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OPINION: Repositioning the Economy and What the Numbers Are Saying

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By Temitope Ajayi

On Thursday in Abuja, Minister of Finance Mr Wale Edun addressed a press conference and gave a mid-year report on the economy. The Minister told the press what President Tinubu’s administration had done in the last year to address some of the structural imbalances in the economy, working with the fiscal and monetary authorities.

The Minister, who will now address a quarterly media briefing on the state of the economy, highlighted that the economy grew faster in the first quarter of 2024 than in the first quarter of 2023.

According to him, economic activity in the first quarter of 2024 was not only faster than the first quarter of 2023, but it was also the second fastest first-quarter growth in the last six years.

Mr. Edun noted that the economic growth was broad-based across several sectors, including agriculture, industries, and services. The Minister specifically mentioned that the agricultural sector recovered from a negative position in the first quarter of 2023 to a modest growth in the first quarter of 2024. As the Minister pointed out, the industrial sector also grew seven times faster in the first quarter of 2024 than in the first quarter of 2023.

Mr. Edun linked the positive economic performance and upswing to the government’s well-coordinated fiscal and monetary policies.

On the revenue side, the Coordinating Minister of the Economy explained that aggregate federal government revenue in the first half of 2024 was more than double of the corresponding period in 2023. According to the Minister, the growth in government revenue was due to the reconfiguration and improvement in government finances, with oil revenue as a percentage of gross revenue increasing from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024.

Here are the numbers as presented by the Minister :

1. Non-Oil Revenue: The government’s determination to mobilise non-oil revenue has consistently delivered impressive results. For the half-year 2024, non-oil revenue not only surpassed the revenue in the first half of 2023 but was also 30 per cent above the 2024 budget target without any increases in taxes.

2. National Debt Burden: The Tinubu administration in the words of the Minister has been working to manage and reduce the national debt to create better fiscal headroom for economic management. In dollar term, Mr. Edun pointed out that Nigeria’s debt burden has reduced and the government’s fiscal deficit has improved.

“Our debt has fallen in dollar terms from $108 billion to $91 billion. Additionally, the government has diligently serviced all its loans and obligations with no recourse to ways and means of financing. The government has met all its obligations,” Edun said.

3. Ways and Means: In the last year, the administration has exited the Ways and Means debt trap due to better management of the fiscal space, as the Federal Government, under the leadership of the President, has not relied on borrowing from the CBN Ways and Means to fund its obligations. Edun pointed out that part of the inflationary pressure the country is currently experiencing was a result of the past abuse of ways and Means. The Federal Government has paid back the previous N7.3 trillion obligation within a year of President Bola Tinubu’s administration.

4. Debt Service to Revenue: In meeting its debt obligations to avert any form of default, the Federal Government of Nigeria, for decades, has been spending more than half of its revenue on debt servicing. By the end of June 2023, the Federal Government was spending 97% of total revenue to service debt. In the last year of President Tinubu, the country has recorded a positive trend in the debt service-to-revenue ratio. Currently, the debt service-to-revenue ratio has declined from 97 percent in the first half of 2023 to 68 percent in 2024, indicating the government’s strong position in managing its debt obligations.

5. Budget Deficit: It has been a major priority for the economic managers to reduce the budget deficit. To achieve this, the federal government, in the last year of the Tinubu administration, improved government revenue collection and blocked a lot of leakages. At the media briefing, Mr. Edun noted that the 2024 budget deficit has moved in the right direction, with a target of 4.1 per cent of GDP, an improvement from the 6.1 per cent deficit recorded in 2023.

“On an annualised basis, we are at 4.4 per cent, so you can see we are effectively very, very close to the budgetary target,” Edun said.

6. Foreign Inflows: The government’s efforts to attract more foreign inflows into the economy continue to yield good outcomes. The minister said the government will continue the reforms and improve the business environment to engender confidence further. Mr. Edun underscored the government’s efforts to attract foreign inflows, including implementing the national single window project, which he said will generate $2.7 billion annually in economic benefits. The Minister added that the government’s accelerated stabilisation and advancement plan has already attracted $500 million in investment in the gas sector, with $7 billion more on the sidelines waiting to come in.

7. Inflation and High Cost of Living: To address the current high cost of living and bring more relief to the masses, the Minister again pointed out that the government has implemented several initiatives and interventions, including a strategic input programme to increase the supply of food, a pivot to Compressed Natural Gas (CNG) fuel for mass transit vehicles, and providing lower-cost financing for the manufacturing industry and production. Mr Edun, who sympathised with Nigerians for the current hardship, which he also noted will soon blow away, expressed optimism that inflation, despite being “quite sticky at the moment,” will decelerate and come down due to the government’s commitments and actions.

Mr. Edun said: “Clearly, as part of the reform program, on the monetary side, monetary policy has been tightened. CBN has been proactive in adjusting the monetary policy rate to address inflation head-on, which is in line with its legal mandate.”

Ajayi is the Senior Special Assistant to the President on Media and Publicity

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Opinion

APC E-Registration: Benue Flying Broom To Success

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By Bridget Tikyaa

Political party membership registration is a key step to ensuring a vibrant democracy, because it is the key to having one’s voice heard in shaping party’s direction, participation in primaries and selection of candidates who’ll represent one’s interests, and an opportunity to influence policies and ideology, participate actively in party activities, meetings, and even leadership. A card carrying member of a political party often get access to party funding, training, and other resources, an opportunity to click with like-minded people and potential allies, contribute to shaping the party’s stance on key issues, and build a political career.

For young people, party membership can be a game-changer, because it will connect them with experienced politicians and professionals who can guide them, get involved in youth wings, campaigns, and other party activities and invariably build connections and experience that can lead to roles in government, politics, or public service. It is also a fundamental route to community engagement, understanding issues, and making a difference and name, thus building a political structure and asset.

Since the commencement of the nationwide e-registration of members of the All Progressives Congress (APC), millions have registered in less than a week of the exercise.

In Benue State, the state Governor Rev. Fr. Hyacinth Alia led the line up of millions of old and new supporters of the APC in obtaining his membership card.

At the flag-off of the e-registration on Monday, January 12, 2026, the governor said it is a landmark initiative aimed at strengthening the party’s structure and demonstrating its numerical strength.

The flag-off ceremony took place at the RCM Primary School, Ihugh, the headquarters of Mbadede Council Ward in Vandeikya Local Government Area, where the governor urged all APC members to return to their wards and register, noting that the process was simple, fast, and would take only a few minutes.

To ensure that no party supporter is left out, Governor Alia has directed party officials and elected local officials across the 23 local government areas of the state to mobilize party members to participate in the exercise. The Local Government Areas with the highest number of registered APC members are taking home a surprise package.

The has a clear message to all party supporters. “In 2023, you demonstrated to the entire world that Benue is APC. You demonstrated through the ballots that you love me and Mr. President, Bola Ahmed Tinubu. We have both remained faithful to the promises set out in our policy blueprints. I therefore urge you to come out and use this opportunity to once again demonstrate that you are ready to vote for consolidation. My administration will give priority attention to the most registered areas because this is an APC administration.”

He therefore tasked all council chairmen and party chairmen at the Local Governments in the state to give the registration agents all the needed support and to mobilize the people to participate in the exercise.

For APC Benue’s number 001, “This is the beginning of another level of progression of the All Progressives Congress. It is something that has not happened with any political party in Nigeria.” It is an apt bragging right. Because the e-registration would help the party accurately determine its strength at the ward, local government, and state levels.

Unlike the 2023 voter registration, the APC e-registration is designed to clearly showcase party membership, seriousness, and direction. That’s why the party leadership took time to train the registration personnel before deploying them across the state. “I want the whole Nigeria and the world to know that when we say Benue State is APC, we are ready to demonstrate it by action, backed by facts and reality on the ground.”

The Speaker, Benue State House of Assembly, Berger Alfred Emberga, described the flag off as a critical step towards deepening internal democracy within the APC, stressing that a robust, accurate, and verifiable membership database would strengthen governance, enhance party cohesion, and boost grassroots mobilisation.

‎“This e-registration exercise is fundamental to the future of our party. I urge my colleagues in the Benue State House of Assembly, party leaders, and members across the state to participate actively and mobilise their constituents to ensure a successful and credible exercise,” Hon. Emberga said.

‎While urging the people of Benue State to remain steadfast in their support for the Alia administration, the Honourable Speaker also encouraged APC members and supporters to register and obtain their Permanent Voter Cards (PVCs). He stressed that widespread PVC ownership is essential to enable party members to vote for Governor Alia and all APC candidates in the 2027 general elections.

‎Also speaking, the State Coordinator of the APC e-registration, Hon. James Ornguga, alongside the State Chairman of the party, Chief Dr. Ben Omale emphasised the importance of accurate data capturing. They noted that the exercise would reposition the party for improved organisation, accountability, and electoral success.

‎They applauded Governor Alia for funding and supporting the e-registration exercise, describing the gesture as a clear demonstration of the governor’s commitment to building a strong, inclusive, and data-driven party structure.

‎Orgunga particularly called on local government chairmen, party executives, Stakeholders and political gladiators to give full support to registration agents and intensify grassroots mobilisation to ensure the smooth and hitch-free conduct of the exercise across all wards of the state.‎

The State Coordinator of the APC e-Registration, who is also the State Organizing Secretary of the party, explained that the registration process is straightforward, requiring only voters card and a National Identity Card.

Omale, on the other hand, has nothing but commendation for President Bola Tinubu and the National Chairman of the party for the initiative. He thanked Governor Alia for sponsoring the exercise in the state, urging all APC faithful in Benue to embrace the e-registration, so as to formally confirm their membership.

Already, the e-registration has gathered momentum, recording huge turnout which necessitates the training of additional registration agents. The quick intervention in the 276 wards will address the early challenges linked to manpower and logistics, speed up the ongoing e-registration exercise, and avoid delays that could discourage interested members. The additional agents are to support those already deployed, ensuring wider coverage and smoother registration for prospective members.

The APC State Caretaker Chairman, Chief Benjamin Omale, said the electronic registration is critical to building a credible and verifiable membership register that reflects the true strength of the party while the e-registration coordinator, Hon. James Ornguga, said the supplementary training is a booster session designed to equip the new agents with the technical skills required to handle the digital platform and take the registration exercise closer to the grassroots.

“Our aim is to make the process inclusive and efficient. With more agents at the ward level, people will be able to register without unnecessary delays,” he said.

 

Bridget Tikyaa is the PSA Media Publicity and Communications Strategy

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History

They Were Almost Home

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By Oyekunle Olalekan

That fragile moment when the body relaxes before the journey ends. When the mind moves ahead of the plane, stepping already into tomorrow. Below them, the land unfolded – wet, familiar, waiting. Port Harcourt breathed under the rain, unaware of how many stories were descending toward it.

They were aboard Sosoliso Airline Flight 1145, traveling from Abuja, descending toward Port Harcourt.
A routine journey. A trusted path.

Among them were students. Young voices carrying laughter from Abuja back to the places that shaped them. Schoolbags tucked beneath seats, futures folded carefully inside. The cabin filled with normal sounds. Seatbelts fastened. A familiar announcement.

But they were not alone.

There were parents too, travelling with quiet endurance. Strangers bound together briefly by chance and shared air. Lives intersecting for only a few hours, never knowing how closely their fates had aligned. Each seat held a history. Each name carried someone else’s heart.

The cabin was filled with normalcy. Seatbelts clicked. The familiar announcement was made. Almost there. No one prepares for loss while preparing to land.

Rain followed them in silence. It fell steadily, blurring sky and earth, erasing certainty. The city below dimmed, and in that narrowing space between cloud and ground, time faltered. What happened next came without permission, without mercy.

And then… impact.
And then… absence.

What remained was not only twisted metal, but waiting. Phones that rang into nothing. Families pacing airport floors long after arrival time had passed. Names repeated until they lost their shape.

They were students.
They were parents.
They were individuals whose lives did not deserve to end as headlines.

Twenty years have passed. Twenty years of birthdays uncelebrated. Of classrooms that never felt quite full again. Of parents who learned how to live with a silence that does not heal. Time moved forward, as it always does, but grief did not dissolve; it only changed shape.

A nation mourned not just what was lost, but what was unfinished, the futures that never unfolded, the questions that lingered about responsibility, about safety, about whether this loss could have been prevented.

Grief does not discriminate. It visits the young and the old alike. It settles into uniforms never worn again, into meals cooked for those who will never return.

They were almost home. That is what makes the loss unbearable. Not the distance, but the nearness. Not the journey, but the promise of arrival.

This is more than the story of a crash that happened twenty years ago. It is a reminder that every passenger matters, that safety is a responsibility, not a suggestion, that memory must outlive negligence.

They were almost home.

And now, two decades later, they live in remembrance.

RIP to the 107 lives lost that day.
Gone from sight, but never from memory.

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Opinion

Kogi: The Road That Connects Every Region Now Endangers Every Home

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By Oyekunle Olalekan

There was a time when the long stretch of highway running through the middle of Nigeria symbolised unity. It was the route that carried families to reunions, traders to markets, students to school, and workers to opportunity. That road was the lifeline that stitched our regions together, a shared path, a shared hope.

But today, that same road has become the nation’s most painful wound.

Across the central corridor, travellers now journey with trembling hearts. Buses move in fear, not confidence.

Every stop along the highway comes with silent prayers. The road that once connected homes now threatens to break them.

In recent months, the nation has woken up repeatedly to chilling news: travellers ambushed in the middle of the highway, entire buses hijacked, ransom calls echoing through the phones of helpless families.

Stories of kidnapped students, traders, children, and clergy have shaken communities to their core. Some victims were rescued after courageous operations; others are still missing, their families clinging to hope in the dark.

The human cost is immeasurable. Mothers stay awake through the night waiting for travel updates. Fathers count the hours, fearing the worst. Students postpone journeys out of dread.

Traders lose income because the safest option is to stay home. Even the most essential movement, the simple act of travelling across one’s own country has become a gamble with fate.

This is more than a regional crisis. When danger grips the central road that binds the country together, the entire nation bleeds. If that artery fails, movement fails. If movement fails, unity fails.

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