Reps Give President Tinubu 72 Hours to Unfreeze NSIPA Accounts and Restart Programs
The house of representatives has called on President Bola Tinubu to direct Wale Edun, minister of finance, to unfreeze all accounts of the National Social Investment Programmes Agency (NSIPA) within 72 hours. The resolution was passed by the lower…
Providing Jobs Not Part of My Ministry’s Mandate – Minister of Labour and Employment
The Minister of Labour and Employment, Muhammadu Dingyadi, clarified on Thursday that Nigerians expecting his ministry to provide jobs would be disappointed, as it is not part of their mandate. He made this statement at the annual conference of the…
Lagos Governor Sanwo-Olu to Unveil Y2025 “Budget of Sustainability”
Lagos State Governor, Babajide Olusola Sanwo-Olu, is set to present the highly anticipated Y2025 Appropriation Bill to the Lagos State House of Assembly on Thursday, November 21, 2024, at noon. The proposed budget, aptly themed the “Budget of…
Ending Remote Work: A Cost-Saving Strategy?
Both Musk and Ramaswamy have openly criticized the prevalence of remote work within federal agencies, advocating for a five-day in-office workweek for all federal employees. A source close to DOGE discussions revealed that this proposal is being…
Federal Government to Rebase Nigeria’s GDP and CPI by 2025 to Reflect Informal Sector and Improve Policy Accuracy
The Federal Government of Nigeria is set to rebase the country’s Consumer Price Index (CPI) and Gross Domestic Product (GDP) by 2025 to enhance policy accuracy and boost investor confidence. This was announced in a statement on the Ministry of…
133 Million Nigerians at Risk of Hunger Crisis in 2025 – Cadre Harmonisé Report
The Cadre Harmonisé report on food and nutrition insecurity has projected that 133.1 million Nigerians will face a global hunger crisis in 2025. This information was shared by the Food and Agriculture Organization (FAO), which disclosed that the report…
Import Dependency and Informal Economy Compounding Inflation Challenges — Finance Minister Wale Edun
Minister of Finance, Wale Edun, addressed the National Economic Council (NEC) on Tuesday at the Presidential Villa, Abuja, outlining Nigeria’s unique inflation challenges and efforts toward economic stabilization. Unlike advanced economies, which have…
Nigeria’s States and FCT Generate N2.43 Trillion in Internally Generated Revenue in 2023 (See Full List)
In 2023, Nigeria’s 36 states and the Federal Capital Territory (FCT) collectively amassed N2.43 trillion in Internally Generated Revenue (IGR), marking a 26.03% increase over the N1.93 trillion generated in 2022, as detailed in the latest report…
Lagos State Boosts Minimum Wage to N85,000
Lagos State Governor, Babajide Sanwo-Olu, has announced a significant increase in the minimum wage for workers in the state to N85,000. This decision comes after thorough discussions with labor unions in Lagos. Sanwo-Olu emphasized that the wage…
Japan Boosts African Development Fund with Landmark Concessional Loan
The Japan International Cooperation Agency (JICA) has provided significant support to the African Development Fund (ADF) through a substantial concessional loan. This loan will aid Africa’s least developed and fragile countries. Dr. Akinwumi…