Federal Government Targets $1 Trillion GDP Through Radical Investment Mobilization

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January 3, 2026

According to The Guardian Nigeria, the Federal Government has unveiled a strategic roadmap to propel Nigeria toward a $1 trillion Gross Domestic Product (GDP) by 2036. The 2026 phase of this plan focuses on ‘stabilization to expansion,’ prioritizing the removal of regulatory barriers to unlock private capital.

The Minister of State for Finance, Dr. Doris Uzoka-Anite, emphasized that the government is moving away from purely fiscal management to a sector-led growth model. This involves fast-tracking ‘bankable projects’ in agriculture, manufacturing, and tech to attract both domestic and foreign investors.

Proshare confirmed the policy direction, reporting that ‘the FG outlines key policies to accelerate growth and job creation’ in the coming months. AllAfrica further validated the story, stating that ‘2026 marks a turning point’ where the government will pivot decisively toward attracting long-term capital.

Echotitbits take: Ambition is good, but the $1 trillion target requires consistent double-digit growth, which Nigeria hasn’t seen in decades. The success of this agenda hinges entirely on whether the government can provide ‘policy clarity’ that actually survives the frequent shifts in political leadership.

Source: The Guardian — https://guardian.ng/news/fg-targets-1tr-economy-through-investment-local-production/
The Guardian January 3, 2026

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Adoption of Electric Vehicles in Nigeria Surges by 400% Within Five Years

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B.O.B Echoload

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January 3, 2026

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Figures cited by The Guardian Nigeria indicate a monumental shift in Nigeria’s transport sector, with electric vehicle (EV) adoption growing by 400% over the last five years. Lagos State Deputy Governor, Dr. Obafemi Hamzat, revealed these statistics, linking the surge to the high cost of petroleum and new green energy incentives.

The state government is reportedly planning to expand the network of charging stations across the Lagos metropolis to support this transition. This move aligns with Nigeria’s broader commitment to reducing carbon emissions and diversifying the nation’s energy consumption patterns in urban centers.

Punch Newspaper validated the trend, reporting that ‘Nigerians are increasingly pivoting to alternative energy’ as fuel prices remain volatile. BusinessDay also noted that ‘growing sports and entertainment events are shaping youth’ to embrace modern, sustainable lifestyles including EV technology.

Echotitbits take: A 400% increase sounds impressive, but it starts from a very low base. For EVs to become mainstream, the government must fix the underlying electricity crisis; otherwise, these cars will just be expensive driveway ornaments during power outages.

Source: The Guardian — https://guardian.ng/technology/electric-vehicles-nigerian-economy-and-business-opportunities/
The Guardian January 3, 2026

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Massive Cocaine Haul Intercepted at Apapa Port on Marshall Islands Vessel

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B.O.B Echoload

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January 3, 2026

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According to The Guardian Nigeria, a joint operation by the Nigerian Customs Service and the NDLEA led to the seizure of 30.1kg of cocaine at the Apapa Port in Lagos. The illicit substance was discovered aboard a vessel flying the flag of the Marshall Islands, hidden within a specialized compartment.

The interception is being hailed as a major victory in the ongoing war against international drug trafficking syndicates using Nigerian ports as transit hubs. Security agencies have already commenced a deep forensic investigation into the ship’s manifest and the identities of those involved in the logistics chain.

Vanguard supported this report, highlighting that ‘Customs and NDLEA are stepping up vigilance at maritime gateways’ following several high-profile busts. BusinessDay also cited the development, quoting officials who noted that ‘illicit trade must be shunned’ to protect Nigeria’s international trade reputation.

Echotitbits take: The use of a foreign-flagged vessel suggests a sophisticated international ring. While the seizure is commendable, the real challenge lies in prosecuting the high-level financiers behind these shipments, who often hide behind layers of corporate shell companies.

Source: Vanguard — https://www.google.com/amp/s/www.vanguardngr.com/2026/01/customs-ndlea-intercept-30-1kg-cocaine-on-marshall-islands-flagged-vessel-at-lagos-port/amp/
Vanguard January 3, 2026

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Super Eagles Crowned Group Stage’s Deadliest Attack at AFCON 2025

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B.O.B Echoload

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January 3, 2026

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Figures cited by Daily Post show that the Nigerian Super Eagles have emerged as the most prolific scoring side in the group stages of the 2025 Africa Cup of Nations in Morocco. Finishing at the top of Group C with a perfect nine points, the team netted eight goals, the highest tally of the tournament so far.

The statistical dominance is supported by CAF data, which shows Nigeria leading in ball possession with an average of 66% and recording more shots on target than any other competing nation. The attacking quartet of Victor Osimhen, Ademola Lookman, and Akor Adams has been credited with the team’s clinical efficiency in the final third.

The Guardian Nigeria validated the team’s momentum, noting that ‘Nigeria’s attack is shaping youth expectations’ and driving a surge in continental pride. Furthermore, Vanguard reported that the team is now a clear favorite for the title, stating: ‘The Super Eagles are currently the most potent attacking team.’

Echotitbits take: The Super Eagles finally seem to have found the balance between flair and finishing. However, as the tournament enters the Round of 16, the focus must shift to defensive discipline, as knockout football rarely favors teams that neglect their backline.

Source: Daily Post — https://dailypost.ng/2026/01/01/afcon-2025-super-eagles-finish-group-stage-with-most-potent-attack/
Daily Post January 3, 2026

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Governor Yusuf Delays Highly Anticipated Move to APC for Further Consultations

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B.O.B Echoload

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January 3, 2026

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In an update published by Daily Post, the scheduled defection of Kano State Governor, Abba Kabir Yusuf, from the New Nigeria Peoples Party (NNPP) to the All Progressives Congress (APC) has been postponed. Originally slated for January 5, 2026, the official ceremony is now expected to take place on January 12.

The delay reportedly stems from the Governor’s desire to hold additional high-level meetings with key stakeholders and state legislators who remain skeptical of the move. Sources suggest that a recent meeting with Vice President Kashim Shettima in Abuja played a pivotal role in the strategic decision to allow more time for internal party alignment.

Vanguard confirmed the political shift, noting that ‘Kano’s political landscape remains in flux’ as the Governor seeks a smoother transition. Premium Times also reported on the development, stating that the ‘PDP describes Mutfwang’s earlier defection as a betrayal,’ highlighting the growing tension surrounding cross-carpeting governors in the region.

Echotitbits take: Governor Yusuf is clearly treading carefully to avoid a legislative crisis or a ‘Kankwaso backlash.’ If he successfully moves to the APC, it will effectively consolidate the ruling party’s grip on the North-West ahead of the next election cycle.

Source: Independent — https://independentpost.ng/29528-2/
Independent January 3, 2026

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Nigerian Military Issues Urgent Alert Over Unexploded Ordnance Following US-Backed Strikes

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B.O.B Echoload

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January 3, 2026

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Reporting by BusinessDay indicates that the Defence Headquarters (DHQ) has released a high-priority warning to residents in northern Nigeria concerning the dangers of unexploded ordnance (UXO). This follows a series of successful US-supported airstrikes targeting Islamic State-linked insurgent camps in Sokoto State.

The military command noted that while the aerial bombardment successfully neutralized high-value targets, the risk of residual explosive materials remains high in the impacted zones. Local communities have been strictly advised to avoid picking up or tampering with any metallic objects or debris found near strike locations to prevent accidental detonations.

Validation of this safety crisis comes from The Punch, which reported that ‘security forces are now conducting sweep-and-clear operations’ to decontaminate affected rural farmlands. Additionally, The Cable quoted a military spokesperson who emphasized that ‘civilians must not pick up such materials’ and should instead report sightings to the nearest security outpost.

Echotitbits take: While the airstrikes provide a much-needed boost to national security, the humanitarian risk posed by UXOs could alienate local populations. The government needs to prioritize rapid decontamination of these areas to ensure that farmers can return to their fields without fear of stepping on explosives.

Source: Reuters — https://www.reuters.com/world/africa/nigeria-urges-civilians-avoid-debris-us-backed-strikes-islamists-2026-01-02/
Reuters January 3, 2026

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Destiny Etiko Reflects on 2025 Wins While Teasing ‘Bigger Deals’ for 2026

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B.O.B Echoload

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January 3, 2026

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In an update published by Vanguard, Nollywood superstar Destiny Etiko has expressed her gratitude for a successful 2025, which saw her dominate both the box office and digital streaming platforms. The actress hinted at major international collaborations and production deals already signed for the 2026 calendar year.

Etiko’s rise coincides with the broader growth of the Nigerian entertainment industry, which has become a significant contributor to the nation’s non-oil GDP. Her message to fans emphasized resilience and the importance of professional evolution in an increasingly competitive global market.

The Guardian noted that entertainment spaces like Lakowe Lakes are ‘quietly challenging how people connect,’ reflecting the lifestyle boom Etiko represents. Additionally, BusinessDay highlighted that ‘growing sports and entertainment events are shaping youth and the economy,’ marking personalities like Etiko as key economic influencers.

Echotitbits take: Etiko has successfully transitioned from ‘YouTube Queen’ to a legitimate corporate brand. Her 2026 strategy likely involves behind-the-camera roles, following the path of Funke Akindele and Mo Abudu in building media empires rather than just acting.

Source: Facebook — https://web.facebook.com/100070183201863/posts/actress-destiny-etiko-sealed-the-year-2025-with-heartfelt-gratitude-message-as-s/1179369201079176/?_rdc=1&_rdr#
Facebook January 3, 2026

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Kidnappers Demand N450 Million Ransom for Abducted Kwara Monarch

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B.O.B Echoload

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January 3, 2026

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According to The Guardian, kidnappers who abducted the Oniwo of Aafin, Oba Simeon Olaonipekun, along with his son and other villagers, have demanded a ransom of N450 million. the traditional ruler was taken from his community in Kwara State during a late-night raid that has left the local population in a state of panic.

The abduction highlights the persistent ‘Kidnap Terror’ that has returned to parts of the North-Central and North-West regions. Security forces have reportedly been deployed to the area, but no rescue has been affected as of Saturday morning.

Vanguard described the situation in its special report, noting that ‘from Abuja to North, communities live in fear again’ as abduction cases spike in the new year. The Cable also tracked the incident, adding that the Kwara State government is currently in emergency talks with traditional rulers to bolster local vigilante groups.

Echotitbits take: Targeting traditional rulers is a deliberate tactic to break community morale. The high ransom demand suggests that kidnapping has remained a ‘profitable’ enterprise despite the government’s efforts to track financial flows through the NIN-SIM linkage.

Source: The Guardian — https://guardian.ng/news/nigeria/metro/kidnappers-demand-n450m-to-release-kwara-monarch-son-others/

The Guardian January 3, 2026

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Tragedy in Lagos as Fire Claims Eight Lives at Great Nigeria Insurance Building

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B.O.B Echoload

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January 3, 2026

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Reporting by The Cable confirms that eight people lost their lives in a devastating fire that gutted the Great Nigeria Insurance (GNI) building in Lagos. Governor Babajide Sanwo-Olu, who visited the scene, confirmed the fatalities and stated that thirteen survivors are currently receiving medical attention.

The Governor has ordered the immediate demolition of the burnt-out structure to prevent a secondary collapse. The incident has once again raised questions about fire safety protocols in the high-rise buildings of the Lagos Central Business District, particularly during the dry Harmattan season.

BusinessDay reported that ‘Sanwo-Olu confirms 8 fatalities, 13 survivors,’ while Premium Times noted that the death toll rose after several victims succumbed to their injuries in the hospital. The state government has pledged to conduct a forensic audit of all high-rise buildings in the vicinity.

Echotitbits take: This is a grim reminder of the infrastructure decay in Lagos Island. Beyond condolences, the state must enforce the 2025 Building Safety Code strictly; otherwise, these ‘preventable’ tragedies will continue to haunt the city’s skyline.

Source: Premium Times — https://www.premiumtimesng.com/news/top-news/847230-sanwo-olu-orders-demolition-of-burnt-out-gni-building-as-fire-death-toll-rises-to-eight.html
Premium Times January 3, 2026

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Otedola Applauds FirstBank’s N500 Billion Capital Milestone

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B.O.B Echoload

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January 3, 2026

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Figures cited by Premium Times show that FirstBank of Nigeria has successfully completed its N500 billion capital raise, a move lauded by billionaire investor Femi Otedola. Otedola praised both President Tinubu and CBN Governor Yemi Cardoso for creating the regulatory environment that allowed for such a massive capital injection.

The capital raise is part of the CBN’s mandate for commercial banks to strengthen their balance sheets to support a 1 trillion economy. FirstBank’s success is seen as a bellwether for the rest of the banking sector, many of whom are still in the middle of their own rights issues or public offers.

The Nation added that the ‘economy will profit from financial sector reforms,’ noting that stronger banks will be better positioned to lend to the real sector. BusinessDay also listed this as one of the ’25 deals that shaped Nigeria’s corporate environment,’ marking it as a defining moment for 100-year-old institution.

Echotitbits take: FirstBank reaching this goal ahead of schedule is a massive liquidity boost for the Nigerian stock exchange. Expect Otedola to continue pushing for a ‘N1 trillion capital base’ as the new gold standard for Tier-1 banks in Nigeria.

Source: Premium Times — https://www.premiumtimesng.com/business/business-news/847084-otedola-urges-cbn-to-raise-banks-capital-to-%E2%82%A61-trillion-as-firstbank-meets-%E2%82%A6500bn-requirement.html
Premium Times January 2, 2026

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