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IMF: Dangote Refinery, Supportive Credit Facility, Can Accelerate Nigeria’s Economic Recovery Process

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Aliko Dangote

The International Monetary Fund (IMP) has noted that the non-oil sector of the Nigerian economy could be stronger, benefitting from its recent growth momentum, higher production from the new Dangote Refinery, and supportive credit policies.

In IMF’s Executive Board 2021 Article IV Consultation with Nigeria released recently, the global organisation added that Nigeria’s ratification of the African Continental Free Trade Agreement could also yield a positive boost to the non-oil sector while oil production could rebound, supported by the more generous terms of the Petroleum Industry Act.

According to the IMF, Nigeria exited the recession in the fourth quarter of 2020 and its output rose by 4.1 per cent (y-o-y) in the third quarter, with broad-based growth except for the oil sector, which is facing security and technical challenges.

While growth was projected at 3 per cent for 2021, it stated that headline inflation rose sharply during the pandemic, reaching a peak of 18.2 per cent year-on-year (y-o-y) in March 2021, but has since declined to 15.6 per cent in December.

The institution attributed this to the new harvest season and opening of land borders, although it noted that the reported unemployment rates (end 2020) have yet to come down. It, however, confirmed that more recent COVID-19 monthly surveys have shown that employment was back at its pre-pandemic level.

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“Despite the recovery in oil prices, the general government fiscal deficit is projected to widen in 2021 to 5.9 per cent of GDP, reflecting implicit fuel subsidies and higher security spending,” the Fund said. “Moreover, the consolidated government revenue-to-GDP ratio at 7.5 per cent remains among the lowest in the world.

“After registering a historic deficit in 2020, the current account improved in 2021, and gross FX reserves have improved, supported by the IMF’s SDR allocation and Eurobond placements in September 2021.

“Notwithstanding the authorities’ proactive approach to contain COVID-19 infection rates and fatalities and the recent growth improvement, socio-economic conditions remain a challenge. Levels of food insecurity have risen, and the poverty rate is estimated to have risen during the pandemic.”

The directors highlighted the urgency of fiscal consolidation to create policy space and reduce debt sustainability risks and called for significant domestic revenue mobilisation.

“They noted that exchange rate reforms should be accompanied by macroeconomic policies to contain inflation, structural reforms to improve transparency and governance, and clear communications regarding exchange rate policy.

“Directors considered it appropriate to maintain a supportive monetary policy in the near term, with continued vigilance against inflation and balance of payments risks. They encouraged the authorities to stand ready to adjust the monetary stance if inflationary pressures increase,” the consultation noted.

“Directors recommended strengthening the monetary operational framework over the medium term – focusing on the primacy of price stability – and scaling back the central bank’s quasi-fiscal operations. Directors welcomed the resilience of the banking sector and the planned expiration of pandemic-related support measures. They agreed that while the newly launched eNaira could help foster financial inclusion and improve the delivery of social assistance, close monitoring of associated risks will be important. They also encouraged further efforts to address deficiencies in the AML/CFT framework.

“Directors emphasised the need for bold reforms in the trade regime and agricultural sector, as well as investments, to promote diversification and job-rich growth and harness the gains from the African Continental Free Trade Agreement. Improvement in transparency and governance are also crucial for strengthening business confidence and public trust. Directors called for stronger efforts to improve the transparency of COVID-19 emergency spending,” the IMF added.

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2027: Former 44 Local Government Speakers During Ganduje’s Tenure, Malam Takai Endorse Senator Barau as Kano APC Gubernatorial Candidate

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The Deputy Senate President, Senator Barau I. Jibrin, has confirmed that a forum of former local government speakers in Kano State, who served during the tenure of former Governor Abdullahi Umar Ganduje, have formally endorsed him as the gubernatorial candidate of the All Progressives Congress (APC) for the 2027 elections.

Senator Barau disclosed this while receiving the delegation, led by Hon. Shuaibu Haruna Gamarya, Chairman of the forum, at his office in the National Assembly, Abuja. He described their visit as a demonstration of unity and commitment to the progress of Kano State.

According to Senator Barau, the delegation, comprising 32 former House Leaders, came with a clear and united message of support. He explained that the group not only declared total backing for President Bola Ahmed Tinubu’s second-term bid but also adopted him as the APC gubernatorial candidate for Kano in 2027.

Speaking on behalf of the group, Hon. Shuaibu Haruna Gamarya said the forum had overwhelming confidence in Senator Barau’s leadership. He described him as “a senator for all, who, irrespective of constituency, offers support for the well-being and development of Kano State and its people.” Gamarya added: “You are our gubernatorial candidate and governor come May 29, 2027, Insha Allah.”

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The forum’s Secretary, Hon. Usman Muazu Garin Malam, reaffirmed their grassroots commitment, stating: “We, the house leaders, hereby support President Tinubu’s second-term bid and endorse you as the sole APC gubernatorial candidate. All we need is your support, and we will mobilise the grassroots for you.”

Former Speaker of Tofa LGA, Hon. Shehu Halilu, highlighted Senator Barau’s developmental projects across communities. He said: “The bridge you built in our village is saving lives. Your interventions touch women, men, children, farmers, and teachers everywhere. This is why we want you as the next governor of Kano.”

Halilu subsequently moved a motion for the formal adoption of Senator Barau’s candidature for 2027. The motion was seconded by Hon. Sunusi Abdu, former leader of Garko LGA, who declared: “Anybody that is against you is an enemy of Kano and an enemy of APC. That person is also against President Tinubu.”

Alhaji Salihu Sagir Takai, coordinator of the Renewed Hope Initiative in Kano, also lent his voice to the endorsement. He urged party members and stakeholders to work together for APC’s victory in the state, saying: “Choosing Senator Barau as Governor is the best decision for Kano, and promoting his candidature is a duty for all lovers of our state.”

In his remarks, Senator Barau expressed gratitude to Almighty Allah and thanked the forum for their courage, unity, and unwavering belief in Kano’s future. He reminded them of the shared responsibility to restore Kano to its rightful place as a centre of commerce, education, industry, good governance, and social progress.

“With dedication, sincerity, and unity of purpose, we will build a stronger, safer, and more prosperous Kano,” Senator Barau said, praying for Allah’s guidance and success in the journey ahead.

 

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Kano Bans Unauthorized Hisbah Groups, Outlaws ‘Independent Hisbah Fisabilillahi’

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The Kano State Government has issued a sweeping executive order banning the formation and operation of any unauthorized Hisbah-like groups, particularly targeting a self-styled body known as the “Independent Hisbah Fisabilillahi.

 

The order, titled “Kano State Government (Prohibition of the Independent Hisbah Fisabilillahi) Order 2025,” was signed by Governor Abba Kabir Yusuf and publicly read by the Commissioner for Information and Internal Affairs, Comrade Ibrahim Abdullahi Waiya, during a press briefing

 

 

He said the executive order draws its authority from Section 5(2) of the 1999 Constitution of the Federal Republic of Nigeria (as amended), which vests executive powers in the state governor, including the responsibility to maintain public order and enforce state laws.

 

The Commissioner said government expressed deep concern over the emergence of individuals and groups who have been “undertaking recruitment, mobilization and organisation of persons into a body described as ‘Independent Hisbah Fisabilillahi’, without lawful authority and in contravention of the Laws of Kano State.”

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According to the order, Waiya added, such activities amount to the creation of “parallel, unauthorised enforcement structures within the State,” which the government deems “an unlawful act capable of disturbing the peace” and undermining the statutory functions of the Kano State Hisbah Board.

 

He maintained that the order unequivocally declares that “the formation of Independent Hisbah Fisabilillahi is unlawful and it is prohibited from operating or carrying out any activity in the state.”

Reinforcing the exclusive mandate of the Kano State Hisbah Board, the government emphasized that it “shall remain the sole legally recognized institution in the State” for coordinating Hisbah-related functions. Any impersonation of the Board’s authority, uniforms, symbols, or activities is now officially prohibited.

 

He pointed out that the order further directs all relevant security agencies including the Nigeria Police Force, Department of State Services, and Nigeria Security and Civil Defence Corps to investigate the organisers and sponsors of the outlawed group, halt all related activities, and take lawful measures to prevent any breach of peace.

 

In a stern warning to the public, Commissioner Waiya explained that “participation in, support for, or affiliation with the Independent Hisbah Fisabilillahi constitutes violation of the laws of Kano State.” Individuals who have already been recruited or approached for recruitment are urged to “disengage immediately and report to the nearest Security Agencies Division, Hisbah Office or Local Government Authority.”

 

According to him also, violators of the order face prosecution under applicable laws for offences including unlawful assembly, impersonation of lawful authorities, and the establishment of unauthorized enforcement groups. The term “Independent Hisbah Fisabilillahi” is broadly defined to include “any group, unit, committee, movement or body organised for the purpose of performing Hisbah-like enforcement functions outside the statutory Hisbah Board.”

 

“The executive order takes immediate effect and is to be gazetted by the Kano State Government Printer. Governor Abba Kabir Yusuf signed the order on December 8, 2025, marking a significant step in the state’s efforts to centralize religious enforcement under lawful authority and prevent the rise of parallel vigilante structures

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Supreme Court Nullifies Tinubu’s Pardon, Restores Maryam Sanda’s Death Sentence

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By Yusuf Danjuma Yunusa

 

Nigeria’s Supreme Court has set aside the presidential pardon granted by President Bola Ahmed Tinubu to Maryam Sanda, the Abuja woman convicted of killing her husband, Bilyaminu Bello, during a domestic dispute.

In 2020, the Federal Capital Territory High Court sentenced Sanda to death by hanging, a verdict later upheld by the Court of Appeal in Abuja.

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In contrast, President Tinubu had subsequently commuted the sentence to 12 years’ imprisonment on compassionate grounds.

However, in a narrow 4–1 judgment delivered on December 12, 2025, the Supreme Court restored the initial death sentence. The apex court dismissed Sanda’s final appeal, ruling that it lacked merit and failed to undermine the findings of the lower courts.

Reading the lead judgment, Justice Moore Adumein held that the prosecution had proved its case beyond reasonable doubt, establishing that Sanda unlawfully caused the death of her husband.

He described the presidential pardon as an inappropriate exercise of executive power, particularly because the clemency was issued while the appeal process in a homicide case was still ongoing.

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