Day: November 25, 2024

Economic challenges: Nigeria moves on Risk Index, from ‘stability’ to ‘vulnerability’ – Report

Aminu Imam

Nigeria has been classified as vulnerable to instability in 2024, according to the latest SBM Intelligence Africa Country Instability Risk index. According to the report, this marks a downgrade from its stable status in 2023, driven by economic challenges linked to Government policies. Recall that Nigeria dropped 6 points this year, scoring 45, when compared with 39 in 2023. According to SBM Intelligence, a higher score in the risk index means a higher level of political risk to business. Other African nations sharing this risk status include Ethiopia, Comoros, Cte…

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Nigerias greatest stars gather in Lagos, as National Theatre ‘Festival of Unity’ begins

Aminu Imam
National Theatre 'Festival

The stage is set for the biggest gathering of local and international entertainers in Lagos, as the National Theatre, in Lagos, will play host to high ranking personalities for two days, December 13-14. An issued statement by the Chairman of the Planning Committee, Yunusa Mohammed said, The National Theatre Festival of Unity will begin on Friday, December 13, 2024 in Lagos. According to the statement, the National Theatre had proved itself a force for the promotion of unity in diversity. The National Theatre Festival of Unity is to foster better…

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‘Missing N57bn: Probe: Humanitarian Affairs Ministry” – SERAP

Aminu Imam
SERAP on missing N57bn

The Socio-Economic Rights and Accountability Project, (SERAP), has urged President Bola Tinubu to direct the Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, (SAN), and appropriate anti-corruption agencies to probe the allegedly over N57 billion of public funds missing, diverted or stolen in the Federal Ministry of Humanitarian Affairs and Poverty Alleviation in 2021. In the letter dated 23 November 2024 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: The allegations amount to stealing from the poor. There is a legitimate public interest in ensuring…

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“Tinubu, Buhari part of Nigerias accidental leadership cycle” – Kukah

Aminu Imam
Tinubu on Kukah

Catholic Archbishop of Sokoto Diocese, Bishop Matthew Kukah has described President Bola Tinubu, his predecessor, Muhammadu Buhari, and other previous Heads of State as leaders who found themselves in power by accident. The bishop made these remarks while delivering a keynote address at the official commissioning of Start-Rite Schools new building and the 4th Amaka Ndoma-Egba Memorial Lecture in Abuja, noted that it was evident none of them were fully prepared before assuming office, especially in a world where the demands of leadership are rapidly evolving. Kukah lamented that the…

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“Lekki Textile capable of generating 5,000 direct, 20,000 indirect jobs” NEPZA MD

Aminu Imam
NEPZA

Lekki Textile and Garment Special Economic Zonem project located in the Eyin-Osa area of Epe, Lagos State will generate 5,000 direct and over 20,000 indirect jobs when operational. Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Dr Olufemi Ogunyemi made this known over the weekend, while disbursing cash compensation to the seven Eyin-Osa families that contributed the 240.09 acres of land for this Federal Government project. According to the statement issued by NEPZA Head, Corporate Communications, Dr. Martins Odeh, Ogunyemi said the community would be continually regenerated, adding that…

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