President Bola Ahmed Tinubu has approved a minor reshuffle of the Federal Executive Council, removing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Dangiwa, from their positions.

: President Bola Ahmed Tinubu

This is contained in a statement issued on Tuesday by Mr Yomi Odunuga, Special Adviser, Media and Publicity to the Secretary to the Government of the Federation (SGF).

Odunuga said the directive was conveyed through a memo signed by the SGF, George Akume.

According to the memo, Mr Taiwo Oyedele has been appointed as the new Minister of Finance and Coordinating Minister of the Economy.

It also named Dr Muttaqha Darma as Minister-designate for Housing and Urban Development.

The statement directed the outgoing ministers to commence immediate handover processes to their successors or designated supervising officials.

It added that all handover and takeover activities must be concluded on or before the close of business on Thursday, April 23, 2026.

The reshuffle is part of ongoing efforts by the administration to strengthen governance and improve service delivery across key sectors of the economy.

First City Monument Bank (FCMB), has trained media practitioners on how to leverage social media platforms to generate sustainable income.

Mr Diran Olojo, Divisional Head, Corporate Affairs at FCMB

The training, a one-day masterclass titled “The Monetised Content: A Media Masterclass,” with the theme “Elevate & Earn: The Media Entrepreneurship Masterclass,” was held on Monday at FCMB’s office in Victoria Island, Lagos.

Speaking at the event, Mr Diran Olojo, Divisional Head, Corporate Affairs at FCMB, urged journalists and content creators to rethink the traditional practice of media as solely a public service, encouraging them to see it also as a viable business.

Olojo noted that the media landscape is rapidly evolving due to digital technology, creating new opportunities for professionals to build platforms that are both impactful and financially rewarding.

He explained that beyond informing the public, content creators can now monetise their skills through various digital channels, including advertising, sponsorships, and audience subscriptions.

According to him, strategic communication has become a powerful tool globally, citing how countries deploy digital media to shape narratives and influence public opinion.

Also speaking, Chris Ihidero, a filmmaker and former journalist, encouraged participants to embrace the shift from traditional media models to digital-first platforms.

He described the transition as moving from “media that is paid” — where journalists depend on salaries — to “media that pays,” where creators earn directly from their content.

Ihidero highlighted platforms such as YouTube and TikTok as key avenues where creators can build audiences and generate income through views, engagement, and partnerships.

He stressed the importance of building a strong personal brand, noting that credibility and trust are valuable assets in the digital age.

“Focus on a niche, create quality content consistently, and diversify your presence across platforms,” he advised.

He also emphasised that despite the shift to digital platforms, core journalistic principles such as research, accuracy, and fact-checking remain essential.

In his remarks, Fisayo Soyombo, Editor-in-Chief of the Foundation for Investigative Journalism (FIJ), highlighted the need for strong institutional values in media organisations.

Soyombo said that credibility, ethical practices, and staff welfare are critical to building sustainable media outfits and retaining talent.

He added that media organisations must prioritise transparency and accountability to maintain public trust and contribute meaningfully to society.

The initiative, organisers said, is part of ongoing efforts to equip media professionals with the skills needed to adapt to the changing media environment and tap into emerging economic opportunities.

Nigeria CommunicationsWeek reports that the growing influence of social media has transformed how information is produced, distributed, and consumed, creating new pathways for journalists and content creators to earn income while reaching wider audiences.

Bank of Industry (BOI), Nigeria’s foremost Development finance institution and the Raw Materials Research and Development Council (RMRDC) have sealed a strategic partnership agreement to strengthen Nigeria’s agricultural value-chain and boost country’s Gross Domestic Product (GDP) value.

The agreement was formalised on Friday, April 17, 2026 with the signing of a Memorandum of Understanding (MoU) between both organisations.

The agreement was the culmination of extensive engagements between key stakeholders of both institutions and seeks to enhance the value addition of key agricultural commodities and raw materials, addressing challenges in critical areas such as value chain development, harvesting, post-harvest losses, seedlings, cultivation, storage, processing, packaging, logistics, and marketing.

The initiative aligns with BOI’s mission to boost the Nigerian economy, entrench national goals of reducing post-harvest losses, drive promotion of import substitution, improve the nation’s GDP, enhance wealth sustainability through job creation, and foster entrepreneurship and industrial capacity in the country.

To ensure the sustainability of the MoU, BOI has established a Joint Steering Committee to oversee the implementation of the objectives which include: the development of a comprehensive strategy for minerals value-chain, agricultural value-chain development, covering seed development, cultivation, post-harvest management, processing, packaging, and market access, and facilitate the adoption and scaling of RMRDC’s locally developed machinery for raw materials value-chain development.

To address the challenges of post-harvest losses, the agreement ensures the development of a framework that improves storage, processing, logistics, and undertakes joint feasibility studies and pilot projects for key commodities such as onions, cassava, kenaf, leather, kaolin, and other industrial raw materials.

Speaking at the signing of the MoU, the Managing Director/CEO of Bank of Industry, Dr. Olasupo Olusi said, “This partnership brings together two institutions with complementary strengths: RMRDC’s deep expertise in raw materials research and development, and BOI’s capacity to translate viable projects into financed, executable industrial investments. Together, we can do what each institution cannot do as effectively on its own. We can convert research into bankable projects that add value, create jobs, and retain wealth within our economy.

“In practical terms, this means identifying and developing raw material-based opportunities across agro-processing, solid minerals, and industrial inputs, and channeling BOI financing to the entrepreneurs and enterprises ready to process local resources into finished and semi-finished goods. Nigeria’s raw materials should not be leaving our shores as commodities. They should be leaving as products.

“At BOI, we are ready. Ready to co-identify opportunities, structure financing, and support the enterprises that will turn this framework into concrete industrial outcomes. Let this be the beginning of a collaboration that Nigerians will feel, in the factories that open, the jobs that are created, and the value that stays here at home.”

In his remarks, the Director General/CEO, Raw Materials Research Development Council (RMRDC), Prof. Nnanyelugo Martin Ike-Muonso, said, “We, at the Raw Material Research and Development Council, deeply appreciate this relationship, and we are thrilled to initiate the formalisation process. We are uniting on key aspects, primarily focusing on value exchange development and promoting the advancement of process technologies.

“These elements serve as the foundation for industrialisation, the creation of prosperity, and the generation of employment, along with all the indicators that guarantee that people live the kind of lives that they deserve.

“The future, the prosperity, the happiness of this country, partially lies in your hands (BOI). So, by accepting to work with us to finance this, we are very grateful. We are also grateful that you’re taking us in to work together in co-designing, in co-sharing, data sharing, co-service programmess, and joint implementation of these programmes, as well as joint efforts on advocacy.

“So, by coming up strongly to say you are going to finance and work with us on this, it gives hope, and then it gives hope to the country and all the people who believe that this project will work.”