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Author: Promise Odejide

  • Reps Approve $516m Deutsche Bank Loan for Sokoto–Badagry Superhighway Amid Oversight Conditions

     

    The House of Representatives has approved a $516.3 million syndicated loan from Deutsche Bank AG to finance Section 1 (Phase 1A and 1B) of the Sokoto–Badagry Superhighway project. The approval was reached on Tuesday after lawmakers adopted the report of the House Committee on Aids, Loans and Debt Management during plenary in Abuja. The decision moves forward one of Nigeria’s most ambitious road infrastructure plans linking the northern and southern regions.

    Committee Pushes Strategic Economic Justification

    Presenting the report, Committee Chairman Abubakar Hassan Nalaraba urged lawmakers to support the financing request for the 120-kilometre segment of the project. He stressed that the highway remains central to improving national connectivity and boosting economic integration across regions.

    The motion for consideration was moved by Abdullahi El-Rashid of Dukku/Nafada Federal Constituency in Gombe State and seconded by Bello Isah Ambarura of Illela/Gwadabawa Federal Constituency in Sokoto State. Lawmakers described the project as critical to long-term infrastructure development and trade expansion.

    Clause-by-Clause Approval in Committee of Supply

    The House later dissolved into the Committee of Supply, where the loan proposal was reviewed clause-by-clause before final adoption. Lawmakers approved all five recommendations attached to the request, including its inclusion in the Federal Government’s rolling borrowing plan.

    They also endorsed the financing structure, which includes a partial guarantee by the Islamic Corporation for the Insurance of Investment and Export Credit. The facility carries a nine-year repayment tenor with a moratorium of up to three years and an interest rate benchmarked at CME SOFR plus 5.35 per cent annually.

    Strict Oversight Measures Attached to Approval

    As part of accountability safeguards, the House mandated quarterly reporting from the Federal Ministry of Finance, the Debt Management Office, and the Federal Ministry of Works on project execution and fund utilisation. Lawmakers also insisted that all financing agreements must be submitted to the National Assembly within 30 days of financial close.

    The approval further included provisions for competitive procurement processes, independent technical and financial audits, and periodic assessment of project milestones to ensure transparency and value for money in implementation.

    Tinubu’s Request and National Corridor Vision

    The approval follows an earlier request by President Bola Ahmed Tinubu in April 2026, seeking legislative backing for the external loan facility. In his letter to the National Assembly, the President said the funds would support Sections 1, Phase 1A and 1B of the Sokoto–Badagry Superhighway.

    The project forms part of a broader 1,000-kilometre transport corridor designed to link Nigeria’s North-West to the South-West, passing through Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and terminating in Badagry, Lagos State. The Federal Government says the corridor is expected to strengthen trade routes and improve regional connectivity.

    Oversight Pressure as Borrowing Plan Advances

    While the approval marks progress for the flagship infrastructure project, lawmakers have stressed strict monitoring to prevent misuse of funds and ensure timely delivery. Attention now shifts to implementation agencies and financial institutions as Nigeria deepens its external borrowing strategy for major capital projects.

    The outcome is expected to intensify public scrutiny over debt sustainability, infrastructure delivery, and transparency in the execution of large-scale federal projects.

     

  • Airtime Credit May Return as Court Orders Shake FCCPC Rules, Pressure Mounts on MTN, Airtel

     

    Millions of Nigerian telecom subscribers may soon regain access to airtime and data credit services after two Federal High Court rulings challenged the regulatory basis behind their suspension earlier in April. The development follows weeks of disruption that left prepaid users without access to emergency borrowing options widely relied on across the country.

    Subscribers Stranded as MTN, Airtel Suspend Credit Services

    The services, including MTN Nigeria’s XtraTime and Airtel’s data credit options, were suspended following compliance concerns linked to new digital lending regulations issued by the Federal Competition and Consumer Protection Commission (FCCPC). The sudden halt affected millions of users, especially low-income earners, traders, and small business operators who depend on the services for daily connectivity.

    The disruption triggered widespread frustration as users were cut off from short-term credit facilities often used to manage urgent communication and business needs. Telecom operators had attributed the suspension to regulatory uncertainty surrounding the new framework.

    Lagos Court Restrains FCCPC From Enforcing Regulations

    On April 15, the Federal High Court in Lagos, presided over by Justice A. Lewis-Allagoa, granted an interim injunction restraining the FCCPC from enforcing key provisions of its 2025 Digital, Electronic, Online or Non-Traditional Consumer Lending Regulations against members of the Wireless Application Service Providers Association of Nigeria (WASPAN).

    The court also barred the commission from imposing sanctions or issuing further directives that could disrupt operations within the existing telecom structure. The ruling is seen as a major setback to the regulatory reach of the FCCPC in the ongoing dispute.

    Abuja Court Blocks Suspension of Telecom Infrastructure Access

    In a separate ruling in Abuja, the Federal High Court restrained MTN Nigeria and Airtel Networks Limited from suspending or limiting access to telecom infrastructure for Nairtime Holdings Limited and Nairtime Nigeria Limited. The order specifically covered USSD channels, short codes, SMS platforms, and billing systems tied to airtime credit services.

    The court further stated that telecom operators must respect contractual notice periods and dispute resolution mechanisms before acting on regulatory changes. This effectively questioned the legality of the abrupt suspension carried out by operators in April.

    Regulatory Clash Between FCCPC and NCC Deepens

    At the centre of the dispute is a jurisdictional conflict between regulatory bodies over who controls digital lending services delivered through telecom platforms. The FCCPC had expanded its oversight in July 2025 to cover airtime and data credit services under its digital lending framework.

    However, industry stakeholders insist the services fall under the Nigerian Communications Commission (NCC), citing the Nigerian Communications Act of 2003. They argue that telecom-based credit products should remain within NCC’s regulatory domain rather than consumer protection oversight.

    Industry Pushback and Economic Concerns

    Following the regulatory uncertainty, MTN and Airtel suspended the services pending clarification, a move that triggered backlash from stakeholders and consumers. WASPAN has accused the FCCPC of regulatory overreach, while urging full compliance with court orders and renewed collaboration with the NCC.

    Analysts estimate that airtime lending transactions in Nigeria are valued between ₦500 billion and ₦1.2 trillion annually, highlighting their importance as an informal credit lifeline for millions of Nigerians. The suspension, they note, temporarily disrupted a key financial support system within the telecom ecosystem.

    Restoration Expectations Build as Legal Battle Continues

    Although both cases have been adjourned for further hearings, attention has now shifted to telecom operators and how quickly services may be restored. The court rulings have significantly weakened the justification previously used for the suspension, raising expectations of an imminent return of airtime and data credit services.

    As the legal and regulatory battle continues, stakeholders warn that prolonged uncertainty could further affect consumer access and digital financial inclusion in Nigeria’s telecom sector.

     

  • ₦1m Salary Means Nothing Without Strong Naira, NLC President Ajaero Warns

    The Nigeria Labour Congress (NLC) has warned that a ₦1 million monthly salary will mean little for Nigerian workers if the naira remains weak and inflation continues to rise. NLC President Joe Ajaero made this known on Tuesday in Abuja, stressing that workers are more concerned about the real value of their earnings than the figures on paper. His remarks reflect growing frustration over declining living standards across the country.

    Purchasing Power Drops as Cost of Living Rises

    Ajaero said rising inflation has steadily reduced workers’ purchasing power, making it harder to afford basic needs such as food, transportation, and housing. He explained that the real challenge is not how much workers earn, but how far that income can go in today’s economy.

    “Even if Nigerian workers earn ₦1 million, it will not be meaningful if the naira has no value,” he said. “What we are looking for is a currency that can sustain workers and their families at least to the end of the month.”

    Minimum Wage Negotiations Yet to Begin

    The labour leader clarified that talks on a new national minimum wage have not started, noting that the process follows a legal timeline and cannot be rushed. He dismissed suggestions that negotiations could begin immediately or be influenced by political pressure.

    According to him, discussions will commence at the appropriate time before the current wage structure expires, in line with established procedures. He stressed that due process is necessary to ensure fairness and sustainability in any new agreement.

    Fuel Prices and Inflation Deepen Hardship

    Ajaero linked the worsening economic situation to rising fuel prices, which he said continue to push up transportation costs, food prices, and overall living expenses. He noted that earlier concerns raised by organised labour about global factors affecting local fuel prices have not been adequately addressed.

    “The situation has not improved,” he said, warning that workers are bearing the brunt of policies that leave the economy exposed to external shocks. He called for urgent government intervention to ease the pressure on citizens.

    Pension Concerns and May Day Plans Emerge

    On pension matters, Ajaero expressed concern over the emergence of multiple pension unions, saying it has created confusion within the system. He revealed that the NLC is engaging stakeholders to resolve issues around deductions and remittances.

    Speaking ahead of Workers’ Day, he said any protest would be limited to states yet to fully implement the approved minimum wage. He added that while many states have complied, gaps remain, particularly in local government and education sectors.

    Call for Stronger Economic Policies

    Ajaero reiterated the NLC’s commitment to pushing for policies that improve workers’ welfare and stabilise the economy. He also acknowledged recent federal government steps, including the review of peculiar allowances and the approval of a 100 per cent duty tour allowance for civil servants.

    He expressed hope that these measures would be effectively implemented, noting that lasting relief for workers depends on stronger economic policies and a more stable currency.

  • Daniel Regha Blasts Adeyanju Over ‘No Need for 24-Hour Light’ Comment

    A fresh debate has erupted online after commentator Daniel Regha criticised activist Deji Adeyanju over his stance on Nigeria’s electricity needs.

    The exchange followed Adeyanju’s remarks during a podcast appearance.

    Regha Rejects Adeyanju’s Position

    Reacting on social media, Regha described Adeyanju’s argument as misleading and disconnected from reality.

    “Deji Adeyanju is proof that some youths are no different from our present leaders… Nigerians need 24/7 electricity 100%,” he said.

    He argued that reliable power is essential for businesses and contributes directly to the cost of goods.

    ‘Electricity Is Not a Luxury’

    Regha further maintained that electricity should not be treated as a privilege in any serious country.

    “In a serious country, electricity won’t be divided into bands… provision of light is a social amenity,” he added.

    He also took a swipe at Adeyanju personally during the exchange.

    Adeyanju Explains His View

    Adeyanju had earlier argued that most Nigerians are not demanding round-the-clock electricity, but consistent supply during key hours.

    According to him, access to power in the evening and early morning would meet basic needs for many households.

    “Nigerians just want to come home at 8pm and meet light… and also meet light by 7am,” he said.

    Debate Gains Traction Online

    The disagreement has since sparked wider conversations on social media about electricity supply, affordability, and expectations in Nigeria.

    The issue remains central as Nigerians continue to grapple with unstable power supply across the country.

  • Ruto Says He Was Misquoted Over Nigerian Accent Remarks, Defends English Proficiency Comment

    Kenyan President William Ruto has reacted to criticism over his comments on Nigerian-accented English, saying his remarks were taken out of context.

    The controversy followed his statement during a meeting with Kenyans in Italy on April 20.

    Original Remarks Spark Reactions

    Ruto had suggested that Nigerian-accented English could be difficult to understand and might require a translator, while noting Kenya’s strength in English proficiency.

    The comments triggered widespread reactions online, especially from Nigerians.

    Former Senator Shehu Sani also weighed in, referencing Nigeria’s literary icons in his response on social media platform X.

    Ruto Speaks in Nairobi

    Addressing the issue in Nairobi on April 28, Ruto said he was misquoted and clarified that the remarks came from a private conversation that was later leaked.

    “I was misquoted. All of us in Africa speak good English,” he said.

    He added that his comments were meant to highlight Africa’s general proficiency in English, not to insult any country.

    Defends African Accents

    Ruto insisted that different accents across the continent should not be misinterpreted as poor language skills.

    He also maintained that his point was part of a broader discussion about communication in Africa.

    The clarification comes as debate continues online over language, identity, and regional sensitivities within Africa.

  • Osun Government Deposes Ipetumodu Monarch Oba Oloyede, Declares Stool Vacant After US Fraud Conviction

    The Osun State Government has officially deposed the Apetumodu of Ipetumodu in Ife North Local Government Area, Oba Gbenga Joseph Oloyede, with immediate effect.

    The decision was announced on Monday following approval by the State Executive Council.

    Government Cites Law and Conviction

    In a statement issued by the Commissioner for Information and Public Enlightenment, Oluomo Kolapo Alimi, the government said the action followed due consultation and legal review.

    It stated that the monarch’s conviction in the United States for COVID-19-related fraud influenced the decision.

    “Oba Oloyede… was removed in line with state laws governing traditional institutions,” the statement read.

    Staff of Office Withdrawn, Stool Declared Vacant

    The state government also announced the withdrawal of the monarch’s staff of office and other instruments of authority.

    This effectively declared the throne of Apetumodu of Ipetumodu vacant.

    It added that security agencies have been directed to maintain peace in the community while stakeholders are urged to remain calm.

    Legal Troubles in the United States

    Oba Oloyede, a dual citizen of Nigeria and the United States, was sentenced in August 2025 to four years in prison for leading a COVID-19 loan fraud scheme.

    U.S. authorities said he exploited emergency loan programmes meant for struggling businesses, leading to millions of dollars in losses.

    He was also ordered to forfeit property and pay over $4.4 million in restitution.

    Succession Tensions in Ipetumodu

    The development has deepened tensions in Ipetumodu, with different ruling houses divided over the future of the stool.

    Some stakeholders had earlier called on the state government to declare the throne vacant and begin the process of selecting a new monarch.

    The government, however, said it will communicate the next steps in line with customary and legal procedures.

  • Elderly Man Exhumes Sister’s Remains to Claim Bank Funds, Shocks Officials in India

    An elderly man in eastern India shocked bank officials and customers after exhuming his late sister’s remains to prove her death and access money in her account.

    The incident happened on Monday in the Malipasi area of Keonjhar district in Odisha.

    Went to Withdraw Money, Faced Documentation Demand

    The man, identified as Jitu Munda of Dianali village, reportedly visited the Odisha Grameen Bank branch to withdraw about Rs 20,000 (around $200) from his sister’s account.

    His sister, Kalara Munda, had died on January 26.

    However, bank officials requested official documents before processing the withdrawal.

    Shocking Move Leaves Bank in Disbelief

    Frustrated by repeated visits and delays, Munda returned in a shocking manner.

    He exhumed his sister’s skeletal remains and brought them to the bank as proof of her death, leaving those present stunned.

    “I told them she had died, but they did not listen,” he said.

    Police Step In After Alert

    The incident prompted immediate police intervention after it was reported to authorities in the Patana division.

    Police described the situation as a breakdown in communication and understanding of banking procedures.

    “Jeetu is an illiterate tribal man. He does not understand legal heir procedures,” a police official said.

    Bank Promises Resolution Process

    Following police involvement, bank officials assured that the withdrawal process would be handled properly under legal guidelines.

    Authorities also said steps would be taken to help him obtain the required documents, including a legal heir certificate.

    Reports further indicated that complications arose as the account nominee had also passed away.

    Remains Reburied After Intervention

    The remains were later returned and reburied in the presence of police officers after the situation was de-escalated.

    Local authorities said they were working to ensure the man ultimately receives the funds due to him under the law.

  • Bisi Adewale Warns Against Long ‘Omugwo’ Trips Abroad, Says Couples Must Travel Together

    Marriage counselor and cleric, Bisi Adewale, has cautioned against the growing trend of women travelling abroad for extended childcare support, popularly known as omugwo.

    He expressed concern about the impact of long separations on families, especially elderly couples.

    ‘It Affects Marital Balance’

    Speaking during a recent teaching session, Adewale said the practice often leaves elderly men alone while their wives remain abroad for years.

    He described the situation as unhealthy for emotional connection and marital stability.

    “Another thing I hate is for a woman to escape to Canada to do omugwo for three years… that’s how you’ll see a 75-year-old man going around to buy boli,” he said.

    Calls for Joint Travel Decisions

    The cleric advised couples to take joint decisions when it comes to travelling abroad for family support roles.

    According to him, marriage should remain a partnership regardless of circumstances.

    “If you’re going to Canada, we’re going together… I’ll get a hotel,” he added.

    Concerns Over Family Separation

    Adewale noted that prolonged separation can weaken companionship, especially in older marriages where emotional bonding is crucial.

    He suggested that families should explore alternatives that keep couples together while fulfilling childcare responsibilities.

    Wider Conversation on Migration and Family Life

    His comments add to ongoing discussions in Nigeria about how migration and long-distance family arrangements are reshaping traditional family structures.

    The debate around omugwo abroad continues to generate mixed reactions, especially among younger families navigating global relocation.

     

     

  • Tinubu Tasks Ambassadors to Boost Nigeria’s Image, Drive Investment Push

    President Bola Tinubu has directed Nigeria’s ambassadors and high commissioners to strengthen the country’s global image and attract foreign investment.

    The directive was delivered on Monday at the opening of an induction programme for envoys at the Ministry of Foreign Affairs.

    Focus on Results-Driven Diplomacy

    Represented by the Secretary to the Government of the Federation, George Akume, the President urged diplomats to adopt a more modern and results-oriented approach.

    He said envoys must combine traditional diplomacy with digital engagement, public communication, and strategic outreach.

    Foreign Policy Framework Adjusted

    The administration also announced a refinement of Nigeria’s foreign policy framework, known as the 4D Doctrine.

    Originally built on Democracy, Development, Demography, and Diaspora, the revised approach now places Nigerians at the centre of all engagements.

    ‘Deliver Tangible Benefits’

    According to the government, the shift is aimed at ensuring that international relations translate into real benefits for citizens.

    Tinubu noted that the role of diplomats has become more critical in a rapidly changing global environment.

    Call for Professionalism and Integrity

    The President emphasised the need for professionalism, integrity, and patriotism in the conduct of diplomatic duties.

    He also encouraged the envoys to take full advantage of the induction course, describing it as essential for effective service.

    The government said the training is designed to equip diplomats with the skills needed to represent Nigeria’s interests globally.

     

  • Deji Adeyanju Speaks on Power Crisis, Says Nigerians Don’t Need 24-Hour Electricity

    Nigerian activist Deji Adeyanju has said that most citizens are not demanding 24-hour electricity, but only basic and reliable power supply.

    He made the remark during a recent appearance on The Honest Bunch podcast.

    ‘Nigerians Are Asking for Little’

    According to him, Nigerians would be satisfied with electricity during key hours, especially in the evening and early morning.

    “Nigerians don’t even want 24 hours light… they just want to come home at 8pm and meet light… and also meet light by 7am,” he said.

    He added that this would allow people to rest comfortably at night and prepare for the day ahead.

    Suggests Priority for Industrial Use

    Adeyanju argued that power supply could be prioritised for factories during other periods, while households get access at critical times.

    He maintained that the expectations of citizens remain modest despite the country’s long-standing electricity challenges.

    Calls for Practical Solutions

    The activist stressed that Nigerians are not asking for unrealistic improvements but basic functionality.

    “How can this be too much?” he questioned.

    His comments have added to ongoing conversations around Nigeria’s power supply and the need for more efficient distribution strategies.