FGN - Abia ThinkTank News

Sep

27

2023

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By Abia ThinkTank

Independence Day Anniversary Speech: Tinubu To Announce Palliative Package For Nigerian Workers.

FGN, Labour, People & Events

TINUBU TO ANNOUNCE PALLIATIVE PACKAGE FOR WORKERS ON INDEPENDENCE DAY Baring last minute changes, President Bola Tinubu will announce a palliative package to enable Nigerian workers cope with the fuel subsidy removal during his Independence Day speech on October 1. This, according to Olajide Oshundun, spokesperson of the Ministry of Labour, is part of efforts toward preventing the planned nationwide strike by the organized labour. AttNews reports that labour unions in the country had declared an indefinite strike with effect from Tuesday, October 3, to protest the alleged failure of President Tinubu’s government to provide post-subsidy palliatives for workers. But…

Sep

26

2023

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FG Announces Date To Commence New Cash Transfer To 15 Million Nigerians

FGN, Economy

FG Announces Date To Commence New Cash Transfer To 15 Million Nigerians The Federal Government is set to launch a new cash transfer program targeting fifteen million households starting from October. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, announced this development during an interview on Arise TV on Monday. She emphasized that this program aims to provide tangible financial support to individuals for starting businesses and enhancing their quality of life. Edu also mentioned that the Federal Government will collaborate with state governments and local communities in the process of verifying the National Social Register. She explained…

Sep

22

2023

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Fuel Subsidy: NLC Declares Indefinite Nationwide Strike

FGN, Labour

Fuel Subsidy: NLC Declares Indefinite Strike Nationwide, Says FG Failed To Meet Demands AttNews reports that following the Federal government’s refusal to accede to the demands of the Nigeria Labour Congress (NLC), the NLC has no option than to go on a Nationwide indefinite strike. The strike was officially announced on Friday by Benson Upah, the NLC’s Director of Information and Public Affairs. The union, which had started a two-day strike, stated that the Federal Government’s failure to accept the unions’ demands during the 14-day deadline that had passed today was the reason for the decision. Upah stated in a…

Sep

22

2023

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Fuel Subsidy: Strike Looms As NLC’s Ultimatum Expires Today

Economy, FGN, Labour

Fuel Subsidy: Strike Looms As NLC’s Ultimatum Expires Today The ultimatum of the Nigeria Labour Congress (NLC) to the Federal Government to address the effect of the removal of fuel subsidy on Nigerians expires today. The leadership of the union are expected to meet next week to decide when to begin an indefinite nationwide strike. However, there are reports that the Vice President, Kashim Shettima has meeting some government personnel on how to avert the strike. According to Vanguard, the Minister of Finance, Wale Edun, and the Minister of Labour and Employment, Simon Lalong, alongside the Vice President, are putting…

Sep

21

2023

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Umahi Decries Poor East-West Road Construction, Orders Immediate Suspension

FGN, Works

Umahi Decries Poor East-West Road Construction, Orders Immediate Suspension The Minister of Works, Dave Umahi, has passed a vote of no confidence in the contractors handling the East-West Road project. During an inspection of the road on Wednesday, Umahi lamented the state of the road despite the N71 billion sunk into its rehabilitation by the Federal Government. He said, "Let me pass a vote of no confidence in this road. I wouldn't certify anything on this road. The road has completely failed and it is totally not acceptable to us. "The worst is that we have seen the places we…

Sep

10

2023

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Emefielegate: DSS Investigating Fraud Of $50 Billion Involving Olam International And Its Subsidiaries With CBN

Economy, FGN

President Bola Ahmed Tinubu is still cleaning up the mess left behind by Buhari and Emefiele during the last administration. The Department of State Services (DSS) is actively investigating a substantial economic fraud case involving Olam Nigeria Limited, Olam International, and nine subsidiary companies, with a total estimated value exceeding $50 billion. This investigation centers on a series of foreign exchange transactions dating back to 2015 when these companies reported approximately $34 billion as capital imports to the Central Bank of Nigeria (CBN). Instead of using these funds for legitimate investments in the Nigerian economy, they engaged in speculative foreign…

Sep

10

2023

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Our Prosperity Will Derive Directly From Our Diversity Of Talent And Culture From Across Nigeria, President Tinubu Tells Nigerians In India

FGN, Economy

STATE HOUSE PRESS RELEASE OUR PROSPERITY WILL DERIVE DIRECTLY FROM OUR DIVERSITY OF TALENT AND CULTURE FROM ACROSS NIGERIA, PRESIDENT TINUBU TELLS NIGERIANS IN INDIA President Bola Tinubu, who is currently in India for the G-20 Summit, shared his conviction with Nigerians during an interaction with them on Thursday evening.The President called on Nigerians to harness the country’s rich diversity as a uniquely powerful tool for advancing prosperity and national development for the benefit of all citizens, emphasizing that our diversity must be leveraged to drive economic growth, innovation, and social progress. “We are here to present a new future…

Sep

08

2023

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“This Is The Best Time To Invest In Nigeria”: Tony Elumelu Tells Indian Investors

Business, FGN

Tony Elumelu Tells Indian Investors: “This is the Best Time to Invest in Nigeria” Investment pledges amounting to nearly $14 billion U.S. dollars were committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi convened by H.E. President Bola Ahmed Tinubu. Heirs Holdings Group Chairman, Tony O. Elumelu C.F.R., urged the Indian private sector to seize the opportunity to invest in Nigeria, during the Nigeria-India Presidential Roundtable and Conference on Wednesday, September 6th, 2023, in New Delhi, India, jointly organised by the High Commission of Nigeria to India, the Confederation of Indian Industry (CII) and the Nigeria-India Business Council…

Sep

04

2023

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Press Conference By The Honorable Ministers Of Labour And Employment On The Intended Warning Strike By The NLC On Tuesday 5th And 6th Of September, 2023, Honourable Minister’s Conference Room, Federal Ministry Of Labour And Employment, 4th September 2023.

FGN, Labour

PRESS CONFERENCE BY THE HONOURABLE MINISTERS OF LABOUR AND EMPLOYMENT ON THE INTENDED WARNING STRIKE BY THE NLC ON TUESDAY 5TH AND 6TH OF SEPTEMBER, 2023, HONURABLE MINISTER’S CONFERENCE ROOM, FEDERAL MINISTRY OF LABOUR AND EMPLOYMENT, 4TH SEPTEMBER 2023. Protocols Distinguished gentlemen of the press, ladies and gentlemen, it has become expedient for me to call for this Press Conference to address the impending 2-day warning strike by members of the Nigeria labour Congress (NLC) and its affiliates. Allow me to first express my sympathy and that of the Government of President Bola Ahmed Tinubu GCFR to Nigerians and in…

Aug

25

2023

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News Update: NYSC Confirms Tinubu’s Minister As Serving Corps Member

FGN, Human Rights

News Update: NYSC Confirms Tinubu’s Minister As Serving Corps Member Human Rights Writers Association of Nigeria (HURIWA), has decried the suitability and legality of appointing Hannatu Musawa, a serving National Youth Service Corps (NYSC) member as a minister by President Bola Tinubu. HURIWA questioned the appropriateness of the Nigerian Senate in allowing Musawa as a ministerial nominee, to ‘bow and go’ in spite of the controversy surrounding her NYSC certificate. The Rights group alleged that Hannatu Musawa abandoned her NYSC in Ebonyi State some years but later showed interest to complete it during which she was mobilised in 2023 and…