News
Osinbajo Orders Rescue Of NNPC, UNIMAID Staff …Army Retracts Statement

The Acting President, Prof Yemi Osinbajo, yesterday, ordered security operatives to immediately locate and rescue all those abducted recently by the Boko Haram sect while carrying out oil exploration research in the Lake Chad Basin Frontier Exploration.
The order was contained in a statement made available to newsmen in Abuja by the Senior Special Assistant to the Acting President on Media and Publicity, Mr. Laolu Akande.
Akande quoted the acting president as saying that those who carried out the ambush, which he described as an unacceptable and criminal conduct, must be brought to justice.
He said Osinbajo, after an emergency meeting with military chiefs, last Thursday, issued fresh directives to the Nigerian military and all security agencies to immediately scale-up their efforts and activities in Borno State in order to maintain a strong, effective control of the situation and secure lives and property.
The statement read, “while commending the military for the progress already recorded with the rescue of some of the abducted, Prof. Yemi Osinbajo has also ordered the continuation of search and rescue missions to locate and ensure the freedom of all remaining abducted persons as soon as possible, using all available and expedient means in the circumstances.
“He adds that justice would be pursued for the victims and against those who engage in this kind of unacceptable, criminal and terrorist conduct.
“Acting President Osinbajo pays tribute to the resilience, courage and bravery of officers and men of the Nigerian Armed Forces for their gallant endeavours and sacrifices for the peace, security and territorial integrity of our country.
“He eulogises the Nigerian soldiers who have paid the ultimate price in this mission and others linked to the current insurgency and gives a firm assurance that the welfare of the families of the soldiers will be prioritized.
“He also commends the diligence of the management and staff of the NNPC, and the lecturers/consultants from the University of Maiduguri in pursuing Federal Government’s resolve to grow our country’s current crude oil reserve base through potential exploration in the Lake Chad Basin, stressing that the government will by no means be dissuaded.”
Osinbajo was further quoted as saying that the nation would never forget the sacrifice of the officials who he said put their lives on the line the current and future generations of Nigerians would the resources of the land.
He noted that the objective of the patriotic exercise carried out by the victims was to open up new areas for oil exploration for the common good of all Nigerians.
He regretted that the terrorist attack resulted in a number of deaths of hardworking and innocent Nigerians, and the abduction of some.
The acting president described the victims as “extraordinarily selfless Nigerians from the NNPC and the University of Maiduguri,” saying they “put their lives on the line that we and generations to come will enjoy the resources of this land. We will never forget that sacrifice.”
Osinbajo also paid “tribute to the resilience, courage and bravery of officers and men of the Nigerian Armed Forces for their gallant endeavours and sacrifices.”
He commiserated with the families, relatives and associates of those who lost their lives in the onslaught and wished the injured speedy recovery.
Last week, Boko Haram attacked some geologists and their aides who were on an oil exploration to Lake Chad Basin when they were ambushed.
The Army has since confirmed that at least 14 soldiers, 11 civilian joint task force (CJTF), and five staff of the university were killed in the attack and subsequent rescue efforts.
The university staff were subcontracted by the NNPC for the exploration exercise.
At least, four staff of the university are still missing with three of them in the custody of the terror group.
The three were shown in a recent Boko Haram video begging the government to negotiate for their release.
“Osinbajo condemns the appalling ambush, attack and abduction of soldiers, and civilians who were carrying out their duties to the nation in the Lake Chad Basin Frontier Exploration,” the statement added.
Meanwhile, the Nigerian Army has expressed regrets over a statement it issued following the ambush and abduction of some oil workers in Borno State by Boko Haram terrorists.
This comes four days after the ambush and a day after Boko Haram released a video of three of the abducted members of the oil exploration team.
It would be recalled that a day after the incident, the Army had said the oil workers had been rescued.
However, the Director, Army Public Relations, Brig-Gen Sani Usman, said the initial statement was regrettable.
He disclosed this in a fresh statement, yesterday, which revealed that 21 more bodies of those ambushed had been recovered.
Describing the ambush as “as unfortunate and highly regrettable”, Usman said his initial statement that all the Nigerian National Petroleum Corporation (NNPC) workers abducted in the ambush had been rescued was wrong.
“Most regrettable also is my earlier release on the said incident about the rescue of all NNPC staff. The error in the statement was not deliberate,” he said.
He assured Nigerians that the Army “in this present dispensation is reputed for timely dissemination of information on activities of our troops in all theatre of operations”.
He added, “We have strived to keep the public informed on our activities with no intention of distorting any fact.
“Our troops have doubled efforts in the pursuit of the Boko Haram terrorists while search and rescue are still ongoing to secure the safe return of the remaining civilians.”
While reassuring Nigerians of its commitment to tackling the terrorists, the Nigerian Army condoled with the families of all that lost their loved ones in the ambush.
For those still missing, it said search and rescue efforts are ongoing, adding, “We are counting on the goodwill and support of the populace in volunteering valuable information that could help in the search and rescue operation.”
On the renewed attacks by the terrorists, it said, “What the remnants of the Boko Haram are doing is pure criminal activities of kidnapping to gain funds. This has been noted and will be jointly addressed in conjunction with other Security Services.”
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.
-
Business1 day ago
Keyamo Refutes Claims On Enugu Airport Concession
-
News1 day ago
Nigeria Seeks Return To JP Morgan Bond Index
-
Education5 days ago
Easter: VC Preaches Love, Compassion, Kindness
-
News1 day ago
Okpebholo Denies Paying N6bn To Terrorist Group In Edo
-
Nation1 day ago
Over 26,000 Lagos Students Failed 2024 WASSCE -Commissioner
-
Maritime5 days ago
Twenty-Four-Hour Port Operations Achievable, If -Nweke
-
Niger Delta1 day ago
Engage Intellectually On Ijaw Struggle, Dep Gov Urges IYC
-
Business1 day ago
Include Adolescent Nutrition In National Policy – Nutritionist