Author: New Daily Prime

Lagos State Governor, Mr Babajide Sanwo-Olu on Thursday presented a budget estimate of N3.005 trillion for the 2025 fiscal year to the state House of Assembly. A breakdown of the budget tagged, “Budget of Sustainability” showed that N1 trillion was proposed for Capital budget while N1.2 trillion was set aside in the budget before the lawmakers for recurrent spending in the coming year. The budget proposal presented before the lawmakers on Thursday was about N800 billion higher than the approval granted for 2024. Details later…

The US government made a bold move late Wednesday by requesting a judge to order the dismantling of Google, specifically calling for the sale of its popular Chrome browser, as part of a major antitrust crackdown on the tech giant. In a court filing, the US Department of Justice (DOJ) urged for sweeping changes to Google’s business practices, including banning its lucrative deals that secure Google as the default search engine on smartphones and limiting its use of the Android operating system. The DOJ’s filing also proposed that Google be required to sell Android if its current business practices are…

John Prescott, the former British Deputy Prime Minister who played a pivotal role in the transformation of the Labour Party alongside Tony Blair, has passed away at the age of 86, his family confirmed on Thursday, November 21. Prescott’s death on Wednesday was described as “peaceful,” and he was surrounded by his wife Pauline, his two sons, and the music of jazz artist Marian Montgomery. “We are deeply saddened to inform you that our beloved husband, father, and grandfather, John Prescott, passed away yesterday at the age of 86,” the family statement read. Prescott, a former merchant seaman, trade union…

Edo State Deputy Governor, Dennis Idahosa, has responded to claims of nepotism regarding the recent nomination of Cyril Adams Oshiomhole, the son of former Governor Adams Oshiomhole, as the Commissioner for Health-designate. Idahosa, in an interview on Channels Television, clarified that Cyril’s appointment was based purely on his qualifications and not his family connections. According to Idahosa, Cyril Oshiomhole is a well-educated and experienced medical doctor, having studied both in Nigeria and further pursued his education in the United States. He stressed that Cyril’s appointment was made on merit and competence, asserting, “The fact that he is Oshiomhole’s son does…

The First Lady of Nigeria, Senator Oluremi Tinubu, has called for continued efforts to achieve gender equality, stressing that it is crucial for fostering a peaceful, equitable society and driving sustainable development. She made the call during her keynote address at the 2024 Gender Conference held at the University of Lagos on Tuesday, November 19. Represented by Mrs. Maryam Obadina, Tinubu highlighted the importance of justice, equity, and empowerment in advancing societal progress. “Gender equality is essential for achieving a peaceful and equitable society,” she declared, emphasising that empowering women is vital for economic growth and productivity. Tinubu further noted…

Bauchi State Governor, Bala Mohammed, has raised concerns over the failure of state governments to benefit from the improved revenue generated by Nigeria’s oil sector. Despite the rise in oil revenue, the governor claims that funds are not being properly credited to the Federation Account for distribution among the three tiers of government. The governor, who also serves as the Chairman of the People’s Democratic Party (PDP) Governors Forum, made these comments during a visit by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, ahead of the 2024 Conference for the National Council on Finance and…

Galatasaray striker Victor Osimhen has hailed the late Rashidi Yekini as Nigeria’s greatest striker, despite being on the verge of breaking the legendary forward’s long-standing goalscoring record for the Super Eagles. Osimhen recently equaled Segun Odegbami as Nigeria’s joint second-highest goalscorer with 23 goals, following his strike in the 1-1 draw against Benin Republic last Thursday. However, the 25-year-old still trails Yekini’s impressive tally of 37 goals from 62 appearances for Nigeria, a record that has stood for nearly three decades. In a video posted on social media, Osimhen made it clear that surpassing Yekini’s record would not diminish the…

The Nigerian Senate is expected to approve President Bola Tinubu’s $2.2 billion loan request today, Wednesday, November 20, as part of the government’s strategy to address the N9.7 trillion deficit in the 2024 fiscal year budget. The loan is a crucial component of the external borrowing plan tied to the N28.7 trillion budget proposal for the upcoming year. President Tinubu formally submitted the loan request to the Senate and House of Representatives in separate letters read during the plenary sessions on Tuesday, November 19. The funds will contribute to financing a portion of the budget deficit, which the government has…

President Bola Tinubu has formally written to both chambers of the National Assembly, requesting approval for a fresh external borrowing of $2.209 billion (₦1.77 trillion), as outlined in Nigeria’s 2024 Appropriation Act. This borrowing is part of the government’s broader fiscal strategy to address a portion of the ₦9.17 trillion fiscal deficit in the 2024 budget. In his letter, addressed to Senate President Godswill Akpabio and House of Representatives Speaker Tajudeen Abbas, President Tinubu explained that the borrowing was necessary to finance the budget deficit and is in line with Nigeria’s budgetary financing plan. He emphasised that the borrowing plan…

Hon. Ladi Adebutu, the 2023 gubernatorial candidate for the People’s Democratic Party (PDP) in Ogun State, has been released from the custody of the Department of State Services (DSS). Adebutu was detained earlier this week in connection with alleged security breaches during the local government elections held in Ogun State on Saturday, November 16, 2024. Adebutu, a former lawmaker, was released at around 7 a.m. on Tuesday, November 19, after being invited by the DSS for questioning over his alleged involvement in the disturbances in Iperu, Ikenne Local Government Area, during the election. In a statement he personally signed, titled…