News

Wike Defends ₦39bn ICC Renovation, Renaming Edifice After Tinubu

Published

11 months ago

June 14, 2025

..Put your houses in order, Tinubu tells opposition parties

Amid growing accusations that President Bola Tinubu is behind the leadership crises plaguing various opposition parties and allegedly working toward a one-party state, the President has advised opposition parties to focus on putting their houses in order ahead of the 2027 general election.

President Tinubu, represented by Senate President Godswill Akpabio, made this call on Friday at the commissioning of the newly constructed Left-Hand Service Carriageway of the Outer Southern Expressway (OSEX) Stage II, from Ring Road 1 (Apo Junction) to Wasa Junction, in Abuja.

Earlier in his remarks, FCT Minister Nyesom Wike expressed appreciation to President Tinubu for his support and responded to mounting criticisms over the ₦39 billion spent on renovating the International Conference Centre (ICC) and renaming it after the President.

Addressing lingering concerns about the opposition’s dwindling influence, Tinubu reiterated his commitment to multiparty democracy as pledged during his Democracy Day address. He insisted that, as a member of another political party, he could not mediate in opposition disputes.

“The opposition should put their houses together before the next election, so that nobody will accuse anybody of trying to stifle the opposition,” he said. “The President wants you to come together. If you cannot come together, the President cannot help you. This is politics. You’ll never unite if you continue to spread lies daily, condemning everything. Was Nigeria like this in 1960? Was Abuja like this three years ago?”

The President commended the Federal Capital Territory Administration (FCTA), under the leadership of Minister Nyesom Wike, for reactivating and completing abandoned infrastructure projects across the city.

“With the commissioning of this Left-Hand Service Carriageway, we are addressing a longstanding challenge. I commend the FCTA for completing projects with discipline, quality, and efficiency,” Tinubu stated.

In his speech, Wike argued that the President deserved the honour, having significantly contributed to the development of the Federal Capital Territory.

“As politicians, yes, we must criticize. But because you’re criticizing doesn’t mean you shouldn’t acknowledge progress. We are not flagging off; we are commissioning completed work,” Wike said.

Responding to allegations of wasteful spending, Wike said: “Some people just lack good taste. The only thing in that building that wasn’t changed is the blockwork. Everything else in the Bola Ahmed Tinubu International Conference Centre is brand new.”

He dismissed claims that the renovation was unnecessary or politically motivated, saying: “If you love this country, you will not criticize this project. It’s not about wearing one pair of shoes or carrying a backpack. It’s about delivering value and building for the future.”

Taking a swipe at a media house that reportedly questioned the rationale behind naming the ICC after Tinubu, Wike said: “Somebody said it should have been named after the original builder. Nnamdi Azikiwe didn’t build the Nnamdi Azikiwe Airport. Moshood Abiola didn’t build the stadium named after him. That argument doesn’t hold.”

He also challenged critics who referenced the original 1991 construction cost of ₦240 million: “What was the exchange rate then? What is it today in 2025? People must learn to analyze with context instead of criticizing.”
(Tribune)

News

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

Published

3 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

2 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.

News

Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria

Published

19 hours ago

May 5, 2026

Editor

Senator Adams Oshiomhole has called on the Federal Government to retaliate against South African businesses operating in Nigeria following the recent attacks on Nigerians in South Africa.

Speaking during plenary on Tuesday, Oshiomhole said the Federal Government should consider revoking the working license of South African owned companies such as MTN and DSTV.

He argued that Nigeria must respond firmly to what he described as persistent hostility against its citizens.

“I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

He argued that while some South Africans accuse Nigerians of taking their jobs, Nigerians should return home and take over employment opportunities created by major South African companies operating in the country, including MTN and DSTV.

“When we hit back, the President of South Africa will not only talk but will also go on his knees to recognise that Nigeria cannot be intimidated.

“We will not condone any life being lost. If a crime has been committed under the South African law they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that,” Oshiomhole added.

DAILY POST reports that several Nigerians in South Africa have reportedly been attacked, and their businesses destroyed, in ongoing xenophobic attacks in the country.