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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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Obasa Warns Dissidents as Agege Affirms Hamzat as APC governorship candidate

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Obasa Warns Dissidents as Agege Affirms Hamzat as APC governorship candidate

Obasa Warns Dissidents as Agege Affirms Hamzat as APC governorship candidate

 

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has issued a strong warning to dissidents within the All Progressives Congress, APC, that are spreading false reports about the House of Assembly primaries held Wednesday, May 20 across all the wards in the local government.

 

Supervising officers from the Independent National Electoral Commission (INEC) announced the immediate past Executive Chairman of Agege Local Government Area, High Chief Ganiyu Kola Egunjobi, and Barrister. Azeez Oladapo Ninalowo as winners of Agege Constituencies I and II respectively. Egunjobi polled 10, 126 votes while Ninalowo scored 12, 455 votes. Both candidates had earlier emerged as consensus aspirants during a caucus meeting of the party presided over by Speaker Obasa last Tuesday.

 

Obasa spoke at the Agege Stadium earlier today, Thursday, May 21, as the APC faithful and stakeholders converged in their thousands to affirm incumbent deputy governor, Dr Obafemi Hamzat, as the consensus candidate of the party in the 2027 governorship election.

 

Speaking on the outcome of the primaries, Obasa declared: “We’ve done everything according to the dictates of the party. Dr Obafemi Kadiri Hamzat is our governorship candidate. Senator Idiat Adebule is our candidate in the Lagos West Senatorial District, and Mudashiru Obasa is the candidate for Agege Federal Constituency in the House of Representatives. Collectively, we have decided and we are standing by the decision of our members.”

 

He commended INEC and security agencies “for helping us to have a free, fair, and transparent exercise devoid of violence and disorderliness.” The Speaker also praised party members for their loyalty and steadfastness, stating: “Agege is always here for the party. We are always present. When you are a member of a party, you should always participate in all its activities. Why will anyone who isn’t here claim to be part of us?

 

“You can’t be absent from all primaries and still claim that you are with us. We have conducted House of Representatives, Senate, House of Assembly, and Governorship primaries, yet some disgruntled party members have consistently stayed away. It is not possible. They are not part of us.”

 

Further, Obasa said: “We should be mindful of the people we send to represent us in any position. If they disregard us, we will wait until their tenure expires and remove them. The beauty of any political structure is continuity. Agege remains a shining example of a well-structured political organisation at the local government level.

 

“Nothing was done by subterfuge; everything was done in the open. INEC, DSS, Police, the media, and party leaders were all present. There’s nothing to fear. If anybody is initiating fake reports, let them continue. Anybody who has a problem should go and challenge the result in court. After the general election, maybe they will wake up,” he added.

 

With Hamzat’s candidacy sealed and Obasa drawing a hard line against internal dissent, Agege has sent a clear message: the APC’s fortress stands on loyalty and discipline, and those unwilling to march in step will be left behind as the party advances toward 2027.

 

Obasa Warns Dissidents as Agege Affirms Hamzat as APC governorship candidate

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The All Progressives Congress (APC) in Edo State deserves commendation for the peaceful, transparent, and highly successful conduct of its primary elections across the various elective positions

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The All Progressives Congress (APC) in Edo State deserves commendation for the peaceful, transparent, and highly successful conduct of its primary elections across the various elective positions, 

……ranging from the State House of Assembly to the House of Representatives and the Senate.

 

The victories recorded so far are not just individual triumphs, but collective victories for the party, democracy, and the good people of Edo State. The process has once again demonstrated the maturity, strength, and internal democratic values of our great party.

 

Special appreciation must also go to His Excellency, the Executive Governor of Edo State, Senator Monday Okpebholo whose wisdom, leadership, fairness, and large-heartedness ensured the conduct of rancour-free primaries that have left party members satisfied and proud of the APC family.

 

As we look forward with great optimism to the presidential primary tomorrow, we remain confident that the same spirit of unity, peace, and brotherhood will prevail.

 

Congratulations to all the winners. As leaders entrusted with the confidence of the party, we urge them to be magnanimous in victory, extend hands of fellowship to other contestants, and work together in the overall interest of the APC and the progress of Edo State.

 

Together, we shall continue to build a stronger, united, and victorious party.

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Governor Dauda Lawal Emerges APC Consensus Governorship Candidate for Zamfara 2027 Election

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Governor Dauda Lawal Emerges APC Consensus Governorship Candidate for Zamfara 2027 Election

 

Governor Dauda Lawal Ph.d has officially emerged as the governorship candidate of the All Progressives Congress (APC) for the 2027 election in Zamfara State, following a consensus arrangement adopted by the party for its primaries.

 

The governor secured the ticket after party members and supporters gathered across various wards to endorse him as the APC’s flagbearer for the forthcoming election. The consensus model, which allowed party stakeholders to unite behind a single candidate, was embraced as a strategy to avoid a contentious primary and strengthen internal cohesion ahead of the 2027 polls.

 

Speaking with journalists shortly after the exercise, Governor Lawal expressed profound gratitude to party members for the confidence reposed in him. He reaffirmed his commitment to the people of Zamfara, pledging to consolidate ongoing developmental projects aimed at improving the lives of residents across the state.

 

“I am deeply honored by the trust and support of our party faithful,” Lawal said. “We will not relent in our efforts to deliver meaningful development, enhance security, and create opportunities for all citizens of Zamfara State.”

 

His emergence underscores the party’s push to build continuity and strong leadership in the northwest region.

 

Political analysts note that the adoption of consensus candidate signals the APC’s preference for unity and reduced internal friction as the party prepares for the next electoral cycle.

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