K O L A D E

PRESIDENT TINUBU ESTABLISHES TASK FORCE ON PRESIDENTIAL PETROLEUM REFORM & VALUE OPTIMISATION   President Bola Ahmed Tinubu, GCFR, has approved the establishment of a Presidential Petroleum Reform & Value Optimisation Taskforce to design and sequence the next phase of structural reforms in Nigeria's petroleum sector.   Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder and chairman of the Fate Foundation, is the Task Force's chairman. As chairman, he will coordinate the group's work and ensure the timely delivery of its mandate.   Other members of the Taskforce are: Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye and Seyi Bella.   Mofoluwasho Fadayomi will serve as secretary.   As constituted, the Taskforce is a time-bound, high-level executive working group tasked with producing execution-ready reform blueprints that will consolidate ongoing reforms, unlock capital within the petroleum sector, and strengthen Nigeria's position as a leading global energy investment destination.   The initiative reflects the President's commitment to transforming Nigeria's petroleum industry into a more competitive, transparent, and value-maximising sector capable of driving long-term economic growth, macroeconomic resilience, and industrial development.   It will operate as a technical reform body rather than a representative committee, engaging industry operators, regulators, investors, and civil society as consultees while focusing on actionable policy design and implementation strategies.   The Taskforce will report directly to the President and provide monthly progress memoranda. An interim report will be submitted after three months, while the final outputs are expected within six months of inauguration.   President Tinubu expects the Task Force to deliver three major reform blueprints.   One of the deliverables is the Implementation Toolkit for Immediate Structural Fixes – including draft legislative amendments, executive instruments, and institutional restructuring proposals.   The second deliverable is the Capital & Liquidity Acceleration Blueprint, aimed at unlocking $5–10 billion in sectoral liquidity while safeguarding Nigeria's sovereign interests.   The third blueprint will focus on the National Energy Transformation Strategy – a ten-year roadmap with measurable targets for production, foreign exchange earnings, GDP contribution, and cost competitiveness.   President Tinubu has directed all Ministries, Departments, Agencies, regulators, and relevant institutions to provide full technical support to the Taskforce and to submit inventories of ongoing initiatives to ensure alignment with the emerging reform framework.   In furtherance of this directive,  President Tinubu has also directed all existing committees, teams, and working groups established under various reform initiatives within the sector to align their activities, reporting structures, and work programmes with the new Task Force.   The streamlining will ensure coordination, avoid duplication of mandates, and provide institutional clarity, thereby ensuring coherence in the petroleum sector reform architecture.   The President has also directed that all relevant documentation, institutional knowledge, and ongoing workstreams should be made available to the Taskforce to support the development and implementation of its comprehensive reform framework.   The creation of the Taskforce represents a strategic presidential instrument to accelerate petroleum sector reforms, strengthen governance architecture, optimise national energy assets, and position Nigeria's petroleum resources as a foundation for sustainable economic transformation.   The Taskforce will automatically dissolve upon submission and acceptance of its final report.   Bayo Onanuga Special Adviser to the President (Information & Strategy) March 13, 2026

PRESIDENT TINUBU ESTABLISHES TASK FORCE ON PRESIDENTIAL PETROLEUM REFORM & VALUE OPTIMISATION   President Bola Ahmed Tinubu, GCFR, has approved the establishment of a Presidential Petroleum Reform & Value Optimisation Taskforce to design and sequence the next phase of structural reforms in Nigeria's petroleum sector.   Mr Fola Adeola, co-founder of Guaranty Trust Bank and founder and chairman of the Fate Foundation, is the Task Force's chairman. As chairman, he will coordinate the group's work and ensure the timely delivery of its mandate.   Other members of the Taskforce are: Ademola Adeyemi-Bero, Osagie Okunbor, Abubakar Suleiman, Adaeze Aguele, Farouk Gumel, Phillipa Osakwe-Okoye and Seyi Bella.   Mofoluwasho Fadayomi will serve as secretary.   As constituted, the Taskforce is a time-bound, high-level executive working group tasked with producing execution-ready reform blueprints that will consolidate ongoing reforms, unlock capital within the petroleum sector, and strengthen Nigeria's position as a leading global energy investment destination.   The initiative reflects the President's commitment to transforming Nigeria's petroleum industry into a more competitive, transparent, and value-maximising sector capable of driving long-term economic growth, macroeconomic resilience, and industrial development.   It will operate as a technical reform body rather than a representative committee, engaging industry operators, regulators, investors, and civil society as consultees while focusing on actionable policy design and implementation strategies.   The Taskforce will report directly to the President and provide monthly progress memoranda. An interim report will be submitted after three months, while the final outputs are expected within six months of inauguration.   President Tinubu expects the Task Force to deliver three major reform blueprints.   One of the deliverables is the Implementation Toolkit for Immediate Structural Fixes – including draft legislative amendments, executive instruments, and institutional restructuring proposals.   The second deliverable is the Capital & Liquidity Acceleration Blueprint, aimed at unlocking $5–10 billion in sectoral liquidity while safeguarding Nigeria's sovereign interests.   The third blueprint will focus on the National Energy Transformation Strategy – a ten-year roadmap with measurable targets for production, foreign exchange earnings, GDP contribution, and cost competitiveness.   President Tinubu has directed all Ministries, Departments, Agencies, regulators, and relevant institutions to provide full technical support to the Taskforce and to submit inventories of ongoing initiatives to ensure alignment with the emerging reform framework.   In furtherance of this directive,  President Tinubu has also directed all existing committees, teams, and working groups established under various reform initiatives within the sector to align their activities, reporting structures, and work programmes with the new Task Force.   The streamlining will ensure coordination, avoid duplication of mandates, and provide institutional clarity, thereby ensuring coherence in the petroleum sector reform architecture.   The President has also directed that all relevant documentation, institutional knowledge, and ongoing workstreams should be made available to the Taskforce to support the development and implementation of its comprehensive reform framework.   The creation of the Taskforce represents a strategic presidential instrument to accelerate petroleum sector reforms, strengthen governance architecture, optimise national energy assets, and position Nigeria's petroleum resources as a foundation for sustainable economic transformation.   The Taskforce will automatically dissolve upon submission and acceptance of its final report.   Bayo Onanuga Special Adviser to the President (Information & Strategy) March 13, 2026

PRESIDENT TINUBU NOMINATES OYEDELE AS MINISTER OF STATE FOR FINANCE   President Bola Ahmed Tinubu has nominated Mr Taiwo Oyedele as the minister of state for finance, replacing Dr Doris Uzoka-Anite   Uzoka-Anite will now move to the Ministry of Budget and National Planning, as the Minister of State, her third portfolio in the administration.   President Tinubu has today conveyed the nomination of Oyedele to the Senate for confirmation in a letter to the Senate President, Godswill Akpabio.   Until President Tinubu nominated him as a minister, Oyedele from Ikaram, Akoko, Ondo State, was the chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, which overhauled Nigeria’s tax system.   Oyedele, 50, is an economist, accountant and public policy expert.   He attended Yaba College of Technology, where he obtained a Higher National Diploma (HND) in accountancy and finance. He attended Oxford Brookes University and earned a BSc in applied accounting.   He also completed executive education programmes at the London School of Economics, Yale University, the Gordon Institute of Business Science, and the Harvard Kennedy School.   Oyedele spent 22 years of his working career at PwC, joining in 2001 and rising to become the Fiscal Policy Partner and Africa Tax Leader.   Oyedele is also a professor at Babcock University in Ogun State and a visiting scholar at the Lagos Business School.   Bayo Onanuga, Special Adviser to the President, (Information and Strategy) March 3, 2026

INSIDER REPORT: Following my in-depth investigation and thorough fact-checking, as promised, I present Coach Eric Chelle’s 19-point conditions for a contract extension, formally submitted to the Nigeria Football Federation (NFF) on January 22, 2026. The document is published in full, exactly as it was delivered to the NFF. 👇 PROPOSED TERMS AND FIGURES FOR ERIC SEKOU CHELLE 1. Private car (SUV) with a chauffeur and security. 2. House in a well secured environment with 24hrs uninterrupted power supply (electricity). 3. Furnished office with projector for analysis. 4. Internet provision. 5. Flight tickets for wife and two children (Eric and wife Business class) children economy. 6. GPS provision. 7. Supply of proper equipment in accordance to the coach’s demand. 8. Based on opponents, the coach has the right of choice regarding int’l friendly matches. 9. Camping programs. 10. The coach will initiate programs for youth development. 11. Provision for the coach to travel, watch, monitor and engage players of the national teams abroad. 12. Provision for the coach to travel to watch the local league to identify potential players that will be integrated in to senior national team, A U23, U20 and U17. 13. No Interference in team selection and players call up. 14. The NFF has to issue a working contract for my staffs. 15. Salary needs to be paid on or before 30th of every month. 16. Bonus and allowance as per federation structure. 17. Request to include my PA in the bonus and allowance structure. 18. Proposed salary of $130,000.00 (One hundred and thirty thousand dollars) monthly. The amount included all my technical staffs and PA. 19. Monthly meeting with all the national team coaches. Do you think the Franco-Malian coach deserves all these demands? And from the NFF’s perspective, which of them appears out of place? (c) 'Shina Oludare