FGN - Abia ThinkTank News

Dec

2024

Hope For Nigeria As Petrol Landing Cost Crashes Further

Hope For Nigeria As Petrol Landing Cost Crashes Further The estimated landing cost of Premium Motor Spirit (PMS), commonly known as petrol, in Nigeria has seen a decline of ₦36, dropping to ₦900.28 per litre as of Thursday. This marks a 3.62% decrease from the previous week’s landing cost of ₦936.75 per litre, according to data released by the Major Energy Marketers Association of Nigeria (MEMAN). Interestingly, earlier this week, costs had even dipped further, reaching ₦890.43 per litre. This reduction in landing cost reflects some relief from fluctuations in global oil prices and improvements in supply chain dynamics. Despite…

Dec

2024

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By Abia ThinkTank

FAAC: FG, States, LGs Share N1.727 Trillion

Abuja, Economy, FGN, News Flash, Politics

FG, States, LGs Share ₦1.727 Trillion A total sum of ₦1.727 trillion, being November 2024 Federation Accounts Revenue, has been shared to the Federal Government, States and the Local Government Councils. The revenue was shared at the December 2024 meeting of the Federation Accounts Allocation Committee (FAAC) held in ABUJA. This was disclosed in a statement signed by FAAC Director of Press and Public Relations, Bawa Mokwa, on Friday. He noted that the N1.727 trillion total distributable revenue comprised distributable statutory revenue of N455.354 billion, distributable Value Added Tax (VAT) revenue of N585.700 billion, Electronic Money Transfer Levy (EMTL) revenue…

Dec

2024

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By Abia ThinkTank

SEDC Chair Appointment: Round Peg In Round Hole – By Pius Nzewuihe

Columns/Opinions/Letters, FGN, Politics, South East

SEDC Chair Appointment: Round Peg in Round Hole The wisdom of the sponsors of the bill for the establishment of South East Development Commission at the National Assembly and President Bola Tinubu’s commitment for an overall equitable national developmental agenda cannot be over-emphasized. To drive home his Renewed Hope Agenda, the President has in no mistakable terms demonstrated his vision to place the country on a fresh developmental map among comity of developing nations through regional development commissions Aside South East Development Commission (SEDC) charged with the responsibility of “reconstruction and rehabilitation of roads, houses and other infrastructural damages suffered…

Dec

2024

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By Abia ThinkTank

President Tinubu Advised To Reduce Fuel Price To N300/Litre For Xmas, New Year Celebration

Columns/Opinions/Letters, FGN, Oil & Gas, Politics

Tinubu Advised To Reduce Fuel Price To N300/Litre For Xmas, New Year Celebration Former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Bode George, has called on President Bola Tinubu to reduce the price of premium motor spirit (PMS) also known as petrol to N300 per litre between December and January. He said this would enable Nigerians to have a joyous and merry Christmas. A litre of fuel is presently sold at about N1,100 and N1,200 per litre across the country following the removal of fuel subsidy. Tinubu had on assumption of office in 2023 declared an end…

Dec

2024

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By Abia ThinkTank

German President, Frank-Walter Steinmeier Arrives Nigeria

FGN, Foreign Affairs, International, News Flash

German President, Frank-Walter Steinmeier Arrives In Nigeria. German Frank-Walter Steinmeier, has arrived in Nigeria for a three-day official visit, GISTSMATE MEDIA is reporting. He was received at the presidential wing of the Nnamdi Azikiwe International Airport, Abuja, by the Minister of the Federal Capital Territory, Nyesom Wike. The visit will be the third exchange between both countries on the level of head of state or government since President Bola Ahmed Tinubu’s inauguration. The German president will be accompanied to Nigeria by industries captains and other top ranking board members of most successful companies in the fields of IT, high tech…

Dec

2024

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By Abia ThinkTank

Presidency Fixes Date For National Youth Confab

FGN, News Flash, Presidency

Presidency Fixes Date For National Youth Confab The Federal Government on Saturday fixed February 2025 for the national youth conference. President Bola Tinubu, during his Independence Day broadcast, announced the gathering of a 30-day national youth conference to address critical issues facing the country’s youths, including unemployment, education, and political participation. This is as various youth groups across the country expressed disappointment over the presidency’s silence on the proposed confab. The planned conference was part of the administration’s response to the youth-led protests, including #EndBadGovernance in August 2024 and the #FearlessOctober in October 2024. “The conference aims to provoke meaningful…

Dec

2024

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By Abia ThinkTank

Economy: President Tinubu Assures Nigerians Of Better Days Ahead

Economy, FGN, News Flash, Presidency

Economy: Better Days Ahead – President Tinubu Assures Nigerians President Bola Tinubu is confident of an economic rebound and is asking Nigerians to keep faith in his administration’s reforms. Inflation levels in Nigeria have reached new highs, pushing the cost of basic commodities beyond millions of persons in Africa’s most populous nation. But at the graduation ceremony for the Executive Intelligence Management Course 17 at the National Institute for Security Studies in Abuja, President Tinubu said the future looks bright for Nigeria. The president who was represented by the National Security Adviser (NSA) Nuhu Ribadu acknowledged the difficulties but said…

Dec

2024

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By Abia ThinkTank

COVID Variant XEC: FGN Responds To Reports Of It In Nigeria

FGN, Health, News Flash

FG Reveals Important Update On Reports Of COVID Variant XEC In Nigeria The Federal Government has confirmed that the COVID-19 variant XEC has not been detected in Nigeria, dispelling recent rumors and fears circulating on social media. In a statement released on Saturday, Mr. Alaba Balogun, Deputy Director of Information and Public Relations at the Ministry of Health and Social Welfare, emphasized the importance of addressing misinformation regarding the resurgence of COVID-19 in the country. He referred to a letter dated December 5, 2024, with the reference number DHS/INSPDIV/017/VOL.1/46, which erroneously implied the presence of the variant in Nigeria. “While…

Dec

2024

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By Abia ThinkTank

Nigeria Recorded N5.81 Trillion Trade Surplus In Q3 – National Bureau Of Statistics

Business, Economy, FGN, News Flash

Nigeria Recorded N5.81 Trillion Trade Surplus In Q3 Nigeria has recorded a trade surplus of N5.81tn in the third quarter of 2024, reflecting a remarkable rise in export earnings, according to the latest data from the National Bureau of Statistics. However, the surplus recorded in Q3 2024 is far lower than the N6.95tn trade surplus recorded in the previous quarter. The NBS in its foreign trade statistics report on Friday noted that Nigeria’s merchandise trade for the Q3 2024 was a total value of N35.16tn, marking an 81.35 per cent increase compared to the same period in 2023 and a…

Dec

2024

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By Abia ThinkTank

President Tinubu Appoints New CEOs For NUC, 3 Others

Education, FGN, News Flash, Presidency

President Tinubu Appoints New CEOs For NUC, 3 Others President Bola Tinubu has announced the appointment of Chief Executive Officers (CEOs) for the National Universities Commission (NUC), the Nigerian Educational Research and Development Council (NERDC), the Solid Minerals Development Fund/Presidential Artisanal Gold Mining Initiative (SMDF/PAGMI) and the New Partnership for Africa Development (NEPAD). This is contained in a statement issued by Presidential spokesman, Bayo Onanuga on Friday. Tinubu appointed Prof. Abdullahi Yusuf Ribadu, a visiting professor at the NUC, as the organisation’s Executive Secretary. Ribadu is an expert in veterinary reproduction and has served as Vice Chancellor of the Federal…