metro
Tinubu to establish credit firm to bring down food, drug prices
Tinubu to establish credit firm to bring down food, drug prices
President Bola Tinubu said yesterday the Federal Government hopes to bring down the price of food and promote local manufacturing of essential drugs and other medical supplies through the establishment of a National Credit Guarantee Company in the new year.
Tinubu, who disclosed this in his New Year nationwide broadcast to the nation, also asked states to key into the federal government’s Compressed National Gas, CNG, programme to reduce the cost of transportation for Nigerians.
The President equally said the youth confab he promised in the aftermath of the #EndBadGovernance protests across the country, would begin in the first quarter of 2025, as a testament of his government’s commitment to youth inclusiveness and investment as nation-builders.
This is as the main opposition party, the Peoples Democratic Party, PDP, charged the President not to taint the new year with an address that will not proffer immediate and concrete steps to reduce the price of fuel and address widespread hunger.
New coy to partner BOI, NSIA, others
According to the President, the new company, which is expected to begin operations before the end of the second quarter of the new year, is a partnership of government institutions, including the Bank of Industry, BOI, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, NSIA, the Ministry of Finance Incorporated, the private sector and multilateral institutions.
Tinubu, who noted that the initiative will strengthen the confidence of the financial system, expand credit access and support under-served groups such as women and youth, said the new company will help expand risk-sharing instruments for financial institutions and enterprises.
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The President said: “As the new year dawns, it brings many hopes, aspirations, and prospects for better days. By the grace of God, 2025 will be a year of great promise in which we will fulfil our collective desires.
“Though 2024 posed numerous challenges to our citizens and households, I am confident that the New Year will bring brighter days. Economic indicators point to a positive and encouraging outlook for our nation.
“Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters. Foreign reserves have risen, and the naira has strengthened against the US dollar, bringing greater stability.
“The stock market’s record growth has generated trillions of naira in wealth, and the surge in foreign investment reflects renewed confidence in our economy. Nevertheless, the cost of food and essential drugs remained a significant concern for many Nigerian households in 2024.
“In 2025, our government is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies. We are resolute in our ambition to reduce inflation from its current high of 34.6% to 15%. With diligent work and God’s help, we will achieve this goal and provide relief to all our people.
“In this new year, my administration will further consolidate and increase access to credit for individuals and critical sectors of the economy to boost national economic output.
Company to expand risk-sharing instruments for banks, businesses
“To achieve this, the Federal Government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.
The company, expected to start operations before the end of the second quarter, is a partnership of government institutions, such as the Bank of Industry, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance Incorporated, the private sector, and multilateral institutions.
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“This initiative will strengthen the confidence of the financial system, expand credit access, and support under-served groups such as women and youth. It will drive growth, re-industrialisation, and better living standards for our people.
“On a personal note, thank you for placing your confidence in me as your president. Your trust humbles me, and I promise to continue serving you diligently and wholeheartedly.
“We will continue to embark on necessary reforms to foster sustainable growth and prosperity for our nation.
‘’I seek your co-operation and collaboration at all times as we pursue our goal of a one trillion-dollar economy. Let us stay focused and united.
‘’We are on the right path to building a great Nigeria that will work for everyone. Let us not get distracted by a tiny segment of our population that still sees things through the prisms of politics, ethnicity, region, and religion.
‘’To achieve our national goals and objectives, we must become better citizens and uncompromising in our devotion and allegiance to Nigeria.
‘’Citizens’ moral rectitude and faith in our country are fundamental to the success of the Renewed Hope Agenda. In 2025, we will commit to promoting adherence to ethical principles, shared values, and beliefs under the National Identity Project.
‘’I will unveil the National Values Charter, already approved by the Federal Executive Council, in the first quarter of 2025. I will launch an ambitious national orientation campaign that fosters patriotism and love for our country and inspires citizens to rally together.
‘’The Charter will promote mutual commitments between the government and citizens and foster trust and cooperation among our diverse population and between the government and the citizens.
Youth confab for the first quarter of 2025
‘’The Youth Confab will begin in the first quarter of 2025, a testament to our commitment to youth inclusiveness and investment as nation-builders. The Ministry of Youth will soon announce the modalities for selecting the conference’s representatives from our diverse, youthful population.
‘’Let me use this New Year’s message to urge our governors and local council chairpersons to work closely with the central government to seize emerging opportunities in agriculture, livestock, and tax reforms and move our nation forward.
‘’I commend governors who have embraced our Compressed Natural Gas initiative by launching CNG-propelled public transport. I also congratulate those who have adopted electric vehicles as part of our national energy mix and transition. The Federal Government will always offer necessary assistance to the states.
“To all citizens, your sacrifices have not been in vain over the past 19 months. I assure you they will not be in vain, even in the months ahead. Together, let us stay the course of nation-building.
The New Year will bring us closer to the bright future we all desire and the Nigeria of our dreams.
Tinubu to establish credit firm to bring down food, drug prices
metro
Omokri Alleges Possible Hacking in Obi–Oyedepo Audio Leak, Mentions el-Rufai
Omokri Alleges Possible Hacking in Obi–Oyedepo Audio Leak, Mentions el-Rufai
Political commentator, Reno Omokri, has alleged that the controversial leaked telephone conversation between the presidential candidate of the Labour Party in the 2023 election, Peter Obi, and founder of Living Faith Church Worldwide, Bishop David Oyedepo, may have been the result of a coordinated hacking operation.
Omokri, in a statement shared on his verified social media handle, suggested that associates of a former Governor of Kaduna State, Nasir el-Rufai, could have had both the capacity and motive to compromise Obi’s phone and leak the conversation to the public during the heat of the 2023 presidential campaign.
The leaked audio, which surfaced weeks before the presidential election, generated widespread reactions across political and religious lines, with critics interpreting parts of the conversation as religiously charged. Obi had, at the time, denied any wrongdoing and maintained that his comments were taken out of context.
In his latest remarks, Omokri argued that political phone hacking was not impossible in Nigeria’s political environment, adding that if high-profile communications could allegedly be breached, then the phones of political actors might also be vulnerable. He, however, did not provide evidence to substantiate the allegation.
Efforts to reach el-Rufai’s media aides for comments were unsuccessful as of the time of filing this report. There was also no immediate response from Obi’s camp regarding the fresh claims.
No security agency has publicly linked any individual or group to the leaked audio, and there is no official confirmation that the conversation was obtained through hacking.
Analysts say the renewed allegations reflect lingering tensions from the 2023 general elections and underscore growing concerns over cybersecurity and political misinformation in the country.
Omokri Alleges Possible Hacking in Obi–Oyedepo Audio Leak, Mentions el-Rufai
metro
Troops Arrest Suspected Gunrunner, Recover Six Machine Guns in Taraba Operation
Troops Arrest Suspected Gunrunner, Recover Six Machine Guns in Taraba Operation
Troops of the 6 Brigade, Nigerian Army, operating under **Sector 3 of Operation Whirl Stroke, have arrested a suspected gunrunner and recovered a cache of weapons and related items during an intelligence‑led operation in Ibi Local Government Area, Taraba State.
The operation, which took place on 12 February 2026, was launched after credible intelligence alerted soldiers deployed at the Forward Operating Base (FOB), Wukari, to the presence of a suspected arms trafficker in the area. Following swift mobilisation, the troops intercepted and apprehended the suspect identified as Mr. Abubakar Ibrahim, a 48‑year‑old native of Barkin Ladi Local Government Area in Plateau State.
A statement issued on Saturday by Lieutenant Umar Muhammad, Acting Assistant Director of Army Public Relations for 6 Brigade, confirmed the arrest and the recovery of several items during a thorough search conducted at the scene.
Recovered items included:
- 6 x PKT machine guns
- 2 x 7.62mm special ammunition
- Cash sum of One Hundred and Seventy Thousand Naira (₦170,000)
- 1 x Peugeot 504 vehicle
- 1 x Q Seven mobile phone
- 7 x bottles and wraps of perfume
- 2 x small containers of Vaseline
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The suspect remains in custody and is currently undergoing further investigations by military intelligence and law enforcement personnel.
The Army emphasised that the interception denied criminal elements the opportunity to proliferate illegal weapons within the state, contributing to broader efforts to combat insecurity and enhance public safety across Taraba and neighbouring states. Illegal arms proliferation has been a major driver of violence, including kidnapping, banditry and communal clashes, particularly in Nigeria’s Middle Belt region.
The Commander of 6 Brigade Nigerian Army/Sector 3 OPWS, Brigadier General Chukwuemeka Michael Akaliro, commended the vigilance, professionalism and swift response of the troops involved. He urged soldiers to sustain the operational tempo to ensure that the Brigade achieves the mandate assigned by the Chief of Army Staff (COAS).
He also appreciated the cooperation of local residents, noting that timely and credible intelligence from community members played a significant role in the success of the operation.
Brigadier General Akaliro called on members of the public to remain security conscious and to continue assisting security agencies with actionable information, emphasising that such cooperation has proven invaluable in cracking down on criminal networks.
“The Brigade remains resolute in its mandate to protect lives and property and to restore lasting peace and stability across Taraba State,” he stated, reaffirming the Army’s commitment to safeguarding civilians and curbing the flow of illegal weapons in the region.
Troops Arrest Suspected Gunrunner, Recover Six Machine Guns in Taraba Operation
metro
Argungu Festival 2026 Highlights Peace, Stability, Economic Growth — Tinubu
Argungu Festival 2026 Highlights Peace, Stability, Economic Growth — Tinubu
President Bola Ahmed Tinubu has hailed the 61st Argungu International Fishing and Cultural Festival as a milestone in Nigeria’s return to stability and normalcy, emphasizing its role in promoting tourism, agriculture, food security, and rural development in Kebbi State and the broader northwest region. Speaking at the grand finale of the four-day festival, Tinubu congratulated the Kebbi State Government for hosting the historic event, which drew over 50,000 fishermen and thousands of visitors from Nigeria and neighbouring countries. He described the festival as a “powerful symbol of unity, resilience and peaceful coexistence.”
The President lauded the robust security arrangements, noting that cultural events thrive only in a safe environment. He attributed the return of relative peace to sustained investments in security, intelligence gathering, and community engagement, promising that the fight against banditry and insurgency would continue until fully defeated. “Farmers, fishermen, traders, and families must be able to live and work without fear,” Tinubu said, stressing the Federal Government’s commitment to supporting agriculture and rural livelihoods, highlighting Kebbi State as a key contributor to Nigeria’s food security agenda.
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Tinubu also underscored the festival’s unifying power, noting that it brings together people of different nations, backgrounds, and beliefs in the spirit of friendship and healthy competition, while projecting Nigeria’s rich cultural heritage to the world. The festival featured traditional fishing competition in the Matan Fada River, cultural performances, music and dance, canoe races, and wrestling competitions, giving participants and visitors a full showcase of the region’s culture. The Emir of Argungu, Alhaji Sama’ila Muhammad Mera, described the festival as a symbol of courage, reconciliation, peace, and friendship, linking it to President Tinubu’s Renewed Hope agenda.
At the competition’s climax, Abubakar Usman from Maiyama Local Government Area emerged the overall champion with a record 59‑kilogram catch, earning him N1 million and two vehicles. Runner-up Abdullahi Garba from Argungu caught a 40kg fish, while two contestants from Jigawa and Kogi states shared third place with 33kg catches each, also receiving prizes. All four winning fish were presented to President Tinubu as ceremonial souvenirs.
Before attending the festival, Tinubu inaugurated key infrastructure projects in Birnin Kebbi, including the Bola Ahmed Tinubu Secretariat Complex, a modern motor park, a three-lane dual carriageway, the Kauran Gwandu College of Nursing and Midwifery Sciences, and the newly dualised Old Argungu By-Pass Road. Governor Nasir Idris welcomed the President’s visit and reiterated his government’s resolve to sustain the festival as a platform for cultural preservation, tourism development, and economic empowerment. He highlighted the state government’s achievements, including road expansions, urban development, rehabilitation of 16 general hospitals and over 120 primary healthcare centres, and the distribution of fertilizers, improved seedlings, agrochemicals, and farm implements to local farmers.
The festival’s return after a multi-year hiatus due to insecurity is widely regarded as a turning point in the northwest’s socio-economic recovery. Local officials and stakeholders noted that the event has boosted trade, tourism, and cultural pride, attracting visitors and business activity across Argungu and surrounding areas, reflecting a renewed sense of peace, stability, and opportunity in Kebbi State.
Argungu Festival 2026 Highlights Peace, Stability, Economic Growth — Tinubu
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