Author: DailyNaijaNews

President Bola Tinubu on Thursday stated that his administration inherited a “near-insolvent” treasury and a chaotic economic structure upon assuming office in 2023, but has since implemented bold and painful reforms that are beginning to yield results. Speaking during a state visit and grand reception in Awka, the Anambra State capital, Tinubu said the financial state of the nation was dire when he took over, citing massive public debts, “unsustainable multiple subsidies”, and an unstable foreign exchange regime. “We met near-insolvent public finance, a decades-old monster of unsustainable multiple subsidies, a chaotic and debilitating forex regime,” the President declared. “Just…

The Lagos State Government (LASG) has marked 39 buildings in Eti-Osa Local Government Area, for demolition over encroachment on the Right of Way (RoW). The Commissioner For Environment and Water Resources, Mr Tokunbo Wahab, made this known while speaking with journalists after a drainage enforcement inspection visit to Ikota River on Thursday. Wahab said the buildings would be demolished because of their encroachment on the RoW of Ikota Riverbank. He also issued indefinite quit notices to occupants of the affected properties, urging them to vacate and relocate their belongings before the demolition exercise begins. The News Agency of Nigeria (NAN)…

The Gates Foundation says it will spend $200 billion over the next 20 years to accelerate its mission to help all people live healthy and productive lives. The decision marks a major acceleration in the foundation’s work and sets a new date of 2045 to sunset its operations. The historic announcement, which represents the largest philanthropic commitment in modern history, was shared on Thursday by the foundation’s chair, Bill Gates, in celebration of the foundation’s 25th anniversary. Mr Gates said, “There are too many urgent problems to solve for me to hold onto resources that could be used to help…

A chieftain of the All Progressives Congress in Anambra State, Valentine Ozigbo, has criticised Governor Chukwuma Soludo’s administration, accusing him of style over substance. While extending a courteous welcome to President Bola Tinubu, who visited Anambra on Thursday to inaugurate some of Soludo’s projects, Ozigbo argued that Soludo had performed below expectations. “Governor Soludo’s record is a glaring theatre of missed priorities, misplaced ambitions, and media optics masquerading as progress,” Ozigbo said in a statement released on Thursday. “Governance is not about cutting ribbons on facades while the foundation rots,” he said, criticising the governor’s focus on image-lifting ventures while…

Tragedy struck in Abia State on May 6, 2025, when gunmen ambushed a team of police officers, resulting in the death of one officer and the theft of a firearm. Police sources told Zagazola Makama that at around 8:30 p.m., a team of officers, including ASP Victor Eze and Inspector Nwanochi Ndubuisi, were returning from Port Harcourt, Rivers State, when they were intercepted by five armed assailants dressed in combat attire. The attack took place on a narrow road after a filling station along the Port Harcourt–Aba Road, Asa. During the confrontation, Inspector Christian Gbaratee, was shot dead, while Inspector…

By Jide Olaniran One of the ministries that Lagos State Governor, Mr. Babajide Sanwo-Olu has kept its leadership intact in the last six years is that of Health. And that usually reflects when there is a health emergency in the state vis-a-vis the response time to bringing the situation under control. But beyond emergency, how has the Ministry of Health fared as a critical sector in the human development index?. Commissioner for Health, Prof. Akin Abayomi described the past six years he has been in the saddle as a period of ‘radical transformation in the architecture, access, and resilience of…

By Jide Olaniran Lagos has got a clean bill of health on its economy — courtesy of Fitch Ratings. The internationally renowned rating Agency has upgraded the Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) of Lagos, Kaduna, Kogi, and Oyo states from ‘B-’ to ‘B’. This is a big boost for investors’ confidence and a testimony to the strength of Governor Babajide Sanwo-Olu’s T.H.E.M.E.S+ Agenda — the six-pillar economic plan of the administration. As a city positioned as one of Africa’s economic powerhouses with it’s Gross Domestic Product (GDP) reaching an impressive $259 billion, based on Purchasing Power Parity…

President Bola Tinubu returned to the country on Monday, after a two-week working visit to Europe. The President was received on arrival at the Presidential wing of the Nnamdi Azikiwe International Airport, Abuja, at 9.50 p.m. by Sen. George Akume, Secretary to the Government of the Federation, Nyesom Wike, FCT Minister, and other senior government officials. The President had departed Nigeria on April 2 for Paris, France, where he held a high-level meeting with Mr Massad Boulos, the U.S. Department of State’s Senior Advisor for Africa. The discussion focused on deepening bilateral cooperation to enhance regional security and sustainable economic…

Legendary musician, Ebenezer Obey-Fabiyi, has denied rumours of his death, saying that he is alive, strong, and healthy. In a video on Tuesday morning, Obey-Fabiyi refuted the claim with a spirited performance. Singing in Yoruba, English and Pidgin, he described the news as false. In the video, Obey-Fabiyi sang, “Hello, my name is Professor Ebenezer Obey-Fabiyi.Satan, you don lose o, Satan, you don lose o, you don pafuka. Na lie lie you dey talk, you don pafuka.” The legendary musician, then added, “It is fake news that started a few hours ago claiming that I, Evangelist Obey, have passed on…

Pope Francis revealed his last wishes in his will published Monday, asking to be buried in a simple, unadorned tomb inside his beloved Roman basilica, Santa Maria Maggiore. “Feeling that the sunset of my earthly life is approaching and with lively hope in Eternal Life, I wish to express my testamentary will only as regards the place of my burial,” wrote the pope in his will, dated June 29, 2022, which was published Monday by the Vatican. “I ask that my mortal remains rest awaiting the day of the resurrection in the Papal Basilica of Santa Maria Maggiore,” wrote the…