Category: Economy

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Tinubu Launches Renewed Hope Agricultural Mechanization Programme: A New Era for Nigerian Agriculture”

“Tinubu Launches Renewed Hope Agricultural Mechanization Programme: A New Era for Nigerian Agriculture”

President Bola Tinubu has launched the Renewed Hope Agricultural Mechanization Programme in Abuja, deploying 2,000 tractors and 9,072 specialized farming implements to boost Nigeria’s agricultural sector. This initiative aims to [1]:

  • Programme Objectives:
    • Food Security: Enhance productivity and ensure national food security
    • Job Creation: Create hundreds of thousands of agro-based jobs
    • Agricultural Development: Expand Nigeria’s food value chain and reduce post-harvest losses
    • Regional Leadership: Position Nigeria as a regional leader in agri-tech and mechanized farming

The equipment launched includes [3]:

  • Tractors:
    • 500 units of 80HP 2-wheel drive tractors
    • 500 units of 80HP 4-wheel drive tractors
    • 500 units of 90HP 2-wheel drive tractors
    • 500 units of 90HP 4-wheel drive tractors
  • Implements:
    • 58 Disc Ploughs
    • 330 Disc Harrows
    • 174 Disc Ridgers
    • 294 Tractor Trailers
    • 84 Seed Drills
    • 64 800L Boom Sprayers
    • 10 Combine Harvesters
    • 2,533 sets of Spare Parts

This programme is expected to bring over 550,000 hectares of farmland into cultivation and produce more than 2 million metric tons of staple food annually. President Tinubu emphasized the importance of efficient deployment and accountability, urging stakeholders to utilize the equipment effectively and make farming more attractive to Nigerian youths [2][4].

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Four Ministers, Kwara Deputy Governor, Senator, Business Moguls Grace NACCIMA Conference in Ilorin.

Four Ministers, Kwara Deputy Governor, Senator, Business Moguls Grace NACCIMA Conference in Ilorin

High-ranking government officials including ministers, legislators, commissioners; business leaders; economic experts; top academics; security commanders; and traditional leaders have converged on the Banquet Hall Ilorin for the 65th Annual General Meeting/Conference and Investiture of NACCIMA.

Prominent personalities present at the Thursday event include: Minister of Industry, Trade, and Investment, Dr. Jumoke Oduwole; Attorney General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN; Minister of Defence, Mohammed Badaru Abubakar; Senator Sadiq Umar; KAM Holdings CEO, Alhaji Kamoru Yusuf; Alhaji Kashim Imam; Kwara State Commissioner of Business, Innovation, and Technology, Damilola Yusuf-Adelodun; among others.

HE President Bola Tinubu (GCFR) is being represented at the high-level event by Minister of State for Industry, Trade, and Investment, Senator John Enoh.

NACCIMA will officially welcome its 23rd President and new members of the exco at the well-attended event today.

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“NACCIMA President, Barr. Dele Oye, delivers remarks at the ongoing 65th NACCIMA AGM Conference

“NACCIMA President, Barr. Dele Oye, delivers remarks at the ongoing 65th NACCIMA AGM Conference, currently taking place at the Banquet Hall in Ilorin.

The high-profile event has drawn prominent attendees, including the Deputy Governor of Kwara State, top government officials such as ministers, legislators, commissioners, and directors, as well as business leaders, esteemed academics, security commanders, traditional leaders, and more. Later today, NACCIMA will officially welcome its 23rd President and new EXCO members at the well-attended event.

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Five Nigerians Sentenced to Nearly 160 Years for $17 Million Global Fraud Scheme

Five Nigerians Sentenced to Nearly 160 Years for $17 Million Global Fraud Scheme

A U.S. federal court has sentenced five Nigerian nationals to nearly 160 years in prison for their roles in a transnational fraud scheme that defrauded victims of approximately $17 million. The sentencing, which took place on June 16, 2025, was announced by the U.S. Attorney’s Office for the Eastern District of Texas following a lengthy investigation under Operation Take Back America.

The fraud network targeted over 100 victims, including individuals, corporations, and government entities across the globe. According to court documents, the scheme operated from 2017 until the defendants’ arrests and employed tactics such as online romance scams, business email compromise, and investor and unemployment insurance fraud. Many victims, including elderly individuals, were left financially devastated.

The convicted individuals include Damilola Kumapayi, 39, sentenced to over 9 years; Sandra Iribhogbe Popnen, 50, sentenced to over 30 years; Edgal Iribhogbe, 51; Chidindu Okeke, 32; and Chiagoziem Okeke, 32 — each sentenced to 40 years. The sentences were handed down by U.S. District Judge Amos L. Mazzant III in Sherman, Texas.

“This syndicate preyed on the vulnerable and exploited trust through elaborate lies,” said FBI Dallas Special Agent in Charge R. Joseph Rothrock. “Their actions robbed victims of life savings.” IRS Criminal Investigation also played a significant role in the probe, with Special Agent Christopher J. Altemus Jr. calling the sentences “a testament to the unwavering resolve” of law enforcement.

The operation involved extensive collaboration between several federal agencies, including the FBI, IRS-Criminal Investigation, Homeland Security Investigations, the U.S. Postal Inspection Service, and the Department of State’s Diplomatic Security Service, among others. Their work uncovered a money laundering network that funneled stolen funds through U.S. banks and transferred proceeds to accounts in Africa and Asia.

Acting U.S. Attorney Jay R. Combs condemned the crimes as “despicable” and vowed continued pursuit of international fraudsters. “These convictions send a clear message: the U.S. justice system will hold accountable those who defraud and exploit,” he said.

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Governor AbdulRazaq flags off NACCIMA’s 65th AGM in Ilorin

Governor AbdulRazaq flags off NACCIMA’s 65th AGM in Ilorin

  • Delegate excited seeing huge steel plant in Kwara
  • As golf tournament, company visits, dinner highlight day one

Kwara State Governor AbdulRahman AbdulRazaq on Tuesday flagged off the 65th Annual General Meeting/Conference of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) in Ilorin.

The event began early in the day with a golf tournament at the Ilorin Golf Club, where Governor AbdulRazaq performed the ceremonial tee-off to the applause of many sports lovers.

Several business leaders, investors, captains of industry, key government officials and policy makers from across different states of the country are participating in the key event that will run till Friday.

The theme of this year’s AGM/Conference is ‘Harnessing private sector potential to achieve one trillion dollar economy by 2030’.

The golf tournament was aimed at promoting harmony, unity, love and brotherhood within the premier association.

The closing ceremony on Tuesday evening attracted prominent personalities such as former Attorney General and Minister of Justice, Chief Bayo Ojo; incoming President of NACCIMA, Alhaji Jani Ibrahim; a retired police chief AIG Tunji Alapini; war veteran General Alabi Isama; among others.

Winners of various categories of the tournament were announced and awarded with mouthwatering prizes. Notable are Pro Oluwanishola Ologun (professional category), Golfer Elijah Obioma (ladies category), Lady Captain L.K Jimoh (veteran category). There were also consolation prizes for many other participants.

Earlier in the day, NACCIMA delegates visited four major companies in the state as part of activities marking the first day of the 65th AGM/Conference.

The companies included Kam Steel Integrated Company Limited in Jimba-Oja; TASCON Plastic Industries Limited in Ganmo; International Tobacco Company in Ilorin; and the state-owned Sugar Film Factory Studio, Ilorin.

Delegates were conducted round various sections of each of the companies.

At Kam Steel, the visitors from different parts of the country were in awe of the expansive facility contributing to socioeconomic development in the country.

Speaking on the sidelines of the visit, National Vice President of NACCIMA, Ms Patricia Idiakhoa, said she feels happy to see that a huge steel plant such as Kam Steel is operating in Kwara State, adding that it is noteworthy that they source their raw materials locally.

“It makes us happy. I’m glad that we have such a huge steel company in Kwara State,” she noted.

At the International Tobacco Company, the NACCIMA delegates received a red carpet and warm welcome. They were later shown around the huge facility by its officials.

A royal touch was added to the event as the Ciroma of Ilorin Emirate, Alhaji Abubakar Sulu-Gambari, joined NACCIMA delegates at the ITC amid pomp and pageantry.

Managing Director of the Sugar Film Factory Studio, Mr. Gbenga Titiloye, led delegates to different sections of the studio, while speaking to their operations since establishment under the administration of Governor AbdulRazaq.

For his part, TASCON’s Head of Operations, Mr. Oladimeji Ajado, said it’s a great privilege to have delegates of NACCIMA visit their company.

“Before now, we have had KWACCIMA, CONSCCIMA. This is like the climax for us. We are delighted to host NACCIMA. Our doors are always open to them. We will like to host them more and more,” Ajado said.

The NACCIMA AGM/Conference will be featuring a chain of interesting activities including cultural night, investiture dinner, annual general meeting, exco meeting, conference, among others, for the next few days.

The event is a platform for networking, business discussions, and critical deliberations that will shape the future of industry and commerce in Nigeria.

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Emefiele Granted ₦2 Billion Bail

Emefiele Granted ₦2 Billion Bail

Godwin Emefiele, a former governor of the Central Bank of Nigeria, CBN, was granted ₦2 billion in bail on Monday by a Federal High Court judge sitting in Abuja.

The eight-count charge against Emefiele included allegedly stealing and seizing billions of naira from proxy accounts, as well as illegally obtaining a housing estate with 753 units.

In his ruling, Justice Halilu Yusuf stated that Emefiele had been granted bail in three other criminal cases that were still pending against him and that there was no evidence that he had jumped bail.

Following that, the judge gave Emefiele bail, but only if he could produce two sureties who were the owners of Asokoro, Maitama, or Wuse 2 property that was under the court’s jurisdiction and had a minimum value of ₦2 billion.

He also told Emefiele to turn in his travel documents to the court and that he would be remanded in custody if he didn’t complete the bail by Wednesday.

Emefiele attorney, Matthew Burkaa, filed the bail application, which was granted.

Prosecutor Rotimi Oyedepo did not raise any objections, but he did ask the court to impose special requirements that were different from what the other courts had previously granted.

Credit: The Guardian

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Hon. Justice S.O. Muhammad Declares Support for World Youth Skills Day Celebration by Handskills Entrepreneurship Initiative for Community Development

Hon. Justice S.O. Muhammad Declares Support for World Youth Skills Day Celebration by Handskills Entrepreneurship Initiative for Community Development

Retired Hon. Justice S.O. Muhammad, a renowned patron of Handskills Entrepreneurship Initiative for Community Development, has pledged his support for the organization’s upcoming World Youth Skills Day Celebration. The declaration was made during a meeting with the organization’s executive members, where they discussed the progress of the organization and the upcoming event.

Mrs. Bamidele Blessing, Vice President of the organization, presented a comprehensive report on the organization’s activities over the past three months. She highlighted the organization’s achievements, challenges, and future plans, and also briefed the patron about the upcoming World Youth Skills Day Celebration.

Comr. Sulaiman Abdulfatai, President of the organization, elaborated on the event’s objectives, theme, and planned activities. He requested the patron’s support for the event, citing the importance of collaboration and partnership in promoting youth entrepreneurship and skills development in the state.

In his response, Hon. Justice S.O. Muhammad commended the organization’s efforts in promoting youth entrepreneurship and skills development. He expressed delight at the organization’s progress and praised the executive members for their dedication and hard work.

The patron also wished himself a happy advanced birthday, as he would be celebrating his birthday on July 12, 2025. He thanked the organization for the gesture and prayed for God’s continued guidance and protection.

In declaring his support for the organization, Hon. Justice S.O. Muhammad stated: “I’m going to support you in areas that fit or are within my ability. I believe in the work you’re doing, and I’m committed to seeing you succeed.”

The organization’s executive members left the meeting feeling encouraged and motivated, knowing that they have the patron’s support and backing. They are confident that with Hon. Justice S.O. Muhammad’s support, they can make the World Youth Skills Day Celebration a success and create a lasting impact on the lives of young people in the state.

The event promises to be a grand affair, featuring a range of activities, including a road show, exhibition, medical check-ups, lectures, and celebration. The organization has planned the event to promote handskills and youth empowerment, and to provide a platform for young people to showcase their talents and skills.

With the patron’s support, the organization is poised to make a significant impact in the lives of young people in the state. The event is expected to attract a large number of participants, including young people, artisans, and stakeholders in the education and skills development sector.

By working together, the organization and its partners can create a brighter future for young people in the state and promote economic growth and development. The World Youth Skills Day Celebration is a testament to the organization’s commitment to promoting youth entrepreneurship and skills development, and its impact will be felt for years to come.

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If U.S eventually bans Us from traveling to their country, We should also ban them too – Sen Sheu Sani

If U.S eventually bans Us from traveling to their country, We should also ban them too – Sen Sheu Sani

Amid rising diplomatic tensions following a U.S. travel ban targeting 12 countries, mostly in Africa and the Middle East, announced by President Donald Trump, Nigerian Senator Shehu Sani has called for national dignity over reliance on foreign acceptance. Though Nigeria is not currently included in the ban, Sani’s remarks on X have sparked a heated debate about the country’s global standing and the value of local life.

In a post at 08:59 UTC, Sani stated, “The US should not ban Nigerians from traveling to their country. There is no reason to do that. We don’t fall into the category of those countries they consider as threats.” He suggested a reciprocal ban if the U.S. proceeds, adding, “However, there are those of us who appreciate the peace and dignity of our villages and mud houses than going to live in places where we are not welcomed.”

See the screenshot of his post below:

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The Notion of Democracy vs. Enslavement in Nigerian Governance

The Notion of Democracy vs. Enslavement in Nigerian Governance

The Nigerian political system has long been touted as a democracy, with all the trappings of democratic governance, including elections, a constitution, and institutions designed to represent the will of the people. However, a closer examination of the system reveals a stark contrast between the ideals of democracy and the harsh realities of governance.

In reality, the system practiced in Nigeria seems to be a government of the rich, by the rich, and for the rich. The wealthy and powerful wield significant influence over policy-making and resource allocation, often to the detriment of the masses. This has created a culture of dependency and patronage, where citizens are forced to rely on the benevolence of those in power rather than demanding their rights as citizens.

One of the most insidious aspects of this system is the use of token handouts and gestures to create an illusion of care and concern for the populace. Politicians often employ these tactics to garner support and maintain control, but they rarely translate into meaningful empowerment or systemic change. Instead, they serve to pacify the masses and maintain the status quo.

The token beneficiaries of these gestures are often co-opted into the system, becoming unwitting participants in their own oppression. They may be used to mobilize support for the ruling elite, suppress dissent, or legitimize policies that further entrench inequality. This creates a vicious cycle of dependency, where citizens are conditioned to rely on handouts rather than demanding their rights.

To break free from this cycle, Nigerians must demand more from their leaders. This includes pushing for policies that promote economic empowerment, social justice, and genuine citizen participation in governance. It also requires a shift in mindset, where citizens recognize their own agency and power to effect change.

Some potential solutions include:

  • Increased transparency and accountability in government spending and decision-making
  • Strengthening institutions that support democracy, such as an independent judiciary and free press
  • Promoting civic education and critical thinking to empower citizens
  • Encouraging citizen participation in governance through town hall meetings, public consultations, and other mechanisms
  • Fostering a culture of activism and advocacy for social justice and human rights

By working together to address these challenges, Nigerians can build a more just and equitable society that truly serves the needs of all its citizens.

The question remains, however, whether the current system can be reformed or if a more fundamental transformation is needed. Can the existing power structures be persuaded to relinquish their grip on power and resources, or will it take a grassroots movement to effect change? Whatever the answer, one thing is clear: the status quo is unsustainable, and Nigerians deserve better.

In conclusion, the Nigerian political system is a complex web of power dynamics, patronage, and tokenism. While it may masquerade as democracy, the reality is far from it. To create a truly democratic system, Nigerians must demand more from their leaders and work towards a more just and equitable society. The time for change is now.

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Democracy or Enslavement: The Nigerian Paradox”- Comr. Sulaiman A. O.

“Nigerian politician often adopt an enslavement system of governance, masquerading it under the guise of democracy.

True democracy is a government of the people, by the people, and for the people. In contrast, the system practiced here seems to be a government of the rich, by the rich, and for the rich. These politicians might offer token handouts to certain citizens, creating an illusion of care and concern.

However, this façade crumbles when one tries to bridge the gap between the empowered and the powerful. The token beneficiaries are often used to mobilize support and suppress dissent, rather than genuinely uplifting the masses.”