Author: Aminu Imam

“Tinubu’s policy, poor economy to blame for skyrocketing air fares” – Report

Aminu Imam
SBM Intelligence report

A recent report by SBM Intelligence, titled: “Moving out of Reach”, has revealed that the devaluation of the naira is the primary driver behind the surge in airfare costs in Nigeria. The report highlights that transportation costs have skyrocketed in the country, making travel increasingly unaffordable for many citizens. According to the report, as of 2017, Nigeria’s exchange rate stood at N395.42, however the exchange rate jumped to N1518 in 2024. According to the report, air travel costs have decreased in dollar terms, from $82.82 in 2017 to $82.14 in…

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Persistent Grid Collapse: EFCC probes contracts awarded in power sector

Aminu Imam
EFCC probes contracts

The Economic and Financial Crimes Commission (EFCC) has disclosed that it has initiated probe into contracts awarded in the power sector while attributing Nigeria’s unreliable electricity supply and persistent grid collapses to corruption within the sector. Chairman of the agency, Ola Olukoyede, disclosed this during the visit of the House Committee on Anti-Corruption and Financial Crimes to the Commission’s headquarters in Abuja. According to Olukoyede, EFCC investigations revealed that contractors awarded projects to supply electrical equipment frequently resorted to substandard materials. He identified this as the primary reason for the…

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2027: New political movement, ACC emerges

Aminu Imam
ACC emerges

…Vows to unseat Tinubu, rescue Nigeria  A new political movement, the Allied Conservative Congress, (ACC), has officially emerged in Abuja, with a vow to unseat the current government and tackle the challenges facing Nigeria. Speaking at the ACC National Executive Committee (NEC) meeting yesterday in Abuja, its National Secretary, Mohammed Lawal, outlined the movement’s conservative vision and commitment to revitalising Nigerian governance. According to him, the ACC seeks to provide a fresh conservative alternative in the political landscape ahead of the 2027 elections. Also, the focus is on restoring national…

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“No leader can fix Nigeria with 1999 Constitution” – Anyaoku

Aminu Imam
Anyaoku

Former Commonwealth Secretary-General, Chief Emeka Anyaoku, has warned that it would be difficult for anybody to fix Nigeria with the present 1999 Constitution. The elder statesman spoke at the launch of the book: “The Noble Academic and Patriot: A Biography of Emeritus, Professor Akinjide Osuntokun”, which was held in Lagos State. According to the ex-diplomat, Nigeria as a pluralistic country needs to address its diversity with true federal Constitutions. He said as long as the status quo remains, not even angels can tackle the country’s problem under the present system.…

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“Nobody dares Tinubu and gets away with it” – Riba?u warns terrorists  

Aminu Imam
Riba?u warns terrorists

National Security Adviser, (NSA) Nuhu Riba?u, has issued a stern warning to the recently emerged terror group, Lakurawa, operating in the North-West region. Speaking at the opening of the Comptroller-General of Customs Conference in Abuja, Riba?u vowed that the new sect would not thrive under President Bola Tinubu’s leadership, emphasising that “their days are numbered” if they don’t cease their activities. The NSA declared: “Nobody dares President Bola Tinubu and gets away with it”, insisting that the group’s timing was a miscalculation. Riba?u’s statement follows the Defence Headquarters’ confirmation last…

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EU fines Meta $840m for ‘abusive’ Facebook ad practices

Aminu Imam
EU fines Meta

The European Commission, (EU), yesterday fined online giant, Meta almost 800 million Euros for breaching anti-trust rules by giving users of its Facebook social network automatic access to classified ads service, Facebook Marketplace. According to the EU, the US tech titan also abused its dominant position by imposing unfair trading conditions on other online classified ads service providers that advertise on its platforms. In an issued statement, the bloc’s Competition Chief, Margrethe Vestager said, “This is illegal under EU antitrust rules. Meta must now stop this behaviour”. Meta said it…

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NNPCL, ?angote Refinery sign 10-yr gas supply deal to boost domestic production

Aminu Imam
NNPCL signs sale deal with ?angote

The Nigerian National Petroleum Company Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has executed a Gas Sale and Purchase Agreement (GSPA) with ?angote Petroleum Refinery and Petrochemicals FZE. According to an issued statement on Wednesday by the NNPCL Chief Corporate Communications Officer,  Olufemi Soneye, the agreement, signed by the NGML Managing Director, Justin Ezeala and the President/CEO of the ?angote Group, Aliko ?angote outlines the supply of natural gas for power generation and feedstock at the ?angote Refinery, in Ibeju-Lekki, Lagos State. The…

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‘Nigeria’s power sector needs $10bn investment for 24hr electricity’ – Power Minister 

Aminu Imam
Nigeria's power sector

The Federal Government says it needs $10 billion Public-Private-Partnership (PPP) investment in the power sector, in the next five to 10 years, to achieve 24 hours power supply. Minister of Power, Adebayo Adelabu disclosed this when the Director-General, Infrastructure Concession Regulatory Commission (ICRC), Dr. Jobson Ewalefoh, paid him a courtesy visit. A statement on the visit was made available to newdmen yesterday in Abuja, by the ICRC Acting Head, Media and Publicity, Ifeanyi Nwoko. In the statement, Adelabu said that the government alone, could not afford the $10 billion when…

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Autonomy: FG, Governors, LG chairs sign implementation agreement

Aminu Imam
FG, Governors, LGAs

The Committee on Local Government Autonomy, set up by the Federal Government, has concluded its meetings and signed the technical document, which is expected to be transmitted to President Bola Tinubu soon. The National President of the National Union of Local Government Employees, (NULGE), Hakeem Ambali, made this known in an interview on Tuesday. Recall that in May, the Federal Government, represented by the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, filed a lawsuit to challenge the governors’ authority to receive and withhold federal allocations meant…

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Presidency spends N5.1bn on 26 non CNG-powered vehicles in 3 weeks

Aminu Imam
Presidency on CNG vehicles

The State House, Abuja has spent N5.1billion on buying cars between August 18 and September 9. According to a document from the public payments portal: ‘Govspend’, the State House paid N3.4billion on August 18, for the purchase of sixteen numbers of 2023/2024 model Toyota Prado, to the State House, Abuja at the rate of N212million each. On September 9th 2024, N1.7 billion was spent to purchase 10 units of Toyota Camry V4, 2023, to the State House, each costing N170 million. The Govspend website also showed that the Presidency, under…

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