Presidency - Abia ThinkTank News

Feb

2024

Electricity Act Amendment Bill Signed Into Law By President Tinubu

President Tinubu Signs Electricity Act Amendment Bill Into Law The bill, which was passed by the House of Representatives on July 27, 2023, and the Senate on November 14, 2023, was sponsored by Honourable Babajimi Benson, who represents Ikorodu Federal Constituency of Lagos State. According to a statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, the Electricity Act (Amendment) Bill, 2024, “seeks to address the development and environmental concerns of host communities, and sets aside five percent of the actual annual operating expenditures of power generating companies (GENCOs) from the preceding year for the development of…

Feb

2024

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CBN Stops N10 Trillion Devt Finance Funds And Other Advances To FG

CBN/Commercial Banking, Economy, News Flash, Presidency

CBN Stops N10 Trillion Devt Finance Funds, Ways And Means Advances To FG Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso on Friday, February 9, said the apex bank will no longer grant Ways and Means Advances to the federal government unless the outstanding balance is settled. The apex bank also said it has halted “quasi-fiscal measures” of over N10 trillion it pays under the guise of development finance interventions. Cardoso revealed these when he appeared before the joint Senate Committee on Banking, Insurance and Other Financial Institutions, Finance, and National Planning to address critical concerns related to…

Jan

2024

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FG Speaks On Rumoured Plan To Move FCT To Lagos

Gossips, News Flash, Politics, Presidency

FG Speaks On Plan To Move FCT To Lagos Special Adviser to President Bola Tinubu on Information and Strategy, Bayo Onanuga, has debunked a rumour that the president plans to move the Federal Capital Territory to Lagos. This statement came following a rumour that surfaced on social media that the president plans to move the FCT to Lagos State after a department under the Ministry of Aviation, Federal Airports Authority of Nigeria, moved some of its departments to Lagos. Stating this on his official X (formerly Twitter) handle, Onanuga noted that the rumour started during the 2023 general elections campaign…

Jan

2024

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Tinubu Departs To Paris On Private Visit

Abuja, News Flash, Presidency

Tinubu Departs Abuja For Paris On Private Visit President Bola Tinubu, on Wednesday afternoon, departed Abuja for Paris, the capital of France, on a private visit. A statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, said the President will return to Nigeria in the first week of February. “President Bola Tinubu departs Abuja for Paris, France, on Wednesday, January 24, 2024, for a private visit. “He will return to the country in the first week of February, 2024”, the statement said. STATE HOUSE PRESS RELEASE PRESIDENT TINUBU TRAVELS TO FRANCE President Bola Tinubu departs Abuja for…

Jan

2024

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Dont Lose Hope In Tinubu’s Govt – CAN Advises Nigerians

Abuja, News Flash, Presidency, Religion

Don’t Lose Hope In Tinubu’s Govt – CAN Urges Nigerians The Christian Association of Nigeria on Monday urged Nigerians not to despair over the effects of the economic reforms undertaken by President Bola Tinubu’s administration. This was as it urged the President to “continue on the path” he has taken since assuming office nearly eight months ago, pledging its support for the regime. “We see the effort he is making towards securing this nation. So we ask Nigerians… who seem to have lost hope to not lose hope, but to have patience and persevere,” the CAN President, Daniel Okoh, told…

Jan

2024

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Relocation Of FAAN Headquarters: FGN Give 7 Reasons

Business, News Flash, Presidency

7 Real Reasons FAAN Headquarters Was Relocated From Abuja To Lagos The Federal Government on Thursday, January 18, relocated the headquarters of the Federal Airports Authority of Nigeria (FAAN) from Abuja to Lagos. This was disclosed in a circular by the Managing Director and Chief Executive Officer of FAAN, Olubunmi Kuku. According to Kuku, the Minister of Aviation and Aerospace, Festus Keyamo, gave the directive to move the headquarters to Lagos. FAAN was established in 1976 as Airports Authority of Nigeria. However, the Civil Aviation reform of 1995 brought about the realignment of some of the functionalities of NAA as…

Jan

2024

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President Tinubu And Obasanjo Graced Hope Uzodimma 2nd Term Inauguration

News Flash, Politics, Presidency

The inauguration ceremony of Governor Hope Uzodimma of Imo State for his second term in office was graced by prominent figures such as President Bola Tinubu and ex-president Olusegun Obasanjo. According to Channels TV, President Tinubu, who had previously attended a function in Abuja commemorating the 2024 Armed Forces Remembrance Day, arrived at Owerri's Sam Mbakwe Airport around 1 p.m. on Monday. Accompanied by government officials, he received a warm welcome from Governor Uzodimma and other leaders of Imo State. Among the distinguished guests was ex-president Obasanjo, who was seen at the Dan Anyiam Stadium along with other dignitaries. The…

Jan

2024

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President Tinubu Marks Armed Forces Remembrance Day 2024

Abuja, News Flash, Presidency, Security

Armed Forces Remembrance Day 2024. On January 15, 1966, a group of young military officers staged the first coup in Nigeria and the following leaders were killed in that blo+ody coup:Sir Ahmadu Bello, Premier Northern Region.Sir Abubakar Tafawa, Nigerian Prime Minister.Chief Samuel Ladokr Akintola, Premier Western Region.Chief Festus Okotie-Eboh-Itsekiri, Premier Midwest Region. The following military officers also paid the ultimate prize in that coup:Brigadier Samuel AdemulegunBrigadier Zakariya MaimalariColonel Kur MohammedColonel Ralph ShodeindeLt. Colonel Abogo LagermaLt. Colonel James PamLt. Colonel Arthur Unegbe. It was seen as a coup against the North and therefore led to the counter coup of July 29,…

Jan

2024

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2027 Election: Obi, Atiku, Kwankwaso Agree To Form Merger – Utomi

News Flash, Politics, Presidency

2027 Election: Atiku, Obi, Kwankwaso Have Agreed To Form Merger Party – Pat Utomi Political calculations are already ongoing ahead of the 2027 general elections three years away. There are reports that the Peoples Democratic Party (PDP), the Labour Party (LP), the New Nigeria People’s Party (NNPP) are planning to form a formidable party that will sack the ruling All Progressives Congress (APC). In this exclusive interview on Channels Television, a political economist, Professor Pat Utomi, confirms that the parties’ candidates in the 2023 presidential poll have agreed to form a mega party. He also speaks on talks that led…

Jan

2024

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Panel To Review N-Power, School Feeding, Others Set Up By Presidency

Abuja, News Flash, Presidency

Tinubu Sets Up Panel To Review N-Power, School Feeding, Others Following the six-week suspension of the four programmes under the National Social Investment Programmes Agency (NSIPA) by President Bola Tinubu on Friday, he has approved the establishment of a Special Presidential Panel on the programmes, which will be led by the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun. The Special Presidential Panel is tasked immediately to undertake a comprehensive review and audit of existing financial frameworks and policy guidelines of the social investment programmes with a view to implementing a total re-engineering of the financial…