FGN - Abia ThinkTank News

Feb

2024

FG To Pay Unemployed Nigerian Youths, Sets Up Consumer Credit Program

FG To Pay Unemployed Nigerian Youths, Sets Up Consumer Credit Programme The Federal Government on Monday said it would extend its social security payments net to graduates with qualifications from NCE and upwards. Addressing journalists after the Federal Executive Council meeting on Monday, the minister of finance and coordinating minister of the economy, Wale Edun, disclosed that the programme would see unemployed Nigerian youths being paid stipends. “At this period of heightened food prices, Mr. President has committed to doing all that can be done to assist in giving purchasing power to the poorest and in that line. “He has…

Feb

2024

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By Abia ThinkTank

President Tinubu Sets Up Tripartite Economic Advisory Committee

FGN, Economy, News Flash, Presidency

Tinubu Sets Up Tripartite Economic Advisory Committee As part of his efforts at stabilising the economy, President Bola Tinubu on Sunday evening set up a tripartite Economic Advisory Committee. The committee, put together during a meeting he held with critical stakeholders at the State House, comprises representatives from the Federal, States and Organised private sector. Speaking at the meeting, Tinubu said the goal is to provide “additional efforts” in stabilising the economy and ensuring the “best economic future” for Nigerians. Details Shortly…

Feb

2024

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By Abia ThinkTank

President Tinubu Hold Crucial Meeting With Dangote, Elumelu,Others

Business, Economy, FGN, News Flash

President Tinubu Hold Crucial Meeting With Dangote, Elumelu, Others Those in the meeting include Alhaji Aliko Dangote, President, Dangote Groups; Tony Elumelu, Chairman, Heirs Holding and Transcorp Plc; Abdulsamad Rabiu, Chairman, BUA Group; Wale Tinubu, and other members of the private sector. On Sunday, Nigeria's number one man, President Bola Tinubu had a “crucial” meeting with some members of the organised private sector. The meeting is held at the Presidential Villa in Abuja. Those in the meeting include Alhaji Aliko Dangote, President, Dangote Groups; Tony Elumelu, Chairman, Heirs Holding and Transcorp Plc; Abdulsamad Rabiu, Chairman, BUA Group; Wale Tinubu, and…

Feb

2024

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By Abia ThinkTank

President Tinubu Makes Fresh Appointments

FGN, News Flash, Politics, Presidency

President Tinubu Makes Fresh Appointments President Bola Tinubu has approved the appointment of the following qualified Nigerians to serve in agencies under the Federal Ministry of Communications and Digital Economy. This was contained in a statement signed Friday, 23rd of February by Ajuri Ngelale, Special Adviser to the President on Media and Publicity. President approved appointment Nigerian Communication Commission, NCC, Executive Commissioners, among others. The details of the appointments stated below: NIGERIAN COMMUNICATIONS COMMISSION (NCC) (1) Abraham Oshadami — Executive Commissioner, Technical Services (2) Rimini Makama — Executive Commissioner, Stakeholder Management (3) Opeyemi Dele-Ajayi — President/CEO, Digital Bridge Institute NIGERIAN…

Feb

2024

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By Abia ThinkTank

No Going Back On My Reforms, Despite Challenges – President Tinubu

Abuja, Economy, FGN, News Flash

Despite Challenges, No Going Back On My Reforms – Tinubu Says President Bola Tinubu says there is no going back on the reforms introduced by his administration. During his inaugural speech on May 29, 2023, the president announced removal of fuel subsidy and also directed the Central Bank of Nigeria (CBN) to collapse the existing exchange rates. Consequently, the apex bank directed Deposit Money Banks to remove the rate cap on the naira at the Investor’s and Exporters’ Window of the foreign exchange market, resulting in free-floating of the national currency against the dollar and other global currencies. The official…

Feb

2024

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By Abia ThinkTank

FG To Restart Direct Cash Transfers To 12 Million Nigerians

Economy, FGN, News Flash

FG To Restart Direct Cash Transfers To 12 Million Nigerians Recognizing the hardship faced by millions, the federal government led by President Bola Tinubu plans to restart direct cash transfers to the poorest and most vulnerable Nigerians. Presently, approximately 3 million people are recipients of these programmes, but due to the escalating cost of living, the government anticipates that an additional 12 million households could qualify for these direct payments. Minister of Finance and Coordinating Minister for the Economy, Wale Edun, revealed this plan during the Ministry’s retreat held in Uyo, Akwa-Ibom state on Wednesday, February 21. According to the…

Feb

2024

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By Abia ThinkTank

FG Seeks $10Billion To Stabilize Exchange Rate As Naira Continue To Depreciate, Almost N1,900

CBN/Commercial Banking, Economy, FGN

FG Seeks $10 Billion To Stabilise Exchange Rate As Naira Tumbles, Nears N1,900 The Nigerian Federal Government is planning to raise $10bn to improve liquidity in the foreign exchange market. On Tuesday, the naira fell to an all-time low of 1,850 per dollar at the parallel market. President Bola Tinubu, who was represented by Vice President Kashim Shettima, disclosed this at the inaugural Public Wealth Management Conference in Abuja on Tuesday. The Ministry of Finance Incorporated organised the event with the theme “Championing Nigeria’s Economic Prosperity”. In a statement on Tuesday, the Senior Special Assistant to the President on Media…

Feb

2024

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By Abia ThinkTank

Nigeria Customs Unveil Plan To Distribute Seized Food Items Nationwide

FGN, News Flash

Customs Unveils Plan To Distribute Seized Food Items Nationwide The Nigeria Customs Service (NCS) has expressed its readiness to distribute seized food items to Nigerians to help mitigate the current hardship in the land. It said the distribution will be done after all the food items have been certified fit for human consumption. Recall that hundreds of young Nigerians had taken to the streets in some parts of the country to protest the current hardship in the land and the high cost of food items. Responding to the critical challenges of food security and the soaring costs of essential food…

Feb

2024

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By Abia ThinkTank

“Reform May Be Painful, But It Is What Greatness And The Future Require..” – President Tinubu

Economy, FGN, News Flash

“I wish today’s difficulties did not exist. But we must endure if we are to reach the good side of our future.” “I am different. I am not a man to erect our national home on a foundation of mud. To endure, our home must be constructed on safe and pleasant ground.” “Reform may be painful, but it is what greatness and the future require…” — President Tinubu

Feb

2024

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By Abia ThinkTank

FG To Audit N23 Trillion Ways And Means Debt Accumulated By Buhari Government

CBN/Commercial Banking, Economy, FGN, News Flash

FG To Audit N23 Trillion Ways And Means Debt Accumulated Under Buhari’s Govt The Bola Tinubu-led government has announced plans to thoroughly audit the N23 trillion Ways and Means debt accumulated during the previous administration. The Minister of Finance and Coordinating Minister for the Economy, Wale Edun, disclosed the decision during the ongoing Public Wealth Management Conference organized by the Ministry of Finance Incorporated. He said the audit will address and understand the complexities surrounding the substantial debt and pave the way for a more transparent financial system. Edun further revealed that the government would present a bill to the…