Author: NPO Admin II

Nigeria’s Free Trade Zones (FTZ) have the potential to drive the country’s industrial aspirations, Special Adviser to the President on Industry, Trade and Investment, Mr John Uwajumogu has said. Uwajumogu made this known at a Stakeholders’ meeting to proffer solutions to challenges confronting the smooth operations of the sub sector. The News Agency of Nigeria (NAN) reports that the meeting was organised by Nigeria Economic Zones Association in collaboration with Nigeria Export Processing Zones Authority (NEPZA) and Oil and Gas Free Zones Authority (OGFZA). ”The smooth operations of the scheme will accelerate the growth of the country’s economy. ”Also, initiating…

By Halimah Olamide The Tertiary Education Trust Fund (TETFUND) says consultations are ongoing to suspend foreign scholarships as a result of current exchange rate. The Executive Secretary of the fund, Mr Sonny Echono made this known at a public hearing on alleged missing N2.3 trillion in TETFUND between 2011 to date, organised by an Ad hoc Committee of the House of Representatives. He said that the tax accruable to the fund is generated by Federal Inland Revenue Service (FIRS) and the fund’s account is domiciled in the Central Bank of Nigeria (CBN) Echono said that some of the tax come…

The Nigerian Economic Summit Group (NESG) has announced the appointment of Dr Tayo Aduloju as its new Chief Executive Officer (CEO), with effect from January 1, 2024. Aduloju, who currently serves as the Chief Operating Officer (COO) and Senior Fellow for Economic Policy, Strategy, and Competitiveness at the group, will succeed the incumbent CEO, Mr Laoye Jaiyeola, upon the completion of his two-term tenure. According to a statement by the NESG, under Jaiyeola’s leadership, NESG has taken a quantum leap, utilising technology and data to promote the inclusive and sustainable growth of Nigeria’s economy. It said that the group also…

By Kamil Opeyemi The Nigeria Labour Congress (NLC) on Tuesday accused the Federal Government of robbing masses to feed satisfy the greed of the rich people. The Congress said government’s plan amounts to scam. The government had earlier announced plan to distribute N500bn as palliatives to Nigerians and government officials to cushion the effects of the removal of fuel subsidy. NLC also asked the federal government to review the proposed N8,000 to 12 million household palliative. Last week, President Bola Tinubu asked the senate to approve a borrowing request of $800 million. The federal government plans to transfer N8,000…

By Kamil Opeyemi The Federal High Court sitting in Abuja, on Tuesday, declined to extend its interim order, issued on July 10 2023, stopping the Independent National Electoral Commission (INEC), the Inspector General of Police (IGP), and the Attorney General of the Federation (AGF) from prosecuting the suspended Adamawa State Resident Electoral Commissioner (REC), Hudu Yunusa Ari, pending the hearing and determination of a motion filed by Senator Aishatu Dahiru, also known as Binani. Yunusa-Ari had stirred controversy when he declared Aisha Binani Dahiru of the All Progressives Congress (APC) as the winner of the Adamawa governorship election when…

By Kamil Opeyemi President Bola Tinubu on Tuesday expressed sadness at the death of two-year-old Ivan Omhonrina allegedly hit by a stray bullet of the NDLEA in Delta last week. The toddler was killed by stray bullet while operatives of the NDLEA were conducting a raid at Okpanam in Oshimili North Local Government Area of Delta. Stray bullet also hit Ivan’s sibling, one-year-old Eromonsele in his left eye and is currently receiving medical attention at the Federal Medical Centre, Asaba. Reacting, President Bola Tinubu in a statement signed by his Special Adviser on Special Duties, Communications and Strategy, Dele Alake,…

By Hallimah Olamide The Kwara Government has rolled out a new Public Health Adivory measures to curb the spread of Anthrax into the state. The measure follows Federal Government’s confirmation of anthrax outbreak in a multi-specie animal farm at Gajiri, Suleja Local Government Area of Niger. The state Ministry of Agriculture and Rural Development, Department of Veterinary Services, released the new Public Health Advisory on Tuesday in Ilorin with a view to preventing the disease from entering the state. Dr Abdullateef Olugbon, the Director of Veterinary Services, encouraged livestock owners and stakeholders in livestock business to increase their alertness and…

By Halimah Olamide The Federal Road Safety Corps on Tuesday vowed to appeal a judgment of court which barred its operations from roads that do not belong to the Federal Government. Recall that a High Court in Asaba Delta state had ruled against the safety agency over its powers to enforce safety rules on all roads. In a statement by Bisi Kazeem, Assistant Corps Marshal Corps Public Education Officer on Tuesday, he said “Pursuant to the judgement passed by the Court of Appeal sitting in Asaba, Delta State in Appeal No. CA/AS/276/2019: FRSC and Darlington Ugo Ehikim, wherein the…

By Halimah Olamide President Bola Tinubu on Tuesday ordered a review of the earlier proposed N8,000 palliative per family as part of the measures to cushion effects of petrol subsidy removal. Tuesday’s decision by the president followed heavy criticism which has trailed the policy since it was announced. In a statement by Special Adviser to the President on Special Duties, Communications and Strategy, Dele Alake, he said the last few days after the decision was made had been marked with heavy condemnation. The statement titled “REVIEW OF N8, 000 CASH TRANSFER” Alake said it has become part of the culture…

By Kamil Opeyemi The Group Chief Executive Officer of the Nigerian National Petroleum Corporation, Mr. Mele Kyari, has attributed Tuesday’s increase in the price of petrol to market forces. Speaking after a meeting with the Vice President, Kashim Shettimma on Tuesday, Kyari said the increase was not surprising as the forces of demand and supply is what is driving the pricing regimes. He spoke with State House correspondents. Kyari explained that the increase in the price of pms has nothing to do with supply issue, adding that there are robust supply of the product in the country. “I don’t have…