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“Nigeria Could Face Economic Collapse Without Reforms” – Bayo Onanuga

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Bayo Onanuga, the Special Adviser to President Bola Tinubu on Information and Strategy, recently addressed concerns regarding Nigeria’s economic situation, suggesting that without the current reforms, the country’s economy could have faced dire consequences similar to those of Somalia.

Onanuga spoke on Thursday, responding to widespread public dissatisfaction regarding the economic challenges brought on by certain policies implemented by the Tinubu administration.

He emphasized that while many Nigerians are understandably impatient for immediate results from these reforms, it’s essential to recognize the necessity of these changes for the long-term success of the economy.

Onanuga acknowledged the current weaknesses in Nigeria’s economy, but he expressed optimism that the ongoing reforms would create a path toward a more productive and sustainable economy.

In his remarks, he reflected on the historical context by mentioning reports from Vision 2010 and Vision 2020, initiatives aimed at boosting Nigeria’s economic potential.

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These reports underscored the longstanding issues of inefficiency and weakness within the country’s economy.

Onanuga pointed out that if the government did not take decisive action, Nigeria could find itself facing a situation close to that of Somalia’s economic struggles.

He explained that the government has traditionally reduced consumption, leading to a culture of dependency rather than productivity.

He argued that the reforms are aimed at shifting this issue, encouraging a more productive economic model that can better serve the needs of the people of Nigeria.


 

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‘He Was a Giant’ — President Tinubu Mourns Veteran Actor Olu Jacobs

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President Bola Ahmed Tinubu has paid tribute to late Nigerian actor Olu Jacobs, recalling his contributions to the creative industry and his impact on Nigeria’s cultural identity.

In his tribute, Tinubu described Jacobs as a giant of the Nigerian creative industry and said “He was a giant of the Nigerian creative industry. His passing is a great loss to Nigeria, the African film industry and the global community of lovers of the performing arts. His remarkable body of work will continue to speak to generations yet unborn.

“The nation recognises the enormous contributions of Nigeria’s creative practitioners to the country’s cultural identity, global image and economic development. Olu Jacobs played a big role in creating this identity.”


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Deji Adeyanju Demands Action From Tinubu Over Counterfeit Products

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Human rights lawyer and activist Deji Adeyanju has called on President Bola Ahmed Tinubu to declare a state of emergency over the proliferation of counterfeit and substandard drugs and consumer products in Nigeria.

Adeyanju also called for the removal of the Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Professor Mojisola Adeyeye, as well as the heads of other regulatory agencies, including the Standards Organisation of Nigeria (SON).

“Nigerians are being exposed to dangerous products daily, from fake and substandard medicines to unsafe consumer goods, with reports of drugs being sold wholesale in the open under the hot sun. No responsible government should expose its citizens to such risks and expect mortality rates not to rise.”

Adeyanju also called out NAFDAC over what he described as failures in regulating the circulation of counterfeit and substandard products in the country.

It can be noted that various counterfeit products continue to circulate in Nigerian markets, while NAFDAC has also reported seizures and destruction of counterfeit, expired and substandard products.

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‘Two Hours on the Road’ — Lagosians Groan Over Kara Bridge Traffic

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Lagosians have lamented heavy traffic caused by ongoing construction work at Kara Bridge along the Lagos-Ibadan Expressway.

The Federal Government announced that repairs on the damaged expansion joints at Kara Bridge would begin on September 8, 2026. The project, initially scheduled to begin in August, was delayed to allow further traffic management planning due to concerns over its impact on motorists.

Since work began, traffic around the Kara area has become heavy, with Lagosians sharing updates on social media about spending two hours or more on the road.

Some commuters say the delays have made their 9-to-5 routines difficult, with several hours spent travelling to and from work.


 

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