OWERRI — Ex Imo state governor, Ikedi Ohakim has declared openly his defection to the All Progressive Congress (APC) on Tuesday. An event was held to celebrate his defection at his hometown which is located in Isiala Mbano LGA, Imo state. Ohakim mentioned that he had joined the ruling party at the ward level months ago and the event was only to publicize his decision He pointed out that the decision was taken after several...
Kogi state governor Yahaya Bello, has urged Nigerian youths to actively participate in the political affairs of the country. According to him, the youths have not exhibited a strong desire to take over the presidency as they should. Bello while speaking at a conference in Ogun state on Tuesday said youths should work towards clenching power from the elders ahead of the 2023 elections. The governor who was represented by Folasade Ayoade, secretary to the...
The Central Bank of Nigeria has chosen to keep the monetary policy rate at 11.5 per cent, with the assymetric corridor of +100/-700 basis points around the MPR. Godwin Emefiele, the CBN governor disclosed this on Tuesday at the end of the Monetary Policy Committee meeting that began on Monday. Emefiele noted that the bank also retained other parameters as the Monetary Policy Committee (MPC) voted to keep the Cash Reserve Ratio (CRR) at 27.5...
LAGOS — Nigeria’s pension fund assets rose to N12.66 trillion in June while the contributors under the Contributory Pension Scheme (CPS) hitting the 9.38 million mark. DG National Pension Commision (PenCom), Aisha Dahir-Umar, indicated this while address Journalists at a Workshop held in Lagos on Monday. According to the DG, the consistent growth trajectory of the assets rationalized the commission’s overriding investment philosophy of ensuring the safety of pension fund assets. “COVID-19 has engendered socio-economic...
LAGOS — World Bank ranked Nigeria’s revenue to Gross Domestic Product (GDP) ratio as the lowest in the world. The organisation also said Nigeria ranks sixth from the bottom in terms of the human capital index produced every year. World Bank country director for Nigeria, Shubham Chaudhuri disclosed this on Monday during a panel session at a virtual public sector seminar organised by the Lagos Business School (LBS). The director emphasized the importance of diversifying...
The PDP Governors Forum (PDF) has scheduled a meeting for all its members in Bauchi state. The meeting which is slated for today (Monday) will provide an avenue for PDP governors to ponder on the current situation of the country. Bauchi State Governor, Bala Mohammed, will be the Chief Host, while the Forum Chairman, Governor Aminu Tambuwal of Sokoto State, would preside over the meeting. In a statement issued by the forum on Sunday, the...
NEW YORK — Nigeria is expected to receive over 7,000 artifacts plundered from the Benin Kingdom. These artifacts are to be repatriated by Germany to Nigeria before October according to the Ministry of Foreign Affairs. The Permanent Secretary, Gabriel Aduda, disclosed this at the Inaugural Nigerian Cultural Show held at the Cultural Centre, Nigeria House, New York. He noted that the repatriation of the artifacts will be used to build an ultramodern museum in Edo...
KADUNA — Zamfara state governor, Bello Matawalle has called on Northern states governors to adopt workable solutions and ensure that there is an increased effort in the fight against insecurity. Matawalle blamed the governors for the worsening security situation in the north, noting that the lack of cooperation among them is an underlying factor. The governor said this on Sunday while speaking at the annual lecture of the Arewa Media Writers Association in Kaduna. Matawalle...
ABUJA — President Mohammed Buhari has signed into law the 2021 Supplementary Appropriation Bill. The supplementary budget which had earlier been passed by the National Assembly was summed to N983 billion (N982,729,695,343) and will be used to fund security and health concerns. Umar El-yakub, senior special assistant to the president on the National Assembly (House of Representatives) disclosed the development to journalists on Monday. Speaking on the bill, Zainab Ahmed, minister of finance, budget, and...
ABUJA — 158 projects were incorporated into the public-private partnership (PPP) pipeline projects within 2020 by the federal government according to the Infrastructure Concession Regulatory Commission (ICRC). ICRC is an agency responsible for the regulation and implementation of Public-Private Partnership which is focused on promoting the provision of infrastructure services. The projects were incorporated across different sectors of the private-public partnership. This was indicated in the commission’s annual report and accounts for 2020. “These projects...
