Business
My daughter excited I’ll see Burna Boy, Rema In Nigeria — Bill Gates
The youngest daughter of American business mogul, Bill Gates, known as Phoebe said she is excited that her dad would see Nigerian music stars – Burna Boy and Rema when he visit Nigeria with her Dad.
Recall that Gates and Aliko Dangote had visited President Bola Tinubu on Monday, as part of the Gates Foundation’s commitment to working closely with communities and leaders to support innovation.
While delivering his opening address at an event in Lagos State, Bill Gates made the revelation disclosing Phoebe’s gladness over his visit to Nigeria and the possibility of meeting Afrobeats stars such as Burna Boy and Rema.
He said: “When my daughter Phoebe heard I was coming to Nigeria, she said, “You’re lucky because you get to see Burna Boy and Rema, so I had to look them up…because I’m so ‘hip’. But I remember the last time I was here, I got to see Davido & Wizkid perform,”.
Gates said Nigeria is filled with creative minds and Afrobeats from Nigeria are popular everywhere.
“Of course, being here in Nigeria, I can’t help but mention the amazing creativity that goes on here.
“Afrobeats from Nigeria are popular everywhere. When my daughter Phoebe heard I was coming to Nigeria, she said, ‘You’re lucky to go see Burna Boy and Rema,” he said.
He further recalled his last visit to Nigeria seeing Davido and Wizkid perform.
“But I also remember, the last time I was here, I did get to see Davido and Wizkid perform and I was quite impressed with that. So, my kids think I’ve come to a very hip place,” he added.
Business
12-years after, US clears Nigerian vessels to land at its ports
Oyetola said that removal of the restriction by the USCG followed years of effort by Nigeria to meet international maritime security standards, particularly through the Nigerian Maritime Administration and Safety Agency (NIMASA).
The Minister of Marine and Blue Economy, Adegboyega Oyetola, announced that the United States Coast Guard (USCG) has removed the Condition of Entry (CoE) imposed on Nigerian vessels from docking at its ports.
The CoE was first imposed in June 2014. Under the restriction, any vessel that had docked at designated Nigerian ports within its previous five port calls was required to meet additional security and documentation requirements before entering US waters.
Oyetola said that removal of the restriction by the USCG followed years of effort by Nigeria to meet international maritime security standards, particularly through the Nigerian Maritime Administration and Safety Agency (NIMASA).
The removal means those extra requirements no longer apply.Four USCG assessments between 2024 and 2026
He pointed to the country’s compliance with the International Ship and Port Facility Security (ISPS) Code as central to the case presented to US authorities.
The USCG carried out four separate assessments of Nigeria’s ports and maritime security framework between March 2024 and April 2026.
The inspections took place in March 2024, April 2024, March 2025 and April 2026. The government said each review recorded measurable progress.
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Business
Oyede Tasks States To Look Beyond Federal Allocations For Economic Growth
Nigeria must move from an allocation dependent economy to one driven by production, investment and job creation,
The Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele, has said federal allocations alone cannot guarantee prosperity for states, urging them to develop sustainable sources of revenue and drive economic growth.
The Minister gave the advice during the 2026 National Council on Finance and Economic Development (NACOFED) conference in Owerri, Imo State, yesterday.
Oyedele emphasised the need for states to look beyond federal allocations and develop their productive capacities to achieve sustainable economic development.
He called for stronger fiscal federalism, improved revenue generation and economic diversification to strengthen Nigeria’s resilience to economic shocks.
“Nigeria must move from an allocation dependent economy to one driven by production, investment and job creation,” he stated.
According to him, recent economic reforms , including the removal of fuel subsidy and the unification of the foreign exchange market, have increased tremendously the revenue available for distribution through the federation account.
He said monthly federation account allocation, which was between N300 billion and N600 billion before 2023, is now above N2 trillion.
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