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Country of Particular Concern/Invasion Threat: We’ll Defeat Terrorism, Tinubu Vows
President Bola Tinubu, on Thursday in Abuja, stated that Nigeria remains on a steady growth trajectory, with more promise of stability and prosperity as economic reforms continue to yield results and gain national and international acceptance.
The President spoke at the Federal Executive Council after the swearing-in of two ministers, Dr Bernard Mohammed Doro, and Dr Kingsley Tochukwu Udeh (SAN). Doro will manage the Ministry of Humanitarian Affairs and Poverty Reduction, while Udeh will oversee the Ministry of Innovation, Science and Technology.
On the current state of the economy and the relationship between Nigeria and the United States, President Tinubu assured that the Federal Government was engaging with the world diplomatically.
“The most important thing is the fact that despite the political headwinds and the fear of our people, we will continue to engage with partners.
“The success of the $2.3 billion eurobond that was oversubscribed by 400% is the most assuring. So, the task ahead is immense; we are engaging the world diplomatically, and we assure all of you that we will defeat terrorism in this country.
“The task ahead is immense, but it is our resolve to move forward with unity and purpose, guided by the Renewed Hope Agenda to build a prosperous, inclusive and resilient Nigeria.”
On the security challenges facing the country, President Tinubu, as the Commander-in-Chief of the Armed Forces, charged Nigerians not to succumb to despair, assuring that the government will defeat every form of terrorism and secure every part of the country.
He called Ministers and other officials to ensure consistency in communication and avoid discordant messaging.
“Do we have problems? Yes. Are we challenged by terrorism? Yes. But we will defeat terrorism. We will overcome the CPC designation. Nigeria is one happy family, and we shall spare no effort until we eliminate all criminals from our society. We want our friends to help us as we step up our fight against terrorism, and we will eliminate it,” President Tinubu assured.
During the cabinet meeting, President Tinubu, who directed Minister of Finance and Coordinating Minister of the Economy, Wale Edun, to brief the Council on the nation’s economic performance, stated that the government will continue to sustain and consolidate the gains.
Earlier in his address, the Minister of Finance and Coordinating Minister of the Economy noted that the macroeconomic indicators showed the economy had picked up, with one of the best results in the last decade.
Edun said: “The reforms that have been taken under your Renewed Hope Agenda, so bold and sometimes unpopular, are rooted in a clear objective to build a competitive economy that attracts, creates jobs and lifts millions out of poverty.
“In Q2 2025, Nigeria’s GDP grew by 4.23%, the highest in a decade, outside the COVID rebound. Thirteen sectors recorded growth above 7% up from nine sectors in the previous quarter.
“The industrial sector nearly doubled its growth from 3.72% to 7.45%, reflecting rising productivity and investor confidence. Inflation eased to 18.02% in September 2025. As we know, foreign exchange reserves topped $43 billion, and our trade surplus reached N7.4 trillion.
“Clear examples of macroeconomic stability, as the consumer spending basket published earlier this year shows, our citizens now spend maybe about half of the income on basic needs, food, shelter and clothing, as compared with almost 90% previously.
“This signals a country moving from subsistence towards productivity and indeed affluence.”
The minister said the vision of reaching a one trillion dollar economy by 2030 was achievable by pursuing a 7% annual growth and a commitment to ending poverty as a moral imperative.
“Nigeria’s removal from the Financial Action Task Force Grey List marks a major milestone in strengthening our financial integrity and confidence.
“At the recent World Bank/IMF annual meetings, global leaders commended our reforms, our progress and the revised IMF growth forecast of up to nearly 4% and improved credit ratings,” the minister added.
He said there was an urgency to mobilise domestic resources and provide investment to finance infrastructure, as well as drive sustainability and job-rich growth.
Yesterday’s hugely successful $2.35 billion Eurobond issuance, in which the order book peaked at over $13 billion, is a testament to continued investor confidence in our country, our reform agenda and Mr President’s leadership.
“Despite the political headwinds which we are all aware of, the market shrugged off those political considerations and focused on the economic fundamentals of Nigeria” he stated.
For greater inclusivity, Edun urged ministers overseeing sectors such as infrastructure, mining, education, health, agriculture, the blue economy, digital innovation, arts, and culture to collaborate with sub-national governments to identify and package projects that meet investor expectations.
“Every Naira must be optimised to sustain momentum amid global liquidity constraints. Where there is less funding from multilateral institutions, we must rely on our own resources. The next phase of reforms will remove barriers holding back investors. We will review tariffs and import restrictions to stimulate productivity and investment,” he said.
Courtesy: State House, Abuja
The Super Eagles of Nigeria defeated Egypt 4-2 on penalties to win the Africa Cup of Nations (AFCON) 2025 third-place playoff on Saturday.
Goalkeeper Stanley Nwabali proved the hero of the night with two crucial saves during the shootout, including one from Egyptian star Mohamed Salah.
Ademola Lookman then calmly converted the decisive penalty to secure the bronze medal —Nigeria’s ninth third-place finish in AFCON history.
With neither side able to break the deadlock in a cagey second half, the game ended 0-0, sending the contest directly to penalties.
Despite Fisayo Dele-Bashiru missing Nigeria’s first kick, Nwabali’s immediate saved from Egypt’s first two attempts shifted the momentum.
The Supreme Court has dismissed the appeal of the son of a former Jigawa State governor, challenging the decision of the trial court, which convicted him for failing to declare $40,000 at Kano airport.
In a unanimous decision, the apex court panel dismissed the appeal of Aminu Sule Lamido, the son of former governor Sule Lamido, for lack of merit.
Operatives of the Economic and Financial Crimes Commission (EFCC) arrested Aminu on December 11, 2012, at the Mallam Aminu Kano International Airport while preparing to travel to Cairo, Egypt.
The prosecution said Aminu declared $10,000 to the Nigeria Customs Service (NCS), but was found with an additional $40,000, which was not disclosed on his currency declaration form.
The EFCC charged him before the Federal High Court in Kano on a one-count offence of false declaration of foreign currency, contrary to provisions of the Money Laundering (Prohibition) Act.
On July 12, 2015, the court convicted Aminu and ordered him to forfeit 25 per cent of the undeclared sum to the Federal government.
Dissatisfied with the ruling, Aminu approached the Court of Appeal in Kaduna to overturn the conviction and set aside the forfeiture order.
In a judgment delivered on December 7, 2015, however, the Court of Appeal dismissed the appeal.
Meanwhile, the Supreme Court has ordered that the trial of former governor Lamido, his two sons, and others, over alleged N1.35billion fraud, should continue before the Federal High Court in Abuja.
A five-member panel of the apex court issued the directive in two unanimous judgments, in the two appeals filed by the Economic and Financial Crimes Commission (EFCC).
The Supreme Court upheld the decision of the trial court, which dismissed the no-case submission filed by the Lamidos and held that the defendants had a case to answer.
Both appeals were against the July 25, 2023, judgments of the Court of Appeal in Abuja, which upheld the no-case submission made by Lamido and others and struck out the 37-count charge on which they were being prosecuted, on the grounds that the Federal High Court in Abuja lacked the jurisdiction to hear the case.
In the lead judgments of the Supreme Court, Justice Abubakar Umar set aside the July 25, 2023 judgments of the Court of Appeal and affirmed the earlier decision by Justice Ijeoma Ojukwu of the Federal High Court, Abuja, which overruled the no-case submissions by Lamido and others and ordered them to enter their defence.
The EFCC, in the 37-count charge, among others, accused Lamido of abusing his position as a governor between 2007 and 2015, allegedly laundering sums of money received as kickbacks from companies that were awarded contracts by the Jigawa State Government under his leadership.
The other defendants charged alongside Lamido are his two sons – Aminu and Mustapha; Aminu Wada Abubakar and their companies – Bamaina Holdings Ltd and Speeds International Ltd.
