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Natasha Defies Ban, Gets Heroic Reception in Kogi

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Despite a government ban on rallies and processions, Sen. Natasha Akpoti-Uduaghan yesterday received a rousing welcome from supporters in Kogi State.Supporters from Kogi Central’s five local government areas gathered early in Ihima, Okehi LGA to welcome the embattled People’s Democratic Party (PDP) lawmaker.

Amid music and celebration, she arrived dramatically in a white helicopter, sparking cheers.
Addressing the crowd, Akpoti-Uduaghan dismissed the government’s restrictions, insisting she was merely celebrating Sallah with her constituents.
“Yesterday, we heard on the news that rallies and gatherings will not be allowed, that roads will be blocked, and convoys leading into the state will not be allowed.
“I knew that we were the targets. But then I said, this is not political season, this is not campaign time,” Akpoti-Uduaghan said.She added, “We are not having a rally. This is just me, the Senator representing Kogi Central, coming down to her people to celebrate this festive time – the Sallah with you, and there is nothing wrong with that.“I am breaking no law. This is Nigeria. We have the right to be free, to express our choice in gatherings and celebrations.”Her homecoming followed a curfew imposed by the Okehi LGA chairman and warnings from the police.She had earlier accused Senate President Godswill Akpabio, Kogi State Governor, Ahmed Ododo and his predecessor, Yahaya Bello of being behind any security threats.The senator, recently suspended by the Senate amid a sexual harassment controversy involving Akpabio, insists she is facing political persecution.A recall process against her is also underway.It would be recalled that on Monday, the Kogi State Government banned rallies and public gatherings in the state over ‘security reports’.The government also stopped fishing and other activities, arguing that they recently resulted in the loss of two lives in Kasemiya, Katubo and Umozu Ette, all in Kogi Local Government Area in Kogi West.The Commissioner for Information, Kingsley Fanwo said the move was to prevent any form of security breach that might destabilise the state.Similarly, the Kogi Police Command warned Akpoti-Uduagan to cancel her planned Sallah rally.Kogi State Commissioner of Police, Miller Dantawaye stated that the planned gathering goes against the state government’s recent ban on political gatherings, which was announced on Monday.

Natasha’s Allegations Desperate Attempt to Manipulate Public Sentiment — Kogi GovtThe Kogi State Government has stated that the reckless, malicious and utterly false allegations made by the suspended Senator Natasha Akpoti-Uduaghan on her verified Facebook page, in which she claims that Governor Ahmed Ododo, former Governor Yahaya Bello, and Senate President, Godswill Akpabio should be held responsible if anything happens to her, are completely unfounded.In a press statement issued yesterday by Commissioner for Information and Communications, Kingsley Fanwo said: “This is yet another desperate and calculated attempt to mislead the public, incite unrest, and present herself as a victim after deliberately violating the ban on political gatherings imposed by the State Government to maintain law and order.“Her statement exposed her plans to use her visit to stir trouble and violence in the Kogi Central Senatorial District. We will not allow any part of the state to go up in flames nor permit the killing of innocent souls due to the actions of the suspended Senator.“Although she has since deleted the post after realizing the potential consequences of her false claim, we have secured a screenshot of it before its removal. Her actions since the early hours of today have validated the security report that certain elements were planning to foment trouble in Kogi Central.“Let it be categorically stated that Governor Ododo has absolutely no interest in the political theatrics of the suspended Senator Natasha Akpoti-Uduaghan. Her baseless allegations are nothing but a feeble attempt to stir unnecessary controversy and cover up her blatant disregard for the law. She has once again proven that she has no respect for rules and regulations.“Suspended Senator Natasha Akpoti-Uduaghan has consistently demonstrated a pattern of lawlessness, using lies and deceit as tools for political engagement. The recent disturbances in Kogi State, orchestrated by her defiance of the state’s security directives, have further established her status as a security threat to the people of the State.“She deliberately violated the State Government’s ban on political gatherings, which was enacted to prevent security breaches and maintain peace. Rather than respecting the law, she chose to incite chaos, disregarding the safety and stability of the state. When confronted with the consequences of her actions, she resorted to her usual tactics of playing the victim and fabricating baseless accusations against respected leaders of the state and the nation.“The people of Kogi State and Nigerians at large should see through her deceptive ploys and reject her attempts to manipulate public perception with outright lies. Senator Natasha Akpoti-Uduaghan is not a victim; she is an instigator of disorder who thrives on spreading falsehoods to gain public sympathy.”Fanwo emphasized that the Kogi State Government will not be blackmailed or intimidated by the antics of a desperate politician who has built her political career on falsehoods.“We remain committed to upholding law and order and will take all necessary steps to ensure that no individual, no matter how highly placed, is allowed to breach public peace with impunity. The building tension and cloud of violence hanging over Kogi Central would not have been necessary if Natasha Akpoti-Uduaghan had complied with the State Government’s directives and cooperated with security agencies. She will be held responsible if her actions result in any violence in Kogi Central or any part of the State.“Let it be clear that the security of every citizen in Kogi State, including that of Natasha Akpoti-Uduaghan, remains a priority. However, the government will not tolerate anyone deliberately provoking crises and then crying wolf when confronted with the consequences of their actions.“We call on the security agencies to take note of her reckless utterances and inflammatory actions that pose a serious threat to peace and stability in the state. She should be held accountable for her blatant attempts to incite violence and cause unnecessary tension.“Kogi State remains a peaceful state under the leadership of the Chief Servant of Kogi State, His Excellency Alhaji Ahmed Usman Ododo, and we will not allow anyone, regardless of their status, to derail our commitment to peace, security, and progress,” the statement partly read.

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Nigeria’s Capital Market Key to Achieving $1trn Economy – FG

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By Tony Obiechina, Abuja

Minister of Finance and Coordinating Minister of the Economy Wale Edun has emphasized the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a $1 trillion economy.Edun, who spoke at the Capital Market Committee (CMC) meeting, was represented by Minister of State for Finance; Dr.

Doris Uzoka-Anite highlighted the market’s transformation since 2015, with improvements in governance structures, new products and platforms, stronger regulatory environment, and growing investor participation.
According to the Minister, the Implementation of the Capital Market Master Plan (2015-2025), has been instrumental in increasing the market’s contribution to the national economy, developing a sophisticated market structure, and improving competitiveness.
Edun said the revised plan prioritizes digitalization, innovation, sustainability, inclusion, and capital formation, aligning with the broader economic reform agenda.He said the passage of the new act modernizes the legal and regulatory framework, streamlines enforcement mechanisms, and provides clarity on emerging areas such as digital assets and crowdfunding.On the challenges and opportunities inherent in the Act, the Minister said, it will help deepen market participation, as well as ensure regulatory coordination remains tight.On the government’s private sector innovation in creating the needed environment for businesses to thrive, the Minister noted that the government is committed to creating an enabling environment for private sector innovation to flourish within a fair and transparent environment.The Minister added that the market is expected to contribute to the economy, serving not only for capital raising but also as a vehicle for wealth creation, economic inclusion, and long-term national resilience.He explained that, with the Securities and Exchange Commission undertaking regulatory reforms, including joining the GBMC Network of IOSCO in promoting and implementing ISSB Standards amongst others, the domestic economy has recorded the fastest GDP growth in about a decade in 2024, driven by a strong fourth quarter and improved fiscal position.Earlier in his speech, the DG SEC, Dr. Emomotimi Agama, emphasized the Commission’s commitment to regulatory reforms and capital market growth.According to him the enactment of the Investment and Securities Act (ISA) 2025 marks the beginning of a transformative new era for the capital market.Agama highlighted the Commission’s efforts to deepen engagement with stakeholders, ensure widespread dissemination and understanding of the new law, and drive innovation and compliance.He also emphasized the importance of restoring investor confidence, bringing timely relief to aggrieved investors, and creating a platform for broad-based participation of Nigerians in wealth creation.The SEC boss noted that the Commission has constituted an implementation team to thoroughly engage with every provision of the ISA 2025 and set up a dedicated sensitization team to deepen public understanding of the new law. A podcast series has also been launched to simplify the ISA 2025 and make it accessible to all Nigerians.Agama highlighted the Nigerian capital market’s impressive performance in 2024, with the NGX All-Share Index increasing by 37.65% and market capitalization growing by 53.39%. He also noted the Commission’s efforts to enhance regulatory efficiency, promote market integrity, and protect investors.The SEC boss emphasized the importance of financial inclusion and investor education, citing the Commission’s initiatives to empower women, youth, and grassroots communities. He also highlighted the Commission’s commitment to technology-driven solutions, including the launch of an e-survey to assess emerging technology adoption in the Nigerian capital market.Agama concluded by emphasizing the Commission’s commitment to fostering growth, transparency, and sustainability in the capital market, and looking forward to fruitful deliberations at the meeting.The highlight of the CMC meeting was the unveiling of the ISA Act 2025 by the minister.

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FG Boosts Internet Access, Rolls out $2bn Fibre Network

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By David Torough, Abuja

The Presidency on Monday said Nigeria’s Communications and Digital Economy sector attracted $191m in foreign direct investment in Q1 2024, a nine fold increase from $22m in Q1 2023.The Minister of Communications, Innovation and Digital Economy, Bosun Tijani disclosed this during an interview for an upcoming State House documentary marking President Tinubu’s second anniversary.

Special Adviser on Information and Strategy to the President, Bayo Onanuga, revealed in a statement yesterday titled; “Investment in Digital Economy Grows Ninefold, Rollout Of $2 Bn Fibre Optic Infrastructure Begins Q4: Bosun Tijani.
”Tijani highlighted the sector’s robust workforce development, driven by the three Million Technical Talent programme and revealed plans for a $2bn initiative to deploy 90,000 kilometres of fibre optic infrastructure nationwide, starting in Q4 2025.
“These foundational reforms, coupled with advancements in artificial intelligence and the startup ecosystem, have positioned Nigeria as a global leader in the digital economy,” Tijani stated.Comparing FDI inflows, he said, “In Q1 2023, the sector had about $22m; by Q1 2024, with this administration well underway, we reached $191m. The trend continued in Q2, increasing from $25m in 2023 to $114 m in 2024.”According to the minister, the 3MTT programme, launched in October 2023 to create a tech-savvy workforce, has already trained over 117,000 Nigerians in digital skills, surpassing its initial target of 30,000.“By last year, we had already moved that to over 117,000. With an additional 35,000 in training, the programme is nearing 10% of its 3 m goal. And in the rest of the time in office, we hope to reach three million,” he said.Regarding connectivity, Tijani announced that Project Bridge, focused on deploying 90,000 kilometres of fibre optic cable, will commence in the fourth quarter.“We are preparing a $2bn investment to ensure every Nigerian can access affordable, high-quality connectivity regardless of location. Increasing connectivity hubs by just 10 per cent could yield a 2.5 per cent GDP growth,” he said.Tijani celebrated Nigeria’s ranking among the world’s top 60 countries for AI readiness and developing a homegrown large language model.He also highlighted the launch of the AI Collective platform, supported by leading partners including Pierre Omidyar, Google, and Microsoft, to foster collaboration and innovation in artificial intelligence.For the first time in the country, the ministry has funded 55 academic researchers to explore technology applications in agriculture, healthcare, and education. In addition, N300m was invested in 10 startups using AI and blockchain to enhance agricultural productivity.On the Nigeria Startup House in San Francisco, an initiative targeting $5 billion in startup funding, Tijani said, “Our goal is to attract $5 billion in investments for Nigerian startups, supported by the Startup Pact and Trade Desk initiatives, which will connect local tech firms to global opportunities and government procurement.”Tijani revealed that over 500 government technologists have been trained in AI and Digital Public Infrastructure, and the groundbreaking Digital Economy Bill has passed its first reading in the National Assembly.To bridge rural connectivity gaps, the Minister projected that 7,000 telecom towers would be deployed, targeting 98 per cent nationwide coverage, adding that the Federal Executive Council had already approved the project.He described the progress on Right-of-Way issues as a game-changer for the country, revealing that 12 states in the federation have adopted zero-rated Right-of-Way policies.According to him, these efforts will support the National Broadband Plan’s goal of achieving 90% penetration by 2025, up from 48% in 2024.He projected the sector’s GDP contribution to rise from 16 per cent to 22 per cent, stating, “If a sector can increase its contribution by three to four per cent to the GDP, we’re about to see the economic growth we’ve not seen before. Technology allows us to bridge the gap between governments and the people.”Tijani said the government is not chasing quick wins. “The results we want to provide for Nigeria are long-lasting reforms that will transform our economy for generations to come”.

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Abbas Recommends Israel, Brazil, Vietnam Revenue Diversification Models

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By David Torough, Abuja

Speaker of the House of Representatives, Hon. Abass Tajudeen, has declared that Nigeria’s heavy dependence on oil revenue would continue to leave its economy vulnerable, noting that agriculture remained the most viable alternative to achieving resilience.

Abass made the declaration in Abuja on Monday at a one day public hearing on some Bills seeking the establishment of agricultural colleges and institutions.
Represented by Chief Whip of the House, Hon. Ibrahim Isiaka, the Speaker said it was within this context that the establishment and expansion of Agricultural Research Institutions across the country are not only necessary but strategically urgent.He said Nigeria should “Emulate countries like Israel, Brazil, and Vietnam that have attained a significant leap in agro development by investing substantially in research and development.
”According to him, Brazil’s Embrapa, for instance, reengineered an infertile savannah into a global food hub, just as Vietnam’s targeted agricultural reforms pulled vast populations out of poverty, while Israel continues to innovate in arid-zone agriculture through technology-driven methods.Chairman of the House Committee on Agricultural and Institutions, Hon. Isiaq Abiodun Akinlade, recalled how in the 60s and 70s, the country was among the major exporters of agricultural produce such as cocoa, cotton, palm oil, and groundnuts.The lawmaker noted that Nigeria, with a population size of over 220 million and still growing, is desirous of more agricultural colleges and research institutions to help proffer solutions to issues, “namely climate change, insecurity, pest outbreaks, soil degradation, unskilled labourers, and livestock management.”

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