Infostride News has reported that the Lagos State Government has taken a significant step to address traffic congestion by releasing trucks impounded by the Lagos Traffic Management Authority (LASTMA). The impoundment occurred during a special operation on December 22, 2023, targeting trucks that were causing disruptions in traffic flow along the Cele-Apapa/Tincan axis. This swift action by the government comes on the heels of a midnight operation conducted by the state’s enforcement team, which resulted in the impounding of over 60 illegally parked containerized trucks along Cele, Mile-2, Apapa Oshodi Expressway, inward port access road. In a statement signed by…
Author: Temitope N.
Amidst the festive season’s joyous celebrations, the National Drug Law Enforcement Agency (NDLEA) played a crucial role in safeguarding Nigerian communities from the insidious influx of illicit drugs, particularly in anticipation of Christmas festivities. The agency’s intervention proved highly successful as they managed to intercept shipments containing an alarming 7.5 million tramadol and codeine pills. This significant seizure included millions of tramadol 225mg pills, thousands of codeine syrup bottles, and bags of Canadian Loud. Notably, these substances arrived via Turkish Airlines, lacking a clear country of manufacture or origin. The initial report, disclosed by Femi Babafemi, the Media and Advocacy…
The Lagos State Government has taken decisive action by closing down the renowned Quilox Restaurant Bar Night Club, situated in Victoria Island, citing concerns over safety and environmental infractions. This development was announced by officials from the Lagos State Environmental Protection Agency (LASEPA) and the Lagos State Safety Commission (LSC) through their official communication channels on Sunday. Expressing their stance on the matter, LASEPA and LSC emphasized the need for social centers to operate in a manner that does not compromise the safety and well-being of citizens. The regulatory bodies declared their commitment to imposing sanctions on establishments found in…
For over six decades, since the establishment of the Central Motor Registry by the Nigeria Police Force, the compulsory registration of vehicle information has been a manual process, fraught with numerous challenges. In an effort to combat the increasing sophistication of vehicular crime in the country, the Nigeria Police Force introduced the digitalized Central Motor Registry Information System (e-CMR) in April 2023, aiming for the seamless management of motor vehicles and their ownership details. With the advent of the e-CMR, vehicle owners now have the capability to provide information about their vehicles and ownership remotely, using any internet-enabled device. However,…
In his Christmas Broadcast on December 25, 2023, Governor Siminalayi Fubara of Rivers State affirmed his unwavering commitment to implementing the 8-point presidential peace agreement aimed at resolving the political crisis in the state. Despite facing opposition from various quarters, including individuals and stakeholders who criticized the peace deal initiated by President Bola Tinubu, Governor Fubara expressed his dedication to executing the agreement in a manner that preserves the collective interest of the people and upholds democratic values. Governor Fubara, acknowledging the dissenting voices, emphasized that the peace accord should not be viewed as a “death sentence.” Instead, he portrayed…
The Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, has highlighted the significant impact of the Federal government’s humanitarian assistance initiatives, including Farmer Money, Trader Money, and Conditional Cash Transfer, benefiting a substantial 3.5 million Nigerians. This announcement came during the initiation of the disbursement of N20,000 to vulnerable groups in Cross River state, representing a crucial step in the ongoing efforts to alleviate poverty. Dr. Betta Edu emphasized the multifaceted approach taken by the Federal Government, encompassing initiatives such as the End Hunger Programme and the Skill Acquisition Programme, set to be launched in January. She urged…
Ethiopia has joined the ranks of Ghana and Zambia as the latest African nation to default on its financial obligations, failing to make a $33 million interest payment on its $1 billion bond after the expiration of a grace period on Monday. Situated in the Horn of Africa, Ethiopia was expected to fulfill a $33 million coupon payment on December 11. However, the government decided against making the payment, with Ahmed Shide, Ethiopia’s Minister of Finance, expressing the intent to treat all creditors equally in this matter, as conveyed on state TV last Thursday. Hinjat Shamil, a senior reform advisor…
President Bola Tinubu has extended his appreciation to Rivers State Governor, Siminalayi Fubara, commending his statesmanship amidst the recent political turmoil in the state. This acknowledgment was conveyed during a meeting with the Nigeria Governors’ Forum (NGF) at the president’s residence in Lagos on December 26, 2023. President Tinubu’s public statement marks the first since the political crisis, primarily triggered by the feud between Governor Fubara and Nyesom Wike, erupted in Rivers State. President Tinubu emphasized the crucial need for peace and stability in Nigeria to propel the nation forward. Addressing the assembled governors, he stated, “Nigeria needs peace and…
Infostride News reports that the Anambra State House of Assembly, in a landmark decision, has given its nod to the state’s 2024 Appropriation Bill, a comprehensive financial plan amounting to a substantial N410 billion. This significant approval was granted during a plenary session held in Awka on Thursday, occurring precisely a month after Governor Chukwuma Soludo formally submitted the bill to the legislative body. Mr. Ejike Okechukwu, the Chairman of the House Committee on Finance and Appropriation, presented the report that played a pivotal role in securing the passage of the budget. During the session, Okechukwu confirmed that the budget…
The federal government issued a public apology to the Nigerian populace on Thursday, addressing the prevalent cash crunch across the nation. Minister of Information and National Orientation, Mohammed Idris, conveyed this message during a media briefing held in Abuja. The minister expressed regret over the existing scarcity of naira notes but assured the public that the situation would ameliorate in the coming year. Highlighting that the current shortage of naira notes is not intentional, Idris emphasized that the Central Bank of Nigeria (CBN) is actively engaged in resolving the issue. He assured citizens that there would be an increase in…
In a strategic move to address Nigeria’s housing deficit, the Ministry of Housing and Urban Development has embarked on a groundbreaking initiative by signing a Memorandum of Understanding (MoU) with a consortium of private sector entities. This collaborative effort aims to construct a total of 100,000 affordable housing units across the nation, marking a significant step toward alleviating the housing challenges faced by the country. The momentous signing ceremony took place on December 21, 2023, at the Ministry of Housing headquarters in Abuja. This pivotal event, detailed in an official statement available on the ministry’s website, underscores the commitment of…
The Federal Minister of Information and National Orientation, Mohammed Idris, recently announced groundbreaking achievements resulting from President Bola Tinubu’s international engagements. Speaking at a World Press Conference held at the National Press Centre, Radio House, Abuja, on Thursday, Idris unveiled the substantial impact of Tinubu’s diplomatic efforts, revealing that these endeavors have garnered pledges amounting to over $15 billion in Foreign Direct Investment (FDI) across diverse sectors of the Nigerian economy. This exclusive information, reported by Infostride News and conveyed through a press release by Suleiman Haruna, the Deputy Director of Press for the Federal Ministry of Information and National…
Dr. Betta Edu, the Minister of Humanitarian Affairs and Poverty Alleviation, recently unveiled a bold governmental strategy aimed at lifting 50 million people out of poverty within the next 42 months. This ambitious plan was disclosed during an interview with Channels TV, where Edu highlighted the collaborative efforts involving her ministry and other key government entities to drive economic growth in Nigeria. In her statement, Minister Edu emphasized the deliberate commitment of President Bola Tinubu to various poverty alleviation programs designed to support vulnerable populations across the nation. She outlined the multifaceted approach to achieving this significant poverty reduction goal,…
In a recent revelation by Glovo, Nigeria has solidified its position as the front-runner in local food consumption trends across Africa in 2023. The survey conducted by the on-demand delivery service highlights a remarkable surge of 25 times in local food orders throughout the year, firmly establishing Nigeria at the forefront of this burgeoning consumption trend. The General Manager of Glovo Nigeria, Mrs. Lamide Akinola, unveiled these findings in the company’s annual report, which was released on a Friday in Lagos, as reported by Infostride News. The report not only positions Nigeria as the leader in the African market but…
As the festive season looms on the horizon, the culinary landscape in Nigeria finds itself navigating turbulent waters, marked by the relentless surge in food prices propelled by an ominous 28.20% inflation rate, a figure revealed by the November 2023 data from the National Bureau of Statistics (NBS). This surge has cast a shadow over the joyful anticipation of families gearing up for Christmas celebrations, as the cost of essential ingredients skyrockets, impacting budgets and culinary choices. This inflationary upheaval finds its roots in the intricate web of economic dynamics, notably the escalating transportation costs incurred by farmers and food…
The festive season, a time of joy, festivity, and celebration, is marked by two essential activities that define the spirit of the holidays: the art of culinary creation and the journeying of individuals over significant distances to be with their loved ones. Traditionally, kitchens come alive with the preparation of various local and international dishes, creating a delightful culinary experience that is shared among family and friends. The aromatic blend of spices, the sizzle of pans, and the warmth of shared meals contribute to the festive ambiance that defines the yuletide season. In parallel, this period witnesses extensive travel as…
The Zamfara State Government has officially disclosed its allocation of N7.2 billion for the completion of the ambitious 10-storey Gusau Investment House project. Abdurrahman Tumbido, the Commissioner for Commerce, Industry, and Tourism, shared this information with the press following the defense of the ministry’s 2024 appropriation at the State House of Assembly in Gusau on a Saturday. Commissioner Tumbido elucidated that the completion of the Gusau Investment House stands out as a key project outlined in the Ministry of Commerce, Industry, and Tourism’s proposed budget for the upcoming fiscal year. Governor Dauda Lawal had earlier presented the N423.5 billion Appropriation…
The expense associated with preparing a Christmas meal has surged to approximately 73% of the minimum wage, posing a significant financial burden for the average Nigerian household grappling with the impact of escalating inflation. In a recent analysis conducted by Infostride News, the projected cost of assembling a festive meal, inclusive of fried rice, grilled chicken, and a side dish of vegetable salad for a middle-class family of four, is estimated at around N21,800. This figure becomes notably daunting when juxtaposed against the current minimum wage of N30,000, implying that a staggering 73% of the minimum wage may need to…
The tenure of the Bola Tinubu-led administration, which kicked off energetically post-inauguration on May 29, 2023, has been marked by a series of assertive economic policies. President Tinubu has demonstrated unwavering determination throughout the year, signaling a departure from conventional economic decision-making. This article delves into some of the economic policies enacted by the administration in 2023 and their implications for the holiday season, as explored by Infostride News. **1. 50% Discount on Road Travel and Free Train Rides:** Despite the challenges posed by a soaring inflation rate and the removal of fuel subsidies, President Bola Tinubu took a noteworthy…
Nigerian financial institutions are embarking on a groundbreaking initiative, collaborating closely to pioneer the development and management of a cutting-edge stablecoin known as cNGN. This innovative digital currency is poised to revolutionize the landscape by offering unprecedented benefits to both token holders and the broader Nigerian economy. This exclusive revelation comes from sources deeply entrenched in the matter. The cNGN is set to emerge as a fully-backed stablecoin, maintaining a steadfast 1:1 ratio with the Naira. The official unveiling is slated for 2024, signifying a transformative milestone in the realm of digital currencies. Drawing parallels with established stablecoins like USDT…