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Our wealth overestimated, Nigeria a very poor country –Presidency

The Presidency says the wealth of the country is overestimated, describing Nigeria as a “very poor” country.
Special Adviser on Information and Strategy to the President, Bayo Onanuga, said this on Monday in an interview on Arise Television.
He said Nigeria is still a very poor country considering its low per capita income, compared to other African nations.
“Nigeria is a very very poor country, to be honest. I think our wealth is overestimated,” he said.
On the state of Nigeria’s economy and the administration’s efforts to ensure stability, the presidential aide said, “I think we have a poor estimation of the wealth of the country, we are a very poor country.”
According to him, with the removal of subsidies on petrol and the unification of the exchange rate, the administration “is hoping that the pressure on our finances will reduce.”
Meanwhile, Onanuga debunked claims that the Tinubu-led government still owes emoluments to its federal workers.
“The office of the AGF has said there is a challenge with the platform being used to disburse the salaries.
“According to a briefing I got this morning, yes, salaries were delayed, but all federal workers have been paid,” he added.
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UPDATE: LASEMA Promises Swift Action Following Ebute Meta Building Collapse

Lagos State Emergency Management Agency (LASEMA) has reaffirmed its dedication to protecting lives and property following the recent building collapse in Ebute Meta.
At the site on Monday evening, LASEMA’s Permanent Secretary, Dr. Olufemi Oke-Osanyintolu, announced that a thorough investigation is underway to determine the cause of the collapse. The probe will include material testing and other technical assessments by relevant authorities.
“Our top priority is safeguarding lives, and we are committed to preventing similar incidents in the future,” Oke-Osanyintolu stated. “We have mobilized all necessary agencies for a comprehensive investigation.”
He urged residents to support government efforts by complying with building regulations and reporting unsafe structures, emphasizing that enforcement requires community cooperation.
Regarding casualties, Oke-Osanyintolu said the numbers are still being confirmed. So far, six people have been rescued alive, while four have been confirmed dead. Emergency teams remain on site, conducting rescue operations with caution and professionalism.
Heavy-duty equipment has been deployed, and efforts have continued nonstop since the collapse on Friday evening.
The Permanent Secretary stressed that Governor Babajide Sanwo-Olu’s administration is committed to enforcing building codes strictly but called on residents to adhere to approved standards for their safety.
“We urge everyone to stay calm and allow rescue teams to work without disruption,” he added.
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JUST IN: Chief Imam of Owo dies at 91

The Chief Imam of Owo and Chairman of the Ondo State League of Imams and Alfas, Sheikh Ahmad Aladesawe, has passed away at the age of 91.
Kamorudeen Ishola, a Muslim leader in Owo, confirmed on Tuesday that Sheikh Aladesawe died Monday evening at the Federal Medical Centre in Owo, Ondo State.
Described as a respected Islamic scholar and community leader, the late Imam dedicated his life to advancing Islam in Nigeria.
His funeral is scheduled to take place in his hometown of Owo at 2 p.m. on Tuesday, following Islamic rites.
“May Allah accept his good deeds, forgive his shortcomings, and grant him Jannatul Firdaus,” Ishola prayed.
Before his death, Sheikh Aladesawe served as Secretary General of Imams and Alfas in the South West, Edo, and Delta States, earning widespread respect for his efforts in promoting Islamic growth and peace within Ondo State and neighboring regions.
Prayers continue for his soul to rest in eternal peace.
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FG Set to Relocate Cattle from Abuja to Grazing Reserves

The Federal Government is working with key stakeholders to fast-track the relocation of cattle grazing in Abuja’s city center to designated grazing reserves.
Dr. Idi Maiha, Minister of Livestock Development, announced this on Tuesday during the 2025 Media Retreat in Kaduna, themed “Driving Livestock Growth through Strategic Communication.”
Maiha also revealed plans to launch a national peace campaign in the coming weeks aimed at resolving farmer-herder conflicts across Nigeria.
“In a few weeks, the ministry will begin a national peace campaign to foster lasting peace between farmers, herders, organized groups, and communities nationwide,” he said.
He added that the ministry recently held a productive meeting with the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) to discuss relocating cattle currently roaming Abuja’s city center to grazing reserves.
“We need peace. We must give ourselves peace,” Maiha emphasized.
Cattle wandering in the nation’s capital have sparked frustration among residents.
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