FGN - Abia ThinkTank News

Jun

14

2024

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By Abia ThinkTank

World Bank Approves $2.25bn Loan For Nigeria

CBN/Commercial Banking, Economy, FGN, News Flash

World Bank Approves $2.25bn Loan For Nigeria Wale Edun, Nigeria’s minister of finance and coordinating minister of the economy announced Thursday night the approval of two major financial support packages by the World Bank. The loans are part of President Tinubu’s ongoing efforts to stabilise the economy, reposition it for sustained and inclusive growth, and provide urgent support to the poor and vulnerable, the minister said. “We have undertaken bold and necessary reforms to restore macroeconomic stability and put Nigeria on a path to sustainable and inclusive economic growth. We welcome the support of the RESET and ARMOR programs as…

Jun

14

2024

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By Abia ThinkTank

National Assembly Moves To Buy New Presidential Aircraft For Tinubu, Shettima

FGN, National Assembly, News Flash, Politics

National Assembly Moves To Buy New Presidential Aircrafts For Tinubu, Shettima The National Assembly has recommended the purchase of two new presidential aircrafts for the use of President Bola Tinubu and Vice President Kashim Shettima. The recommendation was put forward by the House of Representatives Committee on National Security and Intelligence. According to the lawmakers, there is a need to acquire the new presidential aircrafts for security reasons and the cost of maintenance associated with the current Presidential Air Fleet (PAF). The Committee issued the recommendation based on the report presented by its members after a hearing conducted by its…

Jun

13

2024

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By Abia ThinkTank

Protesters Defy Tight Security, Storm Streets Over Hardship Under Current Tinubu Government

Economy, Environment, FGN, News Flash, Politics

Protesters Defy Tight Security, Storm Streets Over Hardship Under Current Govt A large group of protesters have converged on the Ikeja Underbridge in Lagos, in protest of the present living conditions in the country. The protesters, comprising various civil society groups, were met with a heavy security presence, as policemen and officials of the Lagos Neighbourhood Safety Corps were deployed to maintain order. The protesters chanted solidarity songs and wielded placards and banners with inscriptions such as: “President Tinubu, let the poor breathe”, “For another general strike with mass protest now”, and “Payment of living wage to all Nigerian workers…

Jun

13

2024

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By Abia ThinkTank

10 Takeaways From Tinubu’s Democracy Day Speech

FGN, News Flash, Politics, Presidency

10 Takeaways From Tinubu’s Democracy Day Speech President Bola Tinubu marked the 25th Anniversary of Unbroken Democracy in Nigeria with a compelling address on Democracy Day, June 12, 2024. In his speech, he reflected on the nation’s journey from the struggles of military rule to becoming Africa’s most populous democracy. Paying tribute to the heroes of the democratic movement and emphasizing the importance of sustaining democratic values, Tinubu outlined his commitment to protecting citizens’ rights and pushing forward with vital economic reforms. His call for unity and perseverance underscores the ongoing efforts to secure a brighter, more democratic future for…

Jun

13

2024

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By Abia ThinkTank

New National Minimum Wage Ready, Awaiting Legislative Action – President Tinubu

FGN, Economy, National Assembly, News Flash

New National Minimum Wage Ready, Awaiting Legislative Action – Tinubu President Bola Tinubu has revealed that a consensus has been reached on the long-debated new minimum wage between the Federal Government and organised labour. In his national broadcast to mark the 2024 Democracy Day in Abuja on Wednesday, Tinubu revealed that an executive bill will soon be sent to the National Assembly to formalise the new minimum wage Agreement He stated, “In this spirit, we have negotiated in good faith and with open arms with organised labour on a new national minimum wage. “We shall soon send an executive bill…

Jun

13

2024

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By Abia ThinkTank

I Did My ‘Idobale’ For Democracy – President Tinubu Shrugs Off Slip

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

I Did My ‘Idobale’ For Democracy – President Tinubu Shrugs Off Slip President Bola Tinubu has responded to the viral video of him slipping while boarding the presidential vehicle at Eagles Square in Abuja. Tinubu jokingly referred to the fall as a “swagger” and explained that as a traditional Yoruba boy, he was performing a customary greeting called “dobale” to mark Democracy Day Tinubu made this known during the state Banquet Dinner at the Presidential Villa, Abuja, to mark this year’s Democracy Day. With a dash of humour, Tinubu said, “Early this morning, I had a swagger and it’s on…

Jun

13

2024

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By Abia ThinkTank

Benefits Of Tinubu’s Economic Reforms Will Be Felt Soon; Food Distribution Underway- Wale Edun

FGN, Economy, News Flash, Presidency

Benefits Of Tinubu’s Economic Reforms Will Be Felt Soon; Food distribution Underway – Wale Edun Wale Edun, minister of finance and coordinating minister of the economy, says the country’s economy has been revamped and Nigerians will soon feel the benefits. Edun spoke in an interview with Arise on Wednesday during the celebration of Nigeria’s Democracy Day at the Eagle’s Square, Abuja. He said better days are ahead under President Bola Tinubu’s leadership as the country is set to witness substantial economic progress. “There is hope for better days to come. We are on the right track. We have turned the…

Jun

12

2024

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By Abia ThinkTank

Why We Shut Down Batch B Registration Portal – NYSC

Education, FGN, News Flash

Why We Shut Down Batch B Registration Portal – NYSC The National Youth Service Corps (NYSC) has shut down the registration portal for Batch B prospective corps members, citing a glitch that occurred on Saturday, June 8. According to a statement issued on Tuesday by the NYSC Director of Information and Public Relations, Eddy Megwa, the portal was closed after reaching the maximum number of registrations required for the incoming batch. Megwa apologized to prospective corps members who could not register before the portal was shut down, assuring them that the portal will reopen for Batch B Stream II on…

Jun

11

2024

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By Abia ThinkTank

FG Declares June 12 Public Holiday

FGN, News Flash, Politics

FG Declares June 12 Public Holiday The Federal Government has declared Wednesday, June 12 as a Public Holiday to commemorate this year’s Democracy Day celebration. Minister of Interior, Dr Olubunmi Tunji-Ojo who made the declaration on behalf of the Federal Government, congratulated Nigerians on the occasion. The minister in a statement signed by the Permanent Secretary in the ministry and released on Tuesday, Dr Aishetu Gogo Ndayako said; “As we mark another Democracy day in the history of our dear country, let us all reflect on the efforts of our founding fathers and ensure that Nigeria remains a united, secured,…

Jun

11

2024

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By Abia ThinkTank

President Tinubu Removes Solomon Arase As Police Service Commission Chairman, Appoints Replacement

Crime, FGN, News Flash, Security

Tinubu Removes Solomon Arase As Police Service Commission Chairman; Appoints Replacement President Bola Tinubu has appointed Hashimu Argungu, a retired police officer, as the chairman of the Police Service Commission (PSC). He will be replacing Solomon Arase who has just been removed from the position. Ajuri Ngelale, presidential spokesperson, announced the appointment in a statement released on Monday. See the press release below: PRESIDENT TINUBU APPOINTS NEW LEADERSHIP FOR POLICE SERVICE COMMISSION AND NIGERIA POLICE TRUST FUND President Bola Tinubu has approved the appointment of DIG Hashimu Argungu (Rtd) as the Chairman of the Police Service Commission (PSC). The President…