POLITICS
FG Targets 12 Per Cent Annual Growth Rate, Eyes $1trn Economy Landmark
By Tony Obiechina, Abuja
The Federal Government has mapped out a comprehensive roadmap to transition Nigeria into a $1 trillion economy.
Minister of State for Finance, Dr.
Doris Uzoka-Anite who revealed this on Wednesday said the target is a “specific, measurable decision” rather than a mere political slogan.Speaking while declaring open the 2025 Financial Correspondents Association of Nigeria (FICAN) Annual General Meeting held in Abuja on Wednesday, the Minister of State for Finance further stated that achieving this milestone will require the nation to maintain a sustained GDP growth rate of between 10% and 12% annually over the next decade.
The theme of the AGM is: “Realizing President Bola Tinubu’s $1 Trillion Economy Agenda.”
The Minister, who was represented by Uloma Amadi, Assistant Director of Media and Public Relations, noted that while the current GDP stands at approximately $275 billion, the administration is committed to the “ambitious targets that move nations.”Restoring Market IntegrityReflecting on the administration’s journey since 2023.
The Minister highlighted the “politically difficult” but necessary decisions to remove the fuel subsidy—which previously consumed over $5 trillion annually—and unify the foreign exchange windows.”Investors could not trust the signals our market was sending”.
“Today, those reforms are being vindicated. In January 2026, S&P Global revised Nigeria’s outlook to positive, affirming a high level of confidence in our fiscal and monetary trajectories.
” The “Second Wave”: DGAS Framework, the government is currently transitioning into a “second wave” of reform known as the Disinflation and Growth Acceleration Strategy (DGAS). This nine-pillar framework is designed to move Nigeria away from a consumption-based economy toward productive capacity.Key pillars of the DGAS include:Industrialization: Moving away from exporting raw materials (which currently account for 70% of inputs) to domestic processing, modeled after the success of the Dangote Refinery.Infrastructure: Expanding broadband, data centers, and the Nationwide Energy Expansion Program (solar, hydro, and gas).
She disclosed that the federal government is targeting a pipeline technical training program for 3 million young Nigerians annually.
The minister also disclosed that the government is launching a platform to make financing for housing, education, and healthcare accessible to ordinary citizens.Global Re-entry and Compliance
Dr. Uzoka-Anite also listed that significant progress in international financial standing, highlighting Nigeria’s recent exit from the Financial Action Task Force (FATF) grey list.”This matters because it directly reduces compliance costs for foreign investors,” the Minister explained.
“Capital flows more freely to countries that international regulators trust.”The minister added that with a commitment to transparency, the Ministry of Finance now treats investment expenditure as a distinct pillar of public finance to ensure every naira spent builds long-term value for the Nigerian people.
In its goodwill message, the Ministry of Finance Incorporated (MOFI) detailed a massive 1 trillion Naira private-sector-led intervention aimed at restructuring Nigeria’s mortgage landscape and stimulating the broader economy.
Speaking at the event, Sani Yakubu, Executive Director at MOFI, revealed that 75 billion Naira has already been deployed into the mortgage sector following the successful raising of an initial 250 billion Naira tranche.Addressing the “Life or Death” Supply GapYakubu highlighted that the Nigerian housing market faces a dual crisis of demand and supply.
According to him, the mechanism is to ensure that developers can access cheaper capital by proving to financiers that buyers are already lined up through pre-approved mortgages.”The toughest question the developers face is: who is going to buy the houses?” Yakubu stated, comparing the security of a pre-ordered product to a speculative one.
“By giving an off-take guarantee, we stand ready to provide mortgages to Nigerians to buy those units, making developers more bankable”, he enthused.
According to him, since the program’s inception—a figure exceeding the total volume of business the Year-old institution had conducted in its entire previous history.Digital Transparency and Market AccessTo foster a nationalized market, MOFI has launched an interactive platform currently featuring nearly 5,000 housing units across Nigeria.
The portal allows Nigerians, including those in the diaspora, to view properties and initiate mortgage applications digitally, bridging the geographical gap between developers and potential homeowners.The 1 trillion Naira program, registered with the Securities and Exchange Commission (SEC), is expected to continue in tranches, providing a sustainable roadmap for affordable housing and capital flow within the Nigerian economy.
POLITICS
Sowunmi: Nigeria Must Create Space for Leaders Like Adewole Adebayo
As debates over Nigeria’s political future intensify, a chieftain of the Peoples Democratic Party (PDP) in Ogun State, Otunba Segun Sowunmi, has weighed in on issues ranging from party loyalty and national development to generational leadership and presidential ambition.
In this wide-ranging interview, Sowunmi addresses questions about his continued membership of the PDP, his civic platform, The Alternative, and his approach to constructive political engagement across party lines.
Significantly, Sowunmi highlights Prince Adewole Adebayo as one of the emerging figures Nigerians should seriously consider in conversations about generational renewal. While acknowledging the structural realities of Nigeria’s political landscape, he argues that the country must deliberately create space for credible, prepared and ideologically driven leaders capable of shaping its next chapter. Excerpts:
You are still in PDP, you run the Alternative platform, and yet you openly acknowledge some of President Tinubu’s policies. Some say you are confused or using the platform as a bargaining chip. Are you still in PDP?
It is unfortunate what is happening within the PDP, but political parties go through phases. For those of us who remain, we must be realistic and responsible.
Acknowledging good policies is not the same as defecting or endorsing a government wholesale. If the government embarks on projects like the coastal road or the Sokoto–Badagry road, should we pretend not to see their long-term implications? Such infrastructure benefits future generations.
If local government autonomy is strengthened, if conversations about state police become serious, if subsidy removal blocks leakages and ensures fuel availability—should we not objectively assess those policies? Politics should not blind us to national interest.
I am not confused. I believe in constructive engagement—criticising when necessary and acknowledging progress when it occurs. Democracy must move beyond mere change of faces every four years; it must produce real development.
I created The Alternative so we can begin to think differently. We cannot keep saying everything is bad and offer no hope. Let us look for the best among us—not only for the presidency, but for councillors, legislators, governors and all positions of responsibility.
Some allege that the Alternative Platform was created as a bargaining chip.
The Alternative is not a bargaining chip; it is a reorientation platform. It is meant to encourage Nigerians to participate actively in politics and to vote responsibly.
If you do not vote, you have voted against all of us. I want citizens to scrutinise candidates carefully and stop recycling the same political actors without accountability.
Criticise your leaders, yes—but do not hate your country. We must stop waking up daily to curse Nigeria. The platform is about hope, responsibility, and ensuring that the best among us lead the rest of us.
With many heavyweights leaving the PDP, why are you still in the party?
Democracy requires viable alternatives. If opposition collapses into one dominant party, democracy suffers.
Defections do not erase grassroots support. The PDP still has structure and roots. Political power is not eternal; those ruling today will not rule forever. Our duty is to articulate alternatives, criticise where necessary, praise where appropriate, and build consensus for national progress.
You were close to Atiku Abubakar, but he has moved on politically. Have you parted ways?
I supported and campaigned for him, but I am not someone who moves from party to party. Stability matters to me.
Politics should also respect principles like rotation and generational renewal. In a diverse country like Nigeria, leadership cannot always revolve around one individual’s ambition.
What would you say about your friend Adebayo contesting the presidency?
People like Adebayo fit into the category of giving younger leaders a chance. He represents a new generation that is intellectually prepared and ideologically driven.
However, Nigeria is a multi-religious and multicultural country. Issues such as rotation and regional balance must always be considered. We must be sensitive to those realities.
Does Adebayo stand a real chance?
Electoral success depends on party structure, national spread and political organisation. Running on a smaller platform presents challenges.
But the larger issue is this: Nigeria must create room for credible alternatives. Prepared minds should not be ignored. If Nigerians truly want renewal, they must be willing to support capable new-generation leaders when they emerge.
POLITICS
Tinubu Needs Second Term to Complete Reforms, Says Oyetola
The Minister of Marine and Blue Economy, Dr. Adegboyega Oyetola, says President Bola Tinubu needs a second term to complete ongoing reforms and stabilize Nigeria’s economy.
Oyetola, leader of the All Progressives Congress (APC) in Osun, said continuity was crucial at this stage of national development.
In a statement on Sunday by his Special Adviser on Media, Dr Bolaji Akinola, Oyetola said the President required more time to further deliver democratic dividends.
Recall that on Feb. 14, 2026, Oyetola led the Osun APC to endorse Tinubu at a reception in Osogbo.
According to him, the endorsement followed a careful assessment of the administration’s performance and reform agenda.
“Continuity is crucial at this stage of Nigeria’s development.
“A second term will enable the President to consolidate ongoing reforms, complete major infrastructure projects and fully stabilise the economy.
“President Tinubu has demonstrated courage, capacity and commitment to reposition Nigeria.
“What he needs now is time to complete the good job he has started,” Oyetola said.
He said Tinubu took difficult but necessary decisions at the beginning of his tenure to rescue the economy.
“President Tinubu took courageous and necessary decisions at the outset of his administration to rescue Nigeria’s economy from the brink of collapse.
“These bold fiscal and monetary reforms were not easy, but they were inevitable to stabilise the system and restore confidence.
“Today, we are witnessing improved revenue generation, greater transparency in public finance and renewed investor confidence in our economy,” he said.
Oyetola noted that infrastructure development remained central to the administration’s strategy.
“The President has prioritised massive investments in roads, rail, ports and energy infrastructure across the country.
“These strategic projects are expanding economic opportunities, enhancing connectivity and stimulating job creation nationwide.
“They are laying a solid foundation for sustainable growth and long-term national development,” he said.
The minister also commended the President’s social welfare initiatives.
“While pursuing reforms, the administration has not lost sight of the welfare of ordinary Nigerians.
“Through targeted intervention programmes, student loan initiatives and support for small and medium-sized enterprises, the government is cushioning reform impacts.
“This demonstrates that the President is not only reform-minded but also compassionate and people-focused,” he said.
Oyetola added that security coordination had improved under Tinubu’s leadership.
He said increased support for law enforcement was strengthening national stability.
The minister assured that APC members in Osun were fully aligned behind Tinubu’s re-election bid.
Oyetola also expressed confidence that the APC governorship candidate, Asiwaju Bola Oyebamiji, would win the Aug. 15 election in the state.
POLITICS
Oyo APC Urges Members to Disregard Fake Exco Lists in Circulation
The leadership of the All Progressives Congress (APC) in Oyo state has urged members and the general public to disregard the fake list of new executives of the party at Ward and local government level in circulation.
APC in a statement signed by its Publicity Secretary, Olawale Sadare, on Saturday in Ibadan, described the list containing different names of purported new excos members as fake.
Sadare said that the list was being circulated by some mischievous elements to cause disaffection and frustrate the overall interest of the stakeholders and genuine supporters of the APC.
It would be recalled that members of the party in the state participated in the nationwide Ward and LGA congresses held on Feb.
18 and Feb. 21 respectively.At the congresses, new set of officials, expected to manage the affairs of the party at the grassroots level for the next four years, were elected.
According to Sadare, the party is preparing to hold its state congress on Tuesday at the Obafemi Awolowo Stadium, Ibadan.
He urged members and supporters of the party to grace the occasion “as all arrangements have been put in place to make it a huge success.
“We have been inundated with reports of some fake documents being circulated on social media platforms as the lists of the newly elected executive committee members for some Wards and Local Government Areas in the state.
“For the avoidance of doubt, we stand by the outcome of the congresses as successfully done across the 351 Wards and 33 LGAs in the state.
“The consensus arrangement which was prescribed by the national leadership was employed and this gave us the desired results.
“Therefore, nobody should entertain any fear regarding the status of those who emerged as Ward and Local Government Area executive committee members at the concluded congresses.
“Their inauguration will be done as soon as the new State Executive Committee is put in place.
“Also, a new state Exco will emerge on Tuesday through consensus and each of the 33 LGA will have the opportunity to send their choice candidates as representatives.
Sadare urged members and supporters of the party not to worry about the alleged fake list in circulation, stressing “the party is waxing stronger everyday.”
He urged party members and supporters not to entertain fear “as there would be no room for distractions or sabotage from any quarters.
“There is no doubting the fact that APC is the only serious political party in the country, particularly in Oyo state.
“And as democrats, we will always act to sustain constitutional democracy and the rule of law.” he stated.


