Connect with us

News

World Bank: Nigeria Needs 10-15 Years of Reforms for Economic Power

Published

on


The World Bank has emphasized that Nigeria must continue its current economic reforms for the next 10 to 15 years to become a major global economic power. Indermit Gill, the Senior Vice President of the World Bank Group, highlighted the importance of these reforms during the 30th Nigerian Economic Summit in Abuja.

Gill stressed that Nigeria’s ongoing efforts, including the removal of fuel subsidies and the unification of the foreign exchange market, are essential for long-term growth and stability. He acknowledged the challenges of maintaining these reforms but urged the government to persevere, noting that their successful implementation could transform Nigeria’s economy and position it as a leading force in sub-Saharan Africa.


 

News

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

Published

on


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.”


Continue Reading

News

Deji Adeyanju Demands Action From Tinubu Over Counterfeit Products

Published

on


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.

Advertisement

Continue Reading

News

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

Published

on


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.


 

Advertisement
Continue Reading

Trending