NEWS
Economy has Turned the Corner – says Uuzoka-Anite
Dr Doris Uuzoka-Anite, Minister of State for Finance, says the Nigerian economy has turned the corner and Nigerians will soon begin to reap the benefits of the reforms by the President Bola Tinubu’s administration.
The minister said this while speaking with State House Correspondents after a bilateral meeting with Tinubu on Wednesday in Rio de Janeiro, Brazil.
Uuzoka-Anite was emphatic that the Nigerian economy was beginning to rebound.
“We can see some growth happening. It’s going to take a little bit of time but as soon as all the reforms take root, the harsh economic environment and the suffering of the people will be a thing of the past.
“The president received today the MD of the International Monetary Fund, and she came specifically to commend the President on the reforms that he started.
“They are very strong reforms, very difficult to implement. The IMF is so pleased that we’ve been able to sustain it, and especially because they now see that the reforms are effective and that the benefits are now beginning to be felt by Nigerians.
“So, she came to pledge more support for the reforms and for the administration, and specifically offer technical assistance for budget support,” she said.
According to her, the IMF is offering technical support for budget design and budget implementation to make sure that the budget is effective.
“The second area of technical support that they are offering is in the area of our fiscal, monetary and structural reforms.
“The third area is an area where they can help us to create more fiscal space and then help us to attract more concessionary funding from different development partners, because when you have higher fiscal space then you can actually do more.
“And the fourth area is in helping us with our borrowing policies so that we can borrow at a cheaper cost and that the benefits of the borrowing can be felt in the economy by everybody,” said the minister.
She added that the IMF boss was pleased with the social safety net programme being implemented by the Tinubu administration targeting the poor and the vulnerable group in the society.
The minister said the objective of the programme was to ensure the impact of the palliatives given out by the government would cushion the effect of the petrol subsidy and the foreign exchange subsidy removal.
he added,“And so they are pledging more support to help Nigeria stabilise and for the economic realities we’re feeling to be ameliorated as quickly as possible.
“So, it was a very fruitful meeting and we expect them in the near term to visit Nigeria where we can then deepen the conversation and see how we can maximise the benefits of this particular meeting.”
On the negative perception by Nigerians of IMF advice, the Minister said the institution would always give advice, especially for low-income countries and vulnerable middle-income countries.
“We’re a vulnerable middle-income country and you know the reforms that we’ve instituted have even made us even more vulnerable. And the IMF advice is not detrimental to the economy.
“Where you see countries that have followed the IMF advice strictly and followed it according to the advice, they always come out better.
“And yes, I understand the negative perception but now we’ve instituted the reforms on our own. We didn’t even do the reform based on IMF advice,” she said.
Uuzoka-Anite explained that the Tinubu administration started the reform because it felt it was the best way for the economy to survive.
“For us to benefit maximally from government policies and incentives, we had to remove those subsidies.
“We did it on our own, and the IMF is saying now you’ve done the reform, so if we’re going to support you, they are not asking us to do any more reform because we’ve already done the reform,” said Uuzoka-Anite.
She stated that the IMF was committed to supporting Nigeria to ensure that the economy stabilised and for the citizens to feel the impact of the transformational policies and reforms of the government. (NAN)
Foreign News
Trump Expands US Travel Ban to Five More Countries
President Donald Trump has expanded a US travel ban, barring nationals of five additional countries and people travelling on Palestinian Authority-issued documents from entering the US.
The White House said the restrictions were intended “to protect the security of the United States” and will come into force on 1 January.
Full-entry restrictions will be imposed on people from Burkina Faso, Mali, Niger, South Sudan and Syria as well as Palestinian Authority passport holders.
The administration also moved Laos and Sierra Leone, which were previously subject to partial restrictions, to the full ban list and put partial restrictions on 15 other countries, including Nigeria, Tanzania and Zimbabwe.
Trump, who has tightened immigration controls since returning to the White House in January, said the expanded travel ban was necessary because of what his administration described as failures in screening and vetting systems overseas.
Officials cited high visa overstay rates, unreliable civil records, corruption, terrorist activity and a lack of cooperation in accepting deported nationals.
The announcement followed the arrest of an Afghan national suspected of shooting two National Guard troops over the Thanksgiving weekend, an incident the White House pointed to in highlighting its security concerns.
This is the third time Trump has imposed a travel ban.
During his first term, he introduced a similar order in 2017, which sparked protests and legal challenges at home and abroad. The policy was later upheld by the US Supreme Court.
The White House said the restrictions would remain in place until affected countries show “credible improvements” in identity management, information-sharing and cooperation with US immigration authorities.
A number of exceptions apply and the ban will not affect lawful permanent residents, many existing visa holders, diplomats, or athletes travelling for major sporting events. Officials said case-by-case waivers would also be available where travel is deemed to be in the national interest.
Countries with full restrictions:
Afghanistan, Burkina Faso, Burma, Chad, Equatorial Guinea, Eritrea, Haiti, Iran, Laos, Libya, Mali, Niger, Republic of the Congo, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Yemen
Individuals travelling on Palestinian Authority issued or endorsed travel documents are also subject to a full suspension of entry
Partial restrictions:
Angola, Antigua and Barbuda, Benin, Burundi, Côte d’Ivoire, Cuba, Dominica, Gabon, Gambia, Malawi, Mauritania, Nigeria, Senegal, Tanzania, Togo, Tonga, Venezuela, Zambia, Zimbabwe
Special case:
Turkmenistan (restrictions remain for immigrants but have been lifted for non-immigrant visas).
NEWS
Farouk Ahmed, Gbenga Komolafe Resign after Dangote Petition
By Eze Okechukwu, Abuja
President Bola Tinubu has nominated new chief executives for Nigeria’s two foremost petroleum regulatory agencies following the resignation of their heads, Engineers Farouk Ahmed and Gbenga Komolafe.
In separate letters to the Senate yesterday, the President requested the confirmation of Oritsemeyiwa Amanorisewo Eyesan as Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and Engineer Saidu Aliyu Mohammed as Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The nominations followed the voluntary exit of Ahmed, who headed the NMDPRA, and Komolafe, the pioneer CEO of the NUPRC.
Both men were appointed in 2021 by former President Muhammadu Buhari after the enactment of the Petroleum Industry Act (PIA), which created the two regulatory bodies to oversee reforms in Nigeria’s oil and gas industry.According to a State House press release by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, Tinubu urged the Senate to expedite the confirmation process to ensure continuity and stability in the regulation of the petroleum sector.
Eyesan, a seasoned industry professional, is an Economics graduate of the University of Benin and spent nearly 33 years with the Nigerian National Petroleum Company Limited (NNPC) and its subsidiaries. She retired as Executive Vice President, Upstream, in 2024, and previously served as Group General Manager, Corporate Planning and Strategy, from 2019 to 2023.
Engineer Saidu Aliyu Mohammed, born in 1957 in Gombe State, is a Chemical Engineering graduate of Ahmadu Bello University, Zaria. He has held several strategic positions in the oil and gas industry, including Managing Director of the Kaduna Refining and Petrochemical Company and the Nigerian Gas Company. He also served as Group Executive Director and Chief Operating Officer, Gas and Power Directorate at NNPC.
Mohammed has chaired the boards of the West African Gas Pipeline Company, Nigeria LNG subsidiaries and NNPC Retail, and played key roles in major national projects such as the Escravos–Lagos Pipeline Expansion, the Ajaokuta–Kaduna–Kano (AKK) Gas Pipeline and Nigeria LNG Train developments.
The President expressed confidence that the nominees’ experience and expertise would strengthen the implementation of the Petroleum Industry Act and advance reforms across Nigeria’s oil and gas value chain.
NEWS
NLC Stages Nationwide Strike over Insecurity
Labour Takes Nationwide Protest to Streets over Insecurity
The Nigeria Labour Congress (NLC) yesterday led a nationwide protest across major cities, including Abuja, Calabar and Osogbo, to draw attention to Nigeria’s worsening insecurity and economic hardship, insisting that governments at all levels must urgently reclaim communities, protect citizens and restore public confidence.
In Abuja, the NLC President, Joe Ajaero described the heavy deployment of security personnel around the protest as “normal,” arguing that whether security agencies were sent to protect or stop workers, it showed the impact of labour’s action.
However, he faulted the practice of deploying security chiefs to interface with labour during industrial disputes, stressing that labour matters were not security issues.“Industrial relations issues are the responsibility of the Ministry of Labour and the Office of the Secretary to the Government of the Federation, not heads of security institutions,” he said, warning against intimidation of workers under the guise of security.
Addressing workers after a brief procession, the NLC Deputy General Secretary, Comrade Ismail Bello, said the protest was not partisan but a struggle for the survival of all Nigerians. He lamented the devastation caused by insecurity, noting that communities had been destroyed, livelihoods lost and essential services disrupted.
“We have paid a heavy price. Healthcare workers, teachers, transport workers and many others have been affected. The damage is enormous and it has to stop,” Bello said, adding that the constitution guaranteed the right to peaceful protest and freedom of association.
He called for decisive action against kidnappers and criminal elements, arguing that failure to punish perpetrators had emboldened insecurity. “Children must return to school. Communities must return to normalcy. Government must deploy the full machinery of governance to recover all spaces taken over by criminals,” he added.
The NLC Head of International Department, Comrade Uche Ekwe, said the protest was meant to strengthen the government’s resolve to confront insecurity, insisting that those funding criminal activities must be arrested and prosecuted.
Labour disclosed grim statistics to underscore its concerns, revealing that since 2009, over 2,295 teachers had been killed by insurgents and bandits, more than 19,000 displaced in the North-East, and over 910 schools destroyed. In the health sector, about 35 per cent of facilities were destroyed by terrorism, while 50 per cent became inaccessible, worsening the shortage of medical personnel.
In Cross River State, organised labour staged a peaceful rally in Calabar, where the NLC Chairman, Comrade Greg Olayi, warned that Nigerians could no longer live or work in safety. He cited attacks on farmers, kidnappings of schoolchildren and insecurity on highways as evidence of a failure of governance.
Similarly, the Joint Negotiating Council Chairman, Comrade Raymond Afu, described the rally as a call to conscience for government at all levels, stressing that the essence of governance was the protection of life and property.
In Osun State, labour leaders and civil society voices also joined the protest, calling on the state government to strengthen local security networks, including Amotekun and other community-based outfits, rather than shutting them down. They warned that insecurity must not be allowed to take root in the state.
The Osun State Chairman of the Nigeria Union of Journalists (NUJ), Wasiu Ajadosu, said organised labour could no longer remain silent while citizens faced daily threats, emphasising that security was the foundation for development and social justice.

