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Buni signs the 2024 appropriation into law
Buni signs the 2024 appropriation into law
By Yahaya Wakili
Governor Mai Mala Buni of Yobe State signed into law the 2024 appropriation and finance bills today at the Government House, Damaturu. Tagged, “BUDGET OF CONSOLIDATION AND ECONOMIC RECOVERY.”
He said we submitted a total sum of $217 billion to service our capital and recurrent expenditures for the 2024 fiscal year, which the house, in its wisdom, reduced by $50 million to make it more realistic, bringing the budget to a total sum of $216 billion.
Governor Buni revealed that the recurrent expenditure now stands at $94,156,000,000, while the sum of $122,794,000,000 is now approved for capital expenditure against the $122,844,000 initially allocated to the sector.
“This spirit of teamwork and followship will no doubt drive our collective determination, strategic synergy, collaboration, and collective zeal to serve the good people of Yobe State better and with great success.” Buni added.
He expressed his appreciation to the honorable members and the entire staff of the house for their continuous support, cooperation, and diligence in ensuring the timely passage of the 2024 budget to enable us to hit the new year with great determination and commitment to execute our policies and programs with speed and success.
He assured that the government would complete all ongoing projects and initiate new ones, adding that in the new year, the government would focus on the completion of the ongoing projects and the funding of new ones, thereby prioritizing key sectors and programs that directly impact the lives of our citizens.
According to him, the provision of roads and other basic infrastructure for multifaceted development would continue to be given priority attention. We would ensure the completion of Potiskum and Geidam modern markets, Potiskum trailer park, and the Damaturu mega shopping mall, as well as the rehabilitation, upgrading, and capitalization of all the government-owned companies.
“The completion of the sesame seed processing and packaging factories in Damaturu, Potiskum, Machina, and Nguru towns is very key to our administration’s efforts towards providing employment opportunities and local revenue. We will therefore ensure their completion and take-off soon.
The government would also continue to provide a conducive working atmosphere for civil servants and public office holders to be more responsive to our current demands for speedy and effective implementation of our people-oriented policies and programs.
Buni signs the 2024 appropriation into law
News
Nigeria, South Korea Deepen Cooperation in Creative Industry with K-pop-Afrobeat Collaborative Album Underway
Nigeria, South Korea Deepen Cooperation in Creative Industry with K-pop-Afrobeat Collaborative Album Underway
By: Michael Mike
A collaboration between Afrobeat and K-pop is underway as Nigeria and South Korea deepens cooperation in the creative economy, using music as a bridge.
Artistes and producers from both countries staged a landmark Afrobeats–K-pop collaboration in Abuja with the plan to roll out a musical experiment of fusion of both afrobeat and K-pop.
The live production concert, tagged “K Music Production x Afrobeats,” was hosted by the Korean Cultural Center in Nigeria (KCCN) and brought together Korean vocal coach Seo Yena, music producer and composer Lee Haneung, and Nigerian Afrobeats artiste FirstKlaz for a joint recording and live performance.
The event underscored growing cultural diplomacy between both countries and highlighted the expanding global influence of Afrobeats, which has increasingly shaped contemporary pop sounds across Asia, Europe and North America.
Seo Yena said her journey into Afrobeats began in 2024 when she visited Nigeria as a vocal instructor under a KCCN programme, an experience she described as transformative.
“That was my first real contact with Nigerian music,” she said. “Working with Nigerian singers made me curious about Afrobeats, so I started researching it and thinking about how to connect it authentically with Korean music.”
She explained that the collaboration deliberately blended the relaxed groove and rhythmic flow of Afrobeats with the structured vocal delivery and powerful climaxes typical of K-pop.
“Afrobeats has a calm, flowing feel, while Korean pop focuses on clarity and emotional intensity. The idea was not to overpower one with the other, but to allow both identities to shine,” she said.
Producer Lee Haneung described the partnership as a significant creative challenge and a step toward building a more balanced global music ecosystem.
“Afrobeats is now a major force in world music, and its influence is already present in K-pop,” he said. “But too often it feels like borrowing. I wanted to understand Afrobeats from its source and create something sincere that respects both cultures.”
Nigerian artiste FirstKlaz said he welcomed the collaboration because of his long-standing interest in Korean music, adding that the creative process was seamless.
“I love K-pop, so when I got the invitation, I was excited,” he said. “The studio sessions were full of pure energy. I wrote and sang my parts, and the collaboration felt natural.”
Although a release date has not yet been announced, KCCN confirmed that the collaborative track is being prepared for commercial release and forms part of a broader plan to deepen partnerships between Korean producers and Nigerian artistes.
The Centre said the initiative aligns with efforts by both countries to grow their creative industries, promote cultural exchange and position music as a viable driver of youth employment, innovation and global engagement.
As Afrobeats continues to gain traction worldwide and K-pop expands its global reach, the Abuja collaboration signals a new chapter of cross-continental creativity—one rooted not in imitation, but in mutual respect and shared artistic growth.
Nigeria, South Korea Deepen Cooperation in Creative Industry with K-pop-Afrobeat Collaborative Album Underway
News
FG to Enforce Governance Standards as MOFI Introduces Excellence Awards for Public Enterprises
FG to Enforce Governance Standards as MOFI Introduces Excellence Awards for Public Enterprises
By: Michael Mike
The Federal Government is set to tighten oversight and raise performance standards across its portfolio of state-owned enterprises with the launch of the MOFI Excellence Awards, a new accountability-driven initiative scheduled for the second quarter of 2026.
The awards, to be introduced by the Ministry of Finance Incorporated (MOFI), are aimed at institutionalising transparency, discipline and measurable performance in Federal Government-owned enterprises, marking a shift from discretionary oversight to structured, benchmarked governance.
MOFI said the initiative is part of broader reforms aligned with President Bola Ahmed Tinubu’s economic agenda, which seeks to improve fiscal discipline, unlock value from public assets and reduce the burden of inefficient enterprises on the national treasury.
At the core of the process is the MOFI Corporate Governance Scorecard, launched in April 2025, which now serves as a standardised tool for assessing Boards and management teams against international best practices in transparency, risk management and compliance.
An independent technical panel, inaugurated in December 2025 by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, will conduct the assessments. Portfolio companies will be evaluated using strict criteria, including regulatory compliance, Board effectiveness, financial controls and sectoral impact.
According to MOFI, the awards are not intended as ceremonial recognition but as a mechanism to drive behavioural change across public enterprises by linking governance quality to reputational standing and future oversight.
“The MOFI Excellence Awards represent a structural reset in the way public enterprises are managed,” the Ministry said in a statement. “Transparency is no longer optional, compliance is measurable, and performance outcomes are central to fiscal responsibility.”
Institutions that emerge as top performers will be recognised for demonstrating strong governance culture, operational discipline and accountability, while underperforming entities are expected to face closer scrutiny and corrective interventions.
MOFI said the initiative will also provide policymakers with clearer data on enterprise performance, enabling more informed decisions on restructuring, capital allocation and potential private-sector participation.
Analysts say the move could signal a turning point in public enterprise management, particularly if the scorecard and awards framework is consistently applied and tied to consequences.
Further details on the awards and governance framework are available on MOFI’s official website, www.mofi.com.ng.
FG to Enforce Governance Standards as MOFI Introduces Excellence Awards for Public Enterprises
News
$1bn Poultry Mega Project to Drive Food Security, Jobs Hit Homestead as Pilot Begins in Three States
$1bn Poultry Mega Project to Drive Food Security, Jobs Hit Homestead as Pilot Begins in Three States
By: Michael Mike
Nigeria’s push to strengthen food security and cut dependence on poultry imports is set to gain fresh momentum as the $1 billion National Integrated Poultry Project moves into its pilot phase in Enugu, Kaduna and Oyo states.
The project, driven under the Nigeria–China Strategic Partnership (NCSP), is designed as one of the most ambitious agricultural investments in the country’s history, targeting large-scale egg and meat production, expanded feed cultivation and direct support for local farmers.
Director-General and Global Liaison of the NCSP, Joseph Tegbe, announced the take-off of the pilot phase at the weekend during the Chinese New Year Temple Fair in Abuja, held to mark the 55th anniversary of diplomatic relations between Nigeria and China.
According to Tegbe, the initiative is structured to go beyond commercial farming. When fully operational, it is expected to produce about six million eggs daily, house more than seven million laying birds and over two million broilers, while supporting the cultivation of more than 60,000 hectares of maize and soybeans for feed.
He said the scale of the project positions it as a game-changer for Nigeria’s poultry value chain, with direct implications for employment, farmer incomes and food affordability.
“This is not just a farming project. It is a strategic intervention to stabilise food supply, create jobs across the value chain and restore dignity to agricultural livelihoods,” Tegbe said.
A key component of the initiative, he explained, is the provision of subsidised feedstock, which will not only serve the integrated farms but also support existing poultry farmers who have been hit by rising feed costs.
Beyond agriculture, Tegbe highlighted parallel Nigeria–China collaboration in heavy industry, particularly the planned revitalisation of the Ajaokuta Steel Complex. He said renewed operations at Ajaokuta are projected to yield up to 10 million metric tonnes of steel annually, potentially reshaping Nigeria’s industrial landscape.
“A functional Ajaokuta will power manufacturing, unlock jobs and reposition Nigeria as an industrial force in Africa,” he said, adding that the government is determined to translate long-standing plans into measurable economic outcomes.
On human capital development, Tegbe noted that educational and knowledge-exchange programmes between Nigeria and China are expanding, with more scholarships, joint research initiatives and industrial parks in the pipeline to support technology transfer and innovation.
China’s Chargé d’Affaires to Nigeria, Zhou Hongyou, said the poultry project and other joint initiatives reflect the maturity of bilateral relations built over 55 years. He described the Year of the Horse—under which the celebration falls—as symbolic of hard work, perseverance and progress, values he said mirror the trajectory of Nigeria–China cooperation.
Also speaking, Director of the China Cultural Center in Nigeria, Yang Jianxing, described the growing partnership as one rooted in mutual trust and shared development, stressing that cooperation must continue to deliver concrete benefits for ordinary Nigerians.
The anniversary celebration featured cultural performances, exhibitions and a showcase of Chinese traditions, underscoring the people-to-people dimension of the Nigeria–China relationship as both countries pursue deeper economic and cultural ties.
$1bn Poultry Mega Project to Drive Food Security, Jobs Hit Homestead as Pilot Begins in Three States
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