FGN - Abia ThinkTank News

Jan

09

2025

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By Abia ThinkTank

China Approves $254 Million Loan For President Tinubu Government’s Kano-Kaduna Railway Project

Business, CBN/Commercial Banking, FGN, Infrastructure, News Flash

China Approves $254 Million Loan For President Tinubu Government’s Kano-Kaduna Railway Project The China Development Bank (CDB) has approved a $254.76 million loan to support the construction of the Kano-Kaduna railway project in Nigeria by the President Bola Tinubu-led government. In a statement released on Tuesday, the bank said the funding would facilitate the smooth implementation of the infrastructure project. The construction is being handled by the China Civil Engineering Construction Corporation (CCECC) with financial backing from the CDB. “The Kano-Kaduna railway spans a total of 203 kilometers and is designed as a standard-gauge railway,” the statement noted. “Upon completion,…

Jan

08

2025

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By Abia ThinkTank

Football: NFF Appoints Eric Chelle As New Head Coach Of The Super Eagles

FGN, Football, Sports

NFF Appoints Éric Chelle As New Head Coach Of The Super Eagles The Executive Committee of the Nigeria Football Federation has endorsed the recommendation of its Technical and Development Sub-Committee for the appointment of Mr. Éric Sékou Chelle as Head Coach of Nigeria’s senior men national football team, Super Eagles. At its meeting held in Abuja on Thursday, 2nd January 2025, the NFF Technical and Development Sub-Committee had recommended the appointment of former Coach of the senior men national team of Mali as the new Head Coach of the Super Eagles. This recommendation was on Tuesday, 7th January endorsed by…

Jan

08

2025

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By Abia ThinkTank

President Tinubu Approves Bulletproof SUVs, Medical Trip For Retired Army Generals

FGN, News Flash, Security

Tinubu Approves Bulletproof SUVs, Medical Trip For Retired Army Generals Following the signing of the new terms and conditions of service of the Armed Forces, President Bola Tinubu has approved mouth-watering allowances for officers of General rank, who will retire after serving 35 years. Some of the allowances include the provision of a bulletproof SUV as take-home gift, fully paid foreign medical treatment, $20,000 as estacode while embarking on the medical trip, and payments for cooks and house helps. The T & CThe Harmonised Terms and Conditions of Service for Officers and Enlisted Personnel in the Nigerian Armed Forces, which…

Jan

05

2025

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By Abia ThinkTank

People Will Insult Me…..But I Know What It Takes To Build A Nation – President Tinubu In Enugu

FGN, Infrastructure, News Flash, Politics, Presidency

People Will Insult Me… But I Know What It Takes To Build A Nation – President Tinubu In Enugu President Bola Tinubu says he knows what it takes to govern the country and “gather a very good team and build a nation”. Tinubu spoke in Enugu on Saturday during a meeting with stakeholders from the south-east geopolitical zone. The president was in Enugu on his first official visit to inaugurate projects initiated by Peter Mbah, governor of the state. The projects inaugurated include 30 smart green schools, 60 completed type 2 primary health centres, and the 19-kilometre Airport-New Haven–Bisalla and…

Jan

01

2025

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By Abia ThinkTank

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

01

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

29

2024

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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

24

2024

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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

24

2024

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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

20

2024

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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…