The Minister of Finance and Coordinating Minister of Economy, Wale Edun, has announced the earnings of government-owned entities, ministries, departments, and agencies in February. According to him, the revenue rose to N835.70 billion in February. There was a notable growth of N681.45 billion, representing a substantial 441.78% surge from the N154.25 billion remitted in the…
The Niger Delta Development Commission has promised to support small-holder farmers to grow their operations and become training centres for youths, as part of its plan to enhance food security and promote youth employment. The NDDC Executive Director, Projects, Victor Antai, said this during an inspection visit to some farms in Akwa Ibom State, according…
President Bola Tinubu has said the private sector is the biggest driver of Nigeria’s economy. The President disclosed this during Iftar on Thursday in Abuja with members of the Nigerian business community. He said his administration is committed to enhancing the growth of the private sector, which will, in turn, increase economic opportunities in the…
By Adebayo Yusuf A Public Affairs Analyst, Honourable Femi Adebisi says federal government needs to invest more in power generation to boost the socio-economic development of the nation. Hon. Adebisi stated this while speaking on epileptic power supply in Nigeria on Pensioners FM Current Affairs programme, “Trending”. According to him, government can tackle epileptic power…
The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. Therefore, the rise in…
The Minister of Information, Alhaji Muhammad Idris, has said that President Bola Tinubu has reiterated his administration’s commitment to ensuring that the current economic hardship in the country is temporary and will soon become a thing of the past. The minister made this known when he paid a courtesy call on the Kano State Governor,…
The National Bureau of Statistics, NBS, has said the average retail price of a litre of kerosene rose from N1,329 recorded in January 2024 to N1,340 in February 2024. In its Petrol Price Watch for February 2024, released in Abuja on Thursday, the bureau said the February price of N1,340 represented a 0.86 percent decrease…
The Labour Party, LP, 2023 presidential candidate, Peter Obi, on Monday lamented that about 7,000 Nigerians have been kidnapped in the past one year with several cases of killings and clashes recorded across the country. This was as he described Nigeria as one of the hungriest nations and most difficult countries to live in the…
The Olowu of Kuta in Ayedire Local Government Area of Osun State, Oba Hameed Oyelude, has appealed to President Bola Tinubu to reopen the nation’s border with Benin Republic. Oba Oyelude, who made the appeal in a chat with newsmen on Sunday in his palace in Kuta, said the reopening of the border would ease…
By Micheal Adeyemo Two Public Affairs Analysts have called on Nigerians to cultivate the habit of holding the government accountable to curb financial irregularities in budgeting. Mr Adesumbo Badejoko and Mr Kayode Atolani said this while expressing divergent opinions on the alleged budget padding by the National Assembly on Pensioners’ FM programme “Voice of Liberation.”…