Morning recap: Tinubu picks Disu for pre-2027 security boost, Dangote signs 65m-litre petrol deal, banks raise N4tn, other top stories
President Bola Tinubu has appointed AIG Olatunji Disu to enhance security in preparation for the upcoming 2027 elections, alongside other significant economic developments in Nigeria.
In a strategic move leading up to the 2027 elections, Nigerian President Bola Tinubu has appointed AIG Olatunji Disu as his Chief Security Officer. This appointment aims to bolster the nation's security framework at a critical time when the country is bracing for increased political activity. As part of the leadership change, several Deputy Inspectors General (DIGs) are scheduled to retire, indicating a significant shift within the security apparatus of the Nigerian police force.
The economic landscape in Nigeria is also witnessing notable developments. Dangote has signed a considerable deal to distribute 65 million litres of petrol, which is expected to have a significant impact on the energy sector and fuel availability in the country. Furthermore, Nigerian banks have collectively raised N4 trillion in anticipation of a recapitalisation deadline in March, which highlights the ongoing efforts to strengthen financial institutions in the country and ensure economic stability.
In addition to these key appointments and economic activities, local stories are surfacing that reflect broader societal issues. The Federal Government faces criticism as medical tourism costs soar to $550 million annually, indicating a potential gap in domestic healthcare services. Meanwhile, authorities are investigating a tragic case in Abia regarding the murder of a woman by her boyfriend, and families in Lagos are urgent for assistance regarding a missing student. These stories encapsulate the multifaceted challenges Nigeria faces, from governance and finance to security and public health.