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Nigeria Is On The Path Of Prosperity, Osinbajo Assures
Having instituted reforms covering critical sectors of the economy over the past four years, Nigeria under the Buhari administration is making steady progress on the path of prosperity, the Vice President Yemi Osinbajo, has assured the citizens.
Prof. Osinbajo stated this on Saturday in Lagos in a keynote address he delivered at the Redeemer’s Men Fellowship Conference themed “Galvanized for Geometric Growth”.
The Vice President, while noting that much still needs to be done in the different sectors of the economy, restated that the country had enormous potential which would be realised.
According to the VP, who referenced the recent US-based Newsweek magazine’s special cover edition which described Nigeria as the Black China and Africa’s first super-power, “despite our challenges, Nigeria is the ‘last major open market, and like China and India, its population and economic size will enable economies of scale and attract international investment.”
Prof. Osinbajo said reforms by the Federal Government have over the past few years spurred progress and attracted investors’ interests across different sectors comprising agriculture, technology, tourism and entertainment, manufacturing amongst others.
“Just this week, the Spur Group, an IT company from China indicated that it will be establishing a computer hardware manufacturing plant in Nigeria.
“In the course of last year, the Mara Group of Ashish Thakkar had also indicated that it will set up a manufacturing plant for Mara Phones in Nigeria.
“Kobo360, which was one of the start-ups in a group that I led to Silicon Valley in July 2018, aggregates end-to-end haulage operations and raised $30m in a Series A round led by Goldman Sachs and Nigerian commercial banks.
“Using technology, Kobo360 has made it possible for providers of haulage services to find cargoes for their trailers on return journeys, in effect halving the cost of transporting goods,” the Vice President added.
Continuing, the Vice President said the potential of the Nigerian economy has also been boosted by the Buhari administration through direct and indirect investments in agriculture, manufacturing, technology and creative industries.
According to Prof. Osinbajo, “the story of increased rice production in Nigeria is well known, with production of paddy rice in 2019 estimated at 7.3 million metric tonnes compared to about 5 million metric tonnes in 2015.
“A little noticed phenomenon taking place in agriculture is the use of technology to attract crowdfunding into the sector. Given the huge interest in agriculture and the relative ease of investing through such platforms, we will see a huge increase in investment in agriculture and subsequent increases in agricultural output across the value chain.”
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In the manufacturing sector, the Vice President said all critical indices have so far indicated significant improvements between 2018 and 2019.
He said, “this positive outlook for the manufacturing sector can be seen from the Leventis Group which, for instance, continues to make substantial investments in the Nigerian manufacturing sector through its subsidiaries, the Nigerian Bottling Company and Beta Glass.
“The Nigerian Bottling Company will soon be commissioning its Asejire Plant, which has taken a substantial part of a recent $500 million investment in Nigeria, while Beta Glass which makes the bottles for the pharmaceutical sector and for beverages like Coca-Cola and Star Beer, has invested another $30 million to expand its furnace capacity.”
The technology sector, according to Prof. Osinbajo, “continues to hold out great promise.”
Citing recent industry reports, the Vice President said, “Nigerian start-ups attracted $122 million out of the $492 million in funding to the African start-up sector in 2019.
“Perhaps more compelling is the increasing use of e-payment channels within the economy. The value of Point of Sale (POS) transactions is reported to have reached over N3.2 trillion in 2019 as compared to N2.3 trillion in 2018, an increase of 38%, while the volume also increased by 153 million transactions to a total of 438 transactions in 2019.”
In the area of infrastructure, the Vice President disclosed that the Federal Government’s interventions through the various reforms would yield greater results.
Noting the efforts of the Buhari administration to address the country’s major infrastructure deficit, the VP said, “So our focus in the last few years has been on investing in roads, rail, and power. We have a major road project going on in every state of the federation.
“Some of the road projects scheduled for substantial completion in 2020/2021 include: Dualization of Suleja-Minna road, Ilorin-Jebba-Mokwa/Bokani road, Nnewi-Oduma-Mpu (in Enugu)-Uburu (Ebonyi), Yenagoa-Okaki-Kolo-Nembe-Brass road, Bodo-Bonny road with a bridge across the Opobo channel, the rehabilitation and expansion of Lagos-Badagry expressway and, of course, the Lagos-Ibadan expressway.”
He added that 19 other road projects measuring about 800 kilometres have been prioritised in 11 states across each of the six geo-political zones, which would be done by 10 local companies that have applied to join Dangote group and NLNG in the Investment Tax Credit Scheme of the Federal Government encouraging private sector investments in infrastructure.
Also speaking on the new Finance Act 2019, the Vice President said the law is government’s fiscal response to the issues of limited revenue sources and the need to improve the business environment, especially for small and medium businesses.
“The Act has two main purposes with extremely beneficial effects on the Nigerian economy. It addresses the issue of domestic revenue mobilization on which Nigeria has often paraded quite a low record.
“However, even while achieving this objective for the public sector, the Finance Act is calibrated to improve the ease of doing business in Nigeria and actively foster private sector growth.”
The event was also attended among others, by the President of the African Development Bank, Dr. Akinwunmi Adesina and the National Overseer of the Redeemed Christian Church of God in Nigeria, Pastor Joseph Obayemi, who is also President of the Fellowship.
Earlier in his own speech, Dr. Adesina, commended the Buhari administration for the achievements recorded in the agricultural sector, noting that the efforts of the Federal Government have revolutionized agriculture in the country. Pastor Obayemi also delivered a welcome message.
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Couple arrested for gun running in Delta, wife confesses to helping hubby dispatch firearms

A couple, Mr. and Mrs. Joshua Bogbon Godwell, have been arrested by operatives of the Delta CP Special Assignment Team (CP-SAT) for alleged gun running in the state.
The couple was picked up from their home following a sting operation by police detective on March 9, 2025.
State Police Public Relations Officer, SP. Edafe Bright, who confirmed this in a statement on Thursday, said that they were held following a credible intelligence on them at their residence in Okpe local government area of the state.
Mrs. Uche Joshua, the wife, was said to have admitted to helping her husband dispatch guns to clients in Warri and Sapele.
The police said it recovered a fabricated Beretta pistol with a single live ammunition, which was planned to be delivered to a client in Sapele from their residence.
During interrogation, Mrs. Joshua confessed to her involvement in the gun-running business, saying, “I helped my husband dispatch guns to clients in Warri and Sapele. I was the one who delivered the guns to the clients.”
Edale said that police are still investigating the couple and their associates, with efforts to recover more firearms and arrest other suspects.
Equally, on February 3, 2025, operatives arrested a suspected cultist and gun runner, Stephen Oma Odu, who has been on wanted list from Obagho community in Warri North LGA Delta State at Sapele town.
His arrest also led to the arrest of another 42 years old suspected cultist, Abel Festus, aka “TOMPOLO.” of Oghareki community in Ethiope West LGA, at Oghara town.
Two pump action guns and 24 rounds of live cartridges were recovered from Festus’ apartment.
“Two other suspected cultists were also arrested during the raid including Godspower Moses m” aka power of Kokori community in Ethiope West LGA Delta State and Oloriode Owebe m” 24 years of Oghareki community in Ethiope West LGA Delta State”, Edafe added.
Police says preliminary investigations revealed that they were suspected members of the Vikings’ confraternity.
Additionally, CP-SAT arrested 26 years old Oboyo, a notorious cultist and suspected kidnapper from Igbopa community in Ethiope West LGA, and recovered a locally made gun with a single cartridge.
According to Edafe, an “FBI” impersonated enlargement carrying his picture was also recovered, which he used for internet fraud.
“Other members of his gang which include Favor omowo “m” 29yrs aka “Voltage” of Jesse town in Ethiope West LGA Delta State and Gift Omowo “26yrs of Jesse community in Ethiope West LGA Delta State were also arrested.
“Trailing of his other fleeing gang members is on course while investigation is ongoing”, the statement added.
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Nigeria lost ₦120 billion to Illegal charter operations –Keyamo

Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, has revealed how illegal private charter operations plagued the country’s aviation sector for over five decades and cost the federal government an estimated ₦120 billion in lost revenue over the past 10 years.
The minister made the revelation during fourth edition of the Federal Ministry of Information and National Orientation’s Ministerial Press Briefing in Abuja on Thursday. Keyamo described the issue as a “hydra-headed monster,” revealing that 80% of private jet owners in Nigeria have the habit of obtaining Private Non-Commercial Flight (PNCF) licenses but use their aircraft for commercial operations daily.
He said the PNCF license is intended for private use, such as transporting family members or attending social or business events and that it attracts a significantly lower fees compared to licenses for commercial charter operations, which require higher fees and stricter regulations. The minister explained that private jet owners exploit this loophole to avoid paying fees and taxes for commercial purposes. He said for instance, while a commercial charter operator might charge $10,000 for a flight from Lagos to Calabar and pay the required fees, private jet owners with PNCF licenses conduct similar operations without remitting the necessary revenue to the government.
Keymao said that in the past 10 years, Nigeria lost approximately ₦120 billion due to unremitted fees and taxes from illegal charter operations. “They go and obtain the PNCF license, the private one, but all of them are back every day for business. All of them. This is how the federal government has been losing revenue,” he said.
Keyamo said private jets which operate without proper documentation or passenger manifests, makes it difficult to track who or what is on board. He raised concerns that these jets could be used for illegal activities, including smuggling, money laundering, and even terrorism. “You don’t even have the manifest of those inside the aircraft. Sometimes, when there’s a near accident with a private jet, we struggle to find out who was inside. It’s totally unregulated.”
To address the issue, Keyamo established a task force last year headed by the Managing Director of Aero Contractors, Captain Ado Sanusi to investigate illegal charter operations. The task force submitted its report last week, saying they uncovered “mind-boggling” findings. Among the recommendations the task force made is the total shutdown of the private charter wing at airports for a complete overhaul.
“The task force suggested shutting down the private charter wing for total reconfiguration in terms of security and the kind of machines we use to screen bags. We are still looking into how to implement these recommendations without disrupting passenger movement,” Keyamo said.
Daily Sun
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Women’s coalition condemns Akpoti-Uduaghan’s suspension, writes Tinubu over perceived injustice

We Are All Natasha (WAAN), a coalition of Nigerian women against injustice in a letter addressed to President Bola Tinubu and sent through the Minister of Federal Capital Territory (FCT), Nyesom Wike, has in strong term condemned what it describes as the “misogynistic behaviour,” alleged sexual harassment, and the subsequent suspension of Senator Natasha Akpoti-Uduaghan from the Nigerian Senate.
WAAN in a letter, titled “Petition from Nigerian Women,” demanded that justice be upheld in the matter.
The letter was presented during a peaceful rally held Thursday in Abuja, where hundreds of supporters gathered to raise awareness about the ongoing injustices faced by women in the Nigerian Senate, particularly in light of the suspension of Akpoti-Uduaghan following her allegations of sexual harassment against President of the Senate Godswill Akpabio.
WAAN’s Coordinator, Ireti Bakare, conveyed the message through the coalition’s Secretary, Irene Anuwa-Ikyegh. Anuwa-Ikyegh pointed out that reports indicate Senator Akpoti-Uduaghan filed a petition accusing Senate President Akpabio of sexual harassment and misogyny.
However, instead of addressing these serious allegations with fairness and transparency, the Senate unexpectedly suspended her for six months on the grounds of an alleged breach of Senate rules and ethics.
“This action appears to be a blatant attempt to silence Senator Akpoti-Uduaghan and dismiss her claims without due process,” Anuwa-Ikyegh stated. “We implore Your Excellency to consider our petition, demanding justice for Senator Natasha Akpoti-Uduaghan. It is imperative that an independent investigation is conducted into her allegations.”
Anuwa-Ikyegh further emphasized that sexual harassment and misogyny should never be tolerated, and individuals who come forward with such claims must be heard, protected, and not punished. She called the suspension of Akpoti-Uduaghan an affront to workplace safety, justice, fairness, and equity.
“We stand with Senator Natasha Akpoti-Uduaghan in demanding a swift, impartial investigation and an end to the culture of silence, intimidation, and victim-blaming,” Anuwa-Ikyegh declared.
During the rally, founder of the Dorothy Njemanze Foundation, Dorothy Njemanze, addressed the crowd and condemned the silencing of women in politics. “If there’s any woman here who has campaigned during an election, do you know they ask for her vote? If they ask for her vote, that means they cannot enter office. No woman, no nation!” she exclaimed, urging for more female representation and respect for women in politics.
Another prominent voice at the rally, Gloria Odiahi, founder of Say No to Violence, expressed strong disapproval of the six-month suspension of Senator Akpoti-Uduaghan, noting the that March is Women’s Month, a time to reflect on the need for justice and equality.
“We do not think, as women, that she should be suspended. All we want is a fair hearing. All we want is justice,” Odiahi declared.
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