FGN

Dec
20
2024
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By Abia ThinkTank
Year 2025 To Witness More Infrastructural Development – President Tinubu

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…
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Dec
18
2024
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By Abia ThinkTank
Senate Moves To Ban Foreign Currencies In Nigeria, Insist On Naira-Only Transactions

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…
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Dec
18
2024
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By Abia ThinkTank
Debt Servicing To Gulp N15.8Trn In President Tinubu’s 2025 Budget Proposal

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,…
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Dec
18
2024
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By Abia ThinkTank
Security, Infrastructure, Education Top President Tinubu’s 2025 N47.9 Trillion Budget Proposal

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…
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Dec
18
2024
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By Abia ThinkTank
Ghana’s President – Elect John Mahama Meets Tinubu At Presidential Villa

Ghana’s President – Elect John Mahama Meets Tinubu At Presidential Villa

FGN, News Flash, Politics, Presidency
Ghana’s President-Elect John Mahama Meets Tinubu At Presidential Villa The president-elect of Ghana, His Excellency John Dramani Mahama met with President Bola Tinubu in Abuja, Nigeria’s capital city. Mahama who is on a courtesy visit to Nigeria met President Tinubu in his residence at the Presidential Villa on Monday, December 16. This was disclosed in a post shared on X, Olusegun Dada, the special assistant to the president on social media. Dada said, “President-Elect of Ghana, H.E John Dramani Mahama paid a courtesy visit to President Tinubu at his residence, Presidential Villa, State House Yesterday.” The post was made alongside…
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Dec
16
2024
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By Abia ThinkTank
Supreme Court To Decide Fresh Suite Seeking Removal Of Tinubu As President This Monday

Supreme Court To Decide Fresh Suite Seeking Removal Of Tinubu As President This Monday

FGN, Judiciary, News Flash, Politics
Supreme Court To Decide Fresh Suit Seeking Removal Of Tinubu As President This Monday The Supreme Court will on Monday, December 16, determine the fate of President Bola Tinubu in a fresh suit seeking his removal from office as Nigeria’s leader. The new suit marked SC/CV/667/2023 is praying the apex court to sack Tinubu on two major grounds of alleged non-qualification to hold office as Nigeria’s President and usurpation of the same office against the law of the country. A candidate in the 2019 presidential election on the platform of Hope Democratic Party, HDP, Chief Ambrose Albert Owuru, filed the…
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Dec
15
2024
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By Abia ThinkTank
‘Endure This Unintentional Hardship, But There Is…..’ – President Tinubu Tells Nigerians

‘Endure This Unintentional Hardship, But There Is…..’ – President Tinubu Tells Nigerians

Economy, FGN, News Flash, Politics
‘Endure This Unintentional Hardship, But there is…’ – Tinubu Tells Nigerians President Bola Tinubu has said he is aware of the harsh economic situation of the country, and he begged Nigerians to endure what he described as “unintentional hardship”. Also, President Tinubu noted that he does not take pleasure in inflicting pains on Nigerians. He assured that there was light at the end of the tunnel. Tinubu said this at the 48th convocation ceremony of Obafemi Awolowo University, OAU, Ile-Ife, Osun State. He said he had embraced both the assets and liability of his predecessors. The President was represented by…
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Dec
14
2024
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By Abia ThinkTank
Dr. Obasi David Ukoha Pays Solidarity Visit To The Deputy Speaker Of House Of Reps On His Appointment As Federal Permanent Secretary

Dr. Obasi David Ukoha Pays Solidarity Visit To The Deputy Speaker Of House Of Reps On His Appointment As Federal Permanent Secretary

FGN, National Assembly, News Flash
I want to share some exciting news with you. The newest Federal Permanent Secretary in charge of the National Assembly's Directorate of Legislative Budget and Planning. Dr. Obasi David Ukoha, has visited the Deputy Speaker of the House of Representatives, H.E. Rt. Hon. Benjamin Okezie Kalu, CON. He also paid a courtesy visit to the Deputy Speaker to present his appointment letter and show solidarity. This is a welcome development, and we encourage our newest Permanent Secretary to continue making us proud. By Dr. Chukwuemeka Ifegwu Eke
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Dec
14
2024
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By Abia ThinkTank
Hope For Nigeria As Petrol Landing Cost Crashes Further

Hope For Nigeria As Petrol Landing Cost Crashes Further

Economy, FGN, News Flash, Oil & Gas
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…
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Dec
14
2024
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By Abia ThinkTank
FAAC: FG, States, LGs Share N1.727 Trillion

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…
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