The Federal Government has announced the impending release of 42,000 metric tonnes of assorted food commodities to support the vulnerable population across Nigeria. The grains, currently in seven strategic reserve locations, are being bagged for delivery to the National Emergency Management Agency (NEMA), with the government having freshly ordered the bags, causing a slight delay….
Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, has outlined the government’s efforts to ease the hardship faced by Nigerian citizens. In an interview with Channels TV, Edun addressed various economic challenges, including rising inflation, food insecurity, and support for vulnerable groups. Acknowledging the increased cost of living and elevated food…
Nine civil society organisations (CSOs) have called on the National Assembly to investigate the $3.4 billion loan received by the Federal Government from the International Monetary Fund (IMF) during the COVID-19 pandemic in 2020. The CSOs expressed concern over the government’s excessive borrowing and the lack of concrete evidence on how the loans were utilized….
The Federation Account Allocation Committee (FAAC) has disbursed a total of N1.149 trillion in revenue to the Federal Government, states, and Local Government Councils (LGCs) for the month of January. This allocation, shared at the February FAAC meeting chaired by the Minister of Finance and Coordinating Minister for the Economy, Wale Edun, consisted of various…
The Nigerian Minister of Information and National Orientation, Mohammed Idris, has stated that the government is taking action against individuals who are sabotaging the economy. He emphasized that the removal of the petrol subsidy was a policy decision supported by all three major candidates during their campaigns. Idris expressed surprise at the opposition from some…
Enyimba Economic City Development Company FZE, the developers of Enyimba Economic City in Abia State, have congratulated Geometric Power on the official commissioning of the Aba Integrated Power Project (AIPP). This project aims to provide 24/7 power supply to nine local governments in Abia State, including the industrial city of Aba. The AIPP, which encompasses…
Oyo State Governor Seyi Makinde has refuted claims by Senate President Godswill Akpabio that state governors received N30 billion from the Federal Inland Revenue Service (FIRS) to mitigate inflation and the high cost of living. Governor Makinde made this statement during the commissioning of a multi-billion naira Central Mosque in Iseyin, Oyo State. According to…
Governor Babajide Sanwo-Olu of Lagos State recently addressed journalists, revealing a series of initiatives aimed at easing the economic burden faced by residents. These measures include a revised work schedule for civil servants, reduced public transportation costs, and comprehensive food distribution plans. Under the new work schedule, civil servants from levels 1 to 14 will…
Suspected hoodlums created chaos in the Suleja Area of Niger State on Thursday, as they hijacked trailers loaded with foodstuff. Witnesses reported that trailers en route from Abuja to Kaduna were blocked by the hoodlums, who set tires ablaze on the road. The assailants made off with numerous bags of food items, especially rice, before…
Senator Ali Ndume recently made intriguing comments during an interview with Channels Television, suggesting that the Nigerian government is gaining from the depreciation of the naira against the dollar. According to the outspoken senator, the depreciation of the naira has resulted in increased revenue for funding the 2024 budget, which was presented by President Bola…