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President Bola Tinubu on Wednesday reaffirmed his administration’s commitment to empowering Nigerian youths and consolidating economic reforms, as the country marked its 65th Independence Anniversary.

In a national broadcast from the Presidential Villa, Abuja, Tinubu described young Nigerians as the ‘greatest assets’ of the nation, urging them to dream big and innovate across science, technology, sports, arts, and the creative sector.

The President highlighted several initiatives rolled out to support education, entrepreneurship, and youth development.

He disclosed that the Nigerian Education Loan Fund (NELFUND) had so far disbursed N99.5 billion in student loans and N44.7 billion in upkeep allowances to about 510,000 students across 228 higher institutions in the country.

‘Our administration, through policies and funding, will continue to give you wings to fly sky-high.

‘We created NELFUND to support students with loans for their educational pursuits. Approximately 510,000 students across 36 states and the FCT have benefited from this initiative, covering 228 higher institutions,’ he said.

He added that the Credicorp scheme had granted N30 billion in affordable loans to 153,000 Nigerians for vehicles, solar energy, home upgrades, and digital devices.

Similarly, he said the YouthCred programme, launched in June, had begun offering consumer credit to National Youth Service Corps (NYSC) members to aid their resettlement.

Tinubu further noted that the investment in Digital and Creative Enterprises (iDICE) programme, jointly implemented with the Bank of Industry, African Development Bank, French Development Agency, and Islamic Development Bank, was at the verge of full implementation.

This, he said, was to support the technology and creative sectors.

On the state of the economy, the President admitted that ongoing reforms had caused temporary pains, with inflation and high living costs affecting citizens.

‘The alternative of allowing our country to descend into economic chaos or bankruptcy was not an option.

‘ Sacrifices made were laying a new foundation cast in concrete, not on quicksand,’ he said.

He said the real measure of progress would be seen not only in statistics but also in food security, quality education, reliable electricity supply, and safer communities.

Tinubu urged state and local governments to complement federal efforts by boosting productivity, innovation, and enterprise.

‘Let us be a nation of producers, not just consumers. Let us farm our land and build factories to process our produce. Let us patronise ‘Made-in-Nigeria’ goods. I say Nigeria first,’ he declared.

The President assured citizens that the dawn of a new, prosperous, and self-reliant Nigeria was within reach, calling on all Nigerians to support the nation-building process.

The National Security Adviser (NSA) Mallam Nuhu Ribadu last night urged Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and other labour unions not to hurt the economy at a the government is making progress to redirect it time.

The NSA made the remark after stepping into the row between Dangote Refinery and PENGASSAN

The second day of the peace meeting initiated by the government was moved to the Office of National Security Adviser (ONSA) from the ministry of Labor and government.

‘They have not reached any conclusion yet but the NSA asked PENGASSAN not to hurt the economy,’ a source said last night.

Ribdau held talks with Dangote Group Chairman Aliko Dangote and representatives of oil workers’ union as part of steps to avoid a total shutdown of the oil and gas sector.

At the meeting were the Minister of Finance and Coordinating Minister for the Economy Mr. Wale Edun; Minister of Labour and Employment Mohammed Dingyadi; Minister of State for Labour and Employment Mrs. Nkeiruka Onyejeocha; PENGASSAN President Festus Osifo; Secretary of the union Lumumba Ighotemu and top government officials.

The meeting, which was still ongoing as of press time at 11.24pm, was holding in the Office of the NSA (ONSA) in Abuja.

The Upstream and the Downstream of the oil sector are now feeling the impact of the lingering feud between the refinery and PENGASSAN.

A source, who spoke with our correspondent, said: ‘There is an ongoing marathon meeting between the NSA and other key stakeholders, especially Dangote and PENGASSAN leaders.

‘Ribadu, who is the chairman of the Energy Security of the government, opted to intervene following the continuous spread of the strike action by PENGASSAN.

Edun warned that the ongoing strike poses a major threat to the nation’s fragile economy. He said government was determined to limit the impact of the industrial action, which followed the dismissal of 800 workers by Dangote Refinery and Petrochemicals.

Edun spoke after a nine-hour meeting convened by the Minister of Labour and Employment, Muhammad Dingyadi, stressing that resolving the dispute was urgent to keep country’s economy on track.

According to him, the strike was threatening critical supply chains in gas and crude oil, which are essential inputs for industrial production.

‘What is utmost in the minds of everybody- the public, the government, investors, and economic actors generally- is that we need to limit the danger of this action to the economy. We need to resolve it and get workers back to work. We need gas flowing, we need crude flowing, which is critical to where the economy is right now,’ Edun said.

He added that government remained optimistic that a resolution would be reached when talks reconvene today, noting that sustaining momentum in economic reforms required urgent restoration of operations at the refinery. ‘We don’t want this momentum broken. That is why we spent nine hours trying to resolve the issue. We are hopeful that later today we can break the deadlock and put this behind us so the Nigerian economy can move forward,’ the minister said.

The Nigeria Employers’ Consultative Association (NECA) has expressed concern over the ongoing action by PENGASSAN, warming that it was tantamount to self-help and economic sabotage.

It warned that coercing those not interested in a strike or disrupting the operations of businesses not party to a dispute is unacceptable and against global labour practices.

In a statement, NECA’s Director-General, Adewale-Smatt Oyerinde, stressed that while trade unions have the legitimate right to embark on industrial action, such rights must be exercised responsibly and within the bounds of the law.

Oyerinde noted that Nigeria has statutory institutions like the Industrial Arbitration Panel (IAP) and the National Industrial Court (NICN) to resolve labour disputes. According to him, resorting to self-help or treating these institutions with disdain would undermine the country’s industrial relations system and threaten economic survival.

He reaffirmed NECA’s commitment to upholding global labour standards in line with ILO Conventions 87 and 98, stressing that protections for union officials do not cover sabotage, coercion, or actions that endanger enterprises and national security.

While acknowledging workers’ rights, he maintained that such rights cannot override employers’ rights to manage investments or jeopardize enterprise sustainability.

The NECA DG urged the Minister of Labour and Employment to act decisively to stop the ‘wanton denigration’ of Nigeria’s industrial relations system. He called for the dispute to be resolved through lawful channels, warning that failure to intervene could damage economic sustainability, job creation, investment attraction, and national development.

Works Minister to PENGASSAN: prioritise national interest

Appealing to PENGASSAN to put national interest above union grievances, Works Minister, David Umahi, warned that the strike action could derail the country’s economic recovery.

Umahi who spoke in Lagos while inspecting the Lagos-Calabar Coastal Highway, stressed that stability in the oil and gas sector was crucial to sustaining development.

Petrol scarcity hits Abuja

In Abuja, petrol scarcity has resurfaced as most retail outlets remained shut while black marketers sold the product at inflated prices. Independent Petroleum Marketers Association of Nigeria (IPMAN) President, Abubakar Maigandi, said the disruption of supply from Dangote Refinery was the immediate cause.

PENGASSAN members continued their blockade of key regulatory agencies in Abuja, including the NNPCL, NUPRC and NMDPRA, despite a subsisting court order.

Pockets of long queues were observed at some gas stations in Lagos with private depots reported to have hiked pump prices to N980 per litre. Other oil sector groups, including NOGASA and PETROAN, appealed to government to quickly intervene, warning that the situation could spiral into a nationwide shortage.

CORAN begs govt to avert oil sector collapse

Reacting to the development, the Crude Oil Refineries Owners Association of Nigeria (CORAN) urged the Federal Government to urgently intervene to prevent looming collapse of the oil sector if the crises persist.

In a statement, the association stressed that private refineries had invested heavily to reduce dependence on imports, create jobs, and conserve foreign exchange. However, it said recurring disruptions, regulatory delays, and vested interests were threatening their survival.

‘Private refiners cannot survive in a hostile business environment where supply is used as leverage to stifle growth. Government must act impartially and decisively to protect operators and guarantee uninterrupted access to feedstock,’ CORAN said, calling for a binding framework that secures crude supply and restores investor confidence.

NISO blames power generation shortfall on gas disruption

Nigerian Independent System Operator (NISO) yesterday blamed the dip in electricity generation on the disruption of gas supply.

It allocated 3,656MW to the 11 Distribution Companies (DisCos) as at 15:39 hours yesterday.

The NISO said at 15:00 hours, 14 of the 26 generation Companies GenCos produced 3,798.86MW.

But its management, which made the issue of disruption known in a press statement, said it was due to the industrial actions of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) within the gas supply chain.

In s public notice titled: ‘Generation curtailment due to gas supply disruptions’, it said: ‘The Nigerian Independent System Operator (NISO) wishes to notify the public of recent major generation shortfalls on the National Grid, caused by industrial actions of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) within the gas supply chain.’

NISO further noted that the disruptions triggered widespread gas shortages, reducing available generation from over 4,300 MW in the early hours of Sunday, 28th September 2025, to about 3,200 MW at the lowest point.

In response, NISO said it has promptly deployed contingency measures to preserve the stability, security, and reliability of the National Grid.

According to the statement, key interventions include:

Hydropower Optimization: Strategic ramp-ups from major hydro stations, contributing over 400 MW of additional output to cushion the shortfall from gas-fired plants.

The Standard Organization of Nigeria (SON) has unveiled the ISO 37003:2025, Fraud Control Management System, noting that this is a powerful instrument to strengthen transparency, accountability and good governance in Nigeria,

The SON Director-General, Dr. Ifeanyi Chukwunonso Okeke said, the ISO 37003 2025 is a standard that provides a globally recognised framework for preventing fraudulent activities before they occur, detecting fraud efficiently when it arises, and responding decisively to ensure accountability by minimising damage.

More importantly, it fosters a culture of integrity by embedding fraud prevention into the very DNA of organisational operations.

Dr. Okeke spoke at the official launch of ISO 37003:2025, fraud control management system in partnership with British Standards Institutions BSI, in Abuja, stating that for the public sector, adoption of this standard will enhance transparency and accountability, reduce leakages, and rebuild public confidence. For the private sector, it will serve as a mark of integrity, signalling to partners and investors that Nigerian companies operate with the highest standards of governance.

He said: ‘For the economy as a whole, its widespread adoption will help improve Nigeria’s global rankings, attract foreign direct investment. SON is fully committed to ensuring that this standard does not remain on paper but is implemented effectively.’

He added that SON will roll out awareness campaigns, provide training for implementers and auditors, and establish a credible certification scheme. This he said is not a task for SON alone, it requires the active commitment of leaders in the public sector, captains of industries, professional bodies, and civil society organisations.

Convener, ISO/TC309/WG8, Prof. Oserheimen Osunbor, said the 37003 of 2025, which is a fraud control management system is the guardians for organisations managing the risk of fraud, this is intended to promote standard, not only in this country, but internationally. He explained that the making of ISO 37003 started on the sidelines of ISO TC 309 plenary in Sydney, Australia in November 2018.

‘There was awareness of fraud risks in organisations and existing fraud controls within the organisations, including internal fraud, whistleblowing, code of conduct, anti-fraud policies, fraud training, and management reviews to mitigate the impact of fraud.

‘With the existence of these internal mechanisms and statutory regulations, there was a clear need for an ISO standard dealing with fraud control. Research findings from the literature published by reputable sources show that fraud costs the global economy about $4 trillion per year. The chief executive of the Strategic Institute of Forensic Examiners puts it at $4.7 trillion a year, so it is increasing,’ he said.

He added that this Amounts to a total loss of seven per cent in the annual turnovers of the organisations. Based on the findings, the leadership of TC309 in 2022 approved the proposal and established Working Group 8 to develop a fraud control management system standard. After going through all the different stages of development, of working draft to committee draft, draft international standard to final draft international standard, the document was published as an international standard on 29th May 2025.

State governors yesterday challenged Nigerians to reflect on Nigeria’s journey to nationhood and renew their commitment to building a prosperous country.

The governors- Dikko Radda(Katsina), Sheriff Oborevwori(Delta), Hyacinth Alia ( Benue) and Bala Mohammed(Bauchi) – in their separate messages to mark the country’s 65 Independence today, noted that in spite of political, economic and security challenges, Nigeria is making progress.

They assured that there is light at the end of tunnel as exemplified by the many positives of the ongoing reforms by the President Bola Ahmed Tinubu-led Federal Government.

Former Vice President Atiku Abubakar, Deputy Senate President Barau Jibrin; Deputy House of Representatives Speaker Benjamin Kalu; African Democratic Congress (ADC) National Chairman David Mark; former Governor of Ekiti State Kayode Fayemi and Chairman of the Southern Senators Forum, Tokunbo Abiru, also congratulated Nigerians on the occasion.They called for peace, unity and resilience by Nigerians.

In Asaba, Governor Oborevwori urged Nigerians to remain steadfast in their commitment to building a stronger and more united nation, noting that the economy has improved tremendousy.

In a message signed by his spokesman Festus Ahon, Oborevwori rallied Nigerians to continue to support President Bola Tinubu’s ‘Renewed Hope Agenda’ as well as his administration’s ‘MORE Agenda’, which, he said, were designed to improve the living standards of the people.

The governor said his government was investing in massive infrastructure upgrades across the state, advancing a power revolution through a renewable energy mix, and creating an enabling environment to attract foreign direct investments.

Governor Radda described the anniversary as an opportunity for Nigerians to reflect on the country’s journey since October 1, 1960 till today.

Urging every citizen to partner governments at all levels against insecurity, he expressed optimism that the nation would overcome its present difficulties through collective efforts.

The governor, who lauded President Tinubu for prioritising security in the country, said: ‘As we celebrate 65 years of independence, we must recognise that nation-building is a shared responsibility.

”The security challenges confronting our dear nation require all hands on the deck.

”Citizens must partner with governments at all levels in combating insecurity, as security agencies alone cannot win the battle without citizens’ cooperation.

‘I urge every Nigerian, regardless of ethnic or religious affiliation, to see security as everyone’s business. Report suspicious movements, provide credible intelligence and support our security personnel in their efforts to keep us safe.’

Governor Alia donates to orphans

Benue Governor Alia paid special attention to orphans and vulnerable children in the state by donating food stuffs , cows and non-food items to them.

The beneficiaries are children of Mary Orphanage and Motherless Baby Home in Otukpo Local Government and the NKST Orphanage at Mkar, Gboko Local Government. The gesture will be extended to more orphanage homes across the state.

The governor, represented by the Permanent Secretary, Bureau of Internal Affairs and Special Services, Paul Okoh, explained that the donations were borne out of the governor’s love for the less privileged.

He said: ‘We are here at the instance of the Executive Governor of Benue State, Rev.Hyacinth Iormem Alia.

Bauchi governor plans investment summit

Mohammed, reassured residents of his administration’s commitment to sustainable development, as Nigeria marks its 65th Independence Anniversary.

In a goodwill message, the governor described the nation’s independence as a landmark moment that gave Nigerians the right to self-determination and growth.

He urged citizens to reflect on whether the vision of the country’s founding fathers had been fully realised.

‘Though our development trajectory may not match that of some countries that gained independence around the same period, particularly the Asian Tigers, Nigeria has made significant strides in governing itself, managing diversity and uniting towards nation-building,’ Mohammed said.

The governor noted that the prolonged era of military rule slowed democratic progress, but expressed optimism that 26 years of uninterrupted democracy had begun to yield dividends of good governance.

Highlighting his administration’s priorities, Mohammed said Bauchi would host an Investment Summit on October 8 and 9, to woo investors and harness the state’s economic potential.

He said peace remained the foundation for development, pledging to deepen collaboration with security agencies to protect lives and property.

‘I appeal to citizens to support security efforts by reporting suspicious movements or persons to relevant authorities,’ he added.

The governor urged Bauchi residents to rededicate themselves to unity, prayer and peaceful coexistence for the collective progress of the state and Nigeria.

‘As we celebrate this 65th Independence Anniversary, let us continue to work together in harmony, with hope in our hearts and faith in Almighty Allah, to make our state and country greater,’ he said.

Atiku to Nigerians: keep hope alive

Former Vice President Atiku Abubakar has commended the uncommon patience, endurance and resilience of Nigerians in holding the country together despite the socio-economic and security challenges.

In his Independence Day message released by his Media Aide Paul Ibe yesterday in Abuja, Atiku wished Nigerians a happy 65th Independence Day anniversary.

He urged Nigerians to keep hope alive, saying with the right leadership, the country can still rise to reclaim its rightful place among the comity of nations.

The one-time vice president said that despite of the immense human and material resources the country was blessed with, millions of Nigerians was still faced with challenges.

He called on Nigerians not to lose faith but to look forward to a better tomorrow.

‘The beauty of democracy lies in the power of the ballot,’ adding ‘that is the power no cabal can take away from the people.’

Barau felicitates Nigerians

Deputy Senate President Jibrin urged Nigerians to remain united and see beyond the current challenges facing the country.

He pointed out that what is uppermost now is for all to accord President Tinubu the needed support as he propels the nation to prosperity.

In a message by his Special Adviser on Media and Publicity, Ismail Mudashir, Jibrin appealed to Nigerians to remain resolute in promoting national unity, offering support and prayers for the government to turn the country’s fortunes around.

According to him, the benefits of President Tinubu’s economic reforms are beginning to manifest, and security has improved considerably over the last two years.

‘Fellow Nigerians, as we celebrate the 65th Independence of our beloved country, we must remember the enormous sacrifices made by our founding fathers: Dr Nnamdi Azikiwe, Chief Obafemi Awolowo, Sir Ahmadu Bello and Sir Abubakar Tafawa Balewa, among others, and recommit ourselves to the ideals they stood for, including the promotion of national unity, peace, justice, and tolerance.

Abiru: This is not the time to give up

The Chairman of the Southern Senators’ Forum, Adetokunbo Abiru, said the 65th Independence Anniversaty is a celebration of resilience and an enduring spirit.

He noted that despite the economic, social, and political hurdles, Nigeria remains a beacon of hope on the African continent.

Abiru said: ‘Our diversity – with over 250 ethnic groups and more than 500 languages – is our greatest asset. Under the green-and-white flag, we must continue to strengthen our unity, guard against actions that deepen our national fault lines, and renew our collective commitment to nation-building.’

He added: ‘I equally appeal to all Nigerians to continue to stand solidly with our esteemed leader, President Bola Ahmed Tinubu, as he provides bold and focused leadership that is clearly redirecting our country toward enduring sustainable development and economic growth.

‘The administration’s major policies have already begun to yield positive results. The harmonization of the foreign exchange market, among other laudable reforms, has helped to curb spiraling inflation, boost investor confidence, and lay the groundwork for a stable economic environment where enterprises can thrive – ultimately leading to shared prosperity.

This is not the time to give up on Nigeria. It

‘Let us continue to support President Bola Ahmed Tinubu to actualise his policies and programmes as encapsulated in the Renewed Hope Agenda. He has good intentions for the country. We will get it right.’

Nigeria making progress, says Kalu

Deputy Speaker Kalu said that despite the challenges facing the nation, Nigeria was gradually progressing to greatness.

He congratulated President Tinubu and Nigerians on the occasion and urged every citizen to rekindle their hope and renew commitment towards building a nation that benefits everyone.

While emphasising the significance of the Renewed Hope Agenda, initiated by the President, Kalu encouraged Nigerians to remain patient and work together in harnessing their diversity, resilience, and determination for the development of the country.

He said: ‘As we celebrate Nigeria’s 65th Independence , we reflect on our nation’s journey, achievements, and challenges. This milestone reminds us of the sacrifices made by our forebears and the collective efforts towards nation-building.

‘As we mark this significant day, let’s rekindle our hope, renew our commitment, and work tirelessly towards building a Nigeria that reflects the dreams of our founding fathers. Together, we can achieve greatness.

Mark to Nigerians: Remain resilient

ADC National Chairman Mark, reflected on the country’s 65 years of nationhood, describing the journey as one of resilience in the face of daunting challenges.

He acknowledged that the nation has gone through many trials and emphasised that Nigerians must not lose faith in their collective ability to rebuild and reposition the country for prosperity.

Mark consequently advised Nigerians to draw strength from history and confront present realities with courage and unity.

He said: ‘Sixty-five years ago, we lifted the flag of freedom and declared ourselves a sovereign people. That moment was not just the end of colonial rule; it was the beginning of our responsibility to build a nation worthy of our hopes.

‘Today, we look back with mixed emotions and gratitude for how far we have come, but concerned over the storms that still threaten our future.’

He noted that the country stands at a critical juncture, weighed down by insecurity, unemployment, inflation, food scarcity, and the collapse of industries.

‘Our communities are restless under the grip of insecurity. Our youths are losing hope to unemployment. Inflation has eroded the dignity of honest earnings, while factories close and businesses relocate, leaving despair in their wake. Families struggle daily to put food on the table. These are harsh truths we cannot deny,’ Mark, a former Deputy Senate President, lamented.

Despite these difficulties, Mark stressed that Nigerians must not give in to despair. He reminded them that the great nations of today were also built through periods of severe hardships.

On security, he called for urgent investment in intelligence, modern technology, and the welfare of security personnel while addressing the deeper causes of violence, poverty, injustice, and exclusion.

He urged revival of local industries, stronger support for small and medium-scale businesses, and an environment where investment can flourish as ways to buoy the economy.

On youth empowerment, Mark advocated equipping young people with relevant skills in technology, agriculture, innovation, and the creative sector beyond mere tokenism.

Above all, he called for a rebirth of unity and sacrifice; the same spirit that won independence in 1960.

He added: ‘No nation is ever too broken to be rebuilt when her people are determined. At 65, our burdens are real, but so is our resilience.

”Our hope must outweigh our despair, and our strength must carry us forward. Let us recover faith in our nation, work hand- in-hand and rebuild the promise of Nigeria.’

Mark further enjoined Nigerians to embrace the Africa Democratic Congress (ADC) as the party of choice and a credible platform that upholds democratic values.

He assured that if entrusted with the responsibility of leadership, the ADC would rebuild the nation and restore hope to its citizens.

Fayemi tasks leaders

Fayemi urged Nigerians to draw inspiration from the sacrifices of past generations, while committing themselves to building a more prosperous, just and inclusive nation.

He also called on leaders at all levels to provide visionary and selfless leadership that will inspire hope and confidence in the Nigerian project. The former governor noted in a statement by the Head of Fayemi Media Office, Ahmad Sajoh, that trials and triumphs have marked Nigeria’s journey since independence in 1960.

He added that what has kept the country going is the resilience of its people.

His words: ‘Our strength as a nation lies in our diversity and our determination to build a better tomorrow .

‘Though we have faced challenges, our ability to rise above adversity gives hope that Nigeria’s best days are ahead.’

Fayemi stressed the importance of promoting peace and harmony among all ethnic and religious groups, noting that the Nigeria’s diversity is an asset rather than a weakness.

‘At a time like this, we must resist all attempts to divide us along ethnic or sectional lines. We are stronger together, and only through unity can we achieve the greatness that our founding fathers envisioned.

‘As we celebrate this Independence anniversary, let us renew our faith in Nigeria and in one another. Let us continue to work for peace, progress, and national unity.

”With unity, understanding, and resilience, we will overcome our present difficulties and create a brighter future for generations yet unborn.’

Lagos Assembly hails President’s passion, dedication

The Lagos State House of Assembly has commended President Bola Ahmed Tinubu for his commitment to the ideals of a better Nigeria.

It also applauded the National Assembly and its leadership for standing strong and tall for the betterment of the country, urging them to keep the flag of democracy flying.

Moving a Motion Under Matter of Urgent Public Importance, House Majority Leader Noheem Adams commended the President for his contributions to the national development.

The lawmaker highlighted part of the President’s achievements as fuel subsidy removal which helped in stabilizing External Reserves, boosting investors’ confidence and improving external economic standing.

He also listed infrastructural development which includes major road projects and the Lagos – Calabar Coastal Highway.

Other Lawmakers took turns to reflect on challenges that the country has faced in terms of ethnic divide, military coups, Nigeria civil war, economic underdevelopment and controversial consensus from 1962 to 1963.

The House of Representatives Committee on Safety Standards and Regulations has inspected the 565MW Calabar, Power Plant in Odukpani, Cross River State, where it commended the Nigerian Holding Power Holding Company (NDPHC) for upholding safety standards.

The Committee gave the commendation after an on-the-spot assessment of the 565MW facility, noting significant improvements since its last visit in 2018.

This was contained in the statement, NDPHC Head, Corporate Communications and External Relations, Mr. Emmanuel Ojor issued from Abuja yesterday.

Chairman of the Committee, Hon. David Idris Zacharias, said the inspection was aimed at ensuring that Nigerians work in safe environments and enjoy long, healthy lives.

He praised the staff for maintaining the plant, stressing that the health and safety of workers in the power sector are critical to both government and the economy.

The statement quoted the chairman as saying, ‘We, the Safety Standards and Regulations Committee members, always appreciate when we step into any organisation and see that they have done very well. My impression here is positive, and you also heard the same from my honourable colleagues.’

He, however, noted that the visit was not only to commend but also to highlight areas requiring improvement.

‘When we come to a place like this, we must observe areas that need attention. What we are saying here is to encourage them to deepen their commitment to safety issues. We went round and saw their challenges, which we will take back to the government.

‘We are hopeful that by the time we return, some of the issues we observed would have been addressed,’ he added.

Specifically, the committee called for improvement in the work environment for staff, including better lighting, rest areas for shift workers, and adequate seating in offices.

Other members of the committee were Hon Harrison Anozie Nwadike, Hon Suleiman Abubakar Gumi, Hon. Kalejaiye Paul Adeboye, Hon El-Rasheed Abdullahi and Hon. Emmanuel Effiong Udo.

The lawmakers, who were conducted around the plant by the Chief Operating Officer of the Calabar Power Plant, Engr. Ayoade Olanrewaju Bex, described the facility as one of the best they had visited in terms of safety standards and compliance.

Welcoming the delegation on behalf of the Executive Director, Generation, Engr. Abdullahi Kassim, the General Manager, Generation Projects at NDPHC, Engr. Valerie Agberagba, said safety and standards remain top priorities for the company.

She stressed that the company’s workforce is central to its operations, adding that NDPHC would continue to improve the work environment for staff, particularly those at its power plants.

‘The visit of the House Committee on Safety Standards and Regulations was very important to us. It gave us the opportunity to assess where we are in terms of health, safety, and compliance with regulations and standards at our power plants.

‘For me, it was an eye-opener. You could see that when they compared the 2018 report to what they have now, there has been a great improvement in compliance. This shows that NDPHC is not taking issues of safety, regulations, and environmental standards for granted. We are working towards an environment that is safe for both our workers and the operation of the power plant,’ Agberagba said.

She stated that the company has taken note of the areas that need improvements, adding that ‘this management is very concerned about the welfare of the staff, because if they are not in a good position to work, we are not going to get the best out of them.

‘So those little observations have to do with good conditions of work for the staff, we will make sure that these things are taken into consideration in the shortest possible time.’

Also speaking, Ag. Head, Health, Safety and Environment, NDPHC, Austin Ijagem disclosed that the plant has not recorded any work related accident that has led to fatality since it began operations.

‘The safety at the power plant has been top notch. Their consultant mentioned that in 2018, when they visited, there were a lot of pending issues, safety concerns that they raised. And they have also acknowledged that when they came in today, the difference was clear. A lot of the safety concerns raised in 2018 have been closed out. That means we are getting nearer to almost zero pending issues as far as the safety at the power plant is concerned,’ he stated.

As Nigeria joins the rest of the world to celebrate United Nation’s World Tourism Day 2025 with the theme Tourism and Sustainable Transformation last Saturday, Group General Manager Continental Hotels, Mr. Karl Hala said that the Nigerian hospitality industry has shown remarkable resilience and innovation, despite facing some challenges. Citing World Travel and Tourism Council, he disclosed that travel and tourism contributed over N7 trillion to Nigeria’s GDP last year, accounting for nearly 5 percent of the total economy. The sector, he said, now supports 3.3 million jobs, with youth making up the largest portion of the workforce. ‘Investment in branded hotels has grown steadily, with Nigeria hosting over 9,000 quality rooms in international-standard properties,’ he added.

According to him, Nigeria has everything it takes to be the hospitality and tourism leader of Africa, noting that it has a rich cultural diversity, breathtaking natural assets, a dynamic youthful population, and a diaspora eager to rediscover their roots. He, however, added that Nigeria must build a strong national hospitality and tourism structure to realise this potential.

‘Telling a compelling national story is one step in the right direction. To compete globally, Nigeria needs to project its hospitality brand with clarity and pride. We must curate a narrative that showcases our unique strengths and attractions. At Continental Hotels, we say: Cradle of Humanity. This narrative exists, but it needs to be owned, structured, and broadcast consistently,’ he said.

Encouraged by emerging trends in the industry, Hala described Africa as the world’s fastest-growing tourism region, projected to grow by 5.4 percent annually through 2030.

He noted that though Nigeria’s domestic tourism market alone is a sleeping giant worth billions, digital innovation is reducing costs and expanding reach, and the young people are the secret power behind our industry’s growth.

He emphasized the need to invest in youth and innovation as the future of Nigerian hospitality lies in the hands of the young workforce. He stated that with proper skills, digital empowerment and entrepreneurship support, ‘they will carry us into the future. At Continental Hotels, we have seen the impact of investing in our people. A 23 year-old Nigerian graduate who joined our hotel as a trainee, developed a digital concierge tool that has cut our response time to guest requests by more than half.’

For a sustainable tourism industry, he identified three critical steps stakeholders must take- ‘tell a compelling national story: Nigeria must project its hospitality brand with clarity and pride; build real structures: we need a fully empowered national tourism board-transparent, innovative, and globally competitive; invest in youth and innovation: The future of Nigerian hospitality is not just in marble lobbies or tall buildings, but in the hands of our young workforce.’

While recalling part of Nigeria’s success stories in tourism industry, Hala said: ‘At Continental Hotels, we have lived this story firsthand. When we embarked on our mega expansion, many doubted our vision. But, we believed in Nigeria’s potential and invested in building a world-class hotel that would showcase the country’s hospitality. Today, our flagship property is a multi-award-winning hotel, employing hundreds and serving thousands. It has become a symbol of what is possible when vision, structure, and courage come together.

‘Our two flagship hotels-Abuja Continental Hotel and Lagos Continental Hotel have continued to be recognised in the hospitality industry. These iconic properties have consistently set the standard for excellence in Nigerian hospitality, and their recent awards are a testament to their unwavering commitment to quality and service.

President Bola Ahmed Tinubu on Wednesday, in his 65th Independence Anniversary broadcast, paid tribute to Nigeria’s founding fathers while defending his administration’s tough economic reforms.

He admitted that Nigerians are ‘racing against time’ to fix decades of underinvestment in power, roads, and infrastructure, but assured that the country has ‘turned the corner’ towards recovery.

Tinubu also pledged more support for youth, security and social welfare, stressing his vision of a prosperous, self-reliant Nigeria.

1. Tribute to Independence Heroes – Tinubu honoured nationalist leaders like Nnamdi Azikiwe, Obafemi Awolowo, Ahmadu Bello, Margaret Ekpo and others, reaffirming their dream of a prosperous and united Nigeria.

2. Acknowledgement of National Progress – He highlighted advancements since 1960 in education, healthcare, infrastructure, and technology, citing the expansion from 120 secondary schools to over 23,000, and from 2 tertiary institutions to more than 690 today.

3. Resilience Through Challenges – Tinubu reflected on Nigeria’s survival of the civil war, military rule, and political crises, stressing the nation’s determination to overcome adversity.

4. Commitment to Nation-Building – He said his administration is carrying on the ‘unfinished business’ of building a stronger Nigeria, in line with the sacrifices of past leaders.

5. Inherited a Weak Economy – Tinubu stated that his government met a near-collapsed economy due to decades of policy mismanagement.

6. Bold Economic Reforms – He justified ending fuel subsidies and unifying the exchange rate system, noting these steps freed funds for education, healthcare, security, agriculture, and infrastructure.

7. Economic Recovery Signs – Nigeria recorded 4.23% GDP growth in Q2 2025 (fastest in 4 years), inflation dropped to 20.12%, and external reserves grew to $42bn.

8. 12 Key Economic Milestones –

o Record non-oil revenue above ?20 trillion by August 2025.

o Debt service-to-revenue ratio reduced from 97% to below 50%.

o ‘Ways and Means’ debt repaid.

o Foreign reserves at a 6-year high.

o Tax-to-GDP ratio up to 13.5%.

o 5 consecutive quarters of trade surplus, with non-oil exports rising to 48%.

o Oil production rebounded to 1.68m bpd, with local PMS refining resuming.

o Naira stabilised; multiple FX rates abolished.

o ?330bn disbursed to 8m poor households.

o Coal and solid minerals sector booming.

o Major rail, road, seaport, and airport projects ongoing.

o Stock market hit record highs; credit rating upgraded; CBN cut interest rates.

9. Infrastructure Gap Acknowledged – Tinubu admitted Nigeria still lacks sufficient electricity, modern ports, and world-class roads due to past underinvestment, but vowed to correct this.

10. Improved Security Situation – He praised the armed forces for victories against Boko Haram, IPOB/ESN, and banditry, noting peace has returned to many communities in the North-East and North-West.

11. Youth Empowerment Measures – He called youths Nigeria’s greatest asset and highlighted programmes such as:

NELFUND: Over 510,000 students benefitted with nearly ?100bn in loans.

Credicorp: ?30bn loans granted for vehicles, housing, solar energy, and devices.

YouthCred: NYSC members accessing consumer credit.

iDICE: Multi-billion Naira programme to support digital and creative industries.

12. Support for Vulnerable Citizens – Over 8 million households have benefitted from social investment cash transfers.

13. Global Recognition of Reforms – Sovereign credit ratings improved, foreign investors are showing confidence, and the Nigerian stock market hit unprecedented highs.

14. Central Bank Policy Shift – Interest rates were cut for the first time in 5 years, reflecting restored macroeconomic stability.

15. Message of Hope Amid Hardship – Tinubu acknowledged inflation and rising living costs but insisted reforms were necessary to avoid bankruptcy and secure the future.

16. Call for Productivity and Patriotism – He urged Nigerians to produce more, patronise made-in-Nigeria goods, pay taxes, and reduce dependence on imports.

17. Unity and Shared Responsibility – He appealed for collaboration across federal, state, and local governments, stressing that everyone must play a role in nation-building.

18. Vision of a Self-Reliant Future – He assured Nigerians that ‘the dawn of a new, prosperous, self-reliant Nigeria’ is here, closing with a prayer for God’s continued blessing on the nation.

Nigeria is 65. She struggled for her independence, but never fought for it. That has made all the difference in her appreciation of her nationalism, unity and democracy. Also, Nigeria fought a civil war to stay united, but because the agonizing consequences of that war were not equally felt, the appreciation of the war’s underpinning value varies.

The choice of Nigeria becoming a democracy was not one made by Nigerians. It was a convenient and not-so-hard choice made on their behalf by colonial masters. As surmised by one writer, ‘Nigeria is a nation that insists on playing in the theatre of democracy, while the script is being written elsewhere.’ Nigeria’s present ethnic composition, defaults respectively to the feudal, monarchical, and republican system. If Nigeria was predicated purely on linguistic and ethnic considerations, there would have been, perhaps, five nations: Hausa, Igbo, Yoruba, Ijaw, and Fulani. Other smaller ethnicities might have also qualified as confederations. Efik-Ibibio would be one such nomenclature.

Because some things only happen in Nigeria, the nation is what it is, by expedient experimental foreign design. That is the stark reality. A corollary, is that in Nigeria, the defence of democracy or lack thereof, is quite often driven her fractured nature, systemic ethnic biases and by the ever-present irony of ignorance. Oftentimes, these ironies border on political idiocy. Nigeria is a perfect case study of a nation that has experienced colonial rule, self-rule, authoritarianism, military anti-politics and a dual subset of participatory democracy; as a parliamentary system and now, a presidential system.

The debate about Nigeria’s trajectory as a united nation has always been animated. Historically, Nigeria has tethered on the brink, but hardly ever reaching the tipping point. The presumptive basis for consolidated nation building has been dissected in all forms and manner, usually under the rubric of restructuring. Not even the Aristotelian dictate that emphasizes equality amongst equals and proportionality amongst the unequal seems to have helped.

As a nation of over 250 languages, with many ethnic groups and a surfeit of minorities, the dominant Yoruba, Hausa and Igbo tribes (WAZOBIA), have held the leadership sway since her independence in 1960. Yet, as unlikely as it seemed, by a twist of natural attrition and constitutional fiat, a member of a minority tribe, Goodluck Ebele Jonathan, fortuitously led the nation as president in the Fourth Republic.

Yet, discussing past, present, and future of democracy in Nigeria inevitably yields mixed results. Why? Because Nigerians covet democracy, but seem incapable of living up to its ideals. Some now even consider the military era, as more constructive, productive and cost-effective in developmental terms. Perhaps, democracy in Nigeria calls for putting new eyes on old ideas and controversies that hobble the nation.

The practice of democracy in Nigeria tends to negate the concept ‘of government predicated on the principle that power should be vested in the people.’ Also, democracy for Nigerians is no longer predicated on political beliefs as much as it’s driven by ethnic and social identities. Such identity paradox creates unending dissonance in democratic politics and governance. By extension, it amplifies Nigeria’s ‘growing distrust of and frustration with democracy.’ But then, Nigeria is not by any means the only nation where democracy has caused hyper-divisions in her political landscape.

A recent op-ed I wrote elicited the following rebuttal from an octogenarian, who was born in pre-independent Nigeria, lived in Biafra and served in her army, and consequently served as a career Nigerian Foreign Service Officer, rising to the rank of ambassador. His words: ‘If this Nigeria doesn’t die, a rebirth of a new Nigeria might be a hoax.’ His perspective is Biblical and Botanical.

Biblically, we read about destroying the temple and rebuilding it in three days, which for believers, is epitomized by the consequent death and rise of Jesus Christ. Botanically, seeds die in order to regenerate and germinate and bring forth new plants and growth. Another interlocutor asked: ‘How will Nigeria not die or be saved when Nigerians are afraid to die or even make sacrifices for the sake of saving her.’

These observations are beyond rhetoric. The debate about Nigeria’s fate and future tends to be schizophrenic: blunt and dodgy at the same time. Nigerians covet democracy but are unwilling to make sacrifices that underpin its efficacy, robustness and survival.

The desirable quest for a New Nigeria is aimed at amplifying and consolidating her democracy, with its consequential rights, liberties and equality for all. The defence of democracy in Nigeria is all about finding common cause and equity in an egalitarian society. Ironically, that quest is frequently subsumed and subjugated by the notion that democracy works well, only when a certain ethnicity is in charge. As such, various ethnicities are fixated on the notion that Nigeria only work well, if not better, under their leadership. Again, such ironical thoughts negate the fundamental notion that democracy is the government of the people by the people. Such ironies are born of ignorance or primordial considerations.

Meanwhile, governance experts have adduced three kinds of democracy: ‘Constitutional democracy – governed by a constitution. Defensive democracy – a democracy that limits some rights and freedoms in order to protect its existence. Deliberative democracy – in which authentic deliberation, not only voting, is central to legitimate decision making.’ Nigeria has dabbled, I believe, in the first two and now seeks to find her grounding in deliberative democracy. General Ibrahim Babangida unwittingly, foisted a defensive democracy on Nigeria, with a restricted two-party system inclined ‘a little bit to the left, and a little bit to the right.’ That system flopped, courtesy of its originating dubious intent.

Still, it should matter little, who leads a nation in a true and vibrant democracy, if the leaders abide strictly to the rule of law, and give primacy to respecting the constitution, its dictates and legitimate decision-making processes. One of the beauties of democracy, is the holding of periodic, genuine and credible elections, in which the citizens decide who should rule them. Voting and transparently electing who should rule in accordance with the extant laws, is a form of defence for any democracy. Inherent in that process, is what ought to be the unfettered ability to vote out bad and underperforming leaders. Ironically, out of ignorance, miseducation, poor orientation, or blinkered bigotry, Nigeria’s voting population continue to default to ethnic considerations or financial inducement and other set of ironies predicated on ignorance.

A major challenge dogging Nigeria’s present day democracy is the seeming inability of her leaders to abide by constitutional dictates and legitimate decision making processes. Not only are constitutional rights eroded routinely, the pillars of any true democracy, the separation of powers are also holistically ignored. Above all, the core principle of making the people’s vote count has never been accorded priority, despite existing laws to that effect. It is this reality that has led to the endless quest for restructuring and electoral reform.

However, because the culture of impunity and sectionalism has eaten every reform and restructuring strategy (apologies to Peter Drucker), change has remained elusive. It is the culture eating strategy that has technically, emasculated political opposition and weakened national democratic institutions. Today, Nigeria is not only insecure, physically, fiscally and psychologically, the nation is progressively on a lawless boil. This is what makes Nigeria an ‘undemocratic democracy.’

Some Nigerians now advocate for a return to the parliamentary system. Their thesis is that the system ensures proportional representation in government based on votes won. The objective is to overcome the prevailing myth of representation that is essentially lineal and skewed unapologetically in favour of the winning party. The attraction of this proposition, beyond its cost-effectiveness, is that it ensures opposition’s concerted role within and outside the government. But it does not ensure the fealty of the system’s operators within and outside the corridors of power. It is this nexus between political idiocy and irony of ignorance, which quite often are fungible that compounds the lack of political will and shirking of sacrifices required for true nation building.

Whereas our democracy has advanced in numerical years, it is stultified in concrete terms and still operationally nascent. As such, Nigeria’s unchangeable past will consequentially instruct and define her unknowable future. Meanwhile, democracy is hard work. We have to work hard at it. But we can’t do so with the present cadre of political leaders, who are not only short-sighted, but utterly indifferent to the fundamentals ethos that undergird any sustainable democracy. Happy Independence!

Ogun state government has urged the All Stars Football Association Abeokuta to be true Ambassadors of the state and the southwest zone as they compete for honours at the 2025 National Veterans Football Tournament -Lagos 2025- which kick off on Independence Day.

Speaking through the state’s Commissioner For Sports Development Honourable Wasiu Isiaka , the Muda Lawal Stadium Asero-based All Stars were assured of the government’s support as they strive to bring home the coveted trophy as national champions.

Similarly, NFF executive member and chairman of the Ogun state Football Association, Alhaji Ganiyu Majekodunmi, said the state FA is confident of the abilities and capabilities of the veterans to make the state proud in their maiden national appearance.

The 2025 National Veterans Tournament holding in Lagos between October 1st and 5th will see eight qualifiers from six zones across the country competing for the coveted trophy.

All Stars Football Association Abeokuta, the southwest zonal champions, are being joined by Ondo State and the hosts, Lagos, as the representatives of the south west.

Today marks the 65th anniversary of our great nation’s Independence. As we reflect on the significance of this day and our journey of nationhood since October 1, 1960, when our founding fathers accepted the instruments of self-government from colonial rule, let us remember their sacrifice, devotion, and grand dream of a strong, prosperous, and united Nigeria that will lead Africa and be the beacon of light to the rest of the world.

Our founding heroes and heroines-Herbert Macaulay, Dr Nnamdi Azikiwe, Sir Abubakar Tafawa Balewa, Chief Obafemi Awolowo, Sir Ahmadu Bello, Margaret Ekpo, Anthony Enahoro, Ladoke Akintola, Michael Okpara, Aminu Kano, Funmilayo Ransome-Kuti, and other nationalists-believed it was Nigeria’s manifest destiny to lead the entire black race as the largest black nation on earth.

For decades, the promise of our Independence has been tested by profound social, economic, and political challenges, and we have survived. While we may not have achieved all the lofty dreams of our forebearers, we have not strayed too far from them. In 65 years since our Independence, we have made tremendous progress in economic growth, social cohesion, and physical development. Our economy has experienced significant growth since 1960.

Although, it is much easier for those whose vocation is to focus solely on what ought to be, we must recognise and celebrate our significant progress. Nigerians today have access to better education and healthcare than in 1960. At Independence, Nigeria had 120 secondary schools with a student population of about 130,000. Available data indicate that, as of year 2024, there were more than 23,000 secondary schools in our country. At Independence, we had only the University of Ibadan and Yaba College of Technology as the two tertiary institutions in Nigeria. By the end of last year, there were 274 universities, 183 Polytechnics, and 236 Colleges of Education in Nigeria, comprising Federal, State, and private institutions. We have experienced a significant surge in growth across every sector of our national life since Independence – in healthcare, infrastructure, financial services, manufacturing, telecommunications, information technology, aviation and defence, among others.

Our country has experienced both the good and the bad times in its 65 years of nationhood, as is normal for every nation and its people. We fought a bitter and avoidable civil war, experienced military dictatorships, and lived through major political crises. In all these, we weathered every storm and overcame every challenge with courage, grit, and uncommon determination. While our system and ties that bind us are sometimes stretched by insidious forces opposed to our values and ways of life, we continue to strive to build a more perfect union where every Nigerian can find better accommodation and find purpose and fulfilment.

Fellow Compatriots, this is the third time I will address you on our independence anniversary since I assumed office as your President on May 29, 2023. In the last 28 months of my administration, like our founding fathers and leaders who came before me, I have committed myself irrevocably to the unfinished nation-building business.

Upon assuming office, our administration inherited a near-collapsed economy caused by decades of fiscal policy distortions and misalignment that had impaired real growth. As a new administration, we faced a simple choice: continue business as usual and watch our nation drift, or embark on a courageous, fundamental reform path. We chose the path of reform. We chose the path of tomorrow over the comfort of today. Less than three years later, the seeds of those difficult but necessary decisions are bearing fruit.

In resetting our country for sustainable growth, we ended the corrupt fuel subsidies and multiple foreign exchange rates that created massive incentives for a rentier economy, benefiting only a tiny minority. At the same time, the masses received little or nothing from our Commonwealth. Our administration has redirected the economy towards a more inclusive path, channelling money to fund education, healthcare, national security, agriculture, and critical economic infrastructure, such as roads, power, broadband, and social investment programmes. These initiatives will generally improve Nigerians’ quality of life. As a result of the tough decisions we made, the Federal and State governments, including Local Governments, now have more resources to take care of the people at the lower level of the ladder, to address our development challenges.

Fellow Nigerians, we are racing against time. We must build the roads we need, repair the ones that have become decrepit, and construct the schools our children will attend and the hospitals that will care for our people. We have to plan for the generations that will come after us. We do not have enough electricity to power our industries and homes today, or the resources to repair our deteriorating roads, build seaports, railroads, and international airports comparable to the best in the world, because we failed to make the necessary investments decades ago. Our administration is setting things right.

I am pleased to report that we have finally turned the corner. The worst is over, I say. Yesterday’s pains are giving way to relief. I salute your endurance, support, and understanding. I will continue to work for you and justify the confidence you reposed in me to steer the ship of our nation to a safe harbour.

Under our leadership, our economy is recovering fast, and the reforms we started over two years ago are delivering tangible results. The second quarter 2025 Gross Domestic Product grew by 4.23%-Nigeria’s fastest pace in four years-and outpaced the 3.4 per cent projected by the International Monetary Fund. Inflation declined to 20.12% in August 2025, the lowest level in three years. The administration is working diligently to boost agricultural production and ensure food security, reducing food costs.

In the last two years of our administration, we have achieved 12 remarkable economic milestones as a result of the implementation of our sound fiscal and monetary policies:

i. We have attained a record-breaking increase in non-oil revenue, achieving the 2025 target by August with over N20 trillion. In September 2025 alone, we raised N3.65 trillion, 411% higher than the amount raised in May 2023.

ii. We have restored Fiscal Health: Our debt service-to-revenue ratio has been significantly reduced from 97% to below 50%. We have paid down the infamous ‘Ways and Means’ advances that threatened our economic stability and triggered inflation. Following the removal of the corrupt petroleum subsidy, we have freed up trillions of Naira for targeted investment in the real economy and social programmes for the most vulnerable, as well as all tiers of government.

iii. We have a stronger foreign Reserve position than three years ago. Our external reserves increased to $42.03 billion this September-the highest since 2019.

iv. Our tax-to-GDP ratio has risen to 13.5 per cent from less than 10 per cent. The ratio is expected to increase further when the new tax law takes effect in January. The tax law is not about increasing the burden on existing taxpayers but about expanding the base to build the Nigeria we deserve and providing tax relief to low-income earners.

v. We are now a Net Exporter: Nigeria has recorded a trade surplus for five consecutive quarters. We are now selling more to the world than we are buying, a fundamental shift that strengthens our currency and creates jobs at home. Nigeria’s trade surplus increased by 44.3% in Q2 2025 to N7.46 trillion ($4.74 billion), the largest in about three years. Goods manufactured in Nigeria and exported jumped by 173%. Non-oil exports, as a component of our export trade, now represent 48 per cent, compared to oil exports, which account for 52 per cent. This signals that we are diversifying our economy and foreign exchange sources outside oil and gas.

vi. Oil production rebounded to 1.68 million barrels per day from barely one million in May 2023. The increase occurred due to improved security, new investments, and better stakeholder management in the Niger Delta. Furthermore, the country has made notable advancements by refining PMS domestically for the first time in four decades. It has also established itself as the continent’s leading exporter of aviation fuel.

vii. The Naira has stabilised from the turbulence and volatility witnessed in 2023 and 2024. The gap between the official rate and the unofficial market has reduced substantially, following FX reforms and fresh capital and remittance inflows. The multiple exchange rates, which fostered corruption and arbitrage, are now part of history. Additionally, our currency rate against the dollar is no longer determined by fluctuations in crude oil prices.

viii. Under the social investment programme to support poor households and vulnerable Nigerians, N330 billion has been disbursed to eight million households, many of whom have received either one or two out of the three tranches of the N25,000 each.

ix. Coal mining recovered dramatically from a 22% decline in Q1 to 57.5% growth in Q2, becoming one of Nigeria’s fastest-growing sectors. The solid mineral sector is now pivotal in our economy, encouraging value-added production of minerals extracted from our soil.

x. The administration is expanding transport infrastructure across the country, covering rail, roads, airports, and seaports. Rail and water transport grew by over 40% and 27%, respectively. The 284-kilometre Kano-Kastina-Maradi Standard Gauge rail project and the Kaduna-Kano rail line are nearing completion. Work is progressing well on the legacy Lagos-Calabar Coastal Highway and Sokoto-Badagry Highway. The Federal Executive Council recently approved $3 billion to complete the Eastern Rail Project.

xi. The world is taking notice of our efforts. Sovereign credit rating agencies have upgraded their outlook for Nigeria, recognising our improved economic fundamentals. Our stock market is experiencing an unprecedented boom, rising from an all-share index of 55,000 points in May 2003 to 142,000 points as of September 26, 2025.

xii. At its last MPC meeting, the Central Bank slashed interest rates for the first time in five years, expressing confidence in our country’s macroeconomic stability.

Security:

We are working diligently to enhance national security, ensuring our economy experiences improved growth and performance. The officers and men of our armed forces and other security agencies are working tirelessly and making significant sacrifices to keep us safe. They are winning the war against terrorism, banditry and other violent crimes. We see their victories in their blood and sweat to stamp out Boko Haram Terror in North-East, IPOB/ESN terror in South East and banditry and kidnapping. We must continue to celebrate their gallantry and salute their courage on behalf of a grateful nation. Peace has returned to hundreds of our liberated communities in North-West and North-East, and thousands of our people have returned safely to their homes.

Youth:

I have a message for our young people. You are the future and the greatest assets of this blessed country. You must continue to dream big, innovate, and conquer more territories in your various fields of science, technology, sports, and the art and creative sector. Our administration, through policies and funding, will continue to give you wings to fly sky-high. We created NELFUND to support students with loans for their educational pursuits. Approximately 510,000 students across 36 states and the FCT have benefited from this initiative, covering 228 higher institutions. As of September 10, the total loan disbursed was N99.5 billion, while the upkeep allowance stood at N44.7 billion.

Credicorp, another initiative of our administration, has granted 153,000 Nigerians N30 billion affordable loans for vehicles, solar energy, home upgrades, digital devices, and more.

YouthCred, which I promised last June, is a reality, with tens of thousands of NYSC members now active beneficiaries of consumer credit for resettlement.

Under our Renewed Hope Agenda, we promised to build a Nigeria where every young person, regardless of background, has an equitable opportunity to access a better future-thus, the Investment in Digital and Creative Enterprises (iDICE) programme. The Bank of Industry is driving the programme, in collaboration with the African Development Bank, the French Development Agency, and the Islamic Development Bank. This initiative is at the cusp of implementation. Over the last two years, we have collaborated with our partners to launch the programme, supporting our young builders and dreamers in the technology and creative sectors.

A message of hope

Fellow Nigerians, I have always candidly acknowledged that these reforms have come with some temporary pains. The biting effects of inflation and the rising cost of living remain a significant concern to our government. However, the alternative of allowing our country to descend into economic chaos or bankruptcy was not an option. Our macro-economic progress has proven that our sacrifices have not been in vain. Together, we are laying a new foundation cast in concrete, not on quicksand.

The accurate measure of our success will not be limited to economic statistics alone, but rather in the food on our families’ tables, the quality of education our children receive, the electricity in our homes, and the security in our communities. Let me assure you of our administration’s determination to ensure that the resources we have saved and the stability we have built are channelled into these critical areas. Today, the governors at the state level, and the local government autonomy are yielding more developments.

Therefore, on this 65th Anniversary of Our Independence, my message is hope and a call to action. The federal government will continue to do its part to fix the plumbing in our economy. Now, we must all turn on the taps of productivity, innovation, and enterprise, just like the Ministry of Interior has done with our travel passports, by quickening the processing. In this regard, I urge the sub-national entities to join us in nation-building. Let us be a nation of producers, not just consumers. Let us farm our land and build factories to process our produce. Let us patronise ‘Made-in-Nigeria’ goods. I say Nigeria first. Let us pay our taxes.

Finally, let all hands be on deck. Let us believe, once more, in the boundless potential of our great nation.

With Almighty God on our side, I can assure you that the dawn of a new, prosperous, self-reliant Nigeria is here.

Happy 65th Independence Anniversary, and may God continue to bless the Federal Republic of Nigeria.