Politics
Tinubu’s first anniversary gift: FG plans fresh cash transfer to 75 million Nigerians
On January 12, Tinubu suspended all the programmes administered by the National Social Investment Programme Agency for six weeks, as part of a probe of alleged malfeasance in the management of the agency and the scheme.
The president also suspended Betta Edu as the minister of Humanitarian Affairs and Poverty Alleviation on January 8. Edu’s ministry supervises the operations of the NSIPA.
The intervention programmes affected include the N-Power, the conditional cash transfer scheme, the government enterprise and empowerment programme, and the home-grown school feeding initiative.
On March 13, the House of Representatives asked the federal government to resume the implementation of the suspended social investment initiatives.
To revamp the programme, Tinubu approved the establishment of a Special Presidential Panel, led by Edun to carry out an intensive review and audit of the existing financial frameworks and policy guidelines of the social investment programmes.
Giving an update on the steps taken by the committee at the briefing, the finance minister stated that the government had decided to restart the programme to provide succour for poor Nigerians.
Edun said, “I am duty-bound to give you an overview of the strategy, policies, and implementation of Mr President’s reform programme. Immediately upon assuming office, Mr President launched macroeconomic reforms to restore stability to the Nigerian economy, including subsidy reforms and foreign exchange market reforms. These reforms caused a spike in costs for individuals and businesses, but Mr President is committed to counterbalancing the negative effects with interventions across the social spectrum.
“The government has restarted the social investment program, providing direct payments to 75 million Nigerians in 50 million households. Access to credit has been improved, with N1bn allocated to consumer credit and grants of 50,000 Naira being given to 1 million nano industries.”
Food inflation
The National Bureau of Statistics in its April CPI report, said Nigeria’s 33.69 per cent inflation rate was largely driven by food inflation which stood at 40.53 per cent in April, 2024.
Nigerians have continued to lament the steady rise in the prices of goods and services partially fuelled by the removal of petrol subsidies.
But, the minister said with 30 per cent of the world affected by issues of food security, agriculture would play a critical role in addressing global food insecurity.
He stated, “Food security is a worldwide issue, affecting 30 per cent of the world’s active population, and Nigeria is no exception. As I mentioned earlier, agriculture is critical, and success in this area is crucial. Efforts are being redoubled, with N200bn provided by the Ministry of Finance towards an intervention program.
“Just today (Tuesday), we met with the social investment prudential panel and development partners to discuss the President’s emergency plan for food security. We talked about advancing this issue and providing food, nutrition, and security, and this area will receive more attention in the coming weeks. The economy is growing at 2.98 per cent in the first quarter of this year, higher than the population growth rate and last year’s growth rate. Agriculture has the potential to help move the economy forward and reduce inflation.”
Speaking further, the minister stated that the federal government had initiated direct payments to contractors, suppliers, and vendors engaged by the government, evidently aiming to curb corruption in business dealings.
He explained that this measure would guarantee the prudent and accountable expenditure of the nation’s wealth.
Edun also revealed that the government was set to roll out an Economic Emergency Plan that would be implemented in the next six months. The plan, he explained, would help stabilise the economy and set the country on the path of growth.
He explained, “A system of payment has been implemented to ensure that Nigeria’s money is spent wisely and accountably. The government has played a role in helping states in attracting cheap funding and processing projects at the community level. Nigeria’s international credit rating has improved, with Moody’s and Fitch increasing and improving Nigeria’s rates to positive.
“That is the new incentive structure. And it continues also in the oil and gas sector. There has just been a new set of incentives that are encouraging new investments. We expect $7bn worth of investment that has been sitting on the sideline to now come; similarly, in other sectors.
“A stable, growing economy attracts investment that increases productivity, grows the economy further, creates jobs and reduces poverty. That is the trajectory that Nigeria is now on.”
Speaking on economic reforms, the finance minister announced that Nigeria has sufficient resources to pay its debts, both domestically and internationally, without strain.
According to him, this is a significant improvement from the previous situation where the government struggled to pay its way through implementing technological change procedures.
The minister said the revenue of the Federal Republic “has been totally revamped, rejuvenated, and increased substantially” due to the implementation of macroeconomic reforms and the restart of the social investment program.
He said, “We met a situation where the government did not have enough money. The government was not able to pay its way through implementing technological change procedures, which does not just require the skill of the workforce but also the political will.
“However, we are now in a situation where the revenue of the Federal Republic of Nigeria has been revamped, related and increased substantially. What did mean is that the government can now pay its way the government is paid is debt service without resulting to Ways and Means, particularly into debt service, the obligations domestically are now being paid.”
This has put the government in a comfortable position to service its debts and meet its financial obligations.
Edun also highlighted the improvement in Nigeria’s international credit rating, with Moody’s and Fitch increasing and improving Nigeria’s rates to positive.
This, combined with the paying up of a $200m shareholding with the Islamic Development Bank, has built confidence and allowed Nigerians to take their rightful place at the table.
“The process that has been put in place is one that we are mandated not just by Mr President, but even the National Assembly passing the 2024 budget insisted that Nigeria’s money that was in the hands of parastatals agencies, or other enterprises needed to be brought in properly and that has been done which puts the government now in a comfortable situation as we would like to where we pay our way domestically internationally.
“There is a whole host of debt that we met. We owe Islamic Development Bank $200m in shareholding, this is not in terms of loans but in terms of shareholding, our subscriptions. These were things that did not allow the confidence to be built and did not allow Nigerians to have that pride of place when they sit at a table when they travel and they owe money. All these are things of the past now,” he said.
By Okey Maduforo, Awka
Ahead of the 2027 National Assembly elections, a mass protest voting movement may be building up in Anambra South Senatorial District, following reported moves by members of major political parties to support the candidate of the Nigeria Democratic Congress (NDC), Chief Ebuka Onunkwo.
The development is said to be linked to grievances among some members of the All Progressives Grand Alliance (APGA), All Progressives Congress (APC), African Democratic Congress (ADC) and remnants of the Peoples Democratic Party (PDP) over the treatment allegedly meted out to Onunkwo during previous political contests.
Onunkwo, who had previously contested the Anambra South senatorial seat under APGA, later emerged as the NDC candidate for the 2027 election.
Although the ADC is currently embroiled in legal disputes over the authentic candidates and the conduct of its primary elections, some members of the APC and APGA are also reportedly dissatisfied with developments within their respective parties.
It was gathered that a section of APGA members, in particular, are backing Onunkwo as a form of protest over the conduct of the party’s senatorial primary, while some members of other parties are also believed to be considering voting for him irrespective of their party affiliations.
Confirming the growing support for Onunkwo, the Chief Executive Officer of NOWAS Oil and Gas Limited and a major stakeholder in Anambra South politics, Chief Ignesus Ikechukwudere Nnubia, said the NDC candidate currently enjoys widespread acceptability across party lines.
Nnubia said the growing support for Onunkwo had made his party affiliation less significant, arguing that voters would ultimately vote according to their conscience and assessment of the candidates.
He said, “At the moment, the number of APGA members with him and supporting him makes one wonder what is left of that party. Even the remnants of the PDP have pitched their tents with him, while members of the ruling APC at the national level are also behind him.
“So, the party that he belongs to is not a factor at all. You know that it is a game of numbers, and people are going to vote according to their conscience and not necessarily because of the political party they belong to.
“People are not bound to vote for their party, and some of them are ready and willing to vote for him.
“We are not talking about the party because he will surely get votes from the NDC, APGA, APC and even other political parties that are already closing ranks to support him as their candidate.”
Nnubia further described Onunkwo as the candidate currently standing tall among the contenders for the Anambra South senatorial seat, expressing confidence that his emergence would usher in what he described as a “new dawn” for the district.
He said political parties should not be the major consideration for voters, stressing that what matters most is the ability of elected representatives to improve the lives of their constituents.
According to him, political parties exist because of the people, and therefore the influence of party structures and incumbency has its limits during elections.
Nnubia said those factors would ultimately be tested by the electorate in the 2027 election, which he described as a contest in which voters’ choices would determine the outcome.
The Peoples Democratic Party (PDP) governorship candidate for the 2027 Ebonyi State election, Chief Ifeanyi Chukwuma Odii, has pledged to attract more than ₦2 trillion in private-sector investment to the state within six months of assuming office if elected.
Odii made the pledge while addressing supporters in Lagos ahead of the formal commencement of his campaign.
He said his investment strategy would cover key sectors of the Ebonyi economy, including mining, hospitality, real estate and manufacturing.
According to the PDP candidate, he has identified more than 2,000 prospective investors, each capable of investing about ₦1 billion in the state.
“I have over 2,000 people who can invest ₦1 billion each. When you multiply it, you will get over ₦2 trillion. This has been structured in such a way that all aspects of the economy will be involved,” Odii said.
He said the proposed investment drive was designed not only to inject capital into the state but also to create jobs, expand the productive base of the economy and provide opportunities for young people and entrepreneurs.
Odii said Ebonyi’s natural resources and strategic location placed it in a strong position to attract large-scale investments if its economic potential was properly harnessed.
He promised that his administration would prioritise private-sector participation, industrialisation and job creation while creating an enabling environment for both local and foreign investors.
The candidate also said existing businesses in the state would be supported to expand, while new investors would be encouraged to establish operations across various sectors.
His pledge comes amid growing political activities ahead of the 2027 governorship election, with economic development, employment generation and wealth creation featuring prominently in his campaign message.
The proposed ₦2 trillion investment target within six months, if achieved, would represent a significant boost to Ebonyi’s economy and rank among the most ambitious private-sector investment mobilisation plans proposed in the state.
By Okey Maduforo, Awka
The planned visit of the First Lady of Nigeria, Senator Oluremi Tinubu, to Anambra State has sparked controversy following a protest by the state Chairman of the All Progressives Congress (APC), Senator Emma Anosike, that the party was not informed about the visit.
Anosike said the APC in Anambra was never consulted or briefed about the proposed visit, adding that the party was taken aback by reports that the wife of the party’s national leader and presidential candidate, President Bola Ahmed Tinubu, would be visiting the state without recourse to the state chapter.
He said, “It is indeed strange that the First Lady of our presidential candidate is visiting Anambra State without recourse to the party in the state.
“The party wishes to state categorically that we are not part of the arrangements for the reception of our First Lady, Senator Oluremi Tinubu, because the party was never put in the picture.”
Anosike also dismissed the mantra that “The Progressives Are Working Together”, being canvassed by the All Progressives Grand Alliance (APGA), describing it as a smokescreen by the ruling party in Anambra to hijack President Tinubu’s re-election from the APC.
He said, “For instance, the APGA-led government in Anambra State did not interface with us on the organisation of the visit, and the party wonders if the progressives are indeed working together.”
The APC chairman, however, said the development would not compromise the First Lady’s visit, urging all APC members and supporters in the state to turn out and give Senator Oluremi Tinubu a warm welcome.
He stressed that despite the party’s reservations over the arrangements, APC members remained committed to welcoming the First Lady to Anambra State.
Former Deputy Governor of Bauchi State, Sagir Saleh, has resigned his membership of the All Progressives Congress (APC).
Saleh, who served as deputy governor under former Governor Isa Yuguda, announced his resignation in a letter submitted to the party leadership in Katagum Local Government Area.
He cited personal reasons for his decision but did not provide further details.
His exit comes amid growing disagreements within the Bauchi APC following the party’s 2027 governorship primary. Other prominent members, including former governorship aspirant Bala Jibrin and Sunusi Kunde, an associate of Coordinating Minister of Health and Social Welfare, Prof. Ali Pate, have also reportedly left the party.
Jibrin, a former National Auditor of the defunct Congress for Progressive Change (CPC), resigned on August 31, 2026, following his opposition to the emergence of former Bauchi Governor Muhammad Abubakar as the APC’s 2027 governorship candidate.
He had criticised the primary process and questioned how the candidate emerged.
Kunde also resigned from the APC in August, submitting his resignation to the party chairman of Beti Ward in Misau Local Government Area.
The latest departures are coming as efforts continue to resolve internal disputes and disagreements among APC members in the state.
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has raised the alarm over an alleged plot to assassinate former Anambra State Governor, Peter Obi, and former Vice President Atiku Abubakar ahead of the 2027 general election.
Ayodele issued the warning in a video shared on his verified X account on Sunday, urging both opposition figures to strengthen their security and remain vigilant.
The cleric did not identify those allegedly behind the purported plot but claimed that attempts were being made to eliminate Obi and Atiku.
According to him, divine intervention would prevent the alleged plan from succeeding.
“Obi and Atiku, be very conscious of your security. They are looking for any means to eliminate Obi and Atiku.
“But God will never allow it to happen. Watch out and be cautious about your security,” he said.
Ayodele also urged President Bola Tinubu to reconsider travelling to the United States, alleging that there were forces in America working against his political fortunes.
The claims come as political activities and realignments intensify ahead of Nigeria’s 2027 general elections.
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