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Nigeria 2024: Key Moments That Shaped Nigeria Economically and Politically

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As 2024 draws to a close, it’s an opportune moment to reflect on the events that have significantly influenced Nigeria throughout the year.

From political shifts to economic developments and social challenges, this year has been marked by pivotal moments that have shaped the nation.

Political Landscape and Governance

The year commenced with the Ibadan explosion in January, which brought national attention to urban safety and regulation.

This incident showed the critical need for stringent safety measures in densely populated areas.

In the same month, the Ondo and Edo governorship elections were held, with the ruling party securing victories.

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In April, a significant development occurred when a schoolgirl abducted during the Chibok kidnapping in 2014 was rescued in Gwoza, Borno State, along with her three children.

Economic Developments

In December, Shell received approval from Nigeria’s oil minister for the sale of $2.4 billion worth of onshore and shallow-water assets to Renaissance Group.

This was Shell’s exit from nearly a century of onshore operations in Nigeria and was part of a larger withdrawal by Western energy companies, including Exxon Mobil, Eni, and Equinor.

The sale faced a block in October by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) due to concerns about Renaissance’s capacity to manage the assets, which are estimated to hold 6.73 billion barrels of oil and 56.27 trillion cubic feet of gas.

Social Challenges and Public Safety

Tragically, in December, at least 13 people, including four children, died in two separate stampede incidents at Christmas charity events in Abuja and Anambra state.

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These incidents occurred as large crowds gathered to receive food and clothing items during a severe cost of living.

There has also been a reoccurring incident of the National Grid collapse. The incident has caused blackouts in regions during the time of its collapse.

Security and Conflict

Throughout the year, Nigeria faced persistent security challenges.

In June, a strike by the Nigerian Labour Congress and the Trade Union Congress disrupted operations at Abuja and Lagos airports and caused nationwide power outages.

Additionally, the conflict with Boko Haram continued, with incidents such as the attack on a convoy in Shiroro, Niger State, in November, resulting in casualties among security forces.

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Sports and International Relations

In February, Nigeria’s national football team faced a setback by losing 2–1 against Ivory Coast in the 2023 Africa Cup of Nations final held in Abidjan.

This loss was a disappointment for fans and showed areas for improvement in the national team’s performance.

The year 2024 has been a period of significant events for Nigeria, which encompasses political shifts, economic changes, social challenges, and security concerns.

As the nation moves forward, these events will undoubtedly influence its development and the well-being of its citizens.


 

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Former Kogi Governor Yahaya Bello Weds Fourth Wife in Secret Abuja Wedding

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The former Governor of Kogi State, Yahaya Bello, makes headlines as his marriage to his fourth wife, Hiqma, is revealed.

It was reported that the pair had their wedding privately in Abuja on the 12th of July, 2025. The ceremony was attended by family and close friends and remained private until the wedding was over.

The wedding announcement was revealed by Yahaya Bello’s third wife, who stated “Alhamdulillah, our family just got a little bigger and more loving! A warm welcome to our new family member, Mrs. Hiqma Yahaya Bello! May Allah bless our union and fill our home with love, peace, and Barakah. Amin.”


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Sanwo-Olu Promises to Improve Traffic with New AI Powered Technology

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Governor Babajide Sanwo-Olu has made it clear that his government will not tolerate any form of assault on officers of the Lagos State Traffic Management Authority (LASTMA). Speaking through his deputy, Dr Obafemi Hamzat, at the Second Lagos Traffic Conference on Tuesday, the governor said anyone caught attacking traffic officers will be made to face the law.

The event, held in honour of LASTMA’s 25th anniversary, brought together key stakeholders to reflect on traffic challenges and explore new solutions under the theme: “Enhancing Traffic Efficiency and Safety on Lagos Roads: Challenges, Opportunities, and Innovations.”

Sanwo-Olu praised the efforts of LASTMA officers who he said work in tough, often dangerous conditions to keep Lagos roads under control. He acknowledged their sacrifices and dedication, saying their presence is the thin yellow line between traffic order and chaos.

“I truly commend every LASTMA officer for your courage and commitment. You’ve stayed strong even when the job puts you at risk, and that speaks volumes about your dedication,” he said. He also paid respects to officers who died in the line of duty, calling them heroes whose sacrifices would always be remembered.

Looking ahead, Sanwo-Olu shared plans to modernize LASTMA with technology that fits today’s traffic demands. He said the government would increase investment in smart systems such as AI-powered tools, automatic number plate recognition, and drone surveillance. These tools, he explained, will make it easier to monitor traffic in real time, respond quickly to incidents, and improve the overall movement of vehicles across Lagos.

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Federal Government Releases Burial Details for Former President Muhammadu Buhari

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Federal Government releases further details for the burial of the Ex president, Muhammadu Buhari.

It was shared that the burial will occur on Wednesday 16th of July, 2025.

This information was revealed in an official statement released by presidential aide Sunday Dare on X platform.

The statement briefly states that a committee will be set for the burial to be done properly and for the events to be held. The Federal Government then makes a list of the ministers needed to join this committee to hold a successful burial ceremony for Buhari.


 

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