Politics
Nigerian Senate urges CBN to Relax Forex Policy
He gave this charge during a meeting with the Managing Director of the International Monetary Fund, IMF, Christine Lagarde, disclosing that small businesses were being made to suffer unnecessarily as a result of the policy.
He called on the apex bank to introduce a more flexible foreign exchange regime and reduce the present restrictions on the autonomous market, which does not allow business men bring in foreign exchange or utilise what they have in their accounts.
The Senate President had equally canvassed a similar view at a private meeting with CBN Governor, Mr. Godwin Emefiele, during which he implored him to consider the effects of the present forex regime on small businesses which were dying, following dwindling crude oil revenue.
Saraki also told Lagarde that “The IMF should support our CBN to bring in low interest loans to SMEs. We need to encourage entrepreneurs and make most of our new graduates job creators rather than job seekers. This is an area where we need the financial support and technical assistance of the IMF.”
He explained that his office had received numerous complaints from small business owners, complaining that their businesses were being threatened by the huge bottlenecks now involved in doing business.
“As legislators, we play an important role in making our people understand IMF’s advice, policy trade-offs, consultations and other engagements, so that ownership, transparency and accountability are brought to bear on economic policy choices.
“The Nigerian legislature strongly believes that having a collaborative working relationship with the Executive Branch of government brings development closer to the people.
“Since the advent of the new administration, we have worked closely to stabilize the economy and steady the fiscal environment. This, we have indeed demonstrated by the speedy passage of the Medium Term Expenditure Frame Work (MTEF) and recently in the postponement of our recess in order to receive President Muhammadu Buhari to present the 2016 Appropriation Bill.
“The purpose of our Legislative Agenda is to enable us focus our lawmaking in areas that will help create jobs, expand our infrastructure base and make our economy work for the benefit and happiness of the majority of our people.
“Pivotal to the attainment of this objective is the state of the Nigerian business environment. In collaboration with major stakeholders, the 8th Senate is presently signing a memorandum of understanding on Enhancing Nigerian Advocacy for Better Business Environment Project, a National Assembly business and investment roundtable initiative, with developmental organizations”, the Senate President said.
The Senate President used the occasion to call on the Central Bank of Nigeria (CBN) to ensure that in reacting to recent developments in the economy, it does not devalue the Naira for the mere sake of devaluation.
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Ogun State to Partner with Nigerian Air Force on Security and Aviation Development

Governor Dapo Abiodun has reaffirmed Ogun State’s commitment to strengthening its collaboration with the Nigerian Air Force (NAF) to enhance security and drive aviation development in the state.

The governor made this known during a visit to the Chief of the Air Staff, Air Marshal Hassan Abubakar, at the NAF Headquarters in Abuja. Their discussions focused on areas of mutual interest, particularly the development of the Gateway International Airport.
Governor Abiodun emphasized the state’s vision of transforming the airport into a major hub for trade, investment, and logistics. He highlighted the Nigerian Air Force’s crucial role in ensuring both the security and operational efficiency of the facility.
A key outcome of the meeting was the proposed establishment of an Air Force base at the airport. The governor expressed confidence that this initiative would enhance security, stimulate economic activities, and attract more investors to Ogun State. He also commended Air Marshal Abubakar for his proactive leadership and positive response to the state’s request.
Reiterating his administration’s commitment to strategic partnerships with security agencies, Governor Abiodun noted that the planned Air Force base would significantly reinforce Ogun’s security framework and further solidify its status as an economic powerhouse.
“Today, we engaged in a productive discussion with the Chief of the Air Staff, Air Marshal Hassan Abubakar, on strengthening our collaboration, especially concerning the Gateway International Airport. As we work toward making it a key trade and investment hub, we recognize the vital role of the Nigerian Air Force in ensuring its security and smooth operations. Strengthening this partnership will not only advance our aviation goals but also contribute to the overall safety and economic prosperity of Ogun State.
“We appreciate the leadership of the Nigerian Air Force and look forward to a fruitful collaboration that will benefit our people,” the governor concluded.
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Former Presidential Spokesperson Doyin Okupe Passes Away at 72

Dr. Doyin Okupe, a veteran politician, medical doctor, and former presidential spokesperson, has passed away at the age of 72. His death was confirmed on Friday, March 7, 2025.
Family sources revealed that Dr. Okupe had been battling a critical illness for several weeks before his demise. Reports indicate that he succumbed to cancer after a prolonged struggle with the disease.
Okupe was first diagnosed with prostate cancer 16 years ago and later battled sarcoma in his right shoulder. In October 2023, he was hospitalized due to complications from prostate cancer and was flown to Israel for treatment. Despite medical efforts, his health continued to decline.
In October 2024, he shared a testimony video where he spoke about overcoming cancer twice, attributing his recovery to his faith in the Bible and the power of Jesus Christ. He encouraged Christians to hold on to their faith in times of hardship.
Beyond his medical battles, Okupe was a key player in Nigerian politics. He served as a senior adviser to former President Goodluck Jonathan and played a pivotal role as the Director-General of Peter Obi’s 2023 Presidential Campaign. However, his political career was not without controversy. In December 2022, he resigned from Obi’s campaign after a money laundering conviction. Following the 2023 general elections, he also left the Labour Party and later became an outspoken supporter of President Bola Tinubu’s administration.
Dr. Okupe’s passing marks the end of an era in Nigerian politics. He will be remembered for his contributions to governance, his resilience in the face of health challenges, and his unwavering engagement in national political discourse.

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Senate Committee Recommends Six-Month Suspension for Senator Natasha Akpoti-Uduaghan

The Nigerian Senate is considering a six-month suspension for Senator Natasha Akpoti-Uduaghan following recommendations from its Committee on Ethics, Privileges, and Code of Conduct.
According to the committee’s chairman, Senator Neda Imasuen, the Kogi Central lawmaker was found in violation of Senate rules, prompting the disciplinary action. If the recommendation is upheld, her suspension will take effect from March 6, 2025.
As part of the proposed sanctions, Senator Natasha’s office will be locked, and she will be barred from accessing the National Assembly premises for the duration of her suspension. Additionally, her salary and those of her legislative aides will be withheld. She will also be prohibited from representing Nigeria in any official capacity as a senator during the suspension period.
However, the committee suggested that she could submit a written apology for the Senate to reconsider her suspension.
This development follows Senator Natasha’s latest attempt to present a petition before the Senate, alleging sexual harassment by Senate President Godswill Akpabio. Unlike her previous attempt, this petition was signed by her constituents.
During Thursday’s plenary session, she was asked whether the matter was already before a court of law, to which she responded in the negative. Following standard procedure, the Senate directed her to formally submit the petition, which was then referred to the Ethics, Privileges, and Code of Conduct Committee for investigation. The committee has been given four weeks to conduct its probe and report back to the Senate.
This marks the second time Senator Natasha has raised allegations of harassment within the chamber, sparking concerns about the political implications of her possible suspension.

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