Politics
Nigerian Senate urges CBN to Relax Forex Policy
He gave this charge during a meeting with the Managing Director of the International Monetary Fund, IMF, Christine Lagarde, disclosing that small businesses were being made to suffer unnecessarily as a result of the policy.
He called on the apex bank to introduce a more flexible foreign exchange regime and reduce the present restrictions on the autonomous market, which does not allow business men bring in foreign exchange or utilise what they have in their accounts.
The Senate President had equally canvassed a similar view at a private meeting with CBN Governor, Mr. Godwin Emefiele, during which he implored him to consider the effects of the present forex regime on small businesses which were dying, following dwindling crude oil revenue.
Saraki also told Lagarde that “The IMF should support our CBN to bring in low interest loans to SMEs. We need to encourage entrepreneurs and make most of our new graduates job creators rather than job seekers. This is an area where we need the financial support and technical assistance of the IMF.”
He explained that his office had received numerous complaints from small business owners, complaining that their businesses were being threatened by the huge bottlenecks now involved in doing business.
“As legislators, we play an important role in making our people understand IMF’s advice, policy trade-offs, consultations and other engagements, so that ownership, transparency and accountability are brought to bear on economic policy choices.
“The Nigerian legislature strongly believes that having a collaborative working relationship with the Executive Branch of government brings development closer to the people.
“Since the advent of the new administration, we have worked closely to stabilize the economy and steady the fiscal environment. This, we have indeed demonstrated by the speedy passage of the Medium Term Expenditure Frame Work (MTEF) and recently in the postponement of our recess in order to receive President Muhammadu Buhari to present the 2016 Appropriation Bill.
“The purpose of our Legislative Agenda is to enable us focus our lawmaking in areas that will help create jobs, expand our infrastructure base and make our economy work for the benefit and happiness of the majority of our people.
“Pivotal to the attainment of this objective is the state of the Nigerian business environment. In collaboration with major stakeholders, the 8th Senate is presently signing a memorandum of understanding on Enhancing Nigerian Advocacy for Better Business Environment Project, a National Assembly business and investment roundtable initiative, with developmental organizations”, the Senate President said.
The Senate President used the occasion to call on the Central Bank of Nigeria (CBN) to ensure that in reacting to recent developments in the economy, it does not devalue the Naira for the mere sake of devaluation.
News
BREAKING: Tinubu Directs EFCC To Vacate Order Freezing Osun Government Account

President Bola Tinubu has reportedly directed the Economic and Financial Crimes Commission (EFCC) to withdraw its directive restricting access to Osun State Government’s account, following the controversy surrounding the account freeze.
The development comes after the EFCC placed a Post-No-Debit (PND) restriction on an Osun State Government statutory allocation account domiciled with First Bank, preventing withdrawals from the account as part of an ongoing investigation.
The action sparked a political uproar after Osun State Governor, Ademola Adeleke, accused the anti-graft agency of attempting to cripple government operations ahead of the state’s governorship election. The governor argued that freezing a state government account lacked legal justification and could affect the payment of salaries and other government obligations.
Sources familiar with the matter said President Tinubu’s intervention was aimed at resolving the dispute and preventing further escalation between the federal agency and the Osun State Government. The EFCC had earlier maintained that the restriction was connected to an ongoing investigation and that several government officials had been invited in connection with the probe.
The account restriction had heightened political tension in Osun, coming shortly before the state’s governorship election, with opposition figures and observers questioning the timing of the action.
As of the time of this report, further details on the formal communication between the Presidency and the EFCC, including whether the restriction has been officially lifted, are still awaited.

Politics
2027: Amaechi Has No Electoral Value In Rivers State – Wike

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has described former Rivers State Governor and ex-Minister of Transportation Rotimi Amaechi as a politician with no meaningful electoral value in Rivers State or the South-South region.
Speaking during a media chat in Abuja, Wike argued that Amaechi has consistently failed to deliver significant votes in presidential elections despite serving as a two-term governor of Rivers State, Director-General of presidential campaigns, and a senior minister in the federal government. He questioned the basis for Amaechi’s political relevance ahead of the 2027 elections.
Wike further claimed that if Amaechi is being considered for a major national political role, such as a vice-presidential candidate, it could not be because of his electoral strength. According to the FCT minister, Amaechi’s record in previous elections does not demonstrate the capacity to influence voting outcomes in Rivers State.
The minister also insisted that Rivers State remains firmly under his political influence, maintaining that opposition parties would struggle to make electoral gains in the state. He argued that the support his political structure enjoys is based on governance and development projects delivered to the people.
Wike’s remarks add another chapter to the long-running political rivalry between the two former Rivers governors, as political alignments continue to take shape ahead of the 2027 general elections.
Politics
Dele Momodu Urges Tinubu to Campaign on Performance, Not Propaganda Ahead of 2027

A chieftain of the African Democratic Congress (ADC), Dele Momodu, has urged President Bola Tinubu to base his 2027 re-election campaign on the performance of his administration rather than political propaganda. He argued that Nigerians would judge the president by his record in office, not by campaign rhetoric.
Speaking during an interview on Channels Television’s Sunrise Daily, Momodu said there was no personal hostility towards Tinubu, insisting that what voters want to see are tangible achievements that have improved their lives. He maintained that if the administration has delivered on its promises, presenting a credible scorecard should be enough to convince Nigerians to support another term.
Momodu also advised members of the ruling All Progressives Congress (APC) to focus on highlighting the government’s accomplishments instead of engaging in political attacks against opponents. According to him, the electorate is more interested in governance outcomes than partisan exchanges.
The veteran journalist questioned the APC’s continued practice of blaming previous administrations for the country’s challenges after spending more than three years in office. He argued that Nigerians now expect solutions and measurable progress rather than explanations about inherited problems.
His comments come as political activities intensify ahead of the 2027 general election, with parties and prospective candidates positioning themselves for what is expected to be another highly contested presidential race.
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