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Reno Omokri lists ’21 economic miracles under Tinubu’

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A former presidential aide, Reno Omokri, has stated that Nigeria recorded remarkable economic milestones under President Bola Tinubu, spanning foreign reserves, oil production, financial markets, infrastructure, and social support programs. Experts say these developments reflect a period of growth and stabilisation for the country’s economy.

On his X account cited by PUNCH Online on Tuesday, Omokri listed some of the achievements recorded by the present administration to include:

”1. Stronger Foreign Reserves
Nigeria’s foreign reserves have crossed the $45 billion mark for the first time in six years, now ranking as the fourth-highest on the African continent.

”2. Robust GDP Growth
Prudent management of reserves has contributed to a 3.93% GDP growth in the most recent quarter, following a 4.23% growth in the previous quarter (Q2, 2025).

”3. Energy Independence
Within two years, Nigeria transitioned from being Africa’s largest petrol importer to West Africa’s largest exporter.

”4. OPEC Production Surplus
For the first time in over a decade, Nigeria has exceeded its OPEC quota for three consecutive months, averaging 1.71 million barrels per day.

”5. Expanded International Flights
President Tinubu facilitated direct flights for Nigerian airlines to major global destinations, including London, São Paulo, Bogotá, Entebbe, Dar es Salaam, Algiers, and St. Kitts and Nevis.

”6. Reduction in Oil Theft
Oil theft has dropped to less than 10,000 barrels per day, marking a sixteen-year low.

”7. Revenue Targets Achieved
Nigeria achieved its full-year revenue target by August, a first in its history.

”8. Stock Market Growth
The Nigerian Stock Exchange rose above 130,000 All Share Index points for the first time.

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”9. GDP Expansion
The economy expanded by $67 billion in just two years, growing from ₦269.29 trillion in May 2023 to ₦372.8 trillion today.

”10. Non-Oil Revenue Growth
Between January and August 2025, non-oil tax revenue rose 40.5% to ₦20.59 trillion, compared to ₦14.6 trillion in the same period in 2024.

”11. Record Corporate Valuation
MTN Nigeria Limited hit a record ₦10 trillion valuation, the first Nigerian company to reach this milestone.

”12. Falling Inflation
Food prices have dropped significantly, reducing inflation to 16.05% from 20.12% in August 2025.

13. Lower Fuel Prices
Retailers, including Dangote, have reduced fuel prices below ₦1,000.

”14. Naira Stability
The Naira has stabilized below ₦1,500 to the US dollar, making it one of the world’s best-performing currencies, according to Fitch Ratings.

”15. Record Power Generation
Nigeria broke its power generation record with a peak of 5,801.84MW and maximum daily energy output of 128,370.75 MWh.

”16. Trade Surplus Growth
Nigeria’s trade surplus rose 44.3% in Q2 2025 to ₦7.46 trillion, surpassing Q1’s ₦5.17 trillion.

”17. Lower Interest Rates
The Central Bank of Nigeria reduced interest rates by 50 basis points to 27%, the first cut since the COVID-19 pandemic.

”18. Global Economic Recognition
Fitch and S&P Global Ratings upgraded Nigeria’s economy to a Stable B rating.

”19. Expert Endorsement
Economists, including Dr. Ngozi Okonjo-Iweala and Dr. Chukwuma Soludo, confirmed that President Tinubu has stabilized Nigeria’s economy.

”20. Rail Transport Growth
Rail transport expanded by 43.08% in Q2 2025.

”21. Road Infrastructure Expansion
Road transport grew by 24.50%, driven by ongoing mega-projects like the ₦13 trillion Illela-Sokoto-Badagry Superhighway and ₦15 trillion Lagos-Calabar Coastal Highway.”

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Ramadan: Adamawa gov relaxes night-time restriction on tricycles

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The Governor of Adamawa State, Ahmadu Fintiri, has approved a review of the existing restriction on the operations of commercial tricycles, known as Keke NAPEP, in parts of the state for the 2026 Ramadan period.

This was disclosed in a statement issued by the Chief Press Secretary to the Governor, Humwashi Wonosikou, on Friday.

The statement said the restriction, which previously ran from 10pm to 5am would now commence an hour later.

“Under the revised directive, the restriction which previously ran from 10pm to 5am will now commence from 11p to 5am daily throughout the 2026 Ramadan period.

“The review takes immediate effect,” the statement read.

The government explained that the adjustment was introduced to ease movement for Muslim faithful during the holy month.

“The adjustment is intended to allow Muslim faithful attend late-night tafsir sessions with ease during the holy month,” it added.

The statement recalled that the Adamawa State Government had, in February 2021, imposed restrictions on the movement of tricycles and motorcycles through the Adamawa State Restriction of Movement of Tricycles/Motorcycles Executive Order No. 1 of 2021, as part of measures to strengthen public safety and security.

It noted that the latest review reflects the administration’s effort to balance religious observance with security considerations.

“The present review is therefore informed by the Government’s commitment to supporting religious observance, while maintaining the gains recorded in peace and security across the state,” the statement said.

Fintiri also directed security agencies to intensify patrols across the affected local government areas.

See also  Ramadan: Adamawa gov relaxes night-time restriction on tricycles

“Governor Fintiri has accordingly directed security agencies to intensify patrols, particularly within Yola North, Yola South and Girei, through the deployment of additional personnel to safeguard lives and property.

“He warned that any breach of the law will be dealt with decisively,” the statement added.

The governor further appealed to residents to act responsibly and avoid actions that could undermine the peace and stability currently enjoyed in the state.

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DSS to arraign El-Rufai Feb 25 over alleged cybercrime, security breach

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The Department of State Services (DSS) will on February 25 arraign former Gov. Nasir El-Rufai of Kaduna State on alleged cybercrime and breach of national security

LIB had earlier reported that the DSS on Monday, February 16, filed a three-count criminal charge against El-Rufai following his alleged involvement in wiretapping the telephone lines of the National Security Adviser (NSA), Mallam Nuhu Ribadu.

According to the court papers, El-Rufai was alleged to have, on Feb. 13, while appearing as a guest on Arise TV station’s Prime Time Programme in Abuja, “admitted during the interview that he and his cohorts unlawfully intercepted the phone communications of the NSA, Mr Ribadu.”

The offence is said to be contrary to and punishable under Section 12(1) of the Cybercrimes (Prohibition, Prevention, etc.) Amendment Act, 2024.

In count two, the ex-governor was alleged to have, on February 13, while appearing as a guest on Arise TV station’s Prime Time Programme in Abuja, stated during the interview that he knew and related with a certain individual who unlawfully intercepted the phone communications of the NSA, without reporting the said individual to relevant security agencies.

The offence is said to be contrary to and punishable under Section 27(b) of the Cybercrimes (Prohibition, Prevention, etc.) Amendment Act, 2024.

Count three alleged that El-Rufai and others still at large, sometime in 2026, in Abuja, did use technical equipment or systems which compromised public safety and national security and instilled reasonable apprehension of insecurity among Nigerians by unlawfully intercepting the NSA’s phone communications.

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The DSS said the ex-governor by his own comment during the live interview committed an offence contrary to and punishable under Section 131(2) Nigerian Communications Act 2003.”

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Mob besieges Benin FRSC office

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The Corps Marshal of the Federal Road Safety Corps, Malam Shehu Mohammed, has praised the Nigerian Army and Nigeria Police Force for their swift and decisive response during the recent attack on the Benin Toll Gate Unit Command Office.

The attack occurred on Thursday at the RS5.12 Benin Toll Gate Unit on the Benin–Lagos Expressway, following a crash involving two trucks, the statement said.

One truck driver died in the accident, while FRSC personnel sustained critical injuries, with one officer later succumbing despite urgent medical attention.

“In the aftermath of the crash, an angry mob besieged and vandalised the Unit Command formation. However, the prompt response by security agencies helped to restore order and prevent further escalation,” Mohammed said in a statement issued on Friday by the FRSC spokesman, Olusegun Ogungbemide, in Abuja.

The Corps Marshal condemned the attack on FRSC personnel and facilities as “deeply regrettable and unacceptable,” emphasising that the operatives were on lawful duty to save lives.

He also commiserated with the families of the deceased driver, the fallen officer, and the entire FRSC workforce.

Mohammed has ordered a comprehensive investigation into both the immediate and underlying causes of the crash and the circumstances that led to the mob action.

He assured the public that anyone found culpable would be brought to justice.

The FRSC boss reaffirmed the Corps’ commitment to ensuring safer roads for all Nigerians and called on the public to remain calm, law-abiding, and supportive of its activities.

(NAN)

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