News
Corps Members To Receive N77,000 Allowance
…as DG Unveils New Bus
Joel Ajayi
The Director General of National Youth Service Corps, Brigadier General YD Ahmed has assured Corps Members that the payment of their new monthly allowance of Seventy-Seven Thousand Naira would soon commence.
He stated this today in Abuja when he commissioned a 32-seater bus donated by Capital Express Insurance Company.
The Director General said the bus would ease the transportation challenges being experienced by Corps Members and some NYSC Staff within the FCT.
General Ahmed who said his administration places high priority on Corps welfare, added that arrangements for the payment of new Corps allowance have been concluded.
Speaking further, the Director General expressed appreciation to the Management of Capital Express Insurance for the kind gesture.
In his remarks, the Chief Executive Officer of Capital Express Insurance Company, Mr Matthew Ogwezhi said NYSC and his company have been in partnership for a while, and the donation was one of the benefits of the synergy as a support for the Scheme.
He promised that Capital Express Insurance would also consider other possible areas of assistance to the Scheme in year 2025.
News
Ogunlesi backs Tinubu reforms as FIRS chairman Adedeji highlights export-led economy
Joel Ajayi
After a high-level meeting with President Bola Tinubu in Abuja, Nigerian-born global investor Adebayo Ogunlesi expressed renewed confidence in the country’s economic reforms, indicating potential mega investments across energy, aviation, and port sectors.
He was joined in that optimism by Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), who stressed that the reforms were laying the groundwork for an export-driven economy.
Speaking to journalists after the closed-door meeting, Ogunlesi praised the sweeping policy changes under Tinubu’s administration, including the removal of subsidies, tax reforms, and the revival of a refinery already exporting aviation fuel.
“We had an excellent meeting where we discussed how to put Nigeria front and center for international investment. The President was very encouraging, and we shared useful suggestions on driving economic growth,” Ogunlesi said.
Although he declined to reveal specific details, Ogunlesi confirmed that his firm is actively investing in Nigeria and assessing new opportunities.
“Watch this space. Nigeria is not yet the most exciting investment destination, but that’s what we are working on,” he teased.
Pressed on the sectors of interest, Ogunlesi highlighted energy, gas, aviation, ports, and renewables. Drawing on his firm’s experience with LNG projects in Texas and Australia, he noted Nigeria’s massive untapped gas reserves.
On aviation, he acknowledged his reputation as “the guy who bought Gatwick Airport” and signaled interest in similar ventures locally.
He also admitted that one of his companies operates ports in Cotonou and Lomé but none in Nigeria, a point Tinubu reportedly challenged him on.
“He forgave me but said, ‘you have to bring port investment to Nigeria,’” Ogunlesi recounted with a smile.
International investor Hakeem Bello-Osagie, who was also present, underscored the importance of diaspora participation in Nigeria’s growth story.
“When Nigerians at home and abroad invest in Nigeria, it sends a strong signal to the world,” he said, lauding Tinubu’s policies for making the country “investable.”
Echoing the sentiment, FIRS chairman Adedeji described the reforms as the foundation for an export-led economy.
“We’ve done the fundamentals, and now it is time to deliver growth,” he said.
With global players signaling confidence, the momentum for Nigeria’s economic repositioning is gaining ground, setting the stage for transformative investments in key industries.
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