Author: Alade Adisa

Governors of Nigeria’s 36 states under the platform of the Nigeria Governors’ Forum (NGF) have finally thrown their weight behind the proposed tax reform bills currently at the national assembly. The governors made this known at the end of a meeting of subnational consultations and engagement in Abuja with the Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, The NGF, in a communique signed by its Chairman and governor of Kwara State, AbdulRahman Abdul Razaq, said the Forum endorsed a revised Value Added Tax (VAT) sharing formula to ensure equitable distribution of resources of 50% based…

Eze Ndigbo of Ajao Estate, Lagos, Frederick Nwajagu has been acquitted of terrorism charges by Lagos State High Court sitting at Tafawa Balewa Square. On April 5, 2023, a Lagos State Magistrates Court in Yaba ordered Nwajagu’s remand at the Ikoyi custodial centre, while subsequent efforts to secure his bail were denied by the Lagos State High Court. Nwajagu was accused of threatening to invite members of the Indigenous People of Biafra (IPOB) to Lagos to protect the lives and property of Igbo people if the Federal Government failed to safeguard them against attacks. However, the court, convicted and sentenced…

Governor Hope Uzodimma of Imo State, his Bayelsa counterpart, Douye Diri, and Speaker of the House of Representatives Abbas Tajudeen are among the 568 Nigerians and companies whose land allotments in Abuja have been revoked by the Minister of the Federal Capital Territory (FCT), Nyesom Wike. The revocation includes plots held by political figures, government officials, former governors, lawmakers, and several companies. Notably, former Cross River State governor, Ben Ayade, Senate leaders like Opeyemi Bamidele and Abba Moro, and other political figures such as Ibrahim Hadejia and Abike Dabiri-Erewa are affected. The revocations follow a public notice by the Federal…

The production of Premium Motor Spirit (petrol) by the Dangote Petroleum Refinery is having a poignant impact on the PMS market in Europe, the Organisation of the Petroleum Exporting Countries (OPEC) has said. Before the commencement of operations in January 2024, and the production of PMS nine months later at the 650,000-capacity Dangote refinery, the country had relied solely on importation for its fuel needs. Since it started production, the refinery has exported petrol, diesel, and aviation fuel to other countries within and outside Africa. A report by OPEC on Wednesday stated that the emergence of Dangote refinery has reduced…

The Emir of Kano, Muhammadu Sanusi has said he has decided not to offer any help whatsoever, especially concerning the economy, to the administration of President Bola Tinubu anymore. The Emir spoke at the memorial lecture of Chief Gani Fawehinmi in Lagos on Wednesday. The lecture, with the theme, “Bretton Woods and the African Economies: Can Nigerians Survive Another Structural Adjustment Programme?” was organised by Nigerian Bar Association (NBA) Ikeja Branch. He was the chairman at the lecture. The former governor of the Central Bank of Nigeria said, “I have decided not to speak about the economy or the reforms,…

The Minister of Communications and Digital Economy, Bosun Tijani, has said that Nigerians will have to pay 30-60 percent more for calls, data, and other services in the telecommunications sector. Tijani disclosed this in a recent interview with Channels Television. According to him, the telecommunications sector is entirely about investment to spur Nigeria’s economic growth. He noted that investors in the sector continuously invest in equipment to remain relevant despite inflation. “I think the telecommunications tariff increase should not be more than 30 to 60 percent. “The sector is about investment in infrastructure; the technologies are changing, so you have…

In consideration of the prevailing economic hardship, the Federal Government has announced plans to distribute N75,000 cash to about 70 million ‘poorest of the poor’ Nigerians by 2025. The Minister of Humanitarian Affairs and Poverty Reduction, Prof Nentawe Yilwatda disclosed this during his appearance on The Morning Show on Arise Television on Wednesday. According to Yilwatda, the ministry aims to deploy the programme across 36 states of the Federation by the end of January 2025, targeting the registration of up to 18.1 million Nigerian households through the National Identity Number (NIN) system. “We want to deploy by the end of…

The House of Representatives Deputy Chief Whip, Hon. Adewunmi Oriyomi Onanuga, popularly called Ijaya, is dead. Onanuga, who represented the Ikenne/Sagamu/Remo North Federal Constituency of Ogun State passed away on Wednesday, January 15, 2025, after a brief illness. This was confirmed in a statement by the House Spokesperson, Akin Rotimi. According to him, Onanuga, born on December 2, 1965, was a dedicated public servant, a visionary leader, and a passionate advocate for her constituents. She was first elected to the House in 2019 on the platform of the All Progressives Congress (APC). During that tenure, she served as Chairperson of…

Nigeria, a West African country with the largest population on the continent, ranks fifth among the top 10 African nations with the highest number of citizens willing to migrate to other countries. According to a survey conducted by Gallup, 51% of Nigerian citizens expressed interest in leaving the nation. Several factors contribute to citizens or residents of a country deciding to emigrate. These factors often include poverty, poor governance, corruption, inadequate remuneration, insecurity, and other socio-economic challenges. One of the most significant impacts of emigration on the home country is the loss of skilled labour, commonly referred to as “brain…

….As INEOS transfer strategy takes shape following Dan Ashworth exit Manchester United are on the verge of completing the first signing of the Ruben Amorim era as INEOS’ transfer strategy takes shape. ·Leon in Manchester to complete his medical·Teenager set to become Amorim’s first signing·Will join the club in July 2025·WHAT HAPPENED? 17-year-old Paraguayan left-back, Diego Leon has arrived in Manchester ahead of his medical. The club are then expected to formally announce their first signing of Amorim’s tenure at Old Trafford, according to Fabrizio Romano. The young left-back will join from Paraguayan top division side Cerro Porteno. United have…