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We Must Sustain The Ease Of Doing Business Reforms – Osinbajo

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OFFICE OF THE VICE PRESIDENT | PRESS RELEASE

The Buhari administration’s business reforms, through the Presidential Enabling Business Environment Council (PEBEC), is an opportunity to significantly boost local and foreign investments in the country, according to the Vice President Yemi Osinbajo.

Prof. Osinbajo spoke today at a virtual meeting of the PEBEC to review the state of the reforms across a number of government agencies, noting that the Federal Government will continue to take the opportunity and ensure that more results are recorded.

As a result of the work of PEBEC, the World Bank has praised the economic direction of the Buhari administration and ranked the country higher in its annual Ease of Doing Business Rankings.

According to the Vice President, “This is a country with so much promise, this is a country that has so much resources and our administration has every opportunity to do something profound about investments in Nigeria.

“We must focus on how to get our business environment working.”

Earlier in his presentation, the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo expressed optimism that the challenges observed in sustaining the successes recorded in the reforms will be addressed.

On his part, the Minister of the Federal Capital Territory (FCT), Alhaji Mohammed Bello, said sustaining the PEBEC reforms is a priority for Nigeria as the country would not have risen in the Ease of Doing Business rankings if not for PEBEC.

The Special Adviser to the President on Ease of Doing Business, Dr. Jumoke Oduwole, said the Enabling Business Environment Secretariat (EBES) will continue to drive the mandate of PEBEC through extensive collaborations, adding that the National Action Plan 5.0 has been extended to July 29, 2020.

Attendance at the meeting, chaired by Vice President Yemi Osinbajo, included Minister of Industry, Trade and Investment, Otunba Niyi Adebayo; Minister of Interior, Mr. Rauf Aregbesola; Minister of FCT, Alhaji Mohammed Bello; Minister of Communication and Digital Economy, Dr. Isa Pantami; Minister of Information, Alhaji Lai Mohammed; Minister of State for Industry, Trade and Investment, Amb. Mariam Katagum; Head of Civil Service of the Federation, Dr. Folashade Yemi-Esan; Special Adviser to the President on Ease of Doing Business, Dr. Jumoke Oduwole, amongst other members of the council.

*Laolu Akande,*
Senior Special Assistant to the President on Media & Publicity,
Office of the Vice President.
21 July 2020

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‘Give Them Their Money Directly’ — Tinubu Warns Governors Over LG Allocations

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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.

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Accord Party Welcomes Adeleke for 2026 Governorship Bid

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The Accord Party in Osun State has indicated that Governor Ademola Adeleke would be granted a waiver if he decides to contest the 2026 governorship election under its platform.

Victor Akande, Chairman of Accord Party in Osun, told The PUNCH on Sunday that Adeleke or his aides have not formally approached the party, describing speculation about a potential defection as “mere rumours.”

Accord Party has emerged as a possible platform for Adeleke’s re-election amid internal tensions in his current party, the People’s Democratic Party (PDP).

Akande said the party already has two aspirants for its ticket in the August 8, 2026 election but would welcome Adeleke if he chooses to join.

“The issue of Governor Adeleke is still a rumour. I have not met with anyone from the government about this. Accord Party is not the only option being speculated for his defection, but if he comes, we will receive him wholeheartedly,” Akande stated.

He added, “Our doors are always open. People are free to join or leave at any time. If Adeleke comes, he will receive a waiver to contest just like any other aspirant. Currently, two individuals have shown interest in running under our platform, though they have not made financial commitments yet.”

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Goodluck Jonathan Reportedly Stranded in Guinea-Bissau After Sudden Military Takeover

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Former Nigerian President Goodluck Jonathan is reportedly stranded in Guinea-Bissau following the military’s announcement of a takeover on Tuesday.

Jonathan, who travelled to the country as part of an international election observation mission, was expected to oversee the release of official results before the unexpected shift in power disrupted all movement. Sources say he and other foreign observers are currently unable to leave as security restrictions tighten across the capital.

The situation has sparked concern among regional stakeholders, with diplomatic channels said to be monitoring developments closely. So far, neither Jonathan nor Nigerian authorities have issued an official statement on his safety or plans to return.

The unfolding political tension in Guinea-Bissau continues to draw global attention, especially as the fate of the election results remains unclear.

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