Category: Economy
President Tinubu Appoints Abba Abubakar Aliyu as Managing Director of Rural Electrification Agency
President Bola Ahmed Tinubu has appointed Abba Abubakar Aliyu as the substantive Managing Director of the Rural Electrification Agency (REA), effective January 23, 2025. Aliyu has been serving as the acting Managing Director of the REA since March 2024. Prior to this role, he was the Head of the Nigeria Electrification Project (NEP) at the…
EFCC Acknowledges Auction Irregularities, Pledges to Address Complaints
The Economic and Financial Crimes Commission (EFCC) has acknowledged technical issues during its recent online auction of forfeited vehicles and has committed to reviewing public complaints to ensure transparency and fairness in the process. Participants reported several challenges, including difficulties accessing auctioneers’ websites, being locked out after submitting bids, and concerns over unusually high bid…
Labour Union Rejects Telecom Tariff Hike, Plans Nationwide Protest
The Nigeria Labour Congress (NLC) has vehemently opposed the recent approval by the Nigerian Communications Commission (NCC) to increase telecommunications tariffs by 50%, the first such hike in over a decade. The union has branded this move as “insensitive” and “unjustifiable” in light of the ongoing economic difficulties that Nigerians are enduring. In response, the…
NNPC Begins Construction of Five Mini LNG Plants in Ajaokuta, Kogi State
The Nigerian National Petroleum Company Limited (NNPCL) has officially launched the construction of five mini Liquefied Natural Gas (LNG) plants in Ajaokuta, Kogi State, marking a significant milestone in Nigeria’s gas infrastructure development. The groundbreaking ceremony, held on January 30, 2025, signals the government’s commitment to expanding domestic gas utilization and positioning Nigeria as a…
Lagos 2027: League of Concerned Lagosians Endorses Dr. Tunji Alausa for Governorship
A key political advocacy group in Lagos, the League of Concerned Lagosians (LCL), has thrown its weight behind Dr. Tunji Alausa, the current Minister of Education, as its preferred candidate for the 2027 Lagos gubernatorial election under the All Progressives Congress (APC). In a statement titled “Alausa: Save Lagos Now,” the group emphasized Dr. Alausa’s…
Ogun State Government Pledges Support for Fish and Cocoa Farmers
Ijebu-Ife, Ogun State – The Ogun State Government has renewed its commitment to supporting the agricultural sector, following a recent visit by the Commissioner for Agriculture, Hon. Bolu Owootomo, to Mojalake Fish Farm Settlement in Ijebu-Ife. The visit, facilitated by Hon. Waliu Owode, the House of Assembly member representing Ijebu East and Chairman of the…
President Tinubu Welcomes NEC’s Recommendation for Further Consultation on Tax Reform Bills
In a recent development, President Bola Tinubu has responded positively to the recommendation by the National Economic Council (NEC) to reconsider certain tax reform bills currently under review by the National Assembly. The NEC, chaired by Vice President Kashim Shettima and consisting of Nigeria’s 36 state governors, advised that these bills be temporarily withdrawn to…
SGF Highlights President Tinubu’s Accomplishments Ahead of Independence Day Celebration
As Nigeria prepares for its upcoming independence celebration, the Secretary to the Government of the Federation (SGF), George Akume, highlighted significant milestones achieved by President Bola Tinubu’s administration. During a briefing on Thursday, Akume emphasized that the government’s initiatives have already begun to positively impact the daily lives of Nigerians. In his remarks, Akume referenced…
FG Proposes NIMASA, NPA to Collect Fees in Naira Instead of Dollars
The Federal Government has proposed a shift in the collection of charges by two key maritime agencies, the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Port Authority (NPA), from foreign currencies to Naira. This suggestion was made as part of a broader economic stabilization effort under a bill expected to be presented…
Nigeria Signs Agreement with Russian Consortium to Revive Ajaokuta Steel and National Iron Ore Mining Company
The Federal Government of Nigeria has entered into a significant agreement with a Russian consortium for the rehabilitation, completion, and operation of both the Ajaokuta Steel Company Limited (ASP) and the National Iron Ore Mining Company Limited (NIOMCO). This development comes after years of efforts to revitalize Nigeria’s steel industry, which has been dormant for…