President Bola Ahmed Tinubu is set to present the 2024 Appropriation Bill before the joint session of the national assembly on Wednesday, 29th November, 2023. This follows yesterday’s approval by the Federal Executive Council (FEC) of the 2024 appropriation bill of N27.50 trillion, which is a N1.5 trillion increase from the earlier estimated bill. The federal government had proposed N26.2 trillion in the Medium Term Expenditure Framework (MTEF) but reviewed the MTEF after it was recently approved by the National Assembly. The Minister of Budget and National Planning, Atiku Bagudu, while explaining the rationale behind the slight adjustments said that the…
Author: Michael Chibuzo
The Oba of Benin, Omo N’ Oba N’ Edo, Uku Akpolokpolo, Ewuare II, on Sunday, said God ordained Asiwaju Bola Tinubu to be President of Nigeria and called on the citizens to support the administration, as well as live in peace. The Oba of Benin made this known on Sunday during a courtesy visit to Governor of Lagos State, Babajide Sanwo-Olu at the Lagos House, Marina. The Benin monarch noted that the victory of Tinubu in the 2023 presidential poll and his emergence as the incumbent President of Nigeria showed that God ordained him to rule the country, hence the…
The Court of Appeal sitting in Abuja on Friday, sacked 11 Peoples Democratic Party (PDP) lawmakers in the Plateau state assembly. In a unanimous decision, the panel led by Justice Okon Abang, held that all the sacked lawmakers scored wasted votes at the time of the March 2023 general election because their party lacked structure. The appeal court held that the PDP violated section 177 of the 1999 Constitution, stating that the PDP structure in Plateau collapsed since 2020, and therefore the party cannot claim to have a structure to sponsor any candidate to contest an election. The Court after…
The Minister State Petroleum Resources (Gas), Ekperikpe Ekpo on behalf of the Federal Government has commenced engagements with stakeholders in the gas sector to resolve challenges bordering on the supply and pricing of Liquefied Petroleum Gas (cooking gas) in the country’s domestic market. These moves were made known by the Spokesman of the Minister, Louis Ibah in a statement he made available to newsmen. According to Louis Ibah, the minister waded into the issue following a rise in the price of LPG per kg from about N700 to above N1,100 in some parts of the country. He said, at the…
President Bola Ahmed Tinubu has signed the new Defence Industries Corporation of Nigeria (DICON) Bill 2023 into law. This is according to a State House press release signed by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale. The Defence Industries Corporation of Nigeria was established on August 1, 1964, by an Act of Parliament and revised as the DICON Act in Chapter 94 of the Laws of the Federation, 2004. The Defence Industries Corporation of Nigeria Act, 2023, repeals the previous iteration of the Defence Industries Corporation of Nigeria Act and empowers the Defence Industries…
The Governor of the Central Bank of Nigeria, Mr. Olayemi Cardoso, is set to unveil the Bank’s Monetary Policy Thrust and Economic Outlook for 2024 today by 5pm. According to a short post made on the CBN official X handle, Dr. Cardoso will unveil the long awaited Monetary Policy Thrust and Economic Outlook for 2024 during the 58th CIBN Annual Bankers Dinner holding at the Eko Hotels and Suites, Lagos where he is scheduled to be the Special Guest of Honour and Keynote Speaker. The address will be the first public engagement by Cardoso since he was appointed CBN Governor…
The Court of Appeal in Abuja has reversed the sack of the Nasarawa State Governor, Abdullahi Sule by the Nasarawa State Election Petitions Tribunal in its judgment delivered on October 2. Delivering judgment today, the three-member panel of the Appeal Court led by Justice Uchechukwu Onyemenam, held that the Tribunal was legally bound to act on witness statements filed along with the petition or front-loaded within 21 days stipulated by law. The Appellate Court held that the Tribunal, led by Ezekiel Ajayi, acted in grave error in using witness statements on oath not front-loaded as required by law to arrive…
President Bola Ahmed Tinubu is one salesman that has the capacity to make you consider buying what you never wanted to purchase in the first place. He is that good a marketer! Since assumption of office on May 29th, 2023 as the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu has gone on 10 foreign trips. Apart from his two trips to Guinea Bissau and neighbouring Benin Republic, the visits have been about strengthening Nigeria’s foreign diplomacy and convincing investors to invest in the national economy. From the Paris Financing Pact Summit to the UN General…
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has expressed optimism that local refining of petroleum will reduce the price of petroleum products in the country from their current prices. The Port-Harcourt Zonal Secretary of the union, Nnanna Okeke, said this on Tuesday in Uyo, while speaking with newsmen during the opening of a three-day retreat organised for the executive leaders of the zone by the Nigerian Content Development and Monitoring Board in conjunction with Facilitation and Training Services Limited. He said the Federal Government has assured PENGASSAN that the Port Harcourt Refinery would start working…
By Michael Chibuzo Following the recent judgments of the Appeal Court nullifying the election of Governor Abba Yusuf of Kano State and Governor Caleb Muftwang of Plateau State over issues bothering on their eligibility to stand for election in the first place, many commentators (mostly disgruntled supporters of the ousted political parties) have expressed worry that our democracy is fast turning to what they call ‘judiciocracy’. Their reason is hinged on what they argue is the increasing manner in which the judiciary tend to decide winners of elections instead of the voters. They contend that a situation where the courts…