Many Nigerians are struggling to maintain a nutritious diet due to escalating costs; in August 2024, the National Bureau of Statistics reported that the average adult’s daily cost of a balanced meal in the nation was N1,255. In a report published on Thursday, the NBS stated that the increase was a 28% increase from N982…
The Senate has received President Bola Tinubu’s statement asking for consideration and adoption of the proposed Fiscal Policy and Tax Reform Bill to coincide with current financial reforms of the Federal Government and promote efficiency in tax compliance. The President also referred four bills to the House of Representatives. These bills are the Joint Revenue…
According to the Rural Electrification Agency (REA), the Federal Government will launch a new rural energy project financed by the World Bank in November to supply 17.5 million Nigerians with electricity. Abba Aliyu, the Managing Director of the Agency, made this announcement. He also mentioned that his organisation intends to use renewable energy sources to…
The two incentives were announced in a statement on Wednesday by Wale Edun, the Coordinating Minister of the Economy and Minister of Finance. According to a statement released by the Finance Ministry and signed by Mohammed Manga, Director of Information and Public Relations, the incentives are meant to revitalize Nigeria’s oil and gas industry. Additionally,…
According to the Federal Government, $175 million in private sector investments in vital infrastructure have been made possible in the past year by the presidential Compress Natural Gas initiative. The information was provided in a statement on X on Tuesday by Nigeria’s Minister of Information and National Orientation, Mohammed Idris. He claims that the number…
A statement by the Special Adviser to the President (Information & Strategy), Bayo Onanuga, on Wednesday said the President would use the two weeks as a working vacation and a retreat to reflect on his administration’s economic reforms. President Bola Ahmed Tinubu will depart Abuja today for the United Kingdom to begin a two-week vacation,…
The state Deputy Governor, Obafemi Hamzat, disclosed this on Channels Television’s special programme, Nigeria’s Challenging Economy: Strategies For Recovery to commemorate Nigeria’s 64th independence anniversary. “We are building a logistic hub in Imota, the biggest in this part of the world. What that does for us is that it allows us to track what comes…
President Bola Tinubu said Nigeria was at a “critical juncture” and “dizzying crossroads” when he took up the reins of government on May 29, 2023. During Nigeria’s 64th Independence Day Anniversary on October 1, 2024, the President said the country’s situation when he came into office necessitated that the country chooses between “reform for progress…
The Nigerian Correctional Service has confirmed the suspension of its senior officers linked to the alleged ₦15m bribery allegations. The Civil Defence, Correctional Fire, and Immigration Services Board (CDCFIB) had earlier announced the suspension of four of its officers linked to various corruption cases. Following the announcement, a trending video of one of its senior…
A Prosecutor with the Economic and Financial Crimes Commission (EFCC), Bilikisu Bala, on Monday, told a Joint Committee of the House of Representatives investigating allegations of corruption against some officers of the Commission, and the Nigeria Correctional Service that charges of money laundering dropped in the trial of Idris Okuneye (a.k.a Bobrisky) were lawful and…
