The renown human rights activist and legal practitioner Femi Falana SAN has called on President Bola Tinubu to reject IMF and World Bank prescriptions that include the withdrawal of subsidy and floating of currency to save Nigeria’s economy. Falana stated this recently when he was hosted by Politics Today on Channels Television recently. He warned that such policy has never assisted any country to develop. “The right thing to do is to reject the prescriptions of the IMF and the World Bank telling you to remove fuel subsidy, float your currency and so on, which has never assisted any country…
Author: Editor
The implementation of duty-free policy on imported food items by the federal government is to begin next week. This initiative is part of the Presidential Accelerated and Stabilisation Advancement Plan aimed at tackling the country’s rising food inflation. In July, the government approved a 150-day duty-free period to facilitate the importation of essential food items, including maize, husked brown rice, and wheat. The policy, delayed in considering the interests of various stakeholders, including local farmers, is now set to be implemented. Speaking recently at a security meeting, the comptroller general of Customs, Bashir Adeniyi, confirmed that the implementation would begin…
Nigerian governors have been asked to fear God and utilize the N570 billion allocated to them by President Bola Tinubu on youth and women development programs to alleviate the sufferings and hardship being encountered in the country. The call was made on Friday by the outspoken stalwart of the All Progressives Congress (APC) in Kano Musa Ilyasu Kwankwaso while addressing newsmen. He warned that if they refuse to heed to his advice and misuse the funds or divert them for personal greed, posterity will judge them. “On the amount of N570 billion given to all the 36 states and the…
The Chief Executive Officer (CEO) of Bomarah Group, a growing conglomerate based in Lagos and Kano states, Dr. Idayat Bolanle Muse, has empowered 500 Yoruba women and youths with working tools to encourage self reliance and tame hardship. The empowerment program, which includes the distribution of sewing machines to tailors and seamstresses, as well as seed grants for youths seeking to start or scale up their businesses, is hailed as a transformative event that has taken 300 women and 200 youths off the unemployment radar, giving them the tools and financial support to become employed. Speaking at the event which…
By Abdullahi Alhassan, Kaduna Coalition of Civil Society Organizations of Nigeria (CCSON) has said that appointing Halimat Tejuosho Adenike as Humanitarian Affairs Minister will reduce agitations from different groups cut across the country. The group in a press statement jointly signed by the Deputy National Chairman and Spokesperson of the coalition Comrade Auwal Mohammed and Joy Elizabeth was reacting to the seven appointments made by president Bola Ahmed Tinubu under the federal ministry of Humanitarian Affairs, Disaster Management and Social Development, on Tuesday night. Applauding president Tinubu for the appointments, the group stated that the move is a clear reflection…
By Abdullahi Alhassan, Kaduna Corruption remains one of the most significant impediments to Nigeria’s development as it erodes trust in public institutions, undermines the rule of law, and stifles economic growth, the Chairman, Independent Corrupt Practices and other Related Offences Commission (ICPC), Dr. Musa Adamu Aliyu, declared in Zaria today. Aliyu, a Senior Advocate of Nigeria (SAN), spoke when he delivered a keynote address at the ongoing International Law Conference organised by the Faculty of Law, Ahmadu Bello University, Zaria. The ICPC chairman, who spoke on “Law and Contemporary Societal Issues: Navigating Challenges and Opportunities”, also pointed out that corruption…
The Organisation of Petroleum Exporting Countries (OPEC), has said supplies from Nigeria-based world’s largest single-train Dangote Refinery and Petrochemicals will put pressure on the performance of Europe’s oil industry, especially the Northwest Europe (NWE) Gasoil. OPEC in its newly released monthly Oil Market Report for June 2024 listed Dangote Refinery among the top Diesel and jet Fuel suppliers that will disrupt Europe’s oil & gas Industry, a development expert forecasted will positively impact the Nigerian economy. Recall that Standard & Poor Global quoting trading and the ship tracking sources had earlier predicted that Nigeria’s $20 billion Dangote refinery would shake…
In a landmark ruling, the Federal High Court in Kaduna has declined jurisdiction in the suit filed by the immediate-past governor of Kaduna State, Mallam Nasir Ahmad El-Rufai, seeking to set aside the indictment of the Adhoc Committee report of the Kaduna State House Assembly over alleged corruption, among other declaratory reliefs. Delivering two separate rulings before the judgement, Hon. Justice R.M. Aikawa held that the applicant failed to prove any of the circumstances that would warrant setting aside the proceedings of the court as sought for by the Applicant and furthermore, dismissed the application for the judge to recuse…
Following the recent announcement of the duty free policy by the federal government, the Association of Freight Forwarding Practitioners of Nigeria (AFFPON) has called on the Nigerian government to put in place mechanisms that will monitor importers and traders enjoying duty free policy to sell commodities at affordable prices commensurate to waivers they derive. AFFPON added that the price monitoring mechanism will make Nigerians feel the real impact of the duty free policy that is introduced. The call was made by the president of the Association Miftahu Ya’u Bachirawa while responding to questions from newsmen shortly after granting interview with…
Leadership News Former President Olusegun Obasanjo has faulted President Bola Tinubu’s handling of the fuel subsidy removal, stating that it was poorly implemented and has led to biting inflation. The former president suggested that the Nigerian government should have implemented specific measures to cushion the impact on the economy before removing the fuel subsidy. In a recent interview with the Financial Times, Obasanjo said the government should have prepared adequately for the economic impact of the subsidy removal, asserting that it has effectively returned due to rising costs. According to him, the fuel subsidy removed in June 2023 by Tinubu’s…