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Tinubu Calls For More Currency Swap With China

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Nigeria’s President, Bola Ahmed Tinubu, has urged the Government of the People’s Republic of China to increase the $2 billion currency swap between Nigeria and China to enhance trade between the two countries.

He made the call on Thursday in Abuja, at a meeting with the Minister of Foreign Affairs of China, Wang Yi.

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He also called for an upward review of the $50 billion aid package for Africa, which China’s President Xi Jinping announced last year.

Recall that China and Nigeria recently renewed their currency swap agreement, valued at 15 billion yuan (approximately $2 billion), to enhance trade and investment.

Receiving the Minister of Foreign Affairs of China, Wang Yi, at the State House, the President said increasing the level of currency swaps will speed up the infrastructural development in Nigeria and deepen the strategic bilateral relations.

In his words, “We still demand more in the area of currency swap. The level you have approved as a government for Nigeria is inadequate considering our programme. If you can increase that, it will be well appreciated.

“Our bond should grow stronger and become unbreakable.

Regarding the 50 billion dollars pledged by the Chinese Government to support Africa, President Tinubu noted that the continent’s infrastructural needs would require more commitment, urging a review of the amount to reflect the continent’s reality.

“I am happy you are part of China’s highest decision-making body. We will want you to use your position to influence improved project funding. First, I say yes to the 50 billion dollar support, and thank you for contributing to African growth. The infrastructural needs of Africa are greater than that, and we want to move as rapidly as our other counterparts. All share your vision of rapid development. Africa values the relationship with China, and we seek deeper collaboration for infrastructural development,” he stated.

President Tinubu called on China to support Nigeria’s bid for a permanent United Nations Security Council seat.

“You are a member of the UN Security Council. We want you to use your influence to ensure Nigeria secures the seat,” the President said.

President Tinubu thanked President Xi Jinping for his warm reception during his visit to China last year.

He said Africa, particularly Nigeria, was prepared to meet developmental goals and contribute counterpart project funding.

“We are ready to move and reach the various developmental goals. Due to our deliberation, we signed many MOUs and planned many action programmes.

“My visit during FOCAC was a good experience. We signed several comprehensive MOUs during the visit. We planned several programmes of action. As a result of that deliberation, I made sure that immediately after I returned, I appointed one of the best brains available to coordinate Nigeria-China relations, Mr Joseph Tegbe. He will work to actualise various MOUs and promote a greater understanding of developmental programmes.

“It is good that you came at such a critical time. My visit to China was a good experience. Once again, accept my sympathy for the earthquake in Tibet. It was a natural disaster that nobody expected. We commend your Government for the rapid reaction to protect lives.

Yi thanked President Tinubu for appointing a Director General and Global Liaison, Nigeria — China Strategic Partnership, to oversee the implementation of the MOUs for the rapid development of the Nigerian economy.

“I would like to thank Nigeria for abiding by the one-China principle, and we will continue to support Nigeria in achieving the Renewed Hope Agenda, countering terrorism and ensuring regional security,” he said.

Yi said Chinese investments in the country would focus on employment generation and infrastructural development. He said the Chinese National Development Bank had started funding some development projects.

He said the Chinese Government would support including an African country in the UN Security Council, adding that “it was a historical injustice by the world that should be corrected”.

“We stand with Africa, and we will not support a country that invades another country,” he stated.

The foreign minister said China would welcome Nigeria’s membership in the BRICS and participation in the global development mechanism.

He said China fully supported Dr Ngozi Okonjo-Iweala, the Director General of the World Trade Organisation (WTO), for a second term in office.

The minister lauded President Tinubu for his visionary leadership and consistency in projecting Africa’s needs, which require China’s support.

“You brought Renewed Hope to the people of Nigeria. Your economy has sustained sound momentum, and Nigeria’s global influence has steadily increased. Nigeria has played an important role in upholding regional peace and has become an important force for African stability.

“We congratulate Nigeria on its achievements and believe that, under your leadership, Nigeria will realise greater achievements,” the Chinese foreign minister stated.

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Panic as Fire Razes 12 Shops in Kwara Shopping Complex

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Panic broke out in the Mandate Market area of Ilorin, Kwara State, after a fire engulfed parts of a shopping complex in the early hours of Saturday.

No fewer than 12 shops were affected in the inferno, which occurred opposite Alkad Filling Station at about 1:14am.

The shopping complex, which contains about 40 shops, was already engulfed in flames when firefighters arrived at the scene.

SEE MORE: Firefighters Avert Disaster as Fire Guts Laundry Shop in Kwara

The spokesperson for the Kwara State Fire Service, Hassan Adekunle, disclosed this in a statement on Saturday.

Adekunle said the fire service immediately deployed two fire appliances after receiving the distress call, while personnel of the Federal Fire Service later joined the operation.

According to him, the combined effort of the firefighters prevented the fire from spreading to other shops and nearby properties.

“Despite the prompt intervention of the firefighters, 12 shops were affected, largely due to the late notification of the incident,” Adekunle stated.

He said preliminary findings suggested that a power surge might have triggered the fire.

Adekunle explained that some people sleeping near the shopping complex reportedly heard a loud combustion sound shortly after electricity was restored.

“The exact cause of the incident remains subject to further investigation,” he added.

The Chief Fire Officer, Alabi Muhammed, commended the firefighters and the Federal Fire Service for their response and collaboration.

Muhammed urged business owners to ensure that electrical installations were carried out by qualified professionals and that electrical appliances and power sources were properly monitored.

He also stressed the need for residents and business owners to report fire outbreaks promptly.

“Early notification gives firefighters a better opportunity to contain incidents before they escalate and cause extensive damage,” Muhammed said.

The incident occurred just two days after another fire outbreak affected a residential building behind the Industrial Training Fund in the Asa-Dam area of Ilorin.

The Thursday fire affected three bedrooms in a building comprising three-bedroom flats and a room-and-parlour self-contained apartment.

The Fire Service said the blaze had spread significantly before firefighters arrived but was eventually contained, preventing it from reaching an adjoining block of apartments.

A power surge was also suspected in that incident, although the exact cause had not been conclusively established.

The Kwara State Fire Service consequently urged residents and business owners to regularly inspect and maintain their electrical installations and immediately alert emergency responders whenever a fire outbreak occurs.

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NEWS

‘Sambisa Forest Is as Big as Belgium’ — Defence Minister Reveals Why Kidnap Victims Are Hard to Rescue

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The Minister of Defence, General Christopher Musa (retd.), has revealed that the vast size of the Sambisa Forest is one of the major factors making it difficult for security forces to quickly rescue Nigerians kidnapped by terrorists.

Musa disclosed this during an interview on Channels Television’s Politics Today, where he discussed the Federal Government’s efforts to tackle terrorism and kidnapping in the country.

According to the minister, security agencies have continued to rescue abducted Nigerians, but terrorists often escape into large forest areas before troops can locate them.

SEE ALSO: How Troops Forced Kidnappers to Abandon Abducted Army Lieutenant Colonel in Enugu

“Few ones now, efforts have been made. If you notice, on a daily basis now, we are really getting, rescuing a lot of them,” Musa said.

He explained that the enormous size and difficult terrain of the Sambisa Forest give terrorists an advantage after carrying out attacks.

“So this government is overwhelmed. Sambisa Forest is as big as Belgium, as a country. So when people talk about this, they make it look as if it is one small football field and we are refusing to do anything,” he said.

Musa said kidnappers can disappear into the bush before security agencies receive information about an abduction, making it difficult for troops to determine their exact location.

“These places are massive areas. The forest within Kwara comes in from Burkina Faso to Benin Republic into Nigeria and flows through all these things,” he said.

“So what they do is that once these abductions are done, before the information gets to anybody, these guys are already into the forest.”

The Defence Minister explained that troops sometimes have to cut off terrorists from their usual routes and sources of supplies before they can rescue their victims.

He cited a recent operation in Kwara State, where security forces rescued victims after restricting the movement of their abductors.

“And then the last one that was done in Kwara State, we had to quarantine where they were going, deny them oxygen, and that’s where we were able to get them,” Musa said.

He added that terrorists sometimes abandon their captives when security forces increase pressure on them, providing troops with an opportunity to rescue the victims.

Musa also disclosed that authorities were monitoring financial transactions linked to criminal activities, noting that ransom payments could provide useful information for tracking kidnappers.

He said the Central Bank of Nigeria was also involved in efforts to monitor suspicious funds connected to criminal activities.

The minister further advised state governors to exercise caution when distributing motorcycles as palliatives, warning that some of the vehicles could eventually fall into the hands of terrorists and improve their mobility.

Musa maintained that despite the challenges posed by Nigeria’s vast forests and difficult terrain, security forces were making progress in the fight against terrorism and kidnapping.

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Uber Exit: FAAN Reveals Shocking Complaints Against E-Hailing Drivers

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The Federal Airports Authority of Nigeria (FAAN) has revealed a series of complaints it received from passengers about their experiences with e-hailing and car-hire drivers at Nigerian airports.

FAAN Managing Director, Olubunmi Kuku, disclosed this on Friday while speaking with journalists at the airport amid controversies surrounding the reported exit of Uber from Nigeria.

Kuku said the complaints were particularly numerous during the December 2025 holiday period, when passengers reported having unpleasant experiences with some e-hailing and car-hire services.

SEE MORE: FAAN Clears Air on Bolt, Uber Suspension, Says Services Will Resume

“We received a lot of complaints, especially around the December holiday period, from passengers who used some of the e-hailing services, as well as car-hire services, and had very unpleasant experiences.”

According to the FAAN boss, the complaints reportedly included intimidation, excessive fares and cases where passengers were allegedly dropped off at unintended locations.

She further alleged that some e-hailing drivers were exploiting the airport transportation system by operating alongside car-hire operators and charging passengers higher fares.

“We also had situations where some Uber and Bolt drivers would get out of their cars under the guise of coming into the airport as e-hailing drivers, and then join the car-hire operators to charge higher fares.”

Her comments come weeks after FAAN temporarily stopped e-hailing drivers from conducting commercial passenger pick-ups at airports under its control, pending the finalisation and execution of licensing agreements.

The move generated criticism, with some observers alleging that the restriction was intended to create room for FAAN’s newly introduced Airport Car Hire and Ride Management System (ACHRAMS).

However, Kuku said FAAN’s decision to regulate airport car-hire services was aimed at protecting passengers and improving their overall experience at Nigerian airports.

She explained that the authority had introduced an application designed to provide passengers with visibility on registered car-hire companies and the identities of drivers taking them from the airport to their destinations.

Kuku also clarified that FAAN does not collect fares on behalf of drivers, noting that the rates displayed on the platform are only indicative.

She added that passengers remain free to choose between pre-booked car-hire services and e-hailing platforms, while FAAN’s responsibility is to ensure visibility, safety and accountability within the airport environment.

On Uber’s reported exit from Nigeria, Kuku said the decision was a business and regulatory matter for the company.

“I work for the Federal Airports Authority of Nigeria, and my first responsibility is to ensure that our passengers are safe, protected, and have a seamless passenger experience.

“Regarding Uber, I can’t speak to their exit from Nigeria. I’m sure they have their own economic and regulatory considerations as to why they chose to exit.”

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