Senate ready to Approve $2.2bn Tinubu’s Loan Request
The Nigerian Senate is poised to approve President Bola Tinubu’s $2.2 billion (approximately N1.77 trillion) loan request today. The loan is part of the external borrowing plan to fund the N28.7 trillion 2024 budget and address a N9.7 trillion deficit. Senate President Godswill Akpabio tasked the Committee on Local and Foreign Debts with reviewing the […]
President Tinubu pledges creation of Disaster Relief Fund
President Bola Ahmed Tinubu has promised the establishment of a disaster relief fund to assist Nigerian citizens impacted by floods and other disasters. Speaking yesterday at the Borno Government House when he visited Maiduguri, to sympathise with the government and people over the recent flooding from Alau Dam, President Tinubu who sympathized with all the […]
Federal Government Plans to Suspend Import Duties on Essential Items to Combat Inflation
The Federal Government is reportedly preparing to suspend the payment of import duties on staple food items, drugs, and other essential goods for an initial period of six months. This initiative, aimed at curbing inflation, is detailed in an Executive Order titled “Inflation Reduction and Price Stability (Fiscal Policy Measures) Order 2024,” The PUNCH reports. […]
FG commits to minimum wage above ₦60,000
Federal Government says President Bola Tinubu is committed to a national minimum wage above ₦60,000, as the nationwide strike by the Organised Labour over a new minimum wage for workers paralyse economic activities in Nigeria. The economic activities in Nigeria, George Akume, who announced this after a marathon meeting with labour leaders in Abuja late […]
FG to open student loan portal on May 24
The Federal Government, through the Nigerian Education Loan Fund, has announced May 24, as the official date for “the opening of the portal for student loan applications.” The Managing Director of NELFUND, Mr Akintunde Sawyerr, disclosed this yesterday in a statement saying the opening of the portal marked a significant milestone in the commitment of […]
President flags off the African First Ladies summit in Abuja
The President also launched the “Organization of African First Ladies for Development (OAFLAD), #WeAreEqual Campaign”, a program focusing on health, education, economic empowerment and gender-based violence, that is already running in about 15 other African countries. President Tinubu speaking at the flag off of the event at the State House Banquet hall in Abuja, assured […]
EFCC Chairman to Resign if Former Yahaya Bello Isn’t Prosecuted
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has made it clear that he is willing to step down from his position if the embattled former Governor of Kogi State, Yahaya Bello, is not prosecuted. Speaking to journalists at the EFCC Headquarters in Jabi, Abuja, Olukoyede affirmed his commitment to ensuring […]
Subsidy: President Tinubu reviews palliative initiative
President Bola Tinubu has directed the immediate review of the palliative tocushion the effect of removal of fuel subsidy.In a statement issued by Mr Dele Alake on Tuesday in Abuja, Tinubu directedthe immediate review of the N8,000 conditional cash transfer programme meantto bring succour to most vulnerable households.He said that this was in deference to […]
