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Tinubu: We Created ₦200bn Support Scheme To Boost Small Businesses, Manufacturing.
President Bola Tinubu has revealed the rationale behind his administration’s establishment of the ₦200 billion intervention fund designed to support micro, small, and medium enterprises (MSMEs) as well as manufacturers across Nigeria.....KINDLY READ THE FULL STORY HERE▶
Speaking through Vice President Kashim Shettima at the 31st Nigerian Economic Summit in Abuja, the president said the initiative was aimed at enhancing competitiveness and tackling structural challenges facing the productive sector. According to Nivo News, Tinubu noted that the economic reforms undertaken by his administration were already yielding tangible results, reflected in the nation’s 4.23 percent GDP growth recorded in September 2025 — a figure surpassing projections by both local and international economic analysts.
He explained that all government policies had been guided by the need to strike a balance between sound economic logic and public expectations. Emphasizing his administration’s commitment to inclusive growth, Tinubu said the government remained focused on restoring hope to the unemployed, poor, and vulnerable Nigerians, especially the youth, by expanding access to financial opportunities.
“As a people-oriented government, we have created pathways for young Nigerians to access grants, loans, and equity investments of up to $100,000 to grow their businesses, innovate, and secure sustainable livelihoods,” the president stated.
He added that the ₦200 billion intervention fund for MSMEs and manufacturers would help enterprises overcome barriers to growth and stimulate productivity nationwide. Tinubu further highlighted the expansion of digital micro-loan access as a major driver of financial inclusion and community-level economic development.
Acknowledging the patience and sacrifices of Nigerians, the president said the progress achieved in stabilising the economy and rescuing public finances was the result of collective endurance. He maintained that the foreign exchange market’s recent stability reflected deliberate policy choices, complemented by the removal of fuel subsidies and other fiscal reforms that had boosted investor confidence.
Tinubu disclosed that Nigeria’s economy had grown from ₦309.5 trillion in 2023 to ₦372.8 trillion in 2024, with revenue collection rising from ₦19.9 trillion in 2023 to ₦27.8 trillion as of August 2025 — surpassing the government’s target. These gains, he said, had reduced the nation’s debt service-to-revenue ratio from 97 percent to less than 50 percent, earning international recognition from rating agencies Fitch and Moody’s for improved fiscal discipline and clearer policy direction.
He further noted that non-oil revenues rose by 411 percent year-on-year in August 2025, with the tax-to-GDP ratio improving to 13.5 percent from around 7 percent a few years ago. The president assured that the recently signed Tax Reform Acts would expand domestic revenue generation, reduce reliance on oil income, and simplify tax compliance, while protecting low-income earners and enhancing fairness in corporate taxation.
Tinubu reaffirmed his government’s resolve to build an economy that works for all Nigerians, saying, “These efforts underline our commitment to a fairer, more prosperous, and inclusive nation.”
Meanwhile, the Chairman of the Nigerian Economic Summit Group (NESG), Mr. Olaniyi Yusuf, called on stakeholders to prioritise security as a fundamental enabler of economic reform. He stressed that without peace, investments and productivity would remain constrained, and young Nigerians would continue to face limited opportunities for progress.
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Work in Progress: Maresca Admits Champions League Giants Still Have Massive Gaps Despite Opening Day Thriller!.
Manchester City boss Enzo Maresca has acknowledged that his squad remains a work in progress despite kicking off their Premier League campaign with a hard-fought 2-1 comeback victory over Bournemouth.....KINDLY READ THE FULL STORY HERE▶
Late strikes from Marc Guéhi and Joško Gvardiol turned the match around at the Etihad Stadium after Bournemouth applied steady pressure. Although the result brought home three points, Maresca stressed that the performance did not alter his overall perspective following their earlier Community Shield setback against Arsenal, noting that the team is still actively seeking the right tactical combinations.
“To be honest, I feel in the same position we were after Arsenal,” Maresca noted, explaining that testing new setups—such as utilizing centre-back Guéhi in midfield—is part of finding necessary solutions.
The manager also pointed out a significant physical disparity within his squad, mentioning that several core players only returned to training roughly ten days prior to the fixture, leaving them behind opponents who had a full pre-season.
Premier League Matchday 1 Results
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Arsenal 3-0 Coventry City
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Hull City 2-0 Manchester United
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Ipswich Town 2-1 Sunderland
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Everton 2-0 Crystal Palace
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Nottingham Forest 0-1 Leeds United
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Brentford 3-0 Tottenham Hotspur
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Manchester City 2-1 Bournemouth
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Brighton & Hove Albion 4-0 Aston Villa
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Newcastle United 2-2 Liverpool
Pending fixture: Fulham vs Chelsea
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The Phantom Bureau: How A Fake Federal Agency Coaxed Governors Into Handing Over Land And Cash
The Independent Corrupt Practices and Related Offences Commission (ICPC) recently uncovered a fraudulent organization posing as a federal government body without presidential backing, prompting President Bola Ahmed Tinubu to order the suspension of three high-ranking officials connected to the scheme and the arrest of its coordinator.....KINDLY READ THE FULL STORY HERE▶
The entity, operating under the banner of the National Brands Development and Made in Nigeria Special Project Office, falsely claimed affiliation with the Office of the Secretary to the Government of the Federation (OSGF) to solicit financial support, land allocations, and institutional collaboration from multiple state governors.
According to details revealed by ICPC Chairman Musa Aliyu following a briefing with the President, the group utilized official-looking documents bearing presidency insignia—including appointment letters and formal correspondence—to approach state administrations between January and February. Headed by its promoter, Nwabueze George, the rogue organization targeted several state executives:
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Lagos State: Sent a “Third Reminder” letter addressed to Governor Babajide Sanwo-Olu to request the nomination of a state coordinator under the guise of boosting local production and small businesses.
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Edo State: Requested authorization and payment fees amounting to thousands of dollars per participant for an upcoming international engagement in Bahrain, directing funds into designated commercial bank accounts.
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Nasarawa State: Sought backing to host a national stakeholders’ meeting in Lafia aimed at formally launching its nationwide executive structure.
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Ondo State: Reached out to Governor Lucky Aiyedatiwa to demand physical land allocations for a proposed “Made in Nigeria Product Market” hub.
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Imo State: Invited Governor Hope Uzodimma as a special guest while concurrently requesting financial contributions to cover logistics, accommodation, and conference expenses.
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Sokoto State: Approached Governor Ahmad Aliyu to secure state participation in upcoming trade and agricultural exhibitions across Bahrain and Azerbaijan under the pretense of boosting non-oil exports.
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President Tinubu Renews Appointments In NTA, NAN
President Bola Tinubu has approved the renewal of Abdulhamid Salihu Dembos’s tenure as the Director-General of the National Television Authority (NTA). Additionally, the President extended the appointment of Ali Mohammed Ali as the Managing Director of the News Agency of Nigeria (NAN).....KINDLY READ THE FULL STORY HERE▶
Both leadership extensions span an additional three-year term, with their new tenure officially commencing on October 20, 2026.
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Abdulhamid Salihu Dembos: Hailing from Yola, Adamawa State, Dembos is a former National President of the Radio, Television, Theatre and Art Workers Union (RATTAWU). Having joined the NTA as an announcer in Kaduna following his national service in 1989, he advanced through various leadership roles—including General Manager in Lokoja and Kano—before retiring as acting Zonal Director for the NTA Kaduna Network Centre in 2017, prior to his initial appointment.
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Ali Mohammed Ali: Bringing over three decades of experience as a veteran journalist and media strategist, Ali focuses heavily on digital media evolution and content diversification to cater to modern audiences. He holds a bachelor’s degree in English from Bayero University, Kano, a graduate degree in International Affairs from Ahmadu Bello University, Zaria, and a Postgraduate Diploma in Mass Communications from Bayero University, Kano.
In confirming these updates, the presidency urged both executives to maintain strong dedication to their organizational mandates while helping advance the federal administration’s policy objectives.
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