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Nigeria’s economy is recovering fast – Udoma

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By Joseph INOKOTONG
 
The Minister of Budget and National Planning, Senator Udoma Udo Udoma has said that the country’s economic situation is changing for the better as the macroeconomic environment is being stabilized and inflation rate trending downwards in the last two months.
 
According to him, government interventions, particularly in fixing the broken infrastructure, is making impact and there are positive signs that the economy is working its way out of recession this year unto a path of sustained inclusive growth and development.
 
The Minister, who was speaking on Tuesday at the Town Hall Meeting in Abuja organized to brief Nigerians on the achievements of the Buhari Administration in the last two years, pointed out that government is making progress in changing the economy and also changing the people’s attitudes.
 
He was optimistic that the economy will receive further boost as government rolls out the full implementation of the Economic Recovery and growth Plan (ERGP).
 
Apart from the policies and plans guiding the country’s economic trajectory, the Minister indicated that several infrastructural projects are on-going across the country and some are nearing completion; Government is drastically cutting costs and improving efficiency of service delivery; and the country is poised to attain food sufficiency in major agricultural products, particularly rice, by next year.
 
A lot of work, he added, is being done through the Presidential Enabling Business Environment Council (PEBEC) to improve the business environment with very encouraging responses from investors in the last few months.
 
Senator Udoma said President Muhammadu Buhari’s aim is to create a self-reliant country and people. “As the President says, ‘We will change our habits and we will change Nigeria”. A nation in which ‘We grow what we eat and consume what we make”.
 
He explained that the Federal Government has continued to hold frequent and extensive consultations with the private sector, NGO’s and various interest groups to build consensus on economic policies and programmes.
 
 “We did this when developing the NERGP.  We have also continued with the tradition of co-hosting the annual Nigerian Economic Summit. The 2016 Economic Summit was focused on ways of promoting ‘Made in Nigeria’ products. In addition, we have introduced the Quarterly Presidential Briefing with the private sector,” he explained
A statement signed by Mr. Akpandem James, Media Adviser to the Minister quoted Udoma as saying the Federal Government has intensified its collaboration with State Governments using the vehicle of the National Economic Council (NEC), for which his Ministry serves as the Secretariat.  
The Ministry, he said, has successfully coordinated Donor Assistance Programmes, and a number of Cooperation Agreements have been concluded and signed with major bilateral/multi-lateral development partners.
 
         Implementation of the Agreements, he pointed out, is being monitored to ensure alignment with national development priorities and aspirations; disclosing that altogether, the Federal Government has signed Financing Agreements with several development partners, including the European Union, DFID and USAID among others, amounting to over €194.5 million and $702 million.
 
The Minister said the Ministry, which serves as anchor for ensuring that normalcy returns to the North East Zone, has ensured effective harmonization of activities of relevant Ministries, Departments and Agencies (MDAs) and Donor Agencies targeted at improving service delivery. “We have also attracted more funding for the country from the Oslo International Conference on Global Humanitarian Situation to support IDPs in the North-East”, he added
He said the Ministry takes its monitoring and evaluation functions very seriously and has accordingly revised the National Monitoring and Evaluation Framework for effective monitoring and tracking of implementation of 2016 Federal Government capital projects and investments.
 
“This has improved transparency and value for money in the implementation of programmes and projects. The process involves physical inspection and impact assessment. We also ensure that fund releases for capital programmes are tied to the priority areas of the Administration as set out in the (Economic Recovery and Growth Plan) ERGP”, he explained.
 
The convener of the meeting and Minister of Information, Alhaji Lai Mohammed, said the idea of the Town Hall Meetings was conceived as part of the Ministry’s efforts to bridge the communication gap between the government and the citizenry and also keep them better informed of the policies and programmes of the Federal Government.
 
Ministers who gave their scorecards are the Budget and Planning Minister, Senator Udoma Udo Udoma; Finance, Mrs. Kemi Adeosun; Agriculture, Chief Audu Ogbeh; Transportation, Chief Rotimi Amaechi; Power, Works and Housing, Mr. Babatunde Raji Fashola; Industries, Trade and Investments, Dr Okechukwu Enelama, and the Water Resources Minister, Alhaji Suleiman Adamu.  
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“Nigeria’s Biggest Ever Coalition, Civil Groups, Professionals, Labour, Artisans, Declare for Bola Tinubu”

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In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.

The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.

The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.

In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.

Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.

Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.

As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.

Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.

In what is being described as an unprecedented political development ahead of the 2027 general elections, a broad-based national coalition cutting across civil society organisations, professional bodies, labour groups, artisan associations, and other grassroots networks has announced plans to formally endorse President Bola Ahmed Tinubu for a second term in office.

The coalition, spearheaded by the Coalition of Civil Society Organisations in Nigeria, COCSON, now extends far beyond the traditional civic space, bringing together over 1,500 groups from diverse sectors of the Nigerian society. Participants include human rights organisations, medical and legal professionals, trade and artisan unions, community-based organisations, and influential labour leaders, reflecting a wide national spread and multi-sectoral backing.

The historic convention is scheduled to hold on May 17, 2026, where leaders and representatives of the various groups are expected to converge in what organisers say will be the largest endorsement gathering in Nigeria’s history. The event will serve as the official platform for the coalition to collectively declare support for President Tinubu’s re-election bid.

In a major demonstration of grassroots mobilisation, the coalition also revealed plans to submit a compiled total of 20 million signatures of Nigerians who have endorsed the President’s candidacy. The signatures, gathered through extensive nationwide engagement, are being positioned as a clear indication of public support cutting across regions, professions, and social strata.

Organisers of the event stated that the decision to back President Tinubu is driven by what they described as tangible strides in economic reforms, governance, and national stability. They emphasised that the inclusion of non-traditional actors such as artisans, market groups, and labour unions underscores a broader national consensus that transcends the usual civil society framework.

Political analysts say the scale and diversity of this coalition mark a significant shift in Nigeria’s political landscape, where support structures are no longer confined to political parties and elite stakeholders but are increasingly driven by a fusion of grassroots and professional constituencies.

As momentum builds towards the May 17 convention, observers are keenly watching how this expansive alliance will shape political narratives and influence voter sentiment in the lead-up to the 2027 elections.

Further details on the convention and breakdown of participating groups are expected to be unveiled in the coming days.

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How ISWAP killed Army Col. Six others in Borno.

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☆☆☆As Troops Foil Series of Ambushes.

Troops of the Nigerian Army under operation Hadin Kai have foiled a series of ambush by suspected members of the Islamic State West Africa Province (I SWAP) terrorist along the Monguno in Borno state.

Islamic state of West Africa province (ISWAP) have attacked the Nigerian army from Monguno 242 Battion Barrack in Borno State on their way to reinforce the camp.

A serving Nigerian Army Colonel was  reportedly  killed in an ambush by  insurgents in Monguno, Borno State, during a reinforcement mission

Source added said that colonel I.A. Muhammad was ambushed by ISWAP and killed along with four other soldiers.

Community confirmed that the troops who were on a fighting patrol as part of operation,came under fire from suspected terrorists 

As of the time of felling this report, there has been no official statements from the Nigerian Army regarding the accident.

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Dogara Felicitates Dangote at 69, Applauds His Enduring Impact on Africa

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Hon. Yakubu Dogara, former Speaker of the House of Representatives and Chairman of the Credit Guarantee Company Limited (NCGC), has joined Nigerians and the global business community in celebrating Alhaji Aliko Dangote on his 69th birthday. In a detailed tribute, Dogara described Dangote as “a visionary whose life’s work has become a cornerstone of Africa’s economic transformation.”

Dogara emphasized that Dangote’s entrepreneurial journey is one of resilience and foresight. From humble beginnings, he built the Dangote Group into Africa’s largest conglomerate, with investments spanning cement, sugar, salt, fertilizers, and the landmark Dangote Refinery. These ventures, Dogara noted, have not only revolutionized industries but also created millions of jobs, strengthened Nigeria’s economy, and reduced dependence on imports. “Alhaji Dangote is not just an entrepreneur; he is a nation-builder whose vision has redefined what is possible for Nigeria and Africa,” Dogara said.

He pointed out that the Dangote Refinery, in particular, represents a turning point in Nigeria’s energy sector, offering the promise of self-sufficiency in petroleum products and positioning the country as a major player in global energy markets. “This singular achievement underscores his commitment to solving Africa’s most pressing challenges through bold and innovative solutions,” Dogara remarked.

Beyond his industrial empire, Dogara praised Dangote’s philanthropy through the Dangote Foundation, which has invested heavily in healthcare, education, and humanitarian relief. From building hospitals and funding scholarships to providing aid during crises, Dangote’s generosity has touched countless lives across the continent. “His philanthropy reflects a deep commitment to humanity. He has shown that true greatness lies not only in building industries but also in uplifting lives,” Dogara added.

Dogara also reflected on the inspirational power of Dangote’s story, stressing that his rise from modest beginnings to global prominence serves as a beacon of hope for young Africans. “His journey proves that with hard work, faith, and determination, Africans can build enterprises that rival the best in the world. He remains a shining example of African excellence,” he concluded.

As Dangote celebrates his 69th birthday, his legacy continues to resonate far beyond Nigeria’s borders. His life stands as a testament to the transformative power of vision, enterprise, and compassion—an enduring reminder that Africa’s future can be defined by innovation, resilience, and generosity

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