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OLABODE AGUSTO – Farewell To an Illustrious Son of Lagos State

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Former Governor of Lagos State, his Excellency, AKINWUNMI AMBODE, FCA, has expressed profound sadness concerning the demise of Mubasheer Olabode Agusto, who served as an Adviser (Budget Matters) to President Olusegun Obasanjo during his second term in office.

His statement reads:

I am deeply saddened by the passing of Bode Agusto, an outstanding accountant, banker, mentor and a true icon of Lagos State. His legacy as an eminent citizen of Lagos State and a distinguished Nigerian who was unrepentantly committed to our nation’s economic development will forever be etched in the annals of our history.

Bode Agusto was not only a financial maestro but also a dedicated public servant, who contributed significantly to the development of Lagos State and Nigeria. His contributions to the fields of accounting, finance and economics were quite remarkable and he played a pivotal role in shaping our nation’s economic policies. His track record in the private sector and public service earned him the national award of the Order of the Federal Republic (OFR).

As Lagos State Governor in January 2017, I’d determined that Lagos State had reached a point where we needed to bring independent perspectives from the private sector to work with the government to jointly plan the future economy of Lagos State and re-engineer its business environment for global competitiveness and enhance opportunities for our people. I consequently set up the Lagos State Economic Advisory Committee, a 12-member private sector-dominated advisory body that comprised some of the best brains in our country and, in determining the chairmanship of the strategic committee, I turned to no other person than the late Bode Agusto and he graciously accepted unconditionally.

The Committee served out their assignment meritoriously without demanding financial compensation for themselves. Such was the patriotism and selflessness that defined the man Bode Agusto.

Lagos State and Nigeria has lost a true luminary and trail blazer. As we mourn his exit, I extend my deepest condolences to the Governor of Lagos State, his family, loved ones, professional colleagues and the entire people of Lagos State. Let us honor his memory by continuing his legacy of service, dedication and excellence.

Mr. Agusto has played his part in nation building and will forever live in our hearts. May his memory be a blessing that continues to inspire us to work collectively for the advancement of our nation.

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Massive Gridlock: FG reopens Independence Bridge in Lagos

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The Minister of Works, Senator David Umahi, has directed the immediate reopening of the Independence Bridge in Lagos to vehicular traffic.

The Federal Controller of Works in Lagos, Mrs. Olukorede Kesha, had earlier stated that the closure was for planned maintenance and rehabilitation.

She expressed regret for the inconvenience caused and appealed for public understanding.

The Federal Ministry of Works has clarified that necessary repairs on the bridge would be carried out at a later date.

The new instruction to reopen the bridge is ostensibly as a result of the gridlock caused by the closure which resulted in outcry by commuters since its closure on Tuesday, April 1.

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JUST IN: President Tinubu to Embark on Working Visit to Paris

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President Bola Ahmed Tinubu will depart for Paris, France, today on a short working visit.

This information was stated in a press release today, April 2, 2025 by Bayo Onanuga, the Special Adviser to the President on Information & Strategy.

Onanuga said during the President’s visit, he will appraise his administration’s mid-term performance and assess key milestones.

“He will also use the retreat to review the progress of ongoing reforms and engage in strategic planning ahead of his administration’s second anniversary”.

“This period of reflection will inform plans to deepen ongoing reforms and accelerate national development priorities in the coming year”.

“Recent economic strides reinforce the President’s commitment to these efforts, as evidenced by the Central Bank of Nigeria reporting a significant increase in net foreign exchange reserves to $23.11 billion—a testament to the administration’s fiscal reforms since 2023 when net reserves were $3.99 billion”.

“While away, President Tinubu will remain fully engaged with his team and continue to oversee governance activities. He will return to Nigeria in about a fortnight, the statement reads.

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Algiers-Abuja direct flights begin April 6

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The Ministry of Foreign Affairs on Wednesday, announced the launch of Air Algérie’s inaugural direct flight service from Algiers to Abuja, set to begin on April 6, 2025.

This is said to strengthen the diplomatic and economic ties between Nigeria and Algeria.

According to a statement signed by the Acting Spokesperson for the Ministry, Kimiebi Ebienfa, the new route, which is the result of the Bilateral Air Services Agreement between the two countries, will be operated by the national carrier, Air Algérie, using a Boeing 737 aircraft.

This new service is expected to boost connectivity, encourage tourism, and facilitate trade and investment between Nigeria and Algeria.

“The Ministry of Foreign Affairs is pleased to announce the commencement of Air Algerie’s inaugural direct flight service from Algiers to Abuja, scheduled for 6th April 2025.

“This historic development marks a significant milestone in the growing diplomatic and economic relations between Nigeria and Algeria.

“It is pertinent to state that it is the implementation of the Bilateral Air Services Agreement between both countries, which culminated in this successful venture,” the statement read in part.

The inaugural flight is expected to carry the Charge d’Affaires of the Nigerian Embassy in Algiers, Nigerian community leaders, and representatives from the Algerian government.

The Federal Government has extended congratulations to Air Algérie and offered its full support to ensure the success of the new service.

With affordable fares and Algeria’s proximity to Europe, the flight also offers Nigerians a convenient gateway to Europe, enhancing Nigeria’s position as a regional hub for business, tourism, and transit.

The statement added, “The Federal Government of Nigeria, through the Ministry of Foreign Affairs and relevant aviation authorities, extends its warm congratulations to Air Algerie and assures all necessary support to ensure the success and sustainability of this new service.

“We believe this initiative will further strengthen the longstanding friendship between Nigeria and Algeria, while opening new opportunities for mutual growth.

“The affordable fare structure and the proximity of Algeria to Europe would also provide Nigerians with a convenient gateway to Europe, thereby enhancing Nigeria’s position as a regional hub for business, tourism, and transit.”

The ministry encouraged citizens and businesses to take advantage of this new connectivity to explore opportunities for trade, tourism and cultural exchanges between the two nations.

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