FGN

May
05
2024
0 Comments
By Abia ThinkTank
SERAP Sues Wike, 36 Governors Over Failure To Account For N5.9trn, $4.6bn Loans, Publish Agreements

SERAP Sues Wike, 36 Governors Over Failure To Account For N5.9trn, $4.6bn Loans, Publish Agreements

Judiciary, FGN, News Flash
SERAP Sues Wike, 36 Governors Over Failure To Account For N5.9trn, $4.6bn Loans, Publish Agreements Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Nigeria’s governors and the Minister of the Federal Capital Territory, Abuja, Mr Nyesom Wike “over their failure to account for N5.9 trillion and $4.6 billion loans obtained by their states and the FCT, and to publish copies of the loan agreements, including details and locations of projects executed with the loans.” The suit followed the disclosure last month by Governor Uba Sani of Kaduna State that the immediate past administration of Nasir El-Rufai left…
Read More
May
04
2024
0 Comments
By Abia ThinkTank
President Tinubu Makes Another Fresh Appointment

President Tinubu Makes Another Fresh Appointment

FGN, News Flash, Politics, Presidency
President Tinubu Makes Fresh Appointment President Bola Ahmed Tinubu has approved the appointment of Dr Philip Ugbodaga, as the substantive Medical Director the newly established National Orthopaedic Hospital in Benin City (NOHB), the Edo State. Consequently, the Minister of State for Health and Social Welfare, Dr Tunji Alausa, has presented a letter of appointment to Ugbodaga at the headquarters of the Federal Ministry of Health in Abuja. It would be recalled that the Maxillofacial Surgeon was last year appointed as the Acting Medical Director of the Hospital by the immediate past Minister of State for Health, Hon Joseph Ekumankama, and…
Read More
May
04
2024
0 Comments
By Abia ThinkTank
Nigerians Hoarding 94% Cash – CBN

Nigerians Hoarding 94% Cash – CBN

CBN/Commercial Banking, Economy, FGN, News Flash
Nigerians Hoarding 94% Cash – CBN Nigerians are holding onto cash at an unprecedented rate, with a staggering 94 percent of the country’s currency outside the banking system. This trend was revealed by the Central Bank of Nigeria’s (CBN) in its latest March, 2024 Money and Statistics data. The figures paints a concerning picture of declining trust in the banking system and potential risks to the nation’s economic growth. According to the data on the CBN website, the amount of physical money M1 in circulation has skyrocketed compared to the previous year. In January 2024, it stood at N3.65 trillion,…
Read More
May
03
2024
0 Comments
By Abia ThinkTank
ASUU Begins Indefinite Strike

ASUU Begins Indefinite Strike

Abuja, Education, FGN, News Flash
The University of Abuja branch of the Academic Staff Union of Universities has begun an indefinite strike to draw attention to developments bordering the union. The union announced its decision to embark on the strike on Thursday at the end of its congress, held at the Permanent Site of the institution. Members of the UniAbuja ASUU have been at loggerheads with the outgoing Vice-Chancellor, Prof. Abdulrasheed Na’allah and the Minister of Education, Prof. Tahir Mamman over the processes for the appointment of a new VC. An advertorial that surfaced in a national daily on March 15, 2024, sought a replacement…
Read More
May
03
2024
0 Comments
By Abia ThinkTank
Tinubu Created A Mess In 2023, 97% Of Companies Can’t Pay Dividends – Dangote

Tinubu Created A Mess In 2023, 97% Of Companies Can’t Pay Dividends – Dangote

Business, Economy, FGN, News Flash
Tinubu Created A Mess In 2023, 97 Per Cent Of Companies Can’t Pay Dividends – Dangote The floating of the naira by President Bola Tinubu’s administration has been described by the Chairman of Dangote Industries Limited, Aliko Dangote as the biggest mess that affected his company and other business owners in 2023. According to Sahara Reporters, the remark was made by Dangote on Tuesday at the Annual General Meeting of Dangote Sugar Refinery Plc. According to Dangote, many businesses were affected by the policy adding that several manufacturing enterprises were impacted and suffered operational losses due to variations in the…
Read More
May
02
2024
0 Comments
By Abia ThinkTank
FG Begins Payment Of N2.75bn Compensation On Lagos-Calabar Coastal Highway -Umahi

FG Begins Payment Of N2.75bn Compensation On Lagos-Calabar Coastal Highway -Umahi

FGN, News Flash, Works
FG Begins Payment Of N2.75bn Compensation On Lagos-Calabar Coastal Highway — Umahi Minister of Works, Dave Umahi, presenting cheques to some property owners along the Lagos-Calabar coastal highway in Lagos on Wednesday, May 1, 2024. The Federal Government on Wednesday commenced compensation of people who own buildings and structures affected by the construction of the 700-km Lagos-Calabar Coastal Highway. The Minister of Works, Dave Umahi, who disclosed this at a stakeholders’ meeting in Lagos, said the government is commencing the payment worth N2.75 billion spanning channel 0 to 3 today. “I wish to flag off the compensation from channel 0…
Read More
May
01
2024
0 Comments
By Abia ThinkTank
Nigeria Will Be In Darkness If FG Doesn’t Hike Electricity Tariff – Adelabu

Nigeria Will Be In Darkness If FG Doesn’t Hike Electricity Tariff – Adelabu

Abuja, FGN, News Flash, Power & Energy
Nigeria Will Be In Darkness If FG Doesn’t Hike Electricity Tariff - Adelabu Adebayo Adelabu, minister of power, says the country will be thrown into darkness if the federal government does not hike electricity tariff. On April 3, the Nigeria Electricity Regulatory Commission (NERC) approved an increase in electricity tariff for customers under the Band A classification. The commission said customers under the classification, who receive 20 hours of electricity supply daily, will now pay N225 per kilowatt (kW), starting from April 3 — up from N66. Appearing before the senate committee on power on Monday, Adelabu said although citizens…
Read More
May
01
2024
0 Comments
By Abia ThinkTank
President Tinubu Has Directed Prompt Design Of The Sokoto-Badagry Coastal Highway – Sen. Dave Umahi

President Tinubu Has Directed Prompt Design Of The Sokoto-Badagry Coastal Highway – Sen. Dave Umahi

Abuja, FGN, News Flash, Presidency
The Minister of Works, Sen. Dave Umahi, disclosed on Sunday that he had received a directive from the President for the prompt design of the Sokoto-Badagry Coastal Highway. Mr. Umahi spoke following his examination of the Section one, phase one, of the Lagos-Calabar Coastal Highway and its realignment in Lagos. He said, “I’m happy that Mr President has also directed me to start the immediate design of the Sokoto-Badagry Coastal Highway. “This one is a spur of the Coastal highway, and that one is 1000 kilometres. “We’ve started the design and I’m very sure that as soon as Federal Executive…
Read More
May
01
2024
0 Comments
By Abia ThinkTank
Jubilation As FG Approves Salary Increase For Civil Servants

Jubilation As FG Approves Salary Increase For Civil Servants

Economy, FGN, Labour, News Flash
Jubilation As FG Approves Salary Increase For Civil Servants The Federal Government has approved an increase of between 25% and 35% in salary Increase for Civil Servants on the remaining six Consolidated Salary Structures The Salary Structure is the Consolidated Public Service Salary Structure (CONPSS), Consolidated Research and Allied Institutions Salary Structure (CONRAISS), Consolidated Police Salary Structure (CONPOSS), Consolidated Para-military Salary Structure (CONPASS), Consolidated Intelligence Community Salary Structure (CONICCS) and Consolidated Armed Forces Salary Structure (CONAFSS). It will be recalled that those in the Tertiary Education and Health Sectors had already received their increases which involved Consolidated University Academic Salary…
Read More