News
Tinubu Working To Move Nigerians Out Of Poverty – Finance Minister
Published
10 months agoon
By
Editor
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun has said that President Bola Tinubu is charting a way to move a lot of Nigerians out of poverty.
He stated this in Bauchi on Monday, during the opening ceremony of the 2024 National Council on Finance and Economic Development (NACOFED)’s conference.
According to him, the president is leaving no stone unturned in order to ensure that life is made easy for Nigerians by coming up with policies and programmes that would be beneficial to all.
“President Tinubu’s administration inherited assets and liabilities and there was no looking back but it’s a question of charting a way of looking forward and making plans in order to first of all stabilise the economy.
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“He is working hard to get investments through private sector investors both domestically and foreign direct investors to increase the productivity of Nigeria, grow the economy, create jobs and of course move a large number of people out of poverty.
“When you try to look at where we are now, essentially, the major macro economic reforms are in place.
“He has stopped the bleeding that was costing five per cent of the GDP of the country every year that was adding no value except to a few people and neighbouring countries that were benefiting from what was happening with the fuel subsidy and as well, a related foreign exchange subsidy.
“The benefits were saved for just a few and a mass of Nigerians were not getting any benefits from those structures.
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“They have been removed and the federation account will benefit from increased flow of resources to the federal, states and local governments and so much more can be done in terms of investing not just in infrastructure but in social services like education and health,” he said.
The Minister assured that the road is clear for private sector investors and that the country is back in the business on the road to industrialisation based on what is happening in the petroleum refining sector.
He said that crude oil is not just being shipped abroad but it’s being refined locally to give petroleum products and raw materials for industry.
He called on all Nigerians to be encouraged that the country now has a more stable, sustainable macro economic environment that is friendly to investors.
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This, he said, would make it possible not only for them to produce competitively for the domestic market but also to export.
He appreciated all the organisers of the conference for all the efforts put in place to make the consequence a reality and also thanked Gov. Bala Mohammed for his hospitality and warm welcome to all the delegates that turned up the conference.
Also, the Bauchi state governor said that hosting the event is a privilege and has proven the importance of collaboration in addressing the economic challenges and opportunities before the country.
READ ALSO: Court Fixes Date To Hear Alleged Misappropriation Case Against Ganduje
He assured that the government spared no efforts to ensure that the event surpasses expectations.
“Your presence is a testament to your commitment to advancing Nigeria’s financial and economic landscape.
“I urge all the participants to contribute constructively to the benefit of all Nigerians,” he advised.
The theme of the conference is: Fostering Economic Growth in Challenging Times: Strategies for Policies and Partnership for Fiscal Sustainability & National Development.
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News
How Sound Sultan’s Death Affected My Music Career – Seyi Shay
Published
2 hours agoon
September 15, 2025By
Editor
Nigerian singer and songwriter, Seyi Shay has opened up about the impact of her mentor, Sound Sultan’s death on her career.
She revealed that after Sound Sultan passed away in 2021, she lost the zeal to continue music.
Shay further explained that she became pregnant with her daughter around the same period, which also encouraged her to embark on a break due to the “toxic” nature of the music industry.
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“During the filming of Nigerian Idol, my mentor, also my best friend, who is like a father figure to me, and also the person who brought me to the Nigerian music industry, died. He passed away; Sound Sultan,” Seyi Shay recalls in an interview with TVC.
“When I first came to Nigeria, I was living with him and his wife in FESTAC for a year. He was the one who co-signed me and introduced me to everybody in the industry to make sure that those who were his people look out for me.
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“So, when he passed away, it was really hard for me to complete the filming but I made it to the end. What hurt the most is that I didn’t get to see him before he passed away. I was supposed to fly to see him in New York that weekend when we had a break. He asked me to bring him something specifically. It just torn me apart. I felt like I didn’t have the will to continue to do music without Sound Sultan, my peace of mind, and my mental health. So, I decided to go on a little break.
“Also, during that period, I got pregnant and I told myself there’s no way I’m going to have my child in the toxic music industry that I’m in and under the scrutiny that I was constantly under. So, I just thought I should take a break.”
News
Ondo Govt Suspends Three Senior Officials Over Recruitment Scam
Published
2 hours agoon
September 15, 2025By
Editor
Ondo State Government has suspended three senior officials for their alleged involvement in a recruitment scam tied to the recent employment of teachers in the state.
The affected officials, two directors and a deputy director, were suspended on the directive of Governor Lucky Aiyedatiwa, pending the conclusion of an ongoing investigation into the job racketeering scandal.
Reports indicated that the officials allegedly collected between N500,000 and N700,000 from unsuspecting applicants, depending on their academic qualifications, in exchange for fraudulent appointment letters.
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The matter came to public attention after several individuals staged a protest over their exclusion from the ongoing biometric verification exercise for newly recruited teachers. Investigations later revealed that many of the protesters had presented forged appointment documents.
In a statement issued by the Governor’s Chief Press Secretary, Prince Ebenezer Adeniyan, the government clarified that the aggrieved protesters were not among the over 2,000 teachers legitimately recruited and already deployed across the state.
Adeniyan disclosed that internal investigations confirmed that the three officials at the State Universal Basic Education Board, SUBEB, had colluded with external collaborators to issue counterfeit appointment and posting letters to unsuspecting applicants in exchange for money.
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“The attention of Governor Lucky Aiyedatiwa has been drawn to reports of a protest by individuals claiming they were unjustly excluded from the SUBEB recruitment process.
“To be clear, those protesters were not genuine employees but victims of fraud who were issued fake letters after paying money to scammers. They were exposed during biometric verification and informed that their documents were invalid.
“Disciplinary action has already been taken against the three SUBEB insiders found to have conspired with outsiders in defrauding applicants,” Adeniyan stated.
News
Unjust To Demand More Tax From Nigerians Amid Waste, Corruption — Moghalu
Published
2 hours agoon
September 15, 2025By
Editor
Former Deputy Governor of the Central Bank of Nigeria, Kingsley Moghalu, has described as unfair the demand for more taxes from Nigerians amid the profligacy and corruption by leaders.
Moghalu questioned how oil revenues and billions of dollars in borrowed funds had been spent, stressing that accountability must precede any fresh tax demands.
In a post on X on Sunday, the former CBN governor described Nigeria’s political class as “self-entitled elites” who lack transparency.
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While acknowledging that tax reforms are broadly in the right direction, Moghalu insisted that without addressing corruption and waste in governance, the burden on ordinary Nigerians would remain unjust.
He said: “The profligacy and corruption in what passes for governance in our country, Nigeria, makes it unfair to expect citizens to pay any additional taxes. While taxes are an important part of the social contract, the question must first be asked: what have the revenues from oil and the numerous loans we have borrowed been spent on?
“Accountability is a core principle of governance. It does not exist with our self-entitled political elites. While the tax reform laws are broadly in a good direction, the core questions of accountability and transparency must be addressed. They haven’t.”
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