Oyo targets ?100bn revenue as Makinde’s reforms lift economy, education, health

The Oyo State Government is targeting an internally-generated revenue of ?100 billion by the end of 2025 financial year,making it sit comfortably as a leading financial hub in the country.

The present administration has increased IGR to ?65 billion in 2024, and as at July this year, it rises to ?58 billion just ?7 billion short of the 2024 total revenue gathered.

Dotun Oyelade, Commissioner for Information, who said the past administration struggled to reach the ?15 billion mark annually, stated that the ‘implication of the leap in the IGRs is that Oyo State will beat its own record by the end of this year with a target close to ?100 billion.

While confirming the report that since last year, Oyo State has been the best place to live in Nigeria based on quality of life, functional infrastructure, service delivery and security, reacted to a report by the State Performance Index (SPI), handled by a consultancy firm.

He said, ‘Obviously, the State’s Internally Generated Revenue (IGR), which has improved dramatically in the past few years, is being put to good and productive use for the benefit of the citizenry.

The Commissioner said that ‘unlike most sub-nationals and past administrations in Oyo State, IGR collection has been seamless and has not increased the burden on investors.

‘Rather, it has opened up the economy through agribusiness, infrastructure and tourism. This expansion of the economy, coupled with the ripple effect of consistent payment of ?14 5billion to over 130,000 workers monthly, has had a salutary effect on the increasing IGR of the state.

The Commissioner however revealed that the month of September ?15.4 billion was paid as salaries instead of the usual ?14.5 billion.

Another area of concentration of the Governor Seyi Makinde-led administration is healthcare, saying 264 primary healthcare centres have been upgraded and over 3,900 professionals recruited, which has significantly restored the healthcare system.

Oyelade recalled that during a courtesy call at the Governor’s Office two weeks ago,Celine Lafocriere, the UNICEF Country Representative said that UNICEF has had more engagements with Oyo State than any other state in Nigeria in the past two years.

PHCCIMA’s Nwoga leads members, investors to unlock new business blocks

The Port Harcourt Chamber of Commerce, Industry, Mines, and Agriculture (PHCCIMA), is always in search of opportunities to businesses in the oil city. The City Chamber is fighting to create alternative businesses other than oil and gas, though not ignoring the hydrocarbon industry.

Since the days of Emi Membere-Otaji as president, the PHCCIMA has worked to reposition its focus to non-oil businesses especially by attracting foreign business partners to open doors to the business community in the Garden City.

Now, Chinyere Nwoga, the first female president, has revealed to members how best to queue into the wealth avenue of the Chambers. She urged members to dive into chamber programmes to unlock a wealth of business opportunities.

Speaking at the third-quarter General Forum at the PHCCIMA secretariat in Port Harcourt, she highlighted the importance of leveraging the chamber’s resources to fuel business success. Nwoga emphasized that active participation in chamber activities is key to reaping the full benefits of membership. The well-attended forum showcased strategic initiatives, including collaborations with the Lagos City chamber, trade group programmes, and member-engagement opportunities, all aimed at driving business growth.

The forum featured discussions on the upcoming 2025 Port Harcourt International Trade Fair with calls for innovative strategies to elevate its global stature and explore franchising opportunities. Trade group leaders delivered impactful presentations.

Fenibo Fubara, ICT Trade Group chairman, advocated for digitizing chamber processes to streamline resource access and attract new members.

Ofon Udofia, Export/Import Trade Group chairman, urged PHCCIMA to push for reduced bureaucratic hurdles at southern ports, addressing International Maritime Organization (IMO) policies causing rate disparities.

Jack Daboikiabo (SME/NGO Trade Group) and Chief Ernest Elochukwu (Membership Committee) shared their groups’ achievements and upcoming events.

The forum also celebrated the induction of 12 new member-companies, with oaths administered by past President Emeka Unachukwu, an engineer and doctorate degree holder in International Trade. Notable attendees included a past president (Vincent Furo), 1st deputy president Isaac Wonwu, Financial Secretary Emmanuel Ogbonda, and Welfare Secretary Florence Nwosibe, all offering valuable insights for chamber progress.

A highlight was the presentation by #StartupSouth organizers, inviting members to leverage their platform to expand markets, attract capital, and strengthen the Rivers State business ecosystem.

US government shuts down after Senate deadlock

Much of the federal government has shut down after Republicans and Democrats in the Senate failed to agree on rival funding bills to keep it open.

Republicans blocked a Democratic bill that would have funded the government through October and extended Affordable Care Act subsidies set to expire this year. Democrats, in turn, rejected a Republican-backed House measure to keep funding flat until Nov. 21. Both needed 60 votes but fell short along party lines.

After the failed votes, Office of Management and Budget Director Russell Vought told agencies to ‘execute their plans for an orderly shutdown.’

Essential services such as Social Security, Medicare, Medicaid and veterans’ benefits will continue, but delays are expected. About 750,000 federal employees may be furloughed daily, according to the Congressional Budget Office.

Trump hints at firings during shutdown

President Donald Trump suggested the shutdown could be used to permanently shrink government.

‘We can do things during the shutdown that are irreversible,’ he told reporters, hinting at mass layoffs. ‘We don’t want to do that, but we don’t want fraud, waste and abuse.’

What’s at stake if the shutdown drags on

Federal workers and active-duty service members may miss paychecks by mid-October.

Air traffic controllers and TSA officers, deemed essential, could work without pay, as in past shutdowns, some may call in sick.

The WIC nutrition program for women and children could run out of money.

National Parks may remain open but unstaffed, as in the last shutdown.

Democrats insist they will not back a spending bill without health care subsidies. ‘Republicans are plunging America into a shutdown . and risking America’s health care,’ Senate Minority Leader Chuck Schumer said.

Republicans accuse Democrats of hostage-taking. ‘Senate Democrats have sacrificed the American people to Democrats’ partisan interests,’ said Senate Majority Leader John Thune.

No clear path forward

Republican leaders say they will keep forcing votes in hopes of drawing more Democrats. Three crossed over on Tuesday to back the GOP bill.

The last shutdown in 2018-2019 lasted 35 days, the longest in US history. With both parties refusing to yield, there is no clarity on how long this one will last.

Independence: Oborevwori urges Nigerians to remain steadfast in building stronger nation

Governor Sheriff Oborevwori of Delta State has called on Nigerians to remain steadfast in their commitment to building a stronger and more united nation, even as he observed that the country’s economy has improved tremendously.

Oborevwori, in his Independence message signed by Festus Ahon, his chief press secretary (CPS), urged 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.

He noted that his government was investing heavily in massive infrastructure upgrades across Delta State, advancing a power revolution through a renewable energy mix, and creating an enabling environment to attract foreign direct investments. The efforts, he explained, were aimed at making life more meaningful for Deltans and residents and significantly boosting the state’s economy. The governor also used the occasion to appeal to all ethnic groups in the state to embrace peace and remain united, stressing that peace was a prerequisite for sustainable development.

Oborevwori reaffirmed his administration’s commitment to inclusive governance and pledged to continue working for the progress and prosperity of all Deltans.

Nigeria at 65: Independence without freedom, reform without trust

On October 1st, Nigerian schoolchildren will line up in crisp uniforms, flags in hand, rehearsing patriotic songs beneath a sun that spares no one. Politicians will mount podiums, soldiers will salute, and the nation will once again perform the ritual of independence. Yet for millions of citizens, there is little to celebrate. Sixty-four years after self-rule, the freedom Nigerians were promised feels more like a mirage: a hollow ritual of sovereignty overshadowed by insecurity, inflation, and an ever-deepening cost-of-living crisis. The parades may honour independence, but the people remain shackled by hunger, corruption, and despair.

To be clear, it would be false to claim that nothing has changed since 1960. Nigeria has grown into Africa’s largest economy by GDP, with a dynamic fintech sector, a booming creative industry, and a diaspora remitting over $20 billion annually. The present administration, under President Bola Tinubu, insists that current pains are the necessary price of reform. Subsidy removal, exchange-rate unification, and renewed investment drives are presented as bitter medicine meant to cure decades of economic mismanagement. The government claims to be charting a difficult but necessary path, much like India or Indonesia endured turbulence before their economic takeoffs.

Yet here lies the paradox: Nigerians have heard this story before. From ‘austerity measures’ of the 1980s to structural adjustment in the 1990s, every generation has been told to ‘tighten belts’ for a brighter future. Each cycle leaves citizens poorer while political elites grow richer. Reform is not the problem; execution is. Policies are rolled out with haste, but without social safety nets, planning, or the political discipline to resist capture. The result is an economy where the poor bear the heaviest burden of reform, while the privileged remain insulated.

Consider the current subsidy removal. Yes, it was long overdue. Nigeria could not continue bleeding trillions to subsidize consumption. But removing it overnight, without credible palliatives or an efficient public transport system, has driven transport fares, food costs, and school fees beyond the reach of average families. In Lagos, the price of staples like rice and garri has nearly doubled within months. Meanwhile, the government promises palliatives that barely reach beyond photo opportunities. The policy may be right in theory, but in practice, it feels like punishing citizens for the state’s failure to plan.

Inflation hovers around 30 percent, the naira has lost much of its value, and foreign investors remain cautious despite official optimism. If reforms were meant to restore confidence, why then are businesses shuttering, multinationals exiting, and professionals leaving in droves under the ‘japa’ wave? Nigeria is witnessing not just capital flight, but talent flight. This is the most damning indictment of all: citizens no longer trust their leaders enough to stake their futures on this soil.

Some will argue that independence is about more than economics. Nationhood, they say, must be celebrated regardless of hardship. But symbolism cannot mask substance. Compare Nigeria with peers who began the journey at the same time. South Korea, Malaysia, and Singapore have built thriving, innovative economies, while Nigeria is still struggling to provide electricity, secure its roads, or keep its universities open consistently. Even within Africa, Rwanda and Kenya have shown that disciplined institutions and political will can translate to growth. The tragedy is not that Nigeria is poor, but that it has been deliberately impoverished by its own leaders.

This is why the rituals of October 1st ring hollow. We may fly the flag, but the nation is adrift. The challenge is not colonialism; it is our own ruling class, addicted to rent-seeking, incapable of long-term vision, and unwilling to confront the institutional rot that has corroded governance. Until Nigeria wins independence from misrule, all we have is geography, not destiny.

Yet there is still a sliver of hope. It lies not in podium speeches, but in the restless energy of Nigeria’s youth. They are building tech startups, pushing creative boundaries, and finding their voices in activism. They are also voting with their feet, migrating abroad in record numbers. The real question is whether the state can channel this energy inward, rather than exporting it. Can Nigeria build institutions that give its young people a reason to stay? Can reforms move beyond policy papers into live improvements in jobs, security, and justice?

True independence is not declared once a year; it is earned daily through accountable governance, functioning institutions, and an economy that offers dignity. The administration may be right that reforms are necessary, but Nigerians are equally right to demand evidence of progress. Without trust, reforms are simply pain without promise.

As Nigeria turns 65, the lesson is clear: we cannot eat symbolism. We cannot live on nostalgia. Until leaders deliver freedom from corruption, hunger, and insecurity, October 1st will remain a day of flags, not of freedom.

Lagos Trade Fair demolition: Test of impunity, justice, compassion – Obi

Peter Obi, Labour Party (LP) candidate in the 2023 general election, has urged governments at all levels to act with compassion, fairness, and a deep sense of justice when dealing with issues affecting the people, especially at this difficult time.

Obi stated this on Wednesday after visiting the Lagos International Trade Fair site that was recently affected by demolition in Lagos

Obi, writing on his X handle, noted that many of the affected traders invested heavily – often through loans – in the hope of securing their livelihoods and contributing to the wider economy.

‘To destroy such legitimate investments without due process is not only unjust but also economically destructive.

‘Today, alongside Senators Enyinnaya Abaribe, Victor Umeh, Col. Austin Akobundu, Tony Nwoye, Honourable Members of the House of Representatives, Segun Sowonmi, George Adegeye, Labour Party Lagos State Gubernatorial candidate, Gbadebo Rhodes-Vivour and coordinator of the Obidient Movement Tanko Yunusa, we visited the site of the demolished ASPAMDA Market at the Trade Fair in Lagos, where plazas were pulled down despite traders having obtained the requisite approvals.’ He commended the traders for their remarkable restraint and calm in the face of such painful loss.

This is as he equally commended the senators and the House of Representatives members who pledged to investigate this matter thoroughly and bring to light the circumstances that led to the development, and most importantly, ensure that the situation does not occur in the future.

Obi noted that ‘a society that seeks to make progress must protect enterprise, encourage productivity, and defend the dignity of its citizens.’

According to him, ‘Incidents like this should have no place in a nation that aspires to fairness, stability, and shared prosperity.’

UCL: Mourinho denied winning return as Chelsea edge Benfica 1-0

Jose Mourinho was beaten on his return to Stamford Bridge as his Benfica side lost 1-0 to Chelsea in the Champions League on Tuesday night.

Richard Rios’ first-half own goal ruined Mourinho’s hopes of a dream comeback against the club where he enjoyed his greatest success.

The 62-year-old, who won three Premier League titles and seven major trophies across two spells at Chelsea, was warmly welcomed back by fans who repeatedly chanted his name.

However, his poor record at the Bridge since leaving in 2015 continued, with no wins in seven visits as manager of Manchester United, Tottenham, and now Benfica.

Despite the defeat, Mourinho praised his players’ effort.

‘A defeat is always a defeat, but this one can be a start for us. It was a stable performance,’ he said.

Chelsea goalkeeper Robert Sanchez denied Vangelis Pavlidis and Dodi Lukebakio in a strong Benfica spell, but the own goal proved decisive.

Set up endowment fund for creative sector, Tinubu Tells CBN

President Bola Ahmed Tinubu on Wednesday called on the Central Bank of Nigeria (CBN) to establish an endowment fund for the creative sector following the completion of the National Theatre, now renamed the Wole Soyinka Centre for Culture and Creative Arts.

Speaking at the official reopening of the iconic facility in Lagos, the President said he would personally contribute to the proposed fund, which is aimed at supporting long-term growth and sustainability in Nigeria’s creative industry. Tinubu also urged citizens to shift their mindset, emphasising the importance of telling positive stories about Nigeria and fostering belief in the country’s potential.

CBN Governor Olayemi Cardoso, speaking at the event, revealed that the Bankers’ Committee invested N68 billion in the restoration and modernisation of the National Theatre complex.

Delta emerges champion at NFA/NSSF basic education sports competition

Delta State has emerged victorious in the Basic Education School Sports Competition, emerging national champions at the tournament sponsored by the Nigerian Football Association (NFA) and the National School Sport Federation (NSSF) in Abuja.

This victory automatically qualifies Delta State to represent Nigeria in the forthcoming Under-15 Confirmation of African Football (CAF) Competition.

Samuel Mariere, Chairman of the Delta State Universal Basic Education Board (SUBEB), stated this on Tuesday when the victorious team visited him in Asaba, to formally present the National Championship Cup.

Delta State was crowned champion of the Basic Education School Sports Competition after topping the national championship held in Abuja from September 21 to 27.

According to Mariere, these children were randomly picked from various schools in the state and their participation was not planned, but they surprisingly came back victorious.

He attributed the success to the grace that follows Governor Sheriff Oborevwori who he described as education-loving governor of the state, noting that ‘his grace precedes and we shall always emerge victorious as we go on to represent Nigeria in the CAF.’

Mariere also announced that the governor had approved the commencement of Basic School Sports, where every school from the local government to the senatorial level will be selected for competition, with the finals to be held in Asaba, the state capital.

He added that the victorious children would be handed over to the Delta State Sports Commission to be formally groomed. This, he emphasised, is not limited to football as other sports would also be included.

Also speaking, Joshua Akporiaye the Sports Officer in charge of Basic Education School Sports, announced that Delta State led the competition with 13 points, followed by Ekiti with 10 points, while Enugu placed third with 7 points.

Utomi, Ezekwesili, Obi, others demand urgent electoral reforms ahead of 2027

Calls for sweeping constitutional and institutional reforms to safeguard Nigeria’s democracy dominated the National Electoral Reforms Summit 2025, where political leaders and reform advocates warned that without urgent action, the 2027 elections may lack legitimacy.

The summit themed, ‘Critical Constitutional Amendments for Credible Elections in 2027’ and convened virtually by the National Consultative Front and the Labour and Civil Society Front, featured interventions from former Transportation Minister Rotimi Amaechi, former lawmaker Usman Bugaje, political economist Pat Utomi, former Education Minister Oby Ezekwesili, and Peter Obi, Labour Party’s 2023 presidential candidate.

Amaechi struck a pessimistic note, insisting that politicians in power would never willingly carry out reforms that weaken their hold on office.

‘There is absolutely nothing anybody can do about electoral reform in Nigeria under the present government,’ he said. ‘Politicians will not do that. Why would they, when politics has become a source of income for them? Electoral reform would mean taking power back to the people, so that votes can hire and fire. They don’t want that.’

Bugaje reinforced Amaechi’s warning, pointing to widespread electoral manipulation and judicial complicity. ‘This regime has shown that they are not even prepared to conduct an election,’ he said, citing recent polls in Kaduna where results were announced before ballots were cast.

‘The 2027 election as things stand is not going to be won or lost at the ballot box. It’s going to be won or lost on the streets of Nigeria. We must begin to organize to resist those who are hell-bent on staying in power irrespective of the votes Nigerians cast.’

Utomi, however, emphasised that the survival of Nigeria’s democracy depends on restoring legitimacy through credible elections. ‘A government that is perceived as lacking legitimacy will never be effective in governing,’ he said.

‘Legitimacy is earned when people believe elections reflect their will. If we do not do everything to ensure free and fair elections, everybody loses, including those who think they have power for the moment.’

Utomi also urged international pressure on Nigeria’s political class. ‘We should internationalise this problem to the point that our country could face isolation. Sadly, many of us helped bring Nigeria to pariah status in the past, but sometimes shame is necessary to pull back from the brink.’ He accused Nigeria’s legal profession of betraying democracy: ‘Nigerian lawyers are the shame of Africa. Judges have behaved like they didn’t go to school. We must not betray the essence of our professionalism for crumbs.’

Ezekwesili laid out a detailed framework for reform, stressing INEC’s financial and operational independence, mandatory electronic transmission of results, and stronger prosecutorial powers to punish electoral offenses.

‘Relying on the police and attorney-general for prosecutions has only rewarded bad behavior,’ she argued.

She also pressed for transparent appointment of INEC commissioners, expanded timelines for voter registration and candidate nominations, and stronger oversight of result collation.

The former minister criticised what she described as enabling ‘courtroom democracy.’ ‘Elections are being decided in court rather than at the polling station,’ she said.

‘That destroys the spirit of democracy. We need specialised electoral courts, automated systems for assigning cases to judges, and strict timelines for resolving disputes. Right now, elections have become an industry for the judiciary.’

For her, the ultimate solution lies in mass citizen action. ‘The political class does not care about a few elites talking about reforms. What they fear is when Nigerians themselves take ownership of the struggle for credible elections. For as long as our electoral system is a mess, it continues to destroy lives and futures. We must get citizens to say: this is the hill we are prepared to die on,’ she said.

Obi also lending his voice to the reform agenda. ‘This is a very critical thing that has to happen before our next election,’ he said. ‘Without a proper electoral system that can guarantee free and fair elections, our democracy will remain fragile.’

The former Anambra governor added the electoral reform should also discourage cross-carpet by politicians, proposing that any politician who jump party after winning election should lose his seat.

The summit ended with consensus that achieving meaningful reforms before 2027 will require citizen-driven pressure, civil society mobilisation, and a collective refusal to accept compromised elections as the norm.