NEWS
Nigeria’s Debt Sustainable, Improved Revenues Imperative – Edun
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the country’s debt situation is sustainable and does not require restructuring.
Edun said this on Saturday in Marrakech, on the sidelines of the ongoing World Bank/International Monetary Fund (IMF) Annual Meetings.
Edun, who however, agreed that the country’s debt service revenue was on the high side, said that the response to that was to improve both oil and non-oil revenue.
“Also, we have spent time meeting oil producers and encouraging them to invest further in production, so as to boost revenue as oil prices are relatively high.
“President Bola Tinubu has also inaugurated a fiscal policy and tax reforms committee that is already working on improving revenue generation.
“The committee has a target of moving the country from under 10 per cent tax-to-GDP to 18 per cent within a year. That is also a way of dealing with debt servicing, ” he said.
According to the minister, the more revenue you have the more affordable debt servicing will be.
“The world we are in now is a world of high interest rates. Debt is becoming unaffordable, ” he said.
He said that with the courageous steps that the Nigerian government under Tinubu had taken, the country was at the forefront of attracting Foreign Direct Investment (FDI) that would further boost revenue generation.
“There is more to be done, but Nigeria is on the right path, taking the right decisions for the economy to recover and attract FDIs, and also achieve inclusivity of women and youths.
“These are painful reforms, but there is a set of interventions being rolled out to cushion their effects and improve the well-being of Nigerians,” Edun said.(NAN)
NEWS
NPERA Deepens Transparency, Accountability in Port Sector
By David Torough, Abuja
The Nigerian Ports Economic Regulatory Agency (NPERA), has reiterated its commitment to transparency, accountability and responsible management of public resources as it settles into its new role as Nigeria’s port economic regulator.
The Director-General/Chief Executive Officer of NPERA, Dr.
Akutah Pius, stated this when he received a delegation from the Civil Society Coalition for Transparency and Good Governance (CSCTGG), led by its Executive Director, Comr. Success Uko, on a courtesy visit to the Agency’s Abuja Liaison Office.Akutah said the Nigerian Shippers’ Council had transitioned into NPERA under the new legal and regulatory framework, positioning the Agency to provide stronger economic regulation of Nigeria’s port sector.
He assured the delegation that NPERA remained committed to responsible management of public funds in the discharge of its statutory responsibilities, as well as promoting regulatory practices that enhance confidence and efficiency in the maritime sector.
The DG/CEO said the Agency would give due consideration to the Coalition’s request for collaboration and take appropriate formal steps to explore areas of partnership that align with NPERA’s mandate.
Earlier, the Executive Director of CSCTGG, Comr. Success Uko, said the Coalition was seeking a working relationship with NPERA to promote transparency, accountability, public awareness, stakeholder participation and good governance in the maritime sector.
Uko described NPERA as a critical stakeholder in Nigeria’s transport and maritime sector, noting that effective regulation and access to accurate information were important to improving service delivery and strengthening public confidence.
He said the Coalition had developed initiatives focusing on transparency, accountability, good governance and community development, and sought NPERA’s support towards their implementation and wider impact.
According to him, the proposed collaboration would also promote greater awareness among shippers, importers, exporters, transport operators and other stakeholders about policies, procedures, rights and responsibilities within the maritime sector.
He assured NPERA of the Coalition’s readiness to support legitimate programmes and initiatives of the Agency that are consistent with its statutory mandate.
NEWS
2027: INEC Appeals for Peaceful Conduct, Promises Neutrality
The Independent National Electoral Commission (INEC) has appealed to political parties, candidates and voters to ensure peaceful conduct before, during and after the 2027 general election.
Resident Electoral Commissioner (REC) of INEC in Ondo State, Dr Mutiu Agboke, made the appeal at a major stakeholders meeting on Thursday at the commission’s offices at Akure South and North Local Government Area of the state.
Political parties, security agencies, traditional rulers, religious leaders, NYSC members, National Association of Transport Owners (NATO) and other drivers union, among others were present.
Agboke, who visited the traditional ruler of Iju and Ita-Ogbolu in Akure North Local Government Area, said the stakeholders meeting became necessary to ensure the forthcoming election was free, fair and credible.
According to him, credible elections are a collective responsibility and that security, traditional institutions and transport unions all play a critical role in protecting voters, officials and election materials.
The REC, who said INEC would remain neutral and transparent, warned that the commission would not tolerate partisan leaning, vote-buying, intimidation or any act capable of undermining the credibility of the poll.
“This advocacy is for the commission and our major stakeholders to be on the same page because our expectation is to let votes count.
“The recent elections conducted by INEC are enough proof to show that people’s votes determine the direction of who wins.
“Meanwhile, we don’t want them to engage in violence, nobody should allow him or herself or wards to be used for violence and desist from engaging in vote buying.
“It is only votes lawfully cast and duly counted would determine winners,” he said.
He, therefore, assured that INEC officials had been trained to adhere strictly to the Electoral Act and its guidelines, while the commission’s doors remained open for questions and clarifications to avoid misinformation.
Agboke reiterated INEC’s promise of neutrality, saying that preparations for the 2027 general elections had already begun in earnest.
According to the REC, the success recorded in recent by-elections in the state will be built upon to deliver free, fair and inclusive polls that reflect the will of the people.
In their separate responses, Oba Idowu Faborode, The Ogbolu of Ita-Ogbolu; Oba Amos Farukanmi, The Okiti of Iju and religious leaders, pledged to sensitise their subjects and congregations on non-violence.
Also, Dr Gbenga Jemiloye, Akure South Local Government Chairman of All Progressive Congress (APC), applauded the commission for the meeting, saying it showed INEC was ready for the election.
The security agencies and drivers union assured of adequate deployment across the state, while the transport unions committed to timely movement of personnel and materials.(NAN)
NEWS
DAILY ASSET Loses Political Editor, Mike Odiakose at 63
By David Torough, Abuja
The management and staff of DAILY ASSET have announced the death of the newspaper’s Political Editor, Mike Odiakose, who passed away in the early hours of Thursday at the Federal Medical Centre, Keffi, following a brief illness.
Odiakose, aged 63, was described by the management of DAILY ASSET as an accomplished journalist, who served with dedication across various media organisations in Nigeria before joining the newspaper two years ago.
In a statement personally signed by the Publisher and Editor-in-Chief of DAILY ASSET, Dr.
Cletus Akwaya, the newspaper expressed sadness over the death of the veteran journalist, saying he would be deeply missed by his colleagues and members of the wider media community.“Management and Staff of DAILY ASSET regret to announce the sudden passing of our Political Editor, Mr Mike Odiakose in the early hours of today (Yesterday), following a brief illness at the Federal Medical Centre Keffi,” the statement said.
The management noted that Odiakose’s contributions to journalism extended beyond DAILY ASSET, where he worked for two years, having previously served with dedication in several media organisations across the country.
He is survived by his wife and children.
The newspaper prayed for the peaceful repose of his soul and offered its condolences to his family, colleagues and associates.
“May his gentle soul rest in perfect peace. Amen,” the statement added.


