Politics
WHERE IS NIGERIA TODAY UNDER PRESIDENT BOLA TINUBU
WHERE IS NIGERIA TODAY UNDER PRESIDENT BOLA TINUBU
Easter Weekend Special by Otega ‘The Tiger’ Ogra
Just so you are better informed about our country, Nigeria, here are seven facts about our debt stock and our dear country’s path to progress under President Bola Tinubu (x – @officialABAT / Instagram & Facebook @officialasiwajubat).
Nigeria’s economic progress is evident in several key areas. Firstly, Nigeria’s Debt Stock (External + Domestic of FGN, the 36 states, and the FCT) is down from $108.2bn to $94.2bn as of Dec 31, 2024. Additionally, PBAT has cleared all verified FX backlogs of about $7bn. Despite dutifully paying off the backlog and reducing our total debt stock through consistent payments to creditors, Nigeria’s gross external reserves still grew to approximately $40.9 billion at the end of 2024, significantly higher than the $33.0 billion recorded in 2023. Net external reserves amounted to $23.3 billion, a 482.5% improvement from about $4.0 billion in 2023.
The Balance of Payments (BOP) surplus is another indicator of Nigeria’s economic growth. Nigeria achieved a BOP surplus of $6.83 billion in 2024, a significant turnaround from deficits of $3.34 billion in 2023 and $3.32 billion in 2022, reflecting stronger trade performance and increased investor confidence. Furthermore, our Non-oil exports also increased by 24.6% to $7.46 billion, while gas exports surged by 48.3% to $8.66 billion, boosting our overall trade surplus. Thanks to NGML and NLNG.
Investor confidence is also on the rise. Portfolio investment inflows, a sign of rising investor confidence in a country, more than doubled, increasing by 106.5% to $13.35 billion in 2024. Renewed investor confidence in Nigeria is driven by President Bola Tinubu’s bold macroeconomic reforms. Moreover, personal remittances from Nigerians abroad grew by 8.9% to reach $20.93 billion, complemented by a 43.5% rise in inflows via International Money Transfer Operators (IMTOs) to $4.73 billion, demonstrating increased trust from the diaspora in our economy. Thank you, dear Nigerians in the diaspora, for believing in your country.
These achievements demonstrate President Tinubu’s effective leadership. Prudent management, optimization, and deployment of resources are what you get when you elect a President who understands finance and accounting and has done actual work along these lines with major corporations in the world. This is who our President Bola Tinubu is—educated, focused, knowledgeable, and a Strategic Thinker & Planner. ‘Our Asiwaju,’ ‘The Jagaban,’ President Bola Ahmed Tinubu is not ‘someone who gets governance and financial management advice from a mentally impaired person living under a bridge’ like a particular critic who ran for office does (_not my words but the critic’s_). What I mean is that #FollowWhoKnowRoad knows the work that needs to be done and ‘knows the book’.
P.s. You can always visit (https://dmo.gov.ng) or ask the Debt Management Office @DMONigeria for more info on our debt profile.
PART II
NIGERIA’S DEBT PROFILE FUN FACT
Do you know that our IMF loan obligations have been significantly paid down from $2.47 billion as of 2023 to $800.23 million at the end of 2024? A substantial decrease of over 67% in that period.
Some key points to note about Nigeria’s debt profile include:
– Nigeria, under PBAT, is paying its loans back. No default. No unnecessary borrowings. No seeking for tens of billions of dollars in debt bailout and sacking of 70% of the workforce (as another ‘critic-perennial candidate’ prescribed as a solution citing another country in South America as his example).
– Nigeria, under PBAT, is clearing legacy debts from multiple administrations. Yet, our foreign reserves are rising.
– The federating states are receiving more FAAC allocations under PBAT’s administration. Their highest ever.
– Nigeria under PBAT is now exporting more than it imports. We have a trade and payments surplus. Did I hear someone say PBAT is the real ‘consumption to production’ advocate?
– Foreign investors are coming back under PBAT – from those in the oil & gas sector who left to new investors in Agribusiness, Solid Minerals, Aviation, Industry, etc. That’s confidence.
– Local investors are not left out. From Dangote to BUA, Breweries to Banks, and many others, they are pulling in their biggest profits in years. If you doubt me, check the official company results on the NGX website. e.g., Nigerian Breweries did a massive turnaround in profits in their just-released results. Go and verify!
Road construction is simultaneously ongoing in 74 roads across 24 states of the Federation, as well as the marquee Lagos-Calabar & Sokoto-Badagry super highways which will open up industry, agriculture, and productivity along those routes. Approvals have been given for the completion of Abuja-Kaduna-Zaria-Kano Road. The East-West Road is on track. Akwanga-Jos-Bauchi-Gombe Road is being reconstructed. 2nd Niger Bridge Phase 2B (access roads) has commenced. The list is almost endless.
Again, follow whoever knows the road!!!
After former President M Buhari (2015-2023) did his best to navigate the country through an economic crisis brought about by profligate spending by the admin before him + Covid-19 + global recessions + disruptions to the global supply chains, President Tinubu said upon assuming office that he will build on the good works of his APC predecessor, fix cumulative structural imbalances from previous admins, and build a solid foundation for Nigeria and generations yet unborn.
Nigeria will thrive and succeed. Amen. If you are not betting on Nigeria already, you are on a long thing! #BetOnNigeria
Otega ‘The Tiger’ Ogra
Senior Aide to President Bola Tinubu
18 April 2025
Part I
https://x.com/otegaogra/status/1913172288788214001?s=46&t=-WT1A6V3jj52Bil8fk9JS
Part II:
https://x.com/otegaogra/status/1913172426805981653?s=46&t=-WT1A6V3jj52Bil8fk9JSg
Politics
LPDC Verdict: CRG Hails Decision Clearing Deputy Speaker Benjamin Kalu, Condemns Political Witch-Hunt
LPDC Verdict: CRG Hails Decision Clearing Deputy Speaker Benjamin Kalu, Condemns Political Witch-Hunt
The Centre for Responsible Governance (CRG) has welcomed the decision of the Legal Practitioners Disciplinary Committee (LPDC) dismissing the complaint filed against the Deputy Speaker of the House of Representatives, Benjamin Okezie Kalu, describing the ruling as a clear affirmation of due process and institutional integrity.
In a press statement issued on Thursday, the spokesman of the Centre, Obande George, said the verdict of the disciplinary body has once again vindicated the Deputy Speaker and reaffirmed the position earlier taken by CRG that the allegations against him lacked merit.
The LPDC, in its ruling referenced BB/LPDC/1954/2026, held that no prima facie case had been established against the Deputy Speaker and dismissed the complaint in its entirety.
According to George, the decision demonstrates the importance of allowing competent institutions to examine allegations objectively rather than rushing to judgment in the court of public opinion.
“From the onset, the Centre for Responsible Governance maintained that justice must take its course. We insisted that competent institutions should be allowed to examine the issues without political pressure or sensationalism. The LPDC’s ruling has now clearly shown that the allegations had no foundation,” he said.
The CRG spokesman further stated that the decision reinforces the sterling reputation of the Deputy Speaker, who has over the years built a distinguished profile both as a legal practitioner and as a legislator.
“Honourable Benjamin Kalu is a respected member of the Nigerian Bar and an accomplished lawmaker. Attempts by some individuals to impugn his reputation through unfounded allegations were unfortunate and unnecessary.”
CRG also condemned the actions of certain civil society groups that were quick to demand that the Deputy Speaker step aside from office even before any formal determination had been made by the relevant authorities.
George described such calls as premature and irresponsible, noting that they contributed to the politicisation of a matter that required sober institutional review.
“It is disappointing that some civil society organisations rushed to demand that the Deputy Speaker step aside without allowing due process to run its course. Advocacy for accountability must be guided by facts and fairness, not by sensational pressure.”
The organisation also criticised what it described as the role played by some political actors from the South East who allegedly sought to exploit the controversy for narrow political interests.
According to CRG, it is troubling that certain politicians would attempt to undermine one of their own for short-term political advantage.
“It is even more disturbing that some political actors from the South East appeared eager to weaponise this matter in an attempt to bring down one of their own for cheap political gain. Such actions weaken collective political progress and erode the spirit of solidarity required for national development.”
CRG therefore called on Nigerians to learn from the episode and reaffirm respect for institutional processes and the rule of law.
The organisation stressed that public discourse must be guided by evidence, fairness and responsible engagement rather than rumours or politically motivated campaigns.
“The lesson here is simple: allegations must be tested by competent institutions before conclusions are drawn. Nigeria’s democracy will only grow stronger when due process is respected and reputations are not casually destroyed.”
CRG concluded by congratulating the Deputy Speaker for maintaining calm and dignity throughout the controversy, noting that his composure reflected confidence in the justice system.
@The Centre for Responsible Governance, Email: [email protected], Instagram: crgngo6, Twitter: crgng06, Threads: crgngo6
Politics
Obasa Appointed to CPA African Executive Committee
Obasa Appointed to CPA African Executive Committee
The Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr.) Mudashiru Ajayi Obasa, has been appointed as a Sub-National Representative to the Commonwealth Parliamentary Association (CPA) African Executive Committee.
The announcement was formally conveyed through a letter from the CPA Africa Region, which was read on the floor of the Assembly by the Clerk, Mr. Olalekan Onafeko, on Tuesday, March 10. The appointment confirms Speaker Obasa’s three-year tenure, spanning 2026 to 2029.
Lawmakers took turns to congratulate Speaker Obasa, praising his devotion to parliamentary service and his consistent efforts to strengthen legislative practice. They described his appointment as a recognition of his hard work and a reflection of Lagos State’s growing influence within the Commonwealth. Members noted that his achievements continue to bring pride not only to Lagos but to Nigeria as a whole.
In his remarks, Speaker Obasa expressed gratitude to his colleagues for their support, urging them to remain steadfast in prioritizing the progress of the Assembly and to continue working collectively to advance the legislature. He further directed the Clerk to send a formal letter of appreciation to the CPA African Region for the honour bestowed upon him. “Let us always put the House of Assembly first and never relent in our efforts to move the legislature forward, ” Obasa concluded.
The CPA African Region plays a pivotal role in advancing the interests of African parliaments within the Commonwealth. It is widely recognized for promoting gender equality, women’s empowerment, respect for human rights, democracy, and good governance across member nations.
Politics
TINUBU RENEWS TENURE OF THREE PERMANENT SECRETARIES
TINUBU RENEWS TENURE OF THREE PERMANENT SECRETARIES
President Bola Ahmed Tinubu has approved the renewal of tenure for three Permanent Secretaries in the Federal Civil Service, in line with existing public service regulations.
The approval was disclosed in a statement issued by the Office of the Head of the Civil Service of the Federation, indicating that the renewed appointments will take effect from April 27, 2026.
The affected officials include Kachallom Shangti Daju, Permanent Secretary in the Federal Ministry of Health and Social Welfare; Beatrice Jedy‑Agba, Solicitor-General of the Federation and Permanent Secretary in the Federal Ministry of Justice; and Mary Ada Ogbe, Permanent Secretary in the Federal Ministry of Regional Development.
According to the statement, the renewal represents a second and final four-year tenure for the officials, in accordance with the provisions of Public Service Rule 020909, which allows Permanent Secretaries an initial four-year term with the possibility of a second term based on satisfactory performance.
The Head of the Civil Service of the Federation, Didi Esther Walson‑Jack, congratulated the Permanent Secretaries on their reappointment and urged them to see the renewed mandate as a call to greater dedication and excellence in service delivery.
She further encouraged them to deploy their experience and professional expertise toward strengthening governance and advancing national development.
The statement was signed by Eno Olotu, Director of Press and Public Relations in the Office of the Head of the Civil Service of the Federation, and dated March 6, 2026.
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