FGN - Abia ThinkTank News

Sep

2024

World Bank Approves $1.57Billion Loan In Financing For Nigeria

CBN/Commercial Banking, Economy, FGN, News Flash

World Bank Approves $1.57 Billion Loan For Nigeria The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria. According to a statement released on Monday, the approval is to support the Federal Government in strengthening human capital through better health for women, children and adolescents. It added that the approved projects would also help build resilience to the effect of climate change such as floods and drought through improving dams safety and irrigation. The statement read, “The World Bank has today approved three operations for a total of $1.57bn to support the Government of Nigeria…

Sep

2024

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By Abia ThinkTank

FGN To Distribute 2,000 CNG-Powered Tricycles To Youths Across Nigeria From October 1st

Economy, FGN, News Flash

FG To Distribute 2,000 CNG-Powered Tricycles To Youths Across Nigeria From October 1st The Federal Government, through the Presidential Compressed Natural Gas Initiative (PCNGi), will begin the distribution of 2,000 CNG-powered tricycles to youths in the transportation sector across Nigeria starting October 1st, 2024. The initiative aims to distribute 2,000 CNG-powered tricycles to youths in the transportation sector across the country, as part of efforts to address rising transportation costs and promote more sustainable and affordable mobility options. In an X (formerly Twitter) post on Saturday, PCNGi highlighted that the program is part of the Tinubu administration’s broader strategy to…

Sep

2024

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By Abia ThinkTank

Planned October 1 Demonstrations: Nigerian Police Warn Intending Protesters

FGN, News Flash, Security

Police Warn Protesters Ahead Of October 1 Demonstrations The Lagos state commissioner of Police, Olarenwaju Ishola, has warned intending protesters against unlawful acts during the planned protest. He gave the warning during a town hall meeting with stakeholders and security agencies organised by the Lagos police command on Friday in Ikeja, Lagos. There are talks of another planned nationwide protest by some groups over challenges being faced in the country, which is slated for Oct. 1. Mr Ishola assured Lagos residents of police presence to maintain safety and order during planned protests. “We are not stopping anybody from protesting, it…

Sep

2024

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By Abia ThinkTank

Bobrisky: We Will Not Shield Anyone – FGN Vows

Crime, FGN, News Flash

Bobrisky: Nobody Will Be Shielded – FG Vows The Federal Government has promised to sanction any officer found guilty in the alleged bribery saga involving a crossdresser Idris Okuneye aka Bobrisky. In a viral video, the crossdresser who was sentenced to six months in prison for naira abuse was said to have served his term outside of a correctional facility after paying some officers of the Nigerian Correctional Service (NCoS). But speaking during a media in Abuja to mark his one year in office, the Minister of Interior Olubunmi Tunji-Ojo said no officer of the NCoS found wanting in the…

Sep

2024

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By Abia ThinkTank

Bobrisky: FGN Suspends Prisons Officers

Crime, FGN, News Flash

(Bobrisky): FG Suspends Prisons Officers The Federal Government has suspended the officers in charge of the Maximum and Minimum Custodial Centres, Kirikiri, Lagos State, following an audio leak indicating that cross dresser, Idris Okuneye aka Bobrisky who was convicted of a crime and sentenced to six months in jail was given an apartment outside the custodial centre. Secretary of the Civil Defence, Correctional, Fire and Immigration Services Board CDCFIB, Ja’afaru Ahmed disclosed this in a statement issued Thursday in Abuja. Minister of Interior, Dr Olubunmi Tunji-Ojo had on Wednesday initiated a probe of the allegations. Ahmed in the statement said…

Sep

2024

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By Abia ThinkTank

US Court Didn’t Authorize Seizure Of $21m Belonging To Nigerian Govt – AGF Clears Air

Columns/Opinions/Letters, FGN, News Flash

US Court Didn’t Authorize Seizure Of $21m Belonging To Nigerian Govt — AGF Clears Air The Attorney General of the Federation (AGF) and Minister of Justice, Prince Lateef Fagbemi, SAN, has clarified that, at no time did the US District Court authorize the seizure of funds belonging to the Nigerian government in the custody of JP Morgan. The AGF’s clarification was in response to publications by the Peoples Gazette on 21 August 2023, which stated: “UK Court authorizes SSS victim Williams Emovbira to seize $21 million from CBN account with JP Morgan in New York.” According to Fagbemi, in a…

Sep

2024

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By Abia ThinkTank

FGN Increases NYSC Members Allowance From N33,000 To N77,0000

Education, FGN, News Flash

FG Increases NYSC Members Allowance From N33,000 To N77,000 The Federal Government has approved the increase of Corps Members’ monthly allowance from N33,000 to N77,000, The Guardian can report. A statement on Wednesday night by the Acting Director, Information and Public Relations of the Corps, Caroline Embu, said this will take effect from July 2024. According to the statement, the increase is in line with the enactment of the National Minimum Wage (Amendment) Act 2024. It revealed that a letter from the National Salaries, Incomes, and Wages Commission, dated September 25, 2024, and signed by the Chairman, Ekpo Nta, has…

Sep

2024

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By Abia ThinkTank

President Tinubu Seeks Debt Forgiveness For Nigeria

Economy, FGN, News Flash

Tinubu Seeks Debt Forgiveness For Nigeria President Bola Tinubu has called on world leaders to prioritise debt forgiveness for Nigeria and other developing countries from creditors and multilateral financial institutions. The President also asked the United Nations to commit to multilateralism by deepening relations among member states, in line with the principles of inclusivity, equality etc Tinubu, who is the Chairman of the Authority of Heads of States and Government of the Economic Community of West African States, made the call while addressing world leaders during the General Debate of the ongoing 79th Session of the United Nations General Assembly,…

Sep

2024

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By Abia ThinkTank

16 Key Decisions Taken By President Tinubu At Monday’s FEC Meeting

FGN, News Flash

16 Key Decisions Taken By Tinubu At Monday’s FEC Meeting President Bola Tinubu on Monday presided over the Federal Executive Council meeting at the Aso Rock villa. The meeting had in attendance Chief of Staff to the President, Femi Gbajabiamila; National Security Adviser (NSA), Nuhu Ribadu, Secretary to the Government of the Federation, George Akume; as well as other members of the Council. Below are the highlights of the meeting: The meeting reviewed the flooding in some parts of the country, especially the one that destroyed almost 50 per cent of Maiduguri in Borno State. The meeting backed the President’s…

Sep

2024

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By Abia ThinkTank

President Tinubu Breaks Silence On Outcome Of Edo Governorship Election

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

President Tinubu Breaks Silence On Outcome Of Edo Guber Election President Bola Tinubu has commended the Independent National Electoral Commission (INEC) for conducting what he termed a successful, peaceful, and largely hitch-free governorship election in Edo State. In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, President Tinubu congratulated Senator Monday Okpebholo, the All Progressives Congress (APC) candidate, on his victory. “I commend INEC and our security agencies for their tireless efforts,” Tinubu said. “INEC has once again demonstrated its commitment to organizing free and fair elections in our country.” President Tinubu praised APC national…