Former Kaduna State governor, Nasir El-rufai, has said his administration left behind financial liabilities to the tune of $577.32 million foreign debt, N64.54 billion domestic debt and Other Contingent Liabilities of N16.06 billion for the new governor, Senator Uba Sani. He disclosed this in his farewell speech at the swearing in ceremony of the new governor in Kaduna yesterday. He said his administration spent N818.9 billion as capital expenditure between 2015 and 2022 in the prosecution of first and second State Development Plans which attracted nearly US$5 billion in foreign and domestic investments. He said he was leaving a net…
Author: meridianspy
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), is currently at the Presidential Villa in Abuja for a meeting with President Bola Tinubu. Tinubu, whose vehicle entered the villa at 2:30pm, inspected a parade by the Guards of Honour, He was later received by Vice-President Kashim Shettima; Emefiele; Mele Kyari, Group Managing Director (GMD) of the Nigerian National Petroleum Corporation Limited (NNPCL); speaker of the House of Representatives, Femi Gbajabiamila; and Permanent Secretary, State House, Tijjani Umar. Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.
Pump price of Premium Motor Spirit, PMS, is now selling for between N600 and N680 per litre at different petrol stations where the product is available. Many filing stations which had sold the product on Monday did not open for business Tuesday morning after the newly-inaugurated President Ahmed Bola Tinubu, had declared that the era of fuel subsidy was over. Only few filling stations were observed dispensing petrol in Umuahia, and the few who were selling sold at cut-throat price. AFP
The Nigerian National Petroleum Company Limited has welcomed the pronouncement of President Bola Tinubu on the removal of fuel subsidy. NNPC has urged Nigerians to stay calm and not to panic buy fuel. They assert that the removal of fuel subsidy is in the best interest of the country and that it will help to improve the economy. The company has also said that it is working to ensure that there is no shortage of fuel in the country. In his inaugural address on Monday, President Bola Ahmed Tinubu declared an end to the era of subsidy payment, stating that…
The Borno State Governor, Professor Babagana Zulum, says 5,000 teachers will be employed to commence afternoon primary and secondary education system to address problems of congestion and increase enrollment of out-of-school children. Zulum announced this on Monday in Maiduguri during his inaugural speech after taking an oath of office for second term. “Although we have built dozens of new mega-size schools and expanded existing schools with about 1,000 new classrooms, we are still faced with issues of congestion in classrooms, and with the worse problem of having thousands of out-of-school children despite being of school-ages. “I am happy to…
The Federal Government has asked Nigerians not to panic over the announcement of the removal of petrol subsidy by President Bola Ahmed Tinubu. In his inaugural speech on Monday, Tinubu the subsidy regime is gone, a statement that immediately sparked panic buying and fuel queues across several states of the federation. In a swift reaction to the development, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), General Manager, Corporate Communications, Kimchi Apollo said the Authority is working closely with NNPC Limited and other key stakeholders to guarantee a smooth transition, avoid any disruptions in supply as well as ensure…
There was a mild drama on Tuesday morning at Lagos office of the Economic and Financial Crimes Commission (EFCC) as the operatives of the Department of State Services (DSS) prevented the officials of the anti-graft agency from accessing their office. It was learnt that the feud arose from a rivalry between the both agencies over the ownership of the building located at No 15A Awolowo Road, Lagos, Lagos State. An official of the EFCC told Daily Trust that the DSS operatives arrived their office at about 7:15am on Tuesday, and refused to leave the premises despite dialogue between operatives of…
The new governor of Kano State, Abba Kabir Yusuf, popularly known as Abba Gida-Gida, after his inauguration yesterday issued several executive orders believed to have heralded several probes of his immediate predecessor, Abdullahi Umar Ganduje. In his inaugural speech, the governor ordered the security agencies in the state to immediately take over all public properties sold by Ganduje’s administration. “I am announcing, today, that all these public places and assets that were immorally plundered and sold by the Ganduje administration should be taken over by law enforcement agencies, led by the Police, the DSS, Civil Defense, and Hisbah pending the…
Peter Obi, the Labour Party’s presidential candidate for the 2023 elections, has stated that it is time for Nigerians to reexamine their national presumptions. He added that he agreed with Nigerians who despised the nation’s current deplorable circumstances but continued to hold out hope for a better future. Obi said this yesterday in a statement, titled ‘“ At a time like this: My message to fellow Nigerians” to mark May 29, 2023, presidential inauguration in Abuja. He described the occasion as a time for deep reflection and to “re-examine our assumptions, even as we reaffirm our hopes, review our aspirations,…
The Labour Party has expressed disappointment that the inaugural address of President Bola Ahmed Tinubu failed to provide a clear road map about how his administration intends to navigate Nigeria out its current socio-economic despair. It said the Presidential address exposed the shallowness and policy incongruity that his administration, while it lasts, is hoping to bequeath Nigerians. National Publicity Secretary of the LP, Obiora Ifoh, said this in the party’s official response to President Tinubu’s inaugural speech, in Abuja, on Monday. The opposition party which came third in the 2023 general elections as announced by the Independent National Electoral Commission…
Raymond Dokpesi, a chieftain of the Peoples Democratic Party (PDP) and founder, DAAR Communications plc(parent company of AIT) , has died at the age of 71. A family member confirmed this to newsmen on Monday, saying the media mogul died at a hospital in Abuja. According to the family source who doesn’t want to be mentioned, Dokpesi had suffered a stroke shortly after the recent Ramadan fast and had been managing his health since. The family source told THE WHISTLER that Dokpesi was eventually placed on occupational therapy to improve his daily activities through walking out at the gym. The…
President Bola Tinubu said his predecessor and former President Muhammadu Buhari has done his best for Nigeria. Tinubu stated this while delivering his inaugural speech as the 16th President of Nigeria at the Eagle Square today (Monday). He said, “Permit me to say a few words to my predecessor, President Muhammadu Buhari. You have been a honest man and patriotic leader. Buhari has done his best for the nation.” Tinubu was sworn in as the 16th President of the Federal Republic of Nigeria. Similarly, Kashim Shettima was also sworn in as the Vice President of Nigeria. Chief Justice of the…