Appointment
Amb Oluwafemi lauds Tinubu over choice of Wale Edun as Finance minister
***Says its welcome devpt for Nig’s economic stability
The Managing Director of African Development Study Centre, (ADSC), Amb.Victor Oluwafemi has has commended President Bola Tinubu’s over choice of a seasoned economist, investment banker and former Finance Commissioner of Lagos as Finance Minister and Coordinator of the Economy.
He said it will help to rapidly transform Nigeria’s economy within a short period of time.
Speaking at a roundtable on the state of the Nigerian economy with business associates in Abuja on Thursday, Amb Oluwafemi said:
“The capabilities of Wale Edun, who within eight years transformed the economy of Lagos in active collaboration with the then governor of Lagos, Tinubu and his World Bank accomplishments is definitely a sound choice.
“He has done it at a micro level in Lagos state and he can excellently deliver at the federal level which definitely is at a macro level.
“Wale Edun as a minister of finance definitely has all it takes to help galvanize the Nigerian economy to greater heights.
Amb Oluwafemi explained that Edun’s expertise and experience in economic management and transformation, have been exemplary, adding that his character, competence, capacity, ingenuity, and professionalism contributed to the transformation of the economy of Lagos State from a paltry sum of N600m in internally generated revenue(IGR) in 1999 to billions of Naira during the administration of President Bola Tinubu as governor of the State.
“This is what I call affirmative transformation from nothing to something great as bringing IGR from the million to the billion benchmark, which Lagos state has continued to improve upon till date is remarkable.
“With such a man with impeccable track records as manifested in the investment banking sector of the Nigerian economy and Lagos as a melting pot, Edun will help to invigorate ‘Renewed Hope’ agenda of President Tinubu to prosperity for all and sustained economic development thereby enhancing welfare, wellbeing, and wellness of the masses”.
Edun’s background in merchant banking, corporate finance, economics and international finance and development at both sub national, national and international levels are great assets for speedy recovery of the Nigerian ailing economy.
Wale Edun untill his recent appointment as finance minister is the Chair of ChapelHillDenham Group, Lagos, a leading investment bank. He was an executive director of Lagos
Merchant Bank, Investment Banking & Trust Company Limited, now Stanbic IBTC. Wale is the founder and Chair of Lagos Boxing Hall of Fame, a registered not for profit organisation that runs amateur boxing in Lagos.
The Senate has endorsed the nomination of Omolola Oloworaran as the substantive Director-General of the National Pension Commission (PENCOM).
President Bola Tinubu had nominated Oloworaran for the position and sought Senate approval through a formal request.
Her confirmation followed the adoption of a report by the Senate Committee on Establishment and Public Service, presented during Thursday’s plenary session.
The committee’s chairman, Senator Cyril Fasuyi (APC, Ekiti North), stated that Oloworaran met all legal and professional requirements as outlined in the Pension Reform Act 2014. He emphasized that she fulfilled the criteria stipulated under sections 19(2), (5), (6), and 26 of the Act, qualifying her for the role.
“The nominee has demonstrated competence and meets the legal prerequisites for this position. The committee finds her to be a fit and proper person for appointment as Director-General of PENCOM,” Senator Fasuyi said.
During the session, Deputy Senate President Barau Jibrin put the committee’s recommendation to a voice vote, which received overwhelming support from the senators.
Oloworaran’s confirmation ensures continued leadership at PENCOM, an agency critical to Nigeria’s pension administration and reform initiatives.
Edo State Governor, Senator Monday Okpebholo, has announced the appointment of Hon. Gani Audu as Chief of Staff, with the appointment taking immediate effect.
The Chief Press Secretary to the Governor Fred Itua, made the disclosure through a press Statement on Thursday.
According to the statement the Secretary to the State Government, Musa Umar Ikhilor, who made the announcement described Audu’s new role as integral to advancing Governor Okpebholo’s reform agenda for the state.
The statement reads: “It is hereby announced for the information of the general public, particularly the good people of Edo State, that His Excellency, Senator Monday Okpebholo, Governor of Edo State, has approved the appointment of Hon. Gani Audu as his Chief of Staff. The appointment takes immediate effect.”
Hon. Audu, born on August 18, 1969, brings a rich background in governance and administration to his new role. A graduate of Auchi Polytechnic with an HND (1994), he went on to complete a Postgraduate Diploma in Business Administration from Benson Idahosa University (2011) and an M.Sc. in Intelligence and Global Security from Baze University, Abuja (2024).
Audu’s political experience spans nearly two decades. He served as Chairman of Etsako West Local Government Council from 2004 to 2010, represented Etsako West Constituency 1 in the Edo State House of Assembly from 2015 to 2023, and was the All Progressives Congress (APC) deputy governorship candidate in the 2020 Edo State elections.
This strategic appointment is expected to bolster the governor’s administrative team and support his vision of transformative governance in Edo State.
President Bola Tinubu has congratulated President Donald Trump on his re-election as the 47th President of the United States of America.
In a statement released by Bayo Onanuga, Special Adviser to the President (Information & Strategy), on Wednesday, President Tinubu expressed his enthusiasm about strengthening Nigeria-U.S. relations amidst the complex global challenges and opportunities.
Trump, who claimed victory on Wednesday, pledged to “heal” the country as he was on the brink of defeating Kamala Harris in a remarkable White House comeback.
President Tinubu praised Trump’s victory, emphasizing that it reflects the trust and confidence the American people have placed in his leadership. He also commended the American people’s commitment to democracy.
Looking ahead, President Tinubu expressed confidence that Trump’s experience as the 45th president from 2017 to 2021 would foster beneficial and reciprocal economic and development partnerships between the U.S. and Africa. He expressed hope that this new era under President Trump would promote peace, economic cooperation, and address global challenges.
Acknowledging the significant influence of the United States in shaping global events, President Tinubu believes that Trump’s leadership will bring the world closer to peace and prosperity.
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