FGN - Abia ThinkTank News

Jan

2025

NLC Insist On Withdrawal Of Tax Reform Bills

Columns/Opinions/Letters, FGN, Labour, News Flash

NLC Insists On Withdrawal Of Tax Reform Bills The Nigeria Labour Congress, NLC, yesterday insisted on the withdrawal of the Tax Reform Bills forwarded by President Bola Tinubu to the National Assembly for passage to enable all key national stakeholders to be part of the process. Recall that the bills had drawn sharp criticisms from some parts of the country, especially the north, which saw them as anti-growth in the region. It also implored the government at all levels to prioritise the welfare and well-being of the citizens in 2025. In its New Year message to Nigerians, especially workers, the…

Jan

2025

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By Abia ThinkTank

Hardship: President Tinubu Floats Company To Bring Down Food, Drug Prices

Business, Economy, FGN, Health

Hardship: Tinubu Floats Company To Bring Down Food, Drug Prices President Bola Tinubu said yesterday the Federal Government hopes to bring down the price of food and promote local manufacturing of essential drugs and other medical supplies through the establishment of a National Credit Guarantee Company in the new year. Tinubu, who disclosed this in his New Year nationwide broadcast to the nation, also asked states to key into the federal government’s Compressed National Gas, CNG, programme to reduce the cost of transportation for Nigerians. The President equally said the youth confab he promised in the aftermath of the #EndBadGovernance…

Dec

2024

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By Abia ThinkTank

Poverty In Nigeria: A Tale Of Two Statistics? – By Dr. Chukwuemeka Ifegwu Eke

Columns/Opinions/Letters, Economy, FGN

Poverty in Nigeria: A tale of Two Statistics? Discrepancy Between Poverty and Unemployment RatesThe World Bank's assertion that 50% of Nigerians live in poverty contradicts the Nigerian Bureau of Statistics' (NBS) claim that unemployment stands at 5%. This discrepancy raises questions about the accuracy of these statistics and the underlying factors contributing to poverty in Nigeria. According to the World Bank, Nigeria's poverty rate is one of the highest in the world, with approximately 100 million people living on less than $2 a day. Unemployment Rate: A Misleading Indicator?The NBS's 5% unemployment rate seems unusually low, considering the country's economic…

Dec

2024

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By Abia ThinkTank

Corruption In Nigeria Can’t Be Eradicated Completely, But ……… President Tinubu

Crime, FGN, News Flash, Politics, Presidency

Corruption Can’t Be Eradicated Completely, But … – Tinubu President Bola Tinubu has stated that while corruption cannot be completely eradicated, it can be reduced to its barest minimum. Speaking during a live presidential media chat broadcast nationwide, Tinubu emphasised the importance of addressing systemic flaws to curb corruption. He said in part, “Block all the loopholes, where anybody can just gain in the system. Part of the anti-corruption is the removal of subsidies, too. “It is very very difficult to say you will eliminate it, you will reduce it to the barest minimum, meet the people’s needs, help the…

Dec

2024

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By Abia ThinkTank

FGN Declares Public Holidays For Xmas, New Year Celebration

Birthday, FGN, News Flash

FG Declares Public Holidays For Xmas, New Year Celebration The Federal Government has declared Wednesday 25th, Thursday 26th December 2024, and Wednesday 1st January, 2025 as Public Holidays to celebrate Christmas, Boxing Day and New Year respectively. Permanent Secretary in the Ministry of Interior, Dr. Magdalene Ajani in a statement on Monday in Abuja said The Minister of Interior, Dr. Olubunmi Tunji-Ojo, made the declaration on behalf of the Federal Government. According to her, the minister extended warm greetings to all Nigerians, urging them to use the festive period to reflect on the values of love, peace, and unity that…

Dec

2024

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By Abia ThinkTank

Federal Might, State Insight: Tinubu And Otti’s Budget Synergy – By Dr. Chukwuemeka Ifegwu Eke

Abia State, Columns/Opinions/Letters, FGN, Good Governance

Federal Might, State Insight: Tinubu and Otti's Budget Synergy Let's dive into the budget assumptions of the Federal Republic of Nigeria and Abia State. Federal Republic of Nigeria Proposed Budget Assumptions The Federal Republic of Nigeria's 2025 budget, also known as the "Budget of Restoration, titled Securing Peace and Rebuilding Prosperity," proposes an expenditure of ₦49.6 trillion, which is the highest in the country's history. The budget relies on revised assumptions outlined in Nigeria's Federal Government's Medium-Term Expenditure Framework (MTEF). Abia State Budget AssumptionsAbia State's 2025 budget, tagged "Sustaining the Momentum ," proposed an expenditure of ₦750.2 billion. The budget…

Dec

2024

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Year 2025 To Witness More Infrastructural Development – President Tinubu

FGN, Infrastructure, News Flash, Politics, Presidency

Year 2025 To Witness More Infrastructural Development – Tinubu President Bola Ahmed Tinubu has assured Nigerians of more infrastructural development projects that have a direct bearing on the people, especially road networks across the country. The President gave this assurance through the Minister of State for Works, Mohammed Bello Goronyo, during a courtesy visit to Kebbi State Governor, Comrade Nasir Idris, on Wednesday. He stated that the ongoing construction of the superhighway from Sokoto to Badagry is a testimony to President Tinubu’s commitment to Nigerian projects. The Minister described President Tinubu as a leader ready to serve the people of…

Dec

2024

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By Abia ThinkTank

Senate Moves To Ban Foreign Currencies In Nigeria, Insist On Naira-Only Transactions

CBN/Commercial Banking, FGN, National Assembly, News Flash

Senate Moves To Ban Foreign Currencies In Nigeria, Insist On Naira-only Transactions A new bill aimed at banning the use of foreign currencies, including the US Dollar and British Pound Sterling, for domestic transactions in Nigeria has passed its first reading in the Senate. The bill, titled “A Bill for an Act to Alter the Central Bank of Nigeria Act, 2007, No. 7, to Prohibit the Use of Foreign Currencies for Remuneration and Other Related Matters,” was introduced by Senator Ned Nwoko, Chairman of the Senate Committee on Reparations and Repatriation. The proposed legislation seeks to make the Naira the…

Dec

2024

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By Abia ThinkTank

Debt Servicing To Gulp N15.8Trn In President Tinubu’s 2025 Budget Proposal

Economy, FGN, News Flash, Politics, Presidency

Debt Servicing To Gulp N15.8Trn As Tinubu Presents 2025 Budget A sum of N15.81 trillion has been allocated for debt servicing in the 2025 Appropriation Bill presented to the joint sitting of the National Assembly by President Bola Ahmed Tinubu. Defence and Security tops the sectoral allocations in the N47.9 trillion budget presented by the President on Wednesday. The President disclosed this while giving a highlight of the Budget proposal before the National Assembly. He stated that Defence/Security was allocated N4.91 trillion; Infrastructure was allocated N4.06 trillion; Health N2.4 trillion health while Education gets N3.5 trillion. According to the President,…

Dec

2024

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By Abia ThinkTank

Security, Infrastructure, Education Top President Tinubu’s 2025 N47.9 Trillion Budget Proposal

Economy, FGN, News Flash, Politics, Presidency

Security, Infrastructure, Education Top Tinubu’s 2025 N47.9 Trillion Budget Proposal Security and defence, infrastructure, health and education were some of the sectors with high allocations in the N47.9tn Budget Proposal presented by President Bola Tinubu before a joint session of the National Assembly on Wednesday afternoon. “It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly of Nigeria titled, ‘The Resurrection Budget’ security peace, building prosperity,” Tinubu said as he concluded his speech at 1:10pm on Wednesday. Earlier in his presentation, the President listed some of…