Connect with us

Top Stories

Fayemi to harness local mat production for global market

Published

on

The Kayode Fayemi led Ekiti State government has expressed its readiness to support local mat weavers in Ogotun and expose their products to both the local and international markets for economic benefit.

Director-General, Ekiti State Council for Arts and Culture, Mr. Wale Ojo-Lanre, disclosed this at a meeting with local mat manufacturers in the community.

Ojo-Lanre, who was accompanied by the Director -General, Bureau for Labour Productivity and Employment, Mr. Lanre Ogunjobi, said ‘Eni Ogotun’ is, no doubt, the best in the world and should be well promoted.

He further assured that the Council for Arts and Culture will be supporting the local mat manufacturers to exhibit their crafts at local and international events as well as collaborate with local governments to train more people in the art of weaving and making use of the mat to create more products.

Ogunjobi in his remarks said the government will enhance their production through the provision of soft loan to assist them in their creative ability.

“Governor Kayode Fayemi and his wife Erelu Bisi Fayemi are interested in creating Jobs through our local products and promotion of local potentials. Therefore, I want to assure you that ‘Ogotun Mat’ producers will also benefit from the economic and financial empowerment scheme that will boost your productivity.”

Also, Olori Comfort Omolade Oyebade, wife of Ologotun of Ogotun, Oba Samuel Oyebade, who coordinated the event said ‘Ogotun Mat’ manufacturers are open to receive any form of support from the government to enhance their productivity and creative ability.

According to her, “we have featured in both local and international exhibitions before and some of our people have been awarded for their genuine creativity. We want improvement in our production and patronage and we would appreciate any form of support from the government”.

Febi Oyemade, Managing Director, Estera Concepts said Eni Ogotun’ can be used for the production of souvenirs, bags, table mats and coasters, mats and leather tote and furniture, among others.

Ologotun of Ogotun, Oba Samuel Oyebade, commended Ekiti State government under the leadership of Dr. Kayode Fayemi for the resolve to enhance the production of ‘Eni Ogotun’ and assured them of maximum cooperation and supports.

Comments

Politics

2027: Wike backs Tinubu, says PDP will field candidates

Published

on

The Minister of the Federal Capital Territory, Nyesom Wike, has said his decision to support President Bola Tinubu’s re-election bid in 2027 does not mean the Peoples Democratic Party will withdraw from other elections.

Wike said he would mobilise support for Tinubu’s second-term bid while the PDP remained free to field candidates for governorship, National Assembly and State House of Assembly elections.

The minister made the clarification in a statement issued on Tuesday by his Senior Special Assistant on Public Communications and Social Media, Lere Olayinka.

Wike also dismissed suggestions that the emerging “rainbow coalition” was an arrangement with the ruling All Progressives Congress, saying it was simply a platform for politicians across party lines to mobilise support for Tinubu.

He said he would not take responsibility for helping politicians win elections in their respective states, insisting that political disputes at the state level should be settled locally.

“Politics is local and those having problems in their States should resolve them instead of using the reelection of the President to whip up sentiments,” Wike said.

The former Rivers State governor recalled that he and other members of the G5 governors did not negotiate with the APC before supporting Tinubu in the 2023 presidential election.

He maintained that his position for 2027 remained centred on securing Tinubu’s re-election and not determining the outcome of other elections.

Wike argued that the 2023 elections showed that Nigerian voters could support different political parties in presidential and National Assembly contests held on the same day.

He cited Imo, Abia, Enugu and Ebonyi states as examples, noting that the APC won some National Assembly seats despite recording relatively low votes for the presidential election in the states.

“In Imo State under Governor Hope Uzodinma, how did APC win two senate seats in 2023, in an election held the same day with that of the President and APC had less than 15 per cent in the presidential election? Was it rainbow coalition? Were the voters confused?” he asked.

Wike further cited the APC’s victories in National Assembly elections in Ebonyi, Abia and Enugu, despite the party’s performance in the presidential poll in those states.

He said the results demonstrated that voters could make different choices in different elections.

“If in 2023, the voters in Imo, Abia, Enugu and Ebonyi voted APC in the Senatorial election and voted another party in the presidential election, they won’t be confused in 2027 provided we all support the president genuinely this time?” he added.

The FCT minister urged political stakeholders to separate the President’s re-election from their individual political battles at the state level.

“What I said and stand for is that I will mobilise support for the reelection of the President. I never promised anyone that PDP will not field candidates to contest governorship, National Assembly and States House of Assembly elections,” Wike said.

He also stressed that the rainbow coalition had no formal connection with the APC.

“Most importantly, rainbow coalition has nothing to do with the APC. Rather, it is own way of mobilising support across political parties for Mr President, who has done well to deserve a second term,” he said.

Continue Reading

News

Inflation drops marginally to 15.39% — NBS

Published

on

Nigeria’s headline inflation rate fell marginally to 15.39 per cent in August 2026 from 15.43 per cent in July, according to the National Bureau of Statistics.

The NBS disclosed this in its Consumer Price Index released on Tuesday, saying the latest figure represented a 0.04 percentage point decline from the previous month.

The statistics agency, however, reported a sharper decline in the month-on-month inflation rate, which dropped to 0.71 per cent in August from 1.57 per cent in July.

The month-on-month rate, according to the bureau, declined by 0.86 percentage points compared with the July figure.

The NBS explained that the development indicated that the rate at which the average price level increased in August was slower than that recorded in July.

The latest data also showed a significant moderation in food inflation, which stood at 19.57 per cent year-on-year in August.

The figure was substantially lower than the 25.30 per cent recorded in August 2025.

On a month-on-month basis, food inflation fell to 1.02 per cent in August from 5.56 per cent in July, representing a decline of 4.55 percentage points.

The NBS said the development showed that food prices were still rising, but at a slower rate during the month under review.

It attributed the decline largely to changes in the average prices of a number of food items, including palm oil, carrots, pepper, onions, cassava flour, beef, yam flour, water yam, melon (egusi), fresh ginger, fresh fish, Irish potatoes, wheat grain, frozen chicken and turkey meat.

At the state level, Adamawa recorded the highest year-on-year food inflation rate in August at 38.85 per cent.

It was followed by Zamfara with 37.96 per cent and Bayelsa with 36.20 per cent.

On the other hand, Borno recorded the lowest year-on-year food inflation rate at -4.04 per cent, followed by Jigawa at -0.23 per cent and Kebbi at 3.47 per cent.

The month-on-month figures presented a different picture, with Katsina recording the highest food inflation rate at 9.48 per cent.

Rivers and Osun followed with 8.86 per cent and 8.32 per cent respectively.

Taraba recorded the lowest month-on-month food inflation rate at -12.42 per cent, followed by Borno at -12.15 per cent and Bauchi at -8.88 per cent.

The latest figures indicate a moderation in the pace of price increases, particularly in the food sector, although the NBS data show that consumers continue to face varying price pressures across the states.

Continue Reading

Politics

N85bn French Loan: Oyo APC Guber Candidate, Alli Warns Makinde Against Diversion

Published

on

The Senator Sharafadeen Alli Campaign Organisation has warned the Oyo State Governor, Seyi Makinde, against diverting the €55m French Government concessional loan, valued at about N85bn, from healthcare development to what it described as politically motivated projects.

The organisation said the loan, secured for the improvement of healthcare facilities across the state, should be deployed strictly for the purpose for which it was obtained.

In a statement on Tuesday, the group expressed concern over reports that the state government had constituted a committee to determine how the funds would be rapidly spent, describing the timing as suspicious with the 2027 general elections and the end of Makinde’s administration approaching.

It also noted that repayment of the facility would commence under the next administration, making transparency and accountability in the utilisation of the funds imperative.

The statement read in part, “It has come to our notice that Governor Makinde has constituted a committee to design how the money will be swiftly spent under the guise of executing some projects four months to the general election and eight months to the end of his government.

“It will be recalled that the Oyo State House of Assembly in June this year approved the governor’s curious request to raise N200bn bond to refinance the choking debt into which Makinde has plunged the state.”

The organisation also questioned the state government’s financial decisions, arguing that increased monthly allocations to the state and the 33 local government areas following the removal of fuel subsidy should provide additional resources to tackle pressing developmental challenges.

It said the alleged plan to rapidly deploy the loan was coming at a time when the state was already facing a significant debt burden.

The campaign organisation, however, said it would support any genuine effort by the government to improve healthcare delivery, but demanded full disclosure of how the French facility would be utilised.

It called for the publication of the loan’s terms, disbursement schedule, contractors to be engaged, procurement procedures, implementation timeline and the hospitals expected to benefit from the project.

“Oyo State citizens and residents deserve to know how every euro will be spent. The money must not be seen as another opportunity for inflated contracts, hurried procurements, questionable consultancy fees or projects disguised to primarily fund political activities,” it said.

The group urged Makinde to resist committing the state to contracts or projects that might not be completed or independently verified before the expiration of his administration.

It also called on the Oyo State House of Assembly, civil society organisations, professional healthcare bodies and the media to closely monitor the utilisation of the facility.

According to the organisation, residents of the state need functional hospitals, trained medical personnel, essential medicines and modern medical equipment rather than what it described as “cosmetic renovations” or abandoned projects.

The campaign organisation said it would continue to scrutinise the deployment of state resources, particularly as the 2027 elections approach, and hold the administration accountable for expenditures it considers questionable.

Continue Reading

Trending

All Rights Reserved. Copyright © 2026 MegaIcon Magazine