Author: Friday Omosola

The Minister of State for Finance, Doris Uzoka-Anite, has reaffirmed the federal government’s (FG) commitment to sound fiscal management and sustainable economic development through the introduction of the revised policy on Cash Management and Bottom-Up Cash Planning. Uzoka-Anite made the statement during the Stakeholders Review Meeting on the Implementation of the Revised Policy on Cash Management and Bottom-Up Cash Planning Protocols, held in Abuja.  The Minister emphasised that the revised policy, introduced in 2024, marks a critical milestone in the government’s efforts to streamline fiscal management and promote economic growth. “This policy represents a pivotal step in ensuring that funds…

The Economic and Financial Crimes Commission (EFCC) has called for stronger collaboration with student union leaders from institutions of higher learning across Nigeria in the battle against economic and financial crimes, particularly internet fraud.  This plea was made by EFCC Chairman, Ola Olukoyede, during an interactive session with the Student Union Executives of the University of Benin, Benin City, Edo State. Speaking through the Acting Zonal Director of the Commission’s Benin Directorate, Assistant Commander of the EFCC, ACE I Effa Okim, Olukoyede emphasised the importance of student leaders in the fight against internet fraud, which has tarnished the country’s image. …

President Bola Tinubu has signed into law the bill establishing the Federal University of Environmental Technology, Ogoni, in Rivers State. Tinubu’s Special Adviser on Public Communications and Media, Daniel Bwala, announced this in a statement on his X page on Monday.   He stated that President Tinubu’s Renewed Hope administration is committed to correcting past injustices and establishing institutions to prevent future segregated developments. Bwala said: “I am pleased to inform Nigerians that MrPresident Bola Tinubu has assented to the bill establishing the Federal University of Environmental Technology, Ogoni, in Rivers State. READ ALSO: Igboho urges Tinubu to caution Shettima over…

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has praised NEV Electric, an indigenous electric vehicle company under Brilliant Model Technology, for its groundbreaking contribution to Nigeria’s transportation sector. During a firsthand experience with NEV Electric’s buses yesterday, Edun commended the company’s innovation in sustainable mass transit, which aligns with President Bola Tinubu’s Renewed Hope Agenda for cleaner and more efficient transportation across the country. He emphasised that the initiative holds significant potential to create jobs, enhance energy security, and improve urban mobility. READ ALSO: Finance Minister unveils anti- poverty plans The minister highlighted that such innovations…

The Lagos State Government has reiterated its zero-tolerance stance against child trafficking, particularly the illegal buying and selling of children, vowing to intensify efforts to protect the rights and welfare of every child in the state. Commissioner for Youth and Social Development, Mobolaji Ogunlende, made this declaration at a press briefing at the Zone II Police Command Headquarters in Onikan, Lagos.  The event also marked the handover of several rescued children from the Nigeria Police Force to the Ministry. Commending the police for their efforts, Ogunlende revealed that five children—Marvelous Obi (M, 1 year old), Promise Ifekwuna (M, 3 years…

The Federal Inland Revenue Service (FIRS) has introduced new withholding tax regulations aimed at improving tax collection, increasing compliance, and boosting government revenue to support economic growth. In a statement released yesterday, Collins Omokaro, Special Adviser on Communication and Advocacy to the Executive Chairman of FIRS, highlighted that the updated system is designed to enhance efficiency, ensure transparency, and promote accountability among businesses and employers.   The new framework mandates the deduction of taxes at the point of payment for various transactions, including salaries, rent, professional fees, and dividends. By placing the responsibility on businesses and employers to withhold and remit…

Lagos State Governor, Babajide Sanwo-Olu, has urged heads of government agencies and parastatals to renew their commitment to making the state not only Nigeria’s commercial hub but also a model of good governance and sustainable development for Africa. Speaking through the Commissioner for the Environment and Water Resources, Tokunbo Wahab, at the closing ceremony of the maiden retreat for agency heads held at Jubilee Chalet, Epe, Sanwo-Olu emphasised the need for an unwavering focus on delivering exceptional results.   “I want to express my sincere gratitude to each of you for your tireless dedication and service to the people of Lagos.…

The Federal Government (FG) has announced that Nigerians should expect an increase in electricity tariffs in the coming months as part of efforts to improve the country’s power sector.   President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, disclosed this in an interview in Dar es Salaam, Tanzania, during a World Bank-backed conference where Nigeria presented a $32 billion electricity expansion plan to boost power connections by 2030. The plan is expected to attract$15.5 billion from private investors, while the remaining funds will come from public sources, including the World Bank and the African Development Bank. Verheijen explained that Nigeria’s…

The Socio-Economic Rights and Accountability Project (SERAP) has called on President Bola Tinubu to order an investigation into allegations that over N26 billion in public funds were misappropriated, diverted, or stolen from the Petroleum Technology Development Fund (PTDF) and the Federal Ministry of Petroleum Resources in 2021.   SERAP’s demand follows revelations from the 2021 audited report released by the Office of the Auditor-General of the Federation on November 13, 2024. The organization urged the President to direct Attorney General Lateef Fagbemi, and anti-corruption agencies to investigate the claims and prosecute anyone found responsible. In a letter dated February 1, 2025,…

Former Kaduna State Governor, Nasir El-Rufai, has reaffirmed his stance on political integrity, stating that he does not engage in the kind of pretense often associated with some politicians. El-Rufai made this remark on Saturday while responding to an X user, Engr Ira Habib, who praised his book, ‘The Accidental Public Servant’.  The user noted that after reading the book, he concluded that no politician would want El-Rufai in their cabinet unless they were genuinely committed to national development. Reacting to the post, El-Rufai appreciated the compliment and emphasised that he has never been one to feign allegiance or play…