The Benue State government has announced plans to establish its own power plant, aiming to enhance socio-economic development within the state. This initiative, conceived by the Benue Investment and Property Company (BIPC), comes after the Federal Government’s recent approval granting state governments the authority to own and manage their electricity companies. During a meeting with…
Senator Agom Jarigbe, representing Cross River North Senatorial District, has stirred controversy by alleging that some ‘senior’ senators received N500 million each from the 2024 budget. The revelation came amid accusations of budget padding made by Senator Abdul Ningi, representing Bauchi Central Senatorial District, who claimed that the Senate leadership inflated the budget by N3.7…
The Federal Government is actively addressing the knowledge gap in skilled and certified technicians in Nigeria, according to Chief Uche Nnaji, the Minister of Innovation, Science, and Technology. He expressed concern over the country’s annual expenditure of billions of dollars on importing technicians from other countries, including neighbouring ECOWAS nations. During his visit to Computer…
During a recent press briefing, the International Monetary Fund (IMF) advised the Nigerian government to prioritize the implementation of social protection measures to alleviate the hardships faced by poor and vulnerable Nigerians. Julie Kozak, the IMF’s Director of Communications, emphasized the urgent need to address the surging prices of food, drugs, and transportation, stating that…
A prosecution witness in the trial of former Central Bank of Nigeria (CBN) Governor Godwin Emefiele has detailed how Emefiele allegedly awarded 45 contracts worth billions of naira to family members, including his wife, Margaret Emefiele, and associates. The witness, Agboro Michael, an ICPC investigator, testified that companies owned by Emefiele’s wife and associates were…
The Coordinating Minister of Health and Social Welfare, Muhammad Ali Pate, has revealed a concerning trend of brain drain in Nigeria’s health sector. Pate disclosed in an interview on Channels Television’s Sunday Politics that Nigeria has lost approximately 15,000 to 16,000 doctors to migration in the past five years. This phenomenon, known as ‘japa,’ has…
Senator Abdul Ningi, the Chairman of the Northern Senators’ Forum, has reiterated his claim that projects worth N3.7 trillion in the 2024 Appropriation Act cannot be traced. In an interview with the BBC Hausa Service, Senator Ningi alleged that the National Assembly debated and passed a N25 trillion budget, not the N28.7 trillion being implemented…
The Central Bank of Nigeria (CBN) is grappling with a significant liquidity crisis as nearly $20 billion of its $33 billion in foreign reserves is locked up in various derivative deals, according to a report by the Economist Intelligence Unit (EIU). This poses a challenge to the bank’s ability to support the naira amidst rising…
The Nigerian Senate has initiated a comprehensive investigation into the disbursement of N30 trillion in “Ways and Means” funds by the Central Bank of Nigeria (CBN) during the tenure of former President Muhammadu Buhari. This move comes as part of the Senate’s commitment to transparency, accountability, and good governance. The Ways and Means facility is…
President Bola Ahmed Tinubu has called on state governors to begin paying pending wage awards to alleviate economic hardships faced by the people, pending the determination of the new minimum wage. Speaking at the launch of the agricultural mechanization revolution for food security and the commissioning of the remodeled domestic terminal of the Bola Ahmed…