NEWS
For The Record: Full Text Of Tinubu’s 2025 New Year Message
Fellow Nigerians,
As we enter 2025, I wish everyone a happy and prosperous New Year. May you be rich in joy, success, and good health.
As the new year dawns, it brings many hopes, aspirations, and prospects for better days. By the grace of God, 2025 will be a year of great promise in which we will fulfill our collective desires.
Though 2024 posed numerous challenges to our citizens and households, I am confident that the New Year will bring brighter days.
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Economic indicators point to a positive and encouraging outlook for our nation. Fuel prices have gradually decreased, and we recorded foreign trade surpluses in three consecutive quarters. Foreign reserves have risen, and the Naira has strengthened against the US dollar, bringing greater stability.
The stock market’s record growth has generated trillions of naira in wealth, and the surge in foreign investment reflects renewed confidence in our economy. Nevertheless, the cost of food and essential drugs remained a significant concern for many Nigerian households in 2024.
In 2025, our government is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies. We are resolute in our ambition to reduce inflation from its current high of 34.6% to 15%. With diligent work and God’s help, we will achieve this goal and provide relief to all our people.
In this new year, my administration will further consolidate and increase access to credit for individuals and critical sectors of the economy to boost national economic output.
To achieve this, the federal government will establish the National Credit Guarantee Company to expand risk-sharing instruments for financial institutions and enterprises.
The Company—expected to start operations before the end of the second quarter—is a partnership of government institutions, such as the Bank of Industry, Nigerian Consumer Credit Corporation, the Nigerian Sovereign Investment Agency, and Ministry of Finance Incorporated, the private sector, and multilateral institutions.
This initiative will strengthen the confidence of the financial system, expand credit access, and support under-served groups such as women and youth. It will drive growth, re-industrialisation, and better living standards for our people.
On a personal note, thank you for placing your confidence in me as your president. Your trust humbles me, and I promise to continue serving you diligently and wholeheartedly.
We will continue to embark on necessary reforms to foster sustainable growth and prosperity for our nation.
I seek your cooperation and collaboration at all times as we pursue our goal of a one trillion-dollar economy. Let us stay focused and united.
We are on the right path to building a great Nigeria that will work for everyone. Let us not get distracted by a tiny segment of our population that still sees things through the prisms of politics, ethnicity, region, and religion.
CITIZENSHIP
To achieve our national goals and objectives, we must become better citizens and uncompromising in our devotion and allegiance to Nigeria.
Citizens’ moral rectitude and faith in our country are fundamental to the success of the Renewed Hope Agenda. In 2025, we will commit to promoting adherence to ethical principles, shared values, and beliefs under the National Identity Project.
I will unveil the National Values Charter, already approved by the Federal Executive Council, in the first quarter of 2025. I will launch an ambitious national orientation campaign that fosters patriotism and love for our country and inspires citizens to rally together. The Charter will promote mutual commitments between the government and citizens and foster trust and cooperation among our diverse population and between the government and the citizens.
As far-reaching and foundational as our reforms are, they can produce the desired outcomes only through shared common values and identities and unconditional love for our country.
The Youth Confab will begin in the first quarter of 2025, a testament to our commitment to youth inclusiveness and investment as nation-builders. The Ministry of Youth will soon announce the modalities for selecting the conference’s representatives from our diverse, youthful population.
Dear Compatriots, I urge you to continue believing in yourselves and keeping faith in our blessed country.
Let me use this New Year’s message to urge our governors and local council chairpersons to work closely with the central government to seize emerging opportunities in agriculture, livestock, and tax reforms and move our nation forward. I commend governors who have embraced our Compressed Natural Gas initiative by launching CNG-propelled public transport. I also congratulate those who have adopted electric vehicles as part of our national energy mix and transition. The Federal Government will always offer necessary assistance to the states.
To all citizens, your sacrifices have not been in vain over the past 19 months. I assure you they will not be in vain even in the months ahead. Together, let us stay the course of nation-building.
The New Year will bring us closer to the bright future we all desire and the Nigeria of our dreams.
God bless you all, and may God bless our beloved country, Nigeria.
Happy New Year and a prosperous 2025 to you all!
Bola Ahmed Tinubu,
President of the Federal Republic of Nigeria
January 1, 2025
NEWS
Borno Gets Tough: Gov’t Bans Street Hawking, Other Activities
The Borno State Urban Planning and Development Board (BSUPDB) has banned street hawking and other illegal activities in Maiduguri, in a bid to maintain order and enhance urban development.
Announcing the decision on Friday, the General Manager of the board, Limán Mustapha, said the directive aligns with the Borno State Urban Planning and Development Law of 2002.
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The ban targets key areas such as the Post Office and Monday Market, where street hawkers, tricycle operators, and generator mechanics have been prohibited.
The directive also bans activities on pedestrian walkways, junctions, and roundabouts.
Other prohibited activities include the sale of engine oil on road reservations, dumping of sand or building materials, mixing of cement on roads, and the construction of boreholes by roadsides.
“All affected individuals and businesses are required to vacate these locations immediately,” Mustapha said. “The board has no alternative but to arrest and prosecute defaulters in a court of law.”
The general manager stressed that the measure is necessary to create a clean, safe, and organized urban environment in Maiduguri and other parts of the state.
Mustapha urged residents and business owners to comply with the directive, warning that legal actions would be taken against defaulters.
This crackdown is part of ongoing efforts to address urban congestion, improve public safety, and promote sustainable development in Borno State’s capital.
International News
Zambian Detective Arrested For Releasing 13 Suspects While Drunk
A detective inspector in Lusaka is under arrest following a bizarre New Year’s Eve incident in which he allegedly freed 13 suspects from police custody while intoxicated.
Detective Inspector Titus Phiri, stationed at Leonard Cheelo Police Station, reportedly seized the keys to the detention cells while under the influence of alcohol.
He then unlocked both male and female detention cells, telling the suspects they were “free to cross over into the new year.”
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The suspects were being held on serious charges, including assault, robbery, and burglary. Of the 15 detainees in custody, 13 escaped during the incident.
Police spokesperson Rae Hamoonga confirmed the events, stating that Inspector Phiri forcibly took the keys from Constable Serah Banda before fleeing the scene himself.
“Mr. Phiri, in a state of intoxication, disregarded his duties and allowed suspects to flee custody,” said Hamoonga.
The detective was arrested following the incident, and a manhunt is now underway to recapture the escaped suspects. Inspector Phiri has not yet issued a statement or responded to the allegations.
The incident has sparked comparisons to a controversial New Year’s Eve event in 1997. Former presidential spokesperson and lawyer Dickson Jere weighed in on the matter, describing the current case as both comical and troubling.
“I keep laughing each time I picture the scenario—comical! But then, I remembered a similar incident in 1997,” Jere wrote on Facebook.
Jere was referencing the late High Court Judge Kabazo Chanda, who ordered the release of 53 detainees on New Year’s Eve 1997, citing frustration over delays in bringing the suspects to trial. “Justice delayed is justice denied,” Judge Chanda famously declared.
While some have criticized Inspector Phiri’s conduct, others have pointed to broader systemic issues that allow such incidents to occur.
Authorities are continuing their efforts to locate the escaped suspects, as the case draws national attention for its unusual circumstances and broader implications for justice in Zambia.
NEWS
How NNPC Turned Down Dangote’s $750M Offer To Manage Refineries – Obasanjo
Nigeria’s former President Olusegun Obasanjo has disclosed that the Nigerian National Petroleum Corporation (NNPC), now the Nigerian National Petroleum Company Limited (NNPCL), turned down a $750 million proposal from billionaire Aliko Dangote in 2007 to manage three of the country’s refineries.
In an interview with Channels Television on Thursday, Obasanjo revealed that the offer covered the Port Harcourt, Warri, and Kaduna refineries and was intended as a Public–Private Partnership (PPP) arrangement to revive and operate the facilities.
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Despite NNPC’s acknowledged inability to manage the refineries effectively, it rejected the proposal, he said.
“It was after that, Aliko got a team together, and they paid $750 million to take part in PPP in running the refineries,” Obasanjo stated.
“My successor refunded their money, and I went to him and told him what transpired. He said NNPC wanted the refineries and could run them. I said, but you know they cannot run it.”
The former president explained that Dangote’s proposal came after Shell declined an earlier request to manage the refineries, citing corruption, poor maintenance, and low production output as reasons.
Obasanjo admitted that Shell’s assessment was credible. “If a company like Shell rejected my offer based on their reasons, I will believe them,” he said.
Obasanjo expressed regret over the financial mismanagement that followed. “I was told not too long ago that since that time, more than $2 billion has been squandered on the refineries, and they still will not work,” he lamented.
He also questioned the logic behind NNPCL’s current collaboration with Dangote’s private refinery project, which is poised to revolutionize Nigeria’s oil industry.
“Not only will he make it [his refinery] work, but he will also make it deliver,” Obasanjo remarked.
Using an analogy, he criticized the handling of Nigeria’s refineries.
“Whether we announce our own government refineries working or not working, it is like a man who plants 100 heaps of yam and says he planted 200 heaps. After he harvests 100 heaps of yam, he will also harvest 100 heaps of lies.”