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Akeredolu To Seyi Tinubu, Others: New Naira, Fuel Scarcity Lower APC Rating

Published

3 years ago

February 15, 2023

Editor

The Ondo State Governor, Mr Rotimi Akeredolu, has called on President Muhammadu Buhari to order the Governor of Central Bank of Nigeria, Mr Godwin Emefiele, to reverse the controversial new naira design policy.

Akeredolu decried the alleged non-obedience of the CBN to the court order on the old notes’ deadline extension, opining that both the new and old notes should be allowed to co-exist.

The governor stated this on Tuesday evening while receiving members of the youth directorate of the All Progressive Congress Presidential Campaign Council, led by Seyi Tinubu, the son of the APC presidential candidate, Asiwaju Bola Tinubu.

According to him, the timing of the new naira policy was wrong. He also noted that the problem created by the naira and fuel scarcity has affected the rating of the APC ahead of the forthcoming general election.

He said, “We have a problem we are facing in this country today. Our rating as a party is not that favourable. Let’s not deceive ourselves. Must it be now that we will have this financial policy?

“How? Fuel and everything? Things are not easy. This policy is not right at this time. It should be reversed. Reserve it and tell CBN that we are reversing it. Let old and new notes co-exist.

“Okada, taxis, banks are not taking old notes again. There is an injunction and everyone is behaving like there is no injunction.

“We have said that this man (CBN Governor) should be removed when he contested to be president. The man is not fit for that position. A man who attempted to be President will frustrate us at this time.”

While appreciating the youths in the party for their relentless efforts, the governor revealed that youths would determine the outcome of next week’s presidential election.

“Your demographic shows that you occupy a larger percentage. You are the ones that will talk to yourselves,” the governor lauded.

He also reiterated that the choice of the presidential candidate of the APC, Asiwaju Bola Tinubu was premised on informed decisions based on his competence and track record.

Akeredolu stated Akeredolu “We didn’t waver when we said that the presidency must come to the South. And when it got to the south, we didn’t waver when we said competence and track record are important. Our choice of Asiwaju was premised on an informed decision not because we are from the same tribe.”

Earlier in his remarks, Seyi Tinubu expressed appreciation to the governor for his commitment to youth development and inclusion.

He said, “We have come to seek your approval to add to what you have done in the state already in terms of campaign. We will be in Ondo for the next two days to meet with the youths.

“Thank you for all you have been doing for Ondo and Nigeria. Most especially for young Nigerians and youths in the state. With the work you have done, we know Asiwaju has no worries in Ondo State.”

Related Topics:Akeredolu APC Seyi Tinubu

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Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

10 minutes ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

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Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

31 minutes ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

3 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.