President Bola Ahmed Tinubu has directed the Minister of Finance and Co-ordinating Minister of the Economy, Mr Taiwo Oyedele, to oversee and coordinate a comprehensive forensic audit of Federal Government systems. The audit will include a review of the Integrated Personnel and Payroll Information System (IPPIS), Federal Government agencies, and...
Nigeria
Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), Dr. Mohammed Bello Shehu, OFR, has underscored the significance of greater collaboration between RMAFC and the Nigeria Extractive Industries Transparency Initiative (NEITI), to promote transparency, accountability and improved revenue mobilisation and generation in Nigeria’s extractive industries. Dr. Shehu stated...
Minister of Education, Dr Maruf Alausa, has said the establishment of the Kaduna State Institute of Vocational Training and Skills Development will help end Nigeria’s dependence on skilled workers imported from West African and Asian countries. Alausa stated this on Thursday at the maiden graduation ceremony of 4,050 trainees...
The introduction of digital currency in Nigeria has occurred amid unique economic challenges. In recent times, individuals and companies have had to cope with inflationary pressures, lack of foreign currency and volatility in the naira exchange rate. These factors have altered the way that many Nigerians save their money,...
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, declared that Nigeria’s economy has stabilised following the implementation of major reforms by the Federal Government. Oyedele stated this on Thursday August 27 while briefing journalists after the 160th meeting of the National Economic Council (NEC), saying the...
Abia State Governor, Dr. Alex Otti, has described the 35th anniversary of the state’s creation as the beginning of a new chapter, urging residents to remain optimistic and committed to building a stronger and more prosperous Abia. In a statewide broadcast on Thursday to commemorate the anniversary, the governor...
Transmission Company of Nigeria (TCN) has dismissed claims by the Eko Electricity Distribution Company (EKEDP) over the recent power outage affecting parts of Lekki, insisting that the information released by the distribution company did not accurately reflect what transpired at the Lekki Transmission Substation. In a statement issued by...
Renewed Hope Initiative (RHI), the social intervention programme of First Lady of Nigeria Senator Oluremi Tinubu has disbursed N819 million to 1,638 widows of fallen personnel of the Armed Forces of Nigeria and the Nigeria Police Force. This second edition of the empowerment which is under RHI Social Investment...
Reforms, especially stringent ones are initiated and implemented by sovereign states around the world, to address systemic, structural issues that might have blocked their development. However, decisive and fearless leadership is needed for reforms to be undertaken successfully, as some reforms may come with pain, as they upset the...
Independent Corrupt Practices and Other Related Offences Commission (ICPC) has faulted the Budget Office of the Federation (BOF) for lapses that led to the inclusion of the purported Presidential Foreign Intervention Promotion Council (PFIPC) in the 2026 federal budget. The commission said its investigation found that the Budget Office...
Federal Government has spent N600 billion on cash transfers to vulnerable Nigerians and reached about 10 million households under President Bola Tinubu’s administration, the Minister of Humanitarian Affairs and Poverty Reduction, Bernard Doro, has said. Doro disclosed this during an interview with Channels Television on Thursday August 27 while...
Federal Government has launched the Renewable Asset Management Company (RAMCO), a new initiative designed to improve the management and sustainability of publicly financed renewable energy assets and mobilise about N3 trillion in fresh investment into the sector. Minister of Power, Joseph Tegbe, unveiled RAMCO at a stakeholders’ event in...
President Bola Ahmed Tinubu has urged the management of Nigeria Liquefied Natural Gas (NLNG) to do all within its powers to ensure Nigeria derives maximum benefits from its gas reserves rather than allowing them to be flared. The President said this Wednesday at the State House, where he received...
Nigeria Democratic Congress (NDC) presidential candidate, Peter Obi, has congratulated the Hausa community across Nigeria on the occasion of International Hausa Day, commending the ethnic group for its enduring contributions to the country’s unity, economic growth and cultural heritage. In a goodwill message released on Thursday as the Hausa...
Defence Headquarters (DHQ) has received the Ambassador of the Kingdom of Saudi Arabia to Nigeria His Excellency Yousef bin Mohammed Al-Balawi on a courtesy visit aimed at further strengthening the longstanding bilateral relationship and defence cooperation between Nigeria and the Kingdom of Saudi Arabia. The visit provided an opportunity...
Nigeria Social Insurance Trust Fund (NSITF) has challenged the Nigerian Bar Association (NBA) to lead a legal overhaul that will extend workplace protection and social security to Nigeria’s growing population of informal, gig and platform workers. The Managing Director and Chief Executive of NSITF, Mr Oluwaseun Faleye, made the...
Presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has reaffirmed his pledge to restore fuel subsidy if elected president in the 2027 general election, insisting that his position has not changed despite recent comments attributed to one of his media aides. Speaking during an interview on Channels...
Nigeria and Thailand have committed to deepen relations between both countries across technology, agriculture, commerce, and renewable energy, among other areas of strategic interest. To this effect, Nigeria is pushing for a review of existing partnerships between both countries, leveraging Thailand’s comparative advantage in deploying intermediate technology in agriculture...
The Presidency has criticised former Vice President Atiku Abubakar over what it described as conflicting positions on petrol subsidy, accusing the 2023 presidential candidate of sending mixed signals on a key economic policy. In a statement issued on Wednesday, Special Adviser to the President on Information and Strategy, Bayo...