Author: Michael Chibuzo

The Federal Government has officially transferred the operations of the Zungeru Hydroelectric Power Plant to Penstock Limited. This move is expected to “boost Nigeria’s power generation capacity and contribute significantly to meeting the country’s growing energy demands. The Concession Agreement was signed on December 13, 2023, by the Bureau of Public Enterprises (BPE) and Penstock Limited. Following the Council approval, the Concessionaire fulfilled its obligation by paying 50% of the commencement fees on January 5, 2024. The 740MW Zungeru power facility located at the upper and middle reaches of River Kaduna in Niger State is the second largest hydropower project…

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By Omogbolahan Babawale When the then Asiwaju Bola Ahmed Tinubu muted the idea of students’ loan as part of his presidency’s Renewed Hope manifesto, not many believed in it. The misanthropes and naysayers, particularly from the opposition not only derided his personage, but also lampooned him in harsh terms, throwing invectives and even recruiting some e-mob to cast aspersions on his personality. While many held the cynical view of impossibility, others opined such plan was to further impoverish the already on-the-ground hapless masses and another surreptitious way of taking from the poor to further enrich the already rich. But as…

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By Emmanuel Akanji President Bola Ahmed Tinubu’s assented to the Access to Higher Education Bill weeks into his presidency, which effectively kick-started the journey of the landmark student loan program in Nigeria. The programme has sparked conversations nationwide. However, amidst the discourse, it’s essential to recognize President Tinubu’s unparalleled track record of delivering concrete results throughout his distinguished political career. This particular programme was one of the promises made by the president in his Renewed Hope manifesto, a promise he is bent on fulfilling. The moment the contents of the Students Loan Act became publicly available, a lot of misconceptions…

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The Academic Staff Union of Universities (ASUU) is reportedly plotting to scuttle the Students Loan scheme launched by the President to help indigent students finance their tertiary education as well as skill acquisition trainings.  In an exclusive insight obtained by Podium Reporters from an ASUU insider, who chose to remain anonymous for fear of retribution, ASUU is very uncomfortable that despite its opposition to the student loan scheme from the beginning, the federal government was still determined to implement the programme. ASUU leadership both at national level and at some zonal chapters have not hidden their opposition to the Tinubu…

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By Podium Reporters Zimbabwe is a country that is now commonly associated with hyperinflation due to its long years of economic struggles arising from an unprecedented galloping inflation. It all started in the early 2000s when then President Robert Mugabe of Zimbabwe launched the Fast Track Land Reform Programme (FTLRP), which redistributed agricultural lands formerly owned by white minority farmers that settled in Zimbabwe during the British colonial era to black Zimbabwean peasants and the working class. Zimbabwe’s land redistribution programme elicited a strong response from the West, including the United States and the United Kingdom who strongly opposed Zimbabwe’s…

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The federal government has described the call by the PDP Governors’ Forum for President Bola Ahmed Tinubu to thrown in the towel in the face of economic challenges facing Nigeria as a distraction. This reply is contained in a press statement by the Minister of Information and National Orientation, Mohammed Idris. According to the Minister, “the call (for Tinubu’s resignation) is nothing but an attempt at distraction by people who should instead be busy supporting the President’s efforts at bringing economic relief to the Nigerian people.” The minister further stated that the PDP and its Governors should not be seeking,…

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Agriculture was one of the pillars of President Bola Ahmed Tinubu’s campaign in the 2023 presidential election. In fact, many opposition party supporters christened the Bola Tinubu campaign and their supporters as ‘Agbado’, a Yoruba word for maize in reference to President Tinubu’s famous Agbado Speech at the 2021 BAT Colloquium where he made reference to the crop. President Bola Ahmed Tinubu in pages 26 to 29 of his Renewed Hope manifesto outlined initiatives his administration would implement in order to ensure food security, create jobs and enhance national security. They include: 1. Establishment of commodity boards. 2. Enhance food…

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By Tunde Rahman Those who know Mr. Olayemi Cardoso will agree he got his current job as the Governor of Central Bank of Nigeria on a platter of solid professional background and strong personal attributes. His pedigree is rich as his character is unsullied. Cardoso had a remarkable private sector career where he shone brilliantly in banking, stockbroking, and consulting. Cardoso also came from a very solid family pedigree. Nigeria’s late Prime Minister, Sir Abubakar Tafawa Balewa, appointed his late father, Mr. Felix Bankole Cardoso, as the first Accountant-General of the Federation in 1963. The late elder Cardoso served with…

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By Fredrick Nwabufo Think of that man whose blue skies are crimsoned by the ravages of cancer. He cannot afford to travel abroad to get the needed treatment and his access to life-saving medical care at home hangs by a hair’s breadth. Many of us might have had a vicarious experience with this cell-corrupting proxy of death. We either know a friend, a friend’s friend, or a relative that has been afflicted. We could as well have been victims. But access to efficient and effective diagnosis, management, treatment of cancer, and other non-communicable diseases, as well as communicable diseases is…

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The crisis rocking the Labour Party has deepened following a shock suspension of its outspoken National Treasurer, Oluchi Oparah for asking the National Chairman of the party Julius Abure to account for N3.5 billion the party realised from sale of forms and fund raising during the 2023 general election season. Barely 48 hours after the press conference by the National Treasurer, the other members of the Labour Party national working committee led by Julius Abure slammed Opara a six-month suspension.  The suspension was announced by the party’s National Working Committee on Wednesday at a press conference in Abuja. The Labour…

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