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The Federal Capital Territory Administration (FCTA) is currently facing a severe financial crisis due to a garnishee order of $800 million. This staggering amount, which could fund the FCTA's budget for over 10 years, has placed an enormous burden on the already struggling economy. Minister Nyesom Wike expressed his frustration and vowed to take action against those responsible for this negative impact. The situation highlights the alarming level of corruption and mismanagement within the FCTA. It brings to light the urgent need for transparency, accountability, and financial reforms to revive the economy.
The All Farmers Association of Nigeria (AFAN) has announced its decision to boycott a reality TV show sponsored by Agrivest in Abuja. The group has clarified that serious farmers in Nigeria do not have time for such events due to the country's current food inflation crisis. AFAN believes that the show's launch is self-serving and fraudulent, while the organizer, Faruk Mudi, lacks the authority to represent the association. This move by AFAN shows their focus on addressing the pressing issues in Nigeria's agriculture sector.
Edo State Governor, Mr. Godwin Obaseki, has assigned portfolios to the newly inaugurated Commissioners and permanent secretaries. This move aims to strengthen the state's Executive Council (EXCO) and improve governance across various ministries and departments. The assigned portfolios range from finance and economic planning to youths and humanitarian affairs, showcasing the government's commitment to addressing key areas of development. The appointment of permanent secretaries also ensures smoother operations within the state's administrative machinery.
The Pan Yoruba socio-political organisation, Afenifere, has appealed to the Federal Government to adopt biometric methods in the forthcoming national census. This move aims to ensure accuracy and eliminate the vulnerabilities associated with manual data collection. With the success of biometric technology in the Voters' Card registration process, the group believes that this approach will enhance the credibility and reliability of population data.
The Osun Civil Societies Coalition (OCSC) has called on Governor Ademola Adeleke to make the distribution committee for palliative measures public, expressing concerns about the lack of responsive governance and organization in addressing the welfare of the people. The group also demands transparency on the distribution process at the local government level, raising doubts about the possibility of politicians benefiting at the expense of those in need.
The Delta State Executive Council has approved N10 billion for social investment programs and the establishment of a Flood Disaster Management Committee. The funds will be used to provide palliatives for the less privileged and to tackle the effects of floods in the state. Additionally, the council also approved the construction of new roads, payment of counterpart funds, and credit facility offers to local government councils. This article explores the significance of these decisions and their potential impact on the people of Delta State.
The Nigeria Customs Service has announced the implementation of value-added tax (VAT) on imported automobile gas oil (AGO), commonly known as diesel. This development is in line with the Finance Act, which mandates a 7.5 percent VAT on diesel costs. The price of diesel has been rising steadily, and this move is likely to further burden Nigerians and manufacturers.
Chairman of the Independent Corrupt Practices and other related Offences Commission (ICPC), Prof. Bolaji Owasanoye, has called on legal practitioners and members of the Nigerian Bar Association (NBA) to work together in curbing money laundering and terrorism financing. He emphasized the need for lawyers to report suspicious activities and not turn a blind eye to the source of their client's wealth. This article explores the ICPC's call for collaboration and highlights the role of legal professionals in fighting these vices.
Nigeria has been identified as the highest soft drink consuming country in the world, with an estimated 38.6 million soft drinks being sold daily. This alarming statistic raises concerns about the health risks associated with the consumption of sugar-sweetened beverages (SSBs). Dr. Amadi Dorothy, Deputy Director of the Non-Communicable Diseases division at the Federal Ministry of Health, emphasized the need for interventions such as the SSB tax to address the rising non-communicable diseases burden in Nigeria.
The Oyo State Government has announced plans to distribute N8.63 billion worth of palliatives to 200,000 vulnerable households in Oyo town. The relief packages, consisting of 10kg bags of rice and 5kg bags of beans, aim to assist the "poorest of the poor" during the challenging times caused by the COVID-19 pandemic. The distribution is part of the government's efforts to address food security, alleviate poverty, and provide much-needed support to those most affected by the crisis.
The Nigeria Hydrological Services Agency (NIHSA) has issued a serious warning about the likelihood of more flooding across the country in 2023. The agency's prediction indicates that 178 Local Government Areas (LGAs) in 32 states and the Federal Capital Territory (FCT) are at high risk of severe flooding. The report highlights the vulnerable regions and emphasizes the importance of early action and preparedness measures to mitigate the impacts of the anticipated flooding. Read on to learn more about the potential risks and the call for immediate action from the authorities.
Minister Nyesom Wike has resolved the dispute surrounding the establishment of a second runway at Nnamdi Azikiwe International Airport, Abuja. The Jiwa Community, which hosts the runway, demanded compensation for being evicted from their ancestral lands. The Minister has directed the immediate payment of N825 million to the affected landowners as compensation. The community will also receive other incentives, including employment opportunities, infrastructure development, and a healthcare facility.
President Bola Ahmed Tinubu has challenged his ministers to deliver on their responsibilities or face the possibility of being fired. During the Federal Executive Council meeting, Tinubu unveiled his economic revival plan, emphasizing the need for economic reform, national security, job creation, and accountability. The president urged his ministers to contribute to Nigeria's success by utilizing their skills, intellect, and networking abilities.
Governor of Delta State, Sheriff Oborevwori, has called for greater cooperation between Delta and Edo states to ensure speedy development. The call was made at a colloquium to mark the 60th anniversary of the creation of the Midwestern Region of Nigeria. The governor emphasized the need for harmonious co-existence and proposed the establishment of a council comprising representatives from both states to focus on a development roadmap.
The Nigerian economy is undergoing corrective reforms to restore growth and development. However, implementing these reforms comes with challenges and tradeoffs, impacting energy prices and the exchange rate. The economy's performance in the second quarter of 2023 showed marginal improvement in GDP growth but fell short of projections. Sectors that grew and slowed in Q2 are highlighted, along with sectors that contracted and are in recession. Dr Muda Yusuf, Director/CEO of the Centre for the Promotion of Private Enterprise, emphasized the need to address issues such as insecurity, corruption, productivity, and competitiveness to rebuild economic momentum.
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