FGN - Abia ThinkTank News

Jul

2024

President Tinubu Re-Elected ECOWAS Chairman

President Tinubu Re-elected ECOWAS Chairman President Bola Tinubu has been re-elected for another one-year tenure as Chairman of the ECOWAS Authority of Heads of States and Government. Tinubu, whose first tenure is to elapse on July 9, 2024, was elected by a unanimous decision of fellow Heads of Government at the 65th Ordinary Session of the Authority held at the State House, Abuja, on Sunday. In his acceptance speech, the President said, “I have accepted to continue to deliver on this service with the great men and women on this democratic journey, to serve our interest and build democratic values…

Jul

2024

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By Abia ThinkTank

NELFUND Opens Student Loan Application For 36 State-Owned Tertiary Institutions (See List)

News Flash, Education, FGN

NELFUND Opens Student Loan Applications For 36 State-Owned Tertiary Institutions (FULL LIST) The Nigerian Education Loan Fund (NELFUND) has announced the commencement of student loan applications for 36 state-owned tertiary institutions across Nigeria, effective July 7, 2024. This was disclosed in a statement by the Fund’s management on Sunday via its official X account. According to NELFUND, the affected institutions have successfully submitted their student data to the NELFUND Student Verification System (SVS). The management urged other state-owned tertiary institutions to promptly submit their complete student data to the NELFUND SVS to ensure their students can benefit from the scheme.…

Jul

2024

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By Abia ThinkTank

Despite Economic Hardship, Nigerians Will Re-elect Tinubu In 2027 -APC

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

Despite Economy Hardship, Nigerians Will Re-elect Tinubu In 2027 – APC The All Progressives Congress has expressed conviction that President Bola Tinubu will be re-elected in 2027 despite the economic hardship and planned alliance between mega opposition parties. The lingering economic hardship resulting from ongoing reforms such as fuel subsidy removal and floating of the naira has given rise to palpable fear that Nigerians may vote out Tinubu in 2027. But the Deputy National Organising Secretary of the ruling party, Nze Chidi Duru, in an interview with Sunday PUNCH, said the ongoing reforms had to come into play to steady…

Jul

2024

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By Abia ThinkTank

Federal High Court Orders Buhari’s Minister To Account For N729 Billion

Judiciary, FGN, News Flash

Court Orders Buhari’s Minister To Account For N729 Billion The Federal High Court sitting in Lagos, in a landmark judgment, has ordered Ms Sadia Umar-Farouk, former Minister of Humanitarian Affairs, Disasters Management and Social Development to account for payments of N729bn to 24.3 million poor Nigerians for six months. The court also ordered the former minister to provide the list and details of the beneficiaries who received the payments, the number of states covered and the payments per state. The judgment was delivered last month by Hon. Justice Deinde Isaac Dipeolu following a Freedom of Information suit number: FHC/L/CS/853/2021, brought…

Jul

2024

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By Abia ThinkTank

I Grow Vegetables; Nigerian Women Should Also Get Involved In Farming – Remi Tinubu

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

I Grow Vegetables; Nigerian Women Should Also Get Involved In Farming – Remi Tinubu First Lady Oluremi Tinubu has advised Nigerian women to get involved in farming to boost food production in the country. “Earlier today, I was at my garden to tend to it and water my plants myself. I have planted seven different vegetables,” Mrs Tinubu tweeted, posting a photo of herself in the garden on Saturday. She added, “I would like to encourage all Nigerian women to join the #EveryHomeAGarden competition and get involved in farming and food production.” Mrs Tinubu’s call for women’s involvement in farming…

Jul

2024

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By Abia ThinkTank

Blackout As National Grid Collapses, Fourth Time In 2024

News Flash, FGN, Power & Energy

Blackout As National Grid Collapses, Fourth Time In 2024 The national electricity grid has experienced another system failure, leading to a nationwide blackout. Confirming the blackout in a statement on Saturday, the Abuja Electricity Distribution Company (AEDC) said the power outage being experienced within its franchise is due to a system failure from the national grid. “Please be informed that the power outage being experienced is due to a system failure from the national grid at 3:10pm today, affecting the power supply to our franchise areas,” the AEDC said. The DisCo said it is working with the relevant stakeholders to…

Jul

2024

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By Abia ThinkTank

It’s Shameful We’re Still Generating 4.5GW Of Electricity – President Tinubu

Columns/Opinions/Letters, FGN, News Flash, Power & Energy

It’s Shameful We’re Still Generating 4.5GW Of Electricity – Tinubu President Bola Tinubu has expressed displeasure that Nigeria despite its size is still generating 4.5GW of electricity. President Tinubu expressed the displeasure when he inaugurated a 31 member Presidential Economic Coordination Council at the Council Chamber, Presidential Villa Abuja. He underscored the need for innovative solutions to the country’s economic challenges, noting the importance of public-private partnerships in driving economic reforms. According to him, ”We have the challenge of energy security in Nigeria. We need to work together to improve our oil and gas sector, and we must also increase…

Jul

2024

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By Abia ThinkTank

Good News!!! Nnamdi Kanu Coming Out Anytime From Now

Abia State, FGN, Gossips, News Flash, South East

President Tinubu Reportedly Agrees To Release Nnamdi Kanu President Tinubu Reportedly Agrees To Release Nnamdi Kanu—-The Genius Media Nigeria reports that President Tinubu has reportedly agreed to release Nnamdi Kanu. TGM gathered that President Bola Tinubu has reportedly agreed to release Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB) following the nationwide outcry. This Nigeria news platform understands that the younger brother of former Ekiti State governor, Ayodele Fayose, Isaac made this known via his verified Instagram Page. Taking to his page to thank President Tinubu, Fayose wrote, “Good news!!! Nnamdi Kanu coming out anytime from now. Thank…

Jul

2024

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By Abia ThinkTank

Dangote, Elumelu, Rewane Enlisted As Tinubu Inaugurates Economic Team

Economy, FGN, News Flash

Dangote, Elumelu, Rewane Enlisted As Tinubu Inaugurates Economic Team President Bola Tinubu on Thursday inaugurated the Presidential Economic Coordination Council (PECC) tasked with strategising a way out of the current economic situation in the country. The Council has a mix of government officials, top private sector players, and consultants including President of the Dangote Industries Limited, Mr Aliko Dangote; Chairman of the United Bank of Africa, Mr Tony Elumelu; and Chief Executive Officer of the Financial Derivatives Company Limited, Bismarck Rewane. Briefing State House Correspondents after the Inauguration of the Council, Minister of Finance and Coordinating Minister of the Economy,…

Jul

2024

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By Abia ThinkTank

FGN Imposes 7.5% VAT On Cryptocurrency Transactions

Economy, CBN/Commercial Banking, FGN, News Flash

FG Imposes 7.5% VAT On Cryptocurrency Transactions The Federal Government has imposed a 7.5 percent Value Added Tax(VAT) on cryptocurrency transactions. This development was made known after KuCoin; a cryptocurrency exchange, says it will commence collection of the transaction fees for users in Nigeria. In a statement on July 3, the cryptocurrency platform said the deduction of the VAT would commence from July 8 and that for every trade, the 7.5 percent VAT will be applied to the transaction fee — not the total transaction amount. According to KuCoin, if a user buys $1,000 worth of bitcoin with a 0.1…