News
Kogi Targets N 1 Billion Revenue from Signage by 2026
The Kogi State Government has set an ambitious target of generating one billion naira in revenue from signage and advertisement by 2026, as part of its broader strategy to boost the state’s Internally Generated Revenue (IGR) and reduce dependence on federal allocations.
This was disclosed by the State Commissioner for Information and Communications, Hon. Kingsley Femi Fanwo, during a management meeting with heads of agencies under the ministry in Lokoja.
Fanwo described the appointment of Mr. Richard Osaseyi as the General Manager of the Kogi State Signage and Advertising Agency as “a masterstroke,” noting that it would reposition the agency for greater efficiency and impact.
“Kogi has no business depending solely on federal allocations if we are able to harness internal revenue opportunities effectively.
Signage and advertisement can generate over a billion naira for the state by 2026,” Fanwo said.
“This is why we are gathered here to brainstorm on the prospects and challenges. Revenue generation is top on the agenda of the Ododo Administration as we aim to fund infrastructure and development from within.
”Fanwo further emphasized that Governor Ododo has successfully “separated revenue from politics,” allowing professionals to drive economic initiatives without interference.
In his remarks, Mr. Richard Osaseyi outlined strategies already being implemented to reposition the agency and boost revenue.
He revealed that many large corporate advertisers in the state had been underpaying in the past, but that the agency is now engaging with them diplomatically to correct the imbalance.
“With our new approach, we’re already seeing positive responses,” Osaseyi said. “The agency is poised to become a major contributor to the state’s IGR, and we will intensify public sensitization to build trust and cooperation.
”The Permanent Secretary of the Ministry, Mr. Ebenezer Adurodija, also commended the agency’s readiness and pledged the ministry’s continued support to ensure the success of the initiative.
Meanwhile, in a related development, Commissioner Fanwo inaugurated a Ministerial Committee to begin work on the launch of Project Confluence of Opportunities, an initiative aimed at projecting Kogi’s vast economic and tourism potential to both local and global investors.
“Kogi is one of the most richly endowed states in Nigeria — geographically, historically, and naturally,” Fanwo said.
“From the Confluence of Rivers Niger and Benue to Mount Patti and our rich mineral resources, Kogi has everything to become a top investment and tourism destination.
“Project Confluence of Opportunities is our bold step to tell the world that Kogi is open for business. Our mandate goes beyond informing our people — we are also here to tell our story to the world in a way that attracts value.
”The initiatives form part of the Ododo Administration’s broader blueprint to reposition Kogi as a self-reliant, investor-friendly state and a model of good governance in Nigeria.
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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