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Creatives Seek $326M FG Support to Boost Sector

Over $326M Requested as FG Opens Creative Fund In just 30 days since applications opened, 1,230 businesses and creatives have applied for funding under Nigeria’s new Creative Economy Development Fund (CEDF) , requesting a total of $326 million . The fund, launched by the Federal Ministry of Arts, Culture, Tourism, and Creative Economy (FMACTCE) , aims to support innovation, job creation, and economic diversification across Nigeria’s creative sector. Applicants include both creative and non-creative businesses , showing strong interest in the program. Of those who applied: 71% requested grants 11% chose debt financing 7% opted for equity investment This early surge highlights the high demand for structured financial support among Nigeria’s creative entrepreneurs. Government Launches First Phase of CEDF The Federal Executive Council (FEC) recently approved the first phase of the Creative Economy Development Fund , marking a major step […]

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Nigeria’s Oil Grades Near $80 as Israel-Iran Tensions Escalate

Nigerian Oil Hits Near-$80 Mark Amid Middle East Tensions Nigeria’s main crude oil grades—Bonny Light and Escravos Light —are now trading close to the key $80 per barrel level. This rise follows growing fears over a potential escalation in the conflict between Israel and Iran . On Friday, Brent crude futures surged nearly 8% , fueled by concerns about regional instability after Iran vowed to retaliate for recent attacks by Israel. This market movement has directly affected Nigerian crude, with both Brass River and Qua Iboe nearing the $80 mark. According to data from OilPrice.com , Brass River is currently trading at $77.09/barrel , up $5.24 (7.29%) , while Qua Iboe stands at $77.14/barrel , also up $5.24 (7.29%) . Though this price jump offers some relief to Nigeria’s strained budget, it highlights how vulnerable the country remains to global […]

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Peter Obi Drops Bombshell, Claims Tinubu Borrowed More Than 3 Presidents Combined

Peter Obi Slams Tinubu Over Democracy, Borrowing Habits Peter Obi, the Labour Party’s 2023 presidential candidate, has accused President Bola Ahmed Tinubu of weakening Nigeria’s democracy and taking the country into economic decline since assuming office two years ago. Obi made the remarks during Democracy Day celebrations on Thursday, June 12, criticizing Tinubu’s leadership and calling for urgent reforms. “After a close look at this administration, it’s clear that many things are not working as they should,” Obi stated. He also claimed that Tinubu’s government has borrowed more money than the last three Nigerian presidents combined—a shocking accusation that has sparked widespread debate. Democracy in Recession Under Tinubu – Obi In his statement, Obi argued that Nigeria’s democratic institutions have weakened under Tinubu’s leadership. “The system is in recession—not just economically, but politically and institutionally,” he said. Obi pointed to […]

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Nigeria Must Take Gradual Approach to Electronic Voting – Former INEC Boss Jega

Jega Urges Caution on Electronic Voting Rollout Professor Attahiru Jega , former Chairman of the Independent National Electoral Commission (INEC) , has called for a gradual rollout of electronic voting in Nigeria , citing infrastructural and cybersecurity limitations. He made this known during a panel session at the June 12 edition of The Platform Africa , monitored by News.ng. “We should adopt e-voting—but not overnight,” he said.“It’s not something that can happen suddenly.” Jega urged policymakers to evaluate Nigeria’s readiness before pushing full-scale implementation of electronic voting systems. Why Nigeria Isn’t Ready for Full E-Voting Yet One of the main obstacles to electronic voting in Nigeria is inadequate technological infrastructure , especially in rural areas. Jega highlighted how countries like Estonia and India manage their electoral tech better than Nigeria—despite being more advanced. “In Estonia, they use internet voting because […]

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President Tinubu’s Democracy Day 2025 Address: Unity, Economic Growth, and Rejection of One-Party Rule

Tinubu Delivers Democracy Day 2025 Address Before National Assembly On June 12, 2025 , President Bola Ahmed Tinubu addressed a joint session of the National Assembly in Abuja to mark Democracy Day , celebrating the resilience of Nigeria’s democratic values and institutions. The event honored the legacy of Chief Moshood Kashimawo Olawale Abiola , whose June 12 election victory in 1993 was officially recognized by the government under Tinubu’s leadership. “Today, as I entered this grand edifice built from the sweat and toil of our democratic yearning, my heart stirred with pride and resolve.” A Tribute to Democratic Heroes In his speech, Tinubu paid homage to democracy icons who sacrificed their lives for the cause: Alhaja Kudirat Abiola Pa Alfred Rewane Anthony Enahoro Gani Fawehinmi Dan Suleiman Abraham Adesanya Ayo Adebanjo Balarabe Musa Ganiyu Dawodu Bagauda Kaltho Commodore Ndubuisi Kanu […]

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Tinubu Urged To Enforce Direct LGA Funding As Delay Undermines Grassroots Development

APC Youth Leader Calls on Tinubu to Act on LGA Funding A prominent All Progressives Congress (APC) youth leader based in Dubai , Sadiq Saleh Osude , has called on President Bola Tinubu to act decisively and implement the Supreme Court’s 2024 ruling that grants local government councils full financial autonomy . Osude made the call in a statement issued on Wednesday, warning that the current delay in enforcing direct LGA funding is hurting rural communities and undermining the administration’s Renewed Hope Agenda . “The courts have spoken. The Constitution is clear. The people are waiting. What remains is for the President to give the green light to the CBN to begin direct crediting of local government accounts.” He added: “Any further delay is not just administrative — it is a denial of development to millions in rural Nigeria.” Why […]

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Flavours of Nigeria Festival Returns With ‘A Cultural Voyage’ in Canada

Nigerian Culture Set for Grand Celebration in Canada The Flavours of Nigeria Festival is back with its second edition , set to take place on August 9, 2025 , at Gage Park in Brampton, Ontario . This year’s event, themed “A Cultural Voyage,” promises a rich celebration of Nigerian cuisine, music, fashion, folklore, and traditions —bringing together thousands of attendees for a full day of immersive cultural experience . Festival Curator Chukwuebuka Anyaduba announced the event during a press briefing in Abuja, describing it as more than just a festival: “This is a journey into the soul of Nigeria—through our food, stories, music, and artistry.” What to Expect at the 2025 Flavours of Nigeria Festival The 2025 edition will feature a diverse lineup of cultural and creative experiences, including: 🍽️ Naija Brunch: Flavours & Royalty Inspired by Benin royalty, this […]

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Zamfara CSOs Hail Matawalle’s Education Reforms, Urge 2027 Comeback

CSOs Applaud Matawalle’s Impact on Zamfara’s Education Sector A coalition of 14 civil society organizations (CSOs) in Zamfara State has publicly commended the state’s current Minister of State for Defence, Bello Matawalle , for his transformative impact on the education sector during his time as governor between 2019 and 2023 . In a strongly worded statement issued on Tuesday and led by Kamal Ibrahim Gusau , the group described Matawalle’s interventions as a “monumental transformation” that brought hope to thousands of students and families. “Matawalle revived a sector that had long been in decline,” the CSO leaders said. Education Funding Boosts Infrastructure Development One major highlight of Matawalle’s administration was the timely release of counterpart funds to the Universal Basic Education Commission (UBEC) . This unlocked a ₦5.5 billion matching grant , which funded critical infrastructure upgrades across the state. […]

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JUST-IN: Tinubu Cancels Democracy Day Broadcast, To Address Nigerians From NASS

Tinubu Shifts Democracy Day Address to National Assembly Floor In a last-minute change, President Bola Ahmed Tinubu has cancelled his planned Democracy Day national broadcast , opting instead to deliver his speech before a joint session of the National Assembly on Thursday, June 12, 2025 —marking Nigeria’s 26th Democracy Day . The update was confirmed by Segun Imohiosen , Director of Information and Public Relations at the Office of the Secretary to the Government of the Federation (SGF), in a statement released on Wednesday. “Due to H.E. President Bola Ahmed Tinubu’s scheduled attendance at the National Assembly Joint Session, the Presidential National Broadcast on June 12 has been cancelled.” This marks a rare shift from the usual televised broadcast, reflecting a more institutional and legislative-centered commemoration of Nigeria’s democratic milestones. Democracy Day Events Still Proceeding as Planned Despite the cancellation […]

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ICT Firm Launches iShot-It App To Combat Fake News and Reward Content Creators

New App Aims To Fight Fake News and Empower Content Creators A Nigerian tech startup, iShot-It App Integrated , has launched an innovative mobile application aimed at tackling fake news and misinformation —while also rewarding users who create original content. The app was officially unveiled at a launch event in Abuja on Tuesday , where founder JohnBull N. Igwe described it as a game-changer for digital credibility and citizen journalism. “Fake news and misinformation are twin problems that have caused serious reputational damage in our digital space,” Igwe said.“With iShot-It, we’re giving people a tool to own their truth and share verified stories.” How iShot-It Works At its core, the iShot-It app captures photos and videos with built-in geolocation data, date, and time stamps . This creates a digital seal of authenticity that cannot be altered or forged. This feature […]

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