FGN - Abia ThinkTank News

Mar

2024

We Have Secured $30 Billion In Foreign Direct Investment – President Tinubu

We have secured $30 billion in Foreign Direct Investment - President Tinubu. President Bola Tinubu has mentioned that within the first nine months of his administration, Nigeria has secured $30 billion worth of Foreign Direct Investments to support the country's economy. Tinubu made this statement during the 2023 Leadership Annual Conference and Award held on Tuesday in Abuja. The event, focusing on "An Economy in Distress: The Way Forward", was hosted by the Leadership Group. In a statement delivered by Minister of Information and National Orientation, Alhaji Mohammed Idris on behalf of Tinubu, it was emphasized that the Nigerian economy…

Mar

2024

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By Abia ThinkTank

5 Biggest Problems Tinubu-Led Government Urgently Needs To Fix

Abuja, FGN, News Flash, Presidency

5 Biggest Problems Tinubu-led Government Urgently Needs To Fix As Nigeria navigates through complex socio-economic and political challenges, President Bola Tinubu’s administration is faced with a myriad of issues that demand immediate attention and decisive action. From power shortages to insecurity and economic instability, here are the five most pressing problems that require urgent solutions by President Tinubu: Power Nigeria’s persistent power crisis remains a significant impediment to economic growth and development. Despite efforts to improve the power sector, inadequate generation, transmission, and distribution infrastructure continue to hinder productivity and investment. The Tinubu-led government must prioritize the revitalization of the…

Mar

2024

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By Abia ThinkTank

AGF Asks Labour Ministry To Refund N3.10bn Misappropriated Fund

Economy, FGN, Labour, News Flash

AGF asks Ministry of Labour to refund N3.10bn misappropriated fund The office of the Auditor-General of the Federation (oAuGF), has queried the Federal Ministry of Labour and Employment over N3.106 billion allegedly spent without due process and necessary approval. The query was contained in the non-compliance with extant government regulations in government expenses for the 2020 Audit report submitted to the House of Representatives Committee on Public Accounts chaired by Hon. Bamidele Salam. In its recommendation, the oAuGF who accused the Federal Ministry of Labour of various infractions and failure to show evidence of expenses carried out within the period…

Mar

2024

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By Abia ThinkTank

No Room For Redeployment – NYSC DG Tells Corp Members

FGN, News Flash, People Reorientation

No Room For Redeployment – NYSC DG Tells Corp Members The Director General of National Youth Service Corps (NYSC), Brigadier-General Yusha’u Ahmed has urged corps members to be prepared to serve in any part of the country they were deployed for their one year mandatory service. He cautioned them against seeking for redeployment but to rather settle down and contribute their quota to the growth and development of their state of deployment. Addressing Batch A Stream 1 corps members during their cultural carnival in Anambra State orientation camp, the DG who was in the camp on the spot assessment visit,…

Mar

2024

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By Abia ThinkTank

FG To Support Local Manufacturers With N75 Billion

CBN/Commercial Banking, FGN, Manufacturing

FG To Support Local Manufacturers With N75 Billion As part of efforts to tackle the present economic hardship being experienced by Nigerians, the federal government has set aside N75bn to support the manufacturing enterprises. This was disclosed by the Minister of Labour and Employment, Barrister Nkeiruka Chidubem Onyejeocha on the occasion of NDE special day at the ongoing 45th Kaduna International Trade Fair on Saturday. The minister represented by her Special Assistant, Administration, Barrister, Paul Abuluba affirmed that the administration of President Bola Ahmed Tinubu has embarked on urgent actions to reverse the poor trend of the economy. “President is…

Mar

2024

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By Abia ThinkTank

President Tinubu Directs Dangote, BUA, Others To Sell Cement At Old Price

Economy, Business, FGN, News Flash

President Tinubu Directs Dangote, BUA, Others To Sell Cement At Old Price President Bola Ahmed Tinubu has directed cement companies to go back to the status quo as regards to the price of the commodity. Minister of Works, Senator David Umahi, revealed this to newsmen shortly after inspecting BUA cement factory in Sokoto on Thursday. The Minister was responding to the Executive Director of BUA group, Alhaji Kabiru, who said they were selling bag of cement at the rate of N6000 as part of their commitment to Mr. President that a bag of cement should not be sold more than…

Mar

2024

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By Abia ThinkTank

New Management Team Of FGN Power Company Appointed By Tinubu

FGN, News Flash

Tinubu Appoints New Management Team For FGN Power Company President Bola Tinubu has approved appointment of new management team for FGN Power Company, GISTSMATE MEDIA reports. The development was disclosed in the press release by president’s media aide, Ajuri Ngalale. Ngalale disclosed that Mr President anticipates that the team will work assiduously to realize the core objectives of the Presidential Power Initiative (PPI). See the press release below: In recognition of the critical role of power supply in driving enterprise and industrial development, and as a part of comprehensive efforts to reform the power sector and ensure energy security for…

Mar

2024

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By Abia ThinkTank

NLC Insists On N1 Million Minimum Wage

FGN, Labour, News Flash

NLC Insists On N1 Million Minimum Wage The Ogun State chapter of the Nigeria Labour Congress (NLC) asserted on Wednesday that there is no retracting from the proposed N1 million minimum wage for workers in the country. Comrade Hammed Ademola-Benco, State Chairman of NLC reiterated this stance while speaking to newsmen in Abeokuta, the state capital. He emphasized that the national leadership of the union remains steadfast in its demands, especially regarding the N1 million minimum wage. The Global News had reported that National President of NLC, Joe Ajaero who led the negotiation with the federal government had, among others…

Mar

2024

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By Abia ThinkTank

You Can’t Fight Me, President Tinubu Dares NLC

FGN, Labour, News Flash, Presidency

You Can’t Fight Me, Tinubu Dares NLC President Bola Ahmed Tinubu on Thursday condemned the recent protest by the Nigeria Labour Congress (NLC), warning the Labour movement to know that it is not the only voice of the people. He spoke at the commissioning of the Lagos Red Line Train connecting from Agbado to Oyingbo. The Labour Union had on Tuesday staged a protest over hardship in the land as well as the refusal of the federal government to implement agreement reached with the unions. But Tinubu came hard on the Labour in the course of his remark, saying Labour…

Feb

2024

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By Abia ThinkTank

NLC Suspends Nationwide Protest, Fresh 2 Weeks Ultimatum Given To FG

FGN, Labour, News Flash

NLC Suspends Nationwide Protest, Gives FG Fresh Two-week Ultimatum The Nigeria Labour Congress has suspended the nationwide planned protest slated for Wednesday. The NLC and other related unions commenced national planned protests on Tuesday over the high cost of living, inflation, insecurity, and hardship in the country. The protesters carried placards such as #End Poverty and Hunger. Support Local Industries#; Fix Local Refineries End Subsidy#; #End Naira Devaluation; Tax the Rich Subsidise the poor# to make their grievances known on the current economic hardship across the country. The protesters headed to the National Assembly where the NLC President Joe Ajaero,…