
Nigeria's Minister of Finance and Coordinating Minister of the Economy, Mr. Taiwo Oyedele, has affirmed his dedication to continuing economic reforms. This commitment was announced in a statement from the Ministry of Finance. During his inauguration, Oyedele acknowledged the contributions of the outgoing minister, Wale Edun, to the ongoing reform efforts. He also thanked President Bola Tinubu for the opportunity to serve. Oyedele expressed his readiness to collaborate with the ministry's leadership and staff to achieve results consistent with the government's economic goals. He stressed the importance of building on current reforms and focusing on measurable impact in key economic sectors. Oyedele noted that Edun's tenure advanced fiscal and economic reforms aimed at stabilizing the macroeconomy and promoting sustainable growth, including efforts to boost revenue, improve fiscal coordination, and support structural reforms. Oyedele stated that his appointment signifies continuity in the ministry's service, with an emphasis on deepening economic reforms, fiscal discipline, and better outcomes for Nigerians. The Permanent Secretary, Finance, Mr. Raymond Omachi, and the Permanent Secretary, Special Duties, Mohammed Danjuma, welcomed Oyedele and pledged the ministry's full support for his mandates.
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This summary was AI-generated from a story originally published by Punch Nigeria.
Must ReadMrs. Rachael Alamu, the abducted principal of Community High School, Ahoro-Esiele, Oyo State, released a video pleading with Nigerians not to politicize their situation. She clarified that her abductors have not demanded Sharia law or a ransom of N1 billion, contrary to reports. Mrs. Alamu stated that the kidnappers' sole request is the release of some of their people. She urged the government to negotiate for their release and asked Nigerians to circulate her video to counter misinformation. Mrs. Alamu and over 40 pupils and teachers were kidnapped on Friday, May 15, 2026, during an attack on schools in the Oriire Local Government Area.

The Lagos State Police Command has reassured residents that there is no verified intelligence indicating an imminent attack on schools, following the circulation of a threatening notice. The notice, purportedly pasted at a school, warned of plans by bandits to abduct schoolchildren. Police Public Relations Officer, SP Abimbola Adebisi, stated that the Command has activated enhanced security measures across the affected area and other strategic locations. Commissioner of Police Tijani Fatai has directed an immediate security assessment and ordered "watertight security measures" to protect schools, critical infrastructure, and communities. Police personnel, alongside other security agencies, have been deployed to strengthen security presence. The Command reiterated that Lagos remains secure and warned criminal elements against disrupting public peace, vowing to deal decisively with anyone found causing fear or panic. Residents are urged to support security agencies by providing credible information and reporting suspicious activities through emergency lines or the nearest police station. The Command assures Lagosians that all necessary measures are being taken to guarantee their safety and security.

Vice President Kashim Shettima described Lagos State as Africa's economic "live wire" at the Invest Lagos Summit 3.0. He praised the city's economic history, leadership, and role in national prosperity, stating that Lagos is where ideas are tested and national ambitions are refined into practical outcomes. Shettima credited Lagos for producing influential business figures, including Aliko Dangote and Abdulsamad Rabiu, Africa's richest and second richest men, respectively, emphasizing that they emerged from the Lagos economic environment. He also noted that Lagos has made "almost everybody who is who in Nigeria," adding, "I am also a Lagos boy." The Vice President highlighted Lagos as a model of governance and economic resilience, attributing its transformation to successive leadership, including the foundation laid by President Bola Tinubu. He stated that Lagos has evolved from facing severe urban challenges to becoming a major economic center, contributing significantly to Nigeria's GDP and hosting five of Africa's nine unicorn companies, all based in Lagos.