celebrity radar - gossips
AFDB To Lend Nigeria $4.1bn
The African Development Bank is working on giving Nigeria loan facilities of $4.1bn between now and next year for critical sectors of the economy.
The loans include $1bn at a concessionary interest rate of 1.2 per cent for Nigeria to address the 2016 budget deficit and aid her economic recovery.
The President, AfDB, Dr. Akinwunmi Adesina, disclosed this to State House correspondents on Monday after a meeting with Vice President Yemi Osinbajo and other members of the Economic Management Team at the Presidential Villa, Abuja.
According to the AfDB president, the package includes; $1bn in budget support, $300m to create jobs for 185,000 youths, $250m towards infrastructure development in the North-East, $1m grant to deal with challenges of Internally Displaced Persons, $300m for infrastructure development around Abuja, and $200m for the Transmission Company of Nigeria to improve its facilities, among others.
Stressing that Nigeria was the largest shareholder in the bank, Adesina said that the bank was in the country to offer its support in the face of the current tough times.
He said, “I think the times are difficult but I want to commend the government for being bold in taking the right decisions. I think that the fact that the price of crude oil has gone down is a big challenge, because you have 98 per cent external forex revenue coming from the sector.
“So, it has created calibrations; I’m not going to go into the details of all the problems, but what is important is what we are going to do about it.
“I’m not here to lecture the Nigerian government. I’m here to support very strongly. We have said that we are going to support the Nigerian government with the budget support to be able to deal with some of the fiscal imbalances that they have. We are looking to consider for an award of $1bn to help to deal with that particular deficit.”
Adesina added that the bank would help to revive Nigeria’s economy, especially by deepening the level of diversification in critical sectors such as agriculture, solid minerals and manufacturing.
According to him, the bank is going to provide in total $4.1bn to Nigeria between 2016 and 2017 for power, infrastructure, agriculture and for the private sector, including financing and lending to the Small and Medium-scale Enterprises.
He also said that he expected the AfDB portfolio in the country to grow to $10bn by 2019.
Adesina, a former Nigerian Minister of Agriculture, added, “We also recognise that power is perhaps the most important challenge that is driving inflation in the country. So, we expect in our portfolio this year to invest in a total of 1,400 megawatts of power to focus on the energy sector; and by 2017, we plan to add 1,387 megawatts to the sector.”
He said that the bank also discussed with Osinbajo and the Minister of Finance, Kemi Adeosun, on how to invest in areas of women and youth employment in the country as well as to look for opportunities to support access to finance by supporting the Development Bank of Nigeria with $500m, which will help to provide cheap financing for the real sector that the country wants to grow.
According to him, the bank is also providing $100m to the Bank of Industry to enable it to lend to small and medium-sized enterprises.
Adesina said, “Let me just say that Nigeria is experiencing tough times, but Nigeria is not falling apart; and when people talk about debt crisis, Nigeria is not in a debt crisis. If you look at the fiscal deficit of this country with regard to the GDP, it is about three or 3.5 per cent. It is still way below the five per cent recommended by the Fiscal Responsibility Act.
“If you look in terms of the debt to the GDP ratio for Nigeria, it is 15 per cent. So, there is no debt crisis in Nigeria; what you have is liquidity problem and we are trying for the country to be able to drive down inflation and to be able to make sure we are working with the government to be able to provide incentives for the private sector.
“Because to come out of recession you need more than the government, you need the private sector. So, incentives are very important. The Finance minister talked about a whole lot of incentives that they are going to give and I think that is the right way to go.
“Nigeria will come out of this as a better and more diversified economy than before it went into the recession.”
Also speaking, Adeosun said there was no need to fear over the new loan as it would be put into good use, adding that the government was not over-borrowing.
She added, “And as Dr. Adesina said, we are looking unto them with $1bn budget support; but beyond that, there are lots of loans and initiatives around agriculture, job creation for the youths, solid minerals, women empowerment and women’s access to finance, and access to finance by the SMEs.
celebrity radar - gossips
Mercy Johnson Okojie, Purity Okojie Lead Campaign for Girls Tag’s All-in-One Period Care Kit
*Mercy Johnson Okojie, Purity Okojie Lead Campaign for Girls Tag’s All-in-One Period Care Kit
iBlend Services, appointed Regional Agency for Girls Tag alongside its PR and marketing firm, Eddie MPR, has officially launched Girls Tag, described as Nigeria’s first all-in-one period care pack designed for girls aged nine and above.
The initiative seeks to tackle persistent gaps in menstrual health education and access to sanitary products in Nigeria, where many girls experience their first period with little preparation or guidance. According to the promoters, Girls Tag was created to eliminate the fear, confusion, and stigma often associated with puberty, replacing them with confidence, comfort, and dignity.
Beyond hygiene, the brand positions itself as a supportive care system for both girls and parents, offering tools and language to guide families through early puberty conversations.
To strengthen its reach, Girls Tag announced a strategic ambassadorial partnership with Nollywood actress and philanthropist Mercy Johnson Okojie and her daughter, Purity Okojie. The mother-daughter collaboration is intended to reflect authenticity and relatability for Nigerian families navigating similar experiences.
Speaking on the partnership, the leadership of iBlend Services expressed confidence that the ambassadors’ real-life connection would resonate deeply with mothers and daughters nationwide.
Mercy Johnson Okojie, in her remarks, described the initiative as a natural fit, noting that puberty can be an anxious period for both parents and children. She also revealed that her newly authored puberty guide, Youberty, will be included in every Girls Tag kit. The book is designed to help boys and girls aged 10 to 13 better understand the physical and emotional changes that come with growing up.
Each Girls Tag care pack contains premium sanitary pads in various sizes, overnight period pants, panty liners, disposable sanitary bags, a discreet sanitary purse, and a copy of Youberty. The kit is tailored to support first-time and early period experiences while promoting proper hygiene and self-care.
The company disclosed that the product will be available nationwide in Q2 2026 at select retail stores, pharmacies, and malls, with direct delivery options through its website and social media handle, @girlstag.ng.
With its combined focus on education, dignity, and accessibility, Girls Tag aims to reshape menstrual health support for young girls across Nigeria.
celebrity radar - gossips
DSS Invites Ogun LG Chairman, Alebiosu and others Over Attack At APC Stakeholders Meeting
*DSS Invites Ogun LG Chairman, Alebiosu and others Over Attack At APC Stakeholders Meeting*
The Department of State Services (DSS) Abeokuta on Monday invited Ijebu Ode local government Chairman, Hon Dare Alebiosu, and some political thugs alleged to have caused disturbance, incitement and physical attack during an APC stakeholders meeting few days to Ward Congress in the area.
A reliable security source disclosed that an aide of the Governor who was reportedly attacked during the stakeholders meeting was said to have petitioned the DSS.
According to the source, there have been growing concerns over the activities of the LG Chairman, who was alleged to be backing cultists and using them as a tool for harassment and intimidation in the community.
As it was reported, the LG boss was accused to have openly confronted and accused the Governor’s aide for identifying some of the cultists to DSS officials, while one of the cultist was said to have hit their target in the face and removing his medicated glasses. The swift and professional intervention of the Men of DSS quickly deescalated the matter and the meeting went on to a conclusive end.
The meeting which held at the residence of Chief Okuboyejo, the Governor’s Advisory Council Chairman at GRA Ijebu ode became tensed, after the LG chairman invaded the private premises of the old man with a large number of cultists which some of them were allegedly believed to be armed.
The source added that the case is presently with the DSS, while the petitioner has also submitted various evidence against the LG Chairman.
In another turn of event, Commisoner for Urban and regional planning was harassed and robbed, so also the former SLG to the Local govt also almost lost his life as he was attacked with cutlass by thugs who were allegedly said to be led by Dapo Adebajo, he was hospitalized. The case has also been reported to the DSS and Police as at the time of filling this report.
celebrity radar - gossips
Laffmattazz with Gbenga Adeyinka & Friends Returns In 2026, As Canada Joins Tour
Laffmattazz with Gbenga Adeyinka & Friends Returns In 2026, As Canada Joins Tour
Nigeria’s longest-running and most consistent comedy tour, LaffMattazz with Gbenga Adeyinka & Friends, has officially announced its 2026 tour themed “Next Chapter.” The upcoming edition marks a major milestone as the brand celebrates its 15th edition with a bold expansion that includes Canada for the first time.
The Next Chapter edition represents a clear evolution from previous years — signaling growth, global reach, and a renewed creative vision. While past editions focused on taking premium comedy experiences across Nigerian cities, the 2026 tour elevates the brand with international exposure, upgraded production, and stronger engagement with audiences at home and in the diaspora.
Speaking on the significance of the new theme, organizers describe the 15th edition as more than a celebration of longevity, but a statement of intent — positioning LaffMattazz as a global Nigerian entertainment export.
CONFIRMED TOUR CITIES & VENUES
•Ibadan – Jogor Center (Easter Sunday, April 5th, 2026)
•Akure – The Dome International Culture & Event Center
•Abeokuta – OOPL Marquee
•Lagos – Balmoral Convention Center
•Canada – Multi-city tour (dates to be announced)
Audiences can expect a rich blend of comedy, music, and surprise guest appearances — delivered with the signature “& Friends” experience that has defined the tour for over a decade.
With the Next Chapter, LaffMattazz reinforces its legacy while opening new doors for African comedy on the global stage.
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