Economy
Tinubu mulls creation of State Police to tackle spiraling insecurity

The Eyewitness Reporter
In a bid to decapitate the spiraling insecurity in the country, President Bola Ahmed Tinubu, has set up a committee to explore all areas of possibilities to create state police.
Addressing an emergency meeting in the State House with all 36 state governors, the Vice-President, Kashim Shettima, the National Security Adviser, the Inspector-General of Police, the Director-General of the DSS, and some ministers, President Tinubu reiterated his administration commitment to bolster security in the country.
He also vowed to ensure food security in the country by setting up schemes to bolster local food production and cut out all forms of rent-seeking tied to food importation.
Towards this end, the president said has endorsed the training and equiping forest rangers to protect farmers in their communities.
“I have approved the creation of a committee that includes state governors and federal government representatives to explore, among other things, the possibility of establishing state police.
“I have also endorsed the training and equipping of forest rangers by sub-national governments to protect human and natural resources in our communities.
“My stance is unequivocal: we must move aggressively to examine the issues raised, including the potential for establishing state police.
On food security, the President said he had instructed the National Security Adviser, the Inspector General of Police and the Director of State Services to go after those who hoard foods items in their warehouses for profiteering
“Following reports out of Kano and other areas about large-scale hoarding of food in some warehouses, I have instructed the National Security Adviser, the Inspector-General of Police, and the Director-General of the Department of State Services to coordinate closely to ensure that security agencies in the states inspect such warehouses and take follow-up action.
“We cannot allow speculators, hoarders, and rent seekers to undermine our efforts in ensuring that food is widely available to all Nigerians.
” I will not establish a price control board, nor will I approve the importation of food.
“We must extricate ourselves from this predicament because importation only enables rent seekers to perpetrate fraud and mismanagement at our collective expense.
“Instead, we will support our farmers with schemes that encourage them to cultivate more food for the nation.
“We must also rapidly but thoughtfully implement our livestock development and management plans, including dairy farming and others.
On monetary policies and the Central Bank of Nigeria, Tinubu appealed to all governors and other Nigerians to trust the CBN in its efforts to take the country out of the woods as not everybody is an expert in this regard.
“I urge all governors to trust the Central Bank of Nigeria with the management of our country’s monetary policy, and emphasized the need for designated institutions to effectively fulfill their mandate.
“The “cacophony of postulations” on the fluctuation of foreign exchange rates is adversely affecting the market.
” Not everyone can be an expert. If we have assigned someone a task, we must allow them to perform it. If they fail, then we must find a way to quickly remove them from the system.
The president also urged the governors to prioritize the welfare and prosperity of the people in their development programmes while pledging the resolve of the federal government to continue to work to improve the nation’s revenue profile.
“As leaders, we must all work together to address issues of insecurity, food security, and out-of-school children” Tinubu declared.
Economy
News Alert! Tinubu sacks Wale Edun as Finance Minister in cabinet reshuffle, appoints Taiwo Oyedele as replacement

Secretary to the Government of the Federation, George Akume.According to the memo, Taiwo Oyedele has been appointed as the new Minister of Finance and Coordinating Minister of the Economy.
The memo directed the outgoing ministers to complete handover processes to their respective successors or supervising officials.It stated that all handing over and taking over activities must be concluded on or before the close of business on Thursday, 23rd April, 2026.
Explaining the decision, Akume said the changes were aimed at improving coordination and strengthening delivery across key sectors of the economy under the Renewed Hope Agenda.
“These changes are aimed at strengthening cohesion, synergy in governance as well as achieving more impactful delivery on the economy to Nigerians, through the Renewed Hope Agenda,” Akume stated.
He added that President Tinubu acted in line with his constitutional powers as provided under Sections 147 and 148 of the 1999 Constitution (as amended).
The SGF also conveyed the President’s appreciation to the outgoing ministers for their service to the nation and wished them well in their future endeavours, noting that the process of cabinet reinvigoration would remain continuous.
The statement further noted that Taiwo Oyedele was appointed as Minister of State for Finance in March 2026, while Edun was among the ministers appointed on August 16, 2023.
Economy
Tinubu assents to 2026 Appropriation bill , extends 2025 budget implementation

Economy
NNPC attributes increased crude oil production to enhanced security surveillance of pipelines in Niger- Delta

Funso OLOJO, Editor
The Nigerian National Petroleum Company Limited (NNPC) has confirmed that national crude oil production has grown from a historic low of 960,000 barrels per day in 2022 to an average of 1.71 million barrels per day and a peak production of 1.84 million barrels per day in 2025, owing to the establishment of the integrated energy security for pipelines in the Niger Delta.
Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, made the disclosure at the Parliamentary Roundtable on the State of Pipelines Security which held at the National Assembly, in Abuja, on Wednesday, April 8th, 2026.
Speaking on the success of the security arrangement, Ojulari explained that it was not accidental, and that it involved an “integrated energy security model that combines legislative and executive policy alignment, actionable intelligence, kinetic deployment capabilities, regulatory oversight, industry cooperation, and community‑embedded surveillance mechanisms”.
He said the resurgence of production due to the effective tackling of the twin menace of oil theft and pervasive pipeline sabotage has led to the restoration of investors’ confidence in the nation’s oil and gas sector.
In his welcome address, the President of the Senate, Sen. Godswill Akpabio, represented by Senator Jimoh Ibrahim, called for collaboration among agencies and stakeholders in resolving all challenges impeding production growth.
On his part, the Speaker of the House of Representatives, who was represented by the Leader of the House, Hon. (Prof.) Julius Ihonvbere, urged the forum to evaluate the progress made so far with a view to ensuring fairness and equity.
The Parliamentary Roundtable on the State of Pipelines Security was convened by the Joint Senate and House of Representatives Committee on Petroleum Resources.
It had in attendance the Senate President, Speaker of the House of Representatives, National Security Adviser, Minister of Defence, and representatives of oil industry regulatory agencies.
The Roundtable also featured presentations by the Chief of Defence Staff, Inspector General of Police, Director General of the Department of State Services, Commandant General of the Nigerian Security and Civil Defense Corps, and private security companies.
Headlines3 months agoThe rise of Olatunji Disu: From Aide-De-Camp (ADC) in 1999 to IGP in 2026
Headlines3 months agoNRC plans electric rail operations across the country- Opeifa
Headlines3 months agoNIWA Lagos Area Manager, Sarat Braimah, wins Nelson Mandela Pan African Leadership Award
Economy3 months agoNigeria’s Oil exports face threat as US- Israel attack on Iran escalates, Strait of Hormuz blockade imminent
Headlines3 months agoLekki Port boosts Nigeria’s trade surge as NPA releases 2025 operational performance
Customs3 months agoApapa Customs, Navy deepen partnership for seamless cargo movement along Apapa port corridor







