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Tag: President Bola Tinubu

President Tinubu to reduce inflation to 15% by 2025
News

Tinubu strengthens NCDMB with four new appointments

President Bola Tinubu has approved the appointment of four new members to the Governing Council of the Nigerian Content Development and Monitoring Board. This decision aims to fill existing vacancies and enhance the board’s capacity to promote local content in Nigeria’s oil and gas industry. The announcement was made in a statement on Thursday by […]

News

Tinubu nominates Melvin Ayogu to CBN board, seeks confirmation

President Bola Tinubu has formally nominated Professor Melvin D. Ayogu for appointment to the Board of Directors of the Central Bank of Nigeria and has requested the Senate’s confirmation of this appointment. This was disclosed in a statement by the Special Adviser to Tinubu on Information and Strategy, Bayo Onanuga, in a statement on Wednesday […]

News

Tinubu appoints Shamsedeen Ogunjimi as new accountant-general

President Bola Tinubu has appointed Shamsedeen Babatunde Ogunjimi as the new Accountant-General of the Federation, effective March 7, 2025. His appointment follows a rigorous selection process, and he will replace Oluwatoyin Madehin, who is set to retire. This was disclosed in a statement on Tuesday by the president’s Special Adviser on Information and Strategy, Bayo […]

News

Tinubu promises investors business-friendly policies in oil, gas industry

President Tinubu has pledged to eliminate obstacles hindering investment and operations in Nigeria’s oil and gas sector. Speaking at the 8th Nigeria International Energy Summit in Abuja, themed “Bridging Continents: Connecting Investors Worldwide with Africa’s Energy Potential,” he assured investors of attractive fiscal policies and business-friendly regulations to enhance the industry’s growth. Represented by the […]

Cut corporate tax to 7.5%, NACCIMA urges Tinubu
News

Tinubu backs digital economy for youth empowerment, job creation

President Bola Tinubu has reaffirmed his administration’s commitment to developing Nigeria’s digital economy, emphasizing its importance for youth empowerment and job creation. President Tinubu made the commitment on Monday at the State House, Abuja, while receiving a report titled “Digital Economy, Youth Empowerment, and Sustainable Job Creation in Nigeria: Issues, Challenges, and Opportunities,” presented by […]

News

Tinubu praised for efforts in advancing AfCFTA

President Bola Tinubu was commended at the 8th African Union Summit for successfully implementing the African Continental Free Trade Area Digital Trade Protocol, which aims to simplify digital transactions and strengthen economic integration across Africa. A statement from the Ministry of Trade and Industry revealed that former President of Niger, Mahamadou Issoufou, praised President Tinubu’s […]

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$3.25bn foreign investment to power 23m people – Tinubu

President Bola Tinubu has announced that Nigeria is securing over $3.25 billion in foreign investment to ensure a reliable power supply for 23.7 million people. He emphasized the country’s commitment to providing electricity to even the most remote and hard-to-reach communities, aiming for greater energy equity across the nation. President Bola Tinubu made this statement […]

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Tinubu vows expansion, fast-track of universal energy access for Nigerians

President Bola Ahmed Tinubu reaffirmed Nigeria’s commitment to achieving universal energy access by 2030, emphasizing the government’s goal of having renewable energy make up 50% of the national energy mix. He made this disclosure during his participation at the Mission 300 Africa Energy Summit in Dar es Salaam, Tanzania, on Tuesday. Speaking on Nigeria’s energy […]

News

Tinubu hails Warri refinery reopening as key achievement

President Bola Tinubu praised the re-opening of the Warri Refining and Petrochemical Company by NNPC Limited, calling it a remarkable achievement in 2024 that has strengthened Nigerians’ confidence in his administration. This was disclosed in a statement on by the President’s Special Adviser on Information and Strategy, Bayo Onanuga, titled ‘President Tinubu Commends NNPCL Over […]

Tinubu orders NNPC to sell Crude to Dangote in Naira
News

Tinubu eyes N34.8trn revenue in 2025

President Bola Tinubu revealed that his administration is targeting a revenue of ₦34.8 trillion in 2025. He made this disclosure while presenting the 2025 budget to a joint session of the National Assembly on Wednesday. Nigeria’s revenue target for the 2024 budget was ₦18.32 trillion, with ₦9.1 trillion achieved in the first half of the […]

Seplat Energy extends agreement for ExxonMobil acquisition
News

Tinubu to approve Seplat Energy’s $1.28bn acquisition deal of ExxonMobil

President Bola Tinubu has announced that the Seplat Energy Plc’s proposal to acquire all shares of Mobil Producing Nigeria Unlimited for $1.28 billion will get approval in few days. President Tinubu made this disclosure during the 64th anniversary address to the Nation today. The President noted that the Nigerian Upstream Petroleum Regulatory Commission had concluded […]

President Tinubu to reduce inflation to 15% by 2025
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Nigeria clears Ways and Means debt exceeding N30tn – Tinubu

President Bola Tinubu announced that the federal government has cleared its Ways and Means debt, which amounts to over N30 trillion. President Tinubu made this disclosure during the 64th Independence Day address to the Nation today. Thr President said the country is making progress in overcoming fiscal imbalances, including a high debt-to-GDP ratio and a […]