Author: Aminu Imam

“Reversing current economic reforms spells doom for Nigeria” – World Bank

Aminu Imam
World Bank on reforms

The World Bank has charged Nigerians to support the ongoing economic reforms, warning against opposing or reversing them. The Bank’s Country Director for Nigeria, Dr. Ndiame Diop, who made this call at the Nigeria Development Update, NDU report launch in Abuja, said doing so could have serious negative consequences for the country. Diop, who stressed that while the reforms may be challenging, they are crucial for the nation’s long-term stability, warned that rolling back these reforms would be detrimental; saying reversing them would spell doom for Nigeria. Also, the Minister…

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?angote’s wealth doubles to $28bn, as refinery begins production – Report

Aminu Imam
Dangote diesel

Africa’s richest man, Aliko ?angote, has seen his wealth more than double to $27.8 billion following the long-awaited opening of his Nigerian oil refinery, according to the Bloomberg Billionaires Index. The ?angote Refinery in Lagos is the biggest single-train oil refinery in the world and one of the most complex, capable of processing most global crude types. It has the potential to transform Nigeria’s economy by making the country self-reliant for fuel. The 67-year-old Nigerian industrialist now leads one of Africa’s most ambitious private enterprises: a refinery poised to transform…

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Sokoto: Gov. Aliyu slashes price of rice; 50kg to ?38,700; 25kg for ?19,350

Aminu Imam
Sokoto Gov. Aliyu

The Sokoto State government has announced a massive 55 percent discount rates for rice and other basic but essential commodities and food items. The discount was announced by the state governor Ahmed Aliyu during the inauguration of the sales of subsidised items in Kware LGA. The inauguration signalled the commencement of the programme across the 244 wards. Aliyu disclosed that the programme aims to ameliorating the economic hardship citizens face, assuring that the programme would be sustained to herald food security in Sokoto. The Governor also disclosed that the State…

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Cholera cases in Nigeria surge to 14,237, with 378 deaths

Aminu Imam
Cholera cases

The number of cholera cases in Nigeria has surged to 14,237, with 378 deaths recorded since January 2024, according to the Nigeria Centre for Disease Control and Prevention, (NCDC). This marks a nearly 300% increase, when compared to the over 3,500 cases reported during the same period last year. The NCDC Director-General, Jide Idris, during a press conference yesterday in Abuja, said the outbreak has affected 35 States and the Federal Capital Territory (FCT), spanning 339 local government areas, saying the current case fatality ratio (CFR) stands at approximately 2.7%.…

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“Most arms used by terrorists belonged to Govt.” – NSA Riba?u

Aminu Imam
NSA Riba?u on arms

National Security Adviser (NSA), Nuhu Riba?u has revealed that most arms being used illegally to commit crime in the country originally belonged to the government. Riba?u made this disclosure yesterday, during the Arms Destruction Exercise organised by the National Centre for the Control of Small Arms and Light Weapons (NCCSALW) in the Office of the National Security Adviser (ONSA) at Muhammadu Buhari Cantonment, Giri, Abuja. He explained that the weapons ended up in the hands of non-state actors due to corrupt elements within the security agencies. The NSA, who condemned…

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Senator Barau mourns Liberty TV’s Senate Correspondent, Mohammed Adamu

Aminu Imam
IMG 20241016 WA0043

The Deputy President of the Senate, Senator Barau I. Jibrin, has mourned the Senate Correspondent of Liberty TV & Radio, Malam Mohammed Adamu, who died in the early hours of today (Wednesday) in Abuja. Late Adamu, who hailed from Kaduna State, served as the State House Correspondent of LibertyTV & Radio before his deployment to the National Assembly. In an issued statement by his Special Adviser, Media and Publicity, Isma’il Mudashir, Senator Barau said the deceased was a hardworking and committed journalist. Senator Barau extended his condolences to Adamu’s immediate…

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IBAN condemns EFCC’s arrest of Radio presenter during live broadcast

Aminu Imam
IBAN condemns

…Demands public apology The Independent Broadcasting Association of Nigeria (IBAN) has issued a strong condemnation of the Economic and Financial Crimes Commission (EFCC) following the arrest  on Monday of a radio presenter, Favour Ekoh, during a live broadcast at Urban Radio 94.5FM, Enugu.  The arrest, which took place during the station’s Prime Time programme, at approximately 6:45 pm, has sparked concern over press freedom in Nigeria. In an issued press release dated 15th October, signed by IBAN’s Chairman, Alhaji (Dr.) Ahmed Tijjani Ramalan, and Publicity Director, Greg Odutayo, tge association…

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Nigeria’s inflation rate soars to 32.70%, as hardship worsens

Aminu Imam
NBS inflation rate

Nigeria’s headline inflation rose to 32.70 percent in September 2024, according to the National Bureau of Statistics, (NBS). The development is contained in NBS’s ‘Consumer Price Index and Inflation’ report for September 2024. According to the report, the September 2024 headline inflation rate saw an increase of 0.55%, when compared to the August 2024 headline inflation rate. The rise in the inflation rate from 32.15% recorded in August is coming amid the hike in the pump price of petrol which has further aggravated the cost of living crisis. Similarly, food…

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“Many Nigerian lawmakers consume, trade in hard drugs” – Senator

Aminu Imam
Lawmaker on hard drugs

…Recommends drug tests for politicians  Senator representing Kano-South, Kawu Sumaila, has alleged that many members of the 10th National Assembly engaged in drug abuse while carrying out their official duties. Sumaila said this during plenary yesterday, while contributing to the debate on a Bill to establish the National Institute for Drug Awareness and Rehabilitation. The senator specifically said most of his colleagues possessed hard drugs and kept them in their various constituency offices and homes. He also claimed that majority of the senators have ties with drug dealers. He said,…

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Covid-19: World Bank approves $500m grant for Nigeria 

Aminu Imam
W'Bank approves

The World Bank says it has approved a $500 million grant to support Nigeria’s recovery efforts from the impacts of the Covid-19 pandemic. The funds, it was gathered, will be utilised through the Nigeria Community Action for Resilience and Economic Stimulus, (NG-CARES) programme. According to reports, the programme was launched in 2021 to aid poor and vulnerable households and micro-small enterprises affected by the pandemic. The World Bank Task Team Leader for NG-CARES, Dr Lire Ersado, revealed yesterday, these at the end of a two-day Peer Learning and Experience Sharing…

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