Multiple ex-govs turn godfathers, unsettle governance in states | The Guardian Nigeria News - Nigeria and World News
While it is not new in Nigerian democracy, the rise of multiple godfathers and groundswell of internal political conflicts across states should be troubling. Okowa is now considered the new political godfather in the state, alongside Chief Ibori, who has been holding sway for about 24 years. In the beginning were godfathersRecall that the Fourth Republic, which started in 1999, has produced notable numbers of political godfathers more than ever. Notably, President Bola Tinubu, is acclaimed the most influential political godfather in the current dispensation. Agbeyegbe said these were the first set of political godfathers, but they are benevolent in nature compared to what is obtainable now.
Source:The Guardian
August 18, 2023 05:57 UTC
Game Plan | The Guardian Nigeria News - Nigeria and World News
Opinion Politics and law 2 Jun Even as politics is many lawyers’ tangential interest outside the law, its allure for them is more than cursory. Indications are that many practitioners of the law have realised that a term in the legislature or as the chief executive of their State... FacebookTwitterWhatsAppTelegramNigeria League of African Ambassadors debuts, to mentor new diplomats 1 Jun All is set for the inauguration of the League of African Ambassadors and High Commissioners as a Non-Governmental Platform with membership open to Ambassadors or High Commissioners of African descent who are at post, out of post, retired or active in service. This was announced in a statement by Nigeria's High Commissioner to the Republic… FacebookTwitterWhatsAppTelegram
Source:The Guardian
August 18, 2023 04:44 UTC
The Armed Forces Of Nigeria As The Guardian of Democracy – OpEd
By Kola KingIn times past, the armed forces of Nigeria had a reputation for overthrowing democratically elected governments, but they have since turned over a new leaf. Without a doubt, military rule had been a mixed bag, with the downsides of woes and violence trumping its good sides. As it turns out, the armed forces are now acting as the guarantor and guardian of our fledgling democracy since the return to civil rule in 1999. “The reports call on the military to interfere in our democracy is highly unpatriotic, wicked, and an attempt to distract the Armed Forces of Nigeria from performing its constitutional responsibilities,” the statement partly read. With the current fragile unity, a military coup may as well sound the death knell of Nigeria as an indivisible and indisoluble union.
Source:The Guardian
August 18, 2023 00:11 UTC
Election petition: Bauchi Tribunal reserves judgement as counsels adopt final addresses
The Bauchi State Governorship Election Petition Tribunal has reserved judgement in the petition brought against the election of Sen. Bala Abdulkadir Mohammed as the Governor of Bauchi State and his Deputy, Rt. The tribunal said during its sitting that it would communicate a date to deliver its judgement to the parties after counsel adopted their final written addresses. INEC is the first respondent in the petition, while Governor Bala Mohammed and his Deputy, Rt. In a related development, Counsel to Governor Bala Mohammed and the PDP, Chris Uche SAN, asked the court to dismiss the petitions by the All Progressive Congress (APC) for lacking merit. The Tribunal sitting was held under tight security, and despite measures put in place to reduce the number of people on the court premises, the crowd overpowered them and gained access to the premises.
Source:Nigerian Tribune
August 17, 2023 23:35 UTC
Four ways to appreciate yourself
Below are ways you should appreciate yourself. Buy giftsA special way to appreciate yourself is to buy yourself gifts and things you’ve always wanted for yourself. Appreciate your body for being strong, your brain for being creative, and your heart for being calm and not anxious. Don’t wait for people to celebrate or appreciate you. Accept who you are positivelyThe best way to appreciate yourself is to accept yourself for who you are.
Source:Nigerian Tribune
August 17, 2023 17:08 UTC
Metro - Boko Haram ethnic factions battle, kill 82 in Borno - Punch Newspaper
Follow along with the video below to see how to install our site as a web app on your home screen. Note: This feature currently requires accessing the site using the built-in Safari browser.
Source:Punch
August 17, 2023 16:20 UTC
Nigeria earns $742bn oil revenue in 21 years – NEITI
Nigeria earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively, between 1999 and 2020, a period of about 21 years, the Nigeria Extractive Industries Transparency Initiative announced on Wednesday. These reports have disclosed a total revenue earnings to the government of $741.48bn from the oil and gas sector and N635.3bn from the solid minerals sector. “These earnings were between the years 1999-2020 (oil and gas) and 2006-2020 (solid minerals sector earnings). He said a total of 1,214 companies with three government agencies were covered in the report of the solid minerals sector. The reports also sought to establish the revenue paid by oil, gas and mining companies and how much of such revenues were actually received into government coffers.
Source:Punch
August 17, 2023 14:52 UTC
Care for the poor in Nigeria: The fuel subsidy test
Consequently, fuel subsidy in Nigeria, specifically subsidy on premium motor spirit (PMS) commonly called petrol, has generated diverse and unresolved controversies for many years. Fuel subsidy testAs an economist, I have written and advocated for the removal of petrol subsidy for so many reasons. should be honestly committed to helping the poor and vulnerable to cushion the adverse effects of petrol subsidy removal. To consolidate the gains from petrol subsidy removal, locally assembled or manufactured vehicles should be purchased for mass transit programmes. Doing this in the context of petrol subsidy removal is needful to pass the fuel subsidy test.
Source:Nigerian Tribune
August 17, 2023 08:57 UTC
Nigeria’s Eurobonds continue to slide on pause of fuel price hike
The country’s bonds, which dramatically became bellwethers among emerging-market peers after Bola Tinubu abruptly announced an end to fuel subsidies at his presidential inauguration in late May, are now the worst performers in that class. An hour earlier, eight of Africa’s biggest economy’s bonds had ranked among the 20 worst-performing in the world in London. Nigeria’s Eurobonds with 2033 as their maturity date have depreciated ten times in less than two weeks. Analysts are concerned that Nigeria’s dollar bonds are not likely to find the anchor that set them on a tear in June and also helped restore some measure of investor confidence any moment soon. That, factored into Nigeria’s external reserves balance, leaves a net balance of $16.3 billion, contrary to the long-bandied figure of over $30 billion.
Source:The Guardian
August 16, 2023 21:55 UTC
Full list of ministers and designations
The Presidency on Wednesday unveiled the designation of the ministers that will work with President Bola Tinubu. Below is the full list of the ministers and their designationsMinister Of Communications, Innovation And Digital Economy: Bosun TijaniMinister Of State, Environment And Ecological Management: Ishak SalakoMinister Of Finance And Coordinating Minister Of The Economy: Wale EdunMinister Of Marine And Blue Economy: Bunmi Tunji-OjoMinister Of Power: Adebayo AdelabuMinister Of State, Health And Social Welfare: Tunji AlausaMinister Of Solid Minerals Development: Dele AlakeMinister Of Tourism: Lola Ade-JohnMinister Of Transportation: Adegboyega OyetolaMinister of Industry, Trade and Investment, Doris AniteMinister of Innovation Science and Technology, Uche NnajiMinister of State, Labour and Employment, Nkiruka OnyejeochaMinister of Women Affairs, Uju KennedyMinister of Works, David UmahiMinister of Aviation and Aerospace Development, Festus KeyamoMinister of Youth, Abubakar MomohMinister of Humanitarian Affairs and Poverty Alleviation, Betta EduMinister of State, Gas Resources, Ekperikpe EkpoMinister of State, Petroleum Resources, Heineken LokpobiriMinister of Sports Development, John EnohMinister of Federal Capital Territory, Nyesom WikeMinister of State, Housing and Urban Development – Abdullahi GwarzoMinister of Budget and Economic Planning- Atiku BaguduMinister of State, FCT- Mariga MahmoudMinister of State, Water Resources and Sanitation- Bello GoronyoMinister of Agriculture- Abubakar KyariMinister of Education- Tahir MammanMinister of Police Affairs- Ibrahim GeidamMinister of Foreign Affairs – Yusuf TuggarMinister of Interior- Saidu AlkaliCoordinating Minister of Health and Social Welfare- Ali PateMinister of State, Steel and Development- Maigari AhmaduMinister of Steel and Development- Shuaibu AuduMinister of Information and National Orientation- Muhammed IdrisAttorney General of the Federation and Minister of Justice- Lateef FagbemiMinister of Labour and Employment- Simon LalongMinister of State, Police Affairs, Inman SuleimanMinister of Special Duties- Zephaniah JisaloMinister of Water Resources and Sanitation- Joseph UtsevMinister of State, Agriculture and Food Security- Aliyu AbdullahiMinister of Arts, Culture and Creative Economy- Hannatu MusawaMinister of Defence- Muhammed BadaruMinister of State for Defence- Bello MatawalleMinister of State, Education- Tanko SununuMinister of Housing and Urban Development- Ahmed Dangiwa
Source:Punch
August 16, 2023 20:21 UTC
Loss in Airtel Africa stock pushes equities market to 3rd-day bears
The Equities market at the Nigerian Exchange Limited recorded its third consecutive loss this week, following profit-taking activities on Airtel Africa, having shed 5.3 per cent off it’s share value. Accordingly, the MTD and YTD gains fell to +0.5 per cent and +26.1 per cent, respectively. Equities investors, therefore, lost N13.28 billion as the market capitalisation settled at N35.37 trillion by the end of Wednesday trading session. As measured by market breadth, market sentiment was negative, as 16 tickers lost relative to 22 gainers. Notably, Guaranty Trust Holding Company emerged as the most actively traded stock, with 41.75 million shares worth N1.55 billion exchanged across 351 deals.
Source:Nigerian Tribune
August 16, 2023 17:43 UTC
House of Reps move to address multiples taxation
Abbas said this when Mr Lee Hun Seung the South Korean Ambassador to Nigeria paid him a courtesy call in Abuja on Tuesday. He said a committee to address the anomaly had been set up, adding that there was a mutual understanding between the two countries to address it so as to help businesses thrive. He commended the relationship that existed between South Korean and Nigerian parliaments since 2015. He described such as a worthy investment, adding that the focus of the 10th assembly was to strengthen the economic ties between the two countries. He said since Korea has technology, it would be willing to establish partnership that would profit the two countries, adding that Nigeria has the largest trading partner in the Africa continent.
Source:The Guardian
August 16, 2023 14:30 UTC
Syrian govt doubles salaries amid fuel price hike
Syrian President Bashar al-Assad has ordered a 100-per cent salary raise as the government sharply raised fuel prices, according to local media. The salary increase, covering state employees, retirees, and military personnel, is the ninth since 2011 when the Syrian war broke out. Prior to the decision, civil officials’ monthly salaries ranged from approximately 10 to 25 dollars depending on the street value of the Syrian pound. Numerous bus drivers skipped work on Wednesday as a result of the increase in fuel prices, resulting in congestion on the streets. Food prices have increased by 30 to 100 percent as a result of the price increase.
Source:Nigerian Tribune
August 16, 2023 14:28 UTC
Vote 3% revenue for students loan, panel tells Tinubu
The House of Representatives ad hoc committee on Students Loan Fund and Access to Higher Education has proposed that three per cent of the nation’s annual revenue should be channelled to students loan. Ugboh, while addressing the Federal Ministry of Education and the Implementation Committee, pledged the readiness of lawmakers to assist in the smooth take-off of the scheme. “We hope the system you are creating will be robust enough to take account of students who are already in school, who want the loan to cover for the one year or two years of their schooling or students who are coming through direct entry. “I want to suggest that there is a need to increase the requirement from one per cent to three per cent (of government’s revenue). He said, “We are technical people working and the kind of process flow that we are looking at is something that Nigeria will be proud of.
Source:Punch
August 16, 2023 13:53 UTC