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Tinubu Reveals How One-Party System Not Suitable For Nigeria’s Democracy

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President Tinubu Seeks More Collaboration With Traditional Rulers

Tinubu Reveals How One-Party System Not Suitable For Nigeria’s Democracy

Tinubu reveals how one-party system not suitable for Nigeria’s democracy. “A one-party system is not suitable for democracy. We are one party ruling and carrying on with the aspirations of Nigerians,” said Mr Tinubu.

President Bola Tinubu says a one-party system is not suitable for democracy. He attributed the growing support for the All Progressives Congress to his achievements in less than two years in office.

At the APC Renewed Hope Agenda Summit, held at the State House Conference Centre on Thursday, Mr Tinubu addressed party leaders, the National Working Committee, the leadership of the National Assembly, and the Progressive Governors’ Forum, which comprises 22 governors. All collectively endorsed him for a second term, said a statement by Bayo Onanuga, the president’s spokesman.

“A one-party system is not suitable for democracy. We are one party ruling and carrying on with the aspirations of Nigerians. You don’t expect people to remain in a sinking ship without a life jacket.

“I am happy with what we have accomplished and expecting more people to come; that’s the game,” the president explained. Mr Tinubu said citizens had the constitutional right to choose between associations.

“I thank every one of you. I am thoroughly inspired. We are just halfway through the journey that started 24 months ago,” the president stated.

The president thanked members of the Federal Executive Council for courageously pursuing the vision of a better Nigeria. He also thanked the party’s leadership and National Assembly for their support.

“Together, we pledged to confront Nigeria’s challenges head-on by rebuilding the trust, fostering prosperity and restoring our nation’s economic quest.

“Today, I am proud to affirm that our economic reforms are working. Nothing good comes easy in life. All of you have been through life, and sometimes, only hard decisions can make things easy in the future,” he added.

He noted that through “our Renewed Hope Agenda, our administration pledged to tackle economic instability, improve security nationwide, reduce corruption, reform governance, and lift our people out of poverty”.

However, Mr Tinubu stated, “How fast could you have rebuilt this country? If you allow the arbitrage in the exchange rate to continue, that is the grandfather of corruption. You could see the EFCC recover over 750-something houses from one person.”

The president admitted that the reforms were tough decisions but assured Nigerians they were necessary.

Political Parties

Political Parties

“Yes, we encountered challenges when we assumed office in May 2023, but we have made progress by implementing difficult, long overdue but necessary economic reforms.

“We have eliminated the arbitrage-driven multiple foreign exchanges, and our far-reaching tax reforms are coming.

“Because of the reforms, our country now attracts foreign direct investments that will ultimately create jobs and produce much-needed goods and services that will significantly improve the standard of living of our people,” Mr Tinubu explained.

The APC convened the summit to review the administration’s two-year performance across key economic sectors.

The president said his administration’s focus on economic reforms for long-term gains had continued to receive positive reviews from within and outside the country.

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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