Headlines
Fasoranti Endorses Tinubu, Adebanjo Insists on Peter Obi
The leader of the Pan-Yoruba socio-political group, Afenifere, Pa Reuben Fasoranti, and several South West leaders on Sunday endorsed the presidential candidate of the All Progressives Congress, Asiwaju Bola Tinubu.
Tinubu received their endorsement during a meeting he had with the leaders of the organisation at Fasoranti’s residence in Akure, the Ondo State capital.
Some members of the group, including Pa Ayo Adebanjo, and the Secretary-General Chief Sola Ebiseni, were however absent at the meeting.
Adebanjo, who had earlier declared support for the presidential candidate of the Labour Party, Peter Obi, in a telephone interview with The Punch insisted on the group’s endorsement of Obi
Adebanjo said he was not supposed to be at the meeting in Akure, adding that his support for Obi was already known.
He said, “In the first place, I was not supposed to be there. In the second place, we have made our position clear. Pa Fasoranti asked me if I was coming, I said if he asked me to come. But tell him what the position of Afenifere is. Once he has done that, I’m not going into any controversy about that.
Afenifere has taken a stance to support Obi. Any other splinter or rebel group… I’m not going into any controversy about that. I regard that as a diversion. What we are going to do now is see that we succeed at the election.”
Fasoranti, who briefly prayed for the APC candidate, simply declared, “Tinubu will win the election.”
The organisation’s National Organising Secretary, Abagun Omololu, also issued a statement at the end of the meeting.
In attendance at the meeting were former Governor of Ogun State, Otunba Gbenga Daniel; Retired Methodist Bishop, Archbishop Ayo Ladigbolu; National Secretary of APC, Senator Iyiola Omisore; General Secretary of Yoruba Council of Elders, Senator Cornelius Adebayo; former Governor of Osun State, Chief Bisi Akande; and Deputy Governor of Oyo State, Bayo Lawal, who represented Governor Seyi Makinde.
Omololu explained that Tinubu briefed the gathering about his aspiration for the presidency and also presented his manifesto to Fasoranti.
But Omololu said the Afenifere leaders did not hesitate to endorse the former Lagos State governor after he proved beyond doubt that he would practise true federalism by giving states more control over internal affairs when elected.
His statement partly read, “Tinubu shared with us his vision of a greater and more prosperous Nigeria where democratic rights, rule of law, justice and fairness will reign supreme. He also gave assurance on steps to be taken to ensure the safety and security of Nigerians and their properties.
“We support the decision of all qualified citizens to exercise their fundamental rights of seeking offices provided by the federal Constitution.
“Having taken cognisance of his commendable antecedents as Lagos State Governor and his demonstrated ability in building physical and human capital, the Yoruba leaders at today’s meeting are in no doubt that Asiwaju Bola Tinubu as President of the Federal Republic of Nigeria, offers the best opportunity to produce a government that will usher in a new era of hope, peace, security, harmony, gainful employment for the multitude, economic development, social and political stability.
“We have also been assured of his commitment to the promotion of true federalism that will give states more control over their affairs. Afenifere wishes him success in the pursuit of his vision.”
The Punch
President Bola Tinubu has held a private meeting with suspended Rivers State Governor Siminalayi Fubara in London, as part of efforts to resolve the political crisis rocking the oil-rich state, according to The Africa Report.
The paper reported that the meeting took place last week following Tinubu’s departure from Paris, and that the talks were initiated at Fubara’s request, amid his growing efforts to regain his position following his suspension and the imposition of a state of emergency in Rivers State.
During the meeting, Fubara reportedly pledged to make certain concessions in a bid to ease tensions. A senior presidential adviser, who spoke on condition of anonymity, revealed that negotiations are still ongoing but suggested that Fubara’s suspension is likely to be lifted before the six-month period elapses.
Another aide to the president indicated that Fubara is considering joining the ruling All Progressives Congress (APC), a move that could improve his standing with the presidency and enhance Tinubu’s political influence in the state. “If Fubara joins the APC, the president’s chances of winning Rivers State will increase significantly,” the aide noted.
Notably absent from the London talks was former Rivers Governor and current FCT Minister Nyesom Wike, who is reportedly uneasy about being sidelined in the reconciliation process. However, President Tinubu is expected to facilitate a broader meeting involving Fubara, Wike, and members of the Rivers State House of Assembly to find a lasting resolution to the impasse.
Pope Francis has died, the Vatican has announced in a video statement.
The first Latin American leader of the Roman Catholic Church, died at the age of 88 at 7:35 am (0535 GMT) on Monday, said Cardinal Kevin Farrell in a statement published by the Vatican on its Telegram channel.
Francis had suffered various ailments in his 12 year papacy, with severe complications in recent weeks after a bout of double pneumonia for which he spent five weeks in hospital.
His death comes one day after a brief appearance before thousands of Catholic pilgrims gathered in St Peter’s Square for the Vatican’s open-air Easter Sunday mass.
Source: Aljazeera
The International Monetary Fund (IMF) says that Nigeria faces significant uncertainty in its economic outlook despite wide-ranging reforms.
It, however, noted that the gains are yet to benefit all Nigerians with poverty and food insecurity remaining high.
Concluding its 2025 Article IV Consultations with Nigeria’s public policy executives during the week, IMF’s team, led by Axel Schimmelpfennig, its mission chief for Nigeria, acknowledged that Nigeria has taken important steps to stabilize the economy, enhance resilience, and support growth.
The IMF team had met with Minister of Finance and Coordinating Minister of the Economy, Wale Edun, Minister of Agriculture and Food Security, Abubakar Kyari, Central Bank of Nigeria Governor, Yemi Cardoso, senior government and central bank officials, the Ministry of Environment, the private sector, academia, labour unions, and civil society.
Although the IMF representatives said these reforms have put Nigeria in a better position to navigate the external environment, the macroeconomic outlook remains marked by significant uncertainty.
They said that the elevated global risk sentiment and lower oil prices would impact the Nigerian economy.
They, therefore, recommended that macroeconomic policies need to further strengthen buffers and resilience, reduce inflation, and support private sector-led growth.
The final report of the consultations stated: “The Nigerian authorities have taken important steps to stabilize the economy, enhance resilience, and support growth.
‘‘The financing of the fiscal deficit by the central bank has ceased, costly fuel subsidies were removed, and the functioning of the foreign exchange market has improved.
‘‘Gains have yet to benefit all Nigerians as poverty and food insecurity remain high.
‘‘The outlook is marked by significant uncertainty. Elevated global risk sentiment and lower oil prices impact the Nigerian economy.
‘‘The reforms since 2023 have put the Nigerian economy in a better position to navigate this external environment. ‘‘Looking ahead, macroeconomic policies need to further strengthen buffers and resilience, while creating enabling conditions for private sector-led growth.
“The authorities communicated to the mission that they will implement the 2025 budget in a manner that is responsive to the decline in international oil prices. A neutral fiscal stance would support monetary policy to bring down inflation.
‘‘To safeguard key spending priorities, it is imperative that fiscal savings from the fuel subsidy removal are channeled to the budget.
‘‘In particular, adjustments should protect critical, growth-enhancing investment, while accelerating and broadening the delivery of cash transfers under the World Bank-supported program to provide relief to those experiencing food insecurity.
“A tight monetary policy stance is required to firmly guide inflation down. The Monetary Policy Committee’s data-dependent approach has served Nigeria well and will help navigate elevated macroeconomic uncertainty.
‘‘Announcing a disinflation path to serve as an intermediate target can help anchor inflation expectations.”
