Economy
President Tinubu Seeks More Collaboration With Traditional Rulers
President Tinubu Seeks More Collaboration With Traditional Rulers
President Tinubu seeks more collaboration with traditional rulers. The traditional ruler said Nigerians looked up to the president for a new direction.
President Bola Tinubu, on Friday said traditional institutions remained integral to the country’s development and called for more support in implementing policies that directly impacted people’s livelihoods.
The president spoke when he received Oba Abimbola Owoade I, the 46th Alaafin of Oyo, his wife, Abiwumi, and a delegation of other traditional rulers from Oyo State at the Presidential Villa, Abuja.
Mr Tinubu congratulated the Alaafin for his ascendancy to the historic throne, assuring the royal father of his prayers and support, Bayo Onanuga, his spokesman, said in a statement.
“It is a great joy for me and a great honour. Your ascendancy to the throne of your fathers is historic. It is the will of God and the heart of the people.
“I am following up on your foresight for development, your humility, and the fact that you uphold the traditions of your people.
“The inherited tradition is the making of the Almighty God. Your ascendancy to the throne – like my becoming a president is the divine will of the Almighty God,” he said.
The president noted that the “hurdles, processes, and anxiety” along the way were part of the preparation for the position.
Mr Tinubu commended the traditional council for the ease in nominating and crowning the 46th Alaafin, following Oba Lamidi Adeyemi’s death on April 22, 2022.
“I am happy that you have shown character and discipline and uplifted your people’s name, values and culture, even when you were in Canada.
“I am glad you have become a hope of sustaining the Yoruba race,” he added.
The president said his administration would continue working with traditional institutions to implement policies to protect and prosper citizens.
“The peace and stability of our nation requires inclusiveness. This job is not one you can do alone. We have to pull ourselves together to build a nation of prosperity.
“Our priority is still education and Medicare. We want to uplift education and cultural values. Our door is open for participation,” he stated.
The president told the king that the sons of the Oyo kingdom serving in his office had done exceptionally well, including Amb. Victor Adeleke, State Chief of Protocol, and Col. Nurudeen Alowonle Yusuf, the Aide-de-Camp.
Mr Yusuf is the king designate of Ilemonaland in Oyun local council, Kwara, which traces its ancestry to the Oyo kingdom.
In his remarks, the Alaafin assured the President of the traditional council’s support in delivering his mandate to the people.
“Today, I speak not just as the custodian of culture and tradition but as a voice for my people, who are deeply honoured by the audience you have granted us here at the heart of the national leadership.
“Your gracious reception is more than protocol. It is a mark of your character, statesmanship and enduring regard for the traditional institutions.
“The people of Oyo remember your journey as a man who rose through the crucible of political struggle with unmatched courage and charity. You won many hearts as an activist, strategist, bridge builder and now as the nation’s foremost leader,” he said.
President Tinubu Seeks More Collaboration With Traditional Rulers
The traditional ruler said Nigerians looked up to the president for a new direction. “Nigeria looks up to you, not only for leadership but for restoration. For a new vision rooted in justice, equity and inclusive progress.
“It is in that spirit that I have come to seek your collaboration. Oyo is ready, Yoruba are ready, and Nigerians are ready,” he added.
The king commended the president for bold economic reforms, infrastructural development, instituting social welfare, youth empowerment, and improvement in security and investments in agriculture.
“We understand that national transformation is not by government alone. It is built when ancient wisdom meets modern governance. When institutions, old and new, work hand-in-hand,” he said.
Eid-el-Fitr: NRC Sets To Run Three Lagos–Ibadan Train Trips Monday
Eid-el-Fitr: NRC sets to run three Lagos–Ibadan train trips Monday. He assured passengers of NRC’s continued commitment to safe, reliable, and efficient rail services.
This was contained in a statement issued on Friday in Lagos by NRC chief public relations officer, Callistus Unyimadu.
He said the additional trip was in response to high passenger turnout during the Eid-el-Fitr travel period.
“The extra trip is aimed at easing passenger movement and providing more travel options for commuters returning after the Eid-el-Fitr celebrations.
“Under the schedule, departures from Lagos (Mobolaji Johnson Station, Ebute Metta) will be at 7.45 a.m., 1.40 p.m., and 4.00 p.m.
“From Ibadan (Obafemi Awolowo Station, Moniya), trains will depart at 8.00 a.m., 10.50 a.m., and 4.30 p.m.,” he said.
Mr Unyimadu assured passengers of NRC’s continued commitment to safe, reliable, and efficient rail services.
NRC Sets To Run Three Lagos–Ibadan Train Trips Monday
He advised travellers to arrive early, comply with ticketing and security procedures, and plan their journeys.
“The corporation appreciates the continued patronage of its services and wishes all passengers a safe and pleasant journey,” he added.
UBA, BII Sign Letter Of Intent To Explore Trade Finance Collaboration Across Africa
United Bank for Africa (UK) Limited (“UBA UK”) and British International Investment plc (“BII”), the UK’s development finance institution and impact investor, announced that they have signed a letter of intent to develop trade finance collaboration opportunities.
The proposed initiative aims to expand access to trade and working capital facilities for businesses operating across Africa.
Access to trade finance remains one of the most significant structural constraints on African trade. Businesses, particularly small and medium-sized enterprises, are frequently unable to secure letters of credit, guarantees, and supply chain finance on commercially viable terms, limiting their capacity to export and import competitively. This trade finance gap is estimated by the African Development Bank to be over USD 80 billion annually.
To help close this gap, UBA UK, the London subsidiary of UBA Group, Africa’s Global Bank, will leverage its deep relationships across the Group’s 20-country African network to originate and structure trade finance transactions. While BII, with a mandate to support productive, sustainable, and inclusive growth across Africa, can support transactions that might otherwise fall outside conventional commercial appetite.
“The signing of this letter with BII represents a landmark moment for UBA UK and for the UBA Group’s global ambitions. As the Group’s hub for Trade Operations, UBA UK is uniquely positioned to connect African businesses with the international financial system. Working alongside BII, we can extend that capability further — mobilising capital where it matters most and helping to close the trade finance gap that holds back so much African potential,” said Lok Mishra, Chief Executive Officer, UBA UK
“British International Investment is committed to catalysing private sector growth across Africa, and trade finance is a critical enabler of that growth. We welcome the opportunity to collaborate with UBA Group, whose pan-African network and deep institutional relationships can help advance our ambition to expand access to trade and working capital finance, particularly in frontier markets,” Chris Chijiuitomi, Managing Director and Head of Africa
The announcement builds on growing momentum around intra-African trade facilitated by the African Continental Free Trade Area (AfCFTA), which entered into force in 2021 and represents one of the world’s most significant trade integration initiatives. Both institutions have identified the operationalisation of AfCFTA as a priority catalyst for a trade finance facility, with UBA UK’s network across major AfCFTA economies offering a basis for supporting businesses navigating the emerging continental market.
This also complements the UK Government’s broader engagement with African economic development, including commitments made at the UK-Africa Investment Summit, and reinforces the City of London’s role as a leading international finance centre for Africa-focused capital mobilisation.
Future cooperation remains subject to further assessment, due diligence and the completion of internal approvals by both parties.
ABOUT UNITED BANK FOR AFRICA (UK) LIMITED
UBA UK is the London-based subsidiary of United Bank for Africa Plc, one of Africa’s leading financial institutions with operations across 20 African countries, the United Kingdom, the United States of America, France, and the United Arab Emirates. UBA UK serves as the Group’s hub for Trade Operations, providing a comprehensive suite of trade finance, treasury, and correspondent banking services to institutional and corporate clients worldwide.
UBA
ABOUT UNITED BANK FOR AFRICA GROUP
United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 45 million customers globally. Operating in twenty African countries, the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting-edge technology.
ABOUT BRITISH INTERNATIONAL INVESTMENT
British International Investment is the UK’s development finance institution and impact investor. The organisation invests in businesses in developing countries to improve people’s lives and help protect the planet. BII’s work targets the underlying causes of poverty and the climate crisis, helping countries break free from aid dependency for good.
Between 2022-2026, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which has raised over $33.6 billion to empower women’s economic development.
The company has investments in over 1,600 businesses across 66 countries and total net assets of £9.87 billion. For more information, visit: www.bii.co.uk | watch here. Follow British International Investment on LinkedIn, Bluesky and X.
Eid-el-Fitr: President Tinubu Felicitates Muslims, Urges Renewed Unity, Patriotism
Eid-el-Fitr: President Tinubu felicitates Muslims, urges renewed unity, patriotism. Mr Tinubu called on Muslims to reflect on the spiritual lessons of Ramadan.
The president urged them to renew commitment to national unity, peaceful coexistence, and service to humanity as they celebrate the festival across the country on Friday.
This is contained in a statement issued by presidential spokesperson, Bayo Onanuga, on Thursday in Abuja.
Mr Tinubu called on Muslims to reflect on the spiritual lessons of Ramadan, noting that the holy month teaches discipline, sacrifice, compassion, and devotion to God and humanity.
He said: “We have a lot to draw from the noble lessons of Ramadan, especially at a time like this.
“We must continue to abide by the virtues of piety, selflessness, perseverance, kindness and compassion beyond this period.”
The president emphasised the need for Nigerians to remain united across religious and ethnic lines, stressing that national cohesion remains vital for sustainable peace and development.
He urged Muslims to extend acts of kindness and charity to the less privileged, irrespective of religious or ethnic background, in line with the enduring values of Islam.
Mr Tinubu noted that such gestures would strengthen social bonds, promote inclusiveness, and reinforce the spirit of brotherhood that defines the Nigerian society.
The president also called on religious leaders to use the occasion to offer prayers for peace, stability, and economic prosperity across the country.
Tinubu
He expressed optimism that with collective efforts, Nigeria would overcome its challenges and achieve lasting progress for the benefit of all citizens.
Mr Tinubu wished Muslims a joyous celebration, praying that the blessings of Ramadan would bring renewed hope, strength, and guidance to individuals, families, and the nation.
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