News
Nigeria is heading towards recession – Zainab Ahmed
Zainab Ahmed, Nigeria’s Minister of Finance, has said that the coronavirus pandemic and falling oil prices are set to force Nigeria’s economy into recession.
The Minister made this known today May 21, while speaking to state house correspondents shortly after attending the National Economic Summit meeting in Abuja. .
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. “On the economy, COVID-19 has resulted in the collapse in oil prices. This will impact negatively, and the impact has already started showing on the federation’s revenues and on the foreign exchange earnings. .
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Net oil and gas revenue and influx to the federation account in the first quarter of 2020 amounted to N940.91billion. This represented a shortfall of N125. 52billion or 31% of the prorated amount that is supposed to have been realized by the end of that first quarter.” she said .
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She added that the economic contraction will multiply the misery of the poor.
“The crisis will only multiply this misery,” she said. “The economic growth in Nigeria, that is the GDP, could in the worst case scenario, contract by as much as –8.94% in 2020. But in the best case, which is the case we are working on, it could be a contraction of –4.4%, if there is no fiscal stimulus. But with the fiscal stimulus plan that we are working on, this contraction can be mitigated and we might end up with a negative –0.59%.”

Celebrities
“Don’t Be Deceived by Twitter Polls or Social Media Hype” – Burna Boy Advises Fellow Artists

Grammy-winning artist Burna Boy has offered some candid advice to fellow musicians, urging them not to get carried away by online popularity.
In a message shared via his Instagram Stories, Burna warned artists not to be fooled by Twitter polls or the support of Nigerian social media fans, pointing out that this virtual applause rarely translates into real-world success—especially when it comes to filling stadiums around the globe.
He emphasized that achieving a number one spot on streaming platforms in Nigeria shouldn’t be seen as the pinnacle of success. Instead, he encouraged artists to set bigger goals or consider having alternative business ventures.
His post read:
> “Dear artists,
Don’t let Twitter polls and Naija social media fans deceive you. They won’t fill up any stadium for you in any part of the world.
Your song being Number 1 on any streaming platform in Nigeria is not something to celebrate. Aim higher or do other businesses on the side. I type with love. No sign of aw.”
In a similar vein, singer Spyro also had a message for upcoming acts. He advised that signing to a major label or linking up with a top artist is no guarantee of success. According to Spyro, having a “failure mentality”—where one expects everything to be handed to them—will only lead to amplified failure, no matter how big the platform.
He stressed the importance of diligence and hard work, stating that talent alone isn’t enough. Spyro urged emerging artists to stop chasing fantasies and start putting in real effort to build their careers.



News
“We Will Deliver Anambra to APC – I’m No Longer a Godfather, I’m Now the Father of Fathers,” Says Nicholas Ukachukwu

In a bold and spirited acceptance speech after emerging as the APC governorship flag bearer in Anambra State, Nicholas Ukachukwu declared his confidence in delivering victory for the party.

He didn’t shy away from his political influence either:
“Nobody has ever won the governorship of Anambra without my support—it has never happened before,” he said, adding that while he once played the role of a political godfather, he now sees himself as “the father of the father.”
With the APC looking to make serious inroads in Anambra, Ukachukwu’s statement signals both ambition and authority ahead of the 2025 gubernatorial race.
News
Education Minister Proposes Two-Year NYSC Duration

Nigeria’s Minister of Education, Olatunji Alausa, has suggested extending the National Youth Service Corps (NYSC) programme from one year to two years.
During a courtesy visit by the new NYSC Director-General, Brigadier General Olakunle Nafiu, at his office in Abuja on Friday, the minister praised the scheme’s leadership and recent digital reforms. He noted that the digitisation of NYSC processes has significantly curbed certificate racketeering and forgery.
Alausa also touched on the ongoing debate surrounding the exemption of part-time Ordinary National Diploma (OND) graduates from the NYSC scheme.
Pushing for reform, the minister advocated an expansion of the NYSC Skill Acquisition and Entrepreneurship Development (SAED) programme, suggesting that a two-year service would better equip corps members to become job creators and contribute more meaningfully to national development.
“You have done so well as an organisation,” he said. “Let NYSC give young Nigerians more opportunities to become job creators and meet the country’s needs.”
In response, Brigadier General Nafiu appreciated the minister’s support and contributions to the scheme’s progress. He also called for the establishment of a comprehensive database to track Nigerian youths who study abroad, in a bid to ensure proper documentation and engagement of graduates returning from foreign institutions.

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