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22 -Yaers Cracked Marriage: Ajibola Ponle Will Remain Undaunted As Husband Family Attestes to her Faithfulness

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The marriage between Ajibola and Michael Ponnle may be heading for the rocks, and as you are reading this, there have been very rife trajectories trailing the propriety or otherwise of Lagos State Commissioner for Establishment, Training, and Pensions, Mrs. Ajibola Ponnle, in her 22-year visibly crashing marriage, a development that has been causing some unpleasantness to the principal character, especially at her duty post as a cabinet office member in the Centre of Excellence State, as it borders on her marital status.No doubt, Jibola is seeking dissolution of her marriage to Abiodun Ponnle, the son of famed MicCom boss, Sir Michael Ponle, a marriage that produced three lovely boys. But the recent campaign of calumny and pull-her-down propensities against the amiable lady got a new twist, when, contrary to expectations, impeccable sources close to the estranged couple came out in very strong words to defend her that most of the stories flying around are full of lies and fabrications aimed at distorting the facts on ground.According to these sources, some of who interestingly are from the unabashed woman’s spouse’s family, unknown to many, the lady in question is a woman of good virtues and exemplary character and has never been found wanting in her long-standing marriage to her husband, until a bubble burst, which put a seeming nail on the marriage few years back. They say that Jibola, then, on account of that burble, had to respectfully leave her matrimonial home in Banana Island, Lagos, precisely on January 9, 2016 when she could no longer cope with the repeated hassles from her husband. Though she moved into another apartment inside the same Banana Island, the couple remained estranged and bitter to each other, especially when it was alleged that Biodun, her husband, who used to run the defunct Origin Oil & Gas, was dating a popular Instagram fashion influencer, simply known as Juliet.According to the sources, Juliet moved in with her daughter into the Ponle’s Banana Island matrimonial home, immediately after Jibola was forced to move out with her three kids, and thus foreclosed any form of settlement. Without allowing that development to affect her emotionally or otherwise, as a thorough-bred professional and very courteous woman, Jibola decided to take everything in her stride with philosophical calmness, preferring to focus more on her career and her kids; more so, when it was already a well-known fact that her estranged husband was seeing another woman.

“This is pure jealousy at its best. Jibola’s estranged hubby and some of her friends are not really happy that rather than quake after her failed marriage, she was waxing stronger as she has moved on with her life and capped it becoming a commissioner,” one of the sources said.

It was also gathered from those in the know, that the Ponle family is not particularly happy with the happenings around their son and daughter-in-law. In a message by one Kolawole, one of Biodun’s siblings, he expressed the disappointment of the family over the divorce saga.

His message read: “Last week we received a text message that broke our heart. The text message contained weblinks to an article evidently sponsored by mischief makers simply set out to destroy the image of an innocent woman, Ajibola Yewande Ponle. As such, we make clear to say the absurd narrative is a gross distortion of facts and demonstrated a lack of integrity and decency by the perpetrators. “Ajibola (Sister Jibs as fondly referred to by my lovely wife) is a wonderful woman, wife, mother, sister, colleague, mentor and friend. She is intelligent, honest, hard-working and above all is faithful in her service to God and mankind. She exudes humility, respect and integrity which is evident to all including members of the nuclear and extended Ponle family. This is why we cannot keep quiet and watch her good image being maliciously smeared in the public.“As a wife, we saw her as diligent. She served our entire family, always tolerant and accommodating. She walked tall and earned the respect of all. She sacrificed her career as a Chartered Accountant which was promising and successful to start self-employment in order to have more time for her family.  She’s obedient and thoughtful, content, and selfless. She was an example our late mother referenced always to my wife. So, the pain felt by our father, Prince Ponnle and many members of the family when we read the malicious article in social media attempting to depict Ajibola as fraud is indescribable. These are twisted tales and sadly we know the source of this deliberate attempt to pay the media in a smear campaign to assassinate Ajibola Ponle’s character.“Consequently, we boldly claim that the impression being circulated about Ajibola is False and is intended by enemies of great deeds and progress who lack the capacity and ability to do what is right and make the right decisions. Typically, through it all, she has kept her dignity with silence, prayer and hard work.  She has refused to let the happenings around her phase her. Ajibola’s story and professional career is unblemished, a champion of many ‘firsts’ (her profile speaks for itself). Our late mother, Comfort Olufunke Ponnle was very fond of her and loved her so dearly. We will, as such, always be proud of her and achievements and stand by her.”

It was, however, learnt that the ugly stories began to fly around again immediately Jibola was appointed a Commissioner. But she was said to be determined to succeed in her assignment. The story of Jibola as a management expert and life coach inspired a lot of people. She was already working with Arthur Anderson when she met her estranged hubby. By the time she was 30, Jibola was already a senior management staff at British American Tobacco, next level to Finance Director. She later enrolled at the George Washington University in the United States to get certification in global best practices in event management. Jibola also served as the Registrar/Chief Executive Officer of the Chartered Institute of Personnel Management of Nigeria for a two-year period. During the period, she engaged in a number of initiatives that expanded the institute’s frontiers and promoted the CIPM brand.

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Update :FG Unveils Additional 10 Steps to Reduce Impact of Rising Fuel Prices

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The Federal Government has announced ten new measures to reduce the pain Nigerians feel from high fuel prices. It insists, however, that none of them brings back the old fuel subsidy for everyone.

The measures were presented by the Federal Ministry of Finance at a press briefing on Thursday, 8 October 2026, titled “Fuel Prices and the Subsidy Question.” The government admitted its earlier steps fell short. According to the presentation, “These measures do not fully relieve the pressure households feel today, so the government is going further.”

The government described the new package as “Help that is targeted, temporary and affordable.” In plain terms, the help is meant for those who need it most, will not last forever, and is designed so that the country can pay for it.

Cheaper petrol and more cash support

The first measure is a discount on petrol sold at NNPC filling stations. The discount will last for the next 30 days, and public transporters, such as commercial bus and taxi operators, will get priority. The government hopes this will help keep transport fares from rising further.

The government also plans to increase cash transfers to vulnerable households. Small businesses will get cheaper loans, known as subsidised credit, to help them cope with higher running costs.

Steps to keep pump prices steady

To protect Nigerians from sudden jumps in world oil prices, the government will sell crude oil in advance to local refineries. This is expected as oil production rises and crude previously committed to other purposes becomes available. The presentation says this will shield “pump prices from global swings.” ShopAfrican Art

The government will also introduce what it calls price modulation. Under this plan, a negotiated limit of ₦1,350 per litre will apply to the ex-gantry price (the price at the depot) or the landing cost (the cost of bringing the fuel into the country). The limit will be reviewed every month, so it can change as conditions change.

A National Strategic Fuel Reserve will also be set up. Fuel from the reserve will be released “under published rules when disruption or hoarding threatens supply.” This means the government can step in when fuel becomes scarce or when marketers hold back products to push up prices.

Lowering the cost of transport and doing business

The government says part of what Nigerians pay for transport comes from illegal charges on the roads. It will work with state governments under the 2025 tax laws to rein in road taxes that push up fares.

It will also speed up the rollout of compressed natural gas (CNG) as a cheaper alternative to petrol, again working with the states. Transporters who benefit from cheaper fuel are expected to “pass savings on in lower fares” to passengers.

Other steps target the cost of goods and services more broadly. The government will cut regulatory costs, described as red tape, that “feed into the price of goods and services.” It will also ease traffic in cities to save fuel, and it will use NIPOST address codes to reduce the cost of moving goods from one place to another.

One measure has not yet been decided. The government is considering an excess profit tax on operators it says exploit consumers. If it goes ahead, the money raised will fund transport support and vouchers for low-income earners.

No return to blanket subsidy

The ministry ended the presentation with a clear message, “None of these measures restores a blanket subsidy.” The government is therefore not returning to the old system, where fuel was sold cheaply to everyone. It says its new approach will reach “the people who need help without putting the wider economy at risk.”

The announcement comes as many households as possible, and businesses struggle with the high cost of transport, food, and other goods linked to fuel prices. How much relief Nigerians feel will depend on how quickly and effectively these measures are carried out, and whether transporters and marketers pass the benefits on to consumers.

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Nigeria Emerges as Africa’s Biggest Climber in Investment Risk Ranking on Back of Tinubu’s Economic Reforms

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Nigeria has emerged as the biggest climber in Africa’s latest investment risk ranking, rising four places to eighth position as economic reforms implemented by President Bola Tinubu improved the country’s relative attractiveness to investors, a new report by Bloomberg has stated.

Nigeria overtook Rwanda, Tanzania, Kenya and Namibia in the 2026 Bloomberg Economics Investment Risk-O-Meter, which assesses the relative investability of 19 African economies.

Bloomberg, in the report released on Monday, said Nigeria’s improvement was driven by stronger performance in three of the five indicators used in the assessment: economic strength, fiscal strength and external vulnerability.

“Nigeria was the biggest climber in a ranking of Africa’s most investable markets, propelled by President Bola Tinubu’s economic reforms, according to the findings of the latest edition of An Investor’s Guide to Africa.

“The continent’s biggest oil producer and refiner rose four places to eighth in the 2026 Bloomberg Economics Investment Risk-O-Meter, overtaking Rwanda, Tanzania, Kenya and Namibia as it improved in three of the five metrics assessed by the gauge: economic strength, fiscal strength and external vulnerability,” Bloomberg reported.

The development puts Nigeria among the biggest gainers on the continent, despite ongoing concerns about the country’s high public debt, cost of living, inflation, infrastructure deficit and foreign exchange pressures.

Mauritius emerged as the most investable African market in the latest ranking, while Botswana fell two places. South Africa, which topped the ranking in the previous edition, also dropped one place following a weaker economic growth outlook.

Nigeria’s improved position comes more than three years after Tinubu assumed office and embarked on a series of major economic reforms aimed at restructuring the country’s fiscal and monetary environment.

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Among the most significant measures were the removal of the petrol subsidy, reforms to the foreign exchange market and changes to electricity tariffs.

The Federal Government has repeatedly defended the reforms as necessary to address distortions that had weighed on public finances, discouraged investment and placed pressure on foreign exchange reserves.

However, the policies have also increased economic hardship for households and businesses, particularly through higher transport, food and energy costs. Despite the adjustment pains, Nigeria’s economy has continued to expand during the period under review.

Real Gross Domestic Product growth rose from 2.54 per cent in the third quarter of 2023 to 3.46 per cent in the fourth quarter of that year.

The economy subsequently grew by an average of 3.19 per cent in 2024 before accelerating to 3.85 per cent in 2025, its strongest annual performance within the period covered by the assessment.

Growth stood at 3.89 per cent in the first quarter of 2026, bringing the average quarterly growth between the third quarter of 2023 and the first quarter of 2026 to about 3.46 per cent.

The stronger growth performance has come alongside efforts by the government to increase revenue, reduce fiscal leakages and attract investment into critical sectors of the economy.

Nigeria’s improved position in the Bloomberg ranking, however, comes against the backdrop of a substantial increase in public debt.

Data from the Debt Management Office showed that Nigeria’s total public debt stood at N87.38tn as of June 30, 2023, shortly after Tinubu took office. By December 31, 2025, the figure had risen to N159.28tn. This represents an increase of N71.90tn, or about 82.3 per cent, in two and a half years.

The increase was driven by new borrowing, foreign exchange adjustments and the securitisation of certain legacy obligations, according to the DMO.

The development is significant for a country that has struggled for years to attract sufficient foreign capital because of concerns over exchange-rate instability, policy uncertainty, weak infrastructure, insecurity and limited fiscal space.

The reforms under the Tinubu administration have sought to address some of these constraints by allowing market forces a greater role in determining fuel prices, foreign exchange rates and electricity tariffs.

The foreign exchange reforms, in particular, were designed to reduce multiple exchange rates and improve transparency in the currency market, while the removal of the petrol subsidy was intended to reduce the government’s fiscal burden.

The electricity tariff reforms were also aimed at improving the financial viability of the power sector and encouraging investment by allowing electricity prices for some customer categories to better reflect supply costs.

Nigeria’s rise in the Bloomberg ranking therefore marks an improvement in its relative position among African investment destinations, even as investors continue to monitor the sustainability of its reforms, debt burden and economic growth.

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Update : Tinubu Expected Back in Abuja Today After Six-Day Stay in Lagos

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President Bola Ahmed Tinubu is expected back in Abuja this evening after concluding a six-day stay in Lagos, the Presidency announced on Monday.

The President will depart Lagos for the Federal Capital Territory after a visit during which he participated in activities marking Nigeria’s 66th Independence Day anniversary and held other engagements. SahelSecurity Report

Tinubu arrived in Lagos on Tuesday, September 29, following his annual holiday in London and Paris.

While in Lagos, the President addressed Nigerians on October 1 to mark the country’s 66th Independence Day anniversary.

Later that day, he attended the national premiere of MKO, a documentary chronicling the life, political struggle, and legacy of the late Chief Moshood Kashimawo Olawale Abiola, as well as the historic June 12 pro-democracy struggle.

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The premiere was held at the Wole Soyinka Centre for Culture and Creative Arts in Lagos.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, confirmed the President’s return to Abuja in a State House statement issued on Monday.

“President Bola Ahmed Tinubu will depart Lagos for Abuja this evening after his six-day visit to the former seat of government,” Onanuga said.

 

 

 

 

 

 

 

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