National News
We Are Building Viable, Globally Competitive Economy, Says President Tinubu
We Are Building Viable, Globally Competitive Economy, Says President Tinubu
** Lauds First Bank’s legacy of innovation, adaptability at groundbreaking for new headquarters
By: Our Reporter
President Bola Ahmed Tinubu has said his administration is working assiduously to create a system that is sustainable and globally competitive for Nigerian banks and other financial institutions to thrive.
He noted that government policies under his administration are motivated by the reality that the nation no longer has the luxury of time to postpone its economic transformation.

President Tinubu, who spoke on Wednesday when he performed the groundbreaking ceremony for a new state-of-the-art headquarters of First Bank of Nigeria at Eko Atlantic City in Lagos State, observed that banks can only prosper under a thriving economy.
Represented at the event by his deputy, Vice President Kashim Shettima, the President however pointed out that what his “administration does and sets out to accomplish rests on the cooperation and capacity of” the financial institutions.
“Banks are the engines of economic growth, and we owe it to them to champion a system that guarantees sustainability and global competitiveness. Our expectation is for our banks to excel, to expand beyond our shores, and to earn their place among the world’s most viable and profitable enterprises,” he stated.

President Tinubu maintained that his administration is working to create an enabling environment for businesses to flourish despite assuming office at a time that required difficult but necessary decisions to stabilise the nation’s economy.
He said, “We assumed office at a time that demanded bold, progressive thinking—a time that called for difficult but necessary decisions to stabilise our fiscal and monetary landscape. Our policies are inspired by the reality that we can no longer afford to postpone our economic transformation.
“This administration is committed to creating an enabling environment for businesses to flourish, and I assure you that you have a partner in this government. We are here to climb the hills of progress with you.”

The President commended First Bank for standing the test of time, saying the secret of the bank’s steadfastness, legacy of innovation and adaptability lies in the art of reinvention.
“From the Bank of British West Africa to Standard Bank of West Africa and, finally, to this 130-year-old success story, First Bank has remained a towering institution, outliving disruptions and redefining banking through the decades.
“In an industry where the fate of many banks is sealed in the dusty pages of history, surviving—let alone thriving—demands more than just calculated risks; it takes ambition, and the brilliance of refined minds. I join you here today to celebrate a legacy of innovation and adaptability that has kept First Bank ahead of the curve,” he added.
President Tinubu congratulated the board and management of First Bank for investing in a new head office, noting that it is a reassurance to the bank’s “customers, shareholders, and the government that Nigeria’s oldest financial institution is not resting on its laurels.”
He continued: “I understand all too well that history demands the best of us. The ability to manage risk is what distinguishes great banks from transient institutions.
“This groundbreaking ceremony is not just about laying the foundation for a new edifice; it testifies to First Bank’s commitment to reinvention—to adapting to the realities of our time while staying true to its heritage.
“The decision to establish this state-of-the-art headquarters in Eko Atlantic City is symbolic of a vision that extends beyond the present, positioning First Bank as a financial powerhouse in Nigeria and beyond.”
In his remarks, Lagos State Governor, Babajide Sanwo-Olu, thanked Vice President Shettima for the work he is doing for the country in support of the President.
The Governor poured encomiums on President Bola Tinubu, recalling that he was in his cabinet when the idea to create Eko Atlantic City was birthed, many of the cabinet members expressing doubt about the possibility to create a dry ground out of the bar beach.
“We want to set Lagos on a trajectory of becoming the centrepiece of finance and commerce not only in Nigeria but Africa and beyond. It will be Africa’s mega city that is safe and secure to take the mantle of leadership in the financial sector.”
Sanwo-Olu thanked the Chairman of First Bank of Nigeria (FBN) Holdings, Femi Otedola, noting that while he is economical with his words, each statement he makes carries significant weight.
Also speaking, Ogun State Governor, Prince Dapo Abiodun, said it was an honour to witness what could be aptly described as an iconic building and a significant milestone for the First Bank.
He noted that the building further redefines First Bank and its resilience in the banking industry, saying “this is bold, audacious, what tenacity is all about and First Bank has always blazed the trail.”
According to him, First Bank has since 1894 evolved into a bank with well over seven hundred branches in Nigeria and worldwide.
On his part, Chairman of First Bank Holdings, Chief Otedola, expressed gratitude and excitement over the groundbreaking ceremony, just as he eulogized President Tinubu “for his unalloyed support for this great project.”
Otedola also praised Vice President Shettima for being at the forefront of encouraging development in the country, even as he thanked the Lagos State Governor for his unwavering support and creating a conducive atmosphere for doing business in the state.
He also expressed gratitude to customers of First Bank, the regulators, especially the Governor of Central Bank of Nigeria for stabilising the activities of the services industry in the country, among others.
Welcoming the dignitaries and other guests to the ground breaking event, Managing Director and CEO of First Bank Plc, Mr. Olusegun Alebiosu, said since its establishment in 1894, First Bank had been at the forefront of Nigerian banking evolution, stressing that the journey of the bank has been defined by accountability, transparency and unwavering commitment to customers.
“It is a legacy that stood the test of time – over 13 decades, engulfing the financial landscape of our great nation and continuously shaping the business of banking in Nigeria and beyond,” he stated.
In his goodwill message, the chairman of Dangote Group, Alhaji Aliko Dangote, commended the Chairman of First Bank Group and his Board members “for building the massive structure,” describing it as always being first while others follow.
He said he is being challenged to join First Bank in Eko Atlantic City, noting, however, that after delivering the refinery, he needed to rest but will join Eko Atlantic City in the near future.
We Are Building Viable, Globally Competitive Economy, Says President Tinubu
National News
Egbe Pledges Accountability, Visible Progress in Power Sector Reform
Egbe Pledges Accountability, Visible Progress in Power Sector Reform
By: Michael Mike
Nigeria’s Minister of Power, Joseph Olasunkanmi Tegbe, has assured Nigerians of his commitment to implementing far-reaching reforms aimed at improving electricity supply, strengthening sector accountability, and restoring public confidence in the nation’s power industry.
Speaking after settling into office following his confirmation by the Senate, the minister said his administration had already developed a structured reform agenda focused on discipline, measurable targets, and transparent communication with the public.

Tegbe expressed gratitude to President Bola Tinubu for the confidence reposed in him and disclosed that extensive consultations had been held with key institutions across the electricity value chain.
These engagements, he said, involved the Federal Ministry of Power, the Transmission Company of Nigeria (TCN), the Niger Delta Power Holding Company (NDPHC), the Nigerian Electricity Regulatory Commission (NERC), the Rural Electrification Agency (REA), and other major stakeholders.

According to the minister, the consultations have produced a common understanding among sector players on the need to accelerate reforms and improve service delivery to Nigerians.
He also revealed that discussions with international development agencies and financial partners had yielded encouraging outcomes, with several organizations indicating readiness to provide financial support to help address liquidity challenges that have long constrained the sector.

Highlighting early gains, Tegbe announced the revival of the 450-megawatt Alaoji Open Cycle Power Plant in Abia State, which had remained inactive for about three years. The facility, rehabilitated by the NDPHC, now has the capacity to contribute up to 375 megawatts to the national grid.
The minister further pointed to recent improvements in transmission infrastructure, noting that TCN had successfully energized new assets at Katampe in Abuja as well as substations in Ayede and Abeokuta, developments expected to enhance power delivery across several regions.
On consumer protection, Tegbe welcomed recent regulatory actions requiring electricity distribution companies to compensate Band A customers affected by supply shortfalls. He described the directive as evidence of a growing commitment to holding operators accountable while safeguarding the interests of consumers.
He also cited the swift restoration of electricity in parts of Abuja following the unexpected failure of a 100MVA transformer, praising the coordinated efforts of TCN and Abuja Electricity Distribution Company (AEDC) teams that resolved the outage within 24 hours.

The minister commended workers across the Ministry of Power and its agencies for their dedication and professionalism, while also acknowledging the support of private sector investors and partners. He assured stakeholders that efficiency, innovation and performance would be rewarded under his leadership.
While acknowledging the magnitude of challenges facing the electricity industry, Tegbe appealed to Nigerians for patience, stressing that decades of infrastructure deficits and systemic problems could not be resolved overnight.
He reiterated his commitment to realistic expectations and transparent governance, promising that while he would not make unrealistic pledges, citizens would witness steady improvements and receive regular updates on progress in the sector.
The minister said the reform process was already underway and expressed confidence that sustained collaboration among government institutions, private investors and development partners would ultimately deliver a more reliable and efficient power system for the country.
egbe Pledges Accountability, Visible Progress in Power Sector Reform
National News
China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja
China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja
By: Michael Mike
Nigeria and China have reaffirmed their commitment to deepening cultural cooperation and people-to-people relations through the launch of the “Hello Nigeria—2026 Panda Painting Interactive Experience,” an initiative aimed at promoting friendship, creativity and mutual understanding between the peoples of both countries.
The event, held at the China Cultural Centre in Abuja, brought together diplomats, government officials, artists, cultural practitioners, students and members of the diplomatic community to celebrate the power of art as a tool for international dialogue and cultural exchange.
Speaking at the opening ceremony, Minister of the Chinese Embassy in Nigeria, Zhou Hongyou, described the giant panda as a symbol of peace, harmony and inclusiveness, noting that the exhibition was designed to build bridges between Chinese and African cultures through artistic expression.

According to him, the interactive programme combines the cultural heritage of China’s Sichuan Province—the natural home of the giant panda—with Africa’s vibrant artistic traditions, creating a platform for meaningful engagement among young people and cultural enthusiasts.
“The panda transcends language and borders. Through art, creativity and cultural exchange, we hope to foster deeper understanding and friendship between our peoples,” Zhou said.
The Chinese diplomat noted that the event comes at a significant moment in bilateral relations, as 2026 marks the 55th anniversary of diplomatic ties between Nigeria and China and has been designated as the China-Africa Year of People-to-People and Cultural Exchanges.
He stressed that while economic cooperation remains important, sustainable relations between nations are ultimately built on trust, mutual respect and appreciation of each other’s cultures.
Zhou disclosed that the Chinese Embassy and the China Cultural Centre would continue to expand cultural programmes, youth exchanges, language learning opportunities and artistic collaborations to further strengthen ties between both countries.
Also speaking, Permanent Secretary of the Federal Ministry of Art, Culture and the Creative Economy, Abdulkarim Ozi Ibrahim, said cultural initiatives such as the Panda Painting Interactive Experience demonstrate the ability of art to unite people across linguistic, geographical and social boundaries.
He described the programme as a practical example of cultural diplomacy in action, emphasizing that creative engagement promotes shared values, mutual respect and peaceful coexistence among nations.
“The creative sector serves as a powerful platform for fostering peace, inclusion and sustainable development. Through culture, we are able to build bridges, strengthen relationships and celebrate our shared humanity,” Ibrahim said.
The Permanent Secretary reaffirmed the Federal Government’s commitment to supporting programmes that encourage intercultural dialogue, artistic innovation, cultural tourism and international partnerships.
He noted that cultural exchanges play an important complementary role to diplomatic and economic relations by creating stronger connections among citizens, particularly young people who will shape the future of both countries.
In his goodwill message, Director-General of the National Gallery of Art, Ahmed Bashir Sodangi, highlighted the transformative role of the arts in promoting understanding and friendship among diverse peoples and cultures.
He described the giant panda as an internationally recognized symbol of friendship and environmental consciousness whose message resonates across continents.
According to Sodangi, the event offers participants an opportunity not only to explore artistic creativity but also to reflect on values such as unity, cultural diversity and environmental stewardship.
He commended the Chinese Embassy for its sustained investment in cultural diplomacy and people-to-people engagement, noting that such initiatives contribute significantly to strengthening the longstanding relationship between Nigeria and China.
“The arts remain one of humanity’s most effective instruments for fostering understanding and building bridges across cultures. Programmes like this create opportunities for learning, collaboration and lasting friendship,” he said.
Throughout the event, speakers emphasized the importance of youth participation in cultural exchange programmes, describing young people as the custodians of future relations between both nations.
Students from various international schools participated in painting activities inspired by the panda, while cultural displays showcased the shared values of peace, creativity and cooperation that underpin Nigeria-China relations.
The event also highlighted growing collaboration between cultural institutions in both countries and reinforced the role of the creative economy as a vehicle for diplomacy, tourism, education and international engagement.
As Nigeria and China celebrate 55 years of diplomatic relations, officials from both countries expressed optimism that cultural initiatives such as the Panda Painting Interactive Experience would deepen mutual understanding, inspire new artistic collaborations and strengthen the bonds of friendship between their peoples for generations to come.
China, Nigeria Strengthen Cultural Diplomacy Through Panda Art Initiative in Abuja
National News
NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens
NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens
By: Michael Mike
The National Association of Nigerian Students (NANS) has cautioned against calls for statewide strikes and mass protests over the recent abduction of teachers and pupils in Oyo State, arguing that such actions could inadvertently serve the objectives of terrorists and kidnappers.
In a statement signed by its National President, Comrade Akinteye Babatunde Afeez, the student body expressed deep concern over the plight of the abducted children and teachers, describing the situation as heartbreaking and unacceptable.
The statement was issued in response to a call by the Campaign for Democratic and Workers’ Rights (CDWR) urging the Nigeria Union of Teachers (NUT), the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) to embark on statewide industrial action and mass protests over the security situation.
While acknowledging the constitutional rights of individuals and groups to freedom of expression and association, NANS stressed that such rights must be exercised responsibly, particularly during a sensitive national security crisis.
According to the association, shutting down economic and social activities through strikes could play into the hands of terrorists whose aim is to create fear, instability and national disruption.
“It breaks the heart to see children sent to school by their parents and guardians end up as bargaining chips in the hands of kidnappers,” the statement said, adding that no responsible government would stand by and allow innocent schoolchildren to remain in captivity.
NANS argued that rather than mobilising for strikes and protests, Nigerians should unite in support of efforts aimed at securing the safe return of the abducted victims and defeating terrorism.
Drawing parallels with international experiences, the student body cited Israel’s response to the 2023 Hamas attacks, noting that citizens rallied behind efforts to rescue hostages while maintaining national unity despite deep political differences.
The association also recalled Nigeria’s resilience during difficult periods in its history, including the civil war and predictions of national disintegration ahead of the 2015 elections, saying the country had repeatedly demonstrated its ability to overcome major challenges through unity.
“Nigeria has faced and overcome difficult moments before. If we were able to unite and defeat predictions of national collapse, we can also unite to confront terrorism and insecurity,” the statement noted.
NANS further urged Nigerians to view the fight against terrorism as a collective responsibility rather than solely the burden of government, insisting that citizens, communities and institutions must work together to address the security challenge.
The association maintained that while governments may come and go, the nation and its people remain, making it imperative for all stakeholders to place national interest above partisan or sectional considerations.
The statement comes amid growing public concern over the recent wave of school-related abductions, with security agencies continuing efforts to secure the release of the affected teachers and pupils. NANS expressed hope that the victims would regain their freedom soon and called on Nigerians to remain united in the face of the security challenge.
NANS Urges Caution Over Strike Calls as Oyo School Abduction Crisis Deepens
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