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.
Politics
2027: Anytime Tinubu thinks I am no longer valuable, he has the right to sack me —Nyesom Wike
Nyesom Wike, the Minister of the Federal Capital Territory (FCT), has stated that President Bola Ahmed Tinubu has every right to remove him from office whenever he is deemed no longer useful.
Wike made the remark while addressing recent political discussions surrounding his role in the Tinubu-led administration. He stressed that his appointment is entirely at the president’s discretion and not a matter of entitlement.
According to the former Rivers State governor, his focus remains on delivering results and justifying the confidence reposed in him, rather than worrying about removal from office. He added that leadership positions come with responsibility, not permanence.
Wike’s comment has since sparked reactions across political circles, with many viewing it as a reaffirmation of loyalty to President Tinubu and the principle that public office is service-driven, not guaranteed.



Politics
“Can Sanwo-Olu claim leadership in Lagos?” Fayose questions Fubara’s ‘001’ stance
Former Ekiti State Governor, Ayo Fayose, has queried claims of political leadership within the All Progressives Congress (APC), criticizing Rivers State Governor, Siminalayi Fubara, for declaring himself the party’s “001” in the state.
Fayose argued that political leadership within a state cannot be self-proclaimed, insisting that it must be earned through influence, structure, and recognition by party stakeholders. He questioned whether similar claims could be made in other states, asking rhetorically if Lagos State Governor, Babajide Sanwo-Olu, could unilaterally declare himself the political leader of Lagos.
According to Fayose, such declarations risk deepening internal divisions within the party and undermining established party hierarchies. He advised party leaders to prioritize unity and internal democracy over personal assertions of dominance.




Politics
2027: Obi is the only Person that matters in ADC — Fayose
Former Ekiti State Governor, Ayo Fayose, has declared that the African Democratic Congress (ADC) may struggle for relevance in the 2027 general election if it fails to present former Anambra State Governor, Peter Obi, as its presidential candidate.
Fayose made the assertion while commenting on the ongoing realignments and coalition talks among opposition political parties ahead of the 2027 polls. According to him, Obi remains the most influential political figure capable of galvanising national support and giving any opposition platform a realistic chance against the ruling party.
He stressed that Peter Obi’s political appeal, especially among young Nigerians and urban voters, makes him indispensable to any serious opposition movement. Fayose argued that without Obi at the centre of its presidential ambition, ADC risks fading into political obscurity.
“As far as 2027 is concerned, Peter Obi is the only person that truly matters in ADC. Any party that fails to recognise his political weight is only deceiving itself,” Fayose said.
The former governor noted that the 2023 presidential election fundamentally altered Nigeria’s political landscape, with Obi emerging as a dominant force beyond traditional party structures. He added that Obi’s performance at the polls proved that Nigerians are increasingly driven by personality, credibility, and perceived competence rather than party loyalty alone.
Fayose also cautioned opposition parties against internal power struggles and ego-driven politics, warning that such tendencies could weaken collective efforts to challenge the ruling All Progressives Congress (APC) in 2027.
He urged ADC leaders to prioritise strategic decision-making and national interest over personal ambitions, stressing that failure to do so would limit the party’s ability to attract voters, allies, and relevance on the national stage.
As preparations for the 2027 elections gradually gather momentum, Fayose’s remarks are expected to further intensify debates around opposition unity, candidate selection, and the future political direction of Peter Obi, whose next move remains a subject of nationwide interest.

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