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Democracy Day: Buhari Pledges to Sign ‘Not Too Young To Run’ Bill

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President Muhammadu Buhari has said that he will, in a few days’ time, sign into law the ‘Not too young to run’ bill.

The President made this promise in a nationwide broadcast in commemoration of the Democracy Day on Tuesday.

He said, “In a few days to come, I will be joined by many promising young Nigerians to sign into law the ‘Not too young to run’ bill.”

The bill, which is part of the process to amend the 1999 Constitution, seeks to reduce the minimum age requirement for elective positions in the country.

It was first passed by the Senate and the House of Representatives in July 2017. Many state houses of assembly in the country have also passed the bill.

President Buhari also advised all and sundry to be law-abiding as the country enters into another election season.

He said, “The upcoming months will usher us into another season of general elections. Let me use this opportunity to urge us all to conduct ourselves, our wards and our constituencies with the utmost sense of fairness, justice and peaceful co-existence such that we will have not only hitch-free elections but also a credible and violence-free process.”

The President, who reiterated that the fight against graft remained his administration’s primary objective, vowed not to relent in killing corruption before it did an irreparable damage to the nation.

He said, “The second primary objective of this administration is to fight corruption headlong. Like I have always said, if we don’t kill corruption, corruption will destroy the country. Three years into this administration, Nigerians and the international community have begun to applaud our policies and determination to fight corruption. We are more than ever before determined to win this war, however hard the road is. I, therefore, appeal to all well-meaning Nigerians to continue to support us in this fight.

“Various policy measures already put in place to stem the tide of corrupt practices are yielding remarkable results. Some of these key reform policies include: Treasury Single Account, which has realised billions of naira being saved from the maintenance fee payable to banks.  N200bn has also been saved from the elimination of ghost workers in public service.”

President Buhari noted that the whistle-blowing policy had helped the government to recover over N500bn.

He added, “The Presidential Initiative on Continuous Audit, set up with a mandate to validate controls, assess risks, prune personnel costs and ensure compliance with Public Financial Management reforms,  has helped to identify and remove over 52,000 ghost workers from the Federal Government’s MDAs Payroll.

“The Voluntary Asset and Income Declaration Scheme aimed at expanding tax education and awareness has offered the opportunity for tax defaulters to regularise their status in order to enjoy the amnesty of forgiveness on overdue interest, penalties and the assurance of non-prosecution or subject to tax investigations.”

He explained that the Sovereign Wealth Fund project portfolio had been expanded with an injection of $650m so as to strengthen its investment in local infrastructure, power, health, reconstruction of the Abuja-Kano Road, Lagos-Ibadan Expressway, East-West Road (Section V) and the Mambilla hydro-electric power project as well as the construction of the 2nd Niger Bridge.”

Speaking further on the anti-graft war, Buhari noted that the fight against corruption, through the Economic and Financial Crimes Commission and the Independent Corrupt Practices and other related offences Commission,  had resulted in the recovery of billions of naira, as well as the forfeiture of various forms of assets.

He said, “We have retained the services of one of the world’s leading assets tracing firms to investigate and trace assets globally. This is in addition to the exploitation of provisions of existing treaties, conventions as well as bilateral agreements with multilateral bodies and nations. Nigeria has also signed Mutual Legal Assistance Agreements to ensure that there is no hiding place for fugitives.”

Buhari added that through prudent spending and blocking of leakages, the nation’s foreign reserves had improved to $47.5bn as of May, 2018, as against $29.6bn in 2015.

The inflationary rate, he added, had consistently declined every month since January, 2017.

The President, who applauded  women for their contributions to national development and advancement of democracy, also urged Nigerians to avoid hatred and intolerance.

This, he said, would help the country to achieve its developmental objectives in an atmosphere of harmony and peaceful co-existence.

He listed his achievements in the last three years to include increase food security programme built around self-sufficiency and minimisation of import dependency.

Specifically, he said rice importation had been cut down by 90 per cent, which he noted had a direct impact on foreign reserves.

Others, he said, included Social Investment Programmes, Home Grown School Feeding Programme, and Conditional Cash Transfer where underprivileged Nigerians were given N5, 000 per month.

The President described the commemoration of 2018 Democracy Day, which is the third anniversary of his administration, as a celebration of freedom for Nigerians.

He said the celebration was also a recommitment  by his government to keep its promise to lead Nigeria into a new era of justice and prosperity.

Buhari admitted that his administration had faced challenges in the journey of three years while Nigerians stood by his government in achieving its three cardinal points.

He said, “Today marks the 19th year of our nascent democracy and the 3rd Anniversary of this administration. I am thankful to Almighty God for bringing us thus far.

“This administration came at a time that Nigerians needed change, the change we promised and the change we continue to deliver.

“We have faced a lot of challenges on this journey and Nigerians have stood by us in achieving the three cardinal points of this administration namely; security, corruption and the economy.

“The commemoration of this year’s Democracy Day is a celebration of freedom, a salute to the resilience and determination of Nigerians and a re-commitment by Government to keep its promise to lead Nigeria into a new era of justice and prosperity.”

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Claims I Tele-guided Militants, Did Nothing About ‘Bombed’ Assembly Complex Untrue, Fubara Tells Tinubu, AGF

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Suspended Rivers State Governor, Siminalayi Fubara, has debunked allegations that he tele-guided attacks on oil installations by suspected militant groups in the state.

Also, the governor said that claims that he did nothing to rebuild the bombed State House of Assembly after he ordered its demolition are untrue.

The Governor explained he acted on expert advice before demolishing the complex, which was said to have integrity issues.

Fubara, in a statement issued in Port Harcourt by his Chief Press Secretary, Nelson Chukwudi, said it was important to straighten the records.

Recall that President Bola Tinubu, in his speech while declaring a state of emergency in Rivers, berated the Governor for doing nothing to prevent the attack on oil pipelines.

But the suspended Governor insisted that the allegations were untrue, saying the attacks were ignited by the comments of the Minister of the Federal Capital Territory, Nyesom Wike, who during his media chat described the Ijaw as minorities.

He also said that Ijaw leaders and groups had asked the FCT Minister to apologize for his disparaging comment about the Ijaw, but their call fell on deaf ears.

The statement reads in part, “Our attention has been drawn to a number of allegations claiming that the Governor of Rivers State, His Excellency, Sir Siminalayi Fubara, did nothing to dissuade criminal groups and militants from making good their threats to attack oil installations in the State.

“There was also another claim that after demolishing the Hallowed Chambers of the State House of Assembly on Moscow Road in Port Harcourt, the Governor did nothing to rebuild the facility.

“Ordinarily, we would have ignored the statements as mere results of lack of adequate information to the Presidency by those tasked with the responsibility of providing same to guide decision-making, but it has become imperative to set the records straight and correct the erroneous impression such narratives are creating in the minds of the Nigerian people.

“First, it is important to clarify that Governor Fubara has nothing to do with the threats by militants and also did not in any way “telegraph” the reported attacks on any oil facility in the State.

“It is on record that the reaction of stakeholders in the Niger Delta, especially elders, chiefs, women, Ijaw National Congress, its youth wing, IYC, as well as militants, among others, was triggered by remarks by the Minister of the Federal Capital Territory (FCT), Chief Nyesom Wike, in a live media chat, during which he dismissed Ijaws as a minority of the minorities and powerless in the Nigerian polity, saying that Ijaws are not the only ones that are militants and can blow up pipelines; that Ogonis, Ikwerres, and others are also militants and can as well blow up pipelines.

“Most of the Ijaw groups and leaders even demanded an apology from the FCT Minister, which he rebuffed.”

The governor continued, “Available public records show that Governor Fubara, on several occasions and at every forum, including all the project commissioning events as well as the handover of the AW139 Helicopter to the Nigerian Air Force, between March 3 and 13, 2025, made it clear that his administration was committed to the peace, security, and safety of oil facilities in the State.

“He often recalled his pivotal role as a member of the Presidential Committee on the Protection of Oil Installations in the Region, and repeatedly emphasized the need to protect oil pipelines and other facilities in the State, urging his supporters and the people of the State to avoid acts capable of destabilising the state or sabotaging the nation’s economy.

“Since inception as the Chief Executive of Rivers State, Governor Fubara has prioritized investment in upscaling the welfare and operational equipment of all personnel and arms of the Armed Forces and security agencies in the State by building livable office and residential accommodation for officers and men and donating vehicles, gunboats, helicopters, and other critical needs of the formations to enhance efficiency and effectiveness in the performance of their duties.

“His commitment to total peace and good governance in the State has contributed significantly to increased oil production and revenues for the country since May 29, 2023, as the continuous rise in the accruable revenue from the State into the Federation Account has shown over the months.”

The statement said, “It is on record that Governor Fubara acted based on professional advice and guidance.” The statement denied the claim that the governor acted with impunity to demolish the Hallowed Chambers of the State House of Assembly and did nothing to rebuild them 14 months later.

He added, “Let it be clarified that the former Governor and now FCT Minister repeatedly criticised the dilapidated and leaking Assembly Complex. During the commissioning of the Assembly Quarters in August 2022, he challenged the lawmakers to take responsibility for the poor state of the edifice, rejecting requests to rebuild it to ensure a conducive legislative environment for the lawmakers.

“It must be noted that immediately after the incident of October 29, 2023, and experts’ reports, the Government decided to heed the age-old demands of the lawmakers to rebuild the facility and promptly demolished the dilapidated structure to give way to a state-of-the-art Assembly Complex, which is now nearly 80 percent completed.

“It would be recalled that in the wake of the most peaceful and violence-free Local Government election in the State on the 5th October, 2024, the supporters of the FCT Minister violently attacked and razed facilities in some local government council secretariats without any reprisals from Governor Fubara’s supporters.

“It is also pertinent to draw the attention of security agencies to the fact that LGAs where those attacks were unleashed are the same places that have repeatedly witnessed violence perpetrated by detractors of the Governor Fubara-led administration.

“This is why the security agencies need to focus on the real purveyors of violence, critically evaluate these incidents, and diligently undertake investigations to unravel the elements behind the crimes and bring them to justice without let or hindrance.

“It is clearly untrue that somebody who has all the while preached peace and non-violence, even in the face of extreme provocations, would be ‘telegraphing attacks on oil pipelines’ and breaching the peace he has worked so hard to promote and sustain for the good of the people of the State.”

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Madam Beatrice Abiodun Awomosu Thanks God at 80

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By Ruth Udeme

Joy indescribable, was written all over the face of Madam Beatrice Awomosu, when close family members and friends gathered in Ibadan, Oyo state to celebrate her entry into the octogenarian club.

The elegant matriarch, who is the mother of the stylish CEO of Jummhy Exclusive Fabrics, Mrs Jumoke Oyeneyin, marked her special 80th birthday in the house of the Lord, a recognition of His grace and divine mercies in her life over the years.

The thanksgiving service, which was held at Christ The Good Shepherd Catholic Church, Ibadan was a glorious outpouring of hymns, songs, praises and prayers all the way.

The officiating minister, who delivered the sermon, described the celebrator as an unwearied leader in the vineyard of the Lord, praying that God will shower her with excellent health and keep her alive to continue enjoying her children and grand children.

In her remarks, during the ceremony, her elated daughter, Mrs Jumoke Oyeneyin, who was filled with happiness that her mother was healthy and strong at 80, also noted that the hand of God was indeed upon the family.

The lively service was soon concluded after which guests moved to the Sunlight Royal Event Center, in the heart of Ibadan, for a classy one-in-town reception.

The venue had been creatively transformed by the inimitable Finesse Events who planned the event. Guests were pampered like royals, Choice drinks and gourmet dishes of various kinds flowed freely.

The ceremony was compered by Gbenga Adeyinka 1st, and had excellent music contents from great performers such as Beejay Sax, King Sunny Ade and Aristos Band.

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Senate Approves Tinubu’s ₦1.77trn Loan Request

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The Senate has granted approval to the ₦1.77 trillion ($2.2b) loan request of President Bola Tinubu after a voice vote in favor of the request.

The Senate presided by Deputy Senate President, Barau Jibrin, approved the loan after the Senate Committee on Local and Foreign Debts chaired by Senator Wammako Magatarkada (APC, Sokoto North) presented the report of the committee.

The request which was submitted by the President on Tuesday is part of a fresh external borrowing plan to partially finance the N9.7 trillion budget deficit for the 2024 fiscal year.

Tinubu had on Tuesday written to the National Assembly, seeking approval of a fresh N1.767 trillion, the equivalent of $2.209 billion as a new external borrowing plan in the 2024 Appropriation Act.

The fresh loan is expected to stretch the amount spent on debt servicing by the Federal Government. The Central Bank of Nigeria recently said that it cost the Federal Government $3.58 billion to service foreign debt in the first nine months of 2024.

The CBN report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56bn spent during the same period in 2023.

According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.37m, the highest monthly expenditure in 2023 was $641.70m, recorded in July.

The trend in foreign debt servicing by the CBN highlights the rising cost of debt obligations by Nigeria.

Further breakdown of international debt figures showed that in January 2024, debt servicing costs surged by 398.89 per cent, rising to $560.52m from $112.35m in January 2023. February, however, saw a slight decline of 1.84 per cent, with payments reducing from $288.54m in 2023 to $283.22m in 2024.

March recorded a 31.04 per cent drop in payments, falling to $276.17m from $400.47m in the same period last year. April saw a significant rise of 131.77 per cent, with $215.20m paid in 2024 compared to $92.85m in 2023.

The highest debt servicing payment occurred in May 2024, when $854.37m was spent, reflecting a 286.52 per cent increase compared to $221.05m in May 2023. June, on the other hand, saw a 6.51 per cent decline, with $50.82m paid in 2024, down from $54.36m in 2023.

July 2024 recorded a 15.48 per cent reduction, with payments dropping to $542.50m from $641.70m in July 2023. In August, there was another decline of 9.69 per cent, as $279.95m was paid compared to $309.96m in 2023. However, September 2024 saw a 17.49 per cent increase, with payments rising to $515.81m from $439.06m in the same month last year.

Given rising exchange rates, the data raises concerns about the growing pressure of Nigeria’s foreign debt obligations.

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