News
AGF Urges Postmaster General to Explore Human & Material Resources to Improve NIPOST

Ahmed idris FCNA, the Accountant General of the Federation, has advised the Postmaster General of the Federation and the management team of the Nigerian Postal Service (NIPOST) to explore its vast human and material resources to improve the Agency.
Idris said this when the management of NIPOST, led by the Postmaster General of the Federation, Dr. Ismail Adebayo Adewusi, paid him a visit in Abuja.
Idris maintained that NIPOST has vast human and material resources, which if fully explored, could generate revenue. He advised the management of NIPOST to go beyond the conventional management practices and consider new perspectives and strategies in order to turn around the fortune of the Agency for the better.
“I want to reiterate that NIPOST is sitting on a gold mine, NIPOST is sitting on assets, physical assets, landed properties, NIPOST has vast human and material resources. NIPOST should wake up and live up to expectation because in all honesty, there is no reason why NIPOST should remain the way it is”.
“NIPOST should think out of the box, there are a lot of things NIPOST can do to generate money. I am posing this challenge to the Postmaster General and his team. Whatever it takes to bring out NIPOST from the present condition should be done. You have assets, you have human capital, you have all it takes and you now have legislation backing you up, so you have everything that you need”.
He noted that the objective of the Federal Government is to make NIPOST more active and alive in line with the overall desire to enhance revenue generation and accountability.
He maintained that the Office of the Accountant General of the Federation (OAGF) will always support NIPOST to achieve the objective of improved revenue generation for the country.
Idris commended the Postmaster General of the Federation for the formation and successful incorporation of two limited liability companies meant to rejig NIPOST to achieve the purpose it is meant to achieve.
He congratulated the management of NIPOST on the enactment of Finance Act 2020 which empowers NIPOST as the Agency solely responsible for printing stamps and straightens the grey areas of operations of NIPOST and the FIRS.
On the face-off between NIPOST and the FIRS, the Accountant General of the Federation maintained that, “although the issue may not be completely resolved, there is the believe that discussion and dialogue are the most effective means to resolve the issues. We will continue to arbiter, to broker peace and to moderate between the two organizations”.
Speaking earlier, the Postmaster General of the Federation, Dr. Ismail Adebayo Adewusi, commended the Accountant General of the Federation for his support, noting that the AGF’s advice helped tremendously in resolving the crises with the FIRS.
He commended the Accountant General of the Federation (AGF) for issuing a treasury circular to mandate all MDAs to use stamps produced by NIPOST for identification, authentitication and revalidating of documents.
News
NBS May Release Rebased Figures for Nigerian Economy July 11

National Bureau of Statistics (NBS) may launch its rebased Gross Domestic Product figure on July 11, according to reports by the Nation.
In economics, rebasing refers to the process of updating the base year used for calculating economic indicators like Gross Domestic Product (GDP) or the Consumer Price Index (CPI).
This is done to reflect changes in the structure and price levels of an economy, making the indicators more accurate and relevant to the current economic situation.
Folorunso Alesanmi, head of Public Relations, NBS, deferred his response to today (Monday) when asked to confirm the information.
In a terse text message reply to our inquiry, he said “I will reply you on Monday when I get the final information about it.”
Recall that the country changed the year of its GDP from 1990 to 2010 in 2014, when the figure was raised by 89 per cent.
The much awaited July 11 figure is expected to increase economic indicators such as per capita income, debt-to-GDP ratio and tax revenue outlooks.
News
Lagos-Calabar Highway Gets $100M Push from ECOWAS to Drive Regional Growth

ECOWAS Bank for Investment and Development (EBID) has committed $100 million to support the development of a key section of Nigeria’s Lagos-Calabar Coastal Highway.
This funding covers a 47.7-kilometre stretch, marking Section I, Phase I of the project, which originates from Ahmadu Bello Way in Lagos.
Work on the highway began in March 2024, with Hitech Construction Company Limited appointed as the main contractor.
The announcement was made during EBID’s 92nd Ordinary Session held in Lagos, where the bank outlined a series of development financing commitments amounting to €174 million and $125 million, targeted at infrastructure and social development across the ECOWAS region.
The investment in the Lagos-Calabar Coastal Highway is designed to boost intra-regional connectivity by linking nine Nigerian states. It will also enhance access to strategic seaports, support agro-industrial development, and improve logistical networks along Nigeria’s southern corridor. The highway is further expected to contribute to the formation of a regional supply chain, economically empowering coastal communities.
“The bank also approved $100 million in funding for the Lagos-Calabar coastal motorway project in the Federal Republic of Nigeria. It said that this project, which spans 47.7 km, would link nine Nigerian states and improve access to seaports and isolated agro-industrial areas. EBID noted that the funding would also contribute to the emergence of a regional value chain to support coastal communities.”
Other EBID-backed initiatives include €50 million earmarked for the establishment and outfitting of six technical and vocational education centres in Togo. These centres aim to provide skills training for up to 3,480 youths annually, focusing on high-demand trades.
In Guinea, the bank allocated €28.9 million to revamp four agricultural high schools, and an additional €95.16 million to build three hydroelectric micro-power plants with a combined generation capacity of 30 megawatts, aiming to expand rural access to renewable energy.
Côte d’Ivoire will benefit from a $25 million facility directed at financing clinker imports by Société de Ciment de Côte d’Ivoire—a move expected to support local cement manufacturing and alleviate raw material shortages in the construction sector.
EBID noted that its latest funding initiatives align with the United Nations Sustainable Development Goals (SDGs), particularly Goal 9, which advocates for advancements in industry, innovation, and infrastructure. With these latest disbursements, the bank’s cumulative investment across the West African region has surpassed the $5 billion milestone.
Nigeria’s Minister of Works, David Umahi, recently disclosed that the Federal Government has signed off on contracts exceeding N3 trillion for multiple sections of the Lagos-Calabar Coastal Highway project, extending through Lagos, Akwa Ibom, and Cross River states.
The Lagos segment—Section I—was awarded at N1.068 trillion, with 30 percent of the contract sum already paid.
Section II, which includes multiple bridges and traverses difficult terrain en route to the Dangote Refinery, has been contracted at N1.6 trillion.
Sections III A and III B, covering parts of Akwa Ibom and Cross River, were jointly valued at N1.33 trillion.
President Bola Tinubu officially inaugurated the first completed segment of the coastal highway in May 2025, signalling the project’s steady progress.
News
LG Launches “Radio Optimism” Campaign to Spread “Life’s Good” Through Music

LG Electronics has launched a new brand campaign, “Radio Optimism,” designed to help strengthen meaningful human connections and spread optimism through shared musical experiences.
This initiative aligns with LG’s brand promise, “Life’s Good,” and addresses the growing challenge of forming genuine relationships in a technology-driven world.
The Radio Optimism campaign seeks to counteract the disconnection often felt in an era dominated by superficial interactions, such as likes and comments on social media. By harnessing the power of music, LG aims to foster deeper bonds among individuals, promoting a more fulfilling life.
“As technology advances, meaningful human connections become increasingly vital to enrich our lives. LG continues its commitment to bringing optimism into customers’ daily lives, staying true to our enduring brand promise of ‘Life’s Good,’” said Kim Hyo-eun, head of LG’s Brand Management Division.
This campaign reinforces LG’s commitment to creating enriching experiences in digital spaces where today’s consumers spend significant time. Building on this mission, LG has continuously engaged with younger audiences through participatory campaigns that bring the Life’s Good philosophy to life.
Last year’s “Optimism your feed” campaign leveraged social algorithms to foster positivity on social media. This new initiative specifically seeks to address the paradoxical disconnection in an era of hyper-connectivity.
“One of the most reliable predictors of happiness is having deep and meaningful relationships,” said Jean M. Twenge, Professor of Psychology at San Diego State University. “Yet today, many people are spending more time online and less time connecting in person. Social media in particular tends to create shallow relationships rather than the deep connections people need.
“It’s common for people to have hundreds of followers but no one to talk to in real life if they need support. We need to build more meaningful connections with those around us. That might turn around the pronounced decline in happiness that’s occurred over the last decade.”
A new global study* from LG on social connection reveals that 68 percent of people find it harder to make real friends, and a third reported having one or fewer meaningful connections in the past month, with 8 percent experiencing none at all.
Inspired by traditional radio’s unique way of connecting people through music and storytelling, the Radio Optimism campaign transforms this concept into an interactive platform where participants can create and send personalized songs to their loved ones.
Users can easily create new songs using AI-powered tools, which are thoroughly trained on a curated music dataset. These tools interpret user prompts to produce unique musical pieces and generate matching album art, providing an engaging and personalized experience. Once generated, these songs can be sent to recipients to deepen their connection and made available for others to discover worldwide.
According to the survey, nearly 9 in 10 respondents believe that meaningful connections lead to a more optimistic outlook on life. By providing a platform for individuals to express their feelings, this campaign aims to foster deeper connections and help individuals enrich their lives while spreading optimism in their own ways.
The campaign website is available in English and Spanish, with plans to support additional languages in the coming months to enable broader participation. The official website can be found at RadioOptimism.lg.com.
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