NEWS
NESG Advises FG on 2.2m bpd Oil Output for Budget Ssuccess

The Nigeria Economic Summit Group (NESG) has advised the Federal Government to sustain the crude oil production level of 2.2 million barrels per day (bpd) to ensure the feasibility of the 2025 budget.
Dr Tayo Aduloju, the Chief Executive Officer of NESG, gave the advice at the group’s media interaction on presentation of the group’s strategic vision for 2025 and the private sector macroeconomic outlook on Friday in Abuja.
Aduloju said that Nigeria had seen fluctuating crude oil production levels over the years, with three key production benchmarks: 1.
1 million bpd, 2.2 million bpd, and 2.8 million bpd.He noted that these different phases of the oil industry had impacts on the Nigerian economy, adding that targeting a crude oil level of 2.
2 million bpd was “not ambitious.”“Hitting 2.2 million bpd crude production, regardless of the crude oil price, is necessary for the budget to be realistic.
“The government has shown since it came into office that crude production moved from 1.1 million bpd to 2.2 million bpd, and even to 2.8 million bpd.
“This shows that the government can achieve 2.2 million bpd if our trajectory is an incremental movement in daily oil production. It means it’s possible,” he stated.the
Aduloju, who also unveiled “The Arc of the Possible,” NESG’s strategy for driving Nigeria’s economic development, reiterated that 2.2 million bpd was “not ambitious,” noting, “it’s within the arc of the possible”.
Report says that “The Arc of the Possible” underscores NESG’s commitment to actionable solutions that unlock growth and prosperity with clear targets across key sectors in the short to medium term.
He explained that achieving the target would lead to a positive impact on the economy, particularly in stabilising the foreign exchange market by generating more foreign earnings.
This, he noted, would also boost government efforts on deregulation, liberalisation of the downstream sector and effective regulatory governance.
He, however, said that the federal government needed to ensure political stability thrives in the country to sustain 2.2 million bpd.
Aduloju called for quick intervention in ensuring stability returns to Rivers State and continued funding of government security improvement plans because of its significance to the nation’s oil production and the economy generally.
“Effective implementation of stabilisation reforms could accelerate Nigeria’s Gross Domestic Product (GDP) growth to 5.5 per cent in 2025,” he said.
The CEO said that the report, titled “Stabilisation in Transition: Rethinking Reform Strategies for 2025 and Beyond,” acknowledged the government’s efforts to address cross-sectoral challenges.
He said that the report mentioned the anticipated positive effects of improved electricity supply and fuel availability, expected to reduce business disruptions, particularly for Nano, Micro, Small, and Medium Enterprises (NMSMEs), thereby boosting productivity and economic performance.
“Additionally, improved foreign exchange availability will sustain operations in the manufacturing sector, which depends on imported raw materials and intermediate inputs.
“In agriculture, addressing financing, storage, warehousing, and logistics challenges will bolster sectoral performance.
“The oil and gas sector will remain critical, not just for growth but also as a significant contributor to foreign exchange inflows, external balances resilience, and government revenue.
“Furthermore, the manufacturing sector is projected to expand due to stabilization policies that address power supply challenges and reduce input costs,” Aduloju said.
The CEO said that the NESG report forecasts a decline in inflation to 24.7 per cent under optimal stabilisation efforts, indicating an improvement in the country’s macroeconomic stability.
He said that the report identified effective coordination of fiscal and monetary policies as essential for driving the anticipated reduction in inflation.
Aduloju said that a relatively stable foreign exchange market, resulting from increased foreign exchange supply and reduced speculative demand, would play a crucial role in curbing inflation.
“The anticipated enhanced productivity dynamics across key economic sectors, particularly agriculture, are expected to contribute significantly to the projected ease in inflationary pressure in 2025.
“Increased agricultural output will improve food supply, address scarcity, and ease food price pressure, which constitutes a significant driver of inflation in the country.
“Additionally, improved security in major food-producing regions will ensure better access to farmlands and supply chains, further stabilising food prices,” he said. (NAN)
NEWS
Veritas University student selected to attend Microsoft MVP Global Summit

A 300 level student of Software Engineering , Veritas University, Abuja, Izuafa Abdulrafiu has been selected as Microsoft Most Valuable Player to attend a three day summit in the United States of America.A statement by the Head of Corporate Affairs and Communications of the University, Ben.
Agande said by this selection, Eighteen year old Izuafa Abdulrafiu joins other MVPs from around the world to engage with product teams, discuss new technologies and contribute generally to Microsoft ecosystems. ”In his 200 level, Mr Abdulrafiu had won first place in the Africa First AI-Powered Inter-University Quizathon and won a cash prize of N350, 000 Naira.”He competed against over 150 universities across Nigeria and 7,000+ participants in the competition that covered various courses based on the NUC curriculum. Participants answered the maximum number of questions correctly within 25 minutes, with the event lasting five (5) hours from 10 AM to 3 PM on Saturday, June 22.Organisers of the events had said that “Abdulrafiu’s intelligence, consistency, and tenacity led him to the top of the leaderboard, securing the overall winner title”.Speaking on his experience as Microsoft MVP, Abdulrafiu said: “I recently had the incredible opportunity to attend the Microsoft MVP Global Summit in the United States, an exclusive event where Microsoft brings together MVPs from around the world to engage with product teams, discuss new technologies, and contribute to the Microsoft ecosystem.“At just 18 years old, I became the youngest Microsoft MVP globally, which was a huge milestone in my journey as a tech professional. Being an MVP means consistently contributing to Microsoft technologies, sharing knowledge, and engaging with the developer community. My work in emerging technologies, particularly AI, played a key role in securing my MVP status and, in turn, my invitation to this summit.“The summit lasted three days, and Microsoft fully covered my travel, accommodation, and participation costs. It was an amazing experience where I had the chance to interact directly with Microsoft leaders, engineers, and fellow MVPs from all over the world. We discussed cutting-edge innovations, shared insights, and explored the future of Microsoft technologies. However, due to Non-Disclosure Agreements (NDAs), I can’t share many specifics about what was discussed.“From Nigeria, I can estimate that there were about three to four of us in attendance, though I don’t have the exact numbers. Additionally, I believe some other Nigerians who reside in different countries also participated in the summit, highlighting the strong presence of Nigerian talent in the global tech space.“Overall, the Microsoft MVP Global Summit was an inspiring and career-defining experience for me. It reinforced my passion for technology and my commitment to contributing to the Microsoft community. The connections I made and the knowledge I gained will undoubtedly shape my journey moving forward. I’m grateful for this opportunity and excited about what’s ahead!”NEWS
ICPC Moves to Tackle Corruption in LGs

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has expressed determination to prevent corruption and enhance transparency in local government areas across the country.
The ICPC Chairman, Dr Musa Aliyu, said this at a stakeholders’ meeting on ICPC Accountability and Corruption Prevention Programme for LGs (ACPPLG) on Thursday in Abuja.
Aliyu, a Senior Advocate of Nigeria (SAN), said that the commission was poised to restore public trust in local government administration by strengthening governance structure that will enhance service delivery.
He said that local government administration played a vital role in delivering essential public services and fostering grassroots development in Nigeria.
According to him, as the tier of government closest to the people, its effectiveness directly impacts citizens’ welfare.
“For decades, systemic challenges such as financial mismanagement, lack of transparency and governance inefficiencies have hindered the local governments from fulfilling their constitutional responsibilities.
“The Supreme Court’s landmark ruling of July 2024 reaffirming the financial autonomy of the local government present a unique opportunity to reposition this critical sector for efficiency and accountability.
“However, autonomy alone is not enough, there must be robust frameworks to ensure that local government funds are managed transparently and utilised for the benefit of the people,’’ he said.
Aliyu said that the ICPC had developed the ACPPLG to strengthen financial management, enhance transparency and promote proactive disclosure in local government administration.
He said that the key objectives of ACPPLG included ensuring transparency in local government operations and decision making, facilitating proactive disclosure of financial and administrative activities, and enhancing public communication and citizen engagement in governance.
“it also includes training local government officials on ethical governance and accountability, leveraging technology to improve transparency and access to public information, promoting collaboration between local government councils, civil society and development partners.
“Others are stablishing monitoring mechanisms to track governance performance, fostering inclusivity by ensuring that marginalised groups participate in decision making and encouraging sustainable development practices in local government policy making,’’ he said.
Aliyu said that ACPPLG assessment framework was built around five thematic areas, which are fiscal transparency, open procurement, human resources. corruption control and citizen engagement.
He said that focusing on these areas, the ICPC aimed to strengthen governance structure, enhance service delivery and restore public trust in local government.
“To achieve these goals, ACPPLG will deploy its investigative, prosecutorial and regulatory functions to ensure compliance.
“These include legislative enforcement, and periodic audits and oversight mechanisms to identify and rectify noncompliance.
“State governments must recognise their role in supporting local government council, ensuring that this reform is implemented without administrative bottlenecks,’’ he said.
In a goodwill message, Mr Lateef Fagbemi, the Minister of Justice said that the Federal Government remained resolute in its commitment to promoting transparency, accountability and good governance at all levels.
Fagbemi, a Senior Advocate of Nigeria, who is also the Attorney General of the Federation, was represented by Mr Mohammed Abubakar, a director in the ministry.
He said that this was as encapsulated in the National Anti-Corruption Strategy.
He commended the ICPC for its unwavering dedication to the cause of integrity, transparency, and good governance.
Fagbemi said that the commission’s proactive engagement with stakeholders through fora such as this reflected a commendable commitment to collaborative governance.
Sen. Emmanuel Udende, Senate Committee Chairman on Anti-Corruption and Financial Crimes, said that the committee would work tirelessly to support policies that guarantee the responsible management of public funds.
Represented by a member of the committee, Sen. Anthony Yaro, Udende said that the committee would ensure that allocations meant for LGs translated into real development for the people.
”Through oversight functions, the National Assembly will remain vigilant in ensuring that local government administrations are held accountable for the development of communities.
”We will also try to ensure that efficient services are delivered, and how effectively we can combat poverty and underdevelopment,” he said.
Also speaking, Hon. Kayode Akiolu, Chairman, House Committee on Anti Corruption, said that the initiative would ensure accountability and corruption prevention in the LGs.(NAN)
NEWS
Ogun Gears up for Sports Festival

The Ogun Governor, Dapo Abiodun, on Thursday, said preparations were in top gear for the successful hosting of the National Sports Festival.
He stated that finishing touches were being applied to the facilities at designated centres.
Abiodun made this known during an assessment tour of the M.
K.O. Abiola Stadium and the Alake Sports Centre in Abeokuta.He explained that the construction of an Olympic-sized swimming pool, tennis courts, and a handball court behind the main bowl of the M.
K.O. Abiola Stadium was near completion.He added that facilities at the Alake Sports Centre were at various stages of completion.
“The last time we visited the swimming pool site, it was at the foundation level, but significant construction progress has been made.
“The construction process allows us to make corrections, incorporate inputs, and accommodate suggestions.
“I am pleased that, starting from the M.K.O. Abiola Stadium, the track is already in place, and the field is 80 per cent completed.
“The main bowl, handball courts, and tennis courts are at advanced stages of completion.
“Comparing the current state of the Alake Sports Centre to our last visit, the transformation is remarkable,” he said.
The governor stated, “This facility is about 95 per cent completed, and I am confident we are well-prepared to host Nigerian youths.
“We are positioned to host the best National Sports Festival in the history of the games.”
Abiodun emphasised that no stone would be left unturned in providing the necessary infrastructure before the festival commenced.
He noted that the renovation of sports facilities in the state was already yielding benefits, as the African Athletics Federation had selected the state to host the Under-20 athletics competition in 2026.
“With what we have done, Ogun State will now be a hub for world-class competitions in Nigeria, Sub-Saharan Africa, and beyond.
“We are excited that this investment is already producing results. This will be one of our administration’s enduring legacies,” he said.
Abiodun highlighted the economic impact the festival would have on the state’s economy.
He added that the multiplier effect would become more evident after the games.
The festival will take place between May 16 and 30. (NAN)