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Why I excel in the economy more than Atiku and Obi – Tinubu

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The presidential candidate of the All Progressives Congress, Asiwaju Bola Tinubu, and his running mate, Senator Kashim Shettima, on Tuesday, took a swipe at the presidential candidates of the Peoples Democratic Party, Atiku Abubakar and the Labour Party, Peter Obi, whom they said lacked the antecedent and experience to lead the country.....KINDLY READ THE FULL STORY HERE▶

The duo spoke while presenting his action plan before the business community and the organised private sector in Lagos on Tuesday.

The business community was fully represented by the President of Dangote Group, Aliko Dangote; Chairman of Zenith Bank, Jim Ovia; the Chairman of UBA, Tony Elumelu; former Chief Executive of Access Bank, Aigboje Aig-Imoukhuede; Group Chief Executive of Access Bank, Herbert Wigwe, and other business leaders representing sectoral groups such as agriculture, oil and gas, trade, manufacturing, creative sector, among others.

The town hall session was attended by the APC vice presidential candidate, Senator Kashim Shettima; Governors Babajide Sanwo-Olu (Lagos); Simon Lalong (Plateau); Atiku Bagudu (Kebbi); Abdulrahman Abdulrasaq (Kwara), Abubakar Badaru (Jigawa); Dapo Abiodun (Ogun); Adegboyega Oyetola (Osun); Nasir El-Rufai (Kaduna); and Abdullahi Ganduje (Kano) as well as other APC leaders and chieftains

Speaking at the meeting, the former governor of Lagos said if elected president in 2023, his administration will hit a double-figure gross domestic product.

According to a statement by the Tinubu Media Office, signed by Tunde Rahman, the presidential candidate said attaining the feat was possible having achieved similar economic success when he governed Lagos State.

He called for the support of the Lagos business community, stating that such was needed for a viable economy.

He said, “Nigeria stands at the threshold between indifference and greatness, prosperity and poverty, the future and the past. The door is ajar. Together, let us open it so that we may cross over to the better side and secure for this beloved nation its finer destiny.

“The productive and beneficial things we seek do not lie in the sole domain of one sector. They reside in the cooperation between the government and the private sector. I see no conflict between the business community and the government. Yet, with equal conviction, I believe the private sector and government should constantly be at war.

“But they wage this battle, not as enemies. They must stand as inseparable allies combating the mutual enemies of scarcity, underdevelopment, joblessness and the fear these bad things breed.

“The pragmatic problem solving and teamwork that improved Lagos, I want to bring to this nation. I ask your help as the task ahead is doable but also difficult.”

Also, Tinubu and Shettima took a swipe at the presidential candidates of the Peoples Democratic Party, Atiku Abubakar and the Labour Party, Peter Obi, whom they said lacked the antecedent and experience to lead the country.

He said, “Democracy doesn’t mean that everything is going to be perfect but on the higher percentage, perfection is achieved at the right at which we work for the highest population of the country or the environment, local governments would continue to see what constitutionally can be done to strengthen the local governments.

“Then we will look at the qualifications and achievements of an individual during the processes, but don’t forget, we are in a multi-party democracy so we will have those mistakes once the wrong party gets in and you have one of the candidates who wants to be a president who is fond of saying ‘when you do the right thing.’ How to solve his problem is by when we do the right. What is the right thing? They fool you with foolish statistics and lies. Don’t get me into the mood of campaign.

In his remarks, Shettima said, “This man seated here is one of the most demonised Nigerians but take it from me, the true hallmark of leadership is not the ability to carry a bag of cement. We are not preparing for the Olympics, but an institution that relies on a field of ideas and tracks records and shows me, I dare to challenge you, show me among the people vying for the presidency of this country who has the experience, track record and of course, who has the intellect to catapult this nation to a higher pedestal.

“Leadership goes beyond glamourising poverty. We won’t glamourise poverty, we tackle poverty. I won’t tell you I have two pairs of shoes or I have a single wristwatch. Leadership goes beyond spewing dubious statistics or showcasing a mediocre performance as the governor of Anambra State. I respect Atiku Abubakar, but leadership goes beyond high-scale antics. A man who can’t unite his party, I wonder how he can unite a country.

“We are talking about artificial intelligence or big data or nanotechnology, but the training that an elder statesman got from Kano School of Hygiene was that of wole wole. The ability to sell bottled water doesn’t make one an expert on the economy. My parting shot is that Atiku Abubakar is not Abraham Lincoln; he is Ralia Odinga and come May next year, we are going to permanently retire the political tourists to Dubai.”

Tinubu also noted that there is a need for the government to cooperate with the organised private sector to revive the industry sector and tackle other forms of underdevelopment.

He added, “There is a need to revive our industries, create minor and major industrial zones to make it grow from top to bottom, foster productive excellence in light manufacturing and digital economy.

“There is no industrialisation that is possible without a constant supply of power and power is the most important discovery of humanity in the last 1,000 years. If you have an answer contrary to that, show me. We have wind, water, and all sorts of energy sources that we can explore and you will discover that we need long-term funding.”

However, the Chief Spokesperson of the Labour Party Presidential Campaign Council, Dr Yunusa Tanko, expressed disappointment at the statements credited to both Tinubu and his running mate.

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Tragedy in Custody: Nigerian Air Force Investigates Mysterious Death of Detained Officer

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The Nigerian Air Force (NAF) has launched an investigation into the death of Corporal A. S. Wulumba, a personnel attached to its Bauchi Command, who reportedly died while being held in a guardroom after arriving late for duty.....KINDLY READ THE FULL STORY HERE▶

According to reports, Wulumba had informed his sister, Numdarai Wulumba, on May 4, 2025, that he had been detained. She said he had arrived late to his post due to health-related issues, but his explanation was allegedly disregarded by his commanding officer, who ordered his confinement.

“Under military regulations, detention for minor offences such as lateness should not exceed 24 hours. If necessary, he should have faced a court-martial—not indefinite detention. Now he’s dead,” she lamented.

Responding to the incident on Tuesday, NAF spokesperson Air Commodore Ehimen Ejodame expressed sorrow over the loss.

“The NAF deeply regrets to confirm the unfortunate death of Corporal A. S. Wulumba. Our thoughts and condolences go out to his family, colleagues, and friends during this painful time,” he stated.

He added that a board of inquiry had been established to thoroughly investigate the circumstances leading to Wulumba’s death.

“As part of our standard protocol, an inquiry is underway to determine exactly what happened. The Nigerian Air Force remains fully committed to the welfare of its personnel and to upholding accountability and transparency,” Ejodame assured.

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Crude Oil Prices Drop To $65 — Lowest Level Since 2021

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Crude oil prices experienced a sharp decline this week, dropping to $65 per barrel — a level not seen since 2021. This downturn follows a combination of geopolitical and market factors, including new U.S. import tariffs and an unexpected supply increase from the OPEC+ alliance.....KINDLY READ THE FULL STORY HERE▶

Last week, prices had seen a brief uptick after U.S. President Donald Trump imposed tariffs on countries importing oil from Venezuela. However, that gain was short-lived. By Friday, Brent crude fell below $65 per barrel, a price point last recorded in August 2021.

As reported by Oilprice.com, the slump was triggered by a triple impact: the U.S. tariffs, OPEC+ accelerating the rollback of production cuts, and China’s retaliatory trade measures. The global benchmark for oil dropped by $10 per barrel due to these developments.

U.S. West Texas Intermediate (WTI) crude also took a hit, closing at $61.99 — down by $4.96 or 7.4%.

“With market backwardation showing little change from earlier in the week, it’s likely the U.S. tariffs were the primary driver of this price decline,” Oilprice.com noted. “Nonetheless, this week marks a significant downturn in global oil market history.”

In a further escalation of trade tensions, China — the world’s largest oil importer — announced plans to impose a 34% tariff on all U.S. goods starting April 10. This move has intensified fears of a global economic slowdown, pushing investors to brace for a potential recession.

In addition to the trade friction, OPEC+ contributed to market pressure by announcing it would accelerate its production increase. The group now plans to add 411,000 barrels per day to the market in May — a significant jump from the previously scheduled 135,000 bpd.

These combined actions have triggered volatility in the energy markets, with industry analysts closely watching how global supply-demand dynamics and geopolitical tensions will evolve in the coming weeks.

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Multiple Accidents Trigger Major Traffic Gridlock On Apapa-Oshodi Expressway

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A serious traffic disruption occurred on Saturday along the Apapa-Oshodi Expressway following a multiple-vehicle accident at the Cele Bus Stop axis. The incident involved a container-laden truck that toppled onto its side, colliding with seven other vehicles.....KINDLY READ THE FULL STORY HERE▶

According to an official update shared by the Lagos State Traffic Management Authority (LASTMA) via its X (formerly Twitter) account, emergency response teams were promptly deployed to the scene and are actively managing the situation.

The statement reads:
“A multiple-vehicle accident occurred at Cele along the Apapa-Oshodi Expressway, involving a container-laden truck and seven other vehicles. Emergency responders are already on the scene, attending to victims, while our personnel are working to manage the resulting traffic congestion.”

LASTMA further reported that the accident has led to extensive traffic delays, with the gridlock stretching back to Ijesha and spilling over into surrounding areas.

“Traffic backlog has extended to Ijesha and is currently spreading,” the agency noted.

Authorities continue to urge motorists to exercise caution and consider alternative routes while rescue and traffic management efforts are ongoing.

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