The Federal Government has rescinded the decision to set 18 as the threshold age for admission to postsecondary schools. Tunji Alausa, the recently appointed Minister of Education, made the announcement at his first press conference in Abuja on Tuesday. The decision to change the policy on the 18-year-old age limit for entrance to higher institutions…
According to Prof. Muhammad Pate, the Coordinating Minister of Health and Social Welfare, the ministry will release the nation’s first state of health report. Prof. Pate clarified during a press conference in Abuja that the study will offer a thorough evaluation of the state of the country’s healthcare system and lay out the future course…
By the conclusion of the second quarter of 2024, Nigeria’s total public debt stock had increased by N12.6 trillion in just three months to N134.3 trillion ($91.3 billion). This is a 10.35% growth compared to the N121.7 trillion ($91.5 billion) reported in the first quarter of this year. The devaluation of the naira, announced during…
According to Wale Edun, Minister of Finance and Coordinating Minister of the Economy, Nigeria’s increased revenue in the 2024 fiscal year is being strategically distributed to several social intervention programs meant to raise citizens’ standards of living and meet urgent societal demands. According to the minister, the social investment initiative aims to reach 20 million…
The Federal Government, through the Nigerian National Petroleum Company Limited, has signed an agreement to begin gas sales to the methanol-manufacturing project of the $3.3bn Brass Fertilizer & Petrochemical Company Ltd. Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, stated at the signing ceremony held at the ministry’s headquarters that the gas sales-and-purchase agreement…
The Federal Government has approved the increment of corps members’ monthly allowance from N33,000 to N77,000, effective from July 2024. The National Youth Service Corps revealed the increase in a statement published on its official Facebook page on Wednesday night. The statement said, “The monthly allowance for Corps Members would be increased to Seventy-Seven Thousand…
To achieve security and stability, President Bola Ahmed Tinubu has urged African leaders to reject protectionism. He claims that the world’s problems with armed conflict and food insecurity can only be solved through alliances built on mutual respect, equity, and inclusivity. In his capacity as Chairman of the ECOWAS Authority of Heads of State and…
To significantly improve quality and performance across educational establishments, the Federal Government has called on the governing councils of several Federal tertiary institutions as well as the board of trustees of the Tertiary Education Trust Fund (TETFund) to use their experience. Professor Tahir Mamman, the minister of education, announced in Abuja during the inauguration of…
The Federal Government has granted public hospitals a nationwide 50% electricity subsidy. Tunji Alausa, the Minister of State for Health and Social Welfare, made this announcement on Thursday at the National Neo-Psychiatric Hospital in Barnawa, Kaduna State. The solarisation project at the dialysis unit, which includes a solar-powered borehole and a 10.2 KVA inverter at…
The Federal Government of Nigeria has selected 23 fund managers to oversee the $10 billion Nigeria Global Investment Fund (NGIF). This ambitious fund, according to a presentation document, intends to draw in capital from both domestic and foreign sources for vital areas of the Nigerian economy, such as manufacturing, energy, infrastructure, fintech, and agriculture. The…
