President Bola Tinubu Reshuffles Cabinet and Merges Key Ministries
The restructuring is part of Tinubu’s broader strategy to enhance efficiency and ensure a more cohesive approach to governance.
Tag: FG
FG Reveals Why Coca-Cola Suspended Its $1 Billion Investment Pledge to Nigeria
The Nigerian presidency has provided clarification regarding Coca-Cola’s decision to withdraw its $1 billion investment pledge, initially made in 2021. In a statement released on Thursday, Bayo Onanuga, Special Adviser to the President on Information and Strategy, addressed reports suggesting that Coca-Cola had failed to honor its previous investment commitment to Nigeria. Onanuga explained that…
SERAP Issues 7-Day Ultimatum to Tinubu to Investigate $1.5 Billion World Bank and $3 Billion Chinese Loans to Governors
The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to take decisive action by ordering a comprehensive investigation into the use of significant loans obtained by Nigeria. Specifically, SERAP has urged the President to direct the Attorney General of the Federation and Minister of Justice, Mr. Lateef Fagbemi, SAN, along with…
BREAKING: CBN Increases Interest Rate to 27.65%
The Central Bank of Nigeria’s Monetary Policy Committee (MPC) has announced a significant increase in the benchmark lending rate, raising it to 27.65 percent. This decision was revealed by CBN Governor Olayemi Cardoso following the 296th MPC meeting held in Abuja on Tuesday. The MPC has consistently adopted a stringent approach to control inflation since…
Federal Government Allocates ₦3 Trillion for New Minimum Wage, Pensions, and Gratuities
The Senate, in response, expedited the readings and referred the bills to the committees on Appropriations and Finance for further legislative input, with a report expected within a week.
President Tinubu Approves N70,000 Minimum Wage, Pledges Regular Reviews
In a significant move, President Bola Tinubu has officially approved a new minimum wage of N70,000 for Nigerian workers. This decision was reached following a crucial meeting between the President and leaders of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) at the Presidential Villa in Abuja on Thursday. The announcement was…
FG Seeks World Bank’s Assistance for $50m Solar Power Project
The Federal Government of Nigeria has approached the World Bank for $50 million in support to assist state governments in the installation of solar plants and infrastructure upgrades. This initiative is part of a broader strategy to bolster the nation’s power sector and drive economic growth. The Minister of Finance and Coordinating Minister of the…
Bill to Ban Violence in Public and Private Spheres Advances Past Second Reading
A significant legislative effort aimed at eradicating violence in both private and public spheres has successfully advanced to the next stage. The bill, titled the Violence Against Persons (Prohibition) Bill, 2024 (SB. 368), seeks to replace the existing Violence Against Persons (Prohibition) Act of 2015. This new bill is designed to comprehensively prohibit all forms…
Federal Government Aims for $1 Trillion Economy with New Financial Inclusion Framework
In a strategic move aimed at fostering economic and financial inclusion across Nigeria, the federal government launched a new initiative on Wednesday. The goal is clear: to establish a robust operating model and framework that will propel Nigeria into a $1 trillion economy by 2030. This initiative, unveiled at the Presidential Villa in Abuja, seeks…
Nigeria Lists Three Presidential Aircraft for Sale, Calls For Bidders
The sale of these three jets will effectively halve the number of aircraft in the presidential air fleet, which currently comprises six airplanes and four helicopters.
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