News
Oyinlola Dumps APC, Resigns As NIMC Boss

A former Governor of Osun State, Olagunsoye Oyinlola, has resigned his appointment as the chairman of National Identity Management Commission (NIMC).
Oyinlola, in a resignation letter dated May 9, and addressed to President Muhammadu Buhari, said he resigned his appointment to attend to a greater political engagement.
The letter, which was signed by Oyinlola in Osogbo, yesterday reads: “Sir, I write to resign my appointment as the chairman of National Identity Management Commission (NIMC) with effect from today, 9th May, 2018.
“Your Excellency, I must put on record my very deep sense of appreciation for the special privilege and consideration you gave me to serve our fatherland in that capacity.
“As I stated in my appreciation letter to you shortly after the appointment, the offer was a clear call to service.
“I gave the job the dedication it deserved and would have loved to continue but I regret to inform Your Excellency that I have a new, greater political engagement that will make that difficult and even impolitic.
“Sir, as one of my bosses in the Army, I believe you would understand my stand given recent political developments.
“The training I got as a decorated officer and gentleman precluded me from engaging in any act that could amount to disloyalty and conflict of interest.
“I am moving on to chart a new course in my politics outside the ruling party, and this thus, demands my dropping the NIMC chairmanship.
“I thank you, sir, once again for the great honour and confidence reposed in me.
“However, there is time to take a job and another time to leave it and move on.
“For me, the time to work on something else in the interest and service of our people is now.
“I wish Your Excellency good luck while praying that you will finish well and strong in the service of our country.”
Oyinlola was appointed as NIMC chairman by President Buhari in September, 2017.
Meanwhile, former members of the People’s Democratic Party in the ruling All Progressives Congress (APC), appear to be spoiling for a fight as they have issued a seven-day ultimatum, asking the party to address their complaints of marginalization.
Their letter, which was addressed to the National Chairman of the APC, Chief John Odigie-Oyegun, was signed by former national chairman of the former PDP bloc, Alhaji Abubakar Kawu Baraje, and the group’s former national secretary, Prince Olagunsoye Oyinlola.
Both signatories are known to be lukewarm to the alliance put together in 2014, with Oyinlola openly rejecting a board appointment and teaming up with Olusegun Obasanjo’s national coalition movement and Baraje being accused by APC members in Kwara State of being anti-Buhari.
With the tone of the letter, the political bloc may just be preparing the ground to break away.
The group accused the ruling APC of marginalising its members in cabinet positions, board appointments and working to block the emergence of Yakubu Dogara and Bukola Saraki as speaker and senate president in 2015.
The group also listed five other sins committed against them by the APC, among them the lack of consultation of their members in decision making and the harassment of their members, which was not substantiated.
They thus gave Oyegun, seven days to respond and arrange a meeting.
“Given the constraining factor of available time and in the interest of our great party, it is strongly advised that the said urgent meeting be held not later than seven days from the date of the receipt of this letter,” they read.
The letter reads, “We, the members of the All Progressives Congress (APC), who moved over from the People’s Democratic Party (PDP) to form the APC before the 2015 General Elections in Nigeria are desirous of strengthening our party especially now that new party congresses have commenced and the convention and another round of General Elections are imminent. Obviously, this cannot be achieved without addressing fundamental issues which we wish to raise in this letter.
“We, therefore, wish, with due respect, to re-state our expectation then and now that the APC we all laboured to build would be one united, inclusive, cohesive and progressive party devoid of divisions, factions, cleavages and tendencies. We envisioned a political party promoting equal rights for all Nigerians and ensuring rapid and even development across the country. Of course there is no gainsaying the fact that the lofty ideals enumerated above cannot be attained without ensuring justice for party faithful and citizens.
“Kindly indulge us to offer a brief reminder of the history of events that led to the victory of the APC in the 2015 General Elections and the presidential election in particular. It is an undeniable historical fact that the movement of the former new PDP block to form the APC contributed immensely to the victory of the APC in the elections. The former new PDP included five sitting governors of Sokoto, Kano, Kwara, Adamawa and Rivers states and former governors of Kebbi, Gombe, Osun, former vice president of Nigeria, former acting national chairman of PDP, sitting Speaker of the House of Representatives, many serving members of the National Assembly and many renowned politicians and PDP elders. It was a watershed moment in Nigeria’s political history.
“Most of these leaders not only delivered their states to the APC at the elections, some of the governors were also assigned specific responsibilities to ensure that other states were also delivered to the APC in the 2015 elections. The then governor of Sokoto took charge of Kebbi and the then governor of Kano State took responsibility for Kano, Kaduna and Jigawa states just to mention a few examples. There were also unprecedented efforts by many stakeholders such as Senator Bukola Saraki, in concert with others, to deliver the entire North Central to the APC.
“These efforts, contributions and sacrifice were made in spite of the fact that the presidential ticket was taken by the erstwhile Congress for Progressive Change (CPC) and the Action Congress of Nigeria (ACN) blocs of the party. It is a matter for grave concern that His Excellency, Mr President, Muhammadu Buhari, has never publicly acknowledged our efforts in the face of clear evidence that the total number of votes scored by the APC in states where leaders and members of the then new PDP bloc held sway made the difference.
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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