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Hardship: Okonjo-Iweala Advises Tinubu to Provide Social Safety Nets for Poor Nigerians
The Director General of World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has called on the Federal government to put social safety nets in place for poor Nigerians who are feeling the pains of President Bola Tinubu’s economic reforms.
Okonjo-Iweala stated this on Thursday after a meeting with the president at the Aso Villa in Abuja.
Though she commended the president for the economic reforms including petrol subsidy removal and the unification of the foreign exchange windows, the former Nigerian finance minister said the government must put social safety nets in place for poor Nigerians to cope with the economic hardship occasioned by the government’s reforms.
In a chat with journalists after her meeting with the president, the WTO boss said: “We think that the President and his team has worked hard to stabilised the economy. You cannot really improve an economy unless it is stable. So, he has to be given the credit for the stability of the economy. The reforms have been in the right direction.
“What is needed next is growth; we now need to grow the economy and we need to put in social safety nets so that people who are feeling the pinch of the reforms can also have some supports to weather the hardship. That’s the next step.”
Tinubu, who launched a string of economic reforms when he assumed office in May 2023, has come under heavy criticisms in over two years, as many Nigerians have attributed soaring food inflation and skyrocketing cost of living to majorly his removal of petrol subsidy and the unification of foreign exchange windows.
Angry citizens have held a number of rallies to protest the hardship faced by the middle class and ordinary citizens in the last two years, the most prominent of them being the hunger protests or #EndBadGovernance demonstrations of August 2024.
The Nigerian president’s meeting with Okonjo-Iweala came two weeks before the expiration of her first term as WTO boss on August 31, 2025, and the commencement of her second term on September 1, 2025.
The renowned development economist and global finance expert made history in 2021 as the first African and first woman to lead the 164-nation-member WTO.
The WTO boss, who was in company of Trade Minister Jumoke Oduwole, also briefed the president on the progress made on the Women’s Exporters’ Fund for the digital economy.
Okonjo-Iweala said, “We came to brief him about something very joyful that we did today with the help of the first lady.
“We launched a Women’s Exporters’ Fund for the digital economy. This is a fund that is jointly managed by the World Trade Organisation and the International Trade Centre and support women to weather the storms of the economy and create jobs for themselves.
“It is part of the thinking of social safety net and what we can do to support Nigerian women to contribute more to the economy and to themselves.
“Nigeria competed and one, one of four countries that won globally to be part of this initiative.
“We have 67,000 Nigerian women who applied for this and 146 of them won and they are going to have money disbursed directly to them.
“16 of them won what we called the Booster Track; those who already have businesses but their businesses would be scaled up. They would receive technical and business supports from the WTO and the ITC for 18 months.
“Another 100 would get $5,000 each to start and strengthen their businesses, with 12-month reforms.”
Nigeria on Wednesday made a high-level presentation to the Commonwealth Games Federation (CGF) in London, United Kingdom, as part of efforts to advance its bid to host the 2030 centenary edition of the Commonwealth Games.
The Nigerian delegation, led by Chairman of the National Sports Commission (NSC), Mallam Shehu Dikko, and Director General, Hon. Bukola Olopade, emphasised that the bid is an opportunity to foster a shared legacy that epitomises the Commonwealth spirit.
Nigeria presented an all-inclusive bid, with focus areas such as sports excellence, arts, international cultural exchange, tapping into a budding creative economy, building a new shared commonwealth legacy and shaping the future of the African youth.
The bid reflects the core values of Commonwealth Sport: More in Common, Equality, Humanity, and Destiny. The Abuja 2030 Games are designed to bring people together through the power of sport, reaching across gender, disability, culture, ethnicity, age, and background. They will celebrate what binds the Commonwealth together, fostering solidarity while opening pathways for more people to succeed in sport.
The bid also represents equality by offering Africa, for the first time in 100 years, the chance to host the Games. It reflects humanity by promising to transform lives and turn one million dreams into one million skills.
Also, it embodies destiny by positioning the Centennial Games in Nigeria as a defining moment that will shape the next century of the Commonwealth through youth, skills, and inclusive growth.
The delegation included the Bid Coordinator, Mallam Mainasara Ilo; the President of the Nigerian Olympic Committee, Engr. Habu Gumel, Minister of Arts and Culture, Hannatu Musawa, Presidential Spokesperson, Hon. Sunday Dare, former Olympian and 2-time Commonwealth gold medalist, Mary Onyali, and current world number one para-badminton player, Eniola Bolaji.
Nigeria’s Abuja 2030 bid is presented as an opportunity to shape the next century of the Commonwealth through humanity, equality, and shared destiny, ensuring that Africa’s youth are an important part of the future.
President Bola Tinubu on Wednesday conferred national honours of the Commander of the Order of the Niger posthumously on four late Ogoni leaders.
They are Albert Badey, Edward Kobani, Theophilus Orage, and Samuel Orage, popularly remembered as the Ogoni Four.
Tinubu announced the conferment when he received the report of the Ogoni Consultations Committee at the State House, Abuja, on Wednesday.
He urged the people of Ogoniland to embrace reconciliation and unity after decades of division.
“May their memories continue to inspire unity, courage and purpose among us.
“I urge the Ogoni people across classes, communities and generations to close ranks, put this dark chapter behind us and move forward as a united community with one voice,” Tinubu said.
Wednesday’s meeting comes 16 months after the President, in May 2024, promised to “pursue diligently and honourably” the Ogoni cleanup and increase the number of its indigenes benefitting from its empowerment programmes.
Tinubu also pledged his commitment to unlocking the human and natural resource potential of Ogoniland while ensuring the environmental and economic security of Nigerian communities.
At the meeting, the President assured stakeholders that his administration would support the journey of Ogoniland towards peace, environmental remediation, and economic revival, while also facilitating the return of oil exploration to the area.
He stated, “I am encouraged by the overwhelming consensus of the Ogoni communities to welcome the resumption of oil production.
“The government will deploy every resource to support your people in this march towards shared prosperity.”
Tinubu cited developments in 2022 when the Buhari administration transferred the operations of the Ogoni oil field to the Nigerian National Petroleum Company Limited and its joint venture partners.
He argued that his government would honour and build on Buhari’s decision.
In his closing remarks, Tinubu called on the people to seize the moment, saying, “Let us together turn pain into purpose, conflict into cooperation, and transform the wealth beneath Ogoni soil into a blessing for the people and for Nigeria.”
Consequently, he directed the National Security Adviser, Nuhu Ribadu, to commence engagement between the Ogoni people, NNPCL, its partners, and all relevant stakeholders to finalise modalities for restarting operations.
“A dead asset is not valuable to the community, the country or the people.
“The longer we procrastinate, the worse it is for everyone,” the President said.
He also directed the Minister of Environment to integrate pollution remediation and environmental recovery into the broader framework of dialogue with the people.
The National Security Adviser, Nuhu Ribadu, who presented the report, said the consultations included all four Ogoni zones, with input from local communities, traditional leaders, and the diaspora.
Ribadu said, “In all aspects of our national life, Ogoni is one, thirty-something years of very unfortunate history rewrite the wrong now,
“To us was instruction, then we carry out this dialogue, community engagement, talking with the people and getting to understand how to move forward. It has succeeded like what you have seen today.
“He gave directives to all government agencies and institutions and also directly to our office that we must implement everything that have been agreed and we have taken it.”
Ribadu affirmed that his office, alongside all relevant agencies, is committed to restoring peace in Ogoniland.
“We will make sure that we follow his own directives and his instructions.
“We are going to make sure that peace is restored already, it is, and hopefully you will see the benefit of it not just in Ogoni land but the entire Niger Delta and by extension Nigeria,” he said.
Meanwhile, Chairman of the Dialogue Committee, Prof. Don Baridam, noted that the committee ensured all stakeholders were carried along in the process, noting that the report reflects the collective will of the Ogoni people.
Baridam said the report captured the people’s demands for structured participation in oil production, renewed environmental cleanup, and a framework for sustainable development.
Oil was first commercially discovered in Oloibiri, Ogoniland, in 1958. However, exploration stopped in 1993 following sustained protests against environmental degradation and injustice.
The Ogoni Four refers to four traditional chiefs from the Ogoni community in Rivers State who were murdered on May 21, 1994, in the village of Giokoo.
The killings took place against the backdrop of the Movement for the Survival of the Ogoni People campaign, led by writer and activist Ken Saro-Wiwa, which had been mobilising the Ogoni against oil companies, particularly Shell, and the Nigerian state.
The subsequent struggles of Ogoni leaders to protect their environment from harmful oil exploration were met with severe repression, culminating in the hanging of Ken Saro-Wiwa and nine other leaders by the Abacha regime in 1995.
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Tinubu Holds Closed-door Meeting with Rivers Ex-administrator Ibas, EFCC Chair, Fin Minister
President Bola Tinubu, on Wednesday evening, summoned the immediate past Sole Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (rtd.), to the Presidential Villa, Abuja.
Ibas, who arrived at the State House at about 5:50 pm dressed in brown native attire, was accompanied to the meeting by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede.
Earlier, Edun had been sighted entering the villa briefly before leaving, only to return later carrying a file, underscoring the gravity of the engagement with the President.
Vice Admiral Ibas ceased to function as administrator of the oil-rich State on September 17, following the termination of the six-month emergency rule imposed in March.
President Tinubu had directed the reinstatement of the suspended governor, Siminalayi Fubara, his deputy, and members of the Rivers State House of Assembly from the previous Thursday.
During its first sitting after the end of emergency rule, the Rivers State House of Assembly, presided over by Speaker Martin Amaewhule, resolved to investigate the management of State funds under Ibas’ tenure.
Lawmakers specifically resolved “to explore the process of knowing what transpired during the emergency rule about spending from the consolidated revenue fund for the award of contracts and other expenditures.”
Ibas, however, has publicly rejected the decision to probe the State’s expenditure during his six months in office.
Official records show that Rivers State received at least N254.37 billion from the Federation Account Allocation Committee (FAAC) between March and August 2025, covering the period Ibas served as sole administrator.
Details of the closed-door meeting were yet to be made public as of press time.
