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Tinubu urges African unity for economic growth

President Bola Ahmed Tinubu has called on African countries to improve the quality of life across the continent by ensuring that democracy, good governance, and robust economic institutions work together.
Speaking at the 2024 African Caucus Meeting in Abuja, President Tinubu who was represented by Vice President Kashim Shettima emphasised the importance of self-reliance in development efforts.
“We must also acknowledge the need to take responsibility for our own development by undertaking the difficult structural and fiscal reforms required to boost long-term growth and enable reinvestment into our economies through infrastructure and effective social spending,” he stated.
President Tinubu who addressed the delegation of African Central Bank Governors, noted Nigeria’s bold economic policies designed to overcome the downturns caused by multiple global economic shocks. “My administration is currently undertaking bold economic policies to propel Nigeria’s economy out of the downturns occasioned by multiple shocks in the global economy,” he said.
He called for increased global cooperation among African nations to address shared economic challenges and leverage opportunities. Despite Africa’s numerous economic, humanitarian, and social challenges, President Tinubu urged countries to translate their natural resources and human capital into growth, innovation, and collaboration.
The African Caucus Meeting, chaired by Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, provides a platform for African Governors to strengthen their voice in the Bretton Woods Institutions (BWIs). Established in 1963, the Caucus meets twice annually, first in the host country of the chairperson of the Caucus and later at the venue of the Annual Meetings of the IMF and World Bank Group (WBG).
This year’s theme, “Facilitating Intra-African Trade: Catalyst for Sustainable Economic Growth in Africa,” underscores the collective commitment of member countries to drive economic progress.
President Tinubu, in his address titled “A Shared Vision for Africa’s Growth,” outlined Nigeria’s ongoing efforts to address global economic challenges through strategic reforms aimed at fostering fiscal and monetary efficiency, driving sustained economic growth, and creating jobs aligned with the Sustainable Development Goals (SDGs).
“We remain committed to optimizing our economic potential, delivering favorable outcomes for our citizens, and ensuring the overall sustainable development of the regional economy,” President Tinubu said. He also highlighted the need for enhanced international tax cooperation to combat illicit financial flows and ensure multinationals contribute fairly to African economies.
“We need enhanced international tax cooperation to combat illicit financial flows and ensure that multinationals contribute fairly to our economies. We must also foster global economic cooperation to tackle shared challenges and leverage opportunities,” he added.
In his welcome address, the host and Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, noted that 41 African countries are projected to experience stronger growth, up to 3.8 percent from 3.4 percent in 2022, rising to 4.3 percent in 2025, exceeding the global average of about 3.2 percent.
He added that Africa’s demographics present tremendous potentials that should be explored.
He stated that the African Caucus meeting will focus on strengthening the pan African payment system digitalisation, revenue mobilisation and more with a focus on charting a common way for the continent. Edun said the resolutions from the meeting would be communicated to the heads of IMF and World Bank ahead of the October annual spring meetings.
Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, emphasised the significance of leveraging global partnerships to navigate Africa’s complex economic landscape. “Africa stands at a crossroads with unprecedented opportunities for development alongside significant challenges. To navigate this complex landscape and set the continent on the path of sustainable economic growth, we must leverage the support of our global partners,” he added.
African Union Commissioner for Economic Development, Trade, Tourism, Industry, and Minerals, Ambassador Albert Muchanga, emphasised the importance of domestic resource mobilization. “We must see the African market as a viable channel for domestic resource mobilisation to address the issue of the continent’s sustenance,” he noted.
Speaking virtually, WTO Director-General, Dr. Ngozi Okonjo-Iweala, provided a comprehensive analysis of Africa’s economic situation and potential, emphasising the need for greater regional integration. “According to UN data for 2021, only 13 percent of Africa’s goods trade was internal, compared to 21 percent for Southeast Asia, 39 percent for the US, Mexico, and Canada, and 60 percent for Europe,” she said.
Deputy Secretary-General of the United Nations, Amina J. Mohammed, underscored the importance of trade facilitation, a Pan-African payment and settlement system, and increased access to energy and connectivity. She highlighted the significant challenge of public investment, with 48% of government revenue in sub-Saharan Africa going to debt payments last year.
Rwanda’s Prime Minister, Dr Edouard Ngirente, called for concrete actions to remove trade barriers and create an integrated African market.
Lord Paul Boateng, a member of the UK House of Lords and keynote speaker at the event, expressed concern over Africa’s decline in diversification and competitiveness over the past 20 years. He emphasized the need for African countries to adopt technological innovations such as blockchain and artificial intelligence to transform trade on the continent
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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 14th September 2025

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 13th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1520 and sell at N1550 yesterday 13th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
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Black Market Dollar (USD) To Naira (NGN) Exchange Rate Today 13th September 2025

What is the Dollar to Naira Exchange rate at the black market also known as the parallel market (Aboki fx)?
See the black market Dollar to Naira exchange rate for yesterday 11th September, below. You can swap your dollar for Naira at these rates.
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1525 and sell at N1550 yesterday 12th September 2025, according to sources at Bureau De Change (BDC). …CLICK LINK TO CONTINUE READING
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EXPOSED: Truth About Peter Obi’s Son Revealed, Close Friend Speaks

Amidst swirling rumors surrounding Oseloka Obi, the son of Peter Obi, the Labour Party’s presidential candidate for 2023, a new twist has emerged regarding persistent allegations about his gender identity.
In response to a flurry of speculation, Oseloka has taken a stand against the viral claims connecting him to homosexuality, which were sparked by the circulation of photographs featuring him alongside Kent Okwesa, a British-Nigerian based in London. Click link to continue reading.
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MANCHESTER DERBY: Erling Haaland Vows To Revenge Against United
“We’ve lost two games in a row, it’s not good enough, it’s way too bad,” he said, speaking to Viaplay in Norway. “We need to figure it out, get back to winning ways.
Pep Guardiola’s side are in the bottom half of the Premier League table heading into the clash having lost back-to-back matches against Tottenham and Brighton before the international break. Click link to continue reading.
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REVELEAD: Why Pastor Kumuyi Is Changing Some Deeper Life Principles

The General Superintendent of the Deeper Christian Life Ministry, Pastor William Folorunsho Kumuyi, has announced a series of changes to some of the long-standing rules of the church, saying many of them were never scriptural but were introduced for administrative purposes.
Pastor Kumuyi, widely regarded as one of the most influential church leaders in the world, is the founder of Deeper Life Bible Church, which began in 1973 as a small Bible study group in Lagos.
Over the decades, the ministry has grown into a global Christian movement. The Lagos headquarters alone attracts over 120,000 worshippers weekly, placing it among the five largest single congregations worldwide. In Nigeria, the church boasts more than one million members with over 5,000 branches, and a further 3,000 branches spread across Africa, Europe, and North America.
Speaking at the church 2025 Global Family and Marriage Conference, Pastor Kumuyi announced modifications to certain marriage rules that had long been regarded as doctrinal. He clarified that many of these practices were never rooted in the Bible but were merely administrative guidelines designed to provide structure.
One of the major changes is the cancellation of the restriction that prevented a lady from visiting her suitor before marriage. According to Kumuyi, intending couples may now visit each other during courtship, provided they are accompanied by an elder. The long-held six-month mandatory courtship period has also been scrapped. “We just felt you need some time to know one another. And then we said one month will be too short, two months too short. So, why not six months? But it is not from the Bible,” he said.
He stated the importance of Christians being able to distinguish between God’s commandments and church traditions.“As a Christian, you need to be so mature that you know the difference between the law of God and the principles in the church. Six months is all right, but it’s not something inflexible. If we change it to three months, we’re not changing the Bible, because six months is not in the Bible,”
Pastor Kumuyi also clarified the role of marriage committees in Deeper Life, noting that their purpose was to provide guidance and not to exercise authority beyond what is written in the scriptures. “There’s no marriage committee in the New Testament. We created it to help you, not because we can give you a chapter and a verse. It is church administration,” he stated.
These changes are seen by people as another step in the ongoing review of church practices that many members and outsiders have often considered too strict. Since founding the church has faced both admiration and criticism for its distinct doctrines. Some of its earlier beliefs and practices have either been misinterpreted or have since evolved:
Technology Use: The church, which once opposed television and modern gadgets, now embraces media and social platforms for evangelism.read the gospel.
Marriage Rules: Inter-church marriages are now accepted, provided the partner is from a Bible-believing church with a holy standard of living.
Dress Code: The church still emphasizes modesty, but women no longer have to tie scarves at all times, and men are not strictly bound to suits.
Medical Treatment: While rumors once suggested Deeper Life discouraged hospital visits, today members are encouraged to seek proper medical care when needed.
Christmas Celebrations: Although many members spend Christmas at church camps, the church has clarified that celebrating Christmas is not forbidden.
Other misconceptions, such as supposed food restrictions or claims that Pastor Kumuyi had relocated to the UK, have also been dispelled.
Through these reforms, Pastor Kumuyi is reinforcing his long-held belief that while order is necessary in the church, it must never be mistaken for scripture.
Source: City People
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