Naira Swap: “Nigeria at risk of CBN-induced recession”, NGF warns

The Nigeria Governors’ Forum (NGF) has warned that the continuous scarcity of the N200, N500 and N1,000 new notes may lead to economic recession as well as severe food inflation. The Forum, in a communiqué issued at the end of its meeting on Saturday, lamented that though the Attorney-General of the Federation, Abubakar Malami (SAN), said the Federal Government would comply with the order of the Supreme Court of Nigeria nullifying the February 10 deadline for the validity of three old notes, Nigerians have not experienced any change so far.…

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Nigerian Governors Forum warn FG against sanctioning ASUU

The Nigerian Governors Forum (NGF) has sent a message of warning against sanctioning the striking Academic Staff Union of Universities, (ASUU). The NGF Chairman, Governor of Ekiti State, Kayode Fayemi, made this revelation in Abuja, the nation’s capital on Thursday, after the meeting of the forum. According to the NGF, the Federal Government should rather resolve the contentious issues in the interest of the students and Nigeria. Also, the NGF said it has rejected the plan of the Federal Government to privatise National Integrated Power Plants, (NIPPs), to a private…

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$418m Paris Club Loan: Don’t tamper with our money” – 36 States warn FG

The 36 States of the federation have issued a warning to Federal Government not to tamper with funds accruing to them and the 774 Local Government Councils in the guise of satisfying the alleged $418 million London/Paris Club Loan refund-related judgment debts. Speaking through the Body of Attorneys-General of the Federation, the States warned further that should the Federal Government proceed to make any such deduction, it would be acting illegally and in contempt of their appeal challenging the judgment. According to the States, said they were not parties to…

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NGF Chairman Extols Governor Inuwa’s Sterling Leadership Qualities, Superlative Performance

Umar Kaltungo The Chairman of the Nigeria Governors’ Forum (NGF), and Governor of Ekiti State Dr. John Kayode Fayemi, has paid glowing tribute to his Gombe State counterpart, Alhaji Muhammadu Inuwa Yahaya, describing his performance as incredible and superlative. The NGF Chairman made the observation when he paid a courtesy call on Governor Inuwa at the Government House, Gombe. Dr. Fayemi also described Governor Inuwa as a silent achiever and good manager of resources with sterling leadership qualities who has done so much for his people within a short period…

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Insecurity, economic, political uncertainties may ground states – Nigerian Govs Forum

Governors of the 36 States of the Federation, under the auspices of the Nigeria Governors Forum, (NGF), have warned that if the spate of insecurity, political and economic uncertainties in the country are not promptly tackled, government business may be grounded due to heavy financial losses. The NGF chairman, Ekiti State governor, Kayode Fayemi, gave the warning on Monday, at the maiden meeting of the 36 states Attorney-Generals of the Federation, (AGFs) with the Forum. Represented by the Plateau State governor, Simon Lalong, the NGF chair said it was in…

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“Organise to kick out APC if you are dissatisfied” – Fayemi

Ekiti State governor, Kayode Fayemi, has urged youths to reconsider their plans of relocation and stay back to help make Nigeria better. The governor stated these yesterday, during an annual programme organised by Covenant Christian Centre in the State. Fayemi advised youths to organise ways to “kick out” the All Progressives Congress, (APC), from office in 2023 if they are not satisfied with its governance style. Fayemi specifically mentioned Canada which, according to him, has a glass ceiling, unlike Nigeria. He told the youths, “Don’t succumb to despondency, there is…

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Governors to meet tomorrow on petrol subsidy, others

The Nigeria Governors’ Forum (NGF) have scheduled a meeting for tomorrow, Wednesday March 17, to deliberate on petrol subsidy and take a position on the current challenge of supply or retailing across the country. A statement issued by the NGF’s Head, Media and Public Affairs, Abdulrazaque Bello-Barkindo, said the virtual meeting, scheduled to commence by 2pm, would “be briefed by the Governor Nasir El Rufai committee on subsidy on PMS before any decisions on the supply and or retailing of the product is taken.” Bello-Barkindo said the meeting also planned…

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Covid-19 – Govs. worry about vaccines’ delivery, demand local production

Nigerian state governors want the federal government to expedite actions on local production of COVID-19 vaccine instead of relying on foreign pharmaceutical firms. The Chairman of the Nigeria Governors Forum, (NGF), Kayode Fayemi, disclosed this yesterday after a meeting he had with President Muhammadu Buhari at the Presidential Villa, Abuja. The governors are also not comfortable with the lack of clarity on when the vaccines will arrive in Nigeria, and told President Muhammadu Buhari to accelerate the delivery. Nigeria is expecting the delivery of 100,000 COVID-19 vaccines from COVAX, the…

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State governors to borrow 17tr from Pension Fund

The thirty-six State governors, under the aegis of Nigerian Governors’ Forum (NGF), have endorsed proposals to borrow about N17 Trillion from the Nigeria Sovereign Investment Authority (NSIA) and the Accumulated Pension Funds. The endorsement was part of resolutions at the end of the 22nd NGF meeting which was contained in a communiqué personally signed by the Chairman of NGF and the Ekiti State Governor, Dr. Kayode Fayemi. According to the communiqué, Chairman of the National Economic Council (NEC)’s Adhoc Committee on Leveraging Portion of Accumulated Pension Funds for Investment in…

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