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“Nigeria Is In The Hands Of Wrong Managers Who Do Not Know What To Do” -Fayose

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Ekiti State Governor, Mr Ayodele Fayose has said that Nigerians were suffering under the All Progressives Congress (APC) government of President Muhammadu Buhari because “the country is in the hands of wrong managers who do not know what to do are not r‎eady to be assisted.”
The governor said “presently, Nigerians are suffering; they are hungry and angry because the APC federal government has ran the country aground,” adding that; “Nigeria has gone beyond recession, the economy has collapsed completely and painfully, those who should revive the economy do not have any clue as to what to do.”

In a statement issued in Ado-Ekiti on Sunday, by his Special Assistant on Public Communications and New Media, Lere Olayinka, Governor Fayose said Nigeria was experiencing the worst form of nepotism in the history of government in the country, stressing, “nepotism is the reason our President discarded competent people in his party that should be running the government with him and opted for his relatives, friends, in-laws and very close associates.‎

“The only qualification to hold key positions in the Presidency is to know a certain nephew of the President or be a member of his family, that’s nepotism and what nepotism breeds is incompetence.

“The most influential person in the Presidency today is said to be one Mamman Daura, who is a nephew of the President. Personal Assistant to President Buhari is said to be the son of Mamman Daura while the State Chief of Protocol is said to be married to Mamman Daura’s daughter.‎

“It is also the height of nepotism that apart from just two, all security chiefs and heads of all the paramilitary agencies in Nigeria, as well as all the political-heads overseeing all the military and paramilitary arms and agencies are from the North of Nigeria,” the governor said.

He said President Buhari was obviously being tormented by fear of the unknown, which he described as the main reason people take to nepotism.

“As a leader, you don’t need to fear anything. But the moment a leader peeps into the future, realising that his lack of capacity could have consequential effects on him, such a leader will definitely resort to nepotism to protect himself.

“Also, the moment a government is unable to guarantee the existence of the people, it must resort to nepotism to protect itself and that is exactly what is being witnessed in Nigeria, especially with the lopsided appointments of security chiefs and key functionaries of the Federal Government,” he said.

While lamenting the parlous state of the country’s economy, Governor Fayose said; “Most of those people that aided the emergence of President Buhari must be having a rethink now, but it is too late!

“Interestingly, political affiliation has nothing to do with hunger, poverty and lack.

“Exchange rate was less than N200 to $1 when President Buhari took over power, as at today, it has gone beyond N400 to $1 and Naira is still undergoing a free fall. One bag of rice was less than N8, 000 as at May 2016, it is now N20, 000. Kerosene is now beyond the reach of the masses.

“Nigerians voted for change because the APC promised them solutions to the country’s problems, but all we hear every day from the APC Federal Government are complaints upon complaints as if Nigerians elected a government of complaints.

“Obviously, the APC government has failed Nigerians and the President has resorted to putting his immediate family members and close associates in key government positions to protect himself from the f‎ear of the unknown that has enveloped him.”

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NECO Releases 2026 SSCE Results as 58.67% Secure English, Maths Credits

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The National Examinations Council (NECO) has released the results of the 2026 Senior School Certificate Examination (SSCE) Internal, with 58.67 per cent of candidates obtaining at least five credits, including English Language and Mathematics.

NECO Registrar and Chief Executive, Professor Dantani Wushishi, announced the results on Thursday at the council’s headquarters in Minna, Niger State.

A total of 1,378,048 candidates registered for the examination, comprising 682,352 males and 695,696 females. Of the registered candidates, 1,371,992 eventually sat for the examination.

According to NECO, 804,948 candidates, representing 58.67 per cent, obtained five credits and above, including English Language and Mathematics. Another 1,162,118 candidates, representing 84.70 per cent, obtained at least five credits irrespective of their results in the two subjects.

The 2026 examination was conducted between June 15 and July 23 across Nigeria and six foreign countries: Benin Republic, Equatorial Guinea, Niger Republic, Côte d’Ivoire, Togo and Saudi Arabia. The nationwide marking exercise took place from August 17 to September 4.

NECO also reported a significant reduction in examination malpractice. The council said the number of candidates involved in malpractice fell from 3,878 in 2025 to 1,406 in 2026, representing a 64.74 per cent decline.

The registrar attributed the reduction to strengthened examination monitoring, improved processes and collaboration with security agencies and other stakeholders.

The council also disclosed that candidates with special needs participated in the examination, as part of its efforts to make the examination process more inclusive.

NECO said candidates can now access their results through its official result-checking platform using their examination registration details.

The release of the results comes 63 days after the conclusion of the 2026 SSCE examination.

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Nigeria’s FX Supply Rises 20.5% to $8.94bn in 2025

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Nigeria’s foreign exchange supply increased by 20.5 per cent to $8.94 billion in 2025, up from $7.43 billion recorded in 2024, according to data from the Central Bank of Nigeria (CBN).

The figures were contained in the apex bank’s 2025 Statistical Bulletin and represent an increase of about $1.51 billion in annual foreign exchange supply.

Monthly figures showed that supply remained relatively low at the beginning of 2025 before rising significantly in March and April.

FX supply stood at $590.64 million in January and $607.63 million in February. It then climbed to $1.04 billion in March before reaching its highest monthly level of $1.65 billion in April.

However, supply declined in the following months, falling to $838.93 million in May and $676.31 million in June. It recovered slightly to $759.02 million in July before dropping to $677.84 million in August and $399.80 million in September.

October recorded the lowest monthly figure for the year at $150.10 million. Supply later recovered to $638.38 million in November and $910.73 million in December.

The CBN also reported that total foreign exchange inflows into Nigeria rose from $96.53 billion in 2024 to $109.86 billion in 2025, representing a 13.81 per cent increase.

However, foreign exchange outflows also increased during the period, rising by 27.83 per cent from $38.37 billion to $49.05 billion.

As a result, Nigeria recorded a net foreign exchange inflow of $60.81 billion in 2025, compared with $58.16 billion in 2024.

The CBN data, however, do not provide a detailed breakdown of the sources of the $8.94 billion supplied during the year.

The increase in FX supply comes amid continued efforts to improve liquidity and stability in Nigeria’s foreign exchange market, although the market remained volatile in 2026.

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Dangote Reacts to Viral Memes as Nigerians Joke About Refinery Ownership

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Africa’s richest man and President of Dangote Group, Aliko Dangote, has reacted to the wave of viral memes generated by Nigerians who recently bought shares in the Dangote Petroleum Refinery.

The memes emerged following the launch of the refinery’s Initial Public Offering (IPO) on the Nigerian Exchange on September 14, with investors jokingly presenting themselves as business partners and co-owners of the multibillion-dollar refinery.

Dangote addressed the trend while speaking with CNN correspondent Larry Madowo at the Unstoppable Africa 2026 summit in New York.

The billionaire said the IPO was designed to attract investors from across Africa, with an ambition of having up to 10 million shareholders.

According to Dangote, the objective is to broaden ownership and increase participation in Africa’s capital markets.

He also expressed confidence in the future value of the company, saying the share price would continue to grow and that he expected the refinery to become Africa’s most profitable company.

The viral memes began after the minimum subscription was set at 10 shares, allowing more Nigerians to participate in the offer with a relatively small amount of money.

Some new shareholders jokingly demanded board meetings, while others posted memes portraying themselves as senior executives of the refinery. The trend even inspired humorous videos from Nigerian comedians and content creators.

Reuters also reported that the IPO triggered significant interest among retail investors, with some digital investment platforms experiencing technical difficulties as people rushed to participate.

The Dangote Refinery IPO involves 4.1 billion ordinary shares, with the offer scheduled to close on October 13, 2026. The funds are intended to support the company’s expansion plans, including an increase in refining capacity.

Dangote also said the expected number of shareholders could be so large that the company’s annual general meeting would need to be held in a stadium.

The development has turned what is essentially a major capital-market transaction into a major social-media talking point, with Nigerians using humour to celebrate their newly acquired stakes in one of the country’s biggest industrial projects.

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