A US District Court has ordered the release of over $6 million in arms procurement funds the US government had seized since 2014. The funds were confiscated from an arms broker who attempted to supply military equipment to Nigeria without the necessary licence. This ruling confirms Nigeria's legitimate interest in the funds, marking a crucial step in enhancing its military capabilities.
In other news, President Bola Tinubu promised massive food production initiatives and aimed to reduce inflation by 15% in his New Year's message. Former Vice-President Atiku Abubakar has called for unity among Nigerians to ensure good governance in 2025. Meanwhile, residents in Lagos reflect on the past year and express hopes for a brighter future while cities like Asaba, Umuahia, and Kano celebrate the New Year. Additionally, Rivers State Governor Siminalayi Fubara celebrated New Year’s Eve in his hometown, and the Federal Capital Territory Minister announced the completion of key access roads in January 2025.
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