FGN - Abia ThinkTank News

Nov

21

2024

0 Comments

By Abia ThinkTank

FAAC Shares N1.411 Trillion October Revenue

Economy, FGN, News Flash

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…

Nov

20

2024

0 Comments

By Abia ThinkTank

Leading By Example: EFCC Chairman Sacks 2 ‘Corrupt’ Officials

Crime, FGN, News Flash

EFCC Chairman Sacks Two ‘Corrupt’ Officials Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), has announced the dismissal of two officials over alleged corruption. Speaking on Tuesday at the annual criminal law review conference organised by the Rule of Law Development Foundation in Abuja, Olukoyede said the staff were sacked two weeks ago. He said the commission is undergoing significant reforms, including addressing staff misconduct. Olukoyede challenged Nigerians to come forward if they had evidence of him receiving bribes. “Just two weeks ago, I have cause to dismiss two staff. You can’t be fighting corruption and your…

Nov

19

2024

0 Comments

By Abia ThinkTank

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

Economy, FGN, National Assembly, News Flash, Presidency

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…

Nov

19

2024

0 Comments

By Abia ThinkTank

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

Columns/Opinions/Letters, Economy, FGN, News Flash, Politics, Presidency

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…

Nov

19

2024

0 Comments

By Abia ThinkTank

Ahmed Tinubu’s Fascism, A Cause For Reflection – By Dr. Engr. Odo Ijere (Okpotemba)

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

Ahmed Tinubu's Fascism, A Cause For Reflection. President Bola Ahmed Tinubu's rabid Yorubanization policies as being witnessed by his irriducible ethno tribal appointments in a heterogeneous nation is ignoble, shameless, too insensitive, destructive and myopic. It is fascism in the brutal sense of it but twisted in tribal blend. After Buhari's fulanization conquest in the years between 2015 and 2023 that took the nation backwards by 50 years, no one had any shred of imagination that another tribal warrior could emerge that would worst the ethno tribal records set by the fulani General. Now comes Bola Ahmed Tinubu, a southerner…

Nov

18

2024

0 Comments

By Abia ThinkTank

Apologize To Nigerians; Democracy Suffered Mortal Wound Under You – Presidency Blasts Obasanjo

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

Apologize To Nigerians, Democracy Suffered Mortal Wound Under You – Presidency Blasts Obasanjo The Special Adviser to President Bola Tinubu on Public Communication and Orientation, Sunday Dare, has lambasted former president, Olusegun Obasanjo. Dare in a statement on his X Platform, formerly (Twitter), described Obasanjo’s regime as the most corrupt government in the history of Nigeria. He said that Obasanjo has no moral right to condemn any government, noting that he should apologize to Nigerians for not laying the foundational infrastructure Nigeria needed to advance. Recall that the former military head of state, had in his keynote lecture titled, “Leadership…

Nov

18

2024

0 Comments

By Abia ThinkTank

President Tinubu Sacks Top Government Official, Appoints Another

FGN, News Flash, Politics

President Tinubu Sacks Top Government Official, Appoints Another President Bola Tinubu has sacked Nura Sani Kangiwa as Director-General of the National Institute for Hospitality and Tourism (NIHOTOUR). Sani Kangiwa was appointed NIHOTOUR DG in September 2020 by former president, Muhammadu Buhari. Though no official reason was provided for the dismissal, it is possible that his tenure had come to an end. It may also be part of President Tinubu’s broader efforts to refresh leadership and ensure renewed focus in key government agencies. In his place, President Tinubu on Thursday last week appointed Abisoye Fagade as the new Director-General of NIHOTOUR.…

Nov

17

2024

0 Comments

By Abia ThinkTank

Indian Prime Minister, Modi Arrives Nigeria

FGN, International, News Flash

India Prime Minister, Modi Lands In Nigeria The Prime Minister of India, Narendra Modi has arrived in Abuja, the Nigeria’s Capital. He was welcomed by Federal Capital Territory Minister, Nyesom Wike, and other dignitaries. Narendra Modi, who is on a two-day State visit to Nigeria arrived at the Presidential Wing of the Ahmadu Bello Airport a few minutes ago. The last Indian leader to visit Nigeria was Dr. Manmohan Singh in 2007.FCT Minister, Nyesom Wike, welcoming the Prime Minister of India, Narendra Modi to Nigeria. Narendra Modi, who is on a two-day State visit to Nigeria arrived at the Presidential…

Nov

17

2024

0 Comments

By Abia ThinkTank

Don’t Hike Prices Of Food Items During Xmas, New Year Celebration – Oluremi Tinubu Appeals To Market Women

Business, Economy, FGN, News Flash

Don’t Hike Prices Of Food Items During Xmas, New Year Celebration – Oluremi Tinubu Appeals To Market Women As the Yuletide season draws nearer, the First Lady, Senator Oluremi Tinubu, has appealed to market women to refrain from unfair hike in prices of food items during the festive season. This is as the President’s wife has inaugurated a 3.1 kilometer runway at the Wilberforce Chuba Okadigbo International Airport, Onueke, Ebonyi State. She performed the ceremony on the margins of her visit to the state where she attended the 2024 Ebonyi Women’s Day Celebration. She was joined at the inauguration ceremony…

Nov

15

2024

0 Comments

By Abia ThinkTank

FGN Sends Over 600 Delegates To Climate Summit, Atiku’ s Camp Blasts Tinubu

FGN, Environment, News Flash

FG Sends Over 600 Delegates To Climate Summit, Atiku’s Camp Blasts Tinubu Paul Ibe, media aide to former Vice President Atiku Abubakar, has accused the Bola Tinubu-led government of “preaching austerity while indulging in excess.” Ibe was reacting to media reports that the Tinubu administration sponsored 634 delegates to the ongoing #COP29 climate summit in Baku, Azerbaijan. The reports also revealed that the Nigerian delegation spent a staggering N866 million in flight expenses alone. Writing on X, Ibe stated: “Under the stewardship of President Tinubu, Nigeria has sadly garnered notoriety on the global stage, setting Guinness World Records albeit for…