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BREAKING: President Tinubu Dissolves Boards Of Parastatals, Agencies, Institutions

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President Bola Tinubu on Monday approved the dissolution of boards of Federal Government parastatals, agencies, institutions and government-owned companies.

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PRESS RELEASE
PRESIDENT BOLA AHMED TINUBU APPROVES DISSOLUTION OF BOARDS OF FEDERAL GOVERNMENT PARASTATALS, AGENCIES, INSTITUTIONS AND GOVERNMENT-OWNED COMPANIES

President Bola Ahmed Tinubu, GCFR, has approved the immediate dissolution of the Governing Boards of all Federal Government Parastatals, Agencies, Institutions, and Government-Owned Companies in the exercise of its Constitutional Powers and in the Public interest.

The dissolution does not, however, affect Boards, Commissions and Councils listed in the Third Schedule, Part 1, Section 153 (i) of the 1999 Constitution of the Federal Republic of Nigeria as amended.

In view of this development and until such a time new boards are constituted, the Chief Executive Officers of the Parastatals, Agencies, Institutions, and Government-Owned Companies are directed to refer matters requiring the attention of their Boards to the President, through the Permanent Secretaries of their respective supervisory Ministries and Offices.

Permanent Secretaries are directed, also, to route such correspondences to Mr President through the Office of the Secretary to the Government of the Federation. Consequently, all Ministries, Departments and Agencies are to ensure compliance to the provision of this directive which took effect from Friday 16th June, 2023.

Permanent Secretaries are particularly directed to inform the Chief Executive Officers of the affected Agencies under the supervision of their respective Ministries/Offices for immediate compliance.

-Signed-

Willie Bassey
Director, Information
For: Secretary to the Government of the Federation

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BREAKING: Another Newswatch Magazine Co-Founder Passes Away – Yakubu Mohammed Dies at 75

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In a somber development for Nigeria’s journalism community, Yakubu Mohammed, a co-founder of the iconic Newswatch magazine and its former deputy chief executive officer, has died at the age of 75.

Mohammed’s passing, announced recently, follows closely on the heels of the death of his longtime colleague and fellow co-founder, Dan Agbese, who succumbed to a prolonged illness on November 17, 2025, at age 81.

This marks yet another significant loss among the pioneering generation that launched Newswatch in 1984, revolutionizing investigative journalism in Nigeria.

Alongside Dan Agbese, Ray Ekpu, and the late Dele Giwa (who was tragically assassinated via a parcel bomb in 1986), Mohammed helped establish Newswatch as a trailblazing weekly newsmagazine known for its bold, fearless reporting and commitment to truth during a turbulent era in Nigerian history.

Reports indicate that Mohammed had been battling an undisclosed ailment before his death. Just months prior, in October 2025, he released his memoir, Beyond Expectations, which provides deep insights into the magazine’s founding, its challenges, and its enduring impact on Nigerian media.

The deaths of Agbese and now Mohammed represent profound blows to the legacy of Newswatch, which set new standards for ethical, investigative, and interpretative journalism in the country.

Tributes are expected to pour in from media practitioners, political leaders, and the public as the nation mourns another pillar of its press freedom movement. May his soul rest in perfect peace.

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U.S. delivers ‘critical military assets’ to battle terrorists, bandits

Nigeria’s Chief of Air Staff, Air Marshal Sunday Aneke, visited the U.S. to quicken the process for the supply of 12 AH-1Z fighter jets by Bell Textron of California.AH-1Z, a modern attack helicopter, is equipped with advanced sensors and precision-guided weapons with night-fighting capabilities.

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The US Africa Command (AFRICOM), has confirmed the delivery of critical military supplies to Nigeria to support the ongoing security operations against terrorists and other non-state actors.

“This delivery supports Nigeria’s ongoing operations and emphasises our shared security partnership,” said AFRICOM on its official X account yesterday.

AFRICOM, however, did not name the “critical military” tools.

Nigeria’s Chief of Air Staff, Air Marshal Sunday Aneke, visited the U.S. to quicken the process for the supply of 12 AH-1Z fighter jets by Bell Textron of California.AH-1Z, a modern attack helicopter, is equipped with advanced sensors and precision-guided weapons with night-fighting capabilities.

The supply of the critical military tools came after Washington launched deadly strikes on terrorists in the Northwest on December 24.

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World Bank projects Nigeria’s urban population to reach 264m by 2050

According to the report entitled ‘Multi-sector analytical review and pathway to transformation’, Nigeria’s urban population has grown exponentially over the last 65 years – from just under seven million in 1960 to over 128 million in 2024, with nearly half the urban population living in slums.

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• Lagos Business District

The World Bank says that people living in Nigerian cities will over the next 25 years reach 264 million from the current 140.3 million people.

The Bank made the projection in its Global Economic Prospects report, released yesterday, also forecasts that the Nigerian economy will grow by 4.4 percent in 2026 and maintain that pace in 2027.

In the report, Nigeria is expected to be the third most populous country in the world, after China and India

According to the report entitled ‘Multi-sector analytical review and pathway to transformation’, Nigeria’s urban population has grown exponentially over the last 65 years – from just under seven million in 1960 to over 128 million in 2024, with nearly half the urban population living in slums.

It is projected that 70 percent of the population will live in urban areas by 2050, with cities at the centre of the country’s economic future.

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