News

Nigerians Knock Seyi Tinubu For Preaching Endurance Over Economic Hardship

Published

2 years ago

February 19, 2024

The eldest son of President Bola Tinubu, Mr Seyi Tinubu, on Monday, pleaded with Nigerians to exercise patience with his father’s administration as they weather the challenging economic times.

This followed protests in Ibadan, the Oyo state capital, where angry youths took to the streets to decry the rising cost of living. More so, a 41-year-old man identified as David Ubaha also staged a lone protest in Uyo, the Akwa Ibom State capital, to voice his complaints over the harsh economic situation.

In the past nine months in office, President Tinubu’s economic reforms have sparked collateral instability in the value of the Naira, heaping hardship on Nigerians as food prices continue to soar.

But Seyi, in an Instagram post, rehashed his father’s words from a national broadcast to mark the 63rd Independence Day anniversary last October.

Then, Tinubu said, “There is no joy in seeing the people of this nation shoulder burdens that should have been shed years ago. I wish today’s difficulties did not exist. But we must endure if we are to reach the good side of our future.”

Seyi declared that he stands with his father and argued that the present generation “will yield the fruits of this hardship.”

The post carried hashtags such as #HaveFaithinHim, #NigeriaisinGreatHands, #OurGenerationwillYieldthefruitsofthishardship, #IStandwithOurPresident, #RenewedHope and #NigeriaismyHome.

However, Seyi’s message did not sit well with some Nigerians, who criticised the President’s son for living opulently while demanding sacrifice from the people.

A user named @King_ando1 remarked, “The most painful part is that this n*gga got a Richard Mille on his wrist while typing hardship.” The most affordable of a Richard Mill timepiece goes for about $48,000. While the Richard Mille RM 69 retails for around $750,000.

Another user named @Empresstok said, “How far are you enduring? You can say that to the masses cos you are not in their shoes.”

@ada_la_pinky simply said, “It’s hard for the masses,” while @akorede_dk quipped, “I believe you. May Allah make it easy for us.”

Hours earlier, a former Vice President and presidential candidate of the Peoples Democratic Party at the 2023 polls, Atiku Abubakar, debated that Tinubu’s economic policies, especially the unification of the exchange rate, were implemented hastily without adequate planning and proper consultations with stakeholders.

Atiku criticised the government, saying, “The wrong policies of the Tinubu administration continue to cause untold pain and distress on the economy and the rest of us cannot keep quiet when the government has demonstrated sufficient poverty of ideas to redeem the situation.”

He argued, “Given Nigeria’s underlying economic conditions, adopting a floating exchange rate system would be an overkill. We would have encouraged the Central Bank of Nigeria to adopt a gradualist approach to FX management. A managed-floating system would have been a preferred option.”

Atiku observed that the Naira may fluctuate daily in such a system, but the CBN will step in to control and stabilise its value.

“Such control will be exercised judiciously and responsibly, especially to curb speculative activities,” he noted.

But the Presidency disagreed, saying, “Atiku’s alternative of a controlled floatation of the Naira is similar to the policy of Godwin Emefiele when an estimated $1.5bn was spent monthly to shore up the Naira, while arbitrage or round-tripping went on unhindered. Sadly, it was perpetrated by people close to the corridors of power.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

21 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.

News

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

Published

42 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.