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Senator praises President Tinubu’s de-Dollarisation of Nigerian economy Initiative

Past Senate Leader and Borno South Senator Mohammed Ali Ndume has praised the Bola Ahmed Tinubu administration for its initiative to de-dollarise the economy, calling it a courageous step forward.

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In a statement released to the media on Saturday, Ndume emphasized that if the policy is effectively implemented, it could enhance the naira’s strength and facilitate trade with countries that are not reliant on the US dollar.

De-dollarisation refers to significantly reducing the use of the dollar in global trade and financial transactions, thereby lowering national, institutional, and corporate reliance on the currency.

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Ndume urged President Tinubu to pursue this initiative to its full potential, suggesting that Nigeria should align itself with the BRICS nations (Brazil, Russia, India, China, South Africa), which have successfully diminished the dollar’s influence in their cross-border financial activities.

He stated that this policy would benefit Nigerian entrepreneurs, especially those importing goods from countries like China, by reducing dependence on the US dollar and alleviating pressure on the naira.

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“The policy introduced by President Bola Ahmed Tinubu deserves recognition. If fully executed, it will significantly ease the strain on the naira, allowing our international traders to operate without relying heavily on the US dollar,” he said. “This will lead to a substantial appreciation of the naira, benefitting the country in various ways. I commend the President for taking such bold economic measures at this crucial time.”

Ndume also called for a National Economic Conference, to be organized by the Ministry of Budget and Economic Planning along with the National Economic Adviser and prominent Nigerian economists. He believes this summit should focus on developing home-grown solutions to revitalize the economy.

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He named several respected figures, including Ngozi Okonjo-Iweala, Oby Ezekwesili, Mansur Muktar, Akinwumi Adesina, Aruma Oteh, and Tope Fasua, as potential leaders of this economic summit.

“This national economic summit should be led by these distinguished Nigerians, who can provide recommendations that are more suitable for our situation than the often harsh prescriptions from the IMF and World Bank. If the recommendations are sound, I believe President Tinubu will implement them, benefiting the country immensely.”

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On security issues, Ndume, who previously proposed hiring military contractors to combat Boko Haram in Borno State, commended the federal government for acquiring military aircraft and helicopters to bolster the Air Force’s capabilities against bandits and insurgents.

He said: “I must commend the President for approving the purchase of military planes to help in the ongoing war against insurgents. I’m also urging that we buy more attack helicopters to help in this fight.” More troops need to be recruited into the Nigerian Armed Forces and other security agencies. In addition to this, the security forces need to be trained, equipped, armed, and motivated.”

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The lawmaker, in the statement, described as masterstroke , President Tinubu rejigging of the Federal Cabinet, and particularly hailed the establishment of the Ministry of Regional Development to oversee all regional commissions in the country.

“More needs to be done because some ministers are still missing in action,” he added.

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Ndume hailed the move by President Tinubu to reduce the cost of governance in the face of economic difficulties and urge other arms of government to do the same.

“We saw what President Tinubu did during the week when he rejigged the Federal Cabinet. It was a masterstroke. I’m particularly happy about the establishment of the Regional Development Ministry to oversee and supervise all the various regional development commissions.

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“The President also scrapped some Ministries he felt were no longer useful and this is a way of reducing the cost of governance, and President Tinubu is demonstrating that through these bold actions,” he said.

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Rivers Lawmakers fail to resume plenary amid ongoing impeachment proceedings against Gov Fubara

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Rivers Lawmakers fail to resume plenary amid ongoing impeachment proceedings against Gov Fubara

The Rivers State House of Assembly, led by Speaker Martin Amaewhule, did not reconvene for plenary on Thursday, a week after adjourning its last session.

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During its first sitting of 2026, held last Thursday, the House had initiated impeachment proceedings against Governor Siminalayi Fubara and his deputy, Prof. Ngozi Odu, over alleged gross misconduct. The charges reportedly included the demolition of the state assembly complex and unauthorized spending, among other allegations. That session was adjourned to January 15, 2026.

However, as of noon on Thursday, a visit to the assembly—currently holding sittings at its conference hall along Aba Road—showed no indication that the House would resume.

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No official reason has been provided for the delay, and a new date for resumption has not been announced.

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Two killed, others arrested as Police operatives engage hoodlums that attacked ex–Governor’s convoy in gun battle

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Two killed, others arrested as Police operatives engage hoodlums that attacked ex–Governor’s convoy in gun battle

Two suspected armed robbers were shot dead following a prolonged gun battle with police at Enugwu Agidi Junction in Dunukofia Local Government Area of Anambra State.

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According to the state police spokesperson, Tochukwu Ikenga, the clash occurred between security operatives and hoodlums believed to be armed robbers and cultists with links to a proscribed secessionist group. He said the exchange of gunfire lasted about two hours.

Ikenga disclosed on Thursday that three other suspects escaped during the operation, sustaining varying degrees of gunshot injuries.

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He added that items recovered from the scene included one T.06 rifle, two pump-action guns, 24 rounds of T.06 ammunition, 15 live cartridges, assorted criminal charms, a red cult beret, and a black Toyota Highlander vehicle.

He said, “Anambra State Police Command in the early hours of 14th January 2026 recorded another major operational breakthrough in its sustained efforts to rid the State of criminal elements and ensure the safety of lives and property.

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“The Police Operatives attached to Rapid Response Squad Awkuzu acting on credible and actionable intelligence, laid an ambush to a 5-man group of armed hoodlums suspected to be armed robbers, cultists, and linked to a proscribed secessionist group at Enugwu Agidi Junction, Dunukofia Local Government Area of Anambra State.

“Upon sighting the Operatives, the suspects engaged the Officers in a fierce gun battle that lasted for two hours which resulted to fatal gun shot injuries on two of the armed suspects, while the other three fled the scene with varying degrees of gunshot injuries.

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“The Operatives also recovered One (1) T.06 rifle, two (2) pump-action guns, Twenty-four (24) rounds of T.06 ammunition, Fifteen (15) live cartridges, Assorted criminal charms, One cult red beret and One black Toyota Highlander vehicle.

“Furthermore, while in deep agony, one of the armed suspects confessed the gang members as being part of those who launched an unsuccessful but repelled attack by the Police Operatives on the convoy of former Minister of Labour and Employment, Dr Chris Ngige.

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“He also confessed being part of the striking squad of Vikings confraternity on a mission to retaliate the death of one of their members by another rival cult group.

“The Commissioner of Police, Ikioye Orutugu while commending the gallantry of the operatives charged them to intensify efforts to arrest other gang members, particularly those who fled with gunshot injuries during the encounter.

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“Meanwhile, hospital or related medical facilities are advised to admit anyone with gunshot wounds or related injuries, but must endeavor to report such to the nearest Police Station immediately.

“Further developments will be communicated as investigations progress.”

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BREAKING: Dollar rain on Super Eagles despite AFCON semi final loss to Morocco

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BREAKING: Dollar rain on Super Eagles despite AFCON semi final loss to Morocco

The Chairman of BUA Group, Abdul Samad Rabiu, has commended Nigeria’s Super Eagles for their gallant display at the 2025 Africa Cup of Nations.

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He said that the monetary pledged by made him still stands in spite of the semifinal defeat by host Morocco.

Nigeria’s Super Eagles suffered a heartbreaking loss from the 2025 AFCON after losing 4-2 on penalties to host Morocco in a tense semi-final clash at the Prince Moulay Abdellah Stadium, Rabat on Wednesday.

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Rabiu praised the players’ courage, unity and determination, describing their performance as worthy of national pride and celebration.

The disclosed this in his official X handle, where he congratulated the Super Eagles for their impressive performance and national pride.

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“You fought with your hearts, gave your all, and showed true courage on the pitch. Every Nigerian is proud of you,” Rabiu said.

He noted that results do not always reflect effort, stressing that the team’s fighting spirit and passion resonated strongly with Nigerians at home and abroad.

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“Sometimes our best efforts don’t bring the outcome we desire, but the spirit and unity you displayed truly matter.

“I am going ahead with the $500,000 pledge in recognition of your hard work, dedication and the joy you brought to our nation,” he said.

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The News Agency of Nigeria (NAN) reports that Rabiu had earlier promised the reward following Nigeria’s 2-0 victory over Algeria in the AFCON 2025 quarter-final.

Rabiu urged the players to remain focused, expressing confidence that the lessons from the tournament would inspire future success.

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“Keep your heads high. This experience will fuel greater victories. Nigeria believes in you,” the BUA Chairman said.(NAN)

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