‘Nigeria has 200 million poor people’ – Buhari admits

Says low productivity, lack of reliable market, others hinder farmers   President Muhammadu Buhari yesterday admitted that Nigeria has 200 million poor people and asked the Organisation of Petroleum Exporting Countries (OPEC) to consider this when sharing production cuts.  At a meeting with the African Petroleum Producers’ Organisation (APPO)’Secretary-General, Dr. Omar Farouk from Nigeria, at the State House in Abuja,  The President stated that asides the 200 million poor people, the nation has severe deficit in infrastructure, saying that the weight of responsibility was too much.  Buhari welcomed the decision of…

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Nigeria may lose $493m paid to procure fighter jets – Senate

Nigeria risks losing the $493million it paid to the United States for the purchase of Super Tucano fighter jets over alleged defective runway, the Senate Committee on Air Force revealed yesterday. The Federal Government had in 2018 paid the US $493 million for Tucano fighter jets to aid its fight against Boko Haram insurgents in the North-East and other security challenges in other parts of the country.  However, the Vice Chairman of the Senate Committee on Air Force, Senator Michael Nnachi (Ebonyi South), disclosed Nigeria risks losing the deposit while…

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#EndSARS: UK Parliament does not speak for British govt. – FG

The Federal Government yesterday reacted to the deliberations on the recent #EndSARS protest by the United Kingdom, (UK) parliament.  The Minister of Foreign Affairs, Geoffrey Onyeama, made the position of the Federal Government known while addressing reporters in Abuja, the nation’s capital.   Onyeama made the remarks in reaction to the call by UK parliamentarians for sanction against Nigerian authorities and security agencies over human rights abuses and extrajudicial killings during the #EndSARS protests which were held in October in various parts of Nigeria.  He stated that while debates on all…

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Nigeria’s land borders to be re-opened soon, says Fin. Minister

The nation’s land borders that have been closed since August 2019 may be reopened soon. The Minister of Finance, Budget and National Planning, Zainab Ahmed, gave this indication during an interview with State House correspondents yesterday.  Ahmed said the presidential committee set up on the matter has completed its job and has recommended the reopening of the borders. She said the committee would soon submit its report to the President Muhammadu Buhari, following which a formal pronouncement would be made on the matter. The minister however, did not disclose when the…

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‘Use 1% of VAT to repair infrastructure destroyed by mobs’ – Senate to FG

The Nigerian Senate yesterday called on the Federal Government to use one percent of the revenue accrued to it from Value Added Tax, (VAT), to repair public and private properties destroyed across the country during the #EndSARS protests. Picture caption: Police burnt-out properties The resolution of the upper legislative chamber followed two consolidated motions sponsored by the senator representing Ekiti-South, Biodun Olujimi, and the senator representing Cross River-South, Gershom Bassey. Recall that in October, many Nigerians took to the streets to protest against police brutality but hoodlums exploited the peaceful…

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Lekki shootings: Despite FG’s sanction, CNN airs fresh documentary

The US Cable News Network, (CNN) continued its uncovering facts around Lekki toll gate massacre yesterday despite threat from the Nigerian government to sanction the media platform for airing an investigative documentary on the event of October 20. The second documentary corroborated facts in the initial report using CCTV footage submitted by the Lekki Concession Company at the Lagos panel of inquiry, re-iterating the need for Nigerian authorities to come clean. The Minister of Information, Lai Mohammed, had last week described CNN’s report on the Lekki shootings as ‘unprofessional journalism,’…

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Recession: ‘Nigeria is broke’ – Atiku

Says FG can’t afford 2021 Budget Cut cost of governance now – SERAP tells Buhari  Former Vice President, Atiku Abubakar has stated that Nigeria is broke and advised the Nigerian government that the 2021 proposed budget is no longer tenable. The former V-P, in a Twitter thread yesterday, stated that the nation cannot afford the luxurious items in the N13.08 trillion budget proposal. His advice is coming as Nigeria officially slided into a second economic recession in 5 years following 2 successive negative quarters growth. The Wazirin Adamawa further stated…

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Again, Nigerian economy officially dips into recession

Recession may linger through Q4, 2020 – LCCI Despite recession, Nigeria’s economy fastest growing in Africa – UK envoy Nigeria entered a second recession in the third quarter of this year, for the first time in five years, according to figures released by the National Bureau of Statistics (NBS) yesterday.  The NBS, according to its third quarter (Q3) GDP report, said the country’s GDP in real terms declined by -3.62% year-on-year (YoY) in Q3, 2020, the second contraction in 2020, thereby marking a full-blown recession and second consecutive contraction from…

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Nigeria among 12 most dangerous countries for children to live – Report

Nigeria is among the twelve most dangerous countries for children in conflict, according to a new report by a non-governmental organisation, (NGO), ‘Save the Children International’. The report, which was released on Friday showed that a total of 93,236 children have been killed or maimed in conflicts in the last 10 years, with more than three million children living in an area where violence had been raging for 18 years or more. In the report, the NGO said 25 children, the equivalent of a classroom full of pupils, have been…

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Nigeria to resume fuel imports from Niger Republic – FG

Nigeria, which is Africa’s biggest oil producer, is set to resume the importation of petroleum products from a neighbouring country, Niger Republic.The Ministry of Petroleum Resources announced on Thursday in a statement that the two countries signed a Memorandum of Understanding on Thursday for petroleum products transportation and storage.According to the statement, Niger Republic’s Soraz Refinery in Zinder, some 260km from the Nigerian border, has an installed refining capacity of 20,000 barrels per day. “Niger’s total domestic requirement is about 5,000bpd, thus leaving a huge surplus of about 15,000 bpd, mostly…

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