cities are cosmopolitan. Do they send their children to the villages so they can be taught in the language of their parents? Their must be a way to allay their fears. If you asked me, I would say it is a question each parent should answer himself. The choice of what is best for his child is his.

Professor Fafunwa is on course, but he should be ready for battle. By the way, it may be interesting to know what the medium of instruction was in the primary school Professor Ayo Banjo, Vice-Chancellor of the University of Ibadan attended; the primary school for Professor Alfred Opubor; ‘Cicero’ Bola Ige; Professor Wole Soyinka; Professor Richard Anao; Justice Omololu Thomas; Dr. Stanley Macebuh; Emeka Odumegwu- Ojukwu; and some Speakers of the First Republic such as Adeleke Adedoyin. There are more, Great speakers of English Language-all’.

We learn from the unique Work, In the Light of Truth the Grail Message, by Abd-ru-shin, and I quote: ‘True progress for each people lies solely in the development of its own culture adapted to the soil, climate and race. Man must become indigenous in the purest sense, if he wishes to develop and expect help from the Light. He should beware of adopting the habits and customs of peoples alien to his nature, not to mention foreign opinions. To be rooted in one’s native soil is a basic condition and alone guarantees health, strength and maturity.’

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.

Closing schools amounts to surrendering to terrorists – PDP

The Peoples Democratic Party (PDP) has kicked against plans by the Federal Government to shut down schools over rising terrorist attacks and kidnappings.

Ini Ememobong, National Publicity Secretary of the party, on Sunday also called on President Bola Tinubu to resign if his administration cannot tackle insecurity.

The main opposition party reminded the All Progressives Congress (APC) administration that the protection of lives and property remains the primary responsibility of any government.

The reaction follows reports that the Federal Government has directed heads of the 41 unity colleges to shut down, in a bid to forestall further abductions of schoolchildren.

However, the PDP said: ‘At any time government is unwilling, unable, or incapable of executing this primary role, such a government must either ask for help (locally or internationally) or honourably resign, if it is sincere and responsible.’

The party noted that the country had witnessed a spate of kidnappings in different states – including the abduction of 25 students in Kebbi and 315 students and staff in Niger – which left families and communities in deep sorrow, fear, and anguish.

In response, different state governments in the affected regions adopted varying measures, including the closure of schools.

The PDP stated that contemplating the closure of the 41 federal government colleges amounts to surrendering to terrorists whose aim is to discourage children from pursuing formal education.

‘We warn that this closure, if undertaken, like many of this administration’s quick-fix approaches to serious governance issues, will amount to a complete surrender to terrorists, whose sole aim is to shut down schools and prevent children from obtaining formal education, which they declare forbidden. If the schools are closed, the goal of the terrorists would have been inadvertently achieved,’ the party said.

The PDP called on the Federal Government to develop a comprehensive security strategy instead of resorting to the simplistic approach of shutting down schools to prevent further kidnappings and score political points.

‘This alarm is crucial because, a closure of schools will certainly exacerbate the already challenging educational situation in Northern Nigeria, where, according to UNICEF, the majority of the 18.3 million out-of-school children (10.2 million at the primary level and 8.1 million at the secondary level) in Nigeria reside.

‘This data not only paints a grim picture but also mirrors the exact situation in Nigeria. The series of attacks and kidnappings in different states within a week, is indicative of the alarming insecurity that has become the contemporary lived experience and new reality of Nigerians under the APC-led Bola Tinubu government.

‘We charge the federal government to immediately fund and implement the National Policy on Safety, Security and Violence-Free Schools anchored on community intelligence and quick security response, capable of anticipating and contending with attacks on schools. Insecurity in schools will be a big disincentivisation for education in the country, especially in Northern Nigeria,’ he added.

Toyota showcases evolving mobility needs with broad model lineup

As mobility needs shift across Nigeria, Toyota Nigeria Limited (TNL) is showcasing a model range that reflects the country’s growing demand for reliable, versatile, and adaptable vehicles across both personal and commercial segments.

From compact urban crossovers to rugged off-road SUVs, the company has reinforced its long-standing reputation for reliability, customer-centred service, and market leadership.

Toyota’s pavilion at the Abuja International Motor Fair was turned into a hub for visitors seeking dependable mobility solutions backed by decades of brand trust.

According to the company, Toyota leveraged the event to reconnect with its loyal customer base and guide potential buyers through its proven lineup, from compact urban cruisers to rugged off-road icons.

The all-new Urban Cruiser, a compact crossover SUV with a 1.5-litre engine, is among the standout models, aimed at meeting the demands of urban drivers. Also on display is the Toyota Corolla, equipped with a 1.8-litre engine and available in both leather and fabric interior options.

Other models drawing interest are the RAV4 two-wheel-drive variant with leather seats, and the Camry luxury edition powered by a 3.5-litre engine. Commercial users are also catered for with the popular 16-seater Hiace bus featuring a 2.7-litre engine.

Also on display at the Fair is the rugged Hilux pickup, available in a 2.7-litre engine, alloy wheels, and both automatic and manual transmission options. The latest addition to the Land Cruiser Prado, newly introduced into the Nigerian market, is available in two trims: the 2.7-litre TX and the 2.4-litre turbocharged VX.

Toyota’s lineup also features the iconic Land Cruiser VX, widely regarded as the ‘King of the Road,’ now equipped with a 3.5-litre twin-turbo engine, sunroof, wireless charging, and reverse sensors. Complementing it is the Land Cruiser 300 GXR, offering rear-seat entertainment, three-row seating with collapsible seats, and a V6 4.0-litre engine.

Bukky Ogunnusi, speaking on TNL’s participation, the company’s unit head, advertisement and public relations, said the stand is strategically positioned to serve both existing and prospective customers with sales and after-sales inquiries.

She added that accredited Toyota dealers are fully represented to provide personalised attention to all visitors.

APC chieftain urges service chiefs to act swiftly as killings, abductions surge nationwide

Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC) in Osun State, has called on the nation’s Service Chiefs to urgently strengthen security operations as violent attacks, mass abductions, and killings continue to spread across several states.

Speaking with journalists on Sunday in Osogbo, the former lawmaker condemned the escalating incidents in Kwara, Kebbi, Niger, and other parts of the country, warning that the situation had become ‘unbearable’ for citizens.

Oyintiloye noted that the recent killings and abductions of worshippers, schoolchildren, and other vulnerable groups had plunged many families into distress and further deepened fears about Nigeria’s security stability.

‘I want to passionately appeal to the Service Chiefs to do everything within their power to rescue the abducted children and also stop the senseless killings by the terrorists across the country,’ he said.

He lamented that several communities had become desolate due to large-scale displacement, with families living in fear as violence spreads unchecked.

According to him, parents and relatives of abducted schoolchildren are ‘in a state of devastation,’ demanding urgent intervention from security authorities.

‘If it means the Service Chiefs changing their operational tactics to get things right, they should do so without hesitation because Nigeria is bleeding and time is running out,’ he added.

While acknowledging the efforts of security agencies, the APC chieftain stressed that the intensity and frequency of recent attacks required a review of operational strategies to stem the tide of violence.

He also urged President Bola Tinubu and Nuhu Ribadu, National Security Adviser, to uncover and prosecute individuals allegedly sabotaging military operations.

‘The President and the NSA should discreetly identify those sabotaging the efforts of the military in protecting Nigerians.

‘Those saboteurs within the system must be identified and flushed out before they do more damage,’ he said, expressing concern over reports of internal sabotage and external collaboration.

According to him, the manner in which some military efforts are being undermined suggests the need for a thorough investigation.

Oyintiloye commended Tinubu’s ongoing initiatives to strengthen national security and expressed optimism that Nigeria can win the fight against terrorism with collective cooperation and vigilance.

He appealed to citizens not to lose hope, saying the country will overcome its current security challenges with unity and sustained support for security agencies.