Cardoso, Edun Woo Foreign Investors, Say Confidence Restored in Nigeria’s Economy CBN governor reveals NIBSS to launch BVN platform for diasporans by December 2024 budget performance put at N12.6tn
Obinna Chima, Eromosele Abiodun and Nume Ekeghe in Washington DC
Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, and Governor of Central Bank of
Nigeria (CBN), Mr. Olayemi Cardoso, yesterday, told foreign investors that with reforms initiated by the federal
government, confidence had been gradually restored in the Nigerian economy.
Similarly, yesterday, Cardoso disclosed that the Nigerian Inter-Bank Settlement System (NIBSS) would by
FG Okays N740bn for Abuja-Kano Road Project...
December launch a Bank Verification Continued on page 5
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Thursday, October 24, 2024 Vol 29. No 10788. Price: N400
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Tinubu Discharges Ade-John, Ohanenye, Mamman, Gwarzo, Ibrahim in Cabinet Shakeup Appoints Oduwole, Yilwatda, Dingyadi, Odumegwu-Ojukwu, Maiha, Ata, Ahmad, redeploys 10 Niger Delta ministry merged in new regional development ministry, tourism now infused into art, culture and creative economy FG issues Oct 30 ultimatum to affected ministers to complete handover exercise
Deji Elumoye, Olawale Ajimotokan, Sunday Aborisade in Abuja and Ahmad Sorondinki in Kano
NEW MINISTERIAL NOMINEES AND THEIR PORTFOLIOS
Three weeks after hinting at a possible cabinet reshuffle, and 17 months into his administration, President Bola Tinubu, yesterday, made good his promise as he discharged five ministers, appointed seven new ones, and reassigned 10 of the cabinet members. The discharged ministers were Uju-Ken Ohanenye (Women Affairs), Lola Ade-John (Tourism), Prof Tahir Mamman (Education), Abdullahi Muhammad Gwarzo (State, Housing and Urban Development), and Dr. Jamila Bio Ibrahim (Youth Continued on page 5
Yusuf Abdullahi Ata - State, Housing Bianca Ojukwu State, Foreign Affairs and Urban Development
Nentawe Yilwatda Humanitarian Affairs and Poverty Reduction
Idi Mukhtar MaihaLivestock Development
The Curious Case of Ondo, Imo and Abia Yesterday’s cabinet reshuffle by President Bola Ahmed Tinubu, though was intended to inject energy into the team, it might have thrown up more questions than answers, especially for the people of Niger Delta. One of the highpoints of his decision was the scrapping of the Niger Delta Affairs Ministry, a portfolio dedicated to the people
of the oil-rich region and their development needs. But with the ministry now fused into the newly created Regional Development Ministry, the region appears shortchanged. Perhaps, inadvertently. This is where it gets even more confounding. The Niger Delta Development Commission (NDDC), Continued on page 28
Jumoke Oduwole Industry, Trade and Investment
Muhammmadu M. Dingyadi Labour and Employment
Suwaiba Said Ahmad State, Education
Mo Ibrahim Report Ranks Nigeria Among 11 Worst-ruled African Nations in 10 Years...
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Disorder 1 (2024) by Kaleab Abate. Courtesy of Afriart Gallery
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