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PRESIDENT TINUBU AT ABUJA CARNIVAL LAUNCH: Creative Economy A Cornerstone Of My Diversification Agenda

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PRESIDENT TINUBU AT ABUJA CARNIVAL LAUNCH: Creative Economy A Cornerstone Of My Diversification Agenda

*** Says industry now a major contributor to Nigeria’s non-oil GDP growth

By: Our Reporter

President Bola Ahmed Tinubu yesterday identified the creative economy as a cornerstone of his administration’s economic diversification agenda.

He also reaffirmed his administration’s commitment to positioning Nigeria’s creative sector as key driver of Nigeria’s global influence.

The President stated this during the launch of the 2024 Abuja International Carnival at Eagle Square, Abuja.

President Tinubu who was represented by his deputy, Vice President Kashim Shettima, said, “We are not here just to celebrate a carnival but to reaffirm the essence of who we are as Nigerians—a people of culture, a people of art, a people of colour, and a people of shared values.”

The President reaffirmed the carnival’s role in strengthening Nigeria’s position in the global creative economy.

“Our creativity continues to shine on the global stage, drawing admiration and respect. This heritage is the truest measure of what it means to be Nigerian—proud, resourceful, and innovative,” he stated.

Under the theme, “Carnival of Renewed Hope: A Pledge to My Country,” the event showcased performances from across Nigeria and beyond, demonstrating the administration’s commitment to cultural diplomacy.

“The unifying power of art and culture on display here is a reflection of what we can achieve when we work together,” President Tinubu said.

The President emphasised the carnival’s economic impact, noting that Nigeria’s creative industries are already contributing significantly to the nation’s GDP.

“Over the years, this carnival has become a stage for showcasing our rich cultural heritage and a driving force behind our growing creative economy. It has revitalised local industries, fostered cultural diplomacy, and contributed immensely to Nigeria’s position as a cultural powerhouse on the global stage.”

Addressing international participants, Tinubu reinforced Nigeria’s commitment to cultural exchange, just as he said, “Their presence affirms that culture transcends boundaries, and it is through cultural exchange that we build bridges of understanding, friendship, and shared humanity. In this carnival, we offer not just a spectacle but a home away from home for our guests.”

The President called for deeper reflection on the event’s significance, noting that it is more than mere celebration: “A carnival of this scale is not merely an occasion for festivities; it is a call to action. It reminds us of the pledge we owe to our nation: to promote peace, preserve our unity, and contribute, in whatever way we can, to the Nigeria of our dreams.”

The Federal Ministry of Art, Culture, and the Creative Economy, working alongside the Federal Capital Territory Administration and the Abuja International Carnival Secretariat, also received presidential commendation for their role in organizing the event.

President Tinubu praised their “dedication and vision in making the carnival a source of pride for our nation.”

“Our diversity is not just a mark of identity but a powerful force that strengthens our unity and inspires us to dream bigger for our country,” he added.

Earlier in his opening remarks, the Minister of Art, Culture, Tourism, and Creative Economy, Barr. Hannatu Musawa explained that the carnival is a brand that binds Nigerians together and promotes the nation’s beauty and strength in diversity.

The Minister who was represented by the Acting Permanent Secretary in the Ministry, Mr. Oraelumo Obi Raphael, said, “The Carnival is a unique brand that involves the 36 states and the FCT, and countries from all over the world, with Federal Ministry of Arts, Culture, and the Creative Economy as the Coordinating Ministry and the FCT as the host.

“The unique aspect of Abuja Carnival is the fact that it is a platform for artistic expression, innovation, and cultural exchange among local and international participants and the activities are highly competitive, which has given Nigerians the platform to develop and showcase their creative ingenuity as a tool for harnessing the power of culture and strengthening our nation’s bond to foster a brighter future.”

For the FCT Minister, Barr. Nyesom Wike, who was represented by the Director, Social Welfare in the FCTA, the theme of this year’s carnival, “Carnival of Renewed Hope: A Pledge to My Country,” is a call to action, a reminder and a promise, noting that it does not just celebrate the nation’s vibrant culture but also the spirit of resilience and hope that define Nigeria.

He said, ” As we gather here, adorned in the colours, sounds, and expressions of our diverse heritage, we are also united by a shared vision for Nigeria, a vision rooted in the Renewed Hope Agenda of Mr. President, Bola Ahmed Tinubu, of hope, renewal, and the commitment to work together toward a brighter future.

“The Abuja International Carnival is a testament to the power of culture in binding us together. It serves as a bridge, connecting generations, ethnicities, and regions across Nigeria.”

PRESIDENT TINUBU AT ABUJA CARNIVAL LAUNCH: Creative Economy A Cornerstone Of My Diversification Agenda

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Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

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Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

By: Michael Mike

The Nigeria Movement of Solidarity with Cuba (NMSC) has expressed deep condolences to the government and people of Cuba following the killing of 32 Cuban internationalists in Venezuela.

In a press statement issued in Abuja on Saturday, the pro-people coalition, which includes labour unions, civil society organisations and intellectuals, alleged that the Cuban nationals were killed during an attack in Caracas on January 3, 2026, while protecting Venezuelan President Nicolás Maduro, his wife, Cilia Flores, and what it described as the sovereignty of Venezuela.

The group said the Cubans chose to resist despite being overwhelmed, describing their actions as a demonstration of courage, honour and commitment to international solidarity.

NMSC drew parallels between the incident and past historical events where Cuban nationals were involved in overseas struggles, including the 1983 U.S.-led invasion of Grenada and Cuba’s military support for African liberation movements in Angola, Namibia and South Africa during the fight against apartheid.

According to the organisation, thousands of Cuban youths lost their lives in Africa while contributing to the dismantling of apartheid systems backed by Western powers. The group noted that Cuba’s internationalism has not been limited to armed conflicts, citing the country’s long-standing medical outreach to developing nations, including Nigeria.

The statement also recalled Cuba’s response during the COVID-19 pandemic, when it dispatched medical teams to dozens of countries and received hundreds of stranded cruise ship passengers at a time many nations had closed their borders.

NMSC extended its sympathy to the families of those killed in Venezuela and called on the United States government to respect international law, halt what it described as foreign military interventions, and lift sanctions imposed on Cuba, Venezuela and other countries.

The group further aligned itself with repeated resolutions of the United Nations General Assembly calling for the end to the decades-long U.S. embargo against Cuba, insisting that global peace and development require cooperation rather than conflict.

The statement was signed by veteran labour activist and writer, Owei Lakemfa, on behalf of the Nigeria Movement of Solidarity with Cuba

Nigerian Solidarity Groups Mourn Cubans Killed in Venezuela, Condemn U.S. Actions

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NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

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NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

The Chartered Institute of Stockbrokers (CIS) and the Association of Securities Dealing Houses of Nigeria (ASHON) have congratulated the Board, Management, and staff of Nigerian Exchange Group Plc and Nigerian Exchange Limited on the historic achievement of the Nigerian capital market crossing the N100 trillion market capitalisation mark.

The commendation was issued via a press statement on Friday, jointly signed by Mr Samuel Sehinde Adenagbe, Chairman, Association of Securities Dealing Houses of Nigeria and Mr Oluropo Dada, the 13th President/Chairman of Council Chartered Institute of Stockbrokers.

They described the NGX’s achievement as a remarkable milestone and a major affirmation of the resilience, depth, and growing sophistication of Nigeria’s capital market, and a clear signal of renewed investor confidence in the Nigerian economy.

“Crossing the N100 trillion threshold is not only a symbolic landmark; it reflects the capacity of Nigeria’s capital market to mobilise long-term funds for infrastructure, enterprise development, and economic transformation.

“It underscores the vital role of the market in financing growth, creating wealth for investors, and supporting national development objectives,” the said.

According to them, the achievement will not have been possible without the visionary leadership and strategic direction of the NGX Board, as well as the professionalism and dedication of its Management and staff, led by versatile stockbrokers: Dr. Umaru Kwairanga; Mr. Temi Popoola; and Mr. Jude Chiemeka and Mr. Femi Sobanjo.

“We also commend the unwavering commitment and versatility of dealing member firms and stockbrokers who continue to serve as the backbone of the market, ensuring liquidity, transparency, and investor protection.

“Their collective efforts have strengthened market integrity, broadened participation, and improved the overall efficiency of the Exchange.”

The CIS and ASHON also commend the Federal Government of Nigeria for providing a supportive macroeconomic and regulatory environment that has encouraged domestic and foreign investment, promoted market reforms, and enhanced the attractiveness of Nigerian assets.

They stated that policy stability, ongoing reforms, and a clear commitment to private sector-led growth have played a crucial role in creating the conditions for this historic market expansion.

They further commended SEC for providing sound regulations and market development.
They stated that the CIS and ASHON would continue to advocate ethical governance in the capital market with all stakeholder playing by the rules of the game.

They further restated their commitment to sustaining the momentum through robust regulation provided by Securities and Exchange Commission, market innovation, and strong investor protection frameworks.

“We look forward to working closely with all stakeholders to further deepen the market, broaden product offerings, and ensure that the Nigerian capital market continues to serve as a strong engine for inclusive and sustainable economic growth.”

NGX’s N100 trillion milestone, proof of growing sophistication of Nigeria’s capital market- Stockbrokers

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Troops neutralise bandit, recover arms in Plateau raid

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Troops neutralise bandit, recover arms in Plateau raid

By: Zagazola Makama

Troops of 3 Division of the Nigerian Army, under the Joint Task Force Operation Enduring Peace (JTF OPEP), have neutralised a notorious bandit and recovered arms and ammunition during a raid on a hideout in Plateau State.

Sources told Zagazola Makama that the operation was conducted on Jan. 8 at Yolan Gboka–Yama Da Lahdi, following sustained efforts to track and arrest perpetrators of the Dec. 16, 2025 attack on illegal miners at Tosho community in Fann District, Barkin Ladi Local Government Area.

According to the sources, troops made contact with the bandits during the raid and engaged them in a firefight.

“One of the bandits was neutralised during the exchange of fire and was later identified as Sadiq Isah, while others fled the area,” the sources said.

The sources added that troops subsequently exploited the hideout and recovered two AK-47 rifles and 162 rounds of 7.62mm (special) ammunition.

The recovered arms and ammunition are currently in military custody, while troops have commenced follow-up operations to intercept the fleeing suspects and prevent further criminal activities in the area.

Zagazola reports that Operation Enduring Peace is a joint security initiative aimed at restoring peace and stability across Plateau and neighbouring states.

Troops neutralise bandit, recover arms in Plateau raid

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