The Senate is currently in a a rowdy session over a claim by a member of the Senate, Senator Abdul Ningi, representing Bauchi Central Senatorial District of Bauchi State, that the 2024 budget was padded by N3 trillion, adding that there were two versions of the budget. Recall that Ningi was reported to have made the claim during a BBC Hausa Service interview during the weekend. Ningi, however, denied the reports on Monday, saying he was quoted out of context because he spoke in Hausa. However, at the resumed plenary of the Senate on Tuesday, the chairman of the Senate…
Author: Ajibola Oluwasegun
Founder and Pioneer National Chairman of the All Progressives Grand Alliance, APGA, Chief Chekwas Okorie, has pooh-poohed what he considers as Northern gang-up against President Bola Tinubu, saying it was time to allow the president to lead Nigeria. Recalling litany of attacks against President Tinubu’s actions and policies, and raging allegations of budget padding, Okorie, in a statement said: “On Sunday,10th March 10, 2024, almost all Nigerian newspapers and social media platforms were awash with the highly inflammatory news of the alleged padding of the 2024 budget with a whopping N3 trillion. “This weighty allegation was made by a group…
THE Federal Government, yesterday, issued a marching order, asking the Nigerian Electricity Regulatory Commission, NERC, to withdraw licenses of non-performing electricity distribution companies, DISCOs. This is even as power generation dropped year-on-year, YoY, by 21 per cent to 3,475MW in March 2024, from 4,404MW in the corresponding period of 2023, due to many problems, especially low investment and inadequate gas supply. But, on month-on-month, MoM to 3,475 megawatts, MW in March 2024, from 4,043MW in February 2024, thus causing many Electricity Distribution Companies, DISCOs, to embark on loading. Data obtained by Vanguard from the National System Operator, a unit in…
President Ahmed Bola Tinubu, has called on the governors in the country to provide land for herders to graze on. Tinubu noted that if this is done, the frequent clashes between Herders and farmers will be a thing of the past and put a stop to frequent loss of lives and farm produce. The President while speaking at the flag off of the agricultural mechanization revolution for food security and commissioning of the remodelled domestic terminal of the Bola Ahmed Tinubu International Airport in Minna, Niger state on Monday also called on all Governors to fight collectively to banish hunger…
President Bola Ahmed Tinubu has appealed to state governors to start paying the wage awards pending the determination of the new minimum wage to reduce the hardship of the economy on the people. The president implied that if the states had implemented the wage awards, it would provide much-needed relief without causing inflationary pressures. Speaking in Minna at the flag-off of the agricultural mechanization revolution for food security and the commissioning of the remodeled domestic terminal of the Bola Ahmed Tinubu International Airport in Minna, the President stated that all states need to adopt the wage award saying that the…
There seems to be some form of relief at the moment for Nigerians, especially those in the low to middle income bracket, who have for some months now been affected by the nationwide food price hike, driven by the sharp inflation and economic pressures across the nation. In recent months, Nigeria’s inflationary figures have surged astronomically, rising to an all-time high in two decades, to 29.90% in January 2024; with a corresponding 2.64% headline inflation, according to figures released by the National Bureau of Statistics (NBS). Food inflation also rose by 3.21%, with core inflation hitting 2.24%, while urban and…
The wife of the President, Senator Oluremi Tinubu, has said that some of the initiatives of President Bola Tinubu under the Renewed Hope Agenda are already yielding fruits and will soon reach all communities in the country. The First Lady stated this at the inauguration of the Women Wing of the Christian Association of Nigeria in Abuja on Monday, adding that the initiatives would benefit all Nigerians, especially women. Represented by the Mandate Secretary for Women Affairs in the Federal Capital Territory, Mrs. Adedayo Benjamins-Laniyi, Tinubu said that “the economic situation of the country is already improving’. “The Renewed Hope…
Global investment bank Goldman Sachs said it sees the Nigerian naira gain more ground against the US dollar in the next twelve months. The bank projected the exchange rate of the local currency to the greenback at 1200 in the short term on the back of policy reforms that could support the currency’s recovery. In a research note issued late Thursday, the New York-based financial institution highlighted the recent upward interest rate adjustment by monetary authorities in Nigeria and a recent N1.6 trillion bill auction by the central bank as signals that the country is turning the tables on a…
Former President Muhammadu Buhari has commended President Bola Tinubu, saying the president has done well despite the complexity of managing Nigeria. Buhari made this commendation when he received the comptroller-general and members of the management team of the Nigeria Customs Service in Daura, Katsina State, on Sunday. According to Buhari, governing Nigeria is a tough job for anyone, adding that there isn’t much anybody can do to help the country. He noted that President Tinubu has performed well since getting into office, despite the economic hardship experienced by Nigerians across the country. The former president asked Nigerians to endure the…
Ex-presidential aide Reno Omokri says the removal of the petrol subsidy by President Bola Tinubu is working as the quantity of fuel imported into the country has drastically reduced. Omokri was a guest on Inside Sources with Laolu Akande aired on Channels Television on Friday. He said the administration of ex-President Muhammadu Buhari ought to have removed petrol subsidy instead of borrowing to pay over N400bn monthly for it. According to him, all the three major candidates in the 2023 presidential poll — Tinubu of the All Progressives Congress (APC), Atiku Abubakar of the Peoples Democratic Party (PDP) and Peter…