Day: February 23, 2024

‘Military to go after coup d’état advocates in Nigeria’ – CDS Musa

Aminu Imam

Chief of Defence Staff, (CDS) General Christopher Musa, has said those calling for coup d’état are enemies of Nigeria, saying the law will catch up with them. Musa stated this while speaking to newsmen during his operational visit and inauguration of facilities at Headquarters 6 Division of the Nigeria Army, in Port Harcourt, Rivers State, yesterday. The CDS described those advocating for a coup d’état in Nigeria as adversaries who do not have the country’s best interests at heart, saying, “Anybody calling for anything other than democracy is evil and…

Read More

Naira to slump further to N2, 081/$1 in official market – IMF

Aminu Imam

The International Monetary Fund (IMF) has projected that the nation’s currency, the Naira, may further depreciate by about 35% to the dollar this year, which according to it, could lead to inflation rate peaking at 44% before the monetary policy tightening could bring the situation under control. The Bretton Woods institution, which disclosed this in its February ‘2024 Post–Financing Assessment and Staff Report‘,  noted that Nigeria’s monetary policy is currently insufficiently tightened to bring inflation below 20%, while pressures on the Naira persist. The report said that amid the absence…

Read More

‘FG benefiting from dollar rise against Naira’ – Ali Ndume

Aminu Imam

Chief Whip of the Senate, Senator Ali Ndume, has alleged that the Federal Government is benefiting from the naira depreciation against the dollar. Ndume was speaking on why the Naira continues to depreciate against the dollar while speaking on Wednesday, during an interview on a television programme. He said rather than losing out from the Naira depreciation against the dollar, the Federal Government is gaining more revenue to fund its 2024 Budget. The Chief Whip disclosed that the Government would have more Naira to spend on its expenditure as the…

Read More

Senate to conclude 1999 Constitution review in 2yrs – Jibrin

Aminu Imam

Deputy President of the Senate and chairman of the 1999 Constitution Review Committee, Barau Jibrin, has said that the Constitutional review would be concluded within two years. The chairman stated this on Wednesday, during the inaugural meeting of the 45-member committee constituted last week by the Senate. He informed that the steering committee of the Constitutional review committee would submit a work plan and a process map with timelines to be presented for consideration and approval by members in the next meeting. Jibrin assured that the committee would work to…

Read More

Forex Crisis: ‘Govs. converting monthly allocations to dollars’, Activist alleges

Aminu Imam

Executive Director of a prominent Data-mining and Public Relations company, Cell HUB, Idris Etanami Usman, has voiced serious concerns regarding the economic crisis afflicting the nation. The company’s investigations have reportedly uncovered troubling evidence pointing to the involvement of certain State governors in worsening the dire economic situation. In a statement issued to newsmen yesterday, Usman expressed regret over the situation, emphasising the need to bring attention to the role of several state governors in Nigeria in exacerbating the current economic crisis. The findings suggest a pattern of behaviour where these…

Read More

‘Reinstate subsidy, remove Governors from palliative chain’ – Arewa Forum urges Tinubu

Aminu Imam

The Arewa Economic Forum, (AEF) has urged President Bola Ahmed Tinubu to reinstate subsidy payment on Premium Motor Spirit (PMS) popularly known as petrol or fuel, using extra money paid to the States from the Federation Account Allocation Committee, (FAAC), to cater for it. AEF’s Chairman, Ibrahim Shehu Ɗandaka, conveyed the Forum’s position at a press conference yesterday in Abuja, amid prevailing economic challenges faced by the Nigerian masses with removal of fuel subsidy. The body wants the President to act on it urgently if he knows he can’t find…

Read More

“FIRS didn’t give N30bn to any State; Akpabio playing politics” – Makinde

Aminu Imam

Oyo State governor, Seyi Makinde, has refuted the claim by the Senate President, Godswill Akpabio, that the Federal Inland Revenue Services, (FIRS), disbursed N30 billion to each State of the federation for food security, describing the statement as mere propaganda. Makinde, who spoke in the Iseyin area of Oyo State yesterday, during the commissioning of the renovated Iseyin Central Mosque, wondered why the President of the Senate would rely on an unconfirmed report. The Governor, who is the Vice-Chairman of the Nigeria Governors’ Forum, (NGF), said he could speak for…

Read More

Insecurity: “Nigeria under siege by terrorists, bandits, criminal gangs” – NBA writes Tinubu

Aminu Imam

The Nigerian Bar Association, (NBA) has expressed fear that Nigeria is under siege by terrorists, bandits and criminal gangs, describing the growing state of insecurity in the country as happening in ‘alarming proportions’. In its letter dated 14th February, 2024, titled: ‘State of the Nation’, which was signed by Yakubu Chonoko Maikyau, the president of NBA, and directed to President Bola Tinubu, the association wondered which part of Nigeria was still under the control of the Federal Government. “The entire country is under siege by terrorists, bandits, and criminal gangs.…

Read More