After holding a public hearing with stakeholders, the committee submitted its report for deliberation and approval by the Senate. In his report, Abaribe presented 10 recommendations to the Senate and urged it to prevail on the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of MYTO, 2024 which approved over 200 percent upward review…
Portable was arrested on Tuesday in the Abule Egba area of Lagos for allegedly refusing to pay the balance of a G-Wagon vehicle he purchased from a car dealer. Portable crooner was reported to have bought the vehicle worth ₦27 million but paid only ₦13 million, with ₦14 million balance. Portable in a viral video,…
The Lagos State Government has announced an initiative in which it would partner with an international organisation to provide opportunities in Information and Communications Technology (ICT) for one million youths. The Commissioner for the Ministry of Youth and Social Development, Mobolaji Ogunlende, made this known on Wednesday, in Ikeja. He spoke during the ongoing Ministerial…
This represents an increase of 200 basis points from 32 per cent recorded in March 2024, according to an analysis of the Consumer Price Index report released by the National Bureau of Statistics on Wednesday. The Federal Government had ruled out the importation of food as part of strategies to address the high costs of…
The Presidential Fiscal Policy and Tax Reforms Committee (PFPTRC) set up by President Tinubu has hinted of plans to revolutionise Nigeria’s tax system, exempting 95% of the informal sector from all taxes. The Chairman of the Committee, Taiwo Oyedele, who disclosed this to newsmen at the weekend at the end of the close-out retreat of…
Atiku Abubakar, former Vice President of Nigeria, has denounced the federal government’s plan to utilize N20 trillion from pension funds for infrastructure projects, deeming it unlawful. In a Wednesday statement on his social media platform, Atiku emphasized that the law stipulates only 5% of the fund can be allocated to infrastructure projects. He voiced concerns…
President Bola Tinubu has launched three vital gas infrastructure projects in Nigeria, aimed at harnessing the country’s gas resources to drive economic growth and industrialization. The projects include the AHL Gas Processing Plant 2 (GPP-2), the ANOH-OB3 CTMS gas pipeline project, and the ANOH gas processing plant. These projects, completed in just 11 months, will…
The Minister of Women Affairs, Uju Kennedy-Ohanenye, has petitioned the Inspector-General of Police (IGP), Kayode Egbetokun, seeking his support to stop the planned marriage by the Speaker of Niger State House of Assembly, Abdulmalik Sarkindaji Kennedy-Ohanenye also filed for a court injunction to stop the planned marriage of 100 orphans said to be children by…
The federal government has outlined plans to tap from locally available funds such as pension and life insurance to develop infrastructure in the country. Minister of Finance and coordinating minister for the economy, Wale Edun, disclosed this while briefing correspondents at the end of the two-day meeting of the Federal Executive Council (FEC) presided over…
The Lagos State Police Command, on Tuesday, arrested controversial musician, Habeeb Okikiola, popularly known as Portable, for refusing to pay the debt he incurred when he purchased G-Wagon from a car dealer in the state. It was gathered that Portable, during the purchase of the vehicle worth N27m, paid only N13m and had refused to…
