The World Bank has decried Nigeria’s huge subsidy payments, and how subsidy benefits only rich households and diminishes government spending on poor Nigerians. What led to the bank’s comment? The bank expressed its fiscal concerns for Nigeria in a statement on its website announcing the launch of the new Nigeria Public Finance Review report. According…
The federal government of Nigeria has announced that the number of people living in poverty in Nigeria is as high as 63% of the country’s population. Is this a new report? This was disclosed on Thursday, during Nigeria’s Multidimensional Poverty Index (MPI) Survey, where President Muhammadu Buhari was represented by his chief of staff Prof….
National Universities Commission, NUC has hinted that the development of the Entrepreneurship Education Programme for university students in Nigeria might be one of the solutions to tackling the rising rate of youth unemployment in the country. Executive Secretary of NUC, Professor Abubakar Adamu Rasheed while speaking at a two-day brainstorming session with the Directors of…
The Federal Government has announced plans to provide mortgage loans to Nigerians living abroad. What’s the objective of this? Projected to be launched before the year ends, the FG’s plan is aimed at providing opportunities for Nigerians living abroad to access needed funds for the purpose of acquiring properties in the country, and without having…
Trade at the Nigeria Foreign Exchange market closed on a positive note, at the close of the trading week as the naira recorded significant gains it began with at the start of the trading on Monday. Naira rebounded by about 8.72% to trade at N680/1$ at the parallel market otherwise known as the black market,…
As the National Assembly intensifies its effort to scrutinize the 2023 budget proposal of the various Ministries, Department, and Agencies (MDAs) of the Federal Government, the House of Representatives Committee on National Population Commission, NPC, and the National Identity Management Commission, NIMC, has rejected the 2023 budget proposal of both agencies over the disparity in…
In one of our reports last week Monday, November 1, we reported that some commercial drivers under the aegis of the Joint Drivers Welfare Association of Nigeria embarked on a warning strike to register their grievances over the extortion, harassment, and intimidation of its members by members of the LSPGM committee. One week after, there…
Nigeria’s exploratory activities in the country’s north and a purported discovery of one billion barrels of crude oil there are both causing grave concerns among stakeholders. What are the concerns? Stakeholders have raised questions about the development’s secrecy amid transparency concerns. More than a year after the news of the discovery of a billion barrels…
Nigeria Immigration Service says it has dismissed eight officers and sanctioned 18 others for sharp practices ranging from job racketeering, indiscipline, and other acts of corruption. Among those sanctioned were about 100 Immigration officers formerly attached to the Murtala Muhammed International airport, who have now been redeployed pending the outcome of the bribery allegations levied…
The State House Permanent Secretary, Tijjani Umar, has lamented the inadequacy of the N7.2b allocated for the ‘maintenance’ of the Presidential Villa in the proposed 2023 budget. How much would be enough? Umar would like to have as much as N40b for the State House as it was in the 2022 budget. The N7.2b was…
