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
President Tinubu: Nigeria Resolute About Building Efficient Borders Across Africa
President Tinubu: Nigeria Resolute About Building Efficient Borders Across Africa
- Says fragmented markets posing threats to border efficency
By: Our Reporter
President Bola Ahmed Tinubu has reaffirmed Nigeria’s resolve to work towards building an Africa where borders are efficient enough to facilitate trade and other economic opportunities instead of hindering them.
He implored African nations to be disciplined in working towards building borders that meet the high demands and rapid pace of contemporary technological advancement.

Speaking on Monday in Abuja when he declared open the Customs Pact – Partnership for African Cooperation in Trade, the President expressed delight to be a part of the event, which brought together partners and leaders from across the continent, saying it demonstrates the collective resolve to discard the old habit of accepting slow borders as destiny.
President Tinubu, who was represented by his deputy, Vice President Kashim Shettima, said while nations exist to complement one another, size, resources, and talent are inconsequential if they are trapped behind inefficient borders and fragmented markets.
“Nigeria remains firmly committed, structurally and operationally, to building an Africa that trades by design, where integration is practical, measurable and effective. Our ambition is simple: a continent where borders facilitate opportunities rather than inhibit them,” he declared.

Maintaining that “fragmented markets cannot achieve industrial scale, negotiate effectively with global powers, or withstand external shocks, the Nigerian leader noted, however, that integration “enables large-scale industrialisation, collective bargaining strength and resilient supply chains.”
Nigeria, according to him, is approaching this responsibility with practical systems and infrastructure rather than rhetoric, even as he said the strength of a continental market can only be engineered and not declared.
President Tinubu stated that while Africa had already taken the hardest step by agreeing on integration through the African Continental Free Trade Area (AfCFTA), what is crucial at the moment is execution.
“Success will be judged not by communiqués but by real outcomes: shorter border-crossing times, reliable local-currency settlements and efficient movement of goods across borders and ports. Our vision must translate from conference halls to the daily experiences of traders, manufacturers, logistics operators and farmers,” he maintained.

The President recalled that the urge to deliver the dividends of democracy to Nigerians informed his administration’s decision to reform “structural barriers to trade and investment, removing bottlenecks that limit competitiveness, and rebuilding institutions for efficient regional integration.”
In achieving this, he said the administration quickly embarked on unifying the foreign exchange window, removing fuel subsidies to redirect resources to critical infrastructure, and modernizing port operations with 24-hour clearance.
He continued: “We adopted the Pan-African Payment and Settlement System to boost intra-African trade, and we prioritised non-oil export growth across key sectors. These reforms reinforce one another, creating a coherent foundation for stronger continental commerce and competitiveness. Each decision was a step towards a Nigeria that trades with confidence and an Africa that negotiates from a position of strength.
“We believe that our institutions have been deliberately aligned into a unified trade-enablement architecture, dismantling the traditional silos that once separated agencies. The Nigeria Customs Service now advances digital clearance systems and risk-based inspections.
“The Nigerian Ports Authority drives port efficiency. The Central Bank enables local-currency settlements through PAPSS. The Standards Organisation harmonises product standards with continental frameworks. NEPC and NEXIM Bank strengthen export readiness and provide targeted financing.
“This coordinated, integrated institutional approach is essential for successful continental integration, for no single agency can deliver the scale of reform required for Africa’s prosperity.”
On the level of impact of the collective reforms on the nation’s economy, the Nigerian leader said it “is measurable, demonstrable, and progressively accelerating.
He added: “Intra-African trade is projected to expand from fifteen percent in 2023 to twenty-five percent by 2030 under AfCFTA frameworks. Nigeria’s non-oil exports to African markets increased thirty-eight percent year-on-year in 2024. Cargo clearance time at major seaports has reduced by approximately thirty percent since 2023.
“Paper-based compliance processes are being systematically replaced through digital trade reforms and automation. These metrics validate a fundamental principle: when structural barriers fall and systems function predictably, African trade expands rapidly and dynamically. Outcomes are never in doubt when processes are disciplined.”
President Tinubu described the National Single Window as central to Nigeria’s continental trade strategy, assuring that phase one of the transformative digital platform will go live in March 2026, “with full rollout by December 2026.
“It will allow businesses to submit import and export information once through a unified portal, automate inter-agency data sharing and real-time processing, apply risk-based compliance to speed up clearance for legitimate traders, and cut cargo clearance time from twenty-one days to under seven.
“This will significantly boost port productivity. Fully aligned with AfCFTA digital frameworks, the National Single Window positions Nigeria as a continental standard-bearer for customs digitalisation and seamless intra-African commerce,” he further stated.
Earlier, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, represented by the Minister of State for Finance, Dr. Doris Uzoka-Anite, urged relevant authorities in Africa to continue to dismantle barriers that hinder trade and revenue generation.
She stressed that the Federal Government of Nigeria remains committed to supporting modernisation initiatives within customs administrations and aligning with global best practices aimed at creating a business-friendly environment.
The minister further expressed Nigeria’s commitment to ensuring that AfCFTA delivers tangible benefits for citizens while improving the ease of doing business at the borders.
For her part, the Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, said that under President Tinubu’s decisive leadership, the administration has achieved a unified exchange rate, strengthened fiscal discipline, and is on course to accelerate regional economic integration under the Renewed Hope Agenda.
She maintained that Nigeria’s commitment to AfCFTA implementation remains unwavering, while urging participants to build an Africa that trades more with itself.
Also, the Secretary-General of the World Customs Organization (WCO), Ian Saunders, applauded ongoing reforms by the Tinubu administration, assuring that the WCO stands with Nigeria in facilitating legitimate trade.
He also praised heads of Africa’s Customs for their efforts in incorporating modern standards into their operations, adding that leadership, investment, and consolidating gains in customs administration remain valuable.
The Executive Vice President of Afreximbank, Kanayo Awani, backed modernisation as a positive initiative adopted by several customs administrations, including Nigeria.
On his part, the Comptroller-General of Customs, Bashir Adewale Adeniyi, urged relevant authorities and stakeholders to adopt cross-country trade facilitation and integration, emphasizing, “We cannot continue to work in silos.”
According to Adeniyi, the primary outcome of the engagement in Abuja, which involved all African regions, is to ensure that customs administrations are more actively engaged in AfCFTA implementation, while strengthening dialogue and mutual understanding between customs administrations and the private sector across the continent.
The Secretary-General of AfCFTA, Wamkele Mene, assured that the Secretariat will work closely with the NCS to ensure that the objectives of C-PACT unfold into a pleasant reality.
President Tinubu: Nigeria Resolute About Building Efficient Borders Across Africa
National News
Quit illicit drug trade now or get ready for more hard time, Marwa warns barons, cartels
Quit illicit drug trade now or get ready for more hard time, Marwa warns barons, cartels
By: Michael Mike
Chairman/Chief Executive Officer of the National Drug Law Enforcement Agency (NDLEA) Brig. Gen. Buba Marwa (rtd) has warned drug barons, traffickers and their cartels to quit the criminal trade or face more hard time during his second tenure.
Marwa, who was reappointed by President Bola Tinubu for a second tenure of five years on Friday told jubilating management staff, officers, men and women of the agency who gathered to welcome him at NDLEA National Headquarters in Abuja following the presidential announcement that his second tenure will be hell and bleak for those who fail to quit the illicit drug trade.
He expressed appreciation to the president for the recognition of ongoing efforts against substance abuse and illicit drug trafficking in the country.

He said: “First of all, what a surprise, I did not expect to come back from jumat service to meet these great felicitations, dancing and singing by our personnel. Thank you very much. We would like to thank the almighty God, because always the glory has to go to Him for everything. We thank the President and Commander-in-Chief for the special recognition of our collective efforts and the new mandate for us to continue with the war against drug abuse and trafficking. I thank the management, officers, men and women of the agency, who continue to provide service to the nation 24/7, in spite of the risks that you all face.”
He also acknowledged the unflinching support by the Hon. Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN and the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun while also expressing thanks to “all our local and international partners, with whom we have continued to collaborate towards ridding Nigeria of illicit substances.”
He added that: “First, this word must go to the cartels. The cartels have not seen anything yet. I promise them this second tenure is going to be hell and bleak for them. Drugs shall not pass, in or out or within Nigeria.”
He reaffirmed the agency’s commitment towards President Tinubu’s mandate, assuring that “in line with our Act, we will continue to do our level best. I remember in my inaugural speech, the day I took over, and I said very clearly that NDLEA will be feared by the drug cartels. And that’s just the beginning.
“At the same time, I must appeal to those who are engaged in illicit drug trafficking that this is the right time for them to drop that criminal business and face something legitimate. It is in line with that that we established the Alternative Development Unit, which seeks to persuade those who are perpetrating the illicit drug activities, particularly cannabis growers, who are our greatest challenge in Nigeria, to desist from the habit, collaborate with us. We are going to support towards licit cultivation of crops that are legitimate, legal, and you can sleep with your two eyes closed.
“But those who refuse to do that can be sure that the NDLEA is up and able on its task of law enforcement. You will be arrested, the drugs will be seized, and your assets will be confiscated. So, you come out from jail, there will be nothing left.”
He also assured that the agency will remain committed to its drug demand reduction efforts. “I’ll take the opportunity again to announce the rededication of our efforts towards prevention, sensitization, counseling, treatment, and rehabilitation of our children in our 30 rehabilitation centres. And with the support of the President and the Renewed Hope Agenda, seven more rehab centres are coming up under the 2025 budget that will now make every state to have its own rehab centre.
“And as well, there will be zonal rehab, more rehab centres and we are getting full collaboration from the Honourable Minister of Health. We appreciate his efforts also, and the Honourable Minister of Education, who has accepted our recommendation for drug tests for our children on admission to tertiary institutions, so that with this we can catch them young before it gets into addiction stage. May the Almighty God bless our President, bless all those that are supporting us, bless the officers, men and women of NDLEA.”
Quit illicit drug trade now or get ready for more hard time, Marwa warns barons, cartels
National News
India High Commission, KADIFF Screen Short Movies in Abuja
India High Commission, KADIFF Screen Short Movies in Abuja
By: Michael Mike
High Commission of India, in collaboration with the Kaduna International Film Festival (KADIFF) has organized a special short Movie Screening and Panel Discussion.
The event, which held at the Chancery premises, was inaugurated by High Commissioner Amb Abhishek Singh, and brought together a vibrant cross-section of participants from the diplomatic community, including Heads of Mission, members of the Nollywood fraternity, film professionals, cultural enthusiasts, influencers, and friends of India.

The evening featured the screening of two thought-provoking short films — the Indian short film “Good Morning”, and the Nigerian film “Not So Long a Letter”.
Following the screenings, a lively panel discussion was held on the theme: “Celebration of our rich cultural heritage and the need for collaboration.”
The panelists, including Swat Duniah-Adalumo – Moderator (Journalist), Dr. Ahmed Sarari (Filmmaker), Francis Duru (Actor/Filmmaker) and Stephnora Okere (Actress/filmmaker) exchanged insights on how cinema can deepen mutual understanding, promote cross-cultural narratives, and foster creative partnerships between the Indian and Nigerian film industries.

The initiative was part of the High Commission’s ongoing efforts to strengthen India-Nigeria cultural relations and promote Indian cinema through shared artistic expressions and storytelling traditions”
India High Commission, KADIFF Screen Short Movies in Abuja
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