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I DIDN’T ORDER SHUTDOWN OF OIL COMPANIES – FUBARA Governor Siminalayi Fubara of Rivers State has refuted a viral social media claim that he ordered the shutdown of oil operations in Rivers State, according to The Cable. On Wednesday, a federal high court in Abuja prohibited the Central Bank of Nigeria (CBN) from distributing financial allocations to the Rivers State …

GOVERNORS MOVE TO CREATE CONSTITUTIONAL ROLE FOR TRADITIONAL RULERS The Nigeria Governors’ Forum (NGF) and traditional rulers have agreed to form a committee that will work on creating a clear constitutional role for traditional rulers in the country. The decision was made on Wednesday during a meeting at the Presidential Villa in Abuja. Speaking to reporters after the meeting, Ogun …

NEC RECOMMENDS WITHDRAWAL OF TAX REFORM BILL The National Economic Council (NEC) has recommended the withdrawal of the Tax reforms bill already at the National Assembly. The NEC headed by Vice-President Kashim Shettima has governors as members. Speaking to state House Correspondents after a NEC meeting, on Thursday, Governor Seyi Makinde of Oyo State said following the controversies that arose …

WE STAND BY OUR ADVICE ON NIGERIA REMOVING FUEL SUBSIDY, FLOAT NAIRA – IMF The International Monetary Fund (IMF) says it stands by its advice to Nigeria to remove petrol subsidy and float the exchange rate. The Bretton Woods institutions have been accused of advising President Bola Tinubu on the present economic policies, especially the removal of subsidy from PMS …

RIVERS GOVT APPEALS COURT ORDER STOPPING FEDERAL ALLOCATION TO THE STATE The Rivers State Government has filed an appeal against a recent Federal High Court ruling in Abuja that barred the Central Bank of Nigeria (CBN) from distributing federal allocations to the state. Recall that on Wednesday, Justice Joyce Abdulmalik of the Abuja Federal High Court declared that Governor Siminalayi …

TOUGH TIMES AHEAD AS NEW REPORT INDICATES THAT NIGERIA’S ECONOMY WILL UNDER PERFORM NEXT YEAR A recent report by BMI, a Fitch Solutions company, forecasts Nigeria’s economic growth will reach 3.5% in 2025. However, weak Foreign Direct Investment (FDI) and low oil output are expected to continue hindering performance. According to the report, there will be a substantial decline in …

YOU DON’T OVERTAX PEOPLE AND EXPECT IT’S THE WAY TO DRIVE GROWTH – NASARAWA GOVERNOR ABDULLAHI SULE Governor Abdullahi Sule of Nasarawa State has dismissed claims that Northern Nigeria opposes President Bola Tinubu’s administration due to the region’s stance on the proposed Tax Reform Bill. This comes after the Northern Governors’ Forum, during a meeting with traditional rulers and stakeholders, …

FORMER BRITISH COLONIES OWE DEBT OF GRATITUDE, SAYS UK PARLIAMENTARIAN Britain’s former colonies should be thankful for the legacy of empire, not demanding reparations, according to the Conservative leadership candidate Robert Jenrick. In comments that were described by a Labour MP as “deeply offensive”, the former minister said countries that were part of the empire “owe us a debt of …

NIGERIAN WORKERS POORER THAN BEFORE – OSHIOMHOLE Comrade Adams Oshiomhole, former President of Nigeria Labour Congress (NLC), says current Nigerian workers are poorer than those who worked for country in the past. Oshiomhole, a former governor of Edo State, also decried the present N70,000 minimum wage, arguing that the celebrated wage when converted to dollars, is equivalent to $42. The …

NORTH HAS MORE POOR PEOPLE, DESERVES LARGER ALLOCATION – MINISTERIAL NOMINEE Nentawe Yilwatda, ministerial nominee for the Ministry of Humanitarian Affairs and Poverty Alleviation, has disclosed that about 65 percent of poor people in Nigeria live in the North. Yilwatda, hence, said the region deserves more allocation based on needs assessment. He stated this on Wednesday while speaking at the …