President Bola Tinubu’s administration is set to allocate N6.75tn from the projected N27.5tn budget to defence and security, education, and infrastructure in 2024, as revealed during the presentation of the budget breakdown by the Minister of Budget and National Planning, Abubakar Bagudu. This allocation focuses on enhancing law enforcement capabilities, improving human capital development, and…
In observance of the 16 Days of Activism, Women Community in Africa (WCA) made a significant visit to Kuje Correctional Facility, driven by a mission to address the challenges faced by incarcerated individuals and champion their cause for fair treatment and justice. Upon arrival, WCA unearthed a multitude of issues plaguing the inmates. Within the…
Recent investigations conducted in various regions of Nigeria have uncovered a troubling scarcity of currency, directly conflicting with the Central Bank of Nigeria’s (CBN) assurances of ample cash flow. Reports from Abuja, Lagos, Kano, Kwara, Gombe, Edo, Sokoto, and Ekiti indicate inconvenience faced by both bank customers and Point of Sale operators due to the…
In a recent address to Estate Developers and Residents’ Associations, Minister Nyesom Wike of the Federal Capital Territory announced a forthcoming crackdown on tricycle operations, known as Keke Napep, in key Abuja neighborhoods. He affirmed the cessation of Keke Napep services in prominent areas like Asokoro and Maitama, emphasizing the move’s aim to eliminate prevalent…
An analysis of government budget data has unveiled that Nigeria’s 36 states collectively disbursed a staggering N1.71 trillion on recurrent expenditures between January and September 2023. These expenses encompassed various recurring costs, including allowances, foreign trips, office supplies, and aircraft maintenance. The breakdown revealed that 24 states provided comprehensive budget implementation data for the first…
Austin Ilom, an employee of Zenith Bank at the Suleja branch, tragically passed away after being abducted from his residence in Kubwa three weeks ago. Reports indicate that despite efforts to secure his release, Ilom’s life was cut short. According to statements from Joe Igbokwe, a source close to the situation, the kidnappers demanded a…
Finance Minister Wale Edun has disclosed a remarkable increase in revenue influx into the federation account following the removal of subsidies, skyrocketing from an average of N650 million monthly to over N1 trillion over the last four months. Speaking on Monday at the commencement of a four-day retreat organized for members of the Federation Account…
The Central Bank of Nigeria (CBN) has announced the postponement of its monetary policy committee meeting for the second time, citing recent developments and engagements within the financial landscape. This decision, confirmed by Dr. Isa Abdulmumin, the CBN’s Director of Corporate Communications, comes amidst growing concerns over Nigeria’s surging inflation rates, reaching a staggering 27.33…
