Author: I.SHOW Graphics

Former Vice-President Atiku Abubakar says President Bola Tinubu’s $516 million loan request to fund sections of the Sokoto–Badagry superhighway amounts to a reckless fiscal choice. Tinubu had asked the national assembly to approve a $516,333,007 foreign loan to support the construction of sections of the Sokoto-Badagry superhighway project on Thursday. A letter addressed to Senate President Godswill Akpabio, and read during plenary, said the loan is to be sourced from a syndicated financing facility by Deutsche Bank and will fund sections 1, 1A and 1B of the project, covering about 120 kilometres. Tinubu had requested that the loan be included in the federal…

At the launch of Nigeria’s Strategic Plan 2023–2027, a significant milestone was recorded for Oyo State, marking a new chapter in its Agribusiness transformation drive. It is with great satisfaction that we report the approval of our submitted request for support, a development that underscores the growing recognition of Oyo State’s strategic vision and commitment to Agricultural development. Notably, Oyo State has been selected as one of only five states across the federation to benefit from the AGRA 3.0 investment initiative—emerging as the sole representative from southern Nigeria. This achievement reflects the state’s proactive policies, institutional readiness, and sustained efforts…

US President Donald Trump says the United States has total control over the Strait of Hormuz, a critical sea passage for crude oil. Control for the waterway has been contested since the war between the Iran and US/Israel broke out in February. Iran’s de-facto blockade of the strait crippled oil flow worldwide, hiking prices and forcing governments to take hard-biting energy conservation measures. A ceasefire deal between the warring countries led to Iran declaring the Strait of Hormuz open to commercial traffic. But that decision was reversed less than 24 hours later. Iran accused the US of “piracy” and “sea robbery” following Trump’s decision…

Troops of the Nigerian Army have reportedly rescued 15 women and children abducted by Boko Haram (JAS) terrorists in Borno state. In a statement on Wednesday, Sani Uba, media information officer at the headquarters of the Joint Task Force (north-east), Operation Hadin Kai (OPHK), said the mission followed search and rescue operations conducted by troops around the Mandara mountains. Uba said JAS fighters fired projectiles into Gwoza in a “desperate but ineffective response”, but there were no casualties or damage. He added that troops also repelled “coordinated” terrorist attacks at Kanama, Ngoshe and Banki. “The attacks, which occurred at various times during…

President Bola Tinubu has asked the national assembly to approve a $516,333,007 foreign loan to support the construction of sections of the Sokoto-Badagry superhighway project. The request is contained in a letter addressed to Senate President Godswill Akpabio, and read during Thursday’s plenary. According to the president, the loan — to be sourced from a syndicated financing facility by Deutsche Bank — will fund sections 1, 1A and 1B of the project, covering about 120 kilometres. Tinubu also requested that the loan be included in the federal government’s borrowing plan, which the national assembly has already approved. Tinubu said the Sokoto-Badagry superhighway,…

A former Commissioner for Finance in Oyo State, Hon. Bimbo Adekanmbi, has formally declared his intention to contest the 2027 governorship election following a consultative visit to members of the Oyo State House of Assembly. Adekanmbi made the declaration during his engagement with lawmakers at the Assembly complex, where he emphasized the importance of collaboration between the executive and legislative arms of government in delivering effective governance. Addressing the legislators, the governorship hopeful assured that, if elected, his administration would prioritize the welfare of lawmakers and foster a cordial working relationship with the Assembly, similar to what currently exists under…

Members of the Oyo State House of Assembly have unanimously passed a vote of confidence in Governor Seyi Makinde and the Speaker, Adebo Ogundoyin, describing as unfounded the circulating rumours of an impeachment plot in the state. The resolution followed Wednesday’s plenary session in Ibadan, where lawmakers reiterated their backing for both the executive arm under Makinde and the legislative leadership led by Rt. Hon. Ogundoyin. The Majority Leader, Hon. Sanjo Adedoyin, representing Ogbomoso South State Constituency, moved the motion during the sitting. In his submission, he characterised the allegations as “baseless, distracting, and politically motivated.” While presenting the motion,…

Press Release The Oyo State Executive Council meeting, chaired by the State Governor, has approved compensation for over 900 property owners whose lands were affected by the ongoing construction of the Ibadan Circular Road In a statement by the Commissioner for Information, Prince Dotun Oyelade, a total of N5,813,000,000 (Five Billion, Eight hundred and Thirteen Million Naira) will be paid to these categories of people. The Council noted that the compensation will not only put a stop to the agitation and misinformation surrounding this laudable project, but will also pave the way for accelerated planning and development, foster investors’ confidence,…

Bayo Adelabu, minister of power, will resign his appointment “in the coming days” as he sets his stall for a governorship bid in Oyo state ahead of the 2027 general election. Tunji Bolaji, special adviser on strategic communications and media relations to the minister, said Adelabu intimated President Bola Tinubu of his impending resignation during a meeting on Tuesday, with the president handing the minister his blessings. “In view of this development, Chief Adebayo Adelabu is expected to resign his position as Minister of Power in the coming days,” the statement from Bolaji reads. “The timing of his anticipated resignation…

President Bola Tinubu says cabinet reshuffle will be a “continuous” process to strengthen governance in the country. In a statement on Tuesday, Yomi Odunuga, special adviser on media and publicity to George Akume, secretary to the government of the federation (SGF), said Tinubu approved a minor cabinet reshuffle in the membership of the federal executive council (FEC). Quoting a memo signed by the SGF, Odunuga said the president relieved Wale Edun of his position as the minister of finance and coordinating minister of the economy, replacing him with Taiwo Oyedele, who was formerly the minister of state for finance. According…