News
SPECIAL REPORT: The Return of GC Musa and the Challenges Ahead
By Yusuf Danjuma Yunusa
On Friday, 24th October, 2025, the President announced sweeping changes in the military hierarchy.
A statement by the Special Adviser to the President on Media and Public Communication, Sunday Dare, named General Olufemi Oluyede as the new Chief of Defence Staff, replacing General Christopher Musa.
It added, “The new Chief of Army Staff is Major-General W. Shaibu; Air Vice Marshal S.K. Aneke is Chief of Air Staff; while Rear Admiral I. Abbas is the new Chief of Naval Staff. Chief of Defence Intelligence, Major-General E.A.P. Undiendeye, retains his position.”
The development came barely a week after an online media platform, Sahara Reporters, published a story alleging that some military officers plotted to remove President Tinubu.
Hence, the citizens summarily adjudged that General Christopher Musa was sacked on that note.
While on the other hand, Nigerians differ on his leadership role as the Chief of Defence Staff:
a. Some Nigerians are of the opinion that GC Musa did extremely well in the fight against insurgencies while serving as the CDS, stating that he intensified kinetic operations across multiple fronts, leading to the death of several high-value terrorist/bandit leaders.
b. Others opined that he performed poorly, citing the unending cases of terrorism and the reinforcement of its leaders who had been sent into exile previously.
In an extremely shocking wave, a month and some days after the relinquishment of GC Musa as the Chief of Defence Staff, news broke that he had been picked as Abubakar Badaru’s replacement, who had resigned as the Minister of Defence on health grounds.
Again, the public was thrown into another round of debate:
a. Who was sacked from office as CDS cannot be appointed as Minister for that same ministry.
b. GC Musa’s appointment is timely and meritorious.
The new Defence Minister was celebrated across all social media platforms by the latter group of Nigerians, while the other group expressed disbelief.
Well, the new Minister has assumed office and has started hitting the ground running from Friday, December 5, 2025.
However, a security analyst reached out to by this newspaper believed there is more to the going and coming of General Christopher, but which cannot be explained at the moment:
“Well, at this point, no one can really say much about the reason why he was sacked. If it was based on incompetence, then why is he back?” Mr. Yakubu said.
“Or could it be that he was sacked in order to prepare him for this current position?” our correspondent asked, and he replied, “No one can say.”
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The Challenges Ahead For GC Musa
Speaking further with the security expert, Yakubu Mohammed, he noted that although the new Defence Minister had stated that he cannot afford to fail Nigerians as they are expecting much, it is a no-brainer that Nigeria’s security issue is complex and dynamic—rooted in a deep interplay of historical grievances, economic marginalization, ethno-religious tensions, poor governance, and environmental pressures.
He mentioned that each of the factors listed above has its challenges, and as such, Nigerians are beginning to ponder how GC Musa will handle them.
Ultimately, Mr. Yakubu asserted that:
“The chief architect of those factors that birthed insecurity is CORRUPTION. If GC Musa can conquer the corruption that awaits him in the Defence Ministry, he might get it right.”
He continued, “Some of the key layers of corruption and systemic issues that can cripple effectiveness are obviously poor equipment, leaked intelligence, and poor leadership (from bought promotions) leading to battlefield losses and inability to secure territory. Emphasis on the leaked intelligence.”
When asked to shed more light on the emphasis about leaked intelligence, Mr. Yakubu categorically stated that selling operational intelligence to insurgents or criminal gangs for personal gain severely compromises missions and endangers lives, and that boils down to “operational failure.”
The security analyst also mentioned that GC Musa needs serious reforms in the ministry in order to prevail, but which will not be feasible if senior military and civilian officials within the establishment who are vested in the existing corrupt system, sabotaging reform efforts to protect their interests, are not stopped.
Most importantly, Mr. Yakubu recommended that for the success of GC Musa, the Minister of State for Defence, Bello Matawalle, must be sacked.
“That former governor of Zamfara State serving alongside GC Musa must go.”
“People like Bulama Bukarti and Aliyu Ibrahim Gebi should serve alongside General Christopher,” he added.
When asked what his reasons are for recommending the sacking of Bello Matawalle, the analyst, without mincing words, said that Matawalle is an associate of some of the bandit leaders.
“Right from the time he served as Zamfara State governor to now, he has repeatedly had connections with bandit leaders—questionable connections.”
“Such a personality in that ministry is capable of sabotaging efforts to combat those terrorists,” he added.
Mr. Yakubu conclusively ended the interview by asking our correspondent an intriguing question:
“Why haven’t the security operatives captured Turji—the bandit lord, yet?”
A question in which an answer truly aligns with his take on the minister.
The security expert also suggested that:
“The military’s inherent culture of secrecy can be used as a shield to block necessary civilian oversight and transparency initiatives.”
But added that it will be difficult if Matawalle continues to be in the structure.
Ultimately, as explained by the security expert, the new Defence Minister’s biggest battle may not be against external adversaries, but against the entrenched “institutional corruption” within the defence establishment itself. Success will depend less on military strategy and more on courageous governance, systemic reform, and ruthless integrity.
News
Report: Nigeria Records N166trn Public Debt
By Yusuf Danjuma Yunusa
The Debt Management Office (DMO) says Nigeria’s total public debt rose to N166.79 trillion as of June 30, 2026.
The DMO published the latest public debt portfolio report on Friday.
The figure represents a 9.4 percent or N14.39 trillion increase from the N152.4 trillion recorded at the end of June 2025.
It also represents an increase of N7.44 trillion or 4.7 percent compared with the N159.35 trillion recorded at the end of the first quarter (Q1) of 2026.
According to the latest report, the debt stock comprises N91.59 trillion in domestic debt, which accounts for 54.91 percent of the total debt stock, and N75.2 trillion in external debt, representing 45.09 percent.
The debt office said domestic debt increased by N11.04 trillion (13.7 percent) from N80.55 trillion recorded in June 2025.
The office said external debt also rose by N3.35 trillion (4.7 percent) from N71.85 trillion in the same period.
According to the DMO, the federal government accounted for N152.77 trillion of the total debt stock, comprising N86.99 trillion in domestic debt and N65.77 trillion in external debt.
On the other hand, states and the Federal Capital Territory (FCT) accounted for the remaining N14.01 trillion — N4.59 trillion in domestic debt and N9.42 trillion in external debt.
In dollar terms, the agency said Nigeria’s total public debt stood at $120.93 billion as of June 30, 2026 — up from $99.66 billion recorded in June 2025.
The DMO said the Central Bank of Nigeria (CBN) official exchange rate of N1,379 per dollar as of June 30 was used to convert the external debt to naira.
News
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
The Nigerian National Petroleum Company Limited (NNPC Ltd) has welcomed the $800 million Final Investment Decision (FID) on the Ima Gas Project, describing it as a landmark development that affirms the growing viability of Nigeria’s upstream gas sector.
The project, located offshore in OMLs 112 and 117 and developed by AMNI International in partnership with TotalEnergies, will produce about 300 million standard cubic feet of gas per day at peak. The output will supply critical feedgas to Nigeria LNG Limited in support of its Train 7 expansion, which will increase capacity at the Bonny Island plant from 22 million tons per annum to 30 Mtpa.
The FID was enabled by the Presidential Directives of 2024, which provided fiscal incentives for non-associated gas, streamlined contracting and lowered development costs. Ima is the fourth major gas project to reach FID under President Bola Ahmed Tinubu, after Iseni, Ubeta and HI.
Group Chief Executive Officer, NNPC Ltd., Engr. Bashir Bayo Ojulari described it as “a decisive vote of confidence in Nigeria’s gas sector and in the bold reforms” that have created competitive terms and a predictable investment environment.
NNPC Ltd. also commends the collaboration between AMNI, TotalEnergies and the Nigerian financial sector, saying the model of indigenous operator, international partner and domestic capital is a template for future developments.
In a statement signed by Andy Odeh Chief corporate communications officer of NNPC Ltd. reaffirms its commitment to work with government, regulators and industry partners to sustain investment momentum and deploy Nigeria’s gas resources for industrialisation, job creation and long-term prosperity.
News
At MAN AGM In Kano, Manufacturers Throng Dangote Pavilion Over ‘Peoples IPO’
Manufacturers under the aegis of the Manufacturers Association of Nigeria (MAN) thronged the Dangote Group’s pavilion at the exhibition to seek information and clarification on the ongoing Public Initial Public Offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals (DPRP).
The three-day Annual General Meeting (AGM) of the Kano-Jigawa Branch of the Manufacturers Association of Nigeria (MAN), the 54th in the series, ended on Thursday, with the Dangote Group’s representative hosting participants and engaging manufacturers who expressed keen interest in the ongoing Initial Public Offering (IPO) of the Dangote Refinery.
The Dangote Refinery Peoples’ IPO offers Nigerians and other eligible investors an opportunity to buy shares in the Dangote Petroleum Refinery and Petrochemicals, thereby becoming part-owners of one of Africa’s largest industrial projects and participating in its future growth.
The Dangote Refinery IPO runs from 14 September to 13 October 2026.
Dangote Industries Limited is one of the sponsors of the 54th MAN AGM.
Earlier, in his opening remarks, the Chairman of the Manufacturers Association of Nigeria (MAN), Sharada/Challawa Branch, Alhaji Nura S. Madugu, highlighted the mounting burden of multiple taxes, levies and charges on manufacturers, warning that the situation is increasing the cost of doing business and undermining the competitiveness of local industries.
Madugu urged the Kano State and Federal Governments to ease the tax burden on manufacturers and accelerate efforts to harmonise taxes and levies imposed on businesses.
He particularly decried the practice of double and multiple taxation, which he said continued to place additional financial pressure on manufacturers already grappling with high energy costs, inadequate infrastructure, expensive financing, insecurity, foreign exchange challenges and unfair competition from imported goods.
“We are especially concerned about instances of double and even multiple taxation, where the three tiers of government impose what is essentially the same levy under different names and different guises. This practice places our products at a serious disadvantage in their constant competition with imported goods, a disadvantage made worse by the high cost of alternative power supply and the volatility of the foreign exchange rate.
Madugu reminded the meeting of MAN’s enormous contribution to the society and provide employment to thousands of Nigerians, as well as participating actively in tax revenue generation for the country.
“We provide employment to thousands of Nigerians. We participate actively in tax revenue generation for the states and the federation through the deduction of Value Added Tax on our products, the remittance of Pay-As-You-Earn on behalf of our staff, and the payment of Withholding Tax, Education Tax, Tertiary Education Tax, Company Income Tax, and a whole host of other levies too numerous to mention individually. Beyond taxation, we also discharge our Corporate Social Responsibility diligently to the communities in which we operate.
“Even though what we receive in return remains modest, we continue, in strength and in good faith, to serve this nation and to hold up its economy. We do this because we believe in Nigeria and in Kano State. But it must be said plainly,” Madugu added.
In his remarks also, MAN Chairman, Bompai/Jigawa Branch, Mohammed Bello I. Umar, appreciated the association’s members for their resilience, commitment and continued investment in the Nigerian economy despite the difficult operating environment.
He pointed out that the meeting provides the members of the association with an opportunity to reflect on its activities, review the challenges confronting their businesses, acknowledge the progress they have made, and chart a stronger course for the future of manufacturing in the country.
However, he said, the members must acknowledge that manufacturing remains under serious pressure.
He highlighted that the high cost of energy, multiple taxes and levies, inadequate infrastructure, high financing costs, insecurity, foreign exchange challenges and unfair competition from imported goods continue to affect our competitiveness.
“One issue that requires our collective attention is the importation of contraband and substandard goods. These products undermine local manufacturers who invest heavily
“Reliable and affordable electricity remains one of the most important requirements for industrial development.
He however welcomed the ongoing electricity reforms and efforts by the Kano State Government and the State House of Assembly towards establishing a more effective electricity framework for the State.
He called for the swift implementation of reforms that will create a more reliable, competitive and affordable electricity market for industries.
He noted that manufacturers continue to provide employment, generate wealth, support local communities and contribute significantly to government revenue in production, employ Nigerians and comply with government regulations.
“We must therefore stand together and call for stronger enforcement at our borders and markets.
He urged the relevant government agencies to intensify the fight against smuggling, counterfeiting and the importation of goods that compete unfairly with locally
Report: Nigeria Records N166trn Public Debt
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
At MAN AGM In Kano, Manufacturers Throng Dangote Pavilion Over ‘Peoples IPO’
NLC President Ajaero: It Is Wrong to Negotiate Minimum Wage Without Minimum Pension
Prof Yusuf Adamu Delivers BUK’s 63rd Professorial Inaugural Lecture, Reflects on Medical Geography and Academic Legacy
Zamfara Varsity ASUU Threatens Warning Strike Over FG-ASUU Agreement, Promotion Arrears
Bello Sharada: A Great Writer, A Bookish Soul, Gone Too Soon
Kano Chemists Threaten Warning Strike Over Alleged PCN Pressure
Per Ishaq Samaila: “Waziri” for Strategy. “Mai Jama’a” for Service. One Man. One Mission. Ibrahim Kabir Masari
Court Ultimatum Forces FBI to Hand Over Tinubu’s Fraud Records to Judge—But Keeps Them Hidden from Public
Report: Nigeria Records N166trn Public Debt
NNPC Ltd Welcomes $800m Ima Gas Final Investment Decision
At MAN AGM In Kano, Manufacturers Throng Dangote Pavilion Over ‘Peoples IPO’
NLC President Ajaero: It Is Wrong to Negotiate Minimum Wage Without Minimum Pension
Prof Yusuf Adamu Delivers BUK’s 63rd Professorial Inaugural Lecture, Reflects on Medical Geography and Academic Legacy
Zamfara Varsity ASUU Threatens Warning Strike Over FG-ASUU Agreement, Promotion Arrears
Bello Sharada: A Great Writer, A Bookish Soul, Gone Too Soon
Kano Chemists Threaten Warning Strike Over Alleged PCN Pressure
Per Ishaq Samaila: “Waziri” for Strategy. “Mai Jama’a” for Service. One Man. One Mission. Ibrahim Kabir Masari
Court Ultimatum Forces FBI to Hand Over Tinubu’s Fraud Records to Judge—But Keeps Them Hidden from Public
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