By Fredrick Nwabufo Trust is an essential quality. It is a valuable non-commodity asset. It is the diviner of promise and fulfilment. A government that succeeds is one which holds sufficient public trust and exerts itself considerably to keep it by delivering on its promises. Introducing the consumer credit scheme was one of the foremost pledges of President Bola Tinubu during the 2023 presidential campaigns. The President had said: ‘’Corruption will be addressed when an individual does not need to have cash readily available to buy a vehicle, for instance, if there is a credit facility to finance it. Credit…
Author: Michael Chibuzo
Dr. Bello Matawalle, Nigeria’s Minister of State for Defence, has announced that the government, under the leadership of President Bola Ahmed Tinubu, has undertaken a comprehensive restructuring of the Defence Industries Corporation of Nigeria (DICON), aimed at bolstering its production capabilities. According to Matawalle, this initiative is set to save Nigeria millions of dollars previously spent on arms procurement abroad. Speaking in an interview with Channels TV particularly on the commemoration of DICON’s 60th anniversary, Dr. Matawalle emphasized the urgent need for Nigeria to increase its local manufacturing output, particularly in the defence sector, to address the country’s growing security…
…as DP World proposes multibillion-dollar port project in Nigeria Vice President Kashim Shettima has welcomed ExxonMobil’s proposed $10 billion investment in Nigeria’s deep-water oil operations, describing it as a clear testament to the administration’s economic reforms and investment-friendly policies. This is coming just as the international maritime giant, DP World, has announced plans to develop a multibillion-dollar port project in Nigeria. The Vice President stated this on Wednesday during a high-level meeting with ExxonMobil executives on the sidelines of the ongoing 79th Session of the United Nations General Assembly in York, United States. “This potential investment by ExxonMobil aligns perfectly…
Dr. Bello Matawalle, Nigeria’s Minister of State for Defence, has revealed that during his tenure as Governor of Zamfara State, he successfully secured the release of thousands of innocent citizens abducted by bandits, without paying any ransom. Matawalle stated that he utilized all available options, including dialogue, a strategy that was endorsed by key stakeholders within the state and ultimately proved effective. The Minister made this disclosure on Monday during an exclusive interview with Channels TV, where he recounted his time as Governor and his current role as Minister of State for Defence. He emphasized that his engagement in dialogue…
…lawyers who comment on ongoing matters in court to be dealt decisively. The Acting Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun, says she is known for integrity and discipline and promised to among other things ensure the independence of the judiciary and enforcement of the code of conduct for judicial officers. Justice Kekere-Ekun spoke on Wednesday when she appeared before the senate for screening as the substantive CJN. The CJN while responding to questions from Senators said she would ensure the independence and integrity of the court by enforcing the code of conduct of judicial officers and ensuring they have…
Governor of the Central Bank of Nigeria (CBN), Dr. Yemi Cardoso has explained why the apex bank has been raising the monetary policy rates consecutively. Cardoso, speaking at a press conference on Tuesday after the monetary policy committee’s (MPC) 297th meeting in Abuja, said that the multiple interest rate hikes have restored confidence in the naira. The MPC at its meeting yesterday increased the monetary policy rate (MPR), which benchmarks the interest rates, to 27.25 percent in September from 26.75 percent in August – an increase of 50 basis points. Cardoso, while defending the hikes said the monetary tightening has…
Africa’s Richest man and CEO of the Dangote Group, Alhaji Aliko Dangote has revealed that Nigerians purchase premium motor spirit (PMS) at cheaper prices than Saudi Arabians. Dangote made this known in an exclusive interview with Bloomberg News. Dangote was responding to a question on whether this is the right time for Nigeria to totally get rid of petrol subsidies. He said, “I think it is (the right time), because all countries have actually gotten rid of subsidies.” “Let me give you an example, Saudi Arabia. Saudis, the citizens believe that oil is our own God-given gift, so the government…
By Michael Chibuzo Oando, Nigeria’s biggest indegenous energy company has become a very easy target for contrived and hollow attacks from mischievous political interests. This is the case only because the visionary entrepreneur associated with Oando, Jubril Adewale Tinubu is President Bola Tinubu’s nephew. So, all of a sudden, any conspiracy theory that any political opponent of the President wishes to make about happenings in the oil industry must touch on Oando Plc or Wale Tinubu for it to appear like a ‘major revelation’. And of course, these sore losers have a sizeable gullible audience to lap it up. Routine…
By Michael Chibuzo On Saturday 21st September, 2024, Edo people went to the polls to pour out all the pent up anger they have managed to cage within them for so long. The result of course as expected was a trashing of a tyrant and his intended godson as the candidate of the All Progressives Congress, Sen. Monday Okpebholo strolled to a victory cooked by the people across the three Senatorial Districts of Edo State. Some may be wondering who exactly is the tyrant that received a trashing on Saturday. Well, it’s the incumbent Governor of Edo State, Godwin Obaseki.…
In the just concluded governorship election in Edo State, the Candidate of the Labour Party in the election and former President of the Nigerian Bar Association, Olumide Akpata, SAN failed to win any of the 4,519 polling units in Edo State, analysis by Podium Reporters reveal. Yesterday night, the Independent National Electoral Commission (INEC) announced Monday Okpebholo, candidate of the All Progressives Congress (APC), as the winner of the 2024 Edo state governorship election. Okpebholo, a senator, won the election with 291,667 votes to defeat his closest rival, Asue Ighodalo of the Peoples Democratic Party (PDP), who polled 247,274 votes.…