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I didn’t come to Aso Rock to make money – Tinubu
I didn’t come to Aso Rock to make money – Tinubu
President Bola Tinubu has reacted to the notion that his administrator has been too desperate and aggressive in raising funds since assuming power, this putting financial pressure on the people.
He however said his goal was to serve the nation and deliver meaningful results to Nigerians, rather than seek personal gain.
Tinubu spoke in Abuja on Friday when he received members of the forum of former presiding officers of the national assembly, led by Ken Nnamani, ex-senate president.
The forum comprises 16 former presiding officers of the national assembly, including past senate presidents, former speakers of the house of representatives, ex-deputy senate presidents, and former deputy speakers.
“I didn’t come to look for money and exploit the situation; I came to work. I asked for the votes, and Nigerians gave them to me,” the president said.
He acknowledged the support given to him by members of the forum, regardless of political differences.
He charged them to continue to promote the unity and cooperation of Nigeria to further national development.
Speaking on the complexities of legislative functions, constitutional amendments, and the nation-building process, Tinubu expressed optimism that Nigeria would progress through collaboration and inclusiveness.
“Regardless of party differences of the past and the difficulty of the present, you still believe in me and what we all planned for this country,” he said.
“I thank you very much; no one will do it better than us. I have travelled the world and seen how developed countries have done it for themselves through collaboration, inclusiveness, and financial structure.”
The president also reflected on the prevailing economic hardship, questioning the mismanagement of past opportunities during the period of high crude oil production.
“Yes, there is hardship, but how did we get here? What did we do when we had very high crude production?” Tinubu questioned.
“We neglected our communities; we neglected the goose that lays the golden eggs; we forgot even to give them a good standard of living.
“We forgot to educate our children. Go round and look at the dilapidated schools. The education environment must be decent enough for pupils to want to learn.
“We can complain from now till eternity that school enrolment is low. But did we do anything to encourage the enrolment process? We must ask ourselves because it is a matter of conscience.”
The President outlined his administration’s priorities, which he said include improving infrastructure, ensuring compliance with financial regulations, exploring alternative energy sources, and securing energy independence.
“We have come a long way, and I promise we must do our best,” he added.
He asked the former presiding officers to keep contributing their expertise to nation-building.
Speaking on behalf of the delegation, Nnamani pledged the forum’s support for Tinubu’s administration and its efforts to address the country’s pressing challenges.
The former Senate President said the meeting was Tinubu’s first official engagement with the group since assuming office on May 29, 2023.
“Mr. President, history has never been the burden of one man alone, but some are called to meet the special share of its challenges,” he said.
“Though not of your creation, it has fallen on you to end the pervasive insecurity across the nation, the economic downturn that has resulted in hunger and anger, infrastructural decay due to years of neglect, and myriads of other national challenges.
“As difficult as these problems are, we believe that with your experience, you can face the difficulties and surmount them.”
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News
Tinubu appoints Enitan as Head of Civil Service
Tinubu appoints Enitan as Head of Civil Service
President Bola Ahmed Tinubu has appointed the Permanent Secretary in the Federal Ministry of Education, Abel Olumuyiwa Enitan, as the new Head of the Civil Service of the Federation.
Enitan, who is the most senior Permanent Secretary in the Federal Civil Service, will assume office on August 27, 2026, following the retirement of the incumbent Head of Service, Mrs Didi Esther Walson-Jack.
The appointment was announced in a statement by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Wednesday.
A native of Osun State, Enitan has spent more than seven years as a Permanent Secretary, serving in the Ministry of Police Affairs, Ministry of Humanitarian Affairs and the Office of the Vice President before his current posting to the Federal Ministry of Education.
With seven years and seven months of experience at the Permanent Secretary level, Enitan is expected to bring extensive institutional knowledge and experience to the leadership of the Federal Civil Service.
Onanuga said President Tinubu appreciated Walson-Jack for her “distinguished service” to the nation, particularly her contributions to reforms, innovations and improved performance within the Civil Service during her tenure.
The President wished the outgoing Head of Service a fulfilling post-retirement life and expressed the nation’s gratitude for her years of dedicated public service.
Tinubu charged Enitan to sustain and build on the reforms and innovations already introduced in the Civil Service, while deepening professionalism, efficiency and responsiveness across the system.
The President also urged the incoming Head of Service to promote a Civil Service that is merit-driven, accountable, innovative and capable of responding effectively to the needs and aspirations of Nigerians.
The administration said the appointment was part of efforts to strengthen the Federal Civil Service and improve its capacity to deliver on the Renewed Hope Agenda.
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News
FCCPC probes cement price manipulation as Nigerians pay more than African peers
FCCPC probes cement price manipulation as Nigerians pay more than African peers
The Federal Competition and Consumer Protection Commission (FCCPC) has launched a deeper investigation into the Nigerian cement industry following preliminary findings that the rising price of cement may not be fully explained by legitimate production and market costs.
The commission said its three-month inquiry raised concerns about possible manipulation of cement prices after receiving widespread complaints over the soaring cost of the building material despite Nigeria’s substantial limestone deposits and large installed production capacity.
The investigation was carried out by the FCCPC’s Anticompetitive Practices Department (ACP) and included a cross-border comparison of Nigeria’s cement market with those of Kenya, Tanzania, South Africa, Egypt, Morocco, Algeria and Togo.
The study examined factors including limestone availability, population, production capacity, domestic consumption and retail prices to determine whether prevailing prices in Nigeria were consistent with market conditions.
According to the commission, the findings showed a notable disparity between cement prices in Nigeria and those in some other African markets.
A 50kg bag of cement that sold for between ₦9,300 and ₦9,700 in January 2026 rose to between ₦10,500 and ₦13,000 by the middle of the year. By July, prices of between ₦13,000 and ₦15,000 were reported in some parts of the country.
The FCCPC said its comparison found that a 50kg bag sold for about $5.40, equivalent to ₦7,344, in Kenya, while the same quantity was around $4.80, or ₦6,528, in Tanzania.
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In Togo, where the commission noted the absence of significant limestone deposits, a 50kg bag sold for approximately $6.75, equivalent to ₦9,180.
The price disparity has prompted the regulator to question why Nigeria’s substantial natural-resource base and production capacity have not resulted in stronger downward pressure on domestic prices.
The FCCPC estimates that Nigeria has installed cement production capacity of between 60 million and 65 million metric tonnes annually, compared with domestic consumption of approximately 25 million to 30 million metric tonnes.
The commission also noted that Nigeria is a net exporter of cement and clinker, making the continued high domestic prices a key issue in its investigation.
However, the FCCPC stressed that it has not concluded that any cement manufacturer has violated competition laws. The preliminary findings, it said, only provide sufficient grounds for further investigation.
The commission is examining whether prevailing prices can be justified by legitimate costs or whether there is evidence of coordinated conduct, abuse of market power, restriction of domestic supply or anti-competitive distribution practices.
Cement producers and other industry participants have cited several factors behind the higher prices, including energy costs, naira depreciation, imported machinery and spare parts, transportation and logistics expenses.
The FCCPC said it was testing those explanations against verified information on production costs, pricing, capacity utilisation, exports and broader market conditions.
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As part of the investigation, the commission has issued Notices of Commencement of Investigation and Summons to Produce to key industry participants.
The companies are expected to provide information covering their pricing methodologies, production levels, capacity utilisation, exports and commercial relationships.
FCCPC Executive Vice Chairman and Chief Executive Officer Tunji Bello said the investigation was necessary because cement plays a strategic role in the Nigerian economy.
According to Bello, the cost of cement directly affects housing, commercial property development, public infrastructure and the wider cost of doing business.
The probe also comes amid repeated calls from the Federal Government for cement manufacturers to reduce prices.
In June 2026, Minister of Works David Umahi urged cement producers to reduce prices, arguing that the high cost of the material was increasing the cost of government infrastructure projects and contributing to demands for contract variations.
The government had previously reached an understanding with major cement producers, including Dangote Cement, BUA Cement and HBM Nigeria, that cement should generally sell within the ₦7,000 to ₦8,000 range per 50kg bag, depending on location.
Despite those discussions, retail prices have remained considerably higher in several parts of Nigeria.
Industry financial results also show that major cement producers have continued to record strong revenues amid sustained construction demand and higher prices. The development, however, does not by itself establish that any company has engaged in anti-competitive conduct.
The FCCPC must now determine whether the high cost of cement in Nigeria is primarily the result of legitimate economic pressures or whether unlawful practices are contributing to the price disparity.
The outcome of the investigation could have significant implications for consumers, builders, contractors, property developers and the construction industry, particularly as high building-material costs continue to affect housing affordability and infrastructure development.
For now, the commission has emphasised that its findings remain preliminary and that the investigation is ongoing. Any regulatory or enforcement action will depend on the evidence gathered during the process.
FCCPC probes cement price manipulation as Nigerians pay more than African peers
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News
Adeleke withdraws EFCC suit after Tinubu’s intervention
Adeleke withdraws EFCC suit after Tinubu’s intervention
Osun State Governor, Ademola Adeleke, has directed the state Attorney-General to withdraw the lawsuit filed against the Economic and Financial Crimes Commission (EFCC) over the restriction placed on a state government account.
Adeleke disclosed this in an interview with Channels Television on Sunday, shortly after he was declared the winner of the Osun State governorship election, saying he was no longer interested in pursuing the case following President Bola Tinubu’s intervention.
The governor said Tinubu personally intervened in the matter and contacted him, adding that he considered the President’s intervention sufficient reason to discontinue the legal action.
“What else do I want? I’ve instructed my Attorney-General to drop it. Mr President has done well; he called me. What more do I want?” Adeleke said.
The dispute followed the decision by the EFCC to place a Post-No-Debit restriction on an Osun State Government account as part of an investigation into the alleged handling of about ₦11 billion in Ecology Funds, Intervention Funds and allocations from the Federation Account.
The anti-graft agency said its investigation had been ongoing since March 2026. It said the restriction became necessary after it detected what it described as the “precipitate and unwarranted movement of funds” from the account into several corporate entities.
The EFCC maintained that the restriction was connected to its investigation and was aimed at preventing further movement of funds while the probe continued.
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Adeleke had strongly opposed the action, directing the state Attorney-General and Commissioner for Justice to challenge the restriction in court.
The governor had described the EFCC’s action as unlawful and politically motivated, particularly because it occurred shortly before the Osun governorship election.
The legal dispute subsequently became a major point of contention between the Osun State Government and the anti-graft agency, with the state seeking judicial intervention over the restriction on its account.
However, Adeleke has now opted to discontinue the case after Tinubu’s intervention.
The governor also addressed reports concerning some of his aides who had been invited or detained by the EFCC in connection with the investigation.
He said his lawyers were engaging with the commission and had been directed to visit the agency to address the matter.
“Well, we are… we’ve been talking. I’ve been calling all my lawyers to go there,” Adeleke said.
The governor also questioned the decision to invite some of his aides, particularly his spokesperson, for questioning by the anti-graft agency.
“Can you imagine my spokesperson? You are inviting my spokesperson to EFCC. Is my spokesperson a finance minister or accountant? So I told him, ‘Go,’” he said.
Adeleke, however, said his aides had complied with the invitations because they had nothing to hide.
The governor further clarified that his renewed support for Tinubu should not be interpreted as an indication that he intends to return to the All Progressives Congress (APC).
When asked whether he would return to the APC, Adeleke said, “I’m not even thinking about it right now.”
He nevertheless stressed that remaining outside the APC would not prevent him from supporting Tinubu ahead of the 2027 presidential election.
“But that doesn’t mean I can’t express my support… Mr President,” Adeleke said.
The governor, who previously contested political positions under the APC before moving to the Peoples Democratic Party (PDP) and later the Accord Party, said his support for Tinubu was independent of his party affiliation.
Adeleke also alleged that some individuals had been using Tinubu’s name in connection with the EFCC matter without the President’s knowledge.
His comments came after he defeated the APC candidate, Bola Oyebamiji, in Saturday’s governorship election to secure a second term as Osun governor.
According to the Independent National Electoral Commission (INEC), Adeleke polled 511,067 votes, while Oyebamiji secured 444,815 votes.
The governor’s decision to withdraw the lawsuit is expected to ease the immediate legal confrontation between the Osun State Government and the EFCC, although the anti-graft agency’s investigation into the alleged handling of public funds remains a separate matter.
The development also comes at a significant political moment for Adeleke, who is preparing to begin his second term after another closely contested election in the state.
Adeleke withdraws EFCC suit after Tinubu’s intervention
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