Author: Friday Omosola

The Federation Account Allocation Committee (FAAC) has distributed a whopping sum of N1.727 trillion to the Federal Government, states, and local government councils (LGCs) as Federation Allocation for November 2024. This was disclosed during FAAC’s December 2024 meeting, chaired by Wale Edun, the Minister of Finance and Coordinating Minister of the Economy. The allocation, drawn from a gross total revenue of N3.143 trillion, included contributions from Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference (ED). The Federal Government received N581.856 billion, states were allocated N549.792 billion, and local government councils received N402.553 billion.…

South Korean President Yoon Suk Yeol today announced he would ‘step aside’ following a parliamentary vote to impeach him, urging an end to divisive and confrontational politics. In its Saturday’s report, it was stated that in a televised address, Yoon acknowledged the decision, signaling his temporary withdrawal from the political stage. “Though I must now step aside for a while, the journey toward the future must never come to a stop,” he said. The National Assembly’s impeachment vote saw 204 out of 300 lawmakers supporting Yoon’s removal, with 85 opposing, three abstaining, and eight votes nullified. The president faces allegations…

Empowers 1000 women President Bola Tinubu’s wife, Oluremi, has encouraged girls who dropped out of school due to early pregnancy, abuse, domestic violence, or financial difficulties not to give up on achieving their dreams. Oluremi Tinubu made the appeal yesterday during the commissioning and handover of the Alternative High School for Girls in Osogbo, Osun State. The school, established under the Renewed Hope Initiative (RHI) in collaboration with the Universal Basic Education Commission (UBEC), is part of the RHI Access to Education for All Programme. It is designed to offer a second chance at formal education to girls and women…

Governor Caleb Mutfwang of Plateau State has said that the state is open for both local and foreign investors, emphasising its readiness to transform livestock production into a major revenue earner. In a statement today ,Gyang Bere, the Director of Press and Public Affairs to the governor, said he made this commitment during a strategic meeting held yesterday at the New Government House, Rayfield, Jos. The session which featured delegations from the World Bank and the Federal Government, focussed on the Livestock Productivity and Resilience Support Project (L-PRES). Mutfwang highlighted the state’s comparative advantage in livestock farming and announced plans…

Vice President Kashim Shettima today departed Abuja for Dubai, United Arab Emirates,(UAE), to represent President Bola Tinubu at the commissioning of a Nigerian owned $315 million oil production and storage facility. In a statement, Stanley Nkwocha, the Vice President spokesperson, said the project, owned by Oriental Energy Limited, a Nigerian oil and gas company, will be commissioned tomorrow. Following the Dubai event, Shettima will travel to Saudi Arabia to perform the Lesser Hajj (Umrah) in the holy cities of Madinah and Makkah from December 16 to 19, 2024. While in Jeddah, he will also meet with the President of the…

To ensure fair and efficient pricing for mini-grid projects in the country,theNigerian Electricity Regulatory Commission (NERC) has adopted the African Forum for Utility Regulators (AFUR) Mini-Grid Tariff Tool.A statement posted on NRRC’s X page today said the adoption was in collaboration with AFUR and key stakeholders. NERC added that the tool has been designed to simplify the process of determining cost-reflective tariffs for mini-grid operations. One of its standout features is the introduction of Portfolio Applications, which enables developers to register multiple mini-grid sites under a single application. This innovation, the Commission said, promotes regulatory efficiency, reduces end-user tariffs, and…

The National Emergency Management Agency (NEMA) has embarked on a nationwide sensitization campaign to enhance grassroots disaster management capabilities, with a focus on fire prevention awareness. The initiative, driven by NEMA’s Zonal, Territorial, and Operations Offices, aims to equip communities with essential knowledge and skills to respond effectively to fire emergencies. The campaign comes as the harmattan season approaches, a period characterized by dry and windy conditions that significantly heighten the risk of fire outbreaks. These conditions not only threaten lives and properties but also pose serious environmental hazards. As part of the programme, NEMA is training grassroots emergency management…

Governor, Mohammed Bago of Niger State has presented a budget proposal of over N1.5 trillion for the 2025 fiscal year to the State House of Assembly. The proposed budget, themed “Hope for Sustainability and Food Security”, outlines the administration’s priorities for the coming year. Bago announced the budget on his X page, highlighting its focus on fostering economic growth and addressing critical needs across various sectors. The budget allocates over N196 billion for recurrent expenditures and more than N1.3 trillion for capital projects, underscoring a commitment to development-driven governance. According to the governor, the 2025 budget represents a 48.3 per…

The National Economic Council (NEC) has called on state governments to adopt the initiatives of the Presidential Food Systems Coordinating Unit (PFSCU) to address Nigeria’s food security challenges and their root causes. The resolution was reached yesterday during the 147th NEC meeting, presided over by Vice President Kashim Shettima at the Presidential Villa in Abuja. Highlighting the level of progress made so far, Shettima stated that the reforms and interventions rolled out by the federal government in 2024 were yielding results. “The recent GDP growth of 3.46% in Q3 2024 is a testament to our collective sacrifices,” Shettima said, urging…

By Friday OmosolaThe Ekiti Agro-Allied International Cargo Airport (EAICA) in Ado-Ekiti to received the Nigeria Civil Aviation Authority’s (NCAA) approval to begin non-scheduled flight operations on December 15, 2024. In a letter dated December 11, 2024, addressed to the Ekiti State Governor, Biodun Oyebanji, the NCAA granted the airport permission to operate under Visual Flight Rules (VFR) for six months, from December 15, 2024, to June 15, 2025. The approval, signed by the Acting Director General of Civil Aviation, Capt. Chris Najomo was in response to the state government’s application for a flight operational permit. The NCAA noted that the…