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.
News
Anyone Opposing U.S. Strikes Is Nigeria’s Enemy or Profiting From Insecurity — Ex-General Enenche

A former Nigerian military general, Enenche, has described opposition to United States support and strikes against terrorists as unpatriotic, insisting that such resistance only aids insecurity or serves personal interests.
Reflecting on his experience in active combat zones over two decades ago, Enenche said he witnessed firsthand the human cost of insecurity. According to him, security goes beyond the battlefield, affecting human lives, the economy, and even cyber space.
“As a military man who fought in that area over 20 years ago, I saw with my own eyes the casualties, the rage and the devastation. When you talk about security, you are talking about human security, economic security, cyber security. It affects everyone,” he said.
He welcomed the United States’ decision to support Nigeria, describing it as a positive development for the country. Enenche referenced former U.S. President Donald Trump’s commitment to assist Nigeria, noting that such cooperation signals hope rather than danger.
“America has come out boldly to say, ‘We are going to help you’. President Donald Trump said they will assist Nigeria. For me, this is the beginning of good things to come for this country,” he stated.
The retired general criticized individuals who consistently oppose foreign support, accusing them of spreading fear and pessimism.
“Where some people see negatives, we should see positives. Those who constantly project fear and pessimism, I see them as enemies of this country,” he said.
Drawing comparisons with Nigeria’s past peacekeeping missions, Enenche questioned why similar objections were not raised when Nigerian troops intervened in countries such as Liberia, Sierra Leone, and Congo.
“Anytime Nigerians cooperate and act as a team, we get results,” he added.
He further clarified that while foreign allies may not deploy ground troops, Nigeria must still take responsibility for on-ground operations, with strong backing from state and local governments.
“They may not put boots on the ground, but we must do the foot-on-ground work. We must deploy the necessary resources, and that is where state governments and local governments must support this effort,” he said.
Highlighting the sophistication of recent operations, Enenche emphasized that the strikes were intelligence-driven and precise, targeting terrorist strongholds.
“Look at the capacity, look at the weapons used. Do we have that capability? This was intelligence-driven and precise. These terrorists do not want to be followed to their staging or assembly areas,” he concluded.
News
‘Give Them Their Money Directly’ — Tinubu Warns Governors Over LG Allocations
President Bola Ahmed Tinubu has issued a stern warning to state governors over the handling of Local Government (LG) allocations, insisting that funds meant for LGs must be paid directly to them in line with the Supreme Court judgment.
Speaking on Friday at the 15th APC National Executive Committee (NEC) meeting in Abuja, Tinubu stressed that the apex court has once again made its position clear, leaving no room for ambiguity. According to him, compliance is no longer optional, as the judgment is binding on all tiers of government.
“The Supreme Court has capped it for you again, saying, ‘give them their money directly’. If you wait for my Executive Order, because I have the knife, I have the yam, I will cut it,” the President said, adding that he has chosen to be patient and respectful with governors.
However, Tinubu warned that continued delay or refusal to implement the ruling would attract consequences, noting that enforcement could begin through FAAC disbursements if necessary.
Emphasizing the rule of law, the President said the ultimate authority remains the Supreme Court and its judgment must be obeyed without excuses.
“We have to comply. We have to respect the judgment,” he concluded.

Politics
‘I’ve Bragged To U.S., EU Partners That Nigeria Will Implement State Police To Tackle Insecurity’ — Tinubu
President Bola Ahmed Tinubu has reiterated his administration’s commitment to implementing state police as a key strategy to tackle Nigeria’s worsening insecurity, revealing that he has already communicated this resolve to international partners in the United States and the European Union.
According to the President, insecurity remains one of the biggest challenges confronting Nigeria, and addressing it requires bold structural reforms beyond conventional federal policing. Tinubu stated that the current centralized policing system is overstretched and inadequate for a country as large and diverse as Nigeria, making decentralised policing an urgent necessity.
He explained that state police would allow for better intelligence gathering, quicker response times, and security solutions tailored to local realities. By empowering states to take greater responsibility for security within their territories, the federal government believes crimes such as banditry, kidnapping, and communal violence can be tackled more effectively.
Tinubu also noted that discussions around state police are ongoing, involving consultations with state governments, the National Assembly, and other key stakeholders. He emphasized that proper legal frameworks, accountability mechanisms, and safeguards would be put in place to prevent abuse of power.
The President’s statement signals a renewed push for constitutional reforms that have long been debated in Nigeria. Many security experts and political leaders have argued that state police could strengthen internal security, while critics have raised concerns about potential misuse by state actors.
By openly assuring international partners of Nigeria’s intention to implement state police, Tinubu appears determined to move the conversation from debate to action, positioning the reform as a cornerstone of his administration’s security agenda.

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