Kano State Governor, Abba Kabir Yusuf, has initiated the distribution of 224,440 bags of 25kg rice to the less-privileged across the state to alleviate the burden of feeding during Ramadan. During the launch of the distribution at Tiamin rice in Kano, the governor warned the distribution committee against diverting the rice, promising severe consequences for…
The Nigerian Electricity Regulatory Commission (NERC) has announced that the newly approved electricity tariff is expected to reduce subsidies for the 2024 fiscal year by approximately N1.14 trillion. This move is in line with the Federal Government’s plan to realign the subsidy regime. According to Vice Chairman Musliu Oseni, the federal government aims to transition…
President Bola Tinubu has reassured Nigerians of his administration’s commitment to reducing the country’s soaring inflation rate and addressing its economic challenges. Speaking at the APC Presidential Campaign Council to 2024 Ramadan Iftar at the State House on Wednesday, Tinubu emphasized his determination to tackle inflation, despite acknowledging that there is no quick fix. Since…
President Bola Tinubu’s administration is set to sell off three jets from the Presidential Air Fleet (PAF) as part of cost-saving measures. The move aims to reduce the bloated cost of running the government, with a budget of not less than N80 billion allocated for PAF maintenance from 2016 to 2023. The fleet currently consists…
Zamfara State Governor, Dauda Lawal, has clarified that his administration has not taken any loans from the Debt Management Office (DMO) since assuming office on May 29, 2023. Lawal emphasized that the reported N14.26 billion debt attributed to the state government was actually part of a bond issued by the previous administration, which his government…
Governor Abdullahi Sule of Nasarawa State has outlined his administration’s strategy to boost the state’s contribution to the federation account by focusing on the development of the agriculture and mining sectors. Speaking on a political program on Channels Television, Governor Sule emphasized the state’s commitment to diversifying its revenue sources beyond monthly allocations from the…
A recent study by Eric Ismail Otoakhia from Ahmadu Bello University, Zaria, published in the Central Bank of Nigeria’s Bullion, suggests that the federal government’s subsidy reforms, rather than the expansion of money supply, are a major driver behind the persistent core inflation in Nigeria. The study, titled ‘Do Fuel Subsidy Shocks Prolong Price Instability…
The Centre for the Promotion of Private Enterprise (CPPE) has urged careful implementation of the proposed bank recapitalisation to prevent disruptions to the banking system and the economy. Muda Yusuf, CPPE’s director, emphasized the importance of ensuring adequate capitalisation to maintain the efficiency and stability of the financial system. Capital adequacy is crucial for banks…
The Enugu State Police are appealing for support from individuals, groups, and organizations for the family of Corporal Kingsley Nnamani, whose wife recently gave birth to a set of triplets. Helen Nnamani, the corporal’s wife, delivered three baby boys on March 21 at the Nsukka Urban Division of the Nigeria Police Force. This joyful event…
After a six-year hiatus, Nigerian carrier Air Peace has reactivated the bilateral air service agreement (BASA) between Nigeria and the United Kingdom by launching a direct flight to London. The inaugural flight, which landed at London Gatwick, was met with widespread applause and jubilation, with the federal government pledging its support to the airline. The…