Category: Governance
National Assembly Approves Amendment to Finance Act, Introducing 70% Tax on Banks’ FX Profits
Abuja, Nigeria – In a significant legislative move, the National Assembly has approved an amendment to the Finance Act that imposes a 70% tax on substantial foreign exchange (FX) profits earned by banks in 2023. The decision was finalized on Tuesday during the plenary sessions of both chambers, following the review of the Joint National…
President Tinubu Signs North West Development Commission Bill into Law
Abuja, Nigeria – President Bola Ahmed Tinubu has officially approved and enacted the North West Development Commission Bill, creating a new body aimed at addressing the development needs of the North West zone. The announcement was made by Barau Jibrin, the Deputy President of the Senate, during an evening meeting at his office within the…
FG Allocates N438 Billion to States and FCT for NG-Cares Program
Abuja, Nigeria – In a major move to bolster economic resilience and support vulnerable communities, the Federal Government has allocated N438 billion to the 36 states and the Federal Capital Territory (FCT) under the Nigeria Community Action for Resilience and Economic Stimulus (NG-Cares) Program. The NG-Cares Program, formerly known as the Nigeria COVID-19 Action Recovery…
Ogun State Approves Construction of Additional Roads in Ifo LGA
Abeokuta, Nigeria – The Ogun State Executive Council has given the green light for the construction of additional roads in Ifo Local Government Area, as part of ongoing infrastructure development efforts. Engr. Ade Akinsanya, the Commissioner for Works and Infrastructure, announced the approval during a press conference on Thursday, providing updates on various road projects…
Federal Government Donates 20 Trucks of Rice for Nationwide Distribution
Abuja, Nigeria – The Federal Government has announced the donation of 20 trucks of rice to be distributed to the 36 state governors and the Federal Capital Territory, aimed at supporting the most vulnerable individuals across Nigeria. Speaking to State House reporters following the Federal Executive Council meeting on Monday, Minister of Information and National…
Court Rules Against Bayero and Four Others, Upholds Emir Sanusi’s Position
Kano, Nigeria – The High Court in Kano State has issued a decisive ruling prohibiting the deposed Emir of Kano, Aminu Ado Bayero, and four other former Emirs from laying claim to their titles. This injunction also prevents the former Emirs of Bichi, Rano, Gaya, and Karaye from presenting themselves as Emirs. The ruling was…
Governors Express Relief Over Supreme Court Ruling on Local Government Autonomy
Abuja, Nigeria – The Chairman of the Nigeria Governors’ Forum, Governor Abdulrahman AbdulRazaq of Kwara State, has expressed relief following the Supreme Court’s ruling on local government financial autonomy, stating that the decision eases the pressure on governors. Speaking at the State House in Abuja on Friday, Governor AbdulRazaq, accompanied by Governors Bala Mohammed of…
Delta State Police Command Imposes Movement Restriction for LGA Elections
Asaba, Delta State – The Delta State Police Command has announced a movement restriction on Saturday, July 13, 2024, during the Local Government Area (LGA) elections. The restriction is part of measures to ensure a peaceful and orderly voting process. Residents are advised that while they can go out to vote, they must carry their…
President Tinubu Commends Supreme Court’s Decision on Local Government Autonomy
Abuja, Nigeria – President Bola Tinubu has commended the Supreme Court’s recent ruling affirming the financial autonomy of local governments, a decision that upholds the Constitution of the Federal Republic of Nigeria regarding the legal rights of local councils. President Tinubu expressed his appreciation for the court’s decision, highlighting that ineffective local government administration has…
Supreme Court to Announce Verdict on Local Government Autonomy Case
Abuja, Nigeria – The Supreme Court is set to announce its decision on a significant lawsuit seeking full autonomy for the country’s 774 local governments on Thursday, July 11. The case, labeled SC/CV/343/2024, was initiated by the federal government against all 36 states of the federation. The lawsuit aims to secure complete independence for local…