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Buhari’s Former Aide Reacts As Otti Secures $125 Million Loan From Islamic Bank
Buhari’s Former Aide Reacts As Otti Secures $125 Million Loan From Islamic Bank....KINDLY READ THE FULL STORY HERE▶
Bashir Ahmad, a former aide to ex-President Muhammadu Buhari, has praised Governor Alex Otti of Abia State for securing a $125 million loan from the Islamic Development Bank (IDB) to fund capital projects in the state……CONTINUE READING
In a statement shared via his official X handle on Wednesday, Ahmad applauded the Abia governor’s decision to obtain the project loan from the international bank, describing it as a prudent move.
Ahmad highlighted the benefits of utilizing Islamic finance, emphasizing its alignment with the ethical guidelines of Islam, which view money as a medium of exchange rather than a commodity for generating income through interest. He pointed out that Islamic banking’s interest-free nature eliminates the burden of interest, thereby facilitating direct contributions to economic activities and development.
He further explained that Islamic finance promotes partnership and risk-sharing, fostering a sense of mutual responsibility and ethical investment. In the context of Abia State, Ahmad noted that utilizing Islamic finance could enable the state to execute vital capital projects without the long-term financial strain associated with interest-bearing loans.
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The Trump Connection: Atiku Claims US President Backs His Shocking Plan To Restore Fuel Subsidy.
African Democratic Congress (ADC) presidential hopeful Atiku Abubakar has asserted that United States President Donald Trump backs his strategy to reinstate fuel subsidies in Nigeria should he secure victory in the 2027 election.....KINDLY READ THE FULL STORY HERE▶
In a media statement released by his spokesperson, Phrank Shaibu, and titled “Atiku boasts of stakeholders, Trump support on fuel subsidy,” the former vice president explained that his proposed “Production Subsidy” aims to put money back into citizens’ pockets by prioritizing local manufacturing and petroleum refining over heavy import reliance. According to Atiku, boosting domestic output and supply will ease pressure on buyers and ensure lower pump prices. He noted that just as the Crude Oil Refinery Owners Association of Nigeria (CORAN) advocates for domestic production, the United States under Trump recognizes the critical need to support strategic energy output. Furthermore, Atiku criticized President Bola Tinubu’s administration for condemning citizen-focused relief while simultaneously granting financial concessions and waivers to favored corporate entities and multinational oil businesses.
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The ₦200 Petrol Promise: SDP Presidential Candidate Drops A Massive Fuel Price Bombshell.
Social Democratic Party (SDP) 2027 presidential candidate Adewole Adebayo has vowed to slash the prices of petrol, cooking gas, and aviation fuel to ₦200 per litre within his first year in office if elected. Speaking to journalists in Abuja on Sunday, Adebayo explained that his administration would achieve this target by revitalizing national refineries and fostering the expansion of modular refineries nationwide.....KINDLY READ THE FULL STORY HERE▶
Emphasizing that Nigeria possesses ample crude oil and infrastructure to satisfy domestic demand rather than relying on imported petroleum products, Adebayo outlined a plan to utilize revenue generated from surplus derivatives—such as naphtha, diesel, and heavy fuel oil—to subsidize and stabilize domestic fuel costs. Furthermore, he noted that his administration would cap transportation expenses at six percent of a citizen’s salary, limit housing costs to seven percent, provide free healthcare and education, and prioritize agricultural development to guarantee food security.
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Post-Victory Getaway: Governor Adeleke Jets Out To UK For Medicals And Vacation Weeks After Re-Election.
Following the conclusion of the Osun State governorship election, Governor Ademola Adeleke has departed for Europe for a scheduled vacation and medical evaluation.....KINDLY READ THE FULL STORY HERE▶
According to a statement issued by his spokesperson, Olawale Rasheed, the governor left the country on Sunday, September 6, 2026. His itinerary includes a period of relaxation and medical check-ups in the United Kingdom, alongside brief visits to other undisclosed European destinations.
The spokesperson did not specify an exact return date for the governor. However, his office confirmed that he will resume official duties immediately upon his return to prepare for the next chapter of his administration, with Adeleke noting that the brief break will allow him to refresh and ready himself to further serve the residents of Osun State.
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