Tag: President Tinubu
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…
President Tinubu Condemns Attack on Former President Trump
Abuja, Nigeria – President Bola Ahmed Tinubu has issued a press release condemning the recent shooting at a rally for former President Donald Trump in Pennsylvania. The attack, which resulted in injuries and loss of life, has been described by President Tinubu as “distasteful and beyond the pale of democratic norms.” In his statement, President…
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…
President Tinubu Establishes Ministry of Livestock Development
Abuja, Nigeria – President Bola Tinubu has announced the creation of a new Ministry of Livestock Development, earning praise from the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN). In a statement released on Tuesday, MACBAN President Baba Othman-Ngelzarma expressed the association’s gratitude, emphasizing that the new ministry will unlock the potential of Nigeria’s trillion-naira…
The Tinubu government unveils measures to overcome high food prices.
At a press briefing today, the Minister of Agriculture and Food Security, Senator Abubakar Kyari, said the measures will be implemented over the next 180 days: g. fast-tracking ongoing engagements with the Nigerian Military to rapidly cultivate arable landsunder the Defence Farms Scheme, while encouraging other Para-Military establishments to putsecured available arable lands to cultivation….
President Tinubu Unanimously Re-elected as ECOWAS Chairman, Calls for Regional Standby Force
Abuja, Nigeria – President Bola Tinubu has been unanimously re-elected as Chairman of the Economic Community of West African States (ECOWAS) during the 65th Ordinary Session of the Authority of ECOWAS Heads of State and Government, held on Sunday in Abuja. In his address, President Tinubu emphasized the urgent need for establishing and sustaining a…
President Tinubu Calls for Accountability in Public Service, Honors 44 Exemplary Figures
Abuja, Nigeria – President Bola Ahmed Tinubu has urged Nigerian public servants to uphold their roles as public trustees, emphasizing the necessity for accountability and integrity. Speaking at the Nigeria Excellence Awards in Public Service (NEAPS) held at the Banquet Hall of the Presidential Villa, Abuja, President Tinubu, represented by Vice President Kashim Shettima, reinforced…
Minister of Works Announces Commencement of 1000km Sokoto-Badagry Super Highway Project
The Minister of Works, Engineer Nweze David Umahi, has announced that the initial phase of the ambitious 1000km Sokoto-Badagry super highway project will begin in Kebbi State. The project is set to be inaugurated by President Bola Ahmed Tinubu in August. During a stakeholders’ meeting held at the Presidential Lodge in Birnin Kebbi to discuss…
President Bola Tinubu announced on Thursday that his government aims to inject N2 trillion into the economy within the next six months.
President Tinubu made this statement during the inauguration of his Presidential Economic Coordination Council (PECC), consisting of representatives from various sectors of society and the economy. During the inauguration, the President shared the results of his assessment of the fast-tracked stabilization and progress plan. In a session with reporters at the State House following the…