Connect with us


BIG STORY

President Tinubu Injects N2trn To Stimulate Economy

Published

on

Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has approved the injection of N2 trillion into the economy to stimulate it.

Wale Edun, the Finance Minister and Coordinating Minister of the Economy, says Tinubu gave the approval on Thursday while unveiling an accelerated stabilisation and advancement plan.

He unveiled the plan while inaugurating the Presidential Economic Coordination Council (PECC) at the State House in Abuja, three months after the formation of a 30-member committee aimed at revitalizing the economy in the short term.

“The sum of that very important exercise is a N2 trillion package involving N350 billion funding for health and social welfare, N500 billion funding for agriculture and food security, N500 billion for the energy and power sector and general business support of about N650 billion,” the minister briefed journalist after the meeting.

“They (PECC members) were presented with the outcomes of Mr. President’s review of the accelerated stabilisation and advancement plan.

“It is an emergency plan to cover the next six months, which Mr. President had directed his economic team, the sub-nationals, and the private sector to put together for his consideration.

“In addition to a range of policy and tax measures, there is a range of executive orders which Mr. President has signed and which are being gazetted to ease the cost of doing business. There are a number of funding which will reduce the cost of interest rates for certain sectors, small and medium scale in particular, but also larger companies.”

The move is coming when the Nigerian economy is facing serious challenges and inflation figures have reached new highs after the removal of fuel subsidy and the floating of the naira.

Labour unions are demanding improved wages, arguing that the cost of living hit new levels.

But Tinubu’s government has repeatedly called for patience and assured Nigerians that its reforms will yield dividends soonest.

BIG STORY

Muiz Banire, Ojora, Alabi,Tokunbo Wahab, Toke Benson, Abisoye Fagade To Grace Seun Oloketuyi’s Book Unveiling

Published

on

The unveiling of Making Movies the Nollywood Way, the latest work by filmmaker and Best of Nollywood Awards founder, Seun Oloketuyi, is set to attract some of Lagos’ most respected figures when it holds on September 7, 2025, at the University of Lagos.

Among the dignitaries confirmed for the event are Muiz Banire, SAN, respected lawyer and former Lagos State commissioner; Honourable Moji Ojora Meranda, Speaker of the Lagos State House of Assembly; Honourable Tokunbo Wahab, Lagos State,Commissioner for the Environment and Water Resources; and Mrs. Toke Benson-Awoyinka, Commissioner for Tourism, Arts and Culture, Abisoye Fagade Dg NIHOTOUR and immediate past Bariga Local Government chairman
Mr Kola Alabi

Their attendance signals not only support for Oloketuyi’s literary effort but also an endorsement of Nollywood’s cultural and economic importance.

Making Movies the Nollywood Way is a coffee-table style book that offers a deep dive into the workings of Nigeria’s film industry. It combines the author’s reflections with the voices of 21 leading Nollywood figures, including Ọpa Williams, Wale Adenuga, and Emem Isong, who share their professional experiences, triumphs, and challenges.

Speaking on the forthcoming unveiling, Oloketuyi described the project as a labour of love aimed at educating, inspiring, and preserving the unique Nollywood filmmaking process. “This book is not just about film; it’s about telling our stories, our struggles, and our successes in a way that resonates with both practitioners and lovers of cinema,” he said.

The event will feature a public reading, a discussion session, and interactions with Nollywood veterans as well as students of the University of Lagos. It is expected to provide an engaging platform for knowledge exchange between industry insiders and aspiring filmmakers.

With the presence of prominent personalities such as Banire, Ojora, Wahab, and Benson-Awoyinka, the unveiling is projected to be both a cultural milestone and a high-profile gathering that underscores Nollywood’s standing as one of the world’s most dynamic film industries.

Continue Reading

BIG STORY

Obasa Hails ‘Jandor’s’ Return To The APC

Published

on

Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa has hailed the return of former Peoples Democratic Party governorship candidate in the 2023 election, Abdul-Azeez Adediran, popularly known as Jandor, to the All Progressives Congress, describing it as a positive development and a major boost for the ruling party in Lagos.

Speaker Obasa, who hosted Jandor on Tuesday at his official residence in Ikeja GRA, expressed excitement over his return to the APC, describing it as the only political platform that truly reflects the aspirations of Lagosians, and indeed, Nigerians.

“We are happy to have you back. This is a very good move,” Obasa said, assuring Jandor of full reintegration and collaboration in the party’s collective pursuit of good governance. The Speaker further praised Jandor for his courage and conviction, stressing that the APC’s inclusive structure provides the right platform for unity and development.

Responding, Jandor, who returned officially to the APC fold in March, thanked Obasa for the warm reception and pledged his commitment to working with the APC for the benefit of Lagos State and Nigeria because, “It is only through unity of purpose, shared sacrifice, and responsible leadership that we can secure a brighter and more prosperous future for every Nigerian.

He also lauded President Bola Tinubu’s recent tax reforms, saying, “Though demanding, the President’s reforms are courageous steps toward re-engineering our economy and laying a firm foundation for progress and prosperity.”

Continue Reading

BIG STORY

Stop Giving Money To Miscreants, Lagos Tells Celebrities, Influencers — Says It Fuels Insecurity, Environmental Problems

Published

on

The Lagos State Government has cautioned celebrities, social media influencers, and residents against giving money to street miscreants, warning that such actions worsen insecurity and environmental issues.

Tokunbo Wahab, the commissioner for environment and water resources, issued the warning in a statement posted on X on Tuesday.

“Celebrities, influencers, and even well-meaning Lagosians must stop giving money to these miscreants. Each time you hand them cash, you are not solving their problem; you are encouraging them to stay on the streets, emboldening them to multiply, and reinforcing a cycle of lawlessness,” Wahab wrote.

He added that what many regard as an act of kindness complicates enforcement and creates broader security challenges.

His remarks followed a complaint by a resident, Olukayode Ajenifuja, who reported harassment along the Lekki-Epe Expressway. Ajenifuja urged the state to deploy the Lagos State Neighborhood Watch to curb extortion, assault, and intimidation by homeless boys and teenagers in the area.

The warning also came after a viral video showed touts and luxury car content creators chasing a convoy believed to be carrying Afrobeats star Burna Boy, attempting to solicit money while recording content. The singer’s security team prevented them from reaching his car.

Wahab said the state government is committed to tackling the menace but urged residents to support the efforts by refusing to encourage the miscreants.

Continue Reading


 


 

 

 

Join Us On Facebook

Most Popular