Governor Babajide Sanwo-Olu of Lagos State has presented an ambitious “Budget of Renewal” amounting to N2.246 trillion to the Lagos State House of Assembly. The budget, comprising recurrent expenditure of N1.02 trillion (45 per cent) and capital expenditure of N1.2 trillion (55 per cent), reflects the governor’s vision for revitalizing and advancing the state. In…
In a significant development, former Nigerian President Olusegun Obasanjo has declared his preparedness to provide testimony on behalf of Nigeria in the ongoing $2.3 billion disputed Mambilla power contract case involving former Minister of Power and Steel, Olu Agunloye. The dispute has landed at the International Chamber of Commerce (ICC) in Paris, where Sunrise Power…
In a notable move, the Central Bank of Nigeria (CBN) has pressed the pause button on accepting new loan applications under its Development Finance Intervention Programme. A circular titled “Suspension of Acceptance of New Applications under the Existing Central Bank of Nigeria, CBN Development Finance Intervention Programme” was issued to bank Chief Executives, marking a…
In a significant development, the Nigerian government has made a groundbreaking decision to exclude tertiary institutions, including universities, polytechnics, colleges of education, and monotechnics, from the use of the Integrated Personnel Payment System (IPPIS) for staff salary and allowance payments. The announcement was made by the Minister of Education, Tahir Mamman, who addressed State House…
The political landscape in Rivers State is witnessing a seismic shift as the House of Assembly recently took a decisive move to declare vacant the seats of 25 members who defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC). The motion, which gained unanimous support during Wednesday’s plenary, was led by…
Ondo State’s political landscape has been anything but calm recently, with Acting Governor Lucky Aiyedatiwa making headlines as he returned to the state just two days after a crucial meeting with President Bola Tinubu at the Presidential Villa in Abuja. Aiyedatiwa’s return follows the Ondo State House of Assembly’s declaration of him as the acting…
A seismic shift has occurred in Nigeria’s aviation landscape as President Bola Tinubu sanctioned the suspension, removal, and replacement of Chief Executive Officers within the Federal Ministry of Aviation and Aerospace Development. At the forefront of this transformation is the Federal Airports Authority of Nigeria (FAAN), where the former Managing Director, Mr. Kabir Yusuf Mohammed,…
During a session with the House of Representatives Committee on Appropriation, Finance Minister and Coordinating Minister of the Economy, Wale Edun, assured that the administration of President Bola Tinubu would prioritize transparent accounting for oil revenue. Edun emphasized the importance of effective monitoring of oil revenue and its systematic payment into the federation account. Edun…
A shocking incident unfolded on Sunday as bandits launched an attack on Gbaupe, a rural village located behind ACO Estate along the Abuja Airport Road. The attackers kidnapped 12 individuals, among them a 9-year-old boy and a 13-year-old girl. According to an eyewitness, the harrowing event took place in the early hours of December 11th….
Governor Alex Otti of Abia State has laid out his vision for the future with the presentation of the 2024 state budget, titled “A New Beginning,” before the Abia State House of Assembly in Umuahia. The budget, amounting to N567,240,095,972, is strategically allocated, with a significant 84 percent earmarked for capital project expenditure and the…