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
Imo State Bans Nursery and JSS3 Graduation Parties, Restricts Frequent Textbook Changes

The Imo State Government has announced new policies aimed at reducing the financial burden on parents and strengthening focus on academics in schools.
In a memo dated August 15, 2025, the Commissioner for Education, Prof. Bernard Ikegwuoha, directed that graduation parties for nursery pupils and Junior Secondary School 3 (JSS3) students are no longer allowed. Going forward, only Primary 6 and Senior Secondary School 3 (SSS3) students are permitted to hold graduation ceremonies, in line with Nigeria’s 6-3-3-4 education system.
“The Ministry is committed to providing quality and functional education to every child in the state,” Ikegwuoha said. “Graduation ceremonies for Kindergarten, Nursery, and JSS3 are hereby abolished. The focus must remain on celebrating academic milestones at the completion of primary and secondary education cycles.”
The Commissioner also condemned the frequent change of textbooks in private and faith-based schools, describing it as an unnecessary financial strain on families. He ordered that approved textbooks must be retained for at least four years to enable siblings and other students to reuse them.
“School proprietors are hereby warned to desist from the annual change of textbooks,” Ikegwuoha stressed. “Maintaining a stable textbook list for four years will not only cut costs for parents but also create a more consistent and effective learning environment.”
According to the Ministry, these measures are part of efforts to build a more stable, affordable, and student-centered education system in Imo State.
News
2027: Atiku Suspends ADC Membership Plans Amid Jonathan Comeback Rumors

Former Vice President Atiku Abubakar has put on hold his plan to collect his African Democratic Congress (ADC) membership card, a move that has sparked fresh speculation about former President Goodluck Jonathan’s possible return to the 2027 presidential race. Reports suggest the ADC may be making moves to woo Jonathan.
Atiku, who recently left the Peoples Democratic Party (PDP) after months of internal crisis, was scheduled to formalize his ADC membership in a public ceremony in Jada, Adamawa State, on Wednesday, August 6.
The event, to be overseen by senior ADC leaders, has now been postponed indefinitely. Atiku’s camp has not given any official explanation for the sudden change in plans.

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“Igbo Presidency Will Happen, But Not in 2027” — David Umahi

Minister of Works and former Ebonyi State Governor, David Umahi, has called for unity and strategic political engagement from the Southeast, saying the region must be patient and wise in its approach to national leadership.

“Let’s not be deceived. For a stronger relationship with this administration, the Southeast must give Mr. President up to 90% support,” he said.
Umahi stressed that the dream of an Igbo presidency is very much alive, but cautioned that 2027 is not the time. He called on Southeast leaders and citizens to reject divisive politics and misinformation.
“We can’t be playing the politics of hate and expect other regions to trust us with power. Let’s support the President to complete his 8 years — every region is benefitting.”
He reaffirmed his belief that with unity, God’s help, and strategic alliances, the Southeast will eventually lead the nation.
“One day, we’ll get there. But not now. And I won’t stop speaking against any attempt to mislead our people.”
Umahi also praised the South East Governors for their efforts and urged the people to rally behind them and the President as they serve their second terms.
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