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WORLD PRESS FREEDOM DAY: NGE Says Press freedom crucial to Democracy, good governance

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·        Requests NASS to initiate law against abusive, strategic lawsuits

·        Salutes journalists working under harsh economic conditions



Nigerian Guild of Editors (NGE) has reaffirmed that media freedom, freedom of expression and access to public information are crucial to democracy and must be at the heart of Nigerian government’s values and actions.

The professional body of editors and media executives in Nigeria also said that it recognizes the crucial role played by journalists, media workers and free/ independent media in protecting the country democracy and advised them not to give up, in spite of the prevailing economic challenges.

In a press statement issued on Thursday to mark this year World Press Freedom Day and signed by its President, Mr. Eze Anaba and the General Secretary, Dr Iyobosa Uwugiaren, the Guild also requested the National Assembly to initiate and adopt a law to protect journalists, who speak out on matters of public interest, especially against abusive and strategic lawsuits, which are regularly initiated to silence them.

This year, the World Press Freedom Day, is dedicated to emphasizing the importance of good journalism amidst the current global environmental crisis.

World Press Freedom Day is observed annually on May 3rd. Established by the United Nations General Assembly in 1993, this day helps to celebrate the fundamental principles of press freedom, assess the state of press freedom throughout the world, defend the media from attacks on their independence, and pay tribute to journalists who have lost their lives in the line of duty.

The day also acts as a reminder to governments of the need to respect and uphold the right to freedom of expression as enshrined in Article 19 of the Universal Declaration of Human Rights. It highlights the importance of a free, independent, and pluralistic media in fostering transparency, accountability and democracy.

‘’In line with the theme of this year celebration, we believe that journalism and freedom of expression are crucial in the context of the current global environmental crisis.

‘’Journalism and freedom of expression help in raising public awareness about environmental issues; holding power accountable; amplifying marginalized voices; promoting transparency and accountability; fostering public debate/engagement, and providing a platform for solutions’’, the editors added.

More importantly, the NGE added that this year’s World Press Freedom Day provides an opportunity for every stakeholder in the media community to continue to drum it to the hearing of both state and non-state actors – about the importance of press freedom and the challenges being faced by journalists, including censorship, harassment, imprisonment and violence. And the urgent need by the government to take deliberate and sustained action to promote press freedom and good journalism in the country.

According to the editors, ‘’The federal government will fundamentally be promoting the enabling environment for media to operate responsibly if it adopts a law to protect persons who speak out on matters of public interest against abusive lawsuits meant to silence them.

‘’The federal government should take a clue from the European Union and other democracies around the world, who have adopted similar laws to protect journalists and media houses against Strategic Lawsuit Against Public Participation (SLAPP suit).

‘’More so, there are still many obnoxious and anti-media laws in our statutory books that are targeted at journalists and media houses. The National Assembly (NASS) must take immediate step to repeal them.’’

The NGE also urged government at all levels, international organizations and civil society organization to protect and promote press freedom; ensure safety and security for journalists/media houses; and ensure that all restrictive laws and policies targeted at the media are repealed.

The NGE added, ‘’We celebrate the courageousness and commitment of journalists across the country, who continue to risk everything to bring us the truth and reliable/credible information. We also acknowledge the growing threats to press freedom – from violence and censorship to disinformation and economic pressures.

‘’We pay tribute to the journalists who have lost their lives or faced persecution, and we stand in solidarity with those under threat or attack and those who continue to work under very harsh economic conditions.’’

The editors said that they will continue to advocate for press freedom, freedom of expression and access to information, adding that they are crucial to good governance, democratic societies and fundamental human rights.

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Business

Change of baton at NNPCL as Ojulari officially takes over from Kyari

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The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari.

In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to the growth of NNPCL and his sterling service to the nation.

Ojulari disclosed that the objective of his management was to consolidate on the successes of his predecessor and take the company to the next level.

He said though the targets set for his management were quite enormous, he would be relying on the co-operation of the management and staff of the company, as well as the counsel of his predecessor to achieve set targets.

“I will be counting on your support. I will need it. I will be coming around to seek your counsel,” Ojulari told Kyari.

Earlier in his remarks, Kyari congratulated Ojulari and thanked the management and staff of the company for their support while in office.

He pledged to do everything within his power to support the new management to succeed, stressing that he was only a call away.

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News

President Tinubu Appoints Ayo Sotinrin as Managing Director of the Bank of Agriculture

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President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately.

Mr. Sotinrin brings a diverse and extensive background in the private and public sectors to his new role.

Before his appointment, he held the position of Group Chief Executive Officer at SAO Group. His leadership at SAO Agro, an agribusiness company, was marked by groundbreaking agricultural initiatives, including developing a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.

He also led SAO Capital, raising over $750 million in infrastructure and development finance, including the landmark $200 million Akure Water Supply Project.

In the public sector, he served as Special Adviser (Environment & Urban Development) to the Minister of State FCT from 2011 to 2015.

He has consulted extensively for global development partners such as the World Bank, AfDB, DFID, and USAID and played key advisory roles on federal and state-level projects. His international background includes roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.

Mr. Sotinrin holds an Executive MBA from Said Business School, Oxford University; an Advanced Diploma in Environmental Conservation; and a Master’s in Engineering Business Management from Warwick University.

Mr Sotinrin’s appointment aligns with the Tinubu administration’s strategy to revitalise Nigeria’s agricultural sector.

“Mr Sotinrin’s proven ability to mobilise capital, innovate in agribusiness, and collaborate across sectors will be instrumental in repositioning the Bank of Agriculture as a catalyst for food security, sovereignty and rural prosperity”, President Tinubu emphasised.

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International

JUST IN: Naira records highest depreciation against dollar amid Trump’s tariff war

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The Nigerian naira recorded its highest depreciation against the dollar this week at the official foreign exchange market amid United States of America President, Donald Trump’s tariff announcement.

The Central Bank of Nigeria’s exchange data showed that it dropped to N1,552.53 per dollar on Thursday from N1,531.25 traded on Wednesday.

This means that the naira slumped by N21.28 against the dollar on Thursday compared to N1,531.25 exchanged the previous day.

This is the highest depreciation against the dollar on a single day since March 22, when the currency dropped by N18.96 weekly at the official market.

Similarly, at the black market, the naira weakened by N5 on Thursday to N1,560 per dollar from N1,555 traded on Wednesday.

The development comes despite CBN’s announcement that the country’s Net Foreign Exchange Reserve (NFER) as of the end of 2024 stood at $23.11 billion, the highest level in over three years.

The drop in the naira at both official and parallel foreign exchange markets follows Trump’s administration’s tariff announcement on Wednesday, which sparked outrage across the world.

Economic experts said Trump’s 10 percent baseline tariffs would affect US-Nigeria trade worth $10 billion.

The chief executive officer of the Centre for the Promotion of Private Enterprise, Dr Muda Yusuf on Thursday in a statement said Trump’s tariff would affect Nigeria’s economy because it has brought an end to the African Growth and Opportunity Act.

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