Economic experts have commended President Bola Ahmed Tinubu over the policies rolled out for the economy in Monday’s broadcast to Nigerians. Tinubu in a nationwide broadcast on Monday announced several palliative programmes to cushion the effects of the removal of fuel subsidy. Tinubu announced a N75 billion palliative for the manufacturing sector, saying 75 businesses would benefit within a nine-month period spanning the third quarter of 2023 to the first quarter of next year. President also noted the administration’s recognition of micro, small and medium-sized enterprises and the informal sector as drivers of growth. Tinubu went on to declare a…
Author: Victor Fola
President Bola Tinubu has initiated an imperative measure to combat the prevailing food shortages and soaring prices. Taking swift action, he authorized the immediate distribution of a staggering 200,000 metric tons of grains to effectively address this urgent matter and ensure food stability across the nation. The recent removal of subsidies led to an alarming surge in food prices, reaching unprecedented levels that have burdened citizens and sparked concerns nationwide. Recognizing the gravity of the situation, President Tinubu, in a statewide broadcast this evening, candidly acknowledged the impact and swiftly responded with a decisive plan of action. President Tinubu’s directive…
President Bola Tinubu has appointed journalist, Chief Ajuri Ngelale, as his Special Adviser on Media and Publicity. This was contained in a statement by the Office of the Secretary to the Government of the Federation (OSGF) by the Director of Information of the office, Mr Willie Bassey. “President Bola Ahmed Tinubu, GCFR, has approved the appointment of Chief Ajuri Ngelale as Special Adviser to the President on Media and Publicity. “The appointment takes effect from 31st July, 2023 and would terminate at the end of this administration unless otherwise decided by the President. “The President urges him to bring his…
President Bola Ahmed Tinubu has disclosed that the country has been able to save over a trillion naira since its removal of fuel subsidy on May 29. Tinubu made this known in a nationwide broadcast on Monday while rolling out plans of the Federal Government to cushion the effects of the fuel subsidy removal. He said that those monies gained would now be used to directly impact families in the country rather it being squandered on unproductive fuel subsidy as prevalent in the past.
President Bola Ahmed Tinubu has unveiled a N75 billion investment plan to cushion the effects of the subsidy removal and to stimulate sustainable economic growth, drive structural transformation, and boost overall productivity. The President stated that enterprises will enjoy access to an impressive N1 billion credit facility, carrying a reasonable interest rate of 9% per annum, and offering extended repayment terms of up to 60 months for long-term loans and 12 months for working capital. Demonstrating a deep understanding of the vital role played by micro, small, and medium-sized enterprises (MSMEs) as well as the informal sector in propelling economic…
President Bola Tinubu has revealed the Federal Government is in talks with the Labour unions for a upgraded national minimum wage for Nigerian workers. The President promised that the upward review will reflect in the next budget once the agreement is done with the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC). He said, “In the same vein, we are also working in collaboration with the Labour unions to introduce a new national minimum wage for workers. I want to tell our workers this: your salary review is coming. “Once we agree on the new minimum wage and…
After repeatedly being exposed for inaccuracies and falsehoods during his campaign for the presidency on the ticket of Labour Party, Peter Obi has shocked most Nigerians with yet another audacious lie as he claimed to have been the driving force behind the establishment of international breweries in Nigeria. During a recent Twitter space, a video emerged where Obi asserted that his importation of International Breweries products was the wheel behind the establishment of their factories and subsequent production in Nigeria. Obi claimed that as early as 1993, he had been involved in importing SAB products to Nigeria, predating the company’s…
President Bola Tinubu will today at 7pm address Nigerians in a nationwide broadcast. This was contained in a statement by his Special Adviser on Special Duties, Communication, and Strategy, Dele Alake. All broadcast and electronic media outlets were encouraged to tune in to the Nigerian Television Authority (NTA) and Radio Nigeria for coverage of the address. “President Bola Ahmed Tinubu will make a broadcast to the nation on Monday, July 31, 2023, at 7 pm. Television, radio stations, and other electronic media outlets are urged to connect to the network services of the Nigerian Television Authority and Radio Nigeria for…
The United States government has lauded the President of Nigeria, Bola Tinubu, for his decisive leadership in addressing the political crisis unfolding in neighboring Niger Republic. Recall a military junta recently overthrew democratically elected President Mohamed Bazoum. As the Chairman of the Authority of Heads of State and Government of the Economic Community of West African States (ECOWAS), Tinubu has been at the forefront of denouncing the unconstitutional change of power in Niger. In Abuja, today, he hosted an extraordinary summit of the regional bloc to discuss the situation in the West African country, as reported by LEADERSHIP. Furthermore, it…
Peter Obi, the presidential candidate of the Labour Party in the 2023 elections, appeared to have denied himself glory with yet another ‘incoherent’ speech that defies easy comprehension symbolic of some he gave during the campaign for the 2023 presidential polls. Obi, could be seen in a video while on a Twitter space on Saturday, struggling to put together sentences that hit home a point he was making about the economy, with some Nigerians finding it hard to understand the length and breadth of his speech. Ashamed of how incoherent their principal was during the space, Obidient supporters have reportedly…