Month: October 2026

Ex Minister Adebayo Adelabu Denies Calling for APC Rejection

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The media office of former Minister of Power, Chief Adebayo Adelabu, has strongly debunked viral social media reports alleging that he called on Nigerians to reject the ruling All Progressives Congress. The official statement described the circulating report as completely false, mischievous, and designed to generate artificial friction between Adelabu, President Bola Ahmed Tinubu, and APC leadership. Clarifying the origin of the viral video clip, the statement revealed that the footage was selectively extracted from an interview granted in 2022 when Adelabu contested the Oyo governorship under the Accord Party. During that period, Adelabu urged voters to evaluate candidate credibility while maintaining open support for Tinubu’s presidential candidacy. Reaffirming his unalloyed loyalty to the APC and President Tinubu, Adelabu maintained that his demand for internal party democracy and primary election transparency should never be misrepresented as disloyalty. He urged party faithful and the public to disregard the fabricated narrative and rely solely on verified communications. By: Asiwaju Adekunle Saheed

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Lagos Targets 3,000MW Power Supply by March 2027 to Build 24 Hour Economy

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The Lagos State Government has announced an ambitious energy master plan to expand state electricity supply to over 3,000 megawatts by March 2027, scaling up from its current operational capacity of below 1,000 megawatts. Governor Babajide Sanwo-Olu unveiled the target during the Fourth Lagos Business School Africa Energy Conference. Represented by Deputy Governor Dr. Kadri Obafemi Hamzat, the governor detailed a comprehensive strategy to mobilize an additional 2,000MW through independent power projects, national grid resources, power barges, and embedded generation options. The plan incorporates a seven-point operational framework designed to optimize transmission, distribution, gas-to-power pipelines, and metering coverage. The administration highlighted notable progress in renewable energy projects, including the solarization of 42,000 streetlights and ongoing solar installations across over 270 public schools. Governor Sanwo-Olu called on private financiers and energy operators to partner with the state, emphasizing that uninterrupted power remains the cornerstone of industrial competitiveness. By: Asiwaju Adekunle Saheed

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Borno State Secures Nine Major Private Sector Commitments at Lagos Investment Summit

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Borno State Governor Babagana Umara Zulum’s administration has secured nine formal letters of intent and major land allocation agreements during a two-day private sector roundtable on durable solutions held in Lagos. The high-level summit convened over 20 corporate entities alongside international development partners, including the UNHCR, IOM, and UNDP. A major highlight of the conference saw the Dangote Group allocate N366 million worth of shares directly to internally displaced persons and returnees, alongside a pledge from the Dangote Foundation to fund scholarships for 6,000 girls. Telecommunications giant Airtel secured right-of-way approvals to erect network towers, expanding digital connectivity across recovering communities. To streamline upcoming industrial projects, the Borno State Government guaranteed land title issuance within two weeks for factory developers and 24 hours for residential allocations. An Investment Facilitation Support Group was established alongside GIZ to track project implementation, conduct quarterly monitoring, and align investments with the Borno State 25-Year Development Plan. By: Asiwaju Adekunle Saheed

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President Tinubu Welcomes World Bank Report Confirming Poverty Stabilization and 4.2 Percent Growth

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President Bola Ahmed Tinubu has welcomed the World Bank’s October 2026 Nigeria Development Update, titled Beyond the Federal Purse: How Higher Revenues Reshaped State Priorities. The President stated that the independent report validates his administration’s economic reforms, proving that fiscal policies are placing the national economy on a firm path toward sustainable growth. The World Bank report revealed that Nigeria’s poverty rate has stabilized for the first time since 2019, with projections indicating a steady decline as economic growth outpaces population expansion. Gross Domestic Product expanded by 4.2 percent in the first half of 2026, up from 3.9 percent in the same period of 2025, with long-term growth projected to average 4.4 percent through 2028. Macroeconomic indicators showed headline inflation dropping from 27.6 percent in January 2025 to 15.2 percent by December 2025, alongside a current account surplus rising to $12.0 billion. Gross external reserves increased to $53.8 billion by August 2026, while federation revenues grew by 69 percent in real terms, enabling state governments to boost capital infrastructure spending by 151 percent. President Tinubu emphasized that key policy choices—including petrol subsidy removal, foreign exchange unification, and fiscal discipline—have expanded revenue allocations across all tiers of government. He urged state governors to utilize increased revenues prudently while reaffirming the federal government’s commitment to expanding cash transfers, CNG rollouts, and agricultural productivity under the Renewed Hope Agenda 2.0. By: Asiwaju Adekunle Saheed

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City Boy Movement Appoints High Chief Godfrey Ogbeide as South-South Zonal Coordinator

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The City Boy Movement has appointed High Chief Godfrey Ogbeide, MBA, MSBA, as its Zonal Coordinator of Policy and Strategy for the South-South region. The strategic deployment places the prominent socio-economic strategist at the forefront of driving regional policy frameworks and grassroots coordination efforts. High Chief Ogbeide is the founder of The Omoarebu Ogbeide Foundation and holds the traditional title of Aigbugbakheini I of Ozalla Kingdom in Owan West Local Government Area, Edo State. His appointment is expected to significantly strengthen the movement’s policy direction, elevate strategic planning, and improve campaign initiatives across all six South-South states. Announcing the appointment through an official congratulatory statement, the leadership of the movement expressed immense confidence in Ogbeide’s administrative track record, public service commitment, and analytical insight. The organization highlighted his expertise as a vital asset for advancing its overarching socio-political objectives. In his new role, High Chief Ogbeide will formulate regional policy priorities, chart long-term strategic directions, and coordinate the execution of key movement programs. His office assumes a central role within the movement’s executive regional structure, bridging grassroots mobilization with overarching national objectives. The City Boy Movement expressed strong optimism that Ogbeide’s leadership will fortify its organizational framework and foster seamless synergy among state chapters throughout the geopolitical zone. The executive committee noted that his experience will prove pivotal in driving structured engagement and regional stability. Extending warm felicitations, the movement wished High Chief Ogbeide a successful tenure defined by purposeful leadership, operational excellence, and impactful outcomes across the South-South region. The deployment underscores the movement’s ongoing effort to recruit tested leaders capable of translating policy vision into actionable grassroots results. By: Asiwaju Adekunle Saheed

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Federal Government Rejects Subsidy Return, Proposes N1,350 Price Ceiling and NNPC Discount

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Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has addressed the nation regarding the rising cost of Premium Motor Spirit, firmly ruling out a return to broad fuel subsidies while unveiling key targeted relief measures. Speaking at a press briefing in Abuja, Oyedele acknowledged the severe financial strain on Nigerian households, commuters, and businesses due to elevated pump prices averaging N1,400 per liter nationwide. The Finance Minister attributed the current price surge directly to external global shocks, specifically an ongoing eight-month conflict in the Gulf that has restricted oil shipping through the Strait of Hormuz to 13 percent of normal levels. With Brent crude trading above $100 per barrel and global middle-distillate exports down sharply, Oyedele emphasized that petroleum product inflation is a worldwide crisis affecting both developed and developing economies. Addressing calls from political figures and civil society groups to reinstate fuel subsidies, Oyedele presented data demonstrating that returning to a consumption subsidy would bankrupt public finances and collapse the economy. He revealed that restoring petrol prices to pre-reform levels would cost over N20 trillion annually, an amount exceeding the entire Federation Account allocation shared among all three tiers of government in 2025. Oyedele warned that artificial price suppression would force massive foreign exchange subsidization, weakening the naira toward N3,000 to the dollar and ultimately driving pump prices above N2,000 per liter. He added that legacy crude commitments from the previous subsidy era continue to absorb significant fiscal gains, reinforcing why the government must protect its newly earned economic stability and sovereign credit ratings. To cushion the immediate burden on vulnerable citizens, the Federal Government announced a temporary 30-day price discount on petrol dispensed across all NNPC Limited retail stations nationwide, with priority access granted to commercial public transporters. The minister clarified that the temporary discount operates as a cost-price mechanism rather than a restored blanket subsidy. Concurrently, the government introduced a price modulation framework aimed at smoothing market volatility, establishing a proposed ex-gantry and landing cost ceiling of N1,350 per liter. Under this arrangement, refiners and importers will absorb short-term cost spikes above the ceiling and recover them during market dips, preventing frequent, disruptive price spikes at local pumps. The minister highlighted existing government interventions, including full tax and duty waivers on fuel that save consumers between N400 and N600 per liter, alongside the naira-for-crude sale agreement with domestic refiners. He noted that Nigeria’s current foreign exchange reserves stand at an eighteen-year high of $55 billion, providing critical structural stability for the national currency. Looking ahead, the Federal Government outlined additional measures, including increased cash transfers for low-income households, accelerated CNG vehicle rollouts, the establishment of a National Strategic Fuel Reserve, and the potential implementation of an excess profit tax on predatory energy operators. Oyedele reiterated President Bola Ahmed Tinubu’s commitment to driving long-term fiscal stability and lowering inflation without jeopardizing national growth. By: Asiwaju Adekunle Saheed

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CAS Sunday Aneke Leads Recovery Efforts at Ondo Air Crash Site

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Chief of the Air Staff, Air Marshal Sunday Kelvin Aneke, led senior Nigerian Air Force officers to Igbokoda, Ondo State, to oversee search, recovery, and technical investigation operations. The high level site visit followed Monday’s fatal aviation accident involving NAF ATR 42 aircraft, registered as NAF 931. Arriving at the crash site, Air Marshal Aneke extended profound condolences to the families of all victims, honoring their selfless service, sacrifice, and dedication to national duty. He assured the bereaved relatives that the Air Force community stands fully united behind them during this deeply painful period of national grief. The Air Force chief reaffirmed the military command’s resolve to carry out search and recovery operations according to global aviation standards, maintaining total operational transparency and administrative diligence. He emphasized that every technical detail would be examined to establish the precise cause of the accident. Air Marshal Aneke commended the operational coordination exhibited by the Nigerian Army, Nigerian Navy, Nigeria Police Force, National Emergency Management Agency, and the Ondo State Government. He further acknowledged the civil defense corps, Amotekun Corps, Hi Tech Construction Company, community leaders, and local volunteers for their joint response efforts. Extending gratitude for executive support, the CAS appreciated President Bola Ahmed Tinubu for providing guidance and leadership throughout the crisis. He assured the commander in chief and the public that all retrieved evidence would be secured, documented, preserved, and subjected to forensic evaluation by aviation crash experts. Head of the Investigation and Recovery Team, Air Vice Marshal EOE Ebiowe, confirmed that recovery operations are progressing smoothly across the crash area in close coordination with emergency agencies. AVM Ebiowe verified that the crash perimeter remains secured by armed personnel to preserve physical wreckage and flight recordings. The investigation leadership added that all recovered items, flight instruments, and personal effects are being cataloged according to standard crash site protocols. The Nigerian Air Force remains focused on completing ground recovery operations while extending comprehensive psychosocial support to the families of the victims. The military command urged the public and media outlets to refrain from spreading unverified speculation regarding the operational cause of the crash. Air Marshal Aneke requested patience as technical investigators work to produce a conclusive, fact-based report on the incident. By: Asiwaju Adekunle Saheed

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Contract Breach: Bendel Insurance FC Formally Declares Goalkeeper Joshua Baba AWOL

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Management at Nigeria Premier Football League (NPFL) outfit Bendel Insurance Football Club has officially declared goalkeeper Joshua Baba Absent Without Official Leave (AWOL). The decisive action follows the player’s total failure to report back to duty upon the completion of an authorized medical recovery leave granted by the club. Baba was last involved in team activities shortly after the start of the 2026/27 NPFL season on August 30, 2026. During the club’s fixture against Warri Wolves in Benin City, the shot-stopper sustained a physical knock, prompting medical personnel to recommend a temporary layoff to facilitate recovery. Following medical evaluation, club officials granted the goalkeeper a two-week recovery leave. Baba subsequently traveled home to Plateau State to spend time with family while completing his recuperation process. He was formally scheduled to return to the team’s training facilities in Benin City by mid-September 2026 to resume full duty. Despite the official expiration of his authorized leave period, Baba has refused to return to camp or communicate his whereabouts to management. The club verified that the player failed to seek or receive any official administrative extension regarding his absence. The club’s management, alongside the Head Coach and Team Manager, confirmed that exhaustive attempts were made to establish direct communication with the player. However, all private outreach efforts have yielded no positive response, leaving the club leadership with no alternative option but to enforce internal regulatory sanctions. Bendel Insurance FC clarified that Joshua Baba remains bound to the club under a legally valid employment contract running until the end of 2027. Consequently, his continued refusal to perform contractual duties constitutes a severe breach of professional rules governing professional football in Nigeria. Expressing deep disappointment over the incident, club leadership labeled the goalkeeper’s actions unacceptable and contrary to the core values of discipline, professionalism, and accountability expected of all players representing the Benin-based side. Management reaffirmed that strict disciplinary and administrative proceedings will be launched immediately. To protect its legal interests, Bendel Insurance FC has formally submitted an official report regarding the matter to the Nigeria Premier Football League (NPFL) and the Nigeria Football Federation (NFF). The club requested that both governing bodies document Baba’s unauthorized absence to prevent potential regulatory conflicts or illegal transfers. By: Asiwaju Adekunle Saheed

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Tactical Breakdown: Crisis Deepens at 3SC as Toothless Draw Against Kano Pillars Exposes Systemic Flaws

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Shooting Stars Sports Club of Ibadan extended their worrying early season slump following a lifeless 0-0 draw against Kano Pillars in their rescheduled Nigeria Premier Football League match at the Lekan Salami Stadium. The encounter exposed critical structural deficiencies within the squad, leaving home supporters increasingly frustrated with the team’s ongoing trajectory. Throughout ninety minutes, the Oluyole Warriors struggled to assemble coherent attacking sequences or penetrate the opposition defense. The performance underlined an alarming lack of creativity in midfield and an absence of tactical discipline, as players appeared disconnected and unsure of their operational roles on the pitch. The current setup stands in stark contrast to the fluid, high intensity football that defined the club’s campaign last season under previous leadership. While 3SC exhibited clear transitional patterns and structural cohesion during their prior league run, the team now lacks a distinct tactical identity or recognizable style of play. The stalemate against Kano Pillars marks a continuation of poor recent results for the Ibadan based outfit. Over their last three league outings, 3SC suffered a heavy 4-2 defeat away to Enyimba before recording consecutive goalless draws against Nasarawa United and Kano Pillars. This continuous slip in form leaves Shooting Stars languishing in 13th position on the NPFL table, having accumulated just eight points from seven matches played this season. The technical crew has managed only two victories since the start of the campaign, raising serious concerns regarding their ability to mount a sustained title challenge. Mounting pressure from the stands reached a boiling point at full time, as disgruntled fans expressed vocal discontent with the coaching staff. Supporter groups have openly called for the immediate departure of technical adviser Salisu Yusuf, pointing to the poor tactical setup and sluggish start to the current football season. Club faithful argue that prompt managerial intervention is required before the team slides further down the league standings. Fan delegates emphasized that the squad possesses sufficient individual talent, but lacks the tactical guidance necessary to unlock its potential and secure vital points. The 3SC management faces mounting scrutiny as they evaluate the technical bench’s performance ahead of upcoming fixtures. With fan patience rapidly wearing thin at the Lekan Salami Stadium, the club leadership must take decisive steps to restore tactical discipline and salvage their campaign before the top four spot drifts out of reach. By: Asiwaju Adekunle Saheed

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