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Tinubu Calls For African Credit Rating Agency

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Nigeria’s President, Bola Ahmed Tinubu declared his strong support for an African-led credit rating agency (ACRA).

This was revealed in a statehouse statement on Sunday night, by the Special Adviser to the President, (Information & Strategy), Bayo Onanuga.

President Tinubu, the statement has it, noted that it would provide fairer, more transparent credit assessments for African economies.

“An independent African-led rating agency will help provide fairer assessments of African economies and reduce the bias often observed in existing global rating agencies,” the President said.

President Tinubu commended the African Union (AU), the African Development Bank (AfDB), and the Specialised Technical Committee (STC) on Finance for their visionary leadership in advancing an African framework for financing development among member states.

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He noted that the Africa Financing Stability Mechanism (AFSM) is crucial as the continent continues to face significant challenges, including rising borrowing costs, debt overhang, low domestic resource mobilisation, and limited access to long-term affordable financing.

“The establishment of the AFSM underscores the collective commitment of member states in addressing financial vulnerabilities and fostering economic resilience across the continent.

“This mechanism is envisioned to support member states in achieving their national development objectives, and it will also help create economic opportunities for citizens,” he said.

The Nigerian leader acknowledged the significant progress made at the 5th Extraordinary Session of the Specialized Technical Committee on Finance, held in November 2025 in Abuja, Nigeria, which reached key decisions.

“The adoption of the AFSM by member states is expected to enhance financial stability, strengthen resilience against external shocks, and provide a more coordinated approach to managing financial risks across the continent,” he said.

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Politics

PDP’s Festering Crisis Chases Tambuwal to ADC

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The lingering intra-party crisis in the Peoples Democratic Party (PDP) has forced senator representing Sokoto South, Aminu Tambuwal to dump the party for the African Democratic Congress (ADC).

Tambuwal, a former governor of Sokoto State, disclosed this in a resignation letter dated March 11, 2026, addressed to the PDP ward chairman in Tambuwal/Shinfiri Ward of Tambuwal Local Government Area.

The letter, which was made available to journalists on Thursday, said the decision followed consultations with his political associates and supporters.

ALSO READ: NNPC Secures Tinubu’s Approval for $20bn FID on Bonga Deepwater Project

“After deep reflection and extensive consultations with my political associates and supporters, I have decided to resign my membership of the Peoples Democratic Party with immediate effect,” Tambuwal stated.

According to the former Speaker of the House of Representatives of Nigeria, lingering disputes and leadership disagreements in the PDP made it increasingly difficult for him to remain in the party.

“The persistent internal crises, leadership disagreements and growing divisions within the party have made it increasingly difficult for me to continue my membership,” he added.

Despite leaving the party, the senator expressed appreciation to the PDP for the opportunities it gave him to serve in different capacities.

“I remain grateful to the party for the platform it provided me to serve Nigeria as Speaker of the House of Representatives and later as Governor of Sokoto State,” he said.

Tambuwal confirmed that he had joined the ADC alongside his political associates and supporters, describing the move as part of efforts to strengthen democratic values and provide a credible political alternative.

“My decision is guided by the conviction that Nigeria requires a stronger political platform built on integrity, accountability, inclusiveness and a clear commitment to national development,” he added.

Tambuwal served as Speaker of the House of Representatives between 2011 and 2015 before emerging governor of Sokoto State in 2015 under the All Progressives Congress (APC). He later defected to the PDP the same year and was re-elected governor in 2019.

After completing his second term in 2023, he was elected to the Nigerian Senate to represent Sokoto South.

His defection to the ADC is expected to alter the political dynamics in Sokoto State, where he remains one of the state’s most influential political figures.

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Politics

Political Earthquake in Zamfara as Gov Lawal Dumps PDP for APC

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Governor Dauda Lawal of Zamfara State has explained that the persistent crisis and legal disputes within the Peoples Democratic Party compelled him to defect to the All Progressives Congress.

The governor’s defection was formally announced on Monday by his deputy, Mani Mummuni, after a stakeholders’ meeting held at the Government House in Gusau.

In a statement issued by the governor’s spokesperson, Sulaiman Bala Idris, the move was described as a necessary step taken in the interest of the state and supported by political stakeholders across Zamfara.

SEE ALSO: JUST IN: PDP Crisis Deepens as Appeal Court Upholds Ban on Ibadan Convention

According to the statement, Governor Lawal had remained committed to the PDP despite the ongoing leadership crisis and had made several efforts to reconcile factions within the party.

However, attempts to achieve peace and unity reportedly failed, leading to prolonged legal battles.

The development followed a judgment by the Court of Appeal in Abuja, which dismissed an appeal filed by the PDP challenging an earlier ruling of the Federal High Court.

The earlier judgment had restrained the Independent National Electoral Commission from recognising the outcome of the party’s national convention held in Ibadan, Oyo State.

The governor was said to have informed political stakeholders during a series of meetings that he would make a final decision about his political future after the appellate court delivered its ruling.

Following the judgment, Lawal concluded that joining the APC would better position him to continue what he described as the “Zamfara Rescue and Rebuild Mission.”

His defection marks a significant shift in the political landscape of Zamfara State and could influence political alignments ahead of the 2027 general elections.

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Politics

Appeal Court Deals Major Blow to Aiyedatiwa’s Re-election Hopes in Ondo

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The Court of Appeal in Abuja has handed a significant setback to Ondo State Governor Lucky Aiyedatiwa, dismissing his appeal challenging a Federal High Court ruling that questioned his eligibility to contest the upcoming governorship election.

A three-member panel delivered a unanimous judgment on Monday, affirming that the trial court acted correctly when it allowed Dr Akindele Egbuwalo, the plaintiff, to amend his originating summons.

ALSO READ: No Shake-Up in Ondo: Aiyedatiwa Denies Plot To Remove Deputy Gov

Justice Uchechukwu Onyemenam, who read the lead judgment, said the governor failed to show that the High Court’s decision caused any miscarriage of justice or denied him a fair hearing.

The appeal was therefore dismissed for lacking merit, and the court awarded ₦2 million in costs against Aiyedatiwa.

The ruling reinforces the November 24, 2025, Federal High Court decision in Akure, which granted Egbuwalo permission to challenge Aiyedatiwa’s eligibility for re-election.

Earlier, the Court of Appeal also rejected an application by Aiyedatiwa to set aside a January 27, 2026, order staying proceedings in the case before the Federal High Court.

The appellate court clarified that the stay was a lawful exercise of its jurisdiction aimed at protecting the integrity of the proceedings.

The panel further emphasized that attempting to overturn its own order would be akin to sitting on appeal over its own decision.

The governor’s remaining option, the court noted, is to challenge the ruling at the Supreme Court. Another ₦2 million in costs was awarded against Aiyedatiwa.

 

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