News
Presidency Meets As Niger Residents Protest Against Economic Hardship

Hours after protests erupted in some States across the nation, the President’s Chief of Staff, Mr Femi Gbajabiamila, and the National Security Adviser, Nuhu Ribadu, alongside some Ministers held closed-door talks at the Presidential Villa, Abuja, yesterday.
The meeting which began at about 05:30 pm also had in attendance the Ministers of Education, Dr Tahir Mamman; Finance, Wale Edun; Agriculture, Abubakar Kyari and State for Agriculture, Mustapha Shehuri.
Yesterday’s gathering comes after angry youths and women took to the streets of Minna and Kano to protest what they described as the rising cost of living in the country.
In Niger State, a group of women reportedly blocked the ever-busy Minna-Bida Road at the popular Kpakungu Roundabout and called on the administration of President Bola Tinubu to address the problem of ‘hunger in the land.’
The protest started when a group of women blocked Minna-Bida Road at the popular Kpakungu Roundabout to lament what they termed the suffering under the Bola Tinubu government. They were later joined by men and youths stopping vehicles from moving.
The protest occurred in the morning when some of the youths began speaking in the Hausa language, lamenting how the country’s economy was getting worse under the leadership of Ahmed Tinubu.
A deployment of police operatives to the scene could not stop the youths from the protest as some of them could be heard saying that the police were the agents of the government and they could not do anything.
One of the youths, who gave his name as Ibrahim Gana, said, “Rice was sold at the cost of N2,000 at Minna markets while maize was N1,000 per module (measure).
“The Federal Government needs to take action to reduce the hardship being faced by the poor Nigerians. Things are becoming unbearable.”
Attempts by security operatives to quell the protest by firing tear gas cannisters into the crowd and making some arrests were rebuffed by the mob.
Some passersby lamented how they narrowly escaped injuries as the youths continued to chase people away from going about their lawful duties.
The police operatives had to resort to firing teargas in the direction of the rampaging youths to disperse them. But despite the teargas, the youths continued their protest.
The Niger State Command spokesman, Wasiu Abiodun, who reacted to the protest, said the police had to apply minimum force to disperse the protesters.
“I woke up this morning with information that many people protesting blocked Bida road, obstructing motorists and causing people to be unable to go about their work. So we had to deploy there this morning.
“After so much persuasion, they refused to open the road, even the deputy Governor, His Excellency, was there to address them; we had to use minimum force to disperse the protesters, the road was opened, and there is a free flow of traffic now”, he said.
Meanwhile, the ruling All Progressives Congress (APC), yesterday, accused opposition parties in the country of orchestrating the protests that took place simultaneously in Kano and Niger States on Monday.
In a statement issued by the National Publicity Secretary of APC, Felix Morka, in Abuja, yesterday, the ruling party accused opposition parties of being the brain behind the protests, which it claimed were not mere coincidence.
Morka added that it was a desperate move to portray the APC-led administration as underperforming.
The statement read, “The protests in Minna and Kano on Monday were the manifestation of this devious and unpatriotic plot. That the protests happened simultaneously in both cities is not coincidental. It bears the bold stamp of an orchestrated and coordinated effort to instigate unrest and undermine the government.
“This mercenary opposition tactic is a clear and present threat to public peace and national security.
“While we recognise the right of citizens to engage in peaceful protest, we urge our good people to be vigilant and not lend themselves to the treacherous attempt by the opposition to promote social strife by its incendiary rhetoric and manipulative plots.
“The President Bola Tinubu-led administration is solidly committed to doing everything in its power to mitigate the transient pains of critically important reforms that are crucial to economic recovery and sustainable prosperity for all Nigerians.
“It behooves us as good citizens of our beloved country to stand fast with our government in this noble stride. In due time, these policy reforms will yield an enduring beneficial transformation of the material conditions of life in the country.
“We implore Nigerians to shun the guile and unpatriotic attempt by opposition elements to destabilize the country for their own base and parochial political gains.”
Reacting, the Deputy National Publicity Secretary of the Peoples Democratic Party (PDP), Ibrahim Abdullahi, mocked the ruling party, stating that governance is a responsibility an individual or organisation owes the followers that come with consequences.
This was even as Abdullahi expressed concern that the nation is under siege following the rising cost of living, insecurity and free fall of the naira.
He said, “If the PDP were to be in power, there is a tendency it might likely accuse the APC of masterminding these protests. It is a normal thing in a democracy.
“But what is the crux of the matter here? If the issue at hand is a true reflection of the situation in the land, I don’t think it behooves the APC to start complaining about the people behind it. What is more critical is that the country is under siege and facing a very terrible situation as we speak. You and I go to the same market and we are all witnesses to the massive degeneration of our economy as well as the tragic fall of our beloved country from the high point of glory.
“From 2015, we could barely wait for the tenure of Muhammed Buhari to end till after eight years. Just when Nigerians thought they had seen worse, little did they know the worst is on its way. Today, you can see the rooftop inflation, biting economic reality, sabotage, rising unemployment and insecurity. Nigerians are the ones bearing all the brunt. And for anyone to say the people should not groan or complain leaves much to be desired.
“For the APC to ask the opposition to keep quiet at a time when they should be the ones putting the FG on its toes, I don’t know if they expect the PDP and other political parties to accept what is going as the phase of life. Then where is the opposition? Insecurity has never been as worse as it is today.”
The National Publicity Secretary of the Labour Party, Obiora Ifoh, also shared the same sentiment.
He said, “The APC-led government is aloof and doesn’t understand the mood of the nation. They are still living in highfalutin estates for not understanding that virtually everything in Nigeria has gone up. They need not look at where to anchor their frustration. It is all out there unless they have markets different from the ones Nigerians use.
“It is not about the opposition parties orchestrating protests against the government. The work of the opposition is to remind the federal government that it is derailing and that a hungry man is an angry man. How can they be living in luxury and the nation is burning?
“There is anger when a man can no longer feed his wife and the family. You can’t expect such a man to laugh. We (the opposition) are only asking them to live up to expectations. When they were sworn in in May last year, they said a whole lot of things they promised to do. Nine months down the line, they have not done any and Nigerians are bearing the brunt.
“The food storage is empty. Even the farmers producing don’t facility to store when people refuse to buy. That is why we are having food crisis. A bag of rice now costs N70,000 and you are still calling out opposition. The opposition are also Nigerians and have the right to speak when things are not going well.”
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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