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Economy

Enugu Government Vows To Reach, Surpass ₦600bn IGR Target For 2025

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Peter Mbah

Enugu Government Vows To Reach, Surpass ₦600bn IGR Target For 2025

Enugu government vows to reach, surpass ₦600bn IGR target for 2025. The governor noted that his administration’s development strategy ensured inclusive growth.

Mr Mbah gave the assurance on Saturday in Enugu during his investiture as president of the Enugu Sports Club.

Mr Mbah inaugurated the newly remodelled clubhouse, as well as the installation of new club patrons by the Chairman of Enugu Sports Club, Nnanna Atuonwu. Mr Mbah recalled that when his administration set a goal to grow Enugu’s economy from $4.4 billion to $30 billion, many doubted its feasibility.

“At the time, the trending analysis did not support such a growth level. Achieving this target requires a 27 per cent compounded annual growth rate, and some questioned how it could be realised,” he said.

He emphasised that in spite of the skepticism, his government recognised the need to shift focus away from federal allocations and instead mobilise domestic revenue.

“When we took over, the state’s IGR was about ₦25 billion. This year, our projected IGR is ₦600 billion, and based on the numbers we are seeing, we are not only going to meet this target but surpass it.

“This revenue growth is what enables us to make significant interventions across all sectors, from education to healthcare and beyond,” he stated.

The governor reiterated that his administration’s development strategy ensured inclusive growth, integrating all parts of the state into a unified economic plan.

As part of Enugu State’s preparations to host the 2026 National Sports Festival, Mr Mbah pledged to renovate the Nnamdi Azikiwe Stadium and Awgu Sports Village. “We are going to build a brand-new stadium, which will include facilities for aquatic sports.

“In addition, Awgu Sports Village will be revamped to ensure it is ready for the festival,” he said.

Commending Nnanna Atuonwu and his executive team for remodelling the clubhouse, Mr Mbah highlighted the importance of sports clubs in fostering recreation, social cohesion, and community well-being. He stated, “The true value of a great sports club lies in its ability to reinvent itself across generations and remain relevant in contemporary times.

Enugu Sports Club has done exceedingly well in this regard.” The governor pledged to asphalt its entrance road and address other pressing needs of the club.

Earlier, Mr Atuonwu noted that Enugu Sports Club had faced challenges in infrastructure and environmental vibrancy compared to its peers across the country.
He, however, commended Mr Mbah, whose support ensured the main clubhouse was successfully remodelled.

“Before the renovation, the main hall was in a state of disrepair, with a leaky roof, rotten wood, and corroded iron structures. When we turned to the governor for assistance, he did not hesitate. Beyond financial and logistical support, he laid a solid foundation for the club’s long-term financial independence and sustainability.

“This is why I am advocating for the establishment of a trust fund to ensure the club’s continued growth,” Mr Atuonwu said.

Enugu Government

Enugu Government

During the event, new patrons of the club were installed and included Edna Erinne, Kingsley Eze, David Ogbodo, and Festus Onu.
Mr Atuonwu, whose tenure as chairman had ended, also announced that Ifeanyi Nweke would soon take over as the new chairman.

The chairman of the occasion, Onyemuche Nnamani, praised Mr Atuonwu for the remarkable transformation of the clubhouse since its establishment in 1929.

Mr Nnamani, who also serves as Secretary of the Police Service Commission, also expressed gratitude to the governor for his contributions to the club’s development.

The club trustee, Nnia Nwobodo, suggested the creation of a cinema or film hall within the club to promote education, particularly for the children and families of members.

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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