FGN

Jul
10
2024
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By Abia ThinkTank
President Tinubu’s Government Set To Borrow A Fresh $2 Billion Crude Oil-Backed Loan

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.…
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Jul
09
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

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…
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Jul
08
2024
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By Abia ThinkTank
Defence Minister Congratulates President Tinubu On His Re-election As ECOWAS Chairman

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…
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Jul
08
2024
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By Abia ThinkTank
President Tinubu Re-Elected ECOWAS Chairman

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…
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Jul
08
2024
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By Abia ThinkTank
NELFUND Opens Student Loan Application For 36 State-Owned Tertiary Institutions (See List)

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.…
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Jul
08
2024
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By Abia ThinkTank
Despite Economic Hardship, Nigerians Will Re-elect Tinubu In 2027 -APC

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…
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Jul
08
2024
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By Abia ThinkTank
Federal High Court Orders Buhari’s Minister To Account For N729 Billion

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…
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Jul
07
2024
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By Abia ThinkTank
I Grow Vegetables; Nigerian Women Should Also Get Involved In Farming – Remi Tinubu

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…
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Jul
07
2024
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By Abia ThinkTank
Blackout As National Grid Collapses, Fourth Time In 2024

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…
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Jul
06
2024
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By Abia ThinkTank
It’s Shameful We’re Still Generating 4.5GW Of Electricity – President Tinubu

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…
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