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Naira Redesign Has Minimized Money Influence In Politics — Buhari

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President Muhammadu Buhari says the naira redesign policy of the Central Bank of Nigeria (CBN) has minimized the influence of money in Nigeria’s politics.

Speaking in a televised nationwide address on Thursday, Buhari said the development is a positive departure from the past and a legacy for his administration.

“Fellow citizens, on the 25th of February, 2023 the nation would be electing a new President and National Assembly members,” he said.

“I am aware that this new monetary policy has also contributed immensely to the minimization of the influence of money in politics.

“This is a positive departure from the past and represents a bold legacy step by this administration, towards laying a strong foundation for free and fair elections.”

The president urged Nigerians to vote for their preferred candidates in the forthcoming polls without fear and eschew violence.

“I urge every citizen, therefore, to go out to vote for their candidates of choice without fear, because security shall be provided and your vote shall count,” he said.

“I however admonish you to eschew violence and avoid actions capable of disrupting the electoral processes. I wish us all a successful general election.”

Recall that on October 26, 2022, Godwin Emefiele, CBN governor, announced the plan to redesign the biggest denominations of the country’s currency to control the money supply and aid security agencies in tackling illicit financial flows.

Emefiele had said the new notes (N200, N500, and N1000) would be effective from mid-December 2022, advising customers to deposit their old notes before January 31, 2023, when they would cease to be legal tender.

The January 31 deadline sparked controversies as many Nigerians could not access the new naira notes.

On January 29, Emefiele said Buhari had approved the extension of the phase-out to February 10.

On February 8, the supreme court temporarily restrained the federal government from banning the use of the old naira notes from February 10, 2023, pending the hearing of the matter on February 15.

Despite the court’s order, Emefiele insisted on the deadline.

On Wednesday, the apex court adjourned the hearing of the case to February 22 and insisted the old naira notes are still legal tender.

The scarcity of old naira notes sparked violent protests in many parts of the country as banks and automated teller machines (ATMs) were torched.

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‘Miracle Money’ Gospel Undermining Nigeria’s Development — Prof. Yemi Osinbajo

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Former Vice-President Yemi Osinbajo has cautioned Nigerian churches against promoting messages centred on miracles and prosperity without responsibility, saying such teachings undermine national development.

Osinbajo spoke in Lagos on Thursday at the 80th birthday lecture of Mike Okonkwo, presiding bishop of The Redeemed Evangelical Mission (TREM). The 24th edition of the Mike Okonkwo Annual Lecture was themed “The Nigeria Of Our Dream: Today’s Reality and a Responsible Pathfinder.”

Delivering a lecture titled “Church as a Responsible Pathfinder in Attaining the Nigeria of Our Dreams,” Osinbajo said only values of integrity, productivity, and responsibility can transform the nation and curb corruption.

“If the gospel is preached correctly, it will create renewed, regenerated men and women. We cannot build a nation on the doctrines of miracle money and shortcuts. True gospel preaching instils diligence, honesty, and responsibility. That is what changes societies,” he said.

The former vice-president warned that Africa’s failure to add value to its natural resources has kept it poor despite vast endowments. He cited cocoa production as an example, noting that while Africa grows the raw material, countries without cocoa dominate global profits by processing it into chocolate.

Osinbajo also drew lessons from the Puritans in Europe, who, he said, transformed their societies by emphasising integrity, hard work, and ethical living.

In his remarks, Bishop Okonkwo urged Nigerians to reflect on the country’s progress nearly 65 years after independence, stressing that every citizen has a role in nation-building.

“The Nigeria of our dreams can be realised, but every one of us must play our part. Responsibility cannot be shifted; we all must take it,” he said.

The chairman of the occasion, retired Major-General Ike Nwachukwu, described Nigeria as “a land of immense promise” constrained by poverty amidst plenty. He called for leaders and citizens who would rise above self-interest to pursue the common good.

At the event, Davina Phillips, winner of the Mike Okonkwo Essay Competition, received a cash prize of ₦1 million.

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Nigeria Politics Is About Betrayal – I Witnessed It In 2015 — Goodluck Jonathan

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Former President Goodluck Jonathan has said that betrayal is a common feature of Nigerian politics, recalling his experience during the 2015 general elections.

Jonathan spoke on Thursday at the 70th birthday celebration of Mike Oghiadomhe, former Edo deputy governor, in Benin, the state capital.

“Politics in the Nigerian standard is about betrayals. I witnessed a lot of betrayal during the 2015 election,” Jonathan said.

He noted that many politicians lack consistency, adding that few can be trusted.

“You will find it difficult to see somebody who will say the same thing in the morning and say the same thing in the afternoon and in the evening,” he said.

“They will tell you something this minute, and in the next hour, they will say another. But, I am quite pleased to associate with Oghiadomhe.”

The former president praised Oghiadomhe as a dependable ally, describing him as someone who would “take a bullet” on his behalf.

“For me, he is somebody you can take his words to the bank. Most politicians, you cannot take their words to the bank,” Jonathan added.

Oghiadomhe, who served as Edo deputy governor between 1999 and 2007, was Jonathan’s chief of staff from 2010 to 2014.

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FAAN Issues Travel Advisory As Reconstruction Of MMIA Terminal One Commences

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The Federal Airports Authority of Nigeria (FAAN) has announced the commencement of reconstruction works at Terminal One of the Murtala Muhammed International Airport (MMIA), Lagos.

In a travel advisory issued on Friday, the authority urged passengers to leave early for the airport to avoid missing their flights during the period of rehabilitation.

“To ensure a smooth travel experience, we kindly request that passengers leave early for the airport to avoid missing flights, obey all traffic instructions to aid traffic flow, and park vehicles properly in designated car park areas,” FAAN said.

The agency also advised that only travellers should come to the airport, citing limited space during the reconstruction process.

On August 1, the Federal Executive Council (FEC) approved contracts worth over ₦900 billion for infrastructure upgrades in the aviation sector. Festus Keyamo, minister of aviation, said at the time that the centrepiece of the projects would be the rehabilitation and modernisation of MMIA’s Terminal One.

According to him, the project will involve a complete overhaul of the terminal, including the rebuilding of its mechanical, electrical, and plumbing systems.

Keyamo disclosed that the rehabilitation of the Lagos airport terminal is expected to cost ₦712.25 billion, with a completion timeline of 22 months.

FAAN appealed for the cooperation of passengers and other airport users, adding that the reconstruction is part of broader efforts to modernise the country’s aviation infrastructure.

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