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Recession: FG Summons Emergency Session Over Economy
The federal government, as part of efforts towards reflating the country’s economy and pulling it out of recession, has summoned an economic session to brainstorm on the issue.
President Muhammadu Buhari, his vice, Prof Yemi Osinbajo as well as ministers and heads of relevant federal ministries, departments and agencies (MDAs) will today converge on Abuja for a one-day retreat to discuss steps to salvage the receding economy.
The Nigerian Bureau of Statistics (NBS) had in August, reported that the nation’s economy had slid into recession for the first time in more than 20 years, as it announced a further contraction in the second quarter of the year. According to the NBS, Gross Domestic Product (GDP) contracted by 2.06 percent after shrinking 0.36 in the first quarter.
This has generated anxiety among Nigerians home and abroad, who have urged the current administration of President Buhari to urgently search for ways out of the economic woes confronting the country.
LEADERSHIP recalls that president of the Senate, Dr Abubakar Bukola Saraki, on Tuesday, said that on resumption next week, the Senate would investigate the cause of the country’s receding economy and also pass emergency pieces of legislation to tackle it. He said the time for identifying the cause of the economic recession and those responsible for it was over and that all political leaders should start working together to find a solution.
Saraki also disclosed that the Red Chamber will make “tough” recommendations to President Buhari on the matter.
The minister of budget and national planning, Senator Udoma Udo Udoma, yesterday disclosed that the economic summit will also provide the forum for government to present and discuss priority areas of the 2017 budget and realign the priority areas of the MDAs with national growth and development objectives.
“The key objective of the retreat is to discuss the 2017 budget as well as discuss steps being taken to get the economy out of recession,” the minister said.
Spokesperson of the minister, Akpandem James, quoted the minister as saying that the meeting was part of a scheduled arrangement to fine-tune and set the right parameters for the 2017 budget.
“It (the meeting) will provide an opportunity to discuss the framework of the 2017 budget, the key priorities and the deliverables of the budget,” he explained.
“The retreat is expected to deliver improved understanding of the measures being taken to get the country out of recession, improve synergy among the various ministries for enhanced implementation of planning and budget, and enhance knowledge of how to develop 2017 budget, which is effectively linked with the medium term plan.
“The meeting will also review prioritised projects and programmes of ministries to fit into the 2017-2019 MTSS, 2017-2020 Medium Term Plan and 2017 Budget, and improved understanding on budget ceiling for MDAs for 2017 Budget,” he said.
Akpandem said President Buhari and Vice President Yemi Osinbajo would participate in the meeting, while private sector facilitators and some experts on economics are also expected to provide perspectives during the technical sessions.
He said the retreat became necessary as years of the country’s growth and development had been impeded by mismatch between planned targets and budgetary outcomes at the national and sectoral levels, due to the lack of synergy between the various federal MDAs.
Seek experts’ advice – Emir Sanusi
Meanwhile, the Emir of Kano, Muhammad Sanusi II, has called on the federal government to seek the advice of experts on economics in tackling the current economic crisis in the country.
Sanusi gave the advice during the traditional Sallah Durbar (Hawan Nasarawa) at Government House, Kano.
He said consulting the experts would help in bringing about proper solution to the crisis and reducing the hardship people are currently facing in the country.
The emir, a former governor of the Central Bank of Nigeria (CBN), also urged wealthy Nigerians to support the less-privileged in the society in order to alleviate their sufferings.
He also urged the people of Kano to remain law-abiding and be their brother’s keeper irrespective of religion or ethnic background, for all Nigerians to continue to pray for economic growth and development of the country.
The royal father appealed to the state government to empower the people with economic skills that would make them self-reliant.
Also, an economist and managing director of Financial Derivatives Company Ltd, Mr Bismarck Rewane, said that in order for the country to come out of recession, the federal government needs to borrow and sell assets to raise funds that would be injected into the economy.
Speaking on the current state of the nation’s economy, Rewane said the government must, first and foremost, inject money into the system.
According to him, since there is a fall in oil revenue, the government has to increase the deficit plan for 2016.
“The government must inject funds into the system and the executive is fully engaged because they know they cannot hide; they have to deal with the problem,’’ he said.
Similarly, the immediate past finance minister, Ngozi Okonjo-Iweala, also urged the present administration to look inwards for solutions to the current economic crisis in the country.
“The solutions to the country’s economic decline could still be found in the country,” she said in an interview on Aljazeera programme, The Stream.
Leadership
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The Unfinished Conversation: Five Years of Missing T.B. Joshua BY FEMI OYEWALE
The Unfinished Conversation: Five Years of Missing T.B. Joshua BY FEMI OYEWALE
”In life we meet to part, we part to meet, but parting is the sweetest sorrow.”
Five years have vanished like a vapor, yet the echoes of his voice remain as vivid as a morning sunrise. June 5th marks the anniversary of the transition of a man who was not merely a global religious icon, but a father, a mentor, and a beacon of profound simplicity in a complex world. As I pen this, I find myself still navigating the shores of denial. How does one write a tribute to a man whose influence was as vast as the oceans, yet whose heart remained as humble as the desert sands?
The Last Assignment
Time truly flies, but some moments are frozen in the amber of memory. I recall with poignant nostalgia that I was among the final few with whom he spoke before stepping out for his last assignment on the pulpit on June 5,2021. Unknown to many, we shared an uncommon bond—a father-son relationship that stood the test of time.
Just an hour before that glorious, final ministration, my phone rang. We discussed the fulfillment of prophecies and my planned assignment to South Africa, an assignment he promised to single-handedly finance. By God’s grace, I have traveled the globe, and ninety percent of those journeys were bankrolled by him. Before ending the call, he spoke with finality: “Femi, go and watch it.” I never knew it was a parting shot. I never knew those words would be the threshold of eternity. Perhaps that is why, despite being part of his burial media committee, I lacked the courage to write until today.
From Fear to Faith: The Beginning
My journey to the Synagogue Church of All Nations (SCOAN) was written in the stars of fate. Then a reporter for Encomium Weekly, under the tutelage of the legendary Mr. Kunle Bakare, I was recommended to handle media work for a “prominent client.” When the name “T.B. Joshua” was mentioned, my heart sank.
Having cut my journalistic teeth under titans like Mr. Femi Adeshina and Mr. Dele Alake, I had heard the tales, stories of monsters, of shape-shifters, of dark magic. As I drove to Ikotun, I recited every Psalm I could muster and texted my parents my destination, unsure if I would return. I arrived expecting a beast; I was introduced to a brother. I met a man so profoundly simple, so devastatingly ordinary in his humility, that if not for his presence on Emmanuel TV, I would have sworn I was meeting an impostor. That was the day the fear died, and a lifelong relationship began.
The Man Behind the Mantle
I am not here to validate a legend; I am here to honor a human. I have been privileged to stand in his office, his personal room, his private altar, and his prayer house. What did I find? Not a demigod, but a man who lived for others.
A Heart of Forgiveness: Like the father in Luke 15, no matter the depth of the offense, a sincere “I am sorry” was all it took to be welcomed back into his fold.
The Weight of Misunderstanding: I remember the pain of the building collapse. He asked me, with tears that shattered my heart, “Femi, can you believe they said I used these people for rituals?” That was the first time I saw the iron man break.
A Channel of Healing: I recall a man brought to the prayer line who had previously declared, “Even if T.B. Joshua is the devil, if he can take this pain away, I am ready.” The moment those words left his lips, the Prophet walked over, touched him, and the healing was instantaneous.
He was a comedian, a teacher, a preacher, and above all, a man who loved his family and his ministry with every fiber of his being. If most clergy possessed even half the global influence he wielded, they would have long ago become arrogant demigods. T.B. Joshua remained, to his last breath, a servant.
A Legacy Enduring
It has been five years, yet it feels like yesterday. Many of those who cast stones in the shadows often came seeking his light in secret. Today, as we remember him, I see that legacy thriving. Prophetess Evelyn Joshua is truly holding the torch, preserving the foundation with grace and strength.
Good morning, Prophet T.B. Joshua. You live on in the lives you changed, the doors you opened, and the heart of your many disciples who will never forget the man who taught them that true greatness is found in the simplicity of love.
”He was a man globally misunderstood, yet a man whose name alone opened doors globally. He lived for others, and in doing so, he became immortal.”
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Let’s build a future where access to healthcare is strengthened…….Oba Odugbemi
Let’s build a future where access to healthcare is strengthened…….Oba Odugbemi
A call has gone to every stakeholder in the health sector to build a future where access to healthcare is guaranteed and strengthened.
The Onilisa of Lisa Kingdom, Oba Oladele Odugbemi make the call in Lisa while donating a Sanitary Sterilisation Box to the Lisa health centre.
Oba Odugbemi said that the donation became necessary in order to further strengthen the capacity of the health centre for the benefits of the people.
The royal father stressed that his foundation, Oladele Odugbemi foundation would continue to make meaningful impacts in community healthcare aimed at complementing the efforts of government in healthcare delivery system.
He pointed out that the foundation reflects its unwavering commitment to promoting quality healthcare services, enhancing hygiene standards and supporting health institutions with essential tools that contribute to safer and healthier communities.
According to the monarch, all stakeholders in the health sector should work hand-in- hand with government to take healthcare to the doorsteps of the masses as government cannot do it alone, hence health is wealth.
Oba Odugbemi also charged the governments at all levels to declare a state of emergency in the health sector so that every Nigerian can have smooth access to healthcare delivery system in the interest of the country and for the benefits of the masses.
The monarch therefore said that the foundation would continue to care for the people through empowerment by ensuring that masses have good and quality health condition.
The Sanitary Sterilisation Box was presented by the Foundation Director, Hajia Suliat Odugbemi – Tinuosho to the Matron of Lisa Community Health Centre, Mrs Temitope Nofisat Sanni who received it on behalf of the health centre.
celebrity radar - gossips
Inside the Success of Yoruba Cinema’s Biggest Stars
King of the Screen: Why Odunlade, Muyiwa, Femi Adebayo Remain Yoruba Movie Giants
The Yoruba movie industry has continued to produce legendary talents whose influence stretches beyond Nigeria to global audiences. Over the years, some actors have distinguished themselves through consistency, versatility, box office success, and cultural impact.
Among the numerous stars in Nollywood’s Yoruba sector, three actors have remained dominant figures whose names constantly resonate with fans and filmmakers alike — Odunlade Adekola, Muyiwa Ademola, and Femi Adebayo.
Odunlade Adekola: The Street King of Yoruba Cinema
Popularly regarded as one of the most entertaining actors in Nollywood, Odunlade Adekola has built a unique reputation through his energetic delivery, comic timing, emotional depth, and strong connection with grassroots audiences.
From comedy to action and emotional family dramas, the actor has consistently proven his versatility in blockbuster productions. His ability to interpret diverse roles effortlessly has made him a household name across Nigeria.
Industry observers believe his dominance on social media platforms, where his movie clips frequently go viral, has further strengthened his popularity among younger audiences.
Beyond acting, Odunlade has also contributed immensely to mentoring upcoming talents and expanding the commercial value of Yoruba films.
Muyiwa Ademola: The Master Storyteller
For many lovers of indigenous movies, Muyiwa Ademola remains one of the finest storytellers the Yoruba film industry has produced.
Widely respected for producing emotional and morally driven movies, the actor earned massive recognition through classic productions that focused on family values, culture, betrayal, perseverance, and societal lessons.
His calm delivery, deep scripts, and originality have kept him relevant despite changing trends in the entertainment industry.
Film critics often describe Muyiwa Ademola as one of the few actors whose productions combine entertainment with strong cultural education, making his movies timeless among older and younger viewers alike.
Femi Adebayo: The Modern-Day Box Office Force
Femi Adebayo has successfully combined traditional Yoruba storytelling with modern cinematic excellence, helping to project indigenous films to international audiences.
The actor, filmmaker, and producer has recorded major successes with high-budget productions that gained attention on streaming platforms and cinemas.
Known for his professionalism and attention to detail, Femi Adebayo has continued to push Yoruba movies beyond local boundaries while preserving cultural identity.
Entertainment analysts say his ability to blend culture, technology, and quality production has positioned him among the leading faces shaping the future of Yoruba cinema.
Growing Global Influence
The success of these actors reflects the increasing acceptance of indigenous Nigerian content globally. With streaming platforms creating wider access to local movies, Yoruba actors are now gaining international recognition and attracting new audiences.
Fans and stakeholders in the entertainment industry believe the contributions of Odunlade Adekola, Muyiwa Ademola, and Femi Adebayo have not only sustained Yoruba culture through film but have also elevated Nollywood’s global reputation.
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