The Kogi State Election Petition Tribunal witnessed continued drama over the hearing of the Social Democratic Party (SDP)’s petition, as four witnesses called by the party gave conflicting testimonies. This trend has persisted, with witnesses in past sittings also retracting their statements. The SDP and its governorship candidate, Murtala Ajaka, are contesting the victory of…
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…
Former Aviation Minister, Chief Femi Fani-Kayode, has criticized the Nigerian government’s close ties with the United States, the United Kingdom, and other Western superpowers, arguing that it is detrimental to Nigeria’s interests. He expressed concern that this alliance has indirectly affected Nigeria’s relationship with Russia. During an interview with Arise TV, Fani-Kayode highlighted the impact…
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…
Governor Ademola Adeleke of Osun State has announced his administration’s unique approach to development, focusing on both physical and “stomach” infrastructure to benefit the people of the state. Emphasizing his commitment to this approach, Adeleke stated, “I am Mr. Infrastructure, building both physical roads and ‘roads’ in our bodies. We are ensuring a proper mix…
The Deputy Spokesman of the House of Representatives, Hon. Philip Agbese, has hailed the country’s legislative arm as a beacon of transparency and accountability, attracting admiration from the international community and development partners worldwide. Speaking to reporters upon his return from South Africa after the Pan-African Parliament’s Extraordinary Session, Agbese highlighted the House’s commitment to…