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Minister Nyesom Wike has pledged to revamp the Abuja Urban Mass Transportation Company (AUMTC), addressing the challenges faced by the company. He expressed his vision to transform Abuja's transportation system into a world-class one. Wike also aimed to tackle the issue of "one chance" operators and emphasized the need for everyone to prioritize the well-being of government-owned assets. The House of Representatives Committee on Mass Transit expressed unwavering support for the Minister's efforts.
NERC has announced an increase in the prices of single-phase and three-phase pre-paid electricity meters in Nigeria. The decision aims to ensure fair pricing for both Meter Asset Providers and consumers. The price of single-phase meters will rise to N81,975.16k, while three-phase meters will increase to N143,836.10k. This move is expected to enable MAPs to recover their costs and promote a viable return on investment.
Governor Rev. Fr. Hyacinth Alia of Benue State failed to show up and account for his first 100 days in office, much to the disappointment of the media and the opposition party. The Peoples' Democratic Party (PDP) described the governor's tenure so far as a collossal failure, highlighting the unfulfilled promises made during his campaign.
A group of alleged Islamic terrorists attacked a village in northern Nigeria, killing seven civilians and kidnapping 12 others. This incident highlights the ongoing security challenges faced by the Nigerian government in dealing with extremist groups such as Boko Haram and the Islamic State.
Governor Charles Soludo is set to host the Anambra Investment Summit 2023, a pioneering event aimed at transforming Anambra State into a hub of sustainable businesses. The summit will feature a lineup of esteemed panelists who will share their expertise on corporate governance and its role in building sustainable businesses. Attendees can expect valuable insights and guidance from industry leaders, making this summit a must-attend for anyone looking to propel their businesses to new heights.
9mobile, the Nigerian telecom giant, recently held a networking and business mentorship program at the University of Ilorin, where they emphasized the importance of building personal brands for future business and career growth. Students were given insights on personal branding, target audience identification, brand consistency, and the need to network and build relationships. The event also featured sessions on leveraging digital tools and expanding side hustles. Read on to learn more about the key takeaways from the event.
The Oyo State House of Assembly has granted Governor Seyi Makinde's request to access a N50 billion revolving overdraft for the development of recurrent and capital expenditures in the state. This move will support the state government in meeting its financial obligations and funding various projects across Oyo State.
Facility maintenance expert, Engineer Afolai Adedeji, emphasizes the significance of adopting a culture of facility maintenance to prevent the decay of important edifices. He highlights how the lack of maintenance leads to the deterioration of cherished monuments and buildings, resulting in the wastage of limited resources. Adedeji stresses the need to prioritize and sustain the upkeep of structures to ensure their longevity and endurance.
Anambra State Governor, Prof. Chukwuma Charles Soludo, CFR, has announced the provision of free antenatal and delivery services for pregnant women in all government hospitals and health centers. This initiative is aimed at mitigating the impact of the fuel subsidy removal. The Governor also highlighted other measures his administration has rolled out to alleviate the effects of the subsidy removal.
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has announced plans to penalize property owners owing a total of N34 billion in ground rents to the FCT Administration. Wike warned that non-payment of ground rents will result in the revocation and reallocation of properties to those willing to pay. The minister also expressed his dissatisfaction with poor budgetary provisions for the FCT and appealed for improved allocations. This article explores the implications of these measures and highlights the need for property owners to fulfill their financial obligations.
The Nigeria Labor Congress has commenced a two-day warning strike in protest of the increasing cost of living due to the removal of gas subsidies. The labor association, consisting of hundreds of thousands of workers, demands improved welfare and a wage increase. Despite minimal compliance, the president of the labor association warns of a total shutdown of the nation if their demands are not met. President Bola Tinubu's economic measures are causing hardship for many Nigerians, with critics accusing him of not acting fast enough to cushion the effects of the policies.
A Nigerian environmental activist, Priscilla Achakpa, raised concerns at the first African Climate Summit, opposing the use of carbon markets as solutions to climate change. She argued that richer countries should not be allowed to offset their emissions by investing in clean energy initiatives in Africa. This article explores Achakpa's viewpoints and the debate surrounding carbon markets in Africa.
Fidelity Bank Plc has announced a remarkable 204.4% increase in Profit Before Tax for the first half of 2023. The bank's financial results showcase significant growth in earnings, loans, deposits, and assets, reinforcing its position as a leading financial institution in Nigeria. The bank's CEO, Nneka Onyeali-Ikpe, expressed satisfaction with the bank's performance and emphasized its commitment to delivering sustainable value to shareholders. Fidelity Bank has been recognized with various awards, highlighting its excellence in serving SMEs and fostering entrepreneurship in Nigeria.
Federal Capital Territory Minister, Nyesom Wike, has pledged to recover a staggering N34 billion of outstanding debt owed to the FCT administration. Speaking during a meeting with the House of Representatives Adhoc Committee, Wike emphasized that ground rent allottees must either settle their dues or face the revocation of their properties. Additionally, Wike vowed to tie projects to the FCT's internally generated revenue (IGR), ensuring contractors receive timely payments and schemes are not abandoned. The minister expressed his intent to overhaul the Abuja Urban Mass Transport Company (AUMTCO) and highlighted the need for an organized cabinet to assume responsibility for governing affairs. Wike also addressed the proliferation of abandoned projects, stating that he would prioritize completing ongoing endeavors and leave unfinished ventures for subsequent governments.
As President Bola Ahmed Tinubu celebrates his first 100 days in office, his administration's courageous steps in removing fuel subsidy and unifying the foreign exchange market have been hailed by the Minister of Information and National Orientation, Mohammed Idris. While these decisions have caused short-term discomfort, they are expected to save Nigeria from economic collapse and have a positive multiplier effect on the country's living conditions. The government has also launched various intervention programs to cushion the impact on the population.
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