The Federal Government is targeting $40billion private capital investments in digital infrastructure and facilitating the formation of up to $1 billion in private equity. The government estimates public investment of N150billion, according to National Development Plan 2021-2025 obtained by The Nation yesterday. According to the document, the 2017-2020 period recorded increased investment in infrastructure development, … [Read more…]
It is a season of declarations for the presidential race ahead of next year’s elections. Take a look at the number of aspirants that have joined the race on various political platforms and their antecedents There had been a lot of speculations and subterranean moves in the last year by many politicians across the political … [Read more…]
Opinion: Gov. Ugwuanyi has Scored an Incredible Political Goal. By Buchi Nnaji One of the attributes of a good leader is the ability to raise more leaders from the younger generation. Unfortunately, that quality as important as it is, is scarce among the current generation of Nigeria leaders. Some of our leaders today are best … [Read more…]
The Federal Government on Monday met with oil marketers in the downstream sector to perfect plans for the full deployment of autogas in filling stations and the conversion of 200,000 commercial vehicles to run on gas this year. At the meeting, which was convened in Abuja by the Minister of State for Petroleum Resources, … [Read more…]
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said yesterday that the Federal Government has suspended removal of fuel subsidy. She said the government had made provisions for subsidy in the 2022 budget from January to June this year, adding that government will forward a request to the National Assembly to make additional … [Read more…]
Independent National Electoral Commission (INEC), yesterday, called on both chambers of the National Assembly to harmonise and speedily pass the amended Electoral Act Bill. INEC said it was already racing against time with regard to preparations for the 2023 general election, noting that the framework was needed to back up its actions. National Commissioner, … [Read more…]
Two non-governmental organisations, the Coalition for Good Governance and Economic Justice in Africa and the Unity Project Nigeria have, this weekend, jointly condemned the gruesome murder of Hanifa, a five-year-old pupil who was abducted and eventually murdered by the proprietor of the primary school she attended in Kano. Describing the incident as a “harrowing … [Read more…]
Nigerians seem to be at crossroads over the move by the Federal Government to suspend payment of subsidy on Premium Motor Spirit (PMS), popularly called petrol. President Muhammadu Buhari had in August 2021 signed the Petroleum Industry Bill into law, signaling an end to petrol subsidy. But in what looks like a dramatic twist, … [Read more…]
A new amendment to the Electoral Act has precluded the possibility of voters challenging credentials submitted to the Independent National Electoral Commission by candidates, The PUNCH has learnt. The proposed law, if signed by the President, Major General Muhammadu Buhari (retd.), will allow only those who participated in the party primary to challenge in court, … [Read more…]
Nigeria’s economy, particularly the financial sector is faced with the risk of increased capital outflow in 2022 given the proposed interest rate hike by the United States of America’s Federal Reserve Bank (US Fed), equity researchers have said. Additionally, they said the rate hike would increase the cost of foreign borrowing for Nigeria and possibly … [Read more…]
Former Commissioner of Information in Edo State and a member of opposition Peoples Democratic Party, PDP, Mr. Kassim Afegbua, has said former Vice President Atiku was not qualified to contest the 2023 presidential election on account of old age. He said PDP could not keep giving its ticket to Atiku, saying it would be … [Read more…]
Opinion: David Umahi Vying for Presidency – Genius or Blunder By Dele Sobowale “Luck is what happens when preparation meets opportunity.” When Chief David Umahi, Governor of Ebonyi State, decamped from the Peoples Democratic Party, PDP, on whose ticket he was elected, to the All Progressives Congress, APC, my first instinct was to denounce his … [Read more…]