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2023: I’ll Revisit Orosanye Report, Atiku Tells Business Executives in Lagos

Published

3 years ago

November 15, 2022

Eric

Presidential candidate of the Peoples Democratic Party, Atiku Abubakar has made his stand known on a plethora of economic issues Nigeria is currently battling.

The former vice president, who spoke about his recovery plan for Nigeria at the Lagos Business School 2022 Alumni Day which had in attendance business executives, engaged the audience about economic issues, fuel subsidy, foreign exchange policy, debt crisis, power as well as the oil and gas sector.

He also used the platform to pay tribute to the private sector for the successes recorded by the PDP between 1999- 2007.

Atiku, who started his session by giving a brief background with economic gains of the PDP between 1999-2007 including debt cancellation, privatization, banking reforms as well as effective working partnership with the private sector.

On the rising cost of governance, the former VP said he would revisit the Orosanye report and ensure the white paper report is in conformity with the principle of setting up the committee.

He further said his privatization plan is not to render people jobless but to ensure effect governance.

Speaking on fuel subsidy, he noted how the PDP government had phased out subsidy in batches, saying: “I was the chairman for the removal of fuel subsidy committee and I recall how we removed the phase 1 and phase 2 of fuel subsidy. I will continue from were we stopped, remove fuel subsidy totally and channel the subsidy funds back to the economy. In other words, it’s just a fraud.”

He described Nigeria’s debt situation as a mess, saying he would fix it if he is elected president.

His words: “If you are talking about foreign debt, we have done it before, I will engage our creditors and ask for debt forgiveness or cancellation like we did before. Coming to local debt, if we stabilize the economy, we will borrow less, propose a flexible payment plan.

“Again, I want you to compare our records with the current government and you can see who did well economically.”

The former vice president stated that he will reform the oil and gas sector by ensuring the right investors are engaged such that Nigeria’s crude production increases while ensuring the privatization of the three refineries in the country.

According to him, with such policies in place, it will ultimately make Nigeria an oil production hub.

He equally vowed to ensure proper funding for public education, arguing that it should be enjoyed by children of the poor for free.

He also promised to reposition the UBE set up in 1999 to its main purpose which is to reduce out of school children in the country.

When asked to comment on the autonomy of the CBN, Atiku said the current managers of the apex bank are taking a cue from the current administration ”which lacks direction.”

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Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

Published

10 hours ago

December 18, 2025

Eric

Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles.

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

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Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

Published

10 hours ago

December 18, 2025

Eric

Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.

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Corruption Allegations: NMDPRA Boss Farouk Ahmed Meets Tinubu, Resigns

Published

24 hours ago

December 17, 2025

Eric

The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has resigned following a meeting with President Bola Tinubu amid corruption allegations.

Tinubu, on Wednesday, summoned Ahmed to the Presidential Villa in Abuja, following allegations of economic sabotage and corruption.

Also caught in the web of resignation was the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, according to a statement on Wednesday by Bayo Onanuga, special adviser to the president on information and strategy.

Tinubu was said to have nominated successors to the senate for approval.

“Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),” the statement reads.

“The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC.

“Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).

“To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.”

Onanuga said the two nominees are seasoned professionals in the oil and gas industry.