NEWS
‘Nigeria Better Off Now Than In 1960’ — Onanuga Fires Back At Adesina
Presidential adviser Bayo Onanuga has pushed back against comments made by Akinwumi Adesina, the outgoing president of the African Development Bank, who recently claimed that Nigerians are economically worse off today than they were at the time of independence.
Adesina reportedly based his conclusion on a comparison of GDP per capita, stating that it was $1,847 in 1960 and has dropped to $824 in 2025.
However, Onanuga strongly contested this data, calling it inaccurate and misleading.
“According to Nairametrics, he claimed that Nigeria’s GDP per capita in 1960 was $1,847 and that it is $824 today. The quoted figures are not correct,” Onanuga wrote in a post on X (formerly Twitter) on Monday.
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He argued that based on historical data, Nigeria’s GDP in 1960 stood at $4.2 billion, with a population of 44.9 million. This would put the per capita income at just $93, not the $1,847 claimed by Adesina. “Ninety-three, not even one hundred dollars,” he emphasized.
Onanuga further explained that significant economic expansion only began in the 1970s, fueled by booming oil revenues.
He pointed out key milestones: GDP reaching $12.55 billion in 1970, rising to $27.7 billion in 1975, and hitting $164 billion in 1981. During this period, per capita income also fluctuated, peaking at $2,187 in 1981 before falling to $1,844 the following year. It later reached $3,200 in 2014 after a GDP rebasing.
“These facts raise questions about the source of Dr. Adesina’s figures,” Onanuga said, expressing skepticism over the data used to support Adesina’s argument.
Beyond questioning the statistics, the presidential aide challenged the reliance on GDP per capita as a sole measure of national well-being.
“GDP per capita is not the only criterion used to determine whether people live better lives now than in the past. Indeed, it is a poor tool for assessing living standards,” he stated.
He noted that GDP does not account for how wealth is distributed or reflect informal economic activities and broader quality of life indicators.
For example, he pointed to Nigeria’s advancements in telecommunications. While the country had just 18,724 telephone lines for about 45 million people in 1960, today over 200 million Nigerians use mobile and digital services.
“Does this MTN experience correlate with a country worse off than in 1960, when we had analogue telephones and the number of lines was fewer than 20,000?” he asked, citing MTN’s reported N1 trillion revenue and 84 million users in the first quarter of 2025.
Onanuga also accused Adesina of making politically charged statements that lacked proper verification.
“Adesina spoke like a politician, in the mould of Peter Obi, and did not do due diligence before making his unverifiable statement,” he wrote.
He concluded by asserting that Nigeria’s economy today is vastly more advanced than it was at independence.
“Today, as we await the NBS’s recalibration of our GDP, we can comfortably say without contradiction that it is at least 50 times, if not 100 times, more than it was at Independence,” he said.
NEWS
2026 Poll: Osun Ndigbo Backs Adeleke’s Second-Term Bid
Ahead of the 2026 governorship election, the Ndigbo community across the local government areas of Osun State has declared its support for the second-term bid of Governor Ademola Adeleke.
A government house statement in Osogbo on Wednesday night has it that ndi Igbo cited his administration’s developmental strides across the state for their decision.
The endorsement was made during a courtesy visit by leaders of the Igbo community in Osun to the governor at the Government House in Osogbo, where they commended his leadership and commitment to inclusive governance.
ALSO READ: Adeleke on Why he Deserves Second Term
Speaking on behalf of the association, President-General of the Ndigbo in the state, Chief John Dike, praised the governor for the infrastructural and social development projects being carried out across the state.
He particularly commended the governor for appointing some members of the Igbo community as Senior Special Assistants, describing the gesture as a sign of recognition and inclusion of the community in the affairs of the state.
Chief Dike, however, appealed for further inclusiveness, requesting that more Igbo indigenes be considered for appointments into the state cabinet and other employment opportunities within the government.
He also urged the state government to allocate land for the construction of a modern secretariat for the Igbo community and grant approval for an endorsement rally in support of the governor’s re-election bid.
In addition, the Ndigbo leader sought assistance for Igbo farmers operating within the state, while assuring the governor of the community’s unwavering support for his administration and second-term ambition. Members of the delegation also presented campaign caps to the governor as a symbol of their solidarity.
Responding, Governor Adeleke expressed appreciation for the endorsement, noting that the Igbo community has continued to contribute positively to the social and economic development of the state.
He assured them that his administration would continue to promote their welfare and support their progress, while granting the requests presented during the visit.
NEWS
Adeleke on Why he Deserves Second Term
Osun State Governor, Senator Ademola Jackson Nurudeen Adeleke, has declared that his administration’s record of performance and fulfilment of electoral promises justifies a second term in office.
A government house statement in Osogbo on Wednesday has it that the governor made the declaration while hosting a delegation of the Ansar-Ud-Deen Society of Nigeria (ADS), Osun State Council, during a courtesy visit to the Government House, Osogbo.
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It was gathered that the delegation was led by the National Vice President of the society, Asiwaju Justice Adeigbe (Rtd), alongside the Chairman of the Osun State chapter, Chief Daud Oladapo.
Speaking on behalf of the delegation, the State Secretary of the society, Dr Afeez Akande, praised the Governor’s performance and pledged the support of the organisation for the continuity of the administration.
“We have been following what you are doing and your track records. You are wonderful and you are marvelous in our eyes. The monumental works you have been doing in Osun make it look like we have never had a Governor like this before,” Dr Akande said.
He noted that the administration’s projects are known for timely delivery and strategic impact on the lives of residents.
“We have identified that once you embark on projects, they are time-bound. It shows genuine administrative acumen, love for the state and love for the people,” he added.
Dr Akande also cited infrastructural developments, specifically the ongoing dualisation of roads, notably that of Iwo as an example of the Governor’s vision-driven leadership.
“That road project has helped to boost economic activities in the area. Such development can only come from someone with vision who follows through with implementation. We appreciate what you are doing and we are resolved to support the continuity,” he said.
Responding, Governor Adeleke thanked the delegation for the visit and reaffirmed his commitment to people-centred governance.
“Today marks the starting point of campaigning for the August 15, 2026 governorship election. We need your prayers and support for a free and fair election through which the will of the people will prevail,” the Governor said.
Governor Adeleke also unveiled an upgraded Five-Point Agenda that will drive his re-election campaign.
“Our reloaded Five-Point Agenda will focus on integrated youth, women and workers’ welfare and empowerment; infrastructure consolidation for citizens’ social and economic wellbeing; agro-industrial expansion for human development and collective prosperity; affordable and qualitative health and education access; and an improved and secured business environment for job creation,” the Governor stated.
Explaining why he deserves a second term, the Governor pointed to the administration’s record across several sectors.
“When the opposition asked whether I deserve to be re-elected, I told them yes based on my performance in this first term in office,” the Governor said.
“I deserve re-election because of what our administration has delivered for the people of Osun. We have empowered the cooperative movement with almost four billion naira, strengthened community development associations with grassroots health and infrastructure projects, and implemented the Imole Medical Outreach that has benefited almost eighty thousand residents.”
He added that the administration has also revived agriculture and rural development across the state.
“We revived the cocoa revolution through aggressive seedling distribution and new farmers’ initiatives, acquired brand new tractors now serving farmers across the state, and implemented thousands of local projects through integrated rural development under the O-RAMP programme,” he said.
Governor Adeleke further highlighted achievements in governance, infrastructure and economic management.
“We introduced a 45-day window for the acquisition of Certificates of Occupancy, revived the Osun Free Trade Zone with active investors, digitised tax and revenue collection, and implemented the SIFMIS payroll application to ensure transparency in the management of public funds,” he stated.
The Governor also cited major achievements in infrastructure and social services.
“We have constructed over 350 kilometres of roads, developed three major flyover bridges, revived six moribund waterworks, drilled 332 boreholes across wards, rehabilitated schools and health centres, and paid inherited half salaries and almost one hundred billion naira in pension debts,” he added.
Governor Adeleke assured the people of Osun that his administration will continue to deliver inclusive governance and sustainable development if re-elected.
“My promise to the people of Osun is that now and when we are re-elected, we will continue to run an inclusive and forward-looking government that keeps the people at the centre of our programmes and policies,” he said.
Other dignitaries, and political functionaries present included the Deputy Governor of Osun State, Prince Kola Adewusi, and the Head of Service, Elder Ayanleye Aina.
NEWS
Fuel Price Shock: Nigerians May Soon Pay ₦1,500 Per Litre – Marketers Warn
Oil marketers have warned that Nigerians may soon pay as much as ₦1,500 per litre for Premium Motor Spirit (PMS), commonly known as petrol, as global oil prices surge following the escalating conflict involving Iran in the Middle East.
The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr. Billy Gillis-Harry, issued the warning on Tuesday while speaking on a television programme on the impact of the global crisis on fuel prices.
According to him, the current volatility in the international oil market has already pushed petrol prices above ₦1,000 per litre at the depot level, with the ex-depot price from the Dangote Petroleum Refinery now standing at about ₦1,175 per litre.
He explained that once logistics, transportation, and other operational costs are added, the final pump price could rise significantly, possibly reaching ₦1,500 per litre in the near future.
Despite concerns about the rising cost of fuel, Gillis-Harry noted that steady availability of petroleum products from the Dangote Refinery remains a major relief for Nigeria, stressing that consistent supply is better than a nationwide fuel scarcity.
He added that the refinery’s production capacity is helping to stabilize supply across the country at a time when global markets remain highly unstable.
The latest price adjustment by the Dangote Refinery marks the fourth review within two weeks. Petrol prices increased from ₦995 per litre to ₦1,175 per litre, while diesel rose from ₦1,430 to about ₦1,620 per litre.
The development comes amid a sharp spike in international crude oil prices triggered by fears of supply disruptions due to the ongoing Middle East conflict.
Brent crude recently climbed above $102 per barrel, while West Texas Intermediate (WTI) rose to around $101 per barrel.
Industry analysts say the rising oil prices are already having a ripple effect on Nigeria’s downstream petroleum sector, forcing depot operators and fuel marketers to adjust their prices in response to the global market trend.
Meanwhile, the management of Dangote Petroleum Refinery has stated that although Nigeria introduced a crude-for-naira arrangement to support local refineries, the facility still purchases crude oil at international market prices, leaving it exposed to global price fluctuations.






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