News
Reject Treasury Looters, Osinbajo Tells Church

Acting President, Prof Yemi Osinbajo says people who loot the public treasury or their organizations are doing so out of greed, and not because of any political objective of keeping a war chest for the future.
Osinbajo made this remark, yesterday, at the celebration of Fathers’ Day at Aso Villa Chapel, during which he also challenged the church to teach the lessons of honesty and integrity.
“Many would say the reason why they steal is because they want to have an arsenal for future political exploits. It is a lie. It is greed. In any case, even if you want to do that, you have no right to do it,” he said.
His message from the pulpit certainly strikes a chord against the backdrop of the avalanche of corruption cases the Buhari administration has been pursuing.
The campaign had suffered some setbacks of late, with controversial verdicts by the court that tend to let go the accused.
Osinbajo, a professor of law and also a pastor of the Redeemed Christian Church of God felt the church has a role to play.
“If the church says we will not accept you here or that we will expose you if you are stealing the resources of the country or stealing the resources of a private company or other establishment where you work, we would not have the type of problem that we have in this country.
“In Genesis 18:19. God was speaking about Abraham. And God said he had known him or called him in order that he may command his children and his household after him that they keep the way of the Lord with righteousness and justice that the Lord may bring to Abraham what He had spoken to him.
“In other words, God was saying that He called Abraham, in particular, because he realizes that Abraham will command his household, will command his children to do righteousness and justice and to fear God. And if you back this up with Genesis 12:2, God has spoken concerning Abraham, that He will make Abraham a great nation. Genesis 12:3 says, God said, I will make you a great nation.
“In other words, the role of the father is supposed to be that of building nations, building generations. And Abraham is the example God set for us; of a man who God wanted to be the exemplar of the type of conduct that God expects of fatherhood; a man who will teach his children and children thereafter the way of righteousness and justice and the way of fear of God.
“When I listened to His Eminence, the Prelate of the Methodist Church a few minutes ago, talking about the importance of the type of training that he received as a child in his family. I’m sure many of us here are reminded of that type of training. A type of training where you are taught and reminded about integrity, primarily as the first order of business; that you must be a person of integrity.
“You must be truthful, you must be trustworthy, you must be honest, you must be forthright. That is the foundation. And in the days he referred to, Catechism was an important part of our lives. Even just knowing the 10 Commandments was enough to teach you about righteousness, teach you about the way of truth and I think that is very important, especially for us today as Christians.
“Christian fatherhood in particular is a position that God has placed us as exemplar to our nation. The Christian father is the one referred to in Genesis 18:19; the one who will teach the way of righteousness and justice to his children and would teach the fear of the Lord. And I just want to say to all of our leaders (and I was speaking with few of our Christian leaders just last week, both of the PFN and CAN just last week on various occasions) that it is the role of the church to build this nation. And the church has that role because God has said concerning us that we are the light of the world and we are the salt of the earth. That role is a very, very difficult role.
“We are not to teach the world how to be like the world but to teach the world how to be like the one who saved the world, how to be like Jesus. It is not easy.
“Every time that we come to church, we are told about giving. But we need to talk more about honesty. We need to talk far more about honesty. In the same way we talk about giving, we need to talk more about honesty because just like His Eminence said, Nigeria’s great problem is not the absence of prosperity. It is as he so eloquently put it, that we have enough for our needs but we don’t have enough for our greed.
“The greed of many is what has landed this country where it is today. It is the greed of so many; many who have been placed in position of authority. It is their greed that has landed us where we are, where it is difficult to do the sorts of things His Eminence saw in Washington and so many other places. You cannot steal half of the resources of the country and expect to build the sort of things you see in other places.
“And if the church says you are not allowed to steal and we will ostracize you in our midst if you did. If what a man has does not measure up to what he has, if we found that a man has more money than he should have, if a man is earning a salary of a civil servant or a public servant and he has houses everywhere, we have to hold him to account. But he must be held to account in the church.
‘He must be told first in the church we will not allow you here. If the church says we will not accept you here or that we will expose you if you are stealing the resources of the country or stealing the resources of a private company or other establishment where you work, then we would not have the type of problem that we have in this country. If only the church does so. Just the church.
“Just as Christian fathers today, it is our duty as God spoke concerning Abraham in Genesis 18:19, it is our duty to build up a generation of righteous men and women, a nation of just men and women who fear God and puts God above everything else. And I believe that the Almighty God will help us. I just pray that the Father of fathers, the One who has called us, one who has saved us will bless each and every father here today in the mighty name of Jesus. The Almighty God who is the great Father of all fathers will ensure that we get everything we need to make our families, to make communities truly great and to make our nation great.”
News
Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”
News
FG Laments Low Patronage Of Made-In-Nigeria Products

A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.
News
Nigeria Seeks Return To JP Morgan Bond Index
The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.
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