Economy

The Conceptual Framework Of ABIA State And Her Otti – By Dr. Chukwuemeka Ifegwu Eke

The Conceptual Framework Of ABIA State And Her Otti – By Dr. Chukwuemeka Ifegwu Eke

The Conceptual framework of Abia state and her Otti The conceptual framework of Abia and Her Otti represents Governor Alex Otti's comprehensive plan for Abia State's development. It outlines strategic objectives across key sectors: economy, infrastructure, education, healthcare, and security. This framework ensures coordinated policy implementation, resource allocation, and performance monitoring. By addressing historical challenges and leveraging opportunities, Otti's administration aims to elevate Abia State's socio-economic status. The framework embodies a commitment to inclusive governance, empowering citizens and fostering sustainable progress. Governor Alex Otti's statement regarding pensioners returning money they collected if they don't want to forgo their pensions has…
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Senate Approves Tinubu’s N1.77 Trillion External Loan Request

Senate Approves Tinubu’s N1.77 Trillion External Loan Request

Senate Approves Tinubu’s N1.77 Trillion External Loan Request The Senate on Thursday, November 21, approved President Bola Ahmed Tinubu’s request for a new eternal borrowing of N1,767,610,321,779.00 or (USD2.209billion in the 2024 Appropriation Act. The resolution of the Senate followed its consideration of the report of the Senate Committee on Local and Foreign Debt and the approval of its recommendations by the Senate during plenary. The Chairman of the Senate Committee on Local and Foreign Debt, Senator Aliyu Wamakko, presented the report. The President’s request was contained in a letter read by the Senate President, Godswill Akpabio, during the plenary…
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FAAC Shares N1.411 Trillion October Revenue

FAAC Shares N1.411 Trillion October Revenue

FAAC Shares N1.411 Trillion October Revenue The Federation Accounts Allocation Committee (FAAC) has distributed a total of N1.411 trillion as revenue for October 2024 among the Federal Government, State, and Local Government Councils. The allocation was finalised at the November 2024 FAAC meeting held in Bauchi State, presided over by the Accountant General of the Federation, Dr. Oluwatoyin Madein. A communiqué issued after the meeting detailed that the N1.411 trillion distributable revenue comprised statutory revenue of N206.319 billion, Value Added Tax (VAT) revenue of N622.312 billion, Electronic Money Transfer Levy (EMTL) revenue of N17.111 billion, and Exchange Difference revenue of…
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Fighting Corruption: ICPC Tracks N610bn Constituency Projects In 21 States

Fighting Corruption: ICPC Tracks N610bn Constituency Projects In 21 States

ICPC Tracks ₦610bn Constituency Projects In 21 States, FCT The Independent Corrupt Practices and other related offences Commission (ICPC) has kicked off the 7th phase of the constituency and executive projects tracking exercise involving 1,500 schemes valued at ₦610 billion. The spokesperson of the ICPC, Demola Bakare, said this in a statement on Tuesday in Abuja. According to Bakare, the exercise is an initiative of the commission that began in 2019. He said it focused on how well money allocated to critical sectors like education, health, agriculture, water resources and power, amongst others, were utilized. The tracking exercise will cut…
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Wike Approves New Minimum Wage Of 70k For FCT Workers

Wike Approves New Minimum Wage Of 70k For FCT Workers

Wike Approves New Minimum Wage For FCT Workers Minister of the Federal Capital Territory, Nyesom Wike, has directed the immediate payment of N70,000, the new minimum wage, for all administration staff. The move comes after President Bola Tinubu signed the new Minimum Wage Bill into law in May 2024, following months of negotiation with organized labour. The approval was announced in a statement signed by Anthony Odeh, Press Secretary to the Head of the Civil Service of the FCT, and made available to journalists on Tuesday. According to the statement, Wike approved the payment of the minimum wage on Monday,…
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President Tinubu Writes National Assembly, Seeks Approval For Fresh Foreign Loan

President Tinubu Writes National Assembly, Seeks Approval For Fresh Foreign Loan

Tinubu Writes National Assembly, Seeks Approval For Fresh Foreign Loan President Bola Tinubu has written to the National Assembly, seeking approval for a fresh N1.767 trillion external borrowing plan to part-finance the budget deficit of N9.7 trillion for the 2024 budget. The Nigeria’s growing foreign debt obligations have been of concern lately, and this has been exacerbated by the liberalization of exchange rates, making loan repayment more expensive. According to the Central Bank of Nigeria (CBN), the Federal Government spent $3.58 billion servicing the country’s foreign debt in the first nine months of 2024, representing a 39.77% increase from the…
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Nigerians Suffering, Reverse Floating Of Naira, Energy Cost – Labour Urged President Tinubu

Nigerians Suffering, Reverse Floating Of Naira, Energy Cost – Labour Urged President Tinubu

Nigerians Suffering, Reverse Floating Of Naira, Energy Cost – Labour Urges Tinubu Organised Labour, a weekend in Ibadan, Oyo State, urged President Bola Tinubu to reverse the floating of the national currency and energy cost to lessen the hardship across the country. Under the aegis of the National Union of Shop and Distributive Employees, NUSDE, Organised Labour noted that Nigerians and businesses are passing through very difficult times and that the federal government needs to address the issues urgently before things get out of hand. President of NUSDE, Aminu Megbontowon, who spoke while addressing guests and members of the Union…
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Lagos Plotting To Colonise Northern Nigeria – Kwankwaso Cries Out

Lagos Plotting To Colonise Northern Nigeria – Kwankwaso Cries Out

Lagos Plotting To Colonise Northern Nigeria — Kwankwaso The New Nigeria Peoples Party (NNPP) presidential candidate in the 2023 election and leader of the Kwankwasiyya Movement, Senator Rabiu Musa Kwankwaso, has accused Lagos of plotting to “colonise” the northern region. Speaking during the convocation ceremony at Skyline University in Kano, the former Kano State governor alleged that Lagos played a significant role in the ongoing emirate tussle in the state. “Let me note our situation here in Kano and indeed northern Nigeria,” Kwankwaso said. “The emir is just being a stooge at this very difficult time, especially in this part…
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Economic Hardship: More Nigerian Children To Wear Used Clothes At Christmas

Economic Hardship: More Nigerian Children To Wear Used Clothes At Christmas

Economic Hardship: More Nigerian Children To Wear Used Clothes At Christmas It appears the days children from average homes look up to the Yuletide season as a period they get new clothes, mostly ready-made ones, which distinguish them from the less privileged ones, are gone. Today, the line between the rich, average and even poor homes is out. The present economic condition has levelled levels. Many families today, struggle to feed, pay rents, medical care and school fees. So, the thought of buying expensive Christmas clothes for children is a suicidal luxury. Economy&Lifestyle discovered that many parents have resolved to…
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NETWORKING FOR PROGRESS: Dr Otti And Mr Obi Connect With Global Thought Leaders At Yale – By Dr. Chukwuemeka Ifegwu Eke

NETWORKING FOR PROGRESS: Dr Otti And Mr Obi Connect With Global Thought Leaders At Yale – By Dr. Chukwuemeka Ifegwu Eke

Networking for Progress: Dr Otti and Mr Obi connect with global thought leaders at Yale Peter Obi was recently at Yale University as a speaker at the Chinua Achebe Leadership in Africa Forum. This prestigious event aims to promote leadership and governance in Africa, aligning with Obi's expertise and experience. As a respected leader and private sector titan, his participation in such forums facilitates knowledge sharing and networking with global thought leaders.Peter Obi's Yale visit was quite the event! He shared valuable insights on effective governance and leadership. On Effective Governance, Obi emphasized the importance of good governance in Africa's…
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