Lagos APC screens 27 aspirants for local government congress

The All Progressives Congress in Lagos State has concluded the screening of 27 aspirants from each of the state’s 20 local government areas ahead of its local government congress scheduled for Saturday, February 21.

The screening exercise was conducted at the party’s state secretariat in Ogba under the supervision of members of the Local Government Area Ward Congress Committee.

Speaking after the exercise, the committee chairman, Barrister Mungji B. Salama, described the process as orderly and hitch-free, noting that no aspirant was disqualified. He explained that consensus arrangements would be honoured where stakeholders reached agreement, adding that such outcomes would only require formal ratification.

“There is consensus if people agree. They will only need to ratify it,” Salama said, stressing that the full outcome of the screening would be known when the results are officially displayed.

He added that only aspirants who successfully passed the screening would be eligible to participate in the congress, urging those who did not make the final list to remain loyal to the party.

“For those that didn’t qualify, there is always another time. Let us do it without any rancour,” he appealed.

Salama also commended the Lagos APC leadership for creating an enabling environment for the exercise, describing the state as a pacesetter in party organisation and adherence to guidelines.

In his remarks, the Lagos APC Chairman, Hon. Cornelius Ojelabi, said the screening marked the final phase of preparations for the LGA congress. According to him, the party remains committed to transparency and internal democracy.

“We started the process of the screening, and tomorrow we are rounding off in preparation for the local government congress,” Ojelabi said.

He noted that the APC distinguishes itself by consistently inviting the Independent National Electoral Commission, INEC, and members of the media to observe its congresses, emphasizing its commitment to openness and accountability.

Ojelabi also emphasised the importance of strict compliance with the Electoral Act, particularly for officials who will oversee party affairs at the local government level.

“The content of the Electoral Act is very critical, so those who are going to be in charge at the LGA must be properly briefed,” he said.

Congratulating the aspirants ahead of the congress, the party chairman described election into party offices as a call to service rather than personal advancement.

He urged those seeking leadership positions to honestly assess their capacity to serve the party and strengthen its grassroots structures.

‘APC not party of saints’ – Keyamo

Minister of Aviation and Aerospace Development, Festus Keyamo has said the All Progressives Congress, APC, is not a party of saints.

Keyamo said only a fool would declare the APC or any political party as one of the saints.

Posting on X, the minister, however, noted that the APC still remains the best hope for Nigerians.

He wrote: “This is the unedited part of the interview I granted a blog in 2017 (nine years ago) emphasising that APC may not be a Party of saints (which, I repeat, is a matter of fact), BUT it is still far better than where we were coming from. Some characters edited the last part of my statement out of it.

“And today, I repeat it again, I will be a fool to say APC is a Party of saints. And anyone who declares any party to which he/she belongs as a Party of saints will also be a fool.

“But, on the balance, the APC still holds the best hope for the country and we cannot return to the era of PDP where you had some of the characters who are running for President today.

“It was only Mr. President, Asiwaju Bola Ahmed Tinubu @officialABAT that never hopped onto that battered train of PDP at that time.”

Insecurity: Kogi schools resume Monday

Kogi State Government has said that schools across the state that were shut down over insecurity threat will resume on Monday, February 23, 2026.

The State Ministry of Education made this announcement in a statement on Friday in Lokoja, the state capital.

DAILY POST reports that the Kogi State government, on February 3, closed down public and private schools indefinitely across the state, citing preventive measures against insecurity.

However, in a statement signed by the ministry’s Director of Basic and Secondary Education, Mr Matthew Salami, the government ordered school heads and the general public to note the resumption date.

Salami said all school activities would continue as usual, and that both day and boarding house students were expected to resume on the specified date.

“The announcement applies to all schools in the state, and the ministry appreciated the cooperation of students, parents, and staff during the break. Further information will be communicated later,” Salami stated.

Customs hands over 159,000 litres of seized fuel to NMDPRA

The Nigerian Customs Service, NCS, has handed over three fuel tankers containing no fewer than 159,000 litres of petrol to the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, for further action.

Deputy Comptroller, Abubakar Aliyu, National Co-ordinator of Operation Whirlwind, NCS, performed the handover on Friday in Lagos.

He described the seizure as a major breakthrough in the fight against fuel smuggling.

He said the tankers were intercepted along notorious smuggling corridors, including Aso-Odo, Seme, Owode-Apa and Badagry.

“Customs is handing over the seized fuel tankers with registration numbers T21019LA, T9827LA and T3546LA containing over 159,000 litres for appropriate sanctions,” he said.

He added that 1,630 jerry-cans of petrol intercepted during the operation would be auctioned to the public to ensure transparency and accountability.

“The total Duty Paid Value of the 1,630 jerry-cans of PMS is about N40.75 million.

“The interception was intelligence-driven and reflects our uncompromising resolve to safeguard Nigeria’s economic and energy security,” he said.

Aliyu stressed that Operation Whirlwind targets economic sabotage and illegitimate trade, insisting that strict compliance with petroleum regulations is non-negotiable.

He noted that petroleum transportation is governed by clear regulatory frameworks and Standard Operating Procedures designed to prevent diversion and smuggling.

According to him, such illegal activities undermine government policy, distort market stability and deprive the nation of critical revenue.

He described Owode-Apa, Seme and Badagry border corridors as sensitive economic arteries historically exploited for cross-border petroleum smuggling.

“Under my watch, smuggling will no longer be safe for economic saboteurs,” Aliyu warned.

He said the handover reflected strong inter-agency collaboration in line with established operational frameworks.

Aliyu commended the Comptroller-General of Customs, Bashir Adeniyi, for his leadership and support for anti-smuggling operations.

He urged Nigerians to support enforcement agencies, saying national development thrives when citizens and authorities work together.

In her remarks, Mrs Grace Dauda of the NMDPRA reaffirmed the agency’s mandate to ensure petroleum products meant for domestic use are not diverted abroad.

“It is unfortunate that some businessmen attempt to smuggle petroleum products out of the country,” she said.

Dauda urged the public to collaborate with government agencies to end economic sabotage.

Osun NAWOJ urges passage of Special Seats Bill in NASS

The Nigeria Association of Women Journalists, NAWOJ, Osun State chapter, has urged stakeholders across the country to support the immediate passage of the Special Seats Bill (HB1349) currently before the National Assembly.

The call follows the Nigeria Women Solidarity March held at the National Assembly, Abuja, where NAWOJ members joined other women’s advocacy groups to press for legislative measures aimed at improving women’s representation in governance.

In a statement jointly signed by the Osun NAWOJ Chairperson, Abisola Ariwodola, and the Secretary, Oluwaranti Ojewumi, the association said Nigeria’s democracy could not be described as fully representative while women remained underrepresented in elective and appointive offices.

The statement noted that women constitute nearly half of the country’s population but continue to face barriers that limit their political participation and access to leadership roles.

“Over the years, despite proven competence and leadership capacity across sectors, women have continued to face structural, cultural, and institutional barriers that restrict their political participation,” the association stated.

NAWOJ explained that the Special Seats Bill (HB1349) seeks to introduce a constitutional provision creating additional legislative seats exclusively for women in the National Assembly and State Houses of Assembly.

According to the association, the proposed measure is intended as a corrective mechanism to address historical exclusion rather than as a privilege.

“Women’s representation is not merely symbolic, it is also transformative,” the statement read.

The body added that inclusive governance contributes to broader social protection frameworks, improved education and healthcare systems, and stronger community development initiatives.

“For decades, women have been marginalised within political party structures, electoral processes and governance. The Special Seats Bill provides a practical pathway to bridge the representation gap and institutionalise gender inclusion,” NAWOJ stated.

The association said that expanding access to political office for women would reinforce democratic values of fairness, equity and equal opportunity.

It called on members of the National Assembly representing Osun State to vote in favour of the bill and urged the Osun State House of Assembly to domesticate it when passed, describing women’s political inclusion as a national development issue.

NAWOJ reaffirmed its commitment to advocating for the passage of the Special Seats Bill (HB1349).

“We urge all stakeholders to act with urgency, seriousness and patriotism,” the statement concluded.

Executive Order: PENGASSAN gives Tinubu conditions

The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has given President Bola Tinubu conditions over the recent Executive Order, EO9, for remittance of oil and gas revenue to the Federation Account.

Speaking during an interview on Arise Television on Friday, the president of PENGASSAN, Festus Osifo, asked Tinubu to take back the Executive Order, set up a team, look at the PIA and identify where there are pros and cons.

DAILY POST reports that Tinubu signed an Executive Order, EO, to safeguard and enhance oil and gas revenues for the Federation.

The Executive Order also aims at curbing wasteful spending, eliminate duplicative structures in the critical sector of the national economy, and redirect resources for the benefit of the Nigerian people.

Meanwhile, PENGASSAN had called for continued stakeholder engagement following the Executive Order restructuring oil and gas revenue remittances.

Speaking during the interview, Osifo said, “You can review the law of the land. There’s no law that is perfect.

“We have heard in the last one year that the president was about to send an Executive Bill to the National Assembly to amend the PIA.
“That should be the direction. You don’t put the car before the horse. What the president should do is that take back the Executive Order, set up a team, look at the PIA, where there are pros and cons.

“And since you could amend the PIA, you take to the National Assembly and all the stakeholders will come there and make their inputs. That is how laws are refined. That is exactly what we want the president to do.

“The 2% that will be deducted from the NNPC by the President’s Executive Order is what the NNPC uses to say salaries.

“We all know that when revenue dries up in an organization, the first casualty is the workforce. The workers in NNPC today are an endangered species.”

FAAN workers protest compulsory NHIS enrolment directive

FAANEmployees of the Federal Airports Authority of Nigeria have raised concerns and expressed dissatisfaction following management’s decision to make enrolment in the National Health Insurance Scheme compulsory for all members of staff.

The workers said participation in the scheme had historically been optional, noting that the sudden shift to mandatory enrolment sparked anxiety among employees who believed adequate consultation and sensitisation were not conducted before the directive was issued.

The development followed an internal memo obtained by our correspondent, dated February 17, 2026, with reference number FAAN/HQ/DHR&A/2026/Vol. 1.25, and signed by the Director of Human Resources and Administration and Chairman of the FAAN NHIS-HMO Committee, Dr Emiola Olatunbosun.

Titled “Reminder: Link for Registration for Choice of Health Maintenance Organisation”, the memo directed all staff to select their preferred Health Maintenance Organisation from three approved providers, namely AXA Mansard, Leadway Health, and AVON HMO.

According to the memo, the directive aligns with a Federal Government policy mandating wider participation in the national health insurance programme, now administered by the National Health Insurance Authority.

Management further stated that possession of a valid National Identification Number is compulsory as part of the documentation required for onboarding.

The memo read partly, “All staff are hereby reminded that having a valid National Identification Number is mandatory and forms part of the required documentation for onboarding under the NHIS scheme. Staff are therefore advised to ensure that their NIN is readily available.”

It added that the commencement date for staff onboarding by the NHIA would be communicated in due course.

Despite the directive, several employees have called for greater transparency, urging management to clearly explain the financial implications, healthcare coverage, and long-term benefits of compulsory enrolment.

One employee, who spoke on condition of anonymity due to the lack of authorisation to speak on the matter, said many workers remain uncertain about what the scheme offers.

“Most FAAN staff are not part of the NHIS for various reasons. First, we don’t know how much medication each staff member, including their spouse and four children, is entitled to in a year.

“In terms of drugs, what are the quality and quantity a staff member is entitled to receive? What happens to a staff member who does not activate their plan within a year?”

The worker added that employees nearing retirement are particularly worried about losing the flexibility previously associated with voluntary participation.

“Some of us have just a few years left in service. I think enlistment in the NHIS should remain optional so that those who do not activate theirs can receive something at the end of the year,” the employee stated.

Another worker, who also insisted on not giving his name for fear of victimisation, questioned why the scheme is being mandated, appealing to management to make it optional.

“They are the ones that make us suspect them. Why mandate it? It is not today that NHIS came into existence. Making this optional will not violate any law. At least we have been treating ourselves before now.”

A number of other staff members also raised concerns over the development, appealing to the government to make the scheme optional.

They also urged FAAN management to organise a comprehensive enlightenment and sensitisation programme to address lingering questions and build confidence before full implementation of the policy.

Efforts to speak with the spokesperson for FAAN, Henry Agbebire, were unsuccessful as of press time, as calls and text messages sent to him were not responded to.

W’Bank to approve $500m Nigeria loan March

World-Bank

The World Bank is set to approve a fresh $500m loan to Nigeria next month to boost agricultural productivity, strengthen value chains, and create jobs across participating states.

Details of the planned facility are contained in the World Bank’s Project Information Document on the Nigeria Sustainable Agricultural Value-Chains for Growth, which Saturday PUNCH obtained from the bank’s website on Friday.

According to the document, the project has an estimated approval date of March 30, 2026. The document states that the project has a “Total Operation Cost” of $500m and “Total Financing” of $500m.

It further clarifies that the entire financing will be provided by the International Development Association, with “IDA Credit” amounting to $500m. According to the World Bank, the borrower is the “Federal Republic of Nigeria,” while the implementing agencies are the “Federal Ministry of Agriculture and Food Security and Participating States.”

The proposed development objective of the project is “to increase smallholder productivity and strengthen targeted agricultural value chains in participating states of Nigeria.”

Saturday PUNCH observed that the review process has progressed beyond the appraisal stage to the decision-making stage. Under the decision section of the document, the bank noted that “The review did authorise the team to appraise and negotiate,” signalling that the project has cleared a key internal hurdle ahead of final approval.

The World Bank highlighted Nigeria’s structural challenges, noting that “Creating more and better jobs while addressing food and nutrition insecurity remain some of Nigeria’s key development challenges.”

It added that agriculture remains the largest employer, with “roughly one-third of Nigeria’s working population relying on the sector for their livelihood,” while primary agriculture employs “about 21 million people.”

Despite its vast potential, the sector faces deep constraints. The Bank observed that Nigeria currently imports “approximately $10bn worth of food annually.”

The new project, also known as AGROW, will adopt what the Bank describes as “a private sector-led, public sector-facilitated approach to enhance smallholder farmer productivity, systematically integrate them into structured output markets, and promote value addition.”

According to the document, the initiative aligns with the Federal Government’s Renewed Hope Agenda and seeks to leverage agriculture as a driver of rural employment and income growth.

It is also positioned to mobilise private capital, as the document indicates that the operation is both “MFD-Enabling” and “Private Capital Enabling.”

Structurally, the $500m facility will be deployed across four major components. These include integrating smallholder farmers into competitive value chains, modernising smallholder production, strengthening policy and the enabling environment for private investment in inputs markets, and project coordination and monitoring.

Under the value chain integration component, the project will support aggregation models that connect smallholders with off-takers and agribusinesses, aiming to reduce transaction costs and improve supply reliability.

On the production side, the project will invest in research, extension systems, improved seeds, and digital agriculture platforms to raise yields and climate resilience.

The policy component will address systemic constraints in seed and fertiliser markets and promote responsible land-based investments through the Framework for Responsible and Inclusive Land-Intensive Agriculture. If approved as scheduled at the end of March, the $500m IDA credit will add to Nigeria’s growing portfolio of World Bank-loans.

The PUNCH earlier reported that Nigeria’s debt to the World Bank’s concessional lending arm, the International Development Association, surged by $1.9bn in just one year to reach $18.7bn as of December 31, 2025.

According to the IDA Management’s Discussion and Analysis for the period ended December 31, 2025, Nigeria’s exposure to the bank’s loan portfolio rose significantly from $16.8bn at end-2024, marking an 11.3 per cent year-on-year increase.

The latest figures placed Nigeria as the third-largest borrower in the IDA portfolio, behind Bangladesh ($23.0bn) and Pakistan ($19.4bn), among the top ten countries with the highest exposures.

The sharp rise shows growing reliance on multilateral concessional financing as the Federal Government navigates tightening fiscal space amid global market volatility.

As of June 30, 2025, Nigeria’s external debt stood at $46.98bn, according to the Debt Management Office. Of this amount, the World Bank Group accounted for $19.39bn—comprising $18.04bn from the International Development Association and $1.35bn from the International Bank for Reconstruction and Development.

This means the World Bank holds 41.3 per cent of the total, reinforcing its outsized role in funding Nigeria’s development programmes.

Nigeria’s public debt rose to N153tn in Sept 2025 – DMO

Debt Management OfficeThe country’s total public debt increased to N153.29tn as of September 30, 2025, reflecting a steady build-up in both domestic and external obligations within three months, data released by the Debt Management Office on Friday has shown.

According to the DMO, total public debt rose from N152.40tn as of June 30, 2025, to N153.29tn at the end of September.

This represents an increase of N893.87bn quarter-on-quarter.

In dollar terms, the country’s debt stock climbed from $99.66bn in June to $103.94bn in September, indicating a $4.28bn increase within the period.

The dollar-denominated debt stock expanded by 4.29 per cent over the three-month period.

The September data show that total external debt stood at $48.46bn, equivalent to N71.48tn, accounting for 46.63 per cent of the total public debt.

As of June 30, 2025, external debt was $46.98bn, representing 47.14 per cent of the total.

This means external obligations increased by $1.48bn within the quarter.

Domestic debt rose more sharply in dollar terms. It increased from $52.67bn in June to $55.47bn in September, a growth of $2.80bn.

In naira terms, domestic debt stood at N81.82tn in September compared to N80.55tn in June.

Domestic borrowings accounted for 53.37 per cent of total debt in September, slightly higher than 52.86 per cent recorded in June.

The DMO noted that the September external debt figures were converted using the Central Bank of Nigeria’s official exchange rate of N1,474.85 to the dollar.

In contrast, the June figures were converted at N1,529.2105 to the dollar. The stronger exchange rate in September partly offset the naira value of external debt.

A further breakdown of the September external debt stock shows that multilateral creditors remain Nigeria’s largest lenders.

Loans from the World Bank Group and the African Development Bank Group, alongside other multilateral institutions, amounted to $23.41bn, representing 48.31 per cent of total external debt.

Under the multilateral category, the International Development Association accounted for $18.18bn, while the International Bank for Reconstruction and Development stood at $1.36bn.

The African Development Bank was owed $2.15bn, the African Development Fund $1.02bn, and other institutions, such as the Islamic Development Bank and the International Fund for Agricultural Development made up the balance.

Bilateral debt totalled $6.29bn or 12.97 per cent of external debt. China’s Exim Bank accounted for $4.82bn, while France, Japan, India and Germany were also listed among creditors. Loans from the China Development Bank stood at $423.51m.

Commercial borrowings remained significant. Eurobonds accounted for $17.32bn, representing 35.74 per cent of the external debt stock.

Syndicated project loans and a facility from Deutsche Bank brought the commercial sub-total to $1.45bn in addition to Eurobonds.

On the domestic front, Federal Government instruments dominated the debt profile. As of September 30, 2025, FGN Bonds amounted to N61.99tn, accounting for 79.67 per cent of the Federal Government’s domestic debt stock.

Of this, N60.64tn were naira bonds, while N1.35tn represented US dollar bonds converted to naira.

Nigerian Treasury Bills stood at N12.68tn, representing 16.30 per cent of domestic debt. FGN Sukuk accounted for N1.29tn, while FGN Savings Bonds and Green Bonds stood at N97.46bn and N62.36bn, respectively.

Promissory notes totalled N1.69tn, comprising both naira and foreign currency-denominated notes.

The DMO also indicated that domestic debt data for 35 states and the Federal Capital Territory were as of September 30, 2025, while Rivers State’s domestic debt data were as of June 30, 2025.

The figures show that while domestic debt continues to account for a larger share of Nigeria’s public debt stock, external borrowings also rose within the quarter.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, earlier said that Nigeria was deliberately shifting from expensive external borrowing to a growth model anchored on private capital and domestic reforms.

Edun stated this at the opening session of the G-24 Technical Group Meeting in Abuja, where he delivered a keynote address on the global economy and the need for stronger South-South cooperation.

“Nigeria is deliberately shifting away from a model overly reliant on expensive external borrowing toward a more resilient growth framework powered by domestic reforms, private capital, and diversified financing instruments,” Edun said.

He explained that the new approach was in line with evolving global development finance priorities that emphasise innovative financing, blended instruments and expanded concessional windows.

Dangote Refinery Delivers Cleaner Air, Healthier Lives with high quality Fuel – MD

The Managing Director and Chief Executive Officer of Dangote Petroleum Refinery & Petrochemicals, David Bird, has said the refinery is delivering measurable public health and environmental benefits through the production of Euro 5 standard fuels, positioning Nigeria among countries with the highest fuel quality specifications globally.
Speaking during an interaction with selected journalists, Bird explained that modern fuel standards are rooted in public health requirements, particularly the need to reduce harmful emissions linked to high sulphur and metal content.
According to him, the refinery is producing Euro 5 specification petrol with a sulphur content of 50 parts per million, a benchmark designed to protect public health and the environment.
“Fuel specifications have evolved over time in response to public health requirements,” Bird said. “Euro 5 is not about imposing costs on industry. It is about safeguarding health and ensuring cleaner air. The reduction of sulphur in fuels has significantly reduced problems such as acid rain and harmful emissions.”
He noted that while some countries in West Africa still operate under legacy fuel specifications with far higher sulphur levels, Nigeria now benefits from cleaner fuels produced locally. He added that metals such as lead, previously used to enhance fuel performance, have long been eliminated in advanced markets due to health concerns.
 “Nigerians are now enjoying low sulphur, metal free petrol comparable to what is available in Europe,” he stated. “This is something many Europeans take for granted. It should not be considered a luxury. If industry can deliver the highest standards, then consumers have the right to benefit from them. Our ambition is to extend the reach of high-quality fuels across the continent.”
He added that the refinery’s ability to consistently produce cleaner, higher quality fuels underscores its role in transforming Nigeria’s energy landscape while aligning domestic fuel quality with global best practice. Bird emphasised that the development represents not only an industrial milestone but also a significant advancement in environmental protection and public health standards in Nigeria.