By Adebayo Yusuf Two public affairs analysts have advised President Bola Tinubu to engage in consultations with relevant stakeholders including past presidents in his decisions and policies making. Hon. Femi Adebisi and Barrister Jubril Muhammed made this known while speaking on the first anniversary of President Tinubu’s administration on Pensioners FM current affairs programme, “Voice…
State governors, under the aegis of the Nigerian Governors’ Forum, NGF, are warming up for a face-off with President Bola Tinubu over the refusal of the Federal Government to share the Stamp Duty Fund with the 36 state governors and some consultants. Sources in the NGF said the state governors are piqued because they feel…
President Bola Tinubu has arrived in Lagos for the flagging-off of the Lagos-Calabar highway construction. Tinubu was received by Governor Babajide Sanwo-Olu and other government officials at the Murtala Muhammed Airport. Olusegun Dada, Tinubu’s Special Assistant on Social Media, had said the president would inaugurate some projects ahead of his first anniversary in office. On…
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised the Monetary Policy Rate (MPR), which benchmarks interest rates, from 24.75 percent to 26.25 percent. On May 15, Nigeria’s inflation rate rose to 33.69 percent amid the surge in food prices. The MPR is the baseline interest rate in an economy, which banks use…
The Federal Government has said that about $2.5 billion would be saved yearly from every one million vehicle converted into Compressed Natural Gas-powered cars. The Programme Director, Presidential Initiative on Compressed Natural Gas, Michael Oluwagbemi, disclosed this during the South-South/South-East Stakeholders Engagement Meeting on Presidential Initiative on CNG held in Port Harcourt, Rivers State. Oluwagbemi…
The founder of Stanbic IBTC, Atedo Peterside, has said only sustained stability can ensure the naira appreciates against the dollar and other foreign currencies. Peterside explained that the hurried approach being adopted by the Federal Government to ensure the naira gains a stronger position against other currencies is not the best for the country’s legal…
The Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for workers. This is because the negotiated amount may surpass the budgeted amount in the original 2024 budget. The International Monetary Fund gave this recommendation in its latest staff country report for Nigeria. “The authorities noted that a…
A newly published report ‘Africa Pulse’ by the World Bank, said the trend since 2019, has been downwards recording a significant decline to ₦960.7bn attributed to COVID-19 in 2020, while a minor recovery was recorded in 2021 at ₦1.15trn. However, in 2022 a huge drop to ₦781.1bn was recorded and another significant drop to ₦778.4bn was recorded in 2023….
By Adebayo Yusuf The federal Government says it has concluded plans to ramp up power generation to 6,000 megawatts from 4,000 megawatts by the end of this year. Minister of Power, Chief Adebayo Adelabu made this known during media engagement in Ibadan, Oyo state capital. According to Chief Adelabu, President Bola Tinubu’s led administration is…
The Federal Government has said the introduction of Compressed Natural Gas (CNG) buses under the Presidential CNG Initiative (PCNGi) will lead to a substantial reduction in transportation costs, ultimately helping to curb inflation. Finance Minister and Coordinating Minister of the Economy, Olawale Edun, stated this during a visit to the JET Motor Company (JET) Assembly…