Electionhe Chukwuma Soludo Campaign has been briefed on a publication by the Independent National Electoral Commission (INEC) where Honourable Chukwuma Umeorji has been published as the candidate of the All Progressives Grand Alliance (APGA) in the November 6, 2021 gubernatorial election in Anambra State. The INEC publication is based on a judgment by a High Court in Jigawa State and the electoral body sensibly wrote that its inclusion of Umeorji as a candidate in the election is “By Judgment.” Our millions of supporters in Anambra State and elsewhere in the world are advised not to be dispirited by the publication…
Author: Temitope N.
The World Bank’s June 2021 77-page Nigeria Development Update instructs in particular federal economic policy formulators and implementors that “rising prices alone – even without incorporating the direct impact of COVID-19 on welfare – pushed an estimated seven million Nigerians below the poverty line in 2020.” The corollary is focus by the apex bank on attainment of the principal object which mandates it to “ensure monetary and price stability” that alone would have brought about the desirable outcome of successfully keeping seven million Nigerians (who were on or near the border line) from slipping into extreme poverty in 2020. It…
Holds MPC meeting in Abuja Ahead of its Monetary Policy Committee (MPC) meeting holding today and tomorrow in Abuja, the Central Bank of Nigeria (CBN) has reiterated the resilience, safety and soundness of the nation’s deposit money banks (DMBs) and other financial institutions under its supervision. Addressing journalists at the weekend in the Federal Capital Territory (FCT), the apex bank’s Acting Director, Corporate Communications Department, Osita Nwanisobi noted that the Nigerian banking system had proven to be very sturdy in spite of the global challenges posed by the COVID-19 pandemic. He made the clarification following media reports in some quarters…
Lasaco Assurance Plc has paid a total of N364 million as a death benefit to relatives of the late staff of Lagos State Universal Basic Education Board (SUBEB) and local governments in the state. At the presentation of the first batch of the payment, the Commissioner, Ministry of Local Government and Community Affairs (MLGCA), Dr. Wale Ahmed, said the Lagos State Government gave priority to payments of staff and ensured that it owed nobody. Ahmed, who was represented by the permanent secretary of MLGCA, Kikelomo Morenikeji Sanyaolu, added that 159 relatives of the deceased were going to be presented…
Barely two years after the resumption of Value Added Tax (VAT) to the stock market, investors have returned about N30 billion into government coffers. The amount includes the 10 per cent withholding taxes remitted to the government, despite market operators groaning under the weight of double taxation. The Federal Government, had in 2014, granted a tax holiday on all stock market transactions, a deliberate action to reduce the high cost of transactions in the market and make it more attractive to investors. However, at the expiration of the tax exemption on July 24, 2019, dealing members were mandated to charge…
Environmental health scientist, Dr. Umar Kwami says more Nigerians must embrace the culture of good personal and public hygiene to curb the spread of infections. According to Kwami, a cleaner environment is crucial to curbing the spread of diseases in the country. Kwami, an Environmental Health Superintendent and Waste Manager with the Gombe State Environmental Sanitation and Protection Agency, stressed that proper and regular cleaning of the environment will help reduce diseases and sickness. He made this plea on Saturday, in an interview with journalists in Bolari, Gombe, after participating in an environmental sanitation exercise organised by the National Youth…
Health experts have warned that smoking shisha is far more dangerous to health than smoking cigarettes. The experts stressed that contrary to the belief held by many people that shisha is less harmful than cigarette, a puff of shisha contains more toxins than a cigarette Shisha is a form of tobacco smoking that has become fashionable in society, with manywho do not smoke cigarettes embracing it. It is considered a better alternative to cigarettes. It is also called hookah, waterpipe, or goza. According to news-medical.net – an online medical media site – the practice of smoking shisha involves burning charcoal…
When the Liquefied Natural Gas, LNG, Train 6 was completed in 2008, close observers had anticipated that Nigeria would immediately go ahead with the construction of Train 7, expected to increase the LNG output to 30 million metric tonnes, MT per annum, from 22 million MT. A number of reasons accounted for this expectation. The first is that the Train was widely discussed and embraced as a step in the right direction towards the diversification of the nation’s economy. Second, previous trains had already launched Nigeria into the league of global exporters, thus justifying additional expansion. Third, increased investment was…
The interventions which are part of Federal Government’s effort to ease liquidity challenges and improve infrastructure in the Nigerian Electricity Supply Industry were expected to improve supply to consumers. Checks on fourth-quarter economic report (4Q’2020) of CBN showed that the interventions include, Power and Aviation Intervention Fund about N300 billion, Nigerian Electricity Market Stabilisation Facility, NEMSF, at N213 billion, about N140 billion Solar Connection Intervention Facility, over N600 billion tariff shortfall intervention as well as a recent N120 billion intervention designed for mass metering among others. The CBN interventions were also necessitated by the inability of the sector to finance…
The nation’s rice revolution has received a boost as Fevick Resources, a private concern, has provided loans to 1, 000 women and youths to undertake massive rice cultivation across the nation. The Project Coordinator of Fevick Resources, Mr. Samuel Adeshina, told journalists in Abuja, yesterday, that the new wet-season rice farming project would link farmers to new technologies and high-yield seedlings. He said that 1, 000 women and youths who are to participate in the novel wet-season rice planting project, have been identified According to him, the rice transformational programme would empower clusters of women and youth Agripreneurs farming together…