Members of the organised private sector have asked President Bola Tinubu to cut down the cost of current expenditure, particularly the ones being spent on former governors, their first ladies and other political office holders in the country. They also said it was imperative for the Tinubu-led federal government to consider cutting down on the current tax burden put on industries and their members of staff, saying those would be one of the great measures to bring down the present inflationary trend in the country. The Director-Generals of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture…
Author: meridianspy
The National Assembly, on Thursday, passed an amendment to the N819.5 billion 2022 supplementary budget, approving N70 billion to support the “working condition” of new lawmakers. The amendment, among others, seeks to provide N500 billion palliatives to Nigerians to cushion the effects of fuel subsidy removal. The amendment was passed in both the Senate and the House of Representatives a day after President Bola Tinubu sent the request to the parliament. The breakdown of the amended N819.5 billion supplementary budget showed that N500 billion is for palliatives to cushion the effect of recent subsidy removal policy, which will be domiciled…
The Labour Party (LP) has called for the immediate dismissal and prosecution of Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC). The party and its presidential campaign council asked the international community to take “punitive action” against Yakubu and other top officials of the electoral body over the conduct of the 2023 elections. Speaking at a press conference in Abuja on Thursday, Akin Osuntokun, the director-general of the Obi-Datti presidential campaign, called for the investigation of the financial allocations and donors’ funds to INEC for the elections. “We commend the international community and civil society for their continued…
Unknown to many, President Bola Ahmed Tinubu did not receive any form of financial support from the ruling All Progressives Congress (APC) to prosecute his nationwide presidential campaigns. APC’s national vice chairman North West, Dr Salihu Lukman who spoke to reporters in Abuja ahead of the national executive council (NEC) meeting described the development as not only odd but a clear departure from what obtains in the past. Lukman further alleged that aside from Tinubu, candidates of the party that vied for various elective seats were also denied financial support by the Senator Abdullahi Adamu-led national working committee (NWC).…
A Federal Capital Territory (FCT) High Court has ordered the Department of State Services (DSS) to charge suspended Central Bank of Nigeria (CBN) Governor Godwin Emiefele in court or release him on bail within one week. The injunction was issued by Justice Hamza Muazu in his decision in a fundamental human rights action filed by the bank’s CEO, who was detained on June 10, 202 The secret police had reportedly trailed him to Lagos, where he was arrested and flown to Abuja. His family members, associates and lawyers were reportedly barred from visiting him, making them to file the suit…
Bobrisky, a popular crossdresser, has come under fire for flaunting his surgically altered body. Bobrisky could be seen displaying his new body in a video he published on his Instagram account, notably his butt, where he had recently undergone BBL surgery. Some Nigerians reacted by saying he still appears like a man because his muscles are visible. Others took a swipe at him, questioning the rationale behind his decision to go under the knife. @syllabus_autos: senior man why are you doing this to yourself @activeola: when time reach you go off this yansh way you wear @rahmon_dhano: Why female…
The Senate has urged the Federal Government to conduct a nationwide vaccination of livestock with the anthrax spore vaccine as soon as possible, particularly in the country’s border states, through the Nigeria Centre for Disease Control, the Federal Ministry of Agriculture and Rural Development, and the Federal Ministry of Health. The Senate has also requested the Federal Ministry of Information, Culture, and Tourism to launch aggressive public awareness campaigns to educate Nigerians about the anthrax outbreak, symptoms for early detection, and prevention recommendations. The Upper Chamber has mandated Senator Garba Musa Maidoki, PDP, Kebbi South led Senate Committee…
Napoli President. Aurelio De Laurentiis has said he believes that only one club can afford to buy Victor Osimhen this summer and that club is PSG. “The only club that can afford to take Osimhen from us is PSG,” De Laurentiis told Sport Mediaset. However, De Laurentiis said earlier this week that the Nigerian would remain at Napoli unless a’more than indecent proposal’ is made for the 24-year-old. According to multiple sources, Napoli valued Osimhen at €150 million, and no club is willing to reach that asking price at the moment. De Laurentiis has increased his valuation of…
Stakeholders have urged the Federal Government to open up the private sector if Nigeria is to catch up with the rest of the world. The stakeholders spoke during the W’Bank country director, NBA ask FG to Strengthen Private Sector Partnership Section on Business Law’s 17th Annual International Business Law Conference 2023, which was held in Lagos and with the theme “The Nigerian Business Landscape: Priorities for Law, Policy, and Regulation. Dr. Shubham Chaudhuri, World Bank Country Director for Nigeria, delivered the keynote address at the conference and traced the development index of Nigeria and Indonesia, noting that Nigeria lost its…
By Kabir Abdulsalam Chief of Army Staff (COAS), Maj.-Gen. Taoreed Lagbaja, has described the amnesty program for bandits and terrorists in Zamfara and other states as ineffective. He disclosed on Wednesday while hosting Governor Dauda Lawal of Zamfara state at the Army Headquarters, Abuja. COAS said the amnesty programme had inadvertently furnished criminal elements with a golden opportunity to regroup, reorganize, and mercilessly target defenseless citizens. His word, “We also have the issue of the amnesty programme that has been instituted, and which has failed not only in Zamfara but so many other states of the North West. “So, I…
Egypt overtakes Nigeria as Africa Tech Power hous Egypt has emerged as Africa’s tech powerhouse, dethroning Nigeria as the ecosystem with the greatest funding from June 2022 to June 2023, reports have shown. This suggests that venture capitalists and private equity firms, who have poured to Africa in recent years to take positions, are starting to slow down their investments. According to experts, this indicates a global reaction to high volatility and inflationary factors in many nations, which are prompting investors to reconsider their risk appetite, particularly in the global tech sector. In Africa, investors are demanding a lot more…
Real Madrid defender David Alaba has returned to the top of the social media trending list after performing at the Rolling Loud music event with Nigerian Afrobeats artist Wizkid. Alaba appears to be enjoying his vacation ahead of a return to training for preseason action with La Liga giant Real Madrid. Taking to his official Instagram account, the Austrian international with Nigerian roots shared several photos of him linking up with Wizkid. The former Bayern Munich star captioned the photo, “Rolling Loud was fun.” His sister, Rose Mary Alaba, said in the comments, “Caaaallmmmm down Ma g. Relaaxxx.” Alaba…