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The   National Economic Council   (NEC) has agreed that the plan to remove petrol subsidy should not be executed yet.  It however said all preparatory plans with various segment of government, including States and the incoming administration should be intensified. Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who disclosed these to journalists after the Valedictory NEC meeting presided over by Vice President Yemi Osinbajo, at the Presidential Villa, Abuja, however added that Council agreed that the subsidy regime must be removed eventually as it is not sustainable. “Today I was in the National Economic Council, where we discussed the issue of post-subsidy removal. Council agreed that the timing for the removal of subsidy should not be now, but that we should continue with all of the preparation works that needs to be done and that this preparation work has to be done in consultation with the states and other key stakeholders, including representatives of the inc

The  World Bank ’s latest Commodity Markets Outlook has shown that high food prices are compounding food insecurity. The report released in Washington DC on Thursday, however, predicts that global commodity prices should decline by 8 per cent this year at the fastest clip since the onset of the COVID-19 pandemic. The pandemic, it said, has clouded the growth prospects of almost two-thirds of developing economies that depend on commodity exports. The drop in prices is expected to relieve nearly 350 million people across the world who face food insecurity. The World Bank’s Chief Economist and Senior Vice President for Development Economics, Indermit Gill, said: “The surge in food and energy prices after Russia’s invasion of Ukraine has largely passed due to slowing economic growth, a moderate winter, and reallocations in the commodity trade.  But this is of little comfort to consumers in many countries. In real terms, food prices will remain at one of the highest levels of the past five

The 36 states governors are to meet  President Muhammadu Buhari  to discuss with him on the need to present new revenue formular to the 9th National Assembly for passage into law before the end of his administration. Chairman of the Nigeria Governors’ Forum (NGF), Gov. Aminu Tambuwal of Sokoto State, disclosed this while speaking with newsmen after the forum’s meeting on Wednesday in Abuja. Tambuwal said that the governors discussed issues that bordered on national, sub-national, democracy and good governance, including the need for timely release of the collected stamp duties warehoused in the Central Bank of Nigeria (CBN) for disbursement. “Today, we discussed the guidelines by the Nigerian Financial Intelligence Unit (NFIU) on financial regulations that it is working on in ensuring that Nigeria is taken out of grey lists of the financial tax force. “We also discussed the issue of Primary Healthcare Seattle Declaration and the progress made so far. During our induction course, some s

Mixed reactions have greeted the planned hike of subscription rates announced by pay Tv company, Multichoice, in Nigeria.  The National Association of Nigerian Students ( NANS ), Southwest Zone gave the pay-tv firm a seven-day ultimatum to reverse its planned hike. Opposing the subscription hike, NANS said the South African company was bringing hardship on, and extorting Nigerians, without considering their standard of living.  Its also  noted that tariffs should be charged on a “pay as you view”.  Also, a social media user, @AsiwajuLerry, said: “The only reason DSTV keep getting away with this ridiculous subscription rates with no significant value is because they have no competition in Africa. Lola Okunrin in a protest tweet said: “Can we just agree to boycott Multichoice and their products (DSTV and GOTV)? “The increment in tariffs is getting too much. After every market day, they increase the price while showing the same movie over and over and over again till you know the next sce

The Police Service Commission (PSC) has approved the dismissal of three Assistant Superintendents of Police, (ASPs). The Commission also reduced the rank of an Assistant Commissioner of Police, Chief Superintendent, two Superintendents and one Assistant Superintendent. PSC also approved the severe reprimand of an Assistant Commissioner of Police, a Chief Superintendent of Police, four Superintendents, two Deputy Superintendents and 12 Assistant Superintendents. These were high points of the 20th plenary meeting of the Commission on Wednesday at the Corporate Headquarters of the Commission in Jabi, Abuja presided over by the Commission’s Chairman and former Inspector General of  Police , Dr. Solomon Arase. According to a statement by the Head, Press and Public Relations, PSC, Ikechukwu Ani, the Commission also approved the punishment of reprimand to six Officers, one Superintendent and five Assistant Superintendents.

By Araba, Olawale Enifenilanfe . On Tuesday, April 25th, 2023, The Lagos-east senatorial district senator, Senator Mukail Adetokunbo Abiru, and Hon Babajimi Adegoke Benson, MHR, representing  Ikorodu Federal Constituency alongside The Honourable Speaker of the House of Representatives, Rt Hon Femi Gbajabiamila, APC National Chairman, Distinguished Senator Abdullahi Adamu, Distinguished Senator Godswill Akpabio paid a courtesy visit to the Abuja residence of The APC Leader and President-Elect of the Federal Republic of Nigeria, Asiwaju Bola Ahmed Tinubu. They discussed the issues of national importance, particularly about his lofty plans for our great nation Nigeria.  At the Abuja residence the National House of Legistors and Representatives applauded Asiwaju Bola Ahmed Tinubu for his strategic plan. They said Asiwaju Tinubu is very passionate about taking Nigeria to greater heights through peaceful coexistence with global investors from Nigeria to the world to attract world investors t

Conflict of threat Within The APC Political Arena Prompted Lose To Some Opposition Parties. ”A house divided against itself will not stand or encourages unity among Institutions at all levels”. In a discussion with the APC North-West  V ice Chairman, Mallam Semiu Lukmon at the Journalist Hangout programme on Friday, April 21st, 2023.  - ”Your Party seems to be more on the crisis across, the senate election should have won, why is it such a problem in the APC?  - Saliu said that is a mare vexation and not a crisis; this is not the first time we’ve been through such vexation issues. The Party is responsible for the change of leadership in the party, at least twice. Nigeria needs to focus on “Building the Party” and growing the party is about ensuring what leadership of the party runs the affairs of the party based on the provision of the constitution of the APC political Party. It's not only a case of APC, I think it's all across political parties. Perhaps largely because PDP has