News
President Tinubu Appoints Ayo Sotinrin as Managing Director of the Bank of Agriculture
President Bola Ahmed Tinubu has appointed Mr. Ayo Sotinrin as the new Managing Director of the Bank of Agriculture, effective immediately.
Mr. Sotinrin brings a diverse and extensive background in the private and public sectors to his new role.
Before his appointment, he held the position of Group Chief Executive Officer at SAO Group. His leadership at SAO Agro, an agribusiness company, was marked by groundbreaking agricultural initiatives, including developing a 20,000-hectare oil palm plantation and large-scale poultry, aquaculture, maize, and cassava operations in Ondo State.
He also led SAO Capital, raising over $750 million in infrastructure and development finance, including the landmark $200 million Akure Water Supply Project.
In the public sector, he served as Special Adviser (Environment & Urban Development) to the Minister of State FCT from 2011 to 2015.
He has consulted extensively for global development partners such as the World Bank, AfDB, DFID, and USAID and played key advisory roles on federal and state-level projects. His international background includes roles at the Royal Bank of Scotland International, Deutsche Bank, and the UK Environment Agency.
Mr. Sotinrin holds an Executive MBA from Said Business School, Oxford University; an Advanced Diploma in Environmental Conservation; and a Master’s in Engineering Business Management from Warwick University.
Mr Sotinrin’s appointment aligns with the Tinubu administration’s strategy to revitalise Nigeria’s agricultural sector.
“Mr Sotinrin’s proven ability to mobilise capital, innovate in agribusiness, and collaborate across sectors will be instrumental in repositioning the Bank of Agriculture as a catalyst for food security, sovereignty and rural prosperity”, President Tinubu emphasised.
News
Sanwo-Olu hails Kolade-Otitoju on TVC’s appointment as News Director,
Kolade-Otitoju, … an award-winning journalist and seasoned media professional with over 30 years of experience in the sector, has what it takes to deliver effectively in his new assignment.
The Governor of Lagos State, Babajide Sanwo-Olu, has congratulated renowned and award-winning journalist Babajide Kolade-Otitoju on his appointment as the Director of News at Television Continental (TVC).
He described it as deserving considering his experience, commitment, and long years of service in the media, particularly at TVC.
Governor Sanwo-Olu, in a statement issued on Friday by his Special Adviser on Media and Publicity, Gboyega Akosile, said Kolade-Otitoju, as an award-winning journalist and seasoned media professional with over 30 years of experience in the sector, has what it takes to deliver effectively in his new assignment.
News
US stops Nigerians, others from applying for green card, citizenship
CBS News reported on Thursday that the directive was because of national security concerns and an ongoing review of immigration vetting processes.
The Donald Trump’s administration has directed the US Citizenship and Immigration Services (USCIS) to suspend green card and citizenship applications filed by Nigerians and nationals of other countries newly added to the expanded US “travel ban.”
CBS News reported on Thursday that the directive was because of national security concerns and an ongoing review of immigration vetting processes.
This follows a proclamation signed by President Donald Trump on Tuesday, further restricting entry into the United States for nationals from countries deemed high-risk due to what it described as “demonstrated, persistent, and severe deficiencies in screening, vetting, and information-sharing” that threaten US national security and public safety.
Among the 15 additional countries newly subjected to partial restrictions is Nigeria.
Trump had earlier, on October 31, declared Nigeria a “country of particular concern” following allegations of a Christian genocide in the country.
News
Tinubu’s 2026 Budget: Discipline as Doctrine, Bold Security Stance, Defense as Top Priority
By SUNDAY DARE
In a landmark address to a joint session of the National Assembly on December 19, President Bola Ahmed Tinubu presented the 2026 Appropriation Bill, titled the “Budget of Consolidation, Renewed Resilience and Shared Prosperity.”
The ₦58.18 trillion proposal marks a pivotal shift in Nigeria’s fiscal strategy, emphasizing strict fiscal discipline, decisive action against insecurity, and a clear prioritization of national defense amid ongoing economic reforms.
Analysts describe the speech as a doctrinal reset for governance, where discipline emerges as the core doctrine, boldness serves as a political and policy signal, and security stands as the unchallenged foundation of the administration’s agenda.
Discipline As Doctrine: A Commitment to Fiscal RigorPresident Tinubu underscored that “the greatest budget is not the one we announce—it is the one we deliver.”
He pledged 2026 as a year of “stronger discipline in budget execution,” directing ministries, departments, and agencies (MDAs) to eliminate leakages through full digitization of revenue processes and strict adherence to timelines.
This doctrine extends to Government-Owned Enterprises (GOEs), with warnings against underperformance and inefficiencies. Revenue mobilization will prioritize transparency and compliance, particularly in the oil and gas sector.
The budget’s realistic parameters—crude oil benchmark at $64.85 per barrel, production at 1.84 million barrels per day, and exchange rate at ₦1,400 to the dollar—reflect prudence amid global uncertainties.
With a projected deficit of ₦23.85 trillion (4.28% of GDP), recurrent non-debt expenditure at ₦15.25 trillion, and capital expenditure at ₦26.08 trillion, the administration signals an end to wasteful spending.
As Tinubu stated, “We will spend with purpose, manage debt with discipline.”
Boldness As Signal: Tough Stance on Security and AccountabilityThe speech’s boldest element was a new security doctrine: any armed group operating outside state authority—bandits, kidnappers, militias, or violent cults—will be designated as terrorists, along with their sponsors, including politicians, traditional rulers, or community leaders who facilitate violence.
This declaration removes ambiguity and ethnic cover from non-state actors, signaling zero tolerance for insecurity that has hampered investment and agriculture. It sends a clear message of accountability, narrowing discretion for security forces while widening consequences for enablers.
Boldness also shines in fiscal demands on GOEs and MDAs, with threats of consequences for revenue shortfalls.
Tinubu’s assurance that reforms are yielding results—GDP growth at 3.98% in Q3 2025, inflation down to 14.45% in November, and external reserves at a 7-year high of $47 billion—bolsters confidence in these tough measures.
Security As Core: Highest Allocation Reflects PrioritySecurity received the largest sectoral allocation at ₦5.41 trillion, underscoring its role as the bedrock of development. Tinubu described it as “the foundation of development,” linking it to infrastructure (₦3.56 trillion), education (₦3.52 trillion), and health (₦2.48 trillion).
The budget strengthens military and paramilitary capabilities, peacebuilding, and a “holistic reset” of the security architecture. Without security, the President argued, investment, productivity, and human capital development cannot thrive.Other priorities include human capital (expanding student loans and healthcare access) and agriculture (mechanization, irrigation, and value chains to reduce post-harvest losses).
As the National Assembly begins scrutiny of the bill, President Tinubu’s speech positions the 2026 budget not merely as a fiscal document, but as a governance blueprint for a more accountable, secure, and prosperous Nigeria.
The emphasis on delivery over announcement sets a high bar for implementation in the year ahead.
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