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WHERE IS NIGERIA TODAY UNDER PRESIDENT BOLA TINUBU

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PRESIDENT TINUBU CONGRATULATES JIM OVIA ON ADMISSION TO THE FREEDOM OF THE CITY OF LONDON

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).

 

WHERE IS NIGERIA TODAY UNDER PRESIDENT BOLA TINUBU

 

 

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

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Lagos Assembly Charges Security Agencies To Redouble Efforts In Combating Extortion By Miscreants

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Lagos Assembly Charges Security Agencies To Redouble Efforts In Combating Extortion By Miscreants

Lagos Assembly Charges Security Agencies To Redouble Efforts In Combating Extortion By Miscreants

 

Acknowledging that the scourge of brazen extortion by miscreants on Lagos streets was on the increase, the Lagos State House of Assembly has called on the Commissioner of Police, CP Olohunda Moshood Jimoh, and heads of other security agencies to intensify intelligence gathering with the latest security apparatuses, increase surveillance on black spots across the metropolis, and, where necessary, arrest such miscreants, and have the state rehabilitate them.

Lagos Assembly Charges Security Agencies To Redouble Efforts In Combating Extortion By Miscreants

Hon. Sanni Okanlawon (representing Kosofe Constituency 1) raised the alarm at plenary Tuesday, May 6, under ‘Matter of Urgent Public Importance’ stating; “The unlawful extortion of stranded and innocent motorists by miscreants remains a growing concern that demands urgent attention. Nobody on the streets of Lagos is immune to their activities. If left unchecked, they could render the state unsafe.” He painted different unsavoury scenarios of how the street urchins operate brazenly, which he described as unacceptable, and called for urgent intervention to protect road users.

Supporting the motion, Hon. Kehinde Joseph (Alimosho Constituency II) noted that this particular trend threatens the safety and sanity of road transportation in the state. Hon. Desmond Elliot (Surulere Constituency 1) corroborated this and emphasised the need for active surveillance by security agencies. He also suggested the involvement of the National Drug Law Enforcement Agency (NDLEA), noting that many of the offenders act under the influence of illegal substances.

Similarly, Hon. Aro Moshood (Ikorodu Constituency II) urged the Commissioner of Police to set up a tactical team dedicated mainly to road monitoring because “It is high time the government took the bull by the horns.” Commending Hon. Okanlawon for moving the motion, Hon. Adebola Shabi (Lagos Mainland Constituency 2) said local government chairmen have a huge role in combating this menace. Effective strategies, she added, have to be devised while recommending the installation of CCTV cameras at identified black spots.

However, Hon. Obafemi Saheed (Kosofe Constituency 2) disclosed that the government has invested heavily in security through the Lagos State Security Trust Fund, LSSTF, and, therefore, should not sit back and watch miscreants take over the city.

Speaker of the Assembly, Rt. Hon. (Dr.) Mudashiru Obasa commended Hon. Okanlawon and the lawmakers who contributed robustly to the debate. He said that the police and other security agencies, including the Lagos Neighbourhood Safety Corps (LNSC), must collaborate to ensure that Lagos remains safe for residents, commuters, and visitors alike.

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Lagos Assembly Summons Lands Bureau over Allocations, Recurring Land-Related Issues

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Lagos Assembly Summons Lands Bureau over Allocations, Recurring Land-Related Issues

Lagos Assembly Summons Lands Bureau over Allocations, Recurring Land-Related Issues

The Lagos State House of Assembly has summoned the state Lands Bureau to appear before it to provide clarity on previous allocations and recurring land-related issues. It also approved land compensation for communities where the state government acquired lands for public use.

At plenary last Thursday, the House adopted the recommendations of the Committee on Rules and Business on a petition titled “Application by Oriba Community in Epe Local Government to join in the petition of Ladaba Community” presented by Hon. Noheem Adams.

Lagos Assembly Summons Lands Bureau over Allocations, Recurring Land-Related Issues

Following the presentation of the report, the House unanimously adopted the recommendations as its resolution by asking the bureau to appear before it with proper documents to explain the status of lands acquired by the state. The committee also recommended that the bureau issue excision/allocation letters to the 68 affected communities, while their Certificates of Occupancy (C of O) should be ready within one month of the House’s resolution.

Members who lent their voices to the matter commended the committee for ensuring they got justice for the affected communities and suggested that their compensation should be increased from 20% to 25%.

In his summation, Speaker of the House, Rt. Hon.. (Dr.) Mudashiru Ajayi Obasa acknowledged the need for increased compensation but noted that the state government has its plans. Particularly, he endorsed the allocation of 20% (2,000 hectares) of the 10,000 hectares acquired by the state government as compensation.

Speaker Obasa further recommended that the committee should collaborate with the Lands Bureau, Office of the State Surveyor General, and New Towns Development Authority for the effective implementation of the recommendations.

The Lagos State Lands Bureau is responsible for land administration and management. It oversees key activities such as land allocation, issuance of Certificates of Occupancy (C of O), land registration, and the management of state-owned lands.

Its primary goals include ensuring equitable and transparent land transactions, facilitating urban planning, and supporting economic development by maintaining an organized system of land ownership. The bureau also handles disputes related to land and implements policies to optimize land use while protecting public interests.

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Oluremi Tinubu and Aisha Achimugu: A Bond Forged in Compassion, by Olabode Opeseitan

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Oluremi Tinubu and Aisha Achimugu: A Bond Forged in Compassion, by Olabode Opeseitan

 

 

Two women with two distinct destinies. One, Oluremi Tinubu, Nigeria’s First Lady, is a political luminary and steadfast advocate for the marginalized. The other is Aisha Achimugu, a trailblazing entrepreneur who conquered the male-dominated oil and gas sector, yet wears her heart on her sleeve for humanity.

 

 

Oluremi Tinubu and Aisha Achimugu: A Bond Forged in Compassion, by Olabode Opeseitan 

 

Though their paths differ, their souls converge in two profound ways: an unyielding passion for women’s empowerment and a lifelong covenant with charity.

 

 

For Oluremi, empowering women and uplifting the vulnerable is not merely a mission—it’s her oxygen. From founding the New Era Foundation as Lagos’ First Lady to launching her Renewed Hope Initiative as Nigeria’s First Lady—a platform championing youth and girl-child education and spearheading transformative projects like the Community ICT Hub—she has turned biblical compassion into action. Her unalloyed commitment to charitable virtues shone brightly during the commissioning of the hub in Ibadan, a Federal Government collaboration under her RHI that bridges the digital divide for thousands, revealing a heart that beats for the forgotten.

 

 

 

In Aisha Achimugu, Oluremi unknowingly finds a kindred spirit. Aisha’s SAM Empowerment Foundation has illuminated the futures of countless Nigerian girls through scholarships, mentorship, and vocational training, transforming aspirations into tangible opportunities. Her compassion radiates beyond borders, driven by a pan-African vision to uplift communities wherever the need arises. Whether empowering women in Nigeria’s underserved regions or advocating for sustainable livelihoods across the continent, Aisha’s mantra—“When God has blessed you, be a blessing to others”— resounds in every act of service. From rebuilding lives shattered by poverty to fostering dignity through education, her golden heart has become a beacon of hope for Africa’s most vulnerable.

 

 

 

Yet, their journeys have not been without storms. Both women have endured savage media trials—unfairly judged, their reputations scrutinized. Society often forgets: behind the headlines are mothers, leaders, and humanitarians whose “crimes” are loving too fiercely and giving too generously. They are imperfect, as all humans are, but in their relentless generosity, they mirror the very best of what humanity can be.

 

 

 

To Oluremi and Aisha: Your resilience in the face of adversity is a testament to your unbreakable spirits. When cynics question your motives, remember the girls now coding in Ibadan’s ICT Hub, the mothers reclaiming their futures through vocational training, and the orphans who see you as their lifeline. Do not relent. For every life you touch—whether through education, healthcare, or the quiet restoration of dignity—a ripple of hope spreads. Your legacies are not etched in headlines but in healed hearts and transformed destinies.

 

 

We see you. We celebrate you. And we beg you: keep shining.

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