FGN - Abia ThinkTank News

Jul

2024

Reps Query Minister Over N20 Million Spent On Sanitary Pads, N65m on New Year Party

Reps Query Minister Over N20 Million Spent On Sanitary Pads, N65m On New Year Party The Minister of Women Affairs, Mrs Uju Kennedy-Ohaneye has drawn the ire of the House of Representatives following the unguarded manner she allegedly spent monies which included expenditures of N45 million for a New Year party and, N20 million for sanitary pads. The House of Representatives which has now queried the minister, also frowned on her other unrelated expenditure which includes N1.5 million for vehicle fuel. Rep. Kafilat Ogbara, Chairman, House Committee on Women Affairs, led the interrogation of the Minister, over the non-payment of…

Jul

2024

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By Abia ThinkTank

Food Prices To Crash In 180 Days – FGN

Agriculture, Economy, FGN, News Flash

Food Prices To Crash In 180 Days – FG As Nigerians hit the streets to protest hunger, the Minister of Agriculture and Food Security, Sen Abubakar Kyari, Wednesday, disclosed that in 180 days food prices will crash. Kyari stated this on his X (formerly Twitter) handle, where he unveiled measures that will be implemented over the next 180 days. He said: “Our administration has unveiled a series of strategic measures aimed at addressing the high food prices currently affecting our nation. These measures will be implemented over the next 180 days; “150-Day Duty-Free Import Window for Food Commodities •Suspension of…

Jul

2024

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By Abia ThinkTank

President Tinubu Gives Former INEC Chairman Fresh Appointment

FGN, News Flash, Politics

Tinubu Gives Former INEC Chairman Fresh Appointment President Bola Tinubu has given former Chairman of the Independent National Electoral Commission (INEC), Professor Attahiru Jega a fresh appointment. The appointment was announced on Tuesday when Tinubu inaugurated the Presidential Committee on Implementation of Livestock Reforms at the presidential villa in Abuja. Jega was named as co-Chairman of the Committee established to address obstacles to agricultural productivity and open up new opportunities which benefit farmers, herders, processors, and distributors in the livestock-farming value chain. “When you have great opportunity as this, why should Nigeria continue in conflict with the calibre of the…

Jul

2024

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By Abia ThinkTank

President Tinubu’s Government Set To Borrow A Fresh $2 Billion Crude Oil-Backed Loan

Economy, FGN, News Flash, Politics

Tinubu’s Government Set To Borrow A Fresh $2 Billion Crude Oil-Backed Loan The President Bola Tinubu-led federal government is seeking an additional $2 billion crude oil-backed loan from international creditors to boost its financial inflow. Sources familiar with the matter disclosed that the loan is being sought to augment the country’s finances, which have been strained in recent times. Reuters reported on Tuesday that the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, confirmed the development, stating that the national oil company is in talks with international creditors to raise an oil-backed credit facility.…

Jul

2024

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By Abia ThinkTank

FGN Removes Tariffs On Rice Importations, Set To Import 500,000 Metric Tonnes Of Maize, Wheat To Tackle Food Inflation

Business, Economy, FGN, News Flash

FG Removes Tariffs On Rice Importation, Set To Import 500,000 Metric Tonnes Of Maize, Wheat To Tackle Food Inflation The President Bola Tinubu-led Nigerian government has announced measures to tackle the skyrocketing food prices nationwide. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, said the measures would be implemented over the next 180 days. “A 150-Day Duty-Free Import Window for food commodities which includes; suspension of duties, tariffs and taxes for the importation of certain food commodities through land and sea borders.” The commodities the government is prioritising to benefit from this include: Maize, Husked Brown Rice, Wheat…

Jul

2024

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By Abia ThinkTank

Defence Minister Congratulates President Tinubu On His Re-election As ECOWAS Chairman

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

Defence Minister Salutes President Tinubu On His Re-election As ECOWAS Chair The Minister for Defence (state), Dr. Bello Matawalle has congratulated President Bola Ahmed Tinubu on his re-election as the Chairman of the Economic Community of West African States. The Dogged Minister on Sunday also felicitated Nigerians on the great honour and privileged position of Chairman of ECOWAS now re-occupied by President Tinubu. Congratulating President Bola Ahmed Tinubu, GCFR, Dr. Matawalle noted that the Nigerian President’s re-election is a testament that confirms President Tinubu’s extra- ordinary leadership qualities which his colleague Presidents from ECOWAS countries are pleased with. “I urge…

Jul

2024

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By Abia ThinkTank

President Tinubu Re-Elected ECOWAS Chairman

FGN, News Flash, World News

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…