Nigeria has received a significant financial boost from the World Bank, totaling $1.57 billion, to support three key initiatives aimed at enhancing human capital and strengthening resilience against climate change. This new funding comes amidst a challenging backdrop, with the World Bank reporting that 104 million Nigerians are currently living in poverty, exacerbated by recent […]
Category archives: News
Calls for Regional Government Dominate Constitution Amendment Submissions
As the National Assembly reviews public memoranda for the ongoing constitutional amendment process, a significant number of Nigerians have expressed support for a return to the regional system of government. Of the 56 memoranda submitted, key topics include regional governance, unicameral legislature, local government autonomy, state police, and gender equality. The push for regional government, […]
Federal Government Takes Steps to Prevent ASUU Strike
The Ministry of Education is actively working to avert a potential strike by the Academic Staff Union of Universities (ASUU). Folasade Biriowo, the ministry’s Director of Press, assured that measures are being put in place to address the union’s concerns. ASUU recently issued a 14-day ultimatum to the Federal Government, demanding resolution of outstanding issues […]
Consumers Challenge Minister’s Claims on Improved Power Supply
The Electricity Consumer Protection Advocacy Centre (ECPAC) has voiced strong opposition to the Ministry of Power’s recent assertion that over 40% of Nigerians now enjoy up to 20 hours of daily power supply. Minister of Power Adebayo Adelabu made this claim on Sunday, attributing the improvements to reforms under President Bola Tinubu’s administration. While Adelabu […]
Naira-For-Crude Deal to Commence, NNPC to Supply Dangote Refinery Starting October 1
The Nigerian National Petroleum Company Limited (NNPC) is set to begin supplying crude oil in naira to the Dangote Petroleum Refinery starting on October 1, 2024. This follows the Federal Executive Council’s approval of the sale of crude to local refineries in naira and the corresponding purchase of petroleum products in local currency. The Technical […]
October 1 Protest: Police on High Alert as APC, Opposition Parties Clash
State police commands across Nigeria have heightened security at key locations ahead of the planned October 1 protest. Organizers of the #FearlessOctober1 demonstration have confirmed their intention to proceed with the protests, citing dissatisfaction with President Bola Tinubu’s economic reforms, including the fuel price hike, rising costs, and insecurity. The protest, which organizers describe as […]
17 Governors Set Committees for New N70,000 Minimum Wage Implementation
Seventeen state governors have established committees to implement the newly approved N70,000 minimum wage across Nigeria. The states, including Ogun, Ekiti, Sokoto, and others, are moving forward after the Federal Government commenced payments to its 1.2 million workers last week. Meanwhile, Edo, Lagos, and Adamawa states have already begun disbursing the new salary, with Anambra […]
Dangote Group to Transport Refined Petroleum Products via Sea Routes
The Dangote Group has announced plans to transport refined petroleum products by sea, aiming to reduce road congestion and boost exports to other African nations. This development was disclosed by Fatima Wali-Abdurrahman, Senior Adviser to the Group President on Special Projects and Strategic Relations, who highlighted the construction of a jetty in the Lekki Free […]
Budget 2025 Must Prioritize Citizens’ Welfare
As the Senate reconvenes after a two-month recess, it is focusing on the 2025 budget. The Director-General of the Budget Office, Tanimu Yakubu, emphasized that security, economic growth, and citizen empowerment will be key priorities. However, Nigeria’s budgeting process has historically failed to deliver meaningful improvements, with infrastructure gaps, unreliable electricity, and underfunded public services […]
Government Borrowing Soars by N11tn in August Amid Economic Concerns
The Central Bank of Nigeria (CBN) revealed that credit to the Federal Government surged by N11.33 trillion (57.11%) in August, rising from N19.83 trillion in July to N31.15 trillion. This growing reliance on CBN facilities underscores the government’s need to finance capital projects and service debt. Economic experts, however, warn that the increased borrowing could […]