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Nigerian States Are undiscovered Jewels With Huge Economic Potentials –Osinbajo

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In a speech that highlighted the tremendous local and international economic potentials of States of the Nigerian Federation.

Acting President Yemi Osinbajo, has described states in Nigeria as undiscovered jewels, opining that Niger state alone with its rich agricultural potentials and resources has the capacity to feed both the country and about half of the African continent.

The Acting President said this Minna, at the Investment Summit organised by Niger State tagged “Truly Niger” to showcase the rich potentials of the State to investors.

He said, “Indeed, this State like most of Nigeria is largely an undiscovered jewel; a real treasure hiding in plain sight. The vision is to position Niger State to feed at least 50% of Africa. This may sound like a tall order given today’s level of production. But we should always set our sights high.”

Delivering the keynote address as Special Guest of Honour at the ceremony chaired by former President Olusegun Obasanjo, the Acting President spoke on the theme; Impacting Investment For Advancing Agricultural Economy and Innovationstating, stating, “even in the best days of oil dominance in Nigeria, agriculture provided jobs for 30 percent of our population, and about the same percentage in contribution to GDP.”

Continuing, he noted that Agriculture is clearly the surest pathway to diversifying the economy, ensuring food security and improving foreign exchange earnings.

Speaking to industry chieftains, bankers, financial experts and senior government officials at the Legbo Kutigi International Conference Centre, in Minna, Osinbajo noted that Niger State “boasts of size, occupying 10% of Nigeria’s land area and hence has the potential to be serve as an agricultural hub.

He described Niger State as having the largest tracts of arable land in the sub-region, the largest number of hydro-power assets, a hardworking, resourceful, youthful population and an experienced and purposeful leadership.”

He noted that the State “is rightly proactively seeking sustainable, long-term investments that will support the inclusive, sustainable and resilient growth and development that the State needs. I expect that the summit will deliver the connections, the networks and investment collaboration that it was designed for.”

Before declaring the investment summit open, Prof. Osinbajo recalled the efforts of the Niger State government to make the State more business-friendly, and implored the State government to leverage on existing measures such as the creation of the Niger State Geographic Information System (NIGIS); the streamlined issuance of certificates of occupancy within 72 hours; and the reduction in the cost of getting a Certificate of Occupancy by 90% (from between N150,000 – N180,000) to only N15,000 to achieve its investment objectives.

Osinbajo noted that the State must utilize “its advantage of being close to New York, a model which Ogun State is also successfully implementing in relation to Lagos State, ” adding that the State must take advantage of its location close to the Federal Capital Territory to become a manufacturing hub.

“This is especially the case for Small and Medium enterprises that can produce light manufacturers to serve the rapidly growing population of Abuja,” the Acting President stated.

“During his remarks at the occasion, the Governor of the State, Alhaji Sani Bello said the summit was conceived to showcase the rich agricultural potentials of the State to investors, promising that the outcome of the summit would be implemented by his government”

Dignitaries at the event include besides, former President Obasanjo included the former Head of State, Gen. Abdulsalam Abubakar; Governor of Sokoto State, Aminu Waziri Tambuwal; Deputy Governor of Niger State, Alhaji Ahmed Kesto; Minister of Agriculture, Chief Audi Ogbeh; Minister of Women Affairs and Hajia Aisha Jummai Al-Hassan; Minister of State for Aviation

Also present include, Senator Hadi Sirika; Minister of State for Solid Minerals, Alh Bawa Bwari; Minister of State for Trade, Industry and Investment, Hajia Aisha Abubakar, the Sultan of Sokoto, His Eminence, Muhammad Sa’ad Abubabkar and several other top government officials.

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Oseni mourns ex-Oyo lawmaker Akeem ‘Able’, says Oyo APC has lost loyal progressive

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The lawmaker representing Ibarapa East/Ido Federal Constituency in the House of Representatives, Engr. Aderemi Oseni, has mourned the death of a chieftain of the All Progressives Congress (APC) in Oyo State and former member of the Oyo State House of Assembly, Hon. Akeem Abimbola Oladipupo, popularly known as Able, describing his demise as a painful loss to the progressive family.

Oladipupo, who represented Ibadan North-West Constituency in the Oyo State House of Assembly, was widely regarded as a grassroots politician and committed party loyalist until his passing.

Oseni, who is also the Chairman, House Committee on Federal Roads Maintenance Agency and the APC candidate for Oyo South Senatorial District, said the late politician’s death had created a vacuum within the party and among those who benefitted from his unwavering commitment to public service.

In a condolence statement issued on Monday by his Media Aide, Idowu Ayodele, and made available to journalists in Ibadan, the Oyo State capital, the federal lawmaker described the late Oladipupo as a dependable progressive, humble political actor and loyal party stalwart whose impact would remain indelible.

He said the deceased dedicated his life to serving humanity, strengthening the progressive movement and supporting the aspirations of many at the grassroots.

Oseni said, “The death of Hon. Akeem Abimbola Oladipupo (Able) came to me as a rude shock. Oyo State and the progressive family have indeed lost a committed, loyal and selfless leader whose passion for service, humility and dedication to the people stood him out.

“He was not just a politician but a bridge-builder, a dependable ally and a grassroots mobiliser who believed strongly in the ideals of our great party. His contributions to the growth of the APC in Oyo State and his service to humanity will remain unforgettable.”

The APC senatorial candidate noted that the late former lawmaker remained steadfast in promoting peace, unity and political development, adding that his simplicity and accessibility endeared him to many across political divides.

According to Oseni, the late politician’s legacy of service and sacrifice would continue to inspire younger politicians and party faithful.

He, however, urged members of the APC, associates and family members of the deceased to take solace in the remarkable life he lived and the positive impact he made during his lifetime.

Oseni also prayed for the repose of the deceased’s soul and for God to grant his family the fortitude to bear the painful loss.

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Governors Push N100,000 Minimum Wage to Ease Workers’ Economic Burden

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State governors have proposed a new national minimum wage of N100,000 for Nigerian workers as part of efforts to cushion them from the biting effects of inflation and the rising cost of living.

Governor AbdulRahman AbdulRazaq of Kwara State, who is also the Chairman of the Nigeria Governors’ Forum (NGF), disclosed the proposal on Saturday in a post by the state government’s official Facebook page. He said the move aims to improve workers’ welfare while ensuring that government finances remain sustainable.

“State governments recognise the urgent need to improve workers’ welfare in response to the current economic realities facing Nigerians,” AbdulRazaq said.

“We are actively engaging with the Federal Government and organised labour to arrive at a wage structure that is fair to workers and sustainable for government finances.”

The NGF chairman explained that ongoing discussions are focused on balancing the need to boost workers’ purchasing power with the capacity of governments to deliver essential public services and development projects.

“The goal is to improve the living conditions of workers while ensuring that states can continue to meet their obligations and sustain projects that directly impact citizens,” he added.

The proposed N100,000 minimum wage is expected to intensify national debates on salaries, inflation, and broader economic reforms as Nigerians continue to contend with rising food prices, transportation costs, and other living expenses.

Currently, Nigeria’s statutory minimum wage stands at N70,000 per month. Some states, including Lagos, Rivers, and Imo, are already paying above the national benchmark to support workers amid the country’s economic challenges.

Meanwhile, the Nigeria Labour Congress (NLC) has continued to call for a comprehensive review of salaries, insisting that workers deserve a living wage that reflects present-day economic realities rather than merely guaranteeing survival.

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Petrol hits N1,533/litre as cooking gas prices jump nationwide

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The average retail price paid by consumers for Premium Motor Spirit, popularly known as petrol, rose to N1,532.93 per litre in April 2026, representing a 23.69 per cent increase compared to the N1,239.33 recorded in the corresponding period of 2025, findings by the National Bureau of Statistics (NBS) have shown.

The sharp rise in petrol prices came amid mounting inflationary pressure and worsening living costs, with Nigerians grappling with soaring transportation and food expenses that have continued to shrink household purchasing power.

The NBS disclosed this in its Premium Motor Spirit (Petrol) Price Watch for April 2026, released on Friday.

The report further showed that on a month-on-month basis, petrol prices rose by 18.97 per cent from N1,288.54 recorded in March 2026, underscoring persistent volatility in the downstream petroleum market.

A breakdown of prices across states revealed that Yobe recorded the highest average retail price for petrol at N1,599.05 per litre during the review period.

Edo and Bauchi followed closely with average prices of N1,595.74 and N1,589.07, respectively.

However, Niger residents paid the least for petrol at an average of N1,403.89 per litre, while Sokoto and Katsina recorded N1,404.16 and N1,406.28 respectively.

At the zonal level, the South-South recorded the highest average retail price at N1,566.76 per litre, while the North-West posted the lowest at N1,508.81.

The latest petrol price increase comes as millions of Nigerians continue to battle the ripple effects of rising inflation, with higher energy costs worsening transportation fares and the prices of essential commodities.

Similarly, the NBS said the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas, also known as cooking gas, rose by 13.73 per cent month-on-month to N8,706.93 in April 2026 from N7,655.73 recorded in March.
On a year-on-year basis, the price increased by 10.42 per cent from N7,885.60 recorded in April 2025.

Lagos recorded the highest average price for refilling a 5kg cylinder at N9,745.10, followed by Nasarawa at N9,451.70 and Bayelsa at N9,422.74.

In contrast, Anambra recorded the lowest average price at N7,204.76, while Ondo and Ogun followed with N7,239.49 and N7,825.75, respectively.

At the regional level, the North-West recorded the highest average retail price for refilling a 5kg cylinder at N9,025.07, followed by the North-East at N8,847.16, while the South-East posted the lowest average price at N8,224.37.

Also, the average retail price for refilling a 12.5kg cylinder of cooking gas increased by 13.89 per cent month-on-month to N22,382.20 in April 2026 from N19,652.83 in March.

Compared to April 2025, the price rose by 10.43 per cent from N20,268.06.

According to the NBS LPG Price Watch for April, Katsina recorded the highest average retail price for refilling a 12.5kg cylinder at N25,596.71, followed by Kogi at N24,558.25 and Gombe at N24,438.97.

Ogun recorded the lowest average price at N19,564.36, while Bauchi and Anambra followed at N20,178.87 and N20,511.90 respectively.

The North-West recorded the highest zonal average retail price for refilling a 12.5kg cylinder at N23,276.95, followed by the North-Central at N22,865.29, while the South-East posted the lowest average at N21,060.92.

The latest figures signal growing pressure on household energy costs, raising concerns over the implications for inflation and the cost of living in the coming months.

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