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Tinubu’s Economic Team’s Flawed, Say Experts

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Some economic experts have picked holes in the composition of the economic team set up by President Bola Tinubu, describing it as flawed.

Tinubu, on Wednesday, approved the establishment of the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET) to tackle the prevailing economic challenges in the country.

The PECC is made up of President Bola Tinubu as Chairman and Vice President Kashim Shettima as Vice Chairman.

Other members are, President of the Nigerian Senate, Chairman, Nigeria Governors’ Forum, Coordinating Minister for the Economy and Minister of Finance, Governor of the Central Bank of Nigeria and other relevant Ministers.

The council will also have some members of the organized private sector, joining for a period not exceeding one (1) year, subject to the President’s directive

They are Alhaji Aliko Dangote, Mr. Tony Elumelu, Alhaji Abdulsamad Rabiu, Ms. Amina Maina, Mr. Begun Ajayi-Kadir among others.

But economic experts who spoke with Daily Trust on Thursday said the composition was flawed, saying it was composed of stakeholders with vested interests.

A Professor of Economics and the Director, Centre for Economic Policy Analysis and Research, at the University of Lagos, Ndubisi Nwokoma, argued that a professional body such as the Nigeria Economic Society would have made a greater impact in the committee.

He said: “The composition of that team is somewhat flawed because these are stakeholders who all have interest in the economy. If you bring in people who have interest, they would protect their own interest; they would protect their own businesses.

“They would be thinking of policies that actually would favour them, nobody would go into a discussion that would work against him.

“I think bringing professional bodies like the Nigerian Economic Society, these are purely intellectuals, people that don’t have any stake who are not business men, who are just looking at the contextual issues and looking at the direction of government and find out where the government ought to take the economy to and what should be done to get there.”

He expressed concern that the country’s economy has been consumption based, saying: “In terms of where the economy should go, I think fundamentally we have gotten it wrong as a country, I think we need to look at the fundamental issues in terms of the structure of the economy.”

Also speaking, Professor Adeola Adenikinju of the Department of Economics, University of Ibadan and Vice President of the Nigerian Economic Society (NES) while hailing the composition of the committee as timely, however raised issues with its composition.

According to him, the committee is composed of largely government assisted people, who are going to benefit from the expected policies they are coming up with.

“Every government needs to have a body of experts to advise them on the efficacy of policies put in place and what are the new policies to ensure the economy works better.

“In terms of the composition, the intellectuals, the experts who are working in this area are not there. What you see are largely government assisted people who are interested in one contract or the other. So they are not going to be neutral in terms of the advice they are going to give. There is a likelihood that they would want to protect their interest. You don’t have lecturers; you don’t have the Nigerian Economic Society, who are on the intellectual side of the society,” he submitted.

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Glo Extends “Borrow Me Credit” Services for Customer Inclusion

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National telecommunications operator, Globacom has extended its “Borrow Me Credit” service in a calculated move meant to guarantee that none of its customers will ever be disconnected because of a low or zero airtime balance.

According to a statement released by Globacom in Lagos, the service’s eligibility requirements have been simplified to offer millions of active prepaid consumers nationwide quick airtime and data solutions. The company made it clear that even though there is a service fee, the main objective is still to provide instant assistance whenever the customer’s balance is low.

The enhanced “Borrow Me Credit” service also allows subscribers to “Borrow Special Data “and additionally “Borrow Airtime/Data for Others”. This allows Glo customers to act as a lifeline for friends and family members who may be out of reach or unable to recharge immediately, further strengthening the bonds of the Glo community through shared connectivity.

“Whether it is an urgent business call, a late-night research project, or staying in touch with loved ones during an emergency, Glo’s “Borrow Me Credit” ensures that a low balance never results in a zero-communication experience,” the company hinted.

The service caters to a wide range of customer needs, with airtime and data denominations available from as low as N25 up to N4,000, ensuring flexible options for different usage requirements.

Globacom added that the structure of the service is designed to ensure higher borrowing limits to customers with stronger usage profile and greater engagement on the network.

By maintaining a consistent presence on the network, prepaid customers unlock various tiers of credit and data, ranging from basic emergency airtime to substantial Data Plans “Borrow Me Credit” ensures that the service is sustainable and provides the most frequent users with higher limits to match their digital lifestyle.

All eligible Glo prepaid customers are encouraged to explore the benefits of the “Borrow Me Credit” service by simply dialing *303# and choosing from the available airtime or data options. Customers can also visit the official Globacom website for more information regarding eligibility criteria and the service charge policy.

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Bandits Invade Kwara Community, Abduct Scores, Set Emir’s Palace Ablaze

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Suspected bandits have reportedly invaded the Yashikira community in Baruten Local Government Area of Kwara State, early this morning, setting the Emir’s palace ablaze and abducting several residents, including women and children.

It was gathered that the attack occurred late at night when the heavily armed assailants stormed the community, firing sporadically.

According to sources in the area, the gunmen attacked the palace during the invasion, setting parts of the royal residence on fire before whisking away multiple victims.

Residents said the attackers operated for hours without resistance, leaving behind destruction and fear in the border community.

Another local source described the incident as terrifying, noting that villagers were caught unaware as the gunmen invaded the town under the cover of darkness.

Sources say Security forces have launched immediate rescue operations to free victims of the Yashikira abduction, which occurred on Sunday night.

Military and police operatives have established a cordon in the area as part of the efforts to rescue about 10 persons who were reportedly taken from the community in an overnight attack on the palace of the Emir of Yashikira.

The police are yet to issue an official statement on the incident.

The development comes after bandits on Saturday night invaded a prayer ground at Ori-Oke Ajaiye, on the outskirts of Ikiran village in Ekiti Local Government Area of Kwara State, killing three worshippers and abducting 15 others during a vigil.

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Glo Celebrates Oba Adetona’s Legacies at Ojude Oba 2026

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Africa’s biggest corporate supporter of culture, Globacom, is commemorating the life and legacy of the late Awujale of Ijebuland, Oba Sikiru Kayode Adetona, at this year’s Ojude Oba Festival, marking the 21st consecutive year of its sponsorship of the cultural event.

This year’s edition, themed “Ojude Oba 2026: Celebrating the Legacy of Oba Sikiru Adetona,” is taking place at the Festival Pavilion opposite the royal palace in Ijebu Ode, Ogun State.

The celebration pays glowing tribute to the remarkable accomplishments of the late monarch, who transited on Sunday, July 13, 2025, after an illustrious reign spanning 65 years.

The departed monarch ascended the throne on April 2, 1960, and during his reign, the profile and prestige of the Ojude Oba Festival grew tremendously, making it one of Africa’s most celebrated cultural events.

In a statement issued in Lagos, Globacom posited that Oba Adetona’s unwavering dedication to preserving and promoting Ijebu culture, traditions, and values was a major factor behind the company’s continued support for the festival.

According to the company, “This year’s celebration goes beyond our traditional role as sponsor over the past two decades. It is an opportunity to honour the exceptional legacy of the revered monarch, Oba Adetona, whose vision and commitment elevated Ojude Oba to its present status.”

Globacom recalled that the late Awujale played a pivotal role in transforming the festival into a unifying platform that brought together Ijebu sons and daughters from across the world, regardless of religious affiliation.

This inclusive vision and royal leadership, said Glo,  inspired the company to begin sponsoring the festival 21 years ago. Over the years of Globacom’s sponsorship, Ojude Oba has evolved into a globally recognized cultural celebration, attracting thousands of visitors and dignitaries from within and outside Nigeria.

The company reaffirmed its commitment to sustaining its support for the festival as part of its broader objective of showcasing Nigeria’s rich cultural heritage to the world.

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