FGN - Abia ThinkTank News

Aug

2024

FAAC Disburses N1.358 Trillion In July 2024 To FG, States, LGAs

CBN/Commercial Banking, Economy, FGN, News Flash

FAAC Disburses N1.358 Trillion In July 2024 To FG, States, LGAs The Federation Accounts Allocation Committee (FAAC) has shared N1.358 trillion to Federal Government, States and Local Government Councils in July 2024. This allocation, which came from the July 2024 Federation Accounts Revenue, is aimed at promoting equitable distribution of resources across the country. According to the communiqué at the end of the meeting, the Federal Government received a cumulative sum of N431.079 billion while state governments were allocated N473.477 billion. Local governments received N343.703 billion, and oil-producing states were granted N109.816 billion. The breakdown of the N1.358 trillion total…

Aug

2024

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By Abia ThinkTank

President Tinubu, Equatorial Guinea President Sign Agreement On Gas Pipeline

Business, FGN, News Flash

Tinubu, Equatorial Guinea President Sign Agreement On Gas Pipeline President Bola Tinubu and Equatorial Guinea, President Teodoro Mbasogo on Wednesday evening in Malabo signed an agreement on the Gulf of Guinea Pipeline Project, further affirming the partnership for mutual development. The agreement covered legislative and regulatory measures for the gas pipeline, establishment and operation, transit of natural gas, ownership of the gas pipeline, and general principles. In his remarks at the event, President Tinubu, who is on a three-day official visit to Equatorial Guinea, said the signing of the agreement will open up new opportunities for gas exploration and employment.…

Aug

2024

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By Abia ThinkTank

11 FGN Initiatives Nigerians Should Know About, Websites To Register

Economy, FGN, News Flash

11 FG Initiatives Nigerians Should Know About, Websites To Register The Minister of Information and National Orientation, Mohammed Idris, announced that Nigerians can access at least eleven different initiatives established by the Federal Government. These key initiatives span various sectors, including education, transportation, business, housing, and skills acquisition, among others. Idris made this disclosure in a Wednesday noon post on X, using the hashtag #HMMohammedIdris. He also shared a two-minute and 52-second video on his page. He posted, “Nigerians have at least eleven different initiatives created by the federal government to apply and register for These eleven key initiatives cover…

Aug

2024

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By Abia ThinkTank

Obi Knocks FGN Over Seizure Of Presidential Jets

FGN, News Flash, Politics

Obi Knocks FG Over Seizure Of Presidential Jets Former Governor of Anambra State and 2023 presidential candidate, Peter Obi, has criticised the Nigerian government following the international seizure of three jets belonging to the Presidential fleet. Describing the incident as an international embarrassment, Obi, in a statement via X on Thursday, condemned the federal government’s handling of the situation, highlighting the broader implications of the event. “The trending international news on the seizure of three jets belonging to Nigeria’s Presidential fleet is yet another of many embarrassing things exposing our failed leadership and our attitude to the rule of law…

Aug

2024

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By Abia ThinkTank

FGN Blasts Chinese Company, Says Presidential Jets Can’t Be Seized

Business, FGN, Judiciary, News Flash

FG Blasts Chinese Company, Says Presidential Jets Can’t Be Seized The Presidency has broken its silence on a French Court for the seizure of three Nigerian Presidential jets. Citing Financial Times, Daily Trust had reported how the court ordered seizure of the aircraft over a botched deal Ogun State government and a Chinese company. The jets listed for seizure are a Dassault Falcon 7X, a Boeing 737-7N6/BBJ and an Airbus A330-243 stationed at Paris-Le Bourget and Basel-Mulhouse airports. Zhongshan Fucheng Industrial Investment Co. Limited,, a Chinese company whose export processing zone management contract was revoked by the Ogun state government…

Aug

2024

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By Abia ThinkTank

President Tinubu Okays 300% Salary Increase For Judicial Officers

FGN, Judiciary, Labour, News Flash

Tinubu Okays 300% Salary Rise For Judicial Officers President Bola Tinubu has signed the Judicial Office Holders Salaries and Allowances Bill into law. The Special Adviser to the President on Senate Matters, Senator Basheer Lado, disclosed this in a statement in Abuja on Tuesday. The National Assembly had in June approved a bill that grants a 300 per cent salary increase for judicial officers at the federal and state levels. This followed the consideration and adoption of an executive bill transmitted by the President which sought to prescribe improved salaries and allowances as well as other fringe benefits for judicial…

Aug

2024

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By Abia ThinkTank

Jonathan, Buhari Attend Council Of State Meeting In Aso Villa

Abuja, FGN, News Flash, Politics

Jonathan, Buhari Attend Council Of State Meeting In Aso Villa Council of state meeting, FEC meetingPresident Bola Tinubu is currently presiding over his first National Council of State meeting since assuming office. The meeting at the Presidential Villa, Abuja is being attended by former presidents Goodluck Jonathan and Mohammadu Buhari. With no executive powers, the National Council of State is an advisory organ of the federal government. Its membership includes the president who is the Chairman; Vice President, who is the Deputy Chairman; all former Presidents of the Federation and all former Heads of the Government of the Federation; all…

Aug

2024

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By Abia ThinkTank

Justice Kudirat Kekere-Ekun Appointed New Chief Justice Of Nigeria

FGN, Judiciary, News Flash

Justice Kudirat Kekere-Ekun has been appointed as the New Chief Justice of Nigeria The former Chief Justice (CJN), Olukayode Ariwoola, has retired as a Supreme Court judge this August paving the way for the appointment of the second female to ever hold the post of CJN. Kudirat Kekere-Ekun (born1958), has been a Supreme Court judge since 2013, has succeed Ariwoola when he takes a bow on his controversial tenure. The constitution mandates that the president sends the name of the most senior Supreme Court judge to the Senate for confirmation as CJN when the incumbent retires. Kekere-Ekun is the most…

Aug

2024

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By Abia ThinkTank

Jubilation As FG Pays 45-Months Minimum Wage Areas To NiMET Staff

Economy, FGN, News Flash

Excitement As FG Pays 45-Months Minimum Wage Arrears To NiMET Staff The Federal Government has settled the outstanding minimum wage arrears for the staff of the Nigerian Meteorological Agency (NiMET), covering a period of 3 years and 9 months. This payment resolves a long-standing issue dating back to 2019, which had caused tensions between NiMet’s management, its employees, and labour unions. The Director General of NiMet, Professor Charles Anosike, expressed gratitude to President Bola Tinubu for authorizing the settlement of these arrears. The unions had initially planned to initiate a strike on May 20, 2024, but this action was halted…

Aug

2024

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By Abia ThinkTank

President Tinubu Commissions CNG Buses Produced By Innoson Motors

FGN, News Flash, Politics, Presidency

Tinubu Sets To Commission CNG Buses Produced By Innoson Motors President Bola Ahmed Tinubu is scheduled to commission a fleet of Compressed Natural Gas (CNG) buses produced by Innoson Motors yesterday. The commissioning ceremony will took place shortly at the State House in Abuja. The CNG buses, manufactured by the indigenous company Innoson Motors, are expected to enhance public transportation while contributing to environmental conservation by reducing carbon emissions. The commissioning of the buses is anticipated to boost local manufacturing and support the growth of Nigeria’s automotive industry. Officials say it also aligns with the Tinubu-led government’s efforts to modernize…