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World Bank Strengthen Support For Tinubu’s Reforms

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World Bank Strengthen Support For Tinubu’s Reforms

World Bank strengthen support for Tinubu’s reforms. The World Bank has reaffirmed its support for President Bola Tinubu’s economic reform agenda and development priorities.

In a statement on Friday, Mohammed Manga, director of information and public relations at the ministry of finance, said a World Bank delegation visited Wale Edun, the minister of finance, to reiterate their support.

The delegation was led by Ousmane Diagana, vice-president for western and central Africa.

According to the director, Diagana praised Nigeria’s recent gross domestic product (GDP) growth of 3.4 percent — the strongest since 2014 — and commended the government’s progress in stabilising the economy and improving portfolio performance.

“He stressed the need to maintain reform momentum to achieve inclusive, job-creating growth and highlighted Nigeria’s position as the World Bank’s largest portfolio in Africa, with commitments totalling around $17 billion,” Manga said.

“He also welcomed Nigeria’s leadership on the Mission 300 initiative — a pan-African drive to expand energy access to 300 million people — and urged faster implementation of social protection measures, particularly targeted cash transfers.

“With the World Bank’s continued support and commitment to Nigeria’s economic reforms, the country is poised to achieve significant milestones in its development journey.

“The federal government’s focus on inclusive growth, job creation, and social protection measures will undoubtedly improve the lives of Nigerians, particularly the most vulnerable.”

The director said Edun, on his part, reaffirmed the federal government’s commitment to implementing the various economic reforms of the Tinubu-led administration that are aimed at improving the lives of Nigerians.

“The minister reiterated the government’s focus on three key areas: improving project delivery speed, scaling up biometric verification for 15 million individuals on the national social register, and accelerating the implementation of the Mission 300 initiative,” he said.

World Bank Strengthen Support

World Bank Strengthen Support

“He announced the establishment of a Compact Delivery and Monitoring Unit and requested a status update to ensure the nation stays on track to set new records in project approval and execution.”

Manga added that key areas of collaboration include increased agricultural productivity, improved access to finance for small and medium-sized enterprises (SMEs), enhanced digital transformation, and broader financial inclusion.

In October 2024, the World Bank warned that reversing the reforms by Tinubu’s administration will spell doom for Nigeria.

The bank explained that Nigeria must maintain its current reforms for the next 10 to 15 years to transform its economy.

Economy

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

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Lagos Assembly

Lagos Assembly Strongly Seeks Suspension Of Makoko Demolition

Lagos assembly strongly seeks suspension of Makoko demolition. The Lagos state house of assembly has called for the suspension of demolition activities in Makoko, Oko-Agbon and Shogunro waterfront communities following protests by displaced residents and growing public concern over the exercise.

The call was announced on Tuesday by Noheem Adams, chairman of an ad hoc committee set up by Mudashiru Obasa, speaker of the house, during a stakeholders’ meeting held at the Lateef Jakande auditorium.

Adams called on all state ministries to cease demolition work and promised compensation to the affected residents.
“On behalf of the speaker and all 40 members of the house, we are directing that all demolitions in Makoko, Oko-Agbon, and Shogunro communities should stop from today until further notice,” New Telegraph quoted Adams as saying.

He called for transparency by demanding the full list of taskforce members and the criteria used for engagement, insisting that residents must be actively involved in the process.

“That the taskforce that was constituted, we want to see the list of the taskforce because we want the residents to be duly involved and to be carried along. So we want to have the schedule of those task forces and the criteria for those that we are inviting,” Adams added.

Lagos Assembly

Lagos Assembly

“To the residents of Makoko, Oko-Agbon and Shogunro communities, as your representatives, we are giving you all assurances that they will stop demolitions henceforth and there will be compensations for all those whose properties have been demolished.”

Stephen Ogundipe, member of the ad-hoc, said there is need for clear communication, adding that residents targeted for relocation or redevelopment must be informed of the government’s plans in advance.

Babatunde Olajide, special adviser to governor of Lagos on E-GIS and urban renewal, confirmed that $2 million had been earmarked since 2021 to transform Makoko into a modern, internationally compliant water city.

He said enumeration of affected properties is underway and reiterated the administration’s commitment to handling the situation with a human face, prioritizing resident safety and fair compensation.

Yusuf Sagra, baale of Makoko, described the assembly’s decision as a “word of peace,” while Orioye Ogungbure, another leader of the community, praised the “democratic responsiveness” of the government.

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Crime

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

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EFCC Probes Man

EFCC Arrests Kannywood Star, Samha Inuwa for Alleged Naira Mutilation In Viral Video

EFCC arrests Kannywood Star, Samha Inuwa for alleged naira mutilation in viral video. The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC,   on Tuesday, February 3, 2026  arrested a Kannywood Star, Samha Inuwa over alleged Naira mutilation.

Inuwa was arrested following a viral video circulated on social media platforms where she was seen conspicuously cleaning mucus from her nose using Naira notes.

EFCC Probes Man

EFCC

Following the release of the viral video, the Commission swung into action by tracing and subsequently arrested her to answer questions.
She is currently being held at the Commission’s detention facility while investigation is ongoing.

The suspect will be charged to court upon conclusion of investigations.

Dele Oyewale
Head,  Media & Publicity
February 3, 2026

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Economy

Access Bank Gets New Board Chair Ifeyinwa Osime

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National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Access Bank gets new board chair Ifeyinwa Osime. Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29.

Access Bank Plc has appointed Ifeyinwa Osime as chair of the board of directors, following the retirement of Paul Usoro, on January 29, according to a statement to the Nigerian Exchange Ltd. on Monday.

Ms Osime, a legal practitioner, joined Access Bank’s board in November 2019 as an independent non-executive director and had chaired its Human Resources and Sustainability Committee and the Governance, Nomination, and Remuneration Committee. This role made her contribute significantly to the bank’s corporate governance, leadership development, and sustainability initiatives.

Additionally, Ms Osime is a director at Ebudo Trust Ltd. and a partner at McPherson Legal Practitioners, where she advises on corporate and commercial matters and contributes to strategic leadership.

She is also a member of the Nigerian Bar Association, the Women Corporate Directors, Nigeria Chapter, and the Chartered Institute of Directors, Nigeria, where she serves on the Executive Committee of the Women Sectoral Group.

National Bank Of Kenya

Access Bank Gets New Board Chair Ifeyinwa Osime

Beyond her professional responsibilities, Ms Osime is committed to mentoring youths and is actively involved in the Autism and Developmental Delays Support Community, reflecting her dedication to inclusion and social impact.
Speaking on her appointment, the group chairman, Aigboje Aig-lmoukhuede, said, “Mrs Osime is a principled and experienced leader with a deep understanding of the Bank’s strategy and values.

“She has demonstrated strong commitment to the bank’s vision and mission, and I am confident that, under her leadership, the bank will continue to advance its strategic objectives of delivering sustainable value to shareholders and other stakeholders in the pursuit of its vision to become the world’s most respected African bank.”

Mr Aig-lmoukhuede also congratulated Mr Usoro on the completion of his tenure and on his exemplary leadership, dedication, and significant contributions to the group, saying he remains a valued member of the Access family.

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