News
Nigeria No Longer Dependent On Oil Revenue, Days Tinubu
President Bola Ahmed Tinubu has announced a massive drop in the country’s dependence on crude revenues, signaling what government said was a decisive shift toward a diversified economy.
He noted that his administration has built a diversified, high-growth economy unlocking the potential of agriculture, manufacturing, and the digital and creative industries to shift the landscape away from single-sector dependence.
Speaking on Tuesday in Abuja during the fifth anniversary of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the President who was represented by Vice President Kashim Shettima, explained that through the joint effort of security agencies, operators, host communities, and the Commission, oil production is “now steadier and stronger”.
As a result, he declared that investors who once abandoned Nigeria in search of better deals were now returning, a development he said has ranked the country first among Africa’s leading destinations for upstream investment for two years running.
Announcing a drop in oil revenue dependence, President Tinubu said, “These gains matter well beyond the oil and gas industry. Under the Renewed Hope Agenda, we are building a diversified economy in which agriculture, manufacturing, the digital and creative industries all play their part.
“We have already reduced our dependence on oil revenue, and we intend to go further. But a diversified economy still needs energy, foreign exchange and investment, and that is where this sector serves the nation. Our gas can power homes and factories. Petroleum earnings support a stable naira and help fund the Federation.”
He stated that a well-run upstream industry is capable of creating jobs for Nigerian engineers, fabricators, and service companies, as his administration plans to use petroleum resources to build the wider economy, rather than depend on them.
The Nigerian leader promised to “pursue an energy transition that is just and suited to Nigeria’s needs,” declaring that this is the decade of Gas.
The President also vowed that his administration will not rest on its oars until Nigeria becomes the destination of choice for hydrocarbon investment, maintaining that in the next phase, the government will insist on compliance and accountability.
“Operators who enjoy incentives must deliver on their commitments to work programmes, local content, the environment and host communities, and the Commission must also account publicly for its own performance. We will uphold the rule of law and the sanctity of contracts, so that disputes are fewer and, where they arise, are resolved quickly and fairly,” he stated.
On his part, Minister of State for Petroleum Resources, Oil, Senator Heineken Lokpobiri, said NUPRC has recorded significant achievements in the last five years, attributing the progress to the leadership and reform agenda of the Tinubu administration.
According to him, Nigeria, with crude oil production of about 1.7 million barrels per day and over 37 billion barrels of oil reserves, still requires increased investment, additional licensing rounds, and intensified exploration to unlock the full potential of the nation’s petroleum resources.
The Minister urged the Commission to build on its successes by adopting decisive regulatory measures and eliminating bureaucratic bottlenecks that might discourage investment.
Also speaking, the Chairman of the NUPRC Governing Board, Senator Magnus Abe, said the creation of the Commission under the PIA was evidence that Nigeria was making progress in reforming the oil and gas sector.
News
Tinubu Approves N45bn For Disease Surveillance In Five Airports
President Bola Tinubu has approved N45 billion for the deployment of an integrated biosecurity and disease surveillance system at five international airports to boost Nigeria’s capacity to detect and respond to emerging infectious disease threats.
The Minister of Health and Social Welfare, Professor Ali Pate, disclosed this on Wednesday after the Federal Executive Council, FEC, meeting presided over by President Tinubu.
He listed the five airports as Lagos, Abuja, Kano, Port Harcourt, and Enugu airports.
According to the minister, the project will be delivered through a 20-year public-private partnership with the BioHealth Consortium, using technologies such as aircraft wastewater surveillance, air and surface sampling, and specialised pathogen detection systems
Pate added that the system would monitor a broad range of dangerous pathogens, improve inter-agency coordination, and strengthen health security at Nigeria’s borders.
News
TUC Rejects FG’s N70,000 Wage Award, Demands N300,000 Minimum Salary
The Trade Union Congress of Nigeria, TUC, has rejected the Federal Government’s proposed N70,000 monthly wage award for federal workers, insisting that the government can afford to increase the salary of the lowest-paid worker to N300,000.
The proposal followed a meeting between the Federal Government and the leadership of the Nigeria Labour Congress, NLC.
In a statement signed by its President-General, Festus Osifo, and Secretary, Nuhu Toro, the TUC said workers needed a meaningful salary increase rather than temporary financial support that might not reach everyone.
The union also called for the implementation of the agreement with the Joint Health Sector Unions, JOHESU, citing the economic difficulties facing workers and other Nigerians.
“Our position is unequivocal: workers are not asking for favours; they are demanding social and economic justice that protects their dignity and livelihoods,” the statement said.
The TUC argued that the previous wage award introduced in October 2023 was not fully implemented before a new minimum wage was agreed in 2024.
According to the union, some workers were paid for only one or two months, while others received nothing.
It also criticised the irregular payment of the earlier N40,000 wage award, saying some workers received payments covering up to four months but not on a consistent monthly basis.
The union further claimed that more than 80 per cent of state governments and the informal sector did not implement any form of wage award.
It questioned why the government was proposing another temporary payment when previous commitments remained unfulfilled.
“How can workers be expected to trust fresh promises when previous obligations remain outstanding?” the TUC asked.
The union maintained that a salary increase would provide more reliable support than a temporary wage award, particularly as workers continue to struggle with rising living costs.
It said negotiations over a new national minimum wage should not prevent the government from granting an urgent pay rise.
The TUC also stressed that the economic crisis was affecting more than federal employees. State and local government workers, pensioners, private-sector employees and people working in the informal economy were also facing higher costs for food, transport, healthcare and other basic needs.
It urged governments at all levels to take practical steps to reduce the cost of essential goods and services, pay salaries and pensions on time, protect existing jobs and tackle exploitative labour practices.
The union also called for renewed efforts to strengthen the productive sector and create decent employment opportunities.
News
Kano Gov’s Aide Appoints Son As Chief of Staff
The Special Adviser to Governor Abba Kabir Yusuf on Publicity, Ahmad Aruwa, has appointed his son, Aliyu Ahmed, as Chief of Staff.
His son is among the five persons whose appointments were announced on Tuesday, October 27, 2026.
Other appointees are Habibu Liman as Private Secretary; Adamu Mai Salati as Protocol Officer; Isa Ahmed Don as Director-General, Media and Communication; and Musa Muhammad Daurawa as Personal Assistant.
In his remarks after receiving the appointment letter, Aruwa pledged to justify the confidence reposed in him by the governor through dedication, loyalty and commitment to duty.
“Let me categorically make it clear that my leader is Abba, my political boss is Abba, and my political party is Abba.”
He added that he would work tirelessly for the governor and support his success at all levels.
Aruwa also commended his media team for their support and commitment, expressing confidence that they would continue to work together to promote the policies, programmes and achievements of the Kano State Government.
-
Health & Wellness1 year agoPresident Tinubu Directs Cut in Dialysis Cost from ₦50,000 to ₦12,000
-
News2 years ago
CBN Debunks Fake Circular on New ₦5,000 and ₦10,000 Notes
-
International News7 months agoIndian Police Arrest Nigerian Over ₦290m Drug Haul
-
Business7 months agoDangote Refinery Reduces Petrol Gantry Price To ₦1,200 Per Litre
-
Business7 months agoAfter Plea Bargain, Court Discharges Stella Oduah of ₦2.5bn Fraud
-
Business2 years ago
Dangote; We Did Not Fix ₦600/Litre Petrol Price
-
Trending News1 year agoNELFUND Disburses ₦86bn To 449,000 Beneficiaries
-
Opinion2 years agoChampioning the People’s Voice: Obasa’s Dedication to Grassroots Representation By Dave Agboola⁰
