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Senate Moves To Provide Economic Diversification Framework

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By Lateef Taiwo
The Senate is set to provide the much needed legislative framework to enable the federal government pursue its diversification policies to improve on the Nigerian economy.

The upper chamber, accordingly, seeks to achieve same with the passage of the Nigerian Economic Diversification Bill 2022 presently before the National Assembly.

A public hearing on the bill sponsored by the Deputy Whip, Senator Aliyu Sabi Abdullahi (APC, Niger North) is slated for Monday, December 19th, 2022.

The hearing is organised by the Senator Olubunmi Adetunmbi-led Committee on National Planning.

The bill, which was read for the first time on December 8, 2021, seeks to establish the Nigerian Economic Diversification Council, as well as provide for the Nigerian Resource Development Plan.

It also provides for the transfer of technology for Nigerian capacity development and succession plan, establishment and management of startup development programme, issuance of work permits and expatriate quotas, and formalization and development of artisanal and small scale miners of solid minerals.

The bill in its provisions, specifically focuses on the promotion of Nigerian Content Development in automobile manufacturing, maritime industry and credit guarantee scheme.

The piece of legislation makes it mandatory for Ministries, Departments and Agencies of government to submit Annual Nigerian Content and Economic Diversification Development Report and Annual Budget.

Other sectors of the economy duly covered in the bill are Information and Communications Technology, Health, Agriculture and Agro Allied, Power etc.

Speaking on the bill, its sponsor, Senator Sabi Abdullahi, said same provides for the “establishment and maintenance of programmes for the overall development of the Nigerian economy, more especially, to encourage the growth of Nigerian industries, services, technologies in order to diversify the Nigerian economy and raise the standard of living of persons living in Nigeria to a reasonable level.”

He added that the scope of the Bill “are to be applicable to all ministries, arms and agencies of the Federal Government of Nigeria and private businesses.”

“However, local content development in the oil and gas sector is excluded from the application of this Bill”, he noted.

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Eagle Times Newspaper Will Be Voice for Nigerians – Publisher Chukwunyere Vows

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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.”

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