Connect with us

National News

UK Commends Nigeria’s Economic ReformsInsists Though Reforms Have Brought Hardship But Necessary for Future Growth and Stability

Published

on

UK Commends Nigeria’s Economic Reforms
Insists Though Reforms Have Brought Hardship But Necessary for Future Growth and Stability

By: Michael Mike

The United Kingdom has commended Nigeria’s Economic reforms being carried out by the President Bola Tinubu administration

The British High Commissioner to Nigeria, Richard Montgomery gave the commendation at a press conference on UK-Nigeria trade on Wednesday in Abuja.

Montgomery said though the reforms have brought high inflation and hardship but they are necessary for future growth ànd stability of the country.

He said: “President Bola Tinubu’s economic reforms are working, and they have made Nigeria more investible.

“The Naira is now more stable and more predictable. And the last quarter Nigerian economy has grown by 4%.”

He also noted that the UK is also carrying out economic reforms that will be beneficial to Nigeria because they will make business investment’s more predictable, simplify regulations of doing business.

“We also have reforms in the UK economy and we are working on how they can benefit Nigeria.”

The Director General, Presidential Enabling Business Council (PENEC), Princess Zahrah Mustapha Audu, on her part said the Naira is now more stable and it’s good for investors.

She said: “This conversation is about investment and trade; to me the Naira is more stable because it’s more predictable and prior to my appointment as DG , I use to work with the president on Foreign Direct Investment (FDI), as a technical adviser and I can tell you; one o the key things that investors look for is stability, predictability . People invest in Afghanistan not because it’s better than Nigeria,. It was a war zone but because it was predictable.

“And that is what President Tinubu has created in Nigeria. There is predictability, we no longer have that market window where we had people who were simply trading the Naira. And that have been eradicated.”

Speaking further she said: “What we’ve done now is that we have stopped the ability for agencies or departments or ministries to come up with new new policies. It must go through all the stakeholders engagement, it must go through all the assessments to make sure that the positives far outweighs the adverse reactions of the businesses.”

“We are also doing everything possible to grow our local economy.” She added

The British Country Director, Department of Business and Trade, Mark Smithson, disclosed that UK-Nigeria trade volume is £7.2 billion.

“UK/Nigeria trade volume is £7.2N and the UK has approved zero tariff on 3000 exports from Nigeria, which includes: cocoa, cashew nuts, tomatoes and others.”

UK Commends Nigeria’s Economic Reforms
Insists Though Reforms Have Brought Hardship But Necessary for Future Growth and Stability

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

NSCDC Raises Alarm Over Fake Promotion Notice, Warns Personnel Against Scammers

Published

on

NSCDC Raises Alarm Over Fake Promotion Notice, Warns Personnel Against Scammers

…Disowns WhatsApp message seeking officers’ names, service numbers and ranks

By: Michael Mike

The Nigeria Security and Civil Defence Corps (NSCDC) has alerted its personnel to a fraudulent notice circulating on WhatsApp, warning that scammers are attempting to harvest officers’ personal and service details under the guise of the 2026 senior promotion exercise.

The Corps, in an official disclaimer on Monday, disowned the notice, which directs personnel to submit their full names, service numbers and present ranks to a designated WhatsApp number, 08031306693.

It described the purported directive as fake, stressing that neither the NSCDC management nor its National Public Relations Office issued the instruction.

The warning comes amid concerns over the growing use of unofficial communication channels by fraudsters to exploit personnel seeking career advancement, particularly during promotion exercises.

In the disclaimer, signed by the National Public Relations Officer, Assistant Commandant of Corps Babawale Afolabi, the Corps urged officers and men to disregard the message and avoid disclosing sensitive service information to unverified individuals or platforms.

It cautioned that the fraudulent request could expose personnel to identity theft, impersonation and other forms of financial or administrative fraud.

The NSCDC clarified that all official matters relating to promotions fall within the jurisdiction of the Secretary to the Civil Defence, Correctional, Fire and Immigration Services Board (CDCFIB).

It added that legitimate promotion-related information is communicated through established administrative channels of the Ministry of Interior and the Corps, rather than through unsolicited WhatsApp messages or personal telephone numbers.

The Corps, therefore, advised personnel to verify all promotion-related information through their appropriate command structures and official administrative channels before acting on any purported directive.

The disclaimer urged officers and men to remain vigilant and ensure that the warning receives wide publicity to prevent unsuspecting personnel from falling victim to the scheme.

The development highlights the vulnerability of internal administrative processes to impersonation and fraud, particularly where career progression and promotion opportunities are involved.

For security personnel, the Corps stressed, the safest approach is to treat unsolicited requests for service records and personal information with suspicion and rely exclusively on officially authorised communication channels.

NSCDC Raises Alarm Over Fake Promotion Notice, Warns Personnel Against Scammers

Continue Reading

National News

ECOWAS Project Delivers Electricity to 500,000 People in Three West African Countries

Published

on

ECOWAS Project Delivers Electricity to 500,000 People in Three West African Countries

…$225m World Bank-funded initiative connects 490 localities in The Gambia, Guinea-Bissau and Mali

…Mali seeks extension as ECOWAS holds final steering committee meeting in Abuja

By: Michael Mike

The Economic Community of West African States (ECOWAS) said its $225 million Regional Electricity Access Project has extended electricity access to nearly 500,000 people across 490 localities in The Gambia, Guinea-Bissau and Mali.

The achievement was disclosed at the 10th and final Steering Committee meeting of the ECOWAS Regional Electricity Access Project (ECOWAS-REAP), which opened in Abuja on Tuesday to review implementation progress and determine measures for ensuring the sustainability of the project.

The World Bank-financed initiative is designed to expand electricity access in underserved communities across the three countries, as part of efforts to deepen regional energy integration and improve living conditions in West Africa.

Speaking at the meeting, the Director of Energy and Mines at the ECOWAS Commission and Chairman of the Steering Committee, Arkadius Koumoin, acknowledged the significant progress recorded despite challenges that affected implementation, including the COVID-19 pandemic and institutional disruptions.

He, however, stressed the need for concrete decisions and actions to ensure responsible closure of the project, noting that its success should ultimately be measured by the number of households effectively connected to electricity.

Koumoin’s position highlights the importance of translating infrastructure investments into actual electricity access for communities, rather than measuring performance solely by completed project activities.

The Managing Director of the National Water and Electricity Company (NAWEC), The Gambia, Gallo Saidy; the representative of Guinea-Bissau’s Ministry responsible for Energy, Pedro Jeus de Oliviera; and Mali’s National Director of Energy, Oussouby Mary dit Ousmane Diarra, reaffirmed their commitment to completing outstanding project activities.

However, Mali called for an extension to enable it to complete its outstanding work, underscoring the need to address implementation gaps before the project’s final closure.

The meeting is expected to provide an opportunity for participating countries and the ECOWAS Commission to agree on the outstanding actions required to consolidate the gains of the initiative and ensure that beneficiaries continue to enjoy reliable electricity access.

Through ECOWAS-REAP, the regional bloc is advancing its energy integration agenda and the objectives of ECOWAS Vision 2050, with the broader ambition of translating regional investments into tangible improvements in the lives of West African citizens.

ECOWAS Project Delivers Electricity to 500,000 People in Three West African Countries

Continue Reading

National News

Court Dismisses El-Rufai’s N120m Rights Violation Suit Over Alleged Wiretapping

Published

on

Court Dismisses El-Rufai’s N120m Rights Violation Suit Over Alleged Wiretapping

By: Zagazola Makama

A High Court of the Federal Capital Territory (FCT) on Monday dismissed a N120 million fundamental rights enforcement suit filed by former Kaduna State Governor, Mallam Nasir El-Rufai, against the Department of State Services (DSS), the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Attorney General of the Federation (AGF).

The court dismissed the suit for lacking merit and awarded N200,000 each in favour of the DSS, EFCC and ICPC.
Delivering judgment, Justice Sylvanus Orji held that the invitation letters issued to El-Rufai by the EFCC and ICPC complied with constitutional requirements and did not violate his fundamental rights.

On El-Rufai’s challenge to an attempted arrest by the DSS at the Nnamdi Azikiwe International Airport, Abuja, the judge held that the service possessed powers to carry out its statutory responsibilities pursuant to the relevant legal instruments governing its operations, including the National Security Agencies Act.

The court further held that the DSS had the mandate to maintain watchlists and take appropriate action, including arresting persons of interest within the scope of its lawful powers.

Justice Orji stressed that El-Rufai could not use the court to prevent security and law enforcement agencies from performing their legally assigned duties.
On the seizure of the former governor’s international passport by the DSS, the court held that it was satisfied that the action was lawful and within the agency’s powers.

The judge also ruled that the applicant had failed to establish that the seizure was continuous, permanent and unlawful in a manner that amounted to a violation of his fundamental rights.

The suit sought N120 million in damages over alleged violations of El-Rufai’s rights in connection with the actions of the security and anti-corruption agencies.
The ruling represents a setback for the former governor in his legal challenge to the actions taken by the agencies.

Court Dismisses El-Rufai’s N120m Rights Violation Suit Over Alleged Wiretapping

Continue Reading

Trending

Verified by MonsterInsights