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Buhari’s government was favourable to me more than this present government

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It may have been because night had not yet fallen, or perhaps it was simply a reflection of the economic realities facing many Nigerians today, but a careful look at Abubakar and his suya stand told its own story. The evening rhythm that usually drew customers to roasted meat was missing. Instead, the smoke from his grill rose quietly into the air, unaccompanied by the usual crowd or chatter.....TAP TO CONTINUE READING

His makeshift stand, neatly arranged and strategically positioned at Evbuomwan Junction, a calm intersection leading into a government residential area in Benin City, Edo State, seemed almost too ready for customers who were slow to come. The neatness of the space and the careful arrangement of his ingredients suggested a man who understood his craft and was prepared for business that simply was not coming.

Unlike some of his kinsmen who are often reluctant to speak to journalists, Abubakar was warm and open when Saturday Tribune approached him. There was no hesitation in his voice, only a readiness to share his journey and the weight of the current economic climate on petty traders like him.

His posture was relaxed, but the worry behind his words showed a man grappling with change. He was determined to tell his story: one shaped by movement, survival, and the hope that tomorrow might be better.

“My name is Abubakar Muhammed Isa. I am in my mid-40s,” he began with calm confidence. “I am from Tangaza Local Government Area in Sokoto State. I am married with two children. I might take another wife as the years go by; that one, I am certain of.”

Abubakar arrived in Benin City five years ago in search of better opportunities. He described it as coming “to hustle”. In Sokoto, he had been in the orange-selling business “for a very long time,” a trade he eventually handed over to his younger brother when rising prices made it impossible to sustain his family.

“When I was selling orange, I used to make between N3,000 and N5,000 daily,” he explained. “But as prices of things kept increasing in the country, that money could not sustain my family.”

With that reality staring him in the face, he left Sokoto, leaving behind his parents, who are still alive, and entrusting the orange business to his younger brother. Benin, to him, represented a new path—one lined with fire, spice, and suya.

“My family lives with me here in Benin,” he added, pointing around the space that had become both workplace and survival hub.

The stand where Abubakar now sells suya costs him N10,000 monthly. It is a modest amount, but in today’s economy, even modest figures can sting. What truly burdens him, however, is the constant rise in the cost of everything, especially meat.

“Meat is so expensive now,” he lamented. “Sometimes you will buy meat and you won’t be able to make profit because of how expensive it is.”

On good days, he makes as much as N10,000 profit. On bad days, he makes nothing. “I can say the market is not stable,” he concluded.

His memories of the past government are tinted with economic relief. Whether others agree or not, he is firm about his experience. “As at when Buhari was in power, we used to sell N200 and N100 suya,” he said. “But now, the least you can get is N500, and that N500 suya is the same quality as the ₦100 one before.”

He continued, “No matter how you look at it, Buhari’s government was favourable to me more than this present government. People had money to eat suya as appetiser, full meal, and dessert.”

Today, the reality is different. According to Abubakar, many customers now prioritise food that can carry them through the day. Suya, once an accessible pleasure, has become a luxury.

“As at when Buhari was in government, I used to make at least N20,000 a day,” he said, insisting that his views were not influenced by regional sentiment. “I’m not saying this because I’m a Northerner but because it is the reality of things on ground.”

As evening deepened around his stand, Abubakar adjusted a slab of meat on the grill, the flames briefly lighting up his face. Despite the challenges, he continues to show up, day after day, hoping for a better turn.

“If anyone wants to help me,” he said thoughtfully, “I would want money to increase and expand my business.”

For Abubakar, the suya stand is more than a business. It is the bridge between survival and hope: a small fire burning in the middle of a harsh economic landscape.

His story mirrors that of countless Nigerians navigating an economy that seems to shift beneath their feet. Yet, like many, he keeps pushing, armed with faith, resilience, and the hope that tomorrow will bring better sales, cheaper meat, and a future worth waking up to.

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Federal Government of Nigeria Finally Commissions CNG Station to Boost Domestic Supply

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The Federal Government has commissioned an integrated Compressed Natural Gas, CNG, refueling station at Obafemi Awolowo University, Ile-Ife, Osun State, as part of efforts to strengthen domestic gas supply and promote cleaner energy alternatives.....TAP TO CONTINUE READING

Speaking at the inauguration, the Executive Director of the Midstream and Downstream Gas Infrastructure Fund, Oluwole Adama, described the move as a major step toward advancing Nigeria’s gas-powered energy transition.

He noted that the facility goes beyond being just a refueling station, adding that it reflects progress, collaboration, and commitment to expanding domestic gas utilization in line with national energy goals.

“This project represents more than the commissioning of a refueling station. It symbolizes progress, partnership, and purpose in advancing Nigeria’s energy transition, promoting cleaner fuels, and deepening domestic gas utilization in line with national energy objectives,” Adama stated.

On his part, the Vice-Chancellor of Obafemi Awolowo University, Prof. Adebayo Simeon Bamire, praised the initiative, saying the facility will serve both the university community and residents of the surrounding area.

He added that the project would create opportunities for research, hands-on learning, and innovation in alternative energy solutions.

DAILY POST gathered that the federal government-backed initiative forms part of broader efforts to drive renewable energy adoption and support Nigeria’s transition to cleaner fuel sources.

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BREAKING NEWS: MTN Nigeria invests N1trillion on fibre rollout, network upgrade

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MTN Nigeria said it invested N1tn in 2025 to expand fibre infrastructure, roll out additional base stations and strengthen network capacity nationwide, as the country’s biggest telco returned to profitability after a choking financial year marked by foreign exchange pressures and negative equity.....TAP TO CONTINUE READING

The capital expenditure, more than double the prior year’s spending, formed part of a broader recovery that saw the company post a profit after tax of N1.1tn for the year ended December 31, 2025. The rebound followed a difficult 2024 in which MTN suspended dividend payments and grappled with balance sheet strain.

Chief Executive Officer Dr Karl Toriola described 2025 as a defining year for the company, linking the improved earnings position to renewed long-term infrastructure investment.

“During the year, we invested N1tn in network expansion and modernisation, more than double the prior year’s capital expenditure. This investment translates to additional base stations, deeper fibre rollout, expanded capacity and improved network resilience across the country because sustaining critical digital infrastructure requires disciplined capital allocation and a deliberate long-term approach,” the executive said.

The telcos’ total subscriber base increased to 87.3 million, up 7.9 per cent, while active data subscribers rose to 53.2 million. Data traffic grew by 34 per cent during the year. These figures reflect sustained demand for digital services across the country and underscore the need for continued investment in network capacity and resilience.

“We are mindful that in a period of economic pressure, expectations from customers are heightened. When Nigerians purchase data or rely on our network for work, education, financial services or daily communication, they expect reliability, fairness and continuous improvement. That expectation is both legitimate and central to our responsibility, Toriola noted.

MTN’s service revenue rose 55.1 per cent to N5.2tn in 2025, while earnings before interest, tax, depreciation and amortisation more than doubled to N2.7tn. Earnings per share improved to N53.07 from a negative N19.05 a year earlier, reflecting the sharp turnaround in operational performance.

Chief Financial Officer Modupe Kadiri said the company’s financial recovery was built on deliberate balance sheet repair, disciplined capital allocation and reduced foreign exchange exposure.

“A year ago, MTN Nigeria was in negative equity. Today, we are declaring a N20 total dividend for the 2025 financial year,” Kadiri stated.

The board approved a final dividend of N15 per share, subject to shareholder approval at the annual general meeting, bringing the total dividend for the year to N20 per share, including an interim dividend of N5 already paid in the fourth quarter.

According to its report, MTN generated N1.2tn in free cash flow during the year and rebuilt shareholders’ equity to N548.7bn, with retained earnings standing at N400.4bn at year-end, signalling restored financial stability after the previous year’s market volatility.

Toriola said profitability would continue to underpin infrastructure expansion, noting that profit enables sustained reinvestment in network quality and broader coverage rather than serving as an end in itself.

“Profit, in our context, is not an end in itself. It is the mechanism that enables continued investment in network quality, broader coverage and enhanced customer experience. As Nigeria’s digital ecosystem continues to expand across fintech, small businesses, education and public services, resilient and future-ready telecommunications infrastructure remains foundational to national development,” he added.

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Nigeria Civil Aviation Authority, NCAA orders airline to refund passengers charged VAT before January 1

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The Nigeria Civil Aviation Authority has directed Overland Airways to refund passengers who were wrongly charged Value Added Tax on flight tickets purchased before January 1, 2026.....TAP TO CONTINUE READING

The directive followed clarification issued by the Nigeria Revenue Service on the implementation of the new tax regime affecting airline tickets.

Passengers had complained to the regulators after an elderly woman was forced to pay the new tax in 2025, a fee that was expected to take effect on January 1, 2026.

The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, in a statement on Saturday, disclosed that the matter had been resolved after regulatory engagement with the airline and the Nigeria Revenue Service.

“As directed by the NCAA, the operator, Overland Airways, has reverted with clarification from the Nigeria Revenue Service,” Achimugu said.

He clarified that passengers who bought tickets before the new tax laws came into force should never have been subjected to additional charges.

“Tickets purchased before January 1, 2026 were not affected by the new tax laws,” he said, adding that passengers who bought tickets in 2025 but were later made to pay VAT at check-in in 2026 were not supposed to have been charged.

According to the NCAA, the airline had initially implemented the VAT requirement based on its interpretation of the new fiscal policy, prompting complaints from affected travellers.

Achimugu explained that regulatory clarification became necessary to determine the correct application of the tax.

“The onus was on the NRS to clarify, which they have now done,” he said, noting that the aviation regulator had earlier communicated its position to the airline.

Following the clarification, Overland Airways agreed to correct the situation.

“The airline has committed to redress the situation by initiating a refund for affected passengers,” Achimugu added.

The controversy arose after several passengers complained that they were compelled to pay additional VAT charges at airport counters despite purchasing their tickets months before the tax provisions took effect.

Travellers described the development as unexpected and financially burdensome, especially during peak travel periods in December.

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