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Presidency defends Tinubu’s economic reforms

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By Philippine Duru

philippineobetoduru@gmail.com

08034905774

 

 

 

The Presidency has defended the economic reforms of President Bola Ahmed Tinubu, insisting that the administration has successfully revived Nigeria’s economy and placed it on a path of sustainable growth, while dismissing recent criticisms by former Vice President Atiku Abubakar as being based on outdated economic figures.

 

In a statement issued on Monday, the Presidency said Atiku’s assessment of the nation’s economy failed to reflect the latest macroeconomic indicators, arguing that significant improvements recorded over the past year demonstrate that the government’s reform agenda is beginning to yield positive results.

 

According to the Presidency, President Tinubu inherited an economy burdened by unsustainable fuel subsidies, multiple foreign exchange rates, declining public revenues, rising debt obligations, and weak investor confidence. It maintained that although the reforms introduced by the administration were initially difficult, they were necessary to stabilize the economy and lay the foundation for long-term prosperity.

 

The statement noted that key economic indicators have improved under the current administration, citing stronger foreign exchange reserves, increased government revenues, a more stable exchange rate, easing inflationary pressures, improved oil production, renewed investor confidence, and sustained growth in the Nigerian capital market.

 

The Presidency argued that reforms such as the removal of petrol subsidies, liberalisation of the foreign exchange market, tax reforms, enhanced revenue mobilisation, and renewed efforts to attract both domestic and foreign investments have begun to restore confidence in Africa’s largest economy.

 

It further stated that Nigeria’s Gross Domestic Product (GDP) has continued to expand despite global economic uncertainties, while reforms in the banking, energy, agriculture, and digital economy sectors are creating new opportunities for businesses and investors.

 

Responding specifically to Atiku’s criticism, the Presidency said the former vice president relied on economic statistics that no longer reflect the country’s current realities.

 

According to the statement, recent data released by government agencies and international financial institutions point to improving economic fundamentals, contrary to the gloomy picture painted by the opposition.

 

The Presidency also highlighted improvements in Nigeria’s external reserves, stronger fiscal revenues, increased non-oil exports, and greater transparency in public finance management as evidence that the administration’s policies are delivering measurable outcomes.

 

It acknowledged that many Nigerians continue to face high living costs and economic hardship but stressed that the government has introduced several intervention programmes aimed at cushioning the impact of the reforms. These include targeted social investments, support for small and medium-sized enterprises, agricultural financing, student loans, infrastructure development, and programmes designed to improve food security.

 

The statement maintained that structural reforms often require time before their full benefits become evident, adding that the administration remains committed to implementing policies that will stimulate economic growth, create jobs, reduce poverty, and strengthen the country’s fiscal position.

 

The Presidency urged Nigerians to assess the administration’s performance using current economic data rather than outdated statistics, insisting that the economy is gradually recovering from years of structural imbalances.

 

It reaffirmed President Tinubu’s commitment to sustaining the reform agenda, saying the government remains focused on building a resilient, competitive, and inclusive economy capable of delivering long-term prosperity for all Nigerians.

 

The latest exchange reflects the continuing political debate over the state of Nigeria’s economy, with the Presidency insisting that ongoing reforms are producing positive results, while opposition figures continue to question the pace at which ordinary Nigerians are experiencing the benefits.

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KACRAN urges northern governors to adopt Buni’s economic blueprint, seeks FG’s soft loans

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By Philippine Duru

philippineobetoduru@gmail.com

08034905774

 

The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has challenged the 18 Northern governors to adopt the commercial development blueprint of Yobe State Governor, Mai Mala Buni, as a strategy to tackle worsening unemployment, insecurity and economic decline across Northern Nigeria.

The association also called on President Bola Ahmed Tinubu to introduce accessible soft loans and special intervention funds to support traders and entrepreneurs, particularly those operating in newly constructed modern markets.

KACRAN said the intervention would stimulate commercial activities, create employment opportunities, reduce insecurity and contribute significantly to Nigeria’s Gross Domestic Product (GDP).

In a statement issued on Tuesday, October 13, 2026, and signed by its National President, Hon. Khalil Mohd Khalil, the association lamented the deteriorating economic and security situation in Northern Nigeria, describing it as a sharp departure from the region’s prosperous past.

It recalled that between the 1960s and 1990s, Northern Nigeria enjoyed relative peace, economic prosperity, strong communal relationships and a thriving commercial environment that attracted investors and traders from across Nigeria and beyond.

According to the association, the region was once renowned for its hospitality, trustworthiness, agricultural productivity and economic opportunities, which enabled young people to establish businesses and secure employment with relative ease.

KACRAN expressed concern that insecurity, industrial collapse, unemployment and growing ethnic, religious and political mistrust had undermined these achievements.

It particularly lamented the devastating impact of insurgency on farming, livestock production and fishing, warning that the increasing number of unemployed youths posed serious threats to food security and national stability.

“Anyone who knew the North of Sir Ahmadu Bello, the Sardauna of Sokoto, and sees the North of today, must shed tears and begin to think deeply on how to restore its lost glory and make it compete favourably with any region in the world,” the statement said.

The association identified Governor Buni’s investments in commercial infrastructure as a practical model for reversing the region’s economic decline.

It commended the governor for investing billions of naira in the construction of modern markets, trailer parks and agricultural processing facilities despite the security challenges that have affected Yobe State over the years.

KACRAN disclosed that the Buni administration had embarked on the construction of 19 modern markets across the state’s 17 local government areas.

According to the association, markets have been completed in Potiskum, Damaturu, Gashua, Nguru, Gaidam and other major towns, while projects in several other locations are at advanced stages of completion.

It explained that Gujba and Fune local government areas were among those designated to benefit from two modern markets each.

The association further disclosed that the administration had constructed a trailer park in Potiskum, while another facility was under construction in Damaturu to strengthen transportation and commercial activities.

It also highlighted the establishment of four sesame seed cleaning and packaging factories in Nguru, Machina, Damaturu and Potiskum as part of efforts to promote agricultural industrialisation and create employment opportunities.

KACRAN maintained that the projects had stimulated economic activities, restored confidence among business operators and generated thousands of direct and indirect employment opportunities.

The association particularly praised the state’s Commissioner for Commerce, Industry, Tourism and Solid Minerals, Hon. Kaigama Umar, for what it described as his commitment to the implementation of the governor’s economic development agenda.

It said Umar’s administrative experience and relationship with the business community had contributed significantly to the execution of the projects.

Calling for the replication of the initiative across the North, KACRAN said the region urgently needed deliberate investments in commercial infrastructure, industrial development and employment generation.

“On this note, KACRAN passionately challenges the 18 Northern Governors to adopt Governor Buni’s Commercial Revolution Blueprint as a workable template to revive the economy of the entire Northern Nigeria,” the statement said.

The association stressed that infrastructure development alone would not achieve the desired economic transformation without adequate financial support for traders, small businesses and entrepreneurs.

It consequently appealed to the Federal Government to establish financing arrangements that would enable business operators to access affordable credit and expand their operations.

“We also urgently call on His Excellency, President Bola Ahmed Tinubu, GCFR, to complement this laudable effort by providing accessible soft loans and special intervention funds for businessmen and women who have now secured befitting modern markets.

“This will boost their capital, create millions of jobs along the commercial value chain, drastically reduce insecurity, and significantly increase our nation’s GDP,” KACRAN stated.

The association expressed optimism that similar investments across the 18 Northern states, complemented by financial support for businesses, could help revive the region’s commercial activities and reduce the economic pressures contributing to insecurity.

It also commended the Permanent Secretary of the Yobe State Ministry of Commerce, Industry, Tourism and Solid Minerals, the ministry’s directors, the Managing Director of the Yobe State Investment Company, general managers and other officials for their roles in supervising the projects.

KACRAN urged political leaders across the region to prioritise economic recovery, job creation and sustainable commercial development over political differences.

It maintained that the economic transformation being pursued in Yobe State should serve as a broader development model for Northern Nigeria and the country.

“This revolution is not just for Yobe, it is for the North and for Nigeria,” the association declared.I can also make the story more investigative and compelling, with a stronger opening focusing on how insecurity, unemployment and the collapse of industries have devastated Northern Nigeria, before introducing Governor Buni’s economic revival programme.

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Swiftthinkers Essay Competition: 40 Lagos pupils qualify for next stage

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By Philippine Duru

philippineobetoduru@gmail.com

08034905774

 

A teacher, Temilola, has expressed satisfaction with his pupil’s performance in the Swiftthinkers Essay Competition, urging pupils to remain determined and persistent in their academic pursuits.

Temilola, who commended the pupil’s performance, emphasized the importance of perseverance, noting that academic success goes beyond passing or failing.

“I am excited he did well. I always tell my pupils that life is not about passing or failing. It is about not giving up,” Temilola said.

The Swiftthinkers Essay Competition is an initiative designed to promote academic excellence among pupils by assessing their knowledge and skills in key subject areas, including language, numerical analysis and reasoning.

The competition provides a platform for pupils to demonstrate their intellectual abilities while encouraging a culture of learning, critical thinking and determination.

The initiative was supported by UAC Foods, BOLAD Catering Services and Hothobs.

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KACRAN raises alarm over livestock exodus, warns of threat to food security

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By Philippine Duru

philippineobetoduru@gmail.com

08034905774

 

The Kulen Allah Cattle Rearers Association of Nigeria (KACRAN) has raised the alarm over the growing movement of livestock from Nigeria to other African countries, warning that the trend could threaten the nation’s food security, economic growth and national security.

 

The association called on Northern governors and other political leaders to urgently address the situation by strengthening livestock production, improving security and introducing policies to protect the country’s breeding stock.

 

In a press statement signed by its National President, Hon. Khalil Mohd Bello, and dated September 29, 2026, KACRAN expressed concern over what it described as a massive depletion of Nigeria’s livestock resources.

 

The association attributed the situation to insecurity, cattle rustling, inadequate grazing reserves, a shortage of water points and what it called the neglect of the livestock sector by some Northern state governments.

 

According to KACRAN, the situation has worsened in recent years, with pastoralists and their animals reportedly moving to neighbouring African countries in search of safer and more favourable conditions.

 

The association identified Gabon, the Central African Republic, Benin Republic, Togo, Burkina Faso, Cameroon, Chad and Ghana among the destinations, while also citing increased livestock movement to Southern Nigeria.

 

KACRAN expressed particular concern over the increasing number of cattle, sheep and rams reportedly transported from major livestock markets in Northern Nigeria to other African countries.

 

It identified Potiskum, Damaturu, Maiduguri, Ngalda and Gombe as some of the markets affected by the trend.

 

The association claimed that about five trailers of sheep and rams leave the small ruminants market in Potiskum daily for destinations in Burkina Faso, Côte d’Ivoire and Togo.

 

It further alleged that the volume of livestock transported to these countries now exceeds the number traditionally supplied to Southern Nigerian markets.

 

While acknowledging that livestock trading across borders is a legitimate business, KACRAN argued that greater efforts should be made to retain more of the trade within Nigeria by encouraging traders to supply markets in Lagos, Port Harcourt, Asaba and other Southern cities.

 

According to the association, such a strategy would help retain economic value within the country and improve domestic livestock availability at a time when insecurity and diplomatic challenges have reportedly affected livestock supplies from neighbouring Niger Republic, Chad and Cameroon.

 

The association warned that the continued movement of livestock out of Nigeria could further increase prices, making animals increasingly unaffordable for ordinary citizens during religious celebrations and other social occasions.

 

It cited current ram prices ranging from ₦300,000 to ₦1 million, depending on size, as an indication of the growing financial burden on consumers.

 

KACRAN also expressed concern that the situation could make it increasingly difficult for Nigerians to purchase livestock for Eid-el-Kabir and other celebrations if urgent measures are not taken.

 

The association stressed that protecting domestic livestock production was essential to food security, job creation and reducing Nigeria’s dependence on imported milk, meat and other livestock products.

 

To address the situation, the association urged Northern governors and political leaders to introduce immediate measures to protect the country’s livestock resources and strengthen the sector.

 

Among its recommendations, KACRAN called for an immediate embargo on the exportation of female animals and young breeding stock to other countries to protect Nigeria’s breeding capacity.

 

It also urged governments to identify major livestock exporters and provide them with soft loans and incentives to redirect their businesses towards domestic markets, particularly in Southern Nigeria.

 

The association further called for increased investment in livestock development through the rehabilitation of grazing reserves and cattle routes, alongside the provision of animal feed and reliable water points.

 

On security, KACRAN urged authorities to intensify efforts to combat cattle rustling and banditry, which it said had contributed significantly to livestock losses in the North-West, North-East and North-Central regions.

 

It also advocated the introduction and multiplication of improved livestock breeds to increase production and strengthen the country’s livestock population.

 

Other recommendations included providing affordable loans to livestock traders, farmers, fish farmers and businesses operating across the livestock value chain.

 

KACRAN called on state governors, local government chairmen, traditional rulers, businesspeople, security agencies and other stakeholders to work together to reverse the reported decline in Nigeria’s livestock resources.

 

The association maintained that a stronger livestock sector could generate employment for young Nigerians, conserve foreign exchange, increase government revenue and contribute significantly to the country’s gross domestic product.

 

It warned that failure to address the challenges confronting pastoralists and livestock producers could further weaken domestic production and undermine the country’s capacity to meet its growing demand for animal protein.

 

The association therefore urged Northern leaders to treat livestock development as a national economic and food security priority rather than an issue affecting pastoralists alone.

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