Metro
How to Address Nigeria’s Economic Challenges — NECA
The Nigeria Employers’ Consultative Association (NECA) has described the economic challenges facing the country as multi-faceted and called for a holistic and multi-pronged approach toward resolving them.
NECA’s Director-General, Mr Wale Oyerinde, in a statement on Sunday in Lagos, said there was no better time for the Federal Government to reappraise current economic policies and deepen its engagement with the organised private sector.
‘’The nation is currently faced with multiple challenges: with dire combination of spiraling inflation; rising energy cost; scarcity of foreign exchange (FOREX); dwindling value of the naira and an almost comatose aviation sector.
‘’Also, stuttering education system; rising debt; depleting Foreign Reserve and rising fuel subsidy expenses among others, which threaten to lay bare the country’s economy.
‘’While government’s effort to salvage the economy is commendable, there is, however, need for a more holistic approach to resuscitate the stuttering economy, ‘’ he said.
The director-general noted that Nigeria had always lived dangerously on the precipice, with a major chunk of its revenue dependent on the complexities of global crude demand and supply.
According to him, a dangerous blend of self-destructive tendencies, insecurity and fiscal and monetary policy inconsistencies have also conspired to make the situation worse.
“In April 2022, the World Bank warned that the rising cost of fuel subsidy could significantly impact public finance and pose debt sustainability concerns: alas, this projection is almost happening.
‘’The fiscal performance report released recently by the government confirmed the accuracy of these projections.
‘’The combination of a struggling aviation sector and roads taken over by bandits have also conspired to fuel the situation, leading to rising inflation at 18.6 per cent, according to the National Bureau Statistics.
‘’These have continued to worsen the promotion of commerce and the increase the rate of de-industrialisation of some regions of the country,” he said.
Oyerinde, therefore, called for the commencement of a deliberate and economic-priority- influenced approach and wide consultation with stakeholders.
This, according to him, should be with the view of harvesting alternative policy options to re-energise all sectors of the economy.
‘’While the challenges of revenue shortage are acknowledged, burdening businesses with new taxes or levies will be counter-productive and a self-destructive action.
‘’Over-burdening already burdened businesses will only lead to business closure and an escalation of job losses with consequential effect on our social and economic stability.
‘’Government should, in the short-term widen the tax net, reduce wastage in governance, and focus on economic projects that will stimulate the Nigerian economy and guarantee an enabling environment for businesses to operate.
‘’An enabling environment for local businesses will create the platform for new foreign direct investment, which could increase foreign exchange inflow into the country,” he said.
The director-general also urged the government, as a matter of urgency, fix the four national refineries and encourage the development of modular ones as a precursor to total removal of fuel subsidy.
He said that interventions aimed at improving living standards to stimulate consumption and enterprise sustainability to promote job creation should be implemented.
Oyerinde said, ‘’While forex scarcity persists, allocation of the available forex to manufacturing and other productive sectors of the economy should be given priority. ‘’ (NAN).
Metro
Akwanga Set to Host Dignitaries for Spotlight Magazine Launch
By Tambaya Julius, Abuja
Akwanga, Nasarawa State, is set to host prominent personalities from within and outside the state as The Spotlight Magazine prepares to launch its maiden edition on Sunday, November 1, 2026.
The event is scheduled to take place at Gaji Luxury Hotel, Akwanga, by 2:00 p.
m.According to the organisers, the occasion will bring together eminent personalities, traditional rulers, political leaders, captains of industry, media practitioners, youth groups and other stakeholders to celebrate the introduction of the magazine.
The Publisher of the Spotlight Magazine, M. J. Yusuf, said the publication was established to spotlight excellence, promote development journalism, celebrate unsung heroes and showcase the rich cultural and economic potential of Akwanga, Nasarawa State and Nigeria at large.
Yusuf explained that the maiden edition features exclusive interviews, investigative reports and inspiring success stories reflecting the experiences, achievements and aspirations of the people.
He added that the magazine aims to provide a platform for promoting development, recognising outstanding contributions to society and highlighting issues of public interest.
The guest speaker and a veteran media professional, Muktar Wakeel, is to deliver the guest lecture at the event.
Dignitaries expected at the launch include the Executive Governor of Nasarawa State, members of the National and State Assemblies, the Chairman of Akwanga Local Government Area, and traditional rulers led by the Chun Mada, alongside other royal fathers, business leaders and media practitioners.
The organising committee said adequate arrangements had been made to ensure a colourful, secure and memorable event.
It also invited members of the public and other interested stakeholders to attend the launch and support the magazine’s vision of promoting truth, development and positive change.
The launch is expected to mark the beginning of The Spotlight Magazine’s contribution to development journalism, public discourse and the promotion of the cultural and economic potential of Nasarawa State and the World at large.
CRIME
Oyo Police Arrest 11 Suspects over Alleged Cultism, Armed Robbery
The Police Command in Oyo State has arrested 11 suspects over alleged cultism, armed robbery and unlawful possession of firearms in various locations within the state.
The Police Public Relations Officer, Olayinka Ayanlade disclosed this to newsmen while parading the suspects at the Command’s headquarters, Eleyele, Ibadan on Monday.
Ayanlade said the exhibits recovered from the suspects were five guns—including a revolver pistol, a Beretta pistol, a pump-action gun, and a locally made cut-to-size pistol—along with four cutlasses.
He said that the arrest formed part of the ongoing investigations and operation of the Command in ridding Oyo State of crime and criminal activities, especially violent crime.
He disclosed that one of the arrested suspects was a very bright physics student of an institution in the state, who had won several awards, but turned out to be the leader of a cult group, Eiye confraternity.
The PPRO said that the student was arrested together with his colleagues in possession of a firearm, a cutlass, and ammunition.
He added that other arrested suspects were a syndicate who specialised in robbing unsuspecting Nigerians of their possessions, especially phones, in different locations within Ibadan and its environs.
He said the leader of the suspected armed robbers had earlier been arrested, prosecuted and currently in a correctional facility.
Ayanlade said that the suspected armed robbers were arrested as a result of painstaking intelligence gathering with the support and collaboration of members of the public.
He said that the suspects were arrested in their various hideouts by operatives of the command monitoring unit.
One of the armed robbery suspects, a 35-year-old, told journalists that his gang operated with cutlasses to instill fear in their victims before snatching their mobile phones.
The suspect said that the gang had snatched a total of 10 expensive phones, which were eventually sold for between N40,000 and N50,000.
Also speaking in an interview, the suspected cultist student said he was initiated as the leader of the group a year ago after graduating from an institution in Apata area of Ibadan.
The suspect said that he could not really say what pushed him into joining the cult group. (NAN)
Metro
Lawyer Seeks Transfer of Wike’s son’s $2.1m Suit over Bias Concerns
Counsel to Safwan Garba GY and GY Global Oil and Gas Nigeria Limited, Ibrahim Waru, has asked the Chief Judge of the Federal Capital Territory High Court, Justice Husseini Baba-Yusuf, to transfer an alleged $2.1m land deal suit involving Jordan Wike, son of the FCT Minister, Nyesom Wike, over concerns about the trial judge’s alleged family and community ties with the defendant.
Waru, in a letter dated October 7, sought the transfer of the suit, marked CV/008/2026, from Court 2 of the FCT High Court, presided over by Justice Sylvanus Oriji, to another court, citing what he described as a reasonable apprehension of bias.
An acknowledged copy of the letter, received by the Chief Judge’s chambers on October 8, was made available to journalists on Monday in Abuja.
Titled “Request for Transfer of Suit CV/008/26 between Safwan Garba GY & Another Vs Jordan Ezenwo Nyesom Wike from Court 2 on Ground of Reasonable Apprehension of Bias,” the letter said the application was intended to prevent circumstances that could raise concerns about the appearance of impartiality.
Waru wrote, “We respectfully write on behalf of our clients, the claimants, to request the transfer of the above-mentioned suit from Court 2 to another court within the FCT High Court.”
Explaining the basis for the request, he said the claimants’ concerns arose from social media publications which, in their view, suggested a close geographical, community and family affinity between the judge and Jordan.
“In particular, the Honourable Judge presiding over the matter is from the same area/community as the defendant, and there exists a close geographical/community and family affinity between His Lordship and the defendant,” the lawyer stated.
Waru, however, stressed that the request was not intended to impugn the judge’s integrity, impartiality or professional competence.
“Our clients do not equally allege actual bias against His Lordship, the presiding Judge.
“Rather, the request is founded on the need to avoid circumstances capable of creating a reasonable perception or apprehension that the matter may not be determined with the required appearance of complete impartiality,” he added.
Citing the principle that justice must not only be done but must also be seen to be done, the lawyer said the transfer would help preserve public confidence in the judicial process.
He urged the Chief Judge to exercise his administrative powers to reassign the case, arguing that such a decision would not constitute an adverse finding against Justice Oriji.
The letter read, “Our clients are particularly concerned that, irrespective of the actual state of mind of the Honourable presiding Judge, the existing circumstance may create an impression in the mind of a reasonable observer that His Lordship’s relationship and/or common community background with the defendant could potentially influence or be perceived as capable of influencing the adjudication of the matter.”
Waru added that transferring the case would enable the parties to approach the proceedings with confidence in the impartiality of the adjudication process.
The request comes amid an ongoing civil suit in which the claimants are seeking to recover $2.1m they allegedly paid Jordan in connection with a proposed real estate venture involving land in Katampe and Guzape, Abuja.
Jordan had denied receiving the money during cross-examination at the FCT High Court on September 30, insisting that his signature on a document linking him to the transaction was forged.
He also denied knowing one of the men the claimants alleged accompanied him during the purported cash payment.
When asked whether he had reported the alleged forgery to the police, Jordan answered in the negative.
The claimants are seeking an order directing Jordan to refund the sum of $2.1m, with 10 per cent interest from the date of judgment until payment, as well as N100m in damages and the cost of prosecuting the suit.
Jordan has denied the allegations, which remain before the court for determination.
Justice Oriji adjourned the case until December 1, 2 and 14, 2026, for continuation of the trial.


