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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

2027: Ahmadiyya Leader Sees Hope in Adewole Adebayo if Youths Organise

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By Mike Odiakose, Abuja

The Amir and National Head of the Ahmadiyya Muslim Jama’at of Nigeria, Alatoye Abdulazeez, has urged Nigerian youths to unite politically and strategically, identifying Adewole Adebayo as a potential leader capable of driving national transformation if given collective support.

Speaking during an interview, Abdulazeez emphasized that Nigeria’s progress hinges largely on the ability of young people to organize themselves beyond tribal, religious, and financial inducements, and to rally behind credible leadership.

According to him, while several young candidates have emerged in past elections, their failure to build strong alliances allowed older political forces to maintain dominance.

He noted that the case of Adebayo, a lawyer and businessman who contested under the Social Democratic Party (SDP), presents an opportunity for a different political direction if youths can act in unity.

“If the younger generation is sure that Adewole Adebayo can deliver, they should team up with him, get things right, and encourage other youths across tribes to see themselves as one,” Abdulazeez said.

He stressed that Nigeria is currently in what he described as a “storming stage” of nationhood, where divisions along ethnic and regional lines continue to hinder development.

He warned that unless a “national norm” is established—where citizens prioritize unity over sectional interests—the country may struggle to reach its full potential.

The cleric further advised youths to avoid electoral inducement and reject divisive politics, urging them instead to focus on long-term nation-building.

“We must move from where we are to the next stage. Otherwise, we will keep moving in the same direction,” he added.

Beyond politics, Abdulazeez reiterated the Ahmadiyya motto, “Love for All, Hatred for None,” as a guiding principle for national cohesion, stressing that religion should be a force for peace rather than division.

He condemned terrorism and violence carried out in the name of religion, insisting that such acts contradict Islamic teachings.

On governance, he acknowledged efforts by President Bola Ahmed Tinubu, noting that while progress has been made in some areas, more attention is needed in critical sectors such as power and economic management.

Abdulazeez concluded with a call for collective responsibility among citizens, particularly the youth, to reshape Nigeria’s future through unity, moral discipline, and active participation in governance.

“Leadership is not just about those in office,” he said. “It is also about those who choose them.”
End

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POLITICS

ENSIEC Fixes 2026 Council Election Timetable Sept 26

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 From Sylvia Udegbunam, Enugu

The Enugu State Independent Electoral Commission (ENSIEC) have released a revised timetable for the 2026 local government elections.

ENSIEC Chairman, Prof. Christian Ngwu, presented the updated schedule to journalists in Enugu.

Ngwu said the framework outlines activities leading to elections on Sept.

 26 and re-run polls on Oct.
10.

He explained the adjustments followed the repeal of the Electoral Act 2022 and enactment of the Electoral Act 2026.

 “The revised timetable aligns with the new law and other relevant statutes guiding elections in the state,” he said.

He recalled ENSIEC earlier issued a notice on Aug. 20, 2025 alongside an initial timetable.

According to him, party primaries will be held from Jan. 23 to May 26.

“Campaigns will begin on April 29 and end on Sept. 25, 24 hours before polling,” Ngwu added.

He said submission of nomination forms closes on May 29, while candidates’ particulars will be published on June 19.

“The final list of candidates will be released on July 27,” he stated.

Ngwu added that submission of polling agents ends on Aug. 31, while the official notice of poll comes on Sept. 11.

He confirmed elections will be held on Sept. 26, with voting from 8:00 a.m. to 3:00 p.m. using the open secret ballot system.

 “In case of inconclusive results, re-run elections will be conducted on Oct. 10,” he said.

Ngwu stressed the timetable was issued under the commission’s constitutional mandate and in compliance with the Electoral Act 2026.

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POLITICS

Nigeria’s Democracy Must Thrive, Obasanjo, Jonathan Declare

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By David Torough, Abuja

Former Presidents Olusegun Obasanjo and Goodluck Jonathan have issued a strong call for national unity, institutional reforms, and economic transformation, warning that Nigeria’s future depends on collective responsibility and a democracy that delivers tangible results.

Both leaders, who spoke at separate high-level engagements on Thursday, converged on a common message: Nigeria stands at a critical crossroads and requires urgent, coordinated action from citizens, leaders, and institutions.

At the 6th Annual Colloquium marking the 65th birthday of Itua Ighodalo, Obasanjo stressed that no external force would fix Nigeria’s problems unless Nigerians themselves unite across divides.

Represented by Prof. Adedeji Daramola, he emphasised that nation-building is a shared duty requiring contributions from all segments of society.

“Until we come together to work and fix Nigeria, nobody will fix it for us,” Obasanjo declared, urging citizens—from grassroots traders to political elites—to take ownership of the country’s development.

He highlighted the importance of youth inclusion, describing young people as central to Nigeria’s future, and called for greater investment in technology and innovation to harness the country’s demographic advantage.

Echoing reformist sentiments, economist Eghosa Osagie advocated for increased local production, while Opeyemi Adamolekun of Enough is Enough Nigeria criticised the commercialization of politics. Technology investor Iyinoluwa Aboyeji pointed to infrastructural imbalances, noting that digital connectivity remains heavily concentrated in Lagos.

Meanwhile, at a policy convening in Abuja organised by the Goodluck Jonathan Foundation, Jonathan underscored the need to align democracy with economic growth to ensure its sustainability.

He warned that democracy, both globally and in Nigeria, faces increasing pressure from economic hardship, insecurity, and declining public trust. According to him, elections alone are insufficient without transparent institutions and policies that foster innovation and enterprise.

Jonathan raised concerns about governance effectiveness, comparing Nigeria’s democratic system with alternative models in countries like China and the United Arab Emirates, where structured leadership selection and economic progress have been notable.

Despite this, he maintained that freedom and justice remain democracy’s defining strengths, cautioning that any system that fails to uphold these values loses its legitimacy.

“Our democracy has endured, but endurance alone is not enough,” Jonathan said, stressing that economic performance is key to sustaining public confidence.

Both leaders agreed that Nigeria must not choose between democracy and development but instead ensure that both reinforce each other. They urged policymakers, civil society, and the private sector to act decisively in bridging governance gaps and delivering inclusive growth.

The convergence of views from the two former presidents reflects a growing consensus among stakeholders that Nigeria’s progress hinges on unity, accountable leadership, youth empowerment, and a democratic system capable of improving the lives of its citizens.

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