News
Fuel Crisis: BAVCCA Demands Answers from Tinubu’s Economic Team, Questions NNPCL’s $6 Billion Debt
The Bloggers and Vloggers, Content Creators Association of Nigeria (BAVCCA) has said it is shocking that Nigeria, a major crude oil-producing nation, finds itself in significant debt, particularly with the Nigerian National Petroleum Company Limited (NNPCL) reportedly owing over $6 billion to global suppliers.
BAVCCA in a press conference in Abuja … said it is alarmed by the continuous rise in fuel prices and the worsening economic situation across the country, noting that this current crisis is a direct result of the failure of those entrusted with managing Nigeria’s economy.
The group noted that there must be a clear and transparent explanation of how Nigeria’s oil revenues have been managed, adding that the current state of affairs suggests that funds have been misused or misallocated, and those responsible must be held accountable.
“While we commend President Bola Ahmed Tinubu for his genuine and consistent efforts to lead Nigeria to greatness, it is evident that his economic handlers are failing to support his vision.
The inability to effectively manage the country’s resources and finances is crippling the economy and placing an unbearable burden on Nigerians,” the statement noted.
The group noted those responsible for the reckless mismanagement of Nigeria’s resources and economy should be held accountable.
“We demand that those who have mismanaged NNPCL’s finances and plunged the nation into debt be thoroughly investigated and penalized for their actions.
“In addition, the policy of floating the Naira, which was expected to stabilize the currency and bring economic relief, has instead caused further depreciation of the Naira, leading to inflation and skyrocketing costs for essential goods and services.
The growing disparity between the official exchange rate and the black market is a testament to the poor management of the economy by the President’s economic team.
“The President must reconsider the composition of his economic management team. Nigeria needs capable, forward-thinking professionals who can implement sound policies to stabilize the Naira, reduce inflation, and restore public confidence in the economy
News
Eagle Times Newspaper Will Be Voice for Nigerians – Publisher Chukwunyere Vows
Joel Ajayi
The Publisher of The Eagle Times Nigeria, Sir Ikechukwu Chukwunyere, has pledged that the newspaper will promote accountability, credible journalism and public-interest reporting in its coverage of national affairs.
Chukwunyere made the commitment on Thursday, October 1, 2026, during the official unveiling and launch of The Eagle Times Nigeria.
He said the new media organisation was established not merely to add another newspaper to Nigeria’s media landscape, but to provide a platform committed to serving the public interest.
According to him, the newspaper’s guiding philosophy, “The Voice for the People, The Watchdog for the Nation,” places a responsibility on the organisation to listen to Nigerians, tell their stories, highlight issues affecting their daily lives and scrutinise those entrusted with public responsibilities.
“To be a voice for the people means that we must listen to Nigerians, tell their stories, highlight their concerns and give visibility to issues that affect their daily lives,” he said.
The publisher added that The Eagle Times would be guided by accuracy, fairness, professionalism, credibility and responsible journalism, stressing that the newspaper would not publish stories merely because they were sensational.
“We will verify. We will investigate. We will seek the other side. We will correct our mistakes when we make them,” he said.
Chukwunyere further stated that the newspaper would endeavour to give individuals and organisations the opportunity to respond whenever allegations were made against them.
“Our commitment is not to any political party, government or individual. Our primary commitment is to journalism, to truth and to the Nigerian public,” he said.
He noted that the newspaper was launching at a time when the media industry was undergoing rapid transformation, with audiences increasingly consuming news through digital platforms, including websites, television, podcasts and social media.
He said The Eagle Times would therefore operate as a multimedia organisation, combining its newspaper with digital platforms and The Eagle Times TV to reach audiences across different channels.
According to him, the organisation also intends to create opportunities for young journalists, writers, photographers, producers, digital creators and other media professionals to develop their skills and contribute to journalism and national development.
Chukwunyere said the newspaper’s coverage would include politics, governance, business, economy, security, judiciary, education, health, technology, sports, entertainment, lifestyle and international affairs.
He, however, said the organisation intended to distinguish itself not only by the subjects it covered but by the quality and approach of its journalism.
We want to tell stories that matter, we want to investigate issues that require investigation, we want to highlight Nigerians who are making a difference, and we want to give communities that are often ignored an opportunity to be heard,” he said.
The publisher acknowledged the challenges involved in establishing a newspaper, saying the venture required investment, commitment, professional discipline and the courage to pursue an idea.
He expressed appreciation to the management, editorial, reporting, production and digital teams, as well as families, friends, partners and supporters who contributed to the establishment of the organisation.
Chukwunyere also assured readers, viewers and the newspaper’s digital audience that The Eagle Times would strive to earn their trust and remain accountable to the standards it had set for itself.
He said the newspaper’s success would not be measured only by circulation figures, website traffic or social media followers, but also by the confidence Nigerians placed in its journalism.
“Today, we spread our wings. Today, The Eagle Times takes flight,” he said, reaffirming the newspaper’s commitment to its slogan: “The Voice for the People, The Watchdog for the Nation.”
-
Featured7 years agoLampard Names New Chelsea Manager
-
Featured6 years agoFG To Extends Lockdown In FCT, Lagos Ogun states For 7days
-
Featured7 years agoChildren Custody: Court Adjourns Mike Ezuruonye, Wife’s Case To April 7
-
Featured7 years agoNYSC Dismisses Report Of DG’s Plan To Islamize Benue Orientation Camp
-
Featured5 years agoTransfer Saga: How Mikel Obi Refused to compensate me After I Linked Him Worth $4m Deal In Kuwait SC – Okafor
-
Featured7 years ago
Board urges FG to establish one-stop rehabilitation centres in 6 geopolitical zones
-
Sports4 years ago
TINUBU LAMBAST DELE MOMODU
-
News2 years agoZulu to Super Eagles B team, President Tinubu is happy with you
